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Nwhl

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2021-05-18

Let’s go higher.

2021-05-14

$Tiger Brokers(TIGR)$let’s go!

2021-04-23

$AT&T Inc(T)$let’s go.

2021-04-22

$AT&T Inc(T)$耐心等待 Patience.

2021-04-22

讚喔！

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2021-04-21

$Johnson & Johnson(JNJ)$💪🏼

2021-04-20

Come on. $Johnson & Johnson(JNJ)$

2021-04-19

$Coca-Cola(KO)$Patience does it

2021-04-19

👏🏼👏🏼

Coca-Cola Q1 EPS $0.52 Beats $0.50 Estimate, Sales $9.00B Beat $8.61B Estimate<blockquote>可口可乐第一季度EPS$0.52超出预期$0.50，销售额$9.00 B超出预期$8.61 B</blockquote>

2021-04-19

Hmmm

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2021-04-18

Comments

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

2021-04-15

Comments

抱歉，原内容已删除

2021-04-15

Comments.

抱歉，原内容已删除

2021-04-15

$Johnson & Johnson(JNJ)$Patience...

2021-04-13

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抱歉，原内容已删除

2021-04-06

Nice.

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Johnson(JNJ)$</a>","listText":"Come on. <a href=\"https://laohu8.com/S/JNJ\">$Johnson &amp; Johnson(JNJ)$</a>","text":"Come on. $Johnson & Johnson(JNJ)$","images":[{"img":"https://static.tigerbbs.com/4c2b37509e0eb91ec94620e7d6a01f1a","width":"1125","height":"3657"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/373489763","isVote":1,"tweetType":1,"viewCount":1586,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":373113361,"gmtCreate":1618830381253,"gmtModify":1631885999692,"author":{"id":"3578438646005178","authorId":"3578438646005178","name":"Nwhl","avatar":"https://static.tigerbbs.com/9f039e95e8f630cea6dea9c7018305ff","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578438646005178","authorIdStr":"3578438646005178"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/KO\">$Coca-Cola(KO)$</a>Patience does it&nbsp;","listText":"<a 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stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618829948,"share":"https://www.laohu8.com/m/news/1130761594?lang=zh_CN&edition=full","pubTime":"2021-04-19 18:59","market":"us","language":"en","title":"Coca-Cola Q1 EPS $0.52 Beats $0.50 Estimate, Sales $9.00B Beat $8.61B Estimate<blockquote>可口可乐第一季度EPS$0.52超出预期$0.50，销售额$9.00 B超出预期$8.61 B</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1130761594","media":"Tiger Newspress","summary":"Coca-Cola (NYSE:KO) reported quarterly earnings of $0.52 per share which beat the analyst consensus ","content":"<p>Coca-Cola (NYSE:KO) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.50 by 4 percent. This is a 1.96 percent increase over earnings of $0.51 per share from the same period last year. The company reported quarterly sales of $9.00 billion which beat the analyst consensus estimate of $8.61 billion by 4.53 percent. This is a 4.64 percent increase over sales of $8.60 billion the same period last year.</p><p><blockquote>可口可乐(NYSE：KO)公布的季度收益为每股0.52美元，比分析师普遍预期的0.50美元高出4%。与去年同期每股收益0.51美元相比，增长了1.96%。该公司报告季度销售额为90亿美元，比分析师普遍预期的86.1亿美元高出4.53%。这比去年同期86亿美元的销售额增长了4.64%。</blockquote></p><p>Coca-Cola&nbsp;climbed&nbsp;0.61%&nbsp;in premarket trading.</p><p><blockquote>可口可乐在盘前交易中上涨0。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4658fe2d745e09a8000eceaa4876d373\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Highlights</b></p><p><blockquote><b>亮点</b></blockquote></p><p><b>Quarterly Performance</b></p><p><blockquote><b>季度业绩</b></blockquote></p><p><ul><li><b>Revenues:</b>Net revenues grew 5% to $9.0 billion, and organic revenues (non-GAAP) grew 6%. This was driven by 5% growth in concentrate sales, while price/mix grew 1%. The quarter included five additional days, which resulted in an approximate 6-point benefit to revenue growth.</li><li><b>Margin:</b>Operating margin, which included items impacting comparability, was 30.2% versus 27.7% in the prior year, while comparable operating margin (non-GAAP) was 31.0% versus 30.7% in the prior year. Operating margin expansion was primarily driven by effective cost management, partially offset by currency headwinds.</li><li><b>Earnings per share:</b>EPS declined 19% to $0.52, and comparable EPS (non-GAAP) grew 8% to $0.55. Comparable EPS (non-GAAP) growth included the impact of a 2-point currency headwind.</li><li><b>Market share:</b>The company lost value share in total nonalcoholic ready-to-drink (NARTD) beverages as an underlying share gain in both at-home and away-from-home channels was more than offset by negative channel mix due to continued pressure in away-from-home channels, where the company has a strong share position.</li><li><b>Cash flow:</b>Cash from operations was $1.6 billion, up $1.1 billion versus the prior year, driven by positive business performance, five additional days in the quarter and working capital initiatives. Free cash flow (non-GAAP) was $1.4 billion, up $1.2 billion versus the prior year, primarily driven by cash from operations along with lower capital expenditures versus the prior year.</li></ul><b>Company Updates</b></p><p><blockquote><ul><li><b>收入：</b>净收入增长5%，达到90亿美元，有机收入（非GAAP）增长6%。这是由精矿销售额增长5%而价格/组合增长1%推动的。该季度包括额外的五天，这为收入增长带来了大约6个百分点的好处。</li><li><b>保证金：</b>营业利润率（包括影响可比性的项目）为30.2%，而上年为27.7%，而可比营业利润率（非公认会计准则）为31.0%，而上年为30.7%。营业利润率的扩张主要是由有效的成本管理推动的，部分被货币不利因素所抵消。</li><li><b>每股盈利：</b>每股收益下降19%至0.52美元，可比每股收益（非公认会计准则）增长8%至0.55美元。可比每股收益（非公认会计准则）增长包括2点货币逆风的影响。</li><li><b>市场份额：</b>该公司在非酒精即饮（NARTD）饮料总量中的价值份额下降，因为家庭和异地渠道的基本份额增长被由于异地渠道的持续压力而导致的负面渠道组合所抵消。家庭渠道，该公司在这些渠道中拥有强大的份额地位。</li><li><b>现金流量：</b>由于积极的业务业绩、本季度额外的五天以及营运资本计划，运营现金为16亿美元，比上年增加11亿美元。自由现金流（非公认会计准则）为14亿美元，比上年增加12亿美元，主要是由运营现金以及资本支出比上年减少推动的。</li></ul><b>公司动态</b></blockquote></p><p></p><p><ul><li><b>Business environment update:</b>Global unit case volume trends remain closely linked to consumer mobility, driven by vaccination rates in different markets and related improvements in away-from-home channels. Through the first quarter, volume trends steadily improved each month, driven by recovery in markets where coronavirus-related uncertainty has abated. The path to recovery, however, remains asynchronous around the world. March volume was back to 2019 levels, with growth in at-home channels being offset by pressure in away-from-home channels. Solid growth in Trademark Coca-Cola, sparkling flavors and the nutrition, juice, dairy and plant-based beverages category was offset by pressure in the hydration category during the quarter.</li><li><b>Driving consumer-centric innovation through scaled brands:</b>The company launched new products across several categories, leveraging loved brands to drive scale and impact. In the United States, the company launched smartwater®+, a lineup of infused hydration options featuring unique ingredient pairings and flavor extracts tailored for specific wellness occasions. Three smartwater®+ variants – smartwater®+ clarity, smartwater®+ tranquility and smartwater®+ renew – deliver unique hydration experiences and will be supported by a 360-degree marketing campaign. This rollout is the latest addition to the company’s portfolio of premium beverages across key markets. After initial success in international markets, the company launched Coca-Cola® with Coffee and Coca-Cola® with Coffee Zero Sugar in the United States to give consumers a refreshing and reinvigorating reset to their daily routine. This innovation exemplifies the company’s lift-and-shift strategy to scale successful beverage innovations to new markets, with the United States becoming the 50thmarket to launch the product. Additionally, Topo Chico™ Hard Seltzer continued its expansion in Latin America and Europe and was recently launched in key markets in the United States under an agreement with Molson Coors Beverage Co.</li><li><b>Aligned bottling system investing for growth:</b>The company continues to focus on strengthening bottling partnerships and bottler alignment as the system enters the recovery phase. Seamless system connectivity is helping the company maintain local relevance while benefiting from global scale. In line with its objective of focusing its resources on building consumer-loved brands and on innovation, the company announced in a separate Form 8-K filing with the Securities and Exchange Commission today that it plans to list Coca-Cola Beverages Africa (CCBA) as a publicly traded bottler and intends to sell a portion of its holdings in CCBA via an initial public offering. This demonstrates a commitment by the company for CCBA to remain Africa-focused and South Africa-headquartered. For more information, please refer to the press release section of the company’s website.</li><li><b>Progress against long-term sustainability goals and creating business value:</b>Environmental, social and governance (ESG) goals remain core to the company’s business and are embedded in its operations. The company delivered on its decade-long drive to enable the economic empowerment of 5 million women entrepreneurs through the 5by20 initiative. The program has reached more than 6 million women entrepreneurs, providing business-skills training, financial services, peer networks, mentoring and other resources. In addition, building on its water stewardship leadership, the company recently announced a holistic strategy to achieve water security where the company operates by 2030. The strategic framework focuses on three priorities: reducing shared water challenges around the world; enhancing community water and sanitation access with a focus on women and girls; and improving the health of priority watersheds. A full update of the company’s ESG priorities will be published April 20 in the 2020 Business &amp; ESG Report, reflecting a continued journey toward driving sustainable business practices.</li></ul><img src=\"https://static.tigerbbs.com/69bdae91a25a77d7cc5821baf1be3f06\" tg-width=\"1318\" tg-height=\"545\"><img src=\"https://static.tigerbbs.com/973f21126d532de43949c5f7483c30b6\" tg-width=\"1314\" tg-height=\"382\"><img src=\"https://static.tigerbbs.com/a9d7bbf9724d8ec5240f7b5a8adc1a9a\" tg-width=\"1101\" tg-height=\"469\"></p><p><blockquote><ul><li><b>营商环境更新：</b>全球单位病例量趋势仍然与消费者流动性密切相关，这是由不同市场的疫苗接种率和离家渠道的相关改善推动的。整个第一季度，在冠状病毒相关不确定性减弱的市场复苏的推动下，销量趋势每个月都在稳步改善。然而，世界各地的复苏之路仍然不同步。3月份的销量回到了2019年的水平，家庭渠道的增长被客场渠道的压力所抵消。本季度，可口可乐商标、起泡口味以及营养、果汁、乳制品和植物饮料类别的稳健增长被水合类别的压力所抵消。</li><li><b>通过规模化品牌推动以消费者为中心的创新：</b>该公司推出了多个类别的新产品，利用喜爱的品牌来扩大规模和影响力。在美国，该公司推出了smartwater®+，一系列注入水合作用选项，具有独特的成分搭配和为特定健康场合量身定制的风味提取物。三个智能水®+变体-smartwater®+clarity，smartwater®+宁静和智能水®+更新-提供独特的水合作用体验，并将得到360度营销活动的支持。此次推出是该公司在主要市场的优质饮料产品组合的最新成员。在国际市场取得初步成功后，该公司推出了可口可乐®配咖啡和可口可乐®在美国，零糖咖啡让消费者在日常生活中焕然一新。这一创新体现了该公司将成功的饮料创新扩展到新市场的提升和转移战略，美国成为推出该产品的第50个市场。此外，Topo Chico™硬苏打水继续在拉丁美洲和欧洲扩张，最近根据与Molson Coors饮料公司的协议在美国的主要市场推出。</li><li><b>一致的装瓶系统投资促进增长：</b>随着系统进入恢复阶段，该公司继续专注于加强装瓶合作伙伴关系和装瓶商的一致性。无缝的系统连接有助于公司保持本地相关性，同时受益于全球规模。根据其将资源集中在打造消费者喜爱的品牌和创新上的目标，该公司今天在向美国证券交易委员会提交的另一份8-K表格文件中宣布，计划将可口可乐饮料非洲公司（CCBA）上市）作为一家公开交易的装瓶商，并打算通过首次公开募股出售其在CCBA的部分股份。这表明该公司致力于CCBA继续以非洲为重点，总部设在南非。有关更多信息，请参阅公司网站的新闻稿部分。</li><li><b>在长期可持续发展目标和创造商业价值方面取得的进展：</b>环境、社会和治理（ESG）目标仍然是公司业务的核心，并嵌入其运营中。该公司实现了长达十年的努力，通过5by20计划增强了500万女企业家的经济权能。该计划已惠及600多万女企业家，提供商业技能培训、金融服务、同行网络、指导和其他资源。此外，基于其水资源管理领导地位，该公司最近宣布了一项整体战略，旨在到2030年实现公司运营区域的水安全。该战略框架侧重于三个优先事项：减少世界各地共有的水资源挑战；加强社区获得水和卫生设施的机会，重点是妇女和女孩；改善优先流域的健康状况。公司ESG优先事项的完整更新将于4月20日在2020年商业与ESG报告中发布，反映了推动可持续商业实践的持续旅程。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coca-Cola Q1 EPS $0.52 Beats $0.50 Estimate, Sales $9.00B Beat $8.61B Estimate<blockquote>可口可乐第一季度EPS$0.52超出预期$0.50，销售额$9.00 B超出预期$8.61 B</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; 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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\">\nCoca-Cola Q1 EPS $0.52 Beats $0.50 Estimate, Sales $9.00B Beat $8.61B Estimate<blockquote>可口可乐第一季度EPS$0.52超出预期$0.50，销售额$9.00 B超出预期$8.61 B</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 18:59</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Coca-Cola (NYSE:KO) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.50 by 4 percent. This is a 1.96 percent increase over earnings of $0.51 per share from the same period last year. The company reported quarterly sales of $9.00 billion which beat the analyst consensus estimate of $8.61 billion by 4.53 percent. This is a 4.64 percent increase over sales of $8.60 billion the same period last year.</p><p><blockquote>可口可乐(NYSE：KO)公布的季度收益为每股0.52美元，比分析师普遍预期的0.50美元高出4%。与去年同期每股收益0.51美元相比，增长了1.96%。该公司报告季度销售额为90亿美元，比分析师普遍预期的86.1亿美元高出4.53%。这比去年同期86亿美元的销售额增长了4.64%。</blockquote></p><p>Coca-Cola&nbsp;climbed&nbsp;0.61%&nbsp;in premarket trading.</p><p><blockquote>可口可乐在盘前交易中上涨0。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4658fe2d745e09a8000eceaa4876d373\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Highlights</b></p><p><blockquote><b>亮点</b></blockquote></p><p><b>Quarterly Performance</b></p><p><blockquote><b>季度业绩</b></blockquote></p><p><ul><li><b>Revenues:</b>Net revenues grew 5% to $9.0 billion, and organic revenues (non-GAAP) grew 6%. This was driven by 5% growth in concentrate sales, while price/mix grew 1%. The quarter included five additional days, which resulted in an approximate 6-point benefit to revenue growth.</li><li><b>Margin:</b>Operating margin, which included items impacting comparability, was 30.2% versus 27.7% in the prior year, while comparable operating margin (non-GAAP) was 31.0% versus 30.7% in the prior year. Operating margin expansion was primarily driven by effective cost management, partially offset by currency headwinds.</li><li><b>Earnings per share:</b>EPS declined 19% to $0.52, and comparable EPS (non-GAAP) grew 8% to $0.55. Comparable EPS (non-GAAP) growth included the impact of a 2-point currency headwind.</li><li><b>Market share:</b>The company lost value share in total nonalcoholic ready-to-drink (NARTD) beverages as an underlying share gain in both at-home and away-from-home channels was more than offset by negative channel mix due to continued pressure in away-from-home channels, where the company has a strong share position.</li><li><b>Cash flow:</b>Cash from operations was $1.6 billion, up $1.1 billion versus the prior year, driven by positive business performance, five additional days in the quarter and working capital initiatives. Free cash flow (non-GAAP) was $1.4 billion, up $1.2 billion versus the prior year, primarily driven by cash from operations along with lower capital expenditures versus the prior year.</li></ul><b>Company Updates</b></p><p><blockquote><ul><li><b>收入：</b>净收入增长5%，达到90亿美元，有机收入（非GAAP）增长6%。这是由精矿销售额增长5%而价格/组合增长1%推动的。该季度包括额外的五天，这为收入增长带来了大约6个百分点的好处。</li><li><b>保证金：</b>营业利润率（包括影响可比性的项目）为30.2%，而上年为27.7%，而可比营业利润率（非公认会计准则）为31.0%，而上年为30.7%。营业利润率的扩张主要是由有效的成本管理推动的，部分被货币不利因素所抵消。</li><li><b>每股盈利：</b>每股收益下降19%至0.52美元，可比每股收益（非公认会计准则）增长8%至0.55美元。可比每股收益（非公认会计准则）增长包括2点货币逆风的影响。</li><li><b>市场份额：</b>该公司在非酒精即饮（NARTD）饮料总量中的价值份额下降，因为家庭和异地渠道的基本份额增长被由于异地渠道的持续压力而导致的负面渠道组合所抵消。家庭渠道，该公司在这些渠道中拥有强大的份额地位。</li><li><b>现金流量：</b>由于积极的业务业绩、本季度额外的五天以及营运资本计划，运营现金为16亿美元，比上年增加11亿美元。自由现金流（非公认会计准则）为14亿美元，比上年增加12亿美元，主要是由运营现金以及资本支出比上年减少推动的。</li></ul><b>公司动态</b></blockquote></p><p></p><p><ul><li><b>Business environment update:</b>Global unit case volume trends remain closely linked to consumer mobility, driven by vaccination rates in different markets and related improvements in away-from-home channels. Through the first quarter, volume trends steadily improved each month, driven by recovery in markets where coronavirus-related uncertainty has abated. The path to recovery, however, remains asynchronous around the world. March volume was back to 2019 levels, with growth in at-home channels being offset by pressure in away-from-home channels. Solid growth in Trademark Coca-Cola, sparkling flavors and the nutrition, juice, dairy and plant-based beverages category was offset by pressure in the hydration category during the quarter.</li><li><b>Driving consumer-centric innovation through scaled brands:</b>The company launched new products across several categories, leveraging loved brands to drive scale and impact. In the United States, the company launched smartwater®+, a lineup of infused hydration options featuring unique ingredient pairings and flavor extracts tailored for specific wellness occasions. Three smartwater®+ variants – smartwater®+ clarity, smartwater®+ tranquility and smartwater®+ renew – deliver unique hydration experiences and will be supported by a 360-degree marketing campaign. This rollout is the latest addition to the company’s portfolio of premium beverages across key markets. After initial success in international markets, the company launched Coca-Cola® with Coffee and Coca-Cola® with Coffee Zero Sugar in the United States to give consumers a refreshing and reinvigorating reset to their daily routine. This innovation exemplifies the company’s lift-and-shift strategy to scale successful beverage innovations to new markets, with the United States becoming the 50thmarket to launch the product. Additionally, Topo Chico™ Hard Seltzer continued its expansion in Latin America and Europe and was recently launched in key markets in the United States under an agreement with Molson Coors Beverage Co.</li><li><b>Aligned bottling system investing for growth:</b>The company continues to focus on strengthening bottling partnerships and bottler alignment as the system enters the recovery phase. Seamless system connectivity is helping the company maintain local relevance while benefiting from global scale. In line with its objective of focusing its resources on building consumer-loved brands and on innovation, the company announced in a separate Form 8-K filing with the Securities and Exchange Commission today that it plans to list Coca-Cola Beverages Africa (CCBA) as a publicly traded bottler and intends to sell a portion of its holdings in CCBA via an initial public offering. This demonstrates a commitment by the company for CCBA to remain Africa-focused and South Africa-headquartered. For more information, please refer to the press release section of the company’s website.</li><li><b>Progress against long-term sustainability goals and creating business value:</b>Environmental, social and governance (ESG) goals remain core to the company’s business and are embedded in its operations. The company delivered on its decade-long drive to enable the economic empowerment of 5 million women entrepreneurs through the 5by20 initiative. The program has reached more than 6 million women entrepreneurs, providing business-skills training, financial services, peer networks, mentoring and other resources. In addition, building on its water stewardship leadership, the company recently announced a holistic strategy to achieve water security where the company operates by 2030. The strategic framework focuses on three priorities: reducing shared water challenges around the world; enhancing community water and sanitation access with a focus on women and girls; and improving the health of priority watersheds. A full update of the company’s ESG priorities will be published April 20 in the 2020 Business &amp; ESG Report, reflecting a continued journey toward driving sustainable business practices.</li></ul><img src=\"https://static.tigerbbs.com/69bdae91a25a77d7cc5821baf1be3f06\" tg-width=\"1318\" tg-height=\"545\"><img src=\"https://static.tigerbbs.com/973f21126d532de43949c5f7483c30b6\" tg-width=\"1314\" tg-height=\"382\"><img src=\"https://static.tigerbbs.com/a9d7bbf9724d8ec5240f7b5a8adc1a9a\" tg-width=\"1101\" tg-height=\"469\"></p><p><blockquote><ul><li><b>营商环境更新：</b>全球单位病例量趋势仍然与消费者流动性密切相关，这是由不同市场的疫苗接种率和离家渠道的相关改善推动的。整个第一季度，在冠状病毒相关不确定性减弱的市场复苏的推动下，销量趋势每个月都在稳步改善。然而，世界各地的复苏之路仍然不同步。3月份的销量回到了2019年的水平，家庭渠道的增长被客场渠道的压力所抵消。本季度，可口可乐商标、起泡口味以及营养、果汁、乳制品和植物饮料类别的稳健增长被水合类别的压力所抵消。</li><li><b>通过规模化品牌推动以消费者为中心的创新：</b>该公司推出了多个类别的新产品，利用喜爱的品牌来扩大规模和影响力。在美国，该公司推出了smartwater®+，一系列注入水合作用选项，具有独特的成分搭配和为特定健康场合量身定制的风味提取物。三个智能水®+变体-smartwater®+clarity，smartwater®+宁静和智能水®+更新-提供独特的水合作用体验，并将得到360度营销活动的支持。此次推出是该公司在主要市场的优质饮料产品组合的最新成员。在国际市场取得初步成功后，该公司推出了可口可乐®配咖啡和可口可乐®在美国，零糖咖啡让消费者在日常生活中焕然一新。这一创新体现了该公司将成功的饮料创新扩展到新市场的提升和转移战略，美国成为推出该产品的第50个市场。此外，Topo Chico™硬苏打水继续在拉丁美洲和欧洲扩张，最近根据与Molson Coors饮料公司的协议在美国的主要市场推出。</li><li><b>一致的装瓶系统投资促进增长：</b>随着系统进入恢复阶段，该公司继续专注于加强装瓶合作伙伴关系和装瓶商的一致性。无缝的系统连接有助于公司保持本地相关性，同时受益于全球规模。根据其将资源集中在打造消费者喜爱的品牌和创新上的目标，该公司今天在向美国证券交易委员会提交的另一份8-K表格文件中宣布，计划将可口可乐饮料非洲公司（CCBA）上市）作为一家公开交易的装瓶商，并打算通过首次公开募股出售其在CCBA的部分股份。这表明该公司致力于CCBA继续以非洲为重点，总部设在南非。有关更多信息，请参阅公司网站的新闻稿部分。</li><li><b>在长期可持续发展目标和创造商业价值方面取得的进展：</b>环境、社会和治理（ESG）目标仍然是公司业务的核心，并嵌入其运营中。该公司实现了长达十年的努力，通过5by20计划增强了500万女企业家的经济权能。该计划已惠及600多万女企业家，提供商业技能培训、金融服务、同行网络、指导和其他资源。此外，基于其水资源管理领导地位，该公司最近宣布了一项整体战略，旨在到2030年实现公司运营区域的水安全。该战略框架侧重于三个优先事项：减少世界各地共有的水资源挑战；加强社区获得水和卫生设施的机会，重点是妇女和女孩；改善优先流域的健康状况。公司ESG优先事项的完整更新将于4月20日在2020年商业与ESG报告中发布，反映了推动可持续商业实践的持续旅程。</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130761594","content_text":"Coca-Cola (NYSE:KO) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.50 by 4 percent. This is a 1.96 percent increase over earnings of $0.51 per share from the same period last year. The company reported quarterly sales of $9.00 billion which beat the analyst consensus estimate of $8.61 billion by 4.53 percent. This is a 4.64 percent increase over sales of $8.60 billion the same period last year.Coca-Cola climbed 0.61% in premarket trading.HighlightsQuarterly PerformanceRevenues:Net revenues grew 5% to $9.0 billion, and organic revenues (non-GAAP) grew 6%. This was driven by 5% growth in concentrate sales, while price/mix grew 1%. The quarter included five additional days, which resulted in an approximate 6-point benefit to revenue growth.Margin:Operating margin, which included items impacting comparability, was 30.2% versus 27.7% in the prior year, while comparable operating margin (non-GAAP) was 31.0% versus 30.7% in the prior year. Operating margin expansion was primarily driven by effective cost management, partially offset by currency headwinds.Earnings per share:EPS declined 19% to $0.52, and comparable EPS (non-GAAP) grew 8% to $0.55. Comparable EPS (non-GAAP) growth included the impact of a 2-point currency headwind.Market share:The company lost value share in total nonalcoholic ready-to-drink (NARTD) beverages as an underlying share gain in both at-home and away-from-home channels was more than offset by negative channel mix due to continued pressure in away-from-home channels, where the company has a strong share position.Cash flow:Cash from operations was $1.6 billion, up $1.1 billion versus the prior year, driven by positive business performance, five additional days in the quarter and working capital initiatives. Free cash flow (non-GAAP) was $1.4 billion, up $1.2 billion versus the prior year, primarily driven by cash from operations along with lower capital expenditures versus the prior year.Company UpdatesBusiness environment update:Global unit case volume trends remain closely linked to consumer mobility, driven by vaccination rates in different markets and related improvements in away-from-home channels. Through the first quarter, volume trends steadily improved each month, driven by recovery in markets where coronavirus-related uncertainty has abated. The path to recovery, however, remains asynchronous around the world. March volume was back to 2019 levels, with growth in at-home channels being offset by pressure in away-from-home channels. Solid growth in Trademark Coca-Cola, sparkling flavors and the nutrition, juice, dairy and plant-based beverages category was offset by pressure in the hydration category during the quarter.Driving consumer-centric innovation through scaled brands:The company launched new products across several categories, leveraging loved brands to drive scale and impact. In the United States, the company launched smartwater®+, a lineup of infused hydration options featuring unique ingredient pairings and flavor extracts tailored for specific wellness occasions. Three smartwater®+ variants – smartwater®+ clarity, smartwater®+ tranquility and smartwater®+ renew – deliver unique hydration experiences and will be supported by a 360-degree marketing campaign. This rollout is the latest addition to the company’s portfolio of premium beverages across key markets. After initial success in international markets, the company launched Coca-Cola® with Coffee and Coca-Cola® with Coffee Zero Sugar in the United States to give consumers a refreshing and reinvigorating reset to their daily routine. This innovation exemplifies the company’s lift-and-shift strategy to scale successful beverage innovations to new markets, with the United States becoming the 50thmarket to launch the product. Additionally, Topo Chico™ Hard Seltzer continued its expansion in Latin America and Europe and was recently launched in key markets in the United States under an agreement with Molson Coors Beverage Co.Aligned bottling system investing for growth:The company continues to focus on strengthening bottling partnerships and bottler alignment as the system enters the recovery phase. Seamless system connectivity is helping the company maintain local relevance while benefiting from global scale. In line with its objective of focusing its resources on building consumer-loved brands and on innovation, the company announced in a separate Form 8-K filing with the Securities and Exchange Commission today that it plans to list Coca-Cola Beverages Africa (CCBA) as a publicly traded bottler and intends to sell a portion of its holdings in CCBA via an initial public offering. This demonstrates a commitment by the company for CCBA to remain Africa-focused and South Africa-headquartered. For more information, please refer to the press release section of the company’s website.Progress against long-term sustainability goals and creating business value:Environmental, social and governance (ESG) goals remain core to the company’s business and are embedded in its operations. The company delivered on its decade-long drive to enable the economic empowerment of 5 million women entrepreneurs through the 5by20 initiative. The program has reached more than 6 million women entrepreneurs, providing business-skills training, financial services, peer networks, mentoring and other resources. In addition, building on its water stewardship leadership, the company recently announced a holistic strategy to achieve water security where the company operates by 2030. The strategic framework focuses on three priorities: reducing shared water challenges around the world; enhancing community water and sanitation access with a focus on women and girls; and improving the health of priority watersheds. A full update of the company’s ESG priorities will be published April 20 in the 2020 Business & ESG Report, reflecting a continued journey toward driving sustainable business practices.","news_type":1,"symbols_score_info":{"KO":0.9}},"isVote":1,"tweetType":1,"viewCount":2461,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373135469,"gmtCreate":1618830056051,"gmtModify":1634290575879,"author":{"id":"3578438646005178","authorId":"3578438646005178","name":"Nwhl","avatar":"https://static.tigerbbs.com/9f039e95e8f630cea6dea9c7018305ff","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578438646005178","authorIdStr":"3578438646005178"},"themes":[],"htmlText":"Hmmm&nbsp;","listText":"Hmmm&nbsp;","text":"Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/373135469","repostId":"2128898947","repostType":4,"isVote":1,"tweetType":1,"viewCount":2255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":379679563,"gmtCreate":1618735251752,"gmtModify":1634291175525,"author":{"id":"3578438646005178","authorId":"3578438646005178","name":"Nwhl","avatar":"https://static.tigerbbs.com/9f039e95e8f630cea6dea9c7018305ff","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578438646005178","authorIdStr":"3578438646005178"},"themes":[],"htmlText":"Comments&nbsp;","listText":"Comments&nbsp;","text":"Comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/379679563","repostId":"1175692875","repostType":4,"repost":{"id":"1175692875","kind":"news","pubTimestamp":1618582708,"share":"https://www.laohu8.com/m/news/1175692875?lang=zh_CN&edition=full","pubTime":"2021-04-16 22:18","market":"us","language":"en","title":"$544 Billion In Options Expire Today: Here's What Will Move<blockquote>5440亿美元期权今天到期：以下是将发生的变化</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175692875","media":"zerohedge","summary":"While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire","content":"<p>While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying prices. It's why, even though we are enjoying a beautiful spring week, Goldman notes that single stock options trading activity is elevated relative to historical levels. To wit, daily options volumes are up 70% in April, up from YTD lows of $2.4bn on 30-Mar.</p><p><blockquote>虽然这不是四（甚至三）巫术日，但今天的大量每周期权将到期，其中可能一文不值，其他期权将为基础价格提供支持“引脚”。这就是为什么，尽管我们正在享受一个美丽的春季周，高盛指出，单一股票期权交易活动相对于历史水平有所上升。也就是说，4月份每日期权交易量增长了70%，高于3月30日年初至今24亿美元的低点。</blockquote></p><p><b>In total, across single stocks, $544BN of options are set to expiry today, including $305BN calls.</b>As such, today’s expiry could be important for stocks with large open interest in at-the-money(ATM) options, as market makers delta-hedging their unusually large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others.</p><p><blockquote><b>总体而言，单个股票中有5440亿美元的期权将于今天到期，其中包括3050亿美元的评级。</b>因此，今天的到期对于平值（ATM）期权持有大量未平仓合约的股票可能很重要，因为做市商对其异常大的期权投资组合进行delta对冲将会很活跃。这种流动可能会抑制某些股票的波动，同时加剧其他股票的股价波动。</blockquote></p><p>How to trade this?</p><p><blockquote>这个怎么交易？</blockquote></p><p>As Goldman's Vishal Vivek writes, at major expirations, options traders track situations where<b>a large amount of open interest is set to expire.</b>In situations where there is a significant amount of expiring open interest in at-the-money strikes (strike prices at or very near the current stockprice), delta-hedging activity can impact the underlying stock’s trading that day. If market makers or other options traders who delta-hedge their positions are net long ATM options, expiration-related flow could have the effect of dampening stock price movements, causing the stock price to settle near the strike with large open interest. This situation is often referred to as a “pin” and can be an ideal situation fora large investor trying to enter/exit a stock position. Alternatively, if delta-hedgers are net short ATM options (have a “negative gamma” position), their hedging activity could exacerbate stock price moves.</p><p><blockquote>正如高盛的维沙尔·维韦克（Vishal Vivek）所写，在重大到期时，期权交易者会跟踪以下情况：<b>大量未平仓合约即将到期。</b>在平价执行（执行价格等于或非常接近当前股价）中存在大量到期未平仓合约的情况下，delta对冲活动可能会影响标的股票当天的交易。如果做市商或其他对其头寸进行delta对冲的期权交易者是净多头ATM期权，则与到期相关的流量可能会产生抑制股价走势的效果，导致股价以大量未平仓合约在行权附近结算。这种情况通常被称为“pin”，对于试图进入/退出股票头寸的大型投资者来说是理想的情况。或者，如果delta对冲者是ATM期权的净空头（具有“负伽马”头寸），他们的对冲活动可能会加剧股价波动。</blockquote></p><p>What that means it expiration-related trades may cause trading activity to aggressively pick up for stocks with a significant amount of ATM open interest.</p><p><blockquote>这意味着与到期相关的交易可能会导致具有大量ATM未平仓合约的股票的交易活动大幅回升。</blockquote></p><p>So to help traders looking to hop on for daytrading opportunities, here is a table identifying possible focus stocks with large ATM open interest expiring today, which is compared to the average daily volume of the underlying stocks. As Goldman puts it, \"<i>expiration-related activity is likely to have more of an impact if the open interest represents a significant percentage of the stock’s volume.\"</i></p><p><blockquote>因此，为了帮助寻求日内交易机会的交易者，这里有一个表格，列出了今天到期的ATM未平仓合约较大的可能焦点股票，并与标的股票的日均交易量进行了比较。正如高盛所说，“<i>如果未平仓合约占股票交易量的很大一部分，那么与到期相关的活动可能会产生更大的影响。”</i></blockquote></p><p><img src=\"https://static.tigerbbs.com/0dac61cb87c2f2700d8a0e8e64324f81\" tg-width=\"500\" tg-height=\"638\" referrerpolicy=\"no-referrer\">Finally, for what it's worth, this morning our friends at SpotGamma write that this has been a rather strange OPEX cycle, \"with a consistent almost mechanical bid pushing markets higher. We’ve not seen the Call Wall “breached” this many times before, but there are other aberrations that we’ve mentioned in previous notes – like net put sales. We’ve got some theories on this we are posting in a longer form piece.\"</p><p><blockquote>最后，值得一提的是，今天早上我们在SpotGamma的朋友写道，这是一个相当奇怪的运营支出周期，“持续的几乎机械的出价推动市场走高。我们以前从未见过看涨期权墙“突破”过很多次，但我们在之前的笔记中提到过其他异常现象，例如净看跌期权销售。我们对此有一些理论，我们将在一篇更长的文章中发布。”</blockquote></p><p>According to SG, because implied volatility has now compressed (ie VIX at new lows) there is now more potential for “long term” volatility. Recall how as of late any sharp, violent drop in markets was bought so quickly (see chart below).<b>These bursts lower coincided with record VIX spikes, but a reflective snap-back bid would bring a market recovery of equal force as the VIX&nbsp; (i.e. implied volatility) reversed.</b></p><p><blockquote>根据SG的说法，由于隐含波动率现在已经压缩（即VIX处于新低），现在“长期”波动的潜力更大。回想一下最近市场的任何剧烈下跌都是如何被如此迅速地买入的（见下图）。<b>这些大幅走低与创纪录的VIX飙升同时发生，但随着VIX（即隐含波动率）的逆转，反射性的snap回调将带来同等力度的市场复苏。</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/ae7a60d873792b825bdda669cafa0ed3\" tg-width=\"500\" tg-height=\"297\" referrerpolicy=\"no-referrer\">And one other curious observation from SpotGamma:</p><p><blockquote>SpotGamma的另一个奇怪观察：</blockquote></p><p>When implied volatility is very high, its very sensitive to market moves and also signaling that markets are expecting more large moves ahead. As soon as markets would pause or catch a support level, that implied volatility would quickly reverse lower. <b>We often think of this analogy that if a shark stops swimming, it sinks ( partially true!). If the market stops dropping then Implied volatility sinks.</b>With this, as we often talk about, lower implied volatility (ie lower VIX) signals market makers have to buy back short hedges which fuels rallies. SG's conclusion: this current level of lower implied volatility now gives the market more downside firepower.&nbsp; Starting with a lower implied volatility “slows down” that responsive “snap-back” buying mechanism.&nbsp; Additionally, gamma is higher when IV is lower so gamma flips may have more juice.</p><p><blockquote>当隐含波动率非常高时，它对市场走势非常敏感，也表明市场预计未来会有更大的波动。一旦市场暂停或抓住支撑位，隐含波动率就会迅速反转走低。<b>我们经常想到这样一个类比，如果鲨鱼停止游泳，它就会下沉（部分正确！）.如果市场停止下跌，那么隐含波动率就会下降。</b>正如我们经常谈论的那样，较低的隐含波动率（即较低的VIX）表明做市商必须回购空头对冲，从而推动反弹。SG的结论是：目前较低的隐含波动率水平给了市场更多的下行火力。从较低的隐含波动率开始会“减缓”反应性的“snap回”购买机制。此外，当IV较低时，伽马较高，因此伽马翻转可能有更多的果汁。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>$544 Billion In Options Expire Today: Here's What Will Move<blockquote>5440亿美元期权今天到期：以下是将发生的变化</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n$544 Billion In Options Expire Today: Here's What Will Move<blockquote>5440亿美元期权今天到期：以下是将发生的变化</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-04-16 22:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p>While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying prices. It's why, even though we are enjoying a beautiful spring week, Goldman notes that single stock options trading activity is elevated relative to historical levels. To wit, daily options volumes are up 70% in April, up from YTD lows of $2.4bn on 30-Mar.</p><p><blockquote>虽然这不是四（甚至三）巫术日，但今天的大量每周期权将到期，其中可能一文不值，其他期权将为基础价格提供支持“引脚”。这就是为什么，尽管我们正在享受一个美丽的春季周，高盛指出，单一股票期权交易活动相对于历史水平有所上升。也就是说，4月份每日期权交易量增长了70%，高于3月30日年初至今24亿美元的低点。</blockquote></p><p><b>In total, across single stocks, $544BN of options are set to expiry today, including $305BN calls.</b>As such, today’s expiry could be important for stocks with large open interest in at-the-money(ATM) options, as market makers delta-hedging their unusually large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others.</p><p><blockquote><b>总体而言，单个股票中有5440亿美元的期权将于今天到期，其中包括3050亿美元的评级。</b>因此，今天的到期对于平值（ATM）期权持有大量未平仓合约的股票可能很重要，因为做市商对其异常大的期权投资组合进行delta对冲将会很活跃。这种流动可能会抑制某些股票的波动，同时加剧其他股票的股价波动。</blockquote></p><p>How to trade this?</p><p><blockquote>这个怎么交易？</blockquote></p><p>As Goldman's Vishal Vivek writes, at major expirations, options traders track situations where<b>a large amount of open interest is set to expire.</b>In situations where there is a significant amount of expiring open interest in at-the-money strikes (strike prices at or very near the current stockprice), delta-hedging activity can impact the underlying stock’s trading that day. If market makers or other options traders who delta-hedge their positions are net long ATM options, expiration-related flow could have the effect of dampening stock price movements, causing the stock price to settle near the strike with large open interest. This situation is often referred to as a “pin” and can be an ideal situation fora large investor trying to enter/exit a stock position. Alternatively, if delta-hedgers are net short ATM options (have a “negative gamma” position), their hedging activity could exacerbate stock price moves.</p><p><blockquote>正如高盛的维沙尔·维韦克（Vishal Vivek）所写，在重大到期时，期权交易者会跟踪以下情况：<b>大量未平仓合约即将到期。</b>在平价执行（执行价格等于或非常接近当前股价）中存在大量到期未平仓合约的情况下，delta对冲活动可能会影响标的股票当天的交易。如果做市商或其他对其头寸进行delta对冲的期权交易者是净多头ATM期权，则与到期相关的流量可能会产生抑制股价走势的效果，导致股价以大量未平仓合约在行权附近结算。这种情况通常被称为“pin”，对于试图进入/退出股票头寸的大型投资者来说是理想的情况。或者，如果delta对冲者是ATM期权的净空头（具有“负伽马”头寸），他们的对冲活动可能会加剧股价波动。</blockquote></p><p>What that means it expiration-related trades may cause trading activity to aggressively pick up for stocks with a significant amount of ATM open interest.</p><p><blockquote>这意味着与到期相关的交易可能会导致具有大量ATM未平仓合约的股票的交易活动大幅回升。</blockquote></p><p>So to help traders looking to hop on for daytrading opportunities, here is a table identifying possible focus stocks with large ATM open interest expiring today, which is compared to the average daily volume of the underlying stocks. As Goldman puts it, \"<i>expiration-related activity is likely to have more of an impact if the open interest represents a significant percentage of the stock’s volume.\"</i></p><p><blockquote>因此，为了帮助寻求日内交易机会的交易者，这里有一个表格，列出了今天到期的ATM未平仓合约较大的可能焦点股票，并与标的股票的日均交易量进行了比较。正如高盛所说，“<i>如果未平仓合约占股票交易量的很大一部分，那么与到期相关的活动可能会产生更大的影响。”</i></blockquote></p><p><img src=\"https://static.tigerbbs.com/0dac61cb87c2f2700d8a0e8e64324f81\" tg-width=\"500\" tg-height=\"638\" referrerpolicy=\"no-referrer\">Finally, for what it's worth, this morning our friends at SpotGamma write that this has been a rather strange OPEX cycle, \"with a consistent almost mechanical bid pushing markets higher. We’ve not seen the Call Wall “breached” this many times before, but there are other aberrations that we’ve mentioned in previous notes – like net put sales. We’ve got some theories on this we are posting in a longer form piece.\"</p><p><blockquote>最后，值得一提的是，今天早上我们在SpotGamma的朋友写道，这是一个相当奇怪的运营支出周期，“持续的几乎机械的出价推动市场走高。我们以前从未见过看涨期权墙“突破”过很多次，但我们在之前的笔记中提到过其他异常现象，例如净看跌期权销售。我们对此有一些理论，我们将在一篇更长的文章中发布。”</blockquote></p><p>According to SG, because implied volatility has now compressed (ie VIX at new lows) there is now more potential for “long term” volatility. Recall how as of late any sharp, violent drop in markets was bought so quickly (see chart below).<b>These bursts lower coincided with record VIX spikes, but a reflective snap-back bid would bring a market recovery of equal force as the VIX&nbsp; (i.e. implied volatility) reversed.</b></p><p><blockquote>根据SG的说法，由于隐含波动率现在已经压缩（即VIX处于新低），现在“长期”波动的潜力更大。回想一下最近市场的任何剧烈下跌都是如何被如此迅速地买入的（见下图）。<b>这些大幅走低与创纪录的VIX飙升同时发生，但随着VIX（即隐含波动率）的逆转，反射性的snap回调将带来同等力度的市场复苏。</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/ae7a60d873792b825bdda669cafa0ed3\" tg-width=\"500\" tg-height=\"297\" referrerpolicy=\"no-referrer\">And one other curious observation from SpotGamma:</p><p><blockquote>SpotGamma的另一个奇怪观察：</blockquote></p><p>When implied volatility is very high, its very sensitive to market moves and also signaling that markets are expecting more large moves ahead. As soon as markets would pause or catch a support level, that implied volatility would quickly reverse lower. <b>We often think of this analogy that if a shark stops swimming, it sinks ( partially true!). If the market stops dropping then Implied volatility sinks.</b>With this, as we often talk about, lower implied volatility (ie lower VIX) signals market makers have to buy back short hedges which fuels rallies. SG's conclusion: this current level of lower implied volatility now gives the market more downside firepower.&nbsp; Starting with a lower implied volatility “slows down” that responsive “snap-back” buying mechanism.&nbsp; Additionally, gamma is higher when IV is lower so gamma flips may have more juice.</p><p><blockquote>当隐含波动率非常高时，它对市场走势非常敏感，也表明市场预计未来会有更大的波动。一旦市场暂停或抓住支撑位，隐含波动率就会迅速反转走低。<b>我们经常想到这样一个类比，如果鲨鱼停止游泳，它就会下沉（部分正确！）.如果市场停止下跌，那么隐含波动率就会下降。</b>正如我们经常谈论的那样，较低的隐含波动率（即较低的VIX）表明做市商必须回购空头对冲，从而推动反弹。SG的结论是：目前较低的隐含波动率水平给了市场更多的下行火力。从较低的隐含波动率开始会“减缓”反应性的“snap回”购买机制。此外，当IV较低时，伽马较高，因此伽马翻转可能有更多的果汁。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/544-billion-options-expire-today-heres-what-will-move?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/markets/544-billion-options-expire-today-heres-what-will-move?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175692875","content_text":"While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying prices. It's why, even though we are enjoying a beautiful spring week, Goldman notes that single stock options trading activity is elevated relative to historical levels. To wit, daily options volumes are up 70% in April, up from YTD lows of $2.4bn on 30-Mar.In total, across single stocks, $544BN of options are set to expiry today, including $305BN calls.As such, today’s expiry could be important for stocks with large open interest in at-the-money(ATM) options, as market makers delta-hedging their unusually large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others.How to trade this?As Goldman's Vishal Vivek writes, at major expirations, options traders track situations wherea large amount of open interest is set to expire.In situations where there is a significant amount of expiring open interest in at-the-money strikes (strike prices at or very near the current stockprice), delta-hedging activity can impact the underlying stock’s trading that day. If market makers or other options traders who delta-hedge their positions are net long ATM options, expiration-related flow could have the effect of dampening stock price movements, causing the stock price to settle near the strike with large open interest. This situation is often referred to as a “pin” and can be an ideal situation fora large investor trying to enter/exit a stock position. Alternatively, if delta-hedgers are net short ATM options (have a “negative gamma” position), their hedging activity could exacerbate stock price moves.What that means it expiration-related trades may cause trading activity to aggressively pick up for stocks with a significant amount of ATM open interest.So to help traders looking to hop on for daytrading opportunities, here is a table identifying possible focus stocks with large ATM open interest expiring today, which is compared to the average daily volume of the underlying stocks. As Goldman puts it, \"expiration-related activity is likely to have more of an impact if the open interest represents a significant percentage of the stock’s volume.\"Finally, for what it's worth, this morning our friends at SpotGamma write that this has been a rather strange OPEX cycle, \"with a consistent almost mechanical bid pushing markets higher. We’ve not seen the Call Wall “breached” this many times before, but there are other aberrations that we’ve mentioned in previous notes – like net put sales. We’ve got some theories on this we are posting in a longer form piece.\"According to SG, because implied volatility has now compressed (ie VIX at new lows) there is now more potential for “long term” volatility. Recall how as of late any sharp, violent drop in markets was bought so quickly (see chart below).These bursts lower coincided with record VIX spikes, but a reflective snap-back bid would bring a market recovery of equal force as the VIX  (i.e. implied volatility) reversed.And one other curious observation from SpotGamma:When implied volatility is very high, its very sensitive to market moves and also signaling that markets are expecting more large moves ahead. As soon as markets would pause or catch a support level, that implied volatility would quickly reverse lower. We often think of this analogy that if a shark stops swimming, it sinks ( partially true!). If the market stops dropping then Implied volatility sinks.With this, as we often talk about, lower implied volatility (ie lower VIX) signals market makers have to buy back short hedges which fuels rallies. SG's conclusion: this current level of lower implied volatility now gives the market more downside firepower.  Starting with a lower implied volatility “slows down” that responsive “snap-back” buying mechanism.  Additionally, gamma is higher when IV is lower so gamma flips may have more juice.","news_type":1,"symbols_score_info":{".SPX":0.9,"SPY":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":454,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347669583,"gmtCreate":1618493733142,"gmtModify":1634292570998,"author":{"id":"3578438646005178","authorId":"3578438646005178","name":"Nwhl","avatar":"https://static.tigerbbs.com/9f039e95e8f630cea6dea9c7018305ff","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578438646005178","authorIdStr":"3578438646005178"},"themes":[],"htmlText":"Comments&nbsp;","listText":"Comments&nbsp;","text":"Comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/347669583","repostId":"1153653878","repostType":4,"isVote":1,"tweetType":1,"viewCount":541,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347687003,"gmtCreate":1618493679902,"gmtModify":1634292572396,"author":{"id":"3578438646005178","authorId":"3578438646005178","name":"Nwhl","avatar":"https://static.tigerbbs.com/9f039e95e8f630cea6dea9c7018305ff","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578438646005178","authorIdStr":"3578438646005178"},"themes":[],"htmlText":"Comments.&nbsp;","listText":"Comments.&nbsp;","text":"Comments.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/347687003","repostId":"1125635474","repostType":4,"isVote":1,"tweetType":1,"viewCount":186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347685292,"gmtCreate":1618493645016,"gmtModify":1631886968076,"author":{"id":"3578438646005178","authorId":"3578438646005178","name":"Nwhl","avatar":"https://static.tigerbbs.com/9f039e95e8f630cea6dea9c7018305ff","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578438646005178","authorIdStr":"3578438646005178"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/JNJ\">$Johnson &amp; Johnson(JNJ)$</a>Patience...&nbsp;","listText":"<a href=\"https://laohu8.com/S/JNJ\">$Johnson &amp; Johnson(JNJ)$</a>Patience...&nbsp;","text":"$Johnson & Johnson(JNJ)$Patience...","images":[{"img":"https://static.tigerbbs.com/fca3c1094baeb78af542689e015adc08","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/347685292","isVote":1,"tweetType":1,"viewCount":291,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":345106350,"gmtCreate":1618283944570,"gmtModify":1634293949523,"author":{"id":"3578438646005178","authorId":"3578438646005178","name":"Nwhl","avatar":"https://static.tigerbbs.com/9f039e95e8f630cea6dea9c7018305ff","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578438646005178","authorIdStr":"3578438646005178"},"themes":[],"htmlText":"Comments&nbsp;","listText":"Comments&nbsp;","text":"Comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/345106350","repostId":"1146450605","repostType":4,"isVote":1,"tweetType":1,"viewCount":300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343877171,"gmtCreate":1617708797593,"gmtModify":1634297009156,"author":{"id":"3578438646005178","authorId":"3578438646005178","name":"Nwhl","avatar":"https://static.tigerbbs.com/9f039e95e8f630cea6dea9c7018305ff","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578438646005178","authorIdStr":"3578438646005178"},"themes":[],"htmlText":"Nice.&nbsp;","listText":"Nice.&nbsp;","text":"Nice.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/343877171","repostId":"1186551401","repostType":4,"isVote":1,"tweetType":1,"viewCount":364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":345106350,"gmtCreate":1618283944570,"gmtModify":1634293949523,"author":{"id":"3578438646005178","authorId":"3578438646005178","name":"Nwhl","avatar":"https://static.tigerbbs.com/9f039e95e8f630cea6dea9c7018305ff","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578438646005178","authorIdStr":"3578438646005178"},"themes":[],"htmlText":"Comments&nbsp;","listText":"Comments&nbsp;","text":"Comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/345106350","repostId":"1146450605","repostType":4,"isVote":1,"tweetType":1,"viewCount":300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196912395,"gmtCreate":1621004453317,"gmtModify":1634194609070,"author":{"id":"3578438646005178","authorId":"3578438646005178","name":"Nwhl","avatar":"https://static.tigerbbs.com/9f039e95e8f630cea6dea9c7018305ff","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578438646005178","authorIdStr":"3578438646005178"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>let’s go!&nbsp;","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>let’s go!&nbsp;","text":"$Tiger Brokers(TIGR)$let’s go!","images":[{"img":"https://static.tigerbbs.com/403a121eb6606b535d7fffb8ba42798c","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/196912395","isVote":1,"tweetType":1,"viewCount":1639,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":347669583,"gmtCreate":1618493733142,"gmtModify":1634292570998,"author":{"id":"3578438646005178","authorId":"3578438646005178","name":"Nwhl","avatar":"https://static.tigerbbs.com/9f039e95e8f630cea6dea9c7018305ff","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578438646005178","authorIdStr":"3578438646005178"},"themes":[],"htmlText":"Comments&nbsp;","listText":"Comments&nbsp;","text":"Comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/347669583","repostId":"1153653878","repostType":4,"isVote":1,"tweetType":1,"viewCount":541,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":379679563,"gmtCreate":1618735251752,"gmtModify":1634291175525,"author":{"id":"3578438646005178","authorId":"3578438646005178","name":"Nwhl","avatar":"https://static.tigerbbs.com/9f039e95e8f630cea6dea9c7018305ff","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578438646005178","authorIdStr":"3578438646005178"},"themes":[],"htmlText":"Comments&nbsp;","listText":"Comments&nbsp;","text":"Comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/379679563","repostId":"1175692875","repostType":4,"repost":{"id":"1175692875","kind":"news","pubTimestamp":1618582708,"share":"https://www.laohu8.com/m/news/1175692875?lang=zh_CN&edition=full","pubTime":"2021-04-16 22:18","market":"us","language":"en","title":"$544 Billion In Options Expire Today: Here's What Will Move<blockquote>5440亿美元期权今天到期：以下是将发生的变化</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175692875","media":"zerohedge","summary":"While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire","content":"<p>While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying prices. It's why, even though we are enjoying a beautiful spring week, Goldman notes that single stock options trading activity is elevated relative to historical levels. To wit, daily options volumes are up 70% in April, up from YTD lows of $2.4bn on 30-Mar.</p><p><blockquote>虽然这不是四（甚至三）巫术日，但今天的大量每周期权将到期，其中可能一文不值，其他期权将为基础价格提供支持“引脚”。这就是为什么，尽管我们正在享受一个美丽的春季周，高盛指出，单一股票期权交易活动相对于历史水平有所上升。也就是说，4月份每日期权交易量增长了70%，高于3月30日年初至今24亿美元的低点。</blockquote></p><p><b>In total, across single stocks, $544BN of options are set to expiry today, including $305BN calls.</b>As such, today’s expiry could be important for stocks with large open interest in at-the-money(ATM) options, as market makers delta-hedging their unusually large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others.</p><p><blockquote><b>总体而言，单个股票中有5440亿美元的期权将于今天到期，其中包括3050亿美元的评级。</b>因此，今天的到期对于平值（ATM）期权持有大量未平仓合约的股票可能很重要，因为做市商对其异常大的期权投资组合进行delta对冲将会很活跃。这种流动可能会抑制某些股票的波动，同时加剧其他股票的股价波动。</blockquote></p><p>How to trade this?</p><p><blockquote>这个怎么交易？</blockquote></p><p>As Goldman's Vishal Vivek writes, at major expirations, options traders track situations where<b>a large amount of open interest is set to expire.</b>In situations where there is a significant amount of expiring open interest in at-the-money strikes (strike prices at or very near the current stockprice), delta-hedging activity can impact the underlying stock’s trading that day. If market makers or other options traders who delta-hedge their positions are net long ATM options, expiration-related flow could have the effect of dampening stock price movements, causing the stock price to settle near the strike with large open interest. This situation is often referred to as a “pin” and can be an ideal situation fora large investor trying to enter/exit a stock position. Alternatively, if delta-hedgers are net short ATM options (have a “negative gamma” position), their hedging activity could exacerbate stock price moves.</p><p><blockquote>正如高盛的维沙尔·维韦克（Vishal Vivek）所写，在重大到期时，期权交易者会跟踪以下情况：<b>大量未平仓合约即将到期。</b>在平价执行（执行价格等于或非常接近当前股价）中存在大量到期未平仓合约的情况下，delta对冲活动可能会影响标的股票当天的交易。如果做市商或其他对其头寸进行delta对冲的期权交易者是净多头ATM期权，则与到期相关的流量可能会产生抑制股价走势的效果，导致股价以大量未平仓合约在行权附近结算。这种情况通常被称为“pin”，对于试图进入/退出股票头寸的大型投资者来说是理想的情况。或者，如果delta对冲者是ATM期权的净空头（具有“负伽马”头寸），他们的对冲活动可能会加剧股价波动。</blockquote></p><p>What that means it expiration-related trades may cause trading activity to aggressively pick up for stocks with a significant amount of ATM open interest.</p><p><blockquote>这意味着与到期相关的交易可能会导致具有大量ATM未平仓合约的股票的交易活动大幅回升。</blockquote></p><p>So to help traders looking to hop on for daytrading opportunities, here is a table identifying possible focus stocks with large ATM open interest expiring today, which is compared to the average daily volume of the underlying stocks. As Goldman puts it, \"<i>expiration-related activity is likely to have more of an impact if the open interest represents a significant percentage of the stock’s volume.\"</i></p><p><blockquote>因此，为了帮助寻求日内交易机会的交易者，这里有一个表格，列出了今天到期的ATM未平仓合约较大的可能焦点股票，并与标的股票的日均交易量进行了比较。正如高盛所说，“<i>如果未平仓合约占股票交易量的很大一部分，那么与到期相关的活动可能会产生更大的影响。”</i></blockquote></p><p><img src=\"https://static.tigerbbs.com/0dac61cb87c2f2700d8a0e8e64324f81\" tg-width=\"500\" tg-height=\"638\" referrerpolicy=\"no-referrer\">Finally, for what it's worth, this morning our friends at SpotGamma write that this has been a rather strange OPEX cycle, \"with a consistent almost mechanical bid pushing markets higher. We’ve not seen the Call Wall “breached” this many times before, but there are other aberrations that we’ve mentioned in previous notes – like net put sales. We’ve got some theories on this we are posting in a longer form piece.\"</p><p><blockquote>最后，值得一提的是，今天早上我们在SpotGamma的朋友写道，这是一个相当奇怪的运营支出周期，“持续的几乎机械的出价推动市场走高。我们以前从未见过看涨期权墙“突破”过很多次，但我们在之前的笔记中提到过其他异常现象，例如净看跌期权销售。我们对此有一些理论，我们将在一篇更长的文章中发布。”</blockquote></p><p>According to SG, because implied volatility has now compressed (ie VIX at new lows) there is now more potential for “long term” volatility. Recall how as of late any sharp, violent drop in markets was bought so quickly (see chart below).<b>These bursts lower coincided with record VIX spikes, but a reflective snap-back bid would bring a market recovery of equal force as the VIX&nbsp; (i.e. implied volatility) reversed.</b></p><p><blockquote>根据SG的说法，由于隐含波动率现在已经压缩（即VIX处于新低），现在“长期”波动的潜力更大。回想一下最近市场的任何剧烈下跌都是如何被如此迅速地买入的（见下图）。<b>这些大幅走低与创纪录的VIX飙升同时发生，但随着VIX（即隐含波动率）的逆转，反射性的snap回调将带来同等力度的市场复苏。</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/ae7a60d873792b825bdda669cafa0ed3\" tg-width=\"500\" tg-height=\"297\" referrerpolicy=\"no-referrer\">And one other curious observation from SpotGamma:</p><p><blockquote>SpotGamma的另一个奇怪观察：</blockquote></p><p>When implied volatility is very high, its very sensitive to market moves and also signaling that markets are expecting more large moves ahead. As soon as markets would pause or catch a support level, that implied volatility would quickly reverse lower. <b>We often think of this analogy that if a shark stops swimming, it sinks ( partially true!). If the market stops dropping then Implied volatility sinks.</b>With this, as we often talk about, lower implied volatility (ie lower VIX) signals market makers have to buy back short hedges which fuels rallies. SG's conclusion: this current level of lower implied volatility now gives the market more downside firepower.&nbsp; Starting with a lower implied volatility “slows down” that responsive “snap-back” buying mechanism.&nbsp; Additionally, gamma is higher when IV is lower so gamma flips may have more juice.</p><p><blockquote>当隐含波动率非常高时，它对市场走势非常敏感，也表明市场预计未来会有更大的波动。一旦市场暂停或抓住支撑位，隐含波动率就会迅速反转走低。<b>我们经常想到这样一个类比，如果鲨鱼停止游泳，它就会下沉（部分正确！）.如果市场停止下跌，那么隐含波动率就会下降。</b>正如我们经常谈论的那样，较低的隐含波动率（即较低的VIX）表明做市商必须回购空头对冲，从而推动反弹。SG的结论是：目前较低的隐含波动率水平给了市场更多的下行火力。从较低的隐含波动率开始会“减缓”反应性的“snap回”购买机制。此外，当IV较低时，伽马较高，因此伽马翻转可能有更多的果汁。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>$544 Billion In Options Expire Today: Here's What Will Move<blockquote>5440亿美元期权今天到期：以下是将发生的变化</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n$544 Billion In Options Expire Today: Here's What Will Move<blockquote>5440亿美元期权今天到期：以下是将发生的变化</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-04-16 22:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p>While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying prices. It's why, even though we are enjoying a beautiful spring week, Goldman notes that single stock options trading activity is elevated relative to historical levels. To wit, daily options volumes are up 70% in April, up from YTD lows of $2.4bn on 30-Mar.</p><p><blockquote>虽然这不是四（甚至三）巫术日，但今天的大量每周期权将到期，其中可能一文不值，其他期权将为基础价格提供支持“引脚”。这就是为什么，尽管我们正在享受一个美丽的春季周，高盛指出，单一股票期权交易活动相对于历史水平有所上升。也就是说，4月份每日期权交易量增长了70%，高于3月30日年初至今24亿美元的低点。</blockquote></p><p><b>In total, across single stocks, $544BN of options are set to expiry today, including $305BN calls.</b>As such, today’s expiry could be important for stocks with large open interest in at-the-money(ATM) options, as market makers delta-hedging their unusually large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others.</p><p><blockquote><b>总体而言，单个股票中有5440亿美元的期权将于今天到期，其中包括3050亿美元的评级。</b>因此，今天的到期对于平值（ATM）期权持有大量未平仓合约的股票可能很重要，因为做市商对其异常大的期权投资组合进行delta对冲将会很活跃。这种流动可能会抑制某些股票的波动，同时加剧其他股票的股价波动。</blockquote></p><p>How to trade this?</p><p><blockquote>这个怎么交易？</blockquote></p><p>As Goldman's Vishal Vivek writes, at major expirations, options traders track situations where<b>a large amount of open interest is set to expire.</b>In situations where there is a significant amount of expiring open interest in at-the-money strikes (strike prices at or very near the current stockprice), delta-hedging activity can impact the underlying stock’s trading that day. If market makers or other options traders who delta-hedge their positions are net long ATM options, expiration-related flow could have the effect of dampening stock price movements, causing the stock price to settle near the strike with large open interest. This situation is often referred to as a “pin” and can be an ideal situation fora large investor trying to enter/exit a stock position. Alternatively, if delta-hedgers are net short ATM options (have a “negative gamma” position), their hedging activity could exacerbate stock price moves.</p><p><blockquote>正如高盛的维沙尔·维韦克（Vishal Vivek）所写，在重大到期时，期权交易者会跟踪以下情况：<b>大量未平仓合约即将到期。</b>在平价执行（执行价格等于或非常接近当前股价）中存在大量到期未平仓合约的情况下，delta对冲活动可能会影响标的股票当天的交易。如果做市商或其他对其头寸进行delta对冲的期权交易者是净多头ATM期权，则与到期相关的流量可能会产生抑制股价走势的效果，导致股价以大量未平仓合约在行权附近结算。这种情况通常被称为“pin”，对于试图进入/退出股票头寸的大型投资者来说是理想的情况。或者，如果delta对冲者是ATM期权的净空头（具有“负伽马”头寸），他们的对冲活动可能会加剧股价波动。</blockquote></p><p>What that means it expiration-related trades may cause trading activity to aggressively pick up for stocks with a significant amount of ATM open interest.</p><p><blockquote>这意味着与到期相关的交易可能会导致具有大量ATM未平仓合约的股票的交易活动大幅回升。</blockquote></p><p>So to help traders looking to hop on for daytrading opportunities, here is a table identifying possible focus stocks with large ATM open interest expiring today, which is compared to the average daily volume of the underlying stocks. As Goldman puts it, \"<i>expiration-related activity is likely to have more of an impact if the open interest represents a significant percentage of the stock’s volume.\"</i></p><p><blockquote>因此，为了帮助寻求日内交易机会的交易者，这里有一个表格，列出了今天到期的ATM未平仓合约较大的可能焦点股票，并与标的股票的日均交易量进行了比较。正如高盛所说，“<i>如果未平仓合约占股票交易量的很大一部分，那么与到期相关的活动可能会产生更大的影响。”</i></blockquote></p><p><img src=\"https://static.tigerbbs.com/0dac61cb87c2f2700d8a0e8e64324f81\" tg-width=\"500\" tg-height=\"638\" referrerpolicy=\"no-referrer\">Finally, for what it's worth, this morning our friends at SpotGamma write that this has been a rather strange OPEX cycle, \"with a consistent almost mechanical bid pushing markets higher. We’ve not seen the Call Wall “breached” this many times before, but there are other aberrations that we’ve mentioned in previous notes – like net put sales. We’ve got some theories on this we are posting in a longer form piece.\"</p><p><blockquote>最后，值得一提的是，今天早上我们在SpotGamma的朋友写道，这是一个相当奇怪的运营支出周期，“持续的几乎机械的出价推动市场走高。我们以前从未见过看涨期权墙“突破”过很多次，但我们在之前的笔记中提到过其他异常现象，例如净看跌期权销售。我们对此有一些理论，我们将在一篇更长的文章中发布。”</blockquote></p><p>According to SG, because implied volatility has now compressed (ie VIX at new lows) there is now more potential for “long term” volatility. Recall how as of late any sharp, violent drop in markets was bought so quickly (see chart below).<b>These bursts lower coincided with record VIX spikes, but a reflective snap-back bid would bring a market recovery of equal force as the VIX&nbsp; (i.e. implied volatility) reversed.</b></p><p><blockquote>根据SG的说法，由于隐含波动率现在已经压缩（即VIX处于新低），现在“长期”波动的潜力更大。回想一下最近市场的任何剧烈下跌都是如何被如此迅速地买入的（见下图）。<b>这些大幅走低与创纪录的VIX飙升同时发生，但随着VIX（即隐含波动率）的逆转，反射性的snap回调将带来同等力度的市场复苏。</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/ae7a60d873792b825bdda669cafa0ed3\" tg-width=\"500\" tg-height=\"297\" referrerpolicy=\"no-referrer\">And one other curious observation from SpotGamma:</p><p><blockquote>SpotGamma的另一个奇怪观察：</blockquote></p><p>When implied volatility is very high, its very sensitive to market moves and also signaling that markets are expecting more large moves ahead. As soon as markets would pause or catch a support level, that implied volatility would quickly reverse lower. <b>We often think of this analogy that if a shark stops swimming, it sinks ( partially true!). If the market stops dropping then Implied volatility sinks.</b>With this, as we often talk about, lower implied volatility (ie lower VIX) signals market makers have to buy back short hedges which fuels rallies. SG's conclusion: this current level of lower implied volatility now gives the market more downside firepower.&nbsp; Starting with a lower implied volatility “slows down” that responsive “snap-back” buying mechanism.&nbsp; Additionally, gamma is higher when IV is lower so gamma flips may have more juice.</p><p><blockquote>当隐含波动率非常高时，它对市场走势非常敏感，也表明市场预计未来会有更大的波动。一旦市场暂停或抓住支撑位，隐含波动率就会迅速反转走低。<b>我们经常想到这样一个类比，如果鲨鱼停止游泳，它就会下沉（部分正确！）.如果市场停止下跌，那么隐含波动率就会下降。</b>正如我们经常谈论的那样，较低的隐含波动率（即较低的VIX）表明做市商必须回购空头对冲，从而推动反弹。SG的结论是：目前较低的隐含波动率水平给了市场更多的下行火力。从较低的隐含波动率开始会“减缓”反应性的“snap回”购买机制。此外，当IV较低时，伽马较高，因此伽马翻转可能有更多的果汁。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/544-billion-options-expire-today-heres-what-will-move?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/markets/544-billion-options-expire-today-heres-what-will-move?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175692875","content_text":"While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying prices. It's why, even though we are enjoying a beautiful spring week, Goldman notes that single stock options trading activity is elevated relative to historical levels. To wit, daily options volumes are up 70% in April, up from YTD lows of $2.4bn on 30-Mar.In total, across single stocks, $544BN of options are set to expiry today, including $305BN calls.As such, today’s expiry could be important for stocks with large open interest in at-the-money(ATM) options, as market makers delta-hedging their unusually large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others.How to trade this?As Goldman's Vishal Vivek writes, at major expirations, options traders track situations wherea large amount of open interest is set to expire.In situations where there is a significant amount of expiring open interest in at-the-money strikes (strike prices at or very near the current stockprice), delta-hedging activity can impact the underlying stock’s trading that day. If market makers or other options traders who delta-hedge their positions are net long ATM options, expiration-related flow could have the effect of dampening stock price movements, causing the stock price to settle near the strike with large open interest. This situation is often referred to as a “pin” and can be an ideal situation fora large investor trying to enter/exit a stock position. Alternatively, if delta-hedgers are net short ATM options (have a “negative gamma” position), their hedging activity could exacerbate stock price moves.What that means it expiration-related trades may cause trading activity to aggressively pick up for stocks with a significant amount of ATM open interest.So to help traders looking to hop on for daytrading opportunities, here is a table identifying possible focus stocks with large ATM open interest expiring today, which is compared to the average daily volume of the underlying stocks. As Goldman puts it, \"expiration-related activity is likely to have more of an impact if the open interest represents a significant percentage of the stock’s volume.\"Finally, for what it's worth, this morning our friends at SpotGamma write that this has been a rather strange OPEX cycle, \"with a consistent almost mechanical bid pushing markets higher. We’ve not seen the Call Wall “breached” this many times before, but there are other aberrations that we’ve mentioned in previous notes – like net put sales. We’ve got some theories on this we are posting in a longer form piece.\"According to SG, because implied volatility has now compressed (ie VIX at new lows) there is now more potential for “long term” volatility. Recall how as of late any sharp, violent drop in markets was bought so quickly (see chart below).These bursts lower coincided with record VIX spikes, but a reflective snap-back bid would bring a market recovery of equal force as the VIX  (i.e. implied volatility) reversed.And one other curious observation from SpotGamma:When implied volatility is very high, its very sensitive to market moves and also signaling that markets are expecting more large moves ahead. As soon as markets would pause or catch a support level, that implied volatility would quickly reverse lower. We often think of this analogy that if a shark stops swimming, it sinks ( partially true!). If the market stops dropping then Implied volatility sinks.With this, as we often talk about, lower implied volatility (ie lower VIX) signals market makers have to buy back short hedges which fuels rallies. SG's conclusion: this current level of lower implied volatility now gives the market more downside firepower.  Starting with a lower implied volatility “slows down” that responsive “snap-back” buying mechanism.  Additionally, gamma is higher when IV is lower so gamma flips may have more juice.","news_type":1,"symbols_score_info":{".SPX":0.9,"SPY":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":454,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347687003,"gmtCreate":1618493679902,"gmtModify":1634292572396,"author":{"id":"3578438646005178","authorId":"3578438646005178","name":"Nwhl","avatar":"https://static.tigerbbs.com/9f039e95e8f630cea6dea9c7018305ff","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578438646005178","authorIdStr":"3578438646005178"},"themes":[],"htmlText":"Comments.&nbsp;","listText":"Comments.&nbsp;","text":"Comments.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/347687003","repostId":"1125635474","repostType":4,"isVote":1,"tweetType":1,"viewCount":186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376338250,"gmtCreate":1619087935970,"gmtModify":1634288669848,"author":{"id":"3578438646005178","authorId":"3578438646005178","name":"Nwhl","avatar":"https://static.tigerbbs.com/9f039e95e8f630cea6dea9c7018305ff","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578438646005178","authorIdStr":"3578438646005178"},"themes":[],"htmlText":"讚喔！&nbsp;","listText":"讚喔！&nbsp;","text":"讚喔！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/376338250","repostId":"2129223386","repostType":4,"isVote":1,"tweetType":1,"viewCount":1727,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":373119740,"gmtCreate":1618830343380,"gmtModify":1634290572939,"author":{"id":"3578438646005178","authorId":"3578438646005178","name":"Nwhl","avatar":"https://static.tigerbbs.com/9f039e95e8f630cea6dea9c7018305ff","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578438646005178","authorIdStr":"3578438646005178"},"themes":[],"htmlText":"👏🏼👏🏼","listText":"👏🏼👏🏼","text":"👏🏼👏🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/373119740","repostId":"1130761594","repostType":4,"repost":{"id":"1130761594","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":1618829948,"share":"https://www.laohu8.com/m/news/1130761594?lang=zh_CN&edition=full","pubTime":"2021-04-19 18:59","market":"us","language":"en","title":"Coca-Cola Q1 EPS $0.52 Beats $0.50 Estimate, Sales $9.00B Beat $8.61B Estimate<blockquote>可口可乐第一季度EPS$0.52超出预期$0.50，销售额$9.00 B超出预期$8.61 B</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1130761594","media":"Tiger Newspress","summary":"Coca-Cola (NYSE:KO) reported quarterly earnings of $0.52 per share which beat the analyst consensus ","content":"<p>Coca-Cola (NYSE:KO) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.50 by 4 percent. This is a 1.96 percent increase over earnings of $0.51 per share from the same period last year. The company reported quarterly sales of $9.00 billion which beat the analyst consensus estimate of $8.61 billion by 4.53 percent. This is a 4.64 percent increase over sales of $8.60 billion the same period last year.</p><p><blockquote>可口可乐(NYSE：KO)公布的季度收益为每股0.52美元，比分析师普遍预期的0.50美元高出4%。与去年同期每股收益0.51美元相比，增长了1.96%。该公司报告季度销售额为90亿美元，比分析师普遍预期的86.1亿美元高出4.53%。这比去年同期86亿美元的销售额增长了4.64%。</blockquote></p><p>Coca-Cola&nbsp;climbed&nbsp;0.61%&nbsp;in premarket trading.</p><p><blockquote>可口可乐在盘前交易中上涨0。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4658fe2d745e09a8000eceaa4876d373\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Highlights</b></p><p><blockquote><b>亮点</b></blockquote></p><p><b>Quarterly Performance</b></p><p><blockquote><b>季度业绩</b></blockquote></p><p><ul><li><b>Revenues:</b>Net revenues grew 5% to $9.0 billion, and organic revenues (non-GAAP) grew 6%. This was driven by 5% growth in concentrate sales, while price/mix grew 1%. The quarter included five additional days, which resulted in an approximate 6-point benefit to revenue growth.</li><li><b>Margin:</b>Operating margin, which included items impacting comparability, was 30.2% versus 27.7% in the prior year, while comparable operating margin (non-GAAP) was 31.0% versus 30.7% in the prior year. Operating margin expansion was primarily driven by effective cost management, partially offset by currency headwinds.</li><li><b>Earnings per share:</b>EPS declined 19% to $0.52, and comparable EPS (non-GAAP) grew 8% to $0.55. Comparable EPS (non-GAAP) growth included the impact of a 2-point currency headwind.</li><li><b>Market share:</b>The company lost value share in total nonalcoholic ready-to-drink (NARTD) beverages as an underlying share gain in both at-home and away-from-home channels was more than offset by negative channel mix due to continued pressure in away-from-home channels, where the company has a strong share position.</li><li><b>Cash flow:</b>Cash from operations was $1.6 billion, up $1.1 billion versus the prior year, driven by positive business performance, five additional days in the quarter and working capital initiatives. Free cash flow (non-GAAP) was $1.4 billion, up $1.2 billion versus the prior year, primarily driven by cash from operations along with lower capital expenditures versus the prior year.</li></ul><b>Company Updates</b></p><p><blockquote><ul><li><b>收入：</b>净收入增长5%，达到90亿美元，有机收入（非GAAP）增长6%。这是由精矿销售额增长5%而价格/组合增长1%推动的。该季度包括额外的五天，这为收入增长带来了大约6个百分点的好处。</li><li><b>保证金：</b>营业利润率（包括影响可比性的项目）为30.2%，而上年为27.7%，而可比营业利润率（非公认会计准则）为31.0%，而上年为30.7%。营业利润率的扩张主要是由有效的成本管理推动的，部分被货币不利因素所抵消。</li><li><b>每股盈利：</b>每股收益下降19%至0.52美元，可比每股收益（非公认会计准则）增长8%至0.55美元。可比每股收益（非公认会计准则）增长包括2点货币逆风的影响。</li><li><b>市场份额：</b>该公司在非酒精即饮（NARTD）饮料总量中的价值份额下降，因为家庭和异地渠道的基本份额增长被由于异地渠道的持续压力而导致的负面渠道组合所抵消。家庭渠道，该公司在这些渠道中拥有强大的份额地位。</li><li><b>现金流量：</b>由于积极的业务业绩、本季度额外的五天以及营运资本计划，运营现金为16亿美元，比上年增加11亿美元。自由现金流（非公认会计准则）为14亿美元，比上年增加12亿美元，主要是由运营现金以及资本支出比上年减少推动的。</li></ul><b>公司动态</b></blockquote></p><p></p><p><ul><li><b>Business environment update:</b>Global unit case volume trends remain closely linked to consumer mobility, driven by vaccination rates in different markets and related improvements in away-from-home channels. Through the first quarter, volume trends steadily improved each month, driven by recovery in markets where coronavirus-related uncertainty has abated. The path to recovery, however, remains asynchronous around the world. March volume was back to 2019 levels, with growth in at-home channels being offset by pressure in away-from-home channels. Solid growth in Trademark Coca-Cola, sparkling flavors and the nutrition, juice, dairy and plant-based beverages category was offset by pressure in the hydration category during the quarter.</li><li><b>Driving consumer-centric innovation through scaled brands:</b>The company launched new products across several categories, leveraging loved brands to drive scale and impact. In the United States, the company launched smartwater®+, a lineup of infused hydration options featuring unique ingredient pairings and flavor extracts tailored for specific wellness occasions. Three smartwater®+ variants – smartwater®+ clarity, smartwater®+ tranquility and smartwater®+ renew – deliver unique hydration experiences and will be supported by a 360-degree marketing campaign. This rollout is the latest addition to the company’s portfolio of premium beverages across key markets. After initial success in international markets, the company launched Coca-Cola® with Coffee and Coca-Cola® with Coffee Zero Sugar in the United States to give consumers a refreshing and reinvigorating reset to their daily routine. This innovation exemplifies the company’s lift-and-shift strategy to scale successful beverage innovations to new markets, with the United States becoming the 50thmarket to launch the product. Additionally, Topo Chico™ Hard Seltzer continued its expansion in Latin America and Europe and was recently launched in key markets in the United States under an agreement with Molson Coors Beverage Co.</li><li><b>Aligned bottling system investing for growth:</b>The company continues to focus on strengthening bottling partnerships and bottler alignment as the system enters the recovery phase. Seamless system connectivity is helping the company maintain local relevance while benefiting from global scale. In line with its objective of focusing its resources on building consumer-loved brands and on innovation, the company announced in a separate Form 8-K filing with the Securities and Exchange Commission today that it plans to list Coca-Cola Beverages Africa (CCBA) as a publicly traded bottler and intends to sell a portion of its holdings in CCBA via an initial public offering. This demonstrates a commitment by the company for CCBA to remain Africa-focused and South Africa-headquartered. For more information, please refer to the press release section of the company’s website.</li><li><b>Progress against long-term sustainability goals and creating business value:</b>Environmental, social and governance (ESG) goals remain core to the company’s business and are embedded in its operations. The company delivered on its decade-long drive to enable the economic empowerment of 5 million women entrepreneurs through the 5by20 initiative. The program has reached more than 6 million women entrepreneurs, providing business-skills training, financial services, peer networks, mentoring and other resources. In addition, building on its water stewardship leadership, the company recently announced a holistic strategy to achieve water security where the company operates by 2030. The strategic framework focuses on three priorities: reducing shared water challenges around the world; enhancing community water and sanitation access with a focus on women and girls; and improving the health of priority watersheds. A full update of the company’s ESG priorities will be published April 20 in the 2020 Business &amp; ESG Report, reflecting a continued journey toward driving sustainable business practices.</li></ul><img src=\"https://static.tigerbbs.com/69bdae91a25a77d7cc5821baf1be3f06\" tg-width=\"1318\" tg-height=\"545\"><img src=\"https://static.tigerbbs.com/973f21126d532de43949c5f7483c30b6\" tg-width=\"1314\" tg-height=\"382\"><img src=\"https://static.tigerbbs.com/a9d7bbf9724d8ec5240f7b5a8adc1a9a\" tg-width=\"1101\" tg-height=\"469\"></p><p><blockquote><ul><li><b>营商环境更新：</b>全球单位病例量趋势仍然与消费者流动性密切相关，这是由不同市场的疫苗接种率和离家渠道的相关改善推动的。整个第一季度，在冠状病毒相关不确定性减弱的市场复苏的推动下，销量趋势每个月都在稳步改善。然而，世界各地的复苏之路仍然不同步。3月份的销量回到了2019年的水平，家庭渠道的增长被客场渠道的压力所抵消。本季度，可口可乐商标、起泡口味以及营养、果汁、乳制品和植物饮料类别的稳健增长被水合类别的压力所抵消。</li><li><b>通过规模化品牌推动以消费者为中心的创新：</b>该公司推出了多个类别的新产品，利用喜爱的品牌来扩大规模和影响力。在美国，该公司推出了smartwater®+，一系列注入水合作用选项，具有独特的成分搭配和为特定健康场合量身定制的风味提取物。三个智能水®+变体-smartwater®+clarity，smartwater®+宁静和智能水®+更新-提供独特的水合作用体验，并将得到360度营销活动的支持。此次推出是该公司在主要市场的优质饮料产品组合的最新成员。在国际市场取得初步成功后，该公司推出了可口可乐®配咖啡和可口可乐®在美国，零糖咖啡让消费者在日常生活中焕然一新。这一创新体现了该公司将成功的饮料创新扩展到新市场的提升和转移战略，美国成为推出该产品的第50个市场。此外，Topo Chico™硬苏打水继续在拉丁美洲和欧洲扩张，最近根据与Molson Coors饮料公司的协议在美国的主要市场推出。</li><li><b>一致的装瓶系统投资促进增长：</b>随着系统进入恢复阶段，该公司继续专注于加强装瓶合作伙伴关系和装瓶商的一致性。无缝的系统连接有助于公司保持本地相关性，同时受益于全球规模。根据其将资源集中在打造消费者喜爱的品牌和创新上的目标，该公司今天在向美国证券交易委员会提交的另一份8-K表格文件中宣布，计划将可口可乐饮料非洲公司（CCBA）上市）作为一家公开交易的装瓶商，并打算通过首次公开募股出售其在CCBA的部分股份。这表明该公司致力于CCBA继续以非洲为重点，总部设在南非。有关更多信息，请参阅公司网站的新闻稿部分。</li><li><b>在长期可持续发展目标和创造商业价值方面取得的进展：</b>环境、社会和治理（ESG）目标仍然是公司业务的核心，并嵌入其运营中。该公司实现了长达十年的努力，通过5by20计划增强了500万女企业家的经济权能。该计划已惠及600多万女企业家，提供商业技能培训、金融服务、同行网络、指导和其他资源。此外，基于其水资源管理领导地位，该公司最近宣布了一项整体战略，旨在到2030年实现公司运营区域的水安全。该战略框架侧重于三个优先事项：减少世界各地共有的水资源挑战；加强社区获得水和卫生设施的机会，重点是妇女和女孩；改善优先流域的健康状况。公司ESG优先事项的完整更新将于4月20日在2020年商业与ESG报告中发布，反映了推动可持续商业实践的持续旅程。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coca-Cola Q1 EPS $0.52 Beats $0.50 Estimate, Sales $9.00B Beat $8.61B Estimate<blockquote>可口可乐第一季度EPS$0.52超出预期$0.50，销售额$9.00 B超出预期$8.61 B</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; 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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\">\nCoca-Cola Q1 EPS $0.52 Beats $0.50 Estimate, Sales $9.00B Beat $8.61B Estimate<blockquote>可口可乐第一季度EPS$0.52超出预期$0.50，销售额$9.00 B超出预期$8.61 B</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 18:59</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Coca-Cola (NYSE:KO) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.50 by 4 percent. This is a 1.96 percent increase over earnings of $0.51 per share from the same period last year. The company reported quarterly sales of $9.00 billion which beat the analyst consensus estimate of $8.61 billion by 4.53 percent. This is a 4.64 percent increase over sales of $8.60 billion the same period last year.</p><p><blockquote>可口可乐(NYSE：KO)公布的季度收益为每股0.52美元，比分析师普遍预期的0.50美元高出4%。与去年同期每股收益0.51美元相比，增长了1.96%。该公司报告季度销售额为90亿美元，比分析师普遍预期的86.1亿美元高出4.53%。这比去年同期86亿美元的销售额增长了4.64%。</blockquote></p><p>Coca-Cola&nbsp;climbed&nbsp;0.61%&nbsp;in premarket trading.</p><p><blockquote>可口可乐在盘前交易中上涨0。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4658fe2d745e09a8000eceaa4876d373\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Highlights</b></p><p><blockquote><b>亮点</b></blockquote></p><p><b>Quarterly Performance</b></p><p><blockquote><b>季度业绩</b></blockquote></p><p><ul><li><b>Revenues:</b>Net revenues grew 5% to $9.0 billion, and organic revenues (non-GAAP) grew 6%. This was driven by 5% growth in concentrate sales, while price/mix grew 1%. The quarter included five additional days, which resulted in an approximate 6-point benefit to revenue growth.</li><li><b>Margin:</b>Operating margin, which included items impacting comparability, was 30.2% versus 27.7% in the prior year, while comparable operating margin (non-GAAP) was 31.0% versus 30.7% in the prior year. Operating margin expansion was primarily driven by effective cost management, partially offset by currency headwinds.</li><li><b>Earnings per share:</b>EPS declined 19% to $0.52, and comparable EPS (non-GAAP) grew 8% to $0.55. Comparable EPS (non-GAAP) growth included the impact of a 2-point currency headwind.</li><li><b>Market share:</b>The company lost value share in total nonalcoholic ready-to-drink (NARTD) beverages as an underlying share gain in both at-home and away-from-home channels was more than offset by negative channel mix due to continued pressure in away-from-home channels, where the company has a strong share position.</li><li><b>Cash flow:</b>Cash from operations was $1.6 billion, up $1.1 billion versus the prior year, driven by positive business performance, five additional days in the quarter and working capital initiatives. Free cash flow (non-GAAP) was $1.4 billion, up $1.2 billion versus the prior year, primarily driven by cash from operations along with lower capital expenditures versus the prior year.</li></ul><b>Company Updates</b></p><p><blockquote><ul><li><b>收入：</b>净收入增长5%，达到90亿美元，有机收入（非GAAP）增长6%。这是由精矿销售额增长5%而价格/组合增长1%推动的。该季度包括额外的五天，这为收入增长带来了大约6个百分点的好处。</li><li><b>保证金：</b>营业利润率（包括影响可比性的项目）为30.2%，而上年为27.7%，而可比营业利润率（非公认会计准则）为31.0%，而上年为30.7%。营业利润率的扩张主要是由有效的成本管理推动的，部分被货币不利因素所抵消。</li><li><b>每股盈利：</b>每股收益下降19%至0.52美元，可比每股收益（非公认会计准则）增长8%至0.55美元。可比每股收益（非公认会计准则）增长包括2点货币逆风的影响。</li><li><b>市场份额：</b>该公司在非酒精即饮（NARTD）饮料总量中的价值份额下降，因为家庭和异地渠道的基本份额增长被由于异地渠道的持续压力而导致的负面渠道组合所抵消。家庭渠道，该公司在这些渠道中拥有强大的份额地位。</li><li><b>现金流量：</b>由于积极的业务业绩、本季度额外的五天以及营运资本计划，运营现金为16亿美元，比上年增加11亿美元。自由现金流（非公认会计准则）为14亿美元，比上年增加12亿美元，主要是由运营现金以及资本支出比上年减少推动的。</li></ul><b>公司动态</b></blockquote></p><p></p><p><ul><li><b>Business environment update:</b>Global unit case volume trends remain closely linked to consumer mobility, driven by vaccination rates in different markets and related improvements in away-from-home channels. Through the first quarter, volume trends steadily improved each month, driven by recovery in markets where coronavirus-related uncertainty has abated. The path to recovery, however, remains asynchronous around the world. March volume was back to 2019 levels, with growth in at-home channels being offset by pressure in away-from-home channels. Solid growth in Trademark Coca-Cola, sparkling flavors and the nutrition, juice, dairy and plant-based beverages category was offset by pressure in the hydration category during the quarter.</li><li><b>Driving consumer-centric innovation through scaled brands:</b>The company launched new products across several categories, leveraging loved brands to drive scale and impact. In the United States, the company launched smartwater®+, a lineup of infused hydration options featuring unique ingredient pairings and flavor extracts tailored for specific wellness occasions. Three smartwater®+ variants – smartwater®+ clarity, smartwater®+ tranquility and smartwater®+ renew – deliver unique hydration experiences and will be supported by a 360-degree marketing campaign. This rollout is the latest addition to the company’s portfolio of premium beverages across key markets. After initial success in international markets, the company launched Coca-Cola® with Coffee and Coca-Cola® with Coffee Zero Sugar in the United States to give consumers a refreshing and reinvigorating reset to their daily routine. This innovation exemplifies the company’s lift-and-shift strategy to scale successful beverage innovations to new markets, with the United States becoming the 50thmarket to launch the product. Additionally, Topo Chico™ Hard Seltzer continued its expansion in Latin America and Europe and was recently launched in key markets in the United States under an agreement with Molson Coors Beverage Co.</li><li><b>Aligned bottling system investing for growth:</b>The company continues to focus on strengthening bottling partnerships and bottler alignment as the system enters the recovery phase. Seamless system connectivity is helping the company maintain local relevance while benefiting from global scale. In line with its objective of focusing its resources on building consumer-loved brands and on innovation, the company announced in a separate Form 8-K filing with the Securities and Exchange Commission today that it plans to list Coca-Cola Beverages Africa (CCBA) as a publicly traded bottler and intends to sell a portion of its holdings in CCBA via an initial public offering. This demonstrates a commitment by the company for CCBA to remain Africa-focused and South Africa-headquartered. For more information, please refer to the press release section of the company’s website.</li><li><b>Progress against long-term sustainability goals and creating business value:</b>Environmental, social and governance (ESG) goals remain core to the company’s business and are embedded in its operations. The company delivered on its decade-long drive to enable the economic empowerment of 5 million women entrepreneurs through the 5by20 initiative. The program has reached more than 6 million women entrepreneurs, providing business-skills training, financial services, peer networks, mentoring and other resources. In addition, building on its water stewardship leadership, the company recently announced a holistic strategy to achieve water security where the company operates by 2030. The strategic framework focuses on three priorities: reducing shared water challenges around the world; enhancing community water and sanitation access with a focus on women and girls; and improving the health of priority watersheds. A full update of the company’s ESG priorities will be published April 20 in the 2020 Business &amp; ESG Report, reflecting a continued journey toward driving sustainable business practices.</li></ul><img src=\"https://static.tigerbbs.com/69bdae91a25a77d7cc5821baf1be3f06\" tg-width=\"1318\" tg-height=\"545\"><img src=\"https://static.tigerbbs.com/973f21126d532de43949c5f7483c30b6\" tg-width=\"1314\" tg-height=\"382\"><img src=\"https://static.tigerbbs.com/a9d7bbf9724d8ec5240f7b5a8adc1a9a\" tg-width=\"1101\" tg-height=\"469\"></p><p><blockquote><ul><li><b>营商环境更新：</b>全球单位病例量趋势仍然与消费者流动性密切相关，这是由不同市场的疫苗接种率和离家渠道的相关改善推动的。整个第一季度，在冠状病毒相关不确定性减弱的市场复苏的推动下，销量趋势每个月都在稳步改善。然而，世界各地的复苏之路仍然不同步。3月份的销量回到了2019年的水平，家庭渠道的增长被客场渠道的压力所抵消。本季度，可口可乐商标、起泡口味以及营养、果汁、乳制品和植物饮料类别的稳健增长被水合类别的压力所抵消。</li><li><b>通过规模化品牌推动以消费者为中心的创新：</b>该公司推出了多个类别的新产品，利用喜爱的品牌来扩大规模和影响力。在美国，该公司推出了smartwater®+，一系列注入水合作用选项，具有独特的成分搭配和为特定健康场合量身定制的风味提取物。三个智能水®+变体-smartwater®+clarity，smartwater®+宁静和智能水®+更新-提供独特的水合作用体验，并将得到360度营销活动的支持。此次推出是该公司在主要市场的优质饮料产品组合的最新成员。在国际市场取得初步成功后，该公司推出了可口可乐®配咖啡和可口可乐®在美国，零糖咖啡让消费者在日常生活中焕然一新。这一创新体现了该公司将成功的饮料创新扩展到新市场的提升和转移战略，美国成为推出该产品的第50个市场。此外，Topo Chico™硬苏打水继续在拉丁美洲和欧洲扩张，最近根据与Molson Coors饮料公司的协议在美国的主要市场推出。</li><li><b>一致的装瓶系统投资促进增长：</b>随着系统进入恢复阶段，该公司继续专注于加强装瓶合作伙伴关系和装瓶商的一致性。无缝的系统连接有助于公司保持本地相关性，同时受益于全球规模。根据其将资源集中在打造消费者喜爱的品牌和创新上的目标，该公司今天在向美国证券交易委员会提交的另一份8-K表格文件中宣布，计划将可口可乐饮料非洲公司（CCBA）上市）作为一家公开交易的装瓶商，并打算通过首次公开募股出售其在CCBA的部分股份。这表明该公司致力于CCBA继续以非洲为重点，总部设在南非。有关更多信息，请参阅公司网站的新闻稿部分。</li><li><b>在长期可持续发展目标和创造商业价值方面取得的进展：</b>环境、社会和治理（ESG）目标仍然是公司业务的核心，并嵌入其运营中。该公司实现了长达十年的努力，通过5by20计划增强了500万女企业家的经济权能。该计划已惠及600多万女企业家，提供商业技能培训、金融服务、同行网络、指导和其他资源。此外，基于其水资源管理领导地位，该公司最近宣布了一项整体战略，旨在到2030年实现公司运营区域的水安全。该战略框架侧重于三个优先事项：减少世界各地共有的水资源挑战；加强社区获得水和卫生设施的机会，重点是妇女和女孩；改善优先流域的健康状况。公司ESG优先事项的完整更新将于4月20日在2020年商业与ESG报告中发布，反映了推动可持续商业实践的持续旅程。</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130761594","content_text":"Coca-Cola (NYSE:KO) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.50 by 4 percent. This is a 1.96 percent increase over earnings of $0.51 per share from the same period last year. The company reported quarterly sales of $9.00 billion which beat the analyst consensus estimate of $8.61 billion by 4.53 percent. This is a 4.64 percent increase over sales of $8.60 billion the same period last year.Coca-Cola climbed 0.61% in premarket trading.HighlightsQuarterly PerformanceRevenues:Net revenues grew 5% to $9.0 billion, and organic revenues (non-GAAP) grew 6%. This was driven by 5% growth in concentrate sales, while price/mix grew 1%. The quarter included five additional days, which resulted in an approximate 6-point benefit to revenue growth.Margin:Operating margin, which included items impacting comparability, was 30.2% versus 27.7% in the prior year, while comparable operating margin (non-GAAP) was 31.0% versus 30.7% in the prior year. Operating margin expansion was primarily driven by effective cost management, partially offset by currency headwinds.Earnings per share:EPS declined 19% to $0.52, and comparable EPS (non-GAAP) grew 8% to $0.55. Comparable EPS (non-GAAP) growth included the impact of a 2-point currency headwind.Market share:The company lost value share in total nonalcoholic ready-to-drink (NARTD) beverages as an underlying share gain in both at-home and away-from-home channels was more than offset by negative channel mix due to continued pressure in away-from-home channels, where the company has a strong share position.Cash flow:Cash from operations was $1.6 billion, up $1.1 billion versus the prior year, driven by positive business performance, five additional days in the quarter and working capital initiatives. Free cash flow (non-GAAP) was $1.4 billion, up $1.2 billion versus the prior year, primarily driven by cash from operations along with lower capital expenditures versus the prior year.Company UpdatesBusiness environment update:Global unit case volume trends remain closely linked to consumer mobility, driven by vaccination rates in different markets and related improvements in away-from-home channels. Through the first quarter, volume trends steadily improved each month, driven by recovery in markets where coronavirus-related uncertainty has abated. The path to recovery, however, remains asynchronous around the world. March volume was back to 2019 levels, with growth in at-home channels being offset by pressure in away-from-home channels. Solid growth in Trademark Coca-Cola, sparkling flavors and the nutrition, juice, dairy and plant-based beverages category was offset by pressure in the hydration category during the quarter.Driving consumer-centric innovation through scaled brands:The company launched new products across several categories, leveraging loved brands to drive scale and impact. In the United States, the company launched smartwater®+, a lineup of infused hydration options featuring unique ingredient pairings and flavor extracts tailored for specific wellness occasions. Three smartwater®+ variants – smartwater®+ clarity, smartwater®+ tranquility and smartwater®+ renew – deliver unique hydration experiences and will be supported by a 360-degree marketing campaign. This rollout is the latest addition to the company’s portfolio of premium beverages across key markets. After initial success in international markets, the company launched Coca-Cola® with Coffee and Coca-Cola® with Coffee Zero Sugar in the United States to give consumers a refreshing and reinvigorating reset to their daily routine. This innovation exemplifies the company’s lift-and-shift strategy to scale successful beverage innovations to new markets, with the United States becoming the 50thmarket to launch the product. Additionally, Topo Chico™ Hard Seltzer continued its expansion in Latin America and Europe and was recently launched in key markets in the United States under an agreement with Molson Coors Beverage Co.Aligned bottling system investing for growth:The company continues to focus on strengthening bottling partnerships and bottler alignment as the system enters the recovery phase. Seamless system connectivity is helping the company maintain local relevance while benefiting from global scale. In line with its objective of focusing its resources on building consumer-loved brands and on innovation, the company announced in a separate Form 8-K filing with the Securities and Exchange Commission today that it plans to list Coca-Cola Beverages Africa (CCBA) as a publicly traded bottler and intends to sell a portion of its holdings in CCBA via an initial public offering. This demonstrates a commitment by the company for CCBA to remain Africa-focused and South Africa-headquartered. For more information, please refer to the press release section of the company’s website.Progress against long-term sustainability goals and creating business value:Environmental, social and governance (ESG) goals remain core to the company’s business and are embedded in its operations. The company delivered on its decade-long drive to enable the economic empowerment of 5 million women entrepreneurs through the 5by20 initiative. The program has reached more than 6 million women entrepreneurs, providing business-skills training, financial services, peer networks, mentoring and other resources. In addition, building on its water stewardship leadership, the company recently announced a holistic strategy to achieve water security where the company operates by 2030. The strategic framework focuses on three priorities: reducing shared water challenges around the world; enhancing community water and sanitation access with a focus on women and girls; and improving the health of priority watersheds. A full update of the company’s ESG priorities will be published April 20 in the 2020 Business & ESG Report, reflecting a continued journey toward driving sustainable business practices.","news_type":1,"symbols_score_info":{"KO":0.9}},"isVote":1,"tweetType":1,"viewCount":2461,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373113361,"gmtCreate":1618830381253,"gmtModify":1631885999692,"author":{"id":"3578438646005178","authorId":"3578438646005178","name":"Nwhl","avatar":"https://static.tigerbbs.com/9f039e95e8f630cea6dea9c7018305ff","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578438646005178","authorIdStr":"3578438646005178"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/KO\">$Coca-Cola(KO)$</a>Patience does it&nbsp;","listText":"<a href=\"https://laohu8.com/S/KO\">$Coca-Cola(KO)$</a>Patience does it&nbsp;","text":"$Coca-Cola(KO)$Patience does it","images":[{"img":"https://static.tigerbbs.com/b756c450901fe04ecb0d55f2b8db6a3a","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/373113361","isVote":1,"tweetType":1,"viewCount":2850,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":347685292,"gmtCreate":1618493645016,"gmtModify":1631886968076,"author":{"id":"3578438646005178","authorId":"3578438646005178","name":"Nwhl","avatar":"https://static.tigerbbs.com/9f039e95e8f630cea6dea9c7018305ff","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578438646005178","authorIdStr":"3578438646005178"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/JNJ\">$Johnson &amp; 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