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2021-08-16

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Nvidia, Tencent,Walmart, Target and Other Stocks to Watch This Week<blockquote>英伟达、腾讯控股、沃尔玛、塔吉特等本周值得关注的股票</blockquote>

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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":1636012826,"share":"https://www.laohu8.com/m/news/1113762730?lang=zh_CN&edition=full","pubTime":"2021-11-04 16:00","market":"us","language":"en","title":"Roku stock slid 8% in premarket trading<blockquote>Roku股价在盘前交易中下跌8%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1113762730","media":"Tiger Newspress","summary":"Roku stock slid 8% in premarket trading Thursday after its revenue and outlook came up short of expe","content":"<p>Roku stock slid 8% in premarket trading&nbsp;Thursday&nbsp;after its revenue and outlook came up short of expectations.</p><p><blockquote>由于收入和前景低于预期，Roku股价周四在盘前交易中下跌8%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/872e672bf237ecf5eaf8ef4a9b8d80e2\" tg-width=\"850\" tg-height=\"620\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Roku&nbsp;reported third-quarter net income of $68.9 million, or 48 cents a share. Total revenue jumped 51% year over year to $680 million. Wall Street’s consensus estimates called for earnings of 9 cents a share and revenue of $684 million, according to FactSet.</p><p><blockquote>Roku公布第三季度净利润为6890万美元，即每股收益48美分。总收入同比增长51%至6.8亿美元。FactSet的数据显示，华尔街普遍预期每股收益为9美分，营收为6.84亿美元。</blockquote></p><p> Roku, which sells devices and offers a platform that allows customers to access streaming services, reported revenue from its platform segment jumped 82% to $583 million. Sales from its devices, called Player revenue, fell 26% year over year to $97.4 million.</p><p><blockquote>Roku销售设备并提供允许客户访问流媒体服务的平台，该公司报告其平台部门的收入增长了82%，达到5.83亿美元。其设备的销售额（称为播放器收入）同比下降26%至9740万美元。</blockquote></p><p> Average revenue per user, on a trailing 12-months basis, jumped 49% year-over-year to $40.10. Active accounts hit 56.4 million, up about 1.3 million from the second quarter. That figure was just short of analyst estimates for 56.7 million. Adjusted earnings before interest, taxes, depreciation, and amortization hit $130.1 million, up 132% from a year ago.</p><p><blockquote>过去12个月，每用户平均收入同比增长49%至40.10美元。活跃账户达到5640万，较第二季度增加约130万。这一数字略低于分析师预期的5670万。调整后的息税折旧摊销前利润达到1.301亿美元，同比增长132%。</blockquote></p><p> “Looking ahead, our business fundamentals remain strong but we are mindful that the challenges created by the global supply chain disruptions will likely continue into 2022,” CEO Anthony Wood and Chief Financial Officer Steve Louden wrote in a shareholder letter. “These headwinds may have a broad impact on the holiday season in terms of consumer confidence, product pricing and availability, and advertising spend levels.”</p><p><blockquote>首席执行官安东尼·伍德(Anthony Wood)和首席财务官史蒂夫·劳登(Steve Louden)在一封股东信中写道：“展望未来，我们的业务基本面依然强劲，但我们意识到全球供应链中断带来的挑战可能会持续到2022年。”“这些不利因素可能会在消费者信心、产品定价和可用性以及广告支出水平方面对假期产生广泛影响。”</blockquote></p><p> For the fourth quarter, Roku expects total revenue between $885 million and $900 million. Its outlook for the bottom line ranges from a net loss of $5 million to net income of $5 million. Wall Street analysts polled by FactSet had forecasted fourth-quarter revenue of $946 million and net income of $33 million.</p><p><blockquote>Roku预计第四季度总收入在8.85亿美元至9亿美元之间。其盈利前景从净亏损500万美元到净利润500万美元不等。FactSet调查的华尔街分析师此前预测第四季度营收为9.46亿美元，净利润为3300万美元。</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>Roku stock slid 8% in premarket trading<blockquote>Roku股价在盘前交易中下跌8%</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\">\nRoku stock slid 8% in premarket trading<blockquote>Roku股价在盘前交易中下跌8%</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\">2021-11-04 16:00</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Roku stock slid 8% in premarket trading&nbsp;Thursday&nbsp;after its revenue and outlook came up short of expectations.</p><p><blockquote>由于收入和前景低于预期，Roku股价周四在盘前交易中下跌8%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/872e672bf237ecf5eaf8ef4a9b8d80e2\" tg-width=\"850\" tg-height=\"620\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Roku&nbsp;reported third-quarter net income of $68.9 million, or 48 cents a share. Total revenue jumped 51% year over year to $680 million. Wall Street’s consensus estimates called for earnings of 9 cents a share and revenue of $684 million, according to FactSet.</p><p><blockquote>Roku公布第三季度净利润为6890万美元，即每股收益48美分。总收入同比增长51%至6.8亿美元。FactSet的数据显示，华尔街普遍预期每股收益为9美分，营收为6.84亿美元。</blockquote></p><p> Roku, which sells devices and offers a platform that allows customers to access streaming services, reported revenue from its platform segment jumped 82% to $583 million. Sales from its devices, called Player revenue, fell 26% year over year to $97.4 million.</p><p><blockquote>Roku销售设备并提供允许客户访问流媒体服务的平台，该公司报告其平台部门的收入增长了82%，达到5.83亿美元。其设备的销售额（称为播放器收入）同比下降26%至9740万美元。</blockquote></p><p> Average revenue per user, on a trailing 12-months basis, jumped 49% year-over-year to $40.10. Active accounts hit 56.4 million, up about 1.3 million from the second quarter. That figure was just short of analyst estimates for 56.7 million. Adjusted earnings before interest, taxes, depreciation, and amortization hit $130.1 million, up 132% from a year ago.</p><p><blockquote>过去12个月，每用户平均收入同比增长49%至40.10美元。活跃账户达到5640万，较第二季度增加约130万。这一数字略低于分析师预期的5670万。调整后的息税折旧摊销前利润达到1.301亿美元，同比增长132%。</blockquote></p><p> “Looking ahead, our business fundamentals remain strong but we are mindful that the challenges created by the global supply chain disruptions will likely continue into 2022,” CEO Anthony Wood and Chief Financial Officer Steve Louden wrote in a shareholder letter. “These headwinds may have a broad impact on the holiday season in terms of consumer confidence, product pricing and availability, and advertising spend levels.”</p><p><blockquote>首席执行官安东尼·伍德(Anthony Wood)和首席财务官史蒂夫·劳登(Steve Louden)在一封股东信中写道：“展望未来，我们的业务基本面依然强劲，但我们意识到全球供应链中断带来的挑战可能会持续到2022年。”“这些不利因素可能会在消费者信心、产品定价和可用性以及广告支出水平方面对假期产生广泛影响。”</blockquote></p><p> For the fourth quarter, Roku expects total revenue between $885 million and $900 million. Its outlook for the bottom line ranges from a net loss of $5 million to net income of $5 million. Wall Street analysts polled by FactSet had forecasted fourth-quarter revenue of $946 million and net income of $33 million.</p><p><blockquote>Roku预计第四季度总收入在8.85亿美元至9亿美元之间。其盈利前景从净亏损500万美元到净利润500万美元不等。FactSet调查的华尔街分析师此前预测第四季度营收为9.46亿美元，净利润为3300万美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ROKU":"Roku Inc"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113762730","content_text":"Roku stock slid 8% in premarket trading Thursday after its revenue and outlook came up short of expectations.\n\nRoku reported third-quarter net income of $68.9 million, or 48 cents a share. Total revenue jumped 51% year over year to $680 million. Wall Street’s consensus estimates called for earnings of 9 cents a share and revenue of $684 million, according to FactSet.\nRoku, which sells devices and offers a platform that allows customers to access streaming services, reported revenue from its platform segment jumped 82% to $583 million. Sales from its devices, called Player revenue, fell 26% year over year to $97.4 million.\nAverage revenue per user, on a trailing 12-months basis, jumped 49% year-over-year to $40.10. Active accounts hit 56.4 million, up about 1.3 million from the second quarter. That figure was just short of analyst estimates for 56.7 million. Adjusted earnings before interest, taxes, depreciation, and amortization hit $130.1 million, up 132% from a year ago.\n“Looking ahead, our business fundamentals remain strong but we are mindful that the challenges created by the global supply chain disruptions will likely continue into 2022,” CEO Anthony Wood and Chief Financial Officer Steve Louden wrote in a shareholder letter. “These headwinds may have a broad impact on the holiday season in terms of consumer confidence, product pricing and availability, and advertising spend levels.”\nFor the fourth quarter, Roku expects total revenue between $885 million and $900 million. Its outlook for the bottom line ranges from a net loss of $5 million to net income of $5 million. Wall Street analysts polled by FactSet had forecasted fourth-quarter revenue of $946 million and net income of $33 million.","news_type":1,"symbols_score_info":{"ROKU":0.9}},"isVote":1,"tweetType":1,"viewCount":2059,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":886281575,"gmtCreate":1631594809697,"gmtModify":1631890785872,"author":{"id":"3576734182904550","authorId":"3576734182904550","name":"Jamessss","avatar":"https://static.tigerbbs.com/6c712eae8eccf0013cc7d0e594915c60","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576734182904550","idStr":"3576734182904550"},"themes":[],"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/886281575","repostId":"1141290411","repostType":4,"isVote":1,"tweetType":1,"viewCount":2711,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":880027823,"gmtCreate":1631002510662,"gmtModify":1631890785891,"author":{"id":"3576734182904550","authorId":"3576734182904550","name":"Jamessss","avatar":"https://static.tigerbbs.com/6c712eae8eccf0013cc7d0e594915c60","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576734182904550","idStr":"3576734182904550"},"themes":[],"htmlText":"J","listText":"J","text":"J","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/880027823","repostId":"1167423848","repostType":4,"repost":{"id":"1167423848","kind":"news","pubTimestamp":1631000207,"share":"https://www.laohu8.com/m/news/1167423848?lang=zh_CN&edition=full","pubTime":"2021-09-07 15:36","market":"us","language":"en","title":"Thinking Of Buying Coca-Cola? Think Again<blockquote>想买可口可乐吗？再想想</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1167423848","media":"Seeking Alpha","summary":"Summary\n\nKO looks like it wants to break out.\nBut I'm skeptical right now given a number of fundamen","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>KO looks like it wants to break out.</li>  <li>But I'm skeptical right now given a number of fundamental headwinds.</li>  <li>With the valuation stretched, avoid KO.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ebefc82af0f236beb1dcd9de3c554471\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Justin Sullivan/Getty Images News</span></p><p><blockquote><ul><li>KO看起来想要爆发。</li><li>但鉴于一些基本阻力，我现在持怀疑态度。</li><li>估值捉襟见肘，避免KO。</li></ul><p class=\"t-img-caption\"><span>贾斯汀·沙利文/盖蒂图片社新闻</span></p></blockquote></p><p> Beverage companies are not always the most glamorous stocks to buy, but over time, they tend to do well. Steady demand from consumers in both at-home and away-from-home channels generally fuels not only reliable growth but some measure of recession resistance as well.</p><p><blockquote>饮料公司并不总是最值得购买的股票，但随着时间的推移，它们往往会表现良好。消费者在国内和国外渠道的稳定需求通常不仅会推动可靠的增长，还会在一定程度上增强抗衰退能力。</blockquote></p><p> Bubbly beverage OG&nbsp;<b>Coca-Cola</b>(KO) is just such a stock that has paid rising dividends longer than most of us have been on this earth, so it fits nicely into the “recession resistant” and “steady growth” categories to be sure.</p><p><blockquote>气泡饮料OG<b>可口可乐</b>(KO)就是这样一只股票，它支付股息的时间比我们大多数人在地球上的时间都要长，因此可以肯定的是，它非常适合“抗衰退”和“稳定增长”类别。</blockquote></p><p> But does that make the stock a buy today? In a world of elevated valuations and low yields, Coca-Cola today seems to fit the bill on both of those accounts as well, and given this, I’m not certain it’s a good use of your capital.</p><p><blockquote>但这是否意味着该股票今天值得买入？在一个估值高、收益率低的世界里，可口可乐今天似乎也符合这两个方面的要求，鉴于此，我不确定这是否是对你资本的良好利用。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e0bbebb19e477d4dc2dc1fced28dd1ef\" tg-width=\"640\" tg-height=\"615\" width=\"100%\" height=\"auto\"><span>Source: StockCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：股票图表</span></p></blockquote></p><p> We’ll start as we always do with a look at the chart to get a glimpse of where we are today. First, the stock broke out over its prior consolidation earlier this year after being pummeled down to $47 back in January. The rally took the stock up about ten bucks in a virtually straight line, which is a huge move for a stock like this. That rally was quite strong, but proved to be unsustainable, as evidenced by the momentum indicators.</p><p><blockquote>我们将像往常一样从看图表开始，以了解我们今天的情况。首先，该股在1月份跌至47美元后，在今年早些时候的盘整中爆发。这次反弹使该股几乎直线上涨了约10美元，对于这样的股票来说，这是一个巨大的波动。这次反弹相当强劲，但事实证明是不可持续的，动量指标就证明了这一点。</blockquote></p><p> The PPO made its high in April, months before the share price did, and even in the most recent stage of the rally, the PPO was actually declining fairly sharply, indicating that there was a meaningful negative divergence. That’s generally what the end of a rally looks like; the bulls are still fighting but not nearly as hard.</p><p><blockquote>PPO在4月份达到顶峰，比股价早了几个月，即使在最近的反弹阶段，PPO实际上也在大幅下跌，这表明存在显着的负背离。这通常是反弹结束的样子；公牛队仍在战斗，但没有那么努力。</blockquote></p><p> However, the PPO recently successfully tested centerline support (the blue oval) and looks like it wants to bounce. I’ve noted the trendline of the current rally, which is just about ready to bump heads with the prior high at $57. We’re going to get a showdown, and the stock will either break trend and decline, or break out and move higher.</p><p><blockquote>然而，PPO最近成功测试了中心线支撑（蓝色椭圆形），看起来它想要反弹。我注意到了当前反弹的趋势线，即将与之前的高点57美元相撞。我们将摊牌，该股要么突破趋势下跌，要么突破走高。</blockquote></p><p> It looks to me like the stock wants to break out, so that’s the way I’m leaning. However, I’m not certain enough to bet on that because the momentum divergences are concerning to me. But if I<i>had</i>to pick one, I’d say a breakout is slightly more likely.</p><p><blockquote>在我看来，这只股票想要突破，所以这就是我的倾向。然而，我还没有足够的把握押注于此，因为动量分歧令我担忧。但如果我<i>哈德</i>要选择一个，我会说突破的可能性稍微大一些。</blockquote></p><p> <b>Fundamental considerations</b></p><p><blockquote><b>基本考虑</b></blockquote></p><p> Now, with a stock like Coca-Cola, there are lots of other considerations besides just the chart. We know that away-from-home volumes dried up massively for the company during the pandemic, as things like restaurants, sports stadiums, and other places where you would go out and buy a zesty beverage were shut temporarily. That segment is still gradually recovering for Coca-Cola, and it has had to compensate with its other growth avenues that are focused at-home, such as coffee, tea, and its core sparkling beverages in smaller packages, for instance.</p><p><blockquote>现在，对于像可口可乐这样的股票，除了图表之外，还有很多其他的考虑因素。我们知道，在疫情期间，该公司的出门在外销量大幅减少，因为餐馆、体育场和其他你可以出去购买风味饮料的地方都暂时关闭了。对于可口可乐来说，这一细分市场仍在逐渐复苏，它必须通过专注于国内的其他增长途径来弥补，例如咖啡、茶及其小包装的核心起泡饮料。</blockquote></p><p> That has shown up in revenue estimates, which we can see below.</p><p><blockquote>这已经体现在收入估计中，我们可以在下面看到。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5e4b3773c1e7e807127bbb82caa7da31\" tg-width=\"640\" tg-height=\"288\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法</span></p></blockquote></p><p> Ignore the massive declines in the early part of this chart; that was due to the company’s now-completed bottling refranchising effort. We can focus on the past couple of years, and see that the company’s revenue estimates are still struggling relative to expectations. As great of a company as Coca-Cola is, you cannot escape the fact that it has a tendency to struggle with revenue estimates. That creates the obvious problem of a lower top line, but also because that impacts things like margins.</p><p><blockquote>忽略此图表早期部分的大幅下跌；这是由于该公司现已完成的装瓶重新特许经营工作。我们可以关注过去几年，看到该公司的收入预期相对于预期仍然存在困难。尽管可口可乐是一家伟大的公司，但你无法回避这样一个事实：它往往会在收入估计上挣扎。这造成了营收较低的明显问题，但也因为这会影响利润率等因素。</blockquote></p><p> The goal of the company’s refranchising effort was to boost margins by divesting low-margin bottling revenue, and it has certainly worked. But that tailwind is no more as those gains have been lapped, and Coca-Cola will now need to find actual margin improvements through sales mix, volumes, or any other means possible.</p><p><blockquote>该公司重新特许经营的目标是通过剥离低利润的装瓶收入来提高利润率，这无疑奏效了。但这种顺风已经不复存在，因为这些收益已经被抵消，可口可乐现在需要通过销售组合、销量或任何其他可能的手段来找到实际的利润率改善。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/68a522469c81b40f6c530d60cfe366bd\" tg-width=\"640\" tg-height=\"166\" width=\"100%\" height=\"auto\"><span>Source: TIKR.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：TIKR.com</span></p></blockquote></p><p></p><p> As we can see, it is working to some extent. Operating margins are in excess of 31% on a trailing-twelve-month basis, which is great. But that’s only marginally higher than it was before the bottling refranchising effort was complete. I’ll say that the company has been able to find profitability improvements in recent quarters, some of which were due to corporate layoffs to reduce headcount where it was apparently bloated. But for investors wanting to own this stock, operating margins are critical, particularly because revenue growth has been so weak.</p><p><blockquote>正如我们所看到的，它在某种程度上是有效的。过去12个月的营业利润率超过31%，这非常好。但这仅比装瓶重新特许经营工作完成前略高。我想说的是，该公司最近几个季度的盈利能力有所改善，其中一些是由于公司裁员以减少明显臃肿的员工人数。但对于想要持有这只股票的投资者来说，营业利润率至关重要，特别是因为收入增长如此疲软。</blockquote></p><p> I’m not certain where revenue growth will come from for Coca-Cola apart from the usual suspects of bottled water, coffee, tea, and other non-sparkling beverages. The trick is that sparkling isn’t growing for the most part but continues to make a huge proportion of revenue. That makes overall growth tricky, even if one or more segments are flying. Diversification works both ways, and in Coca-Cola’s case, it has been a years-long struggle with consumers shifting preferences to non-sparkling beverages.</p><p><blockquote>除了常见的瓶装水、咖啡、茶和其他非起泡饮料之外，我不确定可口可乐的收入增长将来自哪里。诀窍在于，起泡酒在很大程度上并没有增长，但仍在收入中占很大比例。这使得整体增长变得棘手，即使一个或多个细分市场正在蓬勃发展。多元化是双向的，就可口可乐而言，消费者将偏好转向非起泡饮料已经进行了多年的斗争。</blockquote></p><p> Now, let’s take a look at earnings.</p><p><blockquote>现在，让我们来看看收益。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a05cc94d311a7e832b05260e28f4e02f\" tg-width=\"640\" tg-height=\"292\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法</span></p></blockquote></p><p> We can see the same sort of behavior that we saw with revenue, and that is not a compliment. EPS estimates have nearly continuously fallen, and while there’s been an uptick in recent months, it is peanuts compared to the prior declines.</p><p><blockquote>我们可以看到与收入相同的行为，但这并不是一种恭维。每股收益预期几乎持续下降，虽然近几个月有所上升，但与之前的下降相比微不足道。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/88bfd9cfba9cb917a9ba85f7c2b6bd1d\" tg-width=\"434\" tg-height=\"108\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法</span></p></blockquote></p><p> We can see that all 24 revisions that have been made in the past three months have been higher, and that’s fantastic. However, in this case, keep in mind it was because the company is simply retracing lost ground; these are not estimates that are carving out new highs by any stretch of the imagination. You must temper your bullishness as a result, and keep in mind that the stock is knocking on the door of new highs while EPS estimates languish; more on that in a bit.</p><p><blockquote>我们可以看到，过去三个月中进行的所有24次修订都更高了，这太棒了。然而，在这种情况下，请记住，这是因为该公司只是在收复失地；无论怎么想象，这些估计都不会创下新高。因此，你必须缓和你的看涨情绪，并记住，当每股收益预期低迷时，该股正在敲开新高的大门；稍后会有更多介绍。</blockquote></p><p> <b>Other considerations</b></p><p><blockquote><b>其他考虑</b></blockquote></p><p> Apart from revenue concerns, I have others with Coca-Cola as well. Below I’ve plotted long-term debt over the past several years to illustrate one meaningful concern I have.</p><p><blockquote>除了收入问题，我对可口可乐也有其他担忧。下面我绘制了过去几年的长期债务图，以说明我的一个有意义的担忧。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7520b696d1155d8ad6f911efaaf25c3f\" tg-width=\"640\" tg-height=\"167\" width=\"100%\" height=\"auto\"><span>Source: TIKR.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：TIKR.com</span></p></blockquote></p><p> We’re now up to about $40 billion in long-term debt, which is much higher than it was even before the refranchising effort was kicked off. Debt has been steady for the past handful of quarters, but this is a lot of debt for any company, and that includes one of the world’s premier consumer brands. Coca-Cola has the credit to borrow almost whatever it wants, so it isn’t like we’re looking at default potential. But what it does mean is that the company is on the hook for an ever-rising amount of interest expense, which is also taking a bigger share of operating income.</p><p><blockquote>我们现在的长期债务高达约400亿美元，甚至比重新特许经营工作启动之前的水平还要高得多。过去几个季度债务一直保持稳定，但对于任何公司来说，这都是一笔很大的债务，其中包括世界顶级消费品牌之一。可口可乐有信用几乎可以借任何它想借的东西，所以我们并不是在考虑违约的可能性。但这确实意味着该公司面临着不断增加的利息支出，这也占营业收入的更大份额。</blockquote></p><p> Below, we have operating income and interest expense on a trailing-twelve-month basis to illustrate what I’m on about.</p><p><blockquote>下面，我们以过去12个月的营业收入和利息支出来说明我的观点。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e7c1d03e3beebf7482067c62b336d865\" tg-width=\"640\" tg-height=\"167\" width=\"100%\" height=\"auto\"><span>Source: TIKR.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：TIKR.com</span></p></blockquote></p><p> Operating income has been remarkably flat over the years given the amount of change the company has undergone. The most recent quarter finally saw a new high in TTM operating income at $11.5 billion, but interest expense was also $2.2 billion. As a percentage of operating income, interest expense is now nearly 20%. So while the company has been busy trying to boost margins and scrape together some revenue increases, it continues to pay more to creditors.</p><p><blockquote>考虑到公司经历的巨大变化，多年来营业收入一直非常持平。最近一个季度TTM营业收入终于创下新高，达到115亿美元，但利息支出也为22亿美元。利息支出占营业收入的比例目前接近20%。因此，尽管该公司一直忙于提高利润率并争取一些收入增长，但它仍继续向债权人支付更多费用。</blockquote></p><p> This, in turn, reduces EPS because more and more operating income is going to creditors rather than shareholders. At a time when the company is struggling to grow EPS, this is yet another headwind it doesn’t need.</p><p><blockquote>这反过来又会降低每股收益，因为越来越多的营业收入流向债权人而不是股东。在该公司努力增加每股收益之际，这是它不需要的另一个阻力。</blockquote></p><p> There’s another consideration for Coca-Cola given its mostly non-US revenue base, and that is forex conversion.</p><p><blockquote>鉴于可口可乐的收入基础主要不在美国，它还有另一个考虑因素，那就是外汇兑换。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/051241c57ed64f0f6e8247c1cd69b4f8\" tg-width=\"640\" tg-height=\"167\" width=\"100%\" height=\"auto\"><span>Source: TIKR.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：TIKR.com</span></p></blockquote></p><p> Forex conversion has been a headwind given US dollar strength, and as long as the dollar is strong, the company will continue to have hundreds of millions of dollars of headwinds from forex conversion over time. This fluctuates a bunch given the unpredictable nature of forex crosses, but one thing is clear: Coca-Cola isn’t managing it well and it shows.</p><p><blockquote>鉴于美元走强，外汇兑换一直是一个阻力，只要美元走强，随着时间的推移，该公司将继续面临数亿美元的外汇兑换阻力。鉴于外汇交叉的不可预测性，这种情况波动很大，但有一点是明确的：可口可乐没有很好地管理它，这是显而易见的。</blockquote></p><p> <b>Final thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p></p><p> Coca-Cola has some of the greatest consumer brands that have ever existed, and it is a terrific dividend stock. However, the points I’ve raised here make me wary of the stock as it tries to make new highs. I see the valuation as quite stretched, not only against historical norms but against the company’s ability to grow earnings given the points I’ve raised.</p><p><blockquote>可口可乐拥有一些有史以来最伟大的消费品牌，而且它是一只非常棒的股息股票。然而，我在这里提出的观点让我对该股试图创下新高保持警惕。我认为估值相当过高，不仅违背了历史规范，而且考虑到我提出的观点，也违背了公司盈利增长的能力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0749226ff0f1d634f7296539e0b11cdd\" tg-width=\"640\" tg-height=\"188\" width=\"100%\" height=\"auto\"><span>Source: TIKR.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：TIKR.com</span></p></blockquote></p><p> The stock is at ~24X forward earnings today, which is nearly its highest valuation ever. The stock was slightly more expensive at times in 2020 and 2021, but compared to historical valuations, I see the stock as overpriced. That doesn’t mean it cannot get more overpriced by any means, but I’d suggest caution at this stage.</p><p><blockquote>该股目前的预期市盈率约为24倍，几乎是有史以来的最高估值。该股在2020年和2021年有时会稍微贵一些，但与历史估值相比，我认为该股定价过高。这并不意味着它的价格无论如何都不会变得更高，但我建议现阶段要谨慎。</blockquote></p><p> As I mentioned, I think the path of least resistance short-term is probably higher, but I’m in no way interested in trying to trade it. There are numerous headwinds in place that make me doubt the rally, and the valuation is way too stretched for my liking. There are better consumer stocks to buy than Coca-Cola, and if you want the dividend, I think you wait for another larger selloff before pulling the trigger. Medium-term, I see the stock either pulling back to reflect the headwinds I’ve mentioned, or consolidating for a long time to allow EPS to catch up to the share price. Either way, there is no urgency to go out and buy today.</p><p><blockquote>正如我提到的，我认为短期阻力最小的路径可能更高，但我对尝试交易它毫无兴趣。有许多不利因素让我怀疑反弹，而且估值太高，不符合我的喜好。有比可口可乐更好的消费股值得购买，如果你想要股息，我认为你应该等待另一次更大规模的抛售后再扣动扳机。从中期来看，我认为该股要么回调以反映我提到的不利因素，要么长期盘整以使每股收益赶上股价。不管怎样，今天都没有出去买的紧迫感。</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>Thinking Of Buying Coca-Cola? Think Again<blockquote>想买可口可乐吗？再想想</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\">\nThinking Of Buying Coca-Cola? Think Again<blockquote>想买可口可乐吗？再想想</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\">2021-09-07 15:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>KO looks like it wants to break out.</li>  <li>But I'm skeptical right now given a number of fundamental headwinds.</li>  <li>With the valuation stretched, avoid KO.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ebefc82af0f236beb1dcd9de3c554471\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Justin Sullivan/Getty Images News</span></p><p><blockquote><ul><li>KO看起来想要爆发。</li><li>但鉴于一些基本阻力，我现在持怀疑态度。</li><li>估值捉襟见肘，避免KO。</li></ul><p class=\"t-img-caption\"><span>贾斯汀·沙利文/盖蒂图片社新闻</span></p></blockquote></p><p> Beverage companies are not always the most glamorous stocks to buy, but over time, they tend to do well. Steady demand from consumers in both at-home and away-from-home channels generally fuels not only reliable growth but some measure of recession resistance as well.</p><p><blockquote>饮料公司并不总是最值得购买的股票，但随着时间的推移，它们往往会表现良好。消费者在国内和国外渠道的稳定需求通常不仅会推动可靠的增长，还会在一定程度上增强抗衰退能力。</blockquote></p><p> Bubbly beverage OG&nbsp;<b>Coca-Cola</b>(KO) is just such a stock that has paid rising dividends longer than most of us have been on this earth, so it fits nicely into the “recession resistant” and “steady growth” categories to be sure.</p><p><blockquote>气泡饮料OG<b>可口可乐</b>(KO)就是这样一只股票，它支付股息的时间比我们大多数人在地球上的时间都要长，因此可以肯定的是，它非常适合“抗衰退”和“稳定增长”类别。</blockquote></p><p> But does that make the stock a buy today? In a world of elevated valuations and low yields, Coca-Cola today seems to fit the bill on both of those accounts as well, and given this, I’m not certain it’s a good use of your capital.</p><p><blockquote>但这是否意味着该股票今天值得买入？在一个估值高、收益率低的世界里，可口可乐今天似乎也符合这两个方面的要求，鉴于此，我不确定这是否是对你资本的良好利用。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e0bbebb19e477d4dc2dc1fced28dd1ef\" tg-width=\"640\" tg-height=\"615\" width=\"100%\" height=\"auto\"><span>Source: StockCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：股票图表</span></p></blockquote></p><p> We’ll start as we always do with a look at the chart to get a glimpse of where we are today. First, the stock broke out over its prior consolidation earlier this year after being pummeled down to $47 back in January. The rally took the stock up about ten bucks in a virtually straight line, which is a huge move for a stock like this. That rally was quite strong, but proved to be unsustainable, as evidenced by the momentum indicators.</p><p><blockquote>我们将像往常一样从看图表开始，以了解我们今天的情况。首先，该股在1月份跌至47美元后，在今年早些时候的盘整中爆发。这次反弹使该股几乎直线上涨了约10美元，对于这样的股票来说，这是一个巨大的波动。这次反弹相当强劲，但事实证明是不可持续的，动量指标就证明了这一点。</blockquote></p><p> The PPO made its high in April, months before the share price did, and even in the most recent stage of the rally, the PPO was actually declining fairly sharply, indicating that there was a meaningful negative divergence. That’s generally what the end of a rally looks like; the bulls are still fighting but not nearly as hard.</p><p><blockquote>PPO在4月份达到顶峰，比股价早了几个月，即使在最近的反弹阶段，PPO实际上也在大幅下跌，这表明存在显着的负背离。这通常是反弹结束的样子；公牛队仍在战斗，但没有那么努力。</blockquote></p><p> However, the PPO recently successfully tested centerline support (the blue oval) and looks like it wants to bounce. I’ve noted the trendline of the current rally, which is just about ready to bump heads with the prior high at $57. We’re going to get a showdown, and the stock will either break trend and decline, or break out and move higher.</p><p><blockquote>然而，PPO最近成功测试了中心线支撑（蓝色椭圆形），看起来它想要反弹。我注意到了当前反弹的趋势线，即将与之前的高点57美元相撞。我们将摊牌，该股要么突破趋势下跌，要么突破走高。</blockquote></p><p> It looks to me like the stock wants to break out, so that’s the way I’m leaning. However, I’m not certain enough to bet on that because the momentum divergences are concerning to me. But if I<i>had</i>to pick one, I’d say a breakout is slightly more likely.</p><p><blockquote>在我看来，这只股票想要突破，所以这就是我的倾向。然而，我还没有足够的把握押注于此，因为动量分歧令我担忧。但如果我<i>哈德</i>要选择一个，我会说突破的可能性稍微大一些。</blockquote></p><p> <b>Fundamental considerations</b></p><p><blockquote><b>基本考虑</b></blockquote></p><p> Now, with a stock like Coca-Cola, there are lots of other considerations besides just the chart. We know that away-from-home volumes dried up massively for the company during the pandemic, as things like restaurants, sports stadiums, and other places where you would go out and buy a zesty beverage were shut temporarily. That segment is still gradually recovering for Coca-Cola, and it has had to compensate with its other growth avenues that are focused at-home, such as coffee, tea, and its core sparkling beverages in smaller packages, for instance.</p><p><blockquote>现在，对于像可口可乐这样的股票，除了图表之外，还有很多其他的考虑因素。我们知道，在疫情期间，该公司的出门在外销量大幅减少，因为餐馆、体育场和其他你可以出去购买风味饮料的地方都暂时关闭了。对于可口可乐来说，这一细分市场仍在逐渐复苏，它必须通过专注于国内的其他增长途径来弥补，例如咖啡、茶及其小包装的核心起泡饮料。</blockquote></p><p> That has shown up in revenue estimates, which we can see below.</p><p><blockquote>这已经体现在收入估计中，我们可以在下面看到。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5e4b3773c1e7e807127bbb82caa7da31\" tg-width=\"640\" tg-height=\"288\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法</span></p></blockquote></p><p> Ignore the massive declines in the early part of this chart; that was due to the company’s now-completed bottling refranchising effort. We can focus on the past couple of years, and see that the company’s revenue estimates are still struggling relative to expectations. As great of a company as Coca-Cola is, you cannot escape the fact that it has a tendency to struggle with revenue estimates. That creates the obvious problem of a lower top line, but also because that impacts things like margins.</p><p><blockquote>忽略此图表早期部分的大幅下跌；这是由于该公司现已完成的装瓶重新特许经营工作。我们可以关注过去几年，看到该公司的收入预期相对于预期仍然存在困难。尽管可口可乐是一家伟大的公司，但你无法回避这样一个事实：它往往会在收入估计上挣扎。这造成了营收较低的明显问题，但也因为这会影响利润率等因素。</blockquote></p><p> The goal of the company’s refranchising effort was to boost margins by divesting low-margin bottling revenue, and it has certainly worked. But that tailwind is no more as those gains have been lapped, and Coca-Cola will now need to find actual margin improvements through sales mix, volumes, or any other means possible.</p><p><blockquote>该公司重新特许经营的目标是通过剥离低利润的装瓶收入来提高利润率，这无疑奏效了。但这种顺风已经不复存在，因为这些收益已经被抵消，可口可乐现在需要通过销售组合、销量或任何其他可能的手段来找到实际的利润率改善。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/68a522469c81b40f6c530d60cfe366bd\" tg-width=\"640\" tg-height=\"166\" width=\"100%\" height=\"auto\"><span>Source: TIKR.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：TIKR.com</span></p></blockquote></p><p></p><p> As we can see, it is working to some extent. Operating margins are in excess of 31% on a trailing-twelve-month basis, which is great. But that’s only marginally higher than it was before the bottling refranchising effort was complete. I’ll say that the company has been able to find profitability improvements in recent quarters, some of which were due to corporate layoffs to reduce headcount where it was apparently bloated. But for investors wanting to own this stock, operating margins are critical, particularly because revenue growth has been so weak.</p><p><blockquote>正如我们所看到的，它在某种程度上是有效的。过去12个月的营业利润率超过31%，这非常好。但这仅比装瓶重新特许经营工作完成前略高。我想说的是，该公司最近几个季度的盈利能力有所改善，其中一些是由于公司裁员以减少明显臃肿的员工人数。但对于想要持有这只股票的投资者来说，营业利润率至关重要，特别是因为收入增长如此疲软。</blockquote></p><p> I’m not certain where revenue growth will come from for Coca-Cola apart from the usual suspects of bottled water, coffee, tea, and other non-sparkling beverages. The trick is that sparkling isn’t growing for the most part but continues to make a huge proportion of revenue. That makes overall growth tricky, even if one or more segments are flying. Diversification works both ways, and in Coca-Cola’s case, it has been a years-long struggle with consumers shifting preferences to non-sparkling beverages.</p><p><blockquote>除了常见的瓶装水、咖啡、茶和其他非起泡饮料之外，我不确定可口可乐的收入增长将来自哪里。诀窍在于，起泡酒在很大程度上并没有增长，但仍在收入中占很大比例。这使得整体增长变得棘手，即使一个或多个细分市场正在蓬勃发展。多元化是双向的，就可口可乐而言，消费者将偏好转向非起泡饮料已经进行了多年的斗争。</blockquote></p><p> Now, let’s take a look at earnings.</p><p><blockquote>现在，让我们来看看收益。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a05cc94d311a7e832b05260e28f4e02f\" tg-width=\"640\" tg-height=\"292\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法</span></p></blockquote></p><p> We can see the same sort of behavior that we saw with revenue, and that is not a compliment. EPS estimates have nearly continuously fallen, and while there’s been an uptick in recent months, it is peanuts compared to the prior declines.</p><p><blockquote>我们可以看到与收入相同的行为，但这并不是一种恭维。每股收益预期几乎持续下降，虽然近几个月有所上升，但与之前的下降相比微不足道。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/88bfd9cfba9cb917a9ba85f7c2b6bd1d\" tg-width=\"434\" tg-height=\"108\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法</span></p></blockquote></p><p> We can see that all 24 revisions that have been made in the past three months have been higher, and that’s fantastic. However, in this case, keep in mind it was because the company is simply retracing lost ground; these are not estimates that are carving out new highs by any stretch of the imagination. You must temper your bullishness as a result, and keep in mind that the stock is knocking on the door of new highs while EPS estimates languish; more on that in a bit.</p><p><blockquote>我们可以看到，过去三个月中进行的所有24次修订都更高了，这太棒了。然而，在这种情况下，请记住，这是因为该公司只是在收复失地；无论怎么想象，这些估计都不会创下新高。因此，你必须缓和你的看涨情绪，并记住，当每股收益预期低迷时，该股正在敲开新高的大门；稍后会有更多介绍。</blockquote></p><p> <b>Other considerations</b></p><p><blockquote><b>其他考虑</b></blockquote></p><p> Apart from revenue concerns, I have others with Coca-Cola as well. Below I’ve plotted long-term debt over the past several years to illustrate one meaningful concern I have.</p><p><blockquote>除了收入问题，我对可口可乐也有其他担忧。下面我绘制了过去几年的长期债务图，以说明我的一个有意义的担忧。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7520b696d1155d8ad6f911efaaf25c3f\" tg-width=\"640\" tg-height=\"167\" width=\"100%\" height=\"auto\"><span>Source: TIKR.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：TIKR.com</span></p></blockquote></p><p> We’re now up to about $40 billion in long-term debt, which is much higher than it was even before the refranchising effort was kicked off. Debt has been steady for the past handful of quarters, but this is a lot of debt for any company, and that includes one of the world’s premier consumer brands. Coca-Cola has the credit to borrow almost whatever it wants, so it isn’t like we’re looking at default potential. But what it does mean is that the company is on the hook for an ever-rising amount of interest expense, which is also taking a bigger share of operating income.</p><p><blockquote>我们现在的长期债务高达约400亿美元，甚至比重新特许经营工作启动之前的水平还要高得多。过去几个季度债务一直保持稳定，但对于任何公司来说，这都是一笔很大的债务，其中包括世界顶级消费品牌之一。可口可乐有信用几乎可以借任何它想借的东西，所以我们并不是在考虑违约的可能性。但这确实意味着该公司面临着不断增加的利息支出，这也占营业收入的更大份额。</blockquote></p><p> Below, we have operating income and interest expense on a trailing-twelve-month basis to illustrate what I’m on about.</p><p><blockquote>下面，我们以过去12个月的营业收入和利息支出来说明我的观点。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e7c1d03e3beebf7482067c62b336d865\" tg-width=\"640\" tg-height=\"167\" width=\"100%\" height=\"auto\"><span>Source: TIKR.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：TIKR.com</span></p></blockquote></p><p> Operating income has been remarkably flat over the years given the amount of change the company has undergone. The most recent quarter finally saw a new high in TTM operating income at $11.5 billion, but interest expense was also $2.2 billion. As a percentage of operating income, interest expense is now nearly 20%. So while the company has been busy trying to boost margins and scrape together some revenue increases, it continues to pay more to creditors.</p><p><blockquote>考虑到公司经历的巨大变化，多年来营业收入一直非常持平。最近一个季度TTM营业收入终于创下新高，达到115亿美元，但利息支出也为22亿美元。利息支出占营业收入的比例目前接近20%。因此，尽管该公司一直忙于提高利润率并争取一些收入增长，但它仍继续向债权人支付更多费用。</blockquote></p><p> This, in turn, reduces EPS because more and more operating income is going to creditors rather than shareholders. At a time when the company is struggling to grow EPS, this is yet another headwind it doesn’t need.</p><p><blockquote>这反过来又会降低每股收益，因为越来越多的营业收入流向债权人而不是股东。在该公司努力增加每股收益之际，这是它不需要的另一个阻力。</blockquote></p><p> There’s another consideration for Coca-Cola given its mostly non-US revenue base, and that is forex conversion.</p><p><blockquote>鉴于可口可乐的收入基础主要不在美国，它还有另一个考虑因素，那就是外汇兑换。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/051241c57ed64f0f6e8247c1cd69b4f8\" tg-width=\"640\" tg-height=\"167\" width=\"100%\" height=\"auto\"><span>Source: TIKR.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：TIKR.com</span></p></blockquote></p><p> Forex conversion has been a headwind given US dollar strength, and as long as the dollar is strong, the company will continue to have hundreds of millions of dollars of headwinds from forex conversion over time. This fluctuates a bunch given the unpredictable nature of forex crosses, but one thing is clear: Coca-Cola isn’t managing it well and it shows.</p><p><blockquote>鉴于美元走强，外汇兑换一直是一个阻力，只要美元走强，随着时间的推移，该公司将继续面临数亿美元的外汇兑换阻力。鉴于外汇交叉的不可预测性，这种情况波动很大，但有一点是明确的：可口可乐没有很好地管理它，这是显而易见的。</blockquote></p><p> <b>Final thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p></p><p> Coca-Cola has some of the greatest consumer brands that have ever existed, and it is a terrific dividend stock. However, the points I’ve raised here make me wary of the stock as it tries to make new highs. I see the valuation as quite stretched, not only against historical norms but against the company’s ability to grow earnings given the points I’ve raised.</p><p><blockquote>可口可乐拥有一些有史以来最伟大的消费品牌，而且它是一只非常棒的股息股票。然而，我在这里提出的观点让我对该股试图创下新高保持警惕。我认为估值相当过高，不仅违背了历史规范，而且考虑到我提出的观点，也违背了公司盈利增长的能力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0749226ff0f1d634f7296539e0b11cdd\" tg-width=\"640\" tg-height=\"188\" width=\"100%\" height=\"auto\"><span>Source: TIKR.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：TIKR.com</span></p></blockquote></p><p> The stock is at ~24X forward earnings today, which is nearly its highest valuation ever. The stock was slightly more expensive at times in 2020 and 2021, but compared to historical valuations, I see the stock as overpriced. That doesn’t mean it cannot get more overpriced by any means, but I’d suggest caution at this stage.</p><p><blockquote>该股目前的预期市盈率约为24倍，几乎是有史以来的最高估值。该股在2020年和2021年有时会稍微贵一些，但与历史估值相比，我认为该股定价过高。这并不意味着它的价格无论如何都不会变得更高，但我建议现阶段要谨慎。</blockquote></p><p> As I mentioned, I think the path of least resistance short-term is probably higher, but I’m in no way interested in trying to trade it. There are numerous headwinds in place that make me doubt the rally, and the valuation is way too stretched for my liking. There are better consumer stocks to buy than Coca-Cola, and if you want the dividend, I think you wait for another larger selloff before pulling the trigger. Medium-term, I see the stock either pulling back to reflect the headwinds I’ve mentioned, or consolidating for a long time to allow EPS to catch up to the share price. Either way, there is no urgency to go out and buy today.</p><p><blockquote>正如我提到的，我认为短期阻力最小的路径可能更高，但我对尝试交易它毫无兴趣。有许多不利因素让我怀疑反弹，而且估值太高，不符合我的喜好。有比可口可乐更好的消费股值得购买，如果你想要股息，我认为你应该等待另一次更大规模的抛售后再扣动扳机。从中期来看，我认为该股要么回调以反映我提到的不利因素，要么长期盘整以使每股收益赶上股价。不管怎样，今天都没有出去买的紧迫感。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4453756-thinking-of-buying-coca-cola-think-again\">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":{"KO":"可口可乐"},"source_url":"https://seekingalpha.com/article/4453756-thinking-of-buying-coca-cola-think-again","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167423848","content_text":"Summary\n\nKO looks like it wants to break out.\nBut I'm skeptical right now given a number of fundamental headwinds.\nWith the valuation stretched, avoid KO.\n\nJustin Sullivan/Getty Images News\nBeverage companies are not always the most glamorous stocks to buy, but over time, they tend to do well. Steady demand from consumers in both at-home and away-from-home channels generally fuels not only reliable growth but some measure of recession resistance as well.\nBubbly beverage OG Coca-Cola(KO) is just such a stock that has paid rising dividends longer than most of us have been on this earth, so it fits nicely into the “recession resistant” and “steady growth” categories to be sure.\nBut does that make the stock a buy today? In a world of elevated valuations and low yields, Coca-Cola today seems to fit the bill on both of those accounts as well, and given this, I’m not certain it’s a good use of your capital.\nSource: StockCharts\nWe’ll start as we always do with a look at the chart to get a glimpse of where we are today. First, the stock broke out over its prior consolidation earlier this year after being pummeled down to $47 back in January. The rally took the stock up about ten bucks in a virtually straight line, which is a huge move for a stock like this. That rally was quite strong, but proved to be unsustainable, as evidenced by the momentum indicators.\nThe PPO made its high in April, months before the share price did, and even in the most recent stage of the rally, the PPO was actually declining fairly sharply, indicating that there was a meaningful negative divergence. That’s generally what the end of a rally looks like; the bulls are still fighting but not nearly as hard.\nHowever, the PPO recently successfully tested centerline support (the blue oval) and looks like it wants to bounce. I’ve noted the trendline of the current rally, which is just about ready to bump heads with the prior high at $57. We’re going to get a showdown, and the stock will either break trend and decline, or break out and move higher.\nIt looks to me like the stock wants to break out, so that’s the way I’m leaning. However, I’m not certain enough to bet on that because the momentum divergences are concerning to me. But if Ihadto pick one, I’d say a breakout is slightly more likely.\nFundamental considerations\nNow, with a stock like Coca-Cola, there are lots of other considerations besides just the chart. We know that away-from-home volumes dried up massively for the company during the pandemic, as things like restaurants, sports stadiums, and other places where you would go out and buy a zesty beverage were shut temporarily. That segment is still gradually recovering for Coca-Cola, and it has had to compensate with its other growth avenues that are focused at-home, such as coffee, tea, and its core sparkling beverages in smaller packages, for instance.\nThat has shown up in revenue estimates, which we can see below.\nSource: Seeking Alpha\nIgnore the massive declines in the early part of this chart; that was due to the company’s now-completed bottling refranchising effort. We can focus on the past couple of years, and see that the company’s revenue estimates are still struggling relative to expectations. As great of a company as Coca-Cola is, you cannot escape the fact that it has a tendency to struggle with revenue estimates. That creates the obvious problem of a lower top line, but also because that impacts things like margins.\nThe goal of the company’s refranchising effort was to boost margins by divesting low-margin bottling revenue, and it has certainly worked. But that tailwind is no more as those gains have been lapped, and Coca-Cola will now need to find actual margin improvements through sales mix, volumes, or any other means possible.\nSource: TIKR.com\nAs we can see, it is working to some extent. Operating margins are in excess of 31% on a trailing-twelve-month basis, which is great. But that’s only marginally higher than it was before the bottling refranchising effort was complete. I’ll say that the company has been able to find profitability improvements in recent quarters, some of which were due to corporate layoffs to reduce headcount where it was apparently bloated. But for investors wanting to own this stock, operating margins are critical, particularly because revenue growth has been so weak.\nI’m not certain where revenue growth will come from for Coca-Cola apart from the usual suspects of bottled water, coffee, tea, and other non-sparkling beverages. The trick is that sparkling isn’t growing for the most part but continues to make a huge proportion of revenue. That makes overall growth tricky, even if one or more segments are flying. Diversification works both ways, and in Coca-Cola’s case, it has been a years-long struggle with consumers shifting preferences to non-sparkling beverages.\nNow, let’s take a look at earnings.\nSource: Seeking Alpha\nWe can see the same sort of behavior that we saw with revenue, and that is not a compliment. EPS estimates have nearly continuously fallen, and while there’s been an uptick in recent months, it is peanuts compared to the prior declines.\nSource: Seeking Alpha\nWe can see that all 24 revisions that have been made in the past three months have been higher, and that’s fantastic. However, in this case, keep in mind it was because the company is simply retracing lost ground; these are not estimates that are carving out new highs by any stretch of the imagination. You must temper your bullishness as a result, and keep in mind that the stock is knocking on the door of new highs while EPS estimates languish; more on that in a bit.\nOther considerations\nApart from revenue concerns, I have others with Coca-Cola as well. Below I’ve plotted long-term debt over the past several years to illustrate one meaningful concern I have.\nSource: TIKR.com\nWe’re now up to about $40 billion in long-term debt, which is much higher than it was even before the refranchising effort was kicked off. Debt has been steady for the past handful of quarters, but this is a lot of debt for any company, and that includes one of the world’s premier consumer brands. Coca-Cola has the credit to borrow almost whatever it wants, so it isn’t like we’re looking at default potential. But what it does mean is that the company is on the hook for an ever-rising amount of interest expense, which is also taking a bigger share of operating income.\nBelow, we have operating income and interest expense on a trailing-twelve-month basis to illustrate what I’m on about.\nSource: TIKR.com\nOperating income has been remarkably flat over the years given the amount of change the company has undergone. The most recent quarter finally saw a new high in TTM operating income at $11.5 billion, but interest expense was also $2.2 billion. As a percentage of operating income, interest expense is now nearly 20%. So while the company has been busy trying to boost margins and scrape together some revenue increases, it continues to pay more to creditors.\nThis, in turn, reduces EPS because more and more operating income is going to creditors rather than shareholders. At a time when the company is struggling to grow EPS, this is yet another headwind it doesn’t need.\nThere’s another consideration for Coca-Cola given its mostly non-US revenue base, and that is forex conversion.\nSource: TIKR.com\nForex conversion has been a headwind given US dollar strength, and as long as the dollar is strong, the company will continue to have hundreds of millions of dollars of headwinds from forex conversion over time. This fluctuates a bunch given the unpredictable nature of forex crosses, but one thing is clear: Coca-Cola isn’t managing it well and it shows.\nFinal thoughts\nCoca-Cola has some of the greatest consumer brands that have ever existed, and it is a terrific dividend stock. However, the points I’ve raised here make me wary of the stock as it tries to make new highs. I see the valuation as quite stretched, not only against historical norms but against the company’s ability to grow earnings given the points I’ve raised.\nSource: TIKR.com\nThe stock is at ~24X forward earnings today, which is nearly its highest valuation ever. The stock was slightly more expensive at times in 2020 and 2021, but compared to historical valuations, I see the stock as overpriced. That doesn’t mean it cannot get more overpriced by any means, but I’d suggest caution at this stage.\nAs I mentioned, I think the path of least resistance short-term is probably higher, but I’m in no way interested in trying to trade it. There are numerous headwinds in place that make me doubt the rally, and the valuation is way too stretched for my liking. There are better consumer stocks to buy than Coca-Cola, and if you want the dividend, I think you wait for another larger selloff before pulling the trigger. Medium-term, I see the stock either pulling back to reflect the headwinds I’ve mentioned, or consolidating for a long time to allow EPS to catch up to the share price. Either way, there is no urgency to go out and buy today.","news_type":1,"symbols_score_info":{"KO":0.9}},"isVote":1,"tweetType":1,"viewCount":3036,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":837197551,"gmtCreate":1629862393873,"gmtModify":1631890785902,"author":{"id":"3576734182904550","authorId":"3576734182904550","name":"Jamessss","avatar":"https://static.tigerbbs.com/6c712eae8eccf0013cc7d0e594915c60","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576734182904550","idStr":"3576734182904550"},"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/837197551","repostId":"2162087564","repostType":4,"isVote":1,"tweetType":1,"viewCount":3343,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":834001554,"gmtCreate":1629760335878,"gmtModify":1631890785916,"author":{"id":"3576734182904550","authorId":"3576734182904550","name":"Jamessss","avatar":"https://static.tigerbbs.com/6c712eae8eccf0013cc7d0e594915c60","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576734182904550","idStr":"3576734182904550"},"themes":[],"htmlText":"J","listText":"J","text":"J","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/834001554","repostId":"1188170445","repostType":4,"isVote":1,"tweetType":1,"viewCount":2831,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":835136884,"gmtCreate":1629692203348,"gmtModify":1631890785930,"author":{"id":"3576734182904550","authorId":"3576734182904550","name":"Jamessss","avatar":"https://static.tigerbbs.com/6c712eae8eccf0013cc7d0e594915c60","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576734182904550","idStr":"3576734182904550"},"themes":[],"htmlText":"H","listText":"H","text":"H","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/835136884","repostId":"2161235677","repostType":4,"isVote":1,"tweetType":1,"viewCount":3086,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836710797,"gmtCreate":1629522524119,"gmtModify":1631890785944,"author":{"id":"3576734182904550","authorId":"3576734182904550","name":"Jamessss","avatar":"https://static.tigerbbs.com/6c712eae8eccf0013cc7d0e594915c60","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576734182904550","idStr":"3576734182904550"},"themes":[],"htmlText":"G","listText":"G","text":"G","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/836710797","repostId":"1151608193","repostType":4,"repost":{"id":"1151608193","kind":"news","pubTimestamp":1629728324,"share":"https://www.laohu8.com/m/news/1151608193?lang=zh_CN&edition=full","pubTime":"2021-08-23 22:18","market":"us","language":"en","title":"Buy the pullback in chip stocks — and focus on these 6 companies for the long haul<blockquote>买入芯片股回调——长期关注这6家公司</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1151608193","media":"MarketWatch","summary":"The iShares Semiconductor ETF is down over 6% from recent highs.\nISTOCKPHOTO\nIn the rolling correcti","content":"<p><b>The iShares Semiconductor ETF is down over 6% from recent highs.</b></p><p><blockquote><b>iShares半导体ETF较近期高点下跌超过6%。</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b24e4a76a5d1cd0ff030cf1b0eeac0f\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>ISTOCKPHOTO</span></p><p><blockquote><p class=\"t-img-caption\"><span>ISTOCKPHOTO</span></p></blockquote></p><p> In the rolling correction that’s running through the stock market, chip makers have been hit harder than most.</p><p><blockquote>在股市的滚动调整中，芯片制造商受到的打击比大多数制造商都要严重。</blockquote></p><p> The iShares Semiconductor ETF&nbsp;is down over 6% from recent highs, compared to declines of 2% or less for the S&amp;P 500,Nasdaq&nbsp;Composite&nbsp;and the Dow Jones Industrial Average.</p><p><blockquote>iShares半导体ETF较近期高点下跌超过6%，而标普500、纳斯达克综合指数和道琼斯工业平均指数的跌幅为2%或更少。</blockquote></p><p> Does that make chip stocks a buy? Or is this historically cyclical sector up to its old tricks and headed into a sustained downtrend that will rip your face off.</p><p><blockquote>这是否意味着芯片股值得买入？或者这个历史上周期性的行业是否会故技重施，进入持续下跌趋势，让你大吃一惊。</blockquote></p><p> A lot depends on your timeline but if you like to own stocks for years rather than rent them for days, the group is a buy. The chief reason: “It’s different this time.”</p><p><blockquote>很大程度上取决于您的时间表，但如果您喜欢持有多年股票而不是租用几天，那么该集团是值得买入的。主要原因：“这次不一样。”</blockquote></p><p> Those are admittedly among the scariest words in investing. But the chip sector has changed so much it really is different now – in ways that suggest it is less likely to crush you.</p><p><blockquote>诚然，这些是投资中最可怕的词语之一。但芯片行业已经发生了如此大的变化，现在确实有所不同——这表明它不太可能压垮你。</blockquote></p><p> You’d be a fool to think there are no risks. I’ll go over those. But first, here are the three main reasons why the group is “safer” now – and six names favored by the half-dozen sector experts I’ve talked with over the past several days.</p><p><blockquote>如果你认为没有风险，那你就是个傻瓜。我去看看。但首先，以下是该组织现在“更安全”的三个主要原因，以及过去几天我与之交谈的六位行业专家青睐的六个名字。</blockquote></p><p> <b>1. The wicked witch of cyclicality is dead</b></p><p><blockquote><b>1.周期性的邪恶女巫死了</b></blockquote></p><p> “Demand in the chip sector was always boom and bust, driven by product cycles,” says David Winborne, a portfolio manager at Impax Asset Management. “<a href=\"https://laohu8.com/S/FBNC\">First</a> PCs, then servers, then phones.” But now demand for chips has broadened across the economy so the secular growth story is more predictable, he says.</p><p><blockquote>Impax Asset Management的投资组合经理David Winborne表示：“芯片行业的需求总是由产品周期驱动而繁荣和萧条。”<a href=\"https://laohu8.com/S/FBNC\">第一</a>个人电脑，然后是服务器，然后是电话。”但他表示，现在整个经济对芯片的需求已经扩大，因此长期增长情况更容易预测。</blockquote></p><p> <a href=\"https://laohu8.com/S/JE\">Just</a> look around you. Because of the increased “digitalization” of our lives and work, there’s greater diversity of end market demand from all angles. Think remote office services like <a href=\"https://laohu8.com/S/ZM\">Zoom</a>, online shopping, cloud services, electric vehicles, 5G phones, smart factories, big data computing and even washing machines, points out Hendi Susanto, a portfolio manager and tech analyst at Gabelli Funds who is bullish on the group.</p><p><blockquote><a href=\"https://laohu8.com/S/JE\">刚刚</a>看看你周围。由于我们的生活和工作日益“数字化”，从各个角度来看，终端市场需求更加多样化。将远程办公服务视为<a href=\"https://laohu8.com/S/ZM\">Zoom</a>看好该集团的Gabelli Funds投资组合经理兼科技分析师Hendi Susanto指出，在线购物、云服务、电动汽车、5G手机、智能工厂、大数据计算甚至洗衣机。</blockquote></p><p> “There is no aspect of the modern digital economy that can function without semiconductors,” says Motley Fool chip sector analyst John Rotonti. “That means more chips going into everything. The long-term demand is there.”</p><p><blockquote>Motley Fool芯片行业分析师John Rotonti表示：“现代数字经济的任何方面都离不开半导体。”“这意味着更多的芯片进入所有领域。长期需求是存在的。”</blockquote></p><p> He’s not kidding. Chip sector revenue will double by 2030 to $1 trillion from $465 billion in 2020, predicts William&nbsp;Blair&nbsp;analyst Greg Scolaro.</p><p><blockquote>他不是在开玩笑。William Blair分析师Greg Scolaro预测，到2030年，芯片行业的收入将从2020年的4650亿美元翻一番，达到1万亿美元。</blockquote></p><p> All of this means the widespread supply shortages you’ve been hearing about “likely won’t be cured until sometime late next year,” says <a href=\"https://laohu8.com/S/BAC\">Bank of America</a> chip sector analyst Vivek Arya. “That’s not just our view, but <a href=\"https://laohu8.com/S/AONE.U\">one</a> confirmed by a majority of large customers.”</p><p><blockquote>所有这些都意味着你所听到的普遍供应短缺“可能要到明年年底才能得到解决”，他说<a href=\"https://laohu8.com/S/BAC\">美国银行</a>芯片行业分析师Vivek Arya。“这不仅仅是我们的观点，<a href=\"https://laohu8.com/S/AONE.U\">一</a>得到了大多数大客户的确认。”</blockquote></p><p> <b>2. The players have consolidated</b></p><p><blockquote><b>2.玩家已经巩固</b></blockquote></p><p> All up and down the production chain, from design through the various types of equipment producers to manufacturing, industry players have consolidated down into what Rotonti calls “earned” duopolies or monopolies.</p><p><blockquote>在生产链的上上下下，从设计到各种类型的设备生产商再到制造，行业参与者已经整合到罗通蒂·评级“赢得”的双头垄断或垄断中。</blockquote></p><p> In chip design software, you have Cadence Design Systems&nbsp;and Synopsys.In production equipment, companies dominate specialized niches like ASML&nbsp;in extreme ultraviolet lithography&nbsp;(EUV). Manufacturing is dominated by Taiwan Semiconductor&nbsp;and Samsung Electronics.</p><p><blockquote>在芯片设计软件中，有Cadence Design Systems和Synopsys。在生产设备方面，公司在极紫外光刻（EUV）领域的ASML等专业领域占据主导地位。制造业由台积电和三星电子主导。</blockquote></p><p> These companies earned their niche or duopoly status by being the best at what they do. This makes them interesting for investors. The consolidation also means players behave more rationally in terms of pricing and production capacity, says Rotonti.</p><p><blockquote>这些公司通过在他们所做的事情上做到最好来赢得他们的利基或双头垄断地位。这使得投资者对它们很感兴趣。罗通蒂表示，整合还意味着参与者在定价和产能方面表现得更加理性。</blockquote></p><p> <b>3. Profitability has improved</b></p><p><blockquote><b>3、盈利能力有所提升</b></blockquote></p><p> This more rational behavior, combined with cost cutting, means profitability is now much higher than it was historically. “The economics of chip making has improved massively over past few years,” says Winbourne. Cash flow or EBITDA margins are often now over 30% whereas a decade ago they were in the 20% range.</p><p><blockquote>这种更加理性的行为，加上成本削减，意味着现在的盈利能力远高于历史水平。“过去几年，芯片制造的经济性有了很大改善，”温伯恩说。现金流或EBITDA利润率现在通常超过30%，而十年前还在20%左右。</blockquote></p><p> This has implications for valuation. Though chip stocks trade at about a market multiple, they appear cheap because they are better companies, points out Lamar Villere, portfolio manager with Villere &amp; Co. “They are not trading at a frothy multiple.”</p><p><blockquote>这对估值有影响。Villere&amp;Co.的投资组合经理Lamar Villere指出，尽管芯片股的交易价格约为市场倍数，但它们看起来很便宜，因为它们是更好的公司。“他们的市盈率并不是泡沫。”</blockquote></p><p> <b>The stocks to buy</b></p><p><blockquote><b>值得购买的股票</b></blockquote></p><p> Here are six names favored by chip experts I recently checked in with.</p><p><blockquote>以下是我最近调查的芯片专家青睐的六个名字。</blockquote></p><p> <b>New management plays</b></p><p><blockquote><b>新的管理策略</b></blockquote></p><p> Though Peter Karazeris, a senior equity research analyst at Thrivent, has reasons to be cautious on the group (see below), he singles out two companies whose performance may get a boost because they are under new management: Qualcomm&nbsp;and ON Semiconductor.</p><p><blockquote>尽管Thrivent的高级股票研究分析师Peter Karazeris有理由对该集团持谨慎态度（见下文），但他特别指出了两家公司，它们的业绩可能会因为在新管理层的领导下而得到提振：高通和安森美半导体。</blockquote></p><p></p><p> Both have solid profitability. Qualcomm was recently hit by one-off issues like bad weather in Texas that disrupted production, but the company has good exposure to the 5G phone trend. <a href=\"https://laohu8.com/S/ON\">ON Semiconductor</a> is expanding beyond phones into new areas like autos, industrial and the Internet of Things connected-device space.</p><p><blockquote>两者都具有稳健的盈利能力。高通最近受到了一次性问题的打击，例如德克萨斯州的恶劣天气导致生产中断，但该公司对5G手机趋势有很好的了解。<a href=\"https://laohu8.com/S/ON\">安森美半导体</a>正在从手机扩展到汽车、工业和物联网互联设备领域等新领域。</blockquote></p><p> <b>A data center and gaming play</b></p><p><blockquote><b>数据中心和游戏</b></blockquote></p><p> Karazeris also singles out Nvidia,which gets a continuing boost from its exposure to data center and gaming device chip demand — because of its superior design prowess.</p><p><blockquote>Karazeris还特别提到了Nvidia，该公司因其卓越的设计能力而从数据中心和游戏设备芯片需求中获得持续增长。</blockquote></p><p> <b>Design tool companies</b></p><p><blockquote><b>设计工具公司</b></blockquote></p><p> Speaking of design, when companies like Qualcomm and NVIDIA want to design chips, they turn to the design tools supplied by Cadence Design Systems and <a href=\"https://laohu8.com/S/SNPS\">Synopsys</a>.</p><p><blockquote>说到设计，当像高通和英伟达这样的公司想要设计芯片时，他们会求助于Cadence Design Systems提供的设计工具和<a href=\"https://laohu8.com/S/SNPS\">新思科技</a>.</blockquote></p><p> Their software-based design tools help chip innovators create the blueprint for their chips, explains Rotonti at Motley Fool, who singles out these names. “They are not the fastest growers in the world, but they have good profit margins.” They also dominate the space.</p><p><blockquote>Motley Fool的Rotonti解释说，他们基于软件的设计工具帮助芯片创新者为他们的芯片创建蓝图，他挑出了这些名字。“他们不是世界上最快的种植者，但他们有很好的利润率。”他们也主宰着这个空间。</blockquote></p><p> <b>An EUV&nbsp;play</b></p><p><blockquote><b>EUV播放</b></blockquote></p><p> To put those blueprints onto silicon in the early stages of chip production, companies like Taiwan Semiconductor and Samsung turn to ASML. Its machines use tiny bursts of light to stencil chip designs onto silicon wafers, in a process called extreme ultraviolet lithography. “No one else has figured out how to do it,” says Rotonti.</p><p><blockquote>为了在芯片生产的早期阶段将这些蓝图放在硅上，台积电和三星等公司转向ASML。它的机器使用微小的光脉冲将芯片设计模板到硅片上，这一过程被称为极紫外光刻。“没有人知道如何做到这一点，”罗通蒂说。</blockquote></p><p> In other words, it has a monopoly position in supplying machines that do this – which are necessary for any company that wants to make leading edge chips.</p><p><blockquote>换句话说，它在供应做到这一点的机器方面拥有垄断地位——这对于任何想要制造领先芯片的公司来说都是必要的。</blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> Here are some of the chief risks for chip sector investors to watch.</p><p><blockquote>以下是芯片行业投资者需要关注的一些主要风险。</blockquote></p><p> <b>Oversupply</b></p><p><blockquote><b>供应过剩</b></blockquote></p><p> Chip production has become politicized. The U.S. wants more production at home so it is not vulnerable to disruptions in Chinese supply chains. <a href=\"https://laohu8.com/S/CAAS\">China</a> wants to make 70% of the chips it uses by 2025, up from 5% now, says Winborne.</p><p><blockquote>芯片生产已经政治化。美国希望在国内生产更多产品，这样就不会受到中国供应链中断的影响。<a href=\"https://laohu8.com/S/CAAS\">中国</a>Winborne表示，希望到2025年生产70%的芯片，高于目前的5%。</blockquote></p><p> The upshot here is that there’s lots of government support to boost manufacturing – so there will be much more of it. The risk is oversupply at some point in the future. This might also create a pull forward in chip equipment purchases — leading to a lull down the road which could hurt sales and margin trends at equipment makers.</p><p><blockquote>这里的结果是，有大量的政府支持来促进制造业——所以会有更多的支持。风险在于未来某个时候供应过剩。这也可能会推动芯片设备的购买，导致未来的平静，这可能会损害设备制造商的销售和利润趋势。</blockquote></p><p> Next, big tech companies like Alphabet,Apple&nbsp;and Ammazon.com&nbsp;are all doing their own chip design, which threatens specialized chip companies that do the same thing.</p><p><blockquote>接下来，像Alphabet、苹果和亚马逊这样的大型科技公司都在做自己的芯片设计，这威胁到了做同样事情的专业芯片公司。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/QTM\">Quantum</a> computing</b></p><p><blockquote><b><a href=\"https://laohu8.com/S/QTM\">量子的</a>计算机的</b></blockquote></p><p> Computers using chip designs based on quantum physics instead of traditional semiconductor architectures have superior performance, points out Scolaro at William Blair. “While it probably won’t become mainstream for at least another five years, quantum computing has the potential to transform everything from technology to healthcare.”</p><p><blockquote>William Blair的Scolaro指出，使用基于量子物理学的芯片设计而不是传统半导体架构的计算机具有卓越的性能。“虽然量子计算可能至少在未来五年内不会成为主流，但它有潜力改变从技术到医疗保健的一切。”</blockquote></p><p> <b>A disturbing signal</b></p><p><blockquote><b>令人不安的信号</b></blockquote></p><p> A blend of global purchasing managers (PMI) indexes peaked in April and then decelerated for three months. Meanwhile chip sales growth continued. Normally the two follow the same trend, points out Karazeris, who tracks this indicator at Thrivent. He chalks the divergence up to inventory building which is less sustainable than true end-market demand. So, he takes the divergence as a bearish signal for the chip sector.</p><p><blockquote>全球采购经理人指数（PMI）在4月份达到顶峰，然后连续三个月减速。与此同时，芯片销售持续增长。在Thrivent跟踪这一指标的Karazeris指出，通常情况下，两者遵循相同的趋势。他将这种差异归因于库存建设，而库存建设的可持续性不如真实的终端市场需求。因此，他将这种背离视为芯片行业的看跌信号。</blockquote></p><p> Another cautionary sign comes from the forecasted weakness in pricing for dynamic random-access memory&nbsp;(DRAM) chips. “These are typically things you see at tops of cycles not the bottoms,” says Karazeris.</p><p><blockquote>另一个警告信号来自动态随机存取存储器（DRAM）芯片定价的预测疲软。“这些通常是你在周期顶部而不是底部看到的事情，”卡拉泽里斯说。</blockquote></p><p> But it’s also possible the slowdown in the global PMI is more a reflection of chip shortages than a sign that the shortages aren’t real (and are just inventory building). “The divergence doesn’t necessarily mean that chip orders are going to roll over and die. It means chip manufacturing has to catch up,” says Leuthold economist and strategist Jim Paulsen.</p><p><blockquote>但全球PMI放缓也有可能更多地反映了芯片短缺，而不是表明短缺并不真实（只是库存增加）。Leuthold经济学家兼策略师吉姆·保尔森(Jim Paulsen)表示：“这种分歧并不一定意味着芯片订单会滚动并死亡。这意味着芯片制造业必须迎头赶上。”</blockquote></p><p> Ford,for example, just announced it had to curtail production because of chip shortages, not a shortfall in underlying demand.</p><p><blockquote>例如，福特刚刚宣布，由于芯片短缺，而不是潜在需求短缺，它不得不削减产量。</blockquote></p><p> Paulsen predicts decent economic growth is sustainable because of factors like high savings rates, the rebound in employment and incomes as well as pent-up demand for big ticket items. If he’s right, the continued economic strength would support demand for all the products that use chips – including <a href=\"https://laohu8.com/S/F\">Ford</a> cars.</p><p><blockquote>保尔森预测，由于高储蓄率、就业和收入反弹以及被压抑的大件商品需求等因素，良好的经济增长是可持续的。如果他是对的，持续的经济实力将支持对所有使用芯片的产品的需求——包括<a href=\"https://laohu8.com/S/F\">福特</a>汽车。</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>Buy the pullback in chip stocks — and focus on these 6 companies for the long haul<blockquote>买入芯片股回调——长期关注这6家公司</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\">\nBuy the pullback in chip stocks — and focus on these 6 companies for the long haul<blockquote>买入芯片股回调——长期关注这6家公司</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-23 22:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>The iShares Semiconductor ETF is down over 6% from recent highs.</b></p><p><blockquote><b>iShares半导体ETF较近期高点下跌超过6%。</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b24e4a76a5d1cd0ff030cf1b0eeac0f\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>ISTOCKPHOTO</span></p><p><blockquote><p class=\"t-img-caption\"><span>ISTOCKPHOTO</span></p></blockquote></p><p> In the rolling correction that’s running through the stock market, chip makers have been hit harder than most.</p><p><blockquote>在股市的滚动调整中，芯片制造商受到的打击比大多数制造商都要严重。</blockquote></p><p> The iShares Semiconductor ETF&nbsp;is down over 6% from recent highs, compared to declines of 2% or less for the S&amp;P 500,Nasdaq&nbsp;Composite&nbsp;and the Dow Jones Industrial Average.</p><p><blockquote>iShares半导体ETF较近期高点下跌超过6%，而标普500、纳斯达克综合指数和道琼斯工业平均指数的跌幅为2%或更少。</blockquote></p><p> Does that make chip stocks a buy? Or is this historically cyclical sector up to its old tricks and headed into a sustained downtrend that will rip your face off.</p><p><blockquote>这是否意味着芯片股值得买入？或者这个历史上周期性的行业是否会故技重施，进入持续下跌趋势，让你大吃一惊。</blockquote></p><p> A lot depends on your timeline but if you like to own stocks for years rather than rent them for days, the group is a buy. The chief reason: “It’s different this time.”</p><p><blockquote>很大程度上取决于您的时间表，但如果您喜欢持有多年股票而不是租用几天，那么该集团是值得买入的。主要原因：“这次不一样。”</blockquote></p><p> Those are admittedly among the scariest words in investing. But the chip sector has changed so much it really is different now – in ways that suggest it is less likely to crush you.</p><p><blockquote>诚然，这些是投资中最可怕的词语之一。但芯片行业已经发生了如此大的变化，现在确实有所不同——这表明它不太可能压垮你。</blockquote></p><p> You’d be a fool to think there are no risks. I’ll go over those. But first, here are the three main reasons why the group is “safer” now – and six names favored by the half-dozen sector experts I’ve talked with over the past several days.</p><p><blockquote>如果你认为没有风险，那你就是个傻瓜。我去看看。但首先，以下是该组织现在“更安全”的三个主要原因，以及过去几天我与之交谈的六位行业专家青睐的六个名字。</blockquote></p><p> <b>1. The wicked witch of cyclicality is dead</b></p><p><blockquote><b>1.周期性的邪恶女巫死了</b></blockquote></p><p> “Demand in the chip sector was always boom and bust, driven by product cycles,” says David Winborne, a portfolio manager at Impax Asset Management. “<a href=\"https://laohu8.com/S/FBNC\">First</a> PCs, then servers, then phones.” But now demand for chips has broadened across the economy so the secular growth story is more predictable, he says.</p><p><blockquote>Impax Asset Management的投资组合经理David Winborne表示：“芯片行业的需求总是由产品周期驱动而繁荣和萧条。”<a href=\"https://laohu8.com/S/FBNC\">第一</a>个人电脑，然后是服务器，然后是电话。”但他表示，现在整个经济对芯片的需求已经扩大，因此长期增长情况更容易预测。</blockquote></p><p> <a href=\"https://laohu8.com/S/JE\">Just</a> look around you. Because of the increased “digitalization” of our lives and work, there’s greater diversity of end market demand from all angles. Think remote office services like <a href=\"https://laohu8.com/S/ZM\">Zoom</a>, online shopping, cloud services, electric vehicles, 5G phones, smart factories, big data computing and even washing machines, points out Hendi Susanto, a portfolio manager and tech analyst at Gabelli Funds who is bullish on the group.</p><p><blockquote><a href=\"https://laohu8.com/S/JE\">刚刚</a>看看你周围。由于我们的生活和工作日益“数字化”，从各个角度来看，终端市场需求更加多样化。将远程办公服务视为<a href=\"https://laohu8.com/S/ZM\">Zoom</a>看好该集团的Gabelli Funds投资组合经理兼科技分析师Hendi Susanto指出，在线购物、云服务、电动汽车、5G手机、智能工厂、大数据计算甚至洗衣机。</blockquote></p><p> “There is no aspect of the modern digital economy that can function without semiconductors,” says Motley Fool chip sector analyst John Rotonti. “That means more chips going into everything. The long-term demand is there.”</p><p><blockquote>Motley Fool芯片行业分析师John Rotonti表示：“现代数字经济的任何方面都离不开半导体。”“这意味着更多的芯片进入所有领域。长期需求是存在的。”</blockquote></p><p> He’s not kidding. Chip sector revenue will double by 2030 to $1 trillion from $465 billion in 2020, predicts William&nbsp;Blair&nbsp;analyst Greg Scolaro.</p><p><blockquote>他不是在开玩笑。William Blair分析师Greg Scolaro预测，到2030年，芯片行业的收入将从2020年的4650亿美元翻一番，达到1万亿美元。</blockquote></p><p> All of this means the widespread supply shortages you’ve been hearing about “likely won’t be cured until sometime late next year,” says <a href=\"https://laohu8.com/S/BAC\">Bank of America</a> chip sector analyst Vivek Arya. “That’s not just our view, but <a href=\"https://laohu8.com/S/AONE.U\">one</a> confirmed by a majority of large customers.”</p><p><blockquote>所有这些都意味着你所听到的普遍供应短缺“可能要到明年年底才能得到解决”，他说<a href=\"https://laohu8.com/S/BAC\">美国银行</a>芯片行业分析师Vivek Arya。“这不仅仅是我们的观点，<a href=\"https://laohu8.com/S/AONE.U\">一</a>得到了大多数大客户的确认。”</blockquote></p><p> <b>2. The players have consolidated</b></p><p><blockquote><b>2.玩家已经巩固</b></blockquote></p><p> All up and down the production chain, from design through the various types of equipment producers to manufacturing, industry players have consolidated down into what Rotonti calls “earned” duopolies or monopolies.</p><p><blockquote>在生产链的上上下下，从设计到各种类型的设备生产商再到制造，行业参与者已经整合到罗通蒂·评级“赢得”的双头垄断或垄断中。</blockquote></p><p> In chip design software, you have Cadence Design Systems&nbsp;and Synopsys.In production equipment, companies dominate specialized niches like ASML&nbsp;in extreme ultraviolet lithography&nbsp;(EUV). Manufacturing is dominated by Taiwan Semiconductor&nbsp;and Samsung Electronics.</p><p><blockquote>在芯片设计软件中，有Cadence Design Systems和Synopsys。在生产设备方面，公司在极紫外光刻（EUV）领域的ASML等专业领域占据主导地位。制造业由台积电和三星电子主导。</blockquote></p><p> These companies earned their niche or duopoly status by being the best at what they do. This makes them interesting for investors. The consolidation also means players behave more rationally in terms of pricing and production capacity, says Rotonti.</p><p><blockquote>这些公司通过在他们所做的事情上做到最好来赢得他们的利基或双头垄断地位。这使得投资者对它们很感兴趣。罗通蒂表示，整合还意味着参与者在定价和产能方面表现得更加理性。</blockquote></p><p> <b>3. Profitability has improved</b></p><p><blockquote><b>3、盈利能力有所提升</b></blockquote></p><p> This more rational behavior, combined with cost cutting, means profitability is now much higher than it was historically. “The economics of chip making has improved massively over past few years,” says Winbourne. Cash flow or EBITDA margins are often now over 30% whereas a decade ago they were in the 20% range.</p><p><blockquote>这种更加理性的行为，加上成本削减，意味着现在的盈利能力远高于历史水平。“过去几年，芯片制造的经济性有了很大改善，”温伯恩说。现金流或EBITDA利润率现在通常超过30%，而十年前还在20%左右。</blockquote></p><p> This has implications for valuation. Though chip stocks trade at about a market multiple, they appear cheap because they are better companies, points out Lamar Villere, portfolio manager with Villere &amp; Co. “They are not trading at a frothy multiple.”</p><p><blockquote>这对估值有影响。Villere&amp;Co.的投资组合经理Lamar Villere指出，尽管芯片股的交易价格约为市场倍数，但它们看起来很便宜，因为它们是更好的公司。“他们的市盈率并不是泡沫。”</blockquote></p><p> <b>The stocks to buy</b></p><p><blockquote><b>值得购买的股票</b></blockquote></p><p> Here are six names favored by chip experts I recently checked in with.</p><p><blockquote>以下是我最近调查的芯片专家青睐的六个名字。</blockquote></p><p> <b>New management plays</b></p><p><blockquote><b>新的管理策略</b></blockquote></p><p> Though Peter Karazeris, a senior equity research analyst at Thrivent, has reasons to be cautious on the group (see below), he singles out two companies whose performance may get a boost because they are under new management: Qualcomm&nbsp;and ON Semiconductor.</p><p><blockquote>尽管Thrivent的高级股票研究分析师Peter Karazeris有理由对该集团持谨慎态度（见下文），但他特别指出了两家公司，它们的业绩可能会因为在新管理层的领导下而得到提振：高通和安森美半导体。</blockquote></p><p></p><p> Both have solid profitability. Qualcomm was recently hit by one-off issues like bad weather in Texas that disrupted production, but the company has good exposure to the 5G phone trend. <a href=\"https://laohu8.com/S/ON\">ON Semiconductor</a> is expanding beyond phones into new areas like autos, industrial and the Internet of Things connected-device space.</p><p><blockquote>两者都具有稳健的盈利能力。高通最近受到了一次性问题的打击，例如德克萨斯州的恶劣天气导致生产中断，但该公司对5G手机趋势有很好的了解。<a href=\"https://laohu8.com/S/ON\">安森美半导体</a>正在从手机扩展到汽车、工业和物联网互联设备领域等新领域。</blockquote></p><p> <b>A data center and gaming play</b></p><p><blockquote><b>数据中心和游戏</b></blockquote></p><p> Karazeris also singles out Nvidia,which gets a continuing boost from its exposure to data center and gaming device chip demand — because of its superior design prowess.</p><p><blockquote>Karazeris还特别提到了Nvidia，该公司因其卓越的设计能力而从数据中心和游戏设备芯片需求中获得持续增长。</blockquote></p><p> <b>Design tool companies</b></p><p><blockquote><b>设计工具公司</b></blockquote></p><p> Speaking of design, when companies like Qualcomm and NVIDIA want to design chips, they turn to the design tools supplied by Cadence Design Systems and <a href=\"https://laohu8.com/S/SNPS\">Synopsys</a>.</p><p><blockquote>说到设计，当像高通和英伟达这样的公司想要设计芯片时，他们会求助于Cadence Design Systems提供的设计工具和<a href=\"https://laohu8.com/S/SNPS\">新思科技</a>.</blockquote></p><p> Their software-based design tools help chip innovators create the blueprint for their chips, explains Rotonti at Motley Fool, who singles out these names. “They are not the fastest growers in the world, but they have good profit margins.” They also dominate the space.</p><p><blockquote>Motley Fool的Rotonti解释说，他们基于软件的设计工具帮助芯片创新者为他们的芯片创建蓝图，他挑出了这些名字。“他们不是世界上最快的种植者，但他们有很好的利润率。”他们也主宰着这个空间。</blockquote></p><p> <b>An EUV&nbsp;play</b></p><p><blockquote><b>EUV播放</b></blockquote></p><p> To put those blueprints onto silicon in the early stages of chip production, companies like Taiwan Semiconductor and Samsung turn to ASML. Its machines use tiny bursts of light to stencil chip designs onto silicon wafers, in a process called extreme ultraviolet lithography. “No one else has figured out how to do it,” says Rotonti.</p><p><blockquote>为了在芯片生产的早期阶段将这些蓝图放在硅上，台积电和三星等公司转向ASML。它的机器使用微小的光脉冲将芯片设计模板到硅片上，这一过程被称为极紫外光刻。“没有人知道如何做到这一点，”罗通蒂说。</blockquote></p><p> In other words, it has a monopoly position in supplying machines that do this – which are necessary for any company that wants to make leading edge chips.</p><p><blockquote>换句话说，它在供应做到这一点的机器方面拥有垄断地位——这对于任何想要制造领先芯片的公司来说都是必要的。</blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> Here are some of the chief risks for chip sector investors to watch.</p><p><blockquote>以下是芯片行业投资者需要关注的一些主要风险。</blockquote></p><p> <b>Oversupply</b></p><p><blockquote><b>供应过剩</b></blockquote></p><p> Chip production has become politicized. The U.S. wants more production at home so it is not vulnerable to disruptions in Chinese supply chains. <a href=\"https://laohu8.com/S/CAAS\">China</a> wants to make 70% of the chips it uses by 2025, up from 5% now, says Winborne.</p><p><blockquote>芯片生产已经政治化。美国希望在国内生产更多产品，这样就不会受到中国供应链中断的影响。<a href=\"https://laohu8.com/S/CAAS\">中国</a>Winborne表示，希望到2025年生产70%的芯片，高于目前的5%。</blockquote></p><p> The upshot here is that there’s lots of government support to boost manufacturing – so there will be much more of it. The risk is oversupply at some point in the future. This might also create a pull forward in chip equipment purchases — leading to a lull down the road which could hurt sales and margin trends at equipment makers.</p><p><blockquote>这里的结果是，有大量的政府支持来促进制造业——所以会有更多的支持。风险在于未来某个时候供应过剩。这也可能会推动芯片设备的购买，导致未来的平静，这可能会损害设备制造商的销售和利润趋势。</blockquote></p><p> Next, big tech companies like Alphabet,Apple&nbsp;and Ammazon.com&nbsp;are all doing their own chip design, which threatens specialized chip companies that do the same thing.</p><p><blockquote>接下来，像Alphabet、苹果和亚马逊这样的大型科技公司都在做自己的芯片设计，这威胁到了做同样事情的专业芯片公司。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/QTM\">Quantum</a> computing</b></p><p><blockquote><b><a href=\"https://laohu8.com/S/QTM\">量子的</a>计算机的</b></blockquote></p><p> Computers using chip designs based on quantum physics instead of traditional semiconductor architectures have superior performance, points out Scolaro at William Blair. “While it probably won’t become mainstream for at least another five years, quantum computing has the potential to transform everything from technology to healthcare.”</p><p><blockquote>William Blair的Scolaro指出，使用基于量子物理学的芯片设计而不是传统半导体架构的计算机具有卓越的性能。“虽然量子计算可能至少在未来五年内不会成为主流，但它有潜力改变从技术到医疗保健的一切。”</blockquote></p><p> <b>A disturbing signal</b></p><p><blockquote><b>令人不安的信号</b></blockquote></p><p> A blend of global purchasing managers (PMI) indexes peaked in April and then decelerated for three months. Meanwhile chip sales growth continued. Normally the two follow the same trend, points out Karazeris, who tracks this indicator at Thrivent. He chalks the divergence up to inventory building which is less sustainable than true end-market demand. So, he takes the divergence as a bearish signal for the chip sector.</p><p><blockquote>全球采购经理人指数（PMI）在4月份达到顶峰，然后连续三个月减速。与此同时，芯片销售持续增长。在Thrivent跟踪这一指标的Karazeris指出，通常情况下，两者遵循相同的趋势。他将这种差异归因于库存建设，而库存建设的可持续性不如真实的终端市场需求。因此，他将这种背离视为芯片行业的看跌信号。</blockquote></p><p> Another cautionary sign comes from the forecasted weakness in pricing for dynamic random-access memory&nbsp;(DRAM) chips. “These are typically things you see at tops of cycles not the bottoms,” says Karazeris.</p><p><blockquote>另一个警告信号来自动态随机存取存储器（DRAM）芯片定价的预测疲软。“这些通常是你在周期顶部而不是底部看到的事情，”卡拉泽里斯说。</blockquote></p><p> But it’s also possible the slowdown in the global PMI is more a reflection of chip shortages than a sign that the shortages aren’t real (and are just inventory building). “The divergence doesn’t necessarily mean that chip orders are going to roll over and die. It means chip manufacturing has to catch up,” says Leuthold economist and strategist Jim Paulsen.</p><p><blockquote>但全球PMI放缓也有可能更多地反映了芯片短缺，而不是表明短缺并不真实（只是库存增加）。Leuthold经济学家兼策略师吉姆·保尔森(Jim Paulsen)表示：“这种分歧并不一定意味着芯片订单会滚动并死亡。这意味着芯片制造业必须迎头赶上。”</blockquote></p><p> Ford,for example, just announced it had to curtail production because of chip shortages, not a shortfall in underlying demand.</p><p><blockquote>例如，福特刚刚宣布，由于芯片短缺，而不是潜在需求短缺，它不得不削减产量。</blockquote></p><p> Paulsen predicts decent economic growth is sustainable because of factors like high savings rates, the rebound in employment and incomes as well as pent-up demand for big ticket items. If he’s right, the continued economic strength would support demand for all the products that use chips – including <a href=\"https://laohu8.com/S/F\">Ford</a> cars.</p><p><blockquote>保尔森预测，由于高储蓄率、就业和收入反弹以及被压抑的大件商品需求等因素，良好的经济增长是可持续的。如果他是对的，持续的经济实力将支持对所有使用芯片的产品的需求——包括<a href=\"https://laohu8.com/S/F\">福特</a>汽车。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/buy-the-pullback-in-chip-stocks-and-focus-on-these-6-companies-for-the-long-haul-11629468380?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":{"AAPL":"苹果","QCOM":"高通","ASML":"阿斯麦","NVDA":"英伟达","SOXX":"iShares费城交易所半导体ETF","AMZN":"亚马逊","ON":"安森美半导体","SNPS":"新思科技","GOOGL":"谷歌A","SSNLF":"三星电子","CDNS":"铿腾电子","GOOG":"谷歌","TSM":"台积电"},"source_url":"https://www.marketwatch.com/story/buy-the-pullback-in-chip-stocks-and-focus-on-these-6-companies-for-the-long-haul-11629468380?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151608193","content_text":"The iShares Semiconductor ETF is down over 6% from recent highs.\nISTOCKPHOTO\nIn the rolling correction that’s running through the stock market, chip makers have been hit harder than most.\nThe iShares Semiconductor ETF is down over 6% from recent highs, compared to declines of 2% or less for the S&P 500,Nasdaq Composite and the Dow Jones Industrial Average.\nDoes that make chip stocks a buy? Or is this historically cyclical sector up to its old tricks and headed into a sustained downtrend that will rip your face off.\nA lot depends on your timeline but if you like to own stocks for years rather than rent them for days, the group is a buy. The chief reason: “It’s different this time.”\nThose are admittedly among the scariest words in investing. But the chip sector has changed so much it really is different now – in ways that suggest it is less likely to crush you.\nYou’d be a fool to think there are no risks. I’ll go over those. But first, here are the three main reasons why the group is “safer” now – and six names favored by the half-dozen sector experts I’ve talked with over the past several days.\n1. The wicked witch of cyclicality is dead\n“Demand in the chip sector was always boom and bust, driven by product cycles,” says David Winborne, a portfolio manager at Impax Asset Management. “First PCs, then servers, then phones.” But now demand for chips has broadened across the economy so the secular growth story is more predictable, he says.\nJust look around you. Because of the increased “digitalization” of our lives and work, there’s greater diversity of end market demand from all angles. Think remote office services like Zoom, online shopping, cloud services, electric vehicles, 5G phones, smart factories, big data computing and even washing machines, points out Hendi Susanto, a portfolio manager and tech analyst at Gabelli Funds who is bullish on the group.\n“There is no aspect of the modern digital economy that can function without semiconductors,” says Motley Fool chip sector analyst John Rotonti. “That means more chips going into everything. The long-term demand is there.”\nHe’s not kidding. Chip sector revenue will double by 2030 to $1 trillion from $465 billion in 2020, predicts William Blair analyst Greg Scolaro.\nAll of this means the widespread supply shortages you’ve been hearing about “likely won’t be cured until sometime late next year,” says Bank of America chip sector analyst Vivek Arya. “That’s not just our view, but one confirmed by a majority of large customers.”\n2. The players have consolidated\nAll up and down the production chain, from design through the various types of equipment producers to manufacturing, industry players have consolidated down into what Rotonti calls “earned” duopolies or monopolies.\nIn chip design software, you have Cadence Design Systems and Synopsys.In production equipment, companies dominate specialized niches like ASML in extreme ultraviolet lithography (EUV). Manufacturing is dominated by Taiwan Semiconductor and Samsung Electronics.\nThese companies earned their niche or duopoly status by being the best at what they do. This makes them interesting for investors. The consolidation also means players behave more rationally in terms of pricing and production capacity, says Rotonti.\n3. Profitability has improved\nThis more rational behavior, combined with cost cutting, means profitability is now much higher than it was historically. “The economics of chip making has improved massively over past few years,” says Winbourne. Cash flow or EBITDA margins are often now over 30% whereas a decade ago they were in the 20% range.\nThis has implications for valuation. Though chip stocks trade at about a market multiple, they appear cheap because they are better companies, points out Lamar Villere, portfolio manager with Villere & Co. “They are not trading at a frothy multiple.”\nThe stocks to buy\nHere are six names favored by chip experts I recently checked in with.\nNew management plays\nThough Peter Karazeris, a senior equity research analyst at Thrivent, has reasons to be cautious on the group (see below), he singles out two companies whose performance may get a boost because they are under new management: Qualcomm and ON Semiconductor.\nBoth have solid profitability. Qualcomm was recently hit by one-off issues like bad weather in Texas that disrupted production, but the company has good exposure to the 5G phone trend. ON Semiconductor is expanding beyond phones into new areas like autos, industrial and the Internet of Things connected-device space.\nA data center and gaming play\nKarazeris also singles out Nvidia,which gets a continuing boost from its exposure to data center and gaming device chip demand — because of its superior design prowess.\nDesign tool companies\nSpeaking of design, when companies like Qualcomm and NVIDIA want to design chips, they turn to the design tools supplied by Cadence Design Systems and Synopsys.\nTheir software-based design tools help chip innovators create the blueprint for their chips, explains Rotonti at Motley Fool, who singles out these names. “They are not the fastest growers in the world, but they have good profit margins.” They also dominate the space.\nAn EUV play\nTo put those blueprints onto silicon in the early stages of chip production, companies like Taiwan Semiconductor and Samsung turn to ASML. Its machines use tiny bursts of light to stencil chip designs onto silicon wafers, in a process called extreme ultraviolet lithography. “No one else has figured out how to do it,” says Rotonti.\nIn other words, it has a monopoly position in supplying machines that do this – which are necessary for any company that wants to make leading edge chips.\nRisks\nHere are some of the chief risks for chip sector investors to watch.\nOversupply\nChip production has become politicized. The U.S. wants more production at home so it is not vulnerable to disruptions in Chinese supply chains. China wants to make 70% of the chips it uses by 2025, up from 5% now, says Winborne.\nThe upshot here is that there’s lots of government support to boost manufacturing – so there will be much more of it. The risk is oversupply at some point in the future. This might also create a pull forward in chip equipment purchases — leading to a lull down the road which could hurt sales and margin trends at equipment makers.\nNext, big tech companies like Alphabet,Apple and Ammazon.com are all doing their own chip design, which threatens specialized chip companies that do the same thing.\nQuantum computing\nComputers using chip designs based on quantum physics instead of traditional semiconductor architectures have superior performance, points out Scolaro at William Blair. “While it probably won’t become mainstream for at least another five years, quantum computing has the potential to transform everything from technology to healthcare.”\nA disturbing signal\nA blend of global purchasing managers (PMI) indexes peaked in April and then decelerated for three months. Meanwhile chip sales growth continued. Normally the two follow the same trend, points out Karazeris, who tracks this indicator at Thrivent. He chalks the divergence up to inventory building which is less sustainable than true end-market demand. So, he takes the divergence as a bearish signal for the chip sector.\nAnother cautionary sign comes from the forecasted weakness in pricing for dynamic random-access memory (DRAM) chips. “These are typically things you see at tops of cycles not the bottoms,” says Karazeris.\nBut it’s also possible the slowdown in the global PMI is more a reflection of chip shortages than a sign that the shortages aren’t real (and are just inventory building). “The divergence doesn’t necessarily mean that chip orders are going to roll over and die. It means chip manufacturing has to catch up,” says Leuthold economist and strategist Jim Paulsen.\nFord,for example, just announced it had to curtail production because of chip shortages, not a shortfall in underlying demand.\nPaulsen predicts decent economic growth is sustainable because of factors like high savings rates, the rebound in employment and incomes as well as pent-up demand for big ticket items. If he’s right, the continued economic strength would support demand for all the products that use chips – including Ford cars.","news_type":1,"symbols_score_info":{"TSM":0.9,"AMZN":0.9,"ON":0.9,"QCOM":0.9,"SSNLF":0.9,"CDNS":0.9,"SNPS":0.9,"ASML":0.9,"AAPL":0.9,"GOOGL":0.9,"GOOG":0.9,"SOXX":0.9,"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":3165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839426221,"gmtCreate":1629175657963,"gmtModify":1631890785956,"author":{"id":"3576734182904550","authorId":"3576734182904550","name":"Jamessss","avatar":"https://static.tigerbbs.com/6c712eae8eccf0013cc7d0e594915c60","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576734182904550","idStr":"3576734182904550"},"themes":[],"htmlText":"H","listText":"H","text":"H","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/839426221","repostId":"1167115772","repostType":4,"repost":{"id":"1167115772","kind":"news","pubTimestamp":1629168443,"share":"https://www.laohu8.com/m/news/1167115772?lang=zh_CN&edition=full","pubTime":"2021-08-17 10:47","market":"us","language":"en","title":"4 Streaming Video Stocks That Have a Killer Advantage<blockquote>4只具有杀手级优势的流媒体视频股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1167115772","media":"Motley Fool","summary":"We're enjoying more entertainment than ever from our homes, but these stocks have a leg up on the competition.","content":"<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>There are a lot of players in streaming these days, but only a handful have legit advantages over the competition.</li>  <li>Netflix and Disney have unmatched content catalogs for a reason.</li>  <li>Roku and fuboTV have unique advantages to make them stand out against more established names in their markets.</li> </ul> </p><p><blockquote><ul><li>如今，流媒体行业有很多玩家，但只有少数玩家在竞争中拥有合法优势。</li><li>网飞和迪士尼拥有无与伦比的内容目录是有原因的。</li><li>Roku和fuboTV拥有独特的优势，使它们能够在市场上与更知名的品牌中脱颖而出。</li></ul></blockquote></p><p> No one can deny that the migration from linear television to streaming is real. Consumers are more demanding about the entertainment choices they have these days, and the leading streaming services are fitting the bill. However, some platforms have killer advantages.</p><p><blockquote>没有人能否认从线性电视到流媒体的迁移是真实的。如今，消费者对娱乐选择的要求更高，而领先的流媒体服务正符合这一要求。然而，一些平台却有着杀手级的优势。</blockquote></p><p> <b>Netflix</b>(NASDAQ:NFLX),<b>Roku</b>(NASDAQ:ROKU),<b>fuboTV</b>(NYSE:FUBO), and&nbsp;<b>Walt Disney</b>(NYSE:DIS)have a leg up on the competition. Let's see why they have invisible moats that are sometimes misunderstood by the market.</p><p><blockquote><b>Netflix</b>（纳斯达克：NFLX），<b>Roku</b>（纳斯达克：ROKU），<b>富波电视</b>（纽约证券交易所代码：FUBO），以及<b>迪斯尼</b>（纽约证券交易所股票代码：DIS）在竞争中占据优势。让我们看看为什么他们有隐形护城河，有时会被市场误解。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7d77375ebe5965b932a98eb9b1eb132f\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Netflix</b></p><p><blockquote><b>Netflix</b></blockquote></p><p> Let's start with the obvious top dog in this niche. Netflix was streaming -- disrupting its own physical distribution model -- long before the rest of the world caught up to the trend. Netflix is the undisputed leading premium streaming video service, hitting the midpoint of this year with&nbsp;209.2 million paying accounts&nbsp;worldwide.</p><p><blockquote>让我们从这个利基市场中明显的佼佼者开始。早在世界其他地区赶上这一趋势之前，Netflix就开始进行流媒体播放，颠覆了自己的实体分销模式。Netflix是无可争议的领先优质流媒体视频服务，今年年中，全球付费用户达到2.092亿。</blockquote></p><p> One might argue that the killer advantage Netflix has is scale, but it's not as simple as the obvious benefit of reaching the largest audience in the market. Being the top dog means it can divide the cost of acquiring any new piece of content by the largest number of premium accounts. The cost per member of any new movie or series on its platform would be lower for Netflix than it would be for any of its smaller rivals.</p><p><blockquote>有人可能会说，网飞的致命优势是规模，但这并不像接触市场上最大受众的明显好处那么简单。成为老大意味着它可以将获取任何新内容的成本除以最大数量的高级帐户。Netflix平台上任何新电影或连续剧的每位会员成本都将低于任何规模较小的竞争对手。</blockquote></p><p> Netflix also has more than two decades of streaming history. Netflix knows exactly what its subscribers are watching, and just as importantly what they're not watching. It has its finger on the pulse of streaming entertainment in a way that is unmatched by anyone else. It's not a surprise that Netflix has now increased its monthly U.S. subscription rates five times in the past seven years and keeps growing.</p><p><blockquote>Netflix也有二十多年的流媒体历史。网飞确切地知道它的订户在看什么，同样重要的是他们没有看什么。它以一种其他任何人都无法比拟的方式抓住了流媒体娱乐的脉搏。毫不奇怪，Netflix在过去七年中将其在美国的月订阅率提高了五倍，并且还在持续增长。</blockquote></p><p> <b>Roku</b></p><p><blockquote><b>Roku</b></blockquote></p><p> Agnosticism is the killer advantage for Roku. Unlike other streaming operating systems and dongles put out by tech or media giants with their flagship premium offerings to promote, Roku has historically played nice with the gamut of streaming apps. There's a reason why there are now thousands of services you can download through your Roku.</p><p><blockquote>不可知论是Roku的致命优势。与科技或媒体巨头推出的其他流媒体操作系统和加密狗不同，Roku历来在所有流媒体应用程序方面都表现出色。现在有成千上万的服务可以通过你的Roku下载，这是有原因的。</blockquote></p><p> It's not always perfect. We saw Roku battle with two new services last year over revenue-sharing arrangements, but all parties eventually came to terms to make sure that those new premium offerings didn't miss out on Roku's massive audience.</p><p><blockquote>它并不总是完美的。去年，我们看到Roku与两项新服务就收入分享安排展开了斗争，但各方最终达成了协议，以确保这些新的优质服务不会错过Roku的大量受众。</blockquote></p><p> With Roku's platform revenue the key driver in the 81% year-over-year revenue surge inits latest quarter, it's clear the model works. Roku's agnosticism makes it a major draw to smart TV manufacturers looking for a built-in operating system and for consumers buying retail products to turn dumb TVs into smart ones. Roku's recent moves to beef up proprietary content -- like buying the now defunct Quibi content catalog -- isn't enough for any streaming service to see Roku as a threat instead of an ally.</p><p><blockquote>由于Roku的平台收入是其最近一个季度收入同比增长81%的关键驱动力，很明显该模型是有效的。Roku的不可知论使其成为寻求内置操作系统的智能电视制造商和购买零售产品将哑电视变成智能电视的消费者的主要吸引力。Roku最近加强专有内容的举措——例如购买现已停业的Quibi内容目录——不足以让任何流媒体服务将Roku视为威胁而不是盟友。</blockquote></p><p> <b>fuboTV</b></p><p><blockquote><b>富波电视</b></blockquote></p><p> We're kissing our cable and satellite television bills goodbye, but a growing number of cord-cutters are turning to live TV streaming services to fill the void. fuboTV is still a small player in this niche, but its \"sports first\" positioning is making it the fastest growing player in the field. Revenue has accelerated in each of its first three quarters as a pubic company,nearly tripling in last week's financial update.</p><p><blockquote>我们正在告别有线电视和卫星电视账单，但越来越多的脐带切割者正在转向直播电视流媒体服务来填补空白。富波电视在这个利基市场中仍然是一个小玩家，但其“体育第一”的定位使其成为该领域增长最快的玩家。作为一家上市公司，前三个季度的收入都在加速增长，在上周的财务更新中几乎增长了两倍。</blockquote></p><p> Having a set demographic of sports fans is making it magnetic to marketers. Ad revenue per user clocked in at $8.70 a month for fuboTV, nearly triple what Roku is commanding -- and the clincher here is that fuboTV is still collecting premium subscription revenue on top of that. Another killer advantage for fuboTV with its unique market positioning is that many sports fans enjoy wagering. By the end of this year fuboTV expects to launch Fubo Sportsbook, a gambling app that will work alongside fuboTV to update betting options based on what a subscriber is watching.</p><p><blockquote>拥有一批体育迷对营销人员很有吸引力。fuboTV的每用户广告收入为每月8.70美元，几乎是Roku的三倍——这里的决定性因素是fuboTV仍在收取付费订阅收入。fuboTV独特市场定位的另一个杀手级优势是许多体育迷喜欢赌博。到今年年底，fuboTV预计将推出Fubo Sportsbook，这是一款赌博应用程序，将与fuboTV一起工作，根据订阅者正在观看的内容更新投注选项。</blockquote></p><p> <b>Walt Disney</b></p><p><blockquote><b>迪斯尼</b></blockquote></p><p> It may seem insane, but Disney+ wasn't around two years ago. It launched in November 2019 and hit the ground running. Disney's success in streaming is a testament to its unmatched properties.</p><p><blockquote>这可能看起来很疯狂，但Disney+在两年前还不存在。它于2019年11月推出，并立即投入使用。迪士尼在流媒体领域的成功证明了其无与伦比的特性。</blockquote></p><p></p><p> Disney was the studio behind all six of the country's top-grossing theatrical releases in 2019, the last good year for the multiplex industry. It operates the world's most visited theme parks. Its Disney Channel and majority-owned ESPN are the top dogs in their respective markets. A hit in one of its divisions can quickly be adapted to be monetized elsewhere.</p><p><blockquote>迪士尼是2019年美国所有六部票房最高的影院上映电影的幕后工作室，这是多厅影院行业最后一个好年景。它经营着世界上游客最多的主题公园。其迪士尼频道和控股的ESPN是各自市场的佼佼者。其中一个部门的打击可以很快在其他地方货币化。</blockquote></p><p> Disney+ became a major player out of the gate as a result of the&nbsp;media stock's vault of content. Between its homegrown properties and the franchises it acquired in 10-figure deals for Pixar, Marvel, and Lucasfilm, no one comes close to the breadth of the House of Mouse for potential blockbusters.</p><p><blockquote>由于媒体股票的内容丰富，Disney+一开始就成为了主要参与者。在其本土资产和以10位数的价格为皮克斯、漫威和卢卡斯影业收购的特许经营权之间，没有人能比得上《老鼠之家》的潜在大片的广度。</blockquote></p><p> Streaming entertainment is going to have a lot winners. It's the present and future of video consumption. Netflix, Roku, fuboTV, and Disney have the killer advantages to stand out in the field.</p><p><blockquote>流媒体娱乐将会有很多赢家。这是视频消费的现在和未来。Netflix、Roku、fuboTV、Disney拥有在该领域脱颖而出的杀手级优势。</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>4 Streaming Video Stocks That Have a Killer Advantage<blockquote>4只具有杀手级优势的流媒体视频股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n4 Streaming Video Stocks That Have a Killer Advantage<blockquote>4只具有杀手级优势的流媒体视频股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-08-17 10:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>There are a lot of players in streaming these days, but only a handful have legit advantages over the competition.</li>  <li>Netflix and Disney have unmatched content catalogs for a reason.</li>  <li>Roku and fuboTV have unique advantages to make them stand out against more established names in their markets.</li> </ul> </p><p><blockquote><ul><li>如今，流媒体行业有很多玩家，但只有少数玩家在竞争中拥有合法优势。</li><li>网飞和迪士尼拥有无与伦比的内容目录是有原因的。</li><li>Roku和fuboTV拥有独特的优势，使它们能够在市场上与更知名的品牌中脱颖而出。</li></ul></blockquote></p><p> No one can deny that the migration from linear television to streaming is real. Consumers are more demanding about the entertainment choices they have these days, and the leading streaming services are fitting the bill. However, some platforms have killer advantages.</p><p><blockquote>没有人能否认从线性电视到流媒体的迁移是真实的。如今，消费者对娱乐选择的要求更高，而领先的流媒体服务正符合这一要求。然而，一些平台却有着杀手级的优势。</blockquote></p><p> <b>Netflix</b>(NASDAQ:NFLX),<b>Roku</b>(NASDAQ:ROKU),<b>fuboTV</b>(NYSE:FUBO), and&nbsp;<b>Walt Disney</b>(NYSE:DIS)have a leg up on the competition. Let's see why they have invisible moats that are sometimes misunderstood by the market.</p><p><blockquote><b>Netflix</b>（纳斯达克：NFLX），<b>Roku</b>（纳斯达克：ROKU），<b>富波电视</b>（纽约证券交易所代码：FUBO），以及<b>迪斯尼</b>（纽约证券交易所股票代码：DIS）在竞争中占据优势。让我们看看为什么他们有隐形护城河，有时会被市场误解。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7d77375ebe5965b932a98eb9b1eb132f\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Netflix</b></p><p><blockquote><b>Netflix</b></blockquote></p><p> Let's start with the obvious top dog in this niche. Netflix was streaming -- disrupting its own physical distribution model -- long before the rest of the world caught up to the trend. Netflix is the undisputed leading premium streaming video service, hitting the midpoint of this year with&nbsp;209.2 million paying accounts&nbsp;worldwide.</p><p><blockquote>让我们从这个利基市场中明显的佼佼者开始。早在世界其他地区赶上这一趋势之前，Netflix就开始进行流媒体播放，颠覆了自己的实体分销模式。Netflix是无可争议的领先优质流媒体视频服务，今年年中，全球付费用户达到2.092亿。</blockquote></p><p> One might argue that the killer advantage Netflix has is scale, but it's not as simple as the obvious benefit of reaching the largest audience in the market. Being the top dog means it can divide the cost of acquiring any new piece of content by the largest number of premium accounts. The cost per member of any new movie or series on its platform would be lower for Netflix than it would be for any of its smaller rivals.</p><p><blockquote>有人可能会说，网飞的致命优势是规模，但这并不像接触市场上最大受众的明显好处那么简单。成为老大意味着它可以将获取任何新内容的成本除以最大数量的高级帐户。Netflix平台上任何新电影或连续剧的每位会员成本都将低于任何规模较小的竞争对手。</blockquote></p><p> Netflix also has more than two decades of streaming history. Netflix knows exactly what its subscribers are watching, and just as importantly what they're not watching. It has its finger on the pulse of streaming entertainment in a way that is unmatched by anyone else. It's not a surprise that Netflix has now increased its monthly U.S. subscription rates five times in the past seven years and keeps growing.</p><p><blockquote>Netflix也有二十多年的流媒体历史。网飞确切地知道它的订户在看什么，同样重要的是他们没有看什么。它以一种其他任何人都无法比拟的方式抓住了流媒体娱乐的脉搏。毫不奇怪，Netflix在过去七年中将其在美国的月订阅率提高了五倍，并且还在持续增长。</blockquote></p><p> <b>Roku</b></p><p><blockquote><b>Roku</b></blockquote></p><p> Agnosticism is the killer advantage for Roku. Unlike other streaming operating systems and dongles put out by tech or media giants with their flagship premium offerings to promote, Roku has historically played nice with the gamut of streaming apps. There's a reason why there are now thousands of services you can download through your Roku.</p><p><blockquote>不可知论是Roku的致命优势。与科技或媒体巨头推出的其他流媒体操作系统和加密狗不同，Roku历来在所有流媒体应用程序方面都表现出色。现在有成千上万的服务可以通过你的Roku下载，这是有原因的。</blockquote></p><p> It's not always perfect. We saw Roku battle with two new services last year over revenue-sharing arrangements, but all parties eventually came to terms to make sure that those new premium offerings didn't miss out on Roku's massive audience.</p><p><blockquote>它并不总是完美的。去年，我们看到Roku与两项新服务就收入分享安排展开了斗争，但各方最终达成了协议，以确保这些新的优质服务不会错过Roku的大量受众。</blockquote></p><p> With Roku's platform revenue the key driver in the 81% year-over-year revenue surge inits latest quarter, it's clear the model works. Roku's agnosticism makes it a major draw to smart TV manufacturers looking for a built-in operating system and for consumers buying retail products to turn dumb TVs into smart ones. Roku's recent moves to beef up proprietary content -- like buying the now defunct Quibi content catalog -- isn't enough for any streaming service to see Roku as a threat instead of an ally.</p><p><blockquote>由于Roku的平台收入是其最近一个季度收入同比增长81%的关键驱动力，很明显该模型是有效的。Roku的不可知论使其成为寻求内置操作系统的智能电视制造商和购买零售产品将哑电视变成智能电视的消费者的主要吸引力。Roku最近加强专有内容的举措——例如购买现已停业的Quibi内容目录——不足以让任何流媒体服务将Roku视为威胁而不是盟友。</blockquote></p><p> <b>fuboTV</b></p><p><blockquote><b>富波电视</b></blockquote></p><p> We're kissing our cable and satellite television bills goodbye, but a growing number of cord-cutters are turning to live TV streaming services to fill the void. fuboTV is still a small player in this niche, but its \"sports first\" positioning is making it the fastest growing player in the field. Revenue has accelerated in each of its first three quarters as a pubic company,nearly tripling in last week's financial update.</p><p><blockquote>我们正在告别有线电视和卫星电视账单，但越来越多的脐带切割者正在转向直播电视流媒体服务来填补空白。富波电视在这个利基市场中仍然是一个小玩家，但其“体育第一”的定位使其成为该领域增长最快的玩家。作为一家上市公司，前三个季度的收入都在加速增长，在上周的财务更新中几乎增长了两倍。</blockquote></p><p> Having a set demographic of sports fans is making it magnetic to marketers. Ad revenue per user clocked in at $8.70 a month for fuboTV, nearly triple what Roku is commanding -- and the clincher here is that fuboTV is still collecting premium subscription revenue on top of that. Another killer advantage for fuboTV with its unique market positioning is that many sports fans enjoy wagering. By the end of this year fuboTV expects to launch Fubo Sportsbook, a gambling app that will work alongside fuboTV to update betting options based on what a subscriber is watching.</p><p><blockquote>拥有一批体育迷对营销人员很有吸引力。fuboTV的每用户广告收入为每月8.70美元，几乎是Roku的三倍——这里的决定性因素是fuboTV仍在收取付费订阅收入。fuboTV独特市场定位的另一个杀手级优势是许多体育迷喜欢赌博。到今年年底，fuboTV预计将推出Fubo Sportsbook，这是一款赌博应用程序，将与fuboTV一起工作，根据订阅者正在观看的内容更新投注选项。</blockquote></p><p> <b>Walt Disney</b></p><p><blockquote><b>迪斯尼</b></blockquote></p><p> It may seem insane, but Disney+ wasn't around two years ago. It launched in November 2019 and hit the ground running. Disney's success in streaming is a testament to its unmatched properties.</p><p><blockquote>这可能看起来很疯狂，但Disney+在两年前还不存在。它于2019年11月推出，并立即投入使用。迪士尼在流媒体领域的成功证明了其无与伦比的特性。</blockquote></p><p></p><p> Disney was the studio behind all six of the country's top-grossing theatrical releases in 2019, the last good year for the multiplex industry. It operates the world's most visited theme parks. Its Disney Channel and majority-owned ESPN are the top dogs in their respective markets. A hit in one of its divisions can quickly be adapted to be monetized elsewhere.</p><p><blockquote>迪士尼是2019年美国所有六部票房最高的影院上映电影的幕后工作室，这是多厅影院行业最后一个好年景。它经营着世界上游客最多的主题公园。其迪士尼频道和控股的ESPN是各自市场的佼佼者。其中一个部门的打击可以很快在其他地方货币化。</blockquote></p><p> Disney+ became a major player out of the gate as a result of the&nbsp;media stock's vault of content. Between its homegrown properties and the franchises it acquired in 10-figure deals for Pixar, Marvel, and Lucasfilm, no one comes close to the breadth of the House of Mouse for potential blockbusters.</p><p><blockquote>由于媒体股票的内容丰富，Disney+一开始就成为了主要参与者。在其本土资产和以10位数的价格为皮克斯、漫威和卢卡斯影业收购的特许经营权之间，没有人能比得上《老鼠之家》的潜在大片的广度。</blockquote></p><p> Streaming entertainment is going to have a lot winners. It's the present and future of video consumption. Netflix, Roku, fuboTV, and Disney have the killer advantages to stand out in the field.</p><p><blockquote>流媒体娱乐将会有很多赢家。这是视频消费的现在和未来。Netflix、Roku、fuboTV、Disney拥有在该领域脱颖而出的杀手级优势。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/08/16/4-streaming-video-stocks-that-have-a-killer-advant/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ROKU":"Roku Inc","DIS":"迪士尼","FUBO":"fuboTV Inc.","NFLX":"奈飞"},"source_url":"https://www.fool.com/investing/2021/08/16/4-streaming-video-stocks-that-have-a-killer-advant/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167115772","content_text":"Key Points\n\nThere are a lot of players in streaming these days, but only a handful have legit advantages over the competition.\nNetflix and Disney have unmatched content catalogs for a reason.\nRoku and fuboTV have unique advantages to make them stand out against more established names in their markets.\n\n\nNo one can deny that the migration from linear television to streaming is real. Consumers are more demanding about the entertainment choices they have these days, and the leading streaming services are fitting the bill. However, some platforms have killer advantages.\nNetflix(NASDAQ:NFLX),Roku(NASDAQ:ROKU),fuboTV(NYSE:FUBO), and Walt Disney(NYSE:DIS)have a leg up on the competition. Let's see why they have invisible moats that are sometimes misunderstood by the market.\nIMAGE SOURCE: GETTY IMAGES.\nNetflix\nLet's start with the obvious top dog in this niche. Netflix was streaming -- disrupting its own physical distribution model -- long before the rest of the world caught up to the trend. Netflix is the undisputed leading premium streaming video service, hitting the midpoint of this year with 209.2 million paying accounts worldwide.\nOne might argue that the killer advantage Netflix has is scale, but it's not as simple as the obvious benefit of reaching the largest audience in the market. Being the top dog means it can divide the cost of acquiring any new piece of content by the largest number of premium accounts. The cost per member of any new movie or series on its platform would be lower for Netflix than it would be for any of its smaller rivals.\nNetflix also has more than two decades of streaming history. Netflix knows exactly what its subscribers are watching, and just as importantly what they're not watching. It has its finger on the pulse of streaming entertainment in a way that is unmatched by anyone else. It's not a surprise that Netflix has now increased its monthly U.S. subscription rates five times in the past seven years and keeps growing.\nRoku\nAgnosticism is the killer advantage for Roku. Unlike other streaming operating systems and dongles put out by tech or media giants with their flagship premium offerings to promote, Roku has historically played nice with the gamut of streaming apps. There's a reason why there are now thousands of services you can download through your Roku.\nIt's not always perfect. We saw Roku battle with two new services last year over revenue-sharing arrangements, but all parties eventually came to terms to make sure that those new premium offerings didn't miss out on Roku's massive audience.\nWith Roku's platform revenue the key driver in the 81% year-over-year revenue surge inits latest quarter, it's clear the model works. Roku's agnosticism makes it a major draw to smart TV manufacturers looking for a built-in operating system and for consumers buying retail products to turn dumb TVs into smart ones. Roku's recent moves to beef up proprietary content -- like buying the now defunct Quibi content catalog -- isn't enough for any streaming service to see Roku as a threat instead of an ally.\nfuboTV\nWe're kissing our cable and satellite television bills goodbye, but a growing number of cord-cutters are turning to live TV streaming services to fill the void. fuboTV is still a small player in this niche, but its \"sports first\" positioning is making it the fastest growing player in the field. Revenue has accelerated in each of its first three quarters as a pubic company,nearly tripling in last week's financial update.\nHaving a set demographic of sports fans is making it magnetic to marketers. Ad revenue per user clocked in at $8.70 a month for fuboTV, nearly triple what Roku is commanding -- and the clincher here is that fuboTV is still collecting premium subscription revenue on top of that. Another killer advantage for fuboTV with its unique market positioning is that many sports fans enjoy wagering. By the end of this year fuboTV expects to launch Fubo Sportsbook, a gambling app that will work alongside fuboTV to update betting options based on what a subscriber is watching.\nWalt Disney\nIt may seem insane, but Disney+ wasn't around two years ago. It launched in November 2019 and hit the ground running. Disney's success in streaming is a testament to its unmatched properties.\nDisney was the studio behind all six of the country's top-grossing theatrical releases in 2019, the last good year for the multiplex industry. It operates the world's most visited theme parks. Its Disney Channel and majority-owned ESPN are the top dogs in their respective markets. A hit in one of its divisions can quickly be adapted to be monetized elsewhere.\nDisney+ became a major player out of the gate as a result of the media stock's vault of content. Between its homegrown properties and the franchises it acquired in 10-figure deals for Pixar, Marvel, and Lucasfilm, no one comes close to the breadth of the House of Mouse for potential blockbusters.\nStreaming entertainment is going to have a lot winners. It's the present and future of video consumption. Netflix, Roku, fuboTV, and Disney have the killer advantages to stand out in the field.","news_type":1,"symbols_score_info":{"FUBO":0.9,"DIS":0.9,"ROKU":0.9,"NFLX":0.9}},"isVote":1,"tweetType":1,"viewCount":1781,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830412326,"gmtCreate":1629089170165,"gmtModify":1631890785967,"author":{"id":"3576734182904550","authorId":"3576734182904550","name":"Jamessss","avatar":"https://static.tigerbbs.com/6c712eae8eccf0013cc7d0e594915c60","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576734182904550","idStr":"3576734182904550"},"themes":[],"htmlText":"J","listText":"J","text":"J","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/830412326","repostId":"1129589874","repostType":4,"repost":{"id":"1129589874","kind":"news","pubTimestamp":1629067868,"share":"https://www.laohu8.com/m/news/1129589874?lang=zh_CN&edition=full","pubTime":"2021-08-16 06:51","market":"us","language":"en","title":"Nvidia, Tencent,Walmart, Target and Other Stocks to Watch This Week<blockquote>英伟达、腾讯控股、沃尔玛、塔吉特等本周值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129589874","media":"Barrons","summary":"It’s the late innings of second-quarter earnings season, with retailers ready to step up to the plate. Walmart and Home Depot report on Tuesday, followed by Lowe’s, Target, and TJX on Wednesday. Kohl’s, Macy’s, BJ’s Wholesale, and L Brands are Thursday’s retail highlights, then Foot Locker closes the week on Friday.The Census Bureau’s July retail sales data for July is also out this week, on Tuesday. Economists on average are forecasting a 0.2% seasonally adjusted increase last month, after a 0.","content":"<p>It’s the late innings of second-quarter earnings season, with retailers ready to step up to the plate. Walmart and Home Depot report on Tuesday, followed by Lowe’s, Target, and TJX on Wednesday.&nbsp;Kohl’s, Macy’s, BJ’s Wholesale, and L Brands are Thursday’s retail highlights, then Foot Locker closes the week on Friday.</p><p><blockquote>现在是第二季度财报季的最后几局，零售商已准备好采取行动。沃尔玛和家得宝周二发布报告，劳氏、塔吉特和TJX周三紧随其后。美国柯尔百货公司、梅西百货、BJ批发和L品牌是周四的零售亮点，然后Foot Locker将于周五结束本周。</blockquote></p><p> The Census Bureau’s July retail sales data for July is also out this week, on Tuesday. Economists on average are forecasting a&nbsp;0.2% seasonally adjusted increase last month, after a 0.6% rise in June.</p><p><blockquote>人口普查局7月份零售销售数据也将于本周周二公布。经济学家平均预测，上个月经季节性调整后的增长率为0。</blockquote></p><p> Major non-retail companies releasing results this week include Pandora and&nbsp;Krispy Kreme&nbsp;on Tuesday, followed by a busy Wednesday:Nvidia,Tencent Holdings,CiscoSystems,Analog Devices,and&nbsp;Lumentum Holdings&nbsp;all report.Applied Materials&nbsp;goes on Thursday and Deere closes the week on Friday.</p><p><blockquote>本周发布业绩的主要非零售公司包括周二发布业绩的Pandora和Krispy Kreme，随后是繁忙的周三：Nvidia、腾讯控股控股公司、思科系统公司、Analog Devices和Lumentum Holdings均发布业绩。应用材料公司周四公布业绩，Deere公司本周收盘周五。</blockquote></p><p> Economic data out this week include several housing-market metrics:&nbsp;The National Association of Home Builders’ NAHB/Wells Fargo Housing Market Index for August on Tuesday and the Census Bureau’s new residential construction report for July on Wednesday.</p><p><blockquote>本周公布的经济数据包括几项房地产市场指标：周二公布的全国住宅建筑商协会8月份NAHB/富国银行住房市场指数，以及周三公布的人口普查局7月份新住宅建设报告。</blockquote></p><p> Also on Wednesday, the&nbsp;Federal Reserve’s monetary policy committee releases the minutes from its last meeting in late July. Then, the&nbsp;Conference Board publishes its Leading Economic Index for July on Thursday.</p><p><blockquote>同样在周三，美联储货币政策委员会公布了7月底上次会议的纪要。然后，世界大型企业联合会将于周四公布7月份领先经济指数。</blockquote></p><p> <b>Monday 8/16</b></p><p><blockquote><b>星期一8/16</b></blockquote></p><p> Tencent Music Entertainment Group,Tokyo Electron,and&nbsp;Clear Secure&nbsp;are among the companies holding earnings conference calls.</p><p><blockquote>腾讯控股音乐娱乐集团、Tokyo Electron和Clear Secure等公司在评级举行财报会议。</blockquote></p><p> <b>The Federal Reserve</b>&nbsp;Bank of New York releases its Empire State Manufacturing Survey for August. The consensus estimate is for a 26.5 reading. That compares with a record high of 43.0 in July, when the general business conditions index rose 26 points.</p><p><blockquote><b>美联储</b>纽约银行发布八月份帝国州制造业调查。普遍估计读数为26.5。相比之下，7月份的历史新高为43.0，当时总体商业状况指数上涨了26点。</blockquote></p><p> <b>Tuesday 8/17</b></p><p><blockquote><b>星期二8/17</b></blockquote></p><p> BHP, Walmart, Home Depot,Agilent Technologies,Pandora, and Krispy Kreme are among the companies hosting earnings conference calls.</p><p><blockquote>必和必拓、沃尔玛、家得宝、安捷伦科技、Pandora和Krispy Kreme等公司在评级举办财报会议。</blockquote></p><p> America’s Car-Mart,Jack Henry &amp; Associates,and&nbsp;La-Z-Boy&nbsp;report financial results after the market closes and will hold earnings calls the following morning, Aug. 18.</p><p><blockquote>America's Car-Mart、Jack Henry&amp;Associates和La-Z-Boy在收盘后报告财务业绩，并将于第二天（8月18日）上午举行收益评级。</blockquote></p><p> <b>The Federal Reserve</b>&nbsp;releases capacity utilization in the industrial sector for July. Consensus calls for a 75.7% reading, little changed from June’s 75.4% reading. Industrial production is seen rising 0.5% from June’s 0.4% seasonally adjusted increase.</p><p><blockquote><b>美联储</b>发布7月工业部门产能利用率。评级共识为75.7%，与6月份的75.4%几乎没有变化。工业生产预计将比6月份经季节调整后的0.4%增长0.5%。</blockquote></p><p> <b>The National Association</b>&nbsp;of Home Builders releases its NAHB/Wells Fargo Housing Market Index for August. Economists forecast an 80 reading, the same as in July. The index is down from its all-time high of 90 set in November.</p><p><blockquote><b>全国协会</b>房屋建筑商协会发布了8月份NAHB/富国银行住房市场指数。经济学家预测读数为80，与7月份相同。该指数较11月份创下的历史高点90有所回落。</blockquote></p><p> <b>Federal Reserve Board</b>&nbsp;Chairman Jay Powell will host a virtual town hall with educators and students.</p><p><blockquote><b>联邦储备委员会</b>主席杰伊·鲍威尔将与教育工作者和学生一起主持一个虚拟市政厅。</blockquote></p><p> <b>The Census Bureau reports</b>&nbsp;retail sales data for July. Expectations are for a 0.3% seasonally adjusted month-over-month decrease, following a 0.6% rise in June. Excluding autos, spending is seen rising 0.2%, compared with a 1.3% rise in the previous month.</p><p><blockquote><b>人口普查局报告</b>7月零售销售数据。继6月份上涨0.6%后，预计经季节调整后环比下降0.3%。不包括汽车在内，支出预计将增长0.2%，而上个月为增长1.3%。</blockquote></p><p> <b>Wednesday 8/18</b></p><p><blockquote><b>星期三8/18</b></blockquote></p><p> <b>The Federal Open Market</b>&nbsp;Committee releases the minutes from its late-July monetary-policy meeting.</p><p><blockquote><b>联邦公开市场</b>委员会公布了7月底货币政策会议的纪要。</blockquote></p><p> Cisco Systems, Lowe’s, Target, TJX, Tencent Holdings,Brinker International,Analog Devices,Synopsys,Lumentum Holdings, and Nvidia host earnings conference calls.</p><p><blockquote>思科系统、劳氏、塔吉特、TJX、腾讯控股控股、Brinker International、Analog Devices、Synopsys、Lumentum Holdings和Nvidia在评级举办财报会议。</blockquote></p><p> <b>The Census Bureau’s</b>new residential construction report for July is expected to show the seasonally adjusted annual rate of housing starts at 1.610 million, down from June’s 1.643 million. Housing starts hit a postpandemic peak of 1.73 million in March.</p><p><blockquote><b>人口普查局的</b>7月份新住宅建设报告预计显示，经季节调整后的新屋开工年率为161.0万套，低于6月份的164.3万套。3月份新屋开工量达到173万套的疫情后峰值。</blockquote></p><p> <b>Thursday 8/19</b></p><p><blockquote><b>星期四8/19</b></blockquote></p><p> BJ’s Wholesale,<b>L Brands</b>, Applied Materials,Ross Stores,Estée Lauder,Kohl’s, Macy’s,Performance Food Group,Petco Health and Wellness,and Farfetch host earnings conference calls.</p><p><blockquote>BJ的批发，<b>L品牌</b>、Applied Materials、Ross Stores、雅诗兰黛、Kohl's、Macy's、Performance Food Group、Petco Health and Wellness和Farfetch将在评级举办财报会议。</blockquote></p><p> <b>The Conference Board</b>releases its Leading Economic Index for July. The LEI is expected to increase 0.7% month over month, after gaining 0.7% in June.</p><p><blockquote><b>世界大型企业联合会</b>发布7月份领先经济指数。继6月份上涨0.7%后，LEI预计将环比上涨0.7%。</blockquote></p><p> <b>Friday 8/20</b></p><p><blockquote><b>星期五8/20</b></blockquote></p><p> Deere and Foot Locker host conference calls to discuss financial results.</p><p><blockquote>Deere和Foot Locker在评级主办会议讨论财务业绩。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia, Tencent,Walmart, Target and Other Stocks to Watch This Week<blockquote>英伟达、腾讯控股、沃尔玛、塔吉特等本周值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia, Tencent,Walmart, Target and Other Stocks to Watch This Week<blockquote>英伟达、腾讯控股、沃尔玛、塔吉特等本周值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-08-16 06:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It’s the late innings of second-quarter earnings season, with retailers ready to step up to the plate. Walmart and Home Depot report on Tuesday, followed by Lowe’s, Target, and TJX on Wednesday.&nbsp;Kohl’s, Macy’s, BJ’s Wholesale, and L Brands are Thursday’s retail highlights, then Foot Locker closes the week on Friday.</p><p><blockquote>现在是第二季度财报季的最后几局，零售商已准备好采取行动。沃尔玛和家得宝周二发布报告，劳氏、塔吉特和TJX周三紧随其后。美国柯尔百货公司、梅西百货、BJ批发和L品牌是周四的零售亮点，然后Foot Locker将于周五结束本周。</blockquote></p><p> The Census Bureau’s July retail sales data for July is also out this week, on Tuesday. Economists on average are forecasting a&nbsp;0.2% seasonally adjusted increase last month, after a 0.6% rise in June.</p><p><blockquote>人口普查局7月份零售销售数据也将于本周周二公布。经济学家平均预测，上个月经季节性调整后的增长率为0。</blockquote></p><p> Major non-retail companies releasing results this week include Pandora and&nbsp;Krispy Kreme&nbsp;on Tuesday, followed by a busy Wednesday:Nvidia,Tencent Holdings,CiscoSystems,Analog Devices,and&nbsp;Lumentum Holdings&nbsp;all report.Applied Materials&nbsp;goes on Thursday and Deere closes the week on Friday.</p><p><blockquote>本周发布业绩的主要非零售公司包括周二发布业绩的Pandora和Krispy Kreme，随后是繁忙的周三：Nvidia、腾讯控股控股公司、思科系统公司、Analog Devices和Lumentum Holdings均发布业绩。应用材料公司周四公布业绩，Deere公司本周收盘周五。</blockquote></p><p> Economic data out this week include several housing-market metrics:&nbsp;The National Association of Home Builders’ NAHB/Wells Fargo Housing Market Index for August on Tuesday and the Census Bureau’s new residential construction report for July on Wednesday.</p><p><blockquote>本周公布的经济数据包括几项房地产市场指标：周二公布的全国住宅建筑商协会8月份NAHB/富国银行住房市场指数，以及周三公布的人口普查局7月份新住宅建设报告。</blockquote></p><p> Also on Wednesday, the&nbsp;Federal Reserve’s monetary policy committee releases the minutes from its last meeting in late July. Then, the&nbsp;Conference Board publishes its Leading Economic Index for July on Thursday.</p><p><blockquote>同样在周三，美联储货币政策委员会公布了7月底上次会议的纪要。然后，世界大型企业联合会将于周四公布7月份领先经济指数。</blockquote></p><p> <b>Monday 8/16</b></p><p><blockquote><b>星期一8/16</b></blockquote></p><p> Tencent Music Entertainment Group,Tokyo Electron,and&nbsp;Clear Secure&nbsp;are among the companies holding earnings conference calls.</p><p><blockquote>腾讯控股音乐娱乐集团、Tokyo Electron和Clear Secure等公司在评级举行财报会议。</blockquote></p><p> <b>The Federal Reserve</b>&nbsp;Bank of New York releases its Empire State Manufacturing Survey for August. The consensus estimate is for a 26.5 reading. That compares with a record high of 43.0 in July, when the general business conditions index rose 26 points.</p><p><blockquote><b>美联储</b>纽约银行发布八月份帝国州制造业调查。普遍估计读数为26.5。相比之下，7月份的历史新高为43.0，当时总体商业状况指数上涨了26点。</blockquote></p><p> <b>Tuesday 8/17</b></p><p><blockquote><b>星期二8/17</b></blockquote></p><p> BHP, Walmart, Home Depot,Agilent Technologies,Pandora, and Krispy Kreme are among the companies hosting earnings conference calls.</p><p><blockquote>必和必拓、沃尔玛、家得宝、安捷伦科技、Pandora和Krispy Kreme等公司在评级举办财报会议。</blockquote></p><p> America’s Car-Mart,Jack Henry &amp; Associates,and&nbsp;La-Z-Boy&nbsp;report financial results after the market closes and will hold earnings calls the following morning, Aug. 18.</p><p><blockquote>America's Car-Mart、Jack Henry&amp;Associates和La-Z-Boy在收盘后报告财务业绩，并将于第二天（8月18日）上午举行收益评级。</blockquote></p><p> <b>The Federal Reserve</b>&nbsp;releases capacity utilization in the industrial sector for July. Consensus calls for a 75.7% reading, little changed from June’s 75.4% reading. Industrial production is seen rising 0.5% from June’s 0.4% seasonally adjusted increase.</p><p><blockquote><b>美联储</b>发布7月工业部门产能利用率。评级共识为75.7%，与6月份的75.4%几乎没有变化。工业生产预计将比6月份经季节调整后的0.4%增长0.5%。</blockquote></p><p> <b>The National Association</b>&nbsp;of Home Builders releases its NAHB/Wells Fargo Housing Market Index for August. Economists forecast an 80 reading, the same as in July. The index is down from its all-time high of 90 set in November.</p><p><blockquote><b>全国协会</b>房屋建筑商协会发布了8月份NAHB/富国银行住房市场指数。经济学家预测读数为80，与7月份相同。该指数较11月份创下的历史高点90有所回落。</blockquote></p><p> <b>Federal Reserve Board</b>&nbsp;Chairman Jay Powell will host a virtual town hall with educators and students.</p><p><blockquote><b>联邦储备委员会</b>主席杰伊·鲍威尔将与教育工作者和学生一起主持一个虚拟市政厅。</blockquote></p><p> <b>The Census Bureau reports</b>&nbsp;retail sales data for July. Expectations are for a 0.3% seasonally adjusted month-over-month decrease, following a 0.6% rise in June. Excluding autos, spending is seen rising 0.2%, compared with a 1.3% rise in the previous month.</p><p><blockquote><b>人口普查局报告</b>7月零售销售数据。继6月份上涨0.6%后，预计经季节调整后环比下降0.3%。不包括汽车在内，支出预计将增长0.2%，而上个月为增长1.3%。</blockquote></p><p> <b>Wednesday 8/18</b></p><p><blockquote><b>星期三8/18</b></blockquote></p><p> <b>The Federal Open Market</b>&nbsp;Committee releases the minutes from its late-July monetary-policy meeting.</p><p><blockquote><b>联邦公开市场</b>委员会公布了7月底货币政策会议的纪要。</blockquote></p><p> Cisco Systems, Lowe’s, Target, TJX, Tencent Holdings,Brinker International,Analog Devices,Synopsys,Lumentum Holdings, and Nvidia host earnings conference calls.</p><p><blockquote>思科系统、劳氏、塔吉特、TJX、腾讯控股控股、Brinker International、Analog Devices、Synopsys、Lumentum Holdings和Nvidia在评级举办财报会议。</blockquote></p><p> <b>The Census Bureau’s</b>new residential construction report for July is expected to show the seasonally adjusted annual rate of housing starts at 1.610 million, down from June’s 1.643 million. Housing starts hit a postpandemic peak of 1.73 million in March.</p><p><blockquote><b>人口普查局的</b>7月份新住宅建设报告预计显示，经季节调整后的新屋开工年率为161.0万套，低于6月份的164.3万套。3月份新屋开工量达到173万套的疫情后峰值。</blockquote></p><p> <b>Thursday 8/19</b></p><p><blockquote><b>星期四8/19</b></blockquote></p><p> BJ’s Wholesale,<b>L Brands</b>, Applied Materials,Ross Stores,Estée Lauder,Kohl’s, Macy’s,Performance Food Group,Petco Health and Wellness,and Farfetch host earnings conference calls.</p><p><blockquote>BJ的批发，<b>L品牌</b>、Applied Materials、Ross Stores、雅诗兰黛、Kohl's、Macy's、Performance Food Group、Petco Health and Wellness和Farfetch将在评级举办财报会议。</blockquote></p><p> <b>The Conference Board</b>releases its Leading Economic Index for July. The LEI is expected to increase 0.7% month over month, after gaining 0.7% in June.</p><p><blockquote><b>世界大型企业联合会</b>发布7月份领先经济指数。继6月份上涨0.7%后，LEI预计将环比上涨0.7%。</blockquote></p><p> <b>Friday 8/20</b></p><p><blockquote><b>星期五8/20</b></blockquote></p><p> Deere and Foot Locker host conference calls to discuss financial results.</p><p><blockquote>Deere和Foot Locker在评级主办会议讨论财务业绩。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/stocks-to-watch-this-week-51629054047?mod=hp_LEAD_2\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","TME":"腾讯音乐","NVDA":"英伟达","TGT":"塔吉特","WMT":"沃尔玛"},"source_url":"https://www.barrons.com/articles/stocks-to-watch-this-week-51629054047?mod=hp_LEAD_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129589874","content_text":"It’s the late innings of second-quarter earnings season, with retailers ready to step up to the plate. Walmart and Home Depot report on Tuesday, followed by Lowe’s, Target, and TJX on Wednesday. Kohl’s, Macy’s, BJ’s Wholesale, and L Brands are Thursday’s retail highlights, then Foot Locker closes the week on Friday.\nThe Census Bureau’s July retail sales data for July is also out this week, on Tuesday. Economists on average are forecasting a 0.2% seasonally adjusted increase last month, after a 0.6% rise in June.\nMajor non-retail companies releasing results this week include Pandora and Krispy Kreme on Tuesday, followed by a busy Wednesday:Nvidia,Tencent Holdings,CiscoSystems,Analog Devices,and Lumentum Holdings all report.Applied Materials goes on Thursday and Deere closes the week on Friday.\nEconomic data out this week include several housing-market metrics: The National Association of Home Builders’ NAHB/Wells Fargo Housing Market Index for August on Tuesday and the Census Bureau’s new residential construction report for July on Wednesday.\nAlso on Wednesday, the Federal Reserve’s monetary policy committee releases the minutes from its last meeting in late July. Then, the Conference Board publishes its Leading Economic Index for July on Thursday.\nMonday 8/16\nTencent Music Entertainment Group,Tokyo Electron,and Clear Secure are among the companies holding earnings conference calls.\nThe Federal Reserve Bank of New York releases its Empire State Manufacturing Survey for August. The consensus estimate is for a 26.5 reading. That compares with a record high of 43.0 in July, when the general business conditions index rose 26 points.\nTuesday 8/17\nBHP, Walmart, Home Depot,Agilent Technologies,Pandora, and Krispy Kreme are among the companies hosting earnings conference calls.\nAmerica’s Car-Mart,Jack Henry & Associates,and La-Z-Boy report financial results after the market closes and will hold earnings calls the following morning, Aug. 18.\nThe Federal Reserve releases capacity utilization in the industrial sector for July. Consensus calls for a 75.7% reading, little changed from June’s 75.4% reading. Industrial production is seen rising 0.5% from June’s 0.4% seasonally adjusted increase.\nThe National Association of Home Builders releases its NAHB/Wells Fargo Housing Market Index for August. Economists forecast an 80 reading, the same as in July. The index is down from its all-time high of 90 set in November.\nFederal Reserve Board Chairman Jay Powell will host a virtual town hall with educators and students.\nThe Census Bureau reports retail sales data for July. Expectations are for a 0.3% seasonally adjusted month-over-month decrease, following a 0.6% rise in June. Excluding autos, spending is seen rising 0.2%, compared with a 1.3% rise in the previous month.\nWednesday 8/18\nThe Federal Open Market Committee releases the minutes from its late-July monetary-policy meeting.\nCisco Systems, Lowe’s, Target, TJX, Tencent Holdings,Brinker International,Analog Devices,Synopsys,Lumentum Holdings, and Nvidia host earnings conference calls.\nThe Census Bureau’snew residential construction report for July is expected to show the seasonally adjusted annual rate of housing starts at 1.610 million, down from June’s 1.643 million. Housing starts hit a postpandemic peak of 1.73 million in March.\nThursday 8/19\nBJ’s Wholesale,L Brands, Applied Materials,Ross Stores,Estée Lauder,Kohl’s, Macy’s,Performance Food Group,Petco Health and Wellness,and Farfetch host earnings conference calls.\nThe Conference Boardreleases its Leading Economic Index for July. The LEI is expected to increase 0.7% month over month, after gaining 0.7% in June.\nFriday 8/20\nDeere and Foot Locker host conference calls to discuss financial results.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,"TME":0.9,"NVDA":0.9,".DJI":0.9,"TGT":0.9,"WMT":0.9}},"isVote":1,"tweetType":1,"viewCount":3758,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830305643,"gmtCreate":1629007299382,"gmtModify":1631890785984,"author":{"id":"3576734182904550","authorId":"3576734182904550","name":"Jamessss","avatar":"https://static.tigerbbs.com/6c712eae8eccf0013cc7d0e594915c60","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576734182904550","idStr":"3576734182904550"},"themes":[],"htmlText":"G","listText":"G","text":"G","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/830305643","repostId":"2159145532","repostType":4,"isVote":1,"tweetType":1,"viewCount":3617,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897374485,"gmtCreate":1628896692547,"gmtModify":1631890785994,"author":{"id":"3576734182904550","authorId":"3576734182904550","name":"Jamessss","avatar":"https://static.tigerbbs.com/6c712eae8eccf0013cc7d0e594915c60","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576734182904550","idStr":"3576734182904550"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/897374485","repostId":"2159154642","repostType":2,"repost":{"id":"2159154642","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1628885192,"share":"https://www.laohu8.com/m/news/2159154642?lang=zh_CN&edition=full","pubTime":"2021-08-14 04:06","market":"us","language":"en","title":"U.S. Cash Crude-Coastal grades firm on export demand<blockquote>美国现金原油-沿海等级因出口需求而坚挺</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2159154642","media":"Reuters","summary":"Aug 13 (Reuters) - U.S. coastal crude grades strengthened on Friday as buying interest from Asia pic","content":"<p><html><body>Aug 13 (Reuters) - U.S. coastal crude grades strengthened on Friday as buying interest from Asia picked up, dealers said. </p><p><blockquote><html><body>路透8月13日-交易商表示，随着亚洲买盘兴趣回升，美国沿海原油等级周五走强。</body></html></blockquote></p><p>   South Korean and Chinese refiners have snapped up at least 5 million barrels of U.S. Mars crude loading in September, taking advantage of lower prices in recent weeks, industry sources said.  </p><p><blockquote>业内消息人士称，韩国和中国炼油商利用近几周价格走低的机会，抢购了9月份至少500万桶美国玛氏原油装船量。</blockquote></p><p>   Other grades such as West Texas Intermediate <a href=\"https://laohu8.com/S/WTI\">$(WTI)$</a> and West Texas Light <a href=\"https://laohu8.com/S/WTL.AU\">$(WTL.AU)$</a> that regularly head east are also being booked for Asia, the sources said.</p><p><blockquote>其他等级，例如西德克萨斯中级<a href=\"https://laohu8.com/S/WTI\">$(WTI)$</a>和西德克萨斯之光<a href=\"https://laohu8.com/S/WTL.AU\">$(WTL.AU)$</a>消息人士称，定期向东行驶的航班也被预订前往亚洲。</blockquote></p><p>   \"We basically had nothing trade (in sour grades) in June and July and we have 5 million barrels going in August to all Eastern buyers,\" <a href=\"https://laohu8.com/S/AONE.U\">one</a> U.S. crude exporter said. </p><p><blockquote>“我们在6月和7月基本上没有任何贸易（酸级），8月份我们有500万桶运往所有东部买家，”<a href=\"https://laohu8.com/S/AONE.U\">一</a>美国原油出口商表示。</blockquote></p><p>   A narrow spread between U.S. crude futures and international benchmark Brent had weighed on exports but pricing has recently become more favorable for shipments to Asia, traders and brokers said. </p><p><blockquote>交易商和经纪商表示，美国原油期货与国际基准布伦特原油之间的利差收窄，令出口承压，但近期定价变得更加有利于向亚洲发货。</blockquote></p><p>   Among inland grades, WTI Midland and West Texas Sour weakened slightly on signs of production growth in the Permian basin. </p><p><blockquote>在内陆等级中，WTI米德兰和西德克萨斯酸原油因二叠纪盆地产量增长的迹象而小幅走弱。</blockquote></p><p>   U.S. energy firms added the most oil rigs in a week since April as the total rig count more than doubled from a record low a year ago amid a recovery in crude prices.   </p><p><blockquote>由于原油价格回升，美国能源公司在一周内增加了最多的石油钻井平台，钻井总数比一年前的历史低点增加了一倍多。</blockquote></p><p>   Enverus, a provider of energy data with its own closely watched rig count, said the number of active rigs increased by eight to 575 in the week to Aug. 11 with most of the increases in Appalachia and the Permian. </p><p><blockquote>Enverus是一家能源数据提供商，其钻机数量受到密切关注，该公司表示，截至8月11日当周，活跃钻机数量增加了8座，达到575座，其中大部分增加位于阿巴拉契亚和二叠纪。</blockquote></p><p>   In refinery news, the large gasoline-producing fluidic catalytic cracker <a href=\"https://laohu8.com/S/FCC.AU\">$(FCC.AU)$</a> is operating normally at Exxon Mobil Corp's XOM.N 560,500 barrel-per-day (bpd) Baytown, Texas refinery following a malfunction on Thursday, said sources familiar with plant operations.  </p><p><blockquote>炼油厂新闻中，大型汽油生产流化催化裂化装置<a href=\"https://laohu8.com/S/FCC.AU\">$(FCC.AU)$</a>埃克森美孚公司的XOM正在正常运行。据熟悉工厂运营的消息人士称，德克萨斯州贝敦炼油厂周四发生故障后，日产560,500桶。</blockquote></p><p>   <a href=\"https://laohu8.com/S/RYDAF\">Royal Dutch Shell Plc</a> completed the restart of the gasoline-producing residual catalytic cracking unit (RCCU) at its 230,611 barrel-per-day (bpd) Norco, Louisiana refinery, sources familiar with plant operations said on Friday.</p><p><blockquote><a href=\"https://laohu8.com/S/RYDAF\">荷兰皇家壳牌公司</a>熟悉工厂运营的消息人士周五表示，路易斯安那州Norco炼油厂日产230,611桶(bpd)的汽油生产渣油催化裂化装置(RCCU)已完成重启。</blockquote></p><p>   * Light Louisiana Sweet    for September delivery fell 10 cents to a midpoint of 70 cents a barrel and traded between 60 cents and 80 cents a barrel premium to U.S. crude futures   .      </p><p><blockquote>*9月份交割的路易斯安那轻质低硫原油下跌10美分，至每桶70美分的中点，交易价格较美国原油期货溢价60美分至80美分。</blockquote></p><p>   * Mars Sour    rose 5 cents to a midpoint of $1.40 a barrel discount and traded between $1.50 and $1.30 a barrel discount to U.S. crude futures   .        </p><p><blockquote>*Mars Sour上涨5美分，至每桶贴水1.40美元的中点，交易价格较美国原油期货贴水1.50美元至1.30美元。</blockquote></p><p>   * WTI Midland    fell 2.5 cents to a midpoint of 10 cents a barrel and traded between 5 cents and 15 cents a barrel premium to U.S. crude futures   .        </p><p><blockquote>*WTI米德兰原油期货下跌2.5美分，至每桶10美分的中点，较美国原油期货溢价在每桶5美分至15美分之间。</blockquote></p><p>   * West Texas Sour    fell 5 cents to a midpoint of 25 cents a barrel discount and traded between 15 cents and 35 cents a barrel discount to U.S. crude futures   .        </p><p><blockquote>*西德克萨斯酸原油下跌5美分，至每桶贴水25美分的中点，交易价格较美国原油期货每桶贴水15美分至35美分。</blockquote></p><p>   * WTI at East Houston, also known as MEH, traded at 50 cents a barrel over WTI.     </p><p><blockquote>*East Houston WTI，也称为MEH，交易价格比WTI每桶高50美分。</blockquote></p><p>   * ICE Brent October    futures fell 72 cents to settle at $70.59 a barrel.</p><p><blockquote>*ICE布伦特10月期货价格下跌72美分，收于每桶70.59美元。</blockquote></p><p>   * WTI September crude    futures fell 65 cents to settle at $68.44 a barrel.</p><p><blockquote>*WTI 9月原油期货下跌65美分，收于每桶68.44美元。</blockquote></p><p>   * The Brent/WTI spread    narrowed 3 cents to settle at minus $2.38, after hitting a high of minus $2.36 and a low of minus $2.54.</p><p><blockquote>*布伦特/WTI价差收窄3美分，收于负2.38美元，此前曾触及负2.36美元高点和负2.54美元低点。</blockquote></p><p> (Reporting by Devika Krishna Kumar in New York; editing by Grant McCool)</p><p><blockquote>（Devika Krishna Kumar纽约报道；Grant McCool编辑）</blockquote></p><p>((devika.kumar@thomsonreuters.com; +1 646 223 6059; Reuters Messaging: devika.kumar.thomsonreuters.com@reuters.net))</p><p><blockquote>（（devika.kumar@thomsonreuters.com；+1 646 223 605 9；路透社消息：devika.kumar.thomsonreuters.com@reuters.net））</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Cash Crude-Coastal grades firm on export demand<blockquote>美国现金原油-沿海等级因出口需求而坚挺</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; 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#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\">\nU.S. Cash Crude-Coastal grades firm on export demand<blockquote>美国现金原油-沿海等级因出口需求而坚挺</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2021-08-14 04:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><body>Aug 13 (Reuters) - U.S. coastal crude grades strengthened on Friday as buying interest from Asia picked up, dealers said. </p><p><blockquote><html><body>路透8月13日-交易商表示，随着亚洲买盘兴趣回升，美国沿海原油等级周五走强。</body></html></blockquote></p><p>   South Korean and Chinese refiners have snapped up at least 5 million barrels of U.S. Mars crude loading in September, taking advantage of lower prices in recent weeks, industry sources said.  </p><p><blockquote>业内消息人士称，韩国和中国炼油商利用近几周价格走低的机会，抢购了9月份至少500万桶美国玛氏原油装船量。</blockquote></p><p>   Other grades such as West Texas Intermediate <a href=\"https://laohu8.com/S/WTI\">$(WTI)$</a> and West Texas Light <a href=\"https://laohu8.com/S/WTL.AU\">$(WTL.AU)$</a> that regularly head east are also being booked for Asia, the sources said.</p><p><blockquote>其他等级，例如西德克萨斯中级<a href=\"https://laohu8.com/S/WTI\">$(WTI)$</a>和西德克萨斯之光<a href=\"https://laohu8.com/S/WTL.AU\">$(WTL.AU)$</a>消息人士称，定期向东行驶的航班也被预订前往亚洲。</blockquote></p><p>   \"We basically had nothing trade (in sour grades) in June and July and we have 5 million barrels going in August to all Eastern buyers,\" <a href=\"https://laohu8.com/S/AONE.U\">one</a> U.S. crude exporter said. </p><p><blockquote>“我们在6月和7月基本上没有任何贸易（酸级），8月份我们有500万桶运往所有东部买家，”<a href=\"https://laohu8.com/S/AONE.U\">一</a>美国原油出口商表示。</blockquote></p><p>   A narrow spread between U.S. crude futures and international benchmark Brent had weighed on exports but pricing has recently become more favorable for shipments to Asia, traders and brokers said. </p><p><blockquote>交易商和经纪商表示，美国原油期货与国际基准布伦特原油之间的利差收窄，令出口承压，但近期定价变得更加有利于向亚洲发货。</blockquote></p><p>   Among inland grades, WTI Midland and West Texas Sour weakened slightly on signs of production growth in the Permian basin. </p><p><blockquote>在内陆等级中，WTI米德兰和西德克萨斯酸原油因二叠纪盆地产量增长的迹象而小幅走弱。</blockquote></p><p>   U.S. energy firms added the most oil rigs in a week since April as the total rig count more than doubled from a record low a year ago amid a recovery in crude prices.   </p><p><blockquote>由于原油价格回升，美国能源公司在一周内增加了最多的石油钻井平台，钻井总数比一年前的历史低点增加了一倍多。</blockquote></p><p>   Enverus, a provider of energy data with its own closely watched rig count, said the number of active rigs increased by eight to 575 in the week to Aug. 11 with most of the increases in Appalachia and the Permian. </p><p><blockquote>Enverus是一家能源数据提供商，其钻机数量受到密切关注，该公司表示，截至8月11日当周，活跃钻机数量增加了8座，达到575座，其中大部分增加位于阿巴拉契亚和二叠纪。</blockquote></p><p>   In refinery news, the large gasoline-producing fluidic catalytic cracker <a href=\"https://laohu8.com/S/FCC.AU\">$(FCC.AU)$</a> is operating normally at Exxon Mobil Corp's XOM.N 560,500 barrel-per-day (bpd) Baytown, Texas refinery following a malfunction on Thursday, said sources familiar with plant operations.  </p><p><blockquote>炼油厂新闻中，大型汽油生产流化催化裂化装置<a href=\"https://laohu8.com/S/FCC.AU\">$(FCC.AU)$</a>埃克森美孚公司的XOM正在正常运行。据熟悉工厂运营的消息人士称，德克萨斯州贝敦炼油厂周四发生故障后，日产560,500桶。</blockquote></p><p>   <a href=\"https://laohu8.com/S/RYDAF\">Royal Dutch Shell Plc</a> completed the restart of the gasoline-producing residual catalytic cracking unit (RCCU) at its 230,611 barrel-per-day (bpd) Norco, Louisiana refinery, sources familiar with plant operations said on Friday.</p><p><blockquote><a href=\"https://laohu8.com/S/RYDAF\">荷兰皇家壳牌公司</a>熟悉工厂运营的消息人士周五表示，路易斯安那州Norco炼油厂日产230,611桶(bpd)的汽油生产渣油催化裂化装置(RCCU)已完成重启。</blockquote></p><p>   * Light Louisiana Sweet    for September delivery fell 10 cents to a midpoint of 70 cents a barrel and traded between 60 cents and 80 cents a barrel premium to U.S. crude futures   .      </p><p><blockquote>*9月份交割的路易斯安那轻质低硫原油下跌10美分，至每桶70美分的中点，交易价格较美国原油期货溢价60美分至80美分。</blockquote></p><p>   * Mars Sour    rose 5 cents to a midpoint of $1.40 a barrel discount and traded between $1.50 and $1.30 a barrel discount to U.S. crude futures   .        </p><p><blockquote>*Mars Sour上涨5美分，至每桶贴水1.40美元的中点，交易价格较美国原油期货贴水1.50美元至1.30美元。</blockquote></p><p>   * WTI Midland    fell 2.5 cents to a midpoint of 10 cents a barrel and traded between 5 cents and 15 cents a barrel premium to U.S. crude futures   .        </p><p><blockquote>*WTI米德兰原油期货下跌2.5美分，至每桶10美分的中点，较美国原油期货溢价在每桶5美分至15美分之间。</blockquote></p><p>   * West Texas Sour    fell 5 cents to a midpoint of 25 cents a barrel discount and traded between 15 cents and 35 cents a barrel discount to U.S. crude futures   .        </p><p><blockquote>*西德克萨斯酸原油下跌5美分，至每桶贴水25美分的中点，交易价格较美国原油期货每桶贴水15美分至35美分。</blockquote></p><p>   * WTI at East Houston, also known as MEH, traded at 50 cents a barrel over WTI.     </p><p><blockquote>*East Houston WTI，也称为MEH，交易价格比WTI每桶高50美分。</blockquote></p><p>   * ICE Brent October    futures fell 72 cents to settle at $70.59 a barrel.</p><p><blockquote>*ICE布伦特10月期货价格下跌72美分，收于每桶70.59美元。</blockquote></p><p>   * WTI September crude    futures fell 65 cents to settle at $68.44 a barrel.</p><p><blockquote>*WTI 9月原油期货下跌65美分，收于每桶68.44美元。</blockquote></p><p>   * The Brent/WTI spread    narrowed 3 cents to settle at minus $2.38, after hitting a high of minus $2.36 and a low of minus $2.54.</p><p><blockquote>*布伦特/WTI价差收窄3美分，收于负2.38美元，此前曾触及负2.36美元高点和负2.54美元低点。</blockquote></p><p> (Reporting by Devika Krishna Kumar in New York; editing by Grant McCool)</p><p><blockquote>（Devika Krishna Kumar纽约报道；Grant McCool编辑）</blockquote></p><p>((devika.kumar@thomsonreuters.com; +1 646 223 6059; Reuters Messaging: devika.kumar.thomsonreuters.com@reuters.net))</p><p><blockquote>（（devika.kumar@thomsonreuters.com；+1 646 223 605 9；路透社消息：devika.kumar.thomsonreuters.com@reuters.net））</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DGAZ":"三倍做空天然气ETN(VelocityShares)","SCO":"二倍做空彭博原油指数ETF","XOM":"埃克森美孚","DUG":"二倍做空石油与天然气ETF(ProShares)","USO":"美国原油ETF","UCO":"二倍做多彭博原油ETF","DDG":"ProShares做空石油与天然气ETF","UNG":"美国天然气基金","UGAZ":"三倍做多天然气ETN(VelocityShares)","DWT":"三倍做空原油ETN"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2159154642","content_text":"Aug 13 (Reuters) - U.S. coastal crude grades strengthened on Friday as buying interest from Asia picked up, dealers said.    South Korean and Chinese refiners have snapped up at least 5 million barrels of U.S. Mars crude loading in September, taking advantage of lower prices in recent weeks, industry sources said.     Other grades such as West Texas Intermediate $(WTI)$ and West Texas Light $(WTL.AU)$ that regularly head east are also being booked for Asia, the sources said.   \"We basically had nothing trade (in sour grades) in June and July and we have 5 million barrels going in August to all Eastern buyers,\" one U.S. crude exporter said.    A narrow spread between U.S. crude futures and international benchmark Brent had weighed on exports but pricing has recently become more favorable for shipments to Asia, traders and brokers said.    Among inland grades, WTI Midland and West Texas Sour weakened slightly on signs of production growth in the Permian basin.    U.S. energy firms added the most oil rigs in a week since April as the total rig count more than doubled from a record low a year ago amid a recovery in crude prices.      Enverus, a provider of energy data with its own closely watched rig count, said the number of active rigs increased by eight to 575 in the week to Aug. 11 with most of the increases in Appalachia and the Permian.    In refinery news, the large gasoline-producing fluidic catalytic cracker $(FCC.AU)$ is operating normally at Exxon Mobil Corp's XOM.N 560,500 barrel-per-day (bpd) Baytown, Texas refinery following a malfunction on Thursday, said sources familiar with plant operations.   Royal Dutch Shell Plc completed the restart of the gasoline-producing residual catalytic cracking unit (RCCU) at its 230,611 barrel-per-day (bpd) Norco, Louisiana refinery, sources familiar with plant operations said on Friday.   * Light Louisiana Sweet    for September delivery fell 10 cents to a midpoint of 70 cents a barrel and traded between 60 cents and 80 cents a barrel premium to U.S. crude futures   .         * Mars Sour    rose 5 cents to a midpoint of $1.40 a barrel discount and traded between $1.50 and $1.30 a barrel discount to U.S. crude futures   .           * WTI Midland    fell 2.5 cents to a midpoint of 10 cents a barrel and traded between 5 cents and 15 cents a barrel premium to U.S. crude futures   .           * West Texas Sour    fell 5 cents to a midpoint of 25 cents a barrel discount and traded between 15 cents and 35 cents a barrel discount to U.S. crude futures   .           * WTI at East Houston, also known as MEH, traded at 50 cents a barrel over WTI.        * ICE Brent October    futures fell 72 cents to settle at $70.59 a barrel.   * WTI September crude    futures fell 65 cents to settle at $68.44 a barrel.   * The Brent/WTI spread    narrowed 3 cents to settle at minus $2.38, after hitting a high of minus $2.36 and a low of minus $2.54. (Reporting by Devika Krishna Kumar in New York; editing by Grant McCool)((devika.kumar@thomsonreuters.com; +1 646 223 6059; Reuters Messaging: devika.kumar.thomsonreuters.com@reuters.net))","news_type":1,"symbols_score_info":{"UCO":0.6,"CLmain":0.9,"DWT":0.6,"UNG":0.6,"XOM":0.9,"UGAZ":0.6,"BZmain":0.6,"DUG":0.6,"DGAZ":0.6,"NGmain":0.9,"QGmain":0.9,"USO":0.6,"SCO":0.6,"QMmain":0.9,"DDG":0.6}},"isVote":1,"tweetType":1,"viewCount":700,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894630916,"gmtCreate":1628820320935,"gmtModify":1631893265575,"author":{"id":"3576734182904550","authorId":"3576734182904550","name":"Jamessss","avatar":"https://static.tigerbbs.com/6c712eae8eccf0013cc7d0e594915c60","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576734182904550","idStr":"3576734182904550"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/894630916","repostId":"1141628465","repostType":2,"repost":{"id":"1141628465","kind":"news","pubTimestamp":1628819102,"share":"https://www.laohu8.com/m/news/1141628465?lang=zh_CN&edition=full","pubTime":"2021-08-13 09:45","market":"us","language":"en","title":"Is AMC Entertainment Stock About To Smoke Shorts Yet Again?<blockquote>AMC院线股票会再次抽空头吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1141628465","media":"Benzinga","summary":"Excitement swirled aroundAMC Entertainment Holdings, Inc(NYSE:AMC) when it printed a bigsecond-quart","content":"<p><div> Excitement swirled aroundAMC Entertainment Holdings, Inc(NYSE:AMC) when it printed a bigsecond-quarterearnings beat and announced it planned to acceptBitcoin(CRYPTO: BTC), Apple Pay and Google Pay for...</p><p><blockquote><div>当AMC娱乐控股公司（纽约证券交易所代码：AMC）公布第二季度收益大幅增长，并宣布计划接受比特币（加密货币：BTC）、苹果支付和谷歌支付时，人们兴奋不已...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/trading-ideas/long-ideas/21/08/22474571/is-amc-entertainment-stock-about-to-smoke-shorts-yet-again\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/trading-ideas/long-ideas/21/08/22474571/is-amc-entertainment-stock-about-to-smoke-shorts-yet-again\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is AMC Entertainment Stock About To Smoke Shorts Yet Again?<blockquote>AMC院线股票会再次抽空头吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs AMC Entertainment Stock About To Smoke Shorts Yet Again?<blockquote>AMC院线股票会再次抽空头吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-08-13 09:45</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Excitement swirled aroundAMC Entertainment Holdings, Inc(NYSE:AMC) when it printed a bigsecond-quarterearnings beat and announced it planned to acceptBitcoin(CRYPTO: BTC), Apple Pay and Google Pay for...</p><p><blockquote><div>当AMC娱乐控股公司（纽约证券交易所代码：AMC）公布第二季度收益大幅增长，并宣布计划接受比特币（加密货币：BTC）、苹果支付和谷歌支付时，人们兴奋不已...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/trading-ideas/long-ideas/21/08/22474571/is-amc-entertainment-stock-about-to-smoke-shorts-yet-again\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/trading-ideas/long-ideas/21/08/22474571/is-amc-entertainment-stock-about-to-smoke-shorts-yet-again\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/trading-ideas/long-ideas/21/08/22474571/is-amc-entertainment-stock-about-to-smoke-shorts-yet-again\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.benzinga.com/trading-ideas/long-ideas/21/08/22474571/is-amc-entertainment-stock-about-to-smoke-shorts-yet-again","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141628465","content_text":"Excitement swirled aroundAMC Entertainment Holdings, Inc(NYSE:AMC) when it printed a bigsecond-quarterearnings beat and announced it planned to acceptBitcoin(CRYPTO: BTC), Apple Pay and Google Pay for tickets and concessions by end of 2021.\nThe theatre chain’s stock gapped up the following day, but ran into a group of sellers which dropped the stock back to a support zone at $31.81. On Wednesday AMC dropped slightly lower and tested an old support level from 2017 at $29.45 where bulls bought the dip. The retest of the level formed a bullish triple bottom pattern because AMC had tested and held above the level on Aug. 4 and 5.\nOn Thursday, AMC bounced up through resistance at $31.81 and was battling to regain the eight-day exponential moving average on the daily chart. Bulls will want to see AMC close the trading day above the eight-day EMA for confidence going forward.\nOptions traders believe AMC has room to run and on Thursday continued piling into the trade. The traders purchased $722,603 worth of call contracts with most choosing an expiry of Aug. 20 for calls closer to the current share price than what has been seenrecently.\nWhy It’s Important:When a sweep order occurs, it indicates the trader wanted to get into a position quickly and is anticipating an imminent large move in stock price. A sweeper pays market price for the call or put option instead of placing a bid, which sweeps the order book of multiple exchanges to fill the order immediately.\nThese types of option orders are usually made by institutions, and retail investors can find watching for sweepers useful because it indicates “smart money” has entered into a position.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":816,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":892116505,"gmtCreate":1628643432207,"gmtModify":1631893265588,"author":{"id":"3576734182904550","authorId":"3576734182904550","name":"Jamessss","avatar":"https://static.tigerbbs.com/6c712eae8eccf0013cc7d0e594915c60","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576734182904550","idStr":"3576734182904550"},"themes":[],"htmlText":"J","listText":"J","text":"J","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/892116505","repostId":"1199439318","repostType":2,"repost":{"id":"1199439318","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":1628583651,"share":"https://www.laohu8.com/m/news/1199439318?lang=zh_CN&edition=full","pubTime":"2021-08-10 16:20","market":"us","language":"en","title":"Tesla shares fell 1% in premarket trading,as the company delivering 8,621 Chinese-made vehicles in China  in July, down 69% from the previous month.<blockquote>特斯拉股价在盘前交易中下跌1%，该公司7月份在中国交付了8,621辆中国制造汽车，环比下降69%。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199439318","media":"Tiger Newspress","summary":"Tesla&nbsp;shares&nbsp;fell&nbsp;1%&nbsp;in&nbsp;premarket&nbsp;trading,as&nbsp;the&nbsp;company&nbsp;delivering&nbsp;8,621&nbsp;Chinese-made&nbsp;vehicles&nbsp;in&nbsp;China&nbsp; in July, down 69% from the previous month.","content":"<p>Tesla&nbsp;shares&nbsp;fell&nbsp;1%&nbsp;in&nbsp;premarket&nbsp;trading,as&nbsp;the&nbsp;company&nbsp;delivering&nbsp;8,621&nbsp;Chinese-made&nbsp;vehicles&nbsp;in&nbsp;China&nbsp; in July, down 69% from the previous month.</p><p><blockquote>特斯拉股价在盘前交易中下跌1%，该公司7月份在中国交付了8,621辆中国制造汽车，环比下降69%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6658f9412245f1a24a5923cb11933e10\" tg-width=\"859\" tg-height=\"613\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla shares fell 1% in premarket trading,as the company delivering 8,621 Chinese-made vehicles in China  in July, down 69% from the previous month.<blockquote>特斯拉股价在盘前交易中下跌1%，该公司7月份在中国交付了8,621辆中国制造汽车，环比下降69%。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla shares fell 1% in premarket trading,as the company delivering 8,621 Chinese-made vehicles in China  in July, down 69% from the previous month.<blockquote>特斯拉股价在盘前交易中下跌1%，该公司7月份在中国交付了8,621辆中国制造汽车，环比下降69%。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-08-10 16:20</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Tesla&nbsp;shares&nbsp;fell&nbsp;1%&nbsp;in&nbsp;premarket&nbsp;trading,as&nbsp;the&nbsp;company&nbsp;delivering&nbsp;8,621&nbsp;Chinese-made&nbsp;vehicles&nbsp;in&nbsp;China&nbsp; in July, down 69% from the previous month.</p><p><blockquote>特斯拉股价在盘前交易中下跌1%，该公司7月份在中国交付了8,621辆中国制造汽车，环比下降69%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6658f9412245f1a24a5923cb11933e10\" tg-width=\"859\" tg-height=\"613\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199439318","content_text":"Tesla shares fell 1% in premarket trading,as the company delivering 8,621 Chinese-made vehicles in China  in July, down 69% from the previous month.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":467,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":892116993,"gmtCreate":1628643420012,"gmtModify":1631893265599,"author":{"id":"3576734182904550","authorId":"3576734182904550","name":"Jamessss","avatar":"https://static.tigerbbs.com/6c712eae8eccf0013cc7d0e594915c60","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576734182904550","idStr":"3576734182904550"},"themes":[],"htmlText":"J","listText":"J","text":"J","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/892116993","repostId":"1199439318","repostType":2,"repost":{"id":"1199439318","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":1628583651,"share":"https://www.laohu8.com/m/news/1199439318?lang=zh_CN&edition=full","pubTime":"2021-08-10 16:20","market":"us","language":"en","title":"Tesla shares fell 1% in premarket trading,as the company delivering 8,621 Chinese-made vehicles in China  in July, down 69% from the previous month.<blockquote>特斯拉股价在盘前交易中下跌1%，该公司7月份在中国交付了8,621辆中国制造汽车，环比下降69%。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199439318","media":"Tiger Newspress","summary":"Tesla&nbsp;shares&nbsp;fell&nbsp;1%&nbsp;in&nbsp;premarket&nbsp;trading,as&nbsp;the&nbsp;company&nbsp;delivering&nbsp;8,621&nbsp;Chinese-made&nbsp;vehicles&nbsp;in&nbsp;China&nbsp; in July, down 69% from the previous month.","content":"<p>Tesla&nbsp;shares&nbsp;fell&nbsp;1%&nbsp;in&nbsp;premarket&nbsp;trading,as&nbsp;the&nbsp;company&nbsp;delivering&nbsp;8,621&nbsp;Chinese-made&nbsp;vehicles&nbsp;in&nbsp;China&nbsp; in July, down 69% from the previous month.</p><p><blockquote>特斯拉股价在盘前交易中下跌1%，该公司7月份在中国交付了8,621辆中国制造汽车，环比下降69%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6658f9412245f1a24a5923cb11933e10\" tg-width=\"859\" tg-height=\"613\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla shares fell 1% in premarket trading,as the company delivering 8,621 Chinese-made vehicles in China  in July, down 69% from the previous month.<blockquote>特斯拉股价在盘前交易中下跌1%，该公司7月份在中国交付了8,621辆中国制造汽车，环比下降69%。</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; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla shares fell 1% in premarket trading,as the company delivering 8,621 Chinese-made vehicles in China  in July, down 69% from the previous month.<blockquote>特斯拉股价在盘前交易中下跌1%，该公司7月份在中国交付了8,621辆中国制造汽车，环比下降69%。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-08-10 16:20</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Tesla&nbsp;shares&nbsp;fell&nbsp;1%&nbsp;in&nbsp;premarket&nbsp;trading,as&nbsp;the&nbsp;company&nbsp;delivering&nbsp;8,621&nbsp;Chinese-made&nbsp;vehicles&nbsp;in&nbsp;China&nbsp; in July, down 69% from the previous month.</p><p><blockquote>特斯拉股价在盘前交易中下跌1%，该公司7月份在中国交付了8,621辆中国制造汽车，环比下降69%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6658f9412245f1a24a5923cb11933e10\" tg-width=\"859\" tg-height=\"613\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199439318","content_text":"Tesla shares fell 1% in premarket trading,as the company delivering 8,621 Chinese-made vehicles in China  in July, down 69% from the previous month.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":720,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896128124,"gmtCreate":1628562642968,"gmtModify":1631893265616,"author":{"id":"3576734182904550","authorId":"3576734182904550","name":"Jamessss","avatar":"https://static.tigerbbs.com/6c712eae8eccf0013cc7d0e594915c60","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576734182904550","idStr":"3576734182904550"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/896128124","repostId":"1188747285","repostType":2,"isVote":1,"tweetType":1,"viewCount":809,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898861714,"gmtCreate":1628484953638,"gmtModify":1631893265631,"author":{"id":"3576734182904550","authorId":"3576734182904550","name":"Jamessss","avatar":"https://static.tigerbbs.com/6c712eae8eccf0013cc7d0e594915c60","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576734182904550","idStr":"3576734182904550"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/898861714","repostId":"2157492988","repostType":4,"isVote":1,"tweetType":1,"viewCount":646,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891248287,"gmtCreate":1628395004649,"gmtModify":1631893265644,"author":{"id":"3576734182904550","authorId":"3576734182904550","name":"Jamessss","avatar":"https://static.tigerbbs.com/6c712eae8eccf0013cc7d0e594915c60","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576734182904550","idStr":"3576734182904550"},"themes":[],"htmlText":"G","listText":"G","text":"G","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/891248287","repostId":"1180529438","repostType":4,"repost":{"id":"1180529438","kind":"news","pubTimestamp":1628386129,"share":"https://www.laohu8.com/m/news/1180529438?lang=zh_CN&edition=full","pubTime":"2021-08-08 09:28","market":"us","language":"en","title":"SEC Moves First DeFi Unregistered Securities Lawsuit<blockquote>SEC提起首起DeFi未注册证券诉讼</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180529438","media":"Benzinga","summary":"The United States Securities and Exchange Commission  sued the organization responsible for the development of a decentralized finance  protocol over activities involved with the project for the first time.What Happened: According to a Friday SEC announcement, the agency has sued Cayman Islands-based Blockchain Credit Partners and two of its top executives over allegedly selling unregistered securities through its DeFi Money Market platform from February 2020 to February 2021. The firm purported","content":"<p><div> The United States Securities and Exchange Commission (SEC) sued the organization responsible for the development of a decentralized finance (DeFi) protocol over activities involved with the project ...</p><p><blockquote><div>美国证券交易委员会（SEC）就该项目涉及的活动起诉了负责开发分散金融（DeFi）协议的组织...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SEC Moves First DeFi Unregistered Securities Lawsuit<blockquote>SEC提起首起DeFi未注册证券诉讼</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\">\nSEC Moves First DeFi Unregistered Securities Lawsuit<blockquote>SEC提起首起DeFi未注册证券诉讼</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-08-08 09:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> The United States Securities and Exchange Commission (SEC) sued the organization responsible for the development of a decentralized finance (DeFi) protocol over activities involved with the project ...</p><p><blockquote><div>美国证券交易委员会（SEC）就该项目涉及的活动起诉了负责开发分散金融（DeFi）协议的组织...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180529438","content_text":"The United States Securities and Exchange Commission (SEC) sued the organization responsible for the development of a decentralized finance (DeFi) protocol over activities involved with the project for the first time.\nWhat Happened: According to a Friday SEC announcement, the agency has sued Cayman Islands-based Blockchain Credit Partners and two of its top executives over allegedly selling unregistered securities through its DeFi Money Market platform from February 2020 to February 2021. The firm purportedly sold over $30 million worth of two types of tokens that the SEC deemed to be securities that should have been registered as such.\nThe SEC notes that Blockchain Credit Partners founders Gregory Keough and Derek Acree will have to pay fines of $125,000 while the company itself also agreed to pay $12.8 million in disgorgement. The settlement does not indicate an admition or denial the accusations.\nNew Game, Old Rules?\nSEC Enforcement Director Gurbir Grewal explained that \"full and honest disclosure remains the cornerstone of our securities laws — no matter what technologies are used to offer and sell those securities.\" This comment makes it very clear that slapping the DeFi label on a project and hoping to avoid regulation this way works no better than calling it a \"utility token\" prevented falling under the SEC's scrutiny during 2017's initial coin offering craze.\nThe SEC is trying to send the clear rule that the new kind of financial organizations that operate on blockchains have to still play by the old rules that govern traditional finance. At the same time, market onlookers are not sure if the regulator is actually right.\nIn a way, it is a tour de force where the regulator wins every time it has a way to take enforcement action, but these new organizations potentially have a very real way to make enforcement impossible — or at the very least impractical. The only protection against enforcement by the SEC and other regulators is decentralization and the only reason why the SEC was able to act in this case is that a centralized organization such as Blockchain Credit Partners exists.\nWhat's Next:If no company exists and all that there is to a DeFi protocol is a set of smart contracts deployed on a blockchain by a group of anonymous developers scattered around the world there is very little that the SEC can do short of attacking the blockchain itself. This is where the decentralization of the underlying blockchain comes into play: will the regulators for instance be able to force Ethereum's (CRYPTO: ETH) core development team to write an update stopping such a project?\nIf the regulators would actually be able to force the blockchain's developers to write such an update, would node operators and miners or stakers adopt this software or would they refuse to? Such situations will be the real test of the decentralization and reliability of any blockchain that many are waiting to happen. Regulators are seeing power slipping away between their fingers like sand, and they are going to try to grab it.","news_type":1,"symbols_score_info":{"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":523,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891064673,"gmtCreate":1628308876892,"gmtModify":1631893265656,"author":{"id":"3576734182904550","authorId":"3576734182904550","name":"Jamessss","avatar":"https://static.tigerbbs.com/6c712eae8eccf0013cc7d0e594915c60","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576734182904550","idStr":"3576734182904550"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/891064673","repostId":"1119792130","repostType":4,"isVote":1,"tweetType":1,"viewCount":762,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893059462,"gmtCreate":1628223299656,"gmtModify":1631893265659,"author":{"id":"3576734182904550","authorId":"3576734182904550","name":"Jamessss","avatar":"https://static.tigerbbs.com/6c712eae8eccf0013cc7d0e594915c60","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576734182904550","idStr":"3576734182904550"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/893059462","repostId":"1199377263","repostType":4,"repost":{"id":"1199377263","kind":"news","pubTimestamp":1628222564,"share":"https://www.laohu8.com/m/news/1199377263?lang=zh_CN&edition=full","pubTime":"2021-08-06 12:02","market":"us","language":"en","title":"The S&P 500 looks strong — but these ‘internals’ are far less positive<blockquote>标普500看起来很强劲——但这些“内部因素”远没有那么积极</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199377263","media":"MarketWatch","summary":"The S&P 500 index continues to accelerate to the upside. A new all-time closing high was registered ","content":"<p>The S&amp;P 500 index continues to accelerate to the upside. A new all-time closing high was registered on Tuesday. Yet, the “internals” of the market remain in a far worse state. This has been the case for some time (since June 11, at least), and it may continue to be the case for a while longer.</p><p><blockquote>标普500指数继续加速上行。周二创下历史收盘新高。然而，市场的“内部”仍然处于更糟糕的状态。这种情况已经持续了一段时间（至少自6月11日以来），而且这种情况可能会持续一段时间。</blockquote></p><p> But as long as the S&amp;P&nbsp;chart is positive and above support, a “core” long position is recommended.</p><p><blockquote>但只要标普图表为正且高于支撑位，建议建立“核心”多头头寸。</blockquote></p><p> The first support level is now roughly 4370. That was the low on the two most recent days on which SPX sold off and then rebounded – July 27 and Tuesday (yes, the same day that SPX bounced back from that level and then closed at a new all-time high). Since it has been doubly tested, that makes it a viable support level. There is resistance at 4430, the all-time intraday high.</p><p><blockquote>第一支撑位现在大致在4370。这是SPX抛售然后反弹的最近两天的低点——7月27日和周二（是的，同一天SPX从该水平反弹，然后收于历史新高）。由于它已经过双重测试，这使它成为一个可行的支撑位。盘中历史高点4430有阻力。</blockquote></p><p> You can see from the accompanying chart that SPX has been in a rather right trading since July 23 – between 4370 and 4430.</p><p><blockquote>你可以从附图中看到，自7月23日以来，SPX一直处于相当正确的交易状态——在4370到4430之间。</blockquote></p><p> A breakout from that range will be significant. If it were to break to the downside, that would be a negative for the SPX chart. Below there, a major support area exists at 4233, and it would likely be tested quickly after a break below 4370.</p><p><blockquote>突破该范围将具有重要意义。如果它向下突破，这将对SPX图表不利。在此下方，主要支撑区域位于4233点，跌破4370点后可能会很快受到测试。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8fde9899a8fd1227a022dfe59858d4c5\" tg-width=\"699\" tg-height=\"523\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p><p><blockquote><p class=\"t-img-caption\"><span>劳伦斯·麦克米兰</span></p></blockquote></p><p> So the SPX chart is still positive, but there is a McMillan Volatility Band (MVB) sell signal in place (green “S” on chart).</p><p><blockquote>因此，SPX图表仍然是积极的，但有一个麦克米兰波动带（MVB）卖出信号（图表上的绿色“S”）。</blockquote></p><p> Now let’s look at some of the indicators that encompass a larger number of stocks. You will see that they are far less positive. First are the equity-only put-call ratios. These have been rising for a month, meaning they have been on sell signals during that time. Put volume has been heavy, relative to call volume, and that is what is causing these ratios to rise. It looks like there is a slight “wiggle” in the standard ratio’s chart, but the computer analysis programs say that is not significant.</p><p><blockquote>现在让我们看看一些包含大量股票的指标。你会发现他们远没有那么积极。首先是仅股票的看跌看涨期权比率。这些价格已经上涨了一个月，这意味着在此期间它们一直在发出卖出信号。相对于看涨期权交易量，看跌交易量一直很大，这就是导致这些比率上升的原因。看起来标准比率的图表中有轻微的“波动”，但计算机分析程序说这并不显著。</blockquote></p><p> The larger picture here is that as many stocks have been declining, option traders have been buying puts on those stocks, forcing these equity-only put-call ratios higher. As long as the ratios are rising, they will remain on sell signals.</p><p><blockquote>这里更大的情况是，随着许多股票下跌，期权交易者一直在购买这些股票的看跌期权，迫使这些仅股票的看跌期权与看涨期权比率走高。只要比率上升，它们就会保持卖出信号。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87099f2be31d9ce51b1b0c4708a9f046\" tg-width=\"699\" tg-height=\"535\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p><p><blockquote><p class=\"t-img-caption\"><span>劳伦斯·麦克米兰</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6f08da61f702fd9abb483cd1d8f5b4ba\" tg-width=\"700\" tg-height=\"523\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p><p><blockquote><p class=\"t-img-caption\"><span>劳伦斯·麦克米兰</span></p></blockquote></p><p> Market breadth (advances minus declines) has been woeful since mid-June. That is, most stocks are going down, even though SPX is going up. In fact, what is driving this market is a handful of large-cap NASDAQ stocks (the FAANG stocks plus Microsoft are the strongest stocks).</p><p><blockquote>自6月中旬以来，市场广度（上涨减去下跌）一直很糟糕。也就是说，大多数股票都在下跌，尽管SPX在上涨。事实上，推动这个市场的是少数大盘股纳斯达克股票（FAANG股票加上微软是最强的股票）。</blockquote></p><p> Things have improved a little in the last couple of weeks, and so our breadth oscillators are on buy signals, but they are still in negative territory. Normally when SPX is making new all-time highs, the breadth oscillators are will into positive territory, reflecting a strong overall market. But that is not the case now.</p><p><blockquote>过去几周情况有所改善，因此我们的宽度振荡器发出买入信号，但仍处于负值区域。通常情况下，当SPX创下历史新高时，宽度振荡指标将进入正值区域，反映出整体市场强劲。但现在情况并非如此。</blockquote></p><p> Moreover, cumulative breadth (the running total of daily advances minus declines) has not made a new all-time high since June 11. SPX has made a new closing or intraday high on 19 separate trading days since then. That is a huge, negative market divergence, but it alone is not a sell signal. Rather, it is a strong warning to be alert – to avoid complacency.</p><p><blockquote>此外，自6月11日以来，累计广度（每日涨幅减去跌幅）尚未创下历史新高。此后，SPX已连续19个交易日创下收盘或盘中新高。这是一个巨大的负面市场背离，但它本身并不是卖出信号。相反，这是一个强烈的警告，要保持警惕——避免自满。</blockquote></p><p> New 52-week highs on the NYSE continue to lead new 52-week lows. Recently, there have been some isolated days where new lows exceeded new highs using NASDAQ or “stocks only” data, but not when using NYSE data. That means this indicator remains bullish for stocks. It would turn negative if NYSE new lows exceeded new highs and were sufficiently large, but that has not happened.</p><p><blockquote>纽交所52周新高继续领涨52周新低。最近，有一些孤立的日子，使用纳斯达克或“仅股票”数据，新低超过新高，但使用纽约证券交易所数据时则不然。这意味着该指标仍然看涨股市。如果纽交所新低超过新高且足够大，则会转为负值，但这种情况并未发生。</blockquote></p><p> There is a realized volatility sell signal in place, as well. That occurred when the S&amp;P’s 20-day historical volatility first fell below 8% (in mid-June) and then later rose above 11% (in late July).</p><p><blockquote>还有一个已实现的波动性卖出信号。这发生在标准普尔20天历史波动率首先跌破8%（6月中旬），然后升至11%以上（7月下旬）。</blockquote></p><p> Implied volatility, on the other hand, remains in a bullish state, as far the stock market is concerned. The VIX “spike peak” buy signal of July 20 remains in place. Moreover, the VIX 200-day moving average is still declining and is well above the price of VIX.There has been a slow “creep” upward by VIX, from 15 to 19 over the last month, but that doesn’t appear to be a significant change of trend.</p><p><blockquote>另一方面，就股市而言，隐含波动率仍处于看涨状态。7月20日的VIX“峰值”买入信号仍然存在。而且，VIX 200日均线仍在下降，远高于VIX的价格。上个月，VIX指数从15点缓慢“攀升”至19点，但这似乎并不是趋势的重大变化。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e3501a851250cf90d4f08e0152a5d9a9\" tg-width=\"700\" tg-height=\"524\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p><p><blockquote><p class=\"t-img-caption\"><span>劳伦斯·麦克米兰</span></p></blockquote></p><p></p><p> Finally, the construct of volatility derivatives remains positive for the stock market. The VIX futures are trading at a premium to VIX, and the term structures of those VIX futures and the CBOE Volatility Indices slope upward.</p><p><blockquote>最后，波动性衍生品的结构对股市仍然有利。VIX期货的交易价格高于VIX，这些VIX期货和CBOE波动率指数的期限结构向上倾斜。</blockquote></p><p> The SPX chart is still positive. That is the most important fact. Until that changes, a long “core” position is recommended. Around that, one can trade confirmed signals – both buy and sell. A violation of the 4370 area by SPX would change things for the negative, but a breakout to new all-time highs above 4430 would reinforce the bullish case.</p><p><blockquote>SPX图表仍然是积极的。这是最重要的事实。在这种情况发生变化之前，建议持有多头“核心”头寸。围绕这一点，人们可以交易确认的信号——买入和卖出。SPX突破4370区域将改变负面影响，但突破4430以上的历史新高将强化看涨理由。</blockquote></p><p> <b>New recommendation: Conditional SPX sell signal</b></p><p><blockquote><b>新建议：有条件SPX卖出信号</b></blockquote></p><p> Based on the above article, we are going to lay out some parameters regarding taking a bearish position should SPX support be broken:</p><p><blockquote>根据上述文章，我们将列出一些有关在SPX支撑位被突破时采取看跌头寸的参数：</blockquote></p><p> <b>IF SPX trades below 4370 and stays there for an hour,</b></p><p><blockquote><b>如果SPX低于4370并在那里停留一小时，</b></blockquote></p><p> <b>THEN buy 1 SPY Aug (27th) at-the-money put</b></p><p><blockquote><b>然后买入1 SPDR标普500指数ETF 8月（27日）平价看跌期权</b></blockquote></p><p> <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; And sell 1 SPY Aug (27th) put with a striking price 25 points lower.</b></p><p><blockquote><b>并以下跌25点的价格卖出1 SPDR标普500指数ETF 8月（27日）看跌期权。</b></blockquote></p><p> In addition,</p><p><blockquote>此外，</blockquote></p><p> <b>IF SPX closes below 4370,</b></p><p><blockquote><b>如果SPX收盘低于4370，</b></blockquote></p><p> <b>THEN buy another bear spread:</b></p><p><blockquote><b>然后再买一个熊市价差：</b></blockquote></p><p> <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Buy 1 (more) SPY Aug (27th) at-the-money put</b></p><p><blockquote><b>购买1（更多）SPDR标普500指数ETF 8月（27日）平价看跌期权</b></blockquote></p><p> <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; And sell 1 (more) SPY Aug (27th) put with a striking price 25 points lower.</b></p><p><blockquote><b>并以较低25点的价格卖出1（更多）SPDR标普500指数ETF 8月（27日）看跌期权。</b></blockquote></p><p> Note that it is possible that the second condition (close below 4370) could occur without the first condition being satisfied (if SPX breaks below 4370 late in a trading day). If that is the case, then buy 2 of these spreads on the close.</p><p><blockquote>请注意，在没有满足第一个条件的情况下，第二个条件（收盘低于4370）可能会发生（如果SPX在交易日晚些时候跌破4370）。如果是这样的话，那么在收盘时买入2个这样的价差。</blockquote></p><p> Finally, if these spreads are established, stop yourself out of all of these bear spreads on an SPX close above 4430.</p><p><blockquote>最后，如果这些价差成立，请在SPX收盘价高于4430时停止所有这些熊市价差。</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>The S&P 500 looks strong — but these ‘internals’ are far less positive<blockquote>标普500看起来很强劲——但这些“内部因素”远没有那么积极</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe S&P 500 looks strong — but these ‘internals’ are far less positive<blockquote>标普500看起来很强劲——但这些“内部因素”远没有那么积极</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-06 12:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The S&amp;P 500 index continues to accelerate to the upside. A new all-time closing high was registered on Tuesday. Yet, the “internals” of the market remain in a far worse state. This has been the case for some time (since June 11, at least), and it may continue to be the case for a while longer.</p><p><blockquote>标普500指数继续加速上行。周二创下历史收盘新高。然而，市场的“内部”仍然处于更糟糕的状态。这种情况已经持续了一段时间（至少自6月11日以来），而且这种情况可能会持续一段时间。</blockquote></p><p> But as long as the S&amp;P&nbsp;chart is positive and above support, a “core” long position is recommended.</p><p><blockquote>但只要标普图表为正且高于支撑位，建议建立“核心”多头头寸。</blockquote></p><p> The first support level is now roughly 4370. That was the low on the two most recent days on which SPX sold off and then rebounded – July 27 and Tuesday (yes, the same day that SPX bounced back from that level and then closed at a new all-time high). Since it has been doubly tested, that makes it a viable support level. There is resistance at 4430, the all-time intraday high.</p><p><blockquote>第一支撑位现在大致在4370。这是SPX抛售然后反弹的最近两天的低点——7月27日和周二（是的，同一天SPX从该水平反弹，然后收于历史新高）。由于它已经过双重测试，这使它成为一个可行的支撑位。盘中历史高点4430有阻力。</blockquote></p><p> You can see from the accompanying chart that SPX has been in a rather right trading since July 23 – between 4370 and 4430.</p><p><blockquote>你可以从附图中看到，自7月23日以来，SPX一直处于相当正确的交易状态——在4370到4430之间。</blockquote></p><p> A breakout from that range will be significant. If it were to break to the downside, that would be a negative for the SPX chart. Below there, a major support area exists at 4233, and it would likely be tested quickly after a break below 4370.</p><p><blockquote>突破该范围将具有重要意义。如果它向下突破，这将对SPX图表不利。在此下方，主要支撑区域位于4233点，跌破4370点后可能会很快受到测试。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8fde9899a8fd1227a022dfe59858d4c5\" tg-width=\"699\" tg-height=\"523\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p><p><blockquote><p class=\"t-img-caption\"><span>劳伦斯·麦克米兰</span></p></blockquote></p><p> So the SPX chart is still positive, but there is a McMillan Volatility Band (MVB) sell signal in place (green “S” on chart).</p><p><blockquote>因此，SPX图表仍然是积极的，但有一个麦克米兰波动带（MVB）卖出信号（图表上的绿色“S”）。</blockquote></p><p> Now let’s look at some of the indicators that encompass a larger number of stocks. You will see that they are far less positive. First are the equity-only put-call ratios. These have been rising for a month, meaning they have been on sell signals during that time. Put volume has been heavy, relative to call volume, and that is what is causing these ratios to rise. It looks like there is a slight “wiggle” in the standard ratio’s chart, but the computer analysis programs say that is not significant.</p><p><blockquote>现在让我们看看一些包含大量股票的指标。你会发现他们远没有那么积极。首先是仅股票的看跌看涨期权比率。这些价格已经上涨了一个月，这意味着在此期间它们一直在发出卖出信号。相对于看涨期权交易量，看跌交易量一直很大，这就是导致这些比率上升的原因。看起来标准比率的图表中有轻微的“波动”，但计算机分析程序说这并不显著。</blockquote></p><p> The larger picture here is that as many stocks have been declining, option traders have been buying puts on those stocks, forcing these equity-only put-call ratios higher. As long as the ratios are rising, they will remain on sell signals.</p><p><blockquote>这里更大的情况是，随着许多股票下跌，期权交易者一直在购买这些股票的看跌期权，迫使这些仅股票的看跌期权与看涨期权比率走高。只要比率上升，它们就会保持卖出信号。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87099f2be31d9ce51b1b0c4708a9f046\" tg-width=\"699\" tg-height=\"535\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p><p><blockquote><p class=\"t-img-caption\"><span>劳伦斯·麦克米兰</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6f08da61f702fd9abb483cd1d8f5b4ba\" tg-width=\"700\" tg-height=\"523\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p><p><blockquote><p class=\"t-img-caption\"><span>劳伦斯·麦克米兰</span></p></blockquote></p><p> Market breadth (advances minus declines) has been woeful since mid-June. That is, most stocks are going down, even though SPX is going up. In fact, what is driving this market is a handful of large-cap NASDAQ stocks (the FAANG stocks plus Microsoft are the strongest stocks).</p><p><blockquote>自6月中旬以来，市场广度（上涨减去下跌）一直很糟糕。也就是说，大多数股票都在下跌，尽管SPX在上涨。事实上，推动这个市场的是少数大盘股纳斯达克股票（FAANG股票加上微软是最强的股票）。</blockquote></p><p> Things have improved a little in the last couple of weeks, and so our breadth oscillators are on buy signals, but they are still in negative territory. Normally when SPX is making new all-time highs, the breadth oscillators are will into positive territory, reflecting a strong overall market. But that is not the case now.</p><p><blockquote>过去几周情况有所改善，因此我们的宽度振荡器发出买入信号，但仍处于负值区域。通常情况下，当SPX创下历史新高时，宽度振荡指标将进入正值区域，反映出整体市场强劲。但现在情况并非如此。</blockquote></p><p> Moreover, cumulative breadth (the running total of daily advances minus declines) has not made a new all-time high since June 11. SPX has made a new closing or intraday high on 19 separate trading days since then. That is a huge, negative market divergence, but it alone is not a sell signal. Rather, it is a strong warning to be alert – to avoid complacency.</p><p><blockquote>此外，自6月11日以来，累计广度（每日涨幅减去跌幅）尚未创下历史新高。此后，SPX已连续19个交易日创下收盘或盘中新高。这是一个巨大的负面市场背离，但它本身并不是卖出信号。相反，这是一个强烈的警告，要保持警惕——避免自满。</blockquote></p><p> New 52-week highs on the NYSE continue to lead new 52-week lows. Recently, there have been some isolated days where new lows exceeded new highs using NASDAQ or “stocks only” data, but not when using NYSE data. That means this indicator remains bullish for stocks. It would turn negative if NYSE new lows exceeded new highs and were sufficiently large, but that has not happened.</p><p><blockquote>纽交所52周新高继续领涨52周新低。最近，有一些孤立的日子，使用纳斯达克或“仅股票”数据，新低超过新高，但使用纽约证券交易所数据时则不然。这意味着该指标仍然看涨股市。如果纽交所新低超过新高且足够大，则会转为负值，但这种情况并未发生。</blockquote></p><p> There is a realized volatility sell signal in place, as well. That occurred when the S&amp;P’s 20-day historical volatility first fell below 8% (in mid-June) and then later rose above 11% (in late July).</p><p><blockquote>还有一个已实现的波动性卖出信号。这发生在标准普尔20天历史波动率首先跌破8%（6月中旬），然后升至11%以上（7月下旬）。</blockquote></p><p> Implied volatility, on the other hand, remains in a bullish state, as far the stock market is concerned. The VIX “spike peak” buy signal of July 20 remains in place. Moreover, the VIX 200-day moving average is still declining and is well above the price of VIX.There has been a slow “creep” upward by VIX, from 15 to 19 over the last month, but that doesn’t appear to be a significant change of trend.</p><p><blockquote>另一方面，就股市而言，隐含波动率仍处于看涨状态。7月20日的VIX“峰值”买入信号仍然存在。而且，VIX 200日均线仍在下降，远高于VIX的价格。上个月，VIX指数从15点缓慢“攀升”至19点，但这似乎并不是趋势的重大变化。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e3501a851250cf90d4f08e0152a5d9a9\" tg-width=\"700\" tg-height=\"524\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p><p><blockquote><p class=\"t-img-caption\"><span>劳伦斯·麦克米兰</span></p></blockquote></p><p></p><p> Finally, the construct of volatility derivatives remains positive for the stock market. The VIX futures are trading at a premium to VIX, and the term structures of those VIX futures and the CBOE Volatility Indices slope upward.</p><p><blockquote>最后，波动性衍生品的结构对股市仍然有利。VIX期货的交易价格高于VIX，这些VIX期货和CBOE波动率指数的期限结构向上倾斜。</blockquote></p><p> The SPX chart is still positive. That is the most important fact. Until that changes, a long “core” position is recommended. Around that, one can trade confirmed signals – both buy and sell. A violation of the 4370 area by SPX would change things for the negative, but a breakout to new all-time highs above 4430 would reinforce the bullish case.</p><p><blockquote>SPX图表仍然是积极的。这是最重要的事实。在这种情况发生变化之前，建议持有多头“核心”头寸。围绕这一点，人们可以交易确认的信号——买入和卖出。SPX突破4370区域将改变负面影响，但突破4430以上的历史新高将强化看涨理由。</blockquote></p><p> <b>New recommendation: Conditional SPX sell signal</b></p><p><blockquote><b>新建议：有条件SPX卖出信号</b></blockquote></p><p> Based on the above article, we are going to lay out some parameters regarding taking a bearish position should SPX support be broken:</p><p><blockquote>根据上述文章，我们将列出一些有关在SPX支撑位被突破时采取看跌头寸的参数：</blockquote></p><p> <b>IF SPX trades below 4370 and stays there for an hour,</b></p><p><blockquote><b>如果SPX低于4370并在那里停留一小时，</b></blockquote></p><p> <b>THEN buy 1 SPY Aug (27th) at-the-money put</b></p><p><blockquote><b>然后买入1 SPDR标普500指数ETF 8月（27日）平价看跌期权</b></blockquote></p><p> <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; And sell 1 SPY Aug (27th) put with a striking price 25 points lower.</b></p><p><blockquote><b>并以下跌25点的价格卖出1 SPDR标普500指数ETF 8月（27日）看跌期权。</b></blockquote></p><p> In addition,</p><p><blockquote>此外，</blockquote></p><p> <b>IF SPX closes below 4370,</b></p><p><blockquote><b>如果SPX收盘低于4370，</b></blockquote></p><p> <b>THEN buy another bear spread:</b></p><p><blockquote><b>然后再买一个熊市价差：</b></blockquote></p><p> <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Buy 1 (more) SPY Aug (27th) at-the-money put</b></p><p><blockquote><b>购买1（更多）SPDR标普500指数ETF 8月（27日）平价看跌期权</b></blockquote></p><p> <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; And sell 1 (more) SPY Aug (27th) put with a striking price 25 points lower.</b></p><p><blockquote><b>并以较低25点的价格卖出1（更多）SPDR标普500指数ETF 8月（27日）看跌期权。</b></blockquote></p><p> Note that it is possible that the second condition (close below 4370) could occur without the first condition being satisfied (if SPX breaks below 4370 late in a trading day). If that is the case, then buy 2 of these spreads on the close.</p><p><blockquote>请注意，在没有满足第一个条件的情况下，第二个条件（收盘低于4370）可能会发生（如果SPX在交易日晚些时候跌破4370）。如果是这样的话，那么在收盘时买入2个这样的价差。</blockquote></p><p> Finally, if these spreads are established, stop yourself out of all of these bear spreads on an SPX close above 4430.</p><p><blockquote>最后，如果这些价差成立，请在SPX收盘价高于4430时停止所有这些熊市价差。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/the-s-p-500-looks-strong-but-these-internals-are-far-less-positive-01628176855?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":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/the-s-p-500-looks-strong-but-these-internals-are-far-less-positive-01628176855?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199377263","content_text":"The S&P 500 index continues to accelerate to the upside. A new all-time closing high was registered on Tuesday. Yet, the “internals” of the market remain in a far worse state. This has been the case for some time (since June 11, at least), and it may continue to be the case for a while longer.\nBut as long as the S&P chart is positive and above support, a “core” long position is recommended.\nThe first support level is now roughly 4370. That was the low on the two most recent days on which SPX sold off and then rebounded – July 27 and Tuesday (yes, the same day that SPX bounced back from that level and then closed at a new all-time high). Since it has been doubly tested, that makes it a viable support level. There is resistance at 4430, the all-time intraday high.\nYou can see from the accompanying chart that SPX has been in a rather right trading since July 23 – between 4370 and 4430.\nA breakout from that range will be significant. If it were to break to the downside, that would be a negative for the SPX chart. Below there, a major support area exists at 4233, and it would likely be tested quickly after a break below 4370.\nLAWRENCE MCMILLAN\nSo the SPX chart is still positive, but there is a McMillan Volatility Band (MVB) sell signal in place (green “S” on chart).\nNow let’s look at some of the indicators that encompass a larger number of stocks. You will see that they are far less positive. First are the equity-only put-call ratios. These have been rising for a month, meaning they have been on sell signals during that time. Put volume has been heavy, relative to call volume, and that is what is causing these ratios to rise. It looks like there is a slight “wiggle” in the standard ratio’s chart, but the computer analysis programs say that is not significant.\nThe larger picture here is that as many stocks have been declining, option traders have been buying puts on those stocks, forcing these equity-only put-call ratios higher. As long as the ratios are rising, they will remain on sell signals.\nLAWRENCE MCMILLAN\nLAWRENCE MCMILLAN\nMarket breadth (advances minus declines) has been woeful since mid-June. That is, most stocks are going down, even though SPX is going up. In fact, what is driving this market is a handful of large-cap NASDAQ stocks (the FAANG stocks plus Microsoft are the strongest stocks).\nThings have improved a little in the last couple of weeks, and so our breadth oscillators are on buy signals, but they are still in negative territory. Normally when SPX is making new all-time highs, the breadth oscillators are will into positive territory, reflecting a strong overall market. But that is not the case now.\nMoreover, cumulative breadth (the running total of daily advances minus declines) has not made a new all-time high since June 11. SPX has made a new closing or intraday high on 19 separate trading days since then. That is a huge, negative market divergence, but it alone is not a sell signal. Rather, it is a strong warning to be alert – to avoid complacency.\nNew 52-week highs on the NYSE continue to lead new 52-week lows. Recently, there have been some isolated days where new lows exceeded new highs using NASDAQ or “stocks only” data, but not when using NYSE data. That means this indicator remains bullish for stocks. It would turn negative if NYSE new lows exceeded new highs and were sufficiently large, but that has not happened.\nThere is a realized volatility sell signal in place, as well. That occurred when the S&P’s 20-day historical volatility first fell below 8% (in mid-June) and then later rose above 11% (in late July).\nImplied volatility, on the other hand, remains in a bullish state, as far the stock market is concerned. The VIX “spike peak” buy signal of July 20 remains in place. Moreover, the VIX 200-day moving average is still declining and is well above the price of VIX.There has been a slow “creep” upward by VIX, from 15 to 19 over the last month, but that doesn’t appear to be a significant change of trend.\nLAWRENCE MCMILLAN\nFinally, the construct of volatility derivatives remains positive for the stock market. The VIX futures are trading at a premium to VIX, and the term structures of those VIX futures and the CBOE Volatility Indices slope upward.\nThe SPX chart is still positive. That is the most important fact. Until that changes, a long “core” position is recommended. Around that, one can trade confirmed signals – both buy and sell. A violation of the 4370 area by SPX would change things for the negative, but a breakout to new all-time highs above 4430 would reinforce the bullish case.\nNew recommendation: Conditional SPX sell signal\nBased on the above article, we are going to lay out some parameters regarding taking a bearish position should SPX support be broken:\nIF SPX trades below 4370 and stays there for an hour,\nTHEN buy 1 SPY Aug (27th) at-the-money put\n            And sell 1 SPY Aug (27th) put with a striking price 25 points lower.\nIn addition,\nIF SPX closes below 4370,\nTHEN buy another bear spread:\n            Buy 1 (more) SPY Aug (27th) at-the-money put\n            And sell 1 (more) SPY Aug (27th) put with a striking price 25 points lower.\nNote that it is possible that the second condition (close below 4370) could occur without the first condition being satisfied (if SPX breaks below 4370 late in a trading day). If that is the case, then buy 2 of these spreads on the close.\nFinally, if these spreads are established, stop yourself out of all of these bear spreads on an SPX close above 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comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/192430871","repostId":"2136980120","repostType":4,"isVote":1,"tweetType":1,"viewCount":737,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830412326,"gmtCreate":1629089170165,"gmtModify":1631890785967,"author":{"id":"3576734182904550","authorId":"3576734182904550","name":"Jamessss","avatar":"https://static.tigerbbs.com/6c712eae8eccf0013cc7d0e594915c60","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576734182904550","authorIdStr":"3576734182904550"},"themes":[],"htmlText":"J","listText":"J","text":"J","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/830412326","repostId":"1129589874","repostType":4,"repost":{"id":"1129589874","kind":"news","pubTimestamp":1629067868,"share":"https://www.laohu8.com/m/news/1129589874?lang=zh_CN&edition=full","pubTime":"2021-08-16 06:51","market":"us","language":"en","title":"Nvidia, Tencent,Walmart, Target and Other Stocks to Watch This Week<blockquote>英伟达、腾讯控股、沃尔玛、塔吉特等本周值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129589874","media":"Barrons","summary":"It’s the late innings of second-quarter earnings season, with retailers ready to step up to the plate. Walmart and Home Depot report on Tuesday, followed by Lowe’s, Target, and TJX on Wednesday. Kohl’s, Macy’s, BJ’s Wholesale, and L Brands are Thursday’s retail highlights, then Foot Locker closes the week on Friday.The Census Bureau’s July retail sales data for July is also out this week, on Tuesday. Economists on average are forecasting a 0.2% seasonally adjusted increase last month, after a 0.","content":"<p>It’s the late innings of second-quarter earnings season, with retailers ready to step up to the plate. Walmart and Home Depot report on Tuesday, followed by Lowe’s, Target, and TJX on Wednesday.&nbsp;Kohl’s, Macy’s, BJ’s Wholesale, and L Brands are Thursday’s retail highlights, then Foot Locker closes the week on Friday.</p><p><blockquote>现在是第二季度财报季的最后几局，零售商已准备好采取行动。沃尔玛和家得宝周二发布报告，劳氏、塔吉特和TJX周三紧随其后。美国柯尔百货公司、梅西百货、BJ批发和L品牌是周四的零售亮点，然后Foot Locker将于周五结束本周。</blockquote></p><p> The Census Bureau’s July retail sales data for July is also out this week, on Tuesday. Economists on average are forecasting a&nbsp;0.2% seasonally adjusted increase last month, after a 0.6% rise in June.</p><p><blockquote>人口普查局7月份零售销售数据也将于本周周二公布。经济学家平均预测，上个月经季节性调整后的增长率为0。</blockquote></p><p> Major non-retail companies releasing results this week include Pandora and&nbsp;Krispy Kreme&nbsp;on Tuesday, followed by a busy Wednesday:Nvidia,Tencent Holdings,CiscoSystems,Analog Devices,and&nbsp;Lumentum Holdings&nbsp;all report.Applied Materials&nbsp;goes on Thursday and Deere closes the week on Friday.</p><p><blockquote>本周发布业绩的主要非零售公司包括周二发布业绩的Pandora和Krispy Kreme，随后是繁忙的周三：Nvidia、腾讯控股控股公司、思科系统公司、Analog Devices和Lumentum Holdings均发布业绩。应用材料公司周四公布业绩，Deere公司本周收盘周五。</blockquote></p><p> Economic data out this week include several housing-market metrics:&nbsp;The National Association of Home Builders’ NAHB/Wells Fargo Housing Market Index for August on Tuesday and the Census Bureau’s new residential construction report for July on Wednesday.</p><p><blockquote>本周公布的经济数据包括几项房地产市场指标：周二公布的全国住宅建筑商协会8月份NAHB/富国银行住房市场指数，以及周三公布的人口普查局7月份新住宅建设报告。</blockquote></p><p> Also on Wednesday, the&nbsp;Federal Reserve’s monetary policy committee releases the minutes from its last meeting in late July. Then, the&nbsp;Conference Board publishes its Leading Economic Index for July on Thursday.</p><p><blockquote>同样在周三，美联储货币政策委员会公布了7月底上次会议的纪要。然后，世界大型企业联合会将于周四公布7月份领先经济指数。</blockquote></p><p> <b>Monday 8/16</b></p><p><blockquote><b>星期一8/16</b></blockquote></p><p> Tencent Music Entertainment Group,Tokyo Electron,and&nbsp;Clear Secure&nbsp;are among the companies holding earnings conference calls.</p><p><blockquote>腾讯控股音乐娱乐集团、Tokyo Electron和Clear Secure等公司在评级举行财报会议。</blockquote></p><p> <b>The Federal Reserve</b>&nbsp;Bank of New York releases its Empire State Manufacturing Survey for August. The consensus estimate is for a 26.5 reading. That compares with a record high of 43.0 in July, when the general business conditions index rose 26 points.</p><p><blockquote><b>美联储</b>纽约银行发布八月份帝国州制造业调查。普遍估计读数为26.5。相比之下，7月份的历史新高为43.0，当时总体商业状况指数上涨了26点。</blockquote></p><p> <b>Tuesday 8/17</b></p><p><blockquote><b>星期二8/17</b></blockquote></p><p> BHP, Walmart, Home Depot,Agilent Technologies,Pandora, and Krispy Kreme are among the companies hosting earnings conference calls.</p><p><blockquote>必和必拓、沃尔玛、家得宝、安捷伦科技、Pandora和Krispy Kreme等公司在评级举办财报会议。</blockquote></p><p> America’s Car-Mart,Jack Henry &amp; Associates,and&nbsp;La-Z-Boy&nbsp;report financial results after the market closes and will hold earnings calls the following morning, Aug. 18.</p><p><blockquote>America's Car-Mart、Jack Henry&amp;Associates和La-Z-Boy在收盘后报告财务业绩，并将于第二天（8月18日）上午举行收益评级。</blockquote></p><p> <b>The Federal Reserve</b>&nbsp;releases capacity utilization in the industrial sector for July. Consensus calls for a 75.7% reading, little changed from June’s 75.4% reading. Industrial production is seen rising 0.5% from June’s 0.4% seasonally adjusted increase.</p><p><blockquote><b>美联储</b>发布7月工业部门产能利用率。评级共识为75.7%，与6月份的75.4%几乎没有变化。工业生产预计将比6月份经季节调整后的0.4%增长0.5%。</blockquote></p><p> <b>The National Association</b>&nbsp;of Home Builders releases its NAHB/Wells Fargo Housing Market Index for August. Economists forecast an 80 reading, the same as in July. The index is down from its all-time high of 90 set in November.</p><p><blockquote><b>全国协会</b>房屋建筑商协会发布了8月份NAHB/富国银行住房市场指数。经济学家预测读数为80，与7月份相同。该指数较11月份创下的历史高点90有所回落。</blockquote></p><p> <b>Federal Reserve Board</b>&nbsp;Chairman Jay Powell will host a virtual town hall with educators and students.</p><p><blockquote><b>联邦储备委员会</b>主席杰伊·鲍威尔将与教育工作者和学生一起主持一个虚拟市政厅。</blockquote></p><p> <b>The Census Bureau reports</b>&nbsp;retail sales data for July. Expectations are for a 0.3% seasonally adjusted month-over-month decrease, following a 0.6% rise in June. Excluding autos, spending is seen rising 0.2%, compared with a 1.3% rise in the previous month.</p><p><blockquote><b>人口普查局报告</b>7月零售销售数据。继6月份上涨0.6%后，预计经季节调整后环比下降0.3%。不包括汽车在内，支出预计将增长0.2%，而上个月为增长1.3%。</blockquote></p><p> <b>Wednesday 8/18</b></p><p><blockquote><b>星期三8/18</b></blockquote></p><p> <b>The Federal Open Market</b>&nbsp;Committee releases the minutes from its late-July monetary-policy meeting.</p><p><blockquote><b>联邦公开市场</b>委员会公布了7月底货币政策会议的纪要。</blockquote></p><p> Cisco Systems, Lowe’s, Target, TJX, Tencent Holdings,Brinker International,Analog Devices,Synopsys,Lumentum Holdings, and Nvidia host earnings conference calls.</p><p><blockquote>思科系统、劳氏、塔吉特、TJX、腾讯控股控股、Brinker International、Analog Devices、Synopsys、Lumentum Holdings和Nvidia在评级举办财报会议。</blockquote></p><p> <b>The Census Bureau’s</b>new residential construction report for July is expected to show the seasonally adjusted annual rate of housing starts at 1.610 million, down from June’s 1.643 million. Housing starts hit a postpandemic peak of 1.73 million in March.</p><p><blockquote><b>人口普查局的</b>7月份新住宅建设报告预计显示，经季节调整后的新屋开工年率为161.0万套，低于6月份的164.3万套。3月份新屋开工量达到173万套的疫情后峰值。</blockquote></p><p> <b>Thursday 8/19</b></p><p><blockquote><b>星期四8/19</b></blockquote></p><p> BJ’s Wholesale,<b>L Brands</b>, Applied Materials,Ross Stores,Estée Lauder,Kohl’s, Macy’s,Performance Food Group,Petco Health and Wellness,and Farfetch host earnings conference calls.</p><p><blockquote>BJ的批发，<b>L品牌</b>、Applied Materials、Ross Stores、雅诗兰黛、Kohl's、Macy's、Performance Food Group、Petco Health and Wellness和Farfetch将在评级举办财报会议。</blockquote></p><p> <b>The Conference Board</b>releases its Leading Economic Index for July. The LEI is expected to increase 0.7% month over month, after gaining 0.7% in June.</p><p><blockquote><b>世界大型企业联合会</b>发布7月份领先经济指数。继6月份上涨0.7%后，LEI预计将环比上涨0.7%。</blockquote></p><p> <b>Friday 8/20</b></p><p><blockquote><b>星期五8/20</b></blockquote></p><p> Deere and Foot Locker host conference calls to discuss financial results.</p><p><blockquote>Deere和Foot Locker在评级主办会议讨论财务业绩。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia, Tencent,Walmart, Target and Other Stocks to Watch This Week<blockquote>英伟达、腾讯控股、沃尔玛、塔吉特等本周值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia, Tencent,Walmart, Target and Other Stocks to Watch This Week<blockquote>英伟达、腾讯控股、沃尔玛、塔吉特等本周值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-08-16 06:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It’s the late innings of second-quarter earnings season, with retailers ready to step up to the plate. Walmart and Home Depot report on Tuesday, followed by Lowe’s, Target, and TJX on Wednesday.&nbsp;Kohl’s, Macy’s, BJ’s Wholesale, and L Brands are Thursday’s retail highlights, then Foot Locker closes the week on Friday.</p><p><blockquote>现在是第二季度财报季的最后几局，零售商已准备好采取行动。沃尔玛和家得宝周二发布报告，劳氏、塔吉特和TJX周三紧随其后。美国柯尔百货公司、梅西百货、BJ批发和L品牌是周四的零售亮点，然后Foot Locker将于周五结束本周。</blockquote></p><p> The Census Bureau’s July retail sales data for July is also out this week, on Tuesday. Economists on average are forecasting a&nbsp;0.2% seasonally adjusted increase last month, after a 0.6% rise in June.</p><p><blockquote>人口普查局7月份零售销售数据也将于本周周二公布。经济学家平均预测，上个月经季节性调整后的增长率为0。</blockquote></p><p> Major non-retail companies releasing results this week include Pandora and&nbsp;Krispy Kreme&nbsp;on Tuesday, followed by a busy Wednesday:Nvidia,Tencent Holdings,CiscoSystems,Analog Devices,and&nbsp;Lumentum Holdings&nbsp;all report.Applied Materials&nbsp;goes on Thursday and Deere closes the week on Friday.</p><p><blockquote>本周发布业绩的主要非零售公司包括周二发布业绩的Pandora和Krispy Kreme，随后是繁忙的周三：Nvidia、腾讯控股控股公司、思科系统公司、Analog Devices和Lumentum Holdings均发布业绩。应用材料公司周四公布业绩，Deere公司本周收盘周五。</blockquote></p><p> Economic data out this week include several housing-market metrics:&nbsp;The National Association of Home Builders’ NAHB/Wells Fargo Housing Market Index for August on Tuesday and the Census Bureau’s new residential construction report for July on Wednesday.</p><p><blockquote>本周公布的经济数据包括几项房地产市场指标：周二公布的全国住宅建筑商协会8月份NAHB/富国银行住房市场指数，以及周三公布的人口普查局7月份新住宅建设报告。</blockquote></p><p> Also on Wednesday, the&nbsp;Federal Reserve’s monetary policy committee releases the minutes from its last meeting in late July. Then, the&nbsp;Conference Board publishes its Leading Economic Index for July on Thursday.</p><p><blockquote>同样在周三，美联储货币政策委员会公布了7月底上次会议的纪要。然后，世界大型企业联合会将于周四公布7月份领先经济指数。</blockquote></p><p> <b>Monday 8/16</b></p><p><blockquote><b>星期一8/16</b></blockquote></p><p> Tencent Music Entertainment Group,Tokyo Electron,and&nbsp;Clear Secure&nbsp;are among the companies holding earnings conference calls.</p><p><blockquote>腾讯控股音乐娱乐集团、Tokyo Electron和Clear Secure等公司在评级举行财报会议。</blockquote></p><p> <b>The Federal Reserve</b>&nbsp;Bank of New York releases its Empire State Manufacturing Survey for August. The consensus estimate is for a 26.5 reading. That compares with a record high of 43.0 in July, when the general business conditions index rose 26 points.</p><p><blockquote><b>美联储</b>纽约银行发布八月份帝国州制造业调查。普遍估计读数为26.5。相比之下，7月份的历史新高为43.0，当时总体商业状况指数上涨了26点。</blockquote></p><p> <b>Tuesday 8/17</b></p><p><blockquote><b>星期二8/17</b></blockquote></p><p> BHP, Walmart, Home Depot,Agilent Technologies,Pandora, and Krispy Kreme are among the companies hosting earnings conference calls.</p><p><blockquote>必和必拓、沃尔玛、家得宝、安捷伦科技、Pandora和Krispy Kreme等公司在评级举办财报会议。</blockquote></p><p> America’s Car-Mart,Jack Henry &amp; Associates,and&nbsp;La-Z-Boy&nbsp;report financial results after the market closes and will hold earnings calls the following morning, Aug. 18.</p><p><blockquote>America's Car-Mart、Jack Henry&amp;Associates和La-Z-Boy在收盘后报告财务业绩，并将于第二天（8月18日）上午举行收益评级。</blockquote></p><p> <b>The Federal Reserve</b>&nbsp;releases capacity utilization in the industrial sector for July. Consensus calls for a 75.7% reading, little changed from June’s 75.4% reading. Industrial production is seen rising 0.5% from June’s 0.4% seasonally adjusted increase.</p><p><blockquote><b>美联储</b>发布7月工业部门产能利用率。评级共识为75.7%，与6月份的75.4%几乎没有变化。工业生产预计将比6月份经季节调整后的0.4%增长0.5%。</blockquote></p><p> <b>The National Association</b>&nbsp;of Home Builders releases its NAHB/Wells Fargo Housing Market Index for August. Economists forecast an 80 reading, the same as in July. The index is down from its all-time high of 90 set in November.</p><p><blockquote><b>全国协会</b>房屋建筑商协会发布了8月份NAHB/富国银行住房市场指数。经济学家预测读数为80，与7月份相同。该指数较11月份创下的历史高点90有所回落。</blockquote></p><p> <b>Federal Reserve Board</b>&nbsp;Chairman Jay Powell will host a virtual town hall with educators and students.</p><p><blockquote><b>联邦储备委员会</b>主席杰伊·鲍威尔将与教育工作者和学生一起主持一个虚拟市政厅。</blockquote></p><p> <b>The Census Bureau reports</b>&nbsp;retail sales data for July. Expectations are for a 0.3% seasonally adjusted month-over-month decrease, following a 0.6% rise in June. Excluding autos, spending is seen rising 0.2%, compared with a 1.3% rise in the previous month.</p><p><blockquote><b>人口普查局报告</b>7月零售销售数据。继6月份上涨0.6%后，预计经季节调整后环比下降0.3%。不包括汽车在内，支出预计将增长0.2%，而上个月为增长1.3%。</blockquote></p><p> <b>Wednesday 8/18</b></p><p><blockquote><b>星期三8/18</b></blockquote></p><p> <b>The Federal Open Market</b>&nbsp;Committee releases the minutes from its late-July monetary-policy meeting.</p><p><blockquote><b>联邦公开市场</b>委员会公布了7月底货币政策会议的纪要。</blockquote></p><p> Cisco Systems, Lowe’s, Target, TJX, Tencent Holdings,Brinker International,Analog Devices,Synopsys,Lumentum Holdings, and Nvidia host earnings conference calls.</p><p><blockquote>思科系统、劳氏、塔吉特、TJX、腾讯控股控股、Brinker International、Analog Devices、Synopsys、Lumentum Holdings和Nvidia在评级举办财报会议。</blockquote></p><p> <b>The Census Bureau’s</b>new residential construction report for July is expected to show the seasonally adjusted annual rate of housing starts at 1.610 million, down from June’s 1.643 million. Housing starts hit a postpandemic peak of 1.73 million in March.</p><p><blockquote><b>人口普查局的</b>7月份新住宅建设报告预计显示，经季节调整后的新屋开工年率为161.0万套，低于6月份的164.3万套。3月份新屋开工量达到173万套的疫情后峰值。</blockquote></p><p> <b>Thursday 8/19</b></p><p><blockquote><b>星期四8/19</b></blockquote></p><p> BJ’s Wholesale,<b>L Brands</b>, Applied Materials,Ross Stores,Estée Lauder,Kohl’s, Macy’s,Performance Food Group,Petco Health and Wellness,and Farfetch host earnings conference calls.</p><p><blockquote>BJ的批发，<b>L品牌</b>、Applied Materials、Ross Stores、雅诗兰黛、Kohl's、Macy's、Performance Food Group、Petco Health and Wellness和Farfetch将在评级举办财报会议。</blockquote></p><p> <b>The Conference Board</b>releases its Leading Economic Index for July. The LEI is expected to increase 0.7% month over month, after gaining 0.7% in June.</p><p><blockquote><b>世界大型企业联合会</b>发布7月份领先经济指数。继6月份上涨0.7%后，LEI预计将环比上涨0.7%。</blockquote></p><p> <b>Friday 8/20</b></p><p><blockquote><b>星期五8/20</b></blockquote></p><p> Deere and Foot Locker host conference calls to discuss financial results.</p><p><blockquote>Deere和Foot Locker在评级主办会议讨论财务业绩。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/stocks-to-watch-this-week-51629054047?mod=hp_LEAD_2\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","TME":"腾讯音乐","NVDA":"英伟达","TGT":"塔吉特","WMT":"沃尔玛"},"source_url":"https://www.barrons.com/articles/stocks-to-watch-this-week-51629054047?mod=hp_LEAD_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129589874","content_text":"It’s the late innings of second-quarter earnings season, with retailers ready to step up to the plate. Walmart and Home Depot report on Tuesday, followed by Lowe’s, Target, and TJX on Wednesday. Kohl’s, Macy’s, BJ’s Wholesale, and L Brands are Thursday’s retail highlights, then Foot Locker closes the week on Friday.\nThe Census Bureau’s July retail sales data for July is also out this week, on Tuesday. Economists on average are forecasting a 0.2% seasonally adjusted increase last month, after a 0.6% rise in June.\nMajor non-retail companies releasing results this week include Pandora and Krispy Kreme on Tuesday, followed by a busy Wednesday:Nvidia,Tencent Holdings,CiscoSystems,Analog Devices,and Lumentum Holdings all report.Applied Materials goes on Thursday and Deere closes the week on Friday.\nEconomic data out this week include several housing-market metrics: The National Association of Home Builders’ NAHB/Wells Fargo Housing Market Index for August on Tuesday and the Census Bureau’s new residential construction report for July on Wednesday.\nAlso on Wednesday, the Federal Reserve’s monetary policy committee releases the minutes from its last meeting in late July. Then, the Conference Board publishes its Leading Economic Index for July on Thursday.\nMonday 8/16\nTencent Music Entertainment Group,Tokyo Electron,and Clear Secure are among the companies holding earnings conference calls.\nThe Federal Reserve Bank of New York releases its Empire State Manufacturing Survey for August. The consensus estimate is for a 26.5 reading. That compares with a record high of 43.0 in July, when the general business conditions index rose 26 points.\nTuesday 8/17\nBHP, Walmart, Home Depot,Agilent Technologies,Pandora, and Krispy Kreme are among the companies hosting earnings conference calls.\nAmerica’s Car-Mart,Jack Henry & Associates,and La-Z-Boy report financial results after the market closes and will hold earnings calls the following morning, Aug. 18.\nThe Federal Reserve releases capacity utilization in the industrial sector for July. Consensus calls for a 75.7% reading, little changed from June’s 75.4% reading. Industrial production is seen rising 0.5% from June’s 0.4% seasonally adjusted increase.\nThe National Association of Home Builders releases its NAHB/Wells Fargo Housing Market Index for August. Economists forecast an 80 reading, the same as in July. The index is down from its all-time high of 90 set in November.\nFederal Reserve Board Chairman Jay Powell will host a virtual town hall with educators and students.\nThe Census Bureau reports retail sales data for July. Expectations are for a 0.3% seasonally adjusted month-over-month decrease, following a 0.6% rise in June. Excluding autos, spending is seen rising 0.2%, compared with a 1.3% rise in the previous month.\nWednesday 8/18\nThe Federal Open Market Committee releases the minutes from its late-July monetary-policy meeting.\nCisco Systems, Lowe’s, Target, TJX, Tencent Holdings,Brinker International,Analog Devices,Synopsys,Lumentum Holdings, and Nvidia host earnings conference calls.\nThe Census Bureau’snew residential construction report for July is expected to show the seasonally adjusted annual rate of housing starts at 1.610 million, down from June’s 1.643 million. Housing starts hit a postpandemic peak of 1.73 million in March.\nThursday 8/19\nBJ’s Wholesale,L Brands, Applied Materials,Ross Stores,Estée Lauder,Kohl’s, Macy’s,Performance Food Group,Petco Health and Wellness,and Farfetch host earnings conference calls.\nThe Conference Boardreleases its Leading Economic Index for July. The LEI is expected to increase 0.7% month over month, after gaining 0.7% in June.\nFriday 8/20\nDeere and Foot Locker host conference calls to discuss financial results.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,"TME":0.9,"NVDA":0.9,".DJI":0.9,"TGT":0.9,"WMT":0.9}},"isVote":1,"tweetType":1,"viewCount":3758,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}