XMY21的个人主页 - 老虎社区

XMY21

XMY21

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2021-07-01

Ok

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2021-05-19

I like their products!

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2021-05-06

😞😞

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2021-04-30

Like and comment please?

Apple's Got A $204 Billion 'Problem' That's Costing It A Fortune<blockquote>苹果面临2040亿美元的“问题”，让其损失惨重</blockquote>

2021-04-28

Come on Pinterest!!!!

Pinterest fell more than 10% in premarket trading<blockquote>Pinterest盘前交易跌超10%</blockquote>

2021-04-26

Do you guys think Tesla is a buy?

What to Expect From Tesla's Q1 Earnings Report On Monday<blockquote>特斯拉周一发布的第一季度收益报告有何期待</blockquote>

2021-04-23

Unlike :(

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2021-04-22

Pick up yr act boeing!!

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2021-04-21

Go!

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2021-04-20

Like please? :)

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2021-04-19

Noooo

Dow and S&P 500 slip from record highs, tech shares lead losses.<blockquote>道琼斯指数和标普500指数从历史高点下滑，科技股领跌。</blockquote>

2021-04-19

Noooo

Dow and S&P 500 slip from record highs, tech shares lead losses.<blockquote>道琼斯指数和标普500指数从历史高点下滑，科技股领跌。</blockquote>

2021-04-16

Buy?

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2021-04-13

Would you buy?

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2021-04-09

Don’t stop!

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2021-04-08

Ooo

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2021-04-06

Help comment & like please?

Opinion: Financial crises get triggered about every 10 years — Archegos might be right on time<blockquote>观点：金融危机大约每10年就会引发一次——Archegos可能准时出现</blockquote>

2021-04-05

Positive news!

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2021-04-02

More growth!

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2021-04-02

Goooo!

Lion? Lamb? March's best stocks, strategies into April<blockquote>狮子？羊羔？三月最佳股票、四月策略</blockquote>

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like their products!","listText":"I like their products!","text":"I like their 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and comment please?","listText":"Like and comment please?","text":"Like and comment please?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/103185112","repostId":"1169468350","repostType":4,"repost":{"id":"1169468350","kind":"news","pubTimestamp":1619746070,"share":"https://www.laohu8.com/m/news/1169468350?lang=zh_CN&edition=full","pubTime":"2021-04-30 09:27","market":"us","language":"en","title":"Apple's Got A $204 Billion 'Problem' That's Costing It A Fortune<blockquote>苹果面临2040亿美元的“问题”，让其损失惨重</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1169468350","media":"investors","summary":"Not only didApplesmash first-quarter profit forecasts, it just broke past another S&P 500 threshold: cash. The problem is the company can't get rid of it fast enough — which is costing investors.The tech sector giant ended the three months ended in March 2021 with cash and investments of $204 billion. That's up nearly 5% in a month and keeps Apple No. 1, by far, in the S&P 500 in terms of cash on hand. Google parentAlphabet in the communications services sector is a distant No. 2 with $160 billi","content":"<p>Not only did<b>Apple</b>(AAPL)smash first-quarter profit forecasts, it just broke past another S&amp;P 500 threshold: cash. The problem is the company can't get rid of it fast enough — which is costing investors.</p><p><blockquote>不仅<b>苹果</b>（AAPL）打破了第一季度利润预期，它刚刚突破了标普500的另一个门槛：现金。问题是该公司无法足够快地摆脱它——这让投资者付出了代价。</blockquote></p><p>The tech sector giant ended the three months ended in March 2021 with cash and investments of $204 billion. That's up nearly 5% in a month and keeps Apple No. 1, by far, in the S&amp;P 500 in terms of cash on hand. Google parent<b>Alphabet</b>(GOOGL) in the communications services sector is a distant No. 2 with $160 billion in cash and investments. And<b>Microsoft</b>(MSFT) comes in third with $130 billion, says an Investor's Business Daily analysis of data from S&amp;P Global Market Intelligence andMarketSmith, excluding the financial sector.</p><p><blockquote>截至2021年3月的三个月，这家科技行业巨头拥有2040亿美元的现金和投资。这一数字在一个月内增长了近5%，使苹果在手头现金方面迄今为止在标普500排名第一。谷歌母公司<b>Alphabet</b>（GOOGL）在通信服务领域遥遥领先，拥有1600亿美元的现金和投资。和<b>微软</b>《投资者商业日报》对标准普尔全球市场情报和MarketSmith（不包括金融行业）数据的分析显示，(MSFT)以1300亿美元排名第三。</blockquote></p><p>Apple's cash pile continues to accumulate, despite aggressive efforts to get rid of it. Talk about a good, but costly, problem to have.</p><p><blockquote>尽管苹果积极努力摆脱现金，但其现金储备仍在继续积累。谈论一个好的，但代价高昂的问题。</blockquote></p><p><b>Mounting Piles Of Cash</b></p><p><blockquote><b>越来越多的现金</b></blockquote></p><p>Mounting cash piles at S&amp;P 500 companies aregetting more attention.</p><p><blockquote>标普500公司不断增加的现金储备引起了更多关注。</blockquote></p><p>Companies stockpiling cash wasfine with investorsduring the uncertainty of the pandemic. But now, cries for higher dividends and stock buybacks are getting louder. Excluding financials, S&amp;P 500 companies' cash and investments is up this year to more than $2.7 trillion.</p><p><blockquote>在疫情的不确定性期间，储备现金的公司对投资者来说很好。但现在，要求提高股息和股票回购的呼声越来越高。不包括金融股，标普500公司的现金和投资今年已增至超过2.7万亿美元。</blockquote></p><p>\"I would expect to see additional (dividend) initiations from (companies) that previously suspended, and increases from some that reduced their rate, dependent on how the economy reacts to the vaccine progress, any new developments with respect to the virus spread and mutants, and any consumer spending reactions,\" said Howard Silverblatt, index strategist at S&amp;P Dow Jones Indices.</p><p><blockquote>“我预计之前暂停的（公司）会增加（股息），而一些降低股息率的公司会增加股息，这取决于经济对疫苗进展的反应、病毒传播和突变体方面的任何新进展，以及任何消费者支出反应，”标准普尔道琼斯指数指数策略师霍华德·西尔弗布拉特(Howard Silverblatt)表示。</blockquote></p><p>Apple's cash pile is impressive. But it's a costly luxury.</p><p><blockquote>苹果的现金储备令人印象深刻。但这是一种昂贵的奢侈品。</blockquote></p><p>It ended the March quarter with $38.5 billion in cash, $31.4 billion in short-term marketable securities and $134.5 billion in long-term marketable securities. Marketable securities are investments that can be quickly and easily turned into cash. A bulk of Apple's marketable securities are held in U.S. Treasuries.</p><p><blockquote>截至3月份季度末，该公司拥有385亿美元现金、314亿美元短期有价证券和1,345亿美元长期有价证券。有价证券是可以快速轻松地转化为现金的投资。苹果的大部分有价证券都持有美国国债。</blockquote></p><p>That's enough to give all 328 million men, women and children in the U.S. $623 apiece.</p><p><blockquote>这足以为美国3.28亿男女老少每人提供623美元。</blockquote></p><p>And that's the criticism. Cash and Treasuries are a bad place to be now. The yield on the 10-Year Treasury is just 1.62%. That's half what it was in 2018.</p><p><blockquote>这就是批评。现金和国债现在不是一个好地方。10年期国债收益率仅为1.62%。这是2018年的一半。</blockquote></p><p>Apple's cash and investments first topped $200 billion in the fiscal year ended in September 2015. Since then it has aggressively tried to dispense of it. Apple announced plans this week for billions in capital expenditures. It's also raising its stock buyback program by $90 billion. Additionally, it hiked its quarterly dividend by 7% to 22 cents a share. That means Apple yields more than 0.6%, in an sector not known for ahigh yield.</p><p><blockquote>截至2015年9月的财年，苹果的现金和投资首次突破2000亿美元。从那时起，它就积极地试图摆脱它。苹果本周宣布了数十亿美元的资本支出计划。它还将股票回购计划提高了900亿美元。此外，该公司还将季度股息提高了7%，达到每股22美分。这意味着苹果的收益率超过0.6%，而这个行业并不以高收益率而闻名。</blockquote></p><p>The yield on the Technology Select Sector SPDR ETF (XLK) is 0.8%. That's well below the 1.4% dividend yield of the SPDR S&amp;P 500 (SPY).</p><p><blockquote>科技精选行业SPDR ETF(XLK)的收益率为0.8%。这远低于SPDR标普500（SPDR标普500指数ETF）1.4%的股息收益率。</blockquote></p><p><b>What All That Cash Is Costing Apple</b></p><p><blockquote><b>苹果花了多少钱</b></blockquote></p><p>Apple continues to print money faster than it can get rid of it. But the opportunity cost of holding so much cash is staggeringly large. A 1.62% yield on $204 billion is just $3.3 billion a year.</p><p><blockquote>苹果继续印钞的速度超过了它摆脱钞票的速度。但持有如此多现金的机会成本大得惊人。2040亿美元的收益率为1.62%，每年仅为33亿美元。</blockquote></p><p>Putting that massive amount of money to better use could be highly profitable. That same money invested in Apple's own stock a year ago would have resulted in a gain of $174 billion. Just getting an S&amp;P 500-like long-term return equals $20 billion annually.</p><p><blockquote>更好地利用这笔巨额资金可能会带来丰厚的利润。一年前，同样的资金投资于苹果自己的股票将带来1740亿美元的收益。仅获得标普500式的长期回报就相当于每年200亿美元。</blockquote></p><p>So by holding hundreds of billions, Apple investors are losing out on billions. Whatshould you look at before buying Apple stock?</p><p><blockquote>因此，通过持有数千亿美元，苹果投资者损失了数十亿美元。购买苹果股票之前您应该考虑什么？</blockquote></p><p><b>What To Do With All That Cash?</b></p><p><blockquote><b>这些现金怎么办？</b></blockquote></p><p>S&amp;P 500 nonfinancial companies are sitting on a record $1.9 trillion in cash alone (excluding investments), says S&amp;P Global Market Intelligence.</p><p><blockquote>标准普尔全球市场情报表示，仅标普500非金融公司就坐拥创纪录的1.9万亿美元现金（不包括投资）。</blockquote></p><p>Dividends are rising. Investors are also prepping for a big jump in buybacks, too. S&amp;P 500 companies spent $130.6 billion buying back their shares in the fourth quarter of 2020, says S&amp;P Global Market Intelligence. That's up from a recent low of $88.7 billion in the second quarter. Companies are also borrowing less. U.S. companies issued just $192.3 billion in debt in March, down 26% from the same year-ago period.</p><p><blockquote>股息正在上升。投资者也在为回购大幅增加做准备。标准普尔全球市场情报称，标普500公司在2020年第四季度斥资1306亿美元回购股票。这高于第二季度887亿美元的近期低点。公司的借款也在减少。美国公司3月份仅发行了1923亿美元的债务，比去年同期下降了26%。</blockquote></p><p>S&amp;P 500 companies can afford to pay more to investors. Apple is only paying out 22% of earnings as a dividend (prior to its latest dividend hike).IBD Long-Term Leader Microsoftyields just 0.9% and pays out less than 30% of profit. And Alphabet, the No. 2 richest S&amp;P 500 company andLeaderboard member, pays no dividend at all. Should youbuy Alphabet stock now?</p><p><blockquote>标普500公司有能力向投资者支付更多费用。苹果仅支付收益的22%作为股息（在最近一次股息上调之前）。IBD长期领导者微软的收益率仅为0.9%，支付的利润不到30%。标普500第二富有的公司和排行榜成员Alphabet根本不支付股息。您现在应该购买Alphabet股票吗？</blockquote></p><p>When will S&amp;P 500 investors demand to get their cash?</p><p><blockquote>标普500投资者什么时候会要求拿到现金？</blockquote></p><p></p>","source":"lsy1610449120050","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>Apple's Got A $204 Billion 'Problem' That's Costing It A Fortune<blockquote>苹果面临2040亿美元的“问题”，让其损失惨重</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\">\nApple's Got A $204 Billion 'Problem' That's Costing It A Fortune<blockquote>苹果面临2040亿美元的“问题”，让其损失惨重</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">investors</strong><span class=\"h-time small\">2021-04-30 09:27</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Not only did<b>Apple</b>(AAPL)smash first-quarter profit forecasts, it just broke past another S&amp;P 500 threshold: cash. The problem is the company can't get rid of it fast enough — which is costing investors.</p><p><blockquote>不仅<b>苹果</b>（AAPL）打破了第一季度利润预期，它刚刚突破了标普500的另一个门槛：现金。问题是该公司无法足够快地摆脱它——这让投资者付出了代价。</blockquote></p><p>The tech sector giant ended the three months ended in March 2021 with cash and investments of $204 billion. That's up nearly 5% in a month and keeps Apple No. 1, by far, in the S&amp;P 500 in terms of cash on hand. Google parent<b>Alphabet</b>(GOOGL) in the communications services sector is a distant No. 2 with $160 billion in cash and investments. And<b>Microsoft</b>(MSFT) comes in third with $130 billion, says an Investor's Business Daily analysis of data from S&amp;P Global Market Intelligence andMarketSmith, excluding the financial sector.</p><p><blockquote>截至2021年3月的三个月，这家科技行业巨头拥有2040亿美元的现金和投资。这一数字在一个月内增长了近5%，使苹果在手头现金方面迄今为止在标普500排名第一。谷歌母公司<b>Alphabet</b>（GOOGL）在通信服务领域遥遥领先，拥有1600亿美元的现金和投资。和<b>微软</b>《投资者商业日报》对标准普尔全球市场情报和MarketSmith（不包括金融行业）数据的分析显示，(MSFT)以1300亿美元排名第三。</blockquote></p><p>Apple's cash pile continues to accumulate, despite aggressive efforts to get rid of it. Talk about a good, but costly, problem to have.</p><p><blockquote>尽管苹果积极努力摆脱现金，但其现金储备仍在继续积累。谈论一个好的，但代价高昂的问题。</blockquote></p><p><b>Mounting Piles Of Cash</b></p><p><blockquote><b>越来越多的现金</b></blockquote></p><p>Mounting cash piles at S&amp;P 500 companies aregetting more attention.</p><p><blockquote>标普500公司不断增加的现金储备引起了更多关注。</blockquote></p><p>Companies stockpiling cash wasfine with investorsduring the uncertainty of the pandemic. But now, cries for higher dividends and stock buybacks are getting louder. Excluding financials, S&amp;P 500 companies' cash and investments is up this year to more than $2.7 trillion.</p><p><blockquote>在疫情的不确定性期间，储备现金的公司对投资者来说很好。但现在，要求提高股息和股票回购的呼声越来越高。不包括金融股，标普500公司的现金和投资今年已增至超过2.7万亿美元。</blockquote></p><p>\"I would expect to see additional (dividend) initiations from (companies) that previously suspended, and increases from some that reduced their rate, dependent on how the economy reacts to the vaccine progress, any new developments with respect to the virus spread and mutants, and any consumer spending reactions,\" said Howard Silverblatt, index strategist at S&amp;P Dow Jones Indices.</p><p><blockquote>“我预计之前暂停的（公司）会增加（股息），而一些降低股息率的公司会增加股息，这取决于经济对疫苗进展的反应、病毒传播和突变体方面的任何新进展，以及任何消费者支出反应，”标准普尔道琼斯指数指数策略师霍华德·西尔弗布拉特(Howard Silverblatt)表示。</blockquote></p><p>Apple's cash pile is impressive. But it's a costly luxury.</p><p><blockquote>苹果的现金储备令人印象深刻。但这是一种昂贵的奢侈品。</blockquote></p><p>It ended the March quarter with $38.5 billion in cash, $31.4 billion in short-term marketable securities and $134.5 billion in long-term marketable securities. Marketable securities are investments that can be quickly and easily turned into cash. A bulk of Apple's marketable securities are held in U.S. Treasuries.</p><p><blockquote>截至3月份季度末，该公司拥有385亿美元现金、314亿美元短期有价证券和1,345亿美元长期有价证券。有价证券是可以快速轻松地转化为现金的投资。苹果的大部分有价证券都持有美国国债。</blockquote></p><p>That's enough to give all 328 million men, women and children in the U.S. $623 apiece.</p><p><blockquote>这足以为美国3.28亿男女老少每人提供623美元。</blockquote></p><p>And that's the criticism. Cash and Treasuries are a bad place to be now. The yield on the 10-Year Treasury is just 1.62%. That's half what it was in 2018.</p><p><blockquote>这就是批评。现金和国债现在不是一个好地方。10年期国债收益率仅为1.62%。这是2018年的一半。</blockquote></p><p>Apple's cash and investments first topped $200 billion in the fiscal year ended in September 2015. Since then it has aggressively tried to dispense of it. Apple announced plans this week for billions in capital expenditures. It's also raising its stock buyback program by $90 billion. Additionally, it hiked its quarterly dividend by 7% to 22 cents a share. That means Apple yields more than 0.6%, in an sector not known for ahigh yield.</p><p><blockquote>截至2015年9月的财年，苹果的现金和投资首次突破2000亿美元。从那时起，它就积极地试图摆脱它。苹果本周宣布了数十亿美元的资本支出计划。它还将股票回购计划提高了900亿美元。此外，该公司还将季度股息提高了7%，达到每股22美分。这意味着苹果的收益率超过0.6%，而这个行业并不以高收益率而闻名。</blockquote></p><p>The yield on the Technology Select Sector SPDR ETF (XLK) is 0.8%. That's well below the 1.4% dividend yield of the SPDR S&amp;P 500 (SPY).</p><p><blockquote>科技精选行业SPDR ETF(XLK)的收益率为0.8%。这远低于SPDR标普500（SPDR标普500指数ETF）1.4%的股息收益率。</blockquote></p><p><b>What All That Cash Is Costing Apple</b></p><p><blockquote><b>苹果花了多少钱</b></blockquote></p><p>Apple continues to print money faster than it can get rid of it. But the opportunity cost of holding so much cash is staggeringly large. A 1.62% yield on $204 billion is just $3.3 billion a year.</p><p><blockquote>苹果继续印钞的速度超过了它摆脱钞票的速度。但持有如此多现金的机会成本大得惊人。2040亿美元的收益率为1.62%，每年仅为33亿美元。</blockquote></p><p>Putting that massive amount of money to better use could be highly profitable. That same money invested in Apple's own stock a year ago would have resulted in a gain of $174 billion. Just getting an S&amp;P 500-like long-term return equals $20 billion annually.</p><p><blockquote>更好地利用这笔巨额资金可能会带来丰厚的利润。一年前，同样的资金投资于苹果自己的股票将带来1740亿美元的收益。仅获得标普500式的长期回报就相当于每年200亿美元。</blockquote></p><p>So by holding hundreds of billions, Apple investors are losing out on billions. Whatshould you look at before buying Apple stock?</p><p><blockquote>因此，通过持有数千亿美元，苹果投资者损失了数十亿美元。购买苹果股票之前您应该考虑什么？</blockquote></p><p><b>What To Do With All That Cash?</b></p><p><blockquote><b>这些现金怎么办？</b></blockquote></p><p>S&amp;P 500 nonfinancial companies are sitting on a record $1.9 trillion in cash alone (excluding investments), says S&amp;P Global Market Intelligence.</p><p><blockquote>标准普尔全球市场情报表示，仅标普500非金融公司就坐拥创纪录的1.9万亿美元现金（不包括投资）。</blockquote></p><p>Dividends are rising. Investors are also prepping for a big jump in buybacks, too. S&amp;P 500 companies spent $130.6 billion buying back their shares in the fourth quarter of 2020, says S&amp;P Global Market Intelligence. That's up from a recent low of $88.7 billion in the second quarter. Companies are also borrowing less. U.S. companies issued just $192.3 billion in debt in March, down 26% from the same year-ago period.</p><p><blockquote>股息正在上升。投资者也在为回购大幅增加做准备。标准普尔全球市场情报称，标普500公司在2020年第四季度斥资1306亿美元回购股票。这高于第二季度887亿美元的近期低点。公司的借款也在减少。美国公司3月份仅发行了1923亿美元的债务，比去年同期下降了26%。</blockquote></p><p>S&amp;P 500 companies can afford to pay more to investors. Apple is only paying out 22% of earnings as a dividend (prior to its latest dividend hike).IBD Long-Term Leader Microsoftyields just 0.9% and pays out less than 30% of profit. And Alphabet, the No. 2 richest S&amp;P 500 company andLeaderboard member, pays no dividend at all. Should youbuy Alphabet stock now?</p><p><blockquote>标普500公司有能力向投资者支付更多费用。苹果仅支付收益的22%作为股息（在最近一次股息上调之前）。IBD长期领导者微软的收益率仅为0.9%，支付的利润不到30%。标普500第二富有的公司和排行榜成员Alphabet根本不支付股息。您现在应该购买Alphabet股票吗？</blockquote></p><p>When will S&amp;P 500 investors demand to get their cash?</p><p><blockquote>标普500投资者什么时候会要求拿到现金？</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.investors.com/etfs-and-funds/sectors/sp500-every-american-apple-has-more-cash-than-anyone/?src=A00220\">investors</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":{"AAPL":"苹果"},"source_url":"https://www.investors.com/etfs-and-funds/sectors/sp500-every-american-apple-has-more-cash-than-anyone/?src=A00220","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169468350","content_text":"Not only didApple(AAPL)smash first-quarter profit forecasts, it just broke past another S&P 500 threshold: cash. The problem is the company can't get rid of it fast enough — which is costing investors.The tech sector giant ended the three months ended in March 2021 with cash and investments of $204 billion. That's up nearly 5% in a month and keeps Apple No. 1, by far, in the S&P 500 in terms of cash on hand. Google parentAlphabet(GOOGL) in the communications services sector is a distant No. 2 with $160 billion in cash and investments. AndMicrosoft(MSFT) comes in third with $130 billion, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence andMarketSmith, excluding the financial sector.Apple's cash pile continues to accumulate, despite aggressive efforts to get rid of it. Talk about a good, but costly, problem to have.Mounting Piles Of CashMounting cash piles at S&P 500 companies aregetting more attention.Companies stockpiling cash wasfine with investorsduring the uncertainty of the pandemic. But now, cries for higher dividends and stock buybacks are getting louder. Excluding financials, S&P 500 companies' cash and investments is up this year to more than $2.7 trillion.\"I would expect to see additional (dividend) initiations from (companies) that previously suspended, and increases from some that reduced their rate, dependent on how the economy reacts to the vaccine progress, any new developments with respect to the virus spread and mutants, and any consumer spending reactions,\" said Howard Silverblatt, index strategist at S&P Dow Jones Indices.Apple's cash pile is impressive. But it's a costly luxury.It ended the March quarter with $38.5 billion in cash, $31.4 billion in short-term marketable securities and $134.5 billion in long-term marketable securities. Marketable securities are investments that can be quickly and easily turned into cash. A bulk of Apple's marketable securities are held in U.S. Treasuries.That's enough to give all 328 million men, women and children in the U.S. $623 apiece.And that's the criticism. Cash and Treasuries are a bad place to be now. The yield on the 10-Year Treasury is just 1.62%. That's half what it was in 2018.Apple's cash and investments first topped $200 billion in the fiscal year ended in September 2015. Since then it has aggressively tried to dispense of it. Apple announced plans this week for billions in capital expenditures. It's also raising its stock buyback program by $90 billion. Additionally, it hiked its quarterly dividend by 7% to 22 cents a share. That means Apple yields more than 0.6%, in an sector not known for ahigh yield.The yield on the Technology Select Sector SPDR ETF (XLK) is 0.8%. That's well below the 1.4% dividend yield of the SPDR S&P 500 (SPY).What All That Cash Is Costing AppleApple continues to print money faster than it can get rid of it. But the opportunity cost of holding so much cash is staggeringly large. A 1.62% yield on $204 billion is just $3.3 billion a year.Putting that massive amount of money to better use could be highly profitable. That same money invested in Apple's own stock a year ago would have resulted in a gain of $174 billion. Just getting an S&P 500-like long-term return equals $20 billion annually.So by holding hundreds of billions, Apple investors are losing out on billions. Whatshould you look at before buying Apple stock?What To Do With All That Cash?S&P 500 nonfinancial companies are sitting on a record $1.9 trillion in cash alone (excluding investments), says S&P Global Market Intelligence.Dividends are rising. Investors are also prepping for a big jump in buybacks, too. S&P 500 companies spent $130.6 billion buying back their shares in the fourth quarter of 2020, says S&P Global Market Intelligence. That's up from a recent low of $88.7 billion in the second quarter. Companies are also borrowing less. U.S. companies issued just $192.3 billion in debt in March, down 26% from the same year-ago period.S&P 500 companies can afford to pay more to investors. Apple is only paying out 22% of earnings as a dividend (prior to its latest dividend hike).IBD Long-Term Leader Microsoftyields just 0.9% and pays out less than 30% of profit. And Alphabet, the No. 2 richest S&P 500 company andLeaderboard member, pays no dividend at all. Should youbuy Alphabet stock now?When will S&P 500 investors demand to get their cash?","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1838,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":100664692,"gmtCreate":1619610382616,"gmtModify":1631887488896,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Come on Pinterest!!!!","listText":"Come on Pinterest!!!!","text":"Come on Pinterest!!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/100664692","repostId":"1186809886","repostType":2,"repost":{"id":"1186809886","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":1619597048,"share":"https://www.laohu8.com/m/news/1186809886?lang=zh_CN&edition=full","pubTime":"2021-04-28 16:04","market":"us","language":"en","title":"Pinterest fell more than 10% in premarket trading<blockquote>Pinterest盘前交易跌超10%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1186809886","media":"Tiger Newspress","summary":"Pinterest fell more than 10% in premarket trading.Q1 net loss of 21.674 million US dollars.Why Pinte","content":"<p>Pinterest fell more than 10% in premarket trading.Q1 net loss of 21.674 million US dollars.</p><p><blockquote>Pinterest盘前跌超10%，Q1净亏损2167.4万美元。</blockquote></p><p><img src=\"https://static.tigerbbs.com/15e9667d9ff736567d5217f9744f1024\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Why Pinterest Shares Tanked Despite Q1 Earnings Beat</b></p><p><blockquote><b>尽管第一季度盈利超出预期，为什么Pinterest股价仍下跌</b></blockquote></p><p>Shares of<b>Pinterest Inc.</b>(NYSE:PINS) tumbled almost 11% in Tuesday's extended session&nbsp;despite the social media company reporting first-quarter earnings results that beat Street estimates.</p><p><blockquote>本公司之股份<b>Pinterest公司。</b>尽管这家社交媒体公司公布的第一季度盈利结果超出了华尔街的预期，但该公司(NYSE：PINS)在周二的延长交易中下跌了近11%。</blockquote></p><p><b>What Happened:</b>Pinterest on Tuesday reported&nbsp;a net loss for the first quarter that narrowed significantly to $21.7 million from $141.2 million in the prior-year quarter. Revenue for the quarter surged 78% year-over-year to $485.2 million.</p><p><blockquote><b>发生了什么：</b>Pinterest周二公布第一季度净亏损从去年同期的1.412亿美元大幅收窄至2170万美元。该季度收入同比飙升78%至4.852亿美元。</blockquote></p><p>However, the image-sharing company’s monthly active users (MAUs) rose by only 30% year-over-year to 478 million in the quarter as COVID-19 pandemic restrictions eased.</p><p><blockquote>然而，随着COVID-19大流行限制的放松，这家图像共享公司本季度的月活跃用户(MAU)仅同比增长30%，达到4.78亿。</blockquote></p><p>“Starting in mid-March, the easing of pandemic restrictions slowed U.S. MAU growth and lowered engagement year over year as people spent less time online,” Pinterest said.</p><p><blockquote>Pinterest表示：“从3月中旬开始，疫情限制的放松减缓了美国月活跃用户数的增长，并随着人们上网时间的减少，参与度同比下降。”</blockquote></p><p>The online-pinboard company also warned that while it saw good retention in the first quarter of the MAUs it gained during 2020, it is not sure how long the retention will last. Nevertheless, Pinterest&nbsp;projects second-quarter revenue to rise 105% from the prior-year quarter.</p><p><blockquote>这家在线插接板公司还警告说，虽然它在2020年第一季度获得的月活跃用户数保持良好，但不确定这种保持会持续多久。尽管如此，Pinterest预计第二季度收入将比去年同期增长105%。</blockquote></p><p><i>See Also: Thinking About Buying Stock In Pinterest, Ford Or Lordstown?</i></p><p><blockquote><i>另请参阅：考虑购买Pinterest、福特或洛兹敦的股票？</i></blockquote></p><p><b>Why It Matters:</b>Pinterest saw a surge in traffic last year as people spent more time online amid the pandemic restrictions. However, the company’s user growth has slowed this year as the economy reopens.</p><p><blockquote><b>为什么重要：</b>去年，Pinterest的流量激增，因为人们在疫情的限制下花了更多的时间上网。然而，随着经济重新开放，该公司今年的用户增长放缓。</blockquote></p><p>The slowdown in user growth has been offset by the recovery in ad spending this year amid the economic reopening. Pinterest noted that the revenue growth reflected increased adoption from medium and small advertisers.</p><p><blockquote>在经济重新开放的背景下，今年广告支出的复苏抵消了用户增长的放缓。Pinterest指出，收入增长反映了中小型广告商的采用增加。</blockquote></p><p><b>Price Action</b>: Pinterest shares closed 1.1% higher in Monday’s regular trading session at $77.58, but fell almost 11% in the after-hours session to $69.07.</p><p><blockquote><b>价格行为</b>：Pinterest股价在周一常规交易时段收盘上涨1.1%，至77.58美元，但在盘后交易时段下跌近11%，至69.07美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pinterest fell more than 10% in premarket trading<blockquote>Pinterest盘前交易跌超10%</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\">\nPinterest fell more than 10% in premarket trading<blockquote>Pinterest盘前交易跌超10%</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\">2021-04-28 16:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Pinterest fell more than 10% in premarket trading.Q1 net loss of 21.674 million US dollars.</p><p><blockquote>Pinterest盘前跌超10%，Q1净亏损2167.4万美元。</blockquote></p><p><img src=\"https://static.tigerbbs.com/15e9667d9ff736567d5217f9744f1024\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Why Pinterest Shares Tanked Despite Q1 Earnings Beat</b></p><p><blockquote><b>尽管第一季度盈利超出预期，为什么Pinterest股价仍下跌</b></blockquote></p><p>Shares of<b>Pinterest Inc.</b>(NYSE:PINS) tumbled almost 11% in Tuesday's extended session&nbsp;despite the social media company reporting first-quarter earnings results that beat Street estimates.</p><p><blockquote>本公司之股份<b>Pinterest公司。</b>尽管这家社交媒体公司公布的第一季度盈利结果超出了华尔街的预期，但该公司(NYSE：PINS)在周二的延长交易中下跌了近11%。</blockquote></p><p><b>What Happened:</b>Pinterest on Tuesday reported&nbsp;a net loss for the first quarter that narrowed significantly to $21.7 million from $141.2 million in the prior-year quarter. Revenue for the quarter surged 78% year-over-year to $485.2 million.</p><p><blockquote><b>发生了什么：</b>Pinterest周二公布第一季度净亏损从去年同期的1.412亿美元大幅收窄至2170万美元。该季度收入同比飙升78%至4.852亿美元。</blockquote></p><p>However, the image-sharing company’s monthly active users (MAUs) rose by only 30% year-over-year to 478 million in the quarter as COVID-19 pandemic restrictions eased.</p><p><blockquote>然而，随着COVID-19大流行限制的放松，这家图像共享公司本季度的月活跃用户(MAU)仅同比增长30%，达到4.78亿。</blockquote></p><p>“Starting in mid-March, the easing of pandemic restrictions slowed U.S. MAU growth and lowered engagement year over year as people spent less time online,” Pinterest said.</p><p><blockquote>Pinterest表示：“从3月中旬开始，疫情限制的放松减缓了美国月活跃用户数的增长，并随着人们上网时间的减少，参与度同比下降。”</blockquote></p><p>The online-pinboard company also warned that while it saw good retention in the first quarter of the MAUs it gained during 2020, it is not sure how long the retention will last. Nevertheless, Pinterest&nbsp;projects second-quarter revenue to rise 105% from the prior-year quarter.</p><p><blockquote>这家在线插接板公司还警告说，虽然它在2020年第一季度获得的月活跃用户数保持良好，但不确定这种保持会持续多久。尽管如此，Pinterest预计第二季度收入将比去年同期增长105%。</blockquote></p><p><i>See Also: Thinking About Buying Stock In Pinterest, Ford Or Lordstown?</i></p><p><blockquote><i>另请参阅：考虑购买Pinterest、福特或洛兹敦的股票？</i></blockquote></p><p><b>Why It Matters:</b>Pinterest saw a surge in traffic last year as people spent more time online amid the pandemic restrictions. However, the company’s user growth has slowed this year as the economy reopens.</p><p><blockquote><b>为什么重要：</b>去年，Pinterest的流量激增，因为人们在疫情的限制下花了更多的时间上网。然而，随着经济重新开放，该公司今年的用户增长放缓。</blockquote></p><p>The slowdown in user growth has been offset by the recovery in ad spending this year amid the economic reopening. Pinterest noted that the revenue growth reflected increased adoption from medium and small advertisers.</p><p><blockquote>在经济重新开放的背景下，今年广告支出的复苏抵消了用户增长的放缓。Pinterest指出，收入增长反映了中小型广告商的采用增加。</blockquote></p><p><b>Price Action</b>: Pinterest shares closed 1.1% higher in Monday’s regular trading session at $77.58, but fell almost 11% in the after-hours session to $69.07.</p><p><blockquote><b>价格行为</b>：Pinterest股价在周一常规交易时段收盘上涨1.1%，至77.58美元，但在盘后交易时段下跌近11%，至69.07美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PINS":"Pinterest, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186809886","content_text":"Pinterest fell more than 10% in premarket trading.Q1 net loss of 21.674 million US dollars.Why Pinterest Shares Tanked Despite Q1 Earnings BeatShares ofPinterest Inc.(NYSE:PINS) tumbled almost 11% in Tuesday's extended session despite the social media company reporting first-quarter earnings results that beat Street estimates.What Happened:Pinterest on Tuesday reported a net loss for the first quarter that narrowed significantly to $21.7 million from $141.2 million in the prior-year quarter. Revenue for the quarter surged 78% year-over-year to $485.2 million.However, the image-sharing company’s monthly active users (MAUs) rose by only 30% year-over-year to 478 million in the quarter as COVID-19 pandemic restrictions eased.“Starting in mid-March, the easing of pandemic restrictions slowed U.S. MAU growth and lowered engagement year over year as people spent less time online,” Pinterest said.The online-pinboard company also warned that while it saw good retention in the first quarter of the MAUs it gained during 2020, it is not sure how long the retention will last. Nevertheless, Pinterest projects second-quarter revenue to rise 105% from the prior-year quarter.See Also: Thinking About Buying Stock In Pinterest, Ford Or Lordstown?Why It Matters:Pinterest saw a surge in traffic last year as people spent more time online amid the pandemic restrictions. However, the company’s user growth has slowed this year as the economy reopens.The slowdown in user growth has been offset by the recovery in ad spending this year amid the economic reopening. Pinterest noted that the revenue growth reflected increased adoption from medium and small advertisers.Price Action: Pinterest shares closed 1.1% higher in Monday’s regular trading session at $77.58, but fell almost 11% in the after-hours session to $69.07.","news_type":1,"symbols_score_info":{"PINS":0.9}},"isVote":1,"tweetType":1,"viewCount":2696,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374383198,"gmtCreate":1619419041714,"gmtModify":1631887488906,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Do you guys think Tesla is a buy?","listText":"Do you guys think Tesla is a buy?","text":"Do you guys think Tesla is a buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/374383198","repostId":"2130364766","repostType":4,"repost":{"id":"2130364766","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1619318325,"share":"https://www.laohu8.com/m/news/2130364766?lang=zh_CN&edition=full","pubTime":"2021-04-25 10:38","market":"us","language":"en","title":"What to Expect From Tesla's Q1 Earnings Report On Monday<blockquote>特斯拉周一发布的第一季度收益报告有何期待</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2130364766","media":"Benzinga","summary":"EV giant Tesla, Inc.  is scheduled to release its first-quarter results Monday, after the market close.Key Q1 Metrics to Watch For:  Tesla is expected to report non-GAAP earnings per share, or EPS, of 79 cents in the first quarter of 2021, up sharply from 23 cents in the year-ago quarter.The consensus revenue forecast for the quarter is at $10.29 billion, up 72% year-over-year.Focus On Regulatory Credits, Automotive Margins:  The focus is likely to be on regulatory credits, which accounted for 4","content":"<p><img src=\"https://static.tigerbbs.com/fe458ac1cf82668bd4bf27fbaa6506e5\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>EV giant <b>Tesla, Inc. </b>(NASDAQ: TSLA) is scheduled to release its first-quarter results Monday, after the market close.</p><p><blockquote>巨型EV<b>特斯拉公司。</b>（纳斯达克：TSLA）定于周一收盘后发布第一季度业绩。</blockquote></p><p><b>Key Q1 Metrics to Watch For: </b> Tesla is expected to report non-GAAP earnings per share, or EPS, of 79 cents in the first quarter of 2021, up sharply from 23 cents in the year-ago quarter.</p><p><blockquote><b>第一季度值得关注的关键指标：</b>特斯拉预计2021年第一季度非GAAP每股收益(EPS)为79美分，较去年同期的23美分大幅上升。</blockquote></p><p>The consensus revenue forecast for the quarter is at $10.29 billion, up 72% year-over-year.</p><p><blockquote>该季度的普遍收入预测为102.9亿美元，同比增长72%。</blockquote></p><p>In the fourth quarter, Tesla had earned 80 cents per share on a non-GAAP basis on revenues of $10.74 billion.</p><p><blockquote>第四季度，特斯拉按非公认会计准则计算每股收益80美分，营收为107.4亿美元。</blockquote></p><p>Tesla revealed in early April it delivered a record 184,800 vehicles in the first quarter, comprising 182,780 Model 3/Y vehicles and 2,020 Model S/X vehicles. This represents a 109% year-over-year increase and 2.2% sequential growth. Quarterly production was at 180,338.</p><p><blockquote>特斯拉4月初透露，第一季度交付了创纪录的184,800辆汽车，其中包括182,780辆Model 3/Y汽车和2,020辆Model S/X汽车。这意味着同比增长109%，环比增长2.2%。季度产量为180,338辆。</blockquote></p><p><b>Focus On Regulatory Credits, Automotive Margins: </b> The focus is likely to be on regulatory credits, which accounted for 4.3% of its revenues in the fourth quarter of 2020. Zero-emission vehicle regulations adopted by several states allow EV manufacturers to&nbsp;earn regulatory credits, which can be monetized by selling to legacy automakers, who are not able to achieve the minimum target set for the proportion of green energy vehicles sold.</p><p><blockquote><b>关注监管信贷、汽车利润率：</b>重点可能是监管信贷，该信贷占其2020年第四季度收入的4.3%。多个州采用的零排放汽车法规允许电动汽车制造商获得监管积分，这些积分可以通过向无法实现绿色能源汽车销售比例最低目标的传统汽车制造商销售来货币化。</blockquote></p><p>Automotive gross margin slipped to 24.1% in the fourth quarter of 2020 from 27.7% in the previous quarter. It's likely the company could see a further moderation in margins, as production of the higher priced Model S/X vehicles was stalled in the quarter to allow for model refreshes.</p><p><blockquote>汽车毛利率从上一季度的27.7%下滑至2020年第四季度的24.1%。由于价格较高的Model S/X车辆的生产在本季度暂停以进行车型更新，该公司的利润率可能会进一步放缓。</blockquote></p><p><b>View more earnings on TSLA</b></p><p><blockquote><b>查看特斯拉的更多收益</b></blockquote></p><p>With competitive pressure intensifying, Tesla could aggressively slash vehicles prices in order to achieve volume production targets, long-time Tesla bear Gordon Johnson said in a note previewing the quarterly results.</p><p><blockquote>长期看空特斯拉的Gordon Johnson在一份预览季度业绩的报告中表示，随着竞争压力的加剧，特斯拉可能会大幅削减汽车价格，以实现量产目标。</blockquote></p><p>Tesla investors may also be keen to find out more about the company's Bitcoin investment strategy and its decision to allow the use of Bitcoin for vehicle purchases.</p><p><blockquote>特斯拉投资者可能还热衷于了解更多有关该公司比特币投资战略及其允许使用比特币购买车辆的决定。</blockquote></p><p><b>Forward Outlook:</b> Tesla is well positioned to capitalize on the opportunity presented by the exponential growth that is anticipated for green energy vehicles.<b> </b>Its&nbsp;Giga Shanghai factory is now churning out both Model S and Model Y vehicles, and more capacity is expected to come on line with the opening of factories in Berlin and Texas.</p><p><blockquote><b>前瞻：</b>特斯拉处于有利地位，可以利用绿色能源汽车预期的指数增长所带来的机遇。<b></b>其上海超级工厂目前正在生产Model S和Model Y汽车，随着柏林和德克萨斯州工厂的开业，预计产能将增加。</blockquote></p><p>Tesla's CFO Zach Kirkhorn said on the earnings call that the company is shooting for a 50% compounded annual growth rate in volume sales&nbsp;and expects to materially exceed the target in 2021.</p><p><blockquote>特斯拉首席财务官扎克·柯克霍恩(Zach Kirkhorn)在财报看涨期权上表示，该公司的目标是销量复合年增长率达到50%，预计2021年将大幅超过目标。</blockquote></p><p><b>Stock Take: </b> Tesla's shares, which were flying high until early February, joined the tech sell-off that ensued. From a split-adjusted high of $900.40 on Jan. 25, the stock fell to $539.49 on March 5, a peak-to-trough decline of 40%.</p><p><blockquote><b>盘点：</b>特斯拉的股价在二月初之前一直在飙升，随后加入了科技股的抛售。该股从1月25日拆分调整后的高点900.40美元跌至3月5日的539.49美元，峰谷跌幅为40%。</blockquote></p><p>Although the stock has made good some of the losses since then, it is yet to break above $800 level.</p><p><blockquote>尽管该股此后已经弥补了部分损失，但尚未突破800美元水平。</blockquote></p><p>Tesla holds a several-year lead and is now expanding aggressively into storage, and therefore a premium valuation for its shares is justified, CANACCORD Genuity analyst Jed Dorsheimer said in a recent note. The firm has a $1,071 price target for the stock.</p><p><blockquote>CANACCORD Genuity分析师杰德·多斯海默(Jed Dorsheimer)在最近的一份报告中表示，特斯拉保持了数年的领先地位，目前正在积极向存储领域扩张，因此其股票的溢价估值是合理的。该公司对该股的目标价为1,071美元。</blockquote></p><p>Friday, Tesla's shares ended 1.35% higher at $729.40.</p><p><blockquote>周五，特斯拉股价收盘上涨1.35%，至729.40美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What to Expect From Tesla's Q1 Earnings Report On Monday<blockquote>特斯拉周一发布的第一季度收益报告有何期待</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat to Expect From Tesla's Q1 Earnings Report On Monday<blockquote>特斯拉周一发布的第一季度收益报告有何期待</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-04-25 10:38</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/fe458ac1cf82668bd4bf27fbaa6506e5\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>EV giant <b>Tesla, Inc. </b>(NASDAQ: TSLA) is scheduled to release its first-quarter results Monday, after the market close.</p><p><blockquote>巨型EV<b>特斯拉公司。</b>（纳斯达克：TSLA）定于周一收盘后发布第一季度业绩。</blockquote></p><p><b>Key Q1 Metrics to Watch For: </b> Tesla is expected to report non-GAAP earnings per share, or EPS, of 79 cents in the first quarter of 2021, up sharply from 23 cents in the year-ago quarter.</p><p><blockquote><b>第一季度值得关注的关键指标：</b>特斯拉预计2021年第一季度非GAAP每股收益(EPS)为79美分，较去年同期的23美分大幅上升。</blockquote></p><p>The consensus revenue forecast for the quarter is at $10.29 billion, up 72% year-over-year.</p><p><blockquote>该季度的普遍收入预测为102.9亿美元，同比增长72%。</blockquote></p><p>In the fourth quarter, Tesla had earned 80 cents per share on a non-GAAP basis on revenues of $10.74 billion.</p><p><blockquote>第四季度，特斯拉按非公认会计准则计算每股收益80美分，营收为107.4亿美元。</blockquote></p><p>Tesla revealed in early April it delivered a record 184,800 vehicles in the first quarter, comprising 182,780 Model 3/Y vehicles and 2,020 Model S/X vehicles. This represents a 109% year-over-year increase and 2.2% sequential growth. Quarterly production was at 180,338.</p><p><blockquote>特斯拉4月初透露，第一季度交付了创纪录的184,800辆汽车，其中包括182,780辆Model 3/Y汽车和2,020辆Model S/X汽车。这意味着同比增长109%，环比增长2.2%。季度产量为180,338辆。</blockquote></p><p><b>Focus On Regulatory Credits, Automotive Margins: </b> The focus is likely to be on regulatory credits, which accounted for 4.3% of its revenues in the fourth quarter of 2020. Zero-emission vehicle regulations adopted by several states allow EV manufacturers to&nbsp;earn regulatory credits, which can be monetized by selling to legacy automakers, who are not able to achieve the minimum target set for the proportion of green energy vehicles sold.</p><p><blockquote><b>关注监管信贷、汽车利润率：</b>重点可能是监管信贷，该信贷占其2020年第四季度收入的4.3%。多个州采用的零排放汽车法规允许电动汽车制造商获得监管积分，这些积分可以通过向无法实现绿色能源汽车销售比例最低目标的传统汽车制造商销售来货币化。</blockquote></p><p>Automotive gross margin slipped to 24.1% in the fourth quarter of 2020 from 27.7% in the previous quarter. It's likely the company could see a further moderation in margins, as production of the higher priced Model S/X vehicles was stalled in the quarter to allow for model refreshes.</p><p><blockquote>汽车毛利率从上一季度的27.7%下滑至2020年第四季度的24.1%。由于价格较高的Model S/X车辆的生产在本季度暂停以进行车型更新，该公司的利润率可能会进一步放缓。</blockquote></p><p><b>View more earnings on TSLA</b></p><p><blockquote><b>查看特斯拉的更多收益</b></blockquote></p><p>With competitive pressure intensifying, Tesla could aggressively slash vehicles prices in order to achieve volume production targets, long-time Tesla bear Gordon Johnson said in a note previewing the quarterly results.</p><p><blockquote>长期看空特斯拉的Gordon Johnson在一份预览季度业绩的报告中表示，随着竞争压力的加剧，特斯拉可能会大幅削减汽车价格，以实现量产目标。</blockquote></p><p>Tesla investors may also be keen to find out more about the company's Bitcoin investment strategy and its decision to allow the use of Bitcoin for vehicle purchases.</p><p><blockquote>特斯拉投资者可能还热衷于了解更多有关该公司比特币投资战略及其允许使用比特币购买车辆的决定。</blockquote></p><p><b>Forward Outlook:</b> Tesla is well positioned to capitalize on the opportunity presented by the exponential growth that is anticipated for green energy vehicles.<b> </b>Its&nbsp;Giga Shanghai factory is now churning out both Model S and Model Y vehicles, and more capacity is expected to come on line with the opening of factories in Berlin and Texas.</p><p><blockquote><b>前瞻：</b>特斯拉处于有利地位，可以利用绿色能源汽车预期的指数增长所带来的机遇。<b></b>其上海超级工厂目前正在生产Model S和Model Y汽车，随着柏林和德克萨斯州工厂的开业，预计产能将增加。</blockquote></p><p>Tesla's CFO Zach Kirkhorn said on the earnings call that the company is shooting for a 50% compounded annual growth rate in volume sales&nbsp;and expects to materially exceed the target in 2021.</p><p><blockquote>特斯拉首席财务官扎克·柯克霍恩(Zach Kirkhorn)在财报看涨期权上表示，该公司的目标是销量复合年增长率达到50%，预计2021年将大幅超过目标。</blockquote></p><p><b>Stock Take: </b> Tesla's shares, which were flying high until early February, joined the tech sell-off that ensued. From a split-adjusted high of $900.40 on Jan. 25, the stock fell to $539.49 on March 5, a peak-to-trough decline of 40%.</p><p><blockquote><b>盘点：</b>特斯拉的股价在二月初之前一直在飙升，随后加入了科技股的抛售。该股从1月25日拆分调整后的高点900.40美元跌至3月5日的539.49美元，峰谷跌幅为40%。</blockquote></p><p>Although the stock has made good some of the losses since then, it is yet to break above $800 level.</p><p><blockquote>尽管该股此后已经弥补了部分损失，但尚未突破800美元水平。</blockquote></p><p>Tesla holds a several-year lead and is now expanding aggressively into storage, and therefore a premium valuation for its shares is justified, CANACCORD Genuity analyst Jed Dorsheimer said in a recent note. The firm has a $1,071 price target for the stock.</p><p><blockquote>CANACCORD Genuity分析师杰德·多斯海默(Jed Dorsheimer)在最近的一份报告中表示，特斯拉保持了数年的领先地位，目前正在积极向存储领域扩张，因此其股票的溢价估值是合理的。该公司对该股的目标价为1,071美元。</blockquote></p><p>Friday, Tesla's shares ended 1.35% higher at $729.40.</p><p><blockquote>周五，特斯拉股价收盘上涨1.35%，至729.40美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2130364766","content_text":"EV giant Tesla, Inc. (NASDAQ: TSLA) is scheduled to release its first-quarter results Monday, after the market close.Key Q1 Metrics to Watch For:  Tesla is expected to report non-GAAP earnings per share, or EPS, of 79 cents in the first quarter of 2021, up sharply from 23 cents in the year-ago quarter.The consensus revenue forecast for the quarter is at $10.29 billion, up 72% year-over-year.In the fourth quarter, Tesla had earned 80 cents per share on a non-GAAP basis on revenues of $10.74 billion.Tesla revealed in early April it delivered a record 184,800 vehicles in the first quarter, comprising 182,780 Model 3/Y vehicles and 2,020 Model S/X vehicles. This represents a 109% year-over-year increase and 2.2% sequential growth. Quarterly production was at 180,338.Focus On Regulatory Credits, Automotive Margins:  The focus is likely to be on regulatory credits, which accounted for 4.3% of its revenues in the fourth quarter of 2020. Zero-emission vehicle regulations adopted by several states allow EV manufacturers to earn regulatory credits, which can be monetized by selling to legacy automakers, who are not able to achieve the minimum target set for the proportion of green energy vehicles sold.Automotive gross margin slipped to 24.1% in the fourth quarter of 2020 from 27.7% in the previous quarter. It's likely the company could see a further moderation in margins, as production of the higher priced Model S/X vehicles was stalled in the quarter to allow for model refreshes.View more earnings on TSLAWith competitive pressure intensifying, Tesla could aggressively slash vehicles prices in order to achieve volume production targets, long-time Tesla bear Gordon Johnson said in a note previewing the quarterly results.Tesla investors may also be keen to find out more about the company's Bitcoin investment strategy and its decision to allow the use of Bitcoin for vehicle purchases.Forward Outlook: Tesla is well positioned to capitalize on the opportunity presented by the exponential growth that is anticipated for green energy vehicles. Its Giga Shanghai factory is now churning out both Model S and Model Y vehicles, and more capacity is expected to come on line with the opening of factories in Berlin and Texas.Tesla's CFO Zach Kirkhorn said on the earnings call that the company is shooting for a 50% compounded annual growth rate in volume sales and expects to materially exceed the target in 2021.Stock Take:  Tesla's shares, which were flying high until early February, joined the tech sell-off that ensued. From a split-adjusted high of $900.40 on Jan. 25, the stock fell to $539.49 on March 5, a peak-to-trough decline of 40%.Although the stock has made good some of the losses since then, it is yet to break above $800 level.Tesla holds a several-year lead and is now expanding aggressively into storage, and therefore a premium valuation for its shares is justified, CANACCORD Genuity analyst Jed Dorsheimer said in a recent note. The firm has a $1,071 price target for the stock.Friday, Tesla's shares ended 1.35% higher at $729.40.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2944,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372980094,"gmtCreate":1619168050318,"gmtModify":1631887488922,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Unlike :(","listText":"Unlike :(","text":"Unlike :(","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/372980094","repostId":"1128911279","repostType":4,"isVote":1,"tweetType":1,"viewCount":1741,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376840848,"gmtCreate":1619104426684,"gmtModify":1631887488930,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Pick up yr act boeing!!","listText":"Pick up yr act boeing!!","text":"Pick up yr act boeing!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/376840848","repostId":"2129380706","repostType":4,"isVote":1,"tweetType":1,"viewCount":1148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378604548,"gmtCreate":1619019713784,"gmtModify":1631887488941,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Go!","listText":"Go!","text":"Go!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/378604548","repostId":"1121285528","repostType":4,"isVote":1,"tweetType":1,"viewCount":1516,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371868224,"gmtCreate":1618927379268,"gmtModify":1631887488952,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Like please? :)","listText":"Like please? :)","text":"Like please? :)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/371868224","repostId":"1186349790","repostType":4,"isVote":1,"tweetType":1,"viewCount":1052,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373822627,"gmtCreate":1618839894269,"gmtModify":1631889869282,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Noooo","listText":"Noooo","text":"Noooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/373822627","repostId":"1168027310","repostType":4,"repost":{"id":"1168027310","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":1618839138,"share":"https://www.laohu8.com/m/news/1168027310?lang=zh_CN&edition=full","pubTime":"2021-04-19 21:32","market":"us","language":"en","title":"Dow and S&P 500 slip from record highs, tech shares lead losses.<blockquote>道琼斯指数和标普500指数从历史高点下滑，科技股领跌。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1168027310","media":"Tiger Newspress","summary":"U.S. stocks dipped from record levels to start the week on Monday as the weakness in the technology ","content":"<p>U.S. stocks dipped from record levels to start the week on Monday as the weakness in the technology sector weighed on the broader market.</p><p><blockquote>由于科技板块的疲软打压了大盘，美国股市周一从创纪录水平下跌。</blockquote></p><p><img src=\"https://static.tigerbbs.com/ff9931f9d52193c5e8d863287043ae26\" tg-width=\"361\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Futures contracts tied to the Dow slid 75 points. S&amp;P 500 futures shed 0.2%. Nasdaq-100 futures were flat. The S&amp;P 500 and Dow Jones Industrial Average closed atrecord highs on Friday.</p><p><blockquote>与道琼斯指数挂钩的期货合约下跌75点。标普500期货下跌0.2%。纳斯达克100指数期货持平。标普500和道琼斯工业平均指数周五收于历史新高。</blockquote></p><p>Bitcoin was slammed over the weekendafter hitting an all-time high of $64,841 Wednesday morning, according to data from Coin Metrics. At one point, it was down 19% from that record over the weekend before recovering. The cryptocurrency was last at $56,794 on Monday.</p><p><blockquote>根据Coin Metrics的数据，比特币在周三上午触及64,841美元的历史高点后，周末遭受重创。在回升之前，该指数一度较周末的纪录下跌了19%。该加密货币周一最后报56,794美元。</blockquote></p><p>Tesla, a holder of bitcoin, was down 1.5% in premarket trading Monday. Coinbase, which just made its public debut last week, was down by 2% in early trading.</p><p><blockquote>比特币持有者特斯拉周一盘前交易中下跌1.5%。上周刚刚上市的Coinbase早盘下跌2%。</blockquote></p><p>Bank shares were lower in early trading Monday as investors continued to take profits following big earnings from the group last week. Bank of America, Wells Fargo and Citigroup were all lower in premarket trading.</p><p><blockquote>银行股周一早盘走低，因投资者在该集团上周大幅盈利后继续获利了结。美国银行、富国银行和花旗集团在盘前交易中均走低。</blockquote></p><p>Coca-Cola shares rose more than 1% in premarket trading after the consumer giant reportedbetter-than-expected earnings and revenue. The company also said demand in March has returned to pre-pandemic levels.</p><p><blockquote>在消费巨头可口可乐公布好于预期的盈利和收入后，该公司股价在盘前交易中上涨超过1%。该公司还表示，3月份的需求已恢复到大流行前的水平。</blockquote></p><p>Stocks are coming off a week of gains as earnings topped estimates and strong economic data lifted the major averages. The S&amp;P and Dow advanced 1.38% and 1.18% last week respectively for their fourth straight week of gains, while the Nasdaq Composite posted its third positive week in a row.</p><p><blockquote>由于盈利超出预期且强劲的经济数据提振了主要股指，股市正在结束一周的涨幅。标准普尔指数和道琼斯指数上周分别上涨1.38%和1.18%，连续第四周上涨，而纳斯达克综合指数则连续第三周上涨。</blockquote></p><p>Despite stocks trading around record levels, UBS on Friday lifted its forecast for the year. The firm now envisions the S&amp;P 500 ending 2021 at 4,400, which is roughly 5% above where the benchmark index closed on Friday.</p><p><blockquote>尽管股市交易处于创纪录水平，瑞银周五仍上调了今年的预期。该公司目前预计2021年标普500将达到4,400点，比基准指数周五收盘价高出约5%。</blockquote></p><p>\"While investing at all-time highs may be daunting for some, we believe there is more upside ahead,\" the firm wrote in a note to clients. \"Following two rounds of stimulus deployed in the quarter and the ongoing vaccination effort, there is growing evidence that U.S. economic activity is picking up. The latest jobs data, business sentiment readings, and retail sales all point to a strong recovery.\"</p><p><blockquote>该公司在给客户的一份报告中写道：“虽然在历史高点进行投资可能会让一些人望而生畏，但我们相信未来还有更多上涨空间。”“在本季度部署了两轮刺激措施和正在进行的疫苗接种工作之后，越来越多的证据表明美国经济活动正在回升。最新的就业数据、商业信心读数和零售销售都表明强劲复苏。”</blockquote></p><p>The Russell 1000 Growth index has outperformed over the last month, gaining 10% compared to the Russell 1000 Value index's 4% rise, clawing back some of the recent losses after a jump in yields sparked a rotation out of technology and growth-oriented areas of the market.</p><p><blockquote>罗素1000增长指数上个月表现出色，上涨10%，而罗素1000价值指数上涨4%，收复了近期的部分跌幅，此前收益率飙升引发了技术和增长型领域的轮动。市场。</blockquote></p><p>Over the last three months value stocks are still outperforming, however, and Bank of America believes there's more upside ahead for the group. On Friday analysts at the firm said to \"stick with value,\" noting that it still trades at a \"steep discount vs. growth despite the recent strength.\"</p><p><blockquote>然而，在过去三个月中，价值股的表现仍然优于大盘，美国银行认为该集团未来还有更多上涨空间。周五，该公司分析师表示“坚持价值”，并指出该公司的交易价格“尽管近期表现强劲，但与增长相比仍存在大幅折扣”。</blockquote></p><p>On the coronavirus front, White House chief medical advisor Dr. Anthony Fauci said he expects the U.S. willresume administration of the Johnson &amp; Johnson vaccine. The Food and Drug Administration asked states last week to temporarily halt using the single dose vaccine \"out of an abundance of caution\" after six women developed a rare blood-clotting disorder.</p><p><blockquote>在冠状病毒方面，白宫首席医疗顾问安东尼·福奇博士表示，他预计美国将恢复强生疫苗的管理。在六名女性患上罕见的凝血障碍后，美国食品和药物管理局上周要求各州“出于高度谨慎”暂时停止使用单剂量疫苗。</blockquote></p><p>\"My estimate is that we will continue to use it in some form,\" Fauci said Sunday during an interview on NBC's \"Meet the Press.\" \"I doubt very seriously if they just cancel it. I don't think that's going to happen. I do think that there will likely be some sort of warning or restriction or risk assessment.\"</p><p><blockquote>“我估计我们将继续以某种形式使用它，”福奇周日在接受美国全国广播公司“会见新闻界”节目采访时表示。“我非常怀疑他们是否会取消它。我认为这不会发生。我确实认为可能会有某种警告、限制或风险评估。”</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>Dow and S&P 500 slip from record highs, tech shares lead losses.<blockquote>道琼斯指数和标普500指数从历史高点下滑，科技股领跌。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow and S&P 500 slip from record highs, tech shares lead losses.<blockquote>道琼斯指数和标普500指数从历史高点下滑，科技股领跌。</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\">2021-04-19 21:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stocks dipped from record levels to start the week on Monday as the weakness in the technology sector weighed on the broader market.</p><p><blockquote>由于科技板块的疲软打压了大盘，美国股市周一从创纪录水平下跌。</blockquote></p><p><img src=\"https://static.tigerbbs.com/ff9931f9d52193c5e8d863287043ae26\" tg-width=\"361\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Futures contracts tied to the Dow slid 75 points. S&amp;P 500 futures shed 0.2%. Nasdaq-100 futures were flat. The S&amp;P 500 and Dow Jones Industrial Average closed atrecord highs on Friday.</p><p><blockquote>与道琼斯指数挂钩的期货合约下跌75点。标普500期货下跌0.2%。纳斯达克100指数期货持平。标普500和道琼斯工业平均指数周五收于历史新高。</blockquote></p><p>Bitcoin was slammed over the weekendafter hitting an all-time high of $64,841 Wednesday morning, according to data from Coin Metrics. At one point, it was down 19% from that record over the weekend before recovering. The cryptocurrency was last at $56,794 on Monday.</p><p><blockquote>根据Coin Metrics的数据，比特币在周三上午触及64,841美元的历史高点后，周末遭受重创。在回升之前，该指数一度较周末的纪录下跌了19%。该加密货币周一最后报56,794美元。</blockquote></p><p>Tesla, a holder of bitcoin, was down 1.5% in premarket trading Monday. Coinbase, which just made its public debut last week, was down by 2% in early trading.</p><p><blockquote>比特币持有者特斯拉周一盘前交易中下跌1.5%。上周刚刚上市的Coinbase早盘下跌2%。</blockquote></p><p>Bank shares were lower in early trading Monday as investors continued to take profits following big earnings from the group last week. Bank of America, Wells Fargo and Citigroup were all lower in premarket trading.</p><p><blockquote>银行股周一早盘走低，因投资者在该集团上周大幅盈利后继续获利了结。美国银行、富国银行和花旗集团在盘前交易中均走低。</blockquote></p><p>Coca-Cola shares rose more than 1% in premarket trading after the consumer giant reportedbetter-than-expected earnings and revenue. The company also said demand in March has returned to pre-pandemic levels.</p><p><blockquote>在消费巨头可口可乐公布好于预期的盈利和收入后，该公司股价在盘前交易中上涨超过1%。该公司还表示，3月份的需求已恢复到大流行前的水平。</blockquote></p><p>Stocks are coming off a week of gains as earnings topped estimates and strong economic data lifted the major averages. The S&amp;P and Dow advanced 1.38% and 1.18% last week respectively for their fourth straight week of gains, while the Nasdaq Composite posted its third positive week in a row.</p><p><blockquote>由于盈利超出预期且强劲的经济数据提振了主要股指，股市正在结束一周的涨幅。标准普尔指数和道琼斯指数上周分别上涨1.38%和1.18%，连续第四周上涨，而纳斯达克综合指数则连续第三周上涨。</blockquote></p><p>Despite stocks trading around record levels, UBS on Friday lifted its forecast for the year. The firm now envisions the S&amp;P 500 ending 2021 at 4,400, which is roughly 5% above where the benchmark index closed on Friday.</p><p><blockquote>尽管股市交易处于创纪录水平，瑞银周五仍上调了今年的预期。该公司目前预计2021年标普500将达到4,400点，比基准指数周五收盘价高出约5%。</blockquote></p><p>\"While investing at all-time highs may be daunting for some, we believe there is more upside ahead,\" the firm wrote in a note to clients. \"Following two rounds of stimulus deployed in the quarter and the ongoing vaccination effort, there is growing evidence that U.S. economic activity is picking up. The latest jobs data, business sentiment readings, and retail sales all point to a strong recovery.\"</p><p><blockquote>该公司在给客户的一份报告中写道：“虽然在历史高点进行投资可能会让一些人望而生畏，但我们相信未来还有更多上涨空间。”“在本季度部署了两轮刺激措施和正在进行的疫苗接种工作之后，越来越多的证据表明美国经济活动正在回升。最新的就业数据、商业信心读数和零售销售都表明强劲复苏。”</blockquote></p><p>The Russell 1000 Growth index has outperformed over the last month, gaining 10% compared to the Russell 1000 Value index's 4% rise, clawing back some of the recent losses after a jump in yields sparked a rotation out of technology and growth-oriented areas of the market.</p><p><blockquote>罗素1000增长指数上个月表现出色，上涨10%，而罗素1000价值指数上涨4%，收复了近期的部分跌幅，此前收益率飙升引发了技术和增长型领域的轮动。市场。</blockquote></p><p>Over the last three months value stocks are still outperforming, however, and Bank of America believes there's more upside ahead for the group. On Friday analysts at the firm said to \"stick with value,\" noting that it still trades at a \"steep discount vs. growth despite the recent strength.\"</p><p><blockquote>然而，在过去三个月中，价值股的表现仍然优于大盘，美国银行认为该集团未来还有更多上涨空间。周五，该公司分析师表示“坚持价值”，并指出该公司的交易价格“尽管近期表现强劲，但与增长相比仍存在大幅折扣”。</blockquote></p><p>On the coronavirus front, White House chief medical advisor Dr. Anthony Fauci said he expects the U.S. willresume administration of the Johnson &amp; Johnson vaccine. The Food and Drug Administration asked states last week to temporarily halt using the single dose vaccine \"out of an abundance of caution\" after six women developed a rare blood-clotting disorder.</p><p><blockquote>在冠状病毒方面，白宫首席医疗顾问安东尼·福奇博士表示，他预计美国将恢复强生疫苗的管理。在六名女性患上罕见的凝血障碍后，美国食品和药物管理局上周要求各州“出于高度谨慎”暂时停止使用单剂量疫苗。</blockquote></p><p>\"My estimate is that we will continue to use it in some form,\" Fauci said Sunday during an interview on NBC's \"Meet the Press.\" \"I doubt very seriously if they just cancel it. I don't think that's going to happen. I do think that there will likely be some sort of warning or restriction or risk assessment.\"</p><p><blockquote>“我估计我们将继续以某种形式使用它，”福奇周日在接受美国全国广播公司“会见新闻界”节目采访时表示。“我非常怀疑他们是否会取消它。我认为这不会发生。我确实认为可能会有某种警告、限制或风险评估。”</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168027310","content_text":"U.S. stocks dipped from record levels to start the week on Monday as the weakness in the technology sector weighed on the broader market.Futures contracts tied to the Dow slid 75 points. S&P 500 futures shed 0.2%. Nasdaq-100 futures were flat. The S&P 500 and Dow Jones Industrial Average closed atrecord highs on Friday.Bitcoin was slammed over the weekendafter hitting an all-time high of $64,841 Wednesday morning, according to data from Coin Metrics. At one point, it was down 19% from that record over the weekend before recovering. The cryptocurrency was last at $56,794 on Monday.Tesla, a holder of bitcoin, was down 1.5% in premarket trading Monday. Coinbase, which just made its public debut last week, was down by 2% in early trading.Bank shares were lower in early trading Monday as investors continued to take profits following big earnings from the group last week. Bank of America, Wells Fargo and Citigroup were all lower in premarket trading.Coca-Cola shares rose more than 1% in premarket trading after the consumer giant reportedbetter-than-expected earnings and revenue. The company also said demand in March has returned to pre-pandemic levels.Stocks are coming off a week of gains as earnings topped estimates and strong economic data lifted the major averages. The S&P and Dow advanced 1.38% and 1.18% last week respectively for their fourth straight week of gains, while the Nasdaq Composite posted its third positive week in a row.Despite stocks trading around record levels, UBS on Friday lifted its forecast for the year. The firm now envisions the S&P 500 ending 2021 at 4,400, which is roughly 5% above where the benchmark index closed on Friday.\"While investing at all-time highs may be daunting for some, we believe there is more upside ahead,\" the firm wrote in a note to clients. \"Following two rounds of stimulus deployed in the quarter and the ongoing vaccination effort, there is growing evidence that U.S. economic activity is picking up. The latest jobs data, business sentiment readings, and retail sales all point to a strong recovery.\"The Russell 1000 Growth index has outperformed over the last month, gaining 10% compared to the Russell 1000 Value index's 4% rise, clawing back some of the recent losses after a jump in yields sparked a rotation out of technology and growth-oriented areas of the market.Over the last three months value stocks are still outperforming, however, and Bank of America believes there's more upside ahead for the group. On Friday analysts at the firm said to \"stick with value,\" noting that it still trades at a \"steep discount vs. growth despite the recent strength.\"On the coronavirus front, White House chief medical advisor Dr. Anthony Fauci said he expects the U.S. willresume administration of the Johnson & Johnson vaccine. The Food and Drug Administration asked states last week to temporarily halt using the single dose vaccine \"out of an abundance of caution\" after six women developed a rare blood-clotting disorder.\"My estimate is that we will continue to use it in some form,\" Fauci said Sunday during an interview on NBC's \"Meet the Press.\" \"I doubt very seriously if they just cancel it. I don't think that's going to happen. I do think that there will likely be some sort of warning or restriction or risk assessment.\"","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":516,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373826129,"gmtCreate":1618839851061,"gmtModify":1631889869285,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Noooo","listText":"Noooo","text":"Noooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/373826129","repostId":"1168027310","repostType":4,"repost":{"id":"1168027310","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":1618839138,"share":"https://www.laohu8.com/m/news/1168027310?lang=zh_CN&edition=full","pubTime":"2021-04-19 21:32","market":"us","language":"en","title":"Dow and S&P 500 slip from record highs, tech shares lead losses.<blockquote>道琼斯指数和标普500指数从历史高点下滑，科技股领跌。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1168027310","media":"Tiger Newspress","summary":"U.S. stocks dipped from record levels to start the week on Monday as the weakness in the technology ","content":"<p>U.S. stocks dipped from record levels to start the week on Monday as the weakness in the technology sector weighed on the broader market.</p><p><blockquote>由于科技板块的疲软打压了大盘，美国股市周一从创纪录水平下跌。</blockquote></p><p><img src=\"https://static.tigerbbs.com/ff9931f9d52193c5e8d863287043ae26\" tg-width=\"361\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Futures contracts tied to the Dow slid 75 points. S&amp;P 500 futures shed 0.2%. Nasdaq-100 futures were flat. The S&amp;P 500 and Dow Jones Industrial Average closed atrecord highs on Friday.</p><p><blockquote>与道琼斯指数挂钩的期货合约下跌75点。标普500期货下跌0.2%。纳斯达克100指数期货持平。标普500和道琼斯工业平均指数周五收于历史新高。</blockquote></p><p>Bitcoin was slammed over the weekendafter hitting an all-time high of $64,841 Wednesday morning, according to data from Coin Metrics. At one point, it was down 19% from that record over the weekend before recovering. The cryptocurrency was last at $56,794 on Monday.</p><p><blockquote>根据Coin Metrics的数据，比特币在周三上午触及64,841美元的历史高点后，周末遭受重创。在回升之前，该指数一度较周末的纪录下跌了19%。该加密货币周一最后报56,794美元。</blockquote></p><p>Tesla, a holder of bitcoin, was down 1.5% in premarket trading Monday. Coinbase, which just made its public debut last week, was down by 2% in early trading.</p><p><blockquote>比特币持有者特斯拉周一盘前交易中下跌1.5%。上周刚刚上市的Coinbase早盘下跌2%。</blockquote></p><p>Bank shares were lower in early trading Monday as investors continued to take profits following big earnings from the group last week. Bank of America, Wells Fargo and Citigroup were all lower in premarket trading.</p><p><blockquote>银行股周一早盘走低，因投资者在该集团上周大幅盈利后继续获利了结。美国银行、富国银行和花旗集团在盘前交易中均走低。</blockquote></p><p>Coca-Cola shares rose more than 1% in premarket trading after the consumer giant reportedbetter-than-expected earnings and revenue. The company also said demand in March has returned to pre-pandemic levels.</p><p><blockquote>在消费巨头可口可乐公布好于预期的盈利和收入后，该公司股价在盘前交易中上涨超过1%。该公司还表示，3月份的需求已恢复到大流行前的水平。</blockquote></p><p>Stocks are coming off a week of gains as earnings topped estimates and strong economic data lifted the major averages. The S&amp;P and Dow advanced 1.38% and 1.18% last week respectively for their fourth straight week of gains, while the Nasdaq Composite posted its third positive week in a row.</p><p><blockquote>由于盈利超出预期且强劲的经济数据提振了主要股指，股市正在结束一周的涨幅。标准普尔指数和道琼斯指数上周分别上涨1.38%和1.18%，连续第四周上涨，而纳斯达克综合指数则连续第三周上涨。</blockquote></p><p>Despite stocks trading around record levels, UBS on Friday lifted its forecast for the year. The firm now envisions the S&amp;P 500 ending 2021 at 4,400, which is roughly 5% above where the benchmark index closed on Friday.</p><p><blockquote>尽管股市交易处于创纪录水平，瑞银周五仍上调了今年的预期。该公司目前预计2021年标普500将达到4,400点，比基准指数周五收盘价高出约5%。</blockquote></p><p>\"While investing at all-time highs may be daunting for some, we believe there is more upside ahead,\" the firm wrote in a note to clients. \"Following two rounds of stimulus deployed in the quarter and the ongoing vaccination effort, there is growing evidence that U.S. economic activity is picking up. The latest jobs data, business sentiment readings, and retail sales all point to a strong recovery.\"</p><p><blockquote>该公司在给客户的一份报告中写道：“虽然在历史高点进行投资可能会让一些人望而生畏，但我们相信未来还有更多上涨空间。”“在本季度部署了两轮刺激措施和正在进行的疫苗接种工作之后，越来越多的证据表明美国经济活动正在回升。最新的就业数据、商业信心读数和零售销售都表明强劲复苏。”</blockquote></p><p>The Russell 1000 Growth index has outperformed over the last month, gaining 10% compared to the Russell 1000 Value index's 4% rise, clawing back some of the recent losses after a jump in yields sparked a rotation out of technology and growth-oriented areas of the market.</p><p><blockquote>罗素1000增长指数上个月表现出色，上涨10%，而罗素1000价值指数上涨4%，收复了近期的部分跌幅，此前收益率飙升引发了技术和增长型领域的轮动。市场。</blockquote></p><p>Over the last three months value stocks are still outperforming, however, and Bank of America believes there's more upside ahead for the group. On Friday analysts at the firm said to \"stick with value,\" noting that it still trades at a \"steep discount vs. growth despite the recent strength.\"</p><p><blockquote>然而，在过去三个月中，价值股的表现仍然优于大盘，美国银行认为该集团未来还有更多上涨空间。周五，该公司分析师表示“坚持价值”，并指出该公司的交易价格“尽管近期表现强劲，但与增长相比仍存在大幅折扣”。</blockquote></p><p>On the coronavirus front, White House chief medical advisor Dr. Anthony Fauci said he expects the U.S. willresume administration of the Johnson &amp; Johnson vaccine. The Food and Drug Administration asked states last week to temporarily halt using the single dose vaccine \"out of an abundance of caution\" after six women developed a rare blood-clotting disorder.</p><p><blockquote>在冠状病毒方面，白宫首席医疗顾问安东尼·福奇博士表示，他预计美国将恢复强生疫苗的管理。在六名女性患上罕见的凝血障碍后，美国食品和药物管理局上周要求各州“出于高度谨慎”暂时停止使用单剂量疫苗。</blockquote></p><p>\"My estimate is that we will continue to use it in some form,\" Fauci said Sunday during an interview on NBC's \"Meet the Press.\" \"I doubt very seriously if they just cancel it. I don't think that's going to happen. I do think that there will likely be some sort of warning or restriction or risk assessment.\"</p><p><blockquote>“我估计我们将继续以某种形式使用它，”福奇周日在接受美国全国广播公司“会见新闻界”节目采访时表示。“我非常怀疑他们是否会取消它。我认为这不会发生。我确实认为可能会有某种警告、限制或风险评估。”</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>Dow and S&P 500 slip from record highs, tech shares lead losses.<blockquote>道琼斯指数和标普500指数从历史高点下滑，科技股领跌。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow and S&P 500 slip from record highs, tech shares lead losses.<blockquote>道琼斯指数和标普500指数从历史高点下滑，科技股领跌。</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\">2021-04-19 21:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stocks dipped from record levels to start the week on Monday as the weakness in the technology sector weighed on the broader market.</p><p><blockquote>由于科技板块的疲软打压了大盘，美国股市周一从创纪录水平下跌。</blockquote></p><p><img src=\"https://static.tigerbbs.com/ff9931f9d52193c5e8d863287043ae26\" tg-width=\"361\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Futures contracts tied to the Dow slid 75 points. S&amp;P 500 futures shed 0.2%. Nasdaq-100 futures were flat. The S&amp;P 500 and Dow Jones Industrial Average closed atrecord highs on Friday.</p><p><blockquote>与道琼斯指数挂钩的期货合约下跌75点。标普500期货下跌0.2%。纳斯达克100指数期货持平。标普500和道琼斯工业平均指数周五收于历史新高。</blockquote></p><p>Bitcoin was slammed over the weekendafter hitting an all-time high of $64,841 Wednesday morning, according to data from Coin Metrics. At one point, it was down 19% from that record over the weekend before recovering. The cryptocurrency was last at $56,794 on Monday.</p><p><blockquote>根据Coin Metrics的数据，比特币在周三上午触及64,841美元的历史高点后，周末遭受重创。在回升之前，该指数一度较周末的纪录下跌了19%。该加密货币周一最后报56,794美元。</blockquote></p><p>Tesla, a holder of bitcoin, was down 1.5% in premarket trading Monday. Coinbase, which just made its public debut last week, was down by 2% in early trading.</p><p><blockquote>比特币持有者特斯拉周一盘前交易中下跌1.5%。上周刚刚上市的Coinbase早盘下跌2%。</blockquote></p><p>Bank shares were lower in early trading Monday as investors continued to take profits following big earnings from the group last week. Bank of America, Wells Fargo and Citigroup were all lower in premarket trading.</p><p><blockquote>银行股周一早盘走低，因投资者在该集团上周大幅盈利后继续获利了结。美国银行、富国银行和花旗集团在盘前交易中均走低。</blockquote></p><p>Coca-Cola shares rose more than 1% in premarket trading after the consumer giant reportedbetter-than-expected earnings and revenue. The company also said demand in March has returned to pre-pandemic levels.</p><p><blockquote>在消费巨头可口可乐公布好于预期的盈利和收入后，该公司股价在盘前交易中上涨超过1%。该公司还表示，3月份的需求已恢复到大流行前的水平。</blockquote></p><p>Stocks are coming off a week of gains as earnings topped estimates and strong economic data lifted the major averages. The S&amp;P and Dow advanced 1.38% and 1.18% last week respectively for their fourth straight week of gains, while the Nasdaq Composite posted its third positive week in a row.</p><p><blockquote>由于盈利超出预期且强劲的经济数据提振了主要股指，股市正在结束一周的涨幅。标准普尔指数和道琼斯指数上周分别上涨1.38%和1.18%，连续第四周上涨，而纳斯达克综合指数则连续第三周上涨。</blockquote></p><p>Despite stocks trading around record levels, UBS on Friday lifted its forecast for the year. The firm now envisions the S&amp;P 500 ending 2021 at 4,400, which is roughly 5% above where the benchmark index closed on Friday.</p><p><blockquote>尽管股市交易处于创纪录水平，瑞银周五仍上调了今年的预期。该公司目前预计2021年标普500将达到4,400点，比基准指数周五收盘价高出约5%。</blockquote></p><p>\"While investing at all-time highs may be daunting for some, we believe there is more upside ahead,\" the firm wrote in a note to clients. \"Following two rounds of stimulus deployed in the quarter and the ongoing vaccination effort, there is growing evidence that U.S. economic activity is picking up. The latest jobs data, business sentiment readings, and retail sales all point to a strong recovery.\"</p><p><blockquote>该公司在给客户的一份报告中写道：“虽然在历史高点进行投资可能会让一些人望而生畏，但我们相信未来还有更多上涨空间。”“在本季度部署了两轮刺激措施和正在进行的疫苗接种工作之后，越来越多的证据表明美国经济活动正在回升。最新的就业数据、商业信心读数和零售销售都表明强劲复苏。”</blockquote></p><p>The Russell 1000 Growth index has outperformed over the last month, gaining 10% compared to the Russell 1000 Value index's 4% rise, clawing back some of the recent losses after a jump in yields sparked a rotation out of technology and growth-oriented areas of the market.</p><p><blockquote>罗素1000增长指数上个月表现出色，上涨10%，而罗素1000价值指数上涨4%，收复了近期的部分跌幅，此前收益率飙升引发了技术和增长型领域的轮动。市场。</blockquote></p><p>Over the last three months value stocks are still outperforming, however, and Bank of America believes there's more upside ahead for the group. On Friday analysts at the firm said to \"stick with value,\" noting that it still trades at a \"steep discount vs. growth despite the recent strength.\"</p><p><blockquote>然而，在过去三个月中，价值股的表现仍然优于大盘，美国银行认为该集团未来还有更多上涨空间。周五，该公司分析师表示“坚持价值”，并指出该公司的交易价格“尽管近期表现强劲，但与增长相比仍存在大幅折扣”。</blockquote></p><p>On the coronavirus front, White House chief medical advisor Dr. Anthony Fauci said he expects the U.S. willresume administration of the Johnson &amp; Johnson vaccine. The Food and Drug Administration asked states last week to temporarily halt using the single dose vaccine \"out of an abundance of caution\" after six women developed a rare blood-clotting disorder.</p><p><blockquote>在冠状病毒方面，白宫首席医疗顾问安东尼·福奇博士表示，他预计美国将恢复强生疫苗的管理。在六名女性患上罕见的凝血障碍后，美国食品和药物管理局上周要求各州“出于高度谨慎”暂时停止使用单剂量疫苗。</blockquote></p><p>\"My estimate is that we will continue to use it in some form,\" Fauci said Sunday during an interview on NBC's \"Meet the Press.\" \"I doubt very seriously if they just cancel it. I don't think that's going to happen. I do think that there will likely be some sort of warning or restriction or risk assessment.\"</p><p><blockquote>“我估计我们将继续以某种形式使用它，”福奇周日在接受美国全国广播公司“会见新闻界”节目采访时表示。“我非常怀疑他们是否会取消它。我认为这不会发生。我确实认为可能会有某种警告、限制或风险评估。”</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168027310","content_text":"U.S. stocks dipped from record levels to start the week on Monday as the weakness in the technology sector weighed on the broader market.Futures contracts tied to the Dow slid 75 points. S&P 500 futures shed 0.2%. Nasdaq-100 futures were flat. The S&P 500 and Dow Jones Industrial Average closed atrecord highs on Friday.Bitcoin was slammed over the weekendafter hitting an all-time high of $64,841 Wednesday morning, according to data from Coin Metrics. At one point, it was down 19% from that record over the weekend before recovering. The cryptocurrency was last at $56,794 on Monday.Tesla, a holder of bitcoin, was down 1.5% in premarket trading Monday. Coinbase, which just made its public debut last week, was down by 2% in early trading.Bank shares were lower in early trading Monday as investors continued to take profits following big earnings from the group last week. Bank of America, Wells Fargo and Citigroup were all lower in premarket trading.Coca-Cola shares rose more than 1% in premarket trading after the consumer giant reportedbetter-than-expected earnings and revenue. The company also said demand in March has returned to pre-pandemic levels.Stocks are coming off a week of gains as earnings topped estimates and strong economic data lifted the major averages. The S&P and Dow advanced 1.38% and 1.18% last week respectively for their fourth straight week of gains, while the Nasdaq Composite posted its third positive week in a row.Despite stocks trading around record levels, UBS on Friday lifted its forecast for the year. The firm now envisions the S&P 500 ending 2021 at 4,400, which is roughly 5% above where the benchmark index closed on Friday.\"While investing at all-time highs may be daunting for some, we believe there is more upside ahead,\" the firm wrote in a note to clients. \"Following two rounds of stimulus deployed in the quarter and the ongoing vaccination effort, there is growing evidence that U.S. economic activity is picking up. The latest jobs data, business sentiment readings, and retail sales all point to a strong recovery.\"The Russell 1000 Growth index has outperformed over the last month, gaining 10% compared to the Russell 1000 Value index's 4% rise, clawing back some of the recent losses after a jump in yields sparked a rotation out of technology and growth-oriented areas of the market.Over the last three months value stocks are still outperforming, however, and Bank of America believes there's more upside ahead for the group. On Friday analysts at the firm said to \"stick with value,\" noting that it still trades at a \"steep discount vs. growth despite the recent strength.\"On the coronavirus front, White House chief medical advisor Dr. Anthony Fauci said he expects the U.S. willresume administration of the Johnson & Johnson vaccine. The Food and Drug Administration asked states last week to temporarily halt using the single dose vaccine \"out of an abundance of caution\" after six women developed a rare blood-clotting disorder.\"My estimate is that we will continue to use it in some form,\" Fauci said Sunday during an interview on NBC's \"Meet the Press.\" \"I doubt very seriously if they just cancel it. I don't think that's going to happen. I do think that there will likely be some sort of warning or restriction or risk assessment.\"","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":261,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370380178,"gmtCreate":1618551968694,"gmtModify":1631889869289,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Buy?","listText":"Buy?","text":"Buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370380178","repostId":"1151397636","repostType":4,"isVote":1,"tweetType":1,"viewCount":358,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345856039,"gmtCreate":1618303294621,"gmtModify":1631889869289,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Would you buy?","listText":"Would you buy?","text":"Would you buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/345856039","repostId":"2127018984","repostType":4,"isVote":1,"tweetType":1,"viewCount":641,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348230663,"gmtCreate":1617930822052,"gmtModify":1631889869298,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Don’t stop!","listText":"Don’t stop!","text":"Don’t stop!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/348230663","repostId":"2125726223","repostType":4,"isVote":1,"tweetType":1,"viewCount":214,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348105348,"gmtCreate":1617891800384,"gmtModify":1631889869297,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Ooo","listText":"Ooo","text":"Ooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/348105348","repostId":"2125726223","repostType":4,"isVote":1,"tweetType":1,"viewCount":409,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343688993,"gmtCreate":1617713200012,"gmtModify":1631889869299,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Help comment &amp; like please?","listText":"Help comment &amp; like please?","text":"Help comment & like please?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/343688993","repostId":"1101907559","repostType":4,"repost":{"id":"1101907559","kind":"news","pubTimestamp":1617672655,"share":"https://www.laohu8.com/m/news/1101907559?lang=zh_CN&edition=full","pubTime":"2021-04-06 09:30","market":"us","language":"en","title":"Opinion: Financial crises get triggered about every 10 years — Archegos might be right on time<blockquote>观点：金融危机大约每10年就会引发一次——Archegos可能准时出现</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1101907559","media":"marketwatch","summary":"No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.Financial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management. Its reach and operating practices were","content":"<p>  <b>No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.</b>  Financial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.</p><p><blockquote><b>目前，没有人能肯定地说，所谓的家族办公室数十亿美元的投资损失不会蔓延。</b>金融危机从来都不完全一样。20世纪80年代末，美国近三分之一的储蓄和贷款协会倒闭，最终获得了约2650亿美元的纳税人救助（按2021年计算）。</blockquote></p><p> In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management(LTCM). Its reach and operating practices were such that Federal Reserve Chairman Alan Greenspan said that when LTCM failed, “he had never seen anything in his lifetime that compared to the terror” he felt. LTCM was deemed “too big to fail,” and he engineered a bailout by 14 major U.S. financial institutions.</p><p><blockquote>1997-1998年，亚洲和俄国的金融危机导致美国最大的对冲基金——长期资本管理公司（LTCM）几近崩溃。它的影响力和运营实践如此之大，以至于美联储主席艾伦·格林斯潘说，当LTCM失败时，“他一生中从未见过任何与他所感受到的恐怖相比的事情”。LTCM被认为“太大而不能倒”，他策划了对14家美国主要金融机构的救助。</blockquote></p><p> Exactly a decade later, too much leverage by some of those very institutions, and the bursting of a U.S. real estate bubble, led to the near collapse of the U.S. financial system. Once again, big banks were deemed too big to fail and taxpayers came to the rescue.</p><p><blockquote>整整十年后，其中一些机构的过度杠杆化，以及美国房地产泡沫的破裂，导致美国金融体系几近崩溃。大银行再一次被认为太大而不能倒，纳税人前来救援。</blockquote></p><p> The trend? Every 10 years or so, and they all look different.&nbsp;Are we in the early stages of a new crisis now, with the blowup at the family office Archegos Capital Management LP?</p><p><blockquote>趋势？每隔10年左右，它们看起来都不一样。随着家族办公室Archegos Capital Management LP的爆发，我们现在是否正处于新危机的早期阶段？</blockquote></p><p> A family office, for the uninitiated, is a private wealth management vehicle for the ultra-wealthy. Here’s what I mean by ultra-wealthy: Consulting firm EY estimates there are some 10,000 family offices globally, but manage, says a separate estimate by market research firm Campden Research, nearly $6 trillion. That $6 trillion is likely far higher now given that it’s based on 2019 data.</p><p><blockquote>对于外行人来说，家族办公室是超级富豪的私人财富管理工具。这就是我所说的超级富豪的意思：咨询公司安永估计全球约有10,000个家族理财室，但市场研究公司Campden Research的另一项估计称，管理家族理财室的规模接近6万亿美元。鉴于这6万亿美元是基于2019年的数据，现在可能要高得多。</blockquote></p><p> <b>Unregulated money managers</b></p><p><blockquote><b>不受监管的基金经理</b></blockquote></p><p> Here’s the potential danger. Family offices generally aren’t regulated. The 1940 Investment Advisers Act says firms with 15 clients or fewer don’t have to register with the Securities and Exchange Commission. What this means is that trillions of dollars are in play and no one can really say who’s running the money, what it’s invested in, how much leverage is being used, and what kind of counterparty risk may exist. (Counterparty risk is the probability that one party involved in a financial transaction could default on a contractual obligation to someone else.)</p><p><blockquote>这是潜在的危险。家族理财室通常不受监管。1940年《投资顾问法》规定，拥有15名或更少客户的公司无需向美国证券交易委员会注册。这意味着数万亿美元正在发挥作用，没有人能真正说出谁在管理这笔钱，它投资于什么，使用了多少杠杆，以及可能存在什么样的交易对手风险。（交易对手风险是指参与金融交易的一方可能违反对另一方的合同义务的概率。）</blockquote></p><p> This appears to be the case with Archegos. The firm bet heavily on certain Chinese stocks, including e-commerce player&nbsp;Vipshop Holdings&nbsp;Ltd.VIPS,-1.19%,U.S.-listed Chinese tutoring company&nbsp;GSX Techedu&nbsp;Inc.GSX,-10.63%and U.S. media companiesViacomCBS&nbsp;Inc.VIAC,-3.90%and&nbsp;Discovery&nbsp;Inc.DISCA,-3.86%,among others. Share prices have tumbled lately, sparking large sales — some $30 billion — by Archegos.</p><p><blockquote>Archegos似乎就是这种情况。该公司大举押注某些中国股票，包括电子商务公司唯品会控股有限公司VIPS，-1.19%，在美国上市的中国家教公司跟谁学GSX，-10.63%，以及美国媒体公司维亚康姆哥伦比亚广播公司VIAC，-3.90%和Discovery Inc.DISCA，-3.86%等。最近股价暴跌，引发Archegos的大量抛售（约300亿美元）。</blockquote></p><p> The problem is that only about a third of that, or $10 billion, was its own money. We now know that Archegos worked with some of the biggest names on Wall Street, including&nbsp;Credit Suisse Group AGCS,+1.59%,UBS Group AGUBS,+1.01%,Goldman Sachs Group Inc.GS,-1.25%,&nbsp;Morgan StanleyMS,-0.28%,Deutsche Bank AGDB,+0.74%and Nomura Holdings Inc.&nbsp;NMR,+1.87%.</p><p><blockquote>问题是，其中只有大约三分之一，即100亿美元，是它自己的钱。我们现在知道Archegos与华尔街的一些大牌合作，包括瑞士信贷集团AGCS，+1.59%，瑞银集团AGUBS，+1.01%，高盛集团Inc.GS，-1.25%，摩根士丹利MS，-0.28%，德意志银行AGDB，+0.74%，野村控股公司NMR，+1.87%。</blockquote></p><p> But since family offices are largely allowed to operate unregulated, who’s to say how much money is really involved here and what the extent of market risk is? My colleague Mark DeCambre&nbsp;reported last week that Archegos’ true exposures to bad trades could actuallybe closer to $100 billion.</p><p><blockquote>但由于家族办公室在很大程度上被允许不受监管地运营，谁能说这里真正涉及多少资金以及市场风险有多大？我的同事Mark DeCambre上周报告称，Archegos对不良交易的真实敞口实际上可能接近1000亿美元。</blockquote></p><p> <b>Danger of counterparty risk</b></p><p><blockquote><b>交易对手风险的危险性</b></blockquote></p><p> This is where counterparty risk comes in. As Archegos’ bets went south, the above banks — looking at losses of their own — hit the firm with margin calls. Deutsche quickly dumped about $4 billion in holdings, while Goldman and Morgan Stanley are also said to have unwound their positions, perhaps limiting their downside.</p><p><blockquote>这就是交易对手风险的用武之地。随着Archegos的赌注落空，上述银行考虑到自己的损失，以保证金评级打击了该公司。德意志银行迅速抛售了约40亿美元的持股，而高盛和摩根士丹利据说也已平仓，这或许限制了它们的下跌空间。</blockquote></p><p> So is this a financial crisis? It doesn’t appear to be. Even so, the Securities and Exchange Commission has opened a preliminary investigation into Archegos and its founder, Bill Hwang.</p><p><blockquote>那么这是金融危机吗？似乎不是。即便如此，美国证券交易委员会还是对Archegos及其创始人Bill Hwang展开了初步调查。</blockquote></p><p> One peer, Tom Lee, the research chief of Fundstrat Global Advisors, calls Hwang one of the “top 10 of the best investment minds” he knows.</p><p><blockquote>Fundstrat Global Advisors的研究主管Tom Lee是他认识的“十大最佳投资头脑”之一的评级·黄。</blockquote></p><p> But federal regulators may have a lesser opinion. In 2012, Hwang’s former hedge fund, Tiger Asia Management, pleaded guilty and paid more than $60 million in penalties after it was accused of trading on illegal tips about Chinese banks. The SEC banned Hwang from managing money on behalf of clients — essentially booting him from the hedge fund industry. So Hwang opened Archegos, and again, family offices aren’t generally aren’t regulated.</p><p><blockquote>但联邦监管机构的意见可能较少。2012年，黄禹锡的前对冲基金老虎亚洲管理公司(Tiger Asia Management)认罪并支付了超过6000万美元的罚款，此前该公司被指控利用有关中国银行的非法线索进行交易。美国证券交易委员会禁止黄禹锡代表客户管理资金——实质上是将他踢出对冲基金行业。因此，Hwang开设了Archegos，同样，家族理财室通常不受监管。</blockquote></p><p> <b>Yellen on the case</b></p><p><blockquote><b>耶伦谈此案</b></blockquote></p><p> This issue is on Treasury Secretary Janet Yellen’s radar. She said last week that greater oversight of these private corners of the financial industry is needed. The Financial Stability Oversight Council (FSOC), which she oversees, has revived a task force to help agencies better “share data, identify risks and work to strengthen our financial system.”</p><p><blockquote>这个问题引起了财政部长珍妮特·耶伦的关注。她上周表示，需要加强对金融业这些私人角落的监管。她监管的金融稳定监督委员会（FSOC）重新成立了一个工作组，以帮助各机构更好地“共享数据、识别风险并努力加强我们的金融体系”。</blockquote></p><p></p><p> Most financial crises end up with American taxpayers getting stuck with the tab. Gains belong to the risk-takers. But losses — they belong to us. To paraphrase Abe Lincoln, family offices — a multi-trillion dollar industry largely allowed to operate in the shadows in a global financial system that is more intertwined than ever — are of the super-wealthy, by the super-wealthy and for the super-wealthy. And no one else.</p><p><blockquote>大多数金融危机最终都是美国纳税人陷入困境。收益属于冒险者。但是损失——它们属于我们。套用亚伯·林肯（Abe Lincoln）的话，家族办公室——一个价值数万亿美元的行业，在一个比以往任何时候都更加交织在一起的全球金融体系中，很大程度上被允许在阴影中运作——属于超级富豪，由超级富豪经营，为超级富豪服务。没有其他人。</blockquote></p><p> The Archegos collapse may or may not be the beginning of yet another financial crisis. But who’s to say what thousands of other family offices are doing with their trillions, and whether similar problems could blow up?</p><p><blockquote>Archegos的倒闭可能是也可能不是另一场金融危机的开始。但谁能说其他数千家家族理财室正在用他们的数万亿美元做什么，以及类似的问题是否会爆发？</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>Opinion: Financial crises get triggered about every 10 years — Archegos might be right on time<blockquote>观点：金融危机大约每10年就会引发一次——Archegos可能准时出现</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\">\nOpinion: Financial crises get triggered about every 10 years — Archegos might be right on time<blockquote>观点：金融危机大约每10年就会引发一次——Archegos可能准时出现</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">marketwatch</strong><span class=\"h-time small\">2021-04-06 09:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.</b>  Financial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.</p><p><blockquote><b>目前，没有人能肯定地说，所谓的家族办公室数十亿美元的投资损失不会蔓延。</b>金融危机从来都不完全一样。20世纪80年代末，美国近三分之一的储蓄和贷款协会倒闭，最终获得了约2650亿美元的纳税人救助（按2021年计算）。</blockquote></p><p> In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management(LTCM). Its reach and operating practices were such that Federal Reserve Chairman Alan Greenspan said that when LTCM failed, “he had never seen anything in his lifetime that compared to the terror” he felt. LTCM was deemed “too big to fail,” and he engineered a bailout by 14 major U.S. financial institutions.</p><p><blockquote>1997-1998年，亚洲和俄国的金融危机导致美国最大的对冲基金——长期资本管理公司（LTCM）几近崩溃。它的影响力和运营实践如此之大，以至于美联储主席艾伦·格林斯潘说，当LTCM失败时，“他一生中从未见过任何与他所感受到的恐怖相比的事情”。LTCM被认为“太大而不能倒”，他策划了对14家美国主要金融机构的救助。</blockquote></p><p> Exactly a decade later, too much leverage by some of those very institutions, and the bursting of a U.S. real estate bubble, led to the near collapse of the U.S. financial system. Once again, big banks were deemed too big to fail and taxpayers came to the rescue.</p><p><blockquote>整整十年后，其中一些机构的过度杠杆化，以及美国房地产泡沫的破裂，导致美国金融体系几近崩溃。大银行再一次被认为太大而不能倒，纳税人前来救援。</blockquote></p><p> The trend? Every 10 years or so, and they all look different.&nbsp;Are we in the early stages of a new crisis now, with the blowup at the family office Archegos Capital Management LP?</p><p><blockquote>趋势？每隔10年左右，它们看起来都不一样。随着家族办公室Archegos Capital Management LP的爆发，我们现在是否正处于新危机的早期阶段？</blockquote></p><p> A family office, for the uninitiated, is a private wealth management vehicle for the ultra-wealthy. Here’s what I mean by ultra-wealthy: Consulting firm EY estimates there are some 10,000 family offices globally, but manage, says a separate estimate by market research firm Campden Research, nearly $6 trillion. That $6 trillion is likely far higher now given that it’s based on 2019 data.</p><p><blockquote>对于外行人来说，家族办公室是超级富豪的私人财富管理工具。这就是我所说的超级富豪的意思：咨询公司安永估计全球约有10,000个家族理财室，但市场研究公司Campden Research的另一项估计称，管理家族理财室的规模接近6万亿美元。鉴于这6万亿美元是基于2019年的数据，现在可能要高得多。</blockquote></p><p> <b>Unregulated money managers</b></p><p><blockquote><b>不受监管的基金经理</b></blockquote></p><p> Here’s the potential danger. Family offices generally aren’t regulated. The 1940 Investment Advisers Act says firms with 15 clients or fewer don’t have to register with the Securities and Exchange Commission. What this means is that trillions of dollars are in play and no one can really say who’s running the money, what it’s invested in, how much leverage is being used, and what kind of counterparty risk may exist. (Counterparty risk is the probability that one party involved in a financial transaction could default on a contractual obligation to someone else.)</p><p><blockquote>这是潜在的危险。家族理财室通常不受监管。1940年《投资顾问法》规定，拥有15名或更少客户的公司无需向美国证券交易委员会注册。这意味着数万亿美元正在发挥作用，没有人能真正说出谁在管理这笔钱，它投资于什么，使用了多少杠杆，以及可能存在什么样的交易对手风险。（交易对手风险是指参与金融交易的一方可能违反对另一方的合同义务的概率。）</blockquote></p><p> This appears to be the case with Archegos. The firm bet heavily on certain Chinese stocks, including e-commerce player&nbsp;Vipshop Holdings&nbsp;Ltd.VIPS,-1.19%,U.S.-listed Chinese tutoring company&nbsp;GSX Techedu&nbsp;Inc.GSX,-10.63%and U.S. media companiesViacomCBS&nbsp;Inc.VIAC,-3.90%and&nbsp;Discovery&nbsp;Inc.DISCA,-3.86%,among others. Share prices have tumbled lately, sparking large sales — some $30 billion — by Archegos.</p><p><blockquote>Archegos似乎就是这种情况。该公司大举押注某些中国股票，包括电子商务公司唯品会控股有限公司VIPS，-1.19%，在美国上市的中国家教公司跟谁学GSX，-10.63%，以及美国媒体公司维亚康姆哥伦比亚广播公司VIAC，-3.90%和Discovery Inc.DISCA，-3.86%等。最近股价暴跌，引发Archegos的大量抛售（约300亿美元）。</blockquote></p><p> The problem is that only about a third of that, or $10 billion, was its own money. We now know that Archegos worked with some of the biggest names on Wall Street, including&nbsp;Credit Suisse Group AGCS,+1.59%,UBS Group AGUBS,+1.01%,Goldman Sachs Group Inc.GS,-1.25%,&nbsp;Morgan StanleyMS,-0.28%,Deutsche Bank AGDB,+0.74%and Nomura Holdings Inc.&nbsp;NMR,+1.87%.</p><p><blockquote>问题是，其中只有大约三分之一，即100亿美元，是它自己的钱。我们现在知道Archegos与华尔街的一些大牌合作，包括瑞士信贷集团AGCS，+1.59%，瑞银集团AGUBS，+1.01%，高盛集团Inc.GS，-1.25%，摩根士丹利MS，-0.28%，德意志银行AGDB，+0.74%，野村控股公司NMR，+1.87%。</blockquote></p><p> But since family offices are largely allowed to operate unregulated, who’s to say how much money is really involved here and what the extent of market risk is? My colleague Mark DeCambre&nbsp;reported last week that Archegos’ true exposures to bad trades could actuallybe closer to $100 billion.</p><p><blockquote>但由于家族办公室在很大程度上被允许不受监管地运营，谁能说这里真正涉及多少资金以及市场风险有多大？我的同事Mark DeCambre上周报告称，Archegos对不良交易的真实敞口实际上可能接近1000亿美元。</blockquote></p><p> <b>Danger of counterparty risk</b></p><p><blockquote><b>交易对手风险的危险性</b></blockquote></p><p> This is where counterparty risk comes in. As Archegos’ bets went south, the above banks — looking at losses of their own — hit the firm with margin calls. Deutsche quickly dumped about $4 billion in holdings, while Goldman and Morgan Stanley are also said to have unwound their positions, perhaps limiting their downside.</p><p><blockquote>这就是交易对手风险的用武之地。随着Archegos的赌注落空，上述银行考虑到自己的损失，以保证金评级打击了该公司。德意志银行迅速抛售了约40亿美元的持股，而高盛和摩根士丹利据说也已平仓，这或许限制了它们的下跌空间。</blockquote></p><p> So is this a financial crisis? It doesn’t appear to be. Even so, the Securities and Exchange Commission has opened a preliminary investigation into Archegos and its founder, Bill Hwang.</p><p><blockquote>那么这是金融危机吗？似乎不是。即便如此，美国证券交易委员会还是对Archegos及其创始人Bill Hwang展开了初步调查。</blockquote></p><p> One peer, Tom Lee, the research chief of Fundstrat Global Advisors, calls Hwang one of the “top 10 of the best investment minds” he knows.</p><p><blockquote>Fundstrat Global Advisors的研究主管Tom Lee是他认识的“十大最佳投资头脑”之一的评级·黄。</blockquote></p><p> But federal regulators may have a lesser opinion. In 2012, Hwang’s former hedge fund, Tiger Asia Management, pleaded guilty and paid more than $60 million in penalties after it was accused of trading on illegal tips about Chinese banks. The SEC banned Hwang from managing money on behalf of clients — essentially booting him from the hedge fund industry. So Hwang opened Archegos, and again, family offices aren’t generally aren’t regulated.</p><p><blockquote>但联邦监管机构的意见可能较少。2012年，黄禹锡的前对冲基金老虎亚洲管理公司(Tiger Asia Management)认罪并支付了超过6000万美元的罚款，此前该公司被指控利用有关中国银行的非法线索进行交易。美国证券交易委员会禁止黄禹锡代表客户管理资金——实质上是将他踢出对冲基金行业。因此，Hwang开设了Archegos，同样，家族理财室通常不受监管。</blockquote></p><p> <b>Yellen on the case</b></p><p><blockquote><b>耶伦谈此案</b></blockquote></p><p> This issue is on Treasury Secretary Janet Yellen’s radar. She said last week that greater oversight of these private corners of the financial industry is needed. The Financial Stability Oversight Council (FSOC), which she oversees, has revived a task force to help agencies better “share data, identify risks and work to strengthen our financial system.”</p><p><blockquote>这个问题引起了财政部长珍妮特·耶伦的关注。她上周表示，需要加强对金融业这些私人角落的监管。她监管的金融稳定监督委员会（FSOC）重新成立了一个工作组，以帮助各机构更好地“共享数据、识别风险并努力加强我们的金融体系”。</blockquote></p><p></p><p> Most financial crises end up with American taxpayers getting stuck with the tab. Gains belong to the risk-takers. But losses — they belong to us. To paraphrase Abe Lincoln, family offices — a multi-trillion dollar industry largely allowed to operate in the shadows in a global financial system that is more intertwined than ever — are of the super-wealthy, by the super-wealthy and for the super-wealthy. And no one else.</p><p><blockquote>大多数金融危机最终都是美国纳税人陷入困境。收益属于冒险者。但是损失——它们属于我们。套用亚伯·林肯（Abe Lincoln）的话，家族办公室——一个价值数万亿美元的行业，在一个比以往任何时候都更加交织在一起的全球金融体系中，很大程度上被允许在阴影中运作——属于超级富豪，由超级富豪经营，为超级富豪服务。没有其他人。</blockquote></p><p> The Archegos collapse may or may not be the beginning of yet another financial crisis. But who’s to say what thousands of other family offices are doing with their trillions, and whether similar problems could blow up?</p><p><blockquote>Archegos的倒闭可能是也可能不是另一场金融危机的开始。但谁能说其他数千家家族理财室正在用他们的数万亿美元做什么，以及类似的问题是否会爆发？</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/financial-crises-happen-about-every-10-years-which-makes-the-archegos-meltdown-unnerving-11617634942?mod=home-page\">marketwatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/financial-crises-happen-about-every-10-years-which-makes-the-archegos-meltdown-unnerving-11617634942?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101907559","content_text":"No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.\n\nFinancial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.\nIn 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management(LTCM). Its reach and operating practices were such that Federal Reserve Chairman Alan Greenspan said that when LTCM failed, “he had never seen anything in his lifetime that compared to the terror” he felt. LTCM was deemed “too big to fail,” and he engineered a bailout by 14 major U.S. financial institutions.\nExactly a decade later, too much leverage by some of those very institutions, and the bursting of a U.S. real estate bubble, led to the near collapse of the U.S. financial system. Once again, big banks were deemed too big to fail and taxpayers came to the rescue.\nThe trend? Every 10 years or so, and they all look different. Are we in the early stages of a new crisis now, with the blowup at the family office Archegos Capital Management LP?\nA family office, for the uninitiated, is a private wealth management vehicle for the ultra-wealthy. Here’s what I mean by ultra-wealthy: Consulting firm EY estimates there are some 10,000 family offices globally, but manage, says a separate estimate by market research firm Campden Research, nearly $6 trillion. That $6 trillion is likely far higher now given that it’s based on 2019 data.\nUnregulated money managers\nHere’s the potential danger. Family offices generally aren’t regulated. The 1940 Investment Advisers Act says firms with 15 clients or fewer don’t have to register with the Securities and Exchange Commission. What this means is that trillions of dollars are in play and no one can really say who’s running the money, what it’s invested in, how much leverage is being used, and what kind of counterparty risk may exist. (Counterparty risk is the probability that one party involved in a financial transaction could default on a contractual obligation to someone else.)\nThis appears to be the case with Archegos. The firm bet heavily on certain Chinese stocks, including e-commerce player Vipshop Holdings Ltd.VIPS,-1.19%,U.S.-listed Chinese tutoring company GSX Techedu Inc.GSX,-10.63%and U.S. media companiesViacomCBS Inc.VIAC,-3.90%and Discovery Inc.DISCA,-3.86%,among others. Share prices have tumbled lately, sparking large sales — some $30 billion — by Archegos.\nThe problem is that only about a third of that, or $10 billion, was its own money. We now know that Archegos worked with some of the biggest names on Wall Street, including Credit Suisse Group AGCS,+1.59%,UBS Group AGUBS,+1.01%,Goldman Sachs Group Inc.GS,-1.25%, Morgan StanleyMS,-0.28%,Deutsche Bank AGDB,+0.74%and Nomura Holdings Inc. NMR,+1.87%.\nBut since family offices are largely allowed to operate unregulated, who’s to say how much money is really involved here and what the extent of market risk is? My colleague Mark DeCambre reported last week that Archegos’ true exposures to bad trades could actuallybe closer to $100 billion.\nDanger of counterparty risk\nThis is where counterparty risk comes in. As Archegos’ bets went south, the above banks — looking at losses of their own — hit the firm with margin calls. Deutsche quickly dumped about $4 billion in holdings, while Goldman and Morgan Stanley are also said to have unwound their positions, perhaps limiting their downside.\nSo is this a financial crisis? It doesn’t appear to be. Even so, the Securities and Exchange Commission has opened a preliminary investigation into Archegos and its founder, Bill Hwang.\nOne peer, Tom Lee, the research chief of Fundstrat Global Advisors, calls Hwang one of the “top 10 of the best investment minds” he knows.\nBut federal regulators may have a lesser opinion. In 2012, Hwang’s former hedge fund, Tiger Asia Management, pleaded guilty and paid more than $60 million in penalties after it was accused of trading on illegal tips about Chinese banks. The SEC banned Hwang from managing money on behalf of clients — essentially booting him from the hedge fund industry. So Hwang opened Archegos, and again, family offices aren’t generally aren’t regulated.\nYellen on the case\nThis issue is on Treasury Secretary Janet Yellen’s radar. She said last week that greater oversight of these private corners of the financial industry is needed. The Financial Stability Oversight Council (FSOC), which she oversees, has revived a task force to help agencies better “share data, identify risks and work to strengthen our financial system.”\nMost financial crises end up with American taxpayers getting stuck with the tab. Gains belong to the risk-takers. But losses — they belong to us. To paraphrase Abe Lincoln, family offices — a multi-trillion dollar industry largely allowed to operate in the shadows in a global financial system that is more intertwined than ever — are of the super-wealthy, by the super-wealthy and for the super-wealthy. And no one else.\nThe Archegos collapse may or may not be the beginning of yet another financial crisis. But who’s to say what thousands of other family offices are doing with their trillions, and whether similar problems could blow up?","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,"SPY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349587986,"gmtCreate":1617626116145,"gmtModify":1631889869302,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Positive news!","listText":"Positive news!","text":"Positive news!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/349587986","repostId":"1130269034","repostType":4,"isVote":1,"tweetType":1,"viewCount":426,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340352309,"gmtCreate":1617344762301,"gmtModify":1631889869305,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"More growth!","listText":"More growth!","text":"More growth!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/340352309","repostId":"1183906585","repostType":4,"isVote":1,"tweetType":1,"viewCount":317,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340356511,"gmtCreate":1617344694533,"gmtModify":1631889869308,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Goooo!","listText":"Goooo!","text":"Goooo!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/340356511","repostId":"1126549174","repostType":4,"repost":{"id":"1126549174","kind":"news","pubTimestamp":1617324814,"share":"https://www.laohu8.com/m/news/1126549174?lang=zh_CN&edition=full","pubTime":"2021-04-02 08:53","market":"us","language":"en","title":"Lion? Lamb? March's best stocks, strategies into April<blockquote>狮子？羊羔？三月最佳股票、四月策略</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1126549174","media":"seeking alpha","summary":"Not your typical March as the month came 'in like a lamb, and out like a lion.' No, we aren’tdiscuss","content":"<p><ul>  <li>Not your typical March as the month came 'in like a lamb, and out like a lion.' No, we aren’tdiscussing precipitation in March, but the precipitous equity market behavior for the U.S stock market on the precipice of all-time highs and what that means for the top stocks moving into April.</li>  <li>The inverse of the ancient meteorological proverb aptly describes this past month’shedge fund blowup, a once-in-a generationcanal blockageof worldwide trade, aFed pivot, a treasurymarket selloff, historicelectric vehicleandmarijuana legislation, SPAC-mania, the 1-year anniversary of the pandemic-fueled market selloff and a 6% monthly trough to peak move in the S&amp;P 500(NYSEARCA:SPY). That led high beta names to lag in the latter half. But what strategy or selection of stocks would have served you best for the month?</li> </ul> <img src=\"https://static.tigerbbs.com/7e8fb5e2cc1f94dd1e56cfa3805a032c\" tg-width=\"1280\" tg-height=\"474\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>这不是典型的三月，因为这个月“像羔羊一样进来，像狮子一样出去”。不，我们不是在讨论三月份的降水，而是美国股市处于历史高点边缘的急剧股市行为，以及这对进入四月份的顶级股票意味着什么。</li><li>古老的气象谚语的反义词恰如其分地描述了过去一个月的对冲基金爆炸、全球贸易一代人一次的运河堵塞、美联储转向、国债市场抛售、历史电动汽车和大麻立法、特殊目的收购公司狂热、一周年大流行引发的市场抛售以及标普500（NYSEARCA：SPDR标普500指数ETF）每月从低谷到峰值6%的波动。这导致高贝塔值股票在下半年表现落后。但本月什么策略或股票选择最适合您呢？</li></ul></blockquote></p><p> <i>High beta stocks lagged more stable names toward month-end</i></p><p><blockquote><i>接近月底，高贝塔值股票落后于更稳定的股票</i></blockquote></p><p> <ul>  <li>The exogenous events described above can throw a wrench into any defined strategy, whether you’re a value or growth investor, play momentum, sentiment, technicals or earnings revisions, or just buy what you know. What explicit strategy would have told you to be long Hartford Financial(NYSE:HIG), Nucor(NYSE:NUE)or Kansas City Southern(NYSE:KSU), and either short or unexposed to Penn National, Discovery Inc.(NASDAQ:DISCA)and Viacom(NASDAQ:VIAC), the respective winners and losers in the S&amp;P 500 in March?</li>  <li>The answer for the above six is insider trading, which we do not condone for obvious reasons.M&amp;A(twice), aboveconsensus earnings,political uncertaintyandhedge fund implosionsdictated the above fortunes and misfortunes.</li>  <li>But to outperform the broader market, the answer this month was value investing. So much so, thatone fascinating aspect of Marchwas how the standard “value stocks” started to screen as “momentum” – those stocks that have registered the strongest performance over the past 12 months. Value, in fact, has been so strong, that the last time they screened as momentum was more than 5 years ago.</li> </ul> <img src=\"https://static.tigerbbs.com/4b8f03b27e94be3c947993777fe46d91\" tg-width=\"537\" tg-height=\"192\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>上述外生事件可能会影响任何明确的策略，无论您是价值投资者还是成长型投资者，关注动量、情绪、技术面或盈利修正，或者只是购买您知道的东西。什么样的明确策略会告诉您做多Hartford Financial(NYSE：HIG)、Nucor(NYSE：NUE)或Kansas City Southern(NYSE：KSU)，并做空或不投资Penn National、Discovery Inc.（纳斯达克：DISCA）和维亚康姆（纳斯达克：VIAC），分别是3月份标普500的赢家和输家？</li><li>上述六个问题的答案是内幕交易，出于显而易见的原因，我们不会宽恕内幕交易。并购（两次）、高于共识的盈利、政治不确定性和对冲基金内爆决定了上述命运和不幸。</li><li>但要跑赢大盘，本月的答案是价值投资。因此，3月份的一个有趣的方面是标准的“价值股”如何开始被筛选为“动量股”——那些在过去12个月中表现最强劲的股票。事实上，价值如此强劲，以至于他们上一次筛选为momentum是在5年多前。</li></ul></blockquote></p><p> <ul>  <li>And it’s not just March. Value is the best performing factor strategy this year, up nearly 20%. It narrowly beat the performance of the highest levered stocks – those with the highest ratio of debt/total assets – curious bedfellows.</li>  <li>Value itself is not a monolith. It comes in varying forms. For March, a strategy whereby you long stocks in the highest quartile for Ebitda/Enterprise ratios and short those in the lowest quartile returned more than 9%.&nbsp; However, that same strategy in March of last year was the 3rd-worst performing among the 30 factors covered by S&amp;P Global, which could mean some old-fashion mean reversion could have been at play after years of underperformance in the value category.</li> </ul> <img src=\"https://static.tigerbbs.com/a753605a6759d9162a39c2c29cbb5763\" tg-width=\"906\" tg-height=\"424\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>而且不仅仅是三月。价值是今年表现最好的因子策略，上涨近20%。它以微弱优势击败了杠杆率最高的股票——债务/总资产比率最高的股票——好奇的伙伴。</li><li>价值本身不是铁板一块。它有不同的形式。3月份，做多Ebitda/企业比率最高四分位数的股票并做空最低四分位数的股票的策略回报率超过9%。然而，去年3月的同一策略在S&amp;P Global涵盖的30个因素中表现第三差，这可能意味着在价值类别多年表现不佳后，一些老式的均值回归可能正在发挥作用。</li></ul></blockquote></p><p> <i>Source: S&amp;P Global</i></p><p><blockquote><i>资料来源：标准普尔全球</i></blockquote></p><p> <ul>  <li>We looked at some specific stocks that performed well, just using the Seeking Alphascreener paired with our proprietary Quant ratings, which happen to have atrack record of outperformancesince inception in 2010. We screened for stocks in the U.S., with more than $500 million market cap, a value rating of A or greater that screened with a bullish or very bullish quant rating.</li> </ul> <img src=\"https://static.tigerbbs.com/92f4e08c81e69bcc72ab4bbe4b6d3386\" tg-width=\"1084\" tg-height=\"472\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>我们研究了一些表现良好的特定股票，仅使用Seeking Alphascreener与我们专有的量化评级相结合，这些股票自2010年成立以来恰好拥有优异表现的记录。我们筛选了市值超过5亿美元、价值评级为A或更高、量化评级为看涨或非常看涨的美国股票。</li></ul></blockquote></p><p> <ul>  <li>The top 5 performing names in March that screened in the above criteria at the beginning of March registered more than 15% returns in the month, led by TimkenSteel(NYSE:TMST)at 40%, Amneal Pharma(NYSE:AMRX), Resideo Technologies(NYSE:REZI), Super Micro Computer(NASDAQ:SMCI)and Jabil(NYSE:JBL). That compares to the S&amp;P ‘s 4.26% return.</li> </ul> <img src=\"https://static.tigerbbs.com/0b1888173c43e95e5960c33d68bbb0fc\" tg-width=\"578\" tg-height=\"660\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>3月初按照上述标准筛选的3月份表现最好的5家公司当月回报率超过15%，其中铁姆肯钢铁公司（纽约证券交易所代码：TMST）为40%，Amneal Pharma（纽约证券交易所代码：AMRX）、Resideo Technologies（纽约证券交易所代码：REZI）、超微计算机（纳斯达克证券交易所代码：SMCI）和捷普（纽约证券交易所代码：JBL）。相比之下，标准普尔指数的回报率为4.26%。</li></ul></blockquote></p><p></p><p> <ul>  <li>Of note, 3 of the 12 highest performing names were homebuilders, though their ratings weren’t lifted to a bullish rating until a third of the month had passed. One, Green Brick(NASDAQ:GRBK), was featured among the best value picks by Seeking Alpha's&nbsp;head of quantitative strategies, Steven Cress, in his September discussionabout how many value names screened better than mega-cap tech, like Microsoft(NASDAQ:MSFT)and Apple(NASDAQ:AAPL).</li>  <li>Beyond picking individual stocks, allocating to ETFs that focused on this strategy would have yielded an approximate 6.3% return, outperforming the S&amp;P 500(SP500)by 200bps. The largest value ETFs, found viaSA’s ETF screener,include Vanguard Value ETF(NYSEARCA:VTV), iShares S&amp;P 500 value ETF(NYSEARCA:IVE)&nbsp; and SPDR Portfolio S&amp;P 500 value ETF(NYSEARCA:SPYV), with performance across the instruments of 6.3% during March. That compared with the Vanguard S&amp;P 500 ETF&nbsp;(NYSEARCA:VOO)up 2.75% on the month.</li> </ul> <ul>  <li>Another value ETF, the iShares Russell 1000 Value ETF(NYSEARCA:IWD), lagged at 4.9%. Hamstringing its performance was likely the higher concentration in tech, which was impacted by the aforementioned treasury selloff this month. Higher interest rates hit growth names particularly hard. Compared to VTV, which boasts 3x more of a concentration in financials than in tech, IWD is nearer to 2x. The tech-heavy Nasdaq composite rose just 0.4% in March. The Invesco QQQ ETF(NASDAQ:QQQ), which tracks large cap tech, was down 1.6% on the month.</li> </ul> The Future</p><p><blockquote><ul><li>值得注意的是，12家表现最好的公司中有3家是房屋建筑商，尽管他们的评级直到本月三分之一后才被提升至看涨评级。其中之一是Green Brick（纳斯达克股票代码：GRBK），Seeking Alpha量化策略主管Steven Cress在9月份的讨论中被评为最佳价值精选之一，该讨论涉及有多少价值股比微软（纳斯达克股票代码：MSFT）和苹果（纳斯达克股票代码：AAPL）。</li><li>除了挑选个股之外，配置专注于此策略的ETF将产生约6.3%的回报率，比标普500(SP500)高出200个基点。viaSA的ETF筛选机构发现，最大的价值ETF包括Vanguard价值ETF(NYSEARCA：VTV)、iShares标普500价值ETF(NYSEARCA：IVE)和SPDR Portfolio标普500价值ETF(NYSEARCA：SPYV)，各工具的表现为6.3%三月。相比之下，先锋标普500 ETF(NYSEARCA：VOO)本月上涨2.75%。</li></ul><ul><li>另一只价值ETF iShares Russell 1000价值ETF(NYSEARCA：IWD)落后4.9%。削弱其业绩的可能是科技股的集中度较高，这受到了本月上述国债抛售的影响。更高的利率对成长型公司的打击尤其严重。与VTV相比，VTV在金融领域的集中度是科技领域的3倍，而IWD则接近2倍。以科技股为主的纳斯达克综合指数3月份仅上涨0.4%。追踪大盘科技股的景顺QQQ ETF（纳斯达克股票代码：QQQ）本月下跌1.6%。</li></ul>未来</blockquote></p><p> <ul>  <li>And how does that set up for April? Something to consider is seasonality --not surprising given the beginning of earnings season in just two weeks, which may set the tone. It is also bullish: Since 1928, April is the second-best month of average returns of the year, BofA analysts wrote this week.</li>  <li>And on a shorter-term horizon, there is seasonality intra-month. The analysts also surfaced research that the first 10 days of each month typically outperform the last 10. That pattern for January-March has already held. But for April more broadly, LPL Financial’s Ryan Detrick highlighted that in the last 15 years, the S&amp;P 500 has closed higher in 14 of those 15 Aprils.</li>  <li>That isn’t to say that value specifically will outperform, but it speaks broadly to market and portfolio performance. Morgan Stanley in a late March note remarked that “violent rotations” left many portfolios “gored” this year despite the fact that the rotations themselves were “fundamentally triggered.” They upgraded Consumer Staples names as part of that note to account for their expectations that inflation, personal income and GDP rates of growth will slow in the quarter/quarter and year/year comparisons to come.</li>  <li>If you believe, like JP Morgan analysts, that the trends for value will remain intact and that the risks for a pullback are low, it may be worth screening some stocks to determine the best opportunity for your portfolio.</li>  <li>When we conducted an analysis with the highest quant rating using the above screen criteria (expanded to include names outside the U.S.) the stocks appear to your humble author to be bets on a global recovery. Shipowner Danaos Corp.(NYSE:DAC), Resolute Forest Products(NYSE:RFP), TimkenSteel (TMST), publisher Gannett Co.(NYSE:GCI)and Barclays PLC(NYSE:BCS). Danaos just so happens to be relevant to therecent Suez Canal blockage.</li>  <li>For those who fancy stocks with a heftier market cap (i.e. &gt;$5B), BNP Paribas(OTCQX:BNPQY), Impala Platinum(OTCQX:IMPUY), ING Groep(NYSE:ING)and Vale S.A.(NYSE:VALE)are among those on the list; cyclical names if you had to name any.</li> </ul> <img src=\"https://static.tigerbbs.com/93d46ccc40c50c865d9caa7e49cbfe9e\" tg-width=\"1064\" tg-height=\"352\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>四月的情况如何？需要考虑的是季节性——考虑到财报季将在短短两周内开始，这并不奇怪，这可能会定下基调。这也是看涨的：美国银行分析师本周写道，自1928年以来，4月是一年中平均回报率第二好的月份。</li><li>从短期来看，月内存在季节性。分析师还浮出水面的研究表明，每个月的前10天通常优于后10天。1月至3月的这种模式已经存在。但从更广泛的4月份来看，LPL Financial的Ryan Detrick强调，在过去15年中，标普500在这15个4月中有14个收高。</li><li>这并不是说价值会跑赢大盘，但它广泛地说明了市场和投资组合的表现。摩根士丹利在3月底的一份报告中表示，尽管轮换本身是“从根本上触发的”，但今年“暴力轮换”导致许多投资组合“陷入困境”。作为该报告的一部分，他们升级了必需消费品名称，以考虑到他们对未来季度和年度比较中通胀、个人收入和GDP增长率将放缓的预期。</li><li>如果您像摩根大通分析师一样相信价值趋势将保持不变并且回调风险较低，那么可能值得筛选一些股票以确定您投资组合的最佳机会。</li><li>当我们使用上述筛选标准（扩展到包括美国以外的名称）进行具有最高量化评级的分析时，在您谦逊的作者看来，这些股票似乎是对全球复苏的押注。船东Danaos Corp.（纽约证券交易所代码：DAC）、Resolute Forest Products（纽约证券交易所代码：RFP）、铁姆肯钢铁公司（TMST）、出版商Gannett Co.（纽约证券交易所代码：GCI）和巴克莱银行（纽约证券交易所代码：BCS）。达瑙斯恰好与最近的苏伊士运河堵塞有关。</li><li>对于那些喜欢市值较大（即&gt;50亿美元）股票的人来说，法国巴黎银行(OTCQX：BNPQY)、Impala Platinum(OTCQX：IMPUY)、ING Groep(NYSE：ING)和Vale S.A.(NYSE：VALE)都在名单上；循环名称，如果你必须说出任何名称。</li></ul></blockquote></p><p> <ul>  <li>Stocks screened in a vacuum may not make sense without looking more broadly. BNP Paribas in its latest outlook piece is &nbsp;“more optimistic” about global growth than they were 3 months ago, with U.S. forecasts “up sharply.” And just this past week, U.S. President Bidenput forth an ambitious infrastructure plan, which calls for additional stimulus to be added to the economy. Naturally, it is subject to political will and there are risks it dies on the vine or passes the Senate in some slimmed down version. But BofA, in discussing the prospects for further stimulus, advised owning GDP-sensitive cyclical stocks, that are strong on value, and benefit from higher capital expenditures.</li>  <li>Stay tuned next month for another look at the best stocks and strategies. There’s also something to be gleaned by how at year-end, thesame companies keep making appearances&nbsp; on the winners and losers lists.</li> </ul></p><p><blockquote><ul><li>如果不从更广泛的角度来看，在真空中筛选的股票可能没有意义。法国巴黎银行在其最新的展望文章中对全球经济增长比三个月前“更加乐观”，其中美国的预测“大幅上调”。就在上周，美国总统拜登提出了一项雄心勃勃的基础设施计划，评级为经济提供额外刺激。自然，它受制于政治意愿，存在着它夭折或以某种精简版本在参议院通过的风险。但美国银行在讨论进一步刺激的前景时，建议持有对GDP敏感的周期性股票，这些股票价值强劲，并受益于更高的资本支出。</li><li>下个月请继续关注，再次了解最佳股票和策略。同样的公司在年底如何不断出现在赢家和输家名单上，也可以收集到一些东西。</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>Lion? Lamb? March's best stocks, strategies into April<blockquote>狮子？羊羔？三月最佳股票、四月策略</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\">\nLion? Lamb? March's best stocks, strategies into April<blockquote>狮子？羊羔？三月最佳股票、四月策略</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\">2021-04-02 08:53</span>\n</p>\n</h4>\n</header>\n<article>\n<p><ul>  <li>Not your typical March as the month came 'in like a lamb, and out like a lion.' No, we aren’tdiscussing precipitation in March, but the precipitous equity market behavior for the U.S stock market on the precipice of all-time highs and what that means for the top stocks moving into April.</li>  <li>The inverse of the ancient meteorological proverb aptly describes this past month’shedge fund blowup, a once-in-a generationcanal blockageof worldwide trade, aFed pivot, a treasurymarket selloff, historicelectric vehicleandmarijuana legislation, SPAC-mania, the 1-year anniversary of the pandemic-fueled market selloff and a 6% monthly trough to peak move in the S&amp;P 500(NYSEARCA:SPY). That led high beta names to lag in the latter half. But what strategy or selection of stocks would have served you best for the month?</li> </ul> <img src=\"https://static.tigerbbs.com/7e8fb5e2cc1f94dd1e56cfa3805a032c\" tg-width=\"1280\" tg-height=\"474\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>这不是典型的三月，因为这个月“像羔羊一样进来，像狮子一样出去”。不，我们不是在讨论三月份的降水，而是美国股市处于历史高点边缘的急剧股市行为，以及这对进入四月份的顶级股票意味着什么。</li><li>古老的气象谚语的反义词恰如其分地描述了过去一个月的对冲基金爆炸、全球贸易一代人一次的运河堵塞、美联储转向、国债市场抛售、历史电动汽车和大麻立法、特殊目的收购公司狂热、一周年大流行引发的市场抛售以及标普500（NYSEARCA：SPDR标普500指数ETF）每月从低谷到峰值6%的波动。这导致高贝塔值股票在下半年表现落后。但本月什么策略或股票选择最适合您呢？</li></ul></blockquote></p><p> <i>High beta stocks lagged more stable names toward month-end</i></p><p><blockquote><i>接近月底，高贝塔值股票落后于更稳定的股票</i></blockquote></p><p> <ul>  <li>The exogenous events described above can throw a wrench into any defined strategy, whether you’re a value or growth investor, play momentum, sentiment, technicals or earnings revisions, or just buy what you know. What explicit strategy would have told you to be long Hartford Financial(NYSE:HIG), Nucor(NYSE:NUE)or Kansas City Southern(NYSE:KSU), and either short or unexposed to Penn National, Discovery Inc.(NASDAQ:DISCA)and Viacom(NASDAQ:VIAC), the respective winners and losers in the S&amp;P 500 in March?</li>  <li>The answer for the above six is insider trading, which we do not condone for obvious reasons.M&amp;A(twice), aboveconsensus earnings,political uncertaintyandhedge fund implosionsdictated the above fortunes and misfortunes.</li>  <li>But to outperform the broader market, the answer this month was value investing. So much so, thatone fascinating aspect of Marchwas how the standard “value stocks” started to screen as “momentum” – those stocks that have registered the strongest performance over the past 12 months. Value, in fact, has been so strong, that the last time they screened as momentum was more than 5 years ago.</li> </ul> <img src=\"https://static.tigerbbs.com/4b8f03b27e94be3c947993777fe46d91\" tg-width=\"537\" tg-height=\"192\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>上述外生事件可能会影响任何明确的策略，无论您是价值投资者还是成长型投资者，关注动量、情绪、技术面或盈利修正，或者只是购买您知道的东西。什么样的明确策略会告诉您做多Hartford Financial(NYSE：HIG)、Nucor(NYSE：NUE)或Kansas City Southern(NYSE：KSU)，并做空或不投资Penn National、Discovery Inc.（纳斯达克：DISCA）和维亚康姆（纳斯达克：VIAC），分别是3月份标普500的赢家和输家？</li><li>上述六个问题的答案是内幕交易，出于显而易见的原因，我们不会宽恕内幕交易。并购（两次）、高于共识的盈利、政治不确定性和对冲基金内爆决定了上述命运和不幸。</li><li>但要跑赢大盘，本月的答案是价值投资。因此，3月份的一个有趣的方面是标准的“价值股”如何开始被筛选为“动量股”——那些在过去12个月中表现最强劲的股票。事实上，价值如此强劲，以至于他们上一次筛选为momentum是在5年多前。</li></ul></blockquote></p><p> <ul>  <li>And it’s not just March. Value is the best performing factor strategy this year, up nearly 20%. It narrowly beat the performance of the highest levered stocks – those with the highest ratio of debt/total assets – curious bedfellows.</li>  <li>Value itself is not a monolith. It comes in varying forms. For March, a strategy whereby you long stocks in the highest quartile for Ebitda/Enterprise ratios and short those in the lowest quartile returned more than 9%.&nbsp; However, that same strategy in March of last year was the 3rd-worst performing among the 30 factors covered by S&amp;P Global, which could mean some old-fashion mean reversion could have been at play after years of underperformance in the value category.</li> </ul> <img src=\"https://static.tigerbbs.com/a753605a6759d9162a39c2c29cbb5763\" tg-width=\"906\" tg-height=\"424\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>而且不仅仅是三月。价值是今年表现最好的因子策略，上涨近20%。它以微弱优势击败了杠杆率最高的股票——债务/总资产比率最高的股票——好奇的伙伴。</li><li>价值本身不是铁板一块。它有不同的形式。3月份，做多Ebitda/企业比率最高四分位数的股票并做空最低四分位数的股票的策略回报率超过9%。然而，去年3月的同一策略在S&amp;P Global涵盖的30个因素中表现第三差，这可能意味着在价值类别多年表现不佳后，一些老式的均值回归可能正在发挥作用。</li></ul></blockquote></p><p> <i>Source: S&amp;P Global</i></p><p><blockquote><i>资料来源：标准普尔全球</i></blockquote></p><p> <ul>  <li>We looked at some specific stocks that performed well, just using the Seeking Alphascreener paired with our proprietary Quant ratings, which happen to have atrack record of outperformancesince inception in 2010. We screened for stocks in the U.S., with more than $500 million market cap, a value rating of A or greater that screened with a bullish or very bullish quant rating.</li> </ul> <img src=\"https://static.tigerbbs.com/92f4e08c81e69bcc72ab4bbe4b6d3386\" tg-width=\"1084\" tg-height=\"472\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>我们研究了一些表现良好的特定股票，仅使用Seeking Alphascreener与我们专有的量化评级相结合，这些股票自2010年成立以来恰好拥有优异表现的记录。我们筛选了市值超过5亿美元、价值评级为A或更高、量化评级为看涨或非常看涨的美国股票。</li></ul></blockquote></p><p> <ul>  <li>The top 5 performing names in March that screened in the above criteria at the beginning of March registered more than 15% returns in the month, led by TimkenSteel(NYSE:TMST)at 40%, Amneal Pharma(NYSE:AMRX), Resideo Technologies(NYSE:REZI), Super Micro Computer(NASDAQ:SMCI)and Jabil(NYSE:JBL). That compares to the S&amp;P ‘s 4.26% return.</li> </ul> <img src=\"https://static.tigerbbs.com/0b1888173c43e95e5960c33d68bbb0fc\" tg-width=\"578\" tg-height=\"660\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>3月初按照上述标准筛选的3月份表现最好的5家公司当月回报率超过15%，其中铁姆肯钢铁公司（纽约证券交易所代码：TMST）为40%，Amneal Pharma（纽约证券交易所代码：AMRX）、Resideo Technologies（纽约证券交易所代码：REZI）、超微计算机（纳斯达克证券交易所代码：SMCI）和捷普（纽约证券交易所代码：JBL）。相比之下，标准普尔指数的回报率为4.26%。</li></ul></blockquote></p><p></p><p> <ul>  <li>Of note, 3 of the 12 highest performing names were homebuilders, though their ratings weren’t lifted to a bullish rating until a third of the month had passed. One, Green Brick(NASDAQ:GRBK), was featured among the best value picks by Seeking Alpha's&nbsp;head of quantitative strategies, Steven Cress, in his September discussionabout how many value names screened better than mega-cap tech, like Microsoft(NASDAQ:MSFT)and Apple(NASDAQ:AAPL).</li>  <li>Beyond picking individual stocks, allocating to ETFs that focused on this strategy would have yielded an approximate 6.3% return, outperforming the S&amp;P 500(SP500)by 200bps. The largest value ETFs, found viaSA’s ETF screener,include Vanguard Value ETF(NYSEARCA:VTV), iShares S&amp;P 500 value ETF(NYSEARCA:IVE)&nbsp; and SPDR Portfolio S&amp;P 500 value ETF(NYSEARCA:SPYV), with performance across the instruments of 6.3% during March. That compared with the Vanguard S&amp;P 500 ETF&nbsp;(NYSEARCA:VOO)up 2.75% on the month.</li> </ul> <ul>  <li>Another value ETF, the iShares Russell 1000 Value ETF(NYSEARCA:IWD), lagged at 4.9%. Hamstringing its performance was likely the higher concentration in tech, which was impacted by the aforementioned treasury selloff this month. Higher interest rates hit growth names particularly hard. Compared to VTV, which boasts 3x more of a concentration in financials than in tech, IWD is nearer to 2x. The tech-heavy Nasdaq composite rose just 0.4% in March. The Invesco QQQ ETF(NASDAQ:QQQ), which tracks large cap tech, was down 1.6% on the month.</li> </ul> The Future</p><p><blockquote><ul><li>值得注意的是，12家表现最好的公司中有3家是房屋建筑商，尽管他们的评级直到本月三分之一后才被提升至看涨评级。其中之一是Green Brick（纳斯达克股票代码：GRBK），Seeking Alpha量化策略主管Steven Cress在9月份的讨论中被评为最佳价值精选之一，该讨论涉及有多少价值股比微软（纳斯达克股票代码：MSFT）和苹果（纳斯达克股票代码：AAPL）。</li><li>除了挑选个股之外，配置专注于此策略的ETF将产生约6.3%的回报率，比标普500(SP500)高出200个基点。viaSA的ETF筛选机构发现，最大的价值ETF包括Vanguard价值ETF(NYSEARCA：VTV)、iShares标普500价值ETF(NYSEARCA：IVE)和SPDR Portfolio标普500价值ETF(NYSEARCA：SPYV)，各工具的表现为6.3%三月。相比之下，先锋标普500 ETF(NYSEARCA：VOO)本月上涨2.75%。</li></ul><ul><li>另一只价值ETF iShares Russell 1000价值ETF(NYSEARCA：IWD)落后4.9%。削弱其业绩的可能是科技股的集中度较高，这受到了本月上述国债抛售的影响。更高的利率对成长型公司的打击尤其严重。与VTV相比，VTV在金融领域的集中度是科技领域的3倍，而IWD则接近2倍。以科技股为主的纳斯达克综合指数3月份仅上涨0.4%。追踪大盘科技股的景顺QQQ ETF（纳斯达克股票代码：QQQ）本月下跌1.6%。</li></ul>未来</blockquote></p><p> <ul>  <li>And how does that set up for April? Something to consider is seasonality --not surprising given the beginning of earnings season in just two weeks, which may set the tone. It is also bullish: Since 1928, April is the second-best month of average returns of the year, BofA analysts wrote this week.</li>  <li>And on a shorter-term horizon, there is seasonality intra-month. The analysts also surfaced research that the first 10 days of each month typically outperform the last 10. That pattern for January-March has already held. But for April more broadly, LPL Financial’s Ryan Detrick highlighted that in the last 15 years, the S&amp;P 500 has closed higher in 14 of those 15 Aprils.</li>  <li>That isn’t to say that value specifically will outperform, but it speaks broadly to market and portfolio performance. Morgan Stanley in a late March note remarked that “violent rotations” left many portfolios “gored” this year despite the fact that the rotations themselves were “fundamentally triggered.” They upgraded Consumer Staples names as part of that note to account for their expectations that inflation, personal income and GDP rates of growth will slow in the quarter/quarter and year/year comparisons to come.</li>  <li>If you believe, like JP Morgan analysts, that the trends for value will remain intact and that the risks for a pullback are low, it may be worth screening some stocks to determine the best opportunity for your portfolio.</li>  <li>When we conducted an analysis with the highest quant rating using the above screen criteria (expanded to include names outside the U.S.) the stocks appear to your humble author to be bets on a global recovery. Shipowner Danaos Corp.(NYSE:DAC), Resolute Forest Products(NYSE:RFP), TimkenSteel (TMST), publisher Gannett Co.(NYSE:GCI)and Barclays PLC(NYSE:BCS). Danaos just so happens to be relevant to therecent Suez Canal blockage.</li>  <li>For those who fancy stocks with a heftier market cap (i.e. &gt;$5B), BNP Paribas(OTCQX:BNPQY), Impala Platinum(OTCQX:IMPUY), ING Groep(NYSE:ING)and Vale S.A.(NYSE:VALE)are among those on the list; cyclical names if you had to name any.</li> </ul> <img src=\"https://static.tigerbbs.com/93d46ccc40c50c865d9caa7e49cbfe9e\" tg-width=\"1064\" tg-height=\"352\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>四月的情况如何？需要考虑的是季节性——考虑到财报季将在短短两周内开始，这并不奇怪，这可能会定下基调。这也是看涨的：美国银行分析师本周写道，自1928年以来，4月是一年中平均回报率第二好的月份。</li><li>从短期来看，月内存在季节性。分析师还浮出水面的研究表明，每个月的前10天通常优于后10天。1月至3月的这种模式已经存在。但从更广泛的4月份来看，LPL Financial的Ryan Detrick强调，在过去15年中，标普500在这15个4月中有14个收高。</li><li>这并不是说价值会跑赢大盘，但它广泛地说明了市场和投资组合的表现。摩根士丹利在3月底的一份报告中表示，尽管轮换本身是“从根本上触发的”，但今年“暴力轮换”导致许多投资组合“陷入困境”。作为该报告的一部分，他们升级了必需消费品名称，以考虑到他们对未来季度和年度比较中通胀、个人收入和GDP增长率将放缓的预期。</li><li>如果您像摩根大通分析师一样相信价值趋势将保持不变并且回调风险较低，那么可能值得筛选一些股票以确定您投资组合的最佳机会。</li><li>当我们使用上述筛选标准（扩展到包括美国以外的名称）进行具有最高量化评级的分析时，在您谦逊的作者看来，这些股票似乎是对全球复苏的押注。船东Danaos Corp.（纽约证券交易所代码：DAC）、Resolute Forest Products（纽约证券交易所代码：RFP）、铁姆肯钢铁公司（TMST）、出版商Gannett Co.（纽约证券交易所代码：GCI）和巴克莱银行（纽约证券交易所代码：BCS）。达瑙斯恰好与最近的苏伊士运河堵塞有关。</li><li>对于那些喜欢市值较大（即&gt;50亿美元）股票的人来说，法国巴黎银行(OTCQX：BNPQY)、Impala Platinum(OTCQX：IMPUY)、ING Groep(NYSE：ING)和Vale S.A.(NYSE：VALE)都在名单上；循环名称，如果你必须说出任何名称。</li></ul></blockquote></p><p> <ul>  <li>Stocks screened in a vacuum may not make sense without looking more broadly. BNP Paribas in its latest outlook piece is &nbsp;“more optimistic” about global growth than they were 3 months ago, with U.S. forecasts “up sharply.” And just this past week, U.S. President Bidenput forth an ambitious infrastructure plan, which calls for additional stimulus to be added to the economy. Naturally, it is subject to political will and there are risks it dies on the vine or passes the Senate in some slimmed down version. But BofA, in discussing the prospects for further stimulus, advised owning GDP-sensitive cyclical stocks, that are strong on value, and benefit from higher capital expenditures.</li>  <li>Stay tuned next month for another look at the best stocks and strategies. There’s also something to be gleaned by how at year-end, thesame companies keep making appearances&nbsp; on the winners and losers lists.</li> </ul></p><p><blockquote><ul><li>如果不从更广泛的角度来看，在真空中筛选的股票可能没有意义。法国巴黎银行在其最新的展望文章中对全球经济增长比三个月前“更加乐观”，其中美国的预测“大幅上调”。就在上周，美国总统拜登提出了一项雄心勃勃的基础设施计划，评级为经济提供额外刺激。自然，它受制于政治意愿，存在着它夭折或以某种精简版本在参议院通过的风险。但美国银行在讨论进一步刺激的前景时，建议持有对GDP敏感的周期性股票，这些股票价值强劲，并受益于更高的资本支出。</li><li>下个月请继续关注，再次了解最佳股票和策略。同样的公司在年底如何不断出现在赢家和输家名单上，也可以收集到一些东西。</li></ul></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3678351-march-best-stocks-strategies-april\">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":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/news/3678351-march-best-stocks-strategies-april","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126549174","content_text":"Not your typical March as the month came 'in like a lamb, and out like a lion.' No, we aren’tdiscussing precipitation in March, but the precipitous equity market behavior for the U.S stock market on the precipice of all-time highs and what that means for the top stocks moving into April.\nThe inverse of the ancient meteorological proverb aptly describes this past month’shedge fund blowup, a once-in-a generationcanal blockageof worldwide trade, aFed pivot, a treasurymarket selloff, historicelectric vehicleandmarijuana legislation, SPAC-mania, the 1-year anniversary of the pandemic-fueled market selloff and a 6% monthly trough to peak move in the S&P 500(NYSEARCA:SPY). That led high beta names to lag in the latter half. But what strategy or selection of stocks would have served you best for the month?\n\n\nHigh beta stocks lagged more stable names toward month-end\n\nThe exogenous events described above can throw a wrench into any defined strategy, whether you’re a value or growth investor, play momentum, sentiment, technicals or earnings revisions, or just buy what you know. What explicit strategy would have told you to be long Hartford Financial(NYSE:HIG), Nucor(NYSE:NUE)or Kansas City Southern(NYSE:KSU), and either short or unexposed to Penn National, Discovery Inc.(NASDAQ:DISCA)and Viacom(NASDAQ:VIAC), the respective winners and losers in the S&P 500 in March?\nThe answer for the above six is insider trading, which we do not condone for obvious reasons.M&A(twice), aboveconsensus earnings,political uncertaintyandhedge fund implosionsdictated the above fortunes and misfortunes.\nBut to outperform the broader market, the answer this month was value investing. So much so, thatone fascinating aspect of Marchwas how the standard “value stocks” started to screen as “momentum” – those stocks that have registered the strongest performance over the past 12 months. Value, in fact, has been so strong, that the last time they screened as momentum was more than 5 years ago.\n\n\n\nAnd it’s not just March. Value is the best performing factor strategy this year, up nearly 20%. It narrowly beat the performance of the highest levered stocks – those with the highest ratio of debt/total assets – curious bedfellows.\nValue itself is not a monolith. It comes in varying forms. For March, a strategy whereby you long stocks in the highest quartile for Ebitda/Enterprise ratios and short those in the lowest quartile returned more than 9%.  However, that same strategy in March of last year was the 3rd-worst performing among the 30 factors covered by S&P Global, which could mean some old-fashion mean reversion could have been at play after years of underperformance in the value category.\n\n\nSource: S&P Global\n\nWe looked at some specific stocks that performed well, just using the Seeking Alphascreener paired with our proprietary Quant ratings, which happen to have atrack record of outperformancesince inception in 2010. We screened for stocks in the U.S., with more than $500 million market cap, a value rating of A or greater that screened with a bullish or very bullish quant rating.\n\n\n\nThe top 5 performing names in March that screened in the above criteria at the beginning of March registered more than 15% returns in the month, led by TimkenSteel(NYSE:TMST)at 40%, Amneal Pharma(NYSE:AMRX), Resideo Technologies(NYSE:REZI), Super Micro Computer(NASDAQ:SMCI)and Jabil(NYSE:JBL). That compares to the S&P ‘s 4.26% return.\n\n\n\nOf note, 3 of the 12 highest performing names were homebuilders, though their ratings weren’t lifted to a bullish rating until a third of the month had passed. One, Green Brick(NASDAQ:GRBK), was featured among the best value picks by Seeking Alpha's head of quantitative strategies, Steven Cress, in his September discussionabout how many value names screened better than mega-cap tech, like Microsoft(NASDAQ:MSFT)and Apple(NASDAQ:AAPL).\nBeyond picking individual stocks, allocating to ETFs that focused on this strategy would have yielded an approximate 6.3% return, outperforming the S&P 500(SP500)by 200bps. The largest value ETFs, found viaSA’s ETF screener,include Vanguard Value ETF(NYSEARCA:VTV), iShares S&P 500 value ETF(NYSEARCA:IVE)  and SPDR Portfolio S&P 500 value ETF(NYSEARCA:SPYV), with performance across the instruments of 6.3% during March. That compared with the Vanguard S&P 500 ETF (NYSEARCA:VOO)up 2.75% on the month.\n\n\nAnother value ETF, the iShares Russell 1000 Value ETF(NYSEARCA:IWD), lagged at 4.9%. Hamstringing its performance was likely the higher concentration in tech, which was impacted by the aforementioned treasury selloff this month. Higher interest rates hit growth names particularly hard. Compared to VTV, which boasts 3x more of a concentration in financials than in tech, IWD is nearer to 2x. The tech-heavy Nasdaq composite rose just 0.4% in March. The Invesco QQQ ETF(NASDAQ:QQQ), which tracks large cap tech, was down 1.6% on the month.\n\nThe Future\n\nAnd how does that set up for April? Something to consider is seasonality --not surprising given the beginning of earnings season in just two weeks, which may set the tone. It is also bullish: Since 1928, April is the second-best month of average returns of the year, BofA analysts wrote this week.\nAnd on a shorter-term horizon, there is seasonality intra-month. The analysts also surfaced research that the first 10 days of each month typically outperform the last 10. That pattern for January-March has already held. But for April more broadly, LPL Financial’s Ryan Detrick highlighted that in the last 15 years, the S&P 500 has closed higher in 14 of those 15 Aprils.\nThat isn’t to say that value specifically will outperform, but it speaks broadly to market and portfolio performance. Morgan Stanley in a late March note remarked that “violent rotations” left many portfolios “gored” this year despite the fact that the rotations themselves were “fundamentally triggered.” They upgraded Consumer Staples names as part of that note to account for their expectations that inflation, personal income and GDP rates of growth will slow in the quarter/quarter and year/year comparisons to come.\nIf you believe, like JP Morgan analysts, that the trends for value will remain intact and that the risks for a pullback are low, it may be worth screening some stocks to determine the best opportunity for your portfolio.\nWhen we conducted an analysis with the highest quant rating using the above screen criteria (expanded to include names outside the U.S.) the stocks appear to your humble author to be bets on a global recovery. Shipowner Danaos Corp.(NYSE:DAC), Resolute Forest Products(NYSE:RFP), TimkenSteel (TMST), publisher Gannett Co.(NYSE:GCI)and Barclays PLC(NYSE:BCS). Danaos just so happens to be relevant to therecent Suez Canal blockage.\nFor those who fancy stocks with a heftier market cap (i.e. >$5B), BNP Paribas(OTCQX:BNPQY), Impala Platinum(OTCQX:IMPUY), ING Groep(NYSE:ING)and Vale S.A.(NYSE:VALE)are among those on the list; cyclical names if you had to name any.\n\n\n\nStocks screened in a vacuum may not make sense without looking more broadly. BNP Paribas in its latest outlook piece is  “more optimistic” about global growth than they were 3 months ago, with U.S. forecasts “up sharply.” And just this past week, U.S. President Bidenput forth an ambitious infrastructure plan, which calls for additional stimulus to be added to the economy. Naturally, it is subject to political will and there are risks it dies on the vine or passes the Senate in some slimmed down version. But BofA, in discussing the prospects for further stimulus, advised owning GDP-sensitive cyclical stocks, that are strong on value, and benefit from higher capital expenditures.\nStay tuned next month for another look at the best stocks and strategies. There’s also something to be gleaned by how at year-end, thesame companies keep making appearances  on the winners and losers lists.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":338,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":343688993,"gmtCreate":1617713200012,"gmtModify":1631889869299,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Help comment &amp; like please?","listText":"Help comment &amp; like please?","text":"Help comment & like please?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/343688993","repostId":"1101907559","repostType":4,"repost":{"id":"1101907559","kind":"news","pubTimestamp":1617672655,"share":"https://www.laohu8.com/m/news/1101907559?lang=zh_CN&edition=full","pubTime":"2021-04-06 09:30","market":"us","language":"en","title":"Opinion: Financial crises get triggered about every 10 years — Archegos might be right on time<blockquote>观点：金融危机大约每10年就会引发一次——Archegos可能准时出现</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1101907559","media":"marketwatch","summary":"No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.Financial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management. Its reach and operating practices were","content":"<p>  <b>No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.</b>  Financial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.</p><p><blockquote><b>目前，没有人能肯定地说，所谓的家族办公室数十亿美元的投资损失不会蔓延。</b>金融危机从来都不完全一样。20世纪80年代末，美国近三分之一的储蓄和贷款协会倒闭，最终获得了约2650亿美元的纳税人救助（按2021年计算）。</blockquote></p><p> In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management(LTCM). Its reach and operating practices were such that Federal Reserve Chairman Alan Greenspan said that when LTCM failed, “he had never seen anything in his lifetime that compared to the terror” he felt. LTCM was deemed “too big to fail,” and he engineered a bailout by 14 major U.S. financial institutions.</p><p><blockquote>1997-1998年，亚洲和俄国的金融危机导致美国最大的对冲基金——长期资本管理公司（LTCM）几近崩溃。它的影响力和运营实践如此之大，以至于美联储主席艾伦·格林斯潘说，当LTCM失败时，“他一生中从未见过任何与他所感受到的恐怖相比的事情”。LTCM被认为“太大而不能倒”，他策划了对14家美国主要金融机构的救助。</blockquote></p><p> Exactly a decade later, too much leverage by some of those very institutions, and the bursting of a U.S. real estate bubble, led to the near collapse of the U.S. financial system. Once again, big banks were deemed too big to fail and taxpayers came to the rescue.</p><p><blockquote>整整十年后，其中一些机构的过度杠杆化，以及美国房地产泡沫的破裂，导致美国金融体系几近崩溃。大银行再一次被认为太大而不能倒，纳税人前来救援。</blockquote></p><p> The trend? Every 10 years or so, and they all look different.&nbsp;Are we in the early stages of a new crisis now, with the blowup at the family office Archegos Capital Management LP?</p><p><blockquote>趋势？每隔10年左右，它们看起来都不一样。随着家族办公室Archegos Capital Management LP的爆发，我们现在是否正处于新危机的早期阶段？</blockquote></p><p> A family office, for the uninitiated, is a private wealth management vehicle for the ultra-wealthy. Here’s what I mean by ultra-wealthy: Consulting firm EY estimates there are some 10,000 family offices globally, but manage, says a separate estimate by market research firm Campden Research, nearly $6 trillion. That $6 trillion is likely far higher now given that it’s based on 2019 data.</p><p><blockquote>对于外行人来说，家族办公室是超级富豪的私人财富管理工具。这就是我所说的超级富豪的意思：咨询公司安永估计全球约有10,000个家族理财室，但市场研究公司Campden Research的另一项估计称，管理家族理财室的规模接近6万亿美元。鉴于这6万亿美元是基于2019年的数据，现在可能要高得多。</blockquote></p><p> <b>Unregulated money managers</b></p><p><blockquote><b>不受监管的基金经理</b></blockquote></p><p> Here’s the potential danger. Family offices generally aren’t regulated. The 1940 Investment Advisers Act says firms with 15 clients or fewer don’t have to register with the Securities and Exchange Commission. What this means is that trillions of dollars are in play and no one can really say who’s running the money, what it’s invested in, how much leverage is being used, and what kind of counterparty risk may exist. (Counterparty risk is the probability that one party involved in a financial transaction could default on a contractual obligation to someone else.)</p><p><blockquote>这是潜在的危险。家族理财室通常不受监管。1940年《投资顾问法》规定，拥有15名或更少客户的公司无需向美国证券交易委员会注册。这意味着数万亿美元正在发挥作用，没有人能真正说出谁在管理这笔钱，它投资于什么，使用了多少杠杆，以及可能存在什么样的交易对手风险。（交易对手风险是指参与金融交易的一方可能违反对另一方的合同义务的概率。）</blockquote></p><p> This appears to be the case with Archegos. The firm bet heavily on certain Chinese stocks, including e-commerce player&nbsp;Vipshop Holdings&nbsp;Ltd.VIPS,-1.19%,U.S.-listed Chinese tutoring company&nbsp;GSX Techedu&nbsp;Inc.GSX,-10.63%and U.S. media companiesViacomCBS&nbsp;Inc.VIAC,-3.90%and&nbsp;Discovery&nbsp;Inc.DISCA,-3.86%,among others. Share prices have tumbled lately, sparking large sales — some $30 billion — by Archegos.</p><p><blockquote>Archegos似乎就是这种情况。该公司大举押注某些中国股票，包括电子商务公司唯品会控股有限公司VIPS，-1.19%，在美国上市的中国家教公司跟谁学GSX，-10.63%，以及美国媒体公司维亚康姆哥伦比亚广播公司VIAC，-3.90%和Discovery Inc.DISCA，-3.86%等。最近股价暴跌，引发Archegos的大量抛售（约300亿美元）。</blockquote></p><p> The problem is that only about a third of that, or $10 billion, was its own money. We now know that Archegos worked with some of the biggest names on Wall Street, including&nbsp;Credit Suisse Group AGCS,+1.59%,UBS Group AGUBS,+1.01%,Goldman Sachs Group Inc.GS,-1.25%,&nbsp;Morgan StanleyMS,-0.28%,Deutsche Bank AGDB,+0.74%and Nomura Holdings Inc.&nbsp;NMR,+1.87%.</p><p><blockquote>问题是，其中只有大约三分之一，即100亿美元，是它自己的钱。我们现在知道Archegos与华尔街的一些大牌合作，包括瑞士信贷集团AGCS，+1.59%，瑞银集团AGUBS，+1.01%，高盛集团Inc.GS，-1.25%，摩根士丹利MS，-0.28%，德意志银行AGDB，+0.74%，野村控股公司NMR，+1.87%。</blockquote></p><p> But since family offices are largely allowed to operate unregulated, who’s to say how much money is really involved here and what the extent of market risk is? My colleague Mark DeCambre&nbsp;reported last week that Archegos’ true exposures to bad trades could actuallybe closer to $100 billion.</p><p><blockquote>但由于家族办公室在很大程度上被允许不受监管地运营，谁能说这里真正涉及多少资金以及市场风险有多大？我的同事Mark DeCambre上周报告称，Archegos对不良交易的真实敞口实际上可能接近1000亿美元。</blockquote></p><p> <b>Danger of counterparty risk</b></p><p><blockquote><b>交易对手风险的危险性</b></blockquote></p><p> This is where counterparty risk comes in. As Archegos’ bets went south, the above banks — looking at losses of their own — hit the firm with margin calls. Deutsche quickly dumped about $4 billion in holdings, while Goldman and Morgan Stanley are also said to have unwound their positions, perhaps limiting their downside.</p><p><blockquote>这就是交易对手风险的用武之地。随着Archegos的赌注落空，上述银行考虑到自己的损失，以保证金评级打击了该公司。德意志银行迅速抛售了约40亿美元的持股，而高盛和摩根士丹利据说也已平仓，这或许限制了它们的下跌空间。</blockquote></p><p> So is this a financial crisis? It doesn’t appear to be. Even so, the Securities and Exchange Commission has opened a preliminary investigation into Archegos and its founder, Bill Hwang.</p><p><blockquote>那么这是金融危机吗？似乎不是。即便如此，美国证券交易委员会还是对Archegos及其创始人Bill Hwang展开了初步调查。</blockquote></p><p> One peer, Tom Lee, the research chief of Fundstrat Global Advisors, calls Hwang one of the “top 10 of the best investment minds” he knows.</p><p><blockquote>Fundstrat Global Advisors的研究主管Tom Lee是他认识的“十大最佳投资头脑”之一的评级·黄。</blockquote></p><p> But federal regulators may have a lesser opinion. In 2012, Hwang’s former hedge fund, Tiger Asia Management, pleaded guilty and paid more than $60 million in penalties after it was accused of trading on illegal tips about Chinese banks. The SEC banned Hwang from managing money on behalf of clients — essentially booting him from the hedge fund industry. So Hwang opened Archegos, and again, family offices aren’t generally aren’t regulated.</p><p><blockquote>但联邦监管机构的意见可能较少。2012年，黄禹锡的前对冲基金老虎亚洲管理公司(Tiger Asia Management)认罪并支付了超过6000万美元的罚款，此前该公司被指控利用有关中国银行的非法线索进行交易。美国证券交易委员会禁止黄禹锡代表客户管理资金——实质上是将他踢出对冲基金行业。因此，Hwang开设了Archegos，同样，家族理财室通常不受监管。</blockquote></p><p> <b>Yellen on the case</b></p><p><blockquote><b>耶伦谈此案</b></blockquote></p><p> This issue is on Treasury Secretary Janet Yellen’s radar. She said last week that greater oversight of these private corners of the financial industry is needed. The Financial Stability Oversight Council (FSOC), which she oversees, has revived a task force to help agencies better “share data, identify risks and work to strengthen our financial system.”</p><p><blockquote>这个问题引起了财政部长珍妮特·耶伦的关注。她上周表示，需要加强对金融业这些私人角落的监管。她监管的金融稳定监督委员会（FSOC）重新成立了一个工作组，以帮助各机构更好地“共享数据、识别风险并努力加强我们的金融体系”。</blockquote></p><p></p><p> Most financial crises end up with American taxpayers getting stuck with the tab. Gains belong to the risk-takers. But losses — they belong to us. To paraphrase Abe Lincoln, family offices — a multi-trillion dollar industry largely allowed to operate in the shadows in a global financial system that is more intertwined than ever — are of the super-wealthy, by the super-wealthy and for the super-wealthy. And no one else.</p><p><blockquote>大多数金融危机最终都是美国纳税人陷入困境。收益属于冒险者。但是损失——它们属于我们。套用亚伯·林肯（Abe Lincoln）的话，家族办公室——一个价值数万亿美元的行业，在一个比以往任何时候都更加交织在一起的全球金融体系中，很大程度上被允许在阴影中运作——属于超级富豪，由超级富豪经营，为超级富豪服务。没有其他人。</blockquote></p><p> The Archegos collapse may or may not be the beginning of yet another financial crisis. But who’s to say what thousands of other family offices are doing with their trillions, and whether similar problems could blow up?</p><p><blockquote>Archegos的倒闭可能是也可能不是另一场金融危机的开始。但谁能说其他数千家家族理财室正在用他们的数万亿美元做什么，以及类似的问题是否会爆发？</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>Opinion: Financial crises get triggered about every 10 years — Archegos might be right on time<blockquote>观点：金融危机大约每10年就会引发一次——Archegos可能准时出现</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\">\nOpinion: Financial crises get triggered about every 10 years — Archegos might be right on time<blockquote>观点：金融危机大约每10年就会引发一次——Archegos可能准时出现</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">marketwatch</strong><span class=\"h-time small\">2021-04-06 09:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.</b>  Financial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.</p><p><blockquote><b>目前，没有人能肯定地说，所谓的家族办公室数十亿美元的投资损失不会蔓延。</b>金融危机从来都不完全一样。20世纪80年代末，美国近三分之一的储蓄和贷款协会倒闭，最终获得了约2650亿美元的纳税人救助（按2021年计算）。</blockquote></p><p> In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management(LTCM). Its reach and operating practices were such that Federal Reserve Chairman Alan Greenspan said that when LTCM failed, “he had never seen anything in his lifetime that compared to the terror” he felt. LTCM was deemed “too big to fail,” and he engineered a bailout by 14 major U.S. financial institutions.</p><p><blockquote>1997-1998年，亚洲和俄国的金融危机导致美国最大的对冲基金——长期资本管理公司（LTCM）几近崩溃。它的影响力和运营实践如此之大，以至于美联储主席艾伦·格林斯潘说，当LTCM失败时，“他一生中从未见过任何与他所感受到的恐怖相比的事情”。LTCM被认为“太大而不能倒”，他策划了对14家美国主要金融机构的救助。</blockquote></p><p> Exactly a decade later, too much leverage by some of those very institutions, and the bursting of a U.S. real estate bubble, led to the near collapse of the U.S. financial system. Once again, big banks were deemed too big to fail and taxpayers came to the rescue.</p><p><blockquote>整整十年后，其中一些机构的过度杠杆化，以及美国房地产泡沫的破裂，导致美国金融体系几近崩溃。大银行再一次被认为太大而不能倒，纳税人前来救援。</blockquote></p><p> The trend? Every 10 years or so, and they all look different.&nbsp;Are we in the early stages of a new crisis now, with the blowup at the family office Archegos Capital Management LP?</p><p><blockquote>趋势？每隔10年左右，它们看起来都不一样。随着家族办公室Archegos Capital Management LP的爆发，我们现在是否正处于新危机的早期阶段？</blockquote></p><p> A family office, for the uninitiated, is a private wealth management vehicle for the ultra-wealthy. Here’s what I mean by ultra-wealthy: Consulting firm EY estimates there are some 10,000 family offices globally, but manage, says a separate estimate by market research firm Campden Research, nearly $6 trillion. That $6 trillion is likely far higher now given that it’s based on 2019 data.</p><p><blockquote>对于外行人来说，家族办公室是超级富豪的私人财富管理工具。这就是我所说的超级富豪的意思：咨询公司安永估计全球约有10,000个家族理财室，但市场研究公司Campden Research的另一项估计称，管理家族理财室的规模接近6万亿美元。鉴于这6万亿美元是基于2019年的数据，现在可能要高得多。</blockquote></p><p> <b>Unregulated money managers</b></p><p><blockquote><b>不受监管的基金经理</b></blockquote></p><p> Here’s the potential danger. Family offices generally aren’t regulated. The 1940 Investment Advisers Act says firms with 15 clients or fewer don’t have to register with the Securities and Exchange Commission. What this means is that trillions of dollars are in play and no one can really say who’s running the money, what it’s invested in, how much leverage is being used, and what kind of counterparty risk may exist. (Counterparty risk is the probability that one party involved in a financial transaction could default on a contractual obligation to someone else.)</p><p><blockquote>这是潜在的危险。家族理财室通常不受监管。1940年《投资顾问法》规定，拥有15名或更少客户的公司无需向美国证券交易委员会注册。这意味着数万亿美元正在发挥作用，没有人能真正说出谁在管理这笔钱，它投资于什么，使用了多少杠杆，以及可能存在什么样的交易对手风险。（交易对手风险是指参与金融交易的一方可能违反对另一方的合同义务的概率。）</blockquote></p><p> This appears to be the case with Archegos. The firm bet heavily on certain Chinese stocks, including e-commerce player&nbsp;Vipshop Holdings&nbsp;Ltd.VIPS,-1.19%,U.S.-listed Chinese tutoring company&nbsp;GSX Techedu&nbsp;Inc.GSX,-10.63%and U.S. media companiesViacomCBS&nbsp;Inc.VIAC,-3.90%and&nbsp;Discovery&nbsp;Inc.DISCA,-3.86%,among others. Share prices have tumbled lately, sparking large sales — some $30 billion — by Archegos.</p><p><blockquote>Archegos似乎就是这种情况。该公司大举押注某些中国股票，包括电子商务公司唯品会控股有限公司VIPS，-1.19%，在美国上市的中国家教公司跟谁学GSX，-10.63%，以及美国媒体公司维亚康姆哥伦比亚广播公司VIAC，-3.90%和Discovery Inc.DISCA，-3.86%等。最近股价暴跌，引发Archegos的大量抛售（约300亿美元）。</blockquote></p><p> The problem is that only about a third of that, or $10 billion, was its own money. We now know that Archegos worked with some of the biggest names on Wall Street, including&nbsp;Credit Suisse Group AGCS,+1.59%,UBS Group AGUBS,+1.01%,Goldman Sachs Group Inc.GS,-1.25%,&nbsp;Morgan StanleyMS,-0.28%,Deutsche Bank AGDB,+0.74%and Nomura Holdings Inc.&nbsp;NMR,+1.87%.</p><p><blockquote>问题是，其中只有大约三分之一，即100亿美元，是它自己的钱。我们现在知道Archegos与华尔街的一些大牌合作，包括瑞士信贷集团AGCS，+1.59%，瑞银集团AGUBS，+1.01%，高盛集团Inc.GS，-1.25%，摩根士丹利MS，-0.28%，德意志银行AGDB，+0.74%，野村控股公司NMR，+1.87%。</blockquote></p><p> But since family offices are largely allowed to operate unregulated, who’s to say how much money is really involved here and what the extent of market risk is? My colleague Mark DeCambre&nbsp;reported last week that Archegos’ true exposures to bad trades could actuallybe closer to $100 billion.</p><p><blockquote>但由于家族办公室在很大程度上被允许不受监管地运营，谁能说这里真正涉及多少资金以及市场风险有多大？我的同事Mark DeCambre上周报告称，Archegos对不良交易的真实敞口实际上可能接近1000亿美元。</blockquote></p><p> <b>Danger of counterparty risk</b></p><p><blockquote><b>交易对手风险的危险性</b></blockquote></p><p> This is where counterparty risk comes in. As Archegos’ bets went south, the above banks — looking at losses of their own — hit the firm with margin calls. Deutsche quickly dumped about $4 billion in holdings, while Goldman and Morgan Stanley are also said to have unwound their positions, perhaps limiting their downside.</p><p><blockquote>这就是交易对手风险的用武之地。随着Archegos的赌注落空，上述银行考虑到自己的损失，以保证金评级打击了该公司。德意志银行迅速抛售了约40亿美元的持股，而高盛和摩根士丹利据说也已平仓，这或许限制了它们的下跌空间。</blockquote></p><p> So is this a financial crisis? It doesn’t appear to be. Even so, the Securities and Exchange Commission has opened a preliminary investigation into Archegos and its founder, Bill Hwang.</p><p><blockquote>那么这是金融危机吗？似乎不是。即便如此，美国证券交易委员会还是对Archegos及其创始人Bill Hwang展开了初步调查。</blockquote></p><p> One peer, Tom Lee, the research chief of Fundstrat Global Advisors, calls Hwang one of the “top 10 of the best investment minds” he knows.</p><p><blockquote>Fundstrat Global Advisors的研究主管Tom Lee是他认识的“十大最佳投资头脑”之一的评级·黄。</blockquote></p><p> But federal regulators may have a lesser opinion. In 2012, Hwang’s former hedge fund, Tiger Asia Management, pleaded guilty and paid more than $60 million in penalties after it was accused of trading on illegal tips about Chinese banks. The SEC banned Hwang from managing money on behalf of clients — essentially booting him from the hedge fund industry. So Hwang opened Archegos, and again, family offices aren’t generally aren’t regulated.</p><p><blockquote>但联邦监管机构的意见可能较少。2012年，黄禹锡的前对冲基金老虎亚洲管理公司(Tiger Asia Management)认罪并支付了超过6000万美元的罚款，此前该公司被指控利用有关中国银行的非法线索进行交易。美国证券交易委员会禁止黄禹锡代表客户管理资金——实质上是将他踢出对冲基金行业。因此，Hwang开设了Archegos，同样，家族理财室通常不受监管。</blockquote></p><p> <b>Yellen on the case</b></p><p><blockquote><b>耶伦谈此案</b></blockquote></p><p> This issue is on Treasury Secretary Janet Yellen’s radar. She said last week that greater oversight of these private corners of the financial industry is needed. The Financial Stability Oversight Council (FSOC), which she oversees, has revived a task force to help agencies better “share data, identify risks and work to strengthen our financial system.”</p><p><blockquote>这个问题引起了财政部长珍妮特·耶伦的关注。她上周表示，需要加强对金融业这些私人角落的监管。她监管的金融稳定监督委员会（FSOC）重新成立了一个工作组，以帮助各机构更好地“共享数据、识别风险并努力加强我们的金融体系”。</blockquote></p><p></p><p> Most financial crises end up with American taxpayers getting stuck with the tab. Gains belong to the risk-takers. But losses — they belong to us. To paraphrase Abe Lincoln, family offices — a multi-trillion dollar industry largely allowed to operate in the shadows in a global financial system that is more intertwined than ever — are of the super-wealthy, by the super-wealthy and for the super-wealthy. And no one else.</p><p><blockquote>大多数金融危机最终都是美国纳税人陷入困境。收益属于冒险者。但是损失——它们属于我们。套用亚伯·林肯（Abe Lincoln）的话，家族办公室——一个价值数万亿美元的行业，在一个比以往任何时候都更加交织在一起的全球金融体系中，很大程度上被允许在阴影中运作——属于超级富豪，由超级富豪经营，为超级富豪服务。没有其他人。</blockquote></p><p> The Archegos collapse may or may not be the beginning of yet another financial crisis. But who’s to say what thousands of other family offices are doing with their trillions, and whether similar problems could blow up?</p><p><blockquote>Archegos的倒闭可能是也可能不是另一场金融危机的开始。但谁能说其他数千家家族理财室正在用他们的数万亿美元做什么，以及类似的问题是否会爆发？</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/financial-crises-happen-about-every-10-years-which-makes-the-archegos-meltdown-unnerving-11617634942?mod=home-page\">marketwatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/financial-crises-happen-about-every-10-years-which-makes-the-archegos-meltdown-unnerving-11617634942?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101907559","content_text":"No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.\n\nFinancial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.\nIn 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management(LTCM). Its reach and operating practices were such that Federal Reserve Chairman Alan Greenspan said that when LTCM failed, “he had never seen anything in his lifetime that compared to the terror” he felt. LTCM was deemed “too big to fail,” and he engineered a bailout by 14 major U.S. financial institutions.\nExactly a decade later, too much leverage by some of those very institutions, and the bursting of a U.S. real estate bubble, led to the near collapse of the U.S. financial system. Once again, big banks were deemed too big to fail and taxpayers came to the rescue.\nThe trend? Every 10 years or so, and they all look different. Are we in the early stages of a new crisis now, with the blowup at the family office Archegos Capital Management LP?\nA family office, for the uninitiated, is a private wealth management vehicle for the ultra-wealthy. Here’s what I mean by ultra-wealthy: Consulting firm EY estimates there are some 10,000 family offices globally, but manage, says a separate estimate by market research firm Campden Research, nearly $6 trillion. That $6 trillion is likely far higher now given that it’s based on 2019 data.\nUnregulated money managers\nHere’s the potential danger. Family offices generally aren’t regulated. The 1940 Investment Advisers Act says firms with 15 clients or fewer don’t have to register with the Securities and Exchange Commission. What this means is that trillions of dollars are in play and no one can really say who’s running the money, what it’s invested in, how much leverage is being used, and what kind of counterparty risk may exist. (Counterparty risk is the probability that one party involved in a financial transaction could default on a contractual obligation to someone else.)\nThis appears to be the case with Archegos. The firm bet heavily on certain Chinese stocks, including e-commerce player Vipshop Holdings Ltd.VIPS,-1.19%,U.S.-listed Chinese tutoring company GSX Techedu Inc.GSX,-10.63%and U.S. media companiesViacomCBS Inc.VIAC,-3.90%and Discovery Inc.DISCA,-3.86%,among others. Share prices have tumbled lately, sparking large sales — some $30 billion — by Archegos.\nThe problem is that only about a third of that, or $10 billion, was its own money. We now know that Archegos worked with some of the biggest names on Wall Street, including Credit Suisse Group AGCS,+1.59%,UBS Group AGUBS,+1.01%,Goldman Sachs Group Inc.GS,-1.25%, Morgan StanleyMS,-0.28%,Deutsche Bank AGDB,+0.74%and Nomura Holdings Inc. NMR,+1.87%.\nBut since family offices are largely allowed to operate unregulated, who’s to say how much money is really involved here and what the extent of market risk is? My colleague Mark DeCambre reported last week that Archegos’ true exposures to bad trades could actuallybe closer to $100 billion.\nDanger of counterparty risk\nThis is where counterparty risk comes in. As Archegos’ bets went south, the above banks — looking at losses of their own — hit the firm with margin calls. Deutsche quickly dumped about $4 billion in holdings, while Goldman and Morgan Stanley are also said to have unwound their positions, perhaps limiting their downside.\nSo is this a financial crisis? It doesn’t appear to be. Even so, the Securities and Exchange Commission has opened a preliminary investigation into Archegos and its founder, Bill Hwang.\nOne peer, Tom Lee, the research chief of Fundstrat Global Advisors, calls Hwang one of the “top 10 of the best investment minds” he knows.\nBut federal regulators may have a lesser opinion. In 2012, Hwang’s former hedge fund, Tiger Asia Management, pleaded guilty and paid more than $60 million in penalties after it was accused of trading on illegal tips about Chinese banks. The SEC banned Hwang from managing money on behalf of clients — essentially booting him from the hedge fund industry. So Hwang opened Archegos, and again, family offices aren’t generally aren’t regulated.\nYellen on the case\nThis issue is on Treasury Secretary Janet Yellen’s radar. She said last week that greater oversight of these private corners of the financial industry is needed. The Financial Stability Oversight Council (FSOC), which she oversees, has revived a task force to help agencies better “share data, identify risks and work to strengthen our financial system.”\nMost financial crises end up with American taxpayers getting stuck with the tab. Gains belong to the risk-takers. But losses — they belong to us. To paraphrase Abe Lincoln, family offices — a multi-trillion dollar industry largely allowed to operate in the shadows in a global financial system that is more intertwined than ever — are of the super-wealthy, by the super-wealthy and for the super-wealthy. And no one else.\nThe Archegos collapse may or may not be the beginning of yet another financial crisis. But who’s to say what thousands of other family offices are doing with their trillions, and whether similar problems could blow up?","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,"SPY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103185112,"gmtCreate":1619756458236,"gmtModify":1631887488885,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Like and comment please?","listText":"Like and comment please?","text":"Like and comment please?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/103185112","repostId":"1169468350","repostType":4,"repost":{"id":"1169468350","kind":"news","pubTimestamp":1619746070,"share":"https://www.laohu8.com/m/news/1169468350?lang=zh_CN&edition=full","pubTime":"2021-04-30 09:27","market":"us","language":"en","title":"Apple's Got A $204 Billion 'Problem' That's Costing It A Fortune<blockquote>苹果面临2040亿美元的“问题”，让其损失惨重</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1169468350","media":"investors","summary":"Not only didApplesmash first-quarter profit forecasts, it just broke past another S&P 500 threshold: cash. The problem is the company can't get rid of it fast enough — which is costing investors.The tech sector giant ended the three months ended in March 2021 with cash and investments of $204 billion. That's up nearly 5% in a month and keeps Apple No. 1, by far, in the S&P 500 in terms of cash on hand. Google parentAlphabet in the communications services sector is a distant No. 2 with $160 billi","content":"<p>Not only did<b>Apple</b>(AAPL)smash first-quarter profit forecasts, it just broke past another S&amp;P 500 threshold: cash. The problem is the company can't get rid of it fast enough — which is costing investors.</p><p><blockquote>不仅<b>苹果</b>（AAPL）打破了第一季度利润预期，它刚刚突破了标普500的另一个门槛：现金。问题是该公司无法足够快地摆脱它——这让投资者付出了代价。</blockquote></p><p>The tech sector giant ended the three months ended in March 2021 with cash and investments of $204 billion. That's up nearly 5% in a month and keeps Apple No. 1, by far, in the S&amp;P 500 in terms of cash on hand. Google parent<b>Alphabet</b>(GOOGL) in the communications services sector is a distant No. 2 with $160 billion in cash and investments. And<b>Microsoft</b>(MSFT) comes in third with $130 billion, says an Investor's Business Daily analysis of data from S&amp;P Global Market Intelligence andMarketSmith, excluding the financial sector.</p><p><blockquote>截至2021年3月的三个月，这家科技行业巨头拥有2040亿美元的现金和投资。这一数字在一个月内增长了近5%，使苹果在手头现金方面迄今为止在标普500排名第一。谷歌母公司<b>Alphabet</b>（GOOGL）在通信服务领域遥遥领先，拥有1600亿美元的现金和投资。和<b>微软</b>《投资者商业日报》对标准普尔全球市场情报和MarketSmith（不包括金融行业）数据的分析显示，(MSFT)以1300亿美元排名第三。</blockquote></p><p>Apple's cash pile continues to accumulate, despite aggressive efforts to get rid of it. Talk about a good, but costly, problem to have.</p><p><blockquote>尽管苹果积极努力摆脱现金，但其现金储备仍在继续积累。谈论一个好的，但代价高昂的问题。</blockquote></p><p><b>Mounting Piles Of Cash</b></p><p><blockquote><b>越来越多的现金</b></blockquote></p><p>Mounting cash piles at S&amp;P 500 companies aregetting more attention.</p><p><blockquote>标普500公司不断增加的现金储备引起了更多关注。</blockquote></p><p>Companies stockpiling cash wasfine with investorsduring the uncertainty of the pandemic. But now, cries for higher dividends and stock buybacks are getting louder. Excluding financials, S&amp;P 500 companies' cash and investments is up this year to more than $2.7 trillion.</p><p><blockquote>在疫情的不确定性期间，储备现金的公司对投资者来说很好。但现在，要求提高股息和股票回购的呼声越来越高。不包括金融股，标普500公司的现金和投资今年已增至超过2.7万亿美元。</blockquote></p><p>\"I would expect to see additional (dividend) initiations from (companies) that previously suspended, and increases from some that reduced their rate, dependent on how the economy reacts to the vaccine progress, any new developments with respect to the virus spread and mutants, and any consumer spending reactions,\" said Howard Silverblatt, index strategist at S&amp;P Dow Jones Indices.</p><p><blockquote>“我预计之前暂停的（公司）会增加（股息），而一些降低股息率的公司会增加股息，这取决于经济对疫苗进展的反应、病毒传播和突变体方面的任何新进展，以及任何消费者支出反应，”标准普尔道琼斯指数指数策略师霍华德·西尔弗布拉特(Howard Silverblatt)表示。</blockquote></p><p>Apple's cash pile is impressive. But it's a costly luxury.</p><p><blockquote>苹果的现金储备令人印象深刻。但这是一种昂贵的奢侈品。</blockquote></p><p>It ended the March quarter with $38.5 billion in cash, $31.4 billion in short-term marketable securities and $134.5 billion in long-term marketable securities. Marketable securities are investments that can be quickly and easily turned into cash. A bulk of Apple's marketable securities are held in U.S. Treasuries.</p><p><blockquote>截至3月份季度末，该公司拥有385亿美元现金、314亿美元短期有价证券和1,345亿美元长期有价证券。有价证券是可以快速轻松地转化为现金的投资。苹果的大部分有价证券都持有美国国债。</blockquote></p><p>That's enough to give all 328 million men, women and children in the U.S. $623 apiece.</p><p><blockquote>这足以为美国3.28亿男女老少每人提供623美元。</blockquote></p><p>And that's the criticism. Cash and Treasuries are a bad place to be now. The yield on the 10-Year Treasury is just 1.62%. That's half what it was in 2018.</p><p><blockquote>这就是批评。现金和国债现在不是一个好地方。10年期国债收益率仅为1.62%。这是2018年的一半。</blockquote></p><p>Apple's cash and investments first topped $200 billion in the fiscal year ended in September 2015. Since then it has aggressively tried to dispense of it. Apple announced plans this week for billions in capital expenditures. It's also raising its stock buyback program by $90 billion. Additionally, it hiked its quarterly dividend by 7% to 22 cents a share. That means Apple yields more than 0.6%, in an sector not known for ahigh yield.</p><p><blockquote>截至2015年9月的财年，苹果的现金和投资首次突破2000亿美元。从那时起，它就积极地试图摆脱它。苹果本周宣布了数十亿美元的资本支出计划。它还将股票回购计划提高了900亿美元。此外，该公司还将季度股息提高了7%，达到每股22美分。这意味着苹果的收益率超过0.6%，而这个行业并不以高收益率而闻名。</blockquote></p><p>The yield on the Technology Select Sector SPDR ETF (XLK) is 0.8%. That's well below the 1.4% dividend yield of the SPDR S&amp;P 500 (SPY).</p><p><blockquote>科技精选行业SPDR ETF(XLK)的收益率为0.8%。这远低于SPDR标普500（SPDR标普500指数ETF）1.4%的股息收益率。</blockquote></p><p><b>What All That Cash Is Costing Apple</b></p><p><blockquote><b>苹果花了多少钱</b></blockquote></p><p>Apple continues to print money faster than it can get rid of it. But the opportunity cost of holding so much cash is staggeringly large. A 1.62% yield on $204 billion is just $3.3 billion a year.</p><p><blockquote>苹果继续印钞的速度超过了它摆脱钞票的速度。但持有如此多现金的机会成本大得惊人。2040亿美元的收益率为1.62%，每年仅为33亿美元。</blockquote></p><p>Putting that massive amount of money to better use could be highly profitable. That same money invested in Apple's own stock a year ago would have resulted in a gain of $174 billion. Just getting an S&amp;P 500-like long-term return equals $20 billion annually.</p><p><blockquote>更好地利用这笔巨额资金可能会带来丰厚的利润。一年前，同样的资金投资于苹果自己的股票将带来1740亿美元的收益。仅获得标普500式的长期回报就相当于每年200亿美元。</blockquote></p><p>So by holding hundreds of billions, Apple investors are losing out on billions. Whatshould you look at before buying Apple stock?</p><p><blockquote>因此，通过持有数千亿美元，苹果投资者损失了数十亿美元。购买苹果股票之前您应该考虑什么？</blockquote></p><p><b>What To Do With All That Cash?</b></p><p><blockquote><b>这些现金怎么办？</b></blockquote></p><p>S&amp;P 500 nonfinancial companies are sitting on a record $1.9 trillion in cash alone (excluding investments), says S&amp;P Global Market Intelligence.</p><p><blockquote>标准普尔全球市场情报表示，仅标普500非金融公司就坐拥创纪录的1.9万亿美元现金（不包括投资）。</blockquote></p><p>Dividends are rising. Investors are also prepping for a big jump in buybacks, too. S&amp;P 500 companies spent $130.6 billion buying back their shares in the fourth quarter of 2020, says S&amp;P Global Market Intelligence. That's up from a recent low of $88.7 billion in the second quarter. Companies are also borrowing less. U.S. companies issued just $192.3 billion in debt in March, down 26% from the same year-ago period.</p><p><blockquote>股息正在上升。投资者也在为回购大幅增加做准备。标准普尔全球市场情报称，标普500公司在2020年第四季度斥资1306亿美元回购股票。这高于第二季度887亿美元的近期低点。公司的借款也在减少。美国公司3月份仅发行了1923亿美元的债务，比去年同期下降了26%。</blockquote></p><p>S&amp;P 500 companies can afford to pay more to investors. Apple is only paying out 22% of earnings as a dividend (prior to its latest dividend hike).IBD Long-Term Leader Microsoftyields just 0.9% and pays out less than 30% of profit. And Alphabet, the No. 2 richest S&amp;P 500 company andLeaderboard member, pays no dividend at all. Should youbuy Alphabet stock now?</p><p><blockquote>标普500公司有能力向投资者支付更多费用。苹果仅支付收益的22%作为股息（在最近一次股息上调之前）。IBD长期领导者微软的收益率仅为0.9%，支付的利润不到30%。标普500第二富有的公司和排行榜成员Alphabet根本不支付股息。您现在应该购买Alphabet股票吗？</blockquote></p><p>When will S&amp;P 500 investors demand to get their cash?</p><p><blockquote>标普500投资者什么时候会要求拿到现金？</blockquote></p><p></p>","source":"lsy1610449120050","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>Apple's Got A $204 Billion 'Problem' That's Costing It A Fortune<blockquote>苹果面临2040亿美元的“问题”，让其损失惨重</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\">\nApple's Got A $204 Billion 'Problem' That's Costing It A Fortune<blockquote>苹果面临2040亿美元的“问题”，让其损失惨重</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">investors</strong><span class=\"h-time small\">2021-04-30 09:27</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Not only did<b>Apple</b>(AAPL)smash first-quarter profit forecasts, it just broke past another S&amp;P 500 threshold: cash. The problem is the company can't get rid of it fast enough — which is costing investors.</p><p><blockquote>不仅<b>苹果</b>（AAPL）打破了第一季度利润预期，它刚刚突破了标普500的另一个门槛：现金。问题是该公司无法足够快地摆脱它——这让投资者付出了代价。</blockquote></p><p>The tech sector giant ended the three months ended in March 2021 with cash and investments of $204 billion. That's up nearly 5% in a month and keeps Apple No. 1, by far, in the S&amp;P 500 in terms of cash on hand. Google parent<b>Alphabet</b>(GOOGL) in the communications services sector is a distant No. 2 with $160 billion in cash and investments. And<b>Microsoft</b>(MSFT) comes in third with $130 billion, says an Investor's Business Daily analysis of data from S&amp;P Global Market Intelligence andMarketSmith, excluding the financial sector.</p><p><blockquote>截至2021年3月的三个月，这家科技行业巨头拥有2040亿美元的现金和投资。这一数字在一个月内增长了近5%，使苹果在手头现金方面迄今为止在标普500排名第一。谷歌母公司<b>Alphabet</b>（GOOGL）在通信服务领域遥遥领先，拥有1600亿美元的现金和投资。和<b>微软</b>《投资者商业日报》对标准普尔全球市场情报和MarketSmith（不包括金融行业）数据的分析显示，(MSFT)以1300亿美元排名第三。</blockquote></p><p>Apple's cash pile continues to accumulate, despite aggressive efforts to get rid of it. Talk about a good, but costly, problem to have.</p><p><blockquote>尽管苹果积极努力摆脱现金，但其现金储备仍在继续积累。谈论一个好的，但代价高昂的问题。</blockquote></p><p><b>Mounting Piles Of Cash</b></p><p><blockquote><b>越来越多的现金</b></blockquote></p><p>Mounting cash piles at S&amp;P 500 companies aregetting more attention.</p><p><blockquote>标普500公司不断增加的现金储备引起了更多关注。</blockquote></p><p>Companies stockpiling cash wasfine with investorsduring the uncertainty of the pandemic. But now, cries for higher dividends and stock buybacks are getting louder. Excluding financials, S&amp;P 500 companies' cash and investments is up this year to more than $2.7 trillion.</p><p><blockquote>在疫情的不确定性期间，储备现金的公司对投资者来说很好。但现在，要求提高股息和股票回购的呼声越来越高。不包括金融股，标普500公司的现金和投资今年已增至超过2.7万亿美元。</blockquote></p><p>\"I would expect to see additional (dividend) initiations from (companies) that previously suspended, and increases from some that reduced their rate, dependent on how the economy reacts to the vaccine progress, any new developments with respect to the virus spread and mutants, and any consumer spending reactions,\" said Howard Silverblatt, index strategist at S&amp;P Dow Jones Indices.</p><p><blockquote>“我预计之前暂停的（公司）会增加（股息），而一些降低股息率的公司会增加股息，这取决于经济对疫苗进展的反应、病毒传播和突变体方面的任何新进展，以及任何消费者支出反应，”标准普尔道琼斯指数指数策略师霍华德·西尔弗布拉特(Howard Silverblatt)表示。</blockquote></p><p>Apple's cash pile is impressive. But it's a costly luxury.</p><p><blockquote>苹果的现金储备令人印象深刻。但这是一种昂贵的奢侈品。</blockquote></p><p>It ended the March quarter with $38.5 billion in cash, $31.4 billion in short-term marketable securities and $134.5 billion in long-term marketable securities. Marketable securities are investments that can be quickly and easily turned into cash. A bulk of Apple's marketable securities are held in U.S. Treasuries.</p><p><blockquote>截至3月份季度末，该公司拥有385亿美元现金、314亿美元短期有价证券和1,345亿美元长期有价证券。有价证券是可以快速轻松地转化为现金的投资。苹果的大部分有价证券都持有美国国债。</blockquote></p><p>That's enough to give all 328 million men, women and children in the U.S. $623 apiece.</p><p><blockquote>这足以为美国3.28亿男女老少每人提供623美元。</blockquote></p><p>And that's the criticism. Cash and Treasuries are a bad place to be now. The yield on the 10-Year Treasury is just 1.62%. That's half what it was in 2018.</p><p><blockquote>这就是批评。现金和国债现在不是一个好地方。10年期国债收益率仅为1.62%。这是2018年的一半。</blockquote></p><p>Apple's cash and investments first topped $200 billion in the fiscal year ended in September 2015. Since then it has aggressively tried to dispense of it. Apple announced plans this week for billions in capital expenditures. It's also raising its stock buyback program by $90 billion. Additionally, it hiked its quarterly dividend by 7% to 22 cents a share. That means Apple yields more than 0.6%, in an sector not known for ahigh yield.</p><p><blockquote>截至2015年9月的财年，苹果的现金和投资首次突破2000亿美元。从那时起，它就积极地试图摆脱它。苹果本周宣布了数十亿美元的资本支出计划。它还将股票回购计划提高了900亿美元。此外，该公司还将季度股息提高了7%，达到每股22美分。这意味着苹果的收益率超过0.6%，而这个行业并不以高收益率而闻名。</blockquote></p><p>The yield on the Technology Select Sector SPDR ETF (XLK) is 0.8%. That's well below the 1.4% dividend yield of the SPDR S&amp;P 500 (SPY).</p><p><blockquote>科技精选行业SPDR ETF(XLK)的收益率为0.8%。这远低于SPDR标普500（SPDR标普500指数ETF）1.4%的股息收益率。</blockquote></p><p><b>What All That Cash Is Costing Apple</b></p><p><blockquote><b>苹果花了多少钱</b></blockquote></p><p>Apple continues to print money faster than it can get rid of it. But the opportunity cost of holding so much cash is staggeringly large. A 1.62% yield on $204 billion is just $3.3 billion a year.</p><p><blockquote>苹果继续印钞的速度超过了它摆脱钞票的速度。但持有如此多现金的机会成本大得惊人。2040亿美元的收益率为1.62%，每年仅为33亿美元。</blockquote></p><p>Putting that massive amount of money to better use could be highly profitable. That same money invested in Apple's own stock a year ago would have resulted in a gain of $174 billion. Just getting an S&amp;P 500-like long-term return equals $20 billion annually.</p><p><blockquote>更好地利用这笔巨额资金可能会带来丰厚的利润。一年前，同样的资金投资于苹果自己的股票将带来1740亿美元的收益。仅获得标普500式的长期回报就相当于每年200亿美元。</blockquote></p><p>So by holding hundreds of billions, Apple investors are losing out on billions. Whatshould you look at before buying Apple stock?</p><p><blockquote>因此，通过持有数千亿美元，苹果投资者损失了数十亿美元。购买苹果股票之前您应该考虑什么？</blockquote></p><p><b>What To Do With All That Cash?</b></p><p><blockquote><b>这些现金怎么办？</b></blockquote></p><p>S&amp;P 500 nonfinancial companies are sitting on a record $1.9 trillion in cash alone (excluding investments), says S&amp;P Global Market Intelligence.</p><p><blockquote>标准普尔全球市场情报表示，仅标普500非金融公司就坐拥创纪录的1.9万亿美元现金（不包括投资）。</blockquote></p><p>Dividends are rising. Investors are also prepping for a big jump in buybacks, too. S&amp;P 500 companies spent $130.6 billion buying back their shares in the fourth quarter of 2020, says S&amp;P Global Market Intelligence. That's up from a recent low of $88.7 billion in the second quarter. Companies are also borrowing less. U.S. companies issued just $192.3 billion in debt in March, down 26% from the same year-ago period.</p><p><blockquote>股息正在上升。投资者也在为回购大幅增加做准备。标准普尔全球市场情报称，标普500公司在2020年第四季度斥资1306亿美元回购股票。这高于第二季度887亿美元的近期低点。公司的借款也在减少。美国公司3月份仅发行了1923亿美元的债务，比去年同期下降了26%。</blockquote></p><p>S&amp;P 500 companies can afford to pay more to investors. Apple is only paying out 22% of earnings as a dividend (prior to its latest dividend hike).IBD Long-Term Leader Microsoftyields just 0.9% and pays out less than 30% of profit. And Alphabet, the No. 2 richest S&amp;P 500 company andLeaderboard member, pays no dividend at all. Should youbuy Alphabet stock now?</p><p><blockquote>标普500公司有能力向投资者支付更多费用。苹果仅支付收益的22%作为股息（在最近一次股息上调之前）。IBD长期领导者微软的收益率仅为0.9%，支付的利润不到30%。标普500第二富有的公司和排行榜成员Alphabet根本不支付股息。您现在应该购买Alphabet股票吗？</blockquote></p><p>When will S&amp;P 500 investors demand to get their cash?</p><p><blockquote>标普500投资者什么时候会要求拿到现金？</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.investors.com/etfs-and-funds/sectors/sp500-every-american-apple-has-more-cash-than-anyone/?src=A00220\">investors</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":{"AAPL":"苹果"},"source_url":"https://www.investors.com/etfs-and-funds/sectors/sp500-every-american-apple-has-more-cash-than-anyone/?src=A00220","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169468350","content_text":"Not only didApple(AAPL)smash first-quarter profit forecasts, it just broke past another S&P 500 threshold: cash. The problem is the company can't get rid of it fast enough — which is costing investors.The tech sector giant ended the three months ended in March 2021 with cash and investments of $204 billion. That's up nearly 5% in a month and keeps Apple No. 1, by far, in the S&P 500 in terms of cash on hand. Google parentAlphabet(GOOGL) in the communications services sector is a distant No. 2 with $160 billion in cash and investments. AndMicrosoft(MSFT) comes in third with $130 billion, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence andMarketSmith, excluding the financial sector.Apple's cash pile continues to accumulate, despite aggressive efforts to get rid of it. Talk about a good, but costly, problem to have.Mounting Piles Of CashMounting cash piles at S&P 500 companies aregetting more attention.Companies stockpiling cash wasfine with investorsduring the uncertainty of the pandemic. But now, cries for higher dividends and stock buybacks are getting louder. Excluding financials, S&P 500 companies' cash and investments is up this year to more than $2.7 trillion.\"I would expect to see additional (dividend) initiations from (companies) that previously suspended, and increases from some that reduced their rate, dependent on how the economy reacts to the vaccine progress, any new developments with respect to the virus spread and mutants, and any consumer spending reactions,\" said Howard Silverblatt, index strategist at S&P Dow Jones Indices.Apple's cash pile is impressive. But it's a costly luxury.It ended the March quarter with $38.5 billion in cash, $31.4 billion in short-term marketable securities and $134.5 billion in long-term marketable securities. Marketable securities are investments that can be quickly and easily turned into cash. A bulk of Apple's marketable securities are held in U.S. Treasuries.That's enough to give all 328 million men, women and children in the U.S. $623 apiece.And that's the criticism. Cash and Treasuries are a bad place to be now. The yield on the 10-Year Treasury is just 1.62%. That's half what it was in 2018.Apple's cash and investments first topped $200 billion in the fiscal year ended in September 2015. Since then it has aggressively tried to dispense of it. Apple announced plans this week for billions in capital expenditures. It's also raising its stock buyback program by $90 billion. Additionally, it hiked its quarterly dividend by 7% to 22 cents a share. That means Apple yields more than 0.6%, in an sector not known for ahigh yield.The yield on the Technology Select Sector SPDR ETF (XLK) is 0.8%. That's well below the 1.4% dividend yield of the SPDR S&P 500 (SPY).What All That Cash Is Costing AppleApple continues to print money faster than it can get rid of it. But the opportunity cost of holding so much cash is staggeringly large. A 1.62% yield on $204 billion is just $3.3 billion a year.Putting that massive amount of money to better use could be highly profitable. That same money invested in Apple's own stock a year ago would have resulted in a gain of $174 billion. Just getting an S&P 500-like long-term return equals $20 billion annually.So by holding hundreds of billions, Apple investors are losing out on billions. Whatshould you look at before buying Apple stock?What To Do With All That Cash?S&P 500 nonfinancial companies are sitting on a record $1.9 trillion in cash alone (excluding investments), says S&P Global Market Intelligence.Dividends are rising. Investors are also prepping for a big jump in buybacks, too. S&P 500 companies spent $130.6 billion buying back their shares in the fourth quarter of 2020, says S&P Global Market Intelligence. That's up from a recent low of $88.7 billion in the second quarter. Companies are also borrowing less. U.S. companies issued just $192.3 billion in debt in March, down 26% from the same year-ago period.S&P 500 companies can afford to pay more to investors. Apple is only paying out 22% of earnings as a dividend (prior to its latest dividend hike).IBD Long-Term Leader Microsoftyields just 0.9% and pays out less than 30% of profit. And Alphabet, the No. 2 richest S&P 500 company andLeaderboard member, pays no dividend at all. Should youbuy Alphabet stock now?When will S&P 500 investors demand to get their cash?","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1838,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371868224,"gmtCreate":1618927379268,"gmtModify":1631887488952,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Like please? :)","listText":"Like please? :)","text":"Like please? :)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/371868224","repostId":"1186349790","repostType":4,"isVote":1,"tweetType":1,"viewCount":1052,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376840848,"gmtCreate":1619104426684,"gmtModify":1631887488930,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Pick up yr act boeing!!","listText":"Pick up yr act boeing!!","text":"Pick up yr act boeing!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/376840848","repostId":"2129380706","repostType":4,"isVote":1,"tweetType":1,"viewCount":1148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374383198,"gmtCreate":1619419041714,"gmtModify":1631887488906,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Do you guys think Tesla is a buy?","listText":"Do you guys think Tesla is a buy?","text":"Do you guys think Tesla is a buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/374383198","repostId":"2130364766","repostType":4,"repost":{"id":"2130364766","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1619318325,"share":"https://www.laohu8.com/m/news/2130364766?lang=zh_CN&edition=full","pubTime":"2021-04-25 10:38","market":"us","language":"en","title":"What to Expect From Tesla's Q1 Earnings Report On Monday<blockquote>特斯拉周一发布的第一季度收益报告有何期待</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2130364766","media":"Benzinga","summary":"EV giant Tesla, Inc.  is scheduled to release its first-quarter results Monday, after the market close.Key Q1 Metrics to Watch For:  Tesla is expected to report non-GAAP earnings per share, or EPS, of 79 cents in the first quarter of 2021, up sharply from 23 cents in the year-ago quarter.The consensus revenue forecast for the quarter is at $10.29 billion, up 72% year-over-year.Focus On Regulatory Credits, Automotive Margins:  The focus is likely to be on regulatory credits, which accounted for 4","content":"<p><img src=\"https://static.tigerbbs.com/fe458ac1cf82668bd4bf27fbaa6506e5\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>EV giant <b>Tesla, Inc. </b>(NASDAQ: TSLA) is scheduled to release its first-quarter results Monday, after the market close.</p><p><blockquote>巨型EV<b>特斯拉公司。</b>（纳斯达克：TSLA）定于周一收盘后发布第一季度业绩。</blockquote></p><p><b>Key Q1 Metrics to Watch For: </b> Tesla is expected to report non-GAAP earnings per share, or EPS, of 79 cents in the first quarter of 2021, up sharply from 23 cents in the year-ago quarter.</p><p><blockquote><b>第一季度值得关注的关键指标：</b>特斯拉预计2021年第一季度非GAAP每股收益(EPS)为79美分，较去年同期的23美分大幅上升。</blockquote></p><p>The consensus revenue forecast for the quarter is at $10.29 billion, up 72% year-over-year.</p><p><blockquote>该季度的普遍收入预测为102.9亿美元，同比增长72%。</blockquote></p><p>In the fourth quarter, Tesla had earned 80 cents per share on a non-GAAP basis on revenues of $10.74 billion.</p><p><blockquote>第四季度，特斯拉按非公认会计准则计算每股收益80美分，营收为107.4亿美元。</blockquote></p><p>Tesla revealed in early April it delivered a record 184,800 vehicles in the first quarter, comprising 182,780 Model 3/Y vehicles and 2,020 Model S/X vehicles. This represents a 109% year-over-year increase and 2.2% sequential growth. Quarterly production was at 180,338.</p><p><blockquote>特斯拉4月初透露，第一季度交付了创纪录的184,800辆汽车，其中包括182,780辆Model 3/Y汽车和2,020辆Model S/X汽车。这意味着同比增长109%，环比增长2.2%。季度产量为180,338辆。</blockquote></p><p><b>Focus On Regulatory Credits, Automotive Margins: </b> The focus is likely to be on regulatory credits, which accounted for 4.3% of its revenues in the fourth quarter of 2020. Zero-emission vehicle regulations adopted by several states allow EV manufacturers to&nbsp;earn regulatory credits, which can be monetized by selling to legacy automakers, who are not able to achieve the minimum target set for the proportion of green energy vehicles sold.</p><p><blockquote><b>关注监管信贷、汽车利润率：</b>重点可能是监管信贷，该信贷占其2020年第四季度收入的4.3%。多个州采用的零排放汽车法规允许电动汽车制造商获得监管积分，这些积分可以通过向无法实现绿色能源汽车销售比例最低目标的传统汽车制造商销售来货币化。</blockquote></p><p>Automotive gross margin slipped to 24.1% in the fourth quarter of 2020 from 27.7% in the previous quarter. It's likely the company could see a further moderation in margins, as production of the higher priced Model S/X vehicles was stalled in the quarter to allow for model refreshes.</p><p><blockquote>汽车毛利率从上一季度的27.7%下滑至2020年第四季度的24.1%。由于价格较高的Model S/X车辆的生产在本季度暂停以进行车型更新，该公司的利润率可能会进一步放缓。</blockquote></p><p><b>View more earnings on TSLA</b></p><p><blockquote><b>查看特斯拉的更多收益</b></blockquote></p><p>With competitive pressure intensifying, Tesla could aggressively slash vehicles prices in order to achieve volume production targets, long-time Tesla bear Gordon Johnson said in a note previewing the quarterly results.</p><p><blockquote>长期看空特斯拉的Gordon Johnson在一份预览季度业绩的报告中表示，随着竞争压力的加剧，特斯拉可能会大幅削减汽车价格，以实现量产目标。</blockquote></p><p>Tesla investors may also be keen to find out more about the company's Bitcoin investment strategy and its decision to allow the use of Bitcoin for vehicle purchases.</p><p><blockquote>特斯拉投资者可能还热衷于了解更多有关该公司比特币投资战略及其允许使用比特币购买车辆的决定。</blockquote></p><p><b>Forward Outlook:</b> Tesla is well positioned to capitalize on the opportunity presented by the exponential growth that is anticipated for green energy vehicles.<b> </b>Its&nbsp;Giga Shanghai factory is now churning out both Model S and Model Y vehicles, and more capacity is expected to come on line with the opening of factories in Berlin and Texas.</p><p><blockquote><b>前瞻：</b>特斯拉处于有利地位，可以利用绿色能源汽车预期的指数增长所带来的机遇。<b></b>其上海超级工厂目前正在生产Model S和Model Y汽车，随着柏林和德克萨斯州工厂的开业，预计产能将增加。</blockquote></p><p>Tesla's CFO Zach Kirkhorn said on the earnings call that the company is shooting for a 50% compounded annual growth rate in volume sales&nbsp;and expects to materially exceed the target in 2021.</p><p><blockquote>特斯拉首席财务官扎克·柯克霍恩(Zach Kirkhorn)在财报看涨期权上表示，该公司的目标是销量复合年增长率达到50%，预计2021年将大幅超过目标。</blockquote></p><p><b>Stock Take: </b> Tesla's shares, which were flying high until early February, joined the tech sell-off that ensued. From a split-adjusted high of $900.40 on Jan. 25, the stock fell to $539.49 on March 5, a peak-to-trough decline of 40%.</p><p><blockquote><b>盘点：</b>特斯拉的股价在二月初之前一直在飙升，随后加入了科技股的抛售。该股从1月25日拆分调整后的高点900.40美元跌至3月5日的539.49美元，峰谷跌幅为40%。</blockquote></p><p>Although the stock has made good some of the losses since then, it is yet to break above $800 level.</p><p><blockquote>尽管该股此后已经弥补了部分损失，但尚未突破800美元水平。</blockquote></p><p>Tesla holds a several-year lead and is now expanding aggressively into storage, and therefore a premium valuation for its shares is justified, CANACCORD Genuity analyst Jed Dorsheimer said in a recent note. The firm has a $1,071 price target for the stock.</p><p><blockquote>CANACCORD Genuity分析师杰德·多斯海默(Jed Dorsheimer)在最近的一份报告中表示，特斯拉保持了数年的领先地位，目前正在积极向存储领域扩张，因此其股票的溢价估值是合理的。该公司对该股的目标价为1,071美元。</blockquote></p><p>Friday, Tesla's shares ended 1.35% higher at $729.40.</p><p><blockquote>周五，特斯拉股价收盘上涨1.35%，至729.40美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What to Expect From Tesla's Q1 Earnings Report On Monday<blockquote>特斯拉周一发布的第一季度收益报告有何期待</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat to Expect From Tesla's Q1 Earnings Report On Monday<blockquote>特斯拉周一发布的第一季度收益报告有何期待</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-04-25 10:38</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/fe458ac1cf82668bd4bf27fbaa6506e5\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>EV giant <b>Tesla, Inc. </b>(NASDAQ: TSLA) is scheduled to release its first-quarter results Monday, after the market close.</p><p><blockquote>巨型EV<b>特斯拉公司。</b>（纳斯达克：TSLA）定于周一收盘后发布第一季度业绩。</blockquote></p><p><b>Key Q1 Metrics to Watch For: </b> Tesla is expected to report non-GAAP earnings per share, or EPS, of 79 cents in the first quarter of 2021, up sharply from 23 cents in the year-ago quarter.</p><p><blockquote><b>第一季度值得关注的关键指标：</b>特斯拉预计2021年第一季度非GAAP每股收益(EPS)为79美分，较去年同期的23美分大幅上升。</blockquote></p><p>The consensus revenue forecast for the quarter is at $10.29 billion, up 72% year-over-year.</p><p><blockquote>该季度的普遍收入预测为102.9亿美元，同比增长72%。</blockquote></p><p>In the fourth quarter, Tesla had earned 80 cents per share on a non-GAAP basis on revenues of $10.74 billion.</p><p><blockquote>第四季度，特斯拉按非公认会计准则计算每股收益80美分，营收为107.4亿美元。</blockquote></p><p>Tesla revealed in early April it delivered a record 184,800 vehicles in the first quarter, comprising 182,780 Model 3/Y vehicles and 2,020 Model S/X vehicles. This represents a 109% year-over-year increase and 2.2% sequential growth. Quarterly production was at 180,338.</p><p><blockquote>特斯拉4月初透露，第一季度交付了创纪录的184,800辆汽车，其中包括182,780辆Model 3/Y汽车和2,020辆Model S/X汽车。这意味着同比增长109%，环比增长2.2%。季度产量为180,338辆。</blockquote></p><p><b>Focus On Regulatory Credits, Automotive Margins: </b> The focus is likely to be on regulatory credits, which accounted for 4.3% of its revenues in the fourth quarter of 2020. Zero-emission vehicle regulations adopted by several states allow EV manufacturers to&nbsp;earn regulatory credits, which can be monetized by selling to legacy automakers, who are not able to achieve the minimum target set for the proportion of green energy vehicles sold.</p><p><blockquote><b>关注监管信贷、汽车利润率：</b>重点可能是监管信贷，该信贷占其2020年第四季度收入的4.3%。多个州采用的零排放汽车法规允许电动汽车制造商获得监管积分，这些积分可以通过向无法实现绿色能源汽车销售比例最低目标的传统汽车制造商销售来货币化。</blockquote></p><p>Automotive gross margin slipped to 24.1% in the fourth quarter of 2020 from 27.7% in the previous quarter. It's likely the company could see a further moderation in margins, as production of the higher priced Model S/X vehicles was stalled in the quarter to allow for model refreshes.</p><p><blockquote>汽车毛利率从上一季度的27.7%下滑至2020年第四季度的24.1%。由于价格较高的Model S/X车辆的生产在本季度暂停以进行车型更新，该公司的利润率可能会进一步放缓。</blockquote></p><p><b>View more earnings on TSLA</b></p><p><blockquote><b>查看特斯拉的更多收益</b></blockquote></p><p>With competitive pressure intensifying, Tesla could aggressively slash vehicles prices in order to achieve volume production targets, long-time Tesla bear Gordon Johnson said in a note previewing the quarterly results.</p><p><blockquote>长期看空特斯拉的Gordon Johnson在一份预览季度业绩的报告中表示，随着竞争压力的加剧，特斯拉可能会大幅削减汽车价格，以实现量产目标。</blockquote></p><p>Tesla investors may also be keen to find out more about the company's Bitcoin investment strategy and its decision to allow the use of Bitcoin for vehicle purchases.</p><p><blockquote>特斯拉投资者可能还热衷于了解更多有关该公司比特币投资战略及其允许使用比特币购买车辆的决定。</blockquote></p><p><b>Forward Outlook:</b> Tesla is well positioned to capitalize on the opportunity presented by the exponential growth that is anticipated for green energy vehicles.<b> </b>Its&nbsp;Giga Shanghai factory is now churning out both Model S and Model Y vehicles, and more capacity is expected to come on line with the opening of factories in Berlin and Texas.</p><p><blockquote><b>前瞻：</b>特斯拉处于有利地位，可以利用绿色能源汽车预期的指数增长所带来的机遇。<b></b>其上海超级工厂目前正在生产Model S和Model Y汽车，随着柏林和德克萨斯州工厂的开业，预计产能将增加。</blockquote></p><p>Tesla's CFO Zach Kirkhorn said on the earnings call that the company is shooting for a 50% compounded annual growth rate in volume sales&nbsp;and expects to materially exceed the target in 2021.</p><p><blockquote>特斯拉首席财务官扎克·柯克霍恩(Zach Kirkhorn)在财报看涨期权上表示，该公司的目标是销量复合年增长率达到50%，预计2021年将大幅超过目标。</blockquote></p><p><b>Stock Take: </b> Tesla's shares, which were flying high until early February, joined the tech sell-off that ensued. From a split-adjusted high of $900.40 on Jan. 25, the stock fell to $539.49 on March 5, a peak-to-trough decline of 40%.</p><p><blockquote><b>盘点：</b>特斯拉的股价在二月初之前一直在飙升，随后加入了科技股的抛售。该股从1月25日拆分调整后的高点900.40美元跌至3月5日的539.49美元，峰谷跌幅为40%。</blockquote></p><p>Although the stock has made good some of the losses since then, it is yet to break above $800 level.</p><p><blockquote>尽管该股此后已经弥补了部分损失，但尚未突破800美元水平。</blockquote></p><p>Tesla holds a several-year lead and is now expanding aggressively into storage, and therefore a premium valuation for its shares is justified, CANACCORD Genuity analyst Jed Dorsheimer said in a recent note. The firm has a $1,071 price target for the stock.</p><p><blockquote>CANACCORD Genuity分析师杰德·多斯海默(Jed Dorsheimer)在最近的一份报告中表示，特斯拉保持了数年的领先地位，目前正在积极向存储领域扩张，因此其股票的溢价估值是合理的。该公司对该股的目标价为1,071美元。</blockquote></p><p>Friday, Tesla's shares ended 1.35% higher at $729.40.</p><p><blockquote>周五，特斯拉股价收盘上涨1.35%，至729.40美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2130364766","content_text":"EV giant Tesla, Inc. (NASDAQ: TSLA) is scheduled to release its first-quarter results Monday, after the market close.Key Q1 Metrics to Watch For:  Tesla is expected to report non-GAAP earnings per share, or EPS, of 79 cents in the first quarter of 2021, up sharply from 23 cents in the year-ago quarter.The consensus revenue forecast for the quarter is at $10.29 billion, up 72% year-over-year.In the fourth quarter, Tesla had earned 80 cents per share on a non-GAAP basis on revenues of $10.74 billion.Tesla revealed in early April it delivered a record 184,800 vehicles in the first quarter, comprising 182,780 Model 3/Y vehicles and 2,020 Model S/X vehicles. This represents a 109% year-over-year increase and 2.2% sequential growth. Quarterly production was at 180,338.Focus On Regulatory Credits, Automotive Margins:  The focus is likely to be on regulatory credits, which accounted for 4.3% of its revenues in the fourth quarter of 2020. Zero-emission vehicle regulations adopted by several states allow EV manufacturers to earn regulatory credits, which can be monetized by selling to legacy automakers, who are not able to achieve the minimum target set for the proportion of green energy vehicles sold.Automotive gross margin slipped to 24.1% in the fourth quarter of 2020 from 27.7% in the previous quarter. It's likely the company could see a further moderation in margins, as production of the higher priced Model S/X vehicles was stalled in the quarter to allow for model refreshes.View more earnings on TSLAWith competitive pressure intensifying, Tesla could aggressively slash vehicles prices in order to achieve volume production targets, long-time Tesla bear Gordon Johnson said in a note previewing the quarterly results.Tesla investors may also be keen to find out more about the company's Bitcoin investment strategy and its decision to allow the use of Bitcoin for vehicle purchases.Forward Outlook: Tesla is well positioned to capitalize on the opportunity presented by the exponential growth that is anticipated for green energy vehicles. Its Giga Shanghai factory is now churning out both Model S and Model Y vehicles, and more capacity is expected to come on line with the opening of factories in Berlin and Texas.Tesla's CFO Zach Kirkhorn said on the earnings call that the company is shooting for a 50% compounded annual growth rate in volume sales and expects to materially exceed the target in 2021.Stock Take:  Tesla's shares, which were flying high until early February, joined the tech sell-off that ensued. From a split-adjusted high of $900.40 on Jan. 25, the stock fell to $539.49 on March 5, a peak-to-trough decline of 40%.Although the stock has made good some of the losses since then, it is yet to break above $800 level.Tesla holds a several-year lead and is now expanding aggressively into storage, and therefore a premium valuation for its shares is justified, CANACCORD Genuity analyst Jed Dorsheimer said in a recent note. The firm has a $1,071 price target for the stock.Friday, Tesla's shares ended 1.35% higher at $729.40.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2944,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327999796,"gmtCreate":1616045928515,"gmtModify":1703496834916,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/327999796","repostId":"1153216866","repostType":4,"isVote":1,"tweetType":1,"viewCount":192,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370380178,"gmtCreate":1618551968694,"gmtModify":1631889869289,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Buy?","listText":"Buy?","text":"Buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370380178","repostId":"1151397636","repostType":4,"isVote":1,"tweetType":1,"viewCount":358,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340352309,"gmtCreate":1617344762301,"gmtModify":1631889869305,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"More growth!","listText":"More growth!","text":"More growth!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/340352309","repostId":"1183906585","repostType":4,"isVote":1,"tweetType":1,"viewCount":317,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355273392,"gmtCreate":1617079857616,"gmtModify":1631892188924,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Wait and see","listText":"Wait and see","text":"Wait and see","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355273392","repostId":"2123607230","repostType":4,"repost":{"id":"2123607230","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":1617070299,"share":"https://www.laohu8.com/m/news/2123607230?lang=zh_CN&edition=full","pubTime":"2021-03-30 10:11","market":"us","language":"en","title":"Beware The 11 Most Overvalued Stocks Now, Analysts Warn<blockquote>分析师警告称，现在要小心11只最被高估的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2123607230","media":"Investors","summary":"Analysts called the Tesla crash and the big tumble in video streamers' stocks. But their warnings are still going unheeded on a number of S&P 500 companies.","content":"<p>Analysts called the <b>Tesla</b> crash and the big tumble in video streamers' stocks. But their warnings are still going unheeded on a number of S&amp;P 500 companies.</p><p><blockquote>分析师称<b>特斯拉</b>视频流媒体股票的崩盘和大幅下跌。但他们的警告仍然被许多标普500公司忽视。</blockquote></p><p>Nearly a dozen S&amp;P 500 companies, including industrials <b>American Airlines</b> and <b>Snap-on</b> plus communications services <b><a href=\"https://laohu8.com/S/LUMN\">Lumen Technologies</a></b> are still grossly overvalued compared to analysts' 12-month price targets on the stocks, says an Investor's Business Daily analysis of data from S&amp;P Global Market Intelligence and MarketSmith.</p><p><blockquote>近十几家标普500公司，包括工业<b>美国航空公司</b>和<b>Snap-on</b>加上通信服务<b><a href=\"https://laohu8.com/S/LUMN\">流明技术</a></b>《投资者商业日报》对标准普尔全球市场情报和MarketSmith数据的分析表示，与分析师对这些股票的12个月目标价相比，这些股票的估值仍然被严重高估。</blockquote></p><p>By analysts' estimates, all 11 of these S&amp;P 500 stocks are at least 10% overvalued. And the warnings come amid big run-ups in most of them. Investors are piling into stocks thought to benefit from a stronger economy. The 11 stocks are up an average 28.2% this year, while the SPDR S&amp;P 500 ETF Trust is up just 5.9%. What's more, eight of the 11 are up 20% or more in 2021 so far.</p><p><blockquote>据分析师估计，所有这11只标普500股票都被高估了至少10%。这些警告是在大多数国家大幅上涨之际发出的。投资者纷纷涌入被认为受益于经济走强的股票。这11只股票今年平均上涨28.2%，而SPDR标普500 ETF信托仅上涨5.9%。更重要的是，到目前为止，11家公司中有8家在2021年上涨了20%或更多。</blockquote></p><p>Seeing analysts dig in with warnings of lower price targets amid a rally, especially in cyclical stocks, is noteworthy.</p><p><blockquote>值得注意的是，分析师在反弹期间不断发出降低目标价的警告，尤其是周期性股票。</blockquote></p><p><b>S&amp;P 500 Analysts Are Actually Bullish</b></p><p><blockquote><b>标普500分析师实际上看涨</b></blockquote></p><p>Analysts have pounded the table warning of overvaluation of Tesla stock. And they also cautioned on shares of <b>ViacomCBS</b> and <b>Discovery</b> before they sold off.</p><p><blockquote>分析师对特斯拉股票估值过高发出警告。他们还对股票发出警告<b>ViacomCBS</b>和<b>发现</b>在他们卖掉之前。</blockquote></p><p>But overall, analysts — like usual — are mostly bullish on S&amp;P 500 stocks. Analysts' 12-month price targets on the individual stocks in the S&amp;P 500 are 6.5% higher than Friday's closing prices.</p><p><blockquote>但总体而言，分析师与往常一样大多看好标普500股票。分析师对标普500个股的12个月目标价较周五收盘价上涨6.5%。</blockquote></p><p>And fundamentals back up the bullishness. Already this year, 60 companies told analysts their earnings in the current quarter will be better than they previously estimated, says John Butters, earnings analyst at Factset.</p><p><blockquote>基本面支持看涨情绪。Factset盈利分析师约翰·巴特斯(John Butters)表示，今年已有60家公司告诉分析师，他们本季度的盈利将好于之前的预期。</blockquote></p><p>That's the highest number of S&amp;P 500 companies issuing positive guidance for a quarter since at least 2006. Only about half that many companies were so positive on the same quarter a year ago. And that in turn means analysts now think S&amp;P 500 companies' profit will jump 23.3% in the first quarter. They only saw a 15.8% jump in first quarter profit at the end of 2020.</p><p><blockquote>这是至少自2006年以来季度发布积极指引的标普500公司数量最多的一次。一年前同一季度，只有大约一半的公司如此乐观。这反过来意味着分析师现在认为标普500公司第一季度的利润将增长23.3%。截至2020年底，他们第一季度利润仅增长了15.8%。</blockquote></p><p><b>But Analysts See Pockets Of Overvaluation</b></p><p><blockquote><b>但分析师认为部分地区估值过高</b></blockquote></p><p>American Airlines is the S&amp;P 500 stock analysts think is way beyond where it should be. And it's easy to see why.</p><p><blockquote>分析师认为美国航空的标普500股票远远超出了应有的水平。原因显而易见。</blockquote></p><p>Just this year, the airline's shares soared 45.4% to 22.93 a share. New investors piled into the airline's shares, even though it lost roughly $9 billion in 2020 as the pandemic all but shut down air travel. Analysts see a comeback, sort of. American is expected to only lose roughly $4 billion, or $7.61 a share, in 2021. But profitability isn't seen until 2022.</p><p><blockquote>就在今年，该航空公司的股价飙升45.4%，至每股22.93美元。尽管由于疫情几乎关闭了航空旅行，该航空公司在2020年损失了约90亿美元，但新投资者还是涌入了该航空公司的股票。分析师认为某种程度上会卷土重来。美国航空预计2021年仅亏损约40亿美元，即每股7.61美元。但要到2022年才能实现盈利。</blockquote></p><p>As a result, analysts' 12-month price target on American is just 15.47 a share. If that's right, it means the stock is 33% overvalued. And it doesn't have strong enough fundamentals to hold it up, either. The company's IBD Composite Rating is just 45. Do you know what to look at before buying American's stock?</p><p><blockquote>因此，分析师对美国航空的12个月目标价仅为每股15.47美元。如果这是正确的，这意味着该股被高估了33%。而且它也没有足够强大的基本面来支撑它。该公司的IBD综合评级仅为45。你知道在购买美国航空公司的股票之前要看什么吗？</blockquote></p><p>Also in the industrials sector, analysts think tool seller Snap-on ran up too far, as well. Shares are up more than 34% this year to 229.63.</p><p><blockquote>同样在工业领域，分析师认为工具销售商Snap安也涨得太远了。今年股价上涨超过34%，至229.63点。</blockquote></p><p>Unlike American, Snap-on has the fundamentals to back it up.</p><p><blockquote>与美国不同，Snap安有基本面支持。</blockquote></p><p>It sports a Composite Rating of 88. Snap-on's adjusted profit per share is seen hitting $12.44 in 2021, up nearly 7% from 2020. But again, analysts think the bulls are getting carried away. After all, profit fell 5% in 2020. So analysts think the company is only worth 190.33 a share in 12 months, or 16% less than it's trading now.</p><p><blockquote>它的综合评分为88分。Snap-安预计2021年调整后每股利润将达到12.44美元，比2020年增长近7%。但分析师再次认为多头正在得意忘形。毕竟，2020年利润下降了5%。因此，分析师认为该公司12个月内每股价值仅为190.33美元，比目前的交易价格低16%。</blockquote></p><p><b>Watch Out For S&amp;P 500 Dividend Darlings</b></p><p><blockquote><b>留意标普500股息宠儿</b></blockquote></p><p>High dividend payers in the S&amp;P 500 are setting the markets on fire. All eight of the top yielding stocks in the S&amp;P 500 are topping the index in 2021 so far. And that includes voice and data networking company, Lumen.</p><p><blockquote>标普500的高股息支付者正在点燃市场。到目前为止，标普500中收益最高的八只股票都在2021年高居该指数榜首。其中包括语音和数据网络公司Lumen。</blockquote></p><p>Lumen is known for its whopping 7.4% dividend yield. That's solid in a world when the S&amp;P 500 yields just 1.5%. But it's even more famous among investors this year for a 35% jump in its stock price to 13.16. It's not exactly a screamingly positive fundamental story, either. Profit per share rose 26.5% in 2020. But profit is seen dropping 6.5% in 2021.</p><p><blockquote>Lumen以其高达7.4%的股息收益率而闻名。在标普500收益率仅为1.5%的世界里，这是可靠的。但今年它在投资者中更加出名，因为它的股价上涨了35%，达到13.16。这也不是一个非常积极的基本面故事。2020年每股利润增长26.5%。但预计2021年利润将下降6.5%。</blockquote></p><p>Analysts just think it's not worth what investors are paying. They're calling for Lumen to trade for 10.78 a share in 12 months, or 18% less than it is now.</p><p><blockquote>分析师只是认为这不值得投资者支付的费用。他们呼吁Lumen在12个月内的交易价格为每股10.78美元，比现在低18%。</blockquote></p><p>It goes without saying analysts aren't always right. They're often wrong. But their warnings this year on S&amp;P 500 high-flyers, though, have been spot on so worth at least listening to.</p><p><blockquote>不用说，分析师并不总是对的。他们经常是错的。但他们今年对标普500雄心勃勃的人的警告非常准确，至少值得一听。</blockquote></p><p><b>The Most Overvalued S&amp;P 500 Stocks: Analysts</b></p><p><blockquote><b>最被高估的标普500股票：分析师</b></blockquote></p><p></p><p><table><thead><tr><th>Company</th><th>Symbol</th><th>Target Price*</th><th>Stock YTD % Ch.</th><th>Implied Downside*</th><th>Sector</th><th>Composite Rating</th></tr></thead><tbody><tr><td>American Airlines</td><td></td><td>15.47</td><td>45.4%</td><td><b>-32.5%</b></td><td>Industrials</td><td>45</td></tr><tr><td>Lumen Technologies</td><td></td><td>10.78</td><td>35.0%</td><td><b>-18.1%</b></td><td>Communication Services</td><td>61</td></tr><tr><td>Snap-on</td><td></td><td>190.33</td><td>34.2%</td><td><b>-17.1%</b></td><td>Industrials</td><td>88</td></tr><tr><td>Nucor</td><td></td><td>66.38</td><td>49.1%</td><td><b>-16.3%</b></td><td>Materials</td><td>97</td></tr><tr><td>Expeditors International of Washington</td><td></td><td>91.64</td><td>13.3%</td><td><b>-15.0%</b></td><td>Industrials</td><td>80</td></tr><tr><td>Franklin Resources</td><td></td><td>25.47</td><td>17.6%</td><td><b>-13.4%</b></td><td>Financials</td><td>79</td></tr><tr><td>Genuine Parts</td><td></td><td>104.33</td><td>18.0%</td><td><b>-12.0%</b></td><td>Consumer Discretionary</td><td>64</td></tr><tr><td>Whirlpool</td><td></td><td>196.44</td><td>23.6%</td><td><b>-11.9%</b></td><td>Consumer Discretionary</td><td>91</td></tr><tr><td>Iron Mountain</td><td></td><td>33.25</td><td>26.5%</td><td><b>-10.8%</b></td><td>Real Estate</td><td>70</td></tr><tr><td>Unum</td><td></td><td>24.73</td><td>20.8%</td><td><b>-10.8%</b></td><td>Financials</td><td>59</td></tr><tr><td>A. O. Smith</td><td></td><td>62.11</td><td>26.8%</td><td><b>-10.6%</b></td><td>Industrials</td><td>74</td></tr></tbody></table><h5>Sources: IBD, S&amp;P Global Market Intelligence, * — based on analysts' 12-month price target</h5></p><p><blockquote><table><thead><tr><th>公司</th><th>象征</th><th>目标价格*</th><th>股票年初至今%Ch。</th><th>隐含的负面影响*</th><th>部门</th><th>综合评级</th></tr></thead><tbody><tr><td>美国航空公司</td><td></td><td>15.47</td><td>45.4%</td><td><b>-32.5%</b></td><td>工业</td><td>45</td></tr><tr><td>流明技术</td><td></td><td>10.78</td><td>35.0%</td><td><b>-18.1%</b></td><td>通讯服务</td><td>61</td></tr><tr><td>Snap-on</td><td></td><td>190.33</td><td>34.2%</td><td><b>-17.1%</b></td><td>工业</td><td>88</td></tr><tr><td>纽科尔</td><td></td><td>66.38</td><td>49.1%</td><td><b>-16.3%</b></td><td>材料</td><td>97</td></tr><tr><td>华盛顿国际快递公司</td><td></td><td>91.64</td><td>13.3%</td><td><b>-15.0%</b></td><td>工业</td><td>80</td></tr><tr><td>富兰克林资源公司</td><td></td><td>25.47</td><td>17.6%</td><td><b>-13.4%</b></td><td>财务</td><td>79</td></tr><tr><td>正品零件</td><td></td><td>104.33</td><td>18.0%</td><td><b>-12.0%</b></td><td>非必需消费品</td><td>64</td></tr><tr><td>漩涡</td><td></td><td>196.44</td><td>23.6%</td><td><b>-11.9%</b></td><td>非必需消费品</td><td>91</td></tr><tr><td>铁山</td><td></td><td>33.25</td><td>26.5%</td><td><b>-10.8%</b></td><td>房地产</td><td>70</td></tr><tr><td>尤努姆</td><td></td><td>24.73</td><td>20.8%</td><td><b>-10.8%</b></td><td>财务</td><td>59</td></tr><tr><td>A.O.史密斯</td><td></td><td>62.11</td><td>26.8%</td><td><b>-10.6%</b></td><td>工业</td><td>74</td></tr></tbody></table><h5>资料来源：IBD、标准普尔全球市场情报*——基于分析师12个月目标价</h5></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBeware The 11 Most Overvalued Stocks Now, Analysts Warn<blockquote>分析师警告称，现在要小心11只最被高估的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time smaller\">2021-03-30 10:11</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Analysts called the <b>Tesla</b> crash and the big tumble in video streamers' stocks. But their warnings are still going unheeded on a number of S&amp;P 500 companies.</p><p><blockquote>分析师称<b>特斯拉</b>视频流媒体股票的崩盘和大幅下跌。但他们的警告仍然被许多标普500公司忽视。</blockquote></p><p>Nearly a dozen S&amp;P 500 companies, including industrials <b>American Airlines</b> and <b>Snap-on</b> plus communications services <b><a href=\"https://laohu8.com/S/LUMN\">Lumen Technologies</a></b> are still grossly overvalued compared to analysts' 12-month price targets on the stocks, says an Investor's Business Daily analysis of data from S&amp;P Global Market Intelligence and MarketSmith.</p><p><blockquote>近十几家标普500公司，包括工业<b>美国航空公司</b>和<b>Snap-on</b>加上通信服务<b><a href=\"https://laohu8.com/S/LUMN\">流明技术</a></b>《投资者商业日报》对标准普尔全球市场情报和MarketSmith数据的分析表示，与分析师对这些股票的12个月目标价相比，这些股票的估值仍然被严重高估。</blockquote></p><p>By analysts' estimates, all 11 of these S&amp;P 500 stocks are at least 10% overvalued. And the warnings come amid big run-ups in most of them. Investors are piling into stocks thought to benefit from a stronger economy. The 11 stocks are up an average 28.2% this year, while the SPDR S&amp;P 500 ETF Trust is up just 5.9%. What's more, eight of the 11 are up 20% or more in 2021 so far.</p><p><blockquote>据分析师估计，所有这11只标普500股票都被高估了至少10%。这些警告是在大多数国家大幅上涨之际发出的。投资者纷纷涌入被认为受益于经济走强的股票。这11只股票今年平均上涨28.2%，而SPDR标普500 ETF信托仅上涨5.9%。更重要的是，到目前为止，11家公司中有8家在2021年上涨了20%或更多。</blockquote></p><p>Seeing analysts dig in with warnings of lower price targets amid a rally, especially in cyclical stocks, is noteworthy.</p><p><blockquote>值得注意的是，分析师在反弹期间不断发出降低目标价的警告，尤其是周期性股票。</blockquote></p><p><b>S&amp;P 500 Analysts Are Actually Bullish</b></p><p><blockquote><b>标普500分析师实际上看涨</b></blockquote></p><p>Analysts have pounded the table warning of overvaluation of Tesla stock. And they also cautioned on shares of <b>ViacomCBS</b> and <b>Discovery</b> before they sold off.</p><p><blockquote>分析师对特斯拉股票估值过高发出警告。他们还对股票发出警告<b>ViacomCBS</b>和<b>发现</b>在他们卖掉之前。</blockquote></p><p>But overall, analysts — like usual — are mostly bullish on S&amp;P 500 stocks. Analysts' 12-month price targets on the individual stocks in the S&amp;P 500 are 6.5% higher than Friday's closing prices.</p><p><blockquote>但总体而言，分析师与往常一样大多看好标普500股票。分析师对标普500个股的12个月目标价较周五收盘价上涨6.5%。</blockquote></p><p>And fundamentals back up the bullishness. Already this year, 60 companies told analysts their earnings in the current quarter will be better than they previously estimated, says John Butters, earnings analyst at Factset.</p><p><blockquote>基本面支持看涨情绪。Factset盈利分析师约翰·巴特斯(John Butters)表示，今年已有60家公司告诉分析师，他们本季度的盈利将好于之前的预期。</blockquote></p><p>That's the highest number of S&amp;P 500 companies issuing positive guidance for a quarter since at least 2006. Only about half that many companies were so positive on the same quarter a year ago. And that in turn means analysts now think S&amp;P 500 companies' profit will jump 23.3% in the first quarter. They only saw a 15.8% jump in first quarter profit at the end of 2020.</p><p><blockquote>这是至少自2006年以来季度发布积极指引的标普500公司数量最多的一次。一年前同一季度，只有大约一半的公司如此乐观。这反过来意味着分析师现在认为标普500公司第一季度的利润将增长23.3%。截至2020年底，他们第一季度利润仅增长了15.8%。</blockquote></p><p><b>But Analysts See Pockets Of Overvaluation</b></p><p><blockquote><b>但分析师认为部分地区估值过高</b></blockquote></p><p>American Airlines is the S&amp;P 500 stock analysts think is way beyond where it should be. And it's easy to see why.</p><p><blockquote>分析师认为美国航空的标普500股票远远超出了应有的水平。原因显而易见。</blockquote></p><p>Just this year, the airline's shares soared 45.4% to 22.93 a share. New investors piled into the airline's shares, even though it lost roughly $9 billion in 2020 as the pandemic all but shut down air travel. Analysts see a comeback, sort of. American is expected to only lose roughly $4 billion, or $7.61 a share, in 2021. But profitability isn't seen until 2022.</p><p><blockquote>就在今年，该航空公司的股价飙升45.4%，至每股22.93美元。尽管由于疫情几乎关闭了航空旅行，该航空公司在2020年损失了约90亿美元，但新投资者还是涌入了该航空公司的股票。分析师认为某种程度上会卷土重来。美国航空预计2021年仅亏损约40亿美元，即每股7.61美元。但要到2022年才能实现盈利。</blockquote></p><p>As a result, analysts' 12-month price target on American is just 15.47 a share. If that's right, it means the stock is 33% overvalued. And it doesn't have strong enough fundamentals to hold it up, either. The company's IBD Composite Rating is just 45. Do you know what to look at before buying American's stock?</p><p><blockquote>因此，分析师对美国航空的12个月目标价仅为每股15.47美元。如果这是正确的，这意味着该股被高估了33%。而且它也没有足够强大的基本面来支撑它。该公司的IBD综合评级仅为45。你知道在购买美国航空公司的股票之前要看什么吗？</blockquote></p><p>Also in the industrials sector, analysts think tool seller Snap-on ran up too far, as well. Shares are up more than 34% this year to 229.63.</p><p><blockquote>同样在工业领域，分析师认为工具销售商Snap安也涨得太远了。今年股价上涨超过34%，至229.63点。</blockquote></p><p>Unlike American, Snap-on has the fundamentals to back it up.</p><p><blockquote>与美国不同，Snap安有基本面支持。</blockquote></p><p>It sports a Composite Rating of 88. Snap-on's adjusted profit per share is seen hitting $12.44 in 2021, up nearly 7% from 2020. But again, analysts think the bulls are getting carried away. After all, profit fell 5% in 2020. So analysts think the company is only worth 190.33 a share in 12 months, or 16% less than it's trading now.</p><p><blockquote>它的综合评分为88分。Snap-安预计2021年调整后每股利润将达到12.44美元，比2020年增长近7%。但分析师再次认为多头正在得意忘形。毕竟，2020年利润下降了5%。因此，分析师认为该公司12个月内每股价值仅为190.33美元，比目前的交易价格低16%。</blockquote></p><p><b>Watch Out For S&amp;P 500 Dividend Darlings</b></p><p><blockquote><b>留意标普500股息宠儿</b></blockquote></p><p>High dividend payers in the S&amp;P 500 are setting the markets on fire. All eight of the top yielding stocks in the S&amp;P 500 are topping the index in 2021 so far. And that includes voice and data networking company, Lumen.</p><p><blockquote>标普500的高股息支付者正在点燃市场。到目前为止，标普500中收益最高的八只股票都在2021年高居该指数榜首。其中包括语音和数据网络公司Lumen。</blockquote></p><p>Lumen is known for its whopping 7.4% dividend yield. That's solid in a world when the S&amp;P 500 yields just 1.5%. But it's even more famous among investors this year for a 35% jump in its stock price to 13.16. It's not exactly a screamingly positive fundamental story, either. Profit per share rose 26.5% in 2020. But profit is seen dropping 6.5% in 2021.</p><p><blockquote>Lumen以其高达7.4%的股息收益率而闻名。在标普500收益率仅为1.5%的世界里，这是可靠的。但今年它在投资者中更加出名，因为它的股价上涨了35%，达到13.16。这也不是一个非常积极的基本面故事。2020年每股利润增长26.5%。但预计2021年利润将下降6.5%。</blockquote></p><p>Analysts just think it's not worth what investors are paying. They're calling for Lumen to trade for 10.78 a share in 12 months, or 18% less than it is now.</p><p><blockquote>分析师只是认为这不值得投资者支付的费用。他们呼吁Lumen在12个月内的交易价格为每股10.78美元，比现在低18%。</blockquote></p><p>It goes without saying analysts aren't always right. They're often wrong. But their warnings this year on S&amp;P 500 high-flyers, though, have been spot on so worth at least listening to.</p><p><blockquote>不用说，分析师并不总是对的。他们经常是错的。但他们今年对标普500雄心勃勃的人的警告非常准确，至少值得一听。</blockquote></p><p><b>The Most Overvalued S&amp;P 500 Stocks: Analysts</b></p><p><blockquote><b>最被高估的标普500股票：分析师</b></blockquote></p><p></p><p><table><thead><tr><th>Company</th><th>Symbol</th><th>Target Price*</th><th>Stock YTD % Ch.</th><th>Implied Downside*</th><th>Sector</th><th>Composite Rating</th></tr></thead><tbody><tr><td>American Airlines</td><td></td><td>15.47</td><td>45.4%</td><td><b>-32.5%</b></td><td>Industrials</td><td>45</td></tr><tr><td>Lumen Technologies</td><td></td><td>10.78</td><td>35.0%</td><td><b>-18.1%</b></td><td>Communication Services</td><td>61</td></tr><tr><td>Snap-on</td><td></td><td>190.33</td><td>34.2%</td><td><b>-17.1%</b></td><td>Industrials</td><td>88</td></tr><tr><td>Nucor</td><td></td><td>66.38</td><td>49.1%</td><td><b>-16.3%</b></td><td>Materials</td><td>97</td></tr><tr><td>Expeditors International of Washington</td><td></td><td>91.64</td><td>13.3%</td><td><b>-15.0%</b></td><td>Industrials</td><td>80</td></tr><tr><td>Franklin Resources</td><td></td><td>25.47</td><td>17.6%</td><td><b>-13.4%</b></td><td>Financials</td><td>79</td></tr><tr><td>Genuine Parts</td><td></td><td>104.33</td><td>18.0%</td><td><b>-12.0%</b></td><td>Consumer Discretionary</td><td>64</td></tr><tr><td>Whirlpool</td><td></td><td>196.44</td><td>23.6%</td><td><b>-11.9%</b></td><td>Consumer Discretionary</td><td>91</td></tr><tr><td>Iron Mountain</td><td></td><td>33.25</td><td>26.5%</td><td><b>-10.8%</b></td><td>Real Estate</td><td>70</td></tr><tr><td>Unum</td><td></td><td>24.73</td><td>20.8%</td><td><b>-10.8%</b></td><td>Financials</td><td>59</td></tr><tr><td>A. O. Smith</td><td></td><td>62.11</td><td>26.8%</td><td><b>-10.6%</b></td><td>Industrials</td><td>74</td></tr></tbody></table><h5>Sources: IBD, S&amp;P Global Market Intelligence, * — based on analysts' 12-month price target</h5></p><p><blockquote><table><thead><tr><th>公司</th><th>象征</th><th>目标价格*</th><th>股票年初至今%Ch。</th><th>隐含的负面影响*</th><th>部门</th><th>综合评级</th></tr></thead><tbody><tr><td>美国航空公司</td><td></td><td>15.47</td><td>45.4%</td><td><b>-32.5%</b></td><td>工业</td><td>45</td></tr><tr><td>流明技术</td><td></td><td>10.78</td><td>35.0%</td><td><b>-18.1%</b></td><td>通讯服务</td><td>61</td></tr><tr><td>Snap-on</td><td></td><td>190.33</td><td>34.2%</td><td><b>-17.1%</b></td><td>工业</td><td>88</td></tr><tr><td>纽科尔</td><td></td><td>66.38</td><td>49.1%</td><td><b>-16.3%</b></td><td>材料</td><td>97</td></tr><tr><td>华盛顿国际快递公司</td><td></td><td>91.64</td><td>13.3%</td><td><b>-15.0%</b></td><td>工业</td><td>80</td></tr><tr><td>富兰克林资源公司</td><td></td><td>25.47</td><td>17.6%</td><td><b>-13.4%</b></td><td>财务</td><td>79</td></tr><tr><td>正品零件</td><td></td><td>104.33</td><td>18.0%</td><td><b>-12.0%</b></td><td>非必需消费品</td><td>64</td></tr><tr><td>漩涡</td><td></td><td>196.44</td><td>23.6%</td><td><b>-11.9%</b></td><td>非必需消费品</td><td>91</td></tr><tr><td>铁山</td><td></td><td>33.25</td><td>26.5%</td><td><b>-10.8%</b></td><td>房地产</td><td>70</td></tr><tr><td>尤努姆</td><td></td><td>24.73</td><td>20.8%</td><td><b>-10.8%</b></td><td>财务</td><td>59</td></tr><tr><td>A.O.史密斯</td><td></td><td>62.11</td><td>26.8%</td><td><b>-10.6%</b></td><td>工业</td><td>74</td></tr></tbody></table><h5>资料来源：IBD、标准普尔全球市场情报*——基于分析师12个月目标价</h5></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9fa7c522340c9f1e78e78f0c1543440e","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SPY":"标普500ETF","SSO":"2倍做多标普500ETF-ProShares",".SPX":"S&P 500 Index","SDS":"两倍做空标普500 ETF-ProShares","SH":"做空标普500-Proshares","OEX":"标普100","OEF":"标普100指数ETF-iShares","IVV":"标普500ETF-iShares","UPRO":"三倍做多标普500ETF-ProShares","SPXU":"三倍做空标普500ETF-ProShares"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2123607230","content_text":"Analysts called the Tesla crash and the big tumble in video streamers' stocks. But their warnings are still going unheeded on a number of S&P 500 companies.Nearly a dozen S&P 500 companies, including industrials American Airlines and Snap-on plus communications services Lumen Technologies are still grossly overvalued compared to analysts' 12-month price targets on the stocks, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith.By analysts' estimates, all 11 of these S&P 500 stocks are at least 10% overvalued. And the warnings come amid big run-ups in most of them. Investors are piling into stocks thought to benefit from a stronger economy. The 11 stocks are up an average 28.2% this year, while the SPDR S&P 500 ETF Trust is up just 5.9%. What's more, eight of the 11 are up 20% or more in 2021 so far.Seeing analysts dig in with warnings of lower price targets amid a rally, especially in cyclical stocks, is noteworthy.S&P 500 Analysts Are Actually BullishAnalysts have pounded the table warning of overvaluation of Tesla stock. And they also cautioned on shares of ViacomCBS and Discovery before they sold off.But overall, analysts — like usual — are mostly bullish on S&P 500 stocks. Analysts' 12-month price targets on the individual stocks in the S&P 500 are 6.5% higher than Friday's closing prices.And fundamentals back up the bullishness. Already this year, 60 companies told analysts their earnings in the current quarter will be better than they previously estimated, says John Butters, earnings analyst at Factset.That's the highest number of S&P 500 companies issuing positive guidance for a quarter since at least 2006. Only about half that many companies were so positive on the same quarter a year ago. And that in turn means analysts now think S&P 500 companies' profit will jump 23.3% in the first quarter. They only saw a 15.8% jump in first quarter profit at the end of 2020.But Analysts See Pockets Of OvervaluationAmerican Airlines is the S&P 500 stock analysts think is way beyond where it should be. And it's easy to see why.Just this year, the airline's shares soared 45.4% to 22.93 a share. New investors piled into the airline's shares, even though it lost roughly $9 billion in 2020 as the pandemic all but shut down air travel. Analysts see a comeback, sort of. American is expected to only lose roughly $4 billion, or $7.61 a share, in 2021. But profitability isn't seen until 2022.As a result, analysts' 12-month price target on American is just 15.47 a share. If that's right, it means the stock is 33% overvalued. And it doesn't have strong enough fundamentals to hold it up, either. The company's IBD Composite Rating is just 45. Do you know what to look at before buying American's stock?Also in the industrials sector, analysts think tool seller Snap-on ran up too far, as well. Shares are up more than 34% this year to 229.63.Unlike American, Snap-on has the fundamentals to back it up.It sports a Composite Rating of 88. Snap-on's adjusted profit per share is seen hitting $12.44 in 2021, up nearly 7% from 2020. But again, analysts think the bulls are getting carried away. After all, profit fell 5% in 2020. So analysts think the company is only worth 190.33 a share in 12 months, or 16% less than it's trading now.Watch Out For S&P 500 Dividend DarlingsHigh dividend payers in the S&P 500 are setting the markets on fire. All eight of the top yielding stocks in the S&P 500 are topping the index in 2021 so far. And that includes voice and data networking company, Lumen.Lumen is known for its whopping 7.4% dividend yield. That's solid in a world when the S&P 500 yields just 1.5%. But it's even more famous among investors this year for a 35% jump in its stock price to 13.16. It's not exactly a screamingly positive fundamental story, either. Profit per share rose 26.5% in 2020. But profit is seen dropping 6.5% in 2021.Analysts just think it's not worth what investors are paying. They're calling for Lumen to trade for 10.78 a share in 12 months, or 18% less than it is now.It goes without saying analysts aren't always right. They're often wrong. But their warnings this year on S&P 500 high-flyers, though, have been spot on so worth at least listening to.The Most Overvalued S&P 500 Stocks: AnalystsCompanySymbolTarget Price*Stock YTD % Ch.Implied Downside*SectorComposite RatingAmerican Airlines15.4745.4%-32.5%Industrials45Lumen Technologies10.7835.0%-18.1%Communication Services61Snap-on190.3334.2%-17.1%Industrials88Nucor66.3849.1%-16.3%Materials97Expeditors International of Washington91.6413.3%-15.0%Industrials80Franklin Resources25.4717.6%-13.4%Financials79Genuine Parts104.3318.0%-12.0%Consumer Discretionary64Whirlpool196.4423.6%-11.9%Consumer Discretionary91Iron Mountain33.2526.5%-10.8%Real Estate70Unum24.7320.8%-10.8%Financials59A. O. Smith62.1126.8%-10.6%Industrials74Sources: IBD, S&P Global Market Intelligence, * — based on analysts' 12-month price target","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"IVV":0.9,"SPY":0.9,"SSO":0.9,"SPXU":0.9,".SPX":0.9,"UPRO":0.9,"SDS":0.9,"OEF":0.9,"SH":0.9,"ESmain":0.9,"OEX":0.9}},"isVote":1,"tweetType":1,"viewCount":315,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372980094,"gmtCreate":1619168050318,"gmtModify":1631887488922,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Unlike :(","listText":"Unlike :(","text":"Unlike :(","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/372980094","repostId":"1128911279","repostType":4,"isVote":1,"tweetType":1,"viewCount":1741,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340356511,"gmtCreate":1617344694533,"gmtModify":1631889869308,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Goooo!","listText":"Goooo!","text":"Goooo!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/340356511","repostId":"1126549174","repostType":4,"repost":{"id":"1126549174","kind":"news","pubTimestamp":1617324814,"share":"https://www.laohu8.com/m/news/1126549174?lang=zh_CN&edition=full","pubTime":"2021-04-02 08:53","market":"us","language":"en","title":"Lion? Lamb? March's best stocks, strategies into April<blockquote>狮子？羊羔？三月最佳股票、四月策略</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1126549174","media":"seeking alpha","summary":"Not your typical March as the month came 'in like a lamb, and out like a lion.' No, we aren’tdiscuss","content":"<p><ul>  <li>Not your typical March as the month came 'in like a lamb, and out like a lion.' No, we aren’tdiscussing precipitation in March, but the precipitous equity market behavior for the U.S stock market on the precipice of all-time highs and what that means for the top stocks moving into April.</li>  <li>The inverse of the ancient meteorological proverb aptly describes this past month’shedge fund blowup, a once-in-a generationcanal blockageof worldwide trade, aFed pivot, a treasurymarket selloff, historicelectric vehicleandmarijuana legislation, SPAC-mania, the 1-year anniversary of the pandemic-fueled market selloff and a 6% monthly trough to peak move in the S&amp;P 500(NYSEARCA:SPY). That led high beta names to lag in the latter half. But what strategy or selection of stocks would have served you best for the month?</li> </ul> <img src=\"https://static.tigerbbs.com/7e8fb5e2cc1f94dd1e56cfa3805a032c\" tg-width=\"1280\" tg-height=\"474\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>这不是典型的三月，因为这个月“像羔羊一样进来，像狮子一样出去”。不，我们不是在讨论三月份的降水，而是美国股市处于历史高点边缘的急剧股市行为，以及这对进入四月份的顶级股票意味着什么。</li><li>古老的气象谚语的反义词恰如其分地描述了过去一个月的对冲基金爆炸、全球贸易一代人一次的运河堵塞、美联储转向、国债市场抛售、历史电动汽车和大麻立法、特殊目的收购公司狂热、一周年大流行引发的市场抛售以及标普500（NYSEARCA：SPDR标普500指数ETF）每月从低谷到峰值6%的波动。这导致高贝塔值股票在下半年表现落后。但本月什么策略或股票选择最适合您呢？</li></ul></blockquote></p><p> <i>High beta stocks lagged more stable names toward month-end</i></p><p><blockquote><i>接近月底，高贝塔值股票落后于更稳定的股票</i></blockquote></p><p> <ul>  <li>The exogenous events described above can throw a wrench into any defined strategy, whether you’re a value or growth investor, play momentum, sentiment, technicals or earnings revisions, or just buy what you know. What explicit strategy would have told you to be long Hartford Financial(NYSE:HIG), Nucor(NYSE:NUE)or Kansas City Southern(NYSE:KSU), and either short or unexposed to Penn National, Discovery Inc.(NASDAQ:DISCA)and Viacom(NASDAQ:VIAC), the respective winners and losers in the S&amp;P 500 in March?</li>  <li>The answer for the above six is insider trading, which we do not condone for obvious reasons.M&amp;A(twice), aboveconsensus earnings,political uncertaintyandhedge fund implosionsdictated the above fortunes and misfortunes.</li>  <li>But to outperform the broader market, the answer this month was value investing. So much so, thatone fascinating aspect of Marchwas how the standard “value stocks” started to screen as “momentum” – those stocks that have registered the strongest performance over the past 12 months. Value, in fact, has been so strong, that the last time they screened as momentum was more than 5 years ago.</li> </ul> <img src=\"https://static.tigerbbs.com/4b8f03b27e94be3c947993777fe46d91\" tg-width=\"537\" tg-height=\"192\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>上述外生事件可能会影响任何明确的策略，无论您是价值投资者还是成长型投资者，关注动量、情绪、技术面或盈利修正，或者只是购买您知道的东西。什么样的明确策略会告诉您做多Hartford Financial(NYSE：HIG)、Nucor(NYSE：NUE)或Kansas City Southern(NYSE：KSU)，并做空或不投资Penn National、Discovery Inc.（纳斯达克：DISCA）和维亚康姆（纳斯达克：VIAC），分别是3月份标普500的赢家和输家？</li><li>上述六个问题的答案是内幕交易，出于显而易见的原因，我们不会宽恕内幕交易。并购（两次）、高于共识的盈利、政治不确定性和对冲基金内爆决定了上述命运和不幸。</li><li>但要跑赢大盘，本月的答案是价值投资。因此，3月份的一个有趣的方面是标准的“价值股”如何开始被筛选为“动量股”——那些在过去12个月中表现最强劲的股票。事实上，价值如此强劲，以至于他们上一次筛选为momentum是在5年多前。</li></ul></blockquote></p><p> <ul>  <li>And it’s not just March. Value is the best performing factor strategy this year, up nearly 20%. It narrowly beat the performance of the highest levered stocks – those with the highest ratio of debt/total assets – curious bedfellows.</li>  <li>Value itself is not a monolith. It comes in varying forms. For March, a strategy whereby you long stocks in the highest quartile for Ebitda/Enterprise ratios and short those in the lowest quartile returned more than 9%.&nbsp; However, that same strategy in March of last year was the 3rd-worst performing among the 30 factors covered by S&amp;P Global, which could mean some old-fashion mean reversion could have been at play after years of underperformance in the value category.</li> </ul> <img src=\"https://static.tigerbbs.com/a753605a6759d9162a39c2c29cbb5763\" tg-width=\"906\" tg-height=\"424\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>而且不仅仅是三月。价值是今年表现最好的因子策略，上涨近20%。它以微弱优势击败了杠杆率最高的股票——债务/总资产比率最高的股票——好奇的伙伴。</li><li>价值本身不是铁板一块。它有不同的形式。3月份，做多Ebitda/企业比率最高四分位数的股票并做空最低四分位数的股票的策略回报率超过9%。然而，去年3月的同一策略在S&amp;P Global涵盖的30个因素中表现第三差，这可能意味着在价值类别多年表现不佳后，一些老式的均值回归可能正在发挥作用。</li></ul></blockquote></p><p> <i>Source: S&amp;P Global</i></p><p><blockquote><i>资料来源：标准普尔全球</i></blockquote></p><p> <ul>  <li>We looked at some specific stocks that performed well, just using the Seeking Alphascreener paired with our proprietary Quant ratings, which happen to have atrack record of outperformancesince inception in 2010. We screened for stocks in the U.S., with more than $500 million market cap, a value rating of A or greater that screened with a bullish or very bullish quant rating.</li> </ul> <img src=\"https://static.tigerbbs.com/92f4e08c81e69bcc72ab4bbe4b6d3386\" tg-width=\"1084\" tg-height=\"472\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>我们研究了一些表现良好的特定股票，仅使用Seeking Alphascreener与我们专有的量化评级相结合，这些股票自2010年成立以来恰好拥有优异表现的记录。我们筛选了市值超过5亿美元、价值评级为A或更高、量化评级为看涨或非常看涨的美国股票。</li></ul></blockquote></p><p> <ul>  <li>The top 5 performing names in March that screened in the above criteria at the beginning of March registered more than 15% returns in the month, led by TimkenSteel(NYSE:TMST)at 40%, Amneal Pharma(NYSE:AMRX), Resideo Technologies(NYSE:REZI), Super Micro Computer(NASDAQ:SMCI)and Jabil(NYSE:JBL). That compares to the S&amp;P ‘s 4.26% return.</li> </ul> <img src=\"https://static.tigerbbs.com/0b1888173c43e95e5960c33d68bbb0fc\" tg-width=\"578\" tg-height=\"660\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>3月初按照上述标准筛选的3月份表现最好的5家公司当月回报率超过15%，其中铁姆肯钢铁公司（纽约证券交易所代码：TMST）为40%，Amneal Pharma（纽约证券交易所代码：AMRX）、Resideo Technologies（纽约证券交易所代码：REZI）、超微计算机（纳斯达克证券交易所代码：SMCI）和捷普（纽约证券交易所代码：JBL）。相比之下，标准普尔指数的回报率为4.26%。</li></ul></blockquote></p><p></p><p> <ul>  <li>Of note, 3 of the 12 highest performing names were homebuilders, though their ratings weren’t lifted to a bullish rating until a third of the month had passed. One, Green Brick(NASDAQ:GRBK), was featured among the best value picks by Seeking Alpha's&nbsp;head of quantitative strategies, Steven Cress, in his September discussionabout how many value names screened better than mega-cap tech, like Microsoft(NASDAQ:MSFT)and Apple(NASDAQ:AAPL).</li>  <li>Beyond picking individual stocks, allocating to ETFs that focused on this strategy would have yielded an approximate 6.3% return, outperforming the S&amp;P 500(SP500)by 200bps. The largest value ETFs, found viaSA’s ETF screener,include Vanguard Value ETF(NYSEARCA:VTV), iShares S&amp;P 500 value ETF(NYSEARCA:IVE)&nbsp; and SPDR Portfolio S&amp;P 500 value ETF(NYSEARCA:SPYV), with performance across the instruments of 6.3% during March. That compared with the Vanguard S&amp;P 500 ETF&nbsp;(NYSEARCA:VOO)up 2.75% on the month.</li> </ul> <ul>  <li>Another value ETF, the iShares Russell 1000 Value ETF(NYSEARCA:IWD), lagged at 4.9%. Hamstringing its performance was likely the higher concentration in tech, which was impacted by the aforementioned treasury selloff this month. Higher interest rates hit growth names particularly hard. Compared to VTV, which boasts 3x more of a concentration in financials than in tech, IWD is nearer to 2x. The tech-heavy Nasdaq composite rose just 0.4% in March. The Invesco QQQ ETF(NASDAQ:QQQ), which tracks large cap tech, was down 1.6% on the month.</li> </ul> The Future</p><p><blockquote><ul><li>值得注意的是，12家表现最好的公司中有3家是房屋建筑商，尽管他们的评级直到本月三分之一后才被提升至看涨评级。其中之一是Green Brick（纳斯达克股票代码：GRBK），Seeking Alpha量化策略主管Steven Cress在9月份的讨论中被评为最佳价值精选之一，该讨论涉及有多少价值股比微软（纳斯达克股票代码：MSFT）和苹果（纳斯达克股票代码：AAPL）。</li><li>除了挑选个股之外，配置专注于此策略的ETF将产生约6.3%的回报率，比标普500(SP500)高出200个基点。viaSA的ETF筛选机构发现，最大的价值ETF包括Vanguard价值ETF(NYSEARCA：VTV)、iShares标普500价值ETF(NYSEARCA：IVE)和SPDR Portfolio标普500价值ETF(NYSEARCA：SPYV)，各工具的表现为6.3%三月。相比之下，先锋标普500 ETF(NYSEARCA：VOO)本月上涨2.75%。</li></ul><ul><li>另一只价值ETF iShares Russell 1000价值ETF(NYSEARCA：IWD)落后4.9%。削弱其业绩的可能是科技股的集中度较高，这受到了本月上述国债抛售的影响。更高的利率对成长型公司的打击尤其严重。与VTV相比，VTV在金融领域的集中度是科技领域的3倍，而IWD则接近2倍。以科技股为主的纳斯达克综合指数3月份仅上涨0.4%。追踪大盘科技股的景顺QQQ ETF（纳斯达克股票代码：QQQ）本月下跌1.6%。</li></ul>未来</blockquote></p><p> <ul>  <li>And how does that set up for April? Something to consider is seasonality --not surprising given the beginning of earnings season in just two weeks, which may set the tone. It is also bullish: Since 1928, April is the second-best month of average returns of the year, BofA analysts wrote this week.</li>  <li>And on a shorter-term horizon, there is seasonality intra-month. The analysts also surfaced research that the first 10 days of each month typically outperform the last 10. That pattern for January-March has already held. But for April more broadly, LPL Financial’s Ryan Detrick highlighted that in the last 15 years, the S&amp;P 500 has closed higher in 14 of those 15 Aprils.</li>  <li>That isn’t to say that value specifically will outperform, but it speaks broadly to market and portfolio performance. Morgan Stanley in a late March note remarked that “violent rotations” left many portfolios “gored” this year despite the fact that the rotations themselves were “fundamentally triggered.” They upgraded Consumer Staples names as part of that note to account for their expectations that inflation, personal income and GDP rates of growth will slow in the quarter/quarter and year/year comparisons to come.</li>  <li>If you believe, like JP Morgan analysts, that the trends for value will remain intact and that the risks for a pullback are low, it may be worth screening some stocks to determine the best opportunity for your portfolio.</li>  <li>When we conducted an analysis with the highest quant rating using the above screen criteria (expanded to include names outside the U.S.) the stocks appear to your humble author to be bets on a global recovery. Shipowner Danaos Corp.(NYSE:DAC), Resolute Forest Products(NYSE:RFP), TimkenSteel (TMST), publisher Gannett Co.(NYSE:GCI)and Barclays PLC(NYSE:BCS). Danaos just so happens to be relevant to therecent Suez Canal blockage.</li>  <li>For those who fancy stocks with a heftier market cap (i.e. &gt;$5B), BNP Paribas(OTCQX:BNPQY), Impala Platinum(OTCQX:IMPUY), ING Groep(NYSE:ING)and Vale S.A.(NYSE:VALE)are among those on the list; cyclical names if you had to name any.</li> </ul> <img src=\"https://static.tigerbbs.com/93d46ccc40c50c865d9caa7e49cbfe9e\" tg-width=\"1064\" tg-height=\"352\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>四月的情况如何？需要考虑的是季节性——考虑到财报季将在短短两周内开始，这并不奇怪，这可能会定下基调。这也是看涨的：美国银行分析师本周写道，自1928年以来，4月是一年中平均回报率第二好的月份。</li><li>从短期来看，月内存在季节性。分析师还浮出水面的研究表明，每个月的前10天通常优于后10天。1月至3月的这种模式已经存在。但从更广泛的4月份来看，LPL Financial的Ryan Detrick强调，在过去15年中，标普500在这15个4月中有14个收高。</li><li>这并不是说价值会跑赢大盘，但它广泛地说明了市场和投资组合的表现。摩根士丹利在3月底的一份报告中表示，尽管轮换本身是“从根本上触发的”，但今年“暴力轮换”导致许多投资组合“陷入困境”。作为该报告的一部分，他们升级了必需消费品名称，以考虑到他们对未来季度和年度比较中通胀、个人收入和GDP增长率将放缓的预期。</li><li>如果您像摩根大通分析师一样相信价值趋势将保持不变并且回调风险较低，那么可能值得筛选一些股票以确定您投资组合的最佳机会。</li><li>当我们使用上述筛选标准（扩展到包括美国以外的名称）进行具有最高量化评级的分析时，在您谦逊的作者看来，这些股票似乎是对全球复苏的押注。船东Danaos Corp.（纽约证券交易所代码：DAC）、Resolute Forest Products（纽约证券交易所代码：RFP）、铁姆肯钢铁公司（TMST）、出版商Gannett Co.（纽约证券交易所代码：GCI）和巴克莱银行（纽约证券交易所代码：BCS）。达瑙斯恰好与最近的苏伊士运河堵塞有关。</li><li>对于那些喜欢市值较大（即&gt;50亿美元）股票的人来说，法国巴黎银行(OTCQX：BNPQY)、Impala Platinum(OTCQX：IMPUY)、ING Groep(NYSE：ING)和Vale S.A.(NYSE：VALE)都在名单上；循环名称，如果你必须说出任何名称。</li></ul></blockquote></p><p> <ul>  <li>Stocks screened in a vacuum may not make sense without looking more broadly. BNP Paribas in its latest outlook piece is &nbsp;“more optimistic” about global growth than they were 3 months ago, with U.S. forecasts “up sharply.” And just this past week, U.S. President Bidenput forth an ambitious infrastructure plan, which calls for additional stimulus to be added to the economy. Naturally, it is subject to political will and there are risks it dies on the vine or passes the Senate in some slimmed down version. But BofA, in discussing the prospects for further stimulus, advised owning GDP-sensitive cyclical stocks, that are strong on value, and benefit from higher capital expenditures.</li>  <li>Stay tuned next month for another look at the best stocks and strategies. There’s also something to be gleaned by how at year-end, thesame companies keep making appearances&nbsp; on the winners and losers lists.</li> </ul></p><p><blockquote><ul><li>如果不从更广泛的角度来看，在真空中筛选的股票可能没有意义。法国巴黎银行在其最新的展望文章中对全球经济增长比三个月前“更加乐观”，其中美国的预测“大幅上调”。就在上周，美国总统拜登提出了一项雄心勃勃的基础设施计划，评级为经济提供额外刺激。自然，它受制于政治意愿，存在着它夭折或以某种精简版本在参议院通过的风险。但美国银行在讨论进一步刺激的前景时，建议持有对GDP敏感的周期性股票，这些股票价值强劲，并受益于更高的资本支出。</li><li>下个月请继续关注，再次了解最佳股票和策略。同样的公司在年底如何不断出现在赢家和输家名单上，也可以收集到一些东西。</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>Lion? Lamb? March's best stocks, strategies into April<blockquote>狮子？羊羔？三月最佳股票、四月策略</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\">\nLion? Lamb? March's best stocks, strategies into April<blockquote>狮子？羊羔？三月最佳股票、四月策略</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\">2021-04-02 08:53</span>\n</p>\n</h4>\n</header>\n<article>\n<p><ul>  <li>Not your typical March as the month came 'in like a lamb, and out like a lion.' No, we aren’tdiscussing precipitation in March, but the precipitous equity market behavior for the U.S stock market on the precipice of all-time highs and what that means for the top stocks moving into April.</li>  <li>The inverse of the ancient meteorological proverb aptly describes this past month’shedge fund blowup, a once-in-a generationcanal blockageof worldwide trade, aFed pivot, a treasurymarket selloff, historicelectric vehicleandmarijuana legislation, SPAC-mania, the 1-year anniversary of the pandemic-fueled market selloff and a 6% monthly trough to peak move in the S&amp;P 500(NYSEARCA:SPY). That led high beta names to lag in the latter half. But what strategy or selection of stocks would have served you best for the month?</li> </ul> <img src=\"https://static.tigerbbs.com/7e8fb5e2cc1f94dd1e56cfa3805a032c\" tg-width=\"1280\" tg-height=\"474\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>这不是典型的三月，因为这个月“像羔羊一样进来，像狮子一样出去”。不，我们不是在讨论三月份的降水，而是美国股市处于历史高点边缘的急剧股市行为，以及这对进入四月份的顶级股票意味着什么。</li><li>古老的气象谚语的反义词恰如其分地描述了过去一个月的对冲基金爆炸、全球贸易一代人一次的运河堵塞、美联储转向、国债市场抛售、历史电动汽车和大麻立法、特殊目的收购公司狂热、一周年大流行引发的市场抛售以及标普500（NYSEARCA：SPDR标普500指数ETF）每月从低谷到峰值6%的波动。这导致高贝塔值股票在下半年表现落后。但本月什么策略或股票选择最适合您呢？</li></ul></blockquote></p><p> <i>High beta stocks lagged more stable names toward month-end</i></p><p><blockquote><i>接近月底，高贝塔值股票落后于更稳定的股票</i></blockquote></p><p> <ul>  <li>The exogenous events described above can throw a wrench into any defined strategy, whether you’re a value or growth investor, play momentum, sentiment, technicals or earnings revisions, or just buy what you know. What explicit strategy would have told you to be long Hartford Financial(NYSE:HIG), Nucor(NYSE:NUE)or Kansas City Southern(NYSE:KSU), and either short or unexposed to Penn National, Discovery Inc.(NASDAQ:DISCA)and Viacom(NASDAQ:VIAC), the respective winners and losers in the S&amp;P 500 in March?</li>  <li>The answer for the above six is insider trading, which we do not condone for obvious reasons.M&amp;A(twice), aboveconsensus earnings,political uncertaintyandhedge fund implosionsdictated the above fortunes and misfortunes.</li>  <li>But to outperform the broader market, the answer this month was value investing. So much so, thatone fascinating aspect of Marchwas how the standard “value stocks” started to screen as “momentum” – those stocks that have registered the strongest performance over the past 12 months. Value, in fact, has been so strong, that the last time they screened as momentum was more than 5 years ago.</li> </ul> <img src=\"https://static.tigerbbs.com/4b8f03b27e94be3c947993777fe46d91\" tg-width=\"537\" tg-height=\"192\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>上述外生事件可能会影响任何明确的策略，无论您是价值投资者还是成长型投资者，关注动量、情绪、技术面或盈利修正，或者只是购买您知道的东西。什么样的明确策略会告诉您做多Hartford Financial(NYSE：HIG)、Nucor(NYSE：NUE)或Kansas City Southern(NYSE：KSU)，并做空或不投资Penn National、Discovery Inc.（纳斯达克：DISCA）和维亚康姆（纳斯达克：VIAC），分别是3月份标普500的赢家和输家？</li><li>上述六个问题的答案是内幕交易，出于显而易见的原因，我们不会宽恕内幕交易。并购（两次）、高于共识的盈利、政治不确定性和对冲基金内爆决定了上述命运和不幸。</li><li>但要跑赢大盘，本月的答案是价值投资。因此，3月份的一个有趣的方面是标准的“价值股”如何开始被筛选为“动量股”——那些在过去12个月中表现最强劲的股票。事实上，价值如此强劲，以至于他们上一次筛选为momentum是在5年多前。</li></ul></blockquote></p><p> <ul>  <li>And it’s not just March. Value is the best performing factor strategy this year, up nearly 20%. It narrowly beat the performance of the highest levered stocks – those with the highest ratio of debt/total assets – curious bedfellows.</li>  <li>Value itself is not a monolith. It comes in varying forms. For March, a strategy whereby you long stocks in the highest quartile for Ebitda/Enterprise ratios and short those in the lowest quartile returned more than 9%.&nbsp; However, that same strategy in March of last year was the 3rd-worst performing among the 30 factors covered by S&amp;P Global, which could mean some old-fashion mean reversion could have been at play after years of underperformance in the value category.</li> </ul> <img src=\"https://static.tigerbbs.com/a753605a6759d9162a39c2c29cbb5763\" tg-width=\"906\" tg-height=\"424\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>而且不仅仅是三月。价值是今年表现最好的因子策略，上涨近20%。它以微弱优势击败了杠杆率最高的股票——债务/总资产比率最高的股票——好奇的伙伴。</li><li>价值本身不是铁板一块。它有不同的形式。3月份，做多Ebitda/企业比率最高四分位数的股票并做空最低四分位数的股票的策略回报率超过9%。然而，去年3月的同一策略在S&amp;P Global涵盖的30个因素中表现第三差，这可能意味着在价值类别多年表现不佳后，一些老式的均值回归可能正在发挥作用。</li></ul></blockquote></p><p> <i>Source: S&amp;P Global</i></p><p><blockquote><i>资料来源：标准普尔全球</i></blockquote></p><p> <ul>  <li>We looked at some specific stocks that performed well, just using the Seeking Alphascreener paired with our proprietary Quant ratings, which happen to have atrack record of outperformancesince inception in 2010. We screened for stocks in the U.S., with more than $500 million market cap, a value rating of A or greater that screened with a bullish or very bullish quant rating.</li> </ul> <img src=\"https://static.tigerbbs.com/92f4e08c81e69bcc72ab4bbe4b6d3386\" tg-width=\"1084\" tg-height=\"472\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>我们研究了一些表现良好的特定股票，仅使用Seeking Alphascreener与我们专有的量化评级相结合，这些股票自2010年成立以来恰好拥有优异表现的记录。我们筛选了市值超过5亿美元、价值评级为A或更高、量化评级为看涨或非常看涨的美国股票。</li></ul></blockquote></p><p> <ul>  <li>The top 5 performing names in March that screened in the above criteria at the beginning of March registered more than 15% returns in the month, led by TimkenSteel(NYSE:TMST)at 40%, Amneal Pharma(NYSE:AMRX), Resideo Technologies(NYSE:REZI), Super Micro Computer(NASDAQ:SMCI)and Jabil(NYSE:JBL). That compares to the S&amp;P ‘s 4.26% return.</li> </ul> <img src=\"https://static.tigerbbs.com/0b1888173c43e95e5960c33d68bbb0fc\" tg-width=\"578\" tg-height=\"660\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>3月初按照上述标准筛选的3月份表现最好的5家公司当月回报率超过15%，其中铁姆肯钢铁公司（纽约证券交易所代码：TMST）为40%，Amneal Pharma（纽约证券交易所代码：AMRX）、Resideo Technologies（纽约证券交易所代码：REZI）、超微计算机（纳斯达克证券交易所代码：SMCI）和捷普（纽约证券交易所代码：JBL）。相比之下，标准普尔指数的回报率为4.26%。</li></ul></blockquote></p><p></p><p> <ul>  <li>Of note, 3 of the 12 highest performing names were homebuilders, though their ratings weren’t lifted to a bullish rating until a third of the month had passed. One, Green Brick(NASDAQ:GRBK), was featured among the best value picks by Seeking Alpha's&nbsp;head of quantitative strategies, Steven Cress, in his September discussionabout how many value names screened better than mega-cap tech, like Microsoft(NASDAQ:MSFT)and Apple(NASDAQ:AAPL).</li>  <li>Beyond picking individual stocks, allocating to ETFs that focused on this strategy would have yielded an approximate 6.3% return, outperforming the S&amp;P 500(SP500)by 200bps. The largest value ETFs, found viaSA’s ETF screener,include Vanguard Value ETF(NYSEARCA:VTV), iShares S&amp;P 500 value ETF(NYSEARCA:IVE)&nbsp; and SPDR Portfolio S&amp;P 500 value ETF(NYSEARCA:SPYV), with performance across the instruments of 6.3% during March. That compared with the Vanguard S&amp;P 500 ETF&nbsp;(NYSEARCA:VOO)up 2.75% on the month.</li> </ul> <ul>  <li>Another value ETF, the iShares Russell 1000 Value ETF(NYSEARCA:IWD), lagged at 4.9%. Hamstringing its performance was likely the higher concentration in tech, which was impacted by the aforementioned treasury selloff this month. Higher interest rates hit growth names particularly hard. Compared to VTV, which boasts 3x more of a concentration in financials than in tech, IWD is nearer to 2x. The tech-heavy Nasdaq composite rose just 0.4% in March. The Invesco QQQ ETF(NASDAQ:QQQ), which tracks large cap tech, was down 1.6% on the month.</li> </ul> The Future</p><p><blockquote><ul><li>值得注意的是，12家表现最好的公司中有3家是房屋建筑商，尽管他们的评级直到本月三分之一后才被提升至看涨评级。其中之一是Green Brick（纳斯达克股票代码：GRBK），Seeking Alpha量化策略主管Steven Cress在9月份的讨论中被评为最佳价值精选之一，该讨论涉及有多少价值股比微软（纳斯达克股票代码：MSFT）和苹果（纳斯达克股票代码：AAPL）。</li><li>除了挑选个股之外，配置专注于此策略的ETF将产生约6.3%的回报率，比标普500(SP500)高出200个基点。viaSA的ETF筛选机构发现，最大的价值ETF包括Vanguard价值ETF(NYSEARCA：VTV)、iShares标普500价值ETF(NYSEARCA：IVE)和SPDR Portfolio标普500价值ETF(NYSEARCA：SPYV)，各工具的表现为6.3%三月。相比之下，先锋标普500 ETF(NYSEARCA：VOO)本月上涨2.75%。</li></ul><ul><li>另一只价值ETF iShares Russell 1000价值ETF(NYSEARCA：IWD)落后4.9%。削弱其业绩的可能是科技股的集中度较高，这受到了本月上述国债抛售的影响。更高的利率对成长型公司的打击尤其严重。与VTV相比，VTV在金融领域的集中度是科技领域的3倍，而IWD则接近2倍。以科技股为主的纳斯达克综合指数3月份仅上涨0.4%。追踪大盘科技股的景顺QQQ ETF（纳斯达克股票代码：QQQ）本月下跌1.6%。</li></ul>未来</blockquote></p><p> <ul>  <li>And how does that set up for April? Something to consider is seasonality --not surprising given the beginning of earnings season in just two weeks, which may set the tone. It is also bullish: Since 1928, April is the second-best month of average returns of the year, BofA analysts wrote this week.</li>  <li>And on a shorter-term horizon, there is seasonality intra-month. The analysts also surfaced research that the first 10 days of each month typically outperform the last 10. That pattern for January-March has already held. But for April more broadly, LPL Financial’s Ryan Detrick highlighted that in the last 15 years, the S&amp;P 500 has closed higher in 14 of those 15 Aprils.</li>  <li>That isn’t to say that value specifically will outperform, but it speaks broadly to market and portfolio performance. Morgan Stanley in a late March note remarked that “violent rotations” left many portfolios “gored” this year despite the fact that the rotations themselves were “fundamentally triggered.” They upgraded Consumer Staples names as part of that note to account for their expectations that inflation, personal income and GDP rates of growth will slow in the quarter/quarter and year/year comparisons to come.</li>  <li>If you believe, like JP Morgan analysts, that the trends for value will remain intact and that the risks for a pullback are low, it may be worth screening some stocks to determine the best opportunity for your portfolio.</li>  <li>When we conducted an analysis with the highest quant rating using the above screen criteria (expanded to include names outside the U.S.) the stocks appear to your humble author to be bets on a global recovery. Shipowner Danaos Corp.(NYSE:DAC), Resolute Forest Products(NYSE:RFP), TimkenSteel (TMST), publisher Gannett Co.(NYSE:GCI)and Barclays PLC(NYSE:BCS). Danaos just so happens to be relevant to therecent Suez Canal blockage.</li>  <li>For those who fancy stocks with a heftier market cap (i.e. &gt;$5B), BNP Paribas(OTCQX:BNPQY), Impala Platinum(OTCQX:IMPUY), ING Groep(NYSE:ING)and Vale S.A.(NYSE:VALE)are among those on the list; cyclical names if you had to name any.</li> </ul> <img src=\"https://static.tigerbbs.com/93d46ccc40c50c865d9caa7e49cbfe9e\" tg-width=\"1064\" tg-height=\"352\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>四月的情况如何？需要考虑的是季节性——考虑到财报季将在短短两周内开始，这并不奇怪，这可能会定下基调。这也是看涨的：美国银行分析师本周写道，自1928年以来，4月是一年中平均回报率第二好的月份。</li><li>从短期来看，月内存在季节性。分析师还浮出水面的研究表明，每个月的前10天通常优于后10天。1月至3月的这种模式已经存在。但从更广泛的4月份来看，LPL Financial的Ryan Detrick强调，在过去15年中，标普500在这15个4月中有14个收高。</li><li>这并不是说价值会跑赢大盘，但它广泛地说明了市场和投资组合的表现。摩根士丹利在3月底的一份报告中表示，尽管轮换本身是“从根本上触发的”，但今年“暴力轮换”导致许多投资组合“陷入困境”。作为该报告的一部分，他们升级了必需消费品名称，以考虑到他们对未来季度和年度比较中通胀、个人收入和GDP增长率将放缓的预期。</li><li>如果您像摩根大通分析师一样相信价值趋势将保持不变并且回调风险较低，那么可能值得筛选一些股票以确定您投资组合的最佳机会。</li><li>当我们使用上述筛选标准（扩展到包括美国以外的名称）进行具有最高量化评级的分析时，在您谦逊的作者看来，这些股票似乎是对全球复苏的押注。船东Danaos Corp.（纽约证券交易所代码：DAC）、Resolute Forest Products（纽约证券交易所代码：RFP）、铁姆肯钢铁公司（TMST）、出版商Gannett Co.（纽约证券交易所代码：GCI）和巴克莱银行（纽约证券交易所代码：BCS）。达瑙斯恰好与最近的苏伊士运河堵塞有关。</li><li>对于那些喜欢市值较大（即&gt;50亿美元）股票的人来说，法国巴黎银行(OTCQX：BNPQY)、Impala Platinum(OTCQX：IMPUY)、ING Groep(NYSE：ING)和Vale S.A.(NYSE：VALE)都在名单上；循环名称，如果你必须说出任何名称。</li></ul></blockquote></p><p> <ul>  <li>Stocks screened in a vacuum may not make sense without looking more broadly. BNP Paribas in its latest outlook piece is &nbsp;“more optimistic” about global growth than they were 3 months ago, with U.S. forecasts “up sharply.” And just this past week, U.S. President Bidenput forth an ambitious infrastructure plan, which calls for additional stimulus to be added to the economy. Naturally, it is subject to political will and there are risks it dies on the vine or passes the Senate in some slimmed down version. But BofA, in discussing the prospects for further stimulus, advised owning GDP-sensitive cyclical stocks, that are strong on value, and benefit from higher capital expenditures.</li>  <li>Stay tuned next month for another look at the best stocks and strategies. There’s also something to be gleaned by how at year-end, thesame companies keep making appearances&nbsp; on the winners and losers lists.</li> </ul></p><p><blockquote><ul><li>如果不从更广泛的角度来看，在真空中筛选的股票可能没有意义。法国巴黎银行在其最新的展望文章中对全球经济增长比三个月前“更加乐观”，其中美国的预测“大幅上调”。就在上周，美国总统拜登提出了一项雄心勃勃的基础设施计划，评级为经济提供额外刺激。自然，它受制于政治意愿，存在着它夭折或以某种精简版本在参议院通过的风险。但美国银行在讨论进一步刺激的前景时，建议持有对GDP敏感的周期性股票，这些股票价值强劲，并受益于更高的资本支出。</li><li>下个月请继续关注，再次了解最佳股票和策略。同样的公司在年底如何不断出现在赢家和输家名单上，也可以收集到一些东西。</li></ul></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3678351-march-best-stocks-strategies-april\">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":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/news/3678351-march-best-stocks-strategies-april","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126549174","content_text":"Not your typical March as the month came 'in like a lamb, and out like a lion.' No, we aren’tdiscussing precipitation in March, but the precipitous equity market behavior for the U.S stock market on the precipice of all-time highs and what that means for the top stocks moving into April.\nThe inverse of the ancient meteorological proverb aptly describes this past month’shedge fund blowup, a once-in-a generationcanal blockageof worldwide trade, aFed pivot, a treasurymarket selloff, historicelectric vehicleandmarijuana legislation, SPAC-mania, the 1-year anniversary of the pandemic-fueled market selloff and a 6% monthly trough to peak move in the S&P 500(NYSEARCA:SPY). That led high beta names to lag in the latter half. But what strategy or selection of stocks would have served you best for the month?\n\n\nHigh beta stocks lagged more stable names toward month-end\n\nThe exogenous events described above can throw a wrench into any defined strategy, whether you’re a value or growth investor, play momentum, sentiment, technicals or earnings revisions, or just buy what you know. What explicit strategy would have told you to be long Hartford Financial(NYSE:HIG), Nucor(NYSE:NUE)or Kansas City Southern(NYSE:KSU), and either short or unexposed to Penn National, Discovery Inc.(NASDAQ:DISCA)and Viacom(NASDAQ:VIAC), the respective winners and losers in the S&P 500 in March?\nThe answer for the above six is insider trading, which we do not condone for obvious reasons.M&A(twice), aboveconsensus earnings,political uncertaintyandhedge fund implosionsdictated the above fortunes and misfortunes.\nBut to outperform the broader market, the answer this month was value investing. So much so, thatone fascinating aspect of Marchwas how the standard “value stocks” started to screen as “momentum” – those stocks that have registered the strongest performance over the past 12 months. Value, in fact, has been so strong, that the last time they screened as momentum was more than 5 years ago.\n\n\n\nAnd it’s not just March. Value is the best performing factor strategy this year, up nearly 20%. It narrowly beat the performance of the highest levered stocks – those with the highest ratio of debt/total assets – curious bedfellows.\nValue itself is not a monolith. It comes in varying forms. For March, a strategy whereby you long stocks in the highest quartile for Ebitda/Enterprise ratios and short those in the lowest quartile returned more than 9%.  However, that same strategy in March of last year was the 3rd-worst performing among the 30 factors covered by S&P Global, which could mean some old-fashion mean reversion could have been at play after years of underperformance in the value category.\n\n\nSource: S&P Global\n\nWe looked at some specific stocks that performed well, just using the Seeking Alphascreener paired with our proprietary Quant ratings, which happen to have atrack record of outperformancesince inception in 2010. We screened for stocks in the U.S., with more than $500 million market cap, a value rating of A or greater that screened with a bullish or very bullish quant rating.\n\n\n\nThe top 5 performing names in March that screened in the above criteria at the beginning of March registered more than 15% returns in the month, led by TimkenSteel(NYSE:TMST)at 40%, Amneal Pharma(NYSE:AMRX), Resideo Technologies(NYSE:REZI), Super Micro Computer(NASDAQ:SMCI)and Jabil(NYSE:JBL). That compares to the S&P ‘s 4.26% return.\n\n\n\nOf note, 3 of the 12 highest performing names were homebuilders, though their ratings weren’t lifted to a bullish rating until a third of the month had passed. One, Green Brick(NASDAQ:GRBK), was featured among the best value picks by Seeking Alpha's head of quantitative strategies, Steven Cress, in his September discussionabout how many value names screened better than mega-cap tech, like Microsoft(NASDAQ:MSFT)and Apple(NASDAQ:AAPL).\nBeyond picking individual stocks, allocating to ETFs that focused on this strategy would have yielded an approximate 6.3% return, outperforming the S&P 500(SP500)by 200bps. The largest value ETFs, found viaSA’s ETF screener,include Vanguard Value ETF(NYSEARCA:VTV), iShares S&P 500 value ETF(NYSEARCA:IVE)  and SPDR Portfolio S&P 500 value ETF(NYSEARCA:SPYV), with performance across the instruments of 6.3% during March. That compared with the Vanguard S&P 500 ETF (NYSEARCA:VOO)up 2.75% on the month.\n\n\nAnother value ETF, the iShares Russell 1000 Value ETF(NYSEARCA:IWD), lagged at 4.9%. Hamstringing its performance was likely the higher concentration in tech, which was impacted by the aforementioned treasury selloff this month. Higher interest rates hit growth names particularly hard. Compared to VTV, which boasts 3x more of a concentration in financials than in tech, IWD is nearer to 2x. The tech-heavy Nasdaq composite rose just 0.4% in March. The Invesco QQQ ETF(NASDAQ:QQQ), which tracks large cap tech, was down 1.6% on the month.\n\nThe Future\n\nAnd how does that set up for April? Something to consider is seasonality --not surprising given the beginning of earnings season in just two weeks, which may set the tone. It is also bullish: Since 1928, April is the second-best month of average returns of the year, BofA analysts wrote this week.\nAnd on a shorter-term horizon, there is seasonality intra-month. The analysts also surfaced research that the first 10 days of each month typically outperform the last 10. That pattern for January-March has already held. But for April more broadly, LPL Financial’s Ryan Detrick highlighted that in the last 15 years, the S&P 500 has closed higher in 14 of those 15 Aprils.\nThat isn’t to say that value specifically will outperform, but it speaks broadly to market and portfolio performance. Morgan Stanley in a late March note remarked that “violent rotations” left many portfolios “gored” this year despite the fact that the rotations themselves were “fundamentally triggered.” They upgraded Consumer Staples names as part of that note to account for their expectations that inflation, personal income and GDP rates of growth will slow in the quarter/quarter and year/year comparisons to come.\nIf you believe, like JP Morgan analysts, that the trends for value will remain intact and that the risks for a pullback are low, it may be worth screening some stocks to determine the best opportunity for your portfolio.\nWhen we conducted an analysis with the highest quant rating using the above screen criteria (expanded to include names outside the U.S.) the stocks appear to your humble author to be bets on a global recovery. Shipowner Danaos Corp.(NYSE:DAC), Resolute Forest Products(NYSE:RFP), TimkenSteel (TMST), publisher Gannett Co.(NYSE:GCI)and Barclays PLC(NYSE:BCS). Danaos just so happens to be relevant to therecent Suez Canal blockage.\nFor those who fancy stocks with a heftier market cap (i.e. >$5B), BNP Paribas(OTCQX:BNPQY), Impala Platinum(OTCQX:IMPUY), ING Groep(NYSE:ING)and Vale S.A.(NYSE:VALE)are among those on the list; cyclical names if you had to name any.\n\n\n\nStocks screened in a vacuum may not make sense without looking more broadly. BNP Paribas in its latest outlook piece is  “more optimistic” about global growth than they were 3 months ago, with U.S. forecasts “up sharply.” And just this past week, U.S. President Bidenput forth an ambitious infrastructure plan, which calls for additional stimulus to be added to the economy. Naturally, it is subject to political will and there are risks it dies on the vine or passes the Senate in some slimmed down version. But BofA, in discussing the prospects for further stimulus, advised owning GDP-sensitive cyclical stocks, that are strong on value, and benefit from higher capital expenditures.\nStay tuned next month for another look at the best stocks and strategies. There’s also something to be gleaned by how at year-end, thesame companies keep making appearances  on the winners and losers lists.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":338,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357451854,"gmtCreate":1617291228678,"gmtModify":1631892188916,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"More good news please!","listText":"More good news please!","text":"More good news please!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/357451854","repostId":"1103381745","repostType":4,"isVote":1,"tweetType":1,"viewCount":376,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354637857,"gmtCreate":1617165691079,"gmtModify":1631892188920,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Interesting article&nbsp;","listText":"Interesting article&nbsp;","text":"Interesting article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/354637857","repostId":"1166961889","repostType":4,"isVote":1,"tweetType":1,"viewCount":131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353257287,"gmtCreate":1616504384449,"gmtModify":1631892188931,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Bounce back pls","listText":"Bounce back pls","text":"Bounce back pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/353257287","repostId":"1182609357","repostType":4,"repost":{"id":"1182609357","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":1616502280,"share":"https://www.laohu8.com/m/news/1182609357?lang=zh_CN&edition=full","pubTime":"2021-03-23 20:24","market":"us","language":"en","title":"Toplines Before US Market Open on Tuesday<blockquote>周二美国市场开盘前的营收</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1182609357","media":"Tiger Newspress","summary":"U.S. stock futures were mixed on TuesdayInvestors are awaiting remarks from Fed Chair Jerome Powell ","content":"<p><ul><li>U.S. stock futures were mixed on Tuesday</li></ul><ul><li>Investors are&nbsp;awaiting remarks from Fed Chair Jerome Powell and Treasury Secretary Janet Yellen</li></ul>U.S. Stock futures were&nbsp;mixed on Tuesday as investors await testimony from Fed. Chair Jerome Powell, who is expected to confirm that the US economy still has some way to go before a recovery can be verified.</p><p><blockquote><ul><li>美国股指期货周二涨跌不一</li></ul><ul><li>投资者正在等待美联储主席杰罗姆·鲍威尔和财政部长珍妮特·耶伦的讲话</li></ul>由于投资者等待美联储的证词，美国股指期货周二涨跌不一。主席杰罗姆·鲍威尔预计将确认，美国经济在复苏得到验证之前还有一段路要走。</blockquote></p><p>At 8:13 a.m. ET, Dow E-minis were down 130 points, or 0.4%, S&amp;P 500 E-minis were down 14 points, or 0.4% and Nasdaq 100 E-minis were up 8.5 points, or 0.1%.</p><p><blockquote>截至美国东部时间上午8:13，道指e-mini下跌130点，跌幅0.4%，标普500 e-mini下跌14点，跌幅0.4%，纳斯达克100 e-mini上涨8.5点，跌幅0.1%。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ab980107884f7e7c98add10a902ed444\" tg-width=\"1080\" tg-height=\"343\"><span>*Source FromTiger Trade, EST 08:13</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源FromTiger Trade，美国东部时间08:13</span></p></blockquote></p><p>The dollar strengthened, while the 10-year U.S.Treasury yield slid for a second day ahead of this week’s&nbsp;offerings, which include a seven-year note, a maturity that fared poorly in last month’s auction.WTI crude oil dropped below $60 a barrel on concerns about the near-term demand outlook.</p><p><blockquote>美元走强，而10年期美国国债收益率在本周发行前连续第二天下滑，其中包括7年期国债，该期限在上个月的拍卖中表现不佳。WTI原油跌破每桶60美元对近期需求前景的担忧。</blockquote></p><p><b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p><b>AstraZeneca</b>&nbsp;<b>(AZN) </b>– The drugmaker’s stock fell 2.3% in premarket trading after an independent monitoring board told U.S. health officials that the company&nbsp;may have given incomplete efficacy data&nbsp;from its Covid-19 vaccine trial. The Data Safety Monitoring Board said it wanted AstraZeneca to work with it to review the data to ensure it is accurate and up to date.</p><p><blockquote><b>阿斯利康</b> <b>（AZN）</b>–在一个独立监测委员会告诉美国卫生官员，该公司可能提供了不完整的Covid-19疫苗试验疗效数据后，该制药商的股价在盘前交易中下跌2.3%。数据安全监测委员会表示，希望阿斯利康与其合作审查数据，以确保其准确和最新。</blockquote></p><p><b>Li Auto</b>&nbsp;<b>(LI)</b>&nbsp;–&nbsp;On Tuesday, China's Ministry of industry and information technology released two catalogues of new energy vehicles that previously enjoyed preferential tax treatment, among which Li Auto, Nio,Xpeng and BYD all had models on the list. Affected by this, the&nbsp;shares&nbsp;of  Li Auto&nbsp;fell 3.5%, Nio,Xpeng fell 2.4% and NIO fell 1.2%&nbsp;in premarket trading.</p><p><blockquote><b>理想汽车</b> <b>（李）</b>-本周二，我国工信部发布了两份此前享受税收优惠的新能源汽车目录，其中理想汽车、蔚来、小鹏和比亚迪均有车型上榜。受此影响，理想汽车股价在盘前交易中下跌3.5%，蔚来、小鹏汽车下跌2.4%，蔚来下跌1.2%。</blockquote></p><p><b>Baidu&nbsp;(BIDU) </b>– Baidu made its debut on the Hong Kong stock exchange following a secondary listing that raised $3.1 billion for the China-based internet company. Baidu’s U.S. shares sank 2.7% in premarket trading.</p><p><blockquote><b>百度(BIDU)</b>-百度在香港证券交易所首次上市，为这家总部位于中国的互联网公司筹集了31亿美元的资金。百度美股盘前交易中下跌2.7%。</blockquote></p><p><b>Tencent Music Entertainment&nbsp;(TME) </b>– Tencent Music reported quarterly results that came in slightly below Wall Street forecasts. The music streaming service also announced a multi-year licensing agreement with Warner Music and the formation of a joint venture music label with Warner in China. Tencent shares dropped 5.3% in premarket trading.</p><p><blockquote><b>腾讯控股音乐娱乐(TME)</b>-腾讯控股音乐公布的季度业绩略低于华尔街预期。该音乐流媒体服务还宣布与华纳音乐达成多年许可协议，并与华纳在中国成立合资音乐厂牌。腾讯控股股价在盘前交易中下跌5.3%。</blockquote></p><p><b>Microsoft&nbsp;(MSFT) </b>– Microsoft is in talks to buy videogame chat community Discord&nbsp;for more than $10 billion, according to people familiar with the matter who spoke to Bloomberg. One person familiar with the matter said Discord is more likely to go public than to sell itself, however.</p><p><blockquote><b>微软(MSFT)</b>–据接受彭博社采访的知情人士透露，微软正在洽谈以超过100亿美元收购视频游戏聊天社区Discord。不过，一位知情人士表示，Discord更有可能上市，而不是出售自己。</blockquote></p><p><b>Boeing</b>&nbsp;<b>(BA)</b> – Boeing struck a deal for a $5.28 billion two-year revolving credit agreement, higher than the $4 billion that the jet maker was originally said to be seeking. Boeing shares fell 1% in the premarket.</p><p><blockquote><b>波音公司</b> <b>（BA）</b>-波音公司达成了一项价值52.8亿美元的两年期循环信贷协议，高于该飞机制造商最初寻求的40亿美元。波音股价盘前下跌1%。</blockquote></p><p><b>Bilibili&nbsp;(BILI)</b> – Bilibili is set to raise $2.6 billion following the pricing of a Hong Kong secondary listing, according to people with direct knowledge of the matter who spoke to Reuters. The price for the online video site operator’s stock was said to be 2.6% below its Monday close in U.S. trading.</p><p><blockquote><b>哔哩哔哩(BILI)</b>–据直接知情人士向路透社透露，哔哩哔哩在香港二次上市定价后将筹集26亿美元。据称，这家在线视频网站运营商的股价比周一美国收盘价低2.6%。</blockquote></p><p><b>GameStop(GME)</b>&nbsp;–&nbsp;Shares of videogame retailer GameStop Corp, which is transitioning itself into an ecommerce firm, up 0.8% ahead of its fourth-quarter results due after markets close. The stock has been at the center of a recent retail trading frenzy.</p><p><blockquote><b>游戏驿站(GME)</b>-正在转型为电子商务公司的视频游戏零售商游戏驿站公司股价在收盘后公布第四季度业绩之前上涨0.8%。该股一直处于近期散户交易狂潮的中心。</blockquote></p><p><b>ViacomCBS&nbsp;(VIAC) </b>– ViacomCBS will raise $3 billion from stock offerings, following a recent runup in its stock price. The media company will sell $2 billion in class B common shares and $1 billion in mandatory convertible preferred shares. Media companies with streaming services – like the company’s recently rebranded Paramount+ — have been ramping up spending on new content. Viacom fell 5.9% in premarket action.</p><p><blockquote><b>维亚康姆哥伦比亚广播公司(VIAC)</b>-继近期股价上涨后，ViacomCBS将通过股票发行筹集30亿美元。这家媒体公司将出售20亿美元的B类普通股和10亿美元的强制可转换优先股。提供流媒体服务的媒体公司——比如该公司最近更名的派拉蒙+——一直在增加新内容的支出。维亚康姆盘前下跌5.9%。</blockquote></p><p><b>SunRun</b>&nbsp;<b>(RUN) </b>– The solar power company’s stock jumped 2.5% in premarket trading after Goldman Sachs upgraded it to “buy” from “neutral,” pointing to accelerating growth and valuation. SunRun gained 4% Monday after being rated “positive” in new coverage at Susquehanna Financial.</p><p><blockquote><b>SunRun</b> <b>（运行）</b>-高盛将该太阳能公司的股票评级从“中性”上调至“买入”，表明增长和估值正在加速，该公司的股票在盘前交易中上涨2.5%。SunRun在Susquehanna Financial的新报道中被评为“正面”后，周一上涨4%。</blockquote></p><p><b>Peloton&nbsp;(PTON) </b>– Peloton recently bought three companies in a flurry of acquisitions, according to a Bloomberg report. The fitness equipment maker’s acquisitions involved artificial intelligence, wearables and hardware.</p><p><blockquote><b>Peloton(PTON)</b>-据彭博社报道，Peloton最近在一系列收购中收购了三家公司。这家健身器材制造商的收购涉及人工智能、可穿戴设备和硬件。</blockquote></p><p><b>Apollo Global&nbsp;(APO) </b>– The private-equity firm’s shares rose 0.2% in premarket action after Citi upgraded the stock to “buy” from “neutral.” Citi said Apollo’s recent corporate governance moves should reduce headline and other risk factors.</p><p><blockquote><b>阿波罗全球(APO)</b>-花旗将该股评级从“中性”上调至“买入”后，该私募股权公司股价在盘前上涨0.2%。花旗表示，阿波罗最近的公司治理举措应该会减少头条新闻和其他风险因素。</blockquote></p><p></p><p><b>Discovery&nbsp;(DISCA) </b>– Discovery lost 4.6% in premarket trading after UBS downgraded the media company’s stock to “sell” from “neutral,” noting the valuation after the stock nearly quadrupled over the past 12 months. UBS said the risk/reward profile is more challenging at current levels.</p><p><blockquote><b>发现(DISCA)</b>–瑞银将Discovery的股票评级从“中性”下调至“卖出”，并指出该股在过去12个月内几乎翻了两番后的估值，Discovery在盘前交易中下跌4.6%。瑞银表示，在当前水平下，风险/回报状况更具挑战性。</blockquote></p><p><b>Pfizer&nbsp;(PFE) </b>– CEO Albert Bourla told The Wall Street Journal that the drugmakerwould expand its mRNA vaccine businessto target other viruses and pathogens beyond the coronavirus. Bourla said the company gained a decade’s worth of experience in working with Germany’s&nbsp;BioNTech(BNTX) on the Covid-19 vaccine and is now ready to proceed on its own.</p><p><blockquote><b>辉瑞(PFE)</b>–首席执行官Albert Bourla告诉《华尔街日报》，该制药商将扩大其mRNA疫苗业务，以针对冠状病毒以外的其他病毒和病原体。Bourla表示，该公司在与德国BioNTech(BNTX)合作开发Covid-19疫苗方面积累了十年的经验，现在已准备好自行开展。</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>Toplines Before US Market Open on Tuesday<blockquote>周二美国市场开盘前的营收</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\">\nToplines Before US Market Open on Tuesday<blockquote>周二美国市场开盘前的营收</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-23 20:24</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><ul><li>U.S. stock futures were mixed on Tuesday</li></ul><ul><li>Investors are&nbsp;awaiting remarks from Fed Chair Jerome Powell and Treasury Secretary Janet Yellen</li></ul>U.S. Stock futures were&nbsp;mixed on Tuesday as investors await testimony from Fed. Chair Jerome Powell, who is expected to confirm that the US economy still has some way to go before a recovery can be verified.</p><p><blockquote><ul><li>美国股指期货周二涨跌不一</li></ul><ul><li>投资者正在等待美联储主席杰罗姆·鲍威尔和财政部长珍妮特·耶伦的讲话</li></ul>由于投资者等待美联储的证词，美国股指期货周二涨跌不一。主席杰罗姆·鲍威尔预计将确认，美国经济在复苏得到验证之前还有一段路要走。</blockquote></p><p>At 8:13 a.m. ET, Dow E-minis were down 130 points, or 0.4%, S&amp;P 500 E-minis were down 14 points, or 0.4% and Nasdaq 100 E-minis were up 8.5 points, or 0.1%.</p><p><blockquote>截至美国东部时间上午8:13，道指e-mini下跌130点，跌幅0.4%，标普500 e-mini下跌14点，跌幅0.4%，纳斯达克100 e-mini上涨8.5点，跌幅0.1%。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ab980107884f7e7c98add10a902ed444\" tg-width=\"1080\" tg-height=\"343\"><span>*Source FromTiger Trade, EST 08:13</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源FromTiger Trade，美国东部时间08:13</span></p></blockquote></p><p>The dollar strengthened, while the 10-year U.S.Treasury yield slid for a second day ahead of this week’s&nbsp;offerings, which include a seven-year note, a maturity that fared poorly in last month’s auction.WTI crude oil dropped below $60 a barrel on concerns about the near-term demand outlook.</p><p><blockquote>美元走强，而10年期美国国债收益率在本周发行前连续第二天下滑，其中包括7年期国债，该期限在上个月的拍卖中表现不佳。WTI原油跌破每桶60美元对近期需求前景的担忧。</blockquote></p><p><b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p><b>AstraZeneca</b>&nbsp;<b>(AZN) </b>– The drugmaker’s stock fell 2.3% in premarket trading after an independent monitoring board told U.S. health officials that the company&nbsp;may have given incomplete efficacy data&nbsp;from its Covid-19 vaccine trial. The Data Safety Monitoring Board said it wanted AstraZeneca to work with it to review the data to ensure it is accurate and up to date.</p><p><blockquote><b>阿斯利康</b> <b>（AZN）</b>–在一个独立监测委员会告诉美国卫生官员，该公司可能提供了不完整的Covid-19疫苗试验疗效数据后，该制药商的股价在盘前交易中下跌2.3%。数据安全监测委员会表示，希望阿斯利康与其合作审查数据，以确保其准确和最新。</blockquote></p><p><b>Li Auto</b>&nbsp;<b>(LI)</b>&nbsp;–&nbsp;On Tuesday, China's Ministry of industry and information technology released two catalogues of new energy vehicles that previously enjoyed preferential tax treatment, among which Li Auto, Nio,Xpeng and BYD all had models on the list. Affected by this, the&nbsp;shares&nbsp;of  Li Auto&nbsp;fell 3.5%, Nio,Xpeng fell 2.4% and NIO fell 1.2%&nbsp;in premarket trading.</p><p><blockquote><b>理想汽车</b> <b>（李）</b>-本周二，我国工信部发布了两份此前享受税收优惠的新能源汽车目录，其中理想汽车、蔚来、小鹏和比亚迪均有车型上榜。受此影响，理想汽车股价在盘前交易中下跌3.5%，蔚来、小鹏汽车下跌2.4%，蔚来下跌1.2%。</blockquote></p><p><b>Baidu&nbsp;(BIDU) </b>– Baidu made its debut on the Hong Kong stock exchange following a secondary listing that raised $3.1 billion for the China-based internet company. Baidu’s U.S. shares sank 2.7% in premarket trading.</p><p><blockquote><b>百度(BIDU)</b>-百度在香港证券交易所首次上市，为这家总部位于中国的互联网公司筹集了31亿美元的资金。百度美股盘前交易中下跌2.7%。</blockquote></p><p><b>Tencent Music Entertainment&nbsp;(TME) </b>– Tencent Music reported quarterly results that came in slightly below Wall Street forecasts. The music streaming service also announced a multi-year licensing agreement with Warner Music and the formation of a joint venture music label with Warner in China. Tencent shares dropped 5.3% in premarket trading.</p><p><blockquote><b>腾讯控股音乐娱乐(TME)</b>-腾讯控股音乐公布的季度业绩略低于华尔街预期。该音乐流媒体服务还宣布与华纳音乐达成多年许可协议，并与华纳在中国成立合资音乐厂牌。腾讯控股股价在盘前交易中下跌5.3%。</blockquote></p><p><b>Microsoft&nbsp;(MSFT) </b>– Microsoft is in talks to buy videogame chat community Discord&nbsp;for more than $10 billion, according to people familiar with the matter who spoke to Bloomberg. One person familiar with the matter said Discord is more likely to go public than to sell itself, however.</p><p><blockquote><b>微软(MSFT)</b>–据接受彭博社采访的知情人士透露，微软正在洽谈以超过100亿美元收购视频游戏聊天社区Discord。不过，一位知情人士表示，Discord更有可能上市，而不是出售自己。</blockquote></p><p><b>Boeing</b>&nbsp;<b>(BA)</b> – Boeing struck a deal for a $5.28 billion two-year revolving credit agreement, higher than the $4 billion that the jet maker was originally said to be seeking. Boeing shares fell 1% in the premarket.</p><p><blockquote><b>波音公司</b> <b>（BA）</b>-波音公司达成了一项价值52.8亿美元的两年期循环信贷协议，高于该飞机制造商最初寻求的40亿美元。波音股价盘前下跌1%。</blockquote></p><p><b>Bilibili&nbsp;(BILI)</b> – Bilibili is set to raise $2.6 billion following the pricing of a Hong Kong secondary listing, according to people with direct knowledge of the matter who spoke to Reuters. The price for the online video site operator’s stock was said to be 2.6% below its Monday close in U.S. trading.</p><p><blockquote><b>哔哩哔哩(BILI)</b>–据直接知情人士向路透社透露，哔哩哔哩在香港二次上市定价后将筹集26亿美元。据称，这家在线视频网站运营商的股价比周一美国收盘价低2.6%。</blockquote></p><p><b>GameStop(GME)</b>&nbsp;–&nbsp;Shares of videogame retailer GameStop Corp, which is transitioning itself into an ecommerce firm, up 0.8% ahead of its fourth-quarter results due after markets close. The stock has been at the center of a recent retail trading frenzy.</p><p><blockquote><b>游戏驿站(GME)</b>-正在转型为电子商务公司的视频游戏零售商游戏驿站公司股价在收盘后公布第四季度业绩之前上涨0.8%。该股一直处于近期散户交易狂潮的中心。</blockquote></p><p><b>ViacomCBS&nbsp;(VIAC) </b>– ViacomCBS will raise $3 billion from stock offerings, following a recent runup in its stock price. The media company will sell $2 billion in class B common shares and $1 billion in mandatory convertible preferred shares. Media companies with streaming services – like the company’s recently rebranded Paramount+ — have been ramping up spending on new content. Viacom fell 5.9% in premarket action.</p><p><blockquote><b>维亚康姆哥伦比亚广播公司(VIAC)</b>-继近期股价上涨后，ViacomCBS将通过股票发行筹集30亿美元。这家媒体公司将出售20亿美元的B类普通股和10亿美元的强制可转换优先股。提供流媒体服务的媒体公司——比如该公司最近更名的派拉蒙+——一直在增加新内容的支出。维亚康姆盘前下跌5.9%。</blockquote></p><p><b>SunRun</b>&nbsp;<b>(RUN) </b>– The solar power company’s stock jumped 2.5% in premarket trading after Goldman Sachs upgraded it to “buy” from “neutral,” pointing to accelerating growth and valuation. SunRun gained 4% Monday after being rated “positive” in new coverage at Susquehanna Financial.</p><p><blockquote><b>SunRun</b> <b>（运行）</b>-高盛将该太阳能公司的股票评级从“中性”上调至“买入”，表明增长和估值正在加速，该公司的股票在盘前交易中上涨2.5%。SunRun在Susquehanna Financial的新报道中被评为“正面”后，周一上涨4%。</blockquote></p><p><b>Peloton&nbsp;(PTON) </b>– Peloton recently bought three companies in a flurry of acquisitions, according to a Bloomberg report. The fitness equipment maker’s acquisitions involved artificial intelligence, wearables and hardware.</p><p><blockquote><b>Peloton(PTON)</b>-据彭博社报道，Peloton最近在一系列收购中收购了三家公司。这家健身器材制造商的收购涉及人工智能、可穿戴设备和硬件。</blockquote></p><p><b>Apollo Global&nbsp;(APO) </b>– The private-equity firm’s shares rose 0.2% in premarket action after Citi upgraded the stock to “buy” from “neutral.” Citi said Apollo’s recent corporate governance moves should reduce headline and other risk factors.</p><p><blockquote><b>阿波罗全球(APO)</b>-花旗将该股评级从“中性”上调至“买入”后，该私募股权公司股价在盘前上涨0.2%。花旗表示，阿波罗最近的公司治理举措应该会减少头条新闻和其他风险因素。</blockquote></p><p></p><p><b>Discovery&nbsp;(DISCA) </b>– Discovery lost 4.6% in premarket trading after UBS downgraded the media company’s stock to “sell” from “neutral,” noting the valuation after the stock nearly quadrupled over the past 12 months. UBS said the risk/reward profile is more challenging at current levels.</p><p><blockquote><b>发现(DISCA)</b>–瑞银将Discovery的股票评级从“中性”下调至“卖出”，并指出该股在过去12个月内几乎翻了两番后的估值，Discovery在盘前交易中下跌4.6%。瑞银表示，在当前水平下，风险/回报状况更具挑战性。</blockquote></p><p><b>Pfizer&nbsp;(PFE) </b>– CEO Albert Bourla told The Wall Street Journal that the drugmakerwould expand its mRNA vaccine businessto target other viruses and pathogens beyond the coronavirus. Bourla said the company gained a decade’s worth of experience in working with Germany’s&nbsp;BioNTech(BNTX) on the Covid-19 vaccine and is now ready to proceed on its own.</p><p><blockquote><b>辉瑞(PFE)</b>–首席执行官Albert Bourla告诉《华尔街日报》，该制药商将扩大其mRNA疫苗业务，以针对冠状病毒以外的其他病毒和病原体。Bourla表示，该公司在与德国BioNTech(BNTX)合作开发Covid-19疫苗方面积累了十年的经验，现在已准备好自行开展。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","MSFT":"微软","LI":"理想汽车","XPEV":"小鹏汽车","BILI":"哔哩哔哩",".IXIC":"NASDAQ Composite","PFE":"辉瑞","AZN":"阿斯利康","NIO":"蔚来","GME":"游戏驿站",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182609357","content_text":"U.S. stock futures were mixed on TuesdayInvestors are awaiting remarks from Fed Chair Jerome Powell and Treasury Secretary Janet YellenU.S. Stock futures were mixed on Tuesday as investors await testimony from Fed. Chair Jerome Powell, who is expected to confirm that the US economy still has some way to go before a recovery can be verified.At 8:13 a.m. ET, Dow E-minis were down 130 points, or 0.4%, S&P 500 E-minis were down 14 points, or 0.4% and Nasdaq 100 E-minis were up 8.5 points, or 0.1%.*Source FromTiger Trade, EST 08:13The dollar strengthened, while the 10-year U.S.Treasury yield slid for a second day ahead of this week’s offerings, which include a seven-year note, a maturity that fared poorly in last month’s auction.WTI crude oil dropped below $60 a barrel on concerns about the near-term demand outlook.Stocks making the biggest moves in the premarket:AstraZeneca (AZN) – The drugmaker’s stock fell 2.3% in premarket trading after an independent monitoring board told U.S. health officials that the company may have given incomplete efficacy data from its Covid-19 vaccine trial. The Data Safety Monitoring Board said it wanted AstraZeneca to work with it to review the data to ensure it is accurate and up to date.Li Auto (LI) – On Tuesday, China's Ministry of industry and information technology released two catalogues of new energy vehicles that previously enjoyed preferential tax treatment, among which Li Auto, Nio,Xpeng and BYD all had models on the list. Affected by this, the shares of  Li Auto fell 3.5%, Nio,Xpeng fell 2.4% and NIO fell 1.2% in premarket trading.Baidu (BIDU) – Baidu made its debut on the Hong Kong stock exchange following a secondary listing that raised $3.1 billion for the China-based internet company. Baidu’s U.S. shares sank 2.7% in premarket trading.Tencent Music Entertainment (TME) – Tencent Music reported quarterly results that came in slightly below Wall Street forecasts. The music streaming service also announced a multi-year licensing agreement with Warner Music and the formation of a joint venture music label with Warner in China. Tencent shares dropped 5.3% in premarket trading.Microsoft (MSFT) – Microsoft is in talks to buy videogame chat community Discord for more than $10 billion, according to people familiar with the matter who spoke to Bloomberg. One person familiar with the matter said Discord is more likely to go public than to sell itself, however.Boeing (BA) – Boeing struck a deal for a $5.28 billion two-year revolving credit agreement, higher than the $4 billion that the jet maker was originally said to be seeking. Boeing shares fell 1% in the premarket.Bilibili (BILI) – Bilibili is set to raise $2.6 billion following the pricing of a Hong Kong secondary listing, according to people with direct knowledge of the matter who spoke to Reuters. The price for the online video site operator’s stock was said to be 2.6% below its Monday close in U.S. trading.GameStop(GME) – Shares of videogame retailer GameStop Corp, which is transitioning itself into an ecommerce firm, up 0.8% ahead of its fourth-quarter results due after markets close. The stock has been at the center of a recent retail trading frenzy.ViacomCBS (VIAC) – ViacomCBS will raise $3 billion from stock offerings, following a recent runup in its stock price. The media company will sell $2 billion in class B common shares and $1 billion in mandatory convertible preferred shares. Media companies with streaming services – like the company’s recently rebranded Paramount+ — have been ramping up spending on new content. Viacom fell 5.9% in premarket action.SunRun (RUN) – The solar power company’s stock jumped 2.5% in premarket trading after Goldman Sachs upgraded it to “buy” from “neutral,” pointing to accelerating growth and valuation. SunRun gained 4% Monday after being rated “positive” in new coverage at Susquehanna Financial.Peloton (PTON) – Peloton recently bought three companies in a flurry of acquisitions, according to a Bloomberg report. The fitness equipment maker’s acquisitions involved artificial intelligence, wearables and hardware.Apollo Global (APO) – The private-equity firm’s shares rose 0.2% in premarket action after Citi upgraded the stock to “buy” from “neutral.” Citi said Apollo’s recent corporate governance moves should reduce headline and other risk factors.Discovery (DISCA) – Discovery lost 4.6% in premarket trading after UBS downgraded the media company’s stock to “sell” from “neutral,” noting the valuation after the stock nearly quadrupled over the past 12 months. UBS said the risk/reward profile is more challenging at current levels.Pfizer (PFE) – CEO Albert Bourla told The Wall Street Journal that the drugmakerwould expand its mRNA vaccine businessto target other viruses and pathogens beyond the coronavirus. Bourla said the company gained a decade’s worth of experience in working with Germany’s BioNTech(BNTX) on the Covid-19 vaccine and is now ready to proceed on its own.","news_type":1,"symbols_score_info":{"ESmain":0.9,"GME":0.9,"BIDU":0.9,"NQmain":0.9,"BILI":0.9,"LI":0.9,"PFE":0.9,"MSFT":0.9,"AZN":0.9,".SPX":0.9,".DJI":0.9,".IXIC":0.9,"YMmain":0.9,"NIO":0.9,"XPEV":0.9}},"isVote":1,"tweetType":1,"viewCount":324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325640823,"gmtCreate":1615897981762,"gmtModify":1703494653010,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"H","listText":"H","text":"H","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/325640823","repostId":"1129248763","repostType":4,"isVote":1,"tweetType":1,"viewCount":236,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151852844,"gmtCreate":1625073383988,"gmtModify":1631887488845,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151852844","repostId":"1169769253","repostType":4,"isVote":1,"tweetType":1,"viewCount":1488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":105983460,"gmtCreate":1620263884950,"gmtModify":1631887488871,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"😞😞","listText":"😞😞","text":"😞😞","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/105983460","repostId":"2133652936","repostType":4,"isVote":1,"tweetType":1,"viewCount":1114,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373822627,"gmtCreate":1618839894269,"gmtModify":1631889869282,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Noooo","listText":"Noooo","text":"Noooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/373822627","repostId":"1168027310","repostType":4,"repost":{"id":"1168027310","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":1618839138,"share":"https://www.laohu8.com/m/news/1168027310?lang=zh_CN&edition=full","pubTime":"2021-04-19 21:32","market":"us","language":"en","title":"Dow and S&P 500 slip from record highs, tech shares lead losses.<blockquote>道琼斯指数和标普500指数从历史高点下滑，科技股领跌。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1168027310","media":"Tiger Newspress","summary":"U.S. stocks dipped from record levels to start the week on Monday as the weakness in the technology ","content":"<p>U.S. stocks dipped from record levels to start the week on Monday as the weakness in the technology sector weighed on the broader market.</p><p><blockquote>由于科技板块的疲软打压了大盘，美国股市周一从创纪录水平下跌。</blockquote></p><p><img src=\"https://static.tigerbbs.com/ff9931f9d52193c5e8d863287043ae26\" tg-width=\"361\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Futures contracts tied to the Dow slid 75 points. S&amp;P 500 futures shed 0.2%. Nasdaq-100 futures were flat. The S&amp;P 500 and Dow Jones Industrial Average closed atrecord highs on Friday.</p><p><blockquote>与道琼斯指数挂钩的期货合约下跌75点。标普500期货下跌0.2%。纳斯达克100指数期货持平。标普500和道琼斯工业平均指数周五收于历史新高。</blockquote></p><p>Bitcoin was slammed over the weekendafter hitting an all-time high of $64,841 Wednesday morning, according to data from Coin Metrics. At one point, it was down 19% from that record over the weekend before recovering. The cryptocurrency was last at $56,794 on Monday.</p><p><blockquote>根据Coin Metrics的数据，比特币在周三上午触及64,841美元的历史高点后，周末遭受重创。在回升之前，该指数一度较周末的纪录下跌了19%。该加密货币周一最后报56,794美元。</blockquote></p><p>Tesla, a holder of bitcoin, was down 1.5% in premarket trading Monday. Coinbase, which just made its public debut last week, was down by 2% in early trading.</p><p><blockquote>比特币持有者特斯拉周一盘前交易中下跌1.5%。上周刚刚上市的Coinbase早盘下跌2%。</blockquote></p><p>Bank shares were lower in early trading Monday as investors continued to take profits following big earnings from the group last week. Bank of America, Wells Fargo and Citigroup were all lower in premarket trading.</p><p><blockquote>银行股周一早盘走低，因投资者在该集团上周大幅盈利后继续获利了结。美国银行、富国银行和花旗集团在盘前交易中均走低。</blockquote></p><p>Coca-Cola shares rose more than 1% in premarket trading after the consumer giant reportedbetter-than-expected earnings and revenue. The company also said demand in March has returned to pre-pandemic levels.</p><p><blockquote>在消费巨头可口可乐公布好于预期的盈利和收入后，该公司股价在盘前交易中上涨超过1%。该公司还表示，3月份的需求已恢复到大流行前的水平。</blockquote></p><p>Stocks are coming off a week of gains as earnings topped estimates and strong economic data lifted the major averages. The S&amp;P and Dow advanced 1.38% and 1.18% last week respectively for their fourth straight week of gains, while the Nasdaq Composite posted its third positive week in a row.</p><p><blockquote>由于盈利超出预期且强劲的经济数据提振了主要股指，股市正在结束一周的涨幅。标准普尔指数和道琼斯指数上周分别上涨1.38%和1.18%，连续第四周上涨，而纳斯达克综合指数则连续第三周上涨。</blockquote></p><p>Despite stocks trading around record levels, UBS on Friday lifted its forecast for the year. The firm now envisions the S&amp;P 500 ending 2021 at 4,400, which is roughly 5% above where the benchmark index closed on Friday.</p><p><blockquote>尽管股市交易处于创纪录水平，瑞银周五仍上调了今年的预期。该公司目前预计2021年标普500将达到4,400点，比基准指数周五收盘价高出约5%。</blockquote></p><p>\"While investing at all-time highs may be daunting for some, we believe there is more upside ahead,\" the firm wrote in a note to clients. \"Following two rounds of stimulus deployed in the quarter and the ongoing vaccination effort, there is growing evidence that U.S. economic activity is picking up. The latest jobs data, business sentiment readings, and retail sales all point to a strong recovery.\"</p><p><blockquote>该公司在给客户的一份报告中写道：“虽然在历史高点进行投资可能会让一些人望而生畏，但我们相信未来还有更多上涨空间。”“在本季度部署了两轮刺激措施和正在进行的疫苗接种工作之后，越来越多的证据表明美国经济活动正在回升。最新的就业数据、商业信心读数和零售销售都表明强劲复苏。”</blockquote></p><p>The Russell 1000 Growth index has outperformed over the last month, gaining 10% compared to the Russell 1000 Value index's 4% rise, clawing back some of the recent losses after a jump in yields sparked a rotation out of technology and growth-oriented areas of the market.</p><p><blockquote>罗素1000增长指数上个月表现出色，上涨10%，而罗素1000价值指数上涨4%，收复了近期的部分跌幅，此前收益率飙升引发了技术和增长型领域的轮动。市场。</blockquote></p><p>Over the last three months value stocks are still outperforming, however, and Bank of America believes there's more upside ahead for the group. On Friday analysts at the firm said to \"stick with value,\" noting that it still trades at a \"steep discount vs. growth despite the recent strength.\"</p><p><blockquote>然而，在过去三个月中，价值股的表现仍然优于大盘，美国银行认为该集团未来还有更多上涨空间。周五，该公司分析师表示“坚持价值”，并指出该公司的交易价格“尽管近期表现强劲，但与增长相比仍存在大幅折扣”。</blockquote></p><p>On the coronavirus front, White House chief medical advisor Dr. Anthony Fauci said he expects the U.S. willresume administration of the Johnson &amp; Johnson vaccine. The Food and Drug Administration asked states last week to temporarily halt using the single dose vaccine \"out of an abundance of caution\" after six women developed a rare blood-clotting disorder.</p><p><blockquote>在冠状病毒方面，白宫首席医疗顾问安东尼·福奇博士表示，他预计美国将恢复强生疫苗的管理。在六名女性患上罕见的凝血障碍后，美国食品和药物管理局上周要求各州“出于高度谨慎”暂时停止使用单剂量疫苗。</blockquote></p><p>\"My estimate is that we will continue to use it in some form,\" Fauci said Sunday during an interview on NBC's \"Meet the Press.\" \"I doubt very seriously if they just cancel it. I don't think that's going to happen. I do think that there will likely be some sort of warning or restriction or risk assessment.\"</p><p><blockquote>“我估计我们将继续以某种形式使用它，”福奇周日在接受美国全国广播公司“会见新闻界”节目采访时表示。“我非常怀疑他们是否会取消它。我认为这不会发生。我确实认为可能会有某种警告、限制或风险评估。”</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>Dow and S&P 500 slip from record highs, tech shares lead losses.<blockquote>道琼斯指数和标普500指数从历史高点下滑，科技股领跌。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow and S&P 500 slip from record highs, tech shares lead losses.<blockquote>道琼斯指数和标普500指数从历史高点下滑，科技股领跌。</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\">2021-04-19 21:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stocks dipped from record levels to start the week on Monday as the weakness in the technology sector weighed on the broader market.</p><p><blockquote>由于科技板块的疲软打压了大盘，美国股市周一从创纪录水平下跌。</blockquote></p><p><img src=\"https://static.tigerbbs.com/ff9931f9d52193c5e8d863287043ae26\" tg-width=\"361\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Futures contracts tied to the Dow slid 75 points. S&amp;P 500 futures shed 0.2%. Nasdaq-100 futures were flat. The S&amp;P 500 and Dow Jones Industrial Average closed atrecord highs on Friday.</p><p><blockquote>与道琼斯指数挂钩的期货合约下跌75点。标普500期货下跌0.2%。纳斯达克100指数期货持平。标普500和道琼斯工业平均指数周五收于历史新高。</blockquote></p><p>Bitcoin was slammed over the weekendafter hitting an all-time high of $64,841 Wednesday morning, according to data from Coin Metrics. At one point, it was down 19% from that record over the weekend before recovering. The cryptocurrency was last at $56,794 on Monday.</p><p><blockquote>根据Coin Metrics的数据，比特币在周三上午触及64,841美元的历史高点后，周末遭受重创。在回升之前，该指数一度较周末的纪录下跌了19%。该加密货币周一最后报56,794美元。</blockquote></p><p>Tesla, a holder of bitcoin, was down 1.5% in premarket trading Monday. Coinbase, which just made its public debut last week, was down by 2% in early trading.</p><p><blockquote>比特币持有者特斯拉周一盘前交易中下跌1.5%。上周刚刚上市的Coinbase早盘下跌2%。</blockquote></p><p>Bank shares were lower in early trading Monday as investors continued to take profits following big earnings from the group last week. Bank of America, Wells Fargo and Citigroup were all lower in premarket trading.</p><p><blockquote>银行股周一早盘走低，因投资者在该集团上周大幅盈利后继续获利了结。美国银行、富国银行和花旗集团在盘前交易中均走低。</blockquote></p><p>Coca-Cola shares rose more than 1% in premarket trading after the consumer giant reportedbetter-than-expected earnings and revenue. The company also said demand in March has returned to pre-pandemic levels.</p><p><blockquote>在消费巨头可口可乐公布好于预期的盈利和收入后，该公司股价在盘前交易中上涨超过1%。该公司还表示，3月份的需求已恢复到大流行前的水平。</blockquote></p><p>Stocks are coming off a week of gains as earnings topped estimates and strong economic data lifted the major averages. The S&amp;P and Dow advanced 1.38% and 1.18% last week respectively for their fourth straight week of gains, while the Nasdaq Composite posted its third positive week in a row.</p><p><blockquote>由于盈利超出预期且强劲的经济数据提振了主要股指，股市正在结束一周的涨幅。标准普尔指数和道琼斯指数上周分别上涨1.38%和1.18%，连续第四周上涨，而纳斯达克综合指数则连续第三周上涨。</blockquote></p><p>Despite stocks trading around record levels, UBS on Friday lifted its forecast for the year. The firm now envisions the S&amp;P 500 ending 2021 at 4,400, which is roughly 5% above where the benchmark index closed on Friday.</p><p><blockquote>尽管股市交易处于创纪录水平，瑞银周五仍上调了今年的预期。该公司目前预计2021年标普500将达到4,400点，比基准指数周五收盘价高出约5%。</blockquote></p><p>\"While investing at all-time highs may be daunting for some, we believe there is more upside ahead,\" the firm wrote in a note to clients. \"Following two rounds of stimulus deployed in the quarter and the ongoing vaccination effort, there is growing evidence that U.S. economic activity is picking up. The latest jobs data, business sentiment readings, and retail sales all point to a strong recovery.\"</p><p><blockquote>该公司在给客户的一份报告中写道：“虽然在历史高点进行投资可能会让一些人望而生畏，但我们相信未来还有更多上涨空间。”“在本季度部署了两轮刺激措施和正在进行的疫苗接种工作之后，越来越多的证据表明美国经济活动正在回升。最新的就业数据、商业信心读数和零售销售都表明强劲复苏。”</blockquote></p><p>The Russell 1000 Growth index has outperformed over the last month, gaining 10% compared to the Russell 1000 Value index's 4% rise, clawing back some of the recent losses after a jump in yields sparked a rotation out of technology and growth-oriented areas of the market.</p><p><blockquote>罗素1000增长指数上个月表现出色，上涨10%，而罗素1000价值指数上涨4%，收复了近期的部分跌幅，此前收益率飙升引发了技术和增长型领域的轮动。市场。</blockquote></p><p>Over the last three months value stocks are still outperforming, however, and Bank of America believes there's more upside ahead for the group. On Friday analysts at the firm said to \"stick with value,\" noting that it still trades at a \"steep discount vs. growth despite the recent strength.\"</p><p><blockquote>然而，在过去三个月中，价值股的表现仍然优于大盘，美国银行认为该集团未来还有更多上涨空间。周五，该公司分析师表示“坚持价值”，并指出该公司的交易价格“尽管近期表现强劲，但与增长相比仍存在大幅折扣”。</blockquote></p><p>On the coronavirus front, White House chief medical advisor Dr. Anthony Fauci said he expects the U.S. willresume administration of the Johnson &amp; Johnson vaccine. The Food and Drug Administration asked states last week to temporarily halt using the single dose vaccine \"out of an abundance of caution\" after six women developed a rare blood-clotting disorder.</p><p><blockquote>在冠状病毒方面，白宫首席医疗顾问安东尼·福奇博士表示，他预计美国将恢复强生疫苗的管理。在六名女性患上罕见的凝血障碍后，美国食品和药物管理局上周要求各州“出于高度谨慎”暂时停止使用单剂量疫苗。</blockquote></p><p>\"My estimate is that we will continue to use it in some form,\" Fauci said Sunday during an interview on NBC's \"Meet the Press.\" \"I doubt very seriously if they just cancel it. I don't think that's going to happen. I do think that there will likely be some sort of warning or restriction or risk assessment.\"</p><p><blockquote>“我估计我们将继续以某种形式使用它，”福奇周日在接受美国全国广播公司“会见新闻界”节目采访时表示。“我非常怀疑他们是否会取消它。我认为这不会发生。我确实认为可能会有某种警告、限制或风险评估。”</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168027310","content_text":"U.S. stocks dipped from record levels to start the week on Monday as the weakness in the technology sector weighed on the broader market.Futures contracts tied to the Dow slid 75 points. S&P 500 futures shed 0.2%. Nasdaq-100 futures were flat. The S&P 500 and Dow Jones Industrial Average closed atrecord highs on Friday.Bitcoin was slammed over the weekendafter hitting an all-time high of $64,841 Wednesday morning, according to data from Coin Metrics. At one point, it was down 19% from that record over the weekend before recovering. The cryptocurrency was last at $56,794 on Monday.Tesla, a holder of bitcoin, was down 1.5% in premarket trading Monday. Coinbase, which just made its public debut last week, was down by 2% in early trading.Bank shares were lower in early trading Monday as investors continued to take profits following big earnings from the group last week. Bank of America, Wells Fargo and Citigroup were all lower in premarket trading.Coca-Cola shares rose more than 1% in premarket trading after the consumer giant reportedbetter-than-expected earnings and revenue. The company also said demand in March has returned to pre-pandemic levels.Stocks are coming off a week of gains as earnings topped estimates and strong economic data lifted the major averages. The S&P and Dow advanced 1.38% and 1.18% last week respectively for their fourth straight week of gains, while the Nasdaq Composite posted its third positive week in a row.Despite stocks trading around record levels, UBS on Friday lifted its forecast for the year. The firm now envisions the S&P 500 ending 2021 at 4,400, which is roughly 5% above where the benchmark index closed on Friday.\"While investing at all-time highs may be daunting for some, we believe there is more upside ahead,\" the firm wrote in a note to clients. \"Following two rounds of stimulus deployed in the quarter and the ongoing vaccination effort, there is growing evidence that U.S. economic activity is picking up. The latest jobs data, business sentiment readings, and retail sales all point to a strong recovery.\"The Russell 1000 Growth index has outperformed over the last month, gaining 10% compared to the Russell 1000 Value index's 4% rise, clawing back some of the recent losses after a jump in yields sparked a rotation out of technology and growth-oriented areas of the market.Over the last three months value stocks are still outperforming, however, and Bank of America believes there's more upside ahead for the group. On Friday analysts at the firm said to \"stick with value,\" noting that it still trades at a \"steep discount vs. growth despite the recent strength.\"On the coronavirus front, White House chief medical advisor Dr. Anthony Fauci said he expects the U.S. willresume administration of the Johnson & Johnson vaccine. The Food and Drug Administration asked states last week to temporarily halt using the single dose vaccine \"out of an abundance of caution\" after six women developed a rare blood-clotting disorder.\"My estimate is that we will continue to use it in some form,\" Fauci said Sunday during an interview on NBC's \"Meet the Press.\" \"I doubt very seriously if they just cancel it. I don't think that's going to happen. I do think that there will likely be some sort of warning or restriction or risk assessment.\"","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":516,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373826129,"gmtCreate":1618839851061,"gmtModify":1631889869285,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Noooo","listText":"Noooo","text":"Noooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/373826129","repostId":"1168027310","repostType":4,"repost":{"id":"1168027310","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":1618839138,"share":"https://www.laohu8.com/m/news/1168027310?lang=zh_CN&edition=full","pubTime":"2021-04-19 21:32","market":"us","language":"en","title":"Dow and S&P 500 slip from record highs, tech shares lead losses.<blockquote>道琼斯指数和标普500指数从历史高点下滑，科技股领跌。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1168027310","media":"Tiger Newspress","summary":"U.S. stocks dipped from record levels to start the week on Monday as the weakness in the technology ","content":"<p>U.S. stocks dipped from record levels to start the week on Monday as the weakness in the technology sector weighed on the broader market.</p><p><blockquote>由于科技板块的疲软打压了大盘，美国股市周一从创纪录水平下跌。</blockquote></p><p><img src=\"https://static.tigerbbs.com/ff9931f9d52193c5e8d863287043ae26\" tg-width=\"361\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Futures contracts tied to the Dow slid 75 points. S&amp;P 500 futures shed 0.2%. Nasdaq-100 futures were flat. The S&amp;P 500 and Dow Jones Industrial Average closed atrecord highs on Friday.</p><p><blockquote>与道琼斯指数挂钩的期货合约下跌75点。标普500期货下跌0.2%。纳斯达克100指数期货持平。标普500和道琼斯工业平均指数周五收于历史新高。</blockquote></p><p>Bitcoin was slammed over the weekendafter hitting an all-time high of $64,841 Wednesday morning, according to data from Coin Metrics. At one point, it was down 19% from that record over the weekend before recovering. The cryptocurrency was last at $56,794 on Monday.</p><p><blockquote>根据Coin Metrics的数据，比特币在周三上午触及64,841美元的历史高点后，周末遭受重创。在回升之前，该指数一度较周末的纪录下跌了19%。该加密货币周一最后报56,794美元。</blockquote></p><p>Tesla, a holder of bitcoin, was down 1.5% in premarket trading Monday. Coinbase, which just made its public debut last week, was down by 2% in early trading.</p><p><blockquote>比特币持有者特斯拉周一盘前交易中下跌1.5%。上周刚刚上市的Coinbase早盘下跌2%。</blockquote></p><p>Bank shares were lower in early trading Monday as investors continued to take profits following big earnings from the group last week. Bank of America, Wells Fargo and Citigroup were all lower in premarket trading.</p><p><blockquote>银行股周一早盘走低，因投资者在该集团上周大幅盈利后继续获利了结。美国银行、富国银行和花旗集团在盘前交易中均走低。</blockquote></p><p>Coca-Cola shares rose more than 1% in premarket trading after the consumer giant reportedbetter-than-expected earnings and revenue. The company also said demand in March has returned to pre-pandemic levels.</p><p><blockquote>在消费巨头可口可乐公布好于预期的盈利和收入后，该公司股价在盘前交易中上涨超过1%。该公司还表示，3月份的需求已恢复到大流行前的水平。</blockquote></p><p>Stocks are coming off a week of gains as earnings topped estimates and strong economic data lifted the major averages. The S&amp;P and Dow advanced 1.38% and 1.18% last week respectively for their fourth straight week of gains, while the Nasdaq Composite posted its third positive week in a row.</p><p><blockquote>由于盈利超出预期且强劲的经济数据提振了主要股指，股市正在结束一周的涨幅。标准普尔指数和道琼斯指数上周分别上涨1.38%和1.18%，连续第四周上涨，而纳斯达克综合指数则连续第三周上涨。</blockquote></p><p>Despite stocks trading around record levels, UBS on Friday lifted its forecast for the year. The firm now envisions the S&amp;P 500 ending 2021 at 4,400, which is roughly 5% above where the benchmark index closed on Friday.</p><p><blockquote>尽管股市交易处于创纪录水平，瑞银周五仍上调了今年的预期。该公司目前预计2021年标普500将达到4,400点，比基准指数周五收盘价高出约5%。</blockquote></p><p>\"While investing at all-time highs may be daunting for some, we believe there is more upside ahead,\" the firm wrote in a note to clients. \"Following two rounds of stimulus deployed in the quarter and the ongoing vaccination effort, there is growing evidence that U.S. economic activity is picking up. The latest jobs data, business sentiment readings, and retail sales all point to a strong recovery.\"</p><p><blockquote>该公司在给客户的一份报告中写道：“虽然在历史高点进行投资可能会让一些人望而生畏，但我们相信未来还有更多上涨空间。”“在本季度部署了两轮刺激措施和正在进行的疫苗接种工作之后，越来越多的证据表明美国经济活动正在回升。最新的就业数据、商业信心读数和零售销售都表明强劲复苏。”</blockquote></p><p>The Russell 1000 Growth index has outperformed over the last month, gaining 10% compared to the Russell 1000 Value index's 4% rise, clawing back some of the recent losses after a jump in yields sparked a rotation out of technology and growth-oriented areas of the market.</p><p><blockquote>罗素1000增长指数上个月表现出色，上涨10%，而罗素1000价值指数上涨4%，收复了近期的部分跌幅，此前收益率飙升引发了技术和增长型领域的轮动。市场。</blockquote></p><p>Over the last three months value stocks are still outperforming, however, and Bank of America believes there's more upside ahead for the group. On Friday analysts at the firm said to \"stick with value,\" noting that it still trades at a \"steep discount vs. growth despite the recent strength.\"</p><p><blockquote>然而，在过去三个月中，价值股的表现仍然优于大盘，美国银行认为该集团未来还有更多上涨空间。周五，该公司分析师表示“坚持价值”，并指出该公司的交易价格“尽管近期表现强劲，但与增长相比仍存在大幅折扣”。</blockquote></p><p>On the coronavirus front, White House chief medical advisor Dr. Anthony Fauci said he expects the U.S. willresume administration of the Johnson &amp; Johnson vaccine. The Food and Drug Administration asked states last week to temporarily halt using the single dose vaccine \"out of an abundance of caution\" after six women developed a rare blood-clotting disorder.</p><p><blockquote>在冠状病毒方面，白宫首席医疗顾问安东尼·福奇博士表示，他预计美国将恢复强生疫苗的管理。在六名女性患上罕见的凝血障碍后，美国食品和药物管理局上周要求各州“出于高度谨慎”暂时停止使用单剂量疫苗。</blockquote></p><p>\"My estimate is that we will continue to use it in some form,\" Fauci said Sunday during an interview on NBC's \"Meet the Press.\" \"I doubt very seriously if they just cancel it. I don't think that's going to happen. I do think that there will likely be some sort of warning or restriction or risk assessment.\"</p><p><blockquote>“我估计我们将继续以某种形式使用它，”福奇周日在接受美国全国广播公司“会见新闻界”节目采访时表示。“我非常怀疑他们是否会取消它。我认为这不会发生。我确实认为可能会有某种警告、限制或风险评估。”</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>Dow and S&P 500 slip from record highs, tech shares lead losses.<blockquote>道琼斯指数和标普500指数从历史高点下滑，科技股领跌。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow and S&P 500 slip from record highs, tech shares lead losses.<blockquote>道琼斯指数和标普500指数从历史高点下滑，科技股领跌。</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\">2021-04-19 21:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stocks dipped from record levels to start the week on Monday as the weakness in the technology sector weighed on the broader market.</p><p><blockquote>由于科技板块的疲软打压了大盘，美国股市周一从创纪录水平下跌。</blockquote></p><p><img src=\"https://static.tigerbbs.com/ff9931f9d52193c5e8d863287043ae26\" tg-width=\"361\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Futures contracts tied to the Dow slid 75 points. S&amp;P 500 futures shed 0.2%. Nasdaq-100 futures were flat. The S&amp;P 500 and Dow Jones Industrial Average closed atrecord highs on Friday.</p><p><blockquote>与道琼斯指数挂钩的期货合约下跌75点。标普500期货下跌0.2%。纳斯达克100指数期货持平。标普500和道琼斯工业平均指数周五收于历史新高。</blockquote></p><p>Bitcoin was slammed over the weekendafter hitting an all-time high of $64,841 Wednesday morning, according to data from Coin Metrics. At one point, it was down 19% from that record over the weekend before recovering. The cryptocurrency was last at $56,794 on Monday.</p><p><blockquote>根据Coin Metrics的数据，比特币在周三上午触及64,841美元的历史高点后，周末遭受重创。在回升之前，该指数一度较周末的纪录下跌了19%。该加密货币周一最后报56,794美元。</blockquote></p><p>Tesla, a holder of bitcoin, was down 1.5% in premarket trading Monday. Coinbase, which just made its public debut last week, was down by 2% in early trading.</p><p><blockquote>比特币持有者特斯拉周一盘前交易中下跌1.5%。上周刚刚上市的Coinbase早盘下跌2%。</blockquote></p><p>Bank shares were lower in early trading Monday as investors continued to take profits following big earnings from the group last week. Bank of America, Wells Fargo and Citigroup were all lower in premarket trading.</p><p><blockquote>银行股周一早盘走低，因投资者在该集团上周大幅盈利后继续获利了结。美国银行、富国银行和花旗集团在盘前交易中均走低。</blockquote></p><p>Coca-Cola shares rose more than 1% in premarket trading after the consumer giant reportedbetter-than-expected earnings and revenue. The company also said demand in March has returned to pre-pandemic levels.</p><p><blockquote>在消费巨头可口可乐公布好于预期的盈利和收入后，该公司股价在盘前交易中上涨超过1%。该公司还表示，3月份的需求已恢复到大流行前的水平。</blockquote></p><p>Stocks are coming off a week of gains as earnings topped estimates and strong economic data lifted the major averages. The S&amp;P and Dow advanced 1.38% and 1.18% last week respectively for their fourth straight week of gains, while the Nasdaq Composite posted its third positive week in a row.</p><p><blockquote>由于盈利超出预期且强劲的经济数据提振了主要股指，股市正在结束一周的涨幅。标准普尔指数和道琼斯指数上周分别上涨1.38%和1.18%，连续第四周上涨，而纳斯达克综合指数则连续第三周上涨。</blockquote></p><p>Despite stocks trading around record levels, UBS on Friday lifted its forecast for the year. The firm now envisions the S&amp;P 500 ending 2021 at 4,400, which is roughly 5% above where the benchmark index closed on Friday.</p><p><blockquote>尽管股市交易处于创纪录水平，瑞银周五仍上调了今年的预期。该公司目前预计2021年标普500将达到4,400点，比基准指数周五收盘价高出约5%。</blockquote></p><p>\"While investing at all-time highs may be daunting for some, we believe there is more upside ahead,\" the firm wrote in a note to clients. \"Following two rounds of stimulus deployed in the quarter and the ongoing vaccination effort, there is growing evidence that U.S. economic activity is picking up. The latest jobs data, business sentiment readings, and retail sales all point to a strong recovery.\"</p><p><blockquote>该公司在给客户的一份报告中写道：“虽然在历史高点进行投资可能会让一些人望而生畏，但我们相信未来还有更多上涨空间。”“在本季度部署了两轮刺激措施和正在进行的疫苗接种工作之后，越来越多的证据表明美国经济活动正在回升。最新的就业数据、商业信心读数和零售销售都表明强劲复苏。”</blockquote></p><p>The Russell 1000 Growth index has outperformed over the last month, gaining 10% compared to the Russell 1000 Value index's 4% rise, clawing back some of the recent losses after a jump in yields sparked a rotation out of technology and growth-oriented areas of the market.</p><p><blockquote>罗素1000增长指数上个月表现出色，上涨10%，而罗素1000价值指数上涨4%，收复了近期的部分跌幅，此前收益率飙升引发了技术和增长型领域的轮动。市场。</blockquote></p><p>Over the last three months value stocks are still outperforming, however, and Bank of America believes there's more upside ahead for the group. On Friday analysts at the firm said to \"stick with value,\" noting that it still trades at a \"steep discount vs. growth despite the recent strength.\"</p><p><blockquote>然而，在过去三个月中，价值股的表现仍然优于大盘，美国银行认为该集团未来还有更多上涨空间。周五，该公司分析师表示“坚持价值”，并指出该公司的交易价格“尽管近期表现强劲，但与增长相比仍存在大幅折扣”。</blockquote></p><p>On the coronavirus front, White House chief medical advisor Dr. Anthony Fauci said he expects the U.S. willresume administration of the Johnson &amp; Johnson vaccine. The Food and Drug Administration asked states last week to temporarily halt using the single dose vaccine \"out of an abundance of caution\" after six women developed a rare blood-clotting disorder.</p><p><blockquote>在冠状病毒方面，白宫首席医疗顾问安东尼·福奇博士表示，他预计美国将恢复强生疫苗的管理。在六名女性患上罕见的凝血障碍后，美国食品和药物管理局上周要求各州“出于高度谨慎”暂时停止使用单剂量疫苗。</blockquote></p><p>\"My estimate is that we will continue to use it in some form,\" Fauci said Sunday during an interview on NBC's \"Meet the Press.\" \"I doubt very seriously if they just cancel it. I don't think that's going to happen. I do think that there will likely be some sort of warning or restriction or risk assessment.\"</p><p><blockquote>“我估计我们将继续以某种形式使用它，”福奇周日在接受美国全国广播公司“会见新闻界”节目采访时表示。“我非常怀疑他们是否会取消它。我认为这不会发生。我确实认为可能会有某种警告、限制或风险评估。”</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168027310","content_text":"U.S. stocks dipped from record levels to start the week on Monday as the weakness in the technology sector weighed on the broader market.Futures contracts tied to the Dow slid 75 points. S&P 500 futures shed 0.2%. Nasdaq-100 futures were flat. The S&P 500 and Dow Jones Industrial Average closed atrecord highs on Friday.Bitcoin was slammed over the weekendafter hitting an all-time high of $64,841 Wednesday morning, according to data from Coin Metrics. At one point, it was down 19% from that record over the weekend before recovering. The cryptocurrency was last at $56,794 on Monday.Tesla, a holder of bitcoin, was down 1.5% in premarket trading Monday. Coinbase, which just made its public debut last week, was down by 2% in early trading.Bank shares were lower in early trading Monday as investors continued to take profits following big earnings from the group last week. Bank of America, Wells Fargo and Citigroup were all lower in premarket trading.Coca-Cola shares rose more than 1% in premarket trading after the consumer giant reportedbetter-than-expected earnings and revenue. The company also said demand in March has returned to pre-pandemic levels.Stocks are coming off a week of gains as earnings topped estimates and strong economic data lifted the major averages. The S&P and Dow advanced 1.38% and 1.18% last week respectively for their fourth straight week of gains, while the Nasdaq Composite posted its third positive week in a row.Despite stocks trading around record levels, UBS on Friday lifted its forecast for the year. The firm now envisions the S&P 500 ending 2021 at 4,400, which is roughly 5% above where the benchmark index closed on Friday.\"While investing at all-time highs may be daunting for some, we believe there is more upside ahead,\" the firm wrote in a note to clients. \"Following two rounds of stimulus deployed in the quarter and the ongoing vaccination effort, there is growing evidence that U.S. economic activity is picking up. The latest jobs data, business sentiment readings, and retail sales all point to a strong recovery.\"The Russell 1000 Growth index has outperformed over the last month, gaining 10% compared to the Russell 1000 Value index's 4% rise, clawing back some of the recent losses after a jump in yields sparked a rotation out of technology and growth-oriented areas of the market.Over the last three months value stocks are still outperforming, however, and Bank of America believes there's more upside ahead for the group. On Friday analysts at the firm said to \"stick with value,\" noting that it still trades at a \"steep discount vs. growth despite the recent strength.\"On the coronavirus front, White House chief medical advisor Dr. Anthony Fauci said he expects the U.S. willresume administration of the Johnson & Johnson vaccine. The Food and Drug Administration asked states last week to temporarily halt using the single dose vaccine \"out of an abundance of caution\" after six women developed a rare blood-clotting disorder.\"My estimate is that we will continue to use it in some form,\" Fauci said Sunday during an interview on NBC's \"Meet the Press.\" \"I doubt very seriously if they just cancel it. I don't think that's going to happen. I do think that there will likely be some sort of warning or restriction or risk assessment.\"","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":261,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348230663,"gmtCreate":1617930822052,"gmtModify":1631889869298,"author":{"id":"3576409585734326","authorId":"3576409585734326","name":"XMY21","avatar":"https://static.tigerbbs.com/9311bdc44ee542200229958ae63feb64","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576409585734326","idStr":"3576409585734326"},"themes":[],"htmlText":"Don’t stop!","listText":"Don’t stop!","text":"Don’t stop!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/348230663","repostId":"2125726223","repostType":4,"isVote":1,"tweetType":1,"viewCount":214,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}