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Joycelinsng
2021-07-13
[Miser] [Miser] [Miser]
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Joycelinsng
2021-06-27
[Smile]
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Joycelinsng
2021-06-08
Promising stock to hold
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Joycelinsng
2021-07-01
[Miser] [Miser] [Miser]
The S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.<blockquote>标普500取得了自互联网泡沫以来第二好的上半年成绩。接下来会发生什么。</blockquote>
Joycelinsng
2021-04-13
Pls help to like!
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Joycelinsng
2021-07-06
[OMG]
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Joycelinsng
2021-05-03
Please like thank you!
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Joycelinsng
2021-04-20
Please help to like!
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Joycelinsng
2021-04-13
Yes!
3 High-Yield Dividend Stocks That'll Help You Crush Inflation<blockquote>3只高收益股息股票将帮助您抑制通胀</blockquote>
Joycelinsng
2021-04-08
Its dangerous buying meme stocks
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Joycelinsng
2021-04-25
Pls like thank u!
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Joycelinsng
2021-04-16
Please likw
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Joycelinsng
2021-05-05
Hi
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Joycelinsng
2021-09-28
Hold
Is Lululemon Stock A Buy Or Sell After Q2 Earnings? Key Risk Is Lower-Than-Expected Profitability<blockquote>第二季度财报公布后,Lululemon股票是买入还是卖出?主要风险是盈利能力低于预期</blockquote>
Joycelinsng
2021-04-16
Movies too!
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Joycelinsng
2021-06-26
[Miser]
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Joycelinsng
2021-06-05
What does this even mean?
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Joycelinsng
2021-05-04
Hold ur horses
Stocks decline after a solid start to May, tech shares lead losses<blockquote>股市在五月强劲开局后下跌,科技股领跌</blockquote>
Joycelinsng
2021-04-28
Pleaae help to like thank u!
Toplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote>
Joycelinsng
2021-04-23
News that coin base might be delisting
Coinbase fell 2% in pre-market<blockquote>Coinbase盘前跌2%</blockquote>
去老虎APP查看更多动态
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,"htmlText":"Hold","listText":"Hold","text":"Hold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/866715620","repostId":"1139296336","repostType":2,"repost":{"id":"1139296336","kind":"news","pubTimestamp":1631871404,"share":"https://www.laohu8.com/m/news/1139296336?lang=zh_CN&edition=full","pubTime":"2021-09-17 17:36","market":"us","language":"en","title":"Is Lululemon Stock A Buy Or Sell After Q2 Earnings? Key Risk Is Lower-Than-Expected Profitability<blockquote>第二季度财报公布后,Lululemon股票是买入还是卖出?主要风险是盈利能力低于预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139296336","media":"Seeking Alpha","summary":"Summary\n\nLululemon's share price has done much better than the key benchmark stock indices in the pa","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Lululemon's share price has done much better than the key benchmark stock indices in the past few months, as a result of better-than-expected financial performance in 1H 2021.</li> <li>LULU achieved strong top line and bottom line growth in Q2 2021 which also beat market expectations, but lower-than-expected profitability for the company going forward is a key downside risk.</li> <li>I see Lululemon stock as Hold after Q2 earnings, as its valuations are expensive, and an earnings miss in the future could de-rate its shares.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c5831fd8e2c9cd8844c973c0f757a56\" tg-width=\"1536\" tg-height=\"1022\" width=\"100%\" height=\"auto\"><span>jentakespictures/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>由于2021年上半年的财务业绩好于预期,Lululemon的股价在过去几个月的表现远好于主要基准股指。</li><li>LULU在2021年第二季度实现了强劲的营收和利润增长,也超出了市场预期,但公司未来盈利能力低于预期是一个关键的下行风险。</li><li>我认为Lululemon股票在第二季度财报公布后应持有,因为其估值昂贵,未来盈利未达标可能会降低其股票评级。</li></ul><p class=\"t-img-caption\"><span>jentakespictures/iStock社论来自Getty Images</span></p></blockquote></p><p> <b>Elevator Pitch</b></p><p><blockquote><b>电梯间俯仰</b></blockquote></p><p> I assign a Neutral rating to Lululemon Athletica Inc (LULU).</p><p><blockquote>我对Lululemon Athletica Inc(LULU)给予中性评级。</blockquote></p><p> Lululemon has delivered significant stock price outperformance as compared to the major benchmark stock indices in the last couple of months, and the stock's current valuations are not that appealing following its recent share price run. Larger-than-expected investments in the near future, an unfavorable sales mix with the introduction of new footwear products next year, and potential supply chain disruptions could be a potential drag on LULU's forward earnings.</p><p><blockquote>过去几个月,与主要基准股指相比,Lululemon的股价表现显着优于主要基准股指,而在最近的股价上涨之后,该股目前的估值并没有那么有吸引力。近期超出预期的投资、明年推出新鞋类产品带来的不利销售组合以及潜在的供应链中断可能会拖累LULU的预期收益。</blockquote></p><p> My rating for Lululemon is a Hold or Neutral. On one hand, I am positive on LULU's better-than-expected Q2 results and its long-term growth prospects. On the flip side, LULU's premium valuations and recent share price run have priced in the near-term positives for the company, while there are downside risks relating to its future earnings outlook.</p><p><blockquote>我对Lululemon的评级是持有或中性。一方面,我对LULU好于预期的第二季度业绩及其长期增长前景持乐观态度。另一方面,LULU的溢价估值和近期股价上涨已经反映了该公司近期的积极因素,同时其未来盈利前景也存在下行风险。</blockquote></p><p> <b>Company Description</b></p><p><blockquote><b>公司简介</b></blockquote></p><p> In its press releases, Lululemon Athletica Inc refers to itself as \"a healthy lifestyle inspired athletic apparel company for yoga, running, training, and most other sweaty pursuits\". LULU was established in 1998, and the company's shares were listed on the Nasdaq in 2007.</p><p><blockquote>在其新闻稿中,Lululemon Athletica Inc将自己称为“一家受健康生活方式启发的运动服装公司,提供瑜伽、跑步、训练和大多数其他出汗活动”。露露成立于1998年,公司股票于2007年在纳斯达克上市。</blockquote></p><p> As of August 1, 2021, Lululemon boasted a network of 534 storesthat are located in 17 different markets. LULU generated 69%, 14% and 17%of the company's revenue from the US, Canada and international markets, respectively in the first half of FY 2021. The company-operated stores, the direct-to-consumer business, and others contributed 46%, 43% and 11% of its 1H 2021 sales, respectively. In the company's most recent 10-Q filing, Lululemon Athletica defines the others business segment as \"outlets, temporary locations, sales to wholesale accounts, license and supply arrangements, and MIRROR (home gym business acquired in2020).\"</p><p><blockquote>截至2021年8月1日,Lululemon拥有位于17个不同市场的534家门店网络。2021财年上半年,LULU来自美国、加拿大和国际市场的收入分别占公司收入的69%、14%和17%。公司经营的商店、直接面向消费者的业务和其他业务分别贡献了其2021年上半年销售额的46%、43%和11%。在该公司最新的10-Q文件中,Lululemon Athletica将其他业务部门定义为“门店、临时地点、批发账户销售、许可和供应安排以及MIRROR(2020年收购的家庭健身房业务)”。</blockquote></p><p> <b>Lululemon Stock Price</b></p><p><blockquote><b>露露柠檬股价</b></blockquote></p><p> Lululemon's stock price increased by +20.4% and +32.8% in the year-to-date and past one-year time periods, respectively which tracked the performance of the S&P 500 and the Nasdaq Composite very closely. However, LULU started to outperform the key benchmark stock indices in the last couple of months. In the past six months, Lululemon's share price rose by+33.3%, while the Nasdaq Composite and S&P 500 were only up in the low-teens percentages over the same period. In the last three months, LULU's shares went up by +25.0%, as compared to the +7.7% and +5.5% increases for the Nasdaq Composite and S&P 500, respectively during the same time.</p><p><blockquote>Lululemon的股价今年迄今和过去一年分别上涨了+20.4%和+32.8%,非常密切地跟踪了标普500和纳斯达克综合指数的表现。然而,LULU在过去几个月开始跑赢主要基准股指。在过去的六个月里,Lululemon的股价上涨了33.3%,而同期纳斯达克综合指数和标普500指数的涨幅仅在十几岁左右。在过去三个月中,LULU的股价上涨了+25.0%,而同期纳斯达克综合指数和标普500分别上涨了+7.7%和+5.5%。</blockquote></p><p> LULU's earnings beat for both the first and second quarter of 2021 clearly helped to drive the company's recent strong stock price performance. More significantly, Lululemon Athletica's above-expectations financial performance in the first half of this year implies that the company has structural growth drivers working in its favor, instead of merely being a beneficiary of one-off Work-From-Home or WFH tailwinds during the peak of COVID-19.</p><p><blockquote>LULU 2021年第一季度和第二季度的盈利均好于预期,这显然有助于推动该公司近期股价表现强劲。更重要的是,Lululemon Athletica今年上半年超出预期的财务业绩暗示着该公司拥有有利于其的结构性增长驱动力,而不仅仅是在COVID-19高峰期在家工作或WFH的一次性顺风中受益。</blockquote></p><p> At its recent second-quarter results briefing, Lululemon noted that \"the pandemic drove forward, accelerated some of the guest behaviors that play to the strength of our brand\" which included \"general fitness awareness\", \"being well, living well\" and \"the importance of functional apparel\". The company also emphasized that its \"brand is early innings across product with activities where we focus on\" and \"gaining market share across categories\".</p><p><blockquote>在最近的第二季度业绩发布会上,Lululemon指出,“疫情推动了一些发挥我们品牌优势的客人行为”,其中包括“一般健身意识”、“健康,生活得好”和“功能性服装的重要性”。该公司还强调,其“品牌是我们关注的产品和活动的早期阶段”和“获得跨类别的市场份额”。</blockquote></p><p> Separately, it is critical to examine if whether Lululemon's recent share price outperformance makes it less attractive as a potential investment candidate in terms of valuations.</p><p><blockquote>另外,至关重要的是要考察Lululemon最近的股价表现是否会降低其作为潜在投资候选者的估值吸引力。</blockquote></p><p> <b>Peer Valuation Comparison For LULU</b></p><p><blockquote><b>LULU的同行估值比较</b></blockquote></p><p></p><p> <table> <tbody> <tr> <td><b>Stock</b></td> <td><b>Consensus Current Fiscal Year Normalized P/E Multiple</b></td> <td><b>Consensus Forward One Fiscal Year Normalized P/E Multiple</b></td> <td><b>Consensus Current Fiscal Year Revenue Growth Metric</b></td> <td><b>Consensus Forward One Fiscal Year Revenue Growth Metric</b></td> <td><b>Consensus Current Fiscal Year ROE Metric</b></td> <td><b>Consensus Forward One Fiscal Year ROE Metric</b></td> </tr> <tr> <td><b>Lululemon</b></td> <td>56.0</td> <td>47.1</td> <td>+41.6%</td> <td>+15.0%</td> <td>33.4%</td> <td>34.8%</td> </tr> <tr> <td>Canada Goose Holdings Inc. (GOOS)</td> <td>40.8</td> <td>26.8</td> <td>+21.7%</td> <td>+18.2%</td> <td>18.7%</td> <td>21.3%</td> </tr> <tr> <td>Under Armour, Inc. (UAA)</td> <td>38.7</td> <td>34.0</td> <td>+23.0%</td> <td>+5.3%</td> <td>13.4%</td> <td>14.8%</td> </tr> <tr> <td>NIKE, Inc. (NKE)</td> <td>37.2</td> <td>31.5</td> <td>+12.4%</td> <td>+10.0%</td> <td>47.1%</td> <td>47.6%</td> </tr> <tr> <td>adidas AG (OTCQX:ADDYY) (OTCQX:ADDDF) [ADS:GR]</td> <td>38.8</td> <td>29.0</td> <td>+10.6%</td> <td>+12.1%</td> <td>22.5%</td> <td>25.2%</td> </tr> </tbody> </table> Source: S&P Capital IQ</p><p><blockquote><table><tbody><tr><td><b>股票</b></td><td><b>共识当前财年正常化市盈率倍数</b></td><td><b>共识预期一财年正常化市盈率倍数</b></td><td><b>共识当前财年收入增长指标</b></td><td><b>共识展望一财年收入增长指标</b></td><td><b>共识当前财年ROE指标</b></td><td><b>共识前瞻性一财年ROE指标</b></td></tr><tr><td><b>露露柠檬</b></td><td>56.0</td><td>47.1</td><td>+41.6%</td><td>+15.0%</td><td>33.4%</td><td>34.8%</td></tr><tr><td>加拿大鹅控股公司(GOOS)</td><td>40.8</td><td>26.8</td><td>+21.7%</td><td>+18.2%</td><td>18.7%</td><td>21.3%</td></tr><tr><td>安德玛公司(UAA)</td><td>38.7</td><td>34.0</td><td>+23.0%</td><td>+5.3%</td><td>13.4%</td><td>14.8%</td></tr><tr><td>耐克公司(NKE)</td><td>37.2</td><td>31.5</td><td>+12.4%</td><td>+10.0%</td><td>47.1%</td><td>47.6%</td></tr><tr><td>阿迪达斯股份公司(OTCQX:ADDYY)(OTCQX:ADDDF)[ADS:GR]</td><td>38.8</td><td>29.0</td><td>+10.6%</td><td>+12.1%</td><td>22.5%</td><td>25.2%</td></tr></tbody></table>资料来源:S&P Capital IQ</blockquote></p><p> As per the peer comparison table presented above, Lululemon is valued by the market at a significant premium to the company's listed peers with respect to forward P/E valuation metrics. LULU does boast superior revenue growth prospects as compared to all of its peers, while its forecasted ROEs are higher than the majority of its peers as well. As such, Lululemon does deserve to trade at higher P/E multiples than that of its peers, but the stock's lofty valuations are not very attractive on an absolute basis if one wants to consider it as an investment candidate.</p><p><blockquote>根据上面提供的同行比较表,就远期市盈率估值指标而言,市场对Lululemon的估值明显高于该公司的上市同行。与所有同行相比,LULU确实拥有优越的收入增长前景,同时其预测的净资产收益率也高于大多数同行。因此,Lululemon确实应该以高于同行的市盈率进行交易,但如果人们想将其视为投资候选者,该股的高估值从绝对基础上来看并不是很有吸引力。</blockquote></p><p> <b>LULU Stock Earnings</b></p><p><blockquote><b>LULU股票收益</b></blockquote></p><p> LULU reported its Q2 2021 earnings on September 8, 2021 after trading hours, and the company's stock price jumped by +11% the next day, from $380.85 to $420.71. It is clear that the market is very satisfied with Lululemon's recent quarterly financial performance.</p><p><blockquote>LULU于2021年9月8日盘后公布了2021年第二季度收益,第二天公司股价上涨+11%,从380.85美元上涨至420.71美元。显然,市场对Lululemon最近的季度财务表现非常满意。</blockquote></p><p> LULU's top line expanded by +61% YoY from $903 million in Q2 2020 to $1,451 million in Q2 2021, while its non-GAAP adjusted earnings per share increased by +123% YoY from $0.74 to$1.65over the same period. Notably, Lululemon's revenue and earnings per share were+9% and +39% higher than the market consensus' forecasts, respectively based on S&P Capital IQ data. As I highlighted in the preceding section with reference to the management's comments, athleisure continues to see strong demand, and Lululemon is a key beneficiary as the leading brand in this segment, which explains the company's good quarterly financial results.</p><p><blockquote>LULU的营收同比增长+61%,从2020年第二季度的9.03亿美元增至2021年第二季度的14.51亿美元,而同期其非GAAP调整后每股收益同比增长+123%,从0.74美元增至1.65美元。值得注意的是,根据标准普尔Capital IQ数据,Lululemon的收入和每股收益分别比市场普遍预测高出+9%和+39%。正如我在上一节中参考管理层评论所强调的那样,运动休闲继续看到强劲的需求,而Lululemon作为该细分市场的领先品牌是主要受益者,这解释了该公司良好的季度财务业绩。</blockquote></p><p> Specifically, the excellent performance of Lululemon's international and e-commerce businesses in the recent quarter is noteworthy. LULU's revenue from international markets grew by +49% YoY in Q2 2021, and this was equivalent to a two-year CAGR of +43%. Lululemon highlighted at the company's Q2 earnings call that \"our international business is ahead of the four times growth (revenue target) we put out to be completed by the end of 2023.\"</p><p><blockquote>具体来看,Lululemon国际和电商业务在最近一个季度的优异表现值得关注。2021年第二季度,LULU来自国际市场的收入同比增长+49%,相当于两年复合年增长率+43%。Lululemon在公司第二季度财报看涨期权上强调,“我们的国际业务领先于我们提出的到2023年底完成的四倍增长(收入目标)。”</blockquote></p><p> On the other hand, LULU's e-commerce sales still increased by+4%YoY (adjusted for foreign exchange effects) in Q2 2021, despite an exceptionally high base in Q2 2020 (+157% YoY e-commerce sales growth). This translates to a two-year e-commerce sales CAGR of approximately +66%. Lululemonrevealedthat it is implementing new initiatives to further drive the growth of its e-commerce business, which includes \"expanding our alternative payment methods, improved storytelling, more predictive search and a more seamless checkout.\"</p><p><blockquote>另一方面,尽管2020年第二季度基数异常高(电子商务销售额同比增长157%),但2021年第二季度露露的电子商务销售额仍同比增长+4%(经外汇影响调整)。这意味着两年电子商务销售额复合年增长率约为+66%。Lululemon透露,它正在实施新举措,以进一步推动其电子商务业务的增长,其中包括“扩大我们的替代支付方式、改进故事讲述、更具预测性的搜索和更无缝的结账。”</blockquote></p><p> Moving ahead, Lululemon is guiding for $6.19-$6.26 billion in revenue and $7.38-$7.48 in earnings per share for full-year fiscal 2021. This is aligned with Wall Street analysts' consensus top line and bottom line of $6.233 billion and $7.48, which translate to YoY growth rates of +41.6% and +59.2%, respectively as per S&P Capital IQ data.</p><p><blockquote>展望未来,Lululemon预计2021财年全年收入为6.19-62.6亿美元,每股收益为7.38-7.48美元。这与华尔街分析师一致的营收和净利润分别为62.33亿美元和7.48美元,根据标准普尔Capital IQ数据,同比增长率分别为+41.6%和+59.2%。</blockquote></p><p> However, there is a real risk that the company disappoints on profitability in the coming quarters.</p><p><blockquote>然而,该公司未来几个季度的盈利能力确实存在令人失望的风险。</blockquote></p><p></p><p> Firstly, Lululemon's future investments could be larger than expected. The company guided at its recent results call for FY 2021 SG&A (Selling, General & Administrative) \"deleverage of 10 to 30 basis points versus 2020\" and an increase in capital expenditures this year. LULU attributed this to \"our investment in MIRROR (highlighted in \"Company Description\" section) brand building\", \"MIRROR shop-in-shops\" and \"increased investment in our supply chain, digital capabilities, new store openings and renovations.\" It is not unusual for actual investments to turn out to be greater than what companies budget for.</p><p><blockquote>首先,Lululemon未来的投资可能会超出预期。该公司在最近的业绩中指导2021财年SG&A(销售、一般和行政)看涨期权“与2020年相比去杠杆化10至30个基点”,并增加今年的资本支出。LULU将此归因于“我们对MIRROR(在“公司描述”部分突出显示)品牌建设的投资”、“MIRROR店中店”以及“对我们的供应链、数字化能力、新店开业和装修的投资增加”。实际投资高于公司预算的情况并不罕见。</blockquote></p><p> Secondly, LULU's introduction of footwear products in 2022 could be negative for the company's overall gross profit margin. At its 1Q 2021 earnings call in June 2021, Lululemon mentioned that \"we are bringing footwear next year.\" As a new product line which will begin with relatively lower volume, footwear products are likely to have lower gross profit margins than LULU's existing core products. In other words, Lululemon's sales mix could be less favorable next year, and this could translate to lower gross margins for the company as a whole.</p><p><blockquote>其次,露露在2022年推出鞋类产品可能会对公司整体毛利率产生负面影响。在2021年6月举行的2021年第一季度财报看涨期权上,Lululemon提到“我们明年将推出鞋类产品”。作为一个新产品线,开始时的销量相对较低,鞋类产品的毛利率可能低于露露现有的核心产品。换句话说,Lululemon明年的销售组合可能会不太有利,这可能会导致整个公司的毛利率下降。</blockquote></p><p> Thirdly, lock-downs in Vietnam relating to COVID-19 could have an adverse impact on the company's business operations. Lululemon acknowledged at its Q2 2021 results briefing that the Vietnam production disruption \"is currently impacting approximately 20% of our second half inventory\", with the country accounting for \"30% of our finished goods.\" A September 13, 2021 <i>Seeking Alpha</i> news article quoted research from <i>BTIG</i> which mentioned that there are \"supply risks in the apparel and footwear sector as the negative impact of Vietnam factory closures becomes clearer.\" LULU's current full-year guidance is based onthe assumptionthat Southern Vietnam commences its re-opening process this month, and if that does not happen, Lululemon's financial numbers in the subsequent quarters could potentially come in below expectations.</p><p><blockquote>第三,越南与COVID-19相关的封锁可能会对公司的业务运营产生不利影响。Lululemon在2021年第二季度业绩简报会上承认,越南生产中断“目前影响了我们下半年约20%的库存”,该国占“我们成品的30%”。a 2021年9月13日<i>寻求阿尔法</i>新闻文章引用了来自<i>BTIG</i>其中提到,“随着越南工厂关闭的负面影响变得更加明显,服装和鞋类行业存在供应风险”。LULU目前的全年指引是基于越南南部本月开始重新开放进程的假设,如果这种情况没有发生,Lululemon随后几个季度的财务数据可能会低于预期。</blockquote></p><p> <b>Is LULU Stock A Buy, Sell, Or Hold?</b></p><p><blockquote><b>LULU股票是买入、卖出还是持有?</b></blockquote></p><p> LULU stock is a Hold based on my analysis.</p><p><blockquote>根据我的分析,LULU股票值得持有。</blockquote></p><p> I fear that Lululemon could suffer from a valuation de-rating, assuming that the company's future quarterly earnings fall short of market expectations as a result of the various factors that I highlighted in the previous section. That said, I do acknowledge that LULU is the market leader in athleisure with significantmarket share, and its medium-term growth prospects are excellent, especially for the international and e-commerce segments. Considering both the positives and negatives associated with the stock, my opinion is that a Hold rating is fair for Lululemon.</p><p><blockquote>我担心Lululemon可能会遭受估值下调,假设该公司未来的季度收益由于我在上一节中强调的各种因素而低于市场预期。也就是说,我确实承认LULU是运动休闲领域的市场领导者,拥有巨大的市场份额,其中期增长前景非常好,尤其是在国际和电子商务领域。考虑到与该股票相关的积极和消极因素,我认为Lululemon的持有评级是公平的。</blockquote></p><p> LULU's key risks are actual investments exceeding its original budget, a failure to ramp up sales of its new footwear products next year to achieve economies of scale, and prolonged lock-downs in Vietnam which bring greater-than-expected disruptions for the company.</p><p><blockquote>LULU面临的主要风险是实际投资超出了最初的预算,明年未能提高新鞋类产品的销量以实现规模经济,以及越南的长期封锁给公司带来了超出预期的干扰。</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>Is Lululemon Stock A Buy Or Sell After Q2 Earnings? Key Risk Is Lower-Than-Expected Profitability<blockquote>第二季度财报公布后,Lululemon股票是买入还是卖出?主要风险是盈利能力低于预期</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 Lululemon Stock A Buy Or Sell After Q2 Earnings? Key Risk Is Lower-Than-Expected Profitability<blockquote>第二季度财报公布后,Lululemon股票是买入还是卖出?主要风险是盈利能力低于预期</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\">2021-09-17 17:36</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>Lululemon's share price has done much better than the key benchmark stock indices in the past few months, as a result of better-than-expected financial performance in 1H 2021.</li> <li>LULU achieved strong top line and bottom line growth in Q2 2021 which also beat market expectations, but lower-than-expected profitability for the company going forward is a key downside risk.</li> <li>I see Lululemon stock as Hold after Q2 earnings, as its valuations are expensive, and an earnings miss in the future could de-rate its shares.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c5831fd8e2c9cd8844c973c0f757a56\" tg-width=\"1536\" tg-height=\"1022\" width=\"100%\" height=\"auto\"><span>jentakespictures/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>由于2021年上半年的财务业绩好于预期,Lululemon的股价在过去几个月的表现远好于主要基准股指。</li><li>LULU在2021年第二季度实现了强劲的营收和利润增长,也超出了市场预期,但公司未来盈利能力低于预期是一个关键的下行风险。</li><li>我认为Lululemon股票在第二季度财报公布后应持有,因为其估值昂贵,未来盈利未达标可能会降低其股票评级。</li></ul><p class=\"t-img-caption\"><span>jentakespictures/iStock社论来自Getty Images</span></p></blockquote></p><p> <b>Elevator Pitch</b></p><p><blockquote><b>电梯间俯仰</b></blockquote></p><p> I assign a Neutral rating to Lululemon Athletica Inc (LULU).</p><p><blockquote>我对Lululemon Athletica Inc(LULU)给予中性评级。</blockquote></p><p> Lululemon has delivered significant stock price outperformance as compared to the major benchmark stock indices in the last couple of months, and the stock's current valuations are not that appealing following its recent share price run. Larger-than-expected investments in the near future, an unfavorable sales mix with the introduction of new footwear products next year, and potential supply chain disruptions could be a potential drag on LULU's forward earnings.</p><p><blockquote>过去几个月,与主要基准股指相比,Lululemon的股价表现显着优于主要基准股指,而在最近的股价上涨之后,该股目前的估值并没有那么有吸引力。近期超出预期的投资、明年推出新鞋类产品带来的不利销售组合以及潜在的供应链中断可能会拖累LULU的预期收益。</blockquote></p><p> My rating for Lululemon is a Hold or Neutral. On one hand, I am positive on LULU's better-than-expected Q2 results and its long-term growth prospects. On the flip side, LULU's premium valuations and recent share price run have priced in the near-term positives for the company, while there are downside risks relating to its future earnings outlook.</p><p><blockquote>我对Lululemon的评级是持有或中性。一方面,我对LULU好于预期的第二季度业绩及其长期增长前景持乐观态度。另一方面,LULU的溢价估值和近期股价上涨已经反映了该公司近期的积极因素,同时其未来盈利前景也存在下行风险。</blockquote></p><p> <b>Company Description</b></p><p><blockquote><b>公司简介</b></blockquote></p><p> In its press releases, Lululemon Athletica Inc refers to itself as \"a healthy lifestyle inspired athletic apparel company for yoga, running, training, and most other sweaty pursuits\". LULU was established in 1998, and the company's shares were listed on the Nasdaq in 2007.</p><p><blockquote>在其新闻稿中,Lululemon Athletica Inc将自己称为“一家受健康生活方式启发的运动服装公司,提供瑜伽、跑步、训练和大多数其他出汗活动”。露露成立于1998年,公司股票于2007年在纳斯达克上市。</blockquote></p><p> As of August 1, 2021, Lululemon boasted a network of 534 storesthat are located in 17 different markets. LULU generated 69%, 14% and 17%of the company's revenue from the US, Canada and international markets, respectively in the first half of FY 2021. The company-operated stores, the direct-to-consumer business, and others contributed 46%, 43% and 11% of its 1H 2021 sales, respectively. In the company's most recent 10-Q filing, Lululemon Athletica defines the others business segment as \"outlets, temporary locations, sales to wholesale accounts, license and supply arrangements, and MIRROR (home gym business acquired in2020).\"</p><p><blockquote>截至2021年8月1日,Lululemon拥有位于17个不同市场的534家门店网络。2021财年上半年,LULU来自美国、加拿大和国际市场的收入分别占公司收入的69%、14%和17%。公司经营的商店、直接面向消费者的业务和其他业务分别贡献了其2021年上半年销售额的46%、43%和11%。在该公司最新的10-Q文件中,Lululemon Athletica将其他业务部门定义为“门店、临时地点、批发账户销售、许可和供应安排以及MIRROR(2020年收购的家庭健身房业务)”。</blockquote></p><p> <b>Lululemon Stock Price</b></p><p><blockquote><b>露露柠檬股价</b></blockquote></p><p> Lululemon's stock price increased by +20.4% and +32.8% in the year-to-date and past one-year time periods, respectively which tracked the performance of the S&P 500 and the Nasdaq Composite very closely. However, LULU started to outperform the key benchmark stock indices in the last couple of months. In the past six months, Lululemon's share price rose by+33.3%, while the Nasdaq Composite and S&P 500 were only up in the low-teens percentages over the same period. In the last three months, LULU's shares went up by +25.0%, as compared to the +7.7% and +5.5% increases for the Nasdaq Composite and S&P 500, respectively during the same time.</p><p><blockquote>Lululemon的股价今年迄今和过去一年分别上涨了+20.4%和+32.8%,非常密切地跟踪了标普500和纳斯达克综合指数的表现。然而,LULU在过去几个月开始跑赢主要基准股指。在过去的六个月里,Lululemon的股价上涨了33.3%,而同期纳斯达克综合指数和标普500指数的涨幅仅在十几岁左右。在过去三个月中,LULU的股价上涨了+25.0%,而同期纳斯达克综合指数和标普500分别上涨了+7.7%和+5.5%。</blockquote></p><p> LULU's earnings beat for both the first and second quarter of 2021 clearly helped to drive the company's recent strong stock price performance. More significantly, Lululemon Athletica's above-expectations financial performance in the first half of this year implies that the company has structural growth drivers working in its favor, instead of merely being a beneficiary of one-off Work-From-Home or WFH tailwinds during the peak of COVID-19.</p><p><blockquote>LULU 2021年第一季度和第二季度的盈利均好于预期,这显然有助于推动该公司近期股价表现强劲。更重要的是,Lululemon Athletica今年上半年超出预期的财务业绩暗示着该公司拥有有利于其的结构性增长驱动力,而不仅仅是在COVID-19高峰期在家工作或WFH的一次性顺风中受益。</blockquote></p><p> At its recent second-quarter results briefing, Lululemon noted that \"the pandemic drove forward, accelerated some of the guest behaviors that play to the strength of our brand\" which included \"general fitness awareness\", \"being well, living well\" and \"the importance of functional apparel\". The company also emphasized that its \"brand is early innings across product with activities where we focus on\" and \"gaining market share across categories\".</p><p><blockquote>在最近的第二季度业绩发布会上,Lululemon指出,“疫情推动了一些发挥我们品牌优势的客人行为”,其中包括“一般健身意识”、“健康,生活得好”和“功能性服装的重要性”。该公司还强调,其“品牌是我们关注的产品和活动的早期阶段”和“获得跨类别的市场份额”。</blockquote></p><p> Separately, it is critical to examine if whether Lululemon's recent share price outperformance makes it less attractive as a potential investment candidate in terms of valuations.</p><p><blockquote>另外,至关重要的是要考察Lululemon最近的股价表现是否会降低其作为潜在投资候选者的估值吸引力。</blockquote></p><p> <b>Peer Valuation Comparison For LULU</b></p><p><blockquote><b>LULU的同行估值比较</b></blockquote></p><p></p><p> <table> <tbody> <tr> <td><b>Stock</b></td> <td><b>Consensus Current Fiscal Year Normalized P/E Multiple</b></td> <td><b>Consensus Forward One Fiscal Year Normalized P/E Multiple</b></td> <td><b>Consensus Current Fiscal Year Revenue Growth Metric</b></td> <td><b>Consensus Forward One Fiscal Year Revenue Growth Metric</b></td> <td><b>Consensus Current Fiscal Year ROE Metric</b></td> <td><b>Consensus Forward One Fiscal Year ROE Metric</b></td> </tr> <tr> <td><b>Lululemon</b></td> <td>56.0</td> <td>47.1</td> <td>+41.6%</td> <td>+15.0%</td> <td>33.4%</td> <td>34.8%</td> </tr> <tr> <td>Canada Goose Holdings Inc. (GOOS)</td> <td>40.8</td> <td>26.8</td> <td>+21.7%</td> <td>+18.2%</td> <td>18.7%</td> <td>21.3%</td> </tr> <tr> <td>Under Armour, Inc. (UAA)</td> <td>38.7</td> <td>34.0</td> <td>+23.0%</td> <td>+5.3%</td> <td>13.4%</td> <td>14.8%</td> </tr> <tr> <td>NIKE, Inc. (NKE)</td> <td>37.2</td> <td>31.5</td> <td>+12.4%</td> <td>+10.0%</td> <td>47.1%</td> <td>47.6%</td> </tr> <tr> <td>adidas AG (OTCQX:ADDYY) (OTCQX:ADDDF) [ADS:GR]</td> <td>38.8</td> <td>29.0</td> <td>+10.6%</td> <td>+12.1%</td> <td>22.5%</td> <td>25.2%</td> </tr> </tbody> </table> Source: S&P Capital IQ</p><p><blockquote><table><tbody><tr><td><b>股票</b></td><td><b>共识当前财年正常化市盈率倍数</b></td><td><b>共识预期一财年正常化市盈率倍数</b></td><td><b>共识当前财年收入增长指标</b></td><td><b>共识展望一财年收入增长指标</b></td><td><b>共识当前财年ROE指标</b></td><td><b>共识前瞻性一财年ROE指标</b></td></tr><tr><td><b>露露柠檬</b></td><td>56.0</td><td>47.1</td><td>+41.6%</td><td>+15.0%</td><td>33.4%</td><td>34.8%</td></tr><tr><td>加拿大鹅控股公司(GOOS)</td><td>40.8</td><td>26.8</td><td>+21.7%</td><td>+18.2%</td><td>18.7%</td><td>21.3%</td></tr><tr><td>安德玛公司(UAA)</td><td>38.7</td><td>34.0</td><td>+23.0%</td><td>+5.3%</td><td>13.4%</td><td>14.8%</td></tr><tr><td>耐克公司(NKE)</td><td>37.2</td><td>31.5</td><td>+12.4%</td><td>+10.0%</td><td>47.1%</td><td>47.6%</td></tr><tr><td>阿迪达斯股份公司(OTCQX:ADDYY)(OTCQX:ADDDF)[ADS:GR]</td><td>38.8</td><td>29.0</td><td>+10.6%</td><td>+12.1%</td><td>22.5%</td><td>25.2%</td></tr></tbody></table>资料来源:S&P Capital IQ</blockquote></p><p> As per the peer comparison table presented above, Lululemon is valued by the market at a significant premium to the company's listed peers with respect to forward P/E valuation metrics. LULU does boast superior revenue growth prospects as compared to all of its peers, while its forecasted ROEs are higher than the majority of its peers as well. As such, Lululemon does deserve to trade at higher P/E multiples than that of its peers, but the stock's lofty valuations are not very attractive on an absolute basis if one wants to consider it as an investment candidate.</p><p><blockquote>根据上面提供的同行比较表,就远期市盈率估值指标而言,市场对Lululemon的估值明显高于该公司的上市同行。与所有同行相比,LULU确实拥有优越的收入增长前景,同时其预测的净资产收益率也高于大多数同行。因此,Lululemon确实应该以高于同行的市盈率进行交易,但如果人们想将其视为投资候选者,该股的高估值从绝对基础上来看并不是很有吸引力。</blockquote></p><p> <b>LULU Stock Earnings</b></p><p><blockquote><b>LULU股票收益</b></blockquote></p><p> LULU reported its Q2 2021 earnings on September 8, 2021 after trading hours, and the company's stock price jumped by +11% the next day, from $380.85 to $420.71. It is clear that the market is very satisfied with Lululemon's recent quarterly financial performance.</p><p><blockquote>LULU于2021年9月8日盘后公布了2021年第二季度收益,第二天公司股价上涨+11%,从380.85美元上涨至420.71美元。显然,市场对Lululemon最近的季度财务表现非常满意。</blockquote></p><p> LULU's top line expanded by +61% YoY from $903 million in Q2 2020 to $1,451 million in Q2 2021, while its non-GAAP adjusted earnings per share increased by +123% YoY from $0.74 to$1.65over the same period. Notably, Lululemon's revenue and earnings per share were+9% and +39% higher than the market consensus' forecasts, respectively based on S&P Capital IQ data. As I highlighted in the preceding section with reference to the management's comments, athleisure continues to see strong demand, and Lululemon is a key beneficiary as the leading brand in this segment, which explains the company's good quarterly financial results.</p><p><blockquote>LULU的营收同比增长+61%,从2020年第二季度的9.03亿美元增至2021年第二季度的14.51亿美元,而同期其非GAAP调整后每股收益同比增长+123%,从0.74美元增至1.65美元。值得注意的是,根据标准普尔Capital IQ数据,Lululemon的收入和每股收益分别比市场普遍预测高出+9%和+39%。正如我在上一节中参考管理层评论所强调的那样,运动休闲继续看到强劲的需求,而Lululemon作为该细分市场的领先品牌是主要受益者,这解释了该公司良好的季度财务业绩。</blockquote></p><p> Specifically, the excellent performance of Lululemon's international and e-commerce businesses in the recent quarter is noteworthy. LULU's revenue from international markets grew by +49% YoY in Q2 2021, and this was equivalent to a two-year CAGR of +43%. Lululemon highlighted at the company's Q2 earnings call that \"our international business is ahead of the four times growth (revenue target) we put out to be completed by the end of 2023.\"</p><p><blockquote>具体来看,Lululemon国际和电商业务在最近一个季度的优异表现值得关注。2021年第二季度,LULU来自国际市场的收入同比增长+49%,相当于两年复合年增长率+43%。Lululemon在公司第二季度财报看涨期权上强调,“我们的国际业务领先于我们提出的到2023年底完成的四倍增长(收入目标)。”</blockquote></p><p> On the other hand, LULU's e-commerce sales still increased by+4%YoY (adjusted for foreign exchange effects) in Q2 2021, despite an exceptionally high base in Q2 2020 (+157% YoY e-commerce sales growth). This translates to a two-year e-commerce sales CAGR of approximately +66%. Lululemonrevealedthat it is implementing new initiatives to further drive the growth of its e-commerce business, which includes \"expanding our alternative payment methods, improved storytelling, more predictive search and a more seamless checkout.\"</p><p><blockquote>另一方面,尽管2020年第二季度基数异常高(电子商务销售额同比增长157%),但2021年第二季度露露的电子商务销售额仍同比增长+4%(经外汇影响调整)。这意味着两年电子商务销售额复合年增长率约为+66%。Lululemon透露,它正在实施新举措,以进一步推动其电子商务业务的增长,其中包括“扩大我们的替代支付方式、改进故事讲述、更具预测性的搜索和更无缝的结账。”</blockquote></p><p> Moving ahead, Lululemon is guiding for $6.19-$6.26 billion in revenue and $7.38-$7.48 in earnings per share for full-year fiscal 2021. This is aligned with Wall Street analysts' consensus top line and bottom line of $6.233 billion and $7.48, which translate to YoY growth rates of +41.6% and +59.2%, respectively as per S&P Capital IQ data.</p><p><blockquote>展望未来,Lululemon预计2021财年全年收入为6.19-62.6亿美元,每股收益为7.38-7.48美元。这与华尔街分析师一致的营收和净利润分别为62.33亿美元和7.48美元,根据标准普尔Capital IQ数据,同比增长率分别为+41.6%和+59.2%。</blockquote></p><p> However, there is a real risk that the company disappoints on profitability in the coming quarters.</p><p><blockquote>然而,该公司未来几个季度的盈利能力确实存在令人失望的风险。</blockquote></p><p></p><p> Firstly, Lululemon's future investments could be larger than expected. The company guided at its recent results call for FY 2021 SG&A (Selling, General & Administrative) \"deleverage of 10 to 30 basis points versus 2020\" and an increase in capital expenditures this year. LULU attributed this to \"our investment in MIRROR (highlighted in \"Company Description\" section) brand building\", \"MIRROR shop-in-shops\" and \"increased investment in our supply chain, digital capabilities, new store openings and renovations.\" It is not unusual for actual investments to turn out to be greater than what companies budget for.</p><p><blockquote>首先,Lululemon未来的投资可能会超出预期。该公司在最近的业绩中指导2021财年SG&A(销售、一般和行政)看涨期权“与2020年相比去杠杆化10至30个基点”,并增加今年的资本支出。LULU将此归因于“我们对MIRROR(在“公司描述”部分突出显示)品牌建设的投资”、“MIRROR店中店”以及“对我们的供应链、数字化能力、新店开业和装修的投资增加”。实际投资高于公司预算的情况并不罕见。</blockquote></p><p> Secondly, LULU's introduction of footwear products in 2022 could be negative for the company's overall gross profit margin. At its 1Q 2021 earnings call in June 2021, Lululemon mentioned that \"we are bringing footwear next year.\" As a new product line which will begin with relatively lower volume, footwear products are likely to have lower gross profit margins than LULU's existing core products. In other words, Lululemon's sales mix could be less favorable next year, and this could translate to lower gross margins for the company as a whole.</p><p><blockquote>其次,露露在2022年推出鞋类产品可能会对公司整体毛利率产生负面影响。在2021年6月举行的2021年第一季度财报看涨期权上,Lululemon提到“我们明年将推出鞋类产品”。作为一个新产品线,开始时的销量相对较低,鞋类产品的毛利率可能低于露露现有的核心产品。换句话说,Lululemon明年的销售组合可能会不太有利,这可能会导致整个公司的毛利率下降。</blockquote></p><p> Thirdly, lock-downs in Vietnam relating to COVID-19 could have an adverse impact on the company's business operations. Lululemon acknowledged at its Q2 2021 results briefing that the Vietnam production disruption \"is currently impacting approximately 20% of our second half inventory\", with the country accounting for \"30% of our finished goods.\" A September 13, 2021 <i>Seeking Alpha</i> news article quoted research from <i>BTIG</i> which mentioned that there are \"supply risks in the apparel and footwear sector as the negative impact of Vietnam factory closures becomes clearer.\" LULU's current full-year guidance is based onthe assumptionthat Southern Vietnam commences its re-opening process this month, and if that does not happen, Lululemon's financial numbers in the subsequent quarters could potentially come in below expectations.</p><p><blockquote>第三,越南与COVID-19相关的封锁可能会对公司的业务运营产生不利影响。Lululemon在2021年第二季度业绩简报会上承认,越南生产中断“目前影响了我们下半年约20%的库存”,该国占“我们成品的30%”。a 2021年9月13日<i>寻求阿尔法</i>新闻文章引用了来自<i>BTIG</i>其中提到,“随着越南工厂关闭的负面影响变得更加明显,服装和鞋类行业存在供应风险”。LULU目前的全年指引是基于越南南部本月开始重新开放进程的假设,如果这种情况没有发生,Lululemon随后几个季度的财务数据可能会低于预期。</blockquote></p><p> <b>Is LULU Stock A Buy, Sell, Or Hold?</b></p><p><blockquote><b>LULU股票是买入、卖出还是持有?</b></blockquote></p><p> LULU stock is a Hold based on my analysis.</p><p><blockquote>根据我的分析,LULU股票值得持有。</blockquote></p><p> I fear that Lululemon could suffer from a valuation de-rating, assuming that the company's future quarterly earnings fall short of market expectations as a result of the various factors that I highlighted in the previous section. That said, I do acknowledge that LULU is the market leader in athleisure with significantmarket share, and its medium-term growth prospects are excellent, especially for the international and e-commerce segments. Considering both the positives and negatives associated with the stock, my opinion is that a Hold rating is fair for Lululemon.</p><p><blockquote>我担心Lululemon可能会遭受估值下调,假设该公司未来的季度收益由于我在上一节中强调的各种因素而低于市场预期。也就是说,我确实承认LULU是运动休闲领域的市场领导者,拥有巨大的市场份额,其中期增长前景非常好,尤其是在国际和电子商务领域。考虑到与该股票相关的积极和消极因素,我认为Lululemon的持有评级是公平的。</blockquote></p><p> LULU's key risks are actual investments exceeding its original budget, a failure to ramp up sales of its new footwear products next year to achieve economies of scale, and prolonged lock-downs in Vietnam which bring greater-than-expected disruptions for the company.</p><p><blockquote>LULU面临的主要风险是实际投资超出了最初的预算,明年未能提高新鞋类产品的销量以实现规模经济,以及越南的长期封锁给公司带来了超出预期的干扰。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://seekingalpha.com/article/4455585-lululemon-stock-buy-sell-q2-earnings\">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":{"LULU":"lululemon athletica"},"source_url":"https://seekingalpha.com/article/4455585-lululemon-stock-buy-sell-q2-earnings","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139296336","content_text":"Summary\n\nLululemon's share price has done much better than the key benchmark stock indices in the past few months, as a result of better-than-expected financial performance in 1H 2021.\nLULU achieved strong top line and bottom line growth in Q2 2021 which also beat market expectations, but lower-than-expected profitability for the company going forward is a key downside risk.\nI see Lululemon stock as Hold after Q2 earnings, as its valuations are expensive, and an earnings miss in the future could de-rate its shares.\n\njentakespictures/iStock Editorial via Getty Images\nElevator Pitch\nI assign a Neutral rating to Lululemon Athletica Inc (LULU).\nLululemon has delivered significant stock price outperformance as compared to the major benchmark stock indices in the last couple of months, and the stock's current valuations are not that appealing following its recent share price run. Larger-than-expected investments in the near future, an unfavorable sales mix with the introduction of new footwear products next year, and potential supply chain disruptions could be a potential drag on LULU's forward earnings.\nMy rating for Lululemon is a Hold or Neutral. On one hand, I am positive on LULU's better-than-expected Q2 results and its long-term growth prospects. On the flip side, LULU's premium valuations and recent share price run have priced in the near-term positives for the company, while there are downside risks relating to its future earnings outlook.\nCompany Description\nIn its press releases, Lululemon Athletica Inc refers to itself as \"a healthy lifestyle inspired athletic apparel company for yoga, running, training, and most other sweaty pursuits\". LULU was established in 1998, and the company's shares were listed on the Nasdaq in 2007.\nAs of August 1, 2021, Lululemon boasted a network of 534 storesthat are located in 17 different markets. LULU generated 69%, 14% and 17%of the company's revenue from the US, Canada and international markets, respectively in the first half of FY 2021. The company-operated stores, the direct-to-consumer business, and others contributed 46%, 43% and 11% of its 1H 2021 sales, respectively. In the company's most recent 10-Q filing, Lululemon Athletica defines the others business segment as \"outlets, temporary locations, sales to wholesale accounts, license and supply arrangements, and MIRROR (home gym business acquired in2020).\"\nLululemon Stock Price\nLululemon's stock price increased by +20.4% and +32.8% in the year-to-date and past one-year time periods, respectively which tracked the performance of the S&P 500 and the Nasdaq Composite very closely. However, LULU started to outperform the key benchmark stock indices in the last couple of months. In the past six months, Lululemon's share price rose by+33.3%, while the Nasdaq Composite and S&P 500 were only up in the low-teens percentages over the same period. In the last three months, LULU's shares went up by +25.0%, as compared to the +7.7% and +5.5% increases for the Nasdaq Composite and S&P 500, respectively during the same time.\nLULU's earnings beat for both the first and second quarter of 2021 clearly helped to drive the company's recent strong stock price performance. More significantly, Lululemon Athletica's above-expectations financial performance in the first half of this year implies that the company has structural growth drivers working in its favor, instead of merely being a beneficiary of one-off Work-From-Home or WFH tailwinds during the peak of COVID-19.\nAt its recent second-quarter results briefing, Lululemon noted that \"the pandemic drove forward, accelerated some of the guest behaviors that play to the strength of our brand\" which included \"general fitness awareness\", \"being well, living well\" and \"the importance of functional apparel\". The company also emphasized that its \"brand is early innings across product with activities where we focus on\" and \"gaining market share across categories\".\nSeparately, it is critical to examine if whether Lululemon's recent share price outperformance makes it less attractive as a potential investment candidate in terms of valuations.\nPeer Valuation Comparison For LULU\n\n\n\nStock\nConsensus Current Fiscal Year Normalized P/E Multiple\nConsensus Forward One Fiscal Year Normalized P/E Multiple\nConsensus Current Fiscal Year Revenue Growth Metric\nConsensus Forward One Fiscal Year Revenue Growth Metric\nConsensus Current Fiscal Year ROE Metric\nConsensus Forward One Fiscal Year ROE Metric\n\n\nLululemon\n56.0\n47.1\n+41.6%\n+15.0%\n33.4%\n34.8%\n\n\nCanada Goose Holdings Inc. (GOOS)\n40.8\n26.8\n+21.7%\n+18.2%\n18.7%\n21.3%\n\n\nUnder Armour, Inc. (UAA)\n38.7\n34.0\n+23.0%\n+5.3%\n13.4%\n14.8%\n\n\nNIKE, Inc. (NKE)\n37.2\n31.5\n+12.4%\n+10.0%\n47.1%\n47.6%\n\n\nadidas AG (OTCQX:ADDYY) (OTCQX:ADDDF) [ADS:GR]\n38.8\n29.0\n+10.6%\n+12.1%\n22.5%\n25.2%\n\n\n\nSource: S&P Capital IQ\nAs per the peer comparison table presented above, Lululemon is valued by the market at a significant premium to the company's listed peers with respect to forward P/E valuation metrics. LULU does boast superior revenue growth prospects as compared to all of its peers, while its forecasted ROEs are higher than the majority of its peers as well. As such, Lululemon does deserve to trade at higher P/E multiples than that of its peers, but the stock's lofty valuations are not very attractive on an absolute basis if one wants to consider it as an investment candidate.\nLULU Stock Earnings\nLULU reported its Q2 2021 earnings on September 8, 2021 after trading hours, and the company's stock price jumped by +11% the next day, from $380.85 to $420.71. It is clear that the market is very satisfied with Lululemon's recent quarterly financial performance.\nLULU's top line expanded by +61% YoY from $903 million in Q2 2020 to $1,451 million in Q2 2021, while its non-GAAP adjusted earnings per share increased by +123% YoY from $0.74 to$1.65over the same period. Notably, Lululemon's revenue and earnings per share were+9% and +39% higher than the market consensus' forecasts, respectively based on S&P Capital IQ data. As I highlighted in the preceding section with reference to the management's comments, athleisure continues to see strong demand, and Lululemon is a key beneficiary as the leading brand in this segment, which explains the company's good quarterly financial results.\nSpecifically, the excellent performance of Lululemon's international and e-commerce businesses in the recent quarter is noteworthy. LULU's revenue from international markets grew by +49% YoY in Q2 2021, and this was equivalent to a two-year CAGR of +43%. Lululemon highlighted at the company's Q2 earnings call that \"our international business is ahead of the four times growth (revenue target) we put out to be completed by the end of 2023.\"\nOn the other hand, LULU's e-commerce sales still increased by+4%YoY (adjusted for foreign exchange effects) in Q2 2021, despite an exceptionally high base in Q2 2020 (+157% YoY e-commerce sales growth). This translates to a two-year e-commerce sales CAGR of approximately +66%. Lululemonrevealedthat it is implementing new initiatives to further drive the growth of its e-commerce business, which includes \"expanding our alternative payment methods, improved storytelling, more predictive search and a more seamless checkout.\"\nMoving ahead, Lululemon is guiding for $6.19-$6.26 billion in revenue and $7.38-$7.48 in earnings per share for full-year fiscal 2021. This is aligned with Wall Street analysts' consensus top line and bottom line of $6.233 billion and $7.48, which translate to YoY growth rates of +41.6% and +59.2%, respectively as per S&P Capital IQ data.\nHowever, there is a real risk that the company disappoints on profitability in the coming quarters.\nFirstly, Lululemon's future investments could be larger than expected. The company guided at its recent results call for FY 2021 SG&A (Selling, General & Administrative) \"deleverage of 10 to 30 basis points versus 2020\" and an increase in capital expenditures this year. LULU attributed this to \"our investment in MIRROR (highlighted in \"Company Description\" section) brand building\", \"MIRROR shop-in-shops\" and \"increased investment in our supply chain, digital capabilities, new store openings and renovations.\" It is not unusual for actual investments to turn out to be greater than what companies budget for.\nSecondly, LULU's introduction of footwear products in 2022 could be negative for the company's overall gross profit margin. At its 1Q 2021 earnings call in June 2021, Lululemon mentioned that \"we are bringing footwear next year.\" As a new product line which will begin with relatively lower volume, footwear products are likely to have lower gross profit margins than LULU's existing core products. In other words, Lululemon's sales mix could be less favorable next year, and this could translate to lower gross margins for the company as a whole.\nThirdly, lock-downs in Vietnam relating to COVID-19 could have an adverse impact on the company's business operations. Lululemon acknowledged at its Q2 2021 results briefing that the Vietnam production disruption \"is currently impacting approximately 20% of our second half inventory\", with the country accounting for \"30% of our finished goods.\" A September 13, 2021 Seeking Alpha news article quoted research from BTIG which mentioned that there are \"supply risks in the apparel and footwear sector as the negative impact of Vietnam factory closures becomes clearer.\" LULU's current full-year guidance is based onthe assumptionthat Southern Vietnam commences its re-opening process this month, and if that does not happen, Lululemon's financial numbers in the subsequent quarters could potentially come in below expectations.\nIs LULU Stock A Buy, Sell, Or Hold?\nLULU stock is a Hold based on my analysis.\nI fear that Lululemon could suffer from a valuation de-rating, assuming that the company's future quarterly earnings fall short of market expectations as a result of the various factors that I highlighted in the previous section. That said, I do acknowledge that LULU is the market leader in athleisure with significantmarket share, and its medium-term growth prospects are excellent, especially for the international and e-commerce segments. Considering both the positives and negatives associated with the stock, my opinion is that a Hold rating is fair for Lululemon.\nLULU's key risks are actual investments exceeding its original budget, a failure to ramp up sales of its new footwear products next year to achieve economies of scale, and prolonged lock-downs in Vietnam which bring greater-than-expected disruptions for the company.","news_type":1,"symbols_score_info":{"LULU":0.9}},"isVote":1,"tweetType":1,"viewCount":3176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":145015095,"gmtCreate":1626183073317,"gmtModify":1631890704907,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"[Miser] [Miser] [Miser] ","listText":"[Miser] [Miser] [Miser] ","text":"[Miser] [Miser] [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/145015095","repostId":"1121575153","repostType":4,"isVote":1,"tweetType":1,"viewCount":3514,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154445171,"gmtCreate":1625541769993,"gmtModify":1631890704934,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"[OMG] ","listText":"[OMG] ","text":"[OMG]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/154445171","repostId":"2149466331","repostType":4,"isVote":1,"tweetType":1,"viewCount":3016,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158886187,"gmtCreate":1625143940849,"gmtModify":1631890704934,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"[Miser] [Miser] [Miser] ","listText":"[Miser] [Miser] [Miser] ","text":"[Miser] [Miser] [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/158886187","repostId":"1106223449","repostType":4,"repost":{"id":"1106223449","kind":"news","pubTimestamp":1625122086,"share":"https://www.laohu8.com/m/news/1106223449?lang=zh_CN&edition=full","pubTime":"2021-07-01 14:48","market":"us","language":"en","title":"The S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.<blockquote>标普500取得了自互联网泡沫以来第二好的上半年成绩。接下来会发生什么。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1106223449","media":"Barrons","summary":"Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.\nThe S&P 5","content":"<p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d70d0323609e9ce596a9a90e475422d1\" tg-width=\"1260\" tg-height=\"840\"><span>Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.</span></p><p><blockquote><p class=\"t-img-caption\"><span>自1979年以来,标普500上半年涨幅达到或超过10%已有14次。</span></p></blockquote></p><p> The S&P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock market keeps on rising.</p><p><blockquote>标普500的上半年表现是自互联网泡沫以来第二好的。如果股市继续上涨,不要感到惊讶。</blockquote></p><p> With June coming to an end, the S&P 500 finished the first half of 2021 with a gain of 14.4%. Since 1998, only 2019’s 17.4% first-half surge has been larger.</p><p><blockquote>随着6月接近尾声,标普500以14.4%的涨幅结束了2021年上半年。自1998年以来,只有2019年上半年17.4%的增幅更大。</blockquote></p><p> The market got a boost from Covid-19 vaccinations, which have helped the U.S. economy reopen, while trillions of dollars of fiscal stimulus have helped shore up demand. The gains continued even as concerns about inflation have increased speculation that the Federal Reserve would be forced to take steps to slow the economy.</p><p><blockquote>Covid-19疫苗接种提振了市场,帮助美国经济重新开放,而数万亿美元的财政刺激措施帮助支撑了需求。尽管对通胀的担忧加剧了人们对美联储将被迫采取措施减缓经济增长的猜测,但涨幅仍在继续。</blockquote></p><p> The combination of big gains and a more hawkish Fed have raised concerns that the market has become too complacent. If inflation continues to run hot for long enough, the central bank could be forced to act more quickly than the market expects—and cause stocks to tumble. Others worry that U.S. economic growth could slow faster than investors anticipate, causing a pullback in the process.</p><p><blockquote>大幅上涨和美联储更加鹰派的结合引发了市场过于自满的担忧。如果通胀持续持续足够长的时间,央行可能会被迫以比市场预期更快的速度采取行动,并导致股市暴跌。其他人担心美国。经济增长放缓的速度可能快于投资者的预期,导致经济增长放缓。</blockquote></p><p> For those who take that view, there is no better time to back away from the stock market than the present. History suggests otherwise.</p><p><blockquote>对于持这种观点的人来说,没有比现在更好的退出股市的时机了。历史表明并非如此。</blockquote></p><p> Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year, and the index has gone on to average a 6.3% gain over the second half of the year. What’s more, the index finished the second half of the year higher In 11 of those instances, or 79% of the time.</p><p><blockquote>自1979年以来,标普500上半年涨幅达到或超过10%的有14次,下半年该指数平均涨幅为6.3%。更重要的是,该指数在下半年有11次(即79%的时间)走高。</blockquote></p><p> Even the losses, when they occurred, weren’t all that bad. The S&P 500 dropped 1.9% in the second half of 1983 and 3.5% during the last six months of 1986.</p><p><blockquote>即使是损失,当它们发生时,也没有那么糟糕。标普500在1983年下半年下降了1.9%,在1986年最后六个月下降了3.5%。</blockquote></p><p> The one exception was the last six months of 1987 when the index fell 19% during the second half of the year. That period included Black Monday, when the S&P 500 dropped 20% in one day, still a record loss. While selling linked to so-called portfolio insurance was ultimately blamed for the size and speed of the loss, the second half of 1987 was a period of rising bond yields and high stock-market valuations, just like the first half of 2021.</p><p><blockquote>一个例外是1987年的最后六个月,该指数在下半年下跌了19%。那段时间包括黑色星期一,当时标普500在一天内下跌了20%,仍然是创纪录的跌幅。虽然与所谓投资组合保险相关的抛售最终被归咎于损失的规模和速度,但1987年下半年是债券收益率上升和股市估值高的时期,就像2021年上半年一样。</blockquote></p><p> Still, the market has been acting like it wants to go higher, not lower. Pullbacks, a normal event in the midst of bull runs, have been mild in 2021, with the largest drops being less than 4%. “What the [S&P 500] has done throughout 2021 is pick itself up when and where it has needed to, maintaining an uptrend all along,” writes Frank Cappelleri, chief market technician at Instinet.</p><p><blockquote>尽管如此,市场一直表现得想要走高,而不是走低。回调是牛市中的正常事件,在2021年表现温和,最大跌幅不到4%。Instinet首席市场技术员Frank Cappelleri写道:“[标普500]在2021年所做的就是在需要的时间和地点回升,始终保持上升趋势。”</blockquote></p><p> That 6.3% average second-half rise would push the S&P 500’s full-year gain to around 23%. That would represent a “textbook [market] recovery” from a recession, says Fundstrat’s Tom Lee.</p><p><blockquote>下半年6.3%的平均涨幅将使标普500的全年涨幅达到23%左右。Fundstrat的汤姆·李(Tom Lee)表示,这将代表着从衰退中“教科书式的[市场]复苏”。</blockquote></p><p> For now, at least, the path of least resistance is higher.</p><p><blockquote>至少就目前而言,阻力最小的路径更高。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3cb229b2e05d59b9c126d464a7d771bb\" tg-width=\"958\" tg-height=\"647\"></p><p><blockquote></blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.<blockquote>标普500取得了自互联网泡沫以来第二好的上半年成绩。接下来会发生什么。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.<blockquote>标普500取得了自互联网泡沫以来第二好的上半年成绩。接下来会发生什么。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-07-01 14:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d70d0323609e9ce596a9a90e475422d1\" tg-width=\"1260\" tg-height=\"840\"><span>Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.</span></p><p><blockquote><p class=\"t-img-caption\"><span>自1979年以来,标普500上半年涨幅达到或超过10%已有14次。</span></p></blockquote></p><p> The S&P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock market keeps on rising.</p><p><blockquote>标普500的上半年表现是自互联网泡沫以来第二好的。如果股市继续上涨,不要感到惊讶。</blockquote></p><p> With June coming to an end, the S&P 500 finished the first half of 2021 with a gain of 14.4%. Since 1998, only 2019’s 17.4% first-half surge has been larger.</p><p><blockquote>随着6月接近尾声,标普500以14.4%的涨幅结束了2021年上半年。自1998年以来,只有2019年上半年17.4%的增幅更大。</blockquote></p><p> The market got a boost from Covid-19 vaccinations, which have helped the U.S. economy reopen, while trillions of dollars of fiscal stimulus have helped shore up demand. The gains continued even as concerns about inflation have increased speculation that the Federal Reserve would be forced to take steps to slow the economy.</p><p><blockquote>Covid-19疫苗接种提振了市场,帮助美国经济重新开放,而数万亿美元的财政刺激措施帮助支撑了需求。尽管对通胀的担忧加剧了人们对美联储将被迫采取措施减缓经济增长的猜测,但涨幅仍在继续。</blockquote></p><p> The combination of big gains and a more hawkish Fed have raised concerns that the market has become too complacent. If inflation continues to run hot for long enough, the central bank could be forced to act more quickly than the market expects—and cause stocks to tumble. Others worry that U.S. economic growth could slow faster than investors anticipate, causing a pullback in the process.</p><p><blockquote>大幅上涨和美联储更加鹰派的结合引发了市场过于自满的担忧。如果通胀持续持续足够长的时间,央行可能会被迫以比市场预期更快的速度采取行动,并导致股市暴跌。其他人担心美国。经济增长放缓的速度可能快于投资者的预期,导致经济增长放缓。</blockquote></p><p> For those who take that view, there is no better time to back away from the stock market than the present. History suggests otherwise.</p><p><blockquote>对于持这种观点的人来说,没有比现在更好的退出股市的时机了。历史表明并非如此。</blockquote></p><p> Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year, and the index has gone on to average a 6.3% gain over the second half of the year. What’s more, the index finished the second half of the year higher In 11 of those instances, or 79% of the time.</p><p><blockquote>自1979年以来,标普500上半年涨幅达到或超过10%的有14次,下半年该指数平均涨幅为6.3%。更重要的是,该指数在下半年有11次(即79%的时间)走高。</blockquote></p><p> Even the losses, when they occurred, weren’t all that bad. The S&P 500 dropped 1.9% in the second half of 1983 and 3.5% during the last six months of 1986.</p><p><blockquote>即使是损失,当它们发生时,也没有那么糟糕。标普500在1983年下半年下降了1.9%,在1986年最后六个月下降了3.5%。</blockquote></p><p> The one exception was the last six months of 1987 when the index fell 19% during the second half of the year. That period included Black Monday, when the S&P 500 dropped 20% in one day, still a record loss. While selling linked to so-called portfolio insurance was ultimately blamed for the size and speed of the loss, the second half of 1987 was a period of rising bond yields and high stock-market valuations, just like the first half of 2021.</p><p><blockquote>一个例外是1987年的最后六个月,该指数在下半年下跌了19%。那段时间包括黑色星期一,当时标普500在一天内下跌了20%,仍然是创纪录的跌幅。虽然与所谓投资组合保险相关的抛售最终被归咎于损失的规模和速度,但1987年下半年是债券收益率上升和股市估值高的时期,就像2021年上半年一样。</blockquote></p><p> Still, the market has been acting like it wants to go higher, not lower. Pullbacks, a normal event in the midst of bull runs, have been mild in 2021, with the largest drops being less than 4%. “What the [S&P 500] has done throughout 2021 is pick itself up when and where it has needed to, maintaining an uptrend all along,” writes Frank Cappelleri, chief market technician at Instinet.</p><p><blockquote>尽管如此,市场一直表现得想要走高,而不是走低。回调是牛市中的正常事件,在2021年表现温和,最大跌幅不到4%。Instinet首席市场技术员Frank Cappelleri写道:“[标普500]在2021年所做的就是在需要的时间和地点回升,始终保持上升趋势。”</blockquote></p><p> That 6.3% average second-half rise would push the S&P 500’s full-year gain to around 23%. That would represent a “textbook [market] recovery” from a recession, says Fundstrat’s Tom Lee.</p><p><blockquote>下半年6.3%的平均涨幅将使标普500的全年涨幅达到23%左右。Fundstrat的汤姆·李(Tom Lee)表示,这将代表着从衰退中“教科书式的[市场]复苏”。</blockquote></p><p> For now, at least, the path of least resistance is higher.</p><p><blockquote>至少就目前而言,阻力最小的路径更高。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3cb229b2e05d59b9c126d464a7d771bb\" tg-width=\"958\" tg-height=\"647\"></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.barrons.com/articles/stock-market-futures-crash-gains-51625071996?mod=hp_LEAD_1\">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":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/stock-market-futures-crash-gains-51625071996?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106223449","content_text":"Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.\nThe S&P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock market keeps on rising.\nWith June coming to an end, the S&P 500 finished the first half of 2021 with a gain of 14.4%. Since 1998, only 2019’s 17.4% first-half surge has been larger.\nThe market got a boost from Covid-19 vaccinations, which have helped the U.S. economy reopen, while trillions of dollars of fiscal stimulus have helped shore up demand. The gains continued even as concerns about inflation have increased speculation that the Federal Reserve would be forced to take steps to slow the economy.\nThe combination of big gains and a more hawkish Fed have raised concerns that the market has become too complacent. If inflation continues to run hot for long enough, the central bank could be forced to act more quickly than the market expects—and cause stocks to tumble. Others worry that U.S. economic growth could slow faster than investors anticipate, causing a pullback in the process.\nFor those who take that view, there is no better time to back away from the stock market than the present. History suggests otherwise.\nSince 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year, and the index has gone on to average a 6.3% gain over the second half of the year. What’s more, the index finished the second half of the year higher In 11 of those instances, or 79% of the time.\nEven the losses, when they occurred, weren’t all that bad. The S&P 500 dropped 1.9% in the second half of 1983 and 3.5% during the last six months of 1986.\nThe one exception was the last six months of 1987 when the index fell 19% during the second half of the year. That period included Black Monday, when the S&P 500 dropped 20% in one day, still a record loss. While selling linked to so-called portfolio insurance was ultimately blamed for the size and speed of the loss, the second half of 1987 was a period of rising bond yields and high stock-market valuations, just like the first half of 2021.\nStill, the market has been acting like it wants to go higher, not lower. Pullbacks, a normal event in the midst of bull runs, have been mild in 2021, with the largest drops being less than 4%. “What the [S&P 500] has done throughout 2021 is pick itself up when and where it has needed to, maintaining an uptrend all along,” writes Frank Cappelleri, chief market technician at Instinet.\nThat 6.3% average second-half rise would push the S&P 500’s full-year gain to around 23%. That would represent a “textbook [market] recovery” from a recession, says Fundstrat’s Tom Lee.\nFor now, at least, the path of least resistance is higher.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1656,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124430335,"gmtCreate":1624778070327,"gmtModify":1631890704931,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"[Smile] ","listText":"[Smile] ","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/124430335","repostId":"2146090006","repostType":4,"isVote":1,"tweetType":1,"viewCount":2848,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124964272,"gmtCreate":1624720784596,"gmtModify":1631890704934,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"[Miser] ","listText":"[Miser] ","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/124964272","repostId":"1116948252","repostType":4,"isVote":1,"tweetType":1,"viewCount":1564,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":180931957,"gmtCreate":1623167743079,"gmtModify":1631890704941,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"Promising stock to hold","listText":"Promising stock to hold","text":"Promising stock to hold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/180931957","repostId":"1133174841","repostType":2,"isVote":1,"tweetType":1,"viewCount":2799,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112607350,"gmtCreate":1622864064270,"gmtModify":1631890704944,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"What does this even mean?","listText":"What does this even mean?","text":"What does this even mean?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/112607350","repostId":"2141404739","repostType":2,"isVote":1,"tweetType":1,"viewCount":3418,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":102561024,"gmtCreate":1620224543568,"gmtModify":1631890704937,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/102561024","repostId":"2133528055","repostType":4,"isVote":1,"tweetType":1,"viewCount":2368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106434629,"gmtCreate":1620138444161,"gmtModify":1631890704945,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"Hold ur horses ","listText":"Hold ur horses ","text":"Hold ur horses","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/106434629","repostId":"1150215705","repostType":4,"repost":{"id":"1150215705","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":1620135133,"share":"https://www.laohu8.com/m/news/1150215705?lang=zh_CN&edition=full","pubTime":"2021-05-04 21:32","market":"us","language":"en","title":"Stocks decline after a solid start to May, tech shares lead losses<blockquote>股市在五月强劲开局后下跌,科技股领跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1150215705","media":"Tiger Newspress","summary":"(May 4) The major averages fell on Tuesday, following a strong start to May, with technology stocks ","content":"<p>(May 4) The major averages fell on Tuesday, following a strong start to May, with technology stocks experiencing the biggest selling pressure.</p><p><blockquote>(5月4日)继5月强劲开局后,主要股指周二下跌,科技股遭遇最大抛售压力。</blockquote></p><p>The Dow Jones Industrial Average lost 90 points. The S&P 500 fell 0.5%. The tech-heavy Nasdaq Composite was the hardest hit, dropping 0.9%.</p><p><blockquote>道琼斯工业平均指数下跌90点。标普500下跌0.5%。以科技股为主的纳斯达克综合指数受到的打击最为严重,下跌0.9%。</blockquote></p><p>Apple, Tesla and Alphabet were all down 1% shortly after the open.</p><p><blockquote>苹果、特斯拉和Alphabet开盘后不久均下跌1%。</blockquote></p><p>Bank stocks rally. </p><p><blockquote>银行股上涨。</blockquote></p><p><img src=\"https://static.tigerbbs.com/b474d7c79644c649a1944236e72262f6\" tg-width=\"268\" tg-height=\"240\">Oil stocks rose.</p><p><blockquote>石油股上涨。</blockquote></p><p><img src=\"https://static.tigerbbs.com/deb5072ad8a43d76f9f7322e8c5525c6\" tg-width=\"266\" tg-height=\"241\"></p><p><blockquote></blockquote></p><p>Countering that move were stocks rising on strong earnings. Pfizer shares rose 1% in premarket tradingafter posting quarterly resultsthat beat expectations and raising its 2021 guidance. CVS Health shares jumped 3% after the pharmacy chain and insurance companyalso raised its guidance.</p><p><blockquote>与这一走势相反的是股市因强劲盈利而上涨。辉瑞公布季度业绩超出预期并上调2021年指引后,股价在盘前交易中上涨1%。在连锁药店和保险公司CVS Health也上调指引后,该公司股价上涨3%。</blockquote></p><p>United States Steelmoved 3% higher in premarket trading after Credit Suisseupgradedthe stock to outperform from underperform, saying that the surge in prices for steel made it clear that the industry was in a “super cycle.”</p><p><blockquote>瑞士信贷将美国钢铁公司股票评级从跑输大盘上调至跑赢大盘,称钢铁价格飙升清楚地表明该行业正处于“超级周期”,该股在盘前交易中上涨3%。</blockquote></p><p>The move in futures occurred as investors jockeyed to pick which shares to ride and which shares to dump from here with the market at all time highs. Investors are torn between playing the reopening with shares like retailers or continuing to bet on Big Tech, which just reported blockbuster earnings.</p><p><blockquote>在市场处于历史高点的情况下,投资者争先恐后地选择买入哪些股票以及抛售哪些股票。投资者在选择零售商等股票重新开放还是继续押注刚刚公布巨额收益的大型科技公司之间左右为难。</blockquote></p><p>“The whole thing to me is this amazing leadership problem,” Frank Gretz, a technical analyst at Wellington Shields, told CNBC. “There were 2,800 stocks up on the New York Stock Exchange yesterday, but it was hard to make money. That’s a very unusual pattern. It’s just the difference between these reopen stocks versus the tech stocks.”</p><p><blockquote>Wellington Shields的技术分析师Frank Gretz告诉CNBC:“对我来说,整个事情就是这个惊人的领导力问题。”“昨天纽约证券交易所有2800只股票上涨,但很难赚钱。这是一个非常不寻常的模式。这只是这些重新开放的股票与科技股之间的差异。”</blockquote></p><p>The move in futures followed solid gains for the Dow on Monday as piled into shares that would benefit the most from an economic reopening. The 30-stock benchmark rallied more than 200 points, while the S&P 500 inched up 0.3%. Retail stocks led the market advance with Gap and Macy’s rallying more than 7%. Dillard’s rose nearly 10%, while Urban Outfitters and Kohl’s both gained more than 5%.</p><p><blockquote>期货走势是在道琼斯指数周一强劲上涨之后出现的,因为人们涌入了将从经济重新开放中受益最大的股票。30只股票基准上涨超过200点,而标普500小幅上涨0.3%。零售股领涨市场,Gap和梅西百货上涨超过7%。Dillard's涨近10%,Urban Outfitters和Kohl's均涨超5%。</blockquote></p><p>“Buying activity picked up within industrials, Boeing and Delta saw heavy trading activity as investors may be taking advantage of depressed pricing and banking on reopenings,” said Chris Larkin, managing director of trading and investing product at E-Trade Financial.</p><p><blockquote>E-Trade Financial交易和投资产品董事总经理克里斯·拉金(Chris Larkin)表示:“工业、波音和达美航空的购买活动有所回升,交易活动活跃,因为投资者可能会利用低迷的定价和重新开放的银行业务。”</blockquote></p><p>States continued to relax pandemic restrictions amid the vaccine rollout. New York Gov. Andrew Cuomo announced that most capacity restrictions will be lifted across New York, New Jersey and Connecticut, while 24-hour subway service will resume in New York City later this month.</p><p><blockquote>在疫苗推出期间,各州继续放松大流行限制。纽约州州长安德鲁·科莫宣布,纽约、新泽西和康涅狄格将取消大部分运力限制,而纽约市将于本月晚些时候恢复24小时地铁服务。</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>Stocks decline after a solid start to May, tech shares lead losses<blockquote>股市在五月强劲开局后下跌,科技股领跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStocks decline after a solid start to May, tech shares lead losses<blockquote>股市在五月强劲开局后下跌,科技股领跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-05-04 21:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(May 4) The major averages fell on Tuesday, following a strong start to May, with technology stocks experiencing the biggest selling pressure.</p><p><blockquote>(5月4日)继5月强劲开局后,主要股指周二下跌,科技股遭遇最大抛售压力。</blockquote></p><p>The Dow Jones Industrial Average lost 90 points. The S&P 500 fell 0.5%. The tech-heavy Nasdaq Composite was the hardest hit, dropping 0.9%.</p><p><blockquote>道琼斯工业平均指数下跌90点。标普500下跌0.5%。以科技股为主的纳斯达克综合指数受到的打击最为严重,下跌0.9%。</blockquote></p><p>Apple, Tesla and Alphabet were all down 1% shortly after the open.</p><p><blockquote>苹果、特斯拉和Alphabet开盘后不久均下跌1%。</blockquote></p><p>Bank stocks rally. </p><p><blockquote>银行股上涨。</blockquote></p><p><img src=\"https://static.tigerbbs.com/b474d7c79644c649a1944236e72262f6\" tg-width=\"268\" tg-height=\"240\">Oil stocks rose.</p><p><blockquote>石油股上涨。</blockquote></p><p><img src=\"https://static.tigerbbs.com/deb5072ad8a43d76f9f7322e8c5525c6\" tg-width=\"266\" tg-height=\"241\"></p><p><blockquote></blockquote></p><p>Countering that move were stocks rising on strong earnings. Pfizer shares rose 1% in premarket tradingafter posting quarterly resultsthat beat expectations and raising its 2021 guidance. CVS Health shares jumped 3% after the pharmacy chain and insurance companyalso raised its guidance.</p><p><blockquote>与这一走势相反的是股市因强劲盈利而上涨。辉瑞公布季度业绩超出预期并上调2021年指引后,股价在盘前交易中上涨1%。在连锁药店和保险公司CVS Health也上调指引后,该公司股价上涨3%。</blockquote></p><p>United States Steelmoved 3% higher in premarket trading after Credit Suisseupgradedthe stock to outperform from underperform, saying that the surge in prices for steel made it clear that the industry was in a “super cycle.”</p><p><blockquote>瑞士信贷将美国钢铁公司股票评级从跑输大盘上调至跑赢大盘,称钢铁价格飙升清楚地表明该行业正处于“超级周期”,该股在盘前交易中上涨3%。</blockquote></p><p>The move in futures occurred as investors jockeyed to pick which shares to ride and which shares to dump from here with the market at all time highs. Investors are torn between playing the reopening with shares like retailers or continuing to bet on Big Tech, which just reported blockbuster earnings.</p><p><blockquote>在市场处于历史高点的情况下,投资者争先恐后地选择买入哪些股票以及抛售哪些股票。投资者在选择零售商等股票重新开放还是继续押注刚刚公布巨额收益的大型科技公司之间左右为难。</blockquote></p><p>“The whole thing to me is this amazing leadership problem,” Frank Gretz, a technical analyst at Wellington Shields, told CNBC. “There were 2,800 stocks up on the New York Stock Exchange yesterday, but it was hard to make money. That’s a very unusual pattern. It’s just the difference between these reopen stocks versus the tech stocks.”</p><p><blockquote>Wellington Shields的技术分析师Frank Gretz告诉CNBC:“对我来说,整个事情就是这个惊人的领导力问题。”“昨天纽约证券交易所有2800只股票上涨,但很难赚钱。这是一个非常不寻常的模式。这只是这些重新开放的股票与科技股之间的差异。”</blockquote></p><p>The move in futures followed solid gains for the Dow on Monday as piled into shares that would benefit the most from an economic reopening. The 30-stock benchmark rallied more than 200 points, while the S&P 500 inched up 0.3%. Retail stocks led the market advance with Gap and Macy’s rallying more than 7%. Dillard’s rose nearly 10%, while Urban Outfitters and Kohl’s both gained more than 5%.</p><p><blockquote>期货走势是在道琼斯指数周一强劲上涨之后出现的,因为人们涌入了将从经济重新开放中受益最大的股票。30只股票基准上涨超过200点,而标普500小幅上涨0.3%。零售股领涨市场,Gap和梅西百货上涨超过7%。Dillard's涨近10%,Urban Outfitters和Kohl's均涨超5%。</blockquote></p><p>“Buying activity picked up within industrials, Boeing and Delta saw heavy trading activity as investors may be taking advantage of depressed pricing and banking on reopenings,” said Chris Larkin, managing director of trading and investing product at E-Trade Financial.</p><p><blockquote>E-Trade Financial交易和投资产品董事总经理克里斯·拉金(Chris Larkin)表示:“工业、波音和达美航空的购买活动有所回升,交易活动活跃,因为投资者可能会利用低迷的定价和重新开放的银行业务。”</blockquote></p><p>States continued to relax pandemic restrictions amid the vaccine rollout. New York Gov. Andrew Cuomo announced that most capacity restrictions will be lifted across New York, New Jersey and Connecticut, while 24-hour subway service will resume in New York City later this month.</p><p><blockquote>在疫苗推出期间,各州继续放松大流行限制。纽约州州长安德鲁·科莫宣布,纽约、新泽西和康涅狄格将取消大部分运力限制,而纽约市将于本月晚些时候恢复24小时地铁服务。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150215705","content_text":"(May 4) The major averages fell on Tuesday, following a strong start to May, with technology stocks experiencing the biggest selling pressure.The Dow Jones Industrial Average lost 90 points. The S&P 500 fell 0.5%. The tech-heavy Nasdaq Composite was the hardest hit, dropping 0.9%.Apple, Tesla and Alphabet were all down 1% shortly after the open.Bank stocks rally. Oil stocks rose.Countering that move were stocks rising on strong earnings. Pfizer shares rose 1% in premarket tradingafter posting quarterly resultsthat beat expectations and raising its 2021 guidance. CVS Health shares jumped 3% after the pharmacy chain and insurance companyalso raised its guidance.United States Steelmoved 3% higher in premarket trading after Credit Suisseupgradedthe stock to outperform from underperform, saying that the surge in prices for steel made it clear that the industry was in a “super cycle.”The move in futures occurred as investors jockeyed to pick which shares to ride and which shares to dump from here with the market at all time highs. Investors are torn between playing the reopening with shares like retailers or continuing to bet on Big Tech, which just reported blockbuster earnings.“The whole thing to me is this amazing leadership problem,” Frank Gretz, a technical analyst at Wellington Shields, told CNBC. “There were 2,800 stocks up on the New York Stock Exchange yesterday, but it was hard to make money. That’s a very unusual pattern. It’s just the difference between these reopen stocks versus the tech stocks.”The move in futures followed solid gains for the Dow on Monday as piled into shares that would benefit the most from an economic reopening. The 30-stock benchmark rallied more than 200 points, while the S&P 500 inched up 0.3%. Retail stocks led the market advance with Gap and Macy’s rallying more than 7%. Dillard’s rose nearly 10%, while Urban Outfitters and Kohl’s both gained more than 5%.“Buying activity picked up within industrials, Boeing and Delta saw heavy trading activity as investors may be taking advantage of depressed pricing and banking on reopenings,” said Chris Larkin, managing director of trading and investing product at E-Trade Financial.States continued to relax pandemic restrictions amid the vaccine rollout. New York Gov. Andrew Cuomo announced that most capacity restrictions will be lifted across New York, New Jersey and Connecticut, while 24-hour subway service will resume in New York City later this month.","news_type":1,"symbols_score_info":{".DJI":0.9,"SPY":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1617,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108469654,"gmtCreate":1620049645078,"gmtModify":1631890704943,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"Please like thank you!","listText":"Please like thank you!","text":"Please like thank you!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/108469654","repostId":"1165463758","repostType":4,"isVote":1,"tweetType":1,"viewCount":481,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":100215903,"gmtCreate":1619616965102,"gmtModify":1634211320308,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"Pleaae help to like thank u!","listText":"Pleaae help to like thank u!","text":"Pleaae help to like thank u!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/100215903","repostId":"1137925814","repostType":4,"repost":{"id":"1137925814","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":1619611806,"share":"https://www.laohu8.com/m/news/1137925814?lang=zh_CN&edition=full","pubTime":"2021-04-28 20:10","market":"us","language":"en","title":"Toplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137925814","media":"Tiger Newspress","summary":"U.S. stock futures fell across the board Wednesday, the Dow Futures fell 0.26%,Nasdaq 100 Futures fe","content":"<p>U.S. stock futures fell across the board Wednesday, the Dow Futures fell 0.26%,Nasdaq 100 Futures fell 0.23%,S&P 500 Futuresfell 0.03%.As investors digest earnings from mega-cap tech companies ahead of the latest Federal Reserve meeting and a key speech from President Joe Biden.</p><p><blockquote>周三美股期货全线下跌,道指期货下跌0.26%,纳斯达克100指数期货下跌0.23%,标普500期货下跌0.03%。投资者在美联储最新会议和总统发表重要讲话之前消化大型科技公司的财报乔·拜登。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06e29b9aa288541087f7264a1b4f3f5e\" tg-width=\"1242\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:10</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源自Tiger Trade,美国东部时间08:10</span></p></blockquote></p><p>The U.S. central bank is not expected to change its ultra-easy monetary policies, with thedecisiondue at 2 PM ET (1900 GMT). A lot of the focus will be comments from Chairman Jerome Powell, who has been consistent of late in indicating that policymakers won't be withdrawing support anytime soon.</p><p><blockquote>预计美联储不会改变其超宽松货币政策,决定将于美国东部时间下午2点(格林威治标准时间1900)做出。很多焦点将是主席杰罗姆·鲍威尔的评论,他最近一直表示政策制定者不会很快撤回支持。</blockquote></p><p>Also of interest will be a speech by PresidentJoe Bidenbefore a joint session of Congress, where he is expected to call on U.S. policymakers to pass a $1.8 trillion package aimed toward children and families and the tax increases needed to pay for it.</p><p><blockquote>同样令人感兴趣的还有总统乔·拜登在国会联席会议上的讲话,预计他将在会上就美国政策制定者通过一项针对儿童和家庭的1.8万亿美元一揽子计划以及为此支付所需的增税进行看涨期权。</blockquote></p><p><b><i>Take a look at some of the biggest movers in the premarket:</i></b></p><p><blockquote><b><i>看看盘前市场中一些最大的推动者:</i></b></blockquote></p><p>Alphabet(GOOGL) – Alphabet reported record profit for the second consecutive quarter, earnings of $26.29 per share compared to a consensus estimate of $15.82 a share. Revenue beat forecasts, and the Google parent also announced a $50 billion share buyback. Shares jumped 5.1% premarket.</p><p><blockquote>Alphabet(GOOGL)——Alphabet连续第二个季度公布创纪录的利润,每股收益为26.29美元,而市场普遍预期为每股15.82美元。营收超出预期,谷歌母公司还宣布回购500亿美元股票。盘前股价上涨5.1%。</blockquote></p><p>Spotify(SPOT) – The music streaming service logged a smaller-than-expected loss for its latest quarter, as well as beating revenue estimates and reporting a 24% increase in monthly active users. Its projected range for the current quarter's operating loss falls largely below analyst forecasts, however, and the shares skidded 7.8% in the premarket.</p><p><blockquote>Spotify(SPOT)——这家音乐流媒体服务最近一个季度的亏损小于预期,收入超出预期,月活跃用户增长了24%。然而,其本季度运营亏损的预计范围大大低于分析师的预测,股价在盘前下跌7.8%。</blockquote></p><p>Pinterest(PINS) – Pinterest shares tanked 11.9% in the premarket, despite beating estimates on both the top and bottom lines for its latest quarter. Investors are focusing on a slowdown in user growth for the image-sharing company.</p><p><blockquote>Pinterest(PINS)——尽管Pinterest最近一个季度的营收和利润均超出预期,但其股价在盘前下跌11.9%。投资者关注这家图像共享公司用户增长放缓。</blockquote></p><p>Shopify(SHOP) – The e-commerce platform provider’s stock rallied 5.5% in the premarket after reporting better-than-expected earnings and revenue for its latest quarter. Shopify continues to benefit from the boom in online shopping.</p><p><blockquote>Shopify(SHOP)——这家电子商务平台提供商公布最新季度盈利和收入好于预期后,其股价在盘前上涨5.5%。Shopify继续受益于在线购物的繁荣。</blockquote></p><p>Boeing(BA) – Boeinglost $1.53 per share, compared to a consensus forecast for a loss of $1.15 per share. Revenue was better than expected, although the jet maker said the global pandemic continues to challenge the overall market environment. Boeing fell 1.2% in premarket trading.</p><p><blockquote>波音(BA)——波音每股亏损1.53美元,而市场普遍预测为每股亏损1.15美元。尽管这家飞机制造商表示全球大流行继续挑战整体市场环境,但收入好于预期。波音在盘前交易中下跌1.2%。</blockquote></p><p>Stanley Black & Decker(SWK) – The tool company beat estimates on the top and bottom lines for its latest quarter. The company also raised its fiscal year forecast and boosted its stock buyback plans by 20 million shares. Stanley Black & Decker saw particularly strong growth for tools and storage products.</p><p><blockquote>Stanley Black&Decker(SWK)——这家工具公司最近一个季度的营收和利润超出了预期。该公司还上调了财年预期,并将股票回购计划增加了2000万股。Stanley Black&Decker的工具和存储产品增长尤其强劲。</blockquote></p><p>Humana(HUM) – The health insurer earned $7.67 per share for its latest quarter, better than the $7.08 a share consensus estimate. Revenue beat forecasts as well, helped by strength in sales of its Medicare Advantage plans.</p><p><blockquote>Humana(HUM)——这家健康保险公司最近一个季度的每股收益为7.67美元,好于每股7.08美元的普遍预期。得益于Medicare Advantage计划销售强劲,收入也超出了预期。</blockquote></p><p>General Dynamics(GD) – The defense contractor’s shares added 2.2% in premarket action after it beat top and bottom line estimates for its latest quarter, helped by strength in its aerospace unit.</p><p><blockquote>通用动力(GD)——得益于航空航天部门的实力,这家国防承包商最近一个季度的营收和利润超出了预期,其股价在盘前上涨了2.2%。</blockquote></p><p>Garmin(GRMN) – Garmin earned $1.18 per share for the first quarter, beating the 89 cents a share consensus estimates. Revenue exceeded estimates by a wide margin amid double-digit growth for its fitness, outdoor, marine and auto segments.</p><p><blockquote>Garmin(GRMN)——Garmin第一季度每股收益1.18美元,超过每股89美分的普遍预期。健身、户外、船舶和汽车领域的收入实现两位数增长,大幅超出预期。</blockquote></p><p>Brinker International(EAT) – The parent of Chili’s and other restaurant chains missed estimates on the top and bottom lines for its latest quarter, but it gave a better-than-expected outlook. Shares rose 2.7% premarket.</p><p><blockquote>Brinker International(EAT)——Chili's和其他连锁餐厅的母公司最近一个季度的营收和利润未达到预期,但其前景好于预期。盘前股价上涨2.7%。</blockquote></p><p>Starbucks(SBUX) – Starbucks beat estimates by 9 cents a share, with quarterly earnings of 62 cents per share. Revenue came in short of forecasts, however, due to weak international sales. The coffee chain said U.S. sales have recovered to pre-pandemic levels. Starbucks shares slid 1.6% in premarket trading.</p><p><blockquote>星巴克(SBUX)——星巴克每股收益超出预期9美分,季度收益为每股62美分。然而,由于国际销售疲软,收入低于预期。这家咖啡连锁店表示,美国的销售额已经恢复到大流行前的水平。星巴克股价在盘前交易中下跌1.6%。</blockquote></p><p>Microsoft(MSFT) – Microsoft fell 2.5% in the premarket despite earning $1.95 per share for its latest quarter, beating the $1.78 a share consensus estimate. Revenue came in above forecasts as well, boosted by an expanding presence in cloud computing and business services.</p><p><blockquote>微软(MSFT)——尽管微软最近一个季度每股收益为1.95美元,超出了每股1.78美元的普遍预期,但盘前仍下跌2.5%。由于云计算和商业服务业务的扩大,收入也高于预期。</blockquote></p><p>Mondelez(MDLZ) – Mondelez came in 8 cents a share above estimates, with quarterly profit of 77 cents per share. The snack maker’s revenue also came in above Wall Street projections. Mondelez continues to benefit from consumers stocking up on snacks amid the pandemic, especially in international markets where lockdowns are still prevalent. Mondelez shares added 2.5% in premarket action.</p><p><blockquote>亿滋(MDLZ)-亿滋每股收益比预期高出8美分,季度利润为每股77美分。这家零食制造商的收入也高于华尔街的预测。亿滋继续受益于消费者在疫情期间囤积零食,特别是在封锁仍然普遍的国际市场。亿滋股价在盘前上涨2.5%。</blockquote></p><p>Visa(V) – Visa reported quarterly profit of $1.38 per share, 11 cents a share above estimates. The payment network operator also posted better-than-expected revenue, boosted by the ongoing surge in online shopping. Shares gained 1.6% in premarket action.</p><p><blockquote>Visa(V)-Visa报告季度利润为每股1.38美元,比预期高出11美分。受在线购物持续激增的推动,这家支付网络运营商的收入也好于预期。股价在盘前上涨1.6%。</blockquote></p><p></p><p>Sony(SONY) – Sony reported better-than-expected profit and revenue for its latest quarter, driven by an ongoing jump in gaming demand as well as the popularity of the PlayStation 5 gaming console. Sony gained 3.6% in premarket trading.</p><p><blockquote>索尼(SONY)——在游戏需求持续增长以及PlayStation 5游戏机受欢迎的推动下,索尼公布了好于预期的最新季度利润和收入。索尼在盘前交易中上涨3.6%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-04-28 20:10</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stock futures fell across the board Wednesday, the Dow Futures fell 0.26%,Nasdaq 100 Futures fell 0.23%,S&P 500 Futuresfell 0.03%.As investors digest earnings from mega-cap tech companies ahead of the latest Federal Reserve meeting and a key speech from President Joe Biden.</p><p><blockquote>周三美股期货全线下跌,道指期货下跌0.26%,纳斯达克100指数期货下跌0.23%,标普500期货下跌0.03%。投资者在美联储最新会议和总统发表重要讲话之前消化大型科技公司的财报乔·拜登。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06e29b9aa288541087f7264a1b4f3f5e\" tg-width=\"1242\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:10</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源自Tiger Trade,美国东部时间08:10</span></p></blockquote></p><p>The U.S. central bank is not expected to change its ultra-easy monetary policies, with thedecisiondue at 2 PM ET (1900 GMT). A lot of the focus will be comments from Chairman Jerome Powell, who has been consistent of late in indicating that policymakers won't be withdrawing support anytime soon.</p><p><blockquote>预计美联储不会改变其超宽松货币政策,决定将于美国东部时间下午2点(格林威治标准时间1900)做出。很多焦点将是主席杰罗姆·鲍威尔的评论,他最近一直表示政策制定者不会很快撤回支持。</blockquote></p><p>Also of interest will be a speech by PresidentJoe Bidenbefore a joint session of Congress, where he is expected to call on U.S. policymakers to pass a $1.8 trillion package aimed toward children and families and the tax increases needed to pay for it.</p><p><blockquote>同样令人感兴趣的还有总统乔·拜登在国会联席会议上的讲话,预计他将在会上就美国政策制定者通过一项针对儿童和家庭的1.8万亿美元一揽子计划以及为此支付所需的增税进行看涨期权。</blockquote></p><p><b><i>Take a look at some of the biggest movers in the premarket:</i></b></p><p><blockquote><b><i>看看盘前市场中一些最大的推动者:</i></b></blockquote></p><p>Alphabet(GOOGL) – Alphabet reported record profit for the second consecutive quarter, earnings of $26.29 per share compared to a consensus estimate of $15.82 a share. Revenue beat forecasts, and the Google parent also announced a $50 billion share buyback. Shares jumped 5.1% premarket.</p><p><blockquote>Alphabet(GOOGL)——Alphabet连续第二个季度公布创纪录的利润,每股收益为26.29美元,而市场普遍预期为每股15.82美元。营收超出预期,谷歌母公司还宣布回购500亿美元股票。盘前股价上涨5.1%。</blockquote></p><p>Spotify(SPOT) – The music streaming service logged a smaller-than-expected loss for its latest quarter, as well as beating revenue estimates and reporting a 24% increase in monthly active users. Its projected range for the current quarter's operating loss falls largely below analyst forecasts, however, and the shares skidded 7.8% in the premarket.</p><p><blockquote>Spotify(SPOT)——这家音乐流媒体服务最近一个季度的亏损小于预期,收入超出预期,月活跃用户增长了24%。然而,其本季度运营亏损的预计范围大大低于分析师的预测,股价在盘前下跌7.8%。</blockquote></p><p>Pinterest(PINS) – Pinterest shares tanked 11.9% in the premarket, despite beating estimates on both the top and bottom lines for its latest quarter. Investors are focusing on a slowdown in user growth for the image-sharing company.</p><p><blockquote>Pinterest(PINS)——尽管Pinterest最近一个季度的营收和利润均超出预期,但其股价在盘前下跌11.9%。投资者关注这家图像共享公司用户增长放缓。</blockquote></p><p>Shopify(SHOP) – The e-commerce platform provider’s stock rallied 5.5% in the premarket after reporting better-than-expected earnings and revenue for its latest quarter. Shopify continues to benefit from the boom in online shopping.</p><p><blockquote>Shopify(SHOP)——这家电子商务平台提供商公布最新季度盈利和收入好于预期后,其股价在盘前上涨5.5%。Shopify继续受益于在线购物的繁荣。</blockquote></p><p>Boeing(BA) – Boeinglost $1.53 per share, compared to a consensus forecast for a loss of $1.15 per share. Revenue was better than expected, although the jet maker said the global pandemic continues to challenge the overall market environment. Boeing fell 1.2% in premarket trading.</p><p><blockquote>波音(BA)——波音每股亏损1.53美元,而市场普遍预测为每股亏损1.15美元。尽管这家飞机制造商表示全球大流行继续挑战整体市场环境,但收入好于预期。波音在盘前交易中下跌1.2%。</blockquote></p><p>Stanley Black & Decker(SWK) – The tool company beat estimates on the top and bottom lines for its latest quarter. The company also raised its fiscal year forecast and boosted its stock buyback plans by 20 million shares. Stanley Black & Decker saw particularly strong growth for tools and storage products.</p><p><blockquote>Stanley Black&Decker(SWK)——这家工具公司最近一个季度的营收和利润超出了预期。该公司还上调了财年预期,并将股票回购计划增加了2000万股。Stanley Black&Decker的工具和存储产品增长尤其强劲。</blockquote></p><p>Humana(HUM) – The health insurer earned $7.67 per share for its latest quarter, better than the $7.08 a share consensus estimate. Revenue beat forecasts as well, helped by strength in sales of its Medicare Advantage plans.</p><p><blockquote>Humana(HUM)——这家健康保险公司最近一个季度的每股收益为7.67美元,好于每股7.08美元的普遍预期。得益于Medicare Advantage计划销售强劲,收入也超出了预期。</blockquote></p><p>General Dynamics(GD) – The defense contractor’s shares added 2.2% in premarket action after it beat top and bottom line estimates for its latest quarter, helped by strength in its aerospace unit.</p><p><blockquote>通用动力(GD)——得益于航空航天部门的实力,这家国防承包商最近一个季度的营收和利润超出了预期,其股价在盘前上涨了2.2%。</blockquote></p><p>Garmin(GRMN) – Garmin earned $1.18 per share for the first quarter, beating the 89 cents a share consensus estimates. Revenue exceeded estimates by a wide margin amid double-digit growth for its fitness, outdoor, marine and auto segments.</p><p><blockquote>Garmin(GRMN)——Garmin第一季度每股收益1.18美元,超过每股89美分的普遍预期。健身、户外、船舶和汽车领域的收入实现两位数增长,大幅超出预期。</blockquote></p><p>Brinker International(EAT) – The parent of Chili’s and other restaurant chains missed estimates on the top and bottom lines for its latest quarter, but it gave a better-than-expected outlook. Shares rose 2.7% premarket.</p><p><blockquote>Brinker International(EAT)——Chili's和其他连锁餐厅的母公司最近一个季度的营收和利润未达到预期,但其前景好于预期。盘前股价上涨2.7%。</blockquote></p><p>Starbucks(SBUX) – Starbucks beat estimates by 9 cents a share, with quarterly earnings of 62 cents per share. Revenue came in short of forecasts, however, due to weak international sales. The coffee chain said U.S. sales have recovered to pre-pandemic levels. Starbucks shares slid 1.6% in premarket trading.</p><p><blockquote>星巴克(SBUX)——星巴克每股收益超出预期9美分,季度收益为每股62美分。然而,由于国际销售疲软,收入低于预期。这家咖啡连锁店表示,美国的销售额已经恢复到大流行前的水平。星巴克股价在盘前交易中下跌1.6%。</blockquote></p><p>Microsoft(MSFT) – Microsoft fell 2.5% in the premarket despite earning $1.95 per share for its latest quarter, beating the $1.78 a share consensus estimate. Revenue came in above forecasts as well, boosted by an expanding presence in cloud computing and business services.</p><p><blockquote>微软(MSFT)——尽管微软最近一个季度每股收益为1.95美元,超出了每股1.78美元的普遍预期,但盘前仍下跌2.5%。由于云计算和商业服务业务的扩大,收入也高于预期。</blockquote></p><p>Mondelez(MDLZ) – Mondelez came in 8 cents a share above estimates, with quarterly profit of 77 cents per share. The snack maker’s revenue also came in above Wall Street projections. Mondelez continues to benefit from consumers stocking up on snacks amid the pandemic, especially in international markets where lockdowns are still prevalent. Mondelez shares added 2.5% in premarket action.</p><p><blockquote>亿滋(MDLZ)-亿滋每股收益比预期高出8美分,季度利润为每股77美分。这家零食制造商的收入也高于华尔街的预测。亿滋继续受益于消费者在疫情期间囤积零食,特别是在封锁仍然普遍的国际市场。亿滋股价在盘前上涨2.5%。</blockquote></p><p>Visa(V) – Visa reported quarterly profit of $1.38 per share, 11 cents a share above estimates. The payment network operator also posted better-than-expected revenue, boosted by the ongoing surge in online shopping. Shares gained 1.6% in premarket action.</p><p><blockquote>Visa(V)-Visa报告季度利润为每股1.38美元,比预期高出11美分。受在线购物持续激增的推动,这家支付网络运营商的收入也好于预期。股价在盘前上涨1.6%。</blockquote></p><p></p><p>Sony(SONY) – Sony reported better-than-expected profit and revenue for its latest quarter, driven by an ongoing jump in gaming demand as well as the popularity of the PlayStation 5 gaming console. Sony gained 3.6% in premarket trading.</p><p><blockquote>索尼(SONY)——在游戏需求持续增长以及PlayStation 5游戏机受欢迎的推动下,索尼公布了好于预期的最新季度利润和收入。索尼在盘前交易中上涨3.6%。</blockquote></p><p></p>\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"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137925814","content_text":"U.S. stock futures fell across the board Wednesday, the Dow Futures fell 0.26%,Nasdaq 100 Futures fell 0.23%,S&P 500 Futuresfell 0.03%.As investors digest earnings from mega-cap tech companies ahead of the latest Federal Reserve meeting and a key speech from President Joe Biden.*Source From Tiger Trade, EST 08:10The U.S. central bank is not expected to change its ultra-easy monetary policies, with thedecisiondue at 2 PM ET (1900 GMT). A lot of the focus will be comments from Chairman Jerome Powell, who has been consistent of late in indicating that policymakers won't be withdrawing support anytime soon.Also of interest will be a speech by PresidentJoe Bidenbefore a joint session of Congress, where he is expected to call on U.S. policymakers to pass a $1.8 trillion package aimed toward children and families and the tax increases needed to pay for it.Take a look at some of the biggest movers in the premarket:Alphabet(GOOGL) – Alphabet reported record profit for the second consecutive quarter, earnings of $26.29 per share compared to a consensus estimate of $15.82 a share. Revenue beat forecasts, and the Google parent also announced a $50 billion share buyback. Shares jumped 5.1% premarket.Spotify(SPOT) – The music streaming service logged a smaller-than-expected loss for its latest quarter, as well as beating revenue estimates and reporting a 24% increase in monthly active users. Its projected range for the current quarter's operating loss falls largely below analyst forecasts, however, and the shares skidded 7.8% in the premarket.Pinterest(PINS) – Pinterest shares tanked 11.9% in the premarket, despite beating estimates on both the top and bottom lines for its latest quarter. Investors are focusing on a slowdown in user growth for the image-sharing company.Shopify(SHOP) – The e-commerce platform provider’s stock rallied 5.5% in the premarket after reporting better-than-expected earnings and revenue for its latest quarter. Shopify continues to benefit from the boom in online shopping.Boeing(BA) – Boeinglost $1.53 per share, compared to a consensus forecast for a loss of $1.15 per share. Revenue was better than expected, although the jet maker said the global pandemic continues to challenge the overall market environment. Boeing fell 1.2% in premarket trading.Stanley Black & Decker(SWK) – The tool company beat estimates on the top and bottom lines for its latest quarter. The company also raised its fiscal year forecast and boosted its stock buyback plans by 20 million shares. Stanley Black & Decker saw particularly strong growth for tools and storage products.Humana(HUM) – The health insurer earned $7.67 per share for its latest quarter, better than the $7.08 a share consensus estimate. Revenue beat forecasts as well, helped by strength in sales of its Medicare Advantage plans.General Dynamics(GD) – The defense contractor’s shares added 2.2% in premarket action after it beat top and bottom line estimates for its latest quarter, helped by strength in its aerospace unit.Garmin(GRMN) – Garmin earned $1.18 per share for the first quarter, beating the 89 cents a share consensus estimates. Revenue exceeded estimates by a wide margin amid double-digit growth for its fitness, outdoor, marine and auto segments.Brinker International(EAT) – The parent of Chili’s and other restaurant chains missed estimates on the top and bottom lines for its latest quarter, but it gave a better-than-expected outlook. Shares rose 2.7% premarket.Starbucks(SBUX) – Starbucks beat estimates by 9 cents a share, with quarterly earnings of 62 cents per share. Revenue came in short of forecasts, however, due to weak international sales. The coffee chain said U.S. sales have recovered to pre-pandemic levels. Starbucks shares slid 1.6% in premarket trading.Microsoft(MSFT) – Microsoft fell 2.5% in the premarket despite earning $1.95 per share for its latest quarter, beating the $1.78 a share consensus estimate. Revenue came in above forecasts as well, boosted by an expanding presence in cloud computing and business services.Mondelez(MDLZ) – Mondelez came in 8 cents a share above estimates, with quarterly profit of 77 cents per share. The snack maker’s revenue also came in above Wall Street projections. Mondelez continues to benefit from consumers stocking up on snacks amid the pandemic, especially in international markets where lockdowns are still prevalent. Mondelez shares added 2.5% in premarket action.Visa(V) – Visa reported quarterly profit of $1.38 per share, 11 cents a share above estimates. The payment network operator also posted better-than-expected revenue, boosted by the ongoing surge in online shopping. Shares gained 1.6% in premarket action.Sony(SONY) – Sony reported better-than-expected profit and revenue for its latest quarter, driven by an ongoing jump in gaming demand as well as the popularity of the PlayStation 5 gaming console. Sony gained 3.6% in premarket trading.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":661,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377997569,"gmtCreate":1619488091251,"gmtModify":1634212354632,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/377997569","repostId":"1162527053","repostType":4,"isVote":1,"tweetType":1,"viewCount":723,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377071494,"gmtCreate":1619486730118,"gmtModify":1634212373675,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"Tsm all the way! Pls like and comment!","listText":"Tsm all the way! Pls like and comment!","text":"Tsm all the way! Pls like and comment!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/377071494","repostId":"1186896771","repostType":4,"repost":{"id":"1186896771","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":1619442925,"share":"https://www.laohu8.com/m/news/1186896771?lang=zh_CN&edition=full","pubTime":"2021-04-26 21:15","market":"us","language":"en","title":"TSMC will invest $ 2.8 billion in China in order to increase chip production car<blockquote>台积电将在中国投资28亿美元以增加芯片产量</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1186896771","media":"Tiger Newspress","summary":"TSMC will invest $ 2.8 billion in China in order to increase chip production car.","content":"<p>TSMC will invest $ 2.8 billion in China in order to increase chip production car.</p><p><blockquote>台积电将在中国投资28亿美元,以增加芯片产量。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/316b416c90dad568e492750f39e0aa30\" tg-width=\"840\" tg-height=\"470\"></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>TSMC will invest $ 2.8 billion in China in order to increase chip production car<blockquote>台积电将在中国投资28亿美元以增加芯片产量</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; 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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>Coinbase fell 2% in pre-market<blockquote>Coinbase盘前跌2%</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\">\nCoinbase fell 2% in pre-market<blockquote>Coinbase盘前跌2%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-04-22 16:37</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Coinbase fell 2% in pre-market,CAN fell 5% in pre-market.</p><p><blockquote>Coinbase盘前跌2%,CAN盘前跌5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a245b71687488605f955ec15303a9c6e\" tg-width=\"1292\" tg-height=\"611\"><img src=\"https://static.tigerbbs.com/bf893863a65371e5d47290aed551c857\" tg-width=\"1283\" tg-height=\"632\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAN":"嘉楠科技","COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139323495","content_text":"Coinbase fell 2% in pre-market,CAN fell 5% in pre-market.","news_type":1,"symbols_score_info":{"CAN":0.9,"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":681,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378163106,"gmtCreate":1619011579605,"gmtModify":1631885489589,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"Time to buy","listText":"Time to buy","text":"Time to buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/378163106","repostId":"1133987686","repostType":4,"repost":{"id":"1133987686","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":1619007348,"share":"https://www.laohu8.com/m/news/1133987686?lang=zh_CN&edition=full","pubTime":"2021-04-21 20:15","market":"us","language":"en","title":"Toplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1133987686","media":"Tiger Newspress","summary":"Netflix drags down nasdaq futuresTreasuries halt rally after 10-year yield slid to 5-week lowU.S. fu","content":"<p><ul><li>Netflix drags down nasdaq futures</li></ul><ul><li>Treasuries halt rally after 10-year yield slid to 5-week low</li></ul>U.S. futures were mixed as underperformance in the Nasdaq 100 signaled the rotation away from pandemic favorites is gaining ground. Treasury yields halted a slide that had taken them to a five-week low.</p><p><blockquote><ul><li>Netflix拖累纳斯达克期货</li></ul><ul><li>10年期国债收益率跌至5周低点后停止涨势</li></ul>美国期货涨跌互现,因为纳斯达克100指数表现不佳,表明从大流行热门股的轮换正在取得进展。美国国债收益率止住了跌至五周低点的下滑。</blockquote></p><p>At 8:00 a.m. ET, Dow e-minis were up 11 points, or 0.03%, S&P 500 e-minis were down 0.75 points, or 0.02%, and Nasdaq 100 e-minis were down 26.75 points, or 0.19%.</p><p><blockquote>截至美国东部时间上午8:00,道指e-mini上涨11点,涨幅0.03%,标普500 e-mini下跌0.75点,涨幅0.02%,纳斯达克100 e-mini下跌26.75点,涨幅0.19%。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c293a0649fd6c7c229a3ec2b0b714acf\" tg-width=\"1080\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:00</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源自Tiger Trade,美国东部时间08:00</span></p></blockquote></p><p>Netflix,the streaming service provider tumbled 8.5% in premarket trading after its report showed slower production of TV shows and movies during the pandemic hurt subscriber growth in the first quarter.</p><p><blockquote>流媒体服务提供商Netflix在盘前交易中下跌8.5%,此前其报告显示,疫情期间电视节目和电影制作放缓损害了第一季度的订户增长。</blockquote></p><p><b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票:</b></blockquote></p><p><b>Netflix (NFLX) </b>– Netflix tumbled 8.5% in premarket trading, even after beating estimates on both the top and bottom lines for its latest quarter. Investors are focusing on weaker-than-expected subscriber growth numbers for the video streaming giant.</p><p><blockquote><b>Netflix(NFLX)</b>–Netflix在盘前交易中下跌8.5%,尽管其最新季度的营收和利润均超出预期。投资者关注这家视频流媒体巨头弱于预期的用户增长数据。</blockquote></p><p><b>ASML (ASML)</b> – ASML gained 3.9% in premarket action after it reported better-than-expected first-quarter profit, as the supplier of semiconductor manufacturing equipment benefits from the global surge in chip demand. ASML also raised its full-year outlook.</p><p><blockquote><b>阿斯麦(ASML)</b>–ASML公布第一季度利润好于预期,该半导体制造设备供应商受益于全球芯片需求激增,盘前股价上涨3.9%。ASML也上调了全年预期。</blockquote></p><p><b>Moderna (MRNA)</b> – The drugmaker’s shares gained 0.5% in premarket trading, after it struck a new Covid-19 vaccine supply deal with Israel for 2022. Israel also got an option to buy doses of vaccine designed to treat specific variants of the virus.</p><p><blockquote><b>现代(MRNA)</b>–在与以色列达成2022年新的Covid-19疫苗供应协议后,该制药商股价在盘前交易中上涨0.5%。以色列还可以选择购买旨在治疗特定病毒变种的疫苗。</blockquote></p><p><b>Norwegian Cruise Line (NCLH)</b> – Norwegian shares rose 1.8% in the premarket after Goldman Sachs upgraded the cruise line operator to “buy” from “neutral.” Goldman cited several positive factors including Norwegian’s capacity growth and low leverage compared to its peers.</p><p><blockquote><b>挪威邮轮公司(NCLH)</b>-高盛将这家邮轮运营商的评级从“中性”上调至“买入”后,挪威股价盘前上涨1.8%。高盛列举了几个积极因素,包括挪威航空的产能增长和与同行相比的低杠杆率。</blockquote></p><p><b>Verizon (VZ) </b>– Verizon reported quarterly earnings of $1.31 per share, 2 cents a share above estimates. Revenue also beat analysts' forecasts. Verizon lost more wireless subscribers during the quarter than analysts had been anticipating.</p><p><blockquote><b>威瑞森(VZ)</b>-Verizon公布季度收益为每股1.31美元,比预期高出2美分。收入也超出了分析师的预期。Verizon本季度失去的无线用户数量超出了分析师的预期。</blockquote></p><p><b>Welbilt (WBT)</b> – Welbilt shares surged 20% in the premarket after the maker of professional foodservice equipment agreed to be bought by rival Middleby(MIDD) in an all-stock transaction with an implied value of $4.3 billion.</p><p><blockquote><b>韦尔比尔特(WBT)</b>-专业餐饮服务设备制造商Welbilt同意被竞争对手Middleby(MIDD)以隐含价值43亿美元的全股票交易收购,该公司股价在盘前飙升20%。</blockquote></p><p><b>Anthem (ANTM) </b>– The health insurer earned $7.01 per share for its latest quarter, beating estimates by 50 cents a share. Revenue fell short of Wall Street projections. Anthem also raised its full-year outlook, amid growth in its various medical plans and higher pharmacy benefit management revenue. The stock rose 1.6% in premarket trading.</p><p><blockquote><b>国歌(ANTM)</b>-这家健康保险公司最近一个季度每股收益7.01美元,比预期高出50美分。收入低于华尔街的预测。由于各种医疗计划的增长和药房福利管理收入的增加,Anthem还上调了全年预期。该股在盘前交易中上涨1.6%。</blockquote></p><p><b>Nasdaq (NDAQ)</b> – The stock exchange operator earned $1.96 per share for the first quarter, 23 cents a share above estimates. Revenue also came in above Street forecasts. Results were boosted by double-digit increases in equity and fixed income trading revenue. Nasdaq also announced a 10% dividend increase.</p><p><blockquote><b>纳斯达克(NDAQ)</b>–该证券交易所运营商第一季度每股收益1.96美元,比预期高出23美分。收入也高于华尔街的预测。股票和固定收益交易收入两位数增长提振了业绩。纳斯达克还宣布将股息增加10%。</blockquote></p><p><b>Halliburton (HAL)</b> – Halliburton shares climbed 1.7% in premarket action after it beat estimates by 2 cents a share, with quarterly profit of 19 cents per share. Revenue was above estimates as well, with the oilfield services company saying its North American business continues to stage a healthy recovery.</p><p><blockquote><b>哈里伯顿(HAL)</b>-哈里伯顿股价在盘前上涨1.7%,每股收益超出预期2美分,季度利润为每股19美分。收入也高于预期,这家油田服务公司表示其北美业务继续健康复苏。</blockquote></p><p><b>Baker Hughes (BKR)</b> – The oilfield services company’s stock fell 1.4% in premarket action after it reported quarterly earnings of 12 cents per share, a penny a share above estimates. Revenue was essentially in line with expectations. Profit tumbled 40% from a year ago, impacted by severe winter weather.</p><p><blockquote><b>贝克休斯(BKR)</b>–这家油田服务公司公布季度收益为每股12美分,比预期高出每股1美分,盘前股价下跌1.4%。收入基本符合预期。受严冬天气影响,利润同比下降40%。</blockquote></p><p><b>CSX (CSX) </b>– CSX fell 2 cents a share short of estimates, with quarterly earnings of 93 cents per share. The rail operator’s revenue came in above forecasts. Pandemic-related disruptions and higher fuel costs ate into CSX’s bottom line. CSX slid 1% in premarket trading.</p><p><blockquote><b>CSX(CSX)</b>-CSX每股下跌2美分,低于预期,季度收益为每股93美分。该铁路运营商的收入高于预期。与大流行相关的中断和更高的燃料成本侵蚀了CSX的利润。CSX在盘前交易中下跌1%。</blockquote></p><p><b>Intuitive Surgical (ISRG)</b> – Intuitive Surgical earned $3.52 per share for its latest quarter, well above the $2.63 a share consensus estimate. The surgical device maker’s revenue also beat forecasts, with procedures using the company’s devices increasing as the Covid-19 pandemic eases. The stock gained 3.9% in premarket trading.</p><p><blockquote><b>直觉外科(ISRG)</b>-Intuitive Surgical最近一个季度的每股收益为3.52美元,远高于每股2.63美元的普遍预期。这家手术设备制造商的收入也超出了预期,随着Covid-19大流行的缓解,使用该公司设备的手术数量有所增加。该股在盘前交易中上涨3.9%。</blockquote></p><p><b>Tenet Healthcare (THC) </b>– Tenet reported quarterly profit of $1.30 per share, compared to the 72 cents a share consensus estimate. The hospital operator’s revenue came in slightly above forecasts. Tenet said it was able to successfully deal with challenges related to both the pandemic and winter storms, and it also gave an upbeat outlook. Tenet added 2.7% in premarket trading.</p><p><blockquote><b>特尼特医疗保健(THC)</b>-Tenet报告季度利润为每股1.30美元,而市场普遍预期为每股72美分。医院运营商的收入略高于预期。特尼特表示,它能够成功应对与大流行和冬季风暴相关的挑战,并给出了乐观的前景。Tenet在盘前交易中上涨2.7%。</blockquote></p><p></p><p><b>Interactive Brokers (IBKR)</b> – Interactive Brokers came in 7 cents a share above estimates, with quarterly earnings of 98 cents per share. Revenue was well above estimates on a 53% jump in trading commissions. The stock added 2.1% in premarket trading.</p><p><blockquote><b>盈透证券(IBKR)</b>-盈透证券每股收益比预期高出7美分,季度收益为每股98美分。交易佣金增长53%,收入远高于预期。该股在盘前交易中上涨2.1%。</blockquote></p><p><b>Edwards Lifesciences (EW) </b>– Edwards shares gained 3.8% in the premarket after it beat estimates by 7 cents a share, with quarterly profit of 54 cents per share. Revenue was also above consensus forecasts and the medical device company also raised its full-year forecast on an anticipated increase in demand for heart-related procedures.</p><p><blockquote><b>爱德华兹生命科学(EW)</b>-爱德华兹股价盘前上涨3.8%,每股收益超出预期7美分,季度利润为每股54美分。收入也高于普遍预期,由于心脏相关手术需求的预期增加,该医疗器械公司还上调了全年预期。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-04-21 20:15</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><ul><li>Netflix drags down nasdaq futures</li></ul><ul><li>Treasuries halt rally after 10-year yield slid to 5-week low</li></ul>U.S. futures were mixed as underperformance in the Nasdaq 100 signaled the rotation away from pandemic favorites is gaining ground. Treasury yields halted a slide that had taken them to a five-week low.</p><p><blockquote><ul><li>Netflix拖累纳斯达克期货</li></ul><ul><li>10年期国债收益率跌至5周低点后停止涨势</li></ul>美国期货涨跌互现,因为纳斯达克100指数表现不佳,表明从大流行热门股的轮换正在取得进展。美国国债收益率止住了跌至五周低点的下滑。</blockquote></p><p>At 8:00 a.m. ET, Dow e-minis were up 11 points, or 0.03%, S&P 500 e-minis were down 0.75 points, or 0.02%, and Nasdaq 100 e-minis were down 26.75 points, or 0.19%.</p><p><blockquote>截至美国东部时间上午8:00,道指e-mini上涨11点,涨幅0.03%,标普500 e-mini下跌0.75点,涨幅0.02%,纳斯达克100 e-mini下跌26.75点,涨幅0.19%。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c293a0649fd6c7c229a3ec2b0b714acf\" tg-width=\"1080\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:00</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源自Tiger Trade,美国东部时间08:00</span></p></blockquote></p><p>Netflix,the streaming service provider tumbled 8.5% in premarket trading after its report showed slower production of TV shows and movies during the pandemic hurt subscriber growth in the first quarter.</p><p><blockquote>流媒体服务提供商Netflix在盘前交易中下跌8.5%,此前其报告显示,疫情期间电视节目和电影制作放缓损害了第一季度的订户增长。</blockquote></p><p><b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票:</b></blockquote></p><p><b>Netflix (NFLX) </b>– Netflix tumbled 8.5% in premarket trading, even after beating estimates on both the top and bottom lines for its latest quarter. Investors are focusing on weaker-than-expected subscriber growth numbers for the video streaming giant.</p><p><blockquote><b>Netflix(NFLX)</b>–Netflix在盘前交易中下跌8.5%,尽管其最新季度的营收和利润均超出预期。投资者关注这家视频流媒体巨头弱于预期的用户增长数据。</blockquote></p><p><b>ASML (ASML)</b> – ASML gained 3.9% in premarket action after it reported better-than-expected first-quarter profit, as the supplier of semiconductor manufacturing equipment benefits from the global surge in chip demand. ASML also raised its full-year outlook.</p><p><blockquote><b>阿斯麦(ASML)</b>–ASML公布第一季度利润好于预期,该半导体制造设备供应商受益于全球芯片需求激增,盘前股价上涨3.9%。ASML也上调了全年预期。</blockquote></p><p><b>Moderna (MRNA)</b> – The drugmaker’s shares gained 0.5% in premarket trading, after it struck a new Covid-19 vaccine supply deal with Israel for 2022. Israel also got an option to buy doses of vaccine designed to treat specific variants of the virus.</p><p><blockquote><b>现代(MRNA)</b>–在与以色列达成2022年新的Covid-19疫苗供应协议后,该制药商股价在盘前交易中上涨0.5%。以色列还可以选择购买旨在治疗特定病毒变种的疫苗。</blockquote></p><p><b>Norwegian Cruise Line (NCLH)</b> – Norwegian shares rose 1.8% in the premarket after Goldman Sachs upgraded the cruise line operator to “buy” from “neutral.” Goldman cited several positive factors including Norwegian’s capacity growth and low leverage compared to its peers.</p><p><blockquote><b>挪威邮轮公司(NCLH)</b>-高盛将这家邮轮运营商的评级从“中性”上调至“买入”后,挪威股价盘前上涨1.8%。高盛列举了几个积极因素,包括挪威航空的产能增长和与同行相比的低杠杆率。</blockquote></p><p><b>Verizon (VZ) </b>– Verizon reported quarterly earnings of $1.31 per share, 2 cents a share above estimates. Revenue also beat analysts' forecasts. Verizon lost more wireless subscribers during the quarter than analysts had been anticipating.</p><p><blockquote><b>威瑞森(VZ)</b>-Verizon公布季度收益为每股1.31美元,比预期高出2美分。收入也超出了分析师的预期。Verizon本季度失去的无线用户数量超出了分析师的预期。</blockquote></p><p><b>Welbilt (WBT)</b> – Welbilt shares surged 20% in the premarket after the maker of professional foodservice equipment agreed to be bought by rival Middleby(MIDD) in an all-stock transaction with an implied value of $4.3 billion.</p><p><blockquote><b>韦尔比尔特(WBT)</b>-专业餐饮服务设备制造商Welbilt同意被竞争对手Middleby(MIDD)以隐含价值43亿美元的全股票交易收购,该公司股价在盘前飙升20%。</blockquote></p><p><b>Anthem (ANTM) </b>– The health insurer earned $7.01 per share for its latest quarter, beating estimates by 50 cents a share. Revenue fell short of Wall Street projections. Anthem also raised its full-year outlook, amid growth in its various medical plans and higher pharmacy benefit management revenue. The stock rose 1.6% in premarket trading.</p><p><blockquote><b>国歌(ANTM)</b>-这家健康保险公司最近一个季度每股收益7.01美元,比预期高出50美分。收入低于华尔街的预测。由于各种医疗计划的增长和药房福利管理收入的增加,Anthem还上调了全年预期。该股在盘前交易中上涨1.6%。</blockquote></p><p><b>Nasdaq (NDAQ)</b> – The stock exchange operator earned $1.96 per share for the first quarter, 23 cents a share above estimates. Revenue also came in above Street forecasts. Results were boosted by double-digit increases in equity and fixed income trading revenue. Nasdaq also announced a 10% dividend increase.</p><p><blockquote><b>纳斯达克(NDAQ)</b>–该证券交易所运营商第一季度每股收益1.96美元,比预期高出23美分。收入也高于华尔街的预测。股票和固定收益交易收入两位数增长提振了业绩。纳斯达克还宣布将股息增加10%。</blockquote></p><p><b>Halliburton (HAL)</b> – Halliburton shares climbed 1.7% in premarket action after it beat estimates by 2 cents a share, with quarterly profit of 19 cents per share. Revenue was above estimates as well, with the oilfield services company saying its North American business continues to stage a healthy recovery.</p><p><blockquote><b>哈里伯顿(HAL)</b>-哈里伯顿股价在盘前上涨1.7%,每股收益超出预期2美分,季度利润为每股19美分。收入也高于预期,这家油田服务公司表示其北美业务继续健康复苏。</blockquote></p><p><b>Baker Hughes (BKR)</b> – The oilfield services company’s stock fell 1.4% in premarket action after it reported quarterly earnings of 12 cents per share, a penny a share above estimates. Revenue was essentially in line with expectations. Profit tumbled 40% from a year ago, impacted by severe winter weather.</p><p><blockquote><b>贝克休斯(BKR)</b>–这家油田服务公司公布季度收益为每股12美分,比预期高出每股1美分,盘前股价下跌1.4%。收入基本符合预期。受严冬天气影响,利润同比下降40%。</blockquote></p><p><b>CSX (CSX) </b>– CSX fell 2 cents a share short of estimates, with quarterly earnings of 93 cents per share. The rail operator’s revenue came in above forecasts. Pandemic-related disruptions and higher fuel costs ate into CSX’s bottom line. CSX slid 1% in premarket trading.</p><p><blockquote><b>CSX(CSX)</b>-CSX每股下跌2美分,低于预期,季度收益为每股93美分。该铁路运营商的收入高于预期。与大流行相关的中断和更高的燃料成本侵蚀了CSX的利润。CSX在盘前交易中下跌1%。</blockquote></p><p><b>Intuitive Surgical (ISRG)</b> – Intuitive Surgical earned $3.52 per share for its latest quarter, well above the $2.63 a share consensus estimate. The surgical device maker’s revenue also beat forecasts, with procedures using the company’s devices increasing as the Covid-19 pandemic eases. The stock gained 3.9% in premarket trading.</p><p><blockquote><b>直觉外科(ISRG)</b>-Intuitive Surgical最近一个季度的每股收益为3.52美元,远高于每股2.63美元的普遍预期。这家手术设备制造商的收入也超出了预期,随着Covid-19大流行的缓解,使用该公司设备的手术数量有所增加。该股在盘前交易中上涨3.9%。</blockquote></p><p><b>Tenet Healthcare (THC) </b>– Tenet reported quarterly profit of $1.30 per share, compared to the 72 cents a share consensus estimate. The hospital operator’s revenue came in slightly above forecasts. Tenet said it was able to successfully deal with challenges related to both the pandemic and winter storms, and it also gave an upbeat outlook. Tenet added 2.7% in premarket trading.</p><p><blockquote><b>特尼特医疗保健(THC)</b>-Tenet报告季度利润为每股1.30美元,而市场普遍预期为每股72美分。医院运营商的收入略高于预期。特尼特表示,它能够成功应对与大流行和冬季风暴相关的挑战,并给出了乐观的前景。Tenet在盘前交易中上涨2.7%。</blockquote></p><p></p><p><b>Interactive Brokers (IBKR)</b> – Interactive Brokers came in 7 cents a share above estimates, with quarterly earnings of 98 cents per share. Revenue was well above estimates on a 53% jump in trading commissions. The stock added 2.1% in premarket trading.</p><p><blockquote><b>盈透证券(IBKR)</b>-盈透证券每股收益比预期高出7美分,季度收益为每股98美分。交易佣金增长53%,收入远高于预期。该股在盘前交易中上涨2.1%。</blockquote></p><p><b>Edwards Lifesciences (EW) </b>– Edwards shares gained 3.8% in the premarket after it beat estimates by 7 cents a share, with quarterly profit of 54 cents per share. Revenue was also above consensus forecasts and the medical device company also raised its full-year forecast on an anticipated increase in demand for heart-related procedures.</p><p><blockquote><b>爱德华兹生命科学(EW)</b>-爱德华兹股价盘前上涨3.8%,每股收益超出预期7美分,季度利润为每股54美分。收入也高于普遍预期,由于心脏相关手术需求的预期增加,该医疗器械公司还上调了全年预期。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VZ":"Verizon Comms",".SPX":"S&P 500 Index",".DJI":"道琼斯","THC":"泰尼特","NFLX":"奈飞","MRNA":"Moderna, Inc.","ASML":"阿斯麦","NDAQ":"纳斯达克OMX交易所","WBT":" Manitowoc Food Service","HAL":"哈里伯顿",".IXIC":"NASDAQ Composite","NCLH":"挪威邮轮"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133987686","content_text":"Netflix drags down nasdaq futuresTreasuries halt rally after 10-year yield slid to 5-week lowU.S. futures were mixed as underperformance in the Nasdaq 100 signaled the rotation away from pandemic favorites is gaining ground. Treasury yields halted a slide that had taken them to a five-week low.At 8:00 a.m. ET, Dow e-minis were up 11 points, or 0.03%, S&P 500 e-minis were down 0.75 points, or 0.02%, and Nasdaq 100 e-minis were down 26.75 points, or 0.19%.*Source From Tiger Trade, EST 08:00Netflix,the streaming service provider tumbled 8.5% in premarket trading after its report showed slower production of TV shows and movies during the pandemic hurt subscriber growth in the first quarter.Stocks making the biggest moves in the premarket:Netflix (NFLX) – Netflix tumbled 8.5% in premarket trading, even after beating estimates on both the top and bottom lines for its latest quarter. Investors are focusing on weaker-than-expected subscriber growth numbers for the video streaming giant.ASML (ASML) – ASML gained 3.9% in premarket action after it reported better-than-expected first-quarter profit, as the supplier of semiconductor manufacturing equipment benefits from the global surge in chip demand. ASML also raised its full-year outlook.Moderna (MRNA) – The drugmaker’s shares gained 0.5% in premarket trading, after it struck a new Covid-19 vaccine supply deal with Israel for 2022. Israel also got an option to buy doses of vaccine designed to treat specific variants of the virus.Norwegian Cruise Line (NCLH) – Norwegian shares rose 1.8% in the premarket after Goldman Sachs upgraded the cruise line operator to “buy” from “neutral.” Goldman cited several positive factors including Norwegian’s capacity growth and low leverage compared to its peers.Verizon (VZ) – Verizon reported quarterly earnings of $1.31 per share, 2 cents a share above estimates. Revenue also beat analysts' forecasts. Verizon lost more wireless subscribers during the quarter than analysts had been anticipating.Welbilt (WBT) – Welbilt shares surged 20% in the premarket after the maker of professional foodservice equipment agreed to be bought by rival Middleby(MIDD) in an all-stock transaction with an implied value of $4.3 billion.Anthem (ANTM) – The health insurer earned $7.01 per share for its latest quarter, beating estimates by 50 cents a share. Revenue fell short of Wall Street projections. Anthem also raised its full-year outlook, amid growth in its various medical plans and higher pharmacy benefit management revenue. The stock rose 1.6% in premarket trading.Nasdaq (NDAQ) – The stock exchange operator earned $1.96 per share for the first quarter, 23 cents a share above estimates. Revenue also came in above Street forecasts. Results were boosted by double-digit increases in equity and fixed income trading revenue. Nasdaq also announced a 10% dividend increase.Halliburton (HAL) – Halliburton shares climbed 1.7% in premarket action after it beat estimates by 2 cents a share, with quarterly profit of 19 cents per share. Revenue was above estimates as well, with the oilfield services company saying its North American business continues to stage a healthy recovery.Baker Hughes (BKR) – The oilfield services company’s stock fell 1.4% in premarket action after it reported quarterly earnings of 12 cents per share, a penny a share above estimates. Revenue was essentially in line with expectations. Profit tumbled 40% from a year ago, impacted by severe winter weather.CSX (CSX) – CSX fell 2 cents a share short of estimates, with quarterly earnings of 93 cents per share. The rail operator’s revenue came in above forecasts. Pandemic-related disruptions and higher fuel costs ate into CSX’s bottom line. CSX slid 1% in premarket trading.Intuitive Surgical (ISRG) – Intuitive Surgical earned $3.52 per share for its latest quarter, well above the $2.63 a share consensus estimate. The surgical device maker’s revenue also beat forecasts, with procedures using the company’s devices increasing as the Covid-19 pandemic eases. The stock gained 3.9% in premarket trading.Tenet Healthcare (THC) – Tenet reported quarterly profit of $1.30 per share, compared to the 72 cents a share consensus estimate. The hospital operator’s revenue came in slightly above forecasts. Tenet said it was able to successfully deal with challenges related to both the pandemic and winter storms, and it also gave an upbeat outlook. Tenet added 2.7% in premarket trading.Interactive Brokers (IBKR) – Interactive Brokers came in 7 cents a share above estimates, with quarterly earnings of 98 cents per share. Revenue was well above estimates on a 53% jump in trading commissions. The stock added 2.1% in premarket trading.Edwards Lifesciences (EW) – Edwards shares gained 3.8% in the premarket after it beat estimates by 7 cents a share, with quarterly profit of 54 cents per share. Revenue was also above consensus forecasts and the medical device company also raised its full-year forecast on an anticipated increase in demand for heart-related procedures.","news_type":1,"symbols_score_info":{"NQmain":0.9,"NCLH":0.9,"VZ":0.9,"WBT":0.9,"NDAQ":0.9,".DJI":0.9,".SPX":0.9,".IXIC":0.9,"ANTM":0.9,"NFLX":0.9,"HAL":0.9,"THC":0.9,"MRNA":0.9,"YMmain":0.9,"ESmain":0.9,"ASML":0.9}},"isVote":1,"tweetType":1,"viewCount":751,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371844293,"gmtCreate":1618928638212,"gmtModify":1634289819588,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"Please help to like!","listText":"Please help to like!","text":"Please help to like!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/371844293","repostId":"1186349790","repostType":4,"isVote":1,"tweetType":1,"viewCount":471,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373659811,"gmtCreate":1618843957333,"gmtModify":1634290427512,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"Plunging ","listText":"Plunging ","text":"Plunging","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/373659811","repostId":"1190378182","repostType":4,"repost":{"id":"1190378182","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":1618839799,"share":"https://www.laohu8.com/m/news/1190378182?lang=zh_CN&edition=full","pubTime":"2021-04-19 21:43","market":"us","language":"en","title":"Tesla's stock fell more than 4% after reports of fatal crash of vehicle with apparently no driver<blockquote>特斯拉股价下跌超过4%,此前有报道称车辆在没有司机的情况下发生致命事故</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1190378182","media":"Tiger Newspress","summary":"Tesla's stock fell more than 4% in Monday morning trading after reports of fatal crash of vehicle wi","content":"<p>Tesla's stock fell more than 4% in Monday morning trading after reports of fatal crash of vehicle with apparently no driver.</p><p><blockquote>特斯拉股价在周一早盘交易中下跌超过4%,此前有报道称车辆发生致命事故,但显然没有司机。</blockquote></p><p><img src=\"https://static.tigerbbs.com/2e4be8c9c069695fd549acf6d3c1922a\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Police officials in Texasprobing the deadly crash of a Tesla vehiclesay they are nearly certain that no one was behind the wheel at the time. It is still uncertain whether the car’s “Autopilot” system was engaged when the accident occurred on Saturday.</p><p><blockquote>德克萨斯州调查特斯拉致命车祸的警方官员表示,他们几乎可以肯定当时没有人驾驶。目前还不确定周六事故发生时,汽车的“自动驾驶”系统是否启动。</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's stock fell more than 4% after reports of fatal crash of vehicle with apparently no driver<blockquote>特斯拉股价下跌超过4%,此前有报道称车辆在没有司机的情况下发生致命事故</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's stock fell more than 4% after reports of fatal crash of vehicle with apparently no driver<blockquote>特斯拉股价下跌超过4%,此前有报道称车辆在没有司机的情况下发生致命事故</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-04-19 21:43</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Tesla's stock fell more than 4% in Monday morning trading after reports of fatal crash of vehicle with apparently no driver.</p><p><blockquote>特斯拉股价在周一早盘交易中下跌超过4%,此前有报道称车辆发生致命事故,但显然没有司机。</blockquote></p><p><img src=\"https://static.tigerbbs.com/2e4be8c9c069695fd549acf6d3c1922a\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Police officials in Texasprobing the deadly crash of a Tesla vehiclesay they are nearly certain that no one was behind the wheel at the time. It is still uncertain whether the car’s “Autopilot” system was engaged when the accident occurred on Saturday.</p><p><blockquote>德克萨斯州调查特斯拉致命车祸的警方官员表示,他们几乎可以肯定当时没有人驾驶。目前还不确定周六事故发生时,汽车的“自动驾驶”系统是否启动。</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":"1190378182","content_text":"Tesla's stock fell more than 4% in Monday morning trading after reports of fatal crash of vehicle with apparently no driver.Police officials in Texasprobing the deadly crash of a Tesla vehiclesay they are nearly certain that no one was behind the wheel at the time. It is still uncertain whether the car’s “Autopilot” system was engaged when the accident occurred on Saturday.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":718,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373624781,"gmtCreate":1618843852443,"gmtModify":1634290428679,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"Come on ","listText":"Come on ","text":"Come on","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/373624781","repostId":"1164936386","repostType":4,"repost":{"id":"1164936386","kind":"news","pubTimestamp":1618841871,"share":"https://www.laohu8.com/m/news/1164936386?lang=zh_CN&edition=full","pubTime":"2021-04-19 22:17","market":"us","language":"en","title":"Should You Buy Apple Stock Before Next Apple Event?<blockquote>您应该在下一次苹果活动之前购买苹果股票吗?</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1164936386","media":"TheStreet","summary":"On April 20, Apple will host a product launch event, and at least a new iPad Pro is expected. The Ap","content":"<p>On April 20, Apple will host a product launch event, and at least a new iPad Pro is expected. The Apple Maven looked at recent history to see how the stock performed after the past Apple Events.</p><p><blockquote>4月20日,苹果将举办产品发布会,预计至少会有一款新的iPad Pro。这位苹果专家研究了最近的历史,以了解该股在过去的苹果事件后的表现。</blockquote></p><p> A new Apple Event lurks around the corner. Beyond the curiosity for what new products will be unveiled, investors will also pay attention to how Apple stock will behave. Below, the Apple Maven reviews how the previous events affected share price behavior in 2020.</p><p><blockquote>一个新的苹果事件即将发生。除了对将推出哪些新产品的好奇之外,投资者还将关注苹果股票的表现。下面,苹果专家回顾了之前的事件如何影响2020年的股价行为。</blockquote></p><p> <b>The effect of Apple events on the stock</b></p><p><blockquote><b>苹果事件对股票的影响</b></blockquote></p><p> <ul> <li><b>Apple’s “One More Thing” – November 30, 2020</b>:The highlight of the event was Apple’s introduction of the M1-equipped MacBook Air, 13‑inch MacBook Pro and Mac mini. In the following three months, the stock climbed 23%, reaching all-time highs by January 2021.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ef348206ee5454f0af9c8828e7906b91\" tg-width=\"1240\" tg-height=\"361\"><span>Figure 1: Apple stock performance after \"One More Thing\" event.</span></p><p><blockquote><ul><li><b>苹果的“再来一件事”——2020年11月30日</b>:活动的亮点是苹果推出了配备M1的MacBook Air、13英寸MacBook Pro和Mac mini。在接下来的三个月里,该股上涨了23%,到2021年1月达到历史新高。</li></ul><p class=\"t-img-caption\"><span>图1:“One More Thing”事件后苹果股票表现。</span></p></blockquote></p><p> <ul> <li><b>Apple’s “Hi, Speed” – October 13, 2020</b>:The Cupertino company introduced the highly anticipated iPhone 12 and iPhone 12 Pro with 5G connectivity, MagSafe accessories, and the HomePod mini. This could be considered the main event of the year, since the iPhone is Apple’s key revenue driver. However, the stock dropped 4% between the iPhone launch and the “One More Thing” event.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9c24a3a51e2e31f611a844d66b0a0255\" tg-width=\"1240\" tg-height=\"367\"><span>Figure 2: Apple stock performance after \"Hi, Speed\" event.</span></p><p><blockquote><ul><li><b>苹果的《嗨,速度》——2020年10月13日</b>:这家库比蒂诺公司推出了备受期待的具有5G连接功能的iPhone 12和iPhone 12 Pro、MagSafe配件和HomePod mini。这可以被认为是今年的主要事件,因为iPhone是苹果的主要收入驱动力。然而,在iPhone发布和“One More Thing”活动之间,该股下跌了4%。</li></ul><p class=\"t-img-caption\"><span>图2:“嗨,速度”事件后苹果股票表现。</span></p></blockquote></p><p> <ul> <li><b>Apple’s “Time Flies” – September 15, 2020</b>:In this action-packed event, the Apple Watch Series 6, Apple Watch SE, the new iPad Air and iPad, Apple Fitness+ and Apple One were introduced. Apple stock climbed 4% in the six weeks between “Time Flies” and “Hi, Speed”.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a232bac33db421d697d4ebb8cabccd96\" tg-width=\"1240\" tg-height=\"368\"><span>Figure 3: Apple stock performance after \"Time Flies\" event.</span></p><p><blockquote><ul><li><b>苹果的“时光飞逝”——2020年9月15日</b>:在这场精彩纷呈的活动中,推出了苹果手表Series 6、苹果手表SE、新款iPad Air和iPad、苹果Fitness+和苹果One。在“时光飞逝”和“嗨,速度”之间的六周内,苹果股价上涨了4%。</li></ul><p class=\"t-img-caption\"><span>图3:“时光飞逝”事件后苹果股票表现。</span></p></blockquote></p><p> <ul> <li><b>Apple’s WWDC – June 22, 2020</b>: In the2020 version of the Worldwide Developers Conference, updates to iOS, iPadOS, watchOS and macOS Big Sur were announced. Very importantly, Apple’s introduction of the M1 chip also took center stage. The conference was hosted online for the first time, due to the COVID-19 pandemic. In the following 3 months, Apple shares climbed an impressive 50% to its early September peak.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/adfa652d946092e94e4a8ba657e950a0\" tg-width=\"1240\" tg-height=\"370\"><span>Figure 4: Apple stock performance after \"WWDC\" event.</span></p><p><blockquote><ul><li><b>苹果WWDC–2020年6月22日</b>:在2020年版的全球开发者大会上,宣布了iOS、iPadOS、watchOS和macOS Big Sur的更新。非常重要的是,苹果推出的M1芯片也占据了中心舞台。由于新冠肺炎疫情,会议首次在网上举行。在接下来的3个月里,苹果股价上涨了50%,达到9月初的峰值。</li></ul><p class=\"t-img-caption\"><span>图4:“WWDC”事件后苹果股票表现。</span></p></blockquote></p><p> <b>What about the next Apple Event?</b></p><p><blockquote><b>下一场苹果赛事呢?</b></blockquote></p><p> At least in 2020, Apple stock performed generally well in the days following the company’s events – although it is hard to establish causation with much certainty. Investors who bought shares ahead of the key dates, except for “Hi, Speed”, saw decent gains in a short period.</p><p><blockquote>至少在2020年,苹果股票在公司事件发生后的几天里总体表现良好——尽管很难确定因果关系。除了“Hi,Speed”之外,在关键日期之前购买股票的投资者在短期内获得了可观的收益。</blockquote></p><p> But will the upcoming event guide the stock higher this time?</p><p><blockquote>但这次即将发生的事件会引导该股走高吗?</blockquote></p><p> The Apple Maven doubts that the iPad, the likely star of Tuesday’s announcements, will be a game changer for Apple stock the same way that the iPhone or new products in mixed reality and autonomous vehicles could be. But it is important for Apple to keep the momentum going in the tablet business, taking advantage of trends in work-from-home and tablet-as-a-PC.</p><p><blockquote>这位苹果专家怀疑iPad(可能是周二发布的明星)是否会像iPhone或混合现实和自动驾驶汽车领域的新产品一样改变苹果股票的游戏规则。但对于苹果来说,重要的是利用在家工作和平板电脑即PC的趋势,保持平板电脑业务的势头。</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>Should You Buy Apple Stock Before Next Apple Event?<blockquote>您应该在下一次苹果活动之前购买苹果股票吗?</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\">\nShould You Buy Apple Stock Before Next Apple Event?<blockquote>您应该在下一次苹果活动之前购买苹果股票吗?</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-04-19 22:17</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On April 20, Apple will host a product launch event, and at least a new iPad Pro is expected. The Apple Maven looked at recent history to see how the stock performed after the past Apple Events.</p><p><blockquote>4月20日,苹果将举办产品发布会,预计至少会有一款新的iPad Pro。这位苹果专家研究了最近的历史,以了解该股在过去的苹果事件后的表现。</blockquote></p><p> A new Apple Event lurks around the corner. Beyond the curiosity for what new products will be unveiled, investors will also pay attention to how Apple stock will behave. Below, the Apple Maven reviews how the previous events affected share price behavior in 2020.</p><p><blockquote>一个新的苹果事件即将发生。除了对将推出哪些新产品的好奇之外,投资者还将关注苹果股票的表现。下面,苹果专家回顾了之前的事件如何影响2020年的股价行为。</blockquote></p><p> <b>The effect of Apple events on the stock</b></p><p><blockquote><b>苹果事件对股票的影响</b></blockquote></p><p> <ul> <li><b>Apple’s “One More Thing” – November 30, 2020</b>:The highlight of the event was Apple’s introduction of the M1-equipped MacBook Air, 13‑inch MacBook Pro and Mac mini. In the following three months, the stock climbed 23%, reaching all-time highs by January 2021.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ef348206ee5454f0af9c8828e7906b91\" tg-width=\"1240\" tg-height=\"361\"><span>Figure 1: Apple stock performance after \"One More Thing\" event.</span></p><p><blockquote><ul><li><b>苹果的“再来一件事”——2020年11月30日</b>:活动的亮点是苹果推出了配备M1的MacBook Air、13英寸MacBook Pro和Mac mini。在接下来的三个月里,该股上涨了23%,到2021年1月达到历史新高。</li></ul><p class=\"t-img-caption\"><span>图1:“One More Thing”事件后苹果股票表现。</span></p></blockquote></p><p> <ul> <li><b>Apple’s “Hi, Speed” – October 13, 2020</b>:The Cupertino company introduced the highly anticipated iPhone 12 and iPhone 12 Pro with 5G connectivity, MagSafe accessories, and the HomePod mini. This could be considered the main event of the year, since the iPhone is Apple’s key revenue driver. However, the stock dropped 4% between the iPhone launch and the “One More Thing” event.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9c24a3a51e2e31f611a844d66b0a0255\" tg-width=\"1240\" tg-height=\"367\"><span>Figure 2: Apple stock performance after \"Hi, Speed\" event.</span></p><p><blockquote><ul><li><b>苹果的《嗨,速度》——2020年10月13日</b>:这家库比蒂诺公司推出了备受期待的具有5G连接功能的iPhone 12和iPhone 12 Pro、MagSafe配件和HomePod mini。这可以被认为是今年的主要事件,因为iPhone是苹果的主要收入驱动力。然而,在iPhone发布和“One More Thing”活动之间,该股下跌了4%。</li></ul><p class=\"t-img-caption\"><span>图2:“嗨,速度”事件后苹果股票表现。</span></p></blockquote></p><p> <ul> <li><b>Apple’s “Time Flies” – September 15, 2020</b>:In this action-packed event, the Apple Watch Series 6, Apple Watch SE, the new iPad Air and iPad, Apple Fitness+ and Apple One were introduced. Apple stock climbed 4% in the six weeks between “Time Flies” and “Hi, Speed”.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a232bac33db421d697d4ebb8cabccd96\" tg-width=\"1240\" tg-height=\"368\"><span>Figure 3: Apple stock performance after \"Time Flies\" event.</span></p><p><blockquote><ul><li><b>苹果的“时光飞逝”——2020年9月15日</b>:在这场精彩纷呈的活动中,推出了苹果手表Series 6、苹果手表SE、新款iPad Air和iPad、苹果Fitness+和苹果One。在“时光飞逝”和“嗨,速度”之间的六周内,苹果股价上涨了4%。</li></ul><p class=\"t-img-caption\"><span>图3:“时光飞逝”事件后苹果股票表现。</span></p></blockquote></p><p> <ul> <li><b>Apple’s WWDC – June 22, 2020</b>: In the2020 version of the Worldwide Developers Conference, updates to iOS, iPadOS, watchOS and macOS Big Sur were announced. Very importantly, Apple’s introduction of the M1 chip also took center stage. The conference was hosted online for the first time, due to the COVID-19 pandemic. In the following 3 months, Apple shares climbed an impressive 50% to its early September peak.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/adfa652d946092e94e4a8ba657e950a0\" tg-width=\"1240\" tg-height=\"370\"><span>Figure 4: Apple stock performance after \"WWDC\" event.</span></p><p><blockquote><ul><li><b>苹果WWDC–2020年6月22日</b>:在2020年版的全球开发者大会上,宣布了iOS、iPadOS、watchOS和macOS Big Sur的更新。非常重要的是,苹果推出的M1芯片也占据了中心舞台。由于新冠肺炎疫情,会议首次在网上举行。在接下来的3个月里,苹果股价上涨了50%,达到9月初的峰值。</li></ul><p class=\"t-img-caption\"><span>图4:“WWDC”事件后苹果股票表现。</span></p></blockquote></p><p> <b>What about the next Apple Event?</b></p><p><blockquote><b>下一场苹果赛事呢?</b></blockquote></p><p> At least in 2020, Apple stock performed generally well in the days following the company’s events – although it is hard to establish causation with much certainty. Investors who bought shares ahead of the key dates, except for “Hi, Speed”, saw decent gains in a short period.</p><p><blockquote>至少在2020年,苹果股票在公司事件发生后的几天里总体表现良好——尽管很难确定因果关系。除了“Hi,Speed”之外,在关键日期之前购买股票的投资者在短期内获得了可观的收益。</blockquote></p><p> But will the upcoming event guide the stock higher this time?</p><p><blockquote>但这次即将发生的事件会引导该股走高吗?</blockquote></p><p> The Apple Maven doubts that the iPad, the likely star of Tuesday’s announcements, will be a game changer for Apple stock the same way that the iPhone or new products in mixed reality and autonomous vehicles could be. But it is important for Apple to keep the momentum going in the tablet business, taking advantage of trends in work-from-home and tablet-as-a-PC.</p><p><blockquote>这位苹果专家怀疑iPad(可能是周二发布的明星)是否会像iPhone或混合现实和自动驾驶汽车领域的新产品一样改变苹果股票的游戏规则。但对于苹果来说,重要的是利用在家工作和平板电脑即PC的趋势,保持平板电脑业务的势头。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.thestreet.com/apple/stock/should-you-buy-apple-stock-before-next-apple-event\">TheStreet</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/stock/should-you-buy-apple-stock-before-next-apple-event","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164936386","content_text":"On April 20, Apple will host a product launch event, and at least a new iPad Pro is expected. The Apple Maven looked at recent history to see how the stock performed after the past Apple Events.\nA new Apple Event lurks around the corner. Beyond the curiosity for what new products will be unveiled, investors will also pay attention to how Apple stock will behave. Below, the Apple Maven reviews how the previous events affected share price behavior in 2020.\nThe effect of Apple events on the stock\n\nApple’s “One More Thing” – November 30, 2020:The highlight of the event was Apple’s introduction of the M1-equipped MacBook Air, 13‑inch MacBook Pro and Mac mini. In the following three months, the stock climbed 23%, reaching all-time highs by January 2021.\n\nFigure 1: Apple stock performance after \"One More Thing\" event.\n\nApple’s “Hi, Speed” – October 13, 2020:The Cupertino company introduced the highly anticipated iPhone 12 and iPhone 12 Pro with 5G connectivity, MagSafe accessories, and the HomePod mini. This could be considered the main event of the year, since the iPhone is Apple’s key revenue driver. However, the stock dropped 4% between the iPhone launch and the “One More Thing” event.\n\nFigure 2: Apple stock performance after \"Hi, Speed\" event.\n\nApple’s “Time Flies” – September 15, 2020:In this action-packed event, the Apple Watch Series 6, Apple Watch SE, the new iPad Air and iPad, Apple Fitness+ and Apple One were introduced. Apple stock climbed 4% in the six weeks between “Time Flies” and “Hi, Speed”.\n\nFigure 3: Apple stock performance after \"Time Flies\" event.\n\nApple’s WWDC – June 22, 2020: In the2020 version of the Worldwide Developers Conference, updates to iOS, iPadOS, watchOS and macOS Big Sur were announced. Very importantly, Apple’s introduction of the M1 chip also took center stage. The conference was hosted online for the first time, due to the COVID-19 pandemic. In the following 3 months, Apple shares climbed an impressive 50% to its early September peak.\n\nFigure 4: Apple stock performance after \"WWDC\" event.\nWhat about the next Apple Event?\nAt least in 2020, Apple stock performed generally well in the days following the company’s events – although it is hard to establish causation with much certainty. Investors who bought shares ahead of the key dates, except for “Hi, Speed”, saw decent gains in a short period.\nBut will the upcoming event guide the stock higher this time?\nThe Apple Maven doubts that the iPad, the likely star of Tuesday’s announcements, will be a game changer for Apple stock the same way that the iPhone or new products in mixed reality and autonomous vehicles could be. But it is important for Apple to keep the momentum going in the tablet business, taking advantage of trends in work-from-home and tablet-as-a-PC.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1005,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":145015095,"gmtCreate":1626183073317,"gmtModify":1631890704907,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"[Miser] [Miser] [Miser] ","listText":"[Miser] [Miser] [Miser] ","text":"[Miser] [Miser] [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/145015095","repostId":"1121575153","repostType":4,"isVote":1,"tweetType":1,"viewCount":3514,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124430335,"gmtCreate":1624778070327,"gmtModify":1631890704931,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"[Smile] ","listText":"[Smile] ","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/124430335","repostId":"2146090006","repostType":4,"isVote":1,"tweetType":1,"viewCount":2848,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":180931957,"gmtCreate":1623167743079,"gmtModify":1631890704941,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"Promising stock to hold","listText":"Promising stock to hold","text":"Promising stock to hold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/180931957","repostId":"1133174841","repostType":2,"isVote":1,"tweetType":1,"viewCount":2799,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158886187,"gmtCreate":1625143940849,"gmtModify":1631890704934,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"[Miser] [Miser] [Miser] ","listText":"[Miser] [Miser] [Miser] ","text":"[Miser] [Miser] [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/158886187","repostId":"1106223449","repostType":4,"repost":{"id":"1106223449","kind":"news","pubTimestamp":1625122086,"share":"https://www.laohu8.com/m/news/1106223449?lang=zh_CN&edition=full","pubTime":"2021-07-01 14:48","market":"us","language":"en","title":"The S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.<blockquote>标普500取得了自互联网泡沫以来第二好的上半年成绩。接下来会发生什么。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1106223449","media":"Barrons","summary":"Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.\nThe S&P 5","content":"<p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d70d0323609e9ce596a9a90e475422d1\" tg-width=\"1260\" tg-height=\"840\"><span>Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.</span></p><p><blockquote><p class=\"t-img-caption\"><span>自1979年以来,标普500上半年涨幅达到或超过10%已有14次。</span></p></blockquote></p><p> The S&P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock market keeps on rising.</p><p><blockquote>标普500的上半年表现是自互联网泡沫以来第二好的。如果股市继续上涨,不要感到惊讶。</blockquote></p><p> With June coming to an end, the S&P 500 finished the first half of 2021 with a gain of 14.4%. Since 1998, only 2019’s 17.4% first-half surge has been larger.</p><p><blockquote>随着6月接近尾声,标普500以14.4%的涨幅结束了2021年上半年。自1998年以来,只有2019年上半年17.4%的增幅更大。</blockquote></p><p> The market got a boost from Covid-19 vaccinations, which have helped the U.S. economy reopen, while trillions of dollars of fiscal stimulus have helped shore up demand. The gains continued even as concerns about inflation have increased speculation that the Federal Reserve would be forced to take steps to slow the economy.</p><p><blockquote>Covid-19疫苗接种提振了市场,帮助美国经济重新开放,而数万亿美元的财政刺激措施帮助支撑了需求。尽管对通胀的担忧加剧了人们对美联储将被迫采取措施减缓经济增长的猜测,但涨幅仍在继续。</blockquote></p><p> The combination of big gains and a more hawkish Fed have raised concerns that the market has become too complacent. If inflation continues to run hot for long enough, the central bank could be forced to act more quickly than the market expects—and cause stocks to tumble. Others worry that U.S. economic growth could slow faster than investors anticipate, causing a pullback in the process.</p><p><blockquote>大幅上涨和美联储更加鹰派的结合引发了市场过于自满的担忧。如果通胀持续持续足够长的时间,央行可能会被迫以比市场预期更快的速度采取行动,并导致股市暴跌。其他人担心美国。经济增长放缓的速度可能快于投资者的预期,导致经济增长放缓。</blockquote></p><p> For those who take that view, there is no better time to back away from the stock market than the present. History suggests otherwise.</p><p><blockquote>对于持这种观点的人来说,没有比现在更好的退出股市的时机了。历史表明并非如此。</blockquote></p><p> Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year, and the index has gone on to average a 6.3% gain over the second half of the year. What’s more, the index finished the second half of the year higher In 11 of those instances, or 79% of the time.</p><p><blockquote>自1979年以来,标普500上半年涨幅达到或超过10%的有14次,下半年该指数平均涨幅为6.3%。更重要的是,该指数在下半年有11次(即79%的时间)走高。</blockquote></p><p> Even the losses, when they occurred, weren’t all that bad. The S&P 500 dropped 1.9% in the second half of 1983 and 3.5% during the last six months of 1986.</p><p><blockquote>即使是损失,当它们发生时,也没有那么糟糕。标普500在1983年下半年下降了1.9%,在1986年最后六个月下降了3.5%。</blockquote></p><p> The one exception was the last six months of 1987 when the index fell 19% during the second half of the year. That period included Black Monday, when the S&P 500 dropped 20% in one day, still a record loss. While selling linked to so-called portfolio insurance was ultimately blamed for the size and speed of the loss, the second half of 1987 was a period of rising bond yields and high stock-market valuations, just like the first half of 2021.</p><p><blockquote>一个例外是1987年的最后六个月,该指数在下半年下跌了19%。那段时间包括黑色星期一,当时标普500在一天内下跌了20%,仍然是创纪录的跌幅。虽然与所谓投资组合保险相关的抛售最终被归咎于损失的规模和速度,但1987年下半年是债券收益率上升和股市估值高的时期,就像2021年上半年一样。</blockquote></p><p> Still, the market has been acting like it wants to go higher, not lower. Pullbacks, a normal event in the midst of bull runs, have been mild in 2021, with the largest drops being less than 4%. “What the [S&P 500] has done throughout 2021 is pick itself up when and where it has needed to, maintaining an uptrend all along,” writes Frank Cappelleri, chief market technician at Instinet.</p><p><blockquote>尽管如此,市场一直表现得想要走高,而不是走低。回调是牛市中的正常事件,在2021年表现温和,最大跌幅不到4%。Instinet首席市场技术员Frank Cappelleri写道:“[标普500]在2021年所做的就是在需要的时间和地点回升,始终保持上升趋势。”</blockquote></p><p> That 6.3% average second-half rise would push the S&P 500’s full-year gain to around 23%. That would represent a “textbook [market] recovery” from a recession, says Fundstrat’s Tom Lee.</p><p><blockquote>下半年6.3%的平均涨幅将使标普500的全年涨幅达到23%左右。Fundstrat的汤姆·李(Tom Lee)表示,这将代表着从衰退中“教科书式的[市场]复苏”。</blockquote></p><p> For now, at least, the path of least resistance is higher.</p><p><blockquote>至少就目前而言,阻力最小的路径更高。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3cb229b2e05d59b9c126d464a7d771bb\" tg-width=\"958\" tg-height=\"647\"></p><p><blockquote></blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.<blockquote>标普500取得了自互联网泡沫以来第二好的上半年成绩。接下来会发生什么。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.<blockquote>标普500取得了自互联网泡沫以来第二好的上半年成绩。接下来会发生什么。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-07-01 14:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d70d0323609e9ce596a9a90e475422d1\" tg-width=\"1260\" tg-height=\"840\"><span>Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.</span></p><p><blockquote><p class=\"t-img-caption\"><span>自1979年以来,标普500上半年涨幅达到或超过10%已有14次。</span></p></blockquote></p><p> The S&P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock market keeps on rising.</p><p><blockquote>标普500的上半年表现是自互联网泡沫以来第二好的。如果股市继续上涨,不要感到惊讶。</blockquote></p><p> With June coming to an end, the S&P 500 finished the first half of 2021 with a gain of 14.4%. Since 1998, only 2019’s 17.4% first-half surge has been larger.</p><p><blockquote>随着6月接近尾声,标普500以14.4%的涨幅结束了2021年上半年。自1998年以来,只有2019年上半年17.4%的增幅更大。</blockquote></p><p> The market got a boost from Covid-19 vaccinations, which have helped the U.S. economy reopen, while trillions of dollars of fiscal stimulus have helped shore up demand. The gains continued even as concerns about inflation have increased speculation that the Federal Reserve would be forced to take steps to slow the economy.</p><p><blockquote>Covid-19疫苗接种提振了市场,帮助美国经济重新开放,而数万亿美元的财政刺激措施帮助支撑了需求。尽管对通胀的担忧加剧了人们对美联储将被迫采取措施减缓经济增长的猜测,但涨幅仍在继续。</blockquote></p><p> The combination of big gains and a more hawkish Fed have raised concerns that the market has become too complacent. If inflation continues to run hot for long enough, the central bank could be forced to act more quickly than the market expects—and cause stocks to tumble. Others worry that U.S. economic growth could slow faster than investors anticipate, causing a pullback in the process.</p><p><blockquote>大幅上涨和美联储更加鹰派的结合引发了市场过于自满的担忧。如果通胀持续持续足够长的时间,央行可能会被迫以比市场预期更快的速度采取行动,并导致股市暴跌。其他人担心美国。经济增长放缓的速度可能快于投资者的预期,导致经济增长放缓。</blockquote></p><p> For those who take that view, there is no better time to back away from the stock market than the present. History suggests otherwise.</p><p><blockquote>对于持这种观点的人来说,没有比现在更好的退出股市的时机了。历史表明并非如此。</blockquote></p><p> Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year, and the index has gone on to average a 6.3% gain over the second half of the year. What’s more, the index finished the second half of the year higher In 11 of those instances, or 79% of the time.</p><p><blockquote>自1979年以来,标普500上半年涨幅达到或超过10%的有14次,下半年该指数平均涨幅为6.3%。更重要的是,该指数在下半年有11次(即79%的时间)走高。</blockquote></p><p> Even the losses, when they occurred, weren’t all that bad. The S&P 500 dropped 1.9% in the second half of 1983 and 3.5% during the last six months of 1986.</p><p><blockquote>即使是损失,当它们发生时,也没有那么糟糕。标普500在1983年下半年下降了1.9%,在1986年最后六个月下降了3.5%。</blockquote></p><p> The one exception was the last six months of 1987 when the index fell 19% during the second half of the year. That period included Black Monday, when the S&P 500 dropped 20% in one day, still a record loss. While selling linked to so-called portfolio insurance was ultimately blamed for the size and speed of the loss, the second half of 1987 was a period of rising bond yields and high stock-market valuations, just like the first half of 2021.</p><p><blockquote>一个例外是1987年的最后六个月,该指数在下半年下跌了19%。那段时间包括黑色星期一,当时标普500在一天内下跌了20%,仍然是创纪录的跌幅。虽然与所谓投资组合保险相关的抛售最终被归咎于损失的规模和速度,但1987年下半年是债券收益率上升和股市估值高的时期,就像2021年上半年一样。</blockquote></p><p> Still, the market has been acting like it wants to go higher, not lower. Pullbacks, a normal event in the midst of bull runs, have been mild in 2021, with the largest drops being less than 4%. “What the [S&P 500] has done throughout 2021 is pick itself up when and where it has needed to, maintaining an uptrend all along,” writes Frank Cappelleri, chief market technician at Instinet.</p><p><blockquote>尽管如此,市场一直表现得想要走高,而不是走低。回调是牛市中的正常事件,在2021年表现温和,最大跌幅不到4%。Instinet首席市场技术员Frank Cappelleri写道:“[标普500]在2021年所做的就是在需要的时间和地点回升,始终保持上升趋势。”</blockquote></p><p> That 6.3% average second-half rise would push the S&P 500’s full-year gain to around 23%. That would represent a “textbook [market] recovery” from a recession, says Fundstrat’s Tom Lee.</p><p><blockquote>下半年6.3%的平均涨幅将使标普500的全年涨幅达到23%左右。Fundstrat的汤姆·李(Tom Lee)表示,这将代表着从衰退中“教科书式的[市场]复苏”。</blockquote></p><p> For now, at least, the path of least resistance is higher.</p><p><blockquote>至少就目前而言,阻力最小的路径更高。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3cb229b2e05d59b9c126d464a7d771bb\" tg-width=\"958\" tg-height=\"647\"></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.barrons.com/articles/stock-market-futures-crash-gains-51625071996?mod=hp_LEAD_1\">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":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/stock-market-futures-crash-gains-51625071996?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106223449","content_text":"Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.\nThe S&P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock market keeps on rising.\nWith June coming to an end, the S&P 500 finished the first half of 2021 with a gain of 14.4%. Since 1998, only 2019’s 17.4% first-half surge has been larger.\nThe market got a boost from Covid-19 vaccinations, which have helped the U.S. economy reopen, while trillions of dollars of fiscal stimulus have helped shore up demand. The gains continued even as concerns about inflation have increased speculation that the Federal Reserve would be forced to take steps to slow the economy.\nThe combination of big gains and a more hawkish Fed have raised concerns that the market has become too complacent. If inflation continues to run hot for long enough, the central bank could be forced to act more quickly than the market expects—and cause stocks to tumble. Others worry that U.S. economic growth could slow faster than investors anticipate, causing a pullback in the process.\nFor those who take that view, there is no better time to back away from the stock market than the present. History suggests otherwise.\nSince 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year, and the index has gone on to average a 6.3% gain over the second half of the year. What’s more, the index finished the second half of the year higher In 11 of those instances, or 79% of the time.\nEven the losses, when they occurred, weren’t all that bad. The S&P 500 dropped 1.9% in the second half of 1983 and 3.5% during the last six months of 1986.\nThe one exception was the last six months of 1987 when the index fell 19% during the second half of the year. That period included Black Monday, when the S&P 500 dropped 20% in one day, still a record loss. While selling linked to so-called portfolio insurance was ultimately blamed for the size and speed of the loss, the second half of 1987 was a period of rising bond yields and high stock-market valuations, just like the first half of 2021.\nStill, the market has been acting like it wants to go higher, not lower. Pullbacks, a normal event in the midst of bull runs, have been mild in 2021, with the largest drops being less than 4%. “What the [S&P 500] has done throughout 2021 is pick itself up when and where it has needed to, maintaining an uptrend all along,” writes Frank Cappelleri, chief market technician at Instinet.\nThat 6.3% average second-half rise would push the S&P 500’s full-year gain to around 23%. That would represent a “textbook [market] recovery” from a recession, says Fundstrat’s Tom Lee.\nFor now, at least, the path of least resistance is higher.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1656,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345810672,"gmtCreate":1618298462496,"gmtModify":1634293876826,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"Pls help to like!","listText":"Pls help to like!","text":"Pls help to like!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/345810672","repostId":"2126067559","repostType":4,"isVote":1,"tweetType":1,"viewCount":421,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154445171,"gmtCreate":1625541769993,"gmtModify":1631890704934,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"[OMG] ","listText":"[OMG] ","text":"[OMG]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/154445171","repostId":"2149466331","repostType":4,"isVote":1,"tweetType":1,"viewCount":3016,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108469654,"gmtCreate":1620049645078,"gmtModify":1631890704943,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"Please like thank you!","listText":"Please like thank you!","text":"Please like thank you!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/108469654","repostId":"1165463758","repostType":4,"isVote":1,"tweetType":1,"viewCount":481,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371844293,"gmtCreate":1618928638212,"gmtModify":1634289819588,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"Please help to like!","listText":"Please help to like!","text":"Please help to like!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/371844293","repostId":"1186349790","repostType":4,"isVote":1,"tweetType":1,"viewCount":471,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345519417,"gmtCreate":1618323190139,"gmtModify":1634293714923,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"Yes!","listText":"Yes!","text":"Yes!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/345519417","repostId":"1156590233","repostType":4,"repost":{"id":"1156590233","kind":"news","pubTimestamp":1618309498,"share":"https://www.laohu8.com/m/news/1156590233?lang=zh_CN&edition=full","pubTime":"2021-04-13 18:24","market":"us","language":"en","title":"3 High-Yield Dividend Stocks That'll Help You Crush Inflation<blockquote>3只高收益股息股票将帮助您抑制通胀</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1156590233","media":"Motley Fool","summary":"After more than a year, arguably the stock market's most persistent concern has returned: inflation.","content":"<p>After more than a year, arguably the stock market's most persistent concern has returned: inflation.</p><p><blockquote>一年多后,可以说股市最持久的担忧又回来了:通胀。</blockquote></p><p>Inflation describes the rising price of goods and services over time. A healthy economy is always going to have some degree of inflation, with consumer demand playing a role in driving prices higher. But if inflation gets too high, consumers will wind up paying more for fewer goods and services, resulting in slower growth. That can be bad news for the stock market -- especially a market that's pricier now than at nearly any point over the last 20 years.</p><p><blockquote>通货膨胀描述了商品和服务价格随着时间的推移而上涨。健康的经济总是会出现一定程度的通货膨胀,消费者需求在推高价格方面发挥着作用。但如果通胀过高,消费者最终将为更少的商品和服务支付更多费用,从而导致增长放缓。这对股市来说可能是个坏消息,尤其是现在的股市价格几乎比过去20年来的任何时候都要高。</blockquote></p><p>Though higher inflation levels have historically not been great for stocks, it doesn't mean investors have to run for the hills. On the contrary, it could be the perfect time to seek out the payout potential ofdividend stocks.</p><p><blockquote>尽管从历史上看,较高的通胀水平对股市不利,但这并不意味着投资者必须逃之夭夭。相反,这可能是寻找股息股票派息潜力的最佳时机。</blockquote></p><p>Just how good have dividend stocks been for investors? According to a report from J.P. Morgan Asset Management, companies that initiated and grew a dividend between 1972 and 2012 -- a period marked by very high inflation rates for at least a decade --averaged an annual return of 9.5%. The non-dividend-paying stocks? They returned a paltry annual average of 1.6% over the same time. Over 40 years, we're talking about a roughly 19-fold aggregate outperformance.</p><p><blockquote>股息股票对投资者来说有多好?根据摩根大通资产管理公司的一份报告,1972年至2012年间(至少十年来通货膨胀率非常高)发起并增加股息的公司平均年回报率为9.5%。不派息股票?在同一时期,他们的年平均回报率只有微不足道的1.6%。40年来,我们谈论的总体表现大约是19倍。</blockquote></p><p>Ideally, income seekers want the biggest dividend possible with the least amount of risk imaginable. Unfortunately, risk and dividend payouts tend to be correlated. This is to say that high-yield stocks (4% yield or higher) can sometimes be more trouble than they're worth. Since yield is a function of payout relative to price, a company with a struggling or failing operating model could give the impression of a killer yield but ultimately trap unsuspecting income seekers.</p><p><blockquote>理想情况下,寻求收入的人希望以最小的风险获得尽可能大的股息。不幸的是,风险和股息支付往往是相关的。也就是说,高收益股票(4%或更高的收益率)有时会带来比其价值更多的麻烦。由于收益率是支出相对于价格的函数,一家运营模式陷入困境或失败的公司可能会给人留下收益率杀手的印象,但最终会让不知情的收入寻求者陷入困境。</blockquote></p><p><h3>This high-yield trio will help investors trounce inflation</h3>But not all high-yield dividend stocks are created equally. The following three high-yield companies offer investors the ability to crush inflation over the long run, as well as grow their initial investment the traditional way.</p><p><blockquote><h3>这三只高收益债券将帮助投资者战胜通胀</h3>但并非所有高收益股息股票都是平等创造的。以下三家高收益公司为投资者提供了长期抑制通胀的能力,并以传统方式增加初始投资。</blockquote></p><p><h3>Duke Energy: 4% yield</h3>One of the safest ways to run circles around inflation over the long run is to buy into brand-name utility stocks. You're never going to get jaw-dropping growth with utilities, but you'll struggle to find a sector with more predictable or transparent cash flow. That's whyelectric utility stock<b>Duke Energy</b>(NYSE: DUK)can be a winner.</p><p><blockquote><h3>杜克能源:4%收益率</h3>从长远来看,应对通胀最安全的方法之一是购买品牌公用事业股票。你永远不会通过公用事业获得令人瞠目结舌的增长,但你将很难找到一个现金流更可预测或透明的行业。这就是电力公用事业股票的原因<b>杜克能源公司</b>(纽约证券交易所股票代码:DUK)可以成为赢家。</blockquote></p><p>Duke, the second-largest utility stock by market cap in the U.S., behind only<b>NextEra Energy</b>, is following its peers' strategy and investing aggressively in green energy infrastructure. Between 2020 and 2024, it's planning to spend $60 billion on new infrastructure, nearly all of which will focus on renewable energy solutions such as wind and solar. By 2025, the company's five-year plan entailsspending $65 billion to $75 billionon renewable projects.</p><p><blockquote>杜克大学是美国市值第二大的公用事业股,仅次于<b>NextEra能源</b>,正在遵循同行的战略,积极投资绿色能源基础设施。2020年至2024年间,它计划斥资600亿美元建设新基础设施,几乎所有资金都将集中在风能和太阳能等可再生能源解决方案上。到2025年,该公司的五年计划将在可再生能源项目上花费650亿至750亿美元。</blockquote></p><p>Although these aren't cheap investments, it's the perfect time for Duke Energy to be aggressive. Lending rates are just a stone's throw from historic lows, and the benefit of cheaper electric generation rates should allow its earnings per share to grow by as much as 7% annually. For some context here, most electric utilities grow profits annually by a low single-digit percentage.</p><p><blockquote>尽管这些投资并不便宜,但现在是杜克能源积极进取的最佳时机。贷款利率距离历史低点仅一箭之遥,而更便宜的发电利率带来的好处应该会让其每股收益每年增长高达7%。在某些情况下,大多数电力公司的利润每年都以较低的个位数百分比增长。</blockquote></p><p>To boot, Duke Energy's traditional utility operations (i.e., those not utilizing solar or some other renewable source) are regulated. This is a fancy way of saying that state public utility commissions regulate rate hikes. Though it's not able to pass along price increases at will, Dukeavoids potentially wild swings in wholesale pricingby having its traditional utilities regulated.</p><p><blockquote>首先,杜克能源公司的传统公用事业运营(即不利用太阳能或其他可再生能源的运营)受到监管。这是州公用事业委员会监管加息的一种奇特说法。尽管杜克大学无法随意转嫁价格上涨,但通过对其传统公用事业进行监管,避免了批发价格可能出现的剧烈波动。</blockquote></p><p><h3>AGNC Investment: 8.4% yield</h3>If you want the opportunity to earn a sustainable, monster yield that'll crush inflation, mortgage real estate investment trust (REIT)<b>AGNC Investment</b>(NASDAQ: AGNC)could be just the stock for you. You'll note that its 8.4% yield is more than four times the current trailing 12-month inflation rate of 1.7%.</p><p><blockquote><h3>AGNC投资:收益率8.4%</h3>如果您想有机会获得可持续的巨额收益率来抑制通货膨胀,抵押房地产投资信托基金(REIT)<b>AGNC投资</b>(纳斯达克:AGNC)可能正是适合您的股票。您会注意到,其8.4%的收益率是当前过去12个月通胀率1.7%的四倍多。</blockquote></p><p>Without getting into the minutiae, mortgage REITs like AGNC seek to borrow at lower short-term rates and purchase assets (mortgage-backed securities, or MBSs) with higher long-term yields. The difference between these higher long-term yields and the lower short-term borrowing rate is known as net interest margin (NIM). The wider the NIM, or the more leverage (safely) used, the more profit AGNC Investment can make.</p><p><blockquote>在不涉及细节的情况下,AGNC等抵押房地产投资信托基金寻求以较低的短期利率借款并购买长期收益率较高的资产(抵押贷款支持证券,或MBS)。这些较高的长期收益率和较低的短期借款利率之间的差异称为净息差(NIM)。净息差越宽,或者(安全地)使用的杠杆越多,AGNC投资可以获得的利润就越多。</blockquote></p><p>The thing investors should realize is thatwe're in the sweet spot for mortgage REIT growth. During the early stages of an economic recovery, the yield curve usually steepens. This means long-term yields rise while short-term yields flatten out or rise at a slower pace. This disparity usually allows AGNC to purchase MBSs with higher yields while being able to borrow at a low rate. In short,AGNC's NIM heads higher.</p><p><blockquote>投资者应该意识到的是,我们正处于抵押房地产投资信托基金增长的最佳位置。在经济复苏的早期阶段,收益率曲线通常会变陡。这意味着长期收益率上升,而短期收益率持平或上升速度较慢。这种差异通常允许AGNC购买收益率较高的MBS,同时能够以较低的利率借款。简而言之,AGNC的净息差走高。</blockquote></p><p></p><p>Best of all, AGNC's portfolio isalmost exclusively packed with agency securities. This is a fancy way of saying that its MBSs are protected by the federal government in the event of a default. Though this added protection means agency securities have lower yields than non-agency assets, it also allows AGNC to safely use leverage to its advantage.</p><p><blockquote>最重要的是,AGNC的投资组合几乎全部由机构证券组成。这是一种奇特的说法,即其MBS在违约时受到联邦政府的保护。尽管这种额外的保护意味着机构证券的收益率低于非机构资产,但它也允许AGNC安全地利用杠杆。</blockquote></p><p><h3>AT&T: 6.9% yield</h3>A third high-yield dividend stock that'll help investors triumph over inflation is telecom giant<b>AT&T</b>(NYSE: T). With reinvestment, the 6.9% yield it's currently paying can double your money in about a decade, assuming a static share price.</p><p><blockquote><h3>AT&T:收益率6.9%</h3>第三只将帮助投资者战胜通胀的高收益股息股票是电信巨头<b>AT&T</b>(纽约证券交易所代码:T)。通过再投资,假设股价保持不变,目前支付的6.9%收益率可以在大约十年内使您的资金翻倍。</blockquote></p><p>Though its growth heyday is now in the past, AT&T hasa number of catalyststhat should reignite its organic growth rate and generate plenty of cash flow. For example, AT&T is a key beneficiary of 5G wireless infrastructure upgrades. It's been a decade since wireless download speeds were upgraded in a meaningful way. This suggests the company will benefit immensely from a multiyear technology upgrade cycle. Since AT&T generates a significant chunk of its wireless profit from data consumption, access to 5G is a recipe for margin expansion.</p><p><blockquote>尽管其增长全盛时期现已成为过去,但AT&T拥有许多催化剂,可以重新点燃其有机增长率并产生充足的现金流。例如,AT&T是5G无线基础设施升级的主要受益者。无线下载速度以有意义的方式升级已经有十年了。这表明该公司将从多年的技术升级周期中受益匪浅。由于美国电话电报公司的很大一部分无线利润来自数据消费,因此接入5G是利润扩张的一个秘诀。</blockquote></p><p>Additionally, AT&T's big push into streaming content should provide a jolt to its top and bottom lines. Following a subdued launch of HBO Max in late May, the company announced that itended 2020 with 17.2 million subscribers. Further, it expects 120 million to 150 million subscribers by 2025. If AT&T is indeed successful in courting new streaming users, it should more than offset the weakness tied to cord-cutting.</p><p><blockquote>此外,AT&T对流媒体内容的大力推进应该会给其营收和利润带来冲击。继5月下旬HBO Max低调推出后,该公司宣布截至2020年底拥有1720万订户。此外,预计到2025年将有1.2亿至1.5亿用户。如果美国电话电报公司确实成功地吸引了新的流媒体用户,它应该足以抵消与剪线相关的弱点。</blockquote></p><p>AT&T has also made strides to reduce its debt load and ensure the stability of itssuperior dividend. It's selling a minority stake in subsidiary DirecTV, has halted its share buyback program, and is looking to sell other noncore assets to lower its debt liabilities. CEO John Stankey has noted that a dividend cut isn't necessary to facilitate growth at AT&T.</p><p><blockquote>AT&T还在减轻债务负担并确保其卓越股息的稳定性方面取得了长足进步。该公司正在出售子公司DirecTV的少数股权,停止了股票回购计划,并寻求出售其他非核心资产以降低债务。首席执行官约翰·斯坦基(John Stankey)指出,削减股息并不是促进AT&T增长的必要条件。</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>3 High-Yield Dividend Stocks That'll Help You Crush Inflation<blockquote>3只高收益股息股票将帮助您抑制通胀</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\">\n3 High-Yield Dividend Stocks That'll Help You Crush Inflation<blockquote>3只高收益股息股票将帮助您抑制通胀</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\">2021-04-13 18:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After more than a year, arguably the stock market's most persistent concern has returned: inflation.</p><p><blockquote>一年多后,可以说股市最持久的担忧又回来了:通胀。</blockquote></p><p>Inflation describes the rising price of goods and services over time. A healthy economy is always going to have some degree of inflation, with consumer demand playing a role in driving prices higher. But if inflation gets too high, consumers will wind up paying more for fewer goods and services, resulting in slower growth. That can be bad news for the stock market -- especially a market that's pricier now than at nearly any point over the last 20 years.</p><p><blockquote>通货膨胀描述了商品和服务价格随着时间的推移而上涨。健康的经济总是会出现一定程度的通货膨胀,消费者需求在推高价格方面发挥着作用。但如果通胀过高,消费者最终将为更少的商品和服务支付更多费用,从而导致增长放缓。这对股市来说可能是个坏消息,尤其是现在的股市价格几乎比过去20年来的任何时候都要高。</blockquote></p><p>Though higher inflation levels have historically not been great for stocks, it doesn't mean investors have to run for the hills. On the contrary, it could be the perfect time to seek out the payout potential ofdividend stocks.</p><p><blockquote>尽管从历史上看,较高的通胀水平对股市不利,但这并不意味着投资者必须逃之夭夭。相反,这可能是寻找股息股票派息潜力的最佳时机。</blockquote></p><p>Just how good have dividend stocks been for investors? According to a report from J.P. Morgan Asset Management, companies that initiated and grew a dividend between 1972 and 2012 -- a period marked by very high inflation rates for at least a decade --averaged an annual return of 9.5%. The non-dividend-paying stocks? They returned a paltry annual average of 1.6% over the same time. Over 40 years, we're talking about a roughly 19-fold aggregate outperformance.</p><p><blockquote>股息股票对投资者来说有多好?根据摩根大通资产管理公司的一份报告,1972年至2012年间(至少十年来通货膨胀率非常高)发起并增加股息的公司平均年回报率为9.5%。不派息股票?在同一时期,他们的年平均回报率只有微不足道的1.6%。40年来,我们谈论的总体表现大约是19倍。</blockquote></p><p>Ideally, income seekers want the biggest dividend possible with the least amount of risk imaginable. Unfortunately, risk and dividend payouts tend to be correlated. This is to say that high-yield stocks (4% yield or higher) can sometimes be more trouble than they're worth. Since yield is a function of payout relative to price, a company with a struggling or failing operating model could give the impression of a killer yield but ultimately trap unsuspecting income seekers.</p><p><blockquote>理想情况下,寻求收入的人希望以最小的风险获得尽可能大的股息。不幸的是,风险和股息支付往往是相关的。也就是说,高收益股票(4%或更高的收益率)有时会带来比其价值更多的麻烦。由于收益率是支出相对于价格的函数,一家运营模式陷入困境或失败的公司可能会给人留下收益率杀手的印象,但最终会让不知情的收入寻求者陷入困境。</blockquote></p><p><h3>This high-yield trio will help investors trounce inflation</h3>But not all high-yield dividend stocks are created equally. The following three high-yield companies offer investors the ability to crush inflation over the long run, as well as grow their initial investment the traditional way.</p><p><blockquote><h3>这三只高收益债券将帮助投资者战胜通胀</h3>但并非所有高收益股息股票都是平等创造的。以下三家高收益公司为投资者提供了长期抑制通胀的能力,并以传统方式增加初始投资。</blockquote></p><p><h3>Duke Energy: 4% yield</h3>One of the safest ways to run circles around inflation over the long run is to buy into brand-name utility stocks. You're never going to get jaw-dropping growth with utilities, but you'll struggle to find a sector with more predictable or transparent cash flow. That's whyelectric utility stock<b>Duke Energy</b>(NYSE: DUK)can be a winner.</p><p><blockquote><h3>杜克能源:4%收益率</h3>从长远来看,应对通胀最安全的方法之一是购买品牌公用事业股票。你永远不会通过公用事业获得令人瞠目结舌的增长,但你将很难找到一个现金流更可预测或透明的行业。这就是电力公用事业股票的原因<b>杜克能源公司</b>(纽约证券交易所股票代码:DUK)可以成为赢家。</blockquote></p><p>Duke, the second-largest utility stock by market cap in the U.S., behind only<b>NextEra Energy</b>, is following its peers' strategy and investing aggressively in green energy infrastructure. Between 2020 and 2024, it's planning to spend $60 billion on new infrastructure, nearly all of which will focus on renewable energy solutions such as wind and solar. By 2025, the company's five-year plan entailsspending $65 billion to $75 billionon renewable projects.</p><p><blockquote>杜克大学是美国市值第二大的公用事业股,仅次于<b>NextEra能源</b>,正在遵循同行的战略,积极投资绿色能源基础设施。2020年至2024年间,它计划斥资600亿美元建设新基础设施,几乎所有资金都将集中在风能和太阳能等可再生能源解决方案上。到2025年,该公司的五年计划将在可再生能源项目上花费650亿至750亿美元。</blockquote></p><p>Although these aren't cheap investments, it's the perfect time for Duke Energy to be aggressive. Lending rates are just a stone's throw from historic lows, and the benefit of cheaper electric generation rates should allow its earnings per share to grow by as much as 7% annually. For some context here, most electric utilities grow profits annually by a low single-digit percentage.</p><p><blockquote>尽管这些投资并不便宜,但现在是杜克能源积极进取的最佳时机。贷款利率距离历史低点仅一箭之遥,而更便宜的发电利率带来的好处应该会让其每股收益每年增长高达7%。在某些情况下,大多数电力公司的利润每年都以较低的个位数百分比增长。</blockquote></p><p>To boot, Duke Energy's traditional utility operations (i.e., those not utilizing solar or some other renewable source) are regulated. This is a fancy way of saying that state public utility commissions regulate rate hikes. Though it's not able to pass along price increases at will, Dukeavoids potentially wild swings in wholesale pricingby having its traditional utilities regulated.</p><p><blockquote>首先,杜克能源公司的传统公用事业运营(即不利用太阳能或其他可再生能源的运营)受到监管。这是州公用事业委员会监管加息的一种奇特说法。尽管杜克大学无法随意转嫁价格上涨,但通过对其传统公用事业进行监管,避免了批发价格可能出现的剧烈波动。</blockquote></p><p><h3>AGNC Investment: 8.4% yield</h3>If you want the opportunity to earn a sustainable, monster yield that'll crush inflation, mortgage real estate investment trust (REIT)<b>AGNC Investment</b>(NASDAQ: AGNC)could be just the stock for you. You'll note that its 8.4% yield is more than four times the current trailing 12-month inflation rate of 1.7%.</p><p><blockquote><h3>AGNC投资:收益率8.4%</h3>如果您想有机会获得可持续的巨额收益率来抑制通货膨胀,抵押房地产投资信托基金(REIT)<b>AGNC投资</b>(纳斯达克:AGNC)可能正是适合您的股票。您会注意到,其8.4%的收益率是当前过去12个月通胀率1.7%的四倍多。</blockquote></p><p>Without getting into the minutiae, mortgage REITs like AGNC seek to borrow at lower short-term rates and purchase assets (mortgage-backed securities, or MBSs) with higher long-term yields. The difference between these higher long-term yields and the lower short-term borrowing rate is known as net interest margin (NIM). The wider the NIM, or the more leverage (safely) used, the more profit AGNC Investment can make.</p><p><blockquote>在不涉及细节的情况下,AGNC等抵押房地产投资信托基金寻求以较低的短期利率借款并购买长期收益率较高的资产(抵押贷款支持证券,或MBS)。这些较高的长期收益率和较低的短期借款利率之间的差异称为净息差(NIM)。净息差越宽,或者(安全地)使用的杠杆越多,AGNC投资可以获得的利润就越多。</blockquote></p><p>The thing investors should realize is thatwe're in the sweet spot for mortgage REIT growth. During the early stages of an economic recovery, the yield curve usually steepens. This means long-term yields rise while short-term yields flatten out or rise at a slower pace. This disparity usually allows AGNC to purchase MBSs with higher yields while being able to borrow at a low rate. In short,AGNC's NIM heads higher.</p><p><blockquote>投资者应该意识到的是,我们正处于抵押房地产投资信托基金增长的最佳位置。在经济复苏的早期阶段,收益率曲线通常会变陡。这意味着长期收益率上升,而短期收益率持平或上升速度较慢。这种差异通常允许AGNC购买收益率较高的MBS,同时能够以较低的利率借款。简而言之,AGNC的净息差走高。</blockquote></p><p></p><p>Best of all, AGNC's portfolio isalmost exclusively packed with agency securities. This is a fancy way of saying that its MBSs are protected by the federal government in the event of a default. Though this added protection means agency securities have lower yields than non-agency assets, it also allows AGNC to safely use leverage to its advantage.</p><p><blockquote>最重要的是,AGNC的投资组合几乎全部由机构证券组成。这是一种奇特的说法,即其MBS在违约时受到联邦政府的保护。尽管这种额外的保护意味着机构证券的收益率低于非机构资产,但它也允许AGNC安全地利用杠杆。</blockquote></p><p><h3>AT&T: 6.9% yield</h3>A third high-yield dividend stock that'll help investors triumph over inflation is telecom giant<b>AT&T</b>(NYSE: T). With reinvestment, the 6.9% yield it's currently paying can double your money in about a decade, assuming a static share price.</p><p><blockquote><h3>AT&T:收益率6.9%</h3>第三只将帮助投资者战胜通胀的高收益股息股票是电信巨头<b>AT&T</b>(纽约证券交易所代码:T)。通过再投资,假设股价保持不变,目前支付的6.9%收益率可以在大约十年内使您的资金翻倍。</blockquote></p><p>Though its growth heyday is now in the past, AT&T hasa number of catalyststhat should reignite its organic growth rate and generate plenty of cash flow. For example, AT&T is a key beneficiary of 5G wireless infrastructure upgrades. It's been a decade since wireless download speeds were upgraded in a meaningful way. This suggests the company will benefit immensely from a multiyear technology upgrade cycle. Since AT&T generates a significant chunk of its wireless profit from data consumption, access to 5G is a recipe for margin expansion.</p><p><blockquote>尽管其增长全盛时期现已成为过去,但AT&T拥有许多催化剂,可以重新点燃其有机增长率并产生充足的现金流。例如,AT&T是5G无线基础设施升级的主要受益者。无线下载速度以有意义的方式升级已经有十年了。这表明该公司将从多年的技术升级周期中受益匪浅。由于美国电话电报公司的很大一部分无线利润来自数据消费,因此接入5G是利润扩张的一个秘诀。</blockquote></p><p>Additionally, AT&T's big push into streaming content should provide a jolt to its top and bottom lines. Following a subdued launch of HBO Max in late May, the company announced that itended 2020 with 17.2 million subscribers. Further, it expects 120 million to 150 million subscribers by 2025. If AT&T is indeed successful in courting new streaming users, it should more than offset the weakness tied to cord-cutting.</p><p><blockquote>此外,AT&T对流媒体内容的大力推进应该会给其营收和利润带来冲击。继5月下旬HBO Max低调推出后,该公司宣布截至2020年底拥有1720万订户。此外,预计到2025年将有1.2亿至1.5亿用户。如果美国电话电报公司确实成功地吸引了新的流媒体用户,它应该足以抵消与剪线相关的弱点。</blockquote></p><p>AT&T has also made strides to reduce its debt load and ensure the stability of itssuperior dividend. It's selling a minority stake in subsidiary DirecTV, has halted its share buyback program, and is looking to sell other noncore assets to lower its debt liabilities. CEO John Stankey has noted that a dividend cut isn't necessary to facilitate growth at AT&T.</p><p><blockquote>AT&T还在减轻债务负担并确保其卓越股息的稳定性方面取得了长足进步。该公司正在出售子公司DirecTV的少数股权,停止了股票回购计划,并寻求出售其他非核心资产以降低债务。首席执行官约翰·斯坦基(John Stankey)指出,削减股息并不是促进AT&T增长的必要条件。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.nasdaq.com/articles/3-high-yield-dividend-stocks-thatll-help-you-crush-inflation-2021-04-13\">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":{"T":"At&T","REIT":"ALPS Active REIT ETF","DUK":"杜克能源"},"source_url":"https://www.nasdaq.com/articles/3-high-yield-dividend-stocks-thatll-help-you-crush-inflation-2021-04-13","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156590233","content_text":"After more than a year, arguably the stock market's most persistent concern has returned: inflation.Inflation describes the rising price of goods and services over time. A healthy economy is always going to have some degree of inflation, with consumer demand playing a role in driving prices higher. But if inflation gets too high, consumers will wind up paying more for fewer goods and services, resulting in slower growth. That can be bad news for the stock market -- especially a market that's pricier now than at nearly any point over the last 20 years.Though higher inflation levels have historically not been great for stocks, it doesn't mean investors have to run for the hills. On the contrary, it could be the perfect time to seek out the payout potential ofdividend stocks.Just how good have dividend stocks been for investors? According to a report from J.P. Morgan Asset Management, companies that initiated and grew a dividend between 1972 and 2012 -- a period marked by very high inflation rates for at least a decade --averaged an annual return of 9.5%. The non-dividend-paying stocks? They returned a paltry annual average of 1.6% over the same time. Over 40 years, we're talking about a roughly 19-fold aggregate outperformance.Ideally, income seekers want the biggest dividend possible with the least amount of risk imaginable. Unfortunately, risk and dividend payouts tend to be correlated. This is to say that high-yield stocks (4% yield or higher) can sometimes be more trouble than they're worth. Since yield is a function of payout relative to price, a company with a struggling or failing operating model could give the impression of a killer yield but ultimately trap unsuspecting income seekers.This high-yield trio will help investors trounce inflationBut not all high-yield dividend stocks are created equally. The following three high-yield companies offer investors the ability to crush inflation over the long run, as well as grow their initial investment the traditional way.Duke Energy: 4% yieldOne of the safest ways to run circles around inflation over the long run is to buy into brand-name utility stocks. You're never going to get jaw-dropping growth with utilities, but you'll struggle to find a sector with more predictable or transparent cash flow. That's whyelectric utility stockDuke Energy(NYSE: DUK)can be a winner.Duke, the second-largest utility stock by market cap in the U.S., behind onlyNextEra Energy, is following its peers' strategy and investing aggressively in green energy infrastructure. Between 2020 and 2024, it's planning to spend $60 billion on new infrastructure, nearly all of which will focus on renewable energy solutions such as wind and solar. By 2025, the company's five-year plan entailsspending $65 billion to $75 billionon renewable projects.Although these aren't cheap investments, it's the perfect time for Duke Energy to be aggressive. Lending rates are just a stone's throw from historic lows, and the benefit of cheaper electric generation rates should allow its earnings per share to grow by as much as 7% annually. For some context here, most electric utilities grow profits annually by a low single-digit percentage.To boot, Duke Energy's traditional utility operations (i.e., those not utilizing solar or some other renewable source) are regulated. This is a fancy way of saying that state public utility commissions regulate rate hikes. Though it's not able to pass along price increases at will, Dukeavoids potentially wild swings in wholesale pricingby having its traditional utilities regulated.AGNC Investment: 8.4% yieldIf you want the opportunity to earn a sustainable, monster yield that'll crush inflation, mortgage real estate investment trust (REIT)AGNC Investment(NASDAQ: AGNC)could be just the stock for you. You'll note that its 8.4% yield is more than four times the current trailing 12-month inflation rate of 1.7%.Without getting into the minutiae, mortgage REITs like AGNC seek to borrow at lower short-term rates and purchase assets (mortgage-backed securities, or MBSs) with higher long-term yields. The difference between these higher long-term yields and the lower short-term borrowing rate is known as net interest margin (NIM). The wider the NIM, or the more leverage (safely) used, the more profit AGNC Investment can make.The thing investors should realize is thatwe're in the sweet spot for mortgage REIT growth. During the early stages of an economic recovery, the yield curve usually steepens. This means long-term yields rise while short-term yields flatten out or rise at a slower pace. This disparity usually allows AGNC to purchase MBSs with higher yields while being able to borrow at a low rate. In short,AGNC's NIM heads higher.Best of all, AGNC's portfolio isalmost exclusively packed with agency securities. This is a fancy way of saying that its MBSs are protected by the federal government in the event of a default. Though this added protection means agency securities have lower yields than non-agency assets, it also allows AGNC to safely use leverage to its advantage.AT&T: 6.9% yieldA third high-yield dividend stock that'll help investors triumph over inflation is telecom giantAT&T(NYSE: T). With reinvestment, the 6.9% yield it's currently paying can double your money in about a decade, assuming a static share price.Though its growth heyday is now in the past, AT&T hasa number of catalyststhat should reignite its organic growth rate and generate plenty of cash flow. For example, AT&T is a key beneficiary of 5G wireless infrastructure upgrades. It's been a decade since wireless download speeds were upgraded in a meaningful way. This suggests the company will benefit immensely from a multiyear technology upgrade cycle. Since AT&T generates a significant chunk of its wireless profit from data consumption, access to 5G is a recipe for margin expansion.Additionally, AT&T's big push into streaming content should provide a jolt to its top and bottom lines. Following a subdued launch of HBO Max in late May, the company announced that itended 2020 with 17.2 million subscribers. Further, it expects 120 million to 150 million subscribers by 2025. If AT&T is indeed successful in courting new streaming users, it should more than offset the weakness tied to cord-cutting.AT&T has also made strides to reduce its debt load and ensure the stability of itssuperior dividend. It's selling a minority stake in subsidiary DirecTV, has halted its share buyback program, and is looking to sell other noncore assets to lower its debt liabilities. CEO John Stankey has noted that a dividend cut isn't necessary to facilitate growth at AT&T.","news_type":1,"symbols_score_info":{"T":0.9,"DUK":0.9,"REIT":0.9}},"isVote":1,"tweetType":1,"viewCount":357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348124129,"gmtCreate":1617895511861,"gmtModify":1634295876604,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"Its dangerous buying meme stocks","listText":"Its dangerous buying meme stocks","text":"Its dangerous buying meme stocks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/348124129","repostId":"1147253336","repostType":4,"isVote":1,"tweetType":1,"viewCount":565,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3575141057639271","authorId":"3575141057639271","name":"Daveb","avatar":"https://static.tigerbbs.com/61df162e1597f1b5a6a6bfb13d7d92f5","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3575141057639271","idStr":"3575141057639271"},"content":"They are no different than other stocks other than the fact that they have 9M apes plus....behind them. always consider thst hedgies are owned by a handful of billionaitrs who also own the media....","text":"They are no different than other stocks other than the fact that they have 9M apes plus....behind them. always consider thst hedgies are owned by a handful of billionaitrs who also own the media....","html":"They are no different than other stocks other than the fact that they have 9M apes plus....behind them. always consider thst hedgies are owned by a handful of billionaitrs who also own the media...."},{"author":{"id":"3575141057639271","authorId":"3575141057639271","name":"Daveb","avatar":"https://static.tigerbbs.com/61df162e1597f1b5a6a6bfb13d7d92f5","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3575141057639271","idStr":"3575141057639271"},"content":"I dont think its dangerous because with meme stocks by which they mean GME and AMC . So named apes are transparent, have done a lot of due diligence and they share it. plus you know you have support","text":"I dont think its dangerous because with meme stocks by which they mean GME and AMC . So named apes are transparent, have done a lot of due diligence and they share it. plus you know you have support","html":"I dont think its dangerous because with meme stocks by which they mean GME and AMC . So named apes are transparent, have done a lot of due diligence and they share it. plus you know you have support"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375602219,"gmtCreate":1619328745931,"gmtModify":1634274185234,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"Pls like thank u!","listText":"Pls like thank u!","text":"Pls like thank u!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/375602219","repostId":"2129361421","repostType":4,"isVote":1,"tweetType":1,"viewCount":406,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370854873,"gmtCreate":1618576191192,"gmtModify":1634291988328,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"Please likw","listText":"Please likw","text":"Please likw","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370854873","repostId":"1180499171","repostType":4,"isVote":1,"tweetType":1,"viewCount":598,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":102561024,"gmtCreate":1620224543568,"gmtModify":1631890704937,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/102561024","repostId":"2133528055","repostType":4,"isVote":1,"tweetType":1,"viewCount":2368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":866715620,"gmtCreate":1632806028160,"gmtModify":1632806028311,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"Hold","listText":"Hold","text":"Hold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/866715620","repostId":"1139296336","repostType":2,"repost":{"id":"1139296336","kind":"news","pubTimestamp":1631871404,"share":"https://www.laohu8.com/m/news/1139296336?lang=zh_CN&edition=full","pubTime":"2021-09-17 17:36","market":"us","language":"en","title":"Is Lululemon Stock A Buy Or Sell After Q2 Earnings? Key Risk Is Lower-Than-Expected Profitability<blockquote>第二季度财报公布后,Lululemon股票是买入还是卖出?主要风险是盈利能力低于预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139296336","media":"Seeking Alpha","summary":"Summary\n\nLululemon's share price has done much better than the key benchmark stock indices in the pa","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Lululemon's share price has done much better than the key benchmark stock indices in the past few months, as a result of better-than-expected financial performance in 1H 2021.</li> <li>LULU achieved strong top line and bottom line growth in Q2 2021 which also beat market expectations, but lower-than-expected profitability for the company going forward is a key downside risk.</li> <li>I see Lululemon stock as Hold after Q2 earnings, as its valuations are expensive, and an earnings miss in the future could de-rate its shares.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c5831fd8e2c9cd8844c973c0f757a56\" tg-width=\"1536\" tg-height=\"1022\" width=\"100%\" height=\"auto\"><span>jentakespictures/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>由于2021年上半年的财务业绩好于预期,Lululemon的股价在过去几个月的表现远好于主要基准股指。</li><li>LULU在2021年第二季度实现了强劲的营收和利润增长,也超出了市场预期,但公司未来盈利能力低于预期是一个关键的下行风险。</li><li>我认为Lululemon股票在第二季度财报公布后应持有,因为其估值昂贵,未来盈利未达标可能会降低其股票评级。</li></ul><p class=\"t-img-caption\"><span>jentakespictures/iStock社论来自Getty Images</span></p></blockquote></p><p> <b>Elevator Pitch</b></p><p><blockquote><b>电梯间俯仰</b></blockquote></p><p> I assign a Neutral rating to Lululemon Athletica Inc (LULU).</p><p><blockquote>我对Lululemon Athletica Inc(LULU)给予中性评级。</blockquote></p><p> Lululemon has delivered significant stock price outperformance as compared to the major benchmark stock indices in the last couple of months, and the stock's current valuations are not that appealing following its recent share price run. Larger-than-expected investments in the near future, an unfavorable sales mix with the introduction of new footwear products next year, and potential supply chain disruptions could be a potential drag on LULU's forward earnings.</p><p><blockquote>过去几个月,与主要基准股指相比,Lululemon的股价表现显着优于主要基准股指,而在最近的股价上涨之后,该股目前的估值并没有那么有吸引力。近期超出预期的投资、明年推出新鞋类产品带来的不利销售组合以及潜在的供应链中断可能会拖累LULU的预期收益。</blockquote></p><p> My rating for Lululemon is a Hold or Neutral. On one hand, I am positive on LULU's better-than-expected Q2 results and its long-term growth prospects. On the flip side, LULU's premium valuations and recent share price run have priced in the near-term positives for the company, while there are downside risks relating to its future earnings outlook.</p><p><blockquote>我对Lululemon的评级是持有或中性。一方面,我对LULU好于预期的第二季度业绩及其长期增长前景持乐观态度。另一方面,LULU的溢价估值和近期股价上涨已经反映了该公司近期的积极因素,同时其未来盈利前景也存在下行风险。</blockquote></p><p> <b>Company Description</b></p><p><blockquote><b>公司简介</b></blockquote></p><p> In its press releases, Lululemon Athletica Inc refers to itself as \"a healthy lifestyle inspired athletic apparel company for yoga, running, training, and most other sweaty pursuits\". LULU was established in 1998, and the company's shares were listed on the Nasdaq in 2007.</p><p><blockquote>在其新闻稿中,Lululemon Athletica Inc将自己称为“一家受健康生活方式启发的运动服装公司,提供瑜伽、跑步、训练和大多数其他出汗活动”。露露成立于1998年,公司股票于2007年在纳斯达克上市。</blockquote></p><p> As of August 1, 2021, Lululemon boasted a network of 534 storesthat are located in 17 different markets. LULU generated 69%, 14% and 17%of the company's revenue from the US, Canada and international markets, respectively in the first half of FY 2021. The company-operated stores, the direct-to-consumer business, and others contributed 46%, 43% and 11% of its 1H 2021 sales, respectively. In the company's most recent 10-Q filing, Lululemon Athletica defines the others business segment as \"outlets, temporary locations, sales to wholesale accounts, license and supply arrangements, and MIRROR (home gym business acquired in2020).\"</p><p><blockquote>截至2021年8月1日,Lululemon拥有位于17个不同市场的534家门店网络。2021财年上半年,LULU来自美国、加拿大和国际市场的收入分别占公司收入的69%、14%和17%。公司经营的商店、直接面向消费者的业务和其他业务分别贡献了其2021年上半年销售额的46%、43%和11%。在该公司最新的10-Q文件中,Lululemon Athletica将其他业务部门定义为“门店、临时地点、批发账户销售、许可和供应安排以及MIRROR(2020年收购的家庭健身房业务)”。</blockquote></p><p> <b>Lululemon Stock Price</b></p><p><blockquote><b>露露柠檬股价</b></blockquote></p><p> Lululemon's stock price increased by +20.4% and +32.8% in the year-to-date and past one-year time periods, respectively which tracked the performance of the S&P 500 and the Nasdaq Composite very closely. However, LULU started to outperform the key benchmark stock indices in the last couple of months. In the past six months, Lululemon's share price rose by+33.3%, while the Nasdaq Composite and S&P 500 were only up in the low-teens percentages over the same period. In the last three months, LULU's shares went up by +25.0%, as compared to the +7.7% and +5.5% increases for the Nasdaq Composite and S&P 500, respectively during the same time.</p><p><blockquote>Lululemon的股价今年迄今和过去一年分别上涨了+20.4%和+32.8%,非常密切地跟踪了标普500和纳斯达克综合指数的表现。然而,LULU在过去几个月开始跑赢主要基准股指。在过去的六个月里,Lululemon的股价上涨了33.3%,而同期纳斯达克综合指数和标普500指数的涨幅仅在十几岁左右。在过去三个月中,LULU的股价上涨了+25.0%,而同期纳斯达克综合指数和标普500分别上涨了+7.7%和+5.5%。</blockquote></p><p> LULU's earnings beat for both the first and second quarter of 2021 clearly helped to drive the company's recent strong stock price performance. More significantly, Lululemon Athletica's above-expectations financial performance in the first half of this year implies that the company has structural growth drivers working in its favor, instead of merely being a beneficiary of one-off Work-From-Home or WFH tailwinds during the peak of COVID-19.</p><p><blockquote>LULU 2021年第一季度和第二季度的盈利均好于预期,这显然有助于推动该公司近期股价表现强劲。更重要的是,Lululemon Athletica今年上半年超出预期的财务业绩暗示着该公司拥有有利于其的结构性增长驱动力,而不仅仅是在COVID-19高峰期在家工作或WFH的一次性顺风中受益。</blockquote></p><p> At its recent second-quarter results briefing, Lululemon noted that \"the pandemic drove forward, accelerated some of the guest behaviors that play to the strength of our brand\" which included \"general fitness awareness\", \"being well, living well\" and \"the importance of functional apparel\". The company also emphasized that its \"brand is early innings across product with activities where we focus on\" and \"gaining market share across categories\".</p><p><blockquote>在最近的第二季度业绩发布会上,Lululemon指出,“疫情推动了一些发挥我们品牌优势的客人行为”,其中包括“一般健身意识”、“健康,生活得好”和“功能性服装的重要性”。该公司还强调,其“品牌是我们关注的产品和活动的早期阶段”和“获得跨类别的市场份额”。</blockquote></p><p> Separately, it is critical to examine if whether Lululemon's recent share price outperformance makes it less attractive as a potential investment candidate in terms of valuations.</p><p><blockquote>另外,至关重要的是要考察Lululemon最近的股价表现是否会降低其作为潜在投资候选者的估值吸引力。</blockquote></p><p> <b>Peer Valuation Comparison For LULU</b></p><p><blockquote><b>LULU的同行估值比较</b></blockquote></p><p></p><p> <table> <tbody> <tr> <td><b>Stock</b></td> <td><b>Consensus Current Fiscal Year Normalized P/E Multiple</b></td> <td><b>Consensus Forward One Fiscal Year Normalized P/E Multiple</b></td> <td><b>Consensus Current Fiscal Year Revenue Growth Metric</b></td> <td><b>Consensus Forward One Fiscal Year Revenue Growth Metric</b></td> <td><b>Consensus Current Fiscal Year ROE Metric</b></td> <td><b>Consensus Forward One Fiscal Year ROE Metric</b></td> </tr> <tr> <td><b>Lululemon</b></td> <td>56.0</td> <td>47.1</td> <td>+41.6%</td> <td>+15.0%</td> <td>33.4%</td> <td>34.8%</td> </tr> <tr> <td>Canada Goose Holdings Inc. (GOOS)</td> <td>40.8</td> <td>26.8</td> <td>+21.7%</td> <td>+18.2%</td> <td>18.7%</td> <td>21.3%</td> </tr> <tr> <td>Under Armour, Inc. (UAA)</td> <td>38.7</td> <td>34.0</td> <td>+23.0%</td> <td>+5.3%</td> <td>13.4%</td> <td>14.8%</td> </tr> <tr> <td>NIKE, Inc. (NKE)</td> <td>37.2</td> <td>31.5</td> <td>+12.4%</td> <td>+10.0%</td> <td>47.1%</td> <td>47.6%</td> </tr> <tr> <td>adidas AG (OTCQX:ADDYY) (OTCQX:ADDDF) [ADS:GR]</td> <td>38.8</td> <td>29.0</td> <td>+10.6%</td> <td>+12.1%</td> <td>22.5%</td> <td>25.2%</td> </tr> </tbody> </table> Source: S&P Capital IQ</p><p><blockquote><table><tbody><tr><td><b>股票</b></td><td><b>共识当前财年正常化市盈率倍数</b></td><td><b>共识预期一财年正常化市盈率倍数</b></td><td><b>共识当前财年收入增长指标</b></td><td><b>共识展望一财年收入增长指标</b></td><td><b>共识当前财年ROE指标</b></td><td><b>共识前瞻性一财年ROE指标</b></td></tr><tr><td><b>露露柠檬</b></td><td>56.0</td><td>47.1</td><td>+41.6%</td><td>+15.0%</td><td>33.4%</td><td>34.8%</td></tr><tr><td>加拿大鹅控股公司(GOOS)</td><td>40.8</td><td>26.8</td><td>+21.7%</td><td>+18.2%</td><td>18.7%</td><td>21.3%</td></tr><tr><td>安德玛公司(UAA)</td><td>38.7</td><td>34.0</td><td>+23.0%</td><td>+5.3%</td><td>13.4%</td><td>14.8%</td></tr><tr><td>耐克公司(NKE)</td><td>37.2</td><td>31.5</td><td>+12.4%</td><td>+10.0%</td><td>47.1%</td><td>47.6%</td></tr><tr><td>阿迪达斯股份公司(OTCQX:ADDYY)(OTCQX:ADDDF)[ADS:GR]</td><td>38.8</td><td>29.0</td><td>+10.6%</td><td>+12.1%</td><td>22.5%</td><td>25.2%</td></tr></tbody></table>资料来源:S&P Capital IQ</blockquote></p><p> As per the peer comparison table presented above, Lululemon is valued by the market at a significant premium to the company's listed peers with respect to forward P/E valuation metrics. LULU does boast superior revenue growth prospects as compared to all of its peers, while its forecasted ROEs are higher than the majority of its peers as well. As such, Lululemon does deserve to trade at higher P/E multiples than that of its peers, but the stock's lofty valuations are not very attractive on an absolute basis if one wants to consider it as an investment candidate.</p><p><blockquote>根据上面提供的同行比较表,就远期市盈率估值指标而言,市场对Lululemon的估值明显高于该公司的上市同行。与所有同行相比,LULU确实拥有优越的收入增长前景,同时其预测的净资产收益率也高于大多数同行。因此,Lululemon确实应该以高于同行的市盈率进行交易,但如果人们想将其视为投资候选者,该股的高估值从绝对基础上来看并不是很有吸引力。</blockquote></p><p> <b>LULU Stock Earnings</b></p><p><blockquote><b>LULU股票收益</b></blockquote></p><p> LULU reported its Q2 2021 earnings on September 8, 2021 after trading hours, and the company's stock price jumped by +11% the next day, from $380.85 to $420.71. It is clear that the market is very satisfied with Lululemon's recent quarterly financial performance.</p><p><blockquote>LULU于2021年9月8日盘后公布了2021年第二季度收益,第二天公司股价上涨+11%,从380.85美元上涨至420.71美元。显然,市场对Lululemon最近的季度财务表现非常满意。</blockquote></p><p> LULU's top line expanded by +61% YoY from $903 million in Q2 2020 to $1,451 million in Q2 2021, while its non-GAAP adjusted earnings per share increased by +123% YoY from $0.74 to$1.65over the same period. Notably, Lululemon's revenue and earnings per share were+9% and +39% higher than the market consensus' forecasts, respectively based on S&P Capital IQ data. As I highlighted in the preceding section with reference to the management's comments, athleisure continues to see strong demand, and Lululemon is a key beneficiary as the leading brand in this segment, which explains the company's good quarterly financial results.</p><p><blockquote>LULU的营收同比增长+61%,从2020年第二季度的9.03亿美元增至2021年第二季度的14.51亿美元,而同期其非GAAP调整后每股收益同比增长+123%,从0.74美元增至1.65美元。值得注意的是,根据标准普尔Capital IQ数据,Lululemon的收入和每股收益分别比市场普遍预测高出+9%和+39%。正如我在上一节中参考管理层评论所强调的那样,运动休闲继续看到强劲的需求,而Lululemon作为该细分市场的领先品牌是主要受益者,这解释了该公司良好的季度财务业绩。</blockquote></p><p> Specifically, the excellent performance of Lululemon's international and e-commerce businesses in the recent quarter is noteworthy. LULU's revenue from international markets grew by +49% YoY in Q2 2021, and this was equivalent to a two-year CAGR of +43%. Lululemon highlighted at the company's Q2 earnings call that \"our international business is ahead of the four times growth (revenue target) we put out to be completed by the end of 2023.\"</p><p><blockquote>具体来看,Lululemon国际和电商业务在最近一个季度的优异表现值得关注。2021年第二季度,LULU来自国际市场的收入同比增长+49%,相当于两年复合年增长率+43%。Lululemon在公司第二季度财报看涨期权上强调,“我们的国际业务领先于我们提出的到2023年底完成的四倍增长(收入目标)。”</blockquote></p><p> On the other hand, LULU's e-commerce sales still increased by+4%YoY (adjusted for foreign exchange effects) in Q2 2021, despite an exceptionally high base in Q2 2020 (+157% YoY e-commerce sales growth). This translates to a two-year e-commerce sales CAGR of approximately +66%. Lululemonrevealedthat it is implementing new initiatives to further drive the growth of its e-commerce business, which includes \"expanding our alternative payment methods, improved storytelling, more predictive search and a more seamless checkout.\"</p><p><blockquote>另一方面,尽管2020年第二季度基数异常高(电子商务销售额同比增长157%),但2021年第二季度露露的电子商务销售额仍同比增长+4%(经外汇影响调整)。这意味着两年电子商务销售额复合年增长率约为+66%。Lululemon透露,它正在实施新举措,以进一步推动其电子商务业务的增长,其中包括“扩大我们的替代支付方式、改进故事讲述、更具预测性的搜索和更无缝的结账。”</blockquote></p><p> Moving ahead, Lululemon is guiding for $6.19-$6.26 billion in revenue and $7.38-$7.48 in earnings per share for full-year fiscal 2021. This is aligned with Wall Street analysts' consensus top line and bottom line of $6.233 billion and $7.48, which translate to YoY growth rates of +41.6% and +59.2%, respectively as per S&P Capital IQ data.</p><p><blockquote>展望未来,Lululemon预计2021财年全年收入为6.19-62.6亿美元,每股收益为7.38-7.48美元。这与华尔街分析师一致的营收和净利润分别为62.33亿美元和7.48美元,根据标准普尔Capital IQ数据,同比增长率分别为+41.6%和+59.2%。</blockquote></p><p> However, there is a real risk that the company disappoints on profitability in the coming quarters.</p><p><blockquote>然而,该公司未来几个季度的盈利能力确实存在令人失望的风险。</blockquote></p><p></p><p> Firstly, Lululemon's future investments could be larger than expected. The company guided at its recent results call for FY 2021 SG&A (Selling, General & Administrative) \"deleverage of 10 to 30 basis points versus 2020\" and an increase in capital expenditures this year. LULU attributed this to \"our investment in MIRROR (highlighted in \"Company Description\" section) brand building\", \"MIRROR shop-in-shops\" and \"increased investment in our supply chain, digital capabilities, new store openings and renovations.\" It is not unusual for actual investments to turn out to be greater than what companies budget for.</p><p><blockquote>首先,Lululemon未来的投资可能会超出预期。该公司在最近的业绩中指导2021财年SG&A(销售、一般和行政)看涨期权“与2020年相比去杠杆化10至30个基点”,并增加今年的资本支出。LULU将此归因于“我们对MIRROR(在“公司描述”部分突出显示)品牌建设的投资”、“MIRROR店中店”以及“对我们的供应链、数字化能力、新店开业和装修的投资增加”。实际投资高于公司预算的情况并不罕见。</blockquote></p><p> Secondly, LULU's introduction of footwear products in 2022 could be negative for the company's overall gross profit margin. At its 1Q 2021 earnings call in June 2021, Lululemon mentioned that \"we are bringing footwear next year.\" As a new product line which will begin with relatively lower volume, footwear products are likely to have lower gross profit margins than LULU's existing core products. In other words, Lululemon's sales mix could be less favorable next year, and this could translate to lower gross margins for the company as a whole.</p><p><blockquote>其次,露露在2022年推出鞋类产品可能会对公司整体毛利率产生负面影响。在2021年6月举行的2021年第一季度财报看涨期权上,Lululemon提到“我们明年将推出鞋类产品”。作为一个新产品线,开始时的销量相对较低,鞋类产品的毛利率可能低于露露现有的核心产品。换句话说,Lululemon明年的销售组合可能会不太有利,这可能会导致整个公司的毛利率下降。</blockquote></p><p> Thirdly, lock-downs in Vietnam relating to COVID-19 could have an adverse impact on the company's business operations. Lululemon acknowledged at its Q2 2021 results briefing that the Vietnam production disruption \"is currently impacting approximately 20% of our second half inventory\", with the country accounting for \"30% of our finished goods.\" A September 13, 2021 <i>Seeking Alpha</i> news article quoted research from <i>BTIG</i> which mentioned that there are \"supply risks in the apparel and footwear sector as the negative impact of Vietnam factory closures becomes clearer.\" LULU's current full-year guidance is based onthe assumptionthat Southern Vietnam commences its re-opening process this month, and if that does not happen, Lululemon's financial numbers in the subsequent quarters could potentially come in below expectations.</p><p><blockquote>第三,越南与COVID-19相关的封锁可能会对公司的业务运营产生不利影响。Lululemon在2021年第二季度业绩简报会上承认,越南生产中断“目前影响了我们下半年约20%的库存”,该国占“我们成品的30%”。a 2021年9月13日<i>寻求阿尔法</i>新闻文章引用了来自<i>BTIG</i>其中提到,“随着越南工厂关闭的负面影响变得更加明显,服装和鞋类行业存在供应风险”。LULU目前的全年指引是基于越南南部本月开始重新开放进程的假设,如果这种情况没有发生,Lululemon随后几个季度的财务数据可能会低于预期。</blockquote></p><p> <b>Is LULU Stock A Buy, Sell, Or Hold?</b></p><p><blockquote><b>LULU股票是买入、卖出还是持有?</b></blockquote></p><p> LULU stock is a Hold based on my analysis.</p><p><blockquote>根据我的分析,LULU股票值得持有。</blockquote></p><p> I fear that Lululemon could suffer from a valuation de-rating, assuming that the company's future quarterly earnings fall short of market expectations as a result of the various factors that I highlighted in the previous section. That said, I do acknowledge that LULU is the market leader in athleisure with significantmarket share, and its medium-term growth prospects are excellent, especially for the international and e-commerce segments. Considering both the positives and negatives associated with the stock, my opinion is that a Hold rating is fair for Lululemon.</p><p><blockquote>我担心Lululemon可能会遭受估值下调,假设该公司未来的季度收益由于我在上一节中强调的各种因素而低于市场预期。也就是说,我确实承认LULU是运动休闲领域的市场领导者,拥有巨大的市场份额,其中期增长前景非常好,尤其是在国际和电子商务领域。考虑到与该股票相关的积极和消极因素,我认为Lululemon的持有评级是公平的。</blockquote></p><p> LULU's key risks are actual investments exceeding its original budget, a failure to ramp up sales of its new footwear products next year to achieve economies of scale, and prolonged lock-downs in Vietnam which bring greater-than-expected disruptions for the company.</p><p><blockquote>LULU面临的主要风险是实际投资超出了最初的预算,明年未能提高新鞋类产品的销量以实现规模经济,以及越南的长期封锁给公司带来了超出预期的干扰。</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>Is Lululemon Stock A Buy Or Sell After Q2 Earnings? Key Risk Is Lower-Than-Expected Profitability<blockquote>第二季度财报公布后,Lululemon股票是买入还是卖出?主要风险是盈利能力低于预期</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 Lululemon Stock A Buy Or Sell After Q2 Earnings? Key Risk Is Lower-Than-Expected Profitability<blockquote>第二季度财报公布后,Lululemon股票是买入还是卖出?主要风险是盈利能力低于预期</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\">2021-09-17 17:36</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>Lululemon's share price has done much better than the key benchmark stock indices in the past few months, as a result of better-than-expected financial performance in 1H 2021.</li> <li>LULU achieved strong top line and bottom line growth in Q2 2021 which also beat market expectations, but lower-than-expected profitability for the company going forward is a key downside risk.</li> <li>I see Lululemon stock as Hold after Q2 earnings, as its valuations are expensive, and an earnings miss in the future could de-rate its shares.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c5831fd8e2c9cd8844c973c0f757a56\" tg-width=\"1536\" tg-height=\"1022\" width=\"100%\" height=\"auto\"><span>jentakespictures/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>由于2021年上半年的财务业绩好于预期,Lululemon的股价在过去几个月的表现远好于主要基准股指。</li><li>LULU在2021年第二季度实现了强劲的营收和利润增长,也超出了市场预期,但公司未来盈利能力低于预期是一个关键的下行风险。</li><li>我认为Lululemon股票在第二季度财报公布后应持有,因为其估值昂贵,未来盈利未达标可能会降低其股票评级。</li></ul><p class=\"t-img-caption\"><span>jentakespictures/iStock社论来自Getty Images</span></p></blockquote></p><p> <b>Elevator Pitch</b></p><p><blockquote><b>电梯间俯仰</b></blockquote></p><p> I assign a Neutral rating to Lululemon Athletica Inc (LULU).</p><p><blockquote>我对Lululemon Athletica Inc(LULU)给予中性评级。</blockquote></p><p> Lululemon has delivered significant stock price outperformance as compared to the major benchmark stock indices in the last couple of months, and the stock's current valuations are not that appealing following its recent share price run. Larger-than-expected investments in the near future, an unfavorable sales mix with the introduction of new footwear products next year, and potential supply chain disruptions could be a potential drag on LULU's forward earnings.</p><p><blockquote>过去几个月,与主要基准股指相比,Lululemon的股价表现显着优于主要基准股指,而在最近的股价上涨之后,该股目前的估值并没有那么有吸引力。近期超出预期的投资、明年推出新鞋类产品带来的不利销售组合以及潜在的供应链中断可能会拖累LULU的预期收益。</blockquote></p><p> My rating for Lululemon is a Hold or Neutral. On one hand, I am positive on LULU's better-than-expected Q2 results and its long-term growth prospects. On the flip side, LULU's premium valuations and recent share price run have priced in the near-term positives for the company, while there are downside risks relating to its future earnings outlook.</p><p><blockquote>我对Lululemon的评级是持有或中性。一方面,我对LULU好于预期的第二季度业绩及其长期增长前景持乐观态度。另一方面,LULU的溢价估值和近期股价上涨已经反映了该公司近期的积极因素,同时其未来盈利前景也存在下行风险。</blockquote></p><p> <b>Company Description</b></p><p><blockquote><b>公司简介</b></blockquote></p><p> In its press releases, Lululemon Athletica Inc refers to itself as \"a healthy lifestyle inspired athletic apparel company for yoga, running, training, and most other sweaty pursuits\". LULU was established in 1998, and the company's shares were listed on the Nasdaq in 2007.</p><p><blockquote>在其新闻稿中,Lululemon Athletica Inc将自己称为“一家受健康生活方式启发的运动服装公司,提供瑜伽、跑步、训练和大多数其他出汗活动”。露露成立于1998年,公司股票于2007年在纳斯达克上市。</blockquote></p><p> As of August 1, 2021, Lululemon boasted a network of 534 storesthat are located in 17 different markets. LULU generated 69%, 14% and 17%of the company's revenue from the US, Canada and international markets, respectively in the first half of FY 2021. The company-operated stores, the direct-to-consumer business, and others contributed 46%, 43% and 11% of its 1H 2021 sales, respectively. In the company's most recent 10-Q filing, Lululemon Athletica defines the others business segment as \"outlets, temporary locations, sales to wholesale accounts, license and supply arrangements, and MIRROR (home gym business acquired in2020).\"</p><p><blockquote>截至2021年8月1日,Lululemon拥有位于17个不同市场的534家门店网络。2021财年上半年,LULU来自美国、加拿大和国际市场的收入分别占公司收入的69%、14%和17%。公司经营的商店、直接面向消费者的业务和其他业务分别贡献了其2021年上半年销售额的46%、43%和11%。在该公司最新的10-Q文件中,Lululemon Athletica将其他业务部门定义为“门店、临时地点、批发账户销售、许可和供应安排以及MIRROR(2020年收购的家庭健身房业务)”。</blockquote></p><p> <b>Lululemon Stock Price</b></p><p><blockquote><b>露露柠檬股价</b></blockquote></p><p> Lululemon's stock price increased by +20.4% and +32.8% in the year-to-date and past one-year time periods, respectively which tracked the performance of the S&P 500 and the Nasdaq Composite very closely. However, LULU started to outperform the key benchmark stock indices in the last couple of months. In the past six months, Lululemon's share price rose by+33.3%, while the Nasdaq Composite and S&P 500 were only up in the low-teens percentages over the same period. In the last three months, LULU's shares went up by +25.0%, as compared to the +7.7% and +5.5% increases for the Nasdaq Composite and S&P 500, respectively during the same time.</p><p><blockquote>Lululemon的股价今年迄今和过去一年分别上涨了+20.4%和+32.8%,非常密切地跟踪了标普500和纳斯达克综合指数的表现。然而,LULU在过去几个月开始跑赢主要基准股指。在过去的六个月里,Lululemon的股价上涨了33.3%,而同期纳斯达克综合指数和标普500指数的涨幅仅在十几岁左右。在过去三个月中,LULU的股价上涨了+25.0%,而同期纳斯达克综合指数和标普500分别上涨了+7.7%和+5.5%。</blockquote></p><p> LULU's earnings beat for both the first and second quarter of 2021 clearly helped to drive the company's recent strong stock price performance. More significantly, Lululemon Athletica's above-expectations financial performance in the first half of this year implies that the company has structural growth drivers working in its favor, instead of merely being a beneficiary of one-off Work-From-Home or WFH tailwinds during the peak of COVID-19.</p><p><blockquote>LULU 2021年第一季度和第二季度的盈利均好于预期,这显然有助于推动该公司近期股价表现强劲。更重要的是,Lululemon Athletica今年上半年超出预期的财务业绩暗示着该公司拥有有利于其的结构性增长驱动力,而不仅仅是在COVID-19高峰期在家工作或WFH的一次性顺风中受益。</blockquote></p><p> At its recent second-quarter results briefing, Lululemon noted that \"the pandemic drove forward, accelerated some of the guest behaviors that play to the strength of our brand\" which included \"general fitness awareness\", \"being well, living well\" and \"the importance of functional apparel\". The company also emphasized that its \"brand is early innings across product with activities where we focus on\" and \"gaining market share across categories\".</p><p><blockquote>在最近的第二季度业绩发布会上,Lululemon指出,“疫情推动了一些发挥我们品牌优势的客人行为”,其中包括“一般健身意识”、“健康,生活得好”和“功能性服装的重要性”。该公司还强调,其“品牌是我们关注的产品和活动的早期阶段”和“获得跨类别的市场份额”。</blockquote></p><p> Separately, it is critical to examine if whether Lululemon's recent share price outperformance makes it less attractive as a potential investment candidate in terms of valuations.</p><p><blockquote>另外,至关重要的是要考察Lululemon最近的股价表现是否会降低其作为潜在投资候选者的估值吸引力。</blockquote></p><p> <b>Peer Valuation Comparison For LULU</b></p><p><blockquote><b>LULU的同行估值比较</b></blockquote></p><p></p><p> <table> <tbody> <tr> <td><b>Stock</b></td> <td><b>Consensus Current Fiscal Year Normalized P/E Multiple</b></td> <td><b>Consensus Forward One Fiscal Year Normalized P/E Multiple</b></td> <td><b>Consensus Current Fiscal Year Revenue Growth Metric</b></td> <td><b>Consensus Forward One Fiscal Year Revenue Growth Metric</b></td> <td><b>Consensus Current Fiscal Year ROE Metric</b></td> <td><b>Consensus Forward One Fiscal Year ROE Metric</b></td> </tr> <tr> <td><b>Lululemon</b></td> <td>56.0</td> <td>47.1</td> <td>+41.6%</td> <td>+15.0%</td> <td>33.4%</td> <td>34.8%</td> </tr> <tr> <td>Canada Goose Holdings Inc. (GOOS)</td> <td>40.8</td> <td>26.8</td> <td>+21.7%</td> <td>+18.2%</td> <td>18.7%</td> <td>21.3%</td> </tr> <tr> <td>Under Armour, Inc. (UAA)</td> <td>38.7</td> <td>34.0</td> <td>+23.0%</td> <td>+5.3%</td> <td>13.4%</td> <td>14.8%</td> </tr> <tr> <td>NIKE, Inc. (NKE)</td> <td>37.2</td> <td>31.5</td> <td>+12.4%</td> <td>+10.0%</td> <td>47.1%</td> <td>47.6%</td> </tr> <tr> <td>adidas AG (OTCQX:ADDYY) (OTCQX:ADDDF) [ADS:GR]</td> <td>38.8</td> <td>29.0</td> <td>+10.6%</td> <td>+12.1%</td> <td>22.5%</td> <td>25.2%</td> </tr> </tbody> </table> Source: S&P Capital IQ</p><p><blockquote><table><tbody><tr><td><b>股票</b></td><td><b>共识当前财年正常化市盈率倍数</b></td><td><b>共识预期一财年正常化市盈率倍数</b></td><td><b>共识当前财年收入增长指标</b></td><td><b>共识展望一财年收入增长指标</b></td><td><b>共识当前财年ROE指标</b></td><td><b>共识前瞻性一财年ROE指标</b></td></tr><tr><td><b>露露柠檬</b></td><td>56.0</td><td>47.1</td><td>+41.6%</td><td>+15.0%</td><td>33.4%</td><td>34.8%</td></tr><tr><td>加拿大鹅控股公司(GOOS)</td><td>40.8</td><td>26.8</td><td>+21.7%</td><td>+18.2%</td><td>18.7%</td><td>21.3%</td></tr><tr><td>安德玛公司(UAA)</td><td>38.7</td><td>34.0</td><td>+23.0%</td><td>+5.3%</td><td>13.4%</td><td>14.8%</td></tr><tr><td>耐克公司(NKE)</td><td>37.2</td><td>31.5</td><td>+12.4%</td><td>+10.0%</td><td>47.1%</td><td>47.6%</td></tr><tr><td>阿迪达斯股份公司(OTCQX:ADDYY)(OTCQX:ADDDF)[ADS:GR]</td><td>38.8</td><td>29.0</td><td>+10.6%</td><td>+12.1%</td><td>22.5%</td><td>25.2%</td></tr></tbody></table>资料来源:S&P Capital IQ</blockquote></p><p> As per the peer comparison table presented above, Lululemon is valued by the market at a significant premium to the company's listed peers with respect to forward P/E valuation metrics. LULU does boast superior revenue growth prospects as compared to all of its peers, while its forecasted ROEs are higher than the majority of its peers as well. As such, Lululemon does deserve to trade at higher P/E multiples than that of its peers, but the stock's lofty valuations are not very attractive on an absolute basis if one wants to consider it as an investment candidate.</p><p><blockquote>根据上面提供的同行比较表,就远期市盈率估值指标而言,市场对Lululemon的估值明显高于该公司的上市同行。与所有同行相比,LULU确实拥有优越的收入增长前景,同时其预测的净资产收益率也高于大多数同行。因此,Lululemon确实应该以高于同行的市盈率进行交易,但如果人们想将其视为投资候选者,该股的高估值从绝对基础上来看并不是很有吸引力。</blockquote></p><p> <b>LULU Stock Earnings</b></p><p><blockquote><b>LULU股票收益</b></blockquote></p><p> LULU reported its Q2 2021 earnings on September 8, 2021 after trading hours, and the company's stock price jumped by +11% the next day, from $380.85 to $420.71. It is clear that the market is very satisfied with Lululemon's recent quarterly financial performance.</p><p><blockquote>LULU于2021年9月8日盘后公布了2021年第二季度收益,第二天公司股价上涨+11%,从380.85美元上涨至420.71美元。显然,市场对Lululemon最近的季度财务表现非常满意。</blockquote></p><p> LULU's top line expanded by +61% YoY from $903 million in Q2 2020 to $1,451 million in Q2 2021, while its non-GAAP adjusted earnings per share increased by +123% YoY from $0.74 to$1.65over the same period. Notably, Lululemon's revenue and earnings per share were+9% and +39% higher than the market consensus' forecasts, respectively based on S&P Capital IQ data. As I highlighted in the preceding section with reference to the management's comments, athleisure continues to see strong demand, and Lululemon is a key beneficiary as the leading brand in this segment, which explains the company's good quarterly financial results.</p><p><blockquote>LULU的营收同比增长+61%,从2020年第二季度的9.03亿美元增至2021年第二季度的14.51亿美元,而同期其非GAAP调整后每股收益同比增长+123%,从0.74美元增至1.65美元。值得注意的是,根据标准普尔Capital IQ数据,Lululemon的收入和每股收益分别比市场普遍预测高出+9%和+39%。正如我在上一节中参考管理层评论所强调的那样,运动休闲继续看到强劲的需求,而Lululemon作为该细分市场的领先品牌是主要受益者,这解释了该公司良好的季度财务业绩。</blockquote></p><p> Specifically, the excellent performance of Lululemon's international and e-commerce businesses in the recent quarter is noteworthy. LULU's revenue from international markets grew by +49% YoY in Q2 2021, and this was equivalent to a two-year CAGR of +43%. Lululemon highlighted at the company's Q2 earnings call that \"our international business is ahead of the four times growth (revenue target) we put out to be completed by the end of 2023.\"</p><p><blockquote>具体来看,Lululemon国际和电商业务在最近一个季度的优异表现值得关注。2021年第二季度,LULU来自国际市场的收入同比增长+49%,相当于两年复合年增长率+43%。Lululemon在公司第二季度财报看涨期权上强调,“我们的国际业务领先于我们提出的到2023年底完成的四倍增长(收入目标)。”</blockquote></p><p> On the other hand, LULU's e-commerce sales still increased by+4%YoY (adjusted for foreign exchange effects) in Q2 2021, despite an exceptionally high base in Q2 2020 (+157% YoY e-commerce sales growth). This translates to a two-year e-commerce sales CAGR of approximately +66%. Lululemonrevealedthat it is implementing new initiatives to further drive the growth of its e-commerce business, which includes \"expanding our alternative payment methods, improved storytelling, more predictive search and a more seamless checkout.\"</p><p><blockquote>另一方面,尽管2020年第二季度基数异常高(电子商务销售额同比增长157%),但2021年第二季度露露的电子商务销售额仍同比增长+4%(经外汇影响调整)。这意味着两年电子商务销售额复合年增长率约为+66%。Lululemon透露,它正在实施新举措,以进一步推动其电子商务业务的增长,其中包括“扩大我们的替代支付方式、改进故事讲述、更具预测性的搜索和更无缝的结账。”</blockquote></p><p> Moving ahead, Lululemon is guiding for $6.19-$6.26 billion in revenue and $7.38-$7.48 in earnings per share for full-year fiscal 2021. This is aligned with Wall Street analysts' consensus top line and bottom line of $6.233 billion and $7.48, which translate to YoY growth rates of +41.6% and +59.2%, respectively as per S&P Capital IQ data.</p><p><blockquote>展望未来,Lululemon预计2021财年全年收入为6.19-62.6亿美元,每股收益为7.38-7.48美元。这与华尔街分析师一致的营收和净利润分别为62.33亿美元和7.48美元,根据标准普尔Capital IQ数据,同比增长率分别为+41.6%和+59.2%。</blockquote></p><p> However, there is a real risk that the company disappoints on profitability in the coming quarters.</p><p><blockquote>然而,该公司未来几个季度的盈利能力确实存在令人失望的风险。</blockquote></p><p></p><p> Firstly, Lululemon's future investments could be larger than expected. The company guided at its recent results call for FY 2021 SG&A (Selling, General & Administrative) \"deleverage of 10 to 30 basis points versus 2020\" and an increase in capital expenditures this year. LULU attributed this to \"our investment in MIRROR (highlighted in \"Company Description\" section) brand building\", \"MIRROR shop-in-shops\" and \"increased investment in our supply chain, digital capabilities, new store openings and renovations.\" It is not unusual for actual investments to turn out to be greater than what companies budget for.</p><p><blockquote>首先,Lululemon未来的投资可能会超出预期。该公司在最近的业绩中指导2021财年SG&A(销售、一般和行政)看涨期权“与2020年相比去杠杆化10至30个基点”,并增加今年的资本支出。LULU将此归因于“我们对MIRROR(在“公司描述”部分突出显示)品牌建设的投资”、“MIRROR店中店”以及“对我们的供应链、数字化能力、新店开业和装修的投资增加”。实际投资高于公司预算的情况并不罕见。</blockquote></p><p> Secondly, LULU's introduction of footwear products in 2022 could be negative for the company's overall gross profit margin. At its 1Q 2021 earnings call in June 2021, Lululemon mentioned that \"we are bringing footwear next year.\" As a new product line which will begin with relatively lower volume, footwear products are likely to have lower gross profit margins than LULU's existing core products. In other words, Lululemon's sales mix could be less favorable next year, and this could translate to lower gross margins for the company as a whole.</p><p><blockquote>其次,露露在2022年推出鞋类产品可能会对公司整体毛利率产生负面影响。在2021年6月举行的2021年第一季度财报看涨期权上,Lululemon提到“我们明年将推出鞋类产品”。作为一个新产品线,开始时的销量相对较低,鞋类产品的毛利率可能低于露露现有的核心产品。换句话说,Lululemon明年的销售组合可能会不太有利,这可能会导致整个公司的毛利率下降。</blockquote></p><p> Thirdly, lock-downs in Vietnam relating to COVID-19 could have an adverse impact on the company's business operations. Lululemon acknowledged at its Q2 2021 results briefing that the Vietnam production disruption \"is currently impacting approximately 20% of our second half inventory\", with the country accounting for \"30% of our finished goods.\" A September 13, 2021 <i>Seeking Alpha</i> news article quoted research from <i>BTIG</i> which mentioned that there are \"supply risks in the apparel and footwear sector as the negative impact of Vietnam factory closures becomes clearer.\" LULU's current full-year guidance is based onthe assumptionthat Southern Vietnam commences its re-opening process this month, and if that does not happen, Lululemon's financial numbers in the subsequent quarters could potentially come in below expectations.</p><p><blockquote>第三,越南与COVID-19相关的封锁可能会对公司的业务运营产生不利影响。Lululemon在2021年第二季度业绩简报会上承认,越南生产中断“目前影响了我们下半年约20%的库存”,该国占“我们成品的30%”。a 2021年9月13日<i>寻求阿尔法</i>新闻文章引用了来自<i>BTIG</i>其中提到,“随着越南工厂关闭的负面影响变得更加明显,服装和鞋类行业存在供应风险”。LULU目前的全年指引是基于越南南部本月开始重新开放进程的假设,如果这种情况没有发生,Lululemon随后几个季度的财务数据可能会低于预期。</blockquote></p><p> <b>Is LULU Stock A Buy, Sell, Or Hold?</b></p><p><blockquote><b>LULU股票是买入、卖出还是持有?</b></blockquote></p><p> LULU stock is a Hold based on my analysis.</p><p><blockquote>根据我的分析,LULU股票值得持有。</blockquote></p><p> I fear that Lululemon could suffer from a valuation de-rating, assuming that the company's future quarterly earnings fall short of market expectations as a result of the various factors that I highlighted in the previous section. That said, I do acknowledge that LULU is the market leader in athleisure with significantmarket share, and its medium-term growth prospects are excellent, especially for the international and e-commerce segments. Considering both the positives and negatives associated with the stock, my opinion is that a Hold rating is fair for Lululemon.</p><p><blockquote>我担心Lululemon可能会遭受估值下调,假设该公司未来的季度收益由于我在上一节中强调的各种因素而低于市场预期。也就是说,我确实承认LULU是运动休闲领域的市场领导者,拥有巨大的市场份额,其中期增长前景非常好,尤其是在国际和电子商务领域。考虑到与该股票相关的积极和消极因素,我认为Lululemon的持有评级是公平的。</blockquote></p><p> LULU's key risks are actual investments exceeding its original budget, a failure to ramp up sales of its new footwear products next year to achieve economies of scale, and prolonged lock-downs in Vietnam which bring greater-than-expected disruptions for the company.</p><p><blockquote>LULU面临的主要风险是实际投资超出了最初的预算,明年未能提高新鞋类产品的销量以实现规模经济,以及越南的长期封锁给公司带来了超出预期的干扰。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://seekingalpha.com/article/4455585-lululemon-stock-buy-sell-q2-earnings\">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":{"LULU":"lululemon athletica"},"source_url":"https://seekingalpha.com/article/4455585-lululemon-stock-buy-sell-q2-earnings","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139296336","content_text":"Summary\n\nLululemon's share price has done much better than the key benchmark stock indices in the past few months, as a result of better-than-expected financial performance in 1H 2021.\nLULU achieved strong top line and bottom line growth in Q2 2021 which also beat market expectations, but lower-than-expected profitability for the company going forward is a key downside risk.\nI see Lululemon stock as Hold after Q2 earnings, as its valuations are expensive, and an earnings miss in the future could de-rate its shares.\n\njentakespictures/iStock Editorial via Getty Images\nElevator Pitch\nI assign a Neutral rating to Lululemon Athletica Inc (LULU).\nLululemon has delivered significant stock price outperformance as compared to the major benchmark stock indices in the last couple of months, and the stock's current valuations are not that appealing following its recent share price run. Larger-than-expected investments in the near future, an unfavorable sales mix with the introduction of new footwear products next year, and potential supply chain disruptions could be a potential drag on LULU's forward earnings.\nMy rating for Lululemon is a Hold or Neutral. On one hand, I am positive on LULU's better-than-expected Q2 results and its long-term growth prospects. On the flip side, LULU's premium valuations and recent share price run have priced in the near-term positives for the company, while there are downside risks relating to its future earnings outlook.\nCompany Description\nIn its press releases, Lululemon Athletica Inc refers to itself as \"a healthy lifestyle inspired athletic apparel company for yoga, running, training, and most other sweaty pursuits\". LULU was established in 1998, and the company's shares were listed on the Nasdaq in 2007.\nAs of August 1, 2021, Lululemon boasted a network of 534 storesthat are located in 17 different markets. LULU generated 69%, 14% and 17%of the company's revenue from the US, Canada and international markets, respectively in the first half of FY 2021. The company-operated stores, the direct-to-consumer business, and others contributed 46%, 43% and 11% of its 1H 2021 sales, respectively. In the company's most recent 10-Q filing, Lululemon Athletica defines the others business segment as \"outlets, temporary locations, sales to wholesale accounts, license and supply arrangements, and MIRROR (home gym business acquired in2020).\"\nLululemon Stock Price\nLululemon's stock price increased by +20.4% and +32.8% in the year-to-date and past one-year time periods, respectively which tracked the performance of the S&P 500 and the Nasdaq Composite very closely. However, LULU started to outperform the key benchmark stock indices in the last couple of months. In the past six months, Lululemon's share price rose by+33.3%, while the Nasdaq Composite and S&P 500 were only up in the low-teens percentages over the same period. In the last three months, LULU's shares went up by +25.0%, as compared to the +7.7% and +5.5% increases for the Nasdaq Composite and S&P 500, respectively during the same time.\nLULU's earnings beat for both the first and second quarter of 2021 clearly helped to drive the company's recent strong stock price performance. More significantly, Lululemon Athletica's above-expectations financial performance in the first half of this year implies that the company has structural growth drivers working in its favor, instead of merely being a beneficiary of one-off Work-From-Home or WFH tailwinds during the peak of COVID-19.\nAt its recent second-quarter results briefing, Lululemon noted that \"the pandemic drove forward, accelerated some of the guest behaviors that play to the strength of our brand\" which included \"general fitness awareness\", \"being well, living well\" and \"the importance of functional apparel\". The company also emphasized that its \"brand is early innings across product with activities where we focus on\" and \"gaining market share across categories\".\nSeparately, it is critical to examine if whether Lululemon's recent share price outperformance makes it less attractive as a potential investment candidate in terms of valuations.\nPeer Valuation Comparison For LULU\n\n\n\nStock\nConsensus Current Fiscal Year Normalized P/E Multiple\nConsensus Forward One Fiscal Year Normalized P/E Multiple\nConsensus Current Fiscal Year Revenue Growth Metric\nConsensus Forward One Fiscal Year Revenue Growth Metric\nConsensus Current Fiscal Year ROE Metric\nConsensus Forward One Fiscal Year ROE Metric\n\n\nLululemon\n56.0\n47.1\n+41.6%\n+15.0%\n33.4%\n34.8%\n\n\nCanada Goose Holdings Inc. (GOOS)\n40.8\n26.8\n+21.7%\n+18.2%\n18.7%\n21.3%\n\n\nUnder Armour, Inc. (UAA)\n38.7\n34.0\n+23.0%\n+5.3%\n13.4%\n14.8%\n\n\nNIKE, Inc. (NKE)\n37.2\n31.5\n+12.4%\n+10.0%\n47.1%\n47.6%\n\n\nadidas AG (OTCQX:ADDYY) (OTCQX:ADDDF) [ADS:GR]\n38.8\n29.0\n+10.6%\n+12.1%\n22.5%\n25.2%\n\n\n\nSource: S&P Capital IQ\nAs per the peer comparison table presented above, Lululemon is valued by the market at a significant premium to the company's listed peers with respect to forward P/E valuation metrics. LULU does boast superior revenue growth prospects as compared to all of its peers, while its forecasted ROEs are higher than the majority of its peers as well. As such, Lululemon does deserve to trade at higher P/E multiples than that of its peers, but the stock's lofty valuations are not very attractive on an absolute basis if one wants to consider it as an investment candidate.\nLULU Stock Earnings\nLULU reported its Q2 2021 earnings on September 8, 2021 after trading hours, and the company's stock price jumped by +11% the next day, from $380.85 to $420.71. It is clear that the market is very satisfied with Lululemon's recent quarterly financial performance.\nLULU's top line expanded by +61% YoY from $903 million in Q2 2020 to $1,451 million in Q2 2021, while its non-GAAP adjusted earnings per share increased by +123% YoY from $0.74 to$1.65over the same period. Notably, Lululemon's revenue and earnings per share were+9% and +39% higher than the market consensus' forecasts, respectively based on S&P Capital IQ data. As I highlighted in the preceding section with reference to the management's comments, athleisure continues to see strong demand, and Lululemon is a key beneficiary as the leading brand in this segment, which explains the company's good quarterly financial results.\nSpecifically, the excellent performance of Lululemon's international and e-commerce businesses in the recent quarter is noteworthy. LULU's revenue from international markets grew by +49% YoY in Q2 2021, and this was equivalent to a two-year CAGR of +43%. Lululemon highlighted at the company's Q2 earnings call that \"our international business is ahead of the four times growth (revenue target) we put out to be completed by the end of 2023.\"\nOn the other hand, LULU's e-commerce sales still increased by+4%YoY (adjusted for foreign exchange effects) in Q2 2021, despite an exceptionally high base in Q2 2020 (+157% YoY e-commerce sales growth). This translates to a two-year e-commerce sales CAGR of approximately +66%. Lululemonrevealedthat it is implementing new initiatives to further drive the growth of its e-commerce business, which includes \"expanding our alternative payment methods, improved storytelling, more predictive search and a more seamless checkout.\"\nMoving ahead, Lululemon is guiding for $6.19-$6.26 billion in revenue and $7.38-$7.48 in earnings per share for full-year fiscal 2021. This is aligned with Wall Street analysts' consensus top line and bottom line of $6.233 billion and $7.48, which translate to YoY growth rates of +41.6% and +59.2%, respectively as per S&P Capital IQ data.\nHowever, there is a real risk that the company disappoints on profitability in the coming quarters.\nFirstly, Lululemon's future investments could be larger than expected. The company guided at its recent results call for FY 2021 SG&A (Selling, General & Administrative) \"deleverage of 10 to 30 basis points versus 2020\" and an increase in capital expenditures this year. LULU attributed this to \"our investment in MIRROR (highlighted in \"Company Description\" section) brand building\", \"MIRROR shop-in-shops\" and \"increased investment in our supply chain, digital capabilities, new store openings and renovations.\" It is not unusual for actual investments to turn out to be greater than what companies budget for.\nSecondly, LULU's introduction of footwear products in 2022 could be negative for the company's overall gross profit margin. At its 1Q 2021 earnings call in June 2021, Lululemon mentioned that \"we are bringing footwear next year.\" As a new product line which will begin with relatively lower volume, footwear products are likely to have lower gross profit margins than LULU's existing core products. In other words, Lululemon's sales mix could be less favorable next year, and this could translate to lower gross margins for the company as a whole.\nThirdly, lock-downs in Vietnam relating to COVID-19 could have an adverse impact on the company's business operations. Lululemon acknowledged at its Q2 2021 results briefing that the Vietnam production disruption \"is currently impacting approximately 20% of our second half inventory\", with the country accounting for \"30% of our finished goods.\" A September 13, 2021 Seeking Alpha news article quoted research from BTIG which mentioned that there are \"supply risks in the apparel and footwear sector as the negative impact of Vietnam factory closures becomes clearer.\" LULU's current full-year guidance is based onthe assumptionthat Southern Vietnam commences its re-opening process this month, and if that does not happen, Lululemon's financial numbers in the subsequent quarters could potentially come in below expectations.\nIs LULU Stock A Buy, Sell, Or Hold?\nLULU stock is a Hold based on my analysis.\nI fear that Lululemon could suffer from a valuation de-rating, assuming that the company's future quarterly earnings fall short of market expectations as a result of the various factors that I highlighted in the previous section. That said, I do acknowledge that LULU is the market leader in athleisure with significantmarket share, and its medium-term growth prospects are excellent, especially for the international and e-commerce segments. Considering both the positives and negatives associated with the stock, my opinion is that a Hold rating is fair for Lululemon.\nLULU's key risks are actual investments exceeding its original budget, a failure to ramp up sales of its new footwear products next year to achieve economies of scale, and prolonged lock-downs in Vietnam which bring greater-than-expected disruptions for the company.","news_type":1,"symbols_score_info":{"LULU":0.9}},"isVote":1,"tweetType":1,"viewCount":3176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":370109255,"gmtCreate":1618558925177,"gmtModify":1634292088781,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"Movies too!","listText":"Movies too!","text":"Movies too!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/370109255","repostId":"1151397636","repostType":4,"isVote":1,"tweetType":1,"viewCount":670,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124964272,"gmtCreate":1624720784596,"gmtModify":1631890704934,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"[Miser] ","listText":"[Miser] ","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/124964272","repostId":"1116948252","repostType":4,"isVote":1,"tweetType":1,"viewCount":1564,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112607350,"gmtCreate":1622864064270,"gmtModify":1631890704944,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"What does this even mean?","listText":"What does this even mean?","text":"What does this even mean?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/112607350","repostId":"2141404739","repostType":2,"isVote":1,"tweetType":1,"viewCount":3418,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106434629,"gmtCreate":1620138444161,"gmtModify":1631890704945,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"Hold ur horses ","listText":"Hold ur horses ","text":"Hold ur horses","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/106434629","repostId":"1150215705","repostType":4,"repost":{"id":"1150215705","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":1620135133,"share":"https://www.laohu8.com/m/news/1150215705?lang=zh_CN&edition=full","pubTime":"2021-05-04 21:32","market":"us","language":"en","title":"Stocks decline after a solid start to May, tech shares lead losses<blockquote>股市在五月强劲开局后下跌,科技股领跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1150215705","media":"Tiger Newspress","summary":"(May 4) The major averages fell on Tuesday, following a strong start to May, with technology stocks ","content":"<p>(May 4) The major averages fell on Tuesday, following a strong start to May, with technology stocks experiencing the biggest selling pressure.</p><p><blockquote>(5月4日)继5月强劲开局后,主要股指周二下跌,科技股遭遇最大抛售压力。</blockquote></p><p>The Dow Jones Industrial Average lost 90 points. The S&P 500 fell 0.5%. The tech-heavy Nasdaq Composite was the hardest hit, dropping 0.9%.</p><p><blockquote>道琼斯工业平均指数下跌90点。标普500下跌0.5%。以科技股为主的纳斯达克综合指数受到的打击最为严重,下跌0.9%。</blockquote></p><p>Apple, Tesla and Alphabet were all down 1% shortly after the open.</p><p><blockquote>苹果、特斯拉和Alphabet开盘后不久均下跌1%。</blockquote></p><p>Bank stocks rally. </p><p><blockquote>银行股上涨。</blockquote></p><p><img src=\"https://static.tigerbbs.com/b474d7c79644c649a1944236e72262f6\" tg-width=\"268\" tg-height=\"240\">Oil stocks rose.</p><p><blockquote>石油股上涨。</blockquote></p><p><img src=\"https://static.tigerbbs.com/deb5072ad8a43d76f9f7322e8c5525c6\" tg-width=\"266\" tg-height=\"241\"></p><p><blockquote></blockquote></p><p>Countering that move were stocks rising on strong earnings. Pfizer shares rose 1% in premarket tradingafter posting quarterly resultsthat beat expectations and raising its 2021 guidance. CVS Health shares jumped 3% after the pharmacy chain and insurance companyalso raised its guidance.</p><p><blockquote>与这一走势相反的是股市因强劲盈利而上涨。辉瑞公布季度业绩超出预期并上调2021年指引后,股价在盘前交易中上涨1%。在连锁药店和保险公司CVS Health也上调指引后,该公司股价上涨3%。</blockquote></p><p>United States Steelmoved 3% higher in premarket trading after Credit Suisseupgradedthe stock to outperform from underperform, saying that the surge in prices for steel made it clear that the industry was in a “super cycle.”</p><p><blockquote>瑞士信贷将美国钢铁公司股票评级从跑输大盘上调至跑赢大盘,称钢铁价格飙升清楚地表明该行业正处于“超级周期”,该股在盘前交易中上涨3%。</blockquote></p><p>The move in futures occurred as investors jockeyed to pick which shares to ride and which shares to dump from here with the market at all time highs. Investors are torn between playing the reopening with shares like retailers or continuing to bet on Big Tech, which just reported blockbuster earnings.</p><p><blockquote>在市场处于历史高点的情况下,投资者争先恐后地选择买入哪些股票以及抛售哪些股票。投资者在选择零售商等股票重新开放还是继续押注刚刚公布巨额收益的大型科技公司之间左右为难。</blockquote></p><p>“The whole thing to me is this amazing leadership problem,” Frank Gretz, a technical analyst at Wellington Shields, told CNBC. “There were 2,800 stocks up on the New York Stock Exchange yesterday, but it was hard to make money. That’s a very unusual pattern. It’s just the difference between these reopen stocks versus the tech stocks.”</p><p><blockquote>Wellington Shields的技术分析师Frank Gretz告诉CNBC:“对我来说,整个事情就是这个惊人的领导力问题。”“昨天纽约证券交易所有2800只股票上涨,但很难赚钱。这是一个非常不寻常的模式。这只是这些重新开放的股票与科技股之间的差异。”</blockquote></p><p>The move in futures followed solid gains for the Dow on Monday as piled into shares that would benefit the most from an economic reopening. The 30-stock benchmark rallied more than 200 points, while the S&P 500 inched up 0.3%. Retail stocks led the market advance with Gap and Macy’s rallying more than 7%. Dillard’s rose nearly 10%, while Urban Outfitters and Kohl’s both gained more than 5%.</p><p><blockquote>期货走势是在道琼斯指数周一强劲上涨之后出现的,因为人们涌入了将从经济重新开放中受益最大的股票。30只股票基准上涨超过200点,而标普500小幅上涨0.3%。零售股领涨市场,Gap和梅西百货上涨超过7%。Dillard's涨近10%,Urban Outfitters和Kohl's均涨超5%。</blockquote></p><p>“Buying activity picked up within industrials, Boeing and Delta saw heavy trading activity as investors may be taking advantage of depressed pricing and banking on reopenings,” said Chris Larkin, managing director of trading and investing product at E-Trade Financial.</p><p><blockquote>E-Trade Financial交易和投资产品董事总经理克里斯·拉金(Chris Larkin)表示:“工业、波音和达美航空的购买活动有所回升,交易活动活跃,因为投资者可能会利用低迷的定价和重新开放的银行业务。”</blockquote></p><p>States continued to relax pandemic restrictions amid the vaccine rollout. New York Gov. Andrew Cuomo announced that most capacity restrictions will be lifted across New York, New Jersey and Connecticut, while 24-hour subway service will resume in New York City later this month.</p><p><blockquote>在疫苗推出期间,各州继续放松大流行限制。纽约州州长安德鲁·科莫宣布,纽约、新泽西和康涅狄格将取消大部分运力限制,而纽约市将于本月晚些时候恢复24小时地铁服务。</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>Stocks decline after a solid start to May, tech shares lead losses<blockquote>股市在五月强劲开局后下跌,科技股领跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStocks decline after a solid start to May, tech shares lead losses<blockquote>股市在五月强劲开局后下跌,科技股领跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-05-04 21:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(May 4) The major averages fell on Tuesday, following a strong start to May, with technology stocks experiencing the biggest selling pressure.</p><p><blockquote>(5月4日)继5月强劲开局后,主要股指周二下跌,科技股遭遇最大抛售压力。</blockquote></p><p>The Dow Jones Industrial Average lost 90 points. The S&P 500 fell 0.5%. The tech-heavy Nasdaq Composite was the hardest hit, dropping 0.9%.</p><p><blockquote>道琼斯工业平均指数下跌90点。标普500下跌0.5%。以科技股为主的纳斯达克综合指数受到的打击最为严重,下跌0.9%。</blockquote></p><p>Apple, Tesla and Alphabet were all down 1% shortly after the open.</p><p><blockquote>苹果、特斯拉和Alphabet开盘后不久均下跌1%。</blockquote></p><p>Bank stocks rally. </p><p><blockquote>银行股上涨。</blockquote></p><p><img src=\"https://static.tigerbbs.com/b474d7c79644c649a1944236e72262f6\" tg-width=\"268\" tg-height=\"240\">Oil stocks rose.</p><p><blockquote>石油股上涨。</blockquote></p><p><img src=\"https://static.tigerbbs.com/deb5072ad8a43d76f9f7322e8c5525c6\" tg-width=\"266\" tg-height=\"241\"></p><p><blockquote></blockquote></p><p>Countering that move were stocks rising on strong earnings. Pfizer shares rose 1% in premarket tradingafter posting quarterly resultsthat beat expectations and raising its 2021 guidance. CVS Health shares jumped 3% after the pharmacy chain and insurance companyalso raised its guidance.</p><p><blockquote>与这一走势相反的是股市因强劲盈利而上涨。辉瑞公布季度业绩超出预期并上调2021年指引后,股价在盘前交易中上涨1%。在连锁药店和保险公司CVS Health也上调指引后,该公司股价上涨3%。</blockquote></p><p>United States Steelmoved 3% higher in premarket trading after Credit Suisseupgradedthe stock to outperform from underperform, saying that the surge in prices for steel made it clear that the industry was in a “super cycle.”</p><p><blockquote>瑞士信贷将美国钢铁公司股票评级从跑输大盘上调至跑赢大盘,称钢铁价格飙升清楚地表明该行业正处于“超级周期”,该股在盘前交易中上涨3%。</blockquote></p><p>The move in futures occurred as investors jockeyed to pick which shares to ride and which shares to dump from here with the market at all time highs. Investors are torn between playing the reopening with shares like retailers or continuing to bet on Big Tech, which just reported blockbuster earnings.</p><p><blockquote>在市场处于历史高点的情况下,投资者争先恐后地选择买入哪些股票以及抛售哪些股票。投资者在选择零售商等股票重新开放还是继续押注刚刚公布巨额收益的大型科技公司之间左右为难。</blockquote></p><p>“The whole thing to me is this amazing leadership problem,” Frank Gretz, a technical analyst at Wellington Shields, told CNBC. “There were 2,800 stocks up on the New York Stock Exchange yesterday, but it was hard to make money. That’s a very unusual pattern. It’s just the difference between these reopen stocks versus the tech stocks.”</p><p><blockquote>Wellington Shields的技术分析师Frank Gretz告诉CNBC:“对我来说,整个事情就是这个惊人的领导力问题。”“昨天纽约证券交易所有2800只股票上涨,但很难赚钱。这是一个非常不寻常的模式。这只是这些重新开放的股票与科技股之间的差异。”</blockquote></p><p>The move in futures followed solid gains for the Dow on Monday as piled into shares that would benefit the most from an economic reopening. The 30-stock benchmark rallied more than 200 points, while the S&P 500 inched up 0.3%. Retail stocks led the market advance with Gap and Macy’s rallying more than 7%. Dillard’s rose nearly 10%, while Urban Outfitters and Kohl’s both gained more than 5%.</p><p><blockquote>期货走势是在道琼斯指数周一强劲上涨之后出现的,因为人们涌入了将从经济重新开放中受益最大的股票。30只股票基准上涨超过200点,而标普500小幅上涨0.3%。零售股领涨市场,Gap和梅西百货上涨超过7%。Dillard's涨近10%,Urban Outfitters和Kohl's均涨超5%。</blockquote></p><p>“Buying activity picked up within industrials, Boeing and Delta saw heavy trading activity as investors may be taking advantage of depressed pricing and banking on reopenings,” said Chris Larkin, managing director of trading and investing product at E-Trade Financial.</p><p><blockquote>E-Trade Financial交易和投资产品董事总经理克里斯·拉金(Chris Larkin)表示:“工业、波音和达美航空的购买活动有所回升,交易活动活跃,因为投资者可能会利用低迷的定价和重新开放的银行业务。”</blockquote></p><p>States continued to relax pandemic restrictions amid the vaccine rollout. New York Gov. Andrew Cuomo announced that most capacity restrictions will be lifted across New York, New Jersey and Connecticut, while 24-hour subway service will resume in New York City later this month.</p><p><blockquote>在疫苗推出期间,各州继续放松大流行限制。纽约州州长安德鲁·科莫宣布,纽约、新泽西和康涅狄格将取消大部分运力限制,而纽约市将于本月晚些时候恢复24小时地铁服务。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150215705","content_text":"(May 4) The major averages fell on Tuesday, following a strong start to May, with technology stocks experiencing the biggest selling pressure.The Dow Jones Industrial Average lost 90 points. The S&P 500 fell 0.5%. The tech-heavy Nasdaq Composite was the hardest hit, dropping 0.9%.Apple, Tesla and Alphabet were all down 1% shortly after the open.Bank stocks rally. Oil stocks rose.Countering that move were stocks rising on strong earnings. Pfizer shares rose 1% in premarket tradingafter posting quarterly resultsthat beat expectations and raising its 2021 guidance. CVS Health shares jumped 3% after the pharmacy chain and insurance companyalso raised its guidance.United States Steelmoved 3% higher in premarket trading after Credit Suisseupgradedthe stock to outperform from underperform, saying that the surge in prices for steel made it clear that the industry was in a “super cycle.”The move in futures occurred as investors jockeyed to pick which shares to ride and which shares to dump from here with the market at all time highs. Investors are torn between playing the reopening with shares like retailers or continuing to bet on Big Tech, which just reported blockbuster earnings.“The whole thing to me is this amazing leadership problem,” Frank Gretz, a technical analyst at Wellington Shields, told CNBC. “There were 2,800 stocks up on the New York Stock Exchange yesterday, but it was hard to make money. That’s a very unusual pattern. It’s just the difference between these reopen stocks versus the tech stocks.”The move in futures followed solid gains for the Dow on Monday as piled into shares that would benefit the most from an economic reopening. The 30-stock benchmark rallied more than 200 points, while the S&P 500 inched up 0.3%. Retail stocks led the market advance with Gap and Macy’s rallying more than 7%. Dillard’s rose nearly 10%, while Urban Outfitters and Kohl’s both gained more than 5%.“Buying activity picked up within industrials, Boeing and Delta saw heavy trading activity as investors may be taking advantage of depressed pricing and banking on reopenings,” said Chris Larkin, managing director of trading and investing product at E-Trade Financial.States continued to relax pandemic restrictions amid the vaccine rollout. New York Gov. Andrew Cuomo announced that most capacity restrictions will be lifted across New York, New Jersey and Connecticut, while 24-hour subway service will resume in New York City later this month.","news_type":1,"symbols_score_info":{".DJI":0.9,"SPY":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1617,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":100215903,"gmtCreate":1619616965102,"gmtModify":1634211320308,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"Pleaae help to like thank u!","listText":"Pleaae help to like thank u!","text":"Pleaae help to like thank u!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/100215903","repostId":"1137925814","repostType":4,"repost":{"id":"1137925814","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":1619611806,"share":"https://www.laohu8.com/m/news/1137925814?lang=zh_CN&edition=full","pubTime":"2021-04-28 20:10","market":"us","language":"en","title":"Toplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137925814","media":"Tiger Newspress","summary":"U.S. stock futures fell across the board Wednesday, the Dow Futures fell 0.26%,Nasdaq 100 Futures fe","content":"<p>U.S. stock futures fell across the board Wednesday, the Dow Futures fell 0.26%,Nasdaq 100 Futures fell 0.23%,S&P 500 Futuresfell 0.03%.As investors digest earnings from mega-cap tech companies ahead of the latest Federal Reserve meeting and a key speech from President Joe Biden.</p><p><blockquote>周三美股期货全线下跌,道指期货下跌0.26%,纳斯达克100指数期货下跌0.23%,标普500期货下跌0.03%。投资者在美联储最新会议和总统发表重要讲话之前消化大型科技公司的财报乔·拜登。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06e29b9aa288541087f7264a1b4f3f5e\" tg-width=\"1242\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:10</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源自Tiger Trade,美国东部时间08:10</span></p></blockquote></p><p>The U.S. central bank is not expected to change its ultra-easy monetary policies, with thedecisiondue at 2 PM ET (1900 GMT). A lot of the focus will be comments from Chairman Jerome Powell, who has been consistent of late in indicating that policymakers won't be withdrawing support anytime soon.</p><p><blockquote>预计美联储不会改变其超宽松货币政策,决定将于美国东部时间下午2点(格林威治标准时间1900)做出。很多焦点将是主席杰罗姆·鲍威尔的评论,他最近一直表示政策制定者不会很快撤回支持。</blockquote></p><p>Also of interest will be a speech by PresidentJoe Bidenbefore a joint session of Congress, where he is expected to call on U.S. policymakers to pass a $1.8 trillion package aimed toward children and families and the tax increases needed to pay for it.</p><p><blockquote>同样令人感兴趣的还有总统乔·拜登在国会联席会议上的讲话,预计他将在会上就美国政策制定者通过一项针对儿童和家庭的1.8万亿美元一揽子计划以及为此支付所需的增税进行看涨期权。</blockquote></p><p><b><i>Take a look at some of the biggest movers in the premarket:</i></b></p><p><blockquote><b><i>看看盘前市场中一些最大的推动者:</i></b></blockquote></p><p>Alphabet(GOOGL) – Alphabet reported record profit for the second consecutive quarter, earnings of $26.29 per share compared to a consensus estimate of $15.82 a share. Revenue beat forecasts, and the Google parent also announced a $50 billion share buyback. Shares jumped 5.1% premarket.</p><p><blockquote>Alphabet(GOOGL)——Alphabet连续第二个季度公布创纪录的利润,每股收益为26.29美元,而市场普遍预期为每股15.82美元。营收超出预期,谷歌母公司还宣布回购500亿美元股票。盘前股价上涨5.1%。</blockquote></p><p>Spotify(SPOT) – The music streaming service logged a smaller-than-expected loss for its latest quarter, as well as beating revenue estimates and reporting a 24% increase in monthly active users. Its projected range for the current quarter's operating loss falls largely below analyst forecasts, however, and the shares skidded 7.8% in the premarket.</p><p><blockquote>Spotify(SPOT)——这家音乐流媒体服务最近一个季度的亏损小于预期,收入超出预期,月活跃用户增长了24%。然而,其本季度运营亏损的预计范围大大低于分析师的预测,股价在盘前下跌7.8%。</blockquote></p><p>Pinterest(PINS) – Pinterest shares tanked 11.9% in the premarket, despite beating estimates on both the top and bottom lines for its latest quarter. Investors are focusing on a slowdown in user growth for the image-sharing company.</p><p><blockquote>Pinterest(PINS)——尽管Pinterest最近一个季度的营收和利润均超出预期,但其股价在盘前下跌11.9%。投资者关注这家图像共享公司用户增长放缓。</blockquote></p><p>Shopify(SHOP) – The e-commerce platform provider’s stock rallied 5.5% in the premarket after reporting better-than-expected earnings and revenue for its latest quarter. Shopify continues to benefit from the boom in online shopping.</p><p><blockquote>Shopify(SHOP)——这家电子商务平台提供商公布最新季度盈利和收入好于预期后,其股价在盘前上涨5.5%。Shopify继续受益于在线购物的繁荣。</blockquote></p><p>Boeing(BA) – Boeinglost $1.53 per share, compared to a consensus forecast for a loss of $1.15 per share. Revenue was better than expected, although the jet maker said the global pandemic continues to challenge the overall market environment. Boeing fell 1.2% in premarket trading.</p><p><blockquote>波音(BA)——波音每股亏损1.53美元,而市场普遍预测为每股亏损1.15美元。尽管这家飞机制造商表示全球大流行继续挑战整体市场环境,但收入好于预期。波音在盘前交易中下跌1.2%。</blockquote></p><p>Stanley Black & Decker(SWK) – The tool company beat estimates on the top and bottom lines for its latest quarter. The company also raised its fiscal year forecast and boosted its stock buyback plans by 20 million shares. Stanley Black & Decker saw particularly strong growth for tools and storage products.</p><p><blockquote>Stanley Black&Decker(SWK)——这家工具公司最近一个季度的营收和利润超出了预期。该公司还上调了财年预期,并将股票回购计划增加了2000万股。Stanley Black&Decker的工具和存储产品增长尤其强劲。</blockquote></p><p>Humana(HUM) – The health insurer earned $7.67 per share for its latest quarter, better than the $7.08 a share consensus estimate. Revenue beat forecasts as well, helped by strength in sales of its Medicare Advantage plans.</p><p><blockquote>Humana(HUM)——这家健康保险公司最近一个季度的每股收益为7.67美元,好于每股7.08美元的普遍预期。得益于Medicare Advantage计划销售强劲,收入也超出了预期。</blockquote></p><p>General Dynamics(GD) – The defense contractor’s shares added 2.2% in premarket action after it beat top and bottom line estimates for its latest quarter, helped by strength in its aerospace unit.</p><p><blockquote>通用动力(GD)——得益于航空航天部门的实力,这家国防承包商最近一个季度的营收和利润超出了预期,其股价在盘前上涨了2.2%。</blockquote></p><p>Garmin(GRMN) – Garmin earned $1.18 per share for the first quarter, beating the 89 cents a share consensus estimates. Revenue exceeded estimates by a wide margin amid double-digit growth for its fitness, outdoor, marine and auto segments.</p><p><blockquote>Garmin(GRMN)——Garmin第一季度每股收益1.18美元,超过每股89美分的普遍预期。健身、户外、船舶和汽车领域的收入实现两位数增长,大幅超出预期。</blockquote></p><p>Brinker International(EAT) – The parent of Chili’s and other restaurant chains missed estimates on the top and bottom lines for its latest quarter, but it gave a better-than-expected outlook. Shares rose 2.7% premarket.</p><p><blockquote>Brinker International(EAT)——Chili's和其他连锁餐厅的母公司最近一个季度的营收和利润未达到预期,但其前景好于预期。盘前股价上涨2.7%。</blockquote></p><p>Starbucks(SBUX) – Starbucks beat estimates by 9 cents a share, with quarterly earnings of 62 cents per share. Revenue came in short of forecasts, however, due to weak international sales. The coffee chain said U.S. sales have recovered to pre-pandemic levels. Starbucks shares slid 1.6% in premarket trading.</p><p><blockquote>星巴克(SBUX)——星巴克每股收益超出预期9美分,季度收益为每股62美分。然而,由于国际销售疲软,收入低于预期。这家咖啡连锁店表示,美国的销售额已经恢复到大流行前的水平。星巴克股价在盘前交易中下跌1.6%。</blockquote></p><p>Microsoft(MSFT) – Microsoft fell 2.5% in the premarket despite earning $1.95 per share for its latest quarter, beating the $1.78 a share consensus estimate. Revenue came in above forecasts as well, boosted by an expanding presence in cloud computing and business services.</p><p><blockquote>微软(MSFT)——尽管微软最近一个季度每股收益为1.95美元,超出了每股1.78美元的普遍预期,但盘前仍下跌2.5%。由于云计算和商业服务业务的扩大,收入也高于预期。</blockquote></p><p>Mondelez(MDLZ) – Mondelez came in 8 cents a share above estimates, with quarterly profit of 77 cents per share. The snack maker’s revenue also came in above Wall Street projections. Mondelez continues to benefit from consumers stocking up on snacks amid the pandemic, especially in international markets where lockdowns are still prevalent. Mondelez shares added 2.5% in premarket action.</p><p><blockquote>亿滋(MDLZ)-亿滋每股收益比预期高出8美分,季度利润为每股77美分。这家零食制造商的收入也高于华尔街的预测。亿滋继续受益于消费者在疫情期间囤积零食,特别是在封锁仍然普遍的国际市场。亿滋股价在盘前上涨2.5%。</blockquote></p><p>Visa(V) – Visa reported quarterly profit of $1.38 per share, 11 cents a share above estimates. The payment network operator also posted better-than-expected revenue, boosted by the ongoing surge in online shopping. Shares gained 1.6% in premarket action.</p><p><blockquote>Visa(V)-Visa报告季度利润为每股1.38美元,比预期高出11美分。受在线购物持续激增的推动,这家支付网络运营商的收入也好于预期。股价在盘前上涨1.6%。</blockquote></p><p></p><p>Sony(SONY) – Sony reported better-than-expected profit and revenue for its latest quarter, driven by an ongoing jump in gaming demand as well as the popularity of the PlayStation 5 gaming console. Sony gained 3.6% in premarket trading.</p><p><blockquote>索尼(SONY)——在游戏需求持续增长以及PlayStation 5游戏机受欢迎的推动下,索尼公布了好于预期的最新季度利润和收入。索尼在盘前交易中上涨3.6%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-04-28 20:10</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stock futures fell across the board Wednesday, the Dow Futures fell 0.26%,Nasdaq 100 Futures fell 0.23%,S&P 500 Futuresfell 0.03%.As investors digest earnings from mega-cap tech companies ahead of the latest Federal Reserve meeting and a key speech from President Joe Biden.</p><p><blockquote>周三美股期货全线下跌,道指期货下跌0.26%,纳斯达克100指数期货下跌0.23%,标普500期货下跌0.03%。投资者在美联储最新会议和总统发表重要讲话之前消化大型科技公司的财报乔·拜登。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06e29b9aa288541087f7264a1b4f3f5e\" tg-width=\"1242\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:10</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源自Tiger Trade,美国东部时间08:10</span></p></blockquote></p><p>The U.S. central bank is not expected to change its ultra-easy monetary policies, with thedecisiondue at 2 PM ET (1900 GMT). A lot of the focus will be comments from Chairman Jerome Powell, who has been consistent of late in indicating that policymakers won't be withdrawing support anytime soon.</p><p><blockquote>预计美联储不会改变其超宽松货币政策,决定将于美国东部时间下午2点(格林威治标准时间1900)做出。很多焦点将是主席杰罗姆·鲍威尔的评论,他最近一直表示政策制定者不会很快撤回支持。</blockquote></p><p>Also of interest will be a speech by PresidentJoe Bidenbefore a joint session of Congress, where he is expected to call on U.S. policymakers to pass a $1.8 trillion package aimed toward children and families and the tax increases needed to pay for it.</p><p><blockquote>同样令人感兴趣的还有总统乔·拜登在国会联席会议上的讲话,预计他将在会上就美国政策制定者通过一项针对儿童和家庭的1.8万亿美元一揽子计划以及为此支付所需的增税进行看涨期权。</blockquote></p><p><b><i>Take a look at some of the biggest movers in the premarket:</i></b></p><p><blockquote><b><i>看看盘前市场中一些最大的推动者:</i></b></blockquote></p><p>Alphabet(GOOGL) – Alphabet reported record profit for the second consecutive quarter, earnings of $26.29 per share compared to a consensus estimate of $15.82 a share. Revenue beat forecasts, and the Google parent also announced a $50 billion share buyback. Shares jumped 5.1% premarket.</p><p><blockquote>Alphabet(GOOGL)——Alphabet连续第二个季度公布创纪录的利润,每股收益为26.29美元,而市场普遍预期为每股15.82美元。营收超出预期,谷歌母公司还宣布回购500亿美元股票。盘前股价上涨5.1%。</blockquote></p><p>Spotify(SPOT) – The music streaming service logged a smaller-than-expected loss for its latest quarter, as well as beating revenue estimates and reporting a 24% increase in monthly active users. Its projected range for the current quarter's operating loss falls largely below analyst forecasts, however, and the shares skidded 7.8% in the premarket.</p><p><blockquote>Spotify(SPOT)——这家音乐流媒体服务最近一个季度的亏损小于预期,收入超出预期,月活跃用户增长了24%。然而,其本季度运营亏损的预计范围大大低于分析师的预测,股价在盘前下跌7.8%。</blockquote></p><p>Pinterest(PINS) – Pinterest shares tanked 11.9% in the premarket, despite beating estimates on both the top and bottom lines for its latest quarter. Investors are focusing on a slowdown in user growth for the image-sharing company.</p><p><blockquote>Pinterest(PINS)——尽管Pinterest最近一个季度的营收和利润均超出预期,但其股价在盘前下跌11.9%。投资者关注这家图像共享公司用户增长放缓。</blockquote></p><p>Shopify(SHOP) – The e-commerce platform provider’s stock rallied 5.5% in the premarket after reporting better-than-expected earnings and revenue for its latest quarter. Shopify continues to benefit from the boom in online shopping.</p><p><blockquote>Shopify(SHOP)——这家电子商务平台提供商公布最新季度盈利和收入好于预期后,其股价在盘前上涨5.5%。Shopify继续受益于在线购物的繁荣。</blockquote></p><p>Boeing(BA) – Boeinglost $1.53 per share, compared to a consensus forecast for a loss of $1.15 per share. Revenue was better than expected, although the jet maker said the global pandemic continues to challenge the overall market environment. Boeing fell 1.2% in premarket trading.</p><p><blockquote>波音(BA)——波音每股亏损1.53美元,而市场普遍预测为每股亏损1.15美元。尽管这家飞机制造商表示全球大流行继续挑战整体市场环境,但收入好于预期。波音在盘前交易中下跌1.2%。</blockquote></p><p>Stanley Black & Decker(SWK) – The tool company beat estimates on the top and bottom lines for its latest quarter. The company also raised its fiscal year forecast and boosted its stock buyback plans by 20 million shares. Stanley Black & Decker saw particularly strong growth for tools and storage products.</p><p><blockquote>Stanley Black&Decker(SWK)——这家工具公司最近一个季度的营收和利润超出了预期。该公司还上调了财年预期,并将股票回购计划增加了2000万股。Stanley Black&Decker的工具和存储产品增长尤其强劲。</blockquote></p><p>Humana(HUM) – The health insurer earned $7.67 per share for its latest quarter, better than the $7.08 a share consensus estimate. Revenue beat forecasts as well, helped by strength in sales of its Medicare Advantage plans.</p><p><blockquote>Humana(HUM)——这家健康保险公司最近一个季度的每股收益为7.67美元,好于每股7.08美元的普遍预期。得益于Medicare Advantage计划销售强劲,收入也超出了预期。</blockquote></p><p>General Dynamics(GD) – The defense contractor’s shares added 2.2% in premarket action after it beat top and bottom line estimates for its latest quarter, helped by strength in its aerospace unit.</p><p><blockquote>通用动力(GD)——得益于航空航天部门的实力,这家国防承包商最近一个季度的营收和利润超出了预期,其股价在盘前上涨了2.2%。</blockquote></p><p>Garmin(GRMN) – Garmin earned $1.18 per share for the first quarter, beating the 89 cents a share consensus estimates. Revenue exceeded estimates by a wide margin amid double-digit growth for its fitness, outdoor, marine and auto segments.</p><p><blockquote>Garmin(GRMN)——Garmin第一季度每股收益1.18美元,超过每股89美分的普遍预期。健身、户外、船舶和汽车领域的收入实现两位数增长,大幅超出预期。</blockquote></p><p>Brinker International(EAT) – The parent of Chili’s and other restaurant chains missed estimates on the top and bottom lines for its latest quarter, but it gave a better-than-expected outlook. Shares rose 2.7% premarket.</p><p><blockquote>Brinker International(EAT)——Chili's和其他连锁餐厅的母公司最近一个季度的营收和利润未达到预期,但其前景好于预期。盘前股价上涨2.7%。</blockquote></p><p>Starbucks(SBUX) – Starbucks beat estimates by 9 cents a share, with quarterly earnings of 62 cents per share. Revenue came in short of forecasts, however, due to weak international sales. The coffee chain said U.S. sales have recovered to pre-pandemic levels. Starbucks shares slid 1.6% in premarket trading.</p><p><blockquote>星巴克(SBUX)——星巴克每股收益超出预期9美分,季度收益为每股62美分。然而,由于国际销售疲软,收入低于预期。这家咖啡连锁店表示,美国的销售额已经恢复到大流行前的水平。星巴克股价在盘前交易中下跌1.6%。</blockquote></p><p>Microsoft(MSFT) – Microsoft fell 2.5% in the premarket despite earning $1.95 per share for its latest quarter, beating the $1.78 a share consensus estimate. Revenue came in above forecasts as well, boosted by an expanding presence in cloud computing and business services.</p><p><blockquote>微软(MSFT)——尽管微软最近一个季度每股收益为1.95美元,超出了每股1.78美元的普遍预期,但盘前仍下跌2.5%。由于云计算和商业服务业务的扩大,收入也高于预期。</blockquote></p><p>Mondelez(MDLZ) – Mondelez came in 8 cents a share above estimates, with quarterly profit of 77 cents per share. The snack maker’s revenue also came in above Wall Street projections. Mondelez continues to benefit from consumers stocking up on snacks amid the pandemic, especially in international markets where lockdowns are still prevalent. Mondelez shares added 2.5% in premarket action.</p><p><blockquote>亿滋(MDLZ)-亿滋每股收益比预期高出8美分,季度利润为每股77美分。这家零食制造商的收入也高于华尔街的预测。亿滋继续受益于消费者在疫情期间囤积零食,特别是在封锁仍然普遍的国际市场。亿滋股价在盘前上涨2.5%。</blockquote></p><p>Visa(V) – Visa reported quarterly profit of $1.38 per share, 11 cents a share above estimates. The payment network operator also posted better-than-expected revenue, boosted by the ongoing surge in online shopping. Shares gained 1.6% in premarket action.</p><p><blockquote>Visa(V)-Visa报告季度利润为每股1.38美元,比预期高出11美分。受在线购物持续激增的推动,这家支付网络运营商的收入也好于预期。股价在盘前上涨1.6%。</blockquote></p><p></p><p>Sony(SONY) – Sony reported better-than-expected profit and revenue for its latest quarter, driven by an ongoing jump in gaming demand as well as the popularity of the PlayStation 5 gaming console. Sony gained 3.6% in premarket trading.</p><p><blockquote>索尼(SONY)——在游戏需求持续增长以及PlayStation 5游戏机受欢迎的推动下,索尼公布了好于预期的最新季度利润和收入。索尼在盘前交易中上涨3.6%。</blockquote></p><p></p>\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"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137925814","content_text":"U.S. stock futures fell across the board Wednesday, the Dow Futures fell 0.26%,Nasdaq 100 Futures fell 0.23%,S&P 500 Futuresfell 0.03%.As investors digest earnings from mega-cap tech companies ahead of the latest Federal Reserve meeting and a key speech from President Joe Biden.*Source From Tiger Trade, EST 08:10The U.S. central bank is not expected to change its ultra-easy monetary policies, with thedecisiondue at 2 PM ET (1900 GMT). A lot of the focus will be comments from Chairman Jerome Powell, who has been consistent of late in indicating that policymakers won't be withdrawing support anytime soon.Also of interest will be a speech by PresidentJoe Bidenbefore a joint session of Congress, where he is expected to call on U.S. policymakers to pass a $1.8 trillion package aimed toward children and families and the tax increases needed to pay for it.Take a look at some of the biggest movers in the premarket:Alphabet(GOOGL) – Alphabet reported record profit for the second consecutive quarter, earnings of $26.29 per share compared to a consensus estimate of $15.82 a share. Revenue beat forecasts, and the Google parent also announced a $50 billion share buyback. Shares jumped 5.1% premarket.Spotify(SPOT) – The music streaming service logged a smaller-than-expected loss for its latest quarter, as well as beating revenue estimates and reporting a 24% increase in monthly active users. Its projected range for the current quarter's operating loss falls largely below analyst forecasts, however, and the shares skidded 7.8% in the premarket.Pinterest(PINS) – Pinterest shares tanked 11.9% in the premarket, despite beating estimates on both the top and bottom lines for its latest quarter. Investors are focusing on a slowdown in user growth for the image-sharing company.Shopify(SHOP) – The e-commerce platform provider’s stock rallied 5.5% in the premarket after reporting better-than-expected earnings and revenue for its latest quarter. Shopify continues to benefit from the boom in online shopping.Boeing(BA) – Boeinglost $1.53 per share, compared to a consensus forecast for a loss of $1.15 per share. Revenue was better than expected, although the jet maker said the global pandemic continues to challenge the overall market environment. Boeing fell 1.2% in premarket trading.Stanley Black & Decker(SWK) – The tool company beat estimates on the top and bottom lines for its latest quarter. The company also raised its fiscal year forecast and boosted its stock buyback plans by 20 million shares. Stanley Black & Decker saw particularly strong growth for tools and storage products.Humana(HUM) – The health insurer earned $7.67 per share for its latest quarter, better than the $7.08 a share consensus estimate. Revenue beat forecasts as well, helped by strength in sales of its Medicare Advantage plans.General Dynamics(GD) – The defense contractor’s shares added 2.2% in premarket action after it beat top and bottom line estimates for its latest quarter, helped by strength in its aerospace unit.Garmin(GRMN) – Garmin earned $1.18 per share for the first quarter, beating the 89 cents a share consensus estimates. Revenue exceeded estimates by a wide margin amid double-digit growth for its fitness, outdoor, marine and auto segments.Brinker International(EAT) – The parent of Chili’s and other restaurant chains missed estimates on the top and bottom lines for its latest quarter, but it gave a better-than-expected outlook. Shares rose 2.7% premarket.Starbucks(SBUX) – Starbucks beat estimates by 9 cents a share, with quarterly earnings of 62 cents per share. Revenue came in short of forecasts, however, due to weak international sales. The coffee chain said U.S. sales have recovered to pre-pandemic levels. Starbucks shares slid 1.6% in premarket trading.Microsoft(MSFT) – Microsoft fell 2.5% in the premarket despite earning $1.95 per share for its latest quarter, beating the $1.78 a share consensus estimate. Revenue came in above forecasts as well, boosted by an expanding presence in cloud computing and business services.Mondelez(MDLZ) – Mondelez came in 8 cents a share above estimates, with quarterly profit of 77 cents per share. The snack maker’s revenue also came in above Wall Street projections. Mondelez continues to benefit from consumers stocking up on snacks amid the pandemic, especially in international markets where lockdowns are still prevalent. Mondelez shares added 2.5% in premarket action.Visa(V) – Visa reported quarterly profit of $1.38 per share, 11 cents a share above estimates. The payment network operator also posted better-than-expected revenue, boosted by the ongoing surge in online shopping. Shares gained 1.6% in premarket action.Sony(SONY) – Sony reported better-than-expected profit and revenue for its latest quarter, driven by an ongoing jump in gaming demand as well as the popularity of the PlayStation 5 gaming console. Sony gained 3.6% in premarket trading.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":661,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376784773,"gmtCreate":1619149388692,"gmtModify":1631888667252,"author":{"id":"3577251918188197","authorId":"3577251918188197","name":"Joycelinsng","avatar":"https://static.tigerbbs.com/fa80264c581342ecd56fa828ec7fcd0f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577251918188197","idStr":"3577251918188197"},"themes":[],"htmlText":"News that coin base might be delisting","listText":"News that coin base might be delisting","text":"News that coin base might be delisting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/376784773","repostId":"1139323495","repostType":4,"repost":{"id":"1139323495","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":1619080630,"share":"https://www.laohu8.com/m/news/1139323495?lang=zh_CN&edition=full","pubTime":"2021-04-22 16:37","market":"us","language":"en","title":"Coinbase fell 2% in pre-market<blockquote>Coinbase盘前跌2%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139323495","media":"Tiger Newspress","summary":"Coinbase fell 2% in pre-market,CAN fell 5% in pre-market.","content":"<p>Coinbase fell 2% in pre-market,CAN fell 5% in pre-market.</p><p><blockquote>Coinbase盘前跌2%,CAN盘前跌5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a245b71687488605f955ec15303a9c6e\" tg-width=\"1292\" tg-height=\"611\"><img src=\"https://static.tigerbbs.com/bf893863a65371e5d47290aed551c857\" tg-width=\"1283\" tg-height=\"632\"></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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase fell 2% in pre-market<blockquote>Coinbase盘前跌2%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-04-22 16:37</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Coinbase fell 2% in pre-market,CAN fell 5% in pre-market.</p><p><blockquote>Coinbase盘前跌2%,CAN盘前跌5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a245b71687488605f955ec15303a9c6e\" tg-width=\"1292\" tg-height=\"611\"><img src=\"https://static.tigerbbs.com/bf893863a65371e5d47290aed551c857\" tg-width=\"1283\" tg-height=\"632\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAN":"嘉楠科技","COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139323495","content_text":"Coinbase fell 2% in pre-market,CAN fell 5% in pre-market.","news_type":1,"symbols_score_info":{"CAN":0.9,"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":681,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}