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2021-04-23

Good job PM lee

抱歉，原内容已删除

2021-03-31

Hahaha

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2021-03-31

Nice...

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2021-03-28

Long tesla... As long as cathie support

Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</blockquote>

2021-03-24

Good luck to my fellow investor

2021-03-10

Haha

GE Announced Tons Wednesday. This Was the Real Bombshell.<blockquote>通用电气周三宣布了吨。这才是真正的重磅消息。</blockquote>

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tesla... As long as cathie support","listText":"Long tesla... As long as cathie support","text":"Long tesla... As long as cathie support","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/352921034","repostId":"1111192234","repostType":4,"repost":{"id":"1111192234","kind":"news","pubTimestamp":1616772179,"share":"https://www.laohu8.com/m/news/1111192234?lang=zh_CN&edition=full","pubTime":"2021-03-26 23:22","market":"us","language":"en","title":"Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111192234","media":"Barrons","summary":"The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.Numbers will matter even more for richly valued, high-growth companies such as Tesla. Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors and Ford Motor have taken unexpected plant downtime recently and","content":"<p>The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.</p><p><blockquote>第一季度再过几天就结束了。这意味着汽车制造商的更多交付数据即将发布。对于投资者来说，这些数字将比平时更重要。原因很简单：全球汽车微芯片短缺正在扰乱整个汽车行业。</blockquote></p><p> Numbers will matter even more for richly valued, high-growth companies such as&nbsp;Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both&nbsp;General Motors(GM) and&nbsp;Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.</p><p><blockquote>对于特斯拉（股票代码：TSLA）等估值高、高增长的公司来说，数字将更加重要。特斯拉投资者想要增长，而芯片形势正在挤压增长。通用汽车(GM)和福特汽车(F)最近都意外停工，并称芯片问题是2021年10亿美元利润的阻力。这不是投资者想听到的。</blockquote></p><p> Everyone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.</p><p><blockquote>每个人都意识到了这个问题。尽管如此，当第一季度数据公布时，如果业绩弱于预期，投资者必须决定是否给特斯拉或任何其他快速增长的电动汽车制造商一个通行证。</blockquote></p><p> So far the market isn’t feeling charitable. But the sample size is only one stock.</p><p><blockquote>到目前为止，市场并不仁慈。但样本量只有一只股票。</blockquote></p><p> NIO&nbsp;shares (NIO) are down more than 6% in Friday trading after the EV maker&nbsp;reduced guidance&nbsp;for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.</p><p><blockquote>电动汽车制造商蔚来（蔚来）将第一季度交付量指引从约20,250辆下调至约19,500辆，该公司股价在周五交易中下跌超过6%。蔚来管理层以芯片短缺为由，将从3月29日开始关闭一家制造工厂五天。</blockquote></p><p> For Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.</p><p><blockquote>对于特斯拉，华尔街正在寻找3月份交付的约16.2万辆汽车。这低于峰值估计的约183,000辆。分析师似乎正在减少数量，可能是因为短缺。</blockquote></p><p> Tesla delivered about 181,000 vehicles in the&nbsp;fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.</p><p><blockquote>特斯拉第四季度交付了约18.1万辆汽车。分析师预计2021年全年汽车交付量将接近80万辆，同比增长约60%。</blockquote></p><p> RBC analyst&nbsp;Joe Spak&nbsp;is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting&nbsp;Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.</p><p><blockquote>RBC分析师Joe Spak预测第一季度交付量为17万辆，同比增长90%以上。他还预测，本季度特斯拉将在加州生产96,000辆汽车，在中国生产74,000辆汽车。斯帕克在周四的一份报告中写道：“共识[估计]看起来基本合理。”“我们确实在寻找最新消息，以了解semi短缺如何影响特斯拉——就像它对行业其他部门一样。”他认为，由于芯片的原因，预期存在一些额外的下行风险，尤其是第二季度的数据。</blockquote></p><p> Spak rates Tesla stock Hold and has a $725 price target for shares.</p><p><blockquote>Spak将特斯拉股票评级为持有，目标价为725美元。</blockquote></p><p> In the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.</p><p><blockquote>就特斯拉股票而言，芯片短缺已经让位于利率上升。利率上升主要以两种方式影响成长型股票。首先，这使得增长的融资成本更高。蔚来尚未盈利。高增长公司的大部分现金流是在遥远的未来产生的。相对而言，当投资者今天可以用现金赚取更高的利率时，现金流的价值就会低一些。</blockquote></p><p> Tesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The&nbsp;S&amp;P 500is up about 0.7%.</p><p><blockquote>特斯拉股价在2020年上涨超过740%后，今年迄今已下跌约10%。周五早盘交易中，股价下跌0.9%，至634.40美元。标准普尔500指数上涨约0.7%。</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>Tesla Deliveries Are Coming. They Matter More Than Ever. 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They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-03-26 23:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.</p><p><blockquote>第一季度再过几天就结束了。这意味着汽车制造商的更多交付数据即将发布。对于投资者来说，这些数字将比平时更重要。原因很简单：全球汽车微芯片短缺正在扰乱整个汽车行业。</blockquote></p><p> Numbers will matter even more for richly valued, high-growth companies such as&nbsp;Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both&nbsp;General Motors(GM) and&nbsp;Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.</p><p><blockquote>对于特斯拉（股票代码：TSLA）等估值高、高增长的公司来说，数字将更加重要。特斯拉投资者想要增长，而芯片形势正在挤压增长。通用汽车(GM)和福特汽车(F)最近都意外停工，并称芯片问题是2021年10亿美元利润的阻力。这不是投资者想听到的。</blockquote></p><p> Everyone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.</p><p><blockquote>每个人都意识到了这个问题。尽管如此，当第一季度数据公布时，如果业绩弱于预期，投资者必须决定是否给特斯拉或任何其他快速增长的电动汽车制造商一个通行证。</blockquote></p><p> So far the market isn’t feeling charitable. But the sample size is only one stock.</p><p><blockquote>到目前为止，市场并不仁慈。但样本量只有一只股票。</blockquote></p><p> NIO&nbsp;shares (NIO) are down more than 6% in Friday trading after the EV maker&nbsp;reduced guidance&nbsp;for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.</p><p><blockquote>电动汽车制造商蔚来（蔚来）将第一季度交付量指引从约20,250辆下调至约19,500辆，该公司股价在周五交易中下跌超过6%。蔚来管理层以芯片短缺为由，将从3月29日开始关闭一家制造工厂五天。</blockquote></p><p> For Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.</p><p><blockquote>对于特斯拉，华尔街正在寻找3月份交付的约16.2万辆汽车。这低于峰值估计的约183,000辆。分析师似乎正在减少数量，可能是因为短缺。</blockquote></p><p> Tesla delivered about 181,000 vehicles in the&nbsp;fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.</p><p><blockquote>特斯拉第四季度交付了约18.1万辆汽车。分析师预计2021年全年汽车交付量将接近80万辆，同比增长约60%。</blockquote></p><p> RBC analyst&nbsp;Joe Spak&nbsp;is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting&nbsp;Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.</p><p><blockquote>RBC分析师Joe Spak预测第一季度交付量为17万辆，同比增长90%以上。他还预测，本季度特斯拉将在加州生产96,000辆汽车，在中国生产74,000辆汽车。斯帕克在周四的一份报告中写道：“共识[估计]看起来基本合理。”“我们确实在寻找最新消息，以了解semi短缺如何影响特斯拉——就像它对行业其他部门一样。”他认为，由于芯片的原因，预期存在一些额外的下行风险，尤其是第二季度的数据。</blockquote></p><p> Spak rates Tesla stock Hold and has a $725 price target for shares.</p><p><blockquote>Spak将特斯拉股票评级为持有，目标价为725美元。</blockquote></p><p> In the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.</p><p><blockquote>就特斯拉股票而言，芯片短缺已经让位于利率上升。利率上升主要以两种方式影响成长型股票。首先，这使得增长的融资成本更高。蔚来尚未盈利。高增长公司的大部分现金流是在遥远的未来产生的。相对而言，当投资者今天可以用现金赚取更高的利率时，现金流的价值就会低一些。</blockquote></p><p> Tesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The&nbsp;S&amp;P 500is up about 0.7%.</p><p><blockquote>特斯拉股价在2020年上涨超过740%后，今年迄今已下跌约10%。周五早盘交易中，股价下跌0.9%，至634.40美元。标准普尔500指数上涨约0.7%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3\">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":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111192234","content_text":"The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.\nNumbers will matter even more for richly valued, high-growth companies such as Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors(GM) and Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.\nEveryone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.\nSo far the market isn’t feeling charitable. But the sample size is only one stock.\nNIO shares (NIO) are down more than 6% in Friday trading after the EV maker reduced guidance for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.\nFor Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.\nTesla delivered about 181,000 vehicles in the fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.\nRBC analyst Joe Spak is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.\nSpak rates Tesla stock Hold and has a $725 price target for shares.\nIn the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.\nTesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The S&P 500is up about 0.7%.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353442004,"gmtCreate":1616516935208,"gmtModify":1634525386761,"author":{"id":"3578472165464903","authorId":"3578472165464903","name":"Siewleerocks","avatar":"https://static.tigerbbs.com/f00504e0b6e3e8236e593d86c0ce08ed","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578472165464903","authorIdStr":"3578472165464903"},"themes":[],"title":"","htmlText":"Good luck to my fellow investor","listText":"Good luck to my fellow investor","text":"Good luck to my fellow investor","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":21,"repostSize":0,"link":"https://laohu8.com/post/353442004","isVote":1,"tweetType":1,"viewCount":2484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321304766,"gmtCreate":1615391953555,"gmtModify":1703488466285,"author":{"id":"3578472165464903","authorId":"3578472165464903","name":"Siewleerocks","avatar":"https://static.tigerbbs.com/f00504e0b6e3e8236e593d86c0ce08ed","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578472165464903","authorIdStr":"3578472165464903"},"themes":[],"title":"","htmlText":"Haha","listText":"Haha","text":"Haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":11,"repostSize":0,"link":"https://laohu8.com/post/321304766","repostId":"1176282144","repostType":4,"repost":{"id":"1176282144","kind":"news","pubTimestamp":1615389675,"share":"https://www.laohu8.com/m/news/1176282144?lang=zh_CN&edition=full","pubTime":"2021-03-10 23:21","market":"us","language":"en","title":"GE Announced Tons Wednesday. This Was the Real Bombshell.<blockquote>通用电气周三宣布了吨。这才是真正的重磅消息。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1176282144","media":"Barrons","summary":"General Electricis having a very busy day, with news that it sold itsjet-leasing business to AerCapa","content":"<p>General Electricis having a very busy day, with news that it sold itsjet-leasing business&nbsp;to&nbsp;AerCapand financial forecasts for 2021. But the multibillion-dollar deal and theoutlookfor the post-pandemic industrial landscape take a back seat to the conglomerate’s plan for a reverse stock split.</p><p><blockquote>通用电气公司度过了非常忙碌的一天，有消息称其将喷气式飞机租赁业务出售给了 Aercapa，并对 2021 年进行了财务预测。但这笔数十亿美元的交易和大流行后工业格局的前景让位于该集团反向股票分割的计划。</blockquote></p><p> General Electric (ticker: GE) is proposing to give investors one share for every eight they now hold. That will take its share price to about $112, based on recent levels, reducing the shares outstanding to about 1.1 billion from a little less than9 billion.</p><p><blockquote>通用电气（股票代码：GE）提议向投资者每持有八股股票赠送一股。根据最近的水平，这将使其股价达到约 112 美元，使流通股从略低于 90 亿股减少到约 11 亿股。</blockquote></p><p> The question is why? Most companiesspit their stock, creating a lower share price and more shares outstanding, as stock prices rise over time. Companies appear to like to have a stock price at a certain level, following the Goldilocks principle of not too high and not too low.</p><p><blockquote>问题是为什么？随着股价随时间的推移而上涨，大多数公司都会抛售股票，从而导致股价降低和流通股增多。公司似乎喜欢股价处于一定水平，遵循不太高也不太低的金发女郎原则。</blockquote></p><p> That appears to be the reason for this reverse split, too. A scan of GE’s peers shows share prices in the $100 to $200 range and share counts in the hundreds of millions. GE simply looks like an outlier.</p><p><blockquote>这似乎也是这种反向分裂的原因。对通用电气同行的扫描显示，其股价在 100 美元到 200 美元之间，股票价值高达数亿美元。通用电气看起来只是一个异类。</blockquote></p><p> Investors like splits. They take them as a sign that things are getting better and that management expects prices to rise in the near future. Reverse splits, on the other hand, can make investors nervous. They can be interpreted as a sign the business is getting worse.</p><p><blockquote>投资者喜欢分割。他们认为这表明情况正在好转，管理层预计价格将在不久的将来上涨。另一方面，反向分割可能会让投资者感到紧张。它们可以被解释为生意越来越糟的迹象。</blockquote></p><p> The academic data appears to bear that fear out. A<i>Journal of Finance</i>study partly authored by Nobel laureate Eugene Fama found that splits are favorable and that reverse splits are ominous for one- and three-year forward stock returns. Splitters outperform the market and reverse splitters lag behind it.</p><p><blockquote>学术数据似乎证实了这种担忧。一个<i>金融杂志</i>部分由诺贝尔奖获得者尤金·法马撰写的研究发现，拆分是有利的，而反向拆分对于一年期和三年期远期股票回报来说是不祥的。分离器跑赢市场，反向分离器落后于市场。</blockquote></p><p> But there are a few caveats. First, the data set included almost 6,000 stock splits, but fewer than 100 reverse splits. Reverse splits are very rare. It’s tough to make a blanket statement from a small data set.</p><p><blockquote>但是有一些注意事项。首先，数据集包括近 6,000 次股票分割，但不到 100 次反向分割。反向分裂非常罕见。很难从一个小的数据集中做出一概而论的说法。</blockquote></p><p> What is more, many academic papers look at old data. The Fama data set includes stocks trading in the 1970s, 1980s and 1990s. A lot has changed in the marketplace since then.</p><p><blockquote>更重要的是，许多学术论文都着眼于旧数据。Fama数据集包括20世纪70年代、80年代和90年代的股票交易。从那时起，市场发生了很大变化。</blockquote></p><p> One common theme of stock-split studies, for instance, is a split’s impact on overall liquidity. A lower share price is simply within reach of more shareholders. More investors means more stock trading on any given day. That can make shares less volatile and less risky.</p><p><blockquote>例如，股票分割研究的一个共同主题是分割对整体流动性的影响。更多的股东可以负担得起较低的股价。更多的投资者意味着任何一天都有更多的股票交易。这可以降低股票的波动性和风险。</blockquote></p><p> Now, though, brokers offer share “slices” for as little as $5, essentially giving stock exposure to anyone who wants it, despite the absolute level any stock trades at.</p><p><blockquote>不过现在，经纪商以低至 5 美元的价格提供股票 “切片 ”，基本上是让任何想要接触股票的人都能接触到股票，尽管任何股票的交易价格都是绝对的。</blockquote></p><p> Concern about a deteriorating business may not be a factor with GE’s reverse split. The company isn’t what it once was, but that is old news. GE stock is down roughly 75% from its all-time high, but the slide happened long ago. CEOLarry Culpwas brought in during 2018 to turn around struggling operations.</p><p><blockquote>对业务恶化的担忧可能不是通用电气反向拆分的一个因素。公司今非昔比，但这已经是旧闻了。通用电气股价较历史高点下跌约 75%，但下滑发生在很久以前。首席执行官拉里·卡尔普 (Larry Culpwas) 于 2018 年上任，以扭转陷入困境的运营局面。</blockquote></p><p> A lot of progress has been made. GE has paid back more than $70 billion in debt over the past few years. Deals such as the jet-leasing sale toAerCap(AER), the sale of the biopharma business toDanaher(DHR) and sales of stock in the oil-services providerBaker Hughes(BKR) are making the reduction possible.</p><p><blockquote>已经取得了很大进展。过去几年，通用电气已经偿还了超过700亿美元的债务。向 Aercap (AER) 出售喷气式飞机租赁业务、向 Danaher (DHR) 出售生物制药业务以及出售石油服务提供商贝克休斯 (BKR) 的股票等交易使减产成为可能。</blockquote></p><p> Despite the pandemic, which devastated demand for travel and the jet-aircraft engines GE makes, the stock is trading at the highest level since Culp took over. Coming into Wednesday, shares were up about30% year to date, far better than comparable gains of theS&amp;P 500andDow Jones Industrial Average.</p><p><blockquote>尽管疫情摧毁了旅行需求和通用电气制造的喷气式飞机发动机，但该股仍处于卡尔普接手以来的最高水平。截至周三，该股今年迄今已上涨约 30%，远远好于标准普尔 500 指数和道琼斯工业平均指数的可比涨幅。</blockquote></p><p> Investors are focusing now on what GE said about its future. GEmaintained its forecastsfor about 20 cents in per-share earnings and about $3.5 billion in free cash flow for 2021. Management says there will be modest growth in the key aviation business.</p><p><blockquote>投资者现在关注的是通用电气对其未来的说法。GE 维持对 2021 年每股收益约 20 美分和约 35 亿美元自由现金流的预测。管理层表示，关键航空业务将出现适度增长。</blockquote></p><p> That limited growth would return GE Aviation’s sales to levels realized around 2017, far from their pre-pandemic level in 201. That looks like a cautious call now that vaccines are rolling out across the globe, but Culp is fine with that.</p><p><blockquote>这种有限的增长将使通用电气航空公司的销售额恢复到 2017 年左右的水平，远远低于 201 年大流行前的水平。现在疫苗正在全球推广，这看起来像是一个谨慎的看涨期权，但卡尔普对此没有意见。</blockquote></p><p> ““We won’t be offended if [anyone] calls us conservative,” he told<i>Barron’s</i>.</p><p><blockquote>“他说：”如果[任何人]评级美国保守派，我们不会被冒犯。<i>巴伦</i>.</blockquote></p><p> Being conservative is probably the right move for GE given all the internal and industrywide challenges the company has faced in recent years.</p><p><blockquote>考虑到通用电气近年来面临的所有内部和行业挑战，保守可能是正确的做法。</blockquote></p><p> The stock split is neither conservative nor aggressive. But it is another sign things are changing and that GE wants to be viewed as an industrial conglomerate, and not as the hybrid of manufacturing and finance the company became during the 1990s and 2000s.</p><p><blockquote>股票分割既不保守也不激进。但这也是情况正在发生变化的另一个迹象，表明通用电气希望被视为一家工业集团，而不是该公司在 20 世纪 90 年代和 21 世纪初成为的制造和金融混合体。</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>GE Announced Tons Wednesday. This Was the Real Bombshell.<blockquote>通用电气周三宣布了吨。这才是真正的重磅消息。</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\">\nGE Announced Tons Wednesday. This Was the Real Bombshell.<blockquote>通用电气周三宣布了吨。这才是真正的重磅消息。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-03-10 23:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p>General Electricis having a very busy day, with news that it sold itsjet-leasing business&nbsp;to&nbsp;AerCapand financial forecasts for 2021. But the multibillion-dollar deal and theoutlookfor the post-pandemic industrial landscape take a back seat to the conglomerate’s plan for a reverse stock split.</p><p><blockquote>通用电气公司度过了非常忙碌的一天，有消息称其将喷气式飞机租赁业务出售给了 Aercapa，并对 2021 年进行了财务预测。但这笔数十亿美元的交易和大流行后工业格局的前景让位于该集团反向股票分割的计划。</blockquote></p><p> General Electric (ticker: GE) is proposing to give investors one share for every eight they now hold. That will take its share price to about $112, based on recent levels, reducing the shares outstanding to about 1.1 billion from a little less than9 billion.</p><p><blockquote>通用电气（股票代码：GE）提议向投资者每持有八股股票赠送一股。根据最近的水平，这将使其股价达到约 112 美元，使流通股从略低于 90 亿股减少到约 11 亿股。</blockquote></p><p> The question is why? Most companiesspit their stock, creating a lower share price and more shares outstanding, as stock prices rise over time. Companies appear to like to have a stock price at a certain level, following the Goldilocks principle of not too high and not too low.</p><p><blockquote>问题是为什么？随着股价随时间的推移而上涨，大多数公司都会抛售股票，从而导致股价降低和流通股增多。公司似乎喜欢股价处于一定水平，遵循不太高也不太低的金发女郎原则。</blockquote></p><p> That appears to be the reason for this reverse split, too. A scan of GE’s peers shows share prices in the $100 to $200 range and share counts in the hundreds of millions. GE simply looks like an outlier.</p><p><blockquote>这似乎也是这种反向分裂的原因。对通用电气同行的扫描显示，其股价在 100 美元到 200 美元之间，股票价值高达数亿美元。通用电气看起来只是一个异类。</blockquote></p><p> Investors like splits. They take them as a sign that things are getting better and that management expects prices to rise in the near future. Reverse splits, on the other hand, can make investors nervous. They can be interpreted as a sign the business is getting worse.</p><p><blockquote>投资者喜欢分割。他们认为这表明情况正在好转，管理层预计价格将在不久的将来上涨。另一方面，反向分割可能会让投资者感到紧张。它们可以被解释为生意越来越糟的迹象。</blockquote></p><p> The academic data appears to bear that fear out. A<i>Journal of Finance</i>study partly authored by Nobel laureate Eugene Fama found that splits are favorable and that reverse splits are ominous for one- and three-year forward stock returns. Splitters outperform the market and reverse splitters lag behind it.</p><p><blockquote>学术数据似乎证实了这种担忧。一个<i>金融杂志</i>部分由诺贝尔奖获得者尤金·法马撰写的研究发现，拆分是有利的，而反向拆分对于一年期和三年期远期股票回报来说是不祥的。分离器跑赢市场，反向分离器落后于市场。</blockquote></p><p> But there are a few caveats. First, the data set included almost 6,000 stock splits, but fewer than 100 reverse splits. Reverse splits are very rare. It’s tough to make a blanket statement from a small data set.</p><p><blockquote>但是有一些注意事项。首先，数据集包括近 6,000 次股票分割，但不到 100 次反向分割。反向分裂非常罕见。很难从一个小的数据集中做出一概而论的说法。</blockquote></p><p> What is more, many academic papers look at old data. The Fama data set includes stocks trading in the 1970s, 1980s and 1990s. A lot has changed in the marketplace since then.</p><p><blockquote>更重要的是，许多学术论文都着眼于旧数据。Fama数据集包括20世纪70年代、80年代和90年代的股票交易。从那时起，市场发生了很大变化。</blockquote></p><p> One common theme of stock-split studies, for instance, is a split’s impact on overall liquidity. A lower share price is simply within reach of more shareholders. More investors means more stock trading on any given day. That can make shares less volatile and less risky.</p><p><blockquote>例如，股票分割研究的一个共同主题是分割对整体流动性的影响。更多的股东可以负担得起较低的股价。更多的投资者意味着任何一天都有更多的股票交易。这可以降低股票的波动性和风险。</blockquote></p><p> Now, though, brokers offer share “slices” for as little as $5, essentially giving stock exposure to anyone who wants it, despite the absolute level any stock trades at.</p><p><blockquote>不过现在，经纪商以低至 5 美元的价格提供股票 “切片 ”，基本上是让任何想要接触股票的人都能接触到股票，尽管任何股票的交易价格都是绝对的。</blockquote></p><p> Concern about a deteriorating business may not be a factor with GE’s reverse split. The company isn’t what it once was, but that is old news. GE stock is down roughly 75% from its all-time high, but the slide happened long ago. CEOLarry Culpwas brought in during 2018 to turn around struggling operations.</p><p><blockquote>对业务恶化的担忧可能不是通用电气反向拆分的一个因素。公司今非昔比，但这已经是旧闻了。通用电气股价较历史高点下跌约 75%，但下滑发生在很久以前。首席执行官拉里·卡尔普 (Larry Culpwas) 于 2018 年上任，以扭转陷入困境的运营局面。</blockquote></p><p> A lot of progress has been made. GE has paid back more than $70 billion in debt over the past few years. Deals such as the jet-leasing sale toAerCap(AER), the sale of the biopharma business toDanaher(DHR) and sales of stock in the oil-services providerBaker Hughes(BKR) are making the reduction possible.</p><p><blockquote>已经取得了很大进展。过去几年，通用电气已经偿还了超过700亿美元的债务。向 Aercap (AER) 出售喷气式飞机租赁业务、向 Danaher (DHR) 出售生物制药业务以及出售石油服务提供商贝克休斯 (BKR) 的股票等交易使减产成为可能。</blockquote></p><p> Despite the pandemic, which devastated demand for travel and the jet-aircraft engines GE makes, the stock is trading at the highest level since Culp took over. Coming into Wednesday, shares were up about30% year to date, far better than comparable gains of theS&amp;P 500andDow Jones Industrial Average.</p><p><blockquote>尽管疫情摧毁了旅行需求和通用电气制造的喷气式飞机发动机，但该股仍处于卡尔普接手以来的最高水平。截至周三，该股今年迄今已上涨约 30%，远远好于标准普尔 500 指数和道琼斯工业平均指数的可比涨幅。</blockquote></p><p> Investors are focusing now on what GE said about its future. GEmaintained its forecastsfor about 20 cents in per-share earnings and about $3.5 billion in free cash flow for 2021. Management says there will be modest growth in the key aviation business.</p><p><blockquote>投资者现在关注的是通用电气对其未来的说法。GE 维持对 2021 年每股收益约 20 美分和约 35 亿美元自由现金流的预测。管理层表示，关键航空业务将出现适度增长。</blockquote></p><p> That limited growth would return GE Aviation’s sales to levels realized around 2017, far from their pre-pandemic level in 201. That looks like a cautious call now that vaccines are rolling out across the globe, but Culp is fine with that.</p><p><blockquote>这种有限的增长将使通用电气航空公司的销售额恢复到 2017 年左右的水平，远远低于 201 年大流行前的水平。现在疫苗正在全球推广，这看起来像是一个谨慎的看涨期权，但卡尔普对此没有意见。</blockquote></p><p> ““We won’t be offended if [anyone] calls us conservative,” he told<i>Barron’s</i>.</p><p><blockquote>“他说：”如果[任何人]评级美国保守派，我们不会被冒犯。<i>巴伦</i>.</blockquote></p><p> Being conservative is probably the right move for GE given all the internal and industrywide challenges the company has faced in recent years.</p><p><blockquote>考虑到通用电气近年来面临的所有内部和行业挑战，保守可能是正确的做法。</blockquote></p><p> The stock split is neither conservative nor aggressive. But it is another sign things are changing and that GE wants to be viewed as an industrial conglomerate, and not as the hybrid of manufacturing and finance the company became during the 1990s and 2000s.</p><p><blockquote>股票分割既不保守也不激进。但这也是情况正在发生变化的另一个迹象，表明通用电气希望被视为一家工业集团，而不是该公司在 20 世纪 90 年代和 21 世纪初成为的制造和金融混合体。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/ge-announced-tons-wednesday-this-was-the-real-bombshell-51615389095?mod=RTA\">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":{"GE":"GE航空航天"},"source_url":"https://www.barrons.com/articles/ge-announced-tons-wednesday-this-was-the-real-bombshell-51615389095?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176282144","content_text":"General Electricis having a very busy day, with news that it sold itsjet-leasing business to AerCapand financial forecasts for 2021. But the multibillion-dollar deal and theoutlookfor the post-pandemic industrial landscape take a back seat to the conglomerate’s plan for a reverse stock split.\nGeneral Electric (ticker: GE) is proposing to give investors one share for every eight they now hold. That will take its share price to about $112, based on recent levels, reducing the shares outstanding to about 1.1 billion from a little less than9 billion.\nThe question is why? Most companiesspit their stock, creating a lower share price and more shares outstanding, as stock prices rise over time. Companies appear to like to have a stock price at a certain level, following the Goldilocks principle of not too high and not too low.\nThat appears to be the reason for this reverse split, too. A scan of GE’s peers shows share prices in the $100 to $200 range and share counts in the hundreds of millions. GE simply looks like an outlier.\nInvestors like splits. They take them as a sign that things are getting better and that management expects prices to rise in the near future. Reverse splits, on the other hand, can make investors nervous. They can be interpreted as a sign the business is getting worse.\nThe academic data appears to bear that fear out. AJournal of Financestudy partly authored by Nobel laureate Eugene Fama found that splits are favorable and that reverse splits are ominous for one- and three-year forward stock returns. Splitters outperform the market and reverse splitters lag behind it.\nBut there are a few caveats. First, the data set included almost 6,000 stock splits, but fewer than 100 reverse splits. Reverse splits are very rare. It’s tough to make a blanket statement from a small data set.\nWhat is more, many academic papers look at old data. The Fama data set includes stocks trading in the 1970s, 1980s and 1990s. A lot has changed in the marketplace since then.\nOne common theme of stock-split studies, for instance, is a split’s impact on overall liquidity. A lower share price is simply within reach of more shareholders. More investors means more stock trading on any given day. That can make shares less volatile and less risky.\nNow, though, brokers offer share “slices” for as little as $5, essentially giving stock exposure to anyone who wants it, despite the absolute level any stock trades at.\nConcern about a deteriorating business may not be a factor with GE’s reverse split. The company isn’t what it once was, but that is old news. GE stock is down roughly 75% from its all-time high, but the slide happened long ago. CEOLarry Culpwas brought in during 2018 to turn around struggling operations.\nA lot of progress has been made. GE has paid back more than $70 billion in debt over the past few years. Deals such as the jet-leasing sale toAerCap(AER), the sale of the biopharma business toDanaher(DHR) and sales of stock in the oil-services providerBaker Hughes(BKR) are making the reduction possible.\nDespite the pandemic, which devastated demand for travel and the jet-aircraft engines GE makes, the stock is trading at the highest level since Culp took over. Coming into Wednesday, shares were up about30% year to date, far better than comparable gains of theS&P 500andDow Jones Industrial Average.\nInvestors are focusing now on what GE said about its future. GEmaintained its forecastsfor about 20 cents in per-share earnings and about $3.5 billion in free cash flow for 2021. Management says there will be modest growth in the key aviation business.\nThat limited growth would return GE Aviation’s sales to levels realized around 2017, far from their pre-pandemic level in 201. That looks like a cautious call now that vaccines are rolling out across the globe, but Culp is fine with that.\n““We won’t be offended if [anyone] calls us conservative,” he toldBarron’s.\nBeing conservative is probably the right move for GE given all the internal and industrywide challenges the company has faced in recent years.\nThe stock split is neither conservative nor aggressive. But it is another sign things are changing and that GE wants to be viewed as an industrial conglomerate, and not as the hybrid of manufacturing and finance the company became during the 1990s and 2000s.","news_type":1,"symbols_score_info":{"GE":0.9}},"isVote":1,"tweetType":1,"viewCount":3945,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":354599295,"gmtCreate":1617184474517,"gmtModify":1634522213857,"author":{"id":"3578472165464903","authorId":"3578472165464903","name":"Siewleerocks","avatar":"https://static.tigerbbs.com/f00504e0b6e3e8236e593d86c0ce08ed","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578472165464903","idStr":"3578472165464903"},"themes":[],"title":"","htmlText":"Hahaha","listText":"Hahaha","text":"Hahaha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":27,"repostSize":0,"link":"https://laohu8.com/post/354599295","repostId":"2123244659","repostType":4,"isVote":1,"tweetType":1,"viewCount":3442,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372188252,"gmtCreate":1619186100376,"gmtModify":1634287914342,"author":{"id":"3578472165464903","authorId":"3578472165464903","name":"Siewleerocks","avatar":"https://static.tigerbbs.com/f00504e0b6e3e8236e593d86c0ce08ed","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578472165464903","idStr":"3578472165464903"},"themes":[],"title":"","htmlText":"Good job PM lee","listText":"Good job PM lee","text":"Good job PM lee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":17,"repostSize":0,"link":"https://laohu8.com/post/372188252","repostId":"1143062408","repostType":4,"isVote":1,"tweetType":1,"viewCount":3827,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353442004,"gmtCreate":1616516935208,"gmtModify":1634525386761,"author":{"id":"3578472165464903","authorId":"3578472165464903","name":"Siewleerocks","avatar":"https://static.tigerbbs.com/f00504e0b6e3e8236e593d86c0ce08ed","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578472165464903","idStr":"3578472165464903"},"themes":[],"title":"","htmlText":"Good luck to my fellow investor","listText":"Good luck to my fellow investor","text":"Good luck to my fellow investor","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":21,"repostSize":0,"link":"https://laohu8.com/post/353442004","isVote":1,"tweetType":1,"viewCount":2484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321304766,"gmtCreate":1615391953555,"gmtModify":1703488466285,"author":{"id":"3578472165464903","authorId":"3578472165464903","name":"Siewleerocks","avatar":"https://static.tigerbbs.com/f00504e0b6e3e8236e593d86c0ce08ed","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578472165464903","idStr":"3578472165464903"},"themes":[],"title":"","htmlText":"Haha","listText":"Haha","text":"Haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":11,"repostSize":0,"link":"https://laohu8.com/post/321304766","repostId":"1176282144","repostType":4,"repost":{"id":"1176282144","kind":"news","pubTimestamp":1615389675,"share":"https://www.laohu8.com/m/news/1176282144?lang=zh_CN&edition=full","pubTime":"2021-03-10 23:21","market":"us","language":"en","title":"GE Announced Tons Wednesday. This Was the Real Bombshell.<blockquote>通用电气周三宣布了吨。这才是真正的重磅消息。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1176282144","media":"Barrons","summary":"General Electricis having a very busy day, with news that it sold itsjet-leasing business to AerCapa","content":"<p>General Electricis having a very busy day, with news that it sold itsjet-leasing business&nbsp;to&nbsp;AerCapand financial forecasts for 2021. But the multibillion-dollar deal and theoutlookfor the post-pandemic industrial landscape take a back seat to the conglomerate’s plan for a reverse stock split.</p><p><blockquote>通用电气公司度过了非常忙碌的一天，有消息称其将喷气式飞机租赁业务出售给了 Aercapa，并对 2021 年进行了财务预测。但这笔数十亿美元的交易和大流行后工业格局的前景让位于该集团反向股票分割的计划。</blockquote></p><p> General Electric (ticker: GE) is proposing to give investors one share for every eight they now hold. That will take its share price to about $112, based on recent levels, reducing the shares outstanding to about 1.1 billion from a little less than9 billion.</p><p><blockquote>通用电气（股票代码：GE）提议向投资者每持有八股股票赠送一股。根据最近的水平，这将使其股价达到约 112 美元，使流通股从略低于 90 亿股减少到约 11 亿股。</blockquote></p><p> The question is why? Most companiesspit their stock, creating a lower share price and more shares outstanding, as stock prices rise over time. Companies appear to like to have a stock price at a certain level, following the Goldilocks principle of not too high and not too low.</p><p><blockquote>问题是为什么？随着股价随时间的推移而上涨，大多数公司都会抛售股票，从而导致股价降低和流通股增多。公司似乎喜欢股价处于一定水平，遵循不太高也不太低的金发女郎原则。</blockquote></p><p> That appears to be the reason for this reverse split, too. A scan of GE’s peers shows share prices in the $100 to $200 range and share counts in the hundreds of millions. GE simply looks like an outlier.</p><p><blockquote>这似乎也是这种反向分裂的原因。对通用电气同行的扫描显示，其股价在 100 美元到 200 美元之间，股票价值高达数亿美元。通用电气看起来只是一个异类。</blockquote></p><p> Investors like splits. They take them as a sign that things are getting better and that management expects prices to rise in the near future. Reverse splits, on the other hand, can make investors nervous. They can be interpreted as a sign the business is getting worse.</p><p><blockquote>投资者喜欢分割。他们认为这表明情况正在好转，管理层预计价格将在不久的将来上涨。另一方面，反向分割可能会让投资者感到紧张。它们可以被解释为生意越来越糟的迹象。</blockquote></p><p> The academic data appears to bear that fear out. A<i>Journal of Finance</i>study partly authored by Nobel laureate Eugene Fama found that splits are favorable and that reverse splits are ominous for one- and three-year forward stock returns. Splitters outperform the market and reverse splitters lag behind it.</p><p><blockquote>学术数据似乎证实了这种担忧。一个<i>金融杂志</i>部分由诺贝尔奖获得者尤金·法马撰写的研究发现，拆分是有利的，而反向拆分对于一年期和三年期远期股票回报来说是不祥的。分离器跑赢市场，反向分离器落后于市场。</blockquote></p><p> But there are a few caveats. First, the data set included almost 6,000 stock splits, but fewer than 100 reverse splits. Reverse splits are very rare. It’s tough to make a blanket statement from a small data set.</p><p><blockquote>但是有一些注意事项。首先，数据集包括近 6,000 次股票分割，但不到 100 次反向分割。反向分裂非常罕见。很难从一个小的数据集中做出一概而论的说法。</blockquote></p><p> What is more, many academic papers look at old data. The Fama data set includes stocks trading in the 1970s, 1980s and 1990s. A lot has changed in the marketplace since then.</p><p><blockquote>更重要的是，许多学术论文都着眼于旧数据。Fama数据集包括20世纪70年代、80年代和90年代的股票交易。从那时起，市场发生了很大变化。</blockquote></p><p> One common theme of stock-split studies, for instance, is a split’s impact on overall liquidity. A lower share price is simply within reach of more shareholders. More investors means more stock trading on any given day. That can make shares less volatile and less risky.</p><p><blockquote>例如，股票分割研究的一个共同主题是分割对整体流动性的影响。更多的股东可以负担得起较低的股价。更多的投资者意味着任何一天都有更多的股票交易。这可以降低股票的波动性和风险。</blockquote></p><p> Now, though, brokers offer share “slices” for as little as $5, essentially giving stock exposure to anyone who wants it, despite the absolute level any stock trades at.</p><p><blockquote>不过现在，经纪商以低至 5 美元的价格提供股票 “切片 ”，基本上是让任何想要接触股票的人都能接触到股票，尽管任何股票的交易价格都是绝对的。</blockquote></p><p> Concern about a deteriorating business may not be a factor with GE’s reverse split. The company isn’t what it once was, but that is old news. GE stock is down roughly 75% from its all-time high, but the slide happened long ago. CEOLarry Culpwas brought in during 2018 to turn around struggling operations.</p><p><blockquote>对业务恶化的担忧可能不是通用电气反向拆分的一个因素。公司今非昔比，但这已经是旧闻了。通用电气股价较历史高点下跌约 75%，但下滑发生在很久以前。首席执行官拉里·卡尔普 (Larry Culpwas) 于 2018 年上任，以扭转陷入困境的运营局面。</blockquote></p><p> A lot of progress has been made. GE has paid back more than $70 billion in debt over the past few years. Deals such as the jet-leasing sale toAerCap(AER), the sale of the biopharma business toDanaher(DHR) and sales of stock in the oil-services providerBaker Hughes(BKR) are making the reduction possible.</p><p><blockquote>已经取得了很大进展。过去几年，通用电气已经偿还了超过700亿美元的债务。向 Aercap (AER) 出售喷气式飞机租赁业务、向 Danaher (DHR) 出售生物制药业务以及出售石油服务提供商贝克休斯 (BKR) 的股票等交易使减产成为可能。</blockquote></p><p> Despite the pandemic, which devastated demand for travel and the jet-aircraft engines GE makes, the stock is trading at the highest level since Culp took over. Coming into Wednesday, shares were up about30% year to date, far better than comparable gains of theS&amp;P 500andDow Jones Industrial Average.</p><p><blockquote>尽管疫情摧毁了旅行需求和通用电气制造的喷气式飞机发动机，但该股仍处于卡尔普接手以来的最高水平。截至周三，该股今年迄今已上涨约 30%，远远好于标准普尔 500 指数和道琼斯工业平均指数的可比涨幅。</blockquote></p><p> Investors are focusing now on what GE said about its future. GEmaintained its forecastsfor about 20 cents in per-share earnings and about $3.5 billion in free cash flow for 2021. Management says there will be modest growth in the key aviation business.</p><p><blockquote>投资者现在关注的是通用电气对其未来的说法。GE 维持对 2021 年每股收益约 20 美分和约 35 亿美元自由现金流的预测。管理层表示，关键航空业务将出现适度增长。</blockquote></p><p> That limited growth would return GE Aviation’s sales to levels realized around 2017, far from their pre-pandemic level in 201. That looks like a cautious call now that vaccines are rolling out across the globe, but Culp is fine with that.</p><p><blockquote>这种有限的增长将使通用电气航空公司的销售额恢复到 2017 年左右的水平，远远低于 201 年大流行前的水平。现在疫苗正在全球推广，这看起来像是一个谨慎的看涨期权，但卡尔普对此没有意见。</blockquote></p><p> ““We won’t be offended if [anyone] calls us conservative,” he told<i>Barron’s</i>.</p><p><blockquote>“他说：”如果[任何人]评级美国保守派，我们不会被冒犯。<i>巴伦</i>.</blockquote></p><p> Being conservative is probably the right move for GE given all the internal and industrywide challenges the company has faced in recent years.</p><p><blockquote>考虑到通用电气近年来面临的所有内部和行业挑战，保守可能是正确的做法。</blockquote></p><p> The stock split is neither conservative nor aggressive. But it is another sign things are changing and that GE wants to be viewed as an industrial conglomerate, and not as the hybrid of manufacturing and finance the company became during the 1990s and 2000s.</p><p><blockquote>股票分割既不保守也不激进。但这也是情况正在发生变化的另一个迹象，表明通用电气希望被视为一家工业集团，而不是该公司在 20 世纪 90 年代和 21 世纪初成为的制造和金融混合体。</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>GE Announced Tons Wednesday. This Was the Real Bombshell.<blockquote>通用电气周三宣布了吨。这才是真正的重磅消息。</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\">\nGE Announced Tons Wednesday. This Was the Real Bombshell.<blockquote>通用电气周三宣布了吨。这才是真正的重磅消息。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-03-10 23:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p>General Electricis having a very busy day, with news that it sold itsjet-leasing business&nbsp;to&nbsp;AerCapand financial forecasts for 2021. But the multibillion-dollar deal and theoutlookfor the post-pandemic industrial landscape take a back seat to the conglomerate’s plan for a reverse stock split.</p><p><blockquote>通用电气公司度过了非常忙碌的一天，有消息称其将喷气式飞机租赁业务出售给了 Aercapa，并对 2021 年进行了财务预测。但这笔数十亿美元的交易和大流行后工业格局的前景让位于该集团反向股票分割的计划。</blockquote></p><p> General Electric (ticker: GE) is proposing to give investors one share for every eight they now hold. That will take its share price to about $112, based on recent levels, reducing the shares outstanding to about 1.1 billion from a little less than9 billion.</p><p><blockquote>通用电气（股票代码：GE）提议向投资者每持有八股股票赠送一股。根据最近的水平，这将使其股价达到约 112 美元，使流通股从略低于 90 亿股减少到约 11 亿股。</blockquote></p><p> The question is why? Most companiesspit their stock, creating a lower share price and more shares outstanding, as stock prices rise over time. Companies appear to like to have a stock price at a certain level, following the Goldilocks principle of not too high and not too low.</p><p><blockquote>问题是为什么？随着股价随时间的推移而上涨，大多数公司都会抛售股票，从而导致股价降低和流通股增多。公司似乎喜欢股价处于一定水平，遵循不太高也不太低的金发女郎原则。</blockquote></p><p> That appears to be the reason for this reverse split, too. A scan of GE’s peers shows share prices in the $100 to $200 range and share counts in the hundreds of millions. GE simply looks like an outlier.</p><p><blockquote>这似乎也是这种反向分裂的原因。对通用电气同行的扫描显示，其股价在 100 美元到 200 美元之间，股票价值高达数亿美元。通用电气看起来只是一个异类。</blockquote></p><p> Investors like splits. They take them as a sign that things are getting better and that management expects prices to rise in the near future. Reverse splits, on the other hand, can make investors nervous. They can be interpreted as a sign the business is getting worse.</p><p><blockquote>投资者喜欢分割。他们认为这表明情况正在好转，管理层预计价格将在不久的将来上涨。另一方面，反向分割可能会让投资者感到紧张。它们可以被解释为生意越来越糟的迹象。</blockquote></p><p> The academic data appears to bear that fear out. A<i>Journal of Finance</i>study partly authored by Nobel laureate Eugene Fama found that splits are favorable and that reverse splits are ominous for one- and three-year forward stock returns. Splitters outperform the market and reverse splitters lag behind it.</p><p><blockquote>学术数据似乎证实了这种担忧。一个<i>金融杂志</i>部分由诺贝尔奖获得者尤金·法马撰写的研究发现，拆分是有利的，而反向拆分对于一年期和三年期远期股票回报来说是不祥的。分离器跑赢市场，反向分离器落后于市场。</blockquote></p><p> But there are a few caveats. First, the data set included almost 6,000 stock splits, but fewer than 100 reverse splits. Reverse splits are very rare. It’s tough to make a blanket statement from a small data set.</p><p><blockquote>但是有一些注意事项。首先，数据集包括近 6,000 次股票分割，但不到 100 次反向分割。反向分裂非常罕见。很难从一个小的数据集中做出一概而论的说法。</blockquote></p><p> What is more, many academic papers look at old data. The Fama data set includes stocks trading in the 1970s, 1980s and 1990s. A lot has changed in the marketplace since then.</p><p><blockquote>更重要的是，许多学术论文都着眼于旧数据。Fama数据集包括20世纪70年代、80年代和90年代的股票交易。从那时起，市场发生了很大变化。</blockquote></p><p> One common theme of stock-split studies, for instance, is a split’s impact on overall liquidity. A lower share price is simply within reach of more shareholders. More investors means more stock trading on any given day. That can make shares less volatile and less risky.</p><p><blockquote>例如，股票分割研究的一个共同主题是分割对整体流动性的影响。更多的股东可以负担得起较低的股价。更多的投资者意味着任何一天都有更多的股票交易。这可以降低股票的波动性和风险。</blockquote></p><p> Now, though, brokers offer share “slices” for as little as $5, essentially giving stock exposure to anyone who wants it, despite the absolute level any stock trades at.</p><p><blockquote>不过现在，经纪商以低至 5 美元的价格提供股票 “切片 ”，基本上是让任何想要接触股票的人都能接触到股票，尽管任何股票的交易价格都是绝对的。</blockquote></p><p> Concern about a deteriorating business may not be a factor with GE’s reverse split. The company isn’t what it once was, but that is old news. GE stock is down roughly 75% from its all-time high, but the slide happened long ago. CEOLarry Culpwas brought in during 2018 to turn around struggling operations.</p><p><blockquote>对业务恶化的担忧可能不是通用电气反向拆分的一个因素。公司今非昔比，但这已经是旧闻了。通用电气股价较历史高点下跌约 75%，但下滑发生在很久以前。首席执行官拉里·卡尔普 (Larry Culpwas) 于 2018 年上任，以扭转陷入困境的运营局面。</blockquote></p><p> A lot of progress has been made. GE has paid back more than $70 billion in debt over the past few years. Deals such as the jet-leasing sale toAerCap(AER), the sale of the biopharma business toDanaher(DHR) and sales of stock in the oil-services providerBaker Hughes(BKR) are making the reduction possible.</p><p><blockquote>已经取得了很大进展。过去几年，通用电气已经偿还了超过700亿美元的债务。向 Aercap (AER) 出售喷气式飞机租赁业务、向 Danaher (DHR) 出售生物制药业务以及出售石油服务提供商贝克休斯 (BKR) 的股票等交易使减产成为可能。</blockquote></p><p> Despite the pandemic, which devastated demand for travel and the jet-aircraft engines GE makes, the stock is trading at the highest level since Culp took over. Coming into Wednesday, shares were up about30% year to date, far better than comparable gains of theS&amp;P 500andDow Jones Industrial Average.</p><p><blockquote>尽管疫情摧毁了旅行需求和通用电气制造的喷气式飞机发动机，但该股仍处于卡尔普接手以来的最高水平。截至周三，该股今年迄今已上涨约 30%，远远好于标准普尔 500 指数和道琼斯工业平均指数的可比涨幅。</blockquote></p><p> Investors are focusing now on what GE said about its future. GEmaintained its forecastsfor about 20 cents in per-share earnings and about $3.5 billion in free cash flow for 2021. Management says there will be modest growth in the key aviation business.</p><p><blockquote>投资者现在关注的是通用电气对其未来的说法。GE 维持对 2021 年每股收益约 20 美分和约 35 亿美元自由现金流的预测。管理层表示，关键航空业务将出现适度增长。</blockquote></p><p> That limited growth would return GE Aviation’s sales to levels realized around 2017, far from their pre-pandemic level in 201. That looks like a cautious call now that vaccines are rolling out across the globe, but Culp is fine with that.</p><p><blockquote>这种有限的增长将使通用电气航空公司的销售额恢复到 2017 年左右的水平，远远低于 201 年大流行前的水平。现在疫苗正在全球推广，这看起来像是一个谨慎的看涨期权，但卡尔普对此没有意见。</blockquote></p><p> ““We won’t be offended if [anyone] calls us conservative,” he told<i>Barron’s</i>.</p><p><blockquote>“他说：”如果[任何人]评级美国保守派，我们不会被冒犯。<i>巴伦</i>.</blockquote></p><p> Being conservative is probably the right move for GE given all the internal and industrywide challenges the company has faced in recent years.</p><p><blockquote>考虑到通用电气近年来面临的所有内部和行业挑战，保守可能是正确的做法。</blockquote></p><p> The stock split is neither conservative nor aggressive. But it is another sign things are changing and that GE wants to be viewed as an industrial conglomerate, and not as the hybrid of manufacturing and finance the company became during the 1990s and 2000s.</p><p><blockquote>股票分割既不保守也不激进。但这也是情况正在发生变化的另一个迹象，表明通用电气希望被视为一家工业集团，而不是该公司在 20 世纪 90 年代和 21 世纪初成为的制造和金融混合体。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/ge-announced-tons-wednesday-this-was-the-real-bombshell-51615389095?mod=RTA\">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":{"GE":"GE航空航天"},"source_url":"https://www.barrons.com/articles/ge-announced-tons-wednesday-this-was-the-real-bombshell-51615389095?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176282144","content_text":"General Electricis having a very busy day, with news that it sold itsjet-leasing business to AerCapand financial forecasts for 2021. But the multibillion-dollar deal and theoutlookfor the post-pandemic industrial landscape take a back seat to the conglomerate’s plan for a reverse stock split.\nGeneral Electric (ticker: GE) is proposing to give investors one share for every eight they now hold. That will take its share price to about $112, based on recent levels, reducing the shares outstanding to about 1.1 billion from a little less than9 billion.\nThe question is why? Most companiesspit their stock, creating a lower share price and more shares outstanding, as stock prices rise over time. Companies appear to like to have a stock price at a certain level, following the Goldilocks principle of not too high and not too low.\nThat appears to be the reason for this reverse split, too. A scan of GE’s peers shows share prices in the $100 to $200 range and share counts in the hundreds of millions. GE simply looks like an outlier.\nInvestors like splits. They take them as a sign that things are getting better and that management expects prices to rise in the near future. Reverse splits, on the other hand, can make investors nervous. They can be interpreted as a sign the business is getting worse.\nThe academic data appears to bear that fear out. AJournal of Financestudy partly authored by Nobel laureate Eugene Fama found that splits are favorable and that reverse splits are ominous for one- and three-year forward stock returns. Splitters outperform the market and reverse splitters lag behind it.\nBut there are a few caveats. First, the data set included almost 6,000 stock splits, but fewer than 100 reverse splits. Reverse splits are very rare. It’s tough to make a blanket statement from a small data set.\nWhat is more, many academic papers look at old data. The Fama data set includes stocks trading in the 1970s, 1980s and 1990s. A lot has changed in the marketplace since then.\nOne common theme of stock-split studies, for instance, is a split’s impact on overall liquidity. A lower share price is simply within reach of more shareholders. More investors means more stock trading on any given day. That can make shares less volatile and less risky.\nNow, though, brokers offer share “slices” for as little as $5, essentially giving stock exposure to anyone who wants it, despite the absolute level any stock trades at.\nConcern about a deteriorating business may not be a factor with GE’s reverse split. The company isn’t what it once was, but that is old news. GE stock is down roughly 75% from its all-time high, but the slide happened long ago. CEOLarry Culpwas brought in during 2018 to turn around struggling operations.\nA lot of progress has been made. GE has paid back more than $70 billion in debt over the past few years. Deals such as the jet-leasing sale toAerCap(AER), the sale of the biopharma business toDanaher(DHR) and sales of stock in the oil-services providerBaker Hughes(BKR) are making the reduction possible.\nDespite the pandemic, which devastated demand for travel and the jet-aircraft engines GE makes, the stock is trading at the highest level since Culp took over. Coming into Wednesday, shares were up about30% year to date, far better than comparable gains of theS&P 500andDow Jones Industrial Average.\nInvestors are focusing now on what GE said about its future. GEmaintained its forecastsfor about 20 cents in per-share earnings and about $3.5 billion in free cash flow for 2021. Management says there will be modest growth in the key aviation business.\nThat limited growth would return GE Aviation’s sales to levels realized around 2017, far from their pre-pandemic level in 201. That looks like a cautious call now that vaccines are rolling out across the globe, but Culp is fine with that.\n““We won’t be offended if [anyone] calls us conservative,” he toldBarron’s.\nBeing conservative is probably the right move for GE given all the internal and industrywide challenges the company has faced in recent years.\nThe stock split is neither conservative nor aggressive. But it is another sign things are changing and that GE wants to be viewed as an industrial conglomerate, and not as the hybrid of manufacturing and finance the company became during the 1990s and 2000s.","news_type":1,"symbols_score_info":{"GE":0.9}},"isVote":1,"tweetType":1,"viewCount":3945,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354947819,"gmtCreate":1617123366531,"gmtModify":1634522518775,"author":{"id":"3578472165464903","authorId":"3578472165464903","name":"Siewleerocks","avatar":"https://static.tigerbbs.com/f00504e0b6e3e8236e593d86c0ce08ed","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578472165464903","idStr":"3578472165464903"},"themes":[],"title":"","htmlText":"Nice...&nbsp;","listText":"Nice...&nbsp;","text":"Nice...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/354947819","repostId":"2123132522","repostType":4,"isVote":1,"tweetType":1,"viewCount":2510,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352921034,"gmtCreate":1616864503028,"gmtModify":1634523704855,"author":{"id":"3578472165464903","authorId":"3578472165464903","name":"Siewleerocks","avatar":"https://static.tigerbbs.com/f00504e0b6e3e8236e593d86c0ce08ed","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578472165464903","idStr":"3578472165464903"},"themes":[],"title":"","htmlText":"Long tesla... As long as cathie support","listText":"Long tesla... As long as cathie support","text":"Long tesla... As long as cathie support","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/352921034","repostId":"1111192234","repostType":4,"repost":{"id":"1111192234","kind":"news","pubTimestamp":1616772179,"share":"https://www.laohu8.com/m/news/1111192234?lang=zh_CN&edition=full","pubTime":"2021-03-26 23:22","market":"us","language":"en","title":"Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111192234","media":"Barrons","summary":"The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.Numbers will matter even more for richly valued, high-growth companies such as Tesla. Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors and Ford Motor have taken unexpected plant downtime recently and","content":"<p>The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.</p><p><blockquote>第一季度再过几天就结束了。这意味着汽车制造商的更多交付数据即将发布。对于投资者来说，这些数字将比平时更重要。原因很简单：全球汽车微芯片短缺正在扰乱整个汽车行业。</blockquote></p><p> Numbers will matter even more for richly valued, high-growth companies such as&nbsp;Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both&nbsp;General Motors(GM) and&nbsp;Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.</p><p><blockquote>对于特斯拉（股票代码：TSLA）等估值高、高增长的公司来说，数字将更加重要。特斯拉投资者想要增长，而芯片形势正在挤压增长。通用汽车(GM)和福特汽车(F)最近都意外停工，并称芯片问题是2021年10亿美元利润的阻力。这不是投资者想听到的。</blockquote></p><p> Everyone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.</p><p><blockquote>每个人都意识到了这个问题。尽管如此，当第一季度数据公布时，如果业绩弱于预期，投资者必须决定是否给特斯拉或任何其他快速增长的电动汽车制造商一个通行证。</blockquote></p><p> So far the market isn’t feeling charitable. But the sample size is only one stock.</p><p><blockquote>到目前为止，市场并不仁慈。但样本量只有一只股票。</blockquote></p><p> NIO&nbsp;shares (NIO) are down more than 6% in Friday trading after the EV maker&nbsp;reduced guidance&nbsp;for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.</p><p><blockquote>电动汽车制造商蔚来（蔚来）将第一季度交付量指引从约20,250辆下调至约19,500辆，该公司股价在周五交易中下跌超过6%。蔚来管理层以芯片短缺为由，将从3月29日开始关闭一家制造工厂五天。</blockquote></p><p> For Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.</p><p><blockquote>对于特斯拉，华尔街正在寻找3月份交付的约16.2万辆汽车。这低于峰值估计的约183,000辆。分析师似乎正在减少数量，可能是因为短缺。</blockquote></p><p> Tesla delivered about 181,000 vehicles in the&nbsp;fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.</p><p><blockquote>特斯拉第四季度交付了约18.1万辆汽车。分析师预计2021年全年汽车交付量将接近80万辆，同比增长约60%。</blockquote></p><p> RBC analyst&nbsp;Joe Spak&nbsp;is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting&nbsp;Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.</p><p><blockquote>RBC分析师Joe Spak预测第一季度交付量为17万辆，同比增长90%以上。他还预测，本季度特斯拉将在加州生产96,000辆汽车，在中国生产74,000辆汽车。斯帕克在周四的一份报告中写道：“共识[估计]看起来基本合理。”“我们确实在寻找最新消息，以了解semi短缺如何影响特斯拉——就像它对行业其他部门一样。”他认为，由于芯片的原因，预期存在一些额外的下行风险，尤其是第二季度的数据。</blockquote></p><p> Spak rates Tesla stock Hold and has a $725 price target for shares.</p><p><blockquote>Spak将特斯拉股票评级为持有，目标价为725美元。</blockquote></p><p> In the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.</p><p><blockquote>就特斯拉股票而言，芯片短缺已经让位于利率上升。利率上升主要以两种方式影响成长型股票。首先，这使得增长的融资成本更高。蔚来尚未盈利。高增长公司的大部分现金流是在遥远的未来产生的。相对而言，当投资者今天可以用现金赚取更高的利率时，现金流的价值就会低一些。</blockquote></p><p> Tesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The&nbsp;S&amp;P 500is up about 0.7%.</p><p><blockquote>特斯拉股价在2020年上涨超过740%后，今年迄今已下跌约10%。周五早盘交易中，股价下跌0.9%，至634.40美元。标准普尔500指数上涨约0.7%。</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>Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-03-26 23:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.</p><p><blockquote>第一季度再过几天就结束了。这意味着汽车制造商的更多交付数据即将发布。对于投资者来说，这些数字将比平时更重要。原因很简单：全球汽车微芯片短缺正在扰乱整个汽车行业。</blockquote></p><p> Numbers will matter even more for richly valued, high-growth companies such as&nbsp;Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both&nbsp;General Motors(GM) and&nbsp;Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.</p><p><blockquote>对于特斯拉（股票代码：TSLA）等估值高、高增长的公司来说，数字将更加重要。特斯拉投资者想要增长，而芯片形势正在挤压增长。通用汽车(GM)和福特汽车(F)最近都意外停工，并称芯片问题是2021年10亿美元利润的阻力。这不是投资者想听到的。</blockquote></p><p> Everyone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.</p><p><blockquote>每个人都意识到了这个问题。尽管如此，当第一季度数据公布时，如果业绩弱于预期，投资者必须决定是否给特斯拉或任何其他快速增长的电动汽车制造商一个通行证。</blockquote></p><p> So far the market isn’t feeling charitable. But the sample size is only one stock.</p><p><blockquote>到目前为止，市场并不仁慈。但样本量只有一只股票。</blockquote></p><p> NIO&nbsp;shares (NIO) are down more than 6% in Friday trading after the EV maker&nbsp;reduced guidance&nbsp;for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.</p><p><blockquote>电动汽车制造商蔚来（蔚来）将第一季度交付量指引从约20,250辆下调至约19,500辆，该公司股价在周五交易中下跌超过6%。蔚来管理层以芯片短缺为由，将从3月29日开始关闭一家制造工厂五天。</blockquote></p><p> For Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.</p><p><blockquote>对于特斯拉，华尔街正在寻找3月份交付的约16.2万辆汽车。这低于峰值估计的约183,000辆。分析师似乎正在减少数量，可能是因为短缺。</blockquote></p><p> Tesla delivered about 181,000 vehicles in the&nbsp;fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.</p><p><blockquote>特斯拉第四季度交付了约18.1万辆汽车。分析师预计2021年全年汽车交付量将接近80万辆，同比增长约60%。</blockquote></p><p> RBC analyst&nbsp;Joe Spak&nbsp;is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting&nbsp;Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.</p><p><blockquote>RBC分析师Joe Spak预测第一季度交付量为17万辆，同比增长90%以上。他还预测，本季度特斯拉将在加州生产96,000辆汽车，在中国生产74,000辆汽车。斯帕克在周四的一份报告中写道：“共识[估计]看起来基本合理。”“我们确实在寻找最新消息，以了解semi短缺如何影响特斯拉——就像它对行业其他部门一样。”他认为，由于芯片的原因，预期存在一些额外的下行风险，尤其是第二季度的数据。</blockquote></p><p> Spak rates Tesla stock Hold and has a $725 price target for shares.</p><p><blockquote>Spak将特斯拉股票评级为持有，目标价为725美元。</blockquote></p><p> In the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.</p><p><blockquote>就特斯拉股票而言，芯片短缺已经让位于利率上升。利率上升主要以两种方式影响成长型股票。首先，这使得增长的融资成本更高。蔚来尚未盈利。高增长公司的大部分现金流是在遥远的未来产生的。相对而言，当投资者今天可以用现金赚取更高的利率时，现金流的价值就会低一些。</blockquote></p><p> Tesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The&nbsp;S&amp;P 500is up about 0.7%.</p><p><blockquote>特斯拉股价在2020年上涨超过740%后，今年迄今已下跌约10%。周五早盘交易中，股价下跌0.9%，至634.40美元。标准普尔500指数上涨约0.7%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3\">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":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111192234","content_text":"The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.\nNumbers will matter even more for richly valued, high-growth companies such as Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors(GM) and Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.\nEveryone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.\nSo far the market isn’t feeling charitable. But the sample size is only one stock.\nNIO shares (NIO) are down more than 6% in Friday trading after the EV maker reduced guidance for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.\nFor Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.\nTesla delivered about 181,000 vehicles in the fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.\nRBC analyst Joe Spak is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.\nSpak rates Tesla stock Hold and has a $725 price target for shares.\nIn the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.\nTesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The S&P 500is up about 0.7%.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}