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2021-12-22

Cry 😢

Alibaba shares fell 3.45% in premarket trading<blockquote>阿里巴巴-SW股价在盘前交易中下跌3.45%</blockquote>

2021-11-26

Good morning

2021-10-23

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2021-10-22

Good

10 Biggest Price Target Changes For Friday<blockquote>周五10个最大价格目标变化</blockquote>

2021-10-19

Hello

Why Apple's New Mac Chips Are Setting High Bar for Intel<blockquote>为什么苹果的新款Mac芯片为英特尔设定了高标准</blockquote>

2021-10-17

Hello

The Dow is on track for its best October in 6 years and third-quarter earnings are strong so far. What could go wrong?<blockquote>道琼斯指数有望创下6年来最好的10月份，迄今为止第三季度收益强劲。会出什么问题？</blockquote>

2021-10-15

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2021-10-15

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2021-10-15

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2021-10-11

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2021-10-08

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2021-10-06

Good

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2021-10-03

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2021-09-29

Hi

Technically Speaking: Is The Market "Melting-Up?"<blockquote>从技术上讲：市场正在“融化”吗？</blockquote>

2021-09-28

Hello

IFit Health & Fitness Seeks $6.6 Billion Valuation In IPO<blockquote>IFit Health&Fitness寻求IPO估值66亿美元</blockquote>

2021-09-26

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2021-09-24

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2021-09-21

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2021-07-31

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2021-07-29

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/>\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>Alibaba shares fell 3.45% in premarket trading<blockquote>阿里巴巴-SW股价在盘前交易中下跌3.45%</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{ 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}\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\">\nAlibaba shares fell 3.45% in premarket trading<blockquote>阿里巴巴-SW股价在盘前交易中下跌3.45%</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\">2021-12-22 17:01</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Alibaba&nbsp;shares&nbsp;fell&nbsp;3.45%&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/2aca7dde9ba9b99094907e05817f461b\" tg-width=\"735\" tg-height=\"593\" width=\"100%\" height=\"auto\">Chinese regulators have suspended an information-sharing partnership with Alibaba Cloud Computing, a subsidiary of e-commerce conglomerate Alibaba Group, over accusations it failed to promptly report and address a cybersecurity vulnerability, according to state-backed media reports.</p><p><blockquote>阿里巴巴-SW股价在盘前交易中下跌3。据官方媒体报道，中国监管机构暂停了与电子商务集团阿里巴巴-SW集团子公司阿里巴巴-SW云计算的信息共享合作伙伴关系，原因是该公司被指控未能及时报告和解决网络安全漏洞。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148919660","content_text":"Alibaba shares fell 3.45% in premarket trading.Chinese regulators have suspended an information-sharing partnership with Alibaba Cloud Computing, a subsidiary of e-commerce conglomerate Alibaba Group, over accusations it failed to promptly report and address a cybersecurity vulnerability, according to state-backed media 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20:18","market":"us","language":"en","title":"10 Biggest Price Target Changes For Friday<blockquote>周五10个最大价格目标变化</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1155372811","media":"Benzinga","summary":"Keybanc cut Snap Inc. price target from $90 to $85. Snap shares fell 20.6% to $59.61 in pre-market t","content":"<p><div> Keybanc cut Snap Inc. price target from $90 to $85. Snap shares fell 20.6% to $59.61 in pre-market trading. UBS cut Intel Corporation price target from $73 to $58. Intel shares fell 9.9% to $50.48 in ...</p><p><blockquote><div>Keybanc将Snap公司目标价从90美元下调至85美元。Snap股价在盘前交易中下跌20.6%，至59.61美元。瑞银将英特尔公司目标价从73美元下调至58美元。英特尔股价下跌9.9%至50.48美元...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/markets/penny-stocks/21/10/23504158/10-biggest-price-target-changes-for-friday\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/markets/penny-stocks/21/10/23504158/10-biggest-price-target-changes-for-friday\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>10 Biggest Price Target Changes For Friday<blockquote>周五10个最大价格目标变化</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\">\n10 Biggest Price Target Changes For Friday<blockquote>周五10个最大价格目标变化</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-10-22 20:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Keybanc cut Snap Inc. price target from $90 to $85. Snap shares fell 20.6% to $59.61 in pre-market trading. UBS cut Intel Corporation price target from $73 to $58. Intel shares fell 9.9% to $50.48 in ...</p><p><blockquote><div>Keybanc将Snap公司目标价从90美元下调至85美元。Snap股价在盘前交易中下跌20.6%，至59.61美元。瑞银将英特尔公司目标价从73美元下调至58美元。英特尔股价下跌9.9%至50.48美元...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/markets/penny-stocks/21/10/23504158/10-biggest-price-target-changes-for-friday\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/markets/penny-stocks/21/10/23504158/10-biggest-price-target-changes-for-friday\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/markets/penny-stocks/21/10/23504158/10-biggest-price-target-changes-for-friday\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔","SNAP":"Snap Inc"},"source_url":"https://www.benzinga.com/markets/penny-stocks/21/10/23504158/10-biggest-price-target-changes-for-friday","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155372811","content_text":"Keybanc cut Snap Inc. price target from $90 to $85. Snap shares fell 20.6% to $59.61 in pre-market trading.\nUBS cut Intel Corporation price target from $73 to $58. Intel shares fell 9.9% to $50.48 in pre-market trading.\nJefferies boosted GasLog Partners LP price target from $5 to $6.5. GasLog Partners shares rose 1.8% to $4.62 in pre-market trading.\nStephens & Co. raised the price target on Chipotle Mexican Grill, Inc. from $2,000 to $2,150. Chipotle shares fell 0.5% to $1,835.44 in pre-market trading.\nRBC Capital raised Tri Pointe Homes, Inc. price target from $22 to $25. Tri Pointe Homes shares rose 0.1% to close at $23.93 on Thursday.\nPiper Sandler lowered the price target for Ally Financial Inc. from $68 to $59. Ally Financial shares fell 0.7% to $52.60 in pre-market trading.\nTelsey Advisory Group boosted Tractor Supply Company price target from $215 to $230. Tractor Supply shares rose 4% to close at $210.42 on Thursday.\nRaymond James lifted the price target for Valero Energy Corporation from $88 to $95. Valero Energy shares fell 0.6% to $81.52 in pre-market trading.\nKeybanc lifted the price target on Danaher Corporation from $315 to $345. Danaher shares rose 0.4% to $311.97 in pre-market trading.\nStifel reduced the price target on Lindsay Corporation from $181 to $178. Lindsay shares fell 9% to close at $145.02 on Thursday.","news_type":1,"symbols_score_info":{"INTC":0.9,"SNAP":0.9}},"isVote":1,"tweetType":1,"viewCount":2031,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":850229164,"gmtCreate":1634603313107,"gmtModify":1634603313392,"author":{"id":"3578467063156657","authorId":"3578467063156657","name":"pianhua","avatar":"https://static.tigerbbs.com/5fe016149cfce241ec0da0576393d835","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578467063156657","idStr":"3578467063156657"},"themes":[],"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/850229164","repostId":"1102303107","repostType":2,"repost":{"id":"1102303107","kind":"news","pubTimestamp":1634598982,"share":"https://www.laohu8.com/m/news/1102303107?lang=zh_CN&edition=full","pubTime":"2021-10-19 07:16","market":"us","language":"en","title":"Why Apple's New Mac Chips Are Setting High Bar for Intel<blockquote>为什么苹果的新款Mac芯片为英特尔设定了高标准</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1102303107","media":"Barrons","summary":"Intel CEO Pat Gelsinger wants the firm to make chips so good that they can win back Apple’s Macbook ","content":"<p>Intel&nbsp;CEO Pat Gelsinger wants the firm to make chips so good that they can win back&nbsp;Apple’s&nbsp;Macbook business.Monday’s Apple event&nbsp;showcased why that’s such a challenge.</p><p><blockquote>英特尔首席执行官帕特·基辛格(Pat Gelsinger)希望该公司制造出如此优秀的芯片，以便赢回苹果的Macbook业务。周一的苹果活动展示了为什么这是一个如此大的挑战。</blockquote></p><p> The Cupertino, Calif., technology giant unveiled new Macbook Pro laptops that feature the new M1 Pro and higher-end M1 Max processors. It said the latter has a 10-core chip design and is 70% faster than the older M1 chip. The M1 Max has 32 cores and delivers twice the bandwidth of the M1 Pro.</p><p><blockquote>这家位于加州库比蒂诺的科技巨头推出了新的Macbook Pro笔记本电脑，采用了新的M1 Pro和更高端的M1 Max处理器。据称，后者采用10核芯片设计，比旧款M1芯片快70%。M1 Max有32个内核，带宽是M1 Pro的两倍。</blockquote></p><p> “These are the most advanced chips coming from Apple and are a big step up from the original M1 chip launched almost a year ago, serving as anothermajor shot across the board at chip stalwarts given the innovation coming out ofCupertino,” Wedbush analyst Dan Ives wrote on Monday.</p><p><blockquote>Wedbush分析师Dan Ives表示：“这些是来自苹果的最先进的芯片，比大约一年前推出的最初M1芯片有了很大的进步，鉴于库比蒂诺的创新，这是对芯片巨头的又一次全面打击。”周一写道。</blockquote></p><p> Gelsinger, who becameIntel‘s chief earlier this year,said on an episode of “Axios on HBO”&nbsp;that Apple&nbsp;decided they could make a chip better&nbsp;than Intel could. During the interview, which aired Sunday, Gelsinger was referring to Apple’s M1 chip, which was unveiled in November 2020 and was praised by&nbsp;investors and tech enthusiasts, alike.</p><p><blockquote>今年早些时候成为英特尔首席执行官的基辛格在HBO的“Axios on HBO”节目中表示，苹果决定他们可以制造比英特尔更好的芯片。在周日播出的采访中，基辛格指的是苹果的M1芯片，该芯片于2020年11月推出，受到了投资者和科技爱好者的赞扬。</blockquote></p><p> “And, you know, they did a pretty good job,” Gelsinger said on the program. “So what I have to do is create a better chip than they can do themselves. I would hope to win back this piece of their business, as well as many other pieces of business, over time.”</p><p><blockquote>“而且，你知道，他们做得相当好，”基辛格在节目中说。“所以我要做的是创造出比他们自己更好的芯片。我希望随着时间的推移，赢回他们的这部分业务，以及许多其他业务。”</blockquote></p><p> Ives called the M1 Pro and and M1 Max the stars of Monday’s event, which also featured updated Airpods and HomePro Mini smart speakers. Raymond James analyst Chris Caso said the Macbook Pro chips completed Apple’s expected move from Intel platforms.</p><p><blockquote>艾夫斯称M1 Pro和M1 Max是周一活动的明星，该活动还展示了更新的Airpods和HomePro Mini智能扬声器。Raymond James分析师Chris Caso表示，Macbook Pro芯片完成了苹果从英特尔平台的预期转变。</blockquote></p><p> Apple stock rose 1.2% to $146.55 in Monday trading. Intel shares closed up just one cent higher—essentially flat—at $54.47.</p><p><blockquote>苹果股价周一上涨1.2%，至146.55美元。英特尔股价收盘仅上涨1美分，基本持平，至54.47美元。</blockquote></p><p> “[Apple] can now stand on its own in leading edge compute performance, that they can be fully independent from Intel, and that independence provides Apple with a competitive advantage,” Caso added.</p><p><blockquote>“[苹果]现在可以在领先的边缘计算性能方面自立，他们可以完全独立于英特尔，这种独立性为苹果提供了竞争优势，”卡索补充道。</blockquote></p><p> For Intel, the new Apple chips set an ever higher bar to clear. Evercore ISI analyst Amit Daryanani notes that the M1 was already viewed as a market leader.</p><p><blockquote>对于英特尔来说，新的苹果芯片设定了更高的门槛。Evercore ISI分析师Amit Daryanani指出，M1已经被视为市场领导者。</blockquote></p><p> “Apple is really lapping the competition with its latest offerings,” Daryanani added.</p><p><blockquote>“苹果凭借其最新产品确实超越了竞争对手，”达里亚纳尼补充道。</blockquote></p><p> To Gelsinger’s credit, Intel has&nbsp;taken bold steps&nbsp;to turn things around. He&nbsp;said in March&nbsp;Intel would invest $20 billion to build two chip fabrications cites in Arizona. While Intel&nbsp;has its skeptics, 15 of the 40 analysts covering it have Buy or equivalent ratings, while another 15 have Hold or equivalent ratings, according to FactSet. The FactSet mean target price of $61.83 implies 14% upside from recent levels. But like its ambitions with topping Apple’s own processors, the company is&nbsp;still playing catch-up.</p><p><blockquote>值得称赞的是，英特尔采取了大胆的措施来扭转局面。他在3月份表示，英特尔将投资200亿美元在亚利桑那州建设两个芯片制造中心。FactSet的数据显示，尽管英特尔也有人持怀疑态度，但在研究英特尔的40名分析师中，有15名分析师给予买入或同等评级，另外15名分析师给予持有或同等评级。FactSet平均目标价为61.83美元，意味着较近期水平上涨14%。但就像它超越苹果自己的处理器的雄心一样，该公司仍在追赶。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Apple's New Mac Chips Are Setting High Bar for Intel<blockquote>为什么苹果的新款Mac芯片为英特尔设定了高标准</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\">\nWhy Apple's New Mac Chips Are Setting High Bar for Intel<blockquote>为什么苹果的新款Mac芯片为英特尔设定了高标准</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-10-19 07:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Intel&nbsp;CEO Pat Gelsinger wants the firm to make chips so good that they can win back&nbsp;Apple’s&nbsp;Macbook business.Monday’s Apple event&nbsp;showcased why that’s such a challenge.</p><p><blockquote>英特尔首席执行官帕特·基辛格(Pat Gelsinger)希望该公司制造出如此优秀的芯片，以便赢回苹果的Macbook业务。周一的苹果活动展示了为什么这是一个如此大的挑战。</blockquote></p><p> The Cupertino, Calif., technology giant unveiled new Macbook Pro laptops that feature the new M1 Pro and higher-end M1 Max processors. It said the latter has a 10-core chip design and is 70% faster than the older M1 chip. The M1 Max has 32 cores and delivers twice the bandwidth of the M1 Pro.</p><p><blockquote>这家位于加州库比蒂诺的科技巨头推出了新的Macbook Pro笔记本电脑，采用了新的M1 Pro和更高端的M1 Max处理器。据称，后者采用10核芯片设计，比旧款M1芯片快70%。M1 Max有32个内核，带宽是M1 Pro的两倍。</blockquote></p><p> “These are the most advanced chips coming from Apple and are a big step up from the original M1 chip launched almost a year ago, serving as anothermajor shot across the board at chip stalwarts given the innovation coming out ofCupertino,” Wedbush analyst Dan Ives wrote on Monday.</p><p><blockquote>Wedbush分析师Dan Ives表示：“这些是来自苹果的最先进的芯片，比大约一年前推出的最初M1芯片有了很大的进步，鉴于库比蒂诺的创新，这是对芯片巨头的又一次全面打击。”周一写道。</blockquote></p><p> Gelsinger, who becameIntel‘s chief earlier this year,said on an episode of “Axios on HBO”&nbsp;that Apple&nbsp;decided they could make a chip better&nbsp;than Intel could. During the interview, which aired Sunday, Gelsinger was referring to Apple’s M1 chip, which was unveiled in November 2020 and was praised by&nbsp;investors and tech enthusiasts, alike.</p><p><blockquote>今年早些时候成为英特尔首席执行官的基辛格在HBO的“Axios on HBO”节目中表示，苹果决定他们可以制造比英特尔更好的芯片。在周日播出的采访中，基辛格指的是苹果的M1芯片，该芯片于2020年11月推出，受到了投资者和科技爱好者的赞扬。</blockquote></p><p> “And, you know, they did a pretty good job,” Gelsinger said on the program. “So what I have to do is create a better chip than they can do themselves. I would hope to win back this piece of their business, as well as many other pieces of business, over time.”</p><p><blockquote>“而且，你知道，他们做得相当好，”基辛格在节目中说。“所以我要做的是创造出比他们自己更好的芯片。我希望随着时间的推移，赢回他们的这部分业务，以及许多其他业务。”</blockquote></p><p> Ives called the M1 Pro and and M1 Max the stars of Monday’s event, which also featured updated Airpods and HomePro Mini smart speakers. Raymond James analyst Chris Caso said the Macbook Pro chips completed Apple’s expected move from Intel platforms.</p><p><blockquote>艾夫斯称M1 Pro和M1 Max是周一活动的明星，该活动还展示了更新的Airpods和HomePro Mini智能扬声器。Raymond James分析师Chris Caso表示，Macbook Pro芯片完成了苹果从英特尔平台的预期转变。</blockquote></p><p> Apple stock rose 1.2% to $146.55 in Monday trading. Intel shares closed up just one cent higher—essentially flat—at $54.47.</p><p><blockquote>苹果股价周一上涨1.2%，至146.55美元。英特尔股价收盘仅上涨1美分，基本持平，至54.47美元。</blockquote></p><p> “[Apple] can now stand on its own in leading edge compute performance, that they can be fully independent from Intel, and that independence provides Apple with a competitive advantage,” Caso added.</p><p><blockquote>“[苹果]现在可以在领先的边缘计算性能方面自立，他们可以完全独立于英特尔，这种独立性为苹果提供了竞争优势，”卡索补充道。</blockquote></p><p> For Intel, the new Apple chips set an ever higher bar to clear. Evercore ISI analyst Amit Daryanani notes that the M1 was already viewed as a market leader.</p><p><blockquote>对于英特尔来说，新的苹果芯片设定了更高的门槛。Evercore ISI分析师Amit Daryanani指出，M1已经被视为市场领导者。</blockquote></p><p> “Apple is really lapping the competition with its latest offerings,” Daryanani added.</p><p><blockquote>“苹果凭借其最新产品确实超越了竞争对手，”达里亚纳尼补充道。</blockquote></p><p> To Gelsinger’s credit, Intel has&nbsp;taken bold steps&nbsp;to turn things around. He&nbsp;said in March&nbsp;Intel would invest $20 billion to build two chip fabrications cites in Arizona. While Intel&nbsp;has its skeptics, 15 of the 40 analysts covering it have Buy or equivalent ratings, while another 15 have Hold or equivalent ratings, according to FactSet. The FactSet mean target price of $61.83 implies 14% upside from recent levels. But like its ambitions with topping Apple’s own processors, the company is&nbsp;still playing catch-up.</p><p><blockquote>值得称赞的是，英特尔采取了大胆的措施来扭转局面。他在3月份表示，英特尔将投资200亿美元在亚利桑那州建设两个芯片制造中心。FactSet的数据显示，尽管英特尔也有人持怀疑态度，但在研究英特尔的40名分析师中，有15名分析师给予买入或同等评级，另外15名分析师给予持有或同等评级。FactSet平均目标价为61.83美元，意味着较近期水平上涨14%。但就像它超越苹果自己的处理器的雄心一样，该公司仍在追赶。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/intels-ceo-wants-to-win-back-apple-new-macbook-pro-chips-show-why-its-easier-said-than-done-51634595554?mod=hp_LATEST\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","INTC":"英特尔"},"source_url":"https://www.barrons.com/articles/intels-ceo-wants-to-win-back-apple-new-macbook-pro-chips-show-why-its-easier-said-than-done-51634595554?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102303107","content_text":"Intel CEO Pat Gelsinger wants the firm to make chips so good that they can win back Apple’s Macbook business.Monday’s Apple event showcased why that’s such a challenge.\nThe Cupertino, Calif., technology giant unveiled new Macbook Pro laptops that feature the new M1 Pro and higher-end M1 Max processors. It said the latter has a 10-core chip design and is 70% faster than the older M1 chip. The M1 Max has 32 cores and delivers twice the bandwidth of the M1 Pro.\n“These are the most advanced chips coming from Apple and are a big step up from the original M1 chip launched almost a year ago, serving as anothermajor shot across the board at chip stalwarts given the innovation coming out ofCupertino,” Wedbush analyst Dan Ives wrote on Monday.\nGelsinger, who becameIntel‘s chief earlier this year,said on an episode of “Axios on HBO” that Apple decided they could make a chip better than Intel could. During the interview, which aired Sunday, Gelsinger was referring to Apple’s M1 chip, which was unveiled in November 2020 and was praised by investors and tech enthusiasts, alike.\n“And, you know, they did a pretty good job,” Gelsinger said on the program. “So what I have to do is create a better chip than they can do themselves. I would hope to win back this piece of their business, as well as many other pieces of business, over time.”\nIves called the M1 Pro and and M1 Max the stars of Monday’s event, which also featured updated Airpods and HomePro Mini smart speakers. Raymond James analyst Chris Caso said the Macbook Pro chips completed Apple’s expected move from Intel platforms.\nApple stock rose 1.2% to $146.55 in Monday trading. Intel shares closed up just one cent higher—essentially flat—at $54.47.\n“[Apple] can now stand on its own in leading edge compute performance, that they can be fully independent from Intel, and that independence provides Apple with a competitive advantage,” Caso added.\nFor Intel, the new Apple chips set an ever higher bar to clear. Evercore ISI analyst Amit Daryanani notes that the M1 was already viewed as a market leader.\n“Apple is really lapping the competition with its latest offerings,” Daryanani added.\nTo Gelsinger’s credit, Intel has taken bold steps to turn things around. He said in March Intel would invest $20 billion to build two chip fabrications cites in Arizona. While Intel has its skeptics, 15 of the 40 analysts covering it have Buy or equivalent ratings, while another 15 have Hold or equivalent ratings, according to FactSet. The FactSet mean target price of $61.83 implies 14% upside from recent levels. But like its ambitions with topping Apple’s own processors, the company is still playing catch-up.","news_type":1,"symbols_score_info":{"AAPL":0.9,"INTC":0.9}},"isVote":1,"tweetType":1,"viewCount":2461,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":827838412,"gmtCreate":1634440467544,"gmtModify":1634440467802,"author":{"id":"3578467063156657","authorId":"3578467063156657","name":"pianhua","avatar":"https://static.tigerbbs.com/5fe016149cfce241ec0da0576393d835","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578467063156657","idStr":"3578467063156657"},"themes":[],"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/827838412","repostId":"2176144952","repostType":2,"repost":{"id":"2176144952","kind":"highlight","pubTimestamp":1634520290,"share":"https://www.laohu8.com/m/news/2176144952?lang=zh_CN&edition=full","pubTime":"2021-10-18 09:24","market":"us","language":"en","title":"The Dow is on track for its best October in 6 years and third-quarter earnings are strong so far. What could go wrong?<blockquote>道琼斯指数有望创下6年来最好的10月份，迄今为止第三季度收益强劲。会出什么问题？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2176144952","media":"MarketWatch","summary":"A traditionally troublesome month is turning out to be anything but for the stock market...so far. W","content":"<p>A traditionally troublesome month is turning out to be anything but for the stock market...so far. Who would have thought, based on the way things ended last month, and the start to the first full week of October, that investors would be sitting pretty now. Certainly not Dennis Gartman.</p><p><blockquote>到目前为止，传统上麻烦不断的一个月对股市来说却一点也不一样。谁会想到，根据上个月事情的结束方式以及10月第一周的开始，投资者现在会坐得很好。当然不是丹尼斯·加特曼。</blockquote></p><p> Indeed, the Dow Jones Industrial Average is on track for its best month since March when it rose 6.62%, FactSet data show.</p><p><blockquote>FactSet数据显示，事实上，道琼斯工业平均指数有望创下自3月份以来的最佳月份，当时该指数上涨了6.62%。</blockquote></p><p> The rally, in what is typically one of the weakest months of the year, has put blue-chips within 1% of its Aug. 16 record closing high at 35,625.40. And our colleagues at Dow Jones Market Data said that the index's performance so far represents the best start to October since, 2015.</p><p><blockquote>在通常是一年中最疲软的月份之一，蓝筹股的上涨使其距离8月16日创纪录的收盘高点35,625.40点不到1%。道琼斯市场数据公司的同事表示，该指数迄今为止的表现代表了自2015年以来10月份的最佳开局。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/01b35bd415f790716b7eedca1decd372\" tg-width=\"966\" tg-height=\"656\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The S&amp;P 500 is off 1.45% from its record high at 4,536.95 and the Nasdaq Composite is 3.1% of from its Sept. 7 all-time high finish at 15,374.33.</p><p><blockquote>标普500指数较历史高点4,536.95点下跌1.45%，纳斯达克综合指数较9月7日历史高点15,374.33点下跌3.1%。</blockquote></p><p> It is very early days, with only 8% of the S&amp;P 500 index companies reporting third-quarter results thus far, but at least 80% of companies are beating expectations on earnings and revenue, according to John Butters, FactSet's senior earnings analyst.</p><p><blockquote>FactSet高级收益分析师John Butters表示，目前还处于早期阶段，迄今为止只有8%的标普500指数公司公布了第三季度业绩，但至少80%的公司的盈利和收入超出了预期。</blockquote></p><p> Butters says that the blended growth rate (estimates and actual results) of reporting S&amp;P 500 companies is 30%, which would, if it holds, represent the earnings growth rate in over a decade.</p><p><blockquote>巴特斯表示，报告标普500公司的混合增长率（估计和实际结果）为30%，如果保持不变，这将代表十多年来的盈利增长率。</blockquote></p><p> On top of that, the blended net profit margin of 12.3% would mark the third-highest recorded by FactSet since it began tracking that metric in 2008. On June 30, the estimated net profit margin for the third quarter was 12%.</p><p><blockquote>最重要的是，12.3%的混合净利润率将是FactSet自2008年开始跟踪该指标以来的第三高记录。6月30日，预计三季度净利润率为12%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6d334df52ecfa86600e9eec622bc922e\" tg-width=\"700\" tg-height=\"406\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> It certainly didn't hurt that JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup, Wells Fargo&nbsp;and <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>, some of the biggest banks in the country, bested earnings estimates, Butters said.</p><p><blockquote>摩根大通、高盛、美国银行、花旗集团、富国银行和<a href=\"https://laohu8.com/S/MSTLW\">摩根士丹利</a>巴特斯表示，美国一些最大的银行的盈利超出了预期。</blockquote></p><p> To be sure, it isn't as if an all-clear signal has sounded for the bulls, with investors still harboring agita centered on surging inflation, stagflation, the Evergrande-fueled China property saga and an ongoing energy crisis, among other concerns.</p><p><blockquote>可以肯定的是，对于多头来说，这并没有发出明确的信号，投资者仍然对通胀飙升、滞胀、恒大推动的中国房地产传奇以及持续的能源危机等担忧感到不安。</blockquote></p><p> However, the drift higher in U.S. stocks has defied the gravitational pull of those bearish factors. Maybe bulls can thank investor and market prognosticator Dennis Gartman, who after a particularly bad day in October declared the bull market dead.</p><p><blockquote>然而，美国股市的走高克服了这些看跌因素的引力。也许多头应该感谢投资者和市场预言家丹尼斯·加特曼（Dennis Gartman），他在10月份经历了特别糟糕的一天后宣布牛市已经死亡。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4609678407ea462cc72ec3dce790b129\" tg-width=\"604\" tg-height=\"684\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> That prediction may yet turn out to be true but market analyst and founder of NorthmanTrader.com, Sven Henrich, was't going to miss the opportunity to rib Gartman.</p><p><blockquote>这一预测可能会被证明是正确的，但市场分析师兼NorthmanTrader.com创始人斯文·亨里奇(Sven Henrich)不会错过嘲笑加特曼的机会。</blockquote></p><p> However, the market is far from out of the woods. The Federal Reserve seems poised to start tapering its monthly purchases of Treasurys and mortgage-backed securities.</p><p><blockquote>然而，市场远未走出困境。美联储似乎准备开始缩减每月购买美国国债和抵押贷款支持证券的规模。</blockquote></p><p> And MarketWatch's Vivien Lou Chen has written that stronger-than-expected U.S. inflation data for September has bond investors considering the risk that the Federal Reserve may end up being forced to tighten interest rates into a stagnating economy with persistently higher price rises.</p><p><blockquote>MarketWatch的Vivien Lou Chen写道，强于预期的美国9月份通胀数据让债券投资者考虑到美联储最终可能被迫收紧利率以应对经济停滞、物价持续上涨的风险。</blockquote></p><p> Fed Chairman Jerome Powell is slated to give a speech at the end of this coming week that will mark the final comments from policy makers before the central bank's Nov. 2-3 policy meeting, when it's possible the start of the tapering of its bond purchases could be launched.</p><p><blockquote>美联储主席杰罗姆·鲍威尔(Jerome Powell)定于下周末发表讲话，这将标志着政策制定者在央行11月2日至3日政策会议之前的最终评论，届时可能会开始缩减购债规模。可以启动。</blockquote></p><p> Will another pop in 10-year Treasury yields stall out further gains in growth or technology stocks? Will the U.S. dollar rear back up to new highs? Will bad guidance from corporations and steadily retreating profit margins ultimately darken the mood on Wall Street? Not even Gartman knows.</p><p><blockquote>10年期国债收益率的再次上涨是否会阻碍成长股或科技股的进一步上涨？美元会回升至新高吗？企业的糟糕指导和利润率的稳步下降最终会使华尔街的情绪变得黯淡吗？连加特曼都不知道。</blockquote></p><p> But for now, the bulls are riding high in October.</p><p><blockquote>但就目前而言，多头在10月份表现强劲。</blockquote></p><p> <b>What’s ahead in U.S. economic data this week?</b></p><p><blockquote><b>本周美国经济数据前景如何？</b></blockquote></p><p> <b>Monday</b></p><p><blockquote><b>周一</b></blockquote></p><p> <ul>  <li>Data on industrial production and capacity utilization rate for September at 9:15 a.m. ET</li>  <li>National Association of Home Builders index or October at 10 a.m.</li> </ul> <b>Tuesday</b></p><p><blockquote><ul><li>美国东部时间上午9:15 9月份工业生产和产能利用率数据</li><li>全国住宅建筑商协会指数或10月上午10点。</li></ul><b>周二</b></blockquote></p><p> Building permits and housing starts for September at 8:30 a.m.</p><p><blockquote>9月份的建筑许可和房屋开工时间为上午8:30。</blockquote></p><p> <b>Wednesday</b></p><p><blockquote><b>星期三</b></blockquote></p><p> Fed Beige Book at 2 p.m.</p><p><blockquote>下午2点美联储褐皮书。</blockquote></p><p> <b>Thursday</b></p><p><blockquote><b>星期四</b></blockquote></p><p> <ul>  <li>Initial jobless claims at 8:30 a.m.</li>  <li>Philadelphia Fed manufacturing index for October at 8:30 a.m.</li>  <li>Existing home sales for September due at 10 a.m.</li>  <li>Leading economic indicators due at 10 a.m.</li> </ul> <b>Friday</b></p><p><blockquote><ul><li>上午8:30首次申请失业救济人数。</li><li>上午8:30费城联储10月份制造业指数。</li><li>上午10点到期的9月份现房销售。</li><li>领先经济指标将于上午10点公布。</li></ul><b>星期五</b></blockquote></p><p> A flash reading of manufacturing PMIs and services from IHS Markit due at 9:45 a.m.</p><p><blockquote>IHS Markit将于上午9:45发布制造业PMI和服务业快照。</blockquote></p><p> <b>Earnings reports to watch this week</b></p><p><blockquote><b>本周值得关注的盈利报告</b></blockquote></p><p> <b>Tuesday</b></p><p><blockquote><b>周二</b></blockquote></p><p> <ul>  <li>Johnson &amp; Johnson</li>  <li>Procter &amp; Gamble</li>  <li>Travelers</li>  <li>Netflix</li> </ul> <b>Wednesday</b></p><p><blockquote><ul><li>强生公司</li><li>宝洁公司</li><li>旅行者</li><li>Netflix</li></ul><b>星期三</b></blockquote></p><p></p><p> <ul>  <li>Verizon Communications</li>  <li>IBM</li>  <li>Tesla Inc.</li>  <li>Baker Hughes Co.</li>  <li>Biogen Inc.</li>  <li>United Airlines Holdings</li>  <li>Las Vegas Sands Corp.</li> </ul> <b>Thursday</b></p><p><blockquote><ul><li>Verizon通信</li><li>IBM</li><li>特斯拉公司。</li><li>贝克休斯公司。</li><li>百健公司。</li><li>联合航空控股公司</li><li>拉斯维加斯金沙公司。</li></ul><b>星期四</b></blockquote></p><p> <ul>  <li>Intel Corp.</li>  <li>American Airlines Group Inc.</li>  <li>Southwest Airlines Co.</li>  <li>AT&amp;TT</li>  <li>Chipotle Mexican Grill Inc.</li>  <li>Tractor Supply Co.</li>  <li>Snap-On</li>  <li>KeyCorp.</li> </ul> <b>Friday</b></p><p><blockquote><ul><li>英特尔公司。</li><li>美国航空集团公司。</li><li>西南航空公司。</li><li>AT&amp;TT</li><li>墨西哥烧烤公司。</li><li>拖拉机供应公司。</li><li>Snap-On</li><li>钥匙公司。</li></ul><b>星期五</b></blockquote></p><p> <ul>  <li>American Express Co.</li>  <li>Honeywell International Inc.</li>  <li>Whirlpool Corp.</li>  <li>Seagate Technology Holdings</li> </ul></p><p><blockquote><ul><li>美国运通公司。</li><li>霍尼韦尔国际公司。</li><li>惠而浦公司。</li><li>希捷科技控股</li></ul></blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Dow is on track for its best October in 6 years and third-quarter earnings are strong so far. What could go wrong?<blockquote>道琼斯指数有望创下6年来最好的10月份，迄今为止第三季度收益强劲。会出什么问题？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Dow is on track for its best October in 6 years and third-quarter earnings are strong so far. What could go wrong?<blockquote>道琼斯指数有望创下6年来最好的10月份，迄今为止第三季度收益强劲。会出什么问题？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-10-18 09:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p>A traditionally troublesome month is turning out to be anything but for the stock market...so far. Who would have thought, based on the way things ended last month, and the start to the first full week of October, that investors would be sitting pretty now. Certainly not Dennis Gartman.</p><p><blockquote>到目前为止，传统上麻烦不断的一个月对股市来说却一点也不一样。谁会想到，根据上个月事情的结束方式以及10月第一周的开始，投资者现在会坐得很好。当然不是丹尼斯·加特曼。</blockquote></p><p> Indeed, the Dow Jones Industrial Average is on track for its best month since March when it rose 6.62%, FactSet data show.</p><p><blockquote>FactSet数据显示，事实上，道琼斯工业平均指数有望创下自3月份以来的最佳月份，当时该指数上涨了6.62%。</blockquote></p><p> The rally, in what is typically one of the weakest months of the year, has put blue-chips within 1% of its Aug. 16 record closing high at 35,625.40. And our colleagues at Dow Jones Market Data said that the index's performance so far represents the best start to October since, 2015.</p><p><blockquote>在通常是一年中最疲软的月份之一，蓝筹股的上涨使其距离8月16日创纪录的收盘高点35,625.40点不到1%。道琼斯市场数据公司的同事表示，该指数迄今为止的表现代表了自2015年以来10月份的最佳开局。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/01b35bd415f790716b7eedca1decd372\" tg-width=\"966\" tg-height=\"656\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The S&amp;P 500 is off 1.45% from its record high at 4,536.95 and the Nasdaq Composite is 3.1% of from its Sept. 7 all-time high finish at 15,374.33.</p><p><blockquote>标普500指数较历史高点4,536.95点下跌1.45%，纳斯达克综合指数较9月7日历史高点15,374.33点下跌3.1%。</blockquote></p><p> It is very early days, with only 8% of the S&amp;P 500 index companies reporting third-quarter results thus far, but at least 80% of companies are beating expectations on earnings and revenue, according to John Butters, FactSet's senior earnings analyst.</p><p><blockquote>FactSet高级收益分析师John Butters表示，目前还处于早期阶段，迄今为止只有8%的标普500指数公司公布了第三季度业绩，但至少80%的公司的盈利和收入超出了预期。</blockquote></p><p> Butters says that the blended growth rate (estimates and actual results) of reporting S&amp;P 500 companies is 30%, which would, if it holds, represent the earnings growth rate in over a decade.</p><p><blockquote>巴特斯表示，报告标普500公司的混合增长率（估计和实际结果）为30%，如果保持不变，这将代表十多年来的盈利增长率。</blockquote></p><p> On top of that, the blended net profit margin of 12.3% would mark the third-highest recorded by FactSet since it began tracking that metric in 2008. On June 30, the estimated net profit margin for the third quarter was 12%.</p><p><blockquote>最重要的是，12.3%的混合净利润率将是FactSet自2008年开始跟踪该指标以来的第三高记录。6月30日，预计三季度净利润率为12%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6d334df52ecfa86600e9eec622bc922e\" tg-width=\"700\" tg-height=\"406\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> It certainly didn't hurt that JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup, Wells Fargo&nbsp;and <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>, some of the biggest banks in the country, bested earnings estimates, Butters said.</p><p><blockquote>摩根大通、高盛、美国银行、花旗集团、富国银行和<a href=\"https://laohu8.com/S/MSTLW\">摩根士丹利</a>巴特斯表示，美国一些最大的银行的盈利超出了预期。</blockquote></p><p> To be sure, it isn't as if an all-clear signal has sounded for the bulls, with investors still harboring agita centered on surging inflation, stagflation, the Evergrande-fueled China property saga and an ongoing energy crisis, among other concerns.</p><p><blockquote>可以肯定的是，对于多头来说，这并没有发出明确的信号，投资者仍然对通胀飙升、滞胀、恒大推动的中国房地产传奇以及持续的能源危机等担忧感到不安。</blockquote></p><p> However, the drift higher in U.S. stocks has defied the gravitational pull of those bearish factors. Maybe bulls can thank investor and market prognosticator Dennis Gartman, who after a particularly bad day in October declared the bull market dead.</p><p><blockquote>然而，美国股市的走高克服了这些看跌因素的引力。也许多头应该感谢投资者和市场预言家丹尼斯·加特曼（Dennis Gartman），他在10月份经历了特别糟糕的一天后宣布牛市已经死亡。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4609678407ea462cc72ec3dce790b129\" tg-width=\"604\" tg-height=\"684\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> That prediction may yet turn out to be true but market analyst and founder of NorthmanTrader.com, Sven Henrich, was't going to miss the opportunity to rib Gartman.</p><p><blockquote>这一预测可能会被证明是正确的，但市场分析师兼NorthmanTrader.com创始人斯文·亨里奇(Sven Henrich)不会错过嘲笑加特曼的机会。</blockquote></p><p> However, the market is far from out of the woods. The Federal Reserve seems poised to start tapering its monthly purchases of Treasurys and mortgage-backed securities.</p><p><blockquote>然而，市场远未走出困境。美联储似乎准备开始缩减每月购买美国国债和抵押贷款支持证券的规模。</blockquote></p><p> And MarketWatch's Vivien Lou Chen has written that stronger-than-expected U.S. inflation data for September has bond investors considering the risk that the Federal Reserve may end up being forced to tighten interest rates into a stagnating economy with persistently higher price rises.</p><p><blockquote>MarketWatch的Vivien Lou Chen写道，强于预期的美国9月份通胀数据让债券投资者考虑到美联储最终可能被迫收紧利率以应对经济停滞、物价持续上涨的风险。</blockquote></p><p> Fed Chairman Jerome Powell is slated to give a speech at the end of this coming week that will mark the final comments from policy makers before the central bank's Nov. 2-3 policy meeting, when it's possible the start of the tapering of its bond purchases could be launched.</p><p><blockquote>美联储主席杰罗姆·鲍威尔(Jerome Powell)定于下周末发表讲话，这将标志着政策制定者在央行11月2日至3日政策会议之前的最终评论，届时可能会开始缩减购债规模。可以启动。</blockquote></p><p> Will another pop in 10-year Treasury yields stall out further gains in growth or technology stocks? Will the U.S. dollar rear back up to new highs? Will bad guidance from corporations and steadily retreating profit margins ultimately darken the mood on Wall Street? Not even Gartman knows.</p><p><blockquote>10年期国债收益率的再次上涨是否会阻碍成长股或科技股的进一步上涨？美元会回升至新高吗？企业的糟糕指导和利润率的稳步下降最终会使华尔街的情绪变得黯淡吗？连加特曼都不知道。</blockquote></p><p> But for now, the bulls are riding high in October.</p><p><blockquote>但就目前而言，多头在10月份表现强劲。</blockquote></p><p> <b>What’s ahead in U.S. economic data this week?</b></p><p><blockquote><b>本周美国经济数据前景如何？</b></blockquote></p><p> <b>Monday</b></p><p><blockquote><b>周一</b></blockquote></p><p> <ul>  <li>Data on industrial production and capacity utilization rate for September at 9:15 a.m. ET</li>  <li>National Association of Home Builders index or October at 10 a.m.</li> </ul> <b>Tuesday</b></p><p><blockquote><ul><li>美国东部时间上午9:15 9月份工业生产和产能利用率数据</li><li>全国住宅建筑商协会指数或10月上午10点。</li></ul><b>周二</b></blockquote></p><p> Building permits and housing starts for September at 8:30 a.m.</p><p><blockquote>9月份的建筑许可和房屋开工时间为上午8:30。</blockquote></p><p> <b>Wednesday</b></p><p><blockquote><b>星期三</b></blockquote></p><p> Fed Beige Book at 2 p.m.</p><p><blockquote>下午2点美联储褐皮书。</blockquote></p><p> <b>Thursday</b></p><p><blockquote><b>星期四</b></blockquote></p><p> <ul>  <li>Initial jobless claims at 8:30 a.m.</li>  <li>Philadelphia Fed manufacturing index for October at 8:30 a.m.</li>  <li>Existing home sales for September due at 10 a.m.</li>  <li>Leading economic indicators due at 10 a.m.</li> </ul> <b>Friday</b></p><p><blockquote><ul><li>上午8:30首次申请失业救济人数。</li><li>上午8:30费城联储10月份制造业指数。</li><li>上午10点到期的9月份现房销售。</li><li>领先经济指标将于上午10点公布。</li></ul><b>星期五</b></blockquote></p><p> A flash reading of manufacturing PMIs and services from IHS Markit due at 9:45 a.m.</p><p><blockquote>IHS Markit将于上午9:45发布制造业PMI和服务业快照。</blockquote></p><p> <b>Earnings reports to watch this week</b></p><p><blockquote><b>本周值得关注的盈利报告</b></blockquote></p><p> <b>Tuesday</b></p><p><blockquote><b>周二</b></blockquote></p><p> <ul>  <li>Johnson &amp; Johnson</li>  <li>Procter &amp; Gamble</li>  <li>Travelers</li>  <li>Netflix</li> </ul> <b>Wednesday</b></p><p><blockquote><ul><li>强生公司</li><li>宝洁公司</li><li>旅行者</li><li>Netflix</li></ul><b>星期三</b></blockquote></p><p></p><p> <ul>  <li>Verizon Communications</li>  <li>IBM</li>  <li>Tesla Inc.</li>  <li>Baker Hughes Co.</li>  <li>Biogen Inc.</li>  <li>United Airlines Holdings</li>  <li>Las Vegas Sands Corp.</li> </ul> <b>Thursday</b></p><p><blockquote><ul><li>Verizon通信</li><li>IBM</li><li>特斯拉公司。</li><li>贝克休斯公司。</li><li>百健公司。</li><li>联合航空控股公司</li><li>拉斯维加斯金沙公司。</li></ul><b>星期四</b></blockquote></p><p> <ul>  <li>Intel Corp.</li>  <li>American Airlines Group Inc.</li>  <li>Southwest Airlines Co.</li>  <li>AT&amp;TT</li>  <li>Chipotle Mexican Grill Inc.</li>  <li>Tractor Supply Co.</li>  <li>Snap-On</li>  <li>KeyCorp.</li> </ul> <b>Friday</b></p><p><blockquote><ul><li>英特尔公司。</li><li>美国航空集团公司。</li><li>西南航空公司。</li><li>AT&amp;TT</li><li>墨西哥烧烤公司。</li><li>拖拉机供应公司。</li><li>Snap-On</li><li>钥匙公司。</li></ul><b>星期五</b></blockquote></p><p> <ul>  <li>American Express Co.</li>  <li>Honeywell International Inc.</li>  <li>Whirlpool Corp.</li>  <li>Seagate Technology Holdings</li> </ul></p><p><blockquote><ul><li>美国运通公司。</li><li>霍尼韦尔国际公司。</li><li>惠而浦公司。</li><li>希捷科技控股</li></ul></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/the-dow-is-on-track-for-its-best-october-in-6-years-and-third-quarter-earnings-are-strong-so-far-what-could-go-wrong-11634405448?mod=mw_latestnews\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIIB":"渤健公司","AAL":"美国航空","HON":"霍尼韦尔","LUV":"西南航空","IBM":"IBM","T":"At&T","NFLX":"奈飞","KEY":"KeyCorp","JNJ":"强生","TSCO":"拖拉机供应公司","UAL":"联合大陆航空","INTC":"英特尔","JPM":"摩根大通","TRV":"旅行者财产险集团","TSLA":"特斯拉","BAC":"美国银行","LVS":"金沙集团","PG":"宝洁","VZ":"Verizon Comms","AXP":"美国运通","CMG":"墨式烧烤","WHR":"惠而浦","MS":"摩根士丹利","BKR":"Baker Hughes Co","WFC":"富国银行","GS":"高盛","SNA":"施耐宝"},"source_url":"https://www.marketwatch.com/story/the-dow-is-on-track-for-its-best-october-in-6-years-and-third-quarter-earnings-are-strong-so-far-what-could-go-wrong-11634405448?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2176144952","content_text":"A traditionally troublesome month is turning out to be anything but for the stock market...so far. Who would have thought, based on the way things ended last month, and the start to the first full week of October, that investors would be sitting pretty now. Certainly not Dennis Gartman.\nIndeed, the Dow Jones Industrial Average is on track for its best month since March when it rose 6.62%, FactSet data show.\nThe rally, in what is typically one of the weakest months of the year, has put blue-chips within 1% of its Aug. 16 record closing high at 35,625.40. And our colleagues at Dow Jones Market Data said that the index's performance so far represents the best start to October since, 2015.\n\nThe S&P 500 is off 1.45% from its record high at 4,536.95 and the Nasdaq Composite is 3.1% of from its Sept. 7 all-time high finish at 15,374.33.\nIt is very early days, with only 8% of the S&P 500 index companies reporting third-quarter results thus far, but at least 80% of companies are beating expectations on earnings and revenue, according to John Butters, FactSet's senior earnings analyst.\nButters says that the blended growth rate (estimates and actual results) of reporting S&P 500 companies is 30%, which would, if it holds, represent the earnings growth rate in over a decade.\nOn top of that, the blended net profit margin of 12.3% would mark the third-highest recorded by FactSet since it began tracking that metric in 2008. On June 30, the estimated net profit margin for the third quarter was 12%.\n\nIt certainly didn't hurt that JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup, Wells Fargo and Morgan Stanley, some of the biggest banks in the country, bested earnings estimates, Butters said.\nTo be sure, it isn't as if an all-clear signal has sounded for the bulls, with investors still harboring agita centered on surging inflation, stagflation, the Evergrande-fueled China property saga and an ongoing energy crisis, among other concerns.\nHowever, the drift higher in U.S. stocks has defied the gravitational pull of those bearish factors. Maybe bulls can thank investor and market prognosticator Dennis Gartman, who after a particularly bad day in October declared the bull market dead.\n\nThat prediction may yet turn out to be true but market analyst and founder of NorthmanTrader.com, Sven Henrich, was't going to miss the opportunity to rib Gartman.\nHowever, the market is far from out of the woods. The Federal Reserve seems poised to start tapering its monthly purchases of Treasurys and mortgage-backed securities.\nAnd MarketWatch's Vivien Lou Chen has written that stronger-than-expected U.S. inflation data for September has bond investors considering the risk that the Federal Reserve may end up being forced to tighten interest rates into a stagnating economy with persistently higher price rises.\nFed Chairman Jerome Powell is slated to give a speech at the end of this coming week that will mark the final comments from policy makers before the central bank's Nov. 2-3 policy meeting, when it's possible the start of the tapering of its bond purchases could be launched.\nWill another pop in 10-year Treasury yields stall out further gains in growth or technology stocks? Will the U.S. dollar rear back up to new highs? Will bad guidance from corporations and steadily retreating profit margins ultimately darken the mood on Wall Street? Not even Gartman knows.\nBut for now, the bulls are riding high in October.\nWhat’s ahead in U.S. economic data this week?\nMonday\n\nData on industrial production and capacity utilization rate for September at 9:15 a.m. ET\nNational Association of Home Builders index or October at 10 a.m.\n\nTuesday\nBuilding permits and housing starts for September at 8:30 a.m.\nWednesday\nFed Beige Book at 2 p.m.\nThursday\n\nInitial jobless claims at 8:30 a.m.\nPhiladelphia Fed manufacturing index for October at 8:30 a.m.\nExisting home sales for September due at 10 a.m.\nLeading economic indicators due at 10 a.m.\n\nFriday\nA flash reading of manufacturing PMIs and services from IHS Markit due at 9:45 a.m.\nEarnings reports to watch this week\nTuesday\n\nJohnson & Johnson\nProcter & Gamble\nTravelers\nNetflix\n\nWednesday\n\nVerizon Communications\nIBM\nTesla Inc.\nBaker Hughes Co.\nBiogen Inc.\nUnited Airlines Holdings\nLas Vegas Sands Corp.\n\nThursday\n\nIntel Corp.\nAmerican Airlines Group Inc.\nSouthwest Airlines Co.\nAT&TT\nChipotle Mexican Grill Inc.\nTractor Supply Co.\nSnap-On\nKeyCorp.\n\nFriday\n\nAmerican Express Co.\nHoneywell International Inc.\nWhirlpool Corp.\nSeagate Technology 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10:31","market":"us","language":"en","title":"Technically Speaking: Is The Market \"Melting-Up?\"<blockquote>从技术上讲：市场正在“融化”吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1198528044","media":"seekingalpha","summary":"Summary\n\nGiven the Fed’s ongoing balance sheet operations, investors fully believe they have protect","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Given the Fed’s ongoing balance sheet operations, investors fully believe they have protection from a decline.</li>  <li>As is always the case, the investing public believes future earnings will justify higher prices during a melt-up. It just never works out that way.</li>  <li>While it is essential to take advantage of the melt-up while it lasts, just don’t become overly complacent “this time is different”.</li> </ul> Is the<i>“market melting-up?”</i>Such was the question I received from my colleague at<i>Cut The Crap Investing.</i>It is an excellent question given the relentless increase in what investors believe is a<i>“no risk”</i>market.</p><p><blockquote><ul><li>鉴于美联储正在进行的资产负债表操作，投资者完全相信他们有能力免受经济衰退的影响。</li><li>与往常一样，投资大众相信未来的收益将证明在融化期间价格上涨是合理的。从来都不是那样的。</li><li>虽然在融化持续期间利用它是至关重要的，但不要过于自满“这次不同了”。</li></ul>是<i>“市场融化？”</i>这是我从我的同事那里收到的问题<i>少废话投资。</i>考虑到投资者认为的持续增长，这是一个很好的问题<i>“没有风险”</i>市场。</blockquote></p><p> Of course, we need a definition of precisely what constitutes a melt-up.</p><p><blockquote>当然，我们需要一个准确定义什么是融化。</blockquote></p><p>   <i>“A melt-up is a sustained and often unexpected improvement in the investment performance of an asset or asset class, driven partly</i>  <i><b>by a stampede of investors who don’t want to miss out on its rise,</b></i>  <i>rather than by fundamental improvements in the economy.“</i>–  <i>Investopedia</i>  Currently, there is sufficient evidence to support the idea of an exuberant market.<b><i>As noted previously:</i></b></p><p><blockquote><i>他说：“熔断是指一项资产或资产类别的投资表现持续且往往出乎意料的改善，部分原因是</i><i><b>不想错过其上涨机会的投资者蜂拥而至，</b></i><i>而不是经济的根本改善。”</i>–<i>投资百科</i>目前，有足够的证据支持市场繁荣的观点。<b><i>如前所述：</i></b></blockquote></p><p>   <i>“Near peaks of market cycles, investors become swept up by the underlying exuberance. That exuberance breeds the “rationalization” that “this time is different.” So how do you know the market is exuberant currently? Via Sentiment Trader:”</i>    <i>‘This type of market activity is an indication that markets have returned their ‘enthusiasm’ stage. Such is characterized by:’</i>  <ul>  <li><b><i>High optimism</i></b></li>  <li><b><i>Easy credit (too easy, with loose terms)</i></b></li>  <li><b><i>A rush of initial and secondary offerings</i></b></li>  <li><b><i>Risky stocks outperforming</i></b></li>  <li><b><i>Stretched valuations</i></b></li> </ul> <img src=\"https://static.tigerbbs.com/ff8de3a84084162ca86b415584bbf793\" tg-width=\"731\" tg-height=\"468\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote><i>“在市场周期接近顶峰时，投资者会被潜在的繁荣所席卷。这种繁荣滋生了“合理化”，即“这次不同了”。那么，你如何知道市场目前是繁荣的呢？通过情绪交易者：”</i><i>这种类型的市场活动表明市场已经回到了“热情”阶段。其特征在于：</i><ul><li><b><i>高度乐观</i></b></li><li><b><i>宽松信贷（太宽松，条款宽松）</i></b></li><li><b><i>首次和二次发行热潮</i></b></li><li><b><i>风险股跑赢大盘</i></b></li><li><b><i>估值过高</i></b></li></ul></blockquote></p><p> However, while one would expect individuals to exhibit caution in such an environment, the opposite is true. Given the Fed’s ongoing balance sheet operations, investors fully believe they have protection from a decline.</p><p><blockquote>然而，虽然人们会期望个人在这样的环境中表现出谨慎，但事实恰恰相反。鉴于美联储正在进行的资产负债表操作，投资者完全相信他们有能力免受经济衰退的影响。</blockquote></p><p> <b>A Visualization Of A Market Melting-Up</b></p><p><blockquote><b>市场融化的可视化</b></blockquote></p><p> It is often easier to visualize something rather than explain it.<b>Since 1900, only two previous market periods qualify as a melt-up: 1920-1929 and 1995-2000.</b>The chart below shows both periods in terms of price.</p><p><blockquote>想象某事通常比解释它更容易。<b>自1900年以来，只有两个市场时期符合熔化的条件：1920-1929年和1995-2000年。</b>下图显示了这两个时期的价格。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a218c7efe2ebd874d05c9ff7dd564436\" tg-width=\"797\" tg-height=\"437\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/9f193c9c32d55747bf7ff511c2f9fd53\" tg-width=\"793\" tg-height=\"439\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> However, the melt-up is also visually represented by the incredibly sharp rise in valuations. Such is essential because earnings are not rising at a fast enough clip to support higher prices.<b>As is always the case, the investing public believes future earnings will justify higher prices during a melt-up. It just never works out that way.</b></p><p><blockquote>然而，估值的大幅上涨也直观地体现了这种融化。这一点至关重要，因为盈利增长速度不足以支撑价格上涨。<b>与往常一样，投资大众相信未来的收益将证明在融化期间价格上涨是合理的。从来都不是那样的。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/c69e418d5a19d6fd03b305ab111e3be3\" tg-width=\"794\" tg-height=\"440\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/af03d3bbd071b8edfdf3a19e2c7b0bcd\" tg-width=\"796\" tg-height=\"437\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> We can compare those two previous periods with the current advance from the March 2020 lows. Again, we see a very similar sharp advance in price combined with a surge in valuations. As expected, investors are currently hoping that future earnings will rise sharply enough to justify current prices. However, the justification for paying high prices is the Federal Reserve’s ongoing balance sheet expansion.</p><p><blockquote>我们可以将前两个时期与当前从2020年3月低点的上涨进行比较。我们再次看到非常相似的价格大幅上涨和估值飙升。正如预期的那样，投资者目前希望未来收益将大幅上涨，足以证明当前价格的合理性。然而，支付高价的理由是美联储持续的资产负债表扩张。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f3562aea27b24ad4921d0f5cd497e072\" tg-width=\"804\" tg-height=\"444\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The following chart looks that the price advance and valuation measures a little differently. It shows the current deviation from the long-term exponential growth trend. Not surprisingly, during a market<i>“melt-up,”</i>there is a rapid deviation from the growth trend matching the acceleration in valuations.</p><p><blockquote>下图显示，价格上涨和估值指标略有不同。它显示了当前与长期指数增长趋势的背离。毫不奇怪，在市场期间<i>“融化。”</i>与估值加速相匹配的增长趋势出现了快速背离。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1419cf4b2afdcdc0f61e0cad862f498d\" tg-width=\"836\" tg-height=\"460\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The problem with market<i>“melt-ups”</i>is not the melt-up itself but what always follows.</p><p><blockquote>市场的问题<i>“融化”</i>不是融化本身，而是随之而来的一切。</blockquote></p><p> <b>Melting-Up Leads To Melting-Down</b></p><p><blockquote><b>熔化导致熔化</b></blockquote></p><p> A market melting-up is exciting while it lasts. During melt-ups, investors begin to rationalize why<i>“this time is different.”</i>They start taking on excess leverage to try and capitalize on the rapid advance in prices, and fundamentals take a back seat to price momentum.</p><p><blockquote>市场融化持续下去是令人兴奋的。在熔断期间，投资者开始合理化原因<i>“这次不一样。”</i>他们开始过度杠杆，试图利用价格的快速上涨，基本面让位于价格动能。</blockquote></p><p></p><p> Market melt-ups are all about<i>“psychology.”</i><b>Historically, whatever has been the catalyst to spark the disregard of risk is readily witnessed in the corresponding surge in price and valuations.</b>The chart below shows the long-term deviations in relative strength, deviations, and valuations. The previous<i>‘melt-up”</i>periods should be easy to spot when compared with the advance currently.</p><p><blockquote>市场融化都是关于<i>“心理学。”</i><b>从历史上看，无论引发忽视风险的催化剂是什么，都很容易在价格和估值的相应飙升中看到。</b>下图显示了相对强度、偏差和估值的长期偏差。上一篇<i>“融化”</i>与目前的进展相比，时期应该很容易发现。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bc04cb25c0199dd17475a551a5dd7ec1\" tg-width=\"869\" tg-height=\"1024\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Given that current extensions match only a few rare periods in history, a couple of points should be readily apparent.</p><p><blockquote>鉴于目前的延期仅与历史上少数罕见的时期相匹配，有几点应该是显而易见的。</blockquote></p><p> <ol>  <li><b><i>Melt-ups can longer than logic would predict.</i></b></li>  <li><b><i>The prevailing psychology is always “this time is different.”</i></b></li>  <li><b><i>Valuations are dismissed in exchange for measures of momentum and forward expectations.</i></b></li>  <li><b><i>Investors take on excess leverage and risk in order to participate in a seemingly “can’t lose” market.</i></b></li>  <li><b><i>Lastly, and inevitably, “melt-ups” end and always in the worst possible outcomes.</i></b></li> </ol> It is essential to recognize the markets are in a<i>“melt-up,</i>” and the duration of that event is unknowable. Therefore, investors need a strategy to participate in the advance and mitigate the damage from the eventual<i>“melting-down.”</i></p><p><blockquote><ol><li><b><i>融化的时间可能比逻辑预测的要长。</i></b></li><li><b><i>普遍的心理总是“这次不一样了”。</i></b></li><li><b><i>估值被驳回，以换取动量和前瞻性预期的衡量标准。</i></b></li><li><b><i>投资者为了参与一个看似“输不起”的市场，承担了过多的杠杆和风险。</i></b></li><li><b><i>最后，不可避免的是，“融化”以最糟糕的结果告终。</i></b></li></ol>必须认识到市场正处于<i>“融化，</i>“而且该事件的持续时间是未知的。因此，投资者需要一种策略来参与提前并减轻最终的损失<i>“熔化。”</i></blockquote></p><p> <b>Surviving The Melt-Up</b></p><p><blockquote><b>在融化中幸存下来</b></blockquote></p><p> <b>As noted, none of this means the next</b><b><i>“bear market”</i></b><b>is lurking.</b>Given that a market melting-up is a function of psychology, they can last longer and go further than logic would predict. What is required to “<i>end”</i>a melt-up is an unanticipated exogenous event that changes psychology from bullish to bearish. Such is when the stampede for the exits occurs, and prices decline very quickly.</p><p><blockquote><b>如上所述，这些都不意味着下一个</b><b><i>“熊市”</i></b><b>正在潜伏。</b>鉴于市场融化是心理作用，它们可以持续更长时间，走得比逻辑预测的更远。需要什么“<i>结束“</i>融化是一种意想不到的外生事件，它将心理从看涨转变为看跌。这就是人们蜂拥退出的时候，价格会迅速下跌。</blockquote></p><p> As such, investors need a set of guidelines to participate in the market advance. But, of course, the hard part is keeping those gains when corrections inevitably occur.</p><p><blockquote>因此，投资者需要一套指导方针来参与市场上涨。但是，当然，困难的部分是在不可避免地发生调整时保持这些收益。</blockquote></p><p> As portfolio managers for our clients, such is precisely the approach we must take. Accordingly, I have provided a general overview of the process that we employ.</p><p><blockquote>作为客户的投资组合经理，这正是我们必须采取的方法。因此，我提供了我们采用的流程的总体概述。</blockquote></p><p> <ol>  <li><i><b>Tighten up stop-loss levels</b></i><i>to current support levels for each position.(Provides identifiable exit points when the market reverses.)</i></li>  <li><i><b>Hedge portfolios</b></i><i>against major market declines.(Non-correlated assets, short-market positions, index put options)</i></li>  <li><i><b>Take profits</b></i><i>in positions that have been big winners(Rebalancing overbought or extended positions to capture gains but continue to participate in the advance.)</i></li>  <li><i><b>Sell laggards</b></i><i>and losers</i>.<i>(If something isn’t working in a market melt-up, it most likely won’t work during a broad decline. Better to eliminate the risk early.)</i></li>  <li><i><b>Raise cash</b></i><i>and rebalance portfolios to target weightings.(Rebalancing risk on a regular basis keeps hidden risks somewhat mitigated.)</i></li> </ol> <b>Notice, nothing in there says,</b><b><i>“sell everything and go to cash.”</i></b></p><p><blockquote><ol><li><i><b>收紧止损水平</b></i><i>每个头寸的当前支撑位。（当市场反转时提供可识别的退出点。）</i></li><li><i><b>对冲投资组合</b></i><i>（非相关资产、空头市场头寸、指数看跌期权）</i></li><li><i><b>获利了结</b></i><i>在已经成为大赢家的头寸中（重新平衡超买或扩展头寸以获取收益，但继续参与上涨。）</i></li><li><i><b>出售落后者</b></i><i>和失败者</i>.<i>（如果某些东西在市场融化时不起作用，那么在广泛下跌时很可能也不会起作用。最好尽早消除风险。）</i></li><li><i><b>筹集现金</b></i><i>并重新平衡投资组合以达到目标权重。（定期重新平衡风险可以在一定程度上减轻隐藏的风险。）</i></li></ol><b>注意，里面没有任何东西说，</b><b><i>“卖掉所有东西，去兑现。”</i></b></blockquote></p><p> There will be a time to raise significant levels of cash. A good portfolio management strategy will automatically ensure that<i>“stop-loss”</i>levels get triggered, exposure decreases, and cash levels rise when the selling begins.</p><p><blockquote>将会有一段时间来筹集大量现金。一个好的投资组合管理策略会自动确保<i>“止损”</i>当出售开始时，水平被触发，风险减少，现金水平上升。</blockquote></p><p> While it is essential to take advantage of the melt-up while it lasts, just don’t become overly complacent<i>“this time is different.”</i></p><p><blockquote>虽然有必要在融化持续期间利用它，但不要过于自满<i>“这次不一样。”</i></blockquote></p><p> It likely isn’t.</p><p><blockquote>很可能不是。</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>Technically Speaking: Is The Market \"Melting-Up?\"<blockquote>从技术上讲：市场正在“融化”吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTechnically Speaking: Is The Market \"Melting-Up?\"<blockquote>从技术上讲：市场正在“融化”吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-09-29 10:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Given the Fed’s ongoing balance sheet operations, investors fully believe they have protection from a decline.</li>  <li>As is always the case, the investing public believes future earnings will justify higher prices during a melt-up. It just never works out that way.</li>  <li>While it is essential to take advantage of the melt-up while it lasts, just don’t become overly complacent “this time is different”.</li> </ul> Is the<i>“market melting-up?”</i>Such was the question I received from my colleague at<i>Cut The Crap Investing.</i>It is an excellent question given the relentless increase in what investors believe is a<i>“no risk”</i>market.</p><p><blockquote><ul><li>鉴于美联储正在进行的资产负债表操作，投资者完全相信他们有能力免受经济衰退的影响。</li><li>与往常一样，投资大众相信未来的收益将证明在融化期间价格上涨是合理的。从来都不是那样的。</li><li>虽然在融化持续期间利用它是至关重要的，但不要过于自满“这次不同了”。</li></ul>是<i>“市场融化？”</i>这是我从我的同事那里收到的问题<i>少废话投资。</i>考虑到投资者认为的持续增长，这是一个很好的问题<i>“没有风险”</i>市场。</blockquote></p><p> Of course, we need a definition of precisely what constitutes a melt-up.</p><p><blockquote>当然，我们需要一个准确定义什么是融化。</blockquote></p><p>   <i>“A melt-up is a sustained and often unexpected improvement in the investment performance of an asset or asset class, driven partly</i>  <i><b>by a stampede of investors who don’t want to miss out on its rise,</b></i>  <i>rather than by fundamental improvements in the economy.“</i>–  <i>Investopedia</i>  Currently, there is sufficient evidence to support the idea of an exuberant market.<b><i>As noted previously:</i></b></p><p><blockquote><i>他说：“熔断是指一项资产或资产类别的投资表现持续且往往出乎意料的改善，部分原因是</i><i><b>不想错过其上涨机会的投资者蜂拥而至，</b></i><i>而不是经济的根本改善。”</i>–<i>投资百科</i>目前，有足够的证据支持市场繁荣的观点。<b><i>如前所述：</i></b></blockquote></p><p>   <i>“Near peaks of market cycles, investors become swept up by the underlying exuberance. That exuberance breeds the “rationalization” that “this time is different.” So how do you know the market is exuberant currently? Via Sentiment Trader:”</i>    <i>‘This type of market activity is an indication that markets have returned their ‘enthusiasm’ stage. Such is characterized by:’</i>  <ul>  <li><b><i>High optimism</i></b></li>  <li><b><i>Easy credit (too easy, with loose terms)</i></b></li>  <li><b><i>A rush of initial and secondary offerings</i></b></li>  <li><b><i>Risky stocks outperforming</i></b></li>  <li><b><i>Stretched valuations</i></b></li> </ul> <img src=\"https://static.tigerbbs.com/ff8de3a84084162ca86b415584bbf793\" tg-width=\"731\" tg-height=\"468\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote><i>“在市场周期接近顶峰时，投资者会被潜在的繁荣所席卷。这种繁荣滋生了“合理化”，即“这次不同了”。那么，你如何知道市场目前是繁荣的呢？通过情绪交易者：”</i><i>这种类型的市场活动表明市场已经回到了“热情”阶段。其特征在于：</i><ul><li><b><i>高度乐观</i></b></li><li><b><i>宽松信贷（太宽松，条款宽松）</i></b></li><li><b><i>首次和二次发行热潮</i></b></li><li><b><i>风险股跑赢大盘</i></b></li><li><b><i>估值过高</i></b></li></ul></blockquote></p><p> However, while one would expect individuals to exhibit caution in such an environment, the opposite is true. Given the Fed’s ongoing balance sheet operations, investors fully believe they have protection from a decline.</p><p><blockquote>然而，虽然人们会期望个人在这样的环境中表现出谨慎，但事实恰恰相反。鉴于美联储正在进行的资产负债表操作，投资者完全相信他们有能力免受经济衰退的影响。</blockquote></p><p> <b>A Visualization Of A Market Melting-Up</b></p><p><blockquote><b>市场融化的可视化</b></blockquote></p><p> It is often easier to visualize something rather than explain it.<b>Since 1900, only two previous market periods qualify as a melt-up: 1920-1929 and 1995-2000.</b>The chart below shows both periods in terms of price.</p><p><blockquote>想象某事通常比解释它更容易。<b>自1900年以来，只有两个市场时期符合熔化的条件：1920-1929年和1995-2000年。</b>下图显示了这两个时期的价格。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a218c7efe2ebd874d05c9ff7dd564436\" tg-width=\"797\" tg-height=\"437\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/9f193c9c32d55747bf7ff511c2f9fd53\" tg-width=\"793\" tg-height=\"439\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> However, the melt-up is also visually represented by the incredibly sharp rise in valuations. Such is essential because earnings are not rising at a fast enough clip to support higher prices.<b>As is always the case, the investing public believes future earnings will justify higher prices during a melt-up. It just never works out that way.</b></p><p><blockquote>然而，估值的大幅上涨也直观地体现了这种融化。这一点至关重要，因为盈利增长速度不足以支撑价格上涨。<b>与往常一样，投资大众相信未来的收益将证明在融化期间价格上涨是合理的。从来都不是那样的。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/c69e418d5a19d6fd03b305ab111e3be3\" tg-width=\"794\" tg-height=\"440\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/af03d3bbd071b8edfdf3a19e2c7b0bcd\" tg-width=\"796\" tg-height=\"437\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> We can compare those two previous periods with the current advance from the March 2020 lows. Again, we see a very similar sharp advance in price combined with a surge in valuations. As expected, investors are currently hoping that future earnings will rise sharply enough to justify current prices. However, the justification for paying high prices is the Federal Reserve’s ongoing balance sheet expansion.</p><p><blockquote>我们可以将前两个时期与当前从2020年3月低点的上涨进行比较。我们再次看到非常相似的价格大幅上涨和估值飙升。正如预期的那样，投资者目前希望未来收益将大幅上涨，足以证明当前价格的合理性。然而，支付高价的理由是美联储持续的资产负债表扩张。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f3562aea27b24ad4921d0f5cd497e072\" tg-width=\"804\" tg-height=\"444\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The following chart looks that the price advance and valuation measures a little differently. It shows the current deviation from the long-term exponential growth trend. Not surprisingly, during a market<i>“melt-up,”</i>there is a rapid deviation from the growth trend matching the acceleration in valuations.</p><p><blockquote>下图显示，价格上涨和估值指标略有不同。它显示了当前与长期指数增长趋势的背离。毫不奇怪，在市场期间<i>“融化。”</i>与估值加速相匹配的增长趋势出现了快速背离。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1419cf4b2afdcdc0f61e0cad862f498d\" tg-width=\"836\" tg-height=\"460\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The problem with market<i>“melt-ups”</i>is not the melt-up itself but what always follows.</p><p><blockquote>市场的问题<i>“融化”</i>不是融化本身，而是随之而来的一切。</blockquote></p><p> <b>Melting-Up Leads To Melting-Down</b></p><p><blockquote><b>熔化导致熔化</b></blockquote></p><p> A market melting-up is exciting while it lasts. During melt-ups, investors begin to rationalize why<i>“this time is different.”</i>They start taking on excess leverage to try and capitalize on the rapid advance in prices, and fundamentals take a back seat to price momentum.</p><p><blockquote>市场融化持续下去是令人兴奋的。在熔断期间，投资者开始合理化原因<i>“这次不一样。”</i>他们开始过度杠杆，试图利用价格的快速上涨，基本面让位于价格动能。</blockquote></p><p></p><p> Market melt-ups are all about<i>“psychology.”</i><b>Historically, whatever has been the catalyst to spark the disregard of risk is readily witnessed in the corresponding surge in price and valuations.</b>The chart below shows the long-term deviations in relative strength, deviations, and valuations. The previous<i>‘melt-up”</i>periods should be easy to spot when compared with the advance currently.</p><p><blockquote>市场融化都是关于<i>“心理学。”</i><b>从历史上看，无论引发忽视风险的催化剂是什么，都很容易在价格和估值的相应飙升中看到。</b>下图显示了相对强度、偏差和估值的长期偏差。上一篇<i>“融化”</i>与目前的进展相比，时期应该很容易发现。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bc04cb25c0199dd17475a551a5dd7ec1\" tg-width=\"869\" tg-height=\"1024\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Given that current extensions match only a few rare periods in history, a couple of points should be readily apparent.</p><p><blockquote>鉴于目前的延期仅与历史上少数罕见的时期相匹配，有几点应该是显而易见的。</blockquote></p><p> <ol>  <li><b><i>Melt-ups can longer than logic would predict.</i></b></li>  <li><b><i>The prevailing psychology is always “this time is different.”</i></b></li>  <li><b><i>Valuations are dismissed in exchange for measures of momentum and forward expectations.</i></b></li>  <li><b><i>Investors take on excess leverage and risk in order to participate in a seemingly “can’t lose” market.</i></b></li>  <li><b><i>Lastly, and inevitably, “melt-ups” end and always in the worst possible outcomes.</i></b></li> </ol> It is essential to recognize the markets are in a<i>“melt-up,</i>” and the duration of that event is unknowable. Therefore, investors need a strategy to participate in the advance and mitigate the damage from the eventual<i>“melting-down.”</i></p><p><blockquote><ol><li><b><i>融化的时间可能比逻辑预测的要长。</i></b></li><li><b><i>普遍的心理总是“这次不一样了”。</i></b></li><li><b><i>估值被驳回，以换取动量和前瞻性预期的衡量标准。</i></b></li><li><b><i>投资者为了参与一个看似“输不起”的市场，承担了过多的杠杆和风险。</i></b></li><li><b><i>最后，不可避免的是，“融化”以最糟糕的结果告终。</i></b></li></ol>必须认识到市场正处于<i>“融化，</i>“而且该事件的持续时间是未知的。因此，投资者需要一种策略来参与提前并减轻最终的损失<i>“熔化。”</i></blockquote></p><p> <b>Surviving The Melt-Up</b></p><p><blockquote><b>在融化中幸存下来</b></blockquote></p><p> <b>As noted, none of this means the next</b><b><i>“bear market”</i></b><b>is lurking.</b>Given that a market melting-up is a function of psychology, they can last longer and go further than logic would predict. What is required to “<i>end”</i>a melt-up is an unanticipated exogenous event that changes psychology from bullish to bearish. Such is when the stampede for the exits occurs, and prices decline very quickly.</p><p><blockquote><b>如上所述，这些都不意味着下一个</b><b><i>“熊市”</i></b><b>正在潜伏。</b>鉴于市场融化是心理作用，它们可以持续更长时间，走得比逻辑预测的更远。需要什么“<i>结束“</i>融化是一种意想不到的外生事件，它将心理从看涨转变为看跌。这就是人们蜂拥退出的时候，价格会迅速下跌。</blockquote></p><p> As such, investors need a set of guidelines to participate in the market advance. But, of course, the hard part is keeping those gains when corrections inevitably occur.</p><p><blockquote>因此，投资者需要一套指导方针来参与市场上涨。但是，当然，困难的部分是在不可避免地发生调整时保持这些收益。</blockquote></p><p> As portfolio managers for our clients, such is precisely the approach we must take. Accordingly, I have provided a general overview of the process that we employ.</p><p><blockquote>作为客户的投资组合经理，这正是我们必须采取的方法。因此，我提供了我们采用的流程的总体概述。</blockquote></p><p> <ol>  <li><i><b>Tighten up stop-loss levels</b></i><i>to current support levels for each position.(Provides identifiable exit points when the market reverses.)</i></li>  <li><i><b>Hedge portfolios</b></i><i>against major market declines.(Non-correlated assets, short-market positions, index put options)</i></li>  <li><i><b>Take profits</b></i><i>in positions that have been big winners(Rebalancing overbought or extended positions to capture gains but continue to participate in the advance.)</i></li>  <li><i><b>Sell laggards</b></i><i>and losers</i>.<i>(If something isn’t working in a market melt-up, it most likely won’t work during a broad decline. Better to eliminate the risk early.)</i></li>  <li><i><b>Raise cash</b></i><i>and rebalance portfolios to target weightings.(Rebalancing risk on a regular basis keeps hidden risks somewhat mitigated.)</i></li> </ol> <b>Notice, nothing in there says,</b><b><i>“sell everything and go to cash.”</i></b></p><p><blockquote><ol><li><i><b>收紧止损水平</b></i><i>每个头寸的当前支撑位。（当市场反转时提供可识别的退出点。）</i></li><li><i><b>对冲投资组合</b></i><i>（非相关资产、空头市场头寸、指数看跌期权）</i></li><li><i><b>获利了结</b></i><i>在已经成为大赢家的头寸中（重新平衡超买或扩展头寸以获取收益，但继续参与上涨。）</i></li><li><i><b>出售落后者</b></i><i>和失败者</i>.<i>（如果某些东西在市场融化时不起作用，那么在广泛下跌时很可能也不会起作用。最好尽早消除风险。）</i></li><li><i><b>筹集现金</b></i><i>并重新平衡投资组合以达到目标权重。（定期重新平衡风险可以在一定程度上减轻隐藏的风险。）</i></li></ol><b>注意，里面没有任何东西说，</b><b><i>“卖掉所有东西，去兑现。”</i></b></blockquote></p><p> There will be a time to raise significant levels of cash. A good portfolio management strategy will automatically ensure that<i>“stop-loss”</i>levels get triggered, exposure decreases, and cash levels rise when the selling begins.</p><p><blockquote>将会有一段时间来筹集大量现金。一个好的投资组合管理策略会自动确保<i>“止损”</i>当出售开始时，水平被触发，风险减少，现金水平上升。</blockquote></p><p> While it is essential to take advantage of the melt-up while it lasts, just don’t become overly complacent<i>“this time is different.”</i></p><p><blockquote>虽然有必要在融化持续期间利用它，但不要过于自满<i>“这次不一样。”</i></blockquote></p><p> It likely isn’t.</p><p><blockquote>很可能不是。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4457469-technically-speaking-is-the-market-melting-up\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"https://seekingalpha.com/article/4457469-technically-speaking-is-the-market-melting-up","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198528044","content_text":"Summary\n\nGiven the Fed’s ongoing balance sheet operations, investors fully believe they have protection from a decline.\nAs is always the case, the investing public believes future earnings will justify higher prices during a melt-up. It just never works out that way.\nWhile it is essential to take advantage of the melt-up while it lasts, just don’t become overly complacent “this time is different”.\n\nIs the“market melting-up?”Such was the question I received from my colleague atCut The Crap Investing.It is an excellent question given the relentless increase in what investors believe is a“no risk”market.\nOf course, we need a definition of precisely what constitutes a melt-up.\n\n“A melt-up is a sustained and often unexpected improvement in the investment performance of an asset or asset class, driven partly\nby a stampede of investors who don’t want to miss out on its rise,\nrather than by fundamental improvements in the economy.“–\n Investopedia\n\nCurrently, there is sufficient evidence to support the idea of an exuberant market.As noted previously:\n\n“Near peaks of market cycles, investors become swept up by the underlying exuberance. That exuberance breeds the “rationalization” that “this time is different.” So how do you know the market is exuberant currently? Via Sentiment Trader:”\n\n\n‘This type of market activity is an indication that markets have returned their ‘enthusiasm’ stage. Such is characterized by:’\n\n\nHigh optimism\nEasy credit (too easy, with loose terms)\nA rush of initial and secondary offerings\nRisky stocks outperforming\nStretched valuations\n\n\nHowever, while one would expect individuals to exhibit caution in such an environment, the opposite is true. Given the Fed’s ongoing balance sheet operations, investors fully believe they have protection from a decline.\nA Visualization Of A Market Melting-Up\nIt is often easier to visualize something rather than explain it.Since 1900, only two previous market periods qualify as a melt-up: 1920-1929 and 1995-2000.The chart below shows both periods in terms of price.\n\nHowever, the melt-up is also visually represented by the incredibly sharp rise in valuations. Such is essential because earnings are not rising at a fast enough clip to support higher prices.As is always the case, the investing public believes future earnings will justify higher prices during a melt-up. It just never works out that way.\n\nWe can compare those two previous periods with the current advance from the March 2020 lows. Again, we see a very similar sharp advance in price combined with a surge in valuations. As expected, investors are currently hoping that future earnings will rise sharply enough to justify current prices. However, the justification for paying high prices is the Federal Reserve’s ongoing balance sheet expansion.\n\nThe following chart looks that the price advance and valuation measures a little differently. It shows the current deviation from the long-term exponential growth trend. Not surprisingly, during a market“melt-up,”there is a rapid deviation from the growth trend matching the acceleration in valuations.\n\nThe problem with market“melt-ups”is not the melt-up itself but what always follows.\nMelting-Up Leads To Melting-Down\nA market melting-up is exciting while it lasts. During melt-ups, investors begin to rationalize why“this time is different.”They start taking on excess leverage to try and capitalize on the rapid advance in prices, and fundamentals take a back seat to price momentum.\nMarket melt-ups are all about“psychology.”Historically, whatever has been the catalyst to spark the disregard of risk is readily witnessed in the corresponding surge in price and valuations.The chart below shows the long-term deviations in relative strength, deviations, and valuations. The previous‘melt-up”periods should be easy to spot when compared with the advance currently.\n\nGiven that current extensions match only a few rare periods in history, a couple of points should be readily apparent.\n\nMelt-ups can longer than logic would predict.\nThe prevailing psychology is always “this time is different.”\nValuations are dismissed in exchange for measures of momentum and forward expectations.\nInvestors take on excess leverage and risk in order to participate in a seemingly “can’t lose” market.\nLastly, and inevitably, “melt-ups” end and always in the worst possible outcomes.\n\nIt is essential to recognize the markets are in a“melt-up,” and the duration of that event is unknowable. Therefore, investors need a strategy to participate in the advance and mitigate the damage from the eventual“melting-down.”\nSurviving The Melt-Up\nAs noted, none of this means the next“bear market”is lurking.Given that a market melting-up is a function of psychology, they can last longer and go further than logic would predict. What is required to “end”a melt-up is an unanticipated exogenous event that changes psychology from bullish to bearish. Such is when the stampede for the exits occurs, and prices decline very quickly.\nAs such, investors need a set of guidelines to participate in the market advance. But, of course, the hard part is keeping those gains when corrections inevitably occur.\nAs portfolio managers for our clients, such is precisely the approach we must take. Accordingly, I have provided a general overview of the process that we employ.\n\nTighten up stop-loss levelsto current support levels for each position.(Provides identifiable exit points when the market reverses.)\nHedge portfoliosagainst major market declines.(Non-correlated assets, short-market positions, index put options)\nTake profitsin positions that have been big winners(Rebalancing overbought or extended positions to capture gains but continue to participate in the advance.)\nSell laggardsand losers.(If something isn’t working in a market melt-up, it most likely won’t work during a broad decline. Better to eliminate the risk early.)\nRaise cashand rebalance portfolios to target weightings.(Rebalancing risk on a regular basis keeps hidden risks somewhat mitigated.)\n\nNotice, nothing in there says,“sell everything and go to cash.”\nThere will be a time to raise significant levels of cash. A good portfolio management strategy will automatically ensure that“stop-loss”levels get triggered, exposure decreases, and cash levels rise when the selling begins.\nWhile it is essential to take advantage of the melt-up while it lasts, just don’t become overly complacent“this time is different.”\nIt likely isn’t.","news_type":1,"symbols_score_info":{"SPY":0.9,".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":650,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":866458307,"gmtCreate":1632799216909,"gmtModify":1632799216995,"author":{"id":"3578467063156657","authorId":"3578467063156657","name":"pianhua","avatar":"https://static.tigerbbs.com/5fe016149cfce241ec0da0576393d835","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578467063156657","idStr":"3578467063156657"},"themes":[],"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/866458307","repostId":"1173876760","repostType":4,"repost":{"id":"1173876760","kind":"news","pubTimestamp":1632798007,"share":"https://www.laohu8.com/m/news/1173876760?lang=zh_CN&edition=full","pubTime":"2021-09-28 11:00","market":"us","language":"en","title":"IFit Health & Fitness Seeks $6.6 Billion Valuation In IPO<blockquote>IFit Health&amp;Fitness寻求IPO估值66亿美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1173876760","media":"sgbonline","summary":"IFit Health & Fitness is looking to raise as much as $646.15 million through a U.S. initial public o","content":"<p>IFit Health &amp; Fitness&nbsp;is looking to raise as much as $646.15 million through a U.S. initial public offering, valuing the company at $6.61 billion, according to a regulatory filing with the Securities &amp; Exchange Commission.</p><p><blockquote>根据向美国证券交易委员会提交的监管文件，IFit Health&amp;Fitness希望通过美国首次公开募股筹集高达6.4615亿美元的资金，该公司估值为66.1亿美元。</blockquote></p><p> The company, which sells connected fitness equipment and subscriptions under brands including iFIT and NordicTrack, has filed for an IPO on September 1 but had not determined the number of shares it planned to sell or the price range.</p><p><blockquote>该公司以iFIT和NordicTrack等品牌销售联网健身设备和订阅，已于9月1日申请IPO，但尚未确定计划出售的股票数量或价格范围。</blockquote></p><p> In the updated filing, IFit Health &amp; Fitness said it plans to offer 30,769,231 shares of its Class A common stock. iFIT also expects to grant the underwriters a 30-day option to purchase an additional 4,615,384 shares of Class A common stock at the IPO price, less underwriting discounts and commissions.</p><p><blockquote>在更新的文件中，IFit Health&amp;Fitness表示，计划发行30,769,231股A类普通股。iFIT还预计将授予承销商30天的选择权，以IPO价格（减去承销折扣和佣金）额外购买4,615,384股A类普通股。</blockquote></p><p> The IPO price is expected to be between $18.00 and $21.00 per share.</p><p><blockquote>IPO价格预计在每股18.00美元至21.00美元之间。</blockquote></p><p> IFit, founded in 1977, booked $1.7 billion in sales for the 12 months ended May 31, 2021, up 104.9 percent from $851.7 million in fiscal 2020. In fiscal 2019, sales were $700.0 million. The company generated a net income of $56.6 million during fiscal 2019 with a net loss of $98.5 million and $516.7 million during fiscal 2020 and 2021, respectively.</p><p><blockquote>IFit成立于1977年，截至2021年5月31日的12个月销售额为17亿美元，比2020财年的8.517亿美元增长104.9%。2019财年，销售额为7亿美元。该公司2019财年净利润为5660万美元，2020财年和2021财年净亏损分别为9850万美元和5.167亿美元。</blockquote></p><p> Proceeds from the offering will be used for general corporate purposes and to make a $35.0 million bonus payment to the co-founder and CEO Scott R. Watterson.</p><p><blockquote>此次发行的收益将用于一般公司用途，并向联合创始人兼首席执行官Scott R.Watterson支付3500万美元的奖金。</blockquote></p><p> The shares are expected to trade on the Nasdaq Global Select Market under the symbol “IFIT.”</p><p><blockquote>该股票预计将在纳斯达克全球精选市场交易，代码为“IFIT”。</blockquote></p><p> Morgan Stanley, BofA Securities and Barclays are acting as lead book-running managers for the proposed offering. Citigroup, Credit Suisse Securities (USA) LLC, Jefferies LLC and RW Baird &amp; Co. Inc. are acting as book-running managers and Cowen and Company, LLC, JMP Securities LLC, Raymond James &amp; Associates, Inc., Truist Securities, Inc., William Blair &amp; Company, LLC., Telsey Advisory Group, LLC., AmeriVet Securities, Inc., Blaylock Van, LLC., Loop Capital Markets, LLC., and Siebert Williams Shank &amp; Co., LLC. are acting as co-managers for the proposed offering.</p><p><blockquote>摩根士丹利、美国银行证券和巴克莱银行担任此次拟议发行的牵头账簿管理人。花旗集团、瑞士瑞信银行证券（美国）有限责任公司、杰富瑞有限责任公司和RW Baird&amp;Co.Inc.担任簿记管理人，Cowen and Company，LLC、JMP证券有限责任公司、Raymond James&amp;Associates，Inc.、Truist Securities，Inc.、William Blair&amp;Company，LLC。特尔西咨询集团有限责任公司。、AmeriVet证券公司、Blaylock Van有限责任公司。、Loop资本市场有限责任公司。和Siebert Williams Shank&amp;Co.，LLC。是拟议发行的联席经理。</blockquote></p><p></p>","source":"lsy1632798041004","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>IFit Health & Fitness Seeks $6.6 Billion Valuation In IPO<blockquote>IFit Health&amp;Fitness寻求IPO估值66亿美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIFit Health & Fitness Seeks $6.6 Billion Valuation In IPO<blockquote>IFit Health&amp;Fitness寻求IPO估值66亿美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">sgbonline</strong><span class=\"h-time small\">2021-09-28 11:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>IFit Health &amp; Fitness&nbsp;is looking to raise as much as $646.15 million through a U.S. initial public offering, valuing the company at $6.61 billion, according to a regulatory filing with the Securities &amp; Exchange Commission.</p><p><blockquote>根据向美国证券交易委员会提交的监管文件，IFit Health&amp;Fitness希望通过美国首次公开募股筹集高达6.4615亿美元的资金，该公司估值为66.1亿美元。</blockquote></p><p> The company, which sells connected fitness equipment and subscriptions under brands including iFIT and NordicTrack, has filed for an IPO on September 1 but had not determined the number of shares it planned to sell or the price range.</p><p><blockquote>该公司以iFIT和NordicTrack等品牌销售联网健身设备和订阅，已于9月1日申请IPO，但尚未确定计划出售的股票数量或价格范围。</blockquote></p><p> In the updated filing, IFit Health &amp; Fitness said it plans to offer 30,769,231 shares of its Class A common stock. iFIT also expects to grant the underwriters a 30-day option to purchase an additional 4,615,384 shares of Class A common stock at the IPO price, less underwriting discounts and commissions.</p><p><blockquote>在更新的文件中，IFit Health&amp;Fitness表示，计划发行30,769,231股A类普通股。iFIT还预计将授予承销商30天的选择权，以IPO价格（减去承销折扣和佣金）额外购买4,615,384股A类普通股。</blockquote></p><p> The IPO price is expected to be between $18.00 and $21.00 per share.</p><p><blockquote>IPO价格预计在每股18.00美元至21.00美元之间。</blockquote></p><p> IFit, founded in 1977, booked $1.7 billion in sales for the 12 months ended May 31, 2021, up 104.9 percent from $851.7 million in fiscal 2020. In fiscal 2019, sales were $700.0 million. The company generated a net income of $56.6 million during fiscal 2019 with a net loss of $98.5 million and $516.7 million during fiscal 2020 and 2021, respectively.</p><p><blockquote>IFit成立于1977年，截至2021年5月31日的12个月销售额为17亿美元，比2020财年的8.517亿美元增长104.9%。2019财年，销售额为7亿美元。该公司2019财年净利润为5660万美元，2020财年和2021财年净亏损分别为9850万美元和5.167亿美元。</blockquote></p><p> Proceeds from the offering will be used for general corporate purposes and to make a $35.0 million bonus payment to the co-founder and CEO Scott R. Watterson.</p><p><blockquote>此次发行的收益将用于一般公司用途，并向联合创始人兼首席执行官Scott R.Watterson支付3500万美元的奖金。</blockquote></p><p> The shares are expected to trade on the Nasdaq Global Select Market under the symbol “IFIT.”</p><p><blockquote>该股票预计将在纳斯达克全球精选市场交易，代码为“IFIT”。</blockquote></p><p> Morgan Stanley, BofA Securities and Barclays are acting as lead book-running managers for the proposed offering. Citigroup, Credit Suisse Securities (USA) LLC, Jefferies LLC and RW Baird &amp; Co. Inc. are acting as book-running managers and Cowen and Company, LLC, JMP Securities LLC, Raymond James &amp; Associates, Inc., Truist Securities, Inc., William Blair &amp; Company, LLC., Telsey Advisory Group, LLC., AmeriVet Securities, Inc., Blaylock Van, LLC., Loop Capital Markets, LLC., and Siebert Williams Shank &amp; Co., LLC. are acting as co-managers for the proposed offering.</p><p><blockquote>摩根士丹利、美国银行证券和巴克莱银行担任此次拟议发行的牵头账簿管理人。花旗集团、瑞士瑞信银行证券（美国）有限责任公司、杰富瑞有限责任公司和RW Baird&amp;Co.Inc.担任簿记管理人，Cowen and Company，LLC、JMP证券有限责任公司、Raymond James&amp;Associates，Inc.、Truist Securities，Inc.、William Blair&amp;Company，LLC。特尔西咨询集团有限责任公司。、AmeriVet证券公司、Blaylock Van有限责任公司。、Loop资本市场有限责任公司。和Siebert Williams Shank&amp;Co.，LLC。是拟议发行的联席经理。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://sgbonline.com/ifit-health-fitness-seeking-6-6-billion-valuation-in-ipo/\">sgbonline</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://sgbonline.com/ifit-health-fitness-seeking-6-6-billion-valuation-in-ipo/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173876760","content_text":"IFit Health & Fitness is looking to raise as much as $646.15 million through a U.S. initial public offering, valuing the company at $6.61 billion, according to a regulatory filing with the Securities & Exchange Commission.\nThe company, which sells connected fitness equipment and subscriptions under brands including iFIT and NordicTrack, has filed for an IPO on September 1 but had not determined the number of shares it planned to sell or the price range.\nIn the updated filing, IFit Health & Fitness said it plans to offer 30,769,231 shares of its Class A common stock. iFIT also expects to grant the underwriters a 30-day option to purchase an additional 4,615,384 shares of Class A common stock at the IPO price, less underwriting discounts and commissions.\nThe IPO price is expected to be between $18.00 and $21.00 per share.\nIFit, founded in 1977, booked $1.7 billion in sales for the 12 months ended May 31, 2021, up 104.9 percent from $851.7 million in fiscal 2020. In fiscal 2019, sales were $700.0 million. The company generated a net income of $56.6 million during fiscal 2019 with a net loss of $98.5 million and $516.7 million during fiscal 2020 and 2021, respectively.\nProceeds from the offering will be used for general corporate purposes and to make a $35.0 million bonus payment to the co-founder and CEO Scott R. Watterson.\nThe shares are expected to trade on the Nasdaq Global Select Market under the symbol “IFIT.”\nMorgan Stanley, BofA Securities and Barclays are acting as lead book-running managers for the proposed offering. Citigroup, Credit Suisse Securities (USA) LLC, Jefferies LLC and RW Baird & Co. Inc. are acting as book-running managers and Cowen and Company, LLC, JMP Securities LLC, Raymond James & Associates, Inc., Truist Securities, Inc., William Blair & Company, LLC., Telsey Advisory Group, LLC., AmeriVet Securities, Inc., Blaylock Van, LLC., Loop Capital Markets, LLC., and Siebert Williams Shank & Co., LLC. are acting as co-managers for the proposed 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23:18","market":"us","language":"en","title":"Coupa Shares Extend Losses After Post-Analyst Day Selloff<blockquote>分析师日抛售后，Coupa股价扩大跌幅</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1169536573","media":"Thestreet","summary":"Coupa Software traded lower for a second day Friday, extending Thursday's near 10% loss, as analysts reassessed their outlooks for the financial management software company following a disappointing analyst day event.Coupa hosted a virtual analyst day on Thursday, when the platform provider shared additional detail about its Coupa Pay service, and also provided an update on its longer-term prospects.Analysts honed in on the more conservative outlook provided by Coupa's management team as the lik","content":"<p>Coupa Software(<b>COUP</b>)&nbsp;traded lower for a second day Friday, extending Thursday's near 10% loss, as analysts reassessed their outlooks for the financial management software company following a disappointing analyst day event.</p><p><blockquote>Coupa软件（<b>COUP</b>）周五连续第二天走低，延续了周四近10%的跌幅，分析师在经历了令人失望的分析师日活动后重新评估了对这家财务管理软件公司的前景。</blockquote></p><p> Coupa hosted a virtual analyst day on Thursday, when the platform provider shared additional detail about its Coupa Pay service, and also provided an update on its longer-term prospects.</p><p><blockquote>Coupa周四举办了虚拟分析师日，该平台提供商分享了有关其Coupa Pay服务的更多细节，并提供了有关其长期前景的最新信息。</blockquote></p><p> Analysts honed in on the more conservative outlook provided by Coupa's management team as the likely reason behind Thursday's selloff, though were generally sanguine about the company's longer-term prospects, with Piper Sandler one of the the few Wall Street investment firms to lower its one-year price target.</p><p><blockquote>分析师们认为Coupa管理团队提供的更为保守的前景可能是周四抛售背后的原因，但他们普遍对该公司的长期前景持乐观态度，Piper Sandler是少数几家下调一年股价的华尔街投资公司之一。价格目标。</blockquote></p><p> Piper Sandler analysts also focused on lack of progress with Coupa Pay, noting that “… considering the necessary conservatism that is needed to continue the well-known beat and raise cadence, the set-up was always less than ideal.” They held their overweight rating on the stock though lowered their price target to $295 from $300.</p><p><blockquote>Piper Sandler分析师还关注了Coupa Pay缺乏进展的问题，并指出“……考虑到继续众所周知的节拍和提高节奏所需的必要保守主义，这种设置总是不太理想。”他们维持对该股的跑赢大盘评级，但将目标价从300美元下调至295美元。</blockquote></p><p> Truist Securities was slightly more upbeat, though admitted investors “could have been disappointed by either what they heard from an attach rate perspective on Coupa Pay or potentially were disappointed that it’s likely a multi-year time line before Coupa Pay really moves the needle.” They held their buy rating and price target of $326.</p><p><blockquote>Truist Securities稍微乐观一些，尽管承认投资者“可能会对他们从Coupa Pay的附加利率角度听到的消息感到失望，或者可能会对Coupa Pay真正发挥作用可能需要多年时间线感到失望。”他们维持买入评级和326美元的目标价。</blockquote></p><p> Barclays analysts noted that while Coupa couldn’t meet “the very high expectations from the Street” for its Coupa Pay service it is maintaining its positive outlook. The investment bank held its equal weight rating on the shares and one-year price target of $250.</p><p><blockquote>巴克莱分析师指出，虽然Coupa无法满足“华尔街对其Coupa Pay服务的极高期望”，但它仍保持积极的前景。该投资银行维持该股等权重评级，一年目标价为250美元。</blockquote></p><p> Coupa shares plunged last monthafter the companyprovided a tepid forecastthat raised questions about its pace of billings growth.&nbsp;A number of analysts cut their price targets on the San Mateo, Calif., based company at the time, even after it reported a surprise profit and better-than-expected revenue forecasts.</p><p><blockquote>上个月，Coupa股价暴跌，此前该公司提供了一份不温不火的预测，引发了人们对其账单增长速度的质疑。当时，许多分析师下调了这家总部位于加州圣马特奥的公司的目标价，尽管该公司公布了意外的利润和好于预期的收入预测。</blockquote></p><p> At last check, Coupa shares were down 2.24% at $221.04. The stock has fallen 32.7% year to date.</p><p><blockquote>据上次检查，Coupa股价下跌2.24%，至221.04美元。该股今年迄今已下跌32.7%。</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>Coupa Shares Extend Losses After Post-Analyst Day Selloff<blockquote>分析师日抛售后，Coupa股价扩大跌幅</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\">\nCoupa Shares Extend Losses After Post-Analyst Day Selloff<blockquote>分析师日抛售后，Coupa股价扩大跌幅</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Thestreet</strong><span class=\"h-time small\">2021-07-16 23:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Coupa Software(<b>COUP</b>)&nbsp;traded lower for a second day Friday, extending Thursday's near 10% loss, as analysts reassessed their outlooks for the financial management software company following a disappointing analyst day event.</p><p><blockquote>Coupa软件（<b>COUP</b>）周五连续第二天走低，延续了周四近10%的跌幅，分析师在经历了令人失望的分析师日活动后重新评估了对这家财务管理软件公司的前景。</blockquote></p><p> Coupa hosted a virtual analyst day on Thursday, when the platform provider shared additional detail about its Coupa Pay service, and also provided an update on its longer-term prospects.</p><p><blockquote>Coupa周四举办了虚拟分析师日，该平台提供商分享了有关其Coupa Pay服务的更多细节，并提供了有关其长期前景的最新信息。</blockquote></p><p> Analysts honed in on the more conservative outlook provided by Coupa's management team as the likely reason behind Thursday's selloff, though were generally sanguine about the company's longer-term prospects, with Piper Sandler one of the the few Wall Street investment firms to lower its one-year price target.</p><p><blockquote>分析师们认为Coupa管理团队提供的更为保守的前景可能是周四抛售背后的原因，但他们普遍对该公司的长期前景持乐观态度，Piper Sandler是少数几家下调一年股价的华尔街投资公司之一。价格目标。</blockquote></p><p> Piper Sandler analysts also focused on lack of progress with Coupa Pay, noting that “… considering the necessary conservatism that is needed to continue the well-known beat and raise cadence, the set-up was always less than ideal.” They held their overweight rating on the stock though lowered their price target to $295 from $300.</p><p><blockquote>Piper Sandler分析师还关注了Coupa Pay缺乏进展的问题，并指出“……考虑到继续众所周知的节拍和提高节奏所需的必要保守主义，这种设置总是不太理想。”他们维持对该股的跑赢大盘评级，但将目标价从300美元下调至295美元。</blockquote></p><p> Truist Securities was slightly more upbeat, though admitted investors “could have been disappointed by either what they heard from an attach rate perspective on Coupa Pay or potentially were disappointed that it’s likely a multi-year time line before Coupa Pay really moves the needle.” They held their buy rating and price target of $326.</p><p><blockquote>Truist Securities稍微乐观一些，尽管承认投资者“可能会对他们从Coupa Pay的附加利率角度听到的消息感到失望，或者可能会对Coupa Pay真正发挥作用可能需要多年时间线感到失望。”他们维持买入评级和326美元的目标价。</blockquote></p><p> Barclays analysts noted that while Coupa couldn’t meet “the very high expectations from the Street” for its Coupa Pay service it is maintaining its positive outlook. The investment bank held its equal weight rating on the shares and one-year price target of $250.</p><p><blockquote>巴克莱分析师指出，虽然Coupa无法满足“华尔街对其Coupa Pay服务的极高期望”，但它仍保持积极的前景。该投资银行维持该股等权重评级，一年目标价为250美元。</blockquote></p><p> Coupa shares plunged last monthafter the companyprovided a tepid forecastthat raised questions about its pace of billings growth.&nbsp;A number of analysts cut their price targets on the San Mateo, Calif., based company at the time, even after it reported a surprise profit and better-than-expected revenue forecasts.</p><p><blockquote>上个月，Coupa股价暴跌，此前该公司提供了一份不温不火的预测，引发了人们对其账单增长速度的质疑。当时，许多分析师下调了这家总部位于加州圣马特奥的公司的目标价，尽管该公司公布了意外的利润和好于预期的收入预测。</blockquote></p><p> At last check, Coupa shares were down 2.24% at $221.04. The stock has fallen 32.7% year to date.</p><p><blockquote>据上次检查，Coupa股价下跌2.24%，至221.04美元。该股今年迄今已下跌32.7%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/coupa-software-coup-rebound-selloff-analysts\">Thestreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COUP":"Coupa Software Inc"},"source_url":"https://www.thestreet.com/investing/coupa-software-coup-rebound-selloff-analysts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169536573","content_text":"Coupa Software(COUP) traded lower for a second day Friday, extending Thursday's near 10% loss, as analysts reassessed their outlooks for the financial management software company following a disappointing analyst day event.\nCoupa hosted a virtual analyst day on Thursday, when the platform provider shared additional detail about its Coupa Pay service, and also provided an update on its longer-term prospects.\nAnalysts honed in on the more conservative outlook provided by Coupa's management team as the likely reason behind Thursday's selloff, though were generally sanguine about the company's longer-term prospects, with Piper Sandler one of the the few Wall Street investment firms to lower its one-year price target.\nPiper Sandler analysts also focused on lack of progress with Coupa Pay, noting that “… considering the necessary conservatism that is needed to continue the well-known beat and raise cadence, the set-up was always less than ideal.” They held their overweight rating on the stock though lowered their price target to $295 from $300.\nTruist Securities was slightly more upbeat, though admitted investors “could have been disappointed by either what they heard from an attach rate perspective on Coupa Pay or potentially were disappointed that it’s likely a multi-year time line before Coupa Pay really moves the needle.” They held their buy rating and price target of $326.\nBarclays analysts noted that while Coupa couldn’t meet “the very high expectations from the Street” for its Coupa Pay service it is maintaining its positive outlook. The investment bank held its equal weight rating on the shares and one-year price target of $250.\nCoupa shares plunged last monthafter the companyprovided a tepid forecastthat raised questions about its pace of billings growth. A number of analysts cut their price targets on the San Mateo, Calif., based company at the time, even after it reported a surprise profit and better-than-expected revenue forecasts.\nAt last check, Coupa shares were down 2.24% at $221.04. The stock has fallen 32.7% year to date.","news_type":1,"symbols_score_info":{"COUP":0.9}},"isVote":1,"tweetType":1,"viewCount":96,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":867369176,"gmtCreate":1633217998906,"gmtModify":1633217999166,"author":{"id":"3578467063156657","authorId":"3578467063156657","name":"pianhua","avatar":"https://static.tigerbbs.com/5fe016149cfce241ec0da0576393d835","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578467063156657","idStr":"3578467063156657"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/867369176","repostId":"2172964582","repostType":4,"isVote":1,"tweetType":1,"viewCount":392,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":141577767,"gmtCreate":1625883271759,"gmtModify":1633936429695,"author":{"id":"3578467063156657","authorId":"3578467063156657","name":"pianhua","avatar":"https://static.tigerbbs.com/5fe016149cfce241ec0da0576393d835","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578467063156657","idStr":"3578467063156657"},"themes":[],"htmlText":"Please comment&nbsp;","listText":"Please comment&nbsp;","text":"Please comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/141577767","repostId":"1195812364","repostType":4,"repost":{"id":"1195812364","kind":"news","pubTimestamp":1625875523,"share":"https://www.laohu8.com/m/news/1195812364?lang=zh_CN&edition=full","pubTime":"2021-07-10 08:05","market":"us","language":"en","title":"US IPO Week Ahead: Real estate, post-pandemic plays and more in an 9 IPO week<blockquote>美国IPO周：9周IPO中的房地产、大流行后的游戏等</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1195812364","media":"Renaissance Capital","summary":"Italian drug container supplier Stevanato Group plans to raise $900 million at a $6.8 billion market cap. Controlled by its founding family, the profitable company supplies glass vials, syringes, and other medical-grade containers to more than 700 customers, including 41 of the top 50 pharmaceutical companies.Shopping center REIT Phillips Edison & Company plans to raise $502 million at a $3.7 billion market cap. This REIT owns equity interests in 300 shopping centers across the US, focusing on l","content":"<p>After a slow holiday week, nine IPOs are scheduled to raise over $3 billion in the week ahead.</p><p><blockquote>在经历了一周的缓慢假期后，未来一周将有9起IPO筹集超过30亿美元的资金。</blockquote></p><p> Italian drug container supplier&nbsp;<b>Stevanato Group</b>(STVN) plans to raise $900 million at a $6.8 billion market cap. Controlled by its founding family, the profitable company supplies glass vials, syringes, and other medical-grade containers to more than 700 customers, including 41 of the top 50 pharmaceutical companies.</p><p><blockquote>意大利药品容器供应商<b>Stevanato集团</b>(STVN)计划以68亿美元的市值筹集9亿美元。这家盈利的公司由其创始家族控制，向700多家客户供应玻璃瓶、注射器和其他医疗级容器，其中包括排名前50的制药公司中的41家。</blockquote></p><p> Shopping center REIT&nbsp;<b>Phillips Edison &amp; Company</b>(PECO) plans to raise $502 million at a $3.7 billion market cap. This REIT owns equity interests in 300 shopping centers across the US, focusing on locations that are anchored by grocers like Kroger and Public. It targets a 3.5% annualized yield at the midpoint.</p><p><blockquote>购物中心房地产投资信托基金<b>菲利普斯爱迪生公司</b>(PECO)计划以37亿美元的市值筹集5.02亿美元。该房地产投资信托基金拥有美国300家购物中心的股权，重点关注Kroger和Public等杂货商入驻的地点。它的中点年化收益率目标为3.5%。</blockquote></p><p> Known for its member-only luxury hotel brand Soho House,<b>Membership Collective Group</b>(MCG) plans to raise $450 at a $3.2 billion market cap. The company boasts a large and loyal member base, though it has no track record of profitability and saw revenue fall by almost half in the 1Q21.</p><p><blockquote>以会员专属豪华酒店品牌Soho House而闻名，<b>会员集体组</b>(MCG)计划以32亿美元的市值筹集450美元。该公司拥有庞大而忠诚的会员基础，尽管它没有盈利记录，而且在2021年第一季度的收入下降了近一半。</blockquote></p><p> Mark Wahlberg-backed fitness franchise&nbsp;<b>F45 Training</b>(FXLV) plans to raise $325 million at a $1.5 billion market cap. Specializing in 45-minute workouts, F45 has over 1,500 studios worldwide. The company managed a 37% EBITDA in the trailing 12 months, though the company’s expected post-pandemic growth has yet to show through in the numbers.</p><p><blockquote>马克·沃尔伯格支持的健身特许经营权<b>F45训练</b>(FXLV)计划以15亿美元的市值筹集3.25亿美元。F45专注于45分钟的锻炼，在全球拥有1500多个工作室。该公司在过去12个月中实现了37%的EBITDA，尽管该公司预期的大流行后增长尚未在数字中体现出来。</blockquote></p><p> Mortgage software provider&nbsp;<b>Blend Labs</b>(BLND) plans to raise $340 million at a $4.5 billion market cap. Blend Labs provides a digital platform to financial services firms that improves the consumer experience when applying for mortgages and loans. Despite doubling revenue in 2020, the core software business is highly unprofitable due to R&amp;D and S&amp;M spend.</p><p><blockquote>抵押贷款软件提供商<b>混合实验室</b>(BLND)计划以45亿美元的市值筹集3.4亿美元。Blend Labs为金融服务公司提供了一个数字平台，改善了消费者申请抵押贷款和贷款时的体验。尽管2020年收入翻了一番，但由于研发和S&amp;M支出，核心软件业务非常无利可图。</blockquote></p><p> <b>Bridge Investment Group</b>(BRDG) plans to raise $300 million at a $1.8 billion market cap. This investment manager specializes in real estate equity and debt across multiple sectors. As of 3/31/2021, Bridge Investment Group has approximately $26 billion of AUM with more than 6,500 individual investors across 25 investment vehicles.</p><p><blockquote><b>桥梁投资集团</b>(BRDG)计划以18亿美元的市值筹集3亿美元。这位投资经理专门从事多个行业的房地产股权和债务。截至2021年3月31日，桥梁投资集团拥有约260亿美元的AUM，在25个投资工具中拥有超过6,500名个人投资者。</blockquote></p><p> Ocular medical device provider&nbsp;<b>Sight Sciences</b>(SGHT) plans to raise $150 million at a $1 billion market cap. The company develops and sells medical and surgical devices that present new treatment options for eye diseases. The highly unprofitable company showed signs of re-accelerating growth in the 1Q21 (+32%) after the pandemic delayed elective procedures in 2020.</p><p><blockquote>眼科医疗器械供应商<b>视觉科学</b>(SGHT)计划以10亿美元的市值筹集1.5亿美元。该公司开发和销售医疗和手术设备，为眼病提供新的治疗选择。在疫情推迟了2020年的选择性手术后，这家高度无利可图的公司在2021年第一季度显示出重新加速增长的迹象（+32%）。</blockquote></p><p> Pregnancy diagnostics company&nbsp;<b>Sera Prognostics</b>(SERA) plans to raise $75 million at a $564 million market cap. The company uses its proteomics and bioinformatics platform to develop biomarker tests aimed at improving pregnancy outcomes. Sera Prognostics’ sole commercial product, the PreTRM test, predicts the risk of a premature delivery, though it has yet to generate meaningful revenue.</p><p><blockquote>妊娠诊断公司<b>血清预后</b>(SERA)计划以5.64亿美元的市值筹集7500万美元。该公司利用其蛋白质组学和生物信息学平台开发旨在改善妊娠结局的生物标志物测试。Sera Prognostics唯一的商业产品PreTRM测试可以预测早产的风险，尽管它尚未产生有意义的收入。</blockquote></p><p> A hold-over from last week, early-stage kidney disease biotech&nbsp;<b>Unicycive Therapeutics</b>(UNCY) plans to raise $25 million at a $79 million market cap.</p><p><blockquote>上周的延期，早期肾病生物技术<b>单环疗法</b>(UNCY)计划以7900万美元的市值筹集2500万美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ad3dc9b07583a28aad047e44802c899e\" tg-width=\"942\" tg-height=\"732\"></p><p><blockquote></blockquote></p><p> <b>IPO Market Snapshot</b></p><p><blockquote><b>IPO市场快照</b></blockquote></p><p> The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 7/8/21, the Renaissance IPO Index was down 0.8% year-to-date, while the S&amp;P 500 was up 15.0%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 5.2% year-to-date, while the ACWX was up 7.3%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Smoore International and EQT Partners.</p><p><blockquote>文艺复兴IPO指数是新上市公司的市值加权篮子。截至2011年7月8日，文艺复兴IPO指数今年迄今下跌0.8%，而标普500上涨15.0%。Renaissance Capital的IPO ETF（纽约证券交易所股票代码：IPO）跟踪该指数，持有的顶级ETF包括Snowflake（SNOW）和Palantir Technologies（PLTR）。Renaissance International IPO指数今年迄今下跌5.2%，而ACWX指数上涨7.3%。Renaissance Capital的国际IPO ETF（纽约证券交易所股票代码：IPOS）跟踪该指数，持有的顶级ETF包括思摩尔国际和殷拓合伙人。</blockquote></p><p></p>","source":"lsy1603787993745","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>US IPO Week Ahead: Real estate, post-pandemic plays and more in an 9 IPO week<blockquote>美国IPO周：9周IPO中的房地产、大流行后的游戏等</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\">\nUS IPO Week Ahead: Real estate, post-pandemic plays and more in an 9 IPO week<blockquote>美国IPO周：9周IPO中的房地产、大流行后的游戏等</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Renaissance Capital</strong><span class=\"h-time small\">2021-07-10 08:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After a slow holiday week, nine IPOs are scheduled to raise over $3 billion in the week ahead.</p><p><blockquote>在经历了一周的缓慢假期后，未来一周将有9起IPO筹集超过30亿美元的资金。</blockquote></p><p> Italian drug container supplier&nbsp;<b>Stevanato Group</b>(STVN) plans to raise $900 million at a $6.8 billion market cap. Controlled by its founding family, the profitable company supplies glass vials, syringes, and other medical-grade containers to more than 700 customers, including 41 of the top 50 pharmaceutical companies.</p><p><blockquote>意大利药品容器供应商<b>Stevanato集团</b>(STVN)计划以68亿美元的市值筹集9亿美元。这家盈利的公司由其创始家族控制，向700多家客户供应玻璃瓶、注射器和其他医疗级容器，其中包括排名前50的制药公司中的41家。</blockquote></p><p> Shopping center REIT&nbsp;<b>Phillips Edison &amp; Company</b>(PECO) plans to raise $502 million at a $3.7 billion market cap. This REIT owns equity interests in 300 shopping centers across the US, focusing on locations that are anchored by grocers like Kroger and Public. It targets a 3.5% annualized yield at the midpoint.</p><p><blockquote>购物中心房地产投资信托基金<b>菲利普斯爱迪生公司</b>(PECO)计划以37亿美元的市值筹集5.02亿美元。该房地产投资信托基金拥有美国300家购物中心的股权，重点关注Kroger和Public等杂货商入驻的地点。它的中点年化收益率目标为3.5%。</blockquote></p><p> Known for its member-only luxury hotel brand Soho House,<b>Membership Collective Group</b>(MCG) plans to raise $450 at a $3.2 billion market cap. The company boasts a large and loyal member base, though it has no track record of profitability and saw revenue fall by almost half in the 1Q21.</p><p><blockquote>以会员专属豪华酒店品牌Soho House而闻名，<b>会员集体组</b>(MCG)计划以32亿美元的市值筹集450美元。该公司拥有庞大而忠诚的会员基础，尽管它没有盈利记录，而且在2021年第一季度的收入下降了近一半。</blockquote></p><p> Mark Wahlberg-backed fitness franchise&nbsp;<b>F45 Training</b>(FXLV) plans to raise $325 million at a $1.5 billion market cap. Specializing in 45-minute workouts, F45 has over 1,500 studios worldwide. The company managed a 37% EBITDA in the trailing 12 months, though the company’s expected post-pandemic growth has yet to show through in the numbers.</p><p><blockquote>马克·沃尔伯格支持的健身特许经营权<b>F45训练</b>(FXLV)计划以15亿美元的市值筹集3.25亿美元。F45专注于45分钟的锻炼，在全球拥有1500多个工作室。该公司在过去12个月中实现了37%的EBITDA，尽管该公司预期的大流行后增长尚未在数字中体现出来。</blockquote></p><p> Mortgage software provider&nbsp;<b>Blend Labs</b>(BLND) plans to raise $340 million at a $4.5 billion market cap. Blend Labs provides a digital platform to financial services firms that improves the consumer experience when applying for mortgages and loans. Despite doubling revenue in 2020, the core software business is highly unprofitable due to R&amp;D and S&amp;M spend.</p><p><blockquote>抵押贷款软件提供商<b>混合实验室</b>(BLND)计划以45亿美元的市值筹集3.4亿美元。Blend Labs为金融服务公司提供了一个数字平台，改善了消费者申请抵押贷款和贷款时的体验。尽管2020年收入翻了一番，但由于研发和S&amp;M支出，核心软件业务非常无利可图。</blockquote></p><p> <b>Bridge Investment Group</b>(BRDG) plans to raise $300 million at a $1.8 billion market cap. This investment manager specializes in real estate equity and debt across multiple sectors. As of 3/31/2021, Bridge Investment Group has approximately $26 billion of AUM with more than 6,500 individual investors across 25 investment vehicles.</p><p><blockquote><b>桥梁投资集团</b>(BRDG)计划以18亿美元的市值筹集3亿美元。这位投资经理专门从事多个行业的房地产股权和债务。截至2021年3月31日，桥梁投资集团拥有约260亿美元的AUM，在25个投资工具中拥有超过6,500名个人投资者。</blockquote></p><p> Ocular medical device provider&nbsp;<b>Sight Sciences</b>(SGHT) plans to raise $150 million at a $1 billion market cap. The company develops and sells medical and surgical devices that present new treatment options for eye diseases. The highly unprofitable company showed signs of re-accelerating growth in the 1Q21 (+32%) after the pandemic delayed elective procedures in 2020.</p><p><blockquote>眼科医疗器械供应商<b>视觉科学</b>(SGHT)计划以10亿美元的市值筹集1.5亿美元。该公司开发和销售医疗和手术设备，为眼病提供新的治疗选择。在疫情推迟了2020年的选择性手术后，这家高度无利可图的公司在2021年第一季度显示出重新加速增长的迹象（+32%）。</blockquote></p><p> Pregnancy diagnostics company&nbsp;<b>Sera Prognostics</b>(SERA) plans to raise $75 million at a $564 million market cap. The company uses its proteomics and bioinformatics platform to develop biomarker tests aimed at improving pregnancy outcomes. Sera Prognostics’ sole commercial product, the PreTRM test, predicts the risk of a premature delivery, though it has yet to generate meaningful revenue.</p><p><blockquote>妊娠诊断公司<b>血清预后</b>(SERA)计划以5.64亿美元的市值筹集7500万美元。该公司利用其蛋白质组学和生物信息学平台开发旨在改善妊娠结局的生物标志物测试。Sera Prognostics唯一的商业产品PreTRM测试可以预测早产的风险，尽管它尚未产生有意义的收入。</blockquote></p><p> A hold-over from last week, early-stage kidney disease biotech&nbsp;<b>Unicycive Therapeutics</b>(UNCY) plans to raise $25 million at a $79 million market cap.</p><p><blockquote>上周的延期，早期肾病生物技术<b>单环疗法</b>(UNCY)计划以7900万美元的市值筹集2500万美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ad3dc9b07583a28aad047e44802c899e\" tg-width=\"942\" tg-height=\"732\"></p><p><blockquote></blockquote></p><p> <b>IPO Market Snapshot</b></p><p><blockquote><b>IPO市场快照</b></blockquote></p><p> The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 7/8/21, the Renaissance IPO Index was down 0.8% year-to-date, while the S&amp;P 500 was up 15.0%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 5.2% year-to-date, while the ACWX was up 7.3%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Smoore International and EQT Partners.</p><p><blockquote>文艺复兴IPO指数是新上市公司的市值加权篮子。截至2011年7月8日，文艺复兴IPO指数今年迄今下跌0.8%，而标普500上涨15.0%。Renaissance Capital的IPO ETF（纽约证券交易所股票代码：IPO）跟踪该指数，持有的顶级ETF包括Snowflake（SNOW）和Palantir Technologies（PLTR）。Renaissance International IPO指数今年迄今下跌5.2%，而ACWX指数上涨7.3%。Renaissance Capital的国际IPO ETF（纽约证券交易所股票代码：IPOS）跟踪该指数，持有的顶级ETF包括思摩尔国际和殷拓合伙人。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.renaissancecapital.com/IPO-Center/News/83879/US-IPO-Week-Ahead-Real-estate-post-pandemic-plays-and-more-in-an-9-IPO-week\">Renaissance Capital</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SGHT":"Sight Sciences, Inc.","BLND":"Blend Labs, Inc.","BRDG":"Bridge Investment Group Holdings Inc.","SERA":"Sera Prognostics, Inc.",".IXIC":"NASDAQ Composite","PECO":"Phillips Edison & Company, Inc.","FXLV":"F45 Training Holdings Inc.",".SPX":"S&P 500 Index","STVN":"Stevanato Group S.p.A."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/83879/US-IPO-Week-Ahead-Real-estate-post-pandemic-plays-and-more-in-an-9-IPO-week","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195812364","content_text":"After a slow holiday week, nine IPOs are scheduled to raise over $3 billion in the week ahead.\nItalian drug container supplier Stevanato Group(STVN) plans to raise $900 million at a $6.8 billion market cap. Controlled by its founding family, the profitable company supplies glass vials, syringes, and other medical-grade containers to more than 700 customers, including 41 of the top 50 pharmaceutical companies.\nShopping center REIT Phillips Edison & Company(PECO) plans to raise $502 million at a $3.7 billion market cap. This REIT owns equity interests in 300 shopping centers across the US, focusing on locations that are anchored by grocers like Kroger and Public. It targets a 3.5% annualized yield at the midpoint.\nKnown for its member-only luxury hotel brand Soho House,Membership Collective Group(MCG) plans to raise $450 at a $3.2 billion market cap. The company boasts a large and loyal member base, though it has no track record of profitability and saw revenue fall by almost half in the 1Q21.\nMark Wahlberg-backed fitness franchise F45 Training(FXLV) plans to raise $325 million at a $1.5 billion market cap. Specializing in 45-minute workouts, F45 has over 1,500 studios worldwide. The company managed a 37% EBITDA in the trailing 12 months, though the company’s expected post-pandemic growth has yet to show through in the numbers.\nMortgage software provider Blend Labs(BLND) plans to raise $340 million at a $4.5 billion market cap. Blend Labs provides a digital platform to financial services firms that improves the consumer experience when applying for mortgages and loans. Despite doubling revenue in 2020, the core software business is highly unprofitable due to R&D and S&M spend.\nBridge Investment Group(BRDG) plans to raise $300 million at a $1.8 billion market cap. This investment manager specializes in real estate equity and debt across multiple sectors. As of 3/31/2021, Bridge Investment Group has approximately $26 billion of AUM with more than 6,500 individual investors across 25 investment vehicles.\nOcular medical device provider Sight Sciences(SGHT) plans to raise $150 million at a $1 billion market cap. The company develops and sells medical and surgical devices that present new treatment options for eye diseases. The highly unprofitable company showed signs of re-accelerating growth in the 1Q21 (+32%) after the pandemic delayed elective procedures in 2020.\nPregnancy diagnostics company Sera Prognostics(SERA) plans to raise $75 million at a $564 million market cap. The company uses its proteomics and bioinformatics platform to develop biomarker tests aimed at improving pregnancy outcomes. Sera Prognostics’ sole commercial product, the PreTRM test, predicts the risk of a premature delivery, though it has yet to generate meaningful revenue.\nA hold-over from last week, early-stage kidney disease biotech Unicycive Therapeutics(UNCY) plans to raise $25 million at a $79 million market cap.\n\nIPO Market Snapshot\nThe Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 7/8/21, the Renaissance IPO Index was down 0.8% year-to-date, while the S&P 500 was up 15.0%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 5.2% year-to-date, while the ACWX was up 7.3%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Smoore International and EQT Partners.","news_type":1,"symbols_score_info":{".IXIC":0.9,"BRDG":0.9,"BLND":0.9,".DJI":0.9,"STVN":0.9,"MCG":0.9,"SERA":0.9,"SGHT":0.9,"PECO":0.9,".SPX":0.9,"FXLV":0.9}},"isVote":1,"tweetType":1,"viewCount":166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":866458307,"gmtCreate":1632799216909,"gmtModify":1632799216995,"author":{"id":"3578467063156657","authorId":"3578467063156657","name":"pianhua","avatar":"https://static.tigerbbs.com/5fe016149cfce241ec0da0576393d835","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578467063156657","idStr":"3578467063156657"},"themes":[],"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/866458307","repostId":"1173876760","repostType":4,"repost":{"id":"1173876760","kind":"news","pubTimestamp":1632798007,"share":"https://www.laohu8.com/m/news/1173876760?lang=zh_CN&edition=full","pubTime":"2021-09-28 11:00","market":"us","language":"en","title":"IFit Health & Fitness Seeks $6.6 Billion Valuation In IPO<blockquote>IFit Health&amp;Fitness寻求IPO估值66亿美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1173876760","media":"sgbonline","summary":"IFit Health & Fitness is looking to raise as much as $646.15 million through a U.S. initial public o","content":"<p>IFit Health &amp; Fitness&nbsp;is looking to raise as much as $646.15 million through a U.S. initial public offering, valuing the company at $6.61 billion, according to a regulatory filing with the Securities &amp; Exchange Commission.</p><p><blockquote>根据向美国证券交易委员会提交的监管文件，IFit Health&amp;Fitness希望通过美国首次公开募股筹集高达6.4615亿美元的资金，该公司估值为66.1亿美元。</blockquote></p><p> The company, which sells connected fitness equipment and subscriptions under brands including iFIT and NordicTrack, has filed for an IPO on September 1 but had not determined the number of shares it planned to sell or the price range.</p><p><blockquote>该公司以iFIT和NordicTrack等品牌销售联网健身设备和订阅，已于9月1日申请IPO，但尚未确定计划出售的股票数量或价格范围。</blockquote></p><p> In the updated filing, IFit Health &amp; Fitness said it plans to offer 30,769,231 shares of its Class A common stock. iFIT also expects to grant the underwriters a 30-day option to purchase an additional 4,615,384 shares of Class A common stock at the IPO price, less underwriting discounts and commissions.</p><p><blockquote>在更新的文件中，IFit Health&amp;Fitness表示，计划发行30,769,231股A类普通股。iFIT还预计将授予承销商30天的选择权，以IPO价格（减去承销折扣和佣金）额外购买4,615,384股A类普通股。</blockquote></p><p> The IPO price is expected to be between $18.00 and $21.00 per share.</p><p><blockquote>IPO价格预计在每股18.00美元至21.00美元之间。</blockquote></p><p> IFit, founded in 1977, booked $1.7 billion in sales for the 12 months ended May 31, 2021, up 104.9 percent from $851.7 million in fiscal 2020. In fiscal 2019, sales were $700.0 million. The company generated a net income of $56.6 million during fiscal 2019 with a net loss of $98.5 million and $516.7 million during fiscal 2020 and 2021, respectively.</p><p><blockquote>IFit成立于1977年，截至2021年5月31日的12个月销售额为17亿美元，比2020财年的8.517亿美元增长104.9%。2019财年，销售额为7亿美元。该公司2019财年净利润为5660万美元，2020财年和2021财年净亏损分别为9850万美元和5.167亿美元。</blockquote></p><p> Proceeds from the offering will be used for general corporate purposes and to make a $35.0 million bonus payment to the co-founder and CEO Scott R. Watterson.</p><p><blockquote>此次发行的收益将用于一般公司用途，并向联合创始人兼首席执行官Scott R.Watterson支付3500万美元的奖金。</blockquote></p><p> The shares are expected to trade on the Nasdaq Global Select Market under the symbol “IFIT.”</p><p><blockquote>该股票预计将在纳斯达克全球精选市场交易，代码为“IFIT”。</blockquote></p><p> Morgan Stanley, BofA Securities and Barclays are acting as lead book-running managers for the proposed offering. Citigroup, Credit Suisse Securities (USA) LLC, Jefferies LLC and RW Baird &amp; Co. Inc. are acting as book-running managers and Cowen and Company, LLC, JMP Securities LLC, Raymond James &amp; Associates, Inc., Truist Securities, Inc., William Blair &amp; Company, LLC., Telsey Advisory Group, LLC., AmeriVet Securities, Inc., Blaylock Van, LLC., Loop Capital Markets, LLC., and Siebert Williams Shank &amp; Co., LLC. are acting as co-managers for the proposed offering.</p><p><blockquote>摩根士丹利、美国银行证券和巴克莱银行担任此次拟议发行的牵头账簿管理人。花旗集团、瑞士瑞信银行证券（美国）有限责任公司、杰富瑞有限责任公司和RW Baird&amp;Co.Inc.担任簿记管理人，Cowen and Company，LLC、JMP证券有限责任公司、Raymond James&amp;Associates，Inc.、Truist Securities，Inc.、William Blair&amp;Company，LLC。特尔西咨询集团有限责任公司。、AmeriVet证券公司、Blaylock Van有限责任公司。、Loop资本市场有限责任公司。和Siebert Williams Shank&amp;Co.，LLC。是拟议发行的联席经理。</blockquote></p><p></p>","source":"lsy1632798041004","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>IFit Health & Fitness Seeks $6.6 Billion Valuation In IPO<blockquote>IFit Health&amp;Fitness寻求IPO估值66亿美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIFit Health & Fitness Seeks $6.6 Billion Valuation In IPO<blockquote>IFit Health&amp;Fitness寻求IPO估值66亿美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">sgbonline</strong><span class=\"h-time small\">2021-09-28 11:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>IFit Health &amp; Fitness&nbsp;is looking to raise as much as $646.15 million through a U.S. initial public offering, valuing the company at $6.61 billion, according to a regulatory filing with the Securities &amp; Exchange Commission.</p><p><blockquote>根据向美国证券交易委员会提交的监管文件，IFit Health&amp;Fitness希望通过美国首次公开募股筹集高达6.4615亿美元的资金，该公司估值为66.1亿美元。</blockquote></p><p> The company, which sells connected fitness equipment and subscriptions under brands including iFIT and NordicTrack, has filed for an IPO on September 1 but had not determined the number of shares it planned to sell or the price range.</p><p><blockquote>该公司以iFIT和NordicTrack等品牌销售联网健身设备和订阅，已于9月1日申请IPO，但尚未确定计划出售的股票数量或价格范围。</blockquote></p><p> In the updated filing, IFit Health &amp; Fitness said it plans to offer 30,769,231 shares of its Class A common stock. iFIT also expects to grant the underwriters a 30-day option to purchase an additional 4,615,384 shares of Class A common stock at the IPO price, less underwriting discounts and commissions.</p><p><blockquote>在更新的文件中，IFit Health&amp;Fitness表示，计划发行30,769,231股A类普通股。iFIT还预计将授予承销商30天的选择权，以IPO价格（减去承销折扣和佣金）额外购买4,615,384股A类普通股。</blockquote></p><p> The IPO price is expected to be between $18.00 and $21.00 per share.</p><p><blockquote>IPO价格预计在每股18.00美元至21.00美元之间。</blockquote></p><p> IFit, founded in 1977, booked $1.7 billion in sales for the 12 months ended May 31, 2021, up 104.9 percent from $851.7 million in fiscal 2020. In fiscal 2019, sales were $700.0 million. The company generated a net income of $56.6 million during fiscal 2019 with a net loss of $98.5 million and $516.7 million during fiscal 2020 and 2021, respectively.</p><p><blockquote>IFit成立于1977年，截至2021年5月31日的12个月销售额为17亿美元，比2020财年的8.517亿美元增长104.9%。2019财年，销售额为7亿美元。该公司2019财年净利润为5660万美元，2020财年和2021财年净亏损分别为9850万美元和5.167亿美元。</blockquote></p><p> Proceeds from the offering will be used for general corporate purposes and to make a $35.0 million bonus payment to the co-founder and CEO Scott R. Watterson.</p><p><blockquote>此次发行的收益将用于一般公司用途，并向联合创始人兼首席执行官Scott R.Watterson支付3500万美元的奖金。</blockquote></p><p> The shares are expected to trade on the Nasdaq Global Select Market under the symbol “IFIT.”</p><p><blockquote>该股票预计将在纳斯达克全球精选市场交易，代码为“IFIT”。</blockquote></p><p> Morgan Stanley, BofA Securities and Barclays are acting as lead book-running managers for the proposed offering. Citigroup, Credit Suisse Securities (USA) LLC, Jefferies LLC and RW Baird &amp; Co. Inc. are acting as book-running managers and Cowen and Company, LLC, JMP Securities LLC, Raymond James &amp; Associates, Inc., Truist Securities, Inc., William Blair &amp; Company, LLC., Telsey Advisory Group, LLC., AmeriVet Securities, Inc., Blaylock Van, LLC., Loop Capital Markets, LLC., and Siebert Williams Shank &amp; Co., LLC. are acting as co-managers for the proposed offering.</p><p><blockquote>摩根士丹利、美国银行证券和巴克莱银行担任此次拟议发行的牵头账簿管理人。花旗集团、瑞士瑞信银行证券（美国）有限责任公司、杰富瑞有限责任公司和RW Baird&amp;Co.Inc.担任簿记管理人，Cowen and Company，LLC、JMP证券有限责任公司、Raymond James&amp;Associates，Inc.、Truist Securities，Inc.、William Blair&amp;Company，LLC。特尔西咨询集团有限责任公司。、AmeriVet证券公司、Blaylock Van有限责任公司。、Loop资本市场有限责任公司。和Siebert Williams Shank&amp;Co.，LLC。是拟议发行的联席经理。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://sgbonline.com/ifit-health-fitness-seeking-6-6-billion-valuation-in-ipo/\">sgbonline</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://sgbonline.com/ifit-health-fitness-seeking-6-6-billion-valuation-in-ipo/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173876760","content_text":"IFit Health & Fitness is looking to raise as much as $646.15 million through a U.S. initial public offering, valuing the company at $6.61 billion, according to a regulatory filing with the Securities & Exchange Commission.\nThe company, which sells connected fitness equipment and subscriptions under brands including iFIT and NordicTrack, has filed for an IPO on September 1 but had not determined the number of shares it planned to sell or the price range.\nIn the updated filing, IFit Health & Fitness said it plans to offer 30,769,231 shares of its Class A common stock. iFIT also expects to grant the underwriters a 30-day option to purchase an additional 4,615,384 shares of Class A common stock at the IPO price, less underwriting discounts and commissions.\nThe IPO price is expected to be between $18.00 and $21.00 per share.\nIFit, founded in 1977, booked $1.7 billion in sales for the 12 months ended May 31, 2021, up 104.9 percent from $851.7 million in fiscal 2020. In fiscal 2019, sales were $700.0 million. The company generated a net income of $56.6 million during fiscal 2019 with a net loss of $98.5 million and $516.7 million during fiscal 2020 and 2021, respectively.\nProceeds from the offering will be used for general corporate purposes and to make a $35.0 million bonus payment to the co-founder and CEO Scott R. Watterson.\nThe shares are expected to trade on the Nasdaq Global Select Market under the symbol “IFIT.”\nMorgan Stanley, BofA Securities and Barclays are acting as lead book-running managers for the proposed offering. Citigroup, Credit Suisse Securities (USA) LLC, Jefferies LLC and RW Baird & Co. Inc. are acting as book-running managers and Cowen and Company, LLC, JMP Securities LLC, Raymond James & Associates, Inc., Truist Securities, Inc., William Blair & Company, LLC., Telsey Advisory Group, LLC., AmeriVet Securities, Inc., Blaylock Van, LLC., Loop Capital Markets, LLC., and Siebert Williams Shank & Co., LLC. are acting as co-managers for the proposed offering.","news_type":1,"symbols_score_info":{"IFIT":0.9}},"isVote":1,"tweetType":1,"viewCount":359,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":137287478,"gmtCreate":1622351022594,"gmtModify":1634102107343,"author":{"id":"3578467063156657","authorId":"3578467063156657","name":"pianhua","avatar":"https://static.tigerbbs.com/5fe016149cfce241ec0da0576393d835","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578467063156657","idStr":"3578467063156657"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/137287478","repostId":"2138948877","repostType":4,"isVote":1,"tweetType":1,"viewCount":267,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176884343,"gmtCreate":1626876292782,"gmtModify":1633770196355,"author":{"id":"3578467063156657","authorId":"3578467063156657","name":"pianhua","avatar":"https://static.tigerbbs.com/5fe016149cfce241ec0da0576393d835","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578467063156657","idStr":"3578467063156657"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/176884343","repostId":"1107219983","repostType":4,"isVote":1,"tweetType":1,"viewCount":488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113682836,"gmtCreate":1622610697725,"gmtModify":1634099941508,"author":{"id":"3578467063156657","authorId":"3578467063156657","name":"pianhua","avatar":"https://static.tigerbbs.com/5fe016149cfce241ec0da0576393d835","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578467063156657","idStr":"3578467063156657"},"themes":[],"htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/113682836","repostId":"1106176005","repostType":4,"repost":{"id":"1106176005","kind":"news","pubTimestamp":1622588821,"share":"https://www.laohu8.com/m/news/1106176005?lang=zh_CN&edition=full","pubTime":"2021-06-02 07:07","market":"us","language":"en","title":"S&P 500 dips, as healthcare weighs; Dow ends higher<blockquote>随着医疗保健的压力，标普500下跌；道指收高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1106176005","media":"Reuters","summary":"The S&P 500dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.The S&P 500 financial sectorhit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector3.9%, its biggest $one$-day gain in nearly four months. The heavyweight tech sectorfell while the healthcare sectorwas dragged down by a weak profit forec","content":"<p>The S&amp;P 500(.SPX)dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.</p><p><blockquote>标普500(.SPX)周二下跌，医疗保健和科技股的下跌被能源和金融股的上涨所抵消，投资者权衡最新的美国经济数据是否有反弹和通胀上升的迹象。</blockquote></p><p>The S&amp;P 500 financial sector(.SPSY)hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector(.SPNY)3.9%, its biggest <a href=\"https://laohu8.com/S/AONE\">one</a>-day gain in nearly four months. The heavyweight tech sector(.SPLRCT)fell while the healthcare sector(.SPXHC)was dragged down by a weak profit forecast from <a href=\"https://laohu8.com/S/ABT\">Abbott Laboratories</a>(ABT.N).</p><p><blockquote>标普500金融板块(.SPSY)创历史新高，而燃料需求预期增长提振油价，并帮助提振能源板块(.SPNY)上涨3.9%，为最大<a href=\"https://laohu8.com/S/AONE\">一</a>-近四个月来的日涨幅。重量级科技板块(.SPLRCT)下跌，而医疗保健板块(.SPXHC)则受到来自<a href=\"https://laohu8.com/S/ABT\">雅培实验室</a>（N部）。</blockquote></p><p>Data showed U.S.manufacturing activity pickedup in May as pent-up demand in a reopening economy boosted orders. But unfinished work piled up because of shortages of raw materials and labor.</p><p><blockquote>数据显示，由于经济重新开放中被压抑的需求提振了订单，美国5月份制造业活动有所回升。但由于原材料和劳动力短缺，未完成的工作堆积起来。</blockquote></p><p>\"People came back from a holiday weekend convinced that the economy is recovering nicely and that any inflation that we might be seeing in labor and other costs is temporary,\" Peter Tuz, president of <a href=\"https://laohu8.com/S/CCF\">Chase</a> Investment Counsel in Charlottesville, Virginia.</p><p><blockquote>“人们从假期周末回来后确信经济正在良好复苏，我们可能在劳动力和其他成本方面看到的任何通胀都是暂时的，”<a href=\"https://laohu8.com/S/CCF\">追逐</a>弗吉尼亚州夏洛茨维尔的投资顾问。</blockquote></p><p>The Dow Jones Industrial Average(.DJI)rose 45.86 points, or 0.13%, to 34,575.31; the S&amp;P 500(.SPX)lost 2.07 points, or 0.05%, at 4,202.04; and the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> Composite(.IXIC)dropped 12.26 points, or 0.09%, to 13,736.48.</p><p><blockquote>道琼工业指数(.DJI)涨45.86点，或0.13%，报34,575.31；标普500(.SPX)下跌2.07点，或0.05%，报4,202.04点；和<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>综合指数(.IXIC)下跌12.26点，或0.09%，至13,736.48点。</blockquote></p><p>Along with sharp gains for financials and energy, the small-cap Russell 2000(.RUT)rose 1.1% on Tuesday, underscoring strength for segments of the stock market expected to do particularly well in an expanding economy.</p><p><blockquote>随着金融和能源股的大幅上涨，小盘股罗素2000指数(.RUT)周二上涨1.1%，突显了预计在经济扩张中表现尤其出色的股市板块的强势。</blockquote></p><p>While the S&amp;P 500 remains less than 1% of its record high after four straight months of gains, investors are worried about whether rising inflation could hit equity prices.</p><p><blockquote>尽管标普500在连续四个月上涨后仍不到历史高点的1%，但投资者担心通胀上升是否会打击股价。</blockquote></p><p>\"We have supply chain issues, delays, price increases, pricing pressures in general, we have got employers saying they have got difficulty sourcing labor,\" said Kristina Hooper, chief global market strategist at <a href=\"https://laohu8.com/S/IVZ\">Invesco</a> in <a href=\"https://laohu8.com/S/NWY\">New York</a>.</p><p><blockquote>首席全球市场策略师克里斯蒂娜·胡珀(Kristina Hooper)表示：“我们面临供应链问题、延误、价格上涨、总体定价压力，雇主表示他们很难找到劳动力。”<a href=\"https://laohu8.com/S/IVZ\">景顺</a>在<a href=\"https://laohu8.com/S/NWY\">纽约</a>.</blockquote></p><p>\"So this is a microcosm of what we are already hearing about and seeing in the overall economy and it's just a reminder that inflation remains a concern.\"</p><p><blockquote>“因此，这是我们在整体经济中已经听到和看到的情况的一个缩影，它只是提醒人们通货膨胀仍然是一个问题。”</blockquote></p><p>A Wall St. sign is seen near the <a href=\"https://laohu8.com/S/NYRT\">New York</a> Stock Exchange (NYSE) in <a href=\"https://laohu8.com/S/NGD\">New</a> York <a href=\"https://laohu8.com/S/CHCO\">City</a>, U.S., May 4, 2021. REUTERS/Brendan McDermid/File Photo</p><p><blockquote>附近可以看到华尔街的标志<a href=\"https://laohu8.com/S/NYRT\">纽约</a>纽约证券交易所<a href=\"https://laohu8.com/S/NGD\">新的</a>约克<a href=\"https://laohu8.com/S/CHCO\">城市</a>，美国，2021年5月4日。路透社/Brendan McDermid/资料照片</blockquote></p><p>Stock markets on Friday brushed off a surge inkey inflation readingsfor April following reassurances from Federal Reserve officials that the central bank’s ultra-loose monetary policy would remain in place.</p><p><blockquote>在美联储官员保证央行超宽松货币政策将继续实施后，周五股市没有出现四月份关键通胀数据的飙升。</blockquote></p><p>Minneapolis Federal Reserve Bank President Neel Kashkari and Fed Vice Chair for supervision Randal Quarles on Tuesday reiterated the view that higher prices would be transitory.</p><p><blockquote>明尼阿波利斯联邦储备银行行长尼尔·卡什卡利和美联储负责监管的副主席兰德尔·夸尔斯周二重申了价格上涨将是暂时的观点。</blockquote></p><p>This week's focus will be on a raft of economic data, culminating with U.S. payrolls due on Friday.</p><p><blockquote>本周的焦点将是大量经济数据，最终将于周五公布的美国就业数据。</blockquote></p><p>Abbott Labs shares fell 9.3% after the company cut itsfull-year 2021 profit forecast, citing expectations for a sharp decline in revenue from its COVID-19 tests as more Americans get vaccinated. Shares of other test makers also fell.</p><p><blockquote>雅培实验室(Abbott Labs)下调2021年全年利润预期，理由是随着越来越多的美国人接种疫苗，预计其COVID-19检测收入将大幅下降，该公司股价下跌9.3%。其他测试制造商的股价也下跌。</blockquote></p><p>Cloudera Inc(CLDR.N)shares jumped 23.9% after private equity firms KKR &amp; Co(KKR.N)and Clayton Dubilier &amp; Rice LLCagreed to take the data analytics firm private.</p><p><blockquote>Cloudera Inc(CLDR.N)在私募股权公司KKR&amp;Co(KKR)之后，股价上涨23.9%。N)和Clayton Dubilier&amp;Rice LLCA同意将这家数据分析公司私有化。</blockquote></p><p>A group of“meme stocks” extended gainsfrom the previous week, with shares of <a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a> Holdings Inc(AMC.N)up 22.7% after the movie theater chain said it sold $230 million of its stock.</p><p><blockquote>一批“模因股”延续了前一周的涨幅，其中<a href=\"https://laohu8.com/S/AMC\">AMC院线</a>Holdings Inc(AMC.N)上涨22.7%，此前这家连锁电影院表示出售了价值2.3亿美元的股票。</blockquote></p><p>Advancing issues outnumbered decliners on the NYSE by a 2.54-to-1 ratio; on <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a>, a 1.79-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股与下跌股的比例为2.54比1；在<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>1.79比1的比率有利于上涨者。</blockquote></p><p>The S&amp;P 500 posted 73 new 52-week highs and no new lows; the Nasdaq Composite recorded 168 new highs and 25 new lows.</p><p><blockquote>标普500创下73个52周新高，无新低；纳斯达克综合指数录得168个新高和25个新低。</blockquote></p><p>About 10.7 billion shares changed hands in U.S. exchanges, compared with the 10.5 billion daily average over the last 20 sessions.</p><p><blockquote>美国交易所约有107亿股易手，而过去20个交易日的日均交易量为105亿股。</blockquote></p><p><b>Here are company's financial statements：</b></p><p><blockquote><b>以下是公司的财务报表：</b></blockquote></p><p><a href=\"https://laohu8.com/NW/1184181912\" target=\"_blank\"><b>Zoom reports blowout earnings but warns of a coming slowdown</b></a></p><p><blockquote><a href=\"https://laohu8.com/NW/1184181912\" target=\"_blank\"><b>Zoom报告盈利井喷，但警告即将放缓</b></a></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>S&P 500 dips, as healthcare weighs; Dow ends higher<blockquote>随着医疗保健的压力，标普500下跌；道指收高</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\">\nS&P 500 dips, as healthcare weighs; Dow ends higher<blockquote>随着医疗保健的压力，标普500下跌；道指收高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-06-02 07:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The S&amp;P 500(.SPX)dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.</p><p><blockquote>标普500(.SPX)周二下跌，医疗保健和科技股的下跌被能源和金融股的上涨所抵消，投资者权衡最新的美国经济数据是否有反弹和通胀上升的迹象。</blockquote></p><p>The S&amp;P 500 financial sector(.SPSY)hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector(.SPNY)3.9%, its biggest <a href=\"https://laohu8.com/S/AONE\">one</a>-day gain in nearly four months. The heavyweight tech sector(.SPLRCT)fell while the healthcare sector(.SPXHC)was dragged down by a weak profit forecast from <a href=\"https://laohu8.com/S/ABT\">Abbott Laboratories</a>(ABT.N).</p><p><blockquote>标普500金融板块(.SPSY)创历史新高，而燃料需求预期增长提振油价，并帮助提振能源板块(.SPNY)上涨3.9%，为最大<a href=\"https://laohu8.com/S/AONE\">一</a>-近四个月来的日涨幅。重量级科技板块(.SPLRCT)下跌，而医疗保健板块(.SPXHC)则受到来自<a href=\"https://laohu8.com/S/ABT\">雅培实验室</a>（N部）。</blockquote></p><p>Data showed U.S.manufacturing activity pickedup in May as pent-up demand in a reopening economy boosted orders. But unfinished work piled up because of shortages of raw materials and labor.</p><p><blockquote>数据显示，由于经济重新开放中被压抑的需求提振了订单，美国5月份制造业活动有所回升。但由于原材料和劳动力短缺，未完成的工作堆积起来。</blockquote></p><p>\"People came back from a holiday weekend convinced that the economy is recovering nicely and that any inflation that we might be seeing in labor and other costs is temporary,\" Peter Tuz, president of <a href=\"https://laohu8.com/S/CCF\">Chase</a> Investment Counsel in Charlottesville, Virginia.</p><p><blockquote>“人们从假期周末回来后确信经济正在良好复苏，我们可能在劳动力和其他成本方面看到的任何通胀都是暂时的，”<a href=\"https://laohu8.com/S/CCF\">追逐</a>弗吉尼亚州夏洛茨维尔的投资顾问。</blockquote></p><p>The Dow Jones Industrial Average(.DJI)rose 45.86 points, or 0.13%, to 34,575.31; the S&amp;P 500(.SPX)lost 2.07 points, or 0.05%, at 4,202.04; and the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> Composite(.IXIC)dropped 12.26 points, or 0.09%, to 13,736.48.</p><p><blockquote>道琼工业指数(.DJI)涨45.86点，或0.13%，报34,575.31；标普500(.SPX)下跌2.07点，或0.05%，报4,202.04点；和<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>综合指数(.IXIC)下跌12.26点，或0.09%，至13,736.48点。</blockquote></p><p>Along with sharp gains for financials and energy, the small-cap Russell 2000(.RUT)rose 1.1% on Tuesday, underscoring strength for segments of the stock market expected to do particularly well in an expanding economy.</p><p><blockquote>随着金融和能源股的大幅上涨，小盘股罗素2000指数(.RUT)周二上涨1.1%，突显了预计在经济扩张中表现尤其出色的股市板块的强势。</blockquote></p><p>While the S&amp;P 500 remains less than 1% of its record high after four straight months of gains, investors are worried about whether rising inflation could hit equity prices.</p><p><blockquote>尽管标普500在连续四个月上涨后仍不到历史高点的1%，但投资者担心通胀上升是否会打击股价。</blockquote></p><p>\"We have supply chain issues, delays, price increases, pricing pressures in general, we have got employers saying they have got difficulty sourcing labor,\" said Kristina Hooper, chief global market strategist at <a href=\"https://laohu8.com/S/IVZ\">Invesco</a> in <a href=\"https://laohu8.com/S/NWY\">New York</a>.</p><p><blockquote>首席全球市场策略师克里斯蒂娜·胡珀(Kristina Hooper)表示：“我们面临供应链问题、延误、价格上涨、总体定价压力，雇主表示他们很难找到劳动力。”<a href=\"https://laohu8.com/S/IVZ\">景顺</a>在<a href=\"https://laohu8.com/S/NWY\">纽约</a>.</blockquote></p><p>\"So this is a microcosm of what we are already hearing about and seeing in the overall economy and it's just a reminder that inflation remains a concern.\"</p><p><blockquote>“因此，这是我们在整体经济中已经听到和看到的情况的一个缩影，它只是提醒人们通货膨胀仍然是一个问题。”</blockquote></p><p>A Wall St. sign is seen near the <a href=\"https://laohu8.com/S/NYRT\">New York</a> Stock Exchange (NYSE) in <a href=\"https://laohu8.com/S/NGD\">New</a> York <a href=\"https://laohu8.com/S/CHCO\">City</a>, U.S., May 4, 2021. REUTERS/Brendan McDermid/File Photo</p><p><blockquote>附近可以看到华尔街的标志<a href=\"https://laohu8.com/S/NYRT\">纽约</a>纽约证券交易所<a href=\"https://laohu8.com/S/NGD\">新的</a>约克<a href=\"https://laohu8.com/S/CHCO\">城市</a>，美国，2021年5月4日。路透社/Brendan McDermid/资料照片</blockquote></p><p>Stock markets on Friday brushed off a surge inkey inflation readingsfor April following reassurances from Federal Reserve officials that the central bank’s ultra-loose monetary policy would remain in place.</p><p><blockquote>在美联储官员保证央行超宽松货币政策将继续实施后，周五股市没有出现四月份关键通胀数据的飙升。</blockquote></p><p>Minneapolis Federal Reserve Bank President Neel Kashkari and Fed Vice Chair for supervision Randal Quarles on Tuesday reiterated the view that higher prices would be transitory.</p><p><blockquote>明尼阿波利斯联邦储备银行行长尼尔·卡什卡利和美联储负责监管的副主席兰德尔·夸尔斯周二重申了价格上涨将是暂时的观点。</blockquote></p><p>This week's focus will be on a raft of economic data, culminating with U.S. payrolls due on Friday.</p><p><blockquote>本周的焦点将是大量经济数据，最终将于周五公布的美国就业数据。</blockquote></p><p>Abbott Labs shares fell 9.3% after the company cut itsfull-year 2021 profit forecast, citing expectations for a sharp decline in revenue from its COVID-19 tests as more Americans get vaccinated. Shares of other test makers also fell.</p><p><blockquote>雅培实验室(Abbott Labs)下调2021年全年利润预期，理由是随着越来越多的美国人接种疫苗，预计其COVID-19检测收入将大幅下降，该公司股价下跌9.3%。其他测试制造商的股价也下跌。</blockquote></p><p>Cloudera Inc(CLDR.N)shares jumped 23.9% after private equity firms KKR &amp; Co(KKR.N)and Clayton Dubilier &amp; Rice LLCagreed to take the data analytics firm private.</p><p><blockquote>Cloudera Inc(CLDR.N)在私募股权公司KKR&amp;Co(KKR)之后，股价上涨23.9%。N)和Clayton Dubilier&amp;Rice LLCA同意将这家数据分析公司私有化。</blockquote></p><p>A group of“meme stocks” extended gainsfrom the previous week, with shares of <a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a> Holdings Inc(AMC.N)up 22.7% after the movie theater chain said it sold $230 million of its stock.</p><p><blockquote>一批“模因股”延续了前一周的涨幅，其中<a href=\"https://laohu8.com/S/AMC\">AMC院线</a>Holdings Inc(AMC.N)上涨22.7%，此前这家连锁电影院表示出售了价值2.3亿美元的股票。</blockquote></p><p>Advancing issues outnumbered decliners on the NYSE by a 2.54-to-1 ratio; on <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a>, a 1.79-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股与下跌股的比例为2.54比1；在<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>1.79比1的比率有利于上涨者。</blockquote></p><p>The S&amp;P 500 posted 73 new 52-week highs and no new lows; the Nasdaq Composite recorded 168 new highs and 25 new lows.</p><p><blockquote>标普500创下73个52周新高，无新低；纳斯达克综合指数录得168个新高和25个新低。</blockquote></p><p>About 10.7 billion shares changed hands in U.S. exchanges, compared with the 10.5 billion daily average over the last 20 sessions.</p><p><blockquote>美国交易所约有107亿股易手，而过去20个交易日的日均交易量为105亿股。</blockquote></p><p><b>Here are company's financial statements：</b></p><p><blockquote><b>以下是公司的财务报表：</b></blockquote></p><p><a href=\"https://laohu8.com/NW/1184181912\" target=\"_blank\"><b>Zoom reports blowout earnings but warns of a coming slowdown</b></a></p><p><blockquote><a href=\"https://laohu8.com/NW/1184181912\" target=\"_blank\"><b>Zoom报告盈利井喷，但警告即将放缓</b></a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/business/sp-500-dips-healthcare-weighs-dow-ends-higher-2021-06-01/\">Reuters</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":{"161125":"标普500","513500":"标普500ETF","SDS":"两倍做空标普500 ETF-ProShares","SPXU":"三倍做空标普500ETF-ProShares","OEF":"标普100指数ETF-iShares","UPRO":"三倍做多标普500ETF-ProShares",".IXIC":"NASDAQ Composite","SPY":"标普500ETF","SH":"做空标普500-Proshares","SSO":"2倍做多标普500ETF-ProShares",".SPX":"S&P 500 Index","IVV":"标普500ETF-iShares","OEX":"标普100"},"source_url":"https://www.reuters.com/business/sp-500-dips-healthcare-weighs-dow-ends-higher-2021-06-01/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106176005","content_text":"The S&P 500(.SPX)dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.The S&P 500 financial sector(.SPSY)hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector(.SPNY)3.9%, its biggest one-day gain in nearly four months. The heavyweight tech sector(.SPLRCT)fell while the healthcare sector(.SPXHC)was dragged down by a weak profit forecast from Abbott Laboratories(ABT.N).Data showed U.S.manufacturing activity pickedup in May as pent-up demand in a reopening economy boosted orders. But unfinished work piled up because of shortages of raw materials and labor.\"People came back from a holiday weekend convinced that the economy is recovering nicely and that any inflation that we might be seeing in labor and other costs is temporary,\" Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia.The Dow Jones Industrial Average(.DJI)rose 45.86 points, or 0.13%, to 34,575.31; the S&P 500(.SPX)lost 2.07 points, or 0.05%, at 4,202.04; and the Nasdaq Composite(.IXIC)dropped 12.26 points, or 0.09%, to 13,736.48.Along with sharp gains for financials and energy, the small-cap Russell 2000(.RUT)rose 1.1% on Tuesday, underscoring strength for segments of the stock market expected to do particularly well in an expanding economy.While the S&P 500 remains less than 1% of its record high after four straight months of gains, investors are worried about whether rising inflation could hit equity prices.\"We have supply chain issues, delays, price increases, pricing pressures in general, we have got employers saying they have got difficulty sourcing labor,\" said Kristina Hooper, chief global market strategist at Invesco in New York.\"So this is a microcosm of what we are already hearing about and seeing in the overall economy and it's just a reminder that inflation remains a concern.\"A Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermid/File PhotoStock markets on Friday brushed off a surge inkey inflation readingsfor April following reassurances from Federal Reserve officials that the central bank’s ultra-loose monetary policy would remain in place.Minneapolis Federal Reserve Bank President Neel Kashkari and Fed Vice Chair for supervision Randal Quarles on Tuesday reiterated the view that higher prices would be transitory.This week's focus will be on a raft of economic data, culminating with U.S. payrolls due on Friday.Abbott Labs shares fell 9.3% after the company cut itsfull-year 2021 profit forecast, citing expectations for a sharp decline in revenue from its COVID-19 tests as more Americans get vaccinated. Shares of other test makers also fell.Cloudera Inc(CLDR.N)shares jumped 23.9% after private equity firms KKR & Co(KKR.N)and Clayton Dubilier & Rice LLCagreed to take the data analytics firm private.A group of“meme stocks” extended gainsfrom the previous week, with shares of AMC Entertainment Holdings Inc(AMC.N)up 22.7% after the movie theater chain said it sold $230 million of its stock.Advancing issues outnumbered decliners on the NYSE by a 2.54-to-1 ratio; on Nasdaq, a 1.79-to-1 ratio favored advancers.The S&P 500 posted 73 new 52-week highs and no new lows; the Nasdaq Composite recorded 168 new highs and 25 new lows.About 10.7 billion shares changed hands in U.S. exchanges, compared with the 10.5 billion daily average over the last 20 sessions.Here are company's financial statements：Zoom reports blowout earnings but warns of a coming slowdown","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"SPXU":0.9,"SDS":0.9,"SPY":0.9,".IXIC":0.9,"IVV":0.9,"ESmain":0.9,".SPX":0.9,"OEF":0.9,"OEX":0.9,"SH":0.9,"UPRO":0.9,"SSO":0.9}},"isVote":1,"tweetType":1,"viewCount":372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":119694177,"gmtCreate":1622539816499,"gmtModify":1634100683600,"author":{"id":"3578467063156657","authorId":"3578467063156657","name":"pianhua","avatar":"https://static.tigerbbs.com/5fe016149cfce241ec0da0576393d835","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578467063156657","idStr":"3578467063156657"},"themes":[],"htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/119694177","repostId":"1161737213","repostType":4,"isVote":1,"tweetType":1,"viewCount":364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192562963,"gmtCreate":1621216862252,"gmtModify":1634193321507,"author":{"id":"3578467063156657","authorId":"3578467063156657","name":"pianhua","avatar":"https://static.tigerbbs.com/5fe016149cfce241ec0da0576393d835","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578467063156657","idStr":"3578467063156657"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/192562963","repostId":"1177712976","repostType":4,"repost":{"id":"1177712976","kind":"news","pubTimestamp":1621213509,"share":"https://www.laohu8.com/m/news/1177712976?lang=zh_CN&edition=full","pubTime":"2021-05-17 09:05","market":"us","language":"en","title":"IPO Preview: SquareSpace, Procure Technologies And Oatly Are This Week's Offerings<blockquote>IPO预览：SquareSpace、Procure Technologies和Oatly将于本周发行</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1177712976","media":"benzinga","summary":"There are only three offerings scheduled for the trading week beginning May 17. The offerings include an online platform for businesses, a construction management company and the global leader of oat milk.SquareSpace has 3.7 million unique subscribers in 180 countries. Revenue was $621 million for SquareSpace in 2020, up 28% year-over-year. In the first quarter of 2021, revenue for SquareSpace was $179.6 million.In March, SquareSpace acquired Tock, a hospitality platform and application system, ","content":"<p><div> There are only three offerings scheduled for the trading week beginning May 17. The offerings include an online platform for businesses, a construction management company and the global leader of oat ...</p><p><blockquote><div>5月17日开始的交易周仅安排了三次发行。这些产品包括一个面向企业的在线平台、一家建筑管理公司和燕麦的全球领导者...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/05/21143868/ipo-preview-squarespace-procure-technologies-and-oatly-are-this-weeks-offerings\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/05/21143868/ipo-preview-squarespace-procure-technologies-and-oatly-are-this-weeks-offerings\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>IPO Preview: SquareSpace, Procure Technologies And Oatly Are This Week's Offerings<blockquote>IPO预览：SquareSpace、Procure Technologies和Oatly将于本周发行</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\">\nIPO Preview: SquareSpace, Procure Technologies And Oatly Are This Week's Offerings<blockquote>IPO预览：SquareSpace、Procure Technologies和Oatly将于本周发行</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">benzinga</strong><span class=\"h-time small\">2021-05-17 09:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> There are only three offerings scheduled for the trading week beginning May 17. The offerings include an online platform for businesses, a construction management company and the global leader of oat ...</p><p><blockquote><div>5月17日开始的交易周仅安排了三次发行。这些产品包括一个面向企业的在线平台、一家建筑管理公司和燕麦的全球领导者...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/05/21143868/ipo-preview-squarespace-procure-technologies-and-oatly-are-this-weeks-offerings\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/05/21143868/ipo-preview-squarespace-procure-technologies-and-oatly-are-this-weeks-offerings\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/news/21/05/21143868/ipo-preview-squarespace-procure-technologies-and-oatly-are-this-weeks-offerings\">benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6a531a6f7b6d1339dada82e8a701e8cf","relate_stocks":{"OTLY":"Oatly Group AB","PCOR":"Procore Technologies","SQSP":"Squarespace Inc."},"source_url":"https://www.benzinga.com/news/21/05/21143868/ipo-preview-squarespace-procure-technologies-and-oatly-are-this-weeks-offerings","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177712976","content_text":"There are only three offerings scheduled for the trading week beginning May 17. The offerings include an online platform for businesses, a construction management company and the global leader of oat milk.SquareSpace:Offering an all-in-one platform for small and medium sized businesses to manage their online presence,SquareSpace is one of the largest in the market. The companyseeksto help people stand out and succeed by offering help with online presence, commerce and marketing.SquareSpace has 3.7 million unique subscribers in 180 countries. Revenue was $621 million for SquareSpace in 2020, up 28% year-over-year. In the first quarter of 2021, revenue for SquareSpace was $179.6 million.In March, SquareSpace acquired Tock, a hospitality platform and application system, for $415 million, which could help with additional expansion.The company estimates that 46% of U.S. small and midsize businesses are not online today, offering room for expansion for SquareSpace.SquareSpace is selling 40.4 million shares in adirect listing.Procure Technologies:Cloud-based construction management software company Procure Technologies plans to sell 9.5 million shares at a price point of $60 to $65. The company is helping digitize a construction industry that still has low market penetration.Procure had $400 million in revenue in 2020, up 38% year-over-year. Procure has over 800 customers that represent $100,000 in annual revenue. Over 60% of customers subscribe to three or more Procure products. The company reports 1.6 million users in over 125 countries.Since 2014, Procure has helped manage over 1 million projects representing over $1 trillion in construction ideas. The total addressable market size for construction software is listed as $12.4 billion and growing. The construction market represents 13% of the global gross domestic product.Oatly Group:Theworld’s largest oatmilk company Oatly Group is going publicwith an offering of 84.4 million ADS at a price point of $15 to $17.The company offers dozens of products at over 60,000 retail points of sale and more than 32,000 coffee shops. Customers include Starbucks Corp ,Target Corporation and Tesco.Oatly was founded in Sweden, where the company commands a strong 53% market share for alternative dairy products. In the United States, Oatly had 182% year-over-year growth in the retail segment for 2020.The company is using a food service-led expansion strategy to enter new markets and gain brand recognition. Oatly entered China in 2018 and is now present in over 8,000 locations through partnerships with Starbucks China and Alibaba Group Holding.The company had revenue of $421.4 million in 2020, up 106.5% year-over-year. Revenue for the first three months of 2021 was $140.1 million, up 66.2% year-over-year. Revenue in 2020 was split 64% EMEA region, 24% Americas and 13% Asia. The company got 71% of 2020 revenue from the food retail segment and 25% from foodservice.The global retail milk industry is worth an estimated $179 billion.","news_type":1,"symbols_score_info":{"PCOR":0.9,"SQSP":0.9,"OTLY":0.9}},"isVote":1,"tweetType":1,"viewCount":381,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372562016,"gmtCreate":1619228016435,"gmtModify":1634287625911,"author":{"id":"3578467063156657","authorId":"3578467063156657","name":"pianhua","avatar":"https://static.tigerbbs.com/5fe016149cfce241ec0da0576393d835","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578467063156657","idStr":"3578467063156657"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/372562016","repostId":"1166519043","repostType":4,"isVote":1,"tweetType":1,"viewCount":599,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158107349,"gmtCreate":1625133886281,"gmtModify":1633944431797,"author":{"id":"3578467063156657","authorId":"3578467063156657","name":"pianhua","avatar":"https://static.tigerbbs.com/5fe016149cfce241ec0da0576393d835","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578467063156657","idStr":"3578467063156657"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/158107349","repostId":"1190114481","repostType":4,"repost":{"id":"1190114481","kind":"news","pubTimestamp":1625131868,"share":"https://www.laohu8.com/m/news/1190114481?lang=zh_CN&edition=full","pubTime":"2021-07-01 17:31","market":"us","language":"en","title":"ARK Innovation Is Coming Back Strongly. Here’s a Trade to Exploit It.<blockquote>方舟创新强势回归。这里有一个利用它的交易。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1190114481","media":"Barrons","summary":"Cathie Wood, ARK Invest\nIt is time once more to consider getting on board Cathie Wood’s ARK Innovati","content":"<p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d1a0419512750dfca0641b7307fd75d6\" tg-width=\"1260\" tg-height=\"840\"><span>Cathie Wood, ARK Invest</span></p><p><blockquote><p class=\"t-img-caption\"><span>凯西·伍德，方舟投资公司</span></p></blockquote></p><p> It is time once more to consider getting on board Cathie Wood’s ARK Innovation exchange-traded fund.</p><p><blockquote>是时候再次考虑加入Cathie Wood的ARK Innovation交易所交易基金了。</blockquote></p><p> ARK Innovation (ticker: ARKK), which owns many of the stock market’s most controversial and most intriguing companies, seems to be on the cusp of entering a higher trading range after a month of troubles.</p><p><blockquote>方舟创新（股票代码：ARKK）拥有许多股市上最具争议和最有趣的公司，在经历了一个月的麻烦后，似乎即将进入更高的交易区间。</blockquote></p><p> The Innovation ETF is hovering around $130, a level that has often proved to be difficult for the fund to stay above for long. But the recent rotation back into technology—and away from value stocks that benefited from the seeming end of the pandemic—could give the ETF a push higher.</p><p><blockquote>创新ETF徘徊在130美元左右，事实证明，该基金很难长期保持在这一水平之上。但最近重新转向科技股——远离受益于疫情似乎结束的价值股——可能会推动ETF走高。</blockquote></p><p> Aggressive investors who want to wager on the potential breakout can consider an options strategy that pays them for agreeing to buy the fund at a lower price, while letting them participate in future gains.</p><p><blockquote>想要押注潜在突破的激进投资者可以考虑期权策略，通过同意以较低价格购买基金来支付他们的费用，同时让他们参与未来的收益。</blockquote></p><p> When the Innovation ETF was trading around $130, the September $129 put could be sold for about $9 and the September $132 call could be bought for about $7.70. The risk reversal—that is, selling a put and buying a call with a higher strike price but with the same expiration—essentially pays investors $1.30 for agreeing to buy the fund at $129 and to participate in advances above $132.</p><p><blockquote>当创新ETF的交易价格约为130美元时，9月份129美元的看跌期权可以以约9美元的价格出售，9月份132美元的看涨期权可以以约7.70美元的价格购买。风险逆转——即卖出看跌期权并买入执行价格更高但到期日相同的看涨期权——本质上是向同意以129美元购买基金并参与132美元以上预付款的投资者支付1.30美元。</blockquote></p><p> If the fund is at $150 at expiration, the call is worth $28. Should the ARK Innovation ETF be at $129 or lower at the September expiration, investors are obligated to buy the fund at $129 even if the fund is trading sharply lower.</p><p><blockquote>如果基金到期时价格为150美元，则看涨期权价值28美元。如果ARK Innovation ETF在9月份到期时价格为129美元或更低，即使该基金的交易价格大幅下跌，投资者也有义务以129美元的价格购买该基金。</blockquote></p><p> To avoid buying the fund on a decline, investors could adjust the put in the options market and move it to a different expiration. Of course, if the fund advances, and is above the put strike at expiration, investors can keep the put premium.</p><p><blockquote>为了避免在下跌时购买基金，投资者可以调整期权市场的看跌期权并将其移至不同的到期日。当然，如果基金提前，并且到期时高于看跌期权执行权，投资者可以保留看跌期权溢价。</blockquote></p><p> During the past 52 weeks, ARK Innovation has ranged from $69.18 to $159.70.</p><p><blockquote>在过去52周内，ARK Innovation的价格从69.18美元到159.70美元不等。</blockquote></p><p> The risk-reversal strategy represents the evolution of a mid-May suggestion for investors to consider selling puts on the Innovation ETF when it seemed the fund was facing real trouble.</p><p><blockquote>风险逆转策略代表了5月中旬建议投资者考虑出售创新ETF看跌期权的演变，当时该基金似乎面临真正的麻烦。</blockquote></p><p> At the time, many of the fund’s holdings were weak and out of favor as investors were abandoning growth stocks that were defensive holdings during the pandemic, while buying value stocks that would benefit from the reopening of the economy.</p><p><blockquote>当时，该基金的许多持股疲软且失宠，因为投资者正在放弃在疫情期间持有的防御性成长型股票，而买入将受益于经济重新开放的价值型股票。</blockquote></p><p> It seemed that many investors and market pundits were happy to see Wood struggle after the fund rose 153% in 2020. But we recommended that investors look past the difficulties and wager that Wood would prevail.</p><p><blockquote>在该基金2020年上涨153%后，许多投资者和市场专家似乎很高兴看到伍德陷入困境。但我们建议投资者忽略困难，押注伍德会获胜。</blockquote></p><p> Rather than wilting under the pressure, she made a surprising and gutsy move. Wood took advantage of the weakness and essentially bought more stock as prices declined. The fund owns many stocks with extraordinary potential and often even more extraordinary valuations. The fund is closely associated with&nbsp;Tesla(TLSA), its top holding, but the portfolio includes other companies that are also trying to reshape the world with technology, including&nbsp;Teladoc Health(TDOC), Square (SQ),Zoom Video Communications(ZOOM), and Spotify Technology (SPOT).</p><p><blockquote>她没有在压力下萎靡不振，而是做出了令人惊讶的勇敢举动。伍德利用这一弱点，随着价格下跌，基本上购买了更多股票。该基金拥有许多具有非凡潜力且估值往往更非凡的股票。该基金与其最大持股特斯拉(TLSA)关系密切，但该投资组合还包括其他也试图用技术重塑世界的公司，包括Teladoc Health(TDOC)、Square(SQ)、Zoom Video通信(ZOOM)和Spotify Technology(SPOT)。</blockquote></p><p> The June $85 put that we suggested investors consider selling at $2.30 when the stock was around $102 just expired worthless. The Innovation ETF, meanwhile, just traded at its highest level in two months. Since mid-May, ARK Innovation has gained about 35%—and the fund could be on the cusp of a bullish breakout.</p><p><blockquote>我们建议投资者在股价约为102美元时考虑以2.30美元出售的6月份85美元看跌期权刚刚到期，一文不值。与此同时，创新ETF的交易价格刚刚达到两个月来的最高水平。自5月中旬以来，ARK Innovation已上涨约35%，该基金可能正处于看涨突破的风口浪尖。</blockquote></p><p> The fund traded above $130 from early January until March, only to come under bearish pressures during the recent rotation. The suggested risk-reversal strategy expresses a view that the Innovation ETF will trade above $130 into the fall, moving beyond a price that has often marked upside resistance.</p><p><blockquote>从1月初到3月，该基金的交易价格高于130美元，但在最近的轮换中却面临看跌压力。建议的风险逆转策略表达了这样一种观点，即创新ETF的交易价格将在130美元以上进入秋季，突破通常标志着上行阻力的价格。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ARK Innovation Is Coming Back Strongly. Here’s a Trade to Exploit It.<blockquote>方舟创新强势回归。这里有一个利用它的交易。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nARK Innovation Is Coming Back Strongly. Here’s a Trade to Exploit It.<blockquote>方舟创新强势回归。这里有一个利用它的交易。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-07-01 17:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d1a0419512750dfca0641b7307fd75d6\" tg-width=\"1260\" tg-height=\"840\"><span>Cathie Wood, ARK Invest</span></p><p><blockquote><p class=\"t-img-caption\"><span>凯西·伍德，方舟投资公司</span></p></blockquote></p><p> It is time once more to consider getting on board Cathie Wood’s ARK Innovation exchange-traded fund.</p><p><blockquote>是时候再次考虑加入Cathie Wood的ARK Innovation交易所交易基金了。</blockquote></p><p> ARK Innovation (ticker: ARKK), which owns many of the stock market’s most controversial and most intriguing companies, seems to be on the cusp of entering a higher trading range after a month of troubles.</p><p><blockquote>方舟创新（股票代码：ARKK）拥有许多股市上最具争议和最有趣的公司，在经历了一个月的麻烦后，似乎即将进入更高的交易区间。</blockquote></p><p> The Innovation ETF is hovering around $130, a level that has often proved to be difficult for the fund to stay above for long. But the recent rotation back into technology—and away from value stocks that benefited from the seeming end of the pandemic—could give the ETF a push higher.</p><p><blockquote>创新ETF徘徊在130美元左右，事实证明，该基金很难长期保持在这一水平之上。但最近重新转向科技股——远离受益于疫情似乎结束的价值股——可能会推动ETF走高。</blockquote></p><p> Aggressive investors who want to wager on the potential breakout can consider an options strategy that pays them for agreeing to buy the fund at a lower price, while letting them participate in future gains.</p><p><blockquote>想要押注潜在突破的激进投资者可以考虑期权策略，通过同意以较低价格购买基金来支付他们的费用，同时让他们参与未来的收益。</blockquote></p><p> When the Innovation ETF was trading around $130, the September $129 put could be sold for about $9 and the September $132 call could be bought for about $7.70. The risk reversal—that is, selling a put and buying a call with a higher strike price but with the same expiration—essentially pays investors $1.30 for agreeing to buy the fund at $129 and to participate in advances above $132.</p><p><blockquote>当创新ETF的交易价格约为130美元时，9月份129美元的看跌期权可以以约9美元的价格出售，9月份132美元的看涨期权可以以约7.70美元的价格购买。风险逆转——即卖出看跌期权并买入执行价格更高但到期日相同的看涨期权——本质上是向同意以129美元购买基金并参与132美元以上预付款的投资者支付1.30美元。</blockquote></p><p> If the fund is at $150 at expiration, the call is worth $28. Should the ARK Innovation ETF be at $129 or lower at the September expiration, investors are obligated to buy the fund at $129 even if the fund is trading sharply lower.</p><p><blockquote>如果基金到期时价格为150美元，则看涨期权价值28美元。如果ARK Innovation ETF在9月份到期时价格为129美元或更低，即使该基金的交易价格大幅下跌，投资者也有义务以129美元的价格购买该基金。</blockquote></p><p> To avoid buying the fund on a decline, investors could adjust the put in the options market and move it to a different expiration. Of course, if the fund advances, and is above the put strike at expiration, investors can keep the put premium.</p><p><blockquote>为了避免在下跌时购买基金，投资者可以调整期权市场的看跌期权并将其移至不同的到期日。当然，如果基金提前，并且到期时高于看跌期权执行权，投资者可以保留看跌期权溢价。</blockquote></p><p> During the past 52 weeks, ARK Innovation has ranged from $69.18 to $159.70.</p><p><blockquote>在过去52周内，ARK Innovation的价格从69.18美元到159.70美元不等。</blockquote></p><p> The risk-reversal strategy represents the evolution of a mid-May suggestion for investors to consider selling puts on the Innovation ETF when it seemed the fund was facing real trouble.</p><p><blockquote>风险逆转策略代表了5月中旬建议投资者考虑出售创新ETF看跌期权的演变，当时该基金似乎面临真正的麻烦。</blockquote></p><p> At the time, many of the fund’s holdings were weak and out of favor as investors were abandoning growth stocks that were defensive holdings during the pandemic, while buying value stocks that would benefit from the reopening of the economy.</p><p><blockquote>当时，该基金的许多持股疲软且失宠，因为投资者正在放弃在疫情期间持有的防御性成长型股票，而买入将受益于经济重新开放的价值型股票。</blockquote></p><p> It seemed that many investors and market pundits were happy to see Wood struggle after the fund rose 153% in 2020. But we recommended that investors look past the difficulties and wager that Wood would prevail.</p><p><blockquote>在该基金2020年上涨153%后，许多投资者和市场专家似乎很高兴看到伍德陷入困境。但我们建议投资者忽略困难，押注伍德会获胜。</blockquote></p><p> Rather than wilting under the pressure, she made a surprising and gutsy move. Wood took advantage of the weakness and essentially bought more stock as prices declined. The fund owns many stocks with extraordinary potential and often even more extraordinary valuations. The fund is closely associated with&nbsp;Tesla(TLSA), its top holding, but the portfolio includes other companies that are also trying to reshape the world with technology, including&nbsp;Teladoc Health(TDOC), Square (SQ),Zoom Video Communications(ZOOM), and Spotify Technology (SPOT).</p><p><blockquote>她没有在压力下萎靡不振，而是做出了令人惊讶的勇敢举动。伍德利用这一弱点，随着价格下跌，基本上购买了更多股票。该基金拥有许多具有非凡潜力且估值往往更非凡的股票。该基金与其最大持股特斯拉(TLSA)关系密切，但该投资组合还包括其他也试图用技术重塑世界的公司，包括Teladoc Health(TDOC)、Square(SQ)、Zoom Video通信(ZOOM)和Spotify Technology(SPOT)。</blockquote></p><p> The June $85 put that we suggested investors consider selling at $2.30 when the stock was around $102 just expired worthless. The Innovation ETF, meanwhile, just traded at its highest level in two months. Since mid-May, ARK Innovation has gained about 35%—and the fund could be on the cusp of a bullish breakout.</p><p><blockquote>我们建议投资者在股价约为102美元时考虑以2.30美元出售的6月份85美元看跌期权刚刚到期，一文不值。与此同时，创新ETF的交易价格刚刚达到两个月来的最高水平。自5月中旬以来，ARK Innovation已上涨约35%，该基金可能正处于看涨突破的风口浪尖。</blockquote></p><p> The fund traded above $130 from early January until March, only to come under bearish pressures during the recent rotation. The suggested risk-reversal strategy expresses a view that the Innovation ETF will trade above $130 into the fall, moving beyond a price that has often marked upside resistance.</p><p><blockquote>从1月初到3月，该基金的交易价格高于130美元，但在最近的轮换中却面临看跌压力。建议的风险逆转策略表达了这样一种观点，即创新ETF的交易价格将在130美元以上进入秋季，突破通常标志着上行阻力的价格。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/ark-innovation-is-coming-back-strongly-heres-a-trade-to-exploit-it-51625130000?mod=hp_LATEST\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKF":"ARK Fintech Innovation ETF","TDOC":"Teladoc Health Inc.","ARKQ":"ARK Autonomous Technology & Robotics ETF","TSLA":"特斯拉","SPOT":"Spotify Technology S.A.","ARKG":"ARK Genomic Revolution ETF","ARKO":"ARKO Corp","ZM":"Zoom","ARKR":"Ark Restaurants Corp","ARKK":"ARK Innovation ETF"},"source_url":"https://www.barrons.com/articles/ark-innovation-is-coming-back-strongly-heres-a-trade-to-exploit-it-51625130000?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190114481","content_text":"Cathie Wood, ARK Invest\nIt is time once more to consider getting on board Cathie Wood’s ARK Innovation exchange-traded fund.\nARK Innovation (ticker: ARKK), which owns many of the stock market’s most controversial and most intriguing companies, seems to be on the cusp of entering a higher trading range after a month of troubles.\nThe Innovation ETF is hovering around $130, a level that has often proved to be difficult for the fund to stay above for long. But the recent rotation back into technology—and away from value stocks that benefited from the seeming end of the pandemic—could give the ETF a push higher.\nAggressive investors who want to wager on the potential breakout can consider an options strategy that pays them for agreeing to buy the fund at a lower price, while letting them participate in future gains.\nWhen the Innovation ETF was trading around $130, the September $129 put could be sold for about $9 and the September $132 call could be bought for about $7.70. The risk reversal—that is, selling a put and buying a call with a higher strike price but with the same expiration—essentially pays investors $1.30 for agreeing to buy the fund at $129 and to participate in advances above $132.\nIf the fund is at $150 at expiration, the call is worth $28. Should the ARK Innovation ETF be at $129 or lower at the September expiration, investors are obligated to buy the fund at $129 even if the fund is trading sharply lower.\nTo avoid buying the fund on a decline, investors could adjust the put in the options market and move it to a different expiration. Of course, if the fund advances, and is above the put strike at expiration, investors can keep the put premium.\nDuring the past 52 weeks, ARK Innovation has ranged from $69.18 to $159.70.\nThe risk-reversal strategy represents the evolution of a mid-May suggestion for investors to consider selling puts on the Innovation ETF when it seemed the fund was facing real trouble.\nAt the time, many of the fund’s holdings were weak and out of favor as investors were abandoning growth stocks that were defensive holdings during the pandemic, while buying value stocks that would benefit from the reopening of the economy.\nIt seemed that many investors and market pundits were happy to see Wood struggle after the fund rose 153% in 2020. But we recommended that investors look past the difficulties and wager that Wood would prevail.\nRather than wilting under the pressure, she made a surprising and gutsy move. Wood took advantage of the weakness and essentially bought more stock as prices declined. The fund owns many stocks with extraordinary potential and often even more extraordinary valuations. The fund is closely associated with Tesla(TLSA), its top holding, but the portfolio includes other companies that are also trying to reshape the world with technology, including Teladoc Health(TDOC), Square (SQ),Zoom Video Communications(ZOOM), and Spotify Technology (SPOT).\nThe June $85 put that we suggested investors consider selling at $2.30 when the stock was around $102 just expired worthless. The Innovation ETF, meanwhile, just traded at its highest level in two months. Since mid-May, ARK Innovation has gained about 35%—and the fund could be on the cusp of a bullish breakout.\nThe fund traded above $130 from early January until March, only to come under bearish pressures during the recent rotation. The suggested risk-reversal strategy expresses a view that the Innovation ETF will trade above $130 into the fall, moving beyond a price that has often marked upside resistance.","news_type":1,"symbols_score_info":{"SQ":0.9,"ARKF":0.9,"SPOT":0.9,"ARKK":0.9,"ARKR":0.9,"TSLA":0.9,"ARKQ":0.9,"TDOC":0.9,"ARKG":0.9,"ARKO":0.9,"ZM":0.9}},"isVote":1,"tweetType":1,"viewCount":286,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150453835,"gmtCreate":1624925446527,"gmtModify":1633946999957,"author":{"id":"3578467063156657","authorId":"3578467063156657","name":"pianhua","avatar":"https://static.tigerbbs.com/5fe016149cfce241ec0da0576393d835","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578467063156657","idStr":"3578467063156657"},"themes":[],"htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/150453835","repostId":"2147830104","repostType":4,"isVote":1,"tweetType":1,"viewCount":321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":133734681,"gmtCreate":1621810434143,"gmtModify":1634186537786,"author":{"id":"3578467063156657","authorId":"3578467063156657","name":"pianhua","avatar":"https://static.tigerbbs.com/5fe016149cfce241ec0da0576393d835","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578467063156657","idStr":"3578467063156657"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/133734681","repostId":"2137907575","repostType":4,"isVote":1,"tweetType":1,"viewCount":580,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":828872745,"gmtCreate":1633906974265,"gmtModify":1633906974265,"author":{"id":"3578467063156657","authorId":"3578467063156657","name":"pianhua","avatar":"https://static.tigerbbs.com/5fe016149cfce241ec0da0576393d835","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578467063156657","idStr":"3578467063156657"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/828872745","repostId":"2174297116","repostType":2,"isVote":1,"tweetType":1,"viewCount":2502,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":862273888,"gmtCreate":1632885658032,"gmtModify":1632885658414,"author":{"id":"3578467063156657","authorId":"3578467063156657","name":"pianhua","avatar":"https://static.tigerbbs.com/5fe016149cfce241ec0da0576393d835","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578467063156657","idStr":"3578467063156657"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/862273888","repostId":"1198528044","repostType":4,"repost":{"id":"1198528044","kind":"news","pubTimestamp":1632882697,"share":"https://www.laohu8.com/m/news/1198528044?lang=zh_CN&edition=full","pubTime":"2021-09-29 10:31","market":"us","language":"en","title":"Technically Speaking: Is The Market \"Melting-Up?\"<blockquote>从技术上讲：市场正在“融化”吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1198528044","media":"seekingalpha","summary":"Summary\n\nGiven the Fed’s ongoing balance sheet operations, investors fully believe they have protect","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Given the Fed’s ongoing balance sheet operations, investors fully believe they have protection from a decline.</li>  <li>As is always the case, the investing public believes future earnings will justify higher prices during a melt-up. It just never works out that way.</li>  <li>While it is essential to take advantage of the melt-up while it lasts, just don’t become overly complacent “this time is different”.</li> </ul> Is the<i>“market melting-up?”</i>Such was the question I received from my colleague at<i>Cut The Crap Investing.</i>It is an excellent question given the relentless increase in what investors believe is a<i>“no risk”</i>market.</p><p><blockquote><ul><li>鉴于美联储正在进行的资产负债表操作，投资者完全相信他们有能力免受经济衰退的影响。</li><li>与往常一样，投资大众相信未来的收益将证明在融化期间价格上涨是合理的。从来都不是那样的。</li><li>虽然在融化持续期间利用它是至关重要的，但不要过于自满“这次不同了”。</li></ul>是<i>“市场融化？”</i>这是我从我的同事那里收到的问题<i>少废话投资。</i>考虑到投资者认为的持续增长，这是一个很好的问题<i>“没有风险”</i>市场。</blockquote></p><p> Of course, we need a definition of precisely what constitutes a melt-up.</p><p><blockquote>当然，我们需要一个准确定义什么是融化。</blockquote></p><p>   <i>“A melt-up is a sustained and often unexpected improvement in the investment performance of an asset or asset class, driven partly</i>  <i><b>by a stampede of investors who don’t want to miss out on its rise,</b></i>  <i>rather than by fundamental improvements in the economy.“</i>–  <i>Investopedia</i>  Currently, there is sufficient evidence to support the idea of an exuberant market.<b><i>As noted previously:</i></b></p><p><blockquote><i>他说：“熔断是指一项资产或资产类别的投资表现持续且往往出乎意料的改善，部分原因是</i><i><b>不想错过其上涨机会的投资者蜂拥而至，</b></i><i>而不是经济的根本改善。”</i>–<i>投资百科</i>目前，有足够的证据支持市场繁荣的观点。<b><i>如前所述：</i></b></blockquote></p><p>   <i>“Near peaks of market cycles, investors become swept up by the underlying exuberance. That exuberance breeds the “rationalization” that “this time is different.” So how do you know the market is exuberant currently? Via Sentiment Trader:”</i>    <i>‘This type of market activity is an indication that markets have returned their ‘enthusiasm’ stage. Such is characterized by:’</i>  <ul>  <li><b><i>High optimism</i></b></li>  <li><b><i>Easy credit (too easy, with loose terms)</i></b></li>  <li><b><i>A rush of initial and secondary offerings</i></b></li>  <li><b><i>Risky stocks outperforming</i></b></li>  <li><b><i>Stretched valuations</i></b></li> </ul> <img src=\"https://static.tigerbbs.com/ff8de3a84084162ca86b415584bbf793\" tg-width=\"731\" tg-height=\"468\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote><i>“在市场周期接近顶峰时，投资者会被潜在的繁荣所席卷。这种繁荣滋生了“合理化”，即“这次不同了”。那么，你如何知道市场目前是繁荣的呢？通过情绪交易者：”</i><i>这种类型的市场活动表明市场已经回到了“热情”阶段。其特征在于：</i><ul><li><b><i>高度乐观</i></b></li><li><b><i>宽松信贷（太宽松，条款宽松）</i></b></li><li><b><i>首次和二次发行热潮</i></b></li><li><b><i>风险股跑赢大盘</i></b></li><li><b><i>估值过高</i></b></li></ul></blockquote></p><p> However, while one would expect individuals to exhibit caution in such an environment, the opposite is true. Given the Fed’s ongoing balance sheet operations, investors fully believe they have protection from a decline.</p><p><blockquote>然而，虽然人们会期望个人在这样的环境中表现出谨慎，但事实恰恰相反。鉴于美联储正在进行的资产负债表操作，投资者完全相信他们有能力免受经济衰退的影响。</blockquote></p><p> <b>A Visualization Of A Market Melting-Up</b></p><p><blockquote><b>市场融化的可视化</b></blockquote></p><p> It is often easier to visualize something rather than explain it.<b>Since 1900, only two previous market periods qualify as a melt-up: 1920-1929 and 1995-2000.</b>The chart below shows both periods in terms of price.</p><p><blockquote>想象某事通常比解释它更容易。<b>自1900年以来，只有两个市场时期符合熔化的条件：1920-1929年和1995-2000年。</b>下图显示了这两个时期的价格。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a218c7efe2ebd874d05c9ff7dd564436\" tg-width=\"797\" tg-height=\"437\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/9f193c9c32d55747bf7ff511c2f9fd53\" tg-width=\"793\" tg-height=\"439\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> However, the melt-up is also visually represented by the incredibly sharp rise in valuations. Such is essential because earnings are not rising at a fast enough clip to support higher prices.<b>As is always the case, the investing public believes future earnings will justify higher prices during a melt-up. It just never works out that way.</b></p><p><blockquote>然而，估值的大幅上涨也直观地体现了这种融化。这一点至关重要，因为盈利增长速度不足以支撑价格上涨。<b>与往常一样，投资大众相信未来的收益将证明在融化期间价格上涨是合理的。从来都不是那样的。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/c69e418d5a19d6fd03b305ab111e3be3\" tg-width=\"794\" tg-height=\"440\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/af03d3bbd071b8edfdf3a19e2c7b0bcd\" tg-width=\"796\" tg-height=\"437\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> We can compare those two previous periods with the current advance from the March 2020 lows. Again, we see a very similar sharp advance in price combined with a surge in valuations. As expected, investors are currently hoping that future earnings will rise sharply enough to justify current prices. However, the justification for paying high prices is the Federal Reserve’s ongoing balance sheet expansion.</p><p><blockquote>我们可以将前两个时期与当前从2020年3月低点的上涨进行比较。我们再次看到非常相似的价格大幅上涨和估值飙升。正如预期的那样，投资者目前希望未来收益将大幅上涨，足以证明当前价格的合理性。然而，支付高价的理由是美联储持续的资产负债表扩张。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f3562aea27b24ad4921d0f5cd497e072\" tg-width=\"804\" tg-height=\"444\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The following chart looks that the price advance and valuation measures a little differently. It shows the current deviation from the long-term exponential growth trend. Not surprisingly, during a market<i>“melt-up,”</i>there is a rapid deviation from the growth trend matching the acceleration in valuations.</p><p><blockquote>下图显示，价格上涨和估值指标略有不同。它显示了当前与长期指数增长趋势的背离。毫不奇怪，在市场期间<i>“融化。”</i>与估值加速相匹配的增长趋势出现了快速背离。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1419cf4b2afdcdc0f61e0cad862f498d\" tg-width=\"836\" tg-height=\"460\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The problem with market<i>“melt-ups”</i>is not the melt-up itself but what always follows.</p><p><blockquote>市场的问题<i>“融化”</i>不是融化本身，而是随之而来的一切。</blockquote></p><p> <b>Melting-Up Leads To Melting-Down</b></p><p><blockquote><b>熔化导致熔化</b></blockquote></p><p> A market melting-up is exciting while it lasts. During melt-ups, investors begin to rationalize why<i>“this time is different.”</i>They start taking on excess leverage to try and capitalize on the rapid advance in prices, and fundamentals take a back seat to price momentum.</p><p><blockquote>市场融化持续下去是令人兴奋的。在熔断期间，投资者开始合理化原因<i>“这次不一样。”</i>他们开始过度杠杆，试图利用价格的快速上涨，基本面让位于价格动能。</blockquote></p><p></p><p> Market melt-ups are all about<i>“psychology.”</i><b>Historically, whatever has been the catalyst to spark the disregard of risk is readily witnessed in the corresponding surge in price and valuations.</b>The chart below shows the long-term deviations in relative strength, deviations, and valuations. The previous<i>‘melt-up”</i>periods should be easy to spot when compared with the advance currently.</p><p><blockquote>市场融化都是关于<i>“心理学。”</i><b>从历史上看，无论引发忽视风险的催化剂是什么，都很容易在价格和估值的相应飙升中看到。</b>下图显示了相对强度、偏差和估值的长期偏差。上一篇<i>“融化”</i>与目前的进展相比，时期应该很容易发现。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bc04cb25c0199dd17475a551a5dd7ec1\" tg-width=\"869\" tg-height=\"1024\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Given that current extensions match only a few rare periods in history, a couple of points should be readily apparent.</p><p><blockquote>鉴于目前的延期仅与历史上少数罕见的时期相匹配，有几点应该是显而易见的。</blockquote></p><p> <ol>  <li><b><i>Melt-ups can longer than logic would predict.</i></b></li>  <li><b><i>The prevailing psychology is always “this time is different.”</i></b></li>  <li><b><i>Valuations are dismissed in exchange for measures of momentum and forward expectations.</i></b></li>  <li><b><i>Investors take on excess leverage and risk in order to participate in a seemingly “can’t lose” market.</i></b></li>  <li><b><i>Lastly, and inevitably, “melt-ups” end and always in the worst possible outcomes.</i></b></li> </ol> It is essential to recognize the markets are in a<i>“melt-up,</i>” and the duration of that event is unknowable. Therefore, investors need a strategy to participate in the advance and mitigate the damage from the eventual<i>“melting-down.”</i></p><p><blockquote><ol><li><b><i>融化的时间可能比逻辑预测的要长。</i></b></li><li><b><i>普遍的心理总是“这次不一样了”。</i></b></li><li><b><i>估值被驳回，以换取动量和前瞻性预期的衡量标准。</i></b></li><li><b><i>投资者为了参与一个看似“输不起”的市场，承担了过多的杠杆和风险。</i></b></li><li><b><i>最后，不可避免的是，“融化”以最糟糕的结果告终。</i></b></li></ol>必须认识到市场正处于<i>“融化，</i>“而且该事件的持续时间是未知的。因此，投资者需要一种策略来参与提前并减轻最终的损失<i>“熔化。”</i></blockquote></p><p> <b>Surviving The Melt-Up</b></p><p><blockquote><b>在融化中幸存下来</b></blockquote></p><p> <b>As noted, none of this means the next</b><b><i>“bear market”</i></b><b>is lurking.</b>Given that a market melting-up is a function of psychology, they can last longer and go further than logic would predict. What is required to “<i>end”</i>a melt-up is an unanticipated exogenous event that changes psychology from bullish to bearish. Such is when the stampede for the exits occurs, and prices decline very quickly.</p><p><blockquote><b>如上所述，这些都不意味着下一个</b><b><i>“熊市”</i></b><b>正在潜伏。</b>鉴于市场融化是心理作用，它们可以持续更长时间，走得比逻辑预测的更远。需要什么“<i>结束“</i>融化是一种意想不到的外生事件，它将心理从看涨转变为看跌。这就是人们蜂拥退出的时候，价格会迅速下跌。</blockquote></p><p> As such, investors need a set of guidelines to participate in the market advance. But, of course, the hard part is keeping those gains when corrections inevitably occur.</p><p><blockquote>因此，投资者需要一套指导方针来参与市场上涨。但是，当然，困难的部分是在不可避免地发生调整时保持这些收益。</blockquote></p><p> As portfolio managers for our clients, such is precisely the approach we must take. Accordingly, I have provided a general overview of the process that we employ.</p><p><blockquote>作为客户的投资组合经理，这正是我们必须采取的方法。因此，我提供了我们采用的流程的总体概述。</blockquote></p><p> <ol>  <li><i><b>Tighten up stop-loss levels</b></i><i>to current support levels for each position.(Provides identifiable exit points when the market reverses.)</i></li>  <li><i><b>Hedge portfolios</b></i><i>against major market declines.(Non-correlated assets, short-market positions, index put options)</i></li>  <li><i><b>Take profits</b></i><i>in positions that have been big winners(Rebalancing overbought or extended positions to capture gains but continue to participate in the advance.)</i></li>  <li><i><b>Sell laggards</b></i><i>and losers</i>.<i>(If something isn’t working in a market melt-up, it most likely won’t work during a broad decline. Better to eliminate the risk early.)</i></li>  <li><i><b>Raise cash</b></i><i>and rebalance portfolios to target weightings.(Rebalancing risk on a regular basis keeps hidden risks somewhat mitigated.)</i></li> </ol> <b>Notice, nothing in there says,</b><b><i>“sell everything and go to cash.”</i></b></p><p><blockquote><ol><li><i><b>收紧止损水平</b></i><i>每个头寸的当前支撑位。（当市场反转时提供可识别的退出点。）</i></li><li><i><b>对冲投资组合</b></i><i>（非相关资产、空头市场头寸、指数看跌期权）</i></li><li><i><b>获利了结</b></i><i>在已经成为大赢家的头寸中（重新平衡超买或扩展头寸以获取收益，但继续参与上涨。）</i></li><li><i><b>出售落后者</b></i><i>和失败者</i>.<i>（如果某些东西在市场融化时不起作用，那么在广泛下跌时很可能也不会起作用。最好尽早消除风险。）</i></li><li><i><b>筹集现金</b></i><i>并重新平衡投资组合以达到目标权重。（定期重新平衡风险可以在一定程度上减轻隐藏的风险。）</i></li></ol><b>注意，里面没有任何东西说，</b><b><i>“卖掉所有东西，去兑现。”</i></b></blockquote></p><p> There will be a time to raise significant levels of cash. A good portfolio management strategy will automatically ensure that<i>“stop-loss”</i>levels get triggered, exposure decreases, and cash levels rise when the selling begins.</p><p><blockquote>将会有一段时间来筹集大量现金。一个好的投资组合管理策略会自动确保<i>“止损”</i>当出售开始时，水平被触发，风险减少，现金水平上升。</blockquote></p><p> While it is essential to take advantage of the melt-up while it lasts, just don’t become overly complacent<i>“this time is different.”</i></p><p><blockquote>虽然有必要在融化持续期间利用它，但不要过于自满<i>“这次不一样。”</i></blockquote></p><p> It likely isn’t.</p><p><blockquote>很可能不是。</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>Technically Speaking: Is The Market \"Melting-Up?\"<blockquote>从技术上讲：市场正在“融化”吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTechnically Speaking: Is The Market \"Melting-Up?\"<blockquote>从技术上讲：市场正在“融化”吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-09-29 10:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Given the Fed’s ongoing balance sheet operations, investors fully believe they have protection from a decline.</li>  <li>As is always the case, the investing public believes future earnings will justify higher prices during a melt-up. It just never works out that way.</li>  <li>While it is essential to take advantage of the melt-up while it lasts, just don’t become overly complacent “this time is different”.</li> </ul> Is the<i>“market melting-up?”</i>Such was the question I received from my colleague at<i>Cut The Crap Investing.</i>It is an excellent question given the relentless increase in what investors believe is a<i>“no risk”</i>market.</p><p><blockquote><ul><li>鉴于美联储正在进行的资产负债表操作，投资者完全相信他们有能力免受经济衰退的影响。</li><li>与往常一样，投资大众相信未来的收益将证明在融化期间价格上涨是合理的。从来都不是那样的。</li><li>虽然在融化持续期间利用它是至关重要的，但不要过于自满“这次不同了”。</li></ul>是<i>“市场融化？”</i>这是我从我的同事那里收到的问题<i>少废话投资。</i>考虑到投资者认为的持续增长，这是一个很好的问题<i>“没有风险”</i>市场。</blockquote></p><p> Of course, we need a definition of precisely what constitutes a melt-up.</p><p><blockquote>当然，我们需要一个准确定义什么是融化。</blockquote></p><p>   <i>“A melt-up is a sustained and often unexpected improvement in the investment performance of an asset or asset class, driven partly</i>  <i><b>by a stampede of investors who don’t want to miss out on its rise,</b></i>  <i>rather than by fundamental improvements in the economy.“</i>–  <i>Investopedia</i>  Currently, there is sufficient evidence to support the idea of an exuberant market.<b><i>As noted previously:</i></b></p><p><blockquote><i>他说：“熔断是指一项资产或资产类别的投资表现持续且往往出乎意料的改善，部分原因是</i><i><b>不想错过其上涨机会的投资者蜂拥而至，</b></i><i>而不是经济的根本改善。”</i>–<i>投资百科</i>目前，有足够的证据支持市场繁荣的观点。<b><i>如前所述：</i></b></blockquote></p><p>   <i>“Near peaks of market cycles, investors become swept up by the underlying exuberance. That exuberance breeds the “rationalization” that “this time is different.” So how do you know the market is exuberant currently? Via Sentiment Trader:”</i>    <i>‘This type of market activity is an indication that markets have returned their ‘enthusiasm’ stage. Such is characterized by:’</i>  <ul>  <li><b><i>High optimism</i></b></li>  <li><b><i>Easy credit (too easy, with loose terms)</i></b></li>  <li><b><i>A rush of initial and secondary offerings</i></b></li>  <li><b><i>Risky stocks outperforming</i></b></li>  <li><b><i>Stretched valuations</i></b></li> </ul> <img src=\"https://static.tigerbbs.com/ff8de3a84084162ca86b415584bbf793\" tg-width=\"731\" tg-height=\"468\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote><i>“在市场周期接近顶峰时，投资者会被潜在的繁荣所席卷。这种繁荣滋生了“合理化”，即“这次不同了”。那么，你如何知道市场目前是繁荣的呢？通过情绪交易者：”</i><i>这种类型的市场活动表明市场已经回到了“热情”阶段。其特征在于：</i><ul><li><b><i>高度乐观</i></b></li><li><b><i>宽松信贷（太宽松，条款宽松）</i></b></li><li><b><i>首次和二次发行热潮</i></b></li><li><b><i>风险股跑赢大盘</i></b></li><li><b><i>估值过高</i></b></li></ul></blockquote></p><p> However, while one would expect individuals to exhibit caution in such an environment, the opposite is true. Given the Fed’s ongoing balance sheet operations, investors fully believe they have protection from a decline.</p><p><blockquote>然而，虽然人们会期望个人在这样的环境中表现出谨慎，但事实恰恰相反。鉴于美联储正在进行的资产负债表操作，投资者完全相信他们有能力免受经济衰退的影响。</blockquote></p><p> <b>A Visualization Of A Market Melting-Up</b></p><p><blockquote><b>市场融化的可视化</b></blockquote></p><p> It is often easier to visualize something rather than explain it.<b>Since 1900, only two previous market periods qualify as a melt-up: 1920-1929 and 1995-2000.</b>The chart below shows both periods in terms of price.</p><p><blockquote>想象某事通常比解释它更容易。<b>自1900年以来，只有两个市场时期符合熔化的条件：1920-1929年和1995-2000年。</b>下图显示了这两个时期的价格。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a218c7efe2ebd874d05c9ff7dd564436\" tg-width=\"797\" tg-height=\"437\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/9f193c9c32d55747bf7ff511c2f9fd53\" tg-width=\"793\" tg-height=\"439\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> However, the melt-up is also visually represented by the incredibly sharp rise in valuations. Such is essential because earnings are not rising at a fast enough clip to support higher prices.<b>As is always the case, the investing public believes future earnings will justify higher prices during a melt-up. It just never works out that way.</b></p><p><blockquote>然而，估值的大幅上涨也直观地体现了这种融化。这一点至关重要，因为盈利增长速度不足以支撑价格上涨。<b>与往常一样，投资大众相信未来的收益将证明在融化期间价格上涨是合理的。从来都不是那样的。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/c69e418d5a19d6fd03b305ab111e3be3\" tg-width=\"794\" tg-height=\"440\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/af03d3bbd071b8edfdf3a19e2c7b0bcd\" tg-width=\"796\" tg-height=\"437\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> We can compare those two previous periods with the current advance from the March 2020 lows. Again, we see a very similar sharp advance in price combined with a surge in valuations. As expected, investors are currently hoping that future earnings will rise sharply enough to justify current prices. However, the justification for paying high prices is the Federal Reserve’s ongoing balance sheet expansion.</p><p><blockquote>我们可以将前两个时期与当前从2020年3月低点的上涨进行比较。我们再次看到非常相似的价格大幅上涨和估值飙升。正如预期的那样，投资者目前希望未来收益将大幅上涨，足以证明当前价格的合理性。然而，支付高价的理由是美联储持续的资产负债表扩张。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f3562aea27b24ad4921d0f5cd497e072\" tg-width=\"804\" tg-height=\"444\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The following chart looks that the price advance and valuation measures a little differently. It shows the current deviation from the long-term exponential growth trend. Not surprisingly, during a market<i>“melt-up,”</i>there is a rapid deviation from the growth trend matching the acceleration in valuations.</p><p><blockquote>下图显示，价格上涨和估值指标略有不同。它显示了当前与长期指数增长趋势的背离。毫不奇怪，在市场期间<i>“融化。”</i>与估值加速相匹配的增长趋势出现了快速背离。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1419cf4b2afdcdc0f61e0cad862f498d\" tg-width=\"836\" tg-height=\"460\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The problem with market<i>“melt-ups”</i>is not the melt-up itself but what always follows.</p><p><blockquote>市场的问题<i>“融化”</i>不是融化本身，而是随之而来的一切。</blockquote></p><p> <b>Melting-Up Leads To Melting-Down</b></p><p><blockquote><b>熔化导致熔化</b></blockquote></p><p> A market melting-up is exciting while it lasts. During melt-ups, investors begin to rationalize why<i>“this time is different.”</i>They start taking on excess leverage to try and capitalize on the rapid advance in prices, and fundamentals take a back seat to price momentum.</p><p><blockquote>市场融化持续下去是令人兴奋的。在熔断期间，投资者开始合理化原因<i>“这次不一样。”</i>他们开始过度杠杆，试图利用价格的快速上涨，基本面让位于价格动能。</blockquote></p><p></p><p> Market melt-ups are all about<i>“psychology.”</i><b>Historically, whatever has been the catalyst to spark the disregard of risk is readily witnessed in the corresponding surge in price and valuations.</b>The chart below shows the long-term deviations in relative strength, deviations, and valuations. The previous<i>‘melt-up”</i>periods should be easy to spot when compared with the advance currently.</p><p><blockquote>市场融化都是关于<i>“心理学。”</i><b>从历史上看，无论引发忽视风险的催化剂是什么，都很容易在价格和估值的相应飙升中看到。</b>下图显示了相对强度、偏差和估值的长期偏差。上一篇<i>“融化”</i>与目前的进展相比，时期应该很容易发现。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bc04cb25c0199dd17475a551a5dd7ec1\" tg-width=\"869\" tg-height=\"1024\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Given that current extensions match only a few rare periods in history, a couple of points should be readily apparent.</p><p><blockquote>鉴于目前的延期仅与历史上少数罕见的时期相匹配，有几点应该是显而易见的。</blockquote></p><p> <ol>  <li><b><i>Melt-ups can longer than logic would predict.</i></b></li>  <li><b><i>The prevailing psychology is always “this time is different.”</i></b></li>  <li><b><i>Valuations are dismissed in exchange for measures of momentum and forward expectations.</i></b></li>  <li><b><i>Investors take on excess leverage and risk in order to participate in a seemingly “can’t lose” market.</i></b></li>  <li><b><i>Lastly, and inevitably, “melt-ups” end and always in the worst possible outcomes.</i></b></li> </ol> It is essential to recognize the markets are in a<i>“melt-up,</i>” and the duration of that event is unknowable. Therefore, investors need a strategy to participate in the advance and mitigate the damage from the eventual<i>“melting-down.”</i></p><p><blockquote><ol><li><b><i>融化的时间可能比逻辑预测的要长。</i></b></li><li><b><i>普遍的心理总是“这次不一样了”。</i></b></li><li><b><i>估值被驳回，以换取动量和前瞻性预期的衡量标准。</i></b></li><li><b><i>投资者为了参与一个看似“输不起”的市场，承担了过多的杠杆和风险。</i></b></li><li><b><i>最后，不可避免的是，“融化”以最糟糕的结果告终。</i></b></li></ol>必须认识到市场正处于<i>“融化，</i>“而且该事件的持续时间是未知的。因此，投资者需要一种策略来参与提前并减轻最终的损失<i>“熔化。”</i></blockquote></p><p> <b>Surviving The Melt-Up</b></p><p><blockquote><b>在融化中幸存下来</b></blockquote></p><p> <b>As noted, none of this means the next</b><b><i>“bear market”</i></b><b>is lurking.</b>Given that a market melting-up is a function of psychology, they can last longer and go further than logic would predict. What is required to “<i>end”</i>a melt-up is an unanticipated exogenous event that changes psychology from bullish to bearish. Such is when the stampede for the exits occurs, and prices decline very quickly.</p><p><blockquote><b>如上所述，这些都不意味着下一个</b><b><i>“熊市”</i></b><b>正在潜伏。</b>鉴于市场融化是心理作用，它们可以持续更长时间，走得比逻辑预测的更远。需要什么“<i>结束“</i>融化是一种意想不到的外生事件，它将心理从看涨转变为看跌。这就是人们蜂拥退出的时候，价格会迅速下跌。</blockquote></p><p> As such, investors need a set of guidelines to participate in the market advance. But, of course, the hard part is keeping those gains when corrections inevitably occur.</p><p><blockquote>因此，投资者需要一套指导方针来参与市场上涨。但是，当然，困难的部分是在不可避免地发生调整时保持这些收益。</blockquote></p><p> As portfolio managers for our clients, such is precisely the approach we must take. Accordingly, I have provided a general overview of the process that we employ.</p><p><blockquote>作为客户的投资组合经理，这正是我们必须采取的方法。因此，我提供了我们采用的流程的总体概述。</blockquote></p><p> <ol>  <li><i><b>Tighten up stop-loss levels</b></i><i>to current support levels for each position.(Provides identifiable exit points when the market reverses.)</i></li>  <li><i><b>Hedge portfolios</b></i><i>against major market declines.(Non-correlated assets, short-market positions, index put options)</i></li>  <li><i><b>Take profits</b></i><i>in positions that have been big winners(Rebalancing overbought or extended positions to capture gains but continue to participate in the advance.)</i></li>  <li><i><b>Sell laggards</b></i><i>and losers</i>.<i>(If something isn’t working in a market melt-up, it most likely won’t work during a broad decline. Better to eliminate the risk early.)</i></li>  <li><i><b>Raise cash</b></i><i>and rebalance portfolios to target weightings.(Rebalancing risk on a regular basis keeps hidden risks somewhat mitigated.)</i></li> </ol> <b>Notice, nothing in there says,</b><b><i>“sell everything and go to cash.”</i></b></p><p><blockquote><ol><li><i><b>收紧止损水平</b></i><i>每个头寸的当前支撑位。（当市场反转时提供可识别的退出点。）</i></li><li><i><b>对冲投资组合</b></i><i>（非相关资产、空头市场头寸、指数看跌期权）</i></li><li><i><b>获利了结</b></i><i>在已经成为大赢家的头寸中（重新平衡超买或扩展头寸以获取收益，但继续参与上涨。）</i></li><li><i><b>出售落后者</b></i><i>和失败者</i>.<i>（如果某些东西在市场融化时不起作用，那么在广泛下跌时很可能也不会起作用。最好尽早消除风险。）</i></li><li><i><b>筹集现金</b></i><i>并重新平衡投资组合以达到目标权重。（定期重新平衡风险可以在一定程度上减轻隐藏的风险。）</i></li></ol><b>注意，里面没有任何东西说，</b><b><i>“卖掉所有东西，去兑现。”</i></b></blockquote></p><p> There will be a time to raise significant levels of cash. A good portfolio management strategy will automatically ensure that<i>“stop-loss”</i>levels get triggered, exposure decreases, and cash levels rise when the selling begins.</p><p><blockquote>将会有一段时间来筹集大量现金。一个好的投资组合管理策略会自动确保<i>“止损”</i>当出售开始时，水平被触发，风险减少，现金水平上升。</blockquote></p><p> While it is essential to take advantage of the melt-up while it lasts, just don’t become overly complacent<i>“this time is different.”</i></p><p><blockquote>虽然有必要在融化持续期间利用它，但不要过于自满<i>“这次不一样。”</i></blockquote></p><p> It likely isn’t.</p><p><blockquote>很可能不是。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4457469-technically-speaking-is-the-market-melting-up\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"https://seekingalpha.com/article/4457469-technically-speaking-is-the-market-melting-up","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198528044","content_text":"Summary\n\nGiven the Fed’s ongoing balance sheet operations, investors fully believe they have protection from a decline.\nAs is always the case, the investing public believes future earnings will justify higher prices during a melt-up. It just never works out that way.\nWhile it is essential to take advantage of the melt-up while it lasts, just don’t become overly complacent “this time is different”.\n\nIs the“market melting-up?”Such was the question I received from my colleague atCut The Crap Investing.It is an excellent question given the relentless increase in what investors believe is a“no risk”market.\nOf course, we need a definition of precisely what constitutes a melt-up.\n\n“A melt-up is a sustained and often unexpected improvement in the investment performance of an asset or asset class, driven partly\nby a stampede of investors who don’t want to miss out on its rise,\nrather than by fundamental improvements in the economy.“–\n Investopedia\n\nCurrently, there is sufficient evidence to support the idea of an exuberant market.As noted previously:\n\n“Near peaks of market cycles, investors become swept up by the underlying exuberance. That exuberance breeds the “rationalization” that “this time is different.” So how do you know the market is exuberant currently? Via Sentiment Trader:”\n\n\n‘This type of market activity is an indication that markets have returned their ‘enthusiasm’ stage. Such is characterized by:’\n\n\nHigh optimism\nEasy credit (too easy, with loose terms)\nA rush of initial and secondary offerings\nRisky stocks outperforming\nStretched valuations\n\n\nHowever, while one would expect individuals to exhibit caution in such an environment, the opposite is true. Given the Fed’s ongoing balance sheet operations, investors fully believe they have protection from a decline.\nA Visualization Of A Market Melting-Up\nIt is often easier to visualize something rather than explain it.Since 1900, only two previous market periods qualify as a melt-up: 1920-1929 and 1995-2000.The chart below shows both periods in terms of price.\n\nHowever, the melt-up is also visually represented by the incredibly sharp rise in valuations. Such is essential because earnings are not rising at a fast enough clip to support higher prices.As is always the case, the investing public believes future earnings will justify higher prices during a melt-up. It just never works out that way.\n\nWe can compare those two previous periods with the current advance from the March 2020 lows. Again, we see a very similar sharp advance in price combined with a surge in valuations. As expected, investors are currently hoping that future earnings will rise sharply enough to justify current prices. However, the justification for paying high prices is the Federal Reserve’s ongoing balance sheet expansion.\n\nThe following chart looks that the price advance and valuation measures a little differently. It shows the current deviation from the long-term exponential growth trend. Not surprisingly, during a market“melt-up,”there is a rapid deviation from the growth trend matching the acceleration in valuations.\n\nThe problem with market“melt-ups”is not the melt-up itself but what always follows.\nMelting-Up Leads To Melting-Down\nA market melting-up is exciting while it lasts. During melt-ups, investors begin to rationalize why“this time is different.”They start taking on excess leverage to try and capitalize on the rapid advance in prices, and fundamentals take a back seat to price momentum.\nMarket melt-ups are all about“psychology.”Historically, whatever has been the catalyst to spark the disregard of risk is readily witnessed in the corresponding surge in price and valuations.The chart below shows the long-term deviations in relative strength, deviations, and valuations. The previous‘melt-up”periods should be easy to spot when compared with the advance currently.\n\nGiven that current extensions match only a few rare periods in history, a couple of points should be readily apparent.\n\nMelt-ups can longer than logic would predict.\nThe prevailing psychology is always “this time is different.”\nValuations are dismissed in exchange for measures of momentum and forward expectations.\nInvestors take on excess leverage and risk in order to participate in a seemingly “can’t lose” market.\nLastly, and inevitably, “melt-ups” end and always in the worst possible outcomes.\n\nIt is essential to recognize the markets are in a“melt-up,” and the duration of that event is unknowable. Therefore, investors need a strategy to participate in the advance and mitigate the damage from the eventual“melting-down.”\nSurviving The Melt-Up\nAs noted, none of this means the next“bear market”is lurking.Given that a market melting-up is a function of psychology, they can last longer and go further than logic would predict. What is required to “end”a melt-up is an unanticipated exogenous event that changes psychology from bullish to bearish. Such is when the stampede for the exits occurs, and prices decline very quickly.\nAs such, investors need a set of guidelines to participate in the market advance. But, of course, the hard part is keeping those gains when corrections inevitably occur.\nAs portfolio managers for our clients, such is precisely the approach we must take. Accordingly, I have provided a general overview of the process that we employ.\n\nTighten up stop-loss levelsto current support levels for each position.(Provides identifiable exit points when the market reverses.)\nHedge portfoliosagainst major market declines.(Non-correlated assets, short-market positions, index put options)\nTake profitsin positions that have been big winners(Rebalancing overbought or extended positions to capture gains but continue to participate in the advance.)\nSell laggardsand losers.(If something isn’t working in a market melt-up, it most likely won’t work during a broad decline. Better to eliminate the risk early.)\nRaise cashand rebalance portfolios to target weightings.(Rebalancing risk on a regular basis keeps hidden risks somewhat mitigated.)\n\nNotice, nothing in there says,“sell everything and go to cash.”\nThere will be a time to raise significant levels of cash. A good portfolio management strategy will automatically ensure that“stop-loss”levels get triggered, exposure decreases, and cash levels rise when the selling begins.\nWhile it is essential to take advantage of the melt-up while it lasts, just don’t become overly complacent“this time is different.”\nIt likely isn’t.","news_type":1,"symbols_score_info":{"SPY":0.9,".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":650,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":800946696,"gmtCreate":1627274482315,"gmtModify":1633766608668,"author":{"id":"3578467063156657","authorId":"3578467063156657","name":"pianhua","avatar":"https://static.tigerbbs.com/5fe016149cfce241ec0da0576393d835","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578467063156657","idStr":"3578467063156657"},"themes":[],"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/800946696","repostId":"1123832536","repostType":4,"isVote":1,"tweetType":1,"viewCount":547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170499325,"gmtCreate":1626444665467,"gmtModify":1633926677910,"author":{"id":"3578467063156657","authorId":"3578467063156657","name":"pianhua","avatar":"https://static.tigerbbs.com/5fe016149cfce241ec0da0576393d835","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578467063156657","idStr":"3578467063156657"},"themes":[],"htmlText":"Hello&nbsp;","listText":"Hello&nbsp;","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/170499325","repostId":"1119997447","repostType":4,"repost":{"id":"1119997447","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":1626443027,"share":"https://www.laohu8.com/m/news/1119997447?lang=zh_CN&edition=full","pubTime":"2021-07-16 21:43","market":"us","language":"en","title":"Airlines stocks gains in early trading, as Biden Hinting at Lifting Europe Travel Ban.<blockquote>由于拜登暗示取消欧洲旅行禁令，航空股早盘上涨。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1119997447","media":"Tiger Newspress","summary":"Airlines stocks gains in early trading, as Biden Hinting at Lifting Europe Travel Ban.\nUAL and DAL s","content":"<p>Airlines&nbsp;stocks&nbsp;gains&nbsp;in&nbsp;early&nbsp;trading,&nbsp;as&nbsp;Biden Hinting at Lifting Europe Travel Ban.</p><p><blockquote>由于拜登暗示取消欧洲旅行禁令，航空股早盘上涨。</blockquote></p><p> UAL&nbsp;and&nbsp;DAL&nbsp;shares&nbsp;rise&nbsp;more&nbsp;than&nbsp;1%,AAL&nbsp;is&nbsp;up&nbsp;0.5%.</p><p><blockquote>UAL和DAL股价上涨超过1%，AAL上涨0.</blockquote></p><p> <img src=\"https://static.tigerbbs.com/00597dcb6aef11ef28bb4c12d2240db1\" tg-width=\"1284\" tg-height=\"592\" referrerpolicy=\"no-referrer\">U.S. President Joe Biden signaled progress toward lifting a ban on travel from Europe, raising hopes for a reopening of the almost $40 billion North Atlantic air corridor 16 months after flights were grounded by Covid-19.</p><p><blockquote>美国总统乔·拜登表示，在取消来自欧洲的旅行禁令方面取得了进展，这增加了人们对价值近400亿美元的北大西洋空中走廊在航班因Covid-19停飞16个月后重新开放的希望。</blockquote></p><p> “It’s in process now,” Biden said at a news conference with Merkel following their meeting. “I’m waiting to hear from our folks, our Covid team, as to when that should be done.”</p><p><blockquote>“现在正在进行中，”拜登在与默克尔会面后举行的新闻发布会上表示。“我正在等待我们的家人、我们的新冠团队关于何时应该这样做的消息。”</blockquote></p><p> He said to expect an answer “within the next several days.”</p><p><blockquote>他说预计“在接下来的几天内”会得到答复。</blockquote></p><p> Removing the ban would be a boon for carriers on both sides of the Atlantic. Former President Donald Trump barred entry from most of Europe, including the U.K., in March 2020, and Biden extended the policy early in his term.</p><p><blockquote>取消禁令对大西洋两岸的航空公司来说都是一个福音。前总统唐纳德·特朗普（Donald Trump）于2020年3月禁止包括英国在内的欧洲大部分地区入境，拜登在任期早期延长了这一政策。</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>Airlines stocks gains in early trading, as Biden Hinting at Lifting Europe Travel Ban.<blockquote>由于拜登暗示取消欧洲旅行禁令，航空股早盘上涨。</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\">\nAirlines stocks gains in early trading, as Biden Hinting at Lifting Europe Travel Ban.<blockquote>由于拜登暗示取消欧洲旅行禁令，航空股早盘上涨。</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\">2021-07-16 21:43</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Airlines&nbsp;stocks&nbsp;gains&nbsp;in&nbsp;early&nbsp;trading,&nbsp;as&nbsp;Biden Hinting at Lifting Europe Travel Ban.</p><p><blockquote>由于拜登暗示取消欧洲旅行禁令，航空股早盘上涨。</blockquote></p><p> UAL&nbsp;and&nbsp;DAL&nbsp;shares&nbsp;rise&nbsp;more&nbsp;than&nbsp;1%,AAL&nbsp;is&nbsp;up&nbsp;0.5%.</p><p><blockquote>UAL和DAL股价上涨超过1%，AAL上涨0.</blockquote></p><p> <img src=\"https://static.tigerbbs.com/00597dcb6aef11ef28bb4c12d2240db1\" tg-width=\"1284\" tg-height=\"592\" referrerpolicy=\"no-referrer\">U.S. President Joe Biden signaled progress toward lifting a ban on travel from Europe, raising hopes for a reopening of the almost $40 billion North Atlantic air corridor 16 months after flights were grounded by Covid-19.</p><p><blockquote>美国总统乔·拜登表示，在取消来自欧洲的旅行禁令方面取得了进展，这增加了人们对价值近400亿美元的北大西洋空中走廊在航班因Covid-19停飞16个月后重新开放的希望。</blockquote></p><p> “It’s in process now,” Biden said at a news conference with Merkel following their meeting. “I’m waiting to hear from our folks, our Covid team, as to when that should be done.”</p><p><blockquote>“现在正在进行中，”拜登在与默克尔会面后举行的新闻发布会上表示。“我正在等待我们的家人、我们的新冠团队关于何时应该这样做的消息。”</blockquote></p><p> He said to expect an answer “within the next several days.”</p><p><blockquote>他说预计“在接下来的几天内”会得到答复。</blockquote></p><p> Removing the ban would be a boon for carriers on both sides of the Atlantic. Former President Donald Trump barred entry from most of Europe, including the U.K., in March 2020, and Biden extended the policy early in his term.</p><p><blockquote>取消禁令对大西洋两岸的航空公司来说都是一个福音。前总统唐纳德·特朗普（Donald Trump）于2020年3月禁止包括英国在内的欧洲大部分地区入境，拜登在任期早期延长了这一政策。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LUV":"西南航空","AAL":"美国航空","DAL":"达美航空","UAL":"联合大陆航空"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119997447","content_text":"Airlines stocks gains in early trading, as Biden Hinting at Lifting Europe Travel Ban.\nUAL and DAL shares rise more than 1%,AAL is up 0.5%.\nU.S. President Joe Biden signaled progress toward lifting a ban on travel from Europe, raising hopes for a reopening of the almost $40 billion North Atlantic air corridor 16 months after flights were grounded by Covid-19.\n“It’s in process now,” Biden said at a news conference with Merkel following their meeting. “I’m waiting to hear from our folks, our Covid team, as to when that should be done.”\nHe said to expect an answer “within the next several days.”\nRemoving the ban would be a boon for carriers on both sides of the Atlantic. Former President Donald Trump barred entry from most of Europe, including the U.K., in March 2020, and Biden extended the policy early in his term.","news_type":1,"symbols_score_info":{"LUV":0.9,"AAL":0.9,"UAL":0.9,"DAL":0.9}},"isVote":1,"tweetType":1,"viewCount":406,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144914905,"gmtCreate":1626260770907,"gmtModify":1633928552307,"author":{"id":"3578467063156657","authorId":"3578467063156657","name":"pianhua","avatar":"https://static.tigerbbs.com/5fe016149cfce241ec0da0576393d835","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578467063156657","idStr":"3578467063156657"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/144914905","repostId":"2151158165","repostType":4,"repost":{"id":"2151158165","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1626259561,"share":"https://www.laohu8.com/m/news/2151158165?lang=zh_CN&edition=full","pubTime":"2021-07-14 18:46","market":"us","language":"en","title":"Bank of America Q2 EPS $1.03 Beats $0.77 Estimate, Sales $21.50B Miss $21.83B Estimate<blockquote>美国银行第二季度EPS$1.03超出预期$0.77，销售额$21.50 B低于预期$21.83 B</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2151158165","media":"Benzinga","summary":"-Dow Jones","content":"<p>Bank of America Q2 EPS $1.03 Beats $0.77 Estimate, Sales $21.50B Miss $21.83B Estimate.</p><p><blockquote>美国银行第二季度EPS$1.03超出预期$0.77，销售额$21.50 B低于预期$21.83 B。</blockquote></p><p> Bank of America Corp reported a jump in second-quarter profit on Wednesday as it released reserves it had set aside last year to cover potential loan losses tied to the pandemic.</p><p><blockquote>美国银行周三公布第二季度利润大幅增长，因为该公司释放了去年为弥补与疫情相关的潜在贷款损失而预留的准备金。</blockquote></p><p> The bank’s net income applicable to common shareholders rose to $8.96 billion, or $1.03 per share, from $3.28 billion, or 37 cents per share, a year earlier.</p><p><blockquote>该行的归属于普通股股东的净收入从上年同期的32.8亿美元，或每股37美分，上升至89.6亿美元，或每股1.03亿美元。</blockquote></p><p> Analysts on average had expected a profit of 77 cents per share, according to IBES estimate from Refinitiv.</p><p><blockquote>根据Refinitiv的IBES估计，分析师平均预期每股利润为77美分。</blockquote></p><p> The Federal Reserve last year brought in ultra-low interest rates to allow for a more rapid recovery from the pandemic-induced recession. Such low rates eat into the income of lenders like Bank of America, which make profit from the difference between what they earn on loans and pay out on deposits.</p><p><blockquote>美联储去年实行了超低利率，以更快地从大流行引发的衰退中复苏。如此低的利率侵蚀了美国银行等银行的收入，这些银行从贷款收入和存款支出之间的差额中获利。</blockquote></p><p> Strong momentum in job growth and vaccinations against COVID-19 have underpinned a recovery in the broader economy, However, Wall Street’s biggest banks are still expected to feel the pinch from low rates.</p><p><blockquote>强劲的就业增长势头和针对COVID-19的疫苗接种支撑了整体经济的复苏，然而，华尔街最大的银行预计仍将感受到低利率带来的压力。</blockquote></p><p> Executives at JPMorgan Chase &amp; Co warned on Tuesday that the sunny outlook for the U.S. economy would not make for blockbuster revenues in the short term due to low interest rates, weak loan demand and a slowdown in trading.</p><p><blockquote>摩根大通高管周二警告称，由于低利率、贷款需求疲软和交易放缓，美国经济的光明前景不会在短期内带来重磅收入。</blockquote></p><p> Bank of America, the second-largest U.S. bank by assets, released $2.2 billion of reserves in the quarter, reflecting the improved economic outlook. The release, however, was lower than the $2.7 billion it had set aside in the previous quarter.</p><p><blockquote>按资产计算，美国第二大银行美国银行在本季度释放了22亿美元的准备金，反映了经济前景的改善。然而，此次释放的资金低于上一季度预留的27亿美元。</blockquote></p><p> Overall revenue, net of interest expense, dropped 4% to $21.5 billion.</p><p><blockquote>扣除利息支出后的总收入下降4%至215亿美元。</blockquote></p><p> Bank&nbsp;of&nbsp;America&nbsp;shares&nbsp;fell&nbsp;2%&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>美国银行股价在盘前交易中下跌2%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/afdc90bc748a5b7b5f8f4aa42de529dc\" tg-width=\"1280\" tg-height=\"622\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America Q2 EPS $1.03 Beats $0.77 Estimate, Sales $21.50B Miss $21.83B Estimate<blockquote>美国银行第二季度EPS$1.03超出预期$0.77，销售额$21.50 B低于预期$21.83 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; }\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\">\nBank of America Q2 EPS $1.03 Beats $0.77 Estimate, Sales $21.50B Miss $21.83B Estimate<blockquote>美国银行第二季度EPS$1.03超出预期$0.77，销售额$21.50 B低于预期$21.83 B</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-07-14 18:46</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Bank of America Q2 EPS $1.03 Beats $0.77 Estimate, Sales $21.50B Miss $21.83B Estimate.</p><p><blockquote>美国银行第二季度EPS$1.03超出预期$0.77，销售额$21.50 B低于预期$21.83 B。</blockquote></p><p> Bank of America Corp reported a jump in second-quarter profit on Wednesday as it released reserves it had set aside last year to cover potential loan losses tied to the pandemic.</p><p><blockquote>美国银行周三公布第二季度利润大幅增长，因为该公司释放了去年为弥补与疫情相关的潜在贷款损失而预留的准备金。</blockquote></p><p> The bank’s net income applicable to common shareholders rose to $8.96 billion, or $1.03 per share, from $3.28 billion, or 37 cents per share, a year earlier.</p><p><blockquote>该行的归属于普通股股东的净收入从上年同期的32.8亿美元，或每股37美分，上升至89.6亿美元，或每股1.03亿美元。</blockquote></p><p> Analysts on average had expected a profit of 77 cents per share, according to IBES estimate from Refinitiv.</p><p><blockquote>根据Refinitiv的IBES估计，分析师平均预期每股利润为77美分。</blockquote></p><p> The Federal Reserve last year brought in ultra-low interest rates to allow for a more rapid recovery from the pandemic-induced recession. Such low rates eat into the income of lenders like Bank of America, which make profit from the difference between what they earn on loans and pay out on deposits.</p><p><blockquote>美联储去年实行了超低利率，以更快地从大流行引发的衰退中复苏。如此低的利率侵蚀了美国银行等银行的收入，这些银行从贷款收入和存款支出之间的差额中获利。</blockquote></p><p> Strong momentum in job growth and vaccinations against COVID-19 have underpinned a recovery in the broader economy, However, Wall Street’s biggest banks are still expected to feel the pinch from low rates.</p><p><blockquote>强劲的就业增长势头和针对COVID-19的疫苗接种支撑了整体经济的复苏，然而，华尔街最大的银行预计仍将感受到低利率带来的压力。</blockquote></p><p> Executives at JPMorgan Chase &amp; Co warned on Tuesday that the sunny outlook for the U.S. economy would not make for blockbuster revenues in the short term due to low interest rates, weak loan demand and a slowdown in trading.</p><p><blockquote>摩根大通高管周二警告称，由于低利率、贷款需求疲软和交易放缓，美国经济的光明前景不会在短期内带来重磅收入。</blockquote></p><p> Bank of America, the second-largest U.S. bank by assets, released $2.2 billion of reserves in the quarter, reflecting the improved economic outlook. The release, however, was lower than the $2.7 billion it had set aside in the previous quarter.</p><p><blockquote>按资产计算，美国第二大银行美国银行在本季度释放了22亿美元的准备金，反映了经济前景的改善。然而，此次释放的资金低于上一季度预留的27亿美元。</blockquote></p><p> Overall revenue, net of interest expense, dropped 4% to $21.5 billion.</p><p><blockquote>扣除利息支出后的总收入下降4%至215亿美元。</blockquote></p><p> Bank&nbsp;of&nbsp;America&nbsp;shares&nbsp;fell&nbsp;2%&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>美国银行股价在盘前交易中下跌2%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/afdc90bc748a5b7b5f8f4aa42de529dc\" tg-width=\"1280\" tg-height=\"622\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QTWO":"Q2 Holdings Inc","BAC":"美国银行"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2151158165","content_text":"Bank of America Q2 EPS $1.03 Beats $0.77 Estimate, Sales $21.50B Miss $21.83B Estimate.\nBank of America Corp reported a jump in second-quarter profit on Wednesday as it released reserves it had set aside last year to cover potential loan losses tied to the pandemic.\nThe bank’s net income applicable to common shareholders rose to $8.96 billion, or $1.03 per share, from $3.28 billion, or 37 cents per share, a year earlier.\nAnalysts on average had expected a profit of 77 cents per share, according to IBES estimate from Refinitiv.\nThe Federal Reserve last year brought in ultra-low interest rates to allow for a more rapid recovery from the pandemic-induced recession. Such low rates eat into the income of lenders like Bank of America, which make profit from the difference between what they earn on loans and pay out on deposits.\nStrong momentum in job growth and vaccinations against COVID-19 have underpinned a recovery in the broader economy, However, Wall Street’s biggest banks are still expected to feel the pinch from low rates.\nExecutives at JPMorgan Chase & Co warned on Tuesday that the sunny outlook for the U.S. economy would not make for blockbuster revenues in the short term due to low interest rates, weak loan demand and a slowdown in trading.\nBank of America, the second-largest U.S. bank by assets, released $2.2 billion of reserves in the quarter, reflecting the improved economic outlook. The release, however, was lower than the $2.7 billion it had set aside in the previous quarter.\nOverall revenue, net of interest expense, dropped 4% to $21.5 billion.\nBank of America shares fell 2% in premarket trading.","news_type":1,"symbols_score_info":{"QTWO":0.9,"BAC":0.9}},"isVote":1,"tweetType":1,"viewCount":259,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154834691,"gmtCreate":1625496062513,"gmtModify":1633940193493,"author":{"id":"3578467063156657","authorId":"3578467063156657","name":"pianhua","avatar":"https://static.tigerbbs.com/5fe016149cfce241ec0da0576393d835","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578467063156657","idStr":"3578467063156657"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/154834691","repostId":"1139574200","repostType":4,"isVote":1,"tweetType":1,"viewCount":372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111836374,"gmtCreate":1622674497498,"gmtModify":1634099402981,"author":{"id":"3578467063156657","authorId":"3578467063156657","name":"pianhua","avatar":"https://static.tigerbbs.com/5fe016149cfce241ec0da0576393d835","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578467063156657","idStr":"3578467063156657"},"themes":[],"htmlText":"Like n comment&nbsp;","listText":"Like n comment&nbsp;","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/111836374","repostId":"2140102614","repostType":4,"isVote":1,"tweetType":1,"viewCount":221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}