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2022-11-02

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2022-10-26

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2022-08-21

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2021-11-09

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Why markets are like a duck: ‘calm above the surface, but furious churning below’<blockquote>为什么市场就像一只鸭子：表面上很平静，但下面却在疯狂翻腾</blockquote>

2021-11-04

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Spotify Is Looking Better Than Ever<blockquote>Spotify 看起来比以往任何时候都好</blockquote>

2021-11-04

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Toplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的顶线</blockquote>

2021-11-04

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2021-11-04

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Apple Stock: It's Inching Toward All-Time Highs. What Will November Bring?<blockquote>苹果股票：它正在慢慢向历史高点迈进。11月会带来什么？</blockquote>

2021-11-04

Ok

Amazon Stock: It's Down 12% From Record. Buy in November?<blockquote>亚马逊股票：较记录下跌 12%。11月买？</blockquote>

2021-10-11

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2021-09-17

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2021-09-17

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Amazon Is Doing It. So Is Walmart. Why Retail Loves ‘Buy Now, Pay Later.’<blockquote>亚马逊正在做这件事。沃尔玛也是。为什么零售业喜欢 “先买后付”</blockquote>

2021-09-09

Great ariticle, would you like to share it?

Chinese EV stocks are down in early trading<blockquote>中国电动汽车股早盘下跌</blockquote>

2021-09-07

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Apple relaxes App Store rules for services such as Spotify and Netflix<blockquote>苹果放宽了 Spotify 和 Netflix 等服务的应用商店规则</blockquote>

2021-09-07

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Tesla Reportedly Targeting $25,000 "Model 2" With No Steering Wheel By 2023<blockquote>据报道，特斯拉的目标是到 2023 年推出 25,000 美元的无方向盘“Model 2”</blockquote>

2021-09-07

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Central Bankers Are Right: This Is Not Your Father’s Inflation<blockquote>央行行长们是对的：这不是你父亲的通货膨胀</blockquote>

2021-08-27

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2021-08-27

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2021-08-05

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Why Moderna Stock Surged to a New All-Time High Today<blockquote>为什么 Moderna 股价今天飙升至历史新高</blockquote>

2021-07-30

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18:02","market":"us","language":"en","title":"Why markets are like a duck: ‘calm above the surface, but furious churning below’<blockquote>为什么市场就像一只鸭子： 表面上很平静，但下面却在疯狂翻腾</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1164632864","media":"Marketwatch","summary":"Mario Draghi famously likened the euro to a bumblebee; Morgan Stanley analysts say global financial ","content":"<p>Mario Draghi famously&nbsp;likened the euro to a bumblebee; Morgan Stanley analysts say global financial markets remind them of a duck floating on a pond: “calm above the surface, but furious churning below.”</p><p><blockquote>马里奥·德拉吉（Mario Draghi）将欧元比作大黄蜂（bumblebee）。摩根士丹利的分析师说，全球金融市场让他们想起了池塘上漂浮的鸭子： “表面平静，但下面却怒火中烧”。</blockquote></p><p> The calm is reflected in a continued drop in realized, or actual, stock-market volatility as global equities soar to all-time highs. The analysts, led by Andrew Sheets, observed in a Friday note that realized, one-month equity volatility across the U.S., Europe and emerging markets has fallen to the 25th percentile of the last 15 years.</p><p><blockquote>随着全球股市飙升至历史高点，已实现或实际股市波动性的持续下降反映了这种平静。以安德鲁·希茨（Andrew Sheets）为首的分析师在周五的一份报告中指出，美国、欧洲和新兴市场的一个月股票波动性已降至过去15年中的第25个百分点。</blockquote></p><p> But below the surface, “volatility has jumped” for other assets, they wrote, unveiling a new cross-asset gauge, dubbed the Composite Sigma Indicator, which stands at its highest reading in five years with the exception of the COVID-induced turmoil of the second quarter of 2020 (see chart below). That reflects a rising number of extreme one-day moves, defined as a standard deviation of larger than 1.5.</p><p><blockquote>但在表面之下，其他资产的 “波动性已经跃升”，他们写道，推出了一种新的跨资产指标，称为综合西格玛指标，除了 2020 年第二季度由 COVID 引发的动荡之外，该指标处于五年来的最高值（见下图）。这反映了极端单日波动的数量不断增加，定义为标准差大于 1.5。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a225428109bc24bddb8dbd14801b7065\" tg-width=\"700\" tg-height=\"408\" referrerpolicy=\"no-referrer\"><span>MORGAN STANLEY RESEARCH</span></p><p><blockquote><p class=\"t-img-caption\"><span>摩根士丹利研究</span></p></blockquote></p><p> Anyone who has paid attention to the U.S. and global government bond markets in recent weeks probably won’t be surprised to learn that rates markets are at the heart of those moves. Indeed, the Composite Sigma Indicator has been driven by extreme moves in yield curves; inflation breakevens, which measure the difference between inflation-protected and nominal debt of the same maturity; and 2-year rates, the analysts said.</p><p><blockquote>最近几周，任何关注美国和全球政府债券市场的人都可能不会惊讶地发现，利率市场是这些变动的核心。事实上，复合西格玛指标是由收益率曲线的极端波动推动的；通货膨胀盈亏平衡，衡量通货膨胀保护债务和相同期限的名义债务之间的差异；分析师表示，以及 2 年期利率。</blockquote></p><p> Short-term government bond yields, including those on 2-year U.S. Treasury notes,&nbsp;began a sharp rise in September as investors began to pencil in a more aggressive stance by global central banks in response to inflation that has proven more persistent than expected. The gap between short- and long-dated yields narrowed significantly, a yield-curve phenomenon known as flattening.</p><p><blockquote>短期政府债券收益率（包括两年期美国国债收益率）在 9 月份开始大幅上升，因为投资者开始相信全球央行采取更激进的立场，以应对事实证明通胀比预期更加持久。短期和长期收益率之间的差距明显缩小，这种收益率曲线现象被称为平坦化。</blockquote></p><p> The speed of the move has been interpreted by some investors as the potential harbinger of&nbsp;a “policy mistake,”in which central banks spark an economic downturn by tightening too aggressively. The moves also wrong-footed investors, leaving some high-profile hedge funds with large October losses,according to The Wall Street Journal.</p><p><blockquote>一些投资者将此举的速度解读为 “政策失误 ”的潜在先兆，即央行过于激进地收紧货币政策，引发经济衰退。据《华尔街日报》报道，这些举措也让投资者措手不及，导致一些知名对冲基金在 10 月份遭受巨额亏损。</blockquote></p><p> Two-year rates in Poland, meanwhile, have risen by 85 basis points, or 0.85 percentage point, a 12.2 sigma deviation on the distribution of weekly moves for the rate, the analysts noted. The U.K. saw “extreme dislocations” as short-term rates rose and long-term rates fell, while in commodities markets, iron-ore prices are down 20%.</p><p><blockquote>分析师指出，与此同时，波兰两年期利率上涨了 85 个基点，即 0.85 个百分点，与利率周变动分布存在 12.2 西格玛偏差。英国出现了 “极端混乱”，短期利率上升，长期利率下降，而在大宗商品市场，铁矿石价格下降了 20%。</blockquote></p><p> “Rates are the sole driver of this move, while other assets are unusually calm. Risk management in global rates feels very different from equities or FX heading into year-end,” the analysts wrote.</p><p><blockquote>“利率是这一走势的唯一驱动力，而其他资产则异常平静。分析师写道：”全球利率的风险管理感觉与年底的股票或外汇截然不同。</blockquote></p><p> Stocks stumbled in September, but major indexes roared back in October and continue to press to all-time highs this month. The S&amp;P 500&nbsp;was up 26.9% year to date through Friday, while the Dow Jones Industrial Average&nbsp;has rallied 21.2% and the Nasdaq Composite&nbsp;advanced 23.9%.</p><p><blockquote>9 月份股市下跌，但主要股指在 10 月份大幅反弹，并在本月继续创下历史新高。截至周五，标普500今年迄今已上涨 26.9%，道琼斯工业平均指数上涨 21.2%，纳斯达克综合指数上涨 23.9%。</blockquote></p><p> So what does it all mean? “It suggests that the liquidity environment is already shifting, even if not readily apparent in the S&amp;P 500,” they said.</p><p><blockquote>那么这一切意味着什么呢？“他们说：”这表明流动性环境已经在发生变化，尽管这在标普500中并不明显。</blockquote></p><p> It also means that risk premium matters (see chart below).</p><p><blockquote>这也意味着风险溢价很重要（见下图）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1fa8a9c15b74f8c569f39f375770bdc7\" tg-width=\"700\" tg-height=\"383\" referrerpolicy=\"no-referrer\"><span>MORGAN STANLEY RESEARCH</span></p><p><blockquote><p class=\"t-img-caption\"><span>摩根士丹利研究</span></p></blockquote></p><p> “Many of the markets with the largest recent moves were those priced for the calmest environments. As idiosyncratic risk rises, and risk management becomes more challenging, we see opportunities in high versus low risk premium markets,” they wrote.</p><p><blockquote>“近期波动最大的许多市场都是那些为最平静的环境定价的市场。随着特殊风险的上升，风险管理变得更具挑战性，我们在高风险溢价和低风险溢价市场看到了机遇，”他们写道。</blockquote></p><p></p>","source":"market_watch","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 markets are like a duck: ‘calm above the surface, but furious churning below’<blockquote>为什么市场就像一只鸭子： 表面上很平静，但下面却在疯狂翻腾</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 markets are like a duck: ‘calm above the surface, but furious churning below’<blockquote>为什么市场就像一只鸭子： 表面上很平静，但下面却在疯狂翻腾</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-11-09 18:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Mario Draghi famously&nbsp;likened the euro to a bumblebee; Morgan Stanley analysts say global financial markets remind them of a duck floating on a pond: “calm above the surface, but furious churning below.”</p><p><blockquote>马里奥·德拉吉（Mario Draghi）将欧元比作大黄蜂（bumblebee）。摩根士丹利的分析师说，全球金融市场让他们想起了池塘上漂浮的鸭子： “表面平静，但下面却怒火中烧”。</blockquote></p><p> The calm is reflected in a continued drop in realized, or actual, stock-market volatility as global equities soar to all-time highs. The analysts, led by Andrew Sheets, observed in a Friday note that realized, one-month equity volatility across the U.S., Europe and emerging markets has fallen to the 25th percentile of the last 15 years.</p><p><blockquote>随着全球股市飙升至历史高点，已实现或实际股市波动性的持续下降反映了这种平静。以安德鲁·希茨（Andrew Sheets）为首的分析师在周五的一份报告中指出，美国、欧洲和新兴市场的一个月股票波动性已降至过去15年中的第25个百分点。</blockquote></p><p> But below the surface, “volatility has jumped” for other assets, they wrote, unveiling a new cross-asset gauge, dubbed the Composite Sigma Indicator, which stands at its highest reading in five years with the exception of the COVID-induced turmoil of the second quarter of 2020 (see chart below). That reflects a rising number of extreme one-day moves, defined as a standard deviation of larger than 1.5.</p><p><blockquote>但在表面之下，其他资产的 “波动性已经跃升”，他们写道，推出了一种新的跨资产指标，称为综合西格玛指标，除了 2020 年第二季度由 COVID 引发的动荡之外，该指标处于五年来的最高值（见下图）。这反映了极端单日波动的数量不断增加，定义为标准差大于 1.5。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a225428109bc24bddb8dbd14801b7065\" tg-width=\"700\" tg-height=\"408\" referrerpolicy=\"no-referrer\"><span>MORGAN STANLEY RESEARCH</span></p><p><blockquote><p class=\"t-img-caption\"><span>摩根士丹利研究</span></p></blockquote></p><p> Anyone who has paid attention to the U.S. and global government bond markets in recent weeks probably won’t be surprised to learn that rates markets are at the heart of those moves. Indeed, the Composite Sigma Indicator has been driven by extreme moves in yield curves; inflation breakevens, which measure the difference between inflation-protected and nominal debt of the same maturity; and 2-year rates, the analysts said.</p><p><blockquote>最近几周，任何关注美国和全球政府债券市场的人都可能不会惊讶地发现，利率市场是这些变动的核心。事实上，复合西格玛指标是由收益率曲线的极端波动推动的；通货膨胀盈亏平衡，衡量通货膨胀保护债务和相同期限的名义债务之间的差异；分析师表示，以及 2 年期利率。</blockquote></p><p> Short-term government bond yields, including those on 2-year U.S. Treasury notes,&nbsp;began a sharp rise in September as investors began to pencil in a more aggressive stance by global central banks in response to inflation that has proven more persistent than expected. The gap between short- and long-dated yields narrowed significantly, a yield-curve phenomenon known as flattening.</p><p><blockquote>短期政府债券收益率（包括两年期美国国债收益率）在 9 月份开始大幅上升，因为投资者开始相信全球央行采取更激进的立场，以应对事实证明通胀比预期更加持久。短期和长期收益率之间的差距明显缩小，这种收益率曲线现象被称为平坦化。</blockquote></p><p> The speed of the move has been interpreted by some investors as the potential harbinger of&nbsp;a “policy mistake,”in which central banks spark an economic downturn by tightening too aggressively. The moves also wrong-footed investors, leaving some high-profile hedge funds with large October losses,according to The Wall Street Journal.</p><p><blockquote>一些投资者将此举的速度解读为 “政策失误 ”的潜在先兆，即央行过于激进地收紧货币政策，引发经济衰退。据《华尔街日报》报道，这些举措也让投资者措手不及，导致一些知名对冲基金在 10 月份遭受巨额亏损。</blockquote></p><p> Two-year rates in Poland, meanwhile, have risen by 85 basis points, or 0.85 percentage point, a 12.2 sigma deviation on the distribution of weekly moves for the rate, the analysts noted. The U.K. saw “extreme dislocations” as short-term rates rose and long-term rates fell, while in commodities markets, iron-ore prices are down 20%.</p><p><blockquote>分析师指出，与此同时，波兰两年期利率上涨了 85 个基点，即 0.85 个百分点，与利率周变动分布存在 12.2 西格玛偏差。英国出现了 “极端混乱”，短期利率上升，长期利率下降，而在大宗商品市场，铁矿石价格下降了 20%。</blockquote></p><p> “Rates are the sole driver of this move, while other assets are unusually calm. Risk management in global rates feels very different from equities or FX heading into year-end,” the analysts wrote.</p><p><blockquote>“利率是这一走势的唯一驱动力，而其他资产则异常平静。分析师写道：”全球利率的风险管理感觉与年底的股票或外汇截然不同。</blockquote></p><p> Stocks stumbled in September, but major indexes roared back in October and continue to press to all-time highs this month. The S&amp;P 500&nbsp;was up 26.9% year to date through Friday, while the Dow Jones Industrial Average&nbsp;has rallied 21.2% and the Nasdaq Composite&nbsp;advanced 23.9%.</p><p><blockquote>9 月份股市下跌，但主要股指在 10 月份大幅反弹，并在本月继续创下历史新高。截至周五，标普500今年迄今已上涨 26.9%，道琼斯工业平均指数上涨 21.2%，纳斯达克综合指数上涨 23.9%。</blockquote></p><p> So what does it all mean? “It suggests that the liquidity environment is already shifting, even if not readily apparent in the S&amp;P 500,” they said.</p><p><blockquote>那么这一切意味着什么呢？“他们说：”这表明流动性环境已经在发生变化，尽管这在标普500中并不明显。</blockquote></p><p> It also means that risk premium matters (see chart below).</p><p><blockquote>这也意味着风险溢价很重要（见下图）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1fa8a9c15b74f8c569f39f375770bdc7\" tg-width=\"700\" tg-height=\"383\" referrerpolicy=\"no-referrer\"><span>MORGAN STANLEY RESEARCH</span></p><p><blockquote><p class=\"t-img-caption\"><span>摩根士丹利研究</span></p></blockquote></p><p> “Many of the markets with the largest recent moves were those priced for the calmest environments. As idiosyncratic risk rises, and risk management becomes more challenging, we see opportunities in high versus low risk premium markets,” they wrote.</p><p><blockquote>“近期波动最大的许多市场都是那些为最平静的环境定价的市场。随着特殊风险的上升，风险管理变得更具挑战性，我们在高风险溢价和低风险溢价市场看到了机遇，”他们写道。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/why-markets-are-like-a-duck-calm-above-the-surface-but-furious-churning-below-11636395875?siteid=yhoof2\">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":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/why-markets-are-like-a-duck-calm-above-the-surface-but-furious-churning-below-11636395875?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1164632864","content_text":"Mario Draghi famously likened the euro to a bumblebee; Morgan Stanley analysts say global financial markets remind them of a duck floating on a pond: “calm above the surface, but furious churning below.”\nThe calm is reflected in a continued drop in realized, or actual, stock-market volatility as global equities soar to all-time highs. The analysts, led by Andrew Sheets, observed in a Friday note that realized, one-month equity volatility across the U.S., Europe and emerging markets has fallen to the 25th percentile of the last 15 years.\nBut below the surface, “volatility has jumped” for other assets, they wrote, unveiling a new cross-asset gauge, dubbed the Composite Sigma Indicator, which stands at its highest reading in five years with the exception of the COVID-induced turmoil of the second quarter of 2020 (see chart below). That reflects a rising number of extreme one-day moves, defined as a standard deviation of larger than 1.5.\nMORGAN STANLEY RESEARCH\nAnyone who has paid attention to the U.S. and global government bond markets in recent weeks probably won’t be surprised to learn that rates markets are at the heart of those moves. Indeed, the Composite Sigma Indicator has been driven by extreme moves in yield curves; inflation breakevens, which measure the difference between inflation-protected and nominal debt of the same maturity; and 2-year rates, the analysts said.\nShort-term government bond yields, including those on 2-year U.S. Treasury notes, began a sharp rise in September as investors began to pencil in a more aggressive stance by global central banks in response to inflation that has proven more persistent than expected. The gap between short- and long-dated yields narrowed significantly, a yield-curve phenomenon known as flattening.\nThe speed of the move has been interpreted by some investors as the potential harbinger of a “policy mistake,”in which central banks spark an economic downturn by tightening too aggressively. The moves also wrong-footed investors, leaving some high-profile hedge funds with large October losses,according to The Wall Street Journal.\nTwo-year rates in Poland, meanwhile, have risen by 85 basis points, or 0.85 percentage point, a 12.2 sigma deviation on the distribution of weekly moves for the rate, the analysts noted. The U.K. saw “extreme dislocations” as short-term rates rose and long-term rates fell, while in commodities markets, iron-ore prices are down 20%.\n“Rates are the sole driver of this move, while other assets are unusually calm. Risk management in global rates feels very different from equities or FX heading into year-end,” the analysts wrote.\nStocks stumbled in September, but major indexes roared back in October and continue to press to all-time highs this month. The S&P 500 was up 26.9% year to date through Friday, while the Dow Jones Industrial Average has rallied 21.2% and the Nasdaq Composite advanced 23.9%.\nSo what does it all mean? “It suggests that the liquidity environment is already shifting, even if not readily apparent in the S&P 500,” they said.\nIt also means that risk premium matters (see chart below).\nMORGAN STANLEY RESEARCH\n“Many of the markets with the largest recent moves were those priced for the calmest environments. As idiosyncratic risk rises, and risk management becomes more challenging, we see opportunities in high versus low risk premium markets,” they wrote.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":3309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848762850,"gmtCreate":1636030836434,"gmtModify":1636031195401,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"title":"","htmlText":"&nbsp;Thanks","listText":"&nbsp;Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848762850","repostId":"1191996183","repostType":4,"repost":{"id":"1191996183","kind":"news","pubTimestamp":1636029756,"share":"https://www.laohunote.com/m/news/1191996183?lang=zh_CN&edition=full","pubTime":"2021-11-04 20:42","market":"us","language":"en","title":"Spotify Is Looking Better Than Ever<blockquote>Spotify 看起来比以往任何时候都好</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1191996183","media":"Seeking Alpha","summary":"Summary\n\nPaid subscriber growth is back on track.\nPodcasts shift part of the business from a variabl","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Paid subscriber growth is back on track.</li>  <li>Podcasts shift part of the business from a variable cost structure to a fixed cost structure.</li>  <li>Ad revenue is up 75% year-over-year!</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f58dc20880972b1c81308d898c14f9ba\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Avid Photographer. Travel the world to capture moments and beautiful photos. Sony Alpha User/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>付费用户增长重回正轨。</li><li>播客将部分业务从可变成本结构转变为固定成本结构。</li><li>广告收入同比增长75%!</li></ul><p class=\"t-img-caption\"><span>狂热的摄影师。环游世界捕捉瞬间和美丽的照片。索尼 Alpha 用户/iStock 社论来自 Getty Images</span></p></blockquote></p><p> <b>Introduction</b></p><p><blockquote><b>介绍</b></blockquote></p><p> My thesis is that the future is bright for Spotify (SPOT) as paid subscribers, gross margins and ad revenue continue with prodigious growth. CEO Daniel Ek and the rest of Spotify have ardor to be a huge part of audio as the world keeps moving towards streaming and podcasts.</p><p><blockquote>我的论点是，Spotify (SPOT) 的未来是光明的，因为付费用户、毛利率和广告收入继续保持惊人的增长。随着世界不断走向流媒体和播客，首席执行官丹尼尔·埃克（Daniel Ek）和Spotify的其他成员都热衷于成为音频的重要组成部分。</blockquote></p><p> In the 3Q21 earnings&nbsp;call, CEO Ek talked about Spotify’s opportunities as the world shifts away from terrestrial radio:</p><p><blockquote>在 2021 年第三季度财报看涨期权上，首席执行官埃克谈到了随着世界远离地面广播，Spotify 的机遇：</blockquote></p><p>   A good reminder,  <b>Linear Radio still has a 46% share of audio listening</b>&nbsp;in the U.S. alone, this despite consumption shifting steadily away from it. In this year,  <b>more than 60% of all audio ads spending will go to traditional radio</b>. I think this clearly shows that we have plenty of room to grow both in listening time and in our effective monetization.  At the time of this writing the exchange rate is about $1.16 per €1.</p><p><blockquote>一个很好的提醒，<b>线性收音机仍占据46%的音频收听份额</b>仅在美国，尽管消费正在稳步远离它。今年，<b>超过 60% 的音频广告支出将用于传统广播</b>我认为这清楚地表明，我们在聆听时间和有效货币化方面都有很大的增长空间。在撰写本文时，汇率约为每1欧元1.16美元。</blockquote></p><p> <b>Paid Subscribers Keep Rising</b></p><p><blockquote><b>付费用户持续增长</b></blockquote></p><p> It’s a no-brainer for new subscribers to continue signing up as streaming music is one of the cheapest forms of entertainment available per the June 2021 Music is Universal&nbsp;presentation&nbsp;by Pershing Square:</p><p><blockquote>新用户继续注册是理所当然的，因为根据潘兴广场 2021 年 6 月发布的《音乐是通用的》，流媒体音乐是最便宜的娱乐形式之一：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0fb02c3b21b98d3c77807c1dd039f633\" tg-width=\"800\" tg-height=\"571\" width=\"100%\" height=\"auto\"><span>Image Source: June 2021 Music is Universal presentation by Pershing Square</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：2021 年 6 月潘兴广场的音乐是普遍呈现</span></p></blockquote></p><p> Size begets size as new streaming customers like to go with the market leader. There is no one close to Spotify in terms of paid subscribers in the audio landscape. Apple (AAPL) might be a distant number two; they are well behind and they stopped disclosing their numbers some time ago. Also, Apple’s worldwide smartphone penetration isn’t nearly as high as their U.S. level.</p><p><blockquote>规模催生规模，因为新的流媒体客户喜欢与市场领导者合作。在音频领域，就付费用户而言，没有人能与Spotify相提并论。苹果（AAPL）可能是遥远的第二名；他们远远落后了，他们不久前就停止透露他们的数字了。此外，苹果在全球的智能手机普及率也远不及美国。</blockquote></p><p> Years ago Barry McCarthy was the CFO at Netflix (NFLX) and he learned the importance of being the earlier leader in the race to acquire paid subscribers. He left Netflix with the right structure and took that knowledge to Spotify where he served as CFO, laying down a solid foundation before handing the reins to current CFO, Paul Vogel. Spotify is catching up with Netflix with respect to paid subscribers but both companies are still growing nicely which is partially due to the contributions made by former CFO McCarthy. Back in 2015, Spotify only had 37% as many subscribers as Netflix but through 3Q21 they were up to 81%. I put together a chart to help visualize the growth for both companies:</p><p><blockquote>几年前，巴里·麦卡锡 (Barry McCarthy) 是 Netflix (NFLX) 的首席财务官，他认识到在获取付费用户的竞赛中成为早期领导者的重要性。他带着正确的结构离开了网飞，并将这些知识带到了Spotify，在那里他担任首席财务官，在将权力移交给现任首席财务官保罗·沃格尔之前奠定了坚实的基础。Spotify 在付费用户方面正在赶上 Netflix，但两家公司仍在良好增长，部分原因是前首席财务官麦卡锡的贡献。早在 2015 年，Spotify 的用户数量只有 Netflix 的 37%，但通过2021年第三季度，这一比例高达 81%。我制作了一张图表来帮助可视化两家公司的增长情况：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d4899bdb38637d477621ecfa1d6c920a\" tg-width=\"784\" tg-height=\"440\" width=\"100%\" height=\"auto\"><span>Image Source: Author’s spreadsheet</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：作者电子表格</span></p></blockquote></p><p> <b>The Gross Margin Keeps Improving</b></p><p><blockquote><b>毛利率持续改善</b></blockquote></p><p> Per the 3Q21&nbsp;financial statements, Spotify’s 3Q21 gross margin was 26.7% which is a nice improvement from the 3Q20 gross margin of 24.8% below:</p><p><blockquote>根据2021年第三季度的财务报表，Spotify 在2021年第三季度的毛利率为 26.7%，比2020年第三季度的 24.8% 毛利率有了不错的改善：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa7b0f76e8b23068fd5054d67d0568a6\" tg-width=\"600\" tg-height=\"612\" width=\"100%\" height=\"auto\"><span>Image Source: 3Q21 financial statements</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：2021年第三季度财务报表</span></p></blockquote></p><p> The 3Q21&nbsp;press release&nbsp;talks about this improvement:</p><p><blockquote>2021年第三季度新闻稿谈到了这一改进：</blockquote></p><p></p><p>   Gross Margin finished at 26.7% in Q3, above the top end of our guidance range and reflecting nearly 200 bps of Y/Y expansion. The Gross Margin improvement reflected a favorable revenue mix shift towards podcasts, marketplace activity, improved music advertising operating leverage, and Other Cost of Revenue efficiencies (e.g. payment fees, streaming delivery costs), which were partially offset by higher non-music and other content costs and publishing rate increases. Premium Gross Margin was 29.1% in Q3, up 182 bps Y/Y, and Ad-Supported Gross Margin was 10.5% in Q3, up 993 bps Y/Y. As a reminder, all content costs related to podcast investment are included in the Ad-Supported business for the current and historical periods.  These days Netflix enjoys a gross margin north of 40% but it was down at 27.2% [$983.4 million/$3,609.3 million] for 2012 per the&nbsp;10-K&nbsp;from that year. Per the Spotify 3Q21&nbsp;financial statements, their 9M21 gross margin is 26.9% [€1,879 million/€ 6,979 million] so they’re almost up to the 2012 level at Netflix. Spotify has come a long way from their gross margin of 11.6% for 2015 in their S-1&nbsp;filing&nbsp;and they aim to keep going up to a level of 30% to 40%. CFO Paul Vogel answered a question about getting to the 40% level at the September 2021 Bank of America&nbsp;Conference. He noted that podcasts are a drag on gross margins right now but said that will flip as the business matures and they have more of a fixed cost structure than a variable cost structure:</p><p><blockquote>第三季度毛利率为 26.7%，高于我们指导范围的上限，反映出同比增长近 200 个基点。毛利率的改善反映了收入组合向播客、市场活动、音乐广告运营杠杆的提高以及收入效率的其他成本（例如支付费用、流媒体交付成本）的有利转变，这些成本被更高的非音乐和其他内容成本以及发布率的提高部分抵消。第三季度保费毛利率为29.1%，同比上升182个基点，第三季度广告支持毛利率为10.5%，同比上升993个基点。提醒一下，所有与播客投资相关的内容成本都包含在当前和历史时期的广告支持业务中。如今，网飞的毛利率超过40%，但根据当年的10-K计算，2012年下降了27.2%【9.834亿美元/36.093亿美元】。根据 Spotify 2021年第三季度的财务报表，他们 21 年前 9 个月的毛利率为 26.9%（18.79 亿欧元/69.79 亿欧元），因此几乎达到了 Netflix 2012 年的水平。Spotify在S-1文件中的2015年11.6%的毛利率已经取得了长足的进步，他们的目标是继续提高到30%至40%的水平。首席财务官 Paul Vogel 在 2021 年 9 月的美国银行会议上回答了有关达到 40% 水平的问题。他指出，播客目前会拖累毛利率，但他表示，随着业务的成熟，这种情况将会发生变化，而且他们的固定成本结构多于可变成本结构：</blockquote></p><p>   One is, we think advertising is going to continue to grow, continue to be a bigger part of our business. Right now, it’s 10% of our business. We think there’s opportunity to improve the ad margins on the music side alone, because right now they’re lower than their premium side. We think there’s an opportunity there. And then you delve into the podcasting side where, as you said,  <b>as more and more of our business can move over to a fixed cost nature versus variable costs nature, we think there’s a big opportunity to grow gross margin</b>, on top of the podcasting business, and we sort of modeled that over a long period of time. And even though&nbsp;  <b>right now, the podcast business is actually a drag on gross margins</b>. We think over time, that will flip and will be a benefit to gross margins, if not a significant benefit to the gross margin.  <b>Ad Dollars Are Increasing</b></p><p><blockquote>一是，我们认为广告将继续增长，继续成为我们业务中更大的一部分。目前，它占我们业务的 10%。我们认为，仅音乐方面的广告利润率就有机会提高，因为目前的广告利润率低于高端广告利润率。我们认为那里有机会。然后你深入研究播客方面，正如你所说，<b>随着我们越来越多的业务转向固定成本性质而非可变成本性质，我们认为毛利率增长的巨大机会</b>在播客业务之上，我们在很长一段时间内对此进行了建模。尽管<b>目前，播客业务实际上拖累了毛利率</b>我们认为，随着时间的推移，这种情况将会逆转，即使对毛利率没有显着的好处，也会对毛利率有利。<b>广告费用正在增加</b></blockquote></p><p> Quarterly ad revenue grew 75% year-over-year:</p><p><blockquote>季度广告收入同比增长 75%：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/813c508a4233806d0b0c40878e880126\" tg-width=\"600\" tg-height=\"405\" width=\"100%\" height=\"auto\"><span>Image Source: 3Q21 financial statements</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：2021年第三季度财务报表</span></p></blockquote></p><p> Podcasts are a key part of ad revenue and the progress in this area was illustrated in the 3Q21 earnings call:</p><p><blockquote>播客是广告收入的重要组成部分，该领域的进展在 2021 年第三季度收益看涨期权中有所说明：</blockquote></p><p>   We started our journey&nbsp;  <b>3 years ago in podcasting with a catalog of about 185,000 podcasts</b>. And we were really nowhere compared to the largest players in the industry.  <b>Today, we have 3.2 million podcasts</b>on the platform, a growth rate of over 1,500%. But despite the fact that we're still a relatively new entrant, previous data indicated we have become the top platform for podcast consumption, in 60-plus countries. And now, according to Edison research and our own internal sources, we recently became&nbsp;  <b>the number one podcast platform U.S. listeners use the most</b>.  In the 3Q21 earnings call, it was noted that advertising revenues as a percentage of total revenues hit 13%. A question was asked by Rich Greenfield about the mix of revenues in five years and that mix shift impacting margins. CEO Daniel Ek answered by saying advertising should eventually be at least 20% of revenues and maybe even more than 40% of revenues in 5 to 10 years:</p><p><blockquote>我们开始我们的旅程<b>3年前在播客中，拥有约185,000个播客目录</b>与业内最大的参与者相比，我们真的不算什么。<b>今天，我们有320万个播客</b>在平台上，增长率超过1500%。尽管我们仍然是一个相对较新的进入者，但之前的数据表明，我们已经成为60多个国家播客消费的顶级平台。现在，根据爱迪生研究公司和我们自己的内部消息来源，我们最近成为<b>美国听众使用最多的第一播客平台</b>在 2021 年第三季度盈利看涨期权中，广告收入占总收入的比例达到 13%。Rich Greenfield 提出了一个关于五年内收入组合以及这种组合变化对利润率的影响的问题。首席执行官 Daniel Ek 回答说，广告最终应该至少占收入的 20%，甚至可能在 5 到 10 年内超过收入的 40%：</blockquote></p><p>   Maybe I'll talk about the size of this and Paul can chime in on the impact on margins. I'm really excited about ads. I think we have had a tremendous quarter with 75% growth year-over-year.  <b>But this is just the beginning, as I stated in my opening remarks. Long term, I believe at the very least, this should be 20% of our revenues. But it might possibly be a lot more than that 30%, 40% even over the next 5 to 10 years.</b>We're very excited about this being the second big revenue driver for Spotify and are obviously investing behind that both in product and platform improvements, but also as you may have read in hiring staff across the world that helps service these advertisers.  CFO Vogel chimed in on the mix of revenues question with some answers as well, noting that margins were up almost 1,000 basis points on the ad side:</p><p><blockquote>也许我会谈谈这个的规模，保罗可以谈谈对利润率的影响。我对广告真的很兴奋。我认为我们度过了一个巨大的季度，同比增长了 75%。<b>但正如我在开场白中所说，这仅仅是个开始。从长远来看，我相信至少这应该是我们收入的20%。但即使在未来 5 到 10 年内，这一比例也可能远远超过 30%、40%。</b>我们对这成为 Spotify 的第二大收入驱动力感到非常兴奋，并且显然正在投资于产品和平台改进，但正如您可能在世界各地雇佣员工来帮助服务这些广告商时读到的那样。首席财务官沃格尔也回应了收入组合问题，并给出了一些答案，指出广告方面的利润率提高了近 1,000 个基点：</blockquote></p><p></p><p>   And then from advertising generals, as Daniel said, it was up 75% in the quarter. We saw really nice, healthy gains on the music side. It was up significantly on the advertising side. And then podcasts advertising growth was in the triple digits. So we're seeing it across the board. What's really interesting is that the increased inventory is bringing increased demand. The demand is really high across all of our products. Podcasting is helping significantly on that. And then from a margin standpoint, obviously, the podcasting margin is helpful over time. We think having a fixed cost nature of the podcasting business and being able to grow that advertising will help margins. But additionally, just bringing more advertising into the platform, we're seeing the free music margins move up as well as you guys are aware, our free music margins are below our premium music margin. So to the extent that we can drive incremental advertising across not just podcasting, but music in general, that will help margins as well.  <b>Valuation</b></p><p><blockquote>正如丹尼尔所说，广告综合公司在本季度增长了 75%。我们在音乐方面看到了非常好的、健康的收获。它在广告方面大幅上升。然后播客广告的增长达到了三位数。所以我们全面看到了这一点。真正有趣的是，库存的增加带来了需求的增加。我们所有产品的需求都很高。播客在这方面有很大帮助。然后从利润的角度来看，很明显，随着时间的推移，播客利润是有帮助的。我们认为，播客业务的固定成本性质并能够增加广告将有助于提高利润率。但除此之外，只是将更多的广告引入平台，我们看到免费音乐的利润率上升，正如你们所知，我们的免费音乐利润率低于我们的优质音乐利润率。因此，在某种程度上，我们不仅可以推动播客，还可以推动音乐的增量广告，这也将有助于利润率。<b>估值</b></blockquote></p><p> In my March&nbsp;article, I thought Spotify was worth about $55 billion. Some of the numbers coming in since that time have been even better than expected. Also, management has increased the bottom end of the range for 4Q21 total revenue and gross margin. I now think Spotify is worth close to $60 billion. Today’s market cap is $58 billion based on the November 2nd share price of $298.08 and the 194,614,910 share count as of September 30, 2021 in the 2Q21 6-K&nbsp;filing. The enterprise value is fairly close to the market cap and I believe the stock is reasonably priced for the long run.</p><p><blockquote>在我三月份的文章中，我认为 Spotify 的价值约为 550 亿美元。从那时起，一些数字甚至比预期的还要好。此外，管理层还提高了2021年第四季度总收入和毛利率的下限。我现在认为Spotify的价值接近600亿美元。根据 11 月 2 日 298.08 美元的股价和2021年第二季度 6-K 文件中截至 2021 年 9 月 30 日的 194,614,910 股股票数量计算，今天的市值为 580 亿美元。企业价值相当接近市值，我相信从长远来看，该股票的定价是合理的。</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>Spotify Is Looking Better Than Ever<blockquote>Spotify 看起来比以往任何时候都好</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\">\nSpotify Is Looking Better Than Ever<blockquote>Spotify 看起来比以往任何时候都好</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-11-04 20:42</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>Paid subscriber growth is back on track.</li>  <li>Podcasts shift part of the business from a variable cost structure to a fixed cost structure.</li>  <li>Ad revenue is up 75% year-over-year!</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f58dc20880972b1c81308d898c14f9ba\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Avid Photographer. Travel the world to capture moments and beautiful photos. Sony Alpha User/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>付费用户增长重回正轨。</li><li>播客将部分业务从可变成本结构转变为固定成本结构。</li><li>广告收入同比增长75%!</li></ul><p class=\"t-img-caption\"><span>狂热的摄影师。环游世界捕捉瞬间和美丽的照片。索尼 Alpha 用户/iStock 社论来自 Getty Images</span></p></blockquote></p><p> <b>Introduction</b></p><p><blockquote><b>介绍</b></blockquote></p><p> My thesis is that the future is bright for Spotify (SPOT) as paid subscribers, gross margins and ad revenue continue with prodigious growth. CEO Daniel Ek and the rest of Spotify have ardor to be a huge part of audio as the world keeps moving towards streaming and podcasts.</p><p><blockquote>我的论点是，Spotify (SPOT) 的未来是光明的，因为付费用户、毛利率和广告收入继续保持惊人的增长。随着世界不断走向流媒体和播客，首席执行官丹尼尔·埃克（Daniel Ek）和Spotify的其他成员都热衷于成为音频的重要组成部分。</blockquote></p><p> In the 3Q21 earnings&nbsp;call, CEO Ek talked about Spotify’s opportunities as the world shifts away from terrestrial radio:</p><p><blockquote>在 2021 年第三季度财报看涨期权上，首席执行官埃克谈到了随着世界远离地面广播，Spotify 的机遇：</blockquote></p><p>   A good reminder,  <b>Linear Radio still has a 46% share of audio listening</b>&nbsp;in the U.S. alone, this despite consumption shifting steadily away from it. In this year,  <b>more than 60% of all audio ads spending will go to traditional radio</b>. I think this clearly shows that we have plenty of room to grow both in listening time and in our effective monetization.  At the time of this writing the exchange rate is about $1.16 per €1.</p><p><blockquote>一个很好的提醒，<b>线性收音机仍占据46%的音频收听份额</b>仅在美国，尽管消费正在稳步远离它。今年，<b>超过 60% 的音频广告支出将用于传统广播</b>我认为这清楚地表明，我们在聆听时间和有效货币化方面都有很大的增长空间。在撰写本文时，汇率约为每1欧元1.16美元。</blockquote></p><p> <b>Paid Subscribers Keep Rising</b></p><p><blockquote><b>付费用户持续增长</b></blockquote></p><p> It’s a no-brainer for new subscribers to continue signing up as streaming music is one of the cheapest forms of entertainment available per the June 2021 Music is Universal&nbsp;presentation&nbsp;by Pershing Square:</p><p><blockquote>新用户继续注册是理所当然的，因为根据潘兴广场 2021 年 6 月发布的《音乐是通用的》，流媒体音乐是最便宜的娱乐形式之一：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0fb02c3b21b98d3c77807c1dd039f633\" tg-width=\"800\" tg-height=\"571\" width=\"100%\" height=\"auto\"><span>Image Source: June 2021 Music is Universal presentation by Pershing Square</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：2021 年 6 月潘兴广场的音乐是普遍呈现</span></p></blockquote></p><p> Size begets size as new streaming customers like to go with the market leader. There is no one close to Spotify in terms of paid subscribers in the audio landscape. Apple (AAPL) might be a distant number two; they are well behind and they stopped disclosing their numbers some time ago. Also, Apple’s worldwide smartphone penetration isn’t nearly as high as their U.S. level.</p><p><blockquote>规模催生规模，因为新的流媒体客户喜欢与市场领导者合作。在音频领域，就付费用户而言，没有人能与Spotify相提并论。苹果（AAPL）可能是遥远的第二名；他们远远落后了，他们不久前就停止透露他们的数字了。此外，苹果在全球的智能手机普及率也远不及美国。</blockquote></p><p> Years ago Barry McCarthy was the CFO at Netflix (NFLX) and he learned the importance of being the earlier leader in the race to acquire paid subscribers. He left Netflix with the right structure and took that knowledge to Spotify where he served as CFO, laying down a solid foundation before handing the reins to current CFO, Paul Vogel. Spotify is catching up with Netflix with respect to paid subscribers but both companies are still growing nicely which is partially due to the contributions made by former CFO McCarthy. Back in 2015, Spotify only had 37% as many subscribers as Netflix but through 3Q21 they were up to 81%. I put together a chart to help visualize the growth for both companies:</p><p><blockquote>几年前，巴里·麦卡锡 (Barry McCarthy) 是 Netflix (NFLX) 的首席财务官，他认识到在获取付费用户的竞赛中成为早期领导者的重要性。他带着正确的结构离开了网飞，并将这些知识带到了Spotify，在那里他担任首席财务官，在将权力移交给现任首席财务官保罗·沃格尔之前奠定了坚实的基础。Spotify 在付费用户方面正在赶上 Netflix，但两家公司仍在良好增长，部分原因是前首席财务官麦卡锡的贡献。早在 2015 年，Spotify 的用户数量只有 Netflix 的 37%，但通过2021年第三季度，这一比例高达 81%。我制作了一张图表来帮助可视化两家公司的增长情况：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d4899bdb38637d477621ecfa1d6c920a\" tg-width=\"784\" tg-height=\"440\" width=\"100%\" height=\"auto\"><span>Image Source: Author’s spreadsheet</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：作者电子表格</span></p></blockquote></p><p> <b>The Gross Margin Keeps Improving</b></p><p><blockquote><b>毛利率持续改善</b></blockquote></p><p> Per the 3Q21&nbsp;financial statements, Spotify’s 3Q21 gross margin was 26.7% which is a nice improvement from the 3Q20 gross margin of 24.8% below:</p><p><blockquote>根据2021年第三季度的财务报表，Spotify 在2021年第三季度的毛利率为 26.7%，比2020年第三季度的 24.8% 毛利率有了不错的改善：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa7b0f76e8b23068fd5054d67d0568a6\" tg-width=\"600\" tg-height=\"612\" width=\"100%\" height=\"auto\"><span>Image Source: 3Q21 financial statements</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：2021年第三季度财务报表</span></p></blockquote></p><p> The 3Q21&nbsp;press release&nbsp;talks about this improvement:</p><p><blockquote>2021年第三季度新闻稿谈到了这一改进：</blockquote></p><p></p><p>   Gross Margin finished at 26.7% in Q3, above the top end of our guidance range and reflecting nearly 200 bps of Y/Y expansion. The Gross Margin improvement reflected a favorable revenue mix shift towards podcasts, marketplace activity, improved music advertising operating leverage, and Other Cost of Revenue efficiencies (e.g. payment fees, streaming delivery costs), which were partially offset by higher non-music and other content costs and publishing rate increases. Premium Gross Margin was 29.1% in Q3, up 182 bps Y/Y, and Ad-Supported Gross Margin was 10.5% in Q3, up 993 bps Y/Y. As a reminder, all content costs related to podcast investment are included in the Ad-Supported business for the current and historical periods.  These days Netflix enjoys a gross margin north of 40% but it was down at 27.2% [$983.4 million/$3,609.3 million] for 2012 per the&nbsp;10-K&nbsp;from that year. Per the Spotify 3Q21&nbsp;financial statements, their 9M21 gross margin is 26.9% [€1,879 million/€ 6,979 million] so they’re almost up to the 2012 level at Netflix. Spotify has come a long way from their gross margin of 11.6% for 2015 in their S-1&nbsp;filing&nbsp;and they aim to keep going up to a level of 30% to 40%. CFO Paul Vogel answered a question about getting to the 40% level at the September 2021 Bank of America&nbsp;Conference. He noted that podcasts are a drag on gross margins right now but said that will flip as the business matures and they have more of a fixed cost structure than a variable cost structure:</p><p><blockquote>第三季度毛利率为 26.7%，高于我们指导范围的上限，反映出同比增长近 200 个基点。毛利率的改善反映了收入组合向播客、市场活动、音乐广告运营杠杆的提高以及收入效率的其他成本（例如支付费用、流媒体交付成本）的有利转变，这些成本被更高的非音乐和其他内容成本以及发布率的提高部分抵消。第三季度保费毛利率为29.1%，同比上升182个基点，第三季度广告支持毛利率为10.5%，同比上升993个基点。提醒一下，所有与播客投资相关的内容成本都包含在当前和历史时期的广告支持业务中。如今，网飞的毛利率超过40%，但根据当年的10-K计算，2012年下降了27.2%【9.834亿美元/36.093亿美元】。根据 Spotify 2021年第三季度的财务报表，他们 21 年前 9 个月的毛利率为 26.9%（18.79 亿欧元/69.79 亿欧元），因此几乎达到了 Netflix 2012 年的水平。Spotify在S-1文件中的2015年11.6%的毛利率已经取得了长足的进步，他们的目标是继续提高到30%至40%的水平。首席财务官 Paul Vogel 在 2021 年 9 月的美国银行会议上回答了有关达到 40% 水平的问题。他指出，播客目前会拖累毛利率，但他表示，随着业务的成熟，这种情况将会发生变化，而且他们的固定成本结构多于可变成本结构：</blockquote></p><p>   One is, we think advertising is going to continue to grow, continue to be a bigger part of our business. Right now, it’s 10% of our business. We think there’s opportunity to improve the ad margins on the music side alone, because right now they’re lower than their premium side. We think there’s an opportunity there. And then you delve into the podcasting side where, as you said,  <b>as more and more of our business can move over to a fixed cost nature versus variable costs nature, we think there’s a big opportunity to grow gross margin</b>, on top of the podcasting business, and we sort of modeled that over a long period of time. And even though&nbsp;  <b>right now, the podcast business is actually a drag on gross margins</b>. We think over time, that will flip and will be a benefit to gross margins, if not a significant benefit to the gross margin.  <b>Ad Dollars Are Increasing</b></p><p><blockquote>一是，我们认为广告将继续增长，继续成为我们业务中更大的一部分。目前，它占我们业务的 10%。我们认为，仅音乐方面的广告利润率就有机会提高，因为目前的广告利润率低于高端广告利润率。我们认为那里有机会。然后你深入研究播客方面，正如你所说，<b>随着我们越来越多的业务转向固定成本性质而非可变成本性质，我们认为毛利率增长的巨大机会</b>在播客业务之上，我们在很长一段时间内对此进行了建模。尽管<b>目前，播客业务实际上拖累了毛利率</b>我们认为，随着时间的推移，这种情况将会逆转，即使对毛利率没有显着的好处，也会对毛利率有利。<b>广告费用正在增加</b></blockquote></p><p> Quarterly ad revenue grew 75% year-over-year:</p><p><blockquote>季度广告收入同比增长 75%：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/813c508a4233806d0b0c40878e880126\" tg-width=\"600\" tg-height=\"405\" width=\"100%\" height=\"auto\"><span>Image Source: 3Q21 financial statements</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：2021年第三季度财务报表</span></p></blockquote></p><p> Podcasts are a key part of ad revenue and the progress in this area was illustrated in the 3Q21 earnings call:</p><p><blockquote>播客是广告收入的重要组成部分，该领域的进展在 2021 年第三季度收益看涨期权中有所说明：</blockquote></p><p>   We started our journey&nbsp;  <b>3 years ago in podcasting with a catalog of about 185,000 podcasts</b>. And we were really nowhere compared to the largest players in the industry.  <b>Today, we have 3.2 million podcasts</b>on the platform, a growth rate of over 1,500%. But despite the fact that we're still a relatively new entrant, previous data indicated we have become the top platform for podcast consumption, in 60-plus countries. And now, according to Edison research and our own internal sources, we recently became&nbsp;  <b>the number one podcast platform U.S. listeners use the most</b>.  In the 3Q21 earnings call, it was noted that advertising revenues as a percentage of total revenues hit 13%. A question was asked by Rich Greenfield about the mix of revenues in five years and that mix shift impacting margins. CEO Daniel Ek answered by saying advertising should eventually be at least 20% of revenues and maybe even more than 40% of revenues in 5 to 10 years:</p><p><blockquote>我们开始我们的旅程<b>3年前在播客中，拥有约185,000个播客目录</b>与业内最大的参与者相比，我们真的不算什么。<b>今天，我们有320万个播客</b>在平台上，增长率超过1500%。尽管我们仍然是一个相对较新的进入者，但之前的数据表明，我们已经成为60多个国家播客消费的顶级平台。现在，根据爱迪生研究公司和我们自己的内部消息来源，我们最近成为<b>美国听众使用最多的第一播客平台</b>在 2021 年第三季度盈利看涨期权中，广告收入占总收入的比例达到 13%。Rich Greenfield 提出了一个关于五年内收入组合以及这种组合变化对利润率的影响的问题。首席执行官 Daniel Ek 回答说，广告最终应该至少占收入的 20%，甚至可能在 5 到 10 年内超过收入的 40%：</blockquote></p><p>   Maybe I'll talk about the size of this and Paul can chime in on the impact on margins. I'm really excited about ads. I think we have had a tremendous quarter with 75% growth year-over-year.  <b>But this is just the beginning, as I stated in my opening remarks. Long term, I believe at the very least, this should be 20% of our revenues. But it might possibly be a lot more than that 30%, 40% even over the next 5 to 10 years.</b>We're very excited about this being the second big revenue driver for Spotify and are obviously investing behind that both in product and platform improvements, but also as you may have read in hiring staff across the world that helps service these advertisers.  CFO Vogel chimed in on the mix of revenues question with some answers as well, noting that margins were up almost 1,000 basis points on the ad side:</p><p><blockquote>也许我会谈谈这个的规模，保罗可以谈谈对利润率的影响。我对广告真的很兴奋。我认为我们度过了一个巨大的季度，同比增长了 75%。<b>但正如我在开场白中所说，这仅仅是个开始。从长远来看，我相信至少这应该是我们收入的20%。但即使在未来 5 到 10 年内，这一比例也可能远远超过 30%、40%。</b>我们对这成为 Spotify 的第二大收入驱动力感到非常兴奋，并且显然正在投资于产品和平台改进，但正如您可能在世界各地雇佣员工来帮助服务这些广告商时读到的那样。首席财务官沃格尔也回应了收入组合问题，并给出了一些答案，指出广告方面的利润率提高了近 1,000 个基点：</blockquote></p><p></p><p>   And then from advertising generals, as Daniel said, it was up 75% in the quarter. We saw really nice, healthy gains on the music side. It was up significantly on the advertising side. And then podcasts advertising growth was in the triple digits. So we're seeing it across the board. What's really interesting is that the increased inventory is bringing increased demand. The demand is really high across all of our products. Podcasting is helping significantly on that. And then from a margin standpoint, obviously, the podcasting margin is helpful over time. We think having a fixed cost nature of the podcasting business and being able to grow that advertising will help margins. But additionally, just bringing more advertising into the platform, we're seeing the free music margins move up as well as you guys are aware, our free music margins are below our premium music margin. So to the extent that we can drive incremental advertising across not just podcasting, but music in general, that will help margins as well.  <b>Valuation</b></p><p><blockquote>正如丹尼尔所说，广告综合公司在本季度增长了 75%。我们在音乐方面看到了非常好的、健康的收获。它在广告方面大幅上升。然后播客广告的增长达到了三位数。所以我们全面看到了这一点。真正有趣的是，库存的增加带来了需求的增加。我们所有产品的需求都很高。播客在这方面有很大帮助。然后从利润的角度来看，很明显，随着时间的推移，播客利润是有帮助的。我们认为，播客业务的固定成本性质并能够增加广告将有助于提高利润率。但除此之外，只是将更多的广告引入平台，我们看到免费音乐的利润率上升，正如你们所知，我们的免费音乐利润率低于我们的优质音乐利润率。因此，在某种程度上，我们不仅可以推动播客，还可以推动音乐的增量广告，这也将有助于利润率。<b>估值</b></blockquote></p><p> In my March&nbsp;article, I thought Spotify was worth about $55 billion. Some of the numbers coming in since that time have been even better than expected. Also, management has increased the bottom end of the range for 4Q21 total revenue and gross margin. I now think Spotify is worth close to $60 billion. Today’s market cap is $58 billion based on the November 2nd share price of $298.08 and the 194,614,910 share count as of September 30, 2021 in the 2Q21 6-K&nbsp;filing. The enterprise value is fairly close to the market cap and I believe the stock is reasonably priced for the long run.</p><p><blockquote>在我三月份的文章中，我认为 Spotify 的价值约为 550 亿美元。从那时起，一些数字甚至比预期的还要好。此外，管理层还提高了2021年第四季度总收入和毛利率的下限。我现在认为Spotify的价值接近600亿美元。根据 11 月 2 日 298.08 美元的股价和2021年第二季度 6-K 文件中截至 2021 年 9 月 30 日的 194,614,910 股股票数量计算，今天的市值为 580 亿美元。企业价值相当接近市值，我相信从长远来看，该股票的定价是合理的。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4465297-spotify-stock-paid-subscriber-growth-back-on-track\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPOT":"Spotify Technology S.A."},"source_url":"https://seekingalpha.com/article/4465297-spotify-stock-paid-subscriber-growth-back-on-track","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191996183","content_text":"Summary\n\nPaid subscriber growth is back on track.\nPodcasts shift part of the business from a variable cost structure to a fixed cost structure.\nAd revenue is up 75% year-over-year!\n\nAvid Photographer. Travel the world to capture moments and beautiful photos. Sony Alpha User/iStock Editorial via Getty Images\nIntroduction\nMy thesis is that the future is bright for Spotify (SPOT) as paid subscribers, gross margins and ad revenue continue with prodigious growth. CEO Daniel Ek and the rest of Spotify have ardor to be a huge part of audio as the world keeps moving towards streaming and podcasts.\nIn the 3Q21 earnings call, CEO Ek talked about Spotify’s opportunities as the world shifts away from terrestrial radio:\n\n A good reminder,\n Linear Radio still has a 46% share of audio listening in the U.S. alone, this despite consumption shifting steadily away from it. In this year,\n more than 60% of all audio ads spending will go to traditional radio. I think this clearly shows that we have plenty of room to grow both in listening time and in our effective monetization.\n\nAt the time of this writing the exchange rate is about $1.16 per €1.\nPaid Subscribers Keep Rising\nIt’s a no-brainer for new subscribers to continue signing up as streaming music is one of the cheapest forms of entertainment available per the June 2021 Music is Universal presentation by Pershing Square:\nImage Source: June 2021 Music is Universal presentation by Pershing Square\nSize begets size as new streaming customers like to go with the market leader. There is no one close to Spotify in terms of paid subscribers in the audio landscape. Apple (AAPL) might be a distant number two; they are well behind and they stopped disclosing their numbers some time ago. Also, Apple’s worldwide smartphone penetration isn’t nearly as high as their U.S. level.\nYears ago Barry McCarthy was the CFO at Netflix (NFLX) and he learned the importance of being the earlier leader in the race to acquire paid subscribers. He left Netflix with the right structure and took that knowledge to Spotify where he served as CFO, laying down a solid foundation before handing the reins to current CFO, Paul Vogel. Spotify is catching up with Netflix with respect to paid subscribers but both companies are still growing nicely which is partially due to the contributions made by former CFO McCarthy. Back in 2015, Spotify only had 37% as many subscribers as Netflix but through 3Q21 they were up to 81%. I put together a chart to help visualize the growth for both companies:\nImage Source: Author’s spreadsheet\nThe Gross Margin Keeps Improving\nPer the 3Q21 financial statements, Spotify’s 3Q21 gross margin was 26.7% which is a nice improvement from the 3Q20 gross margin of 24.8% below:\nImage Source: 3Q21 financial statements\nThe 3Q21 press release talks about this improvement:\n\n Gross Margin finished at 26.7% in Q3, above the top end of our guidance range and reflecting nearly 200 bps of Y/Y expansion. The Gross Margin improvement reflected a favorable revenue mix shift towards podcasts, marketplace activity, improved music advertising operating leverage, and Other Cost of Revenue efficiencies (e.g. payment fees, streaming delivery costs), which were partially offset by higher non-music and other content costs and publishing rate increases. Premium Gross Margin was 29.1% in Q3, up 182 bps Y/Y, and Ad-Supported Gross Margin was 10.5% in Q3, up 993 bps Y/Y. As a reminder, all content costs related to podcast investment are included in the Ad-Supported business for the current and historical periods.\n\nThese days Netflix enjoys a gross margin north of 40% but it was down at 27.2% [$983.4 million/$3,609.3 million] for 2012 per the 10-K from that year. Per the Spotify 3Q21 financial statements, their 9M21 gross margin is 26.9% [€1,879 million/€ 6,979 million] so they’re almost up to the 2012 level at Netflix. Spotify has come a long way from their gross margin of 11.6% for 2015 in their S-1 filing and they aim to keep going up to a level of 30% to 40%. CFO Paul Vogel answered a question about getting to the 40% level at the September 2021 Bank of America Conference. He noted that podcasts are a drag on gross margins right now but said that will flip as the business matures and they have more of a fixed cost structure than a variable cost structure:\n\n One is, we think advertising is going to continue to grow, continue to be a bigger part of our business. Right now, it’s 10% of our business. We think there’s opportunity to improve the ad margins on the music side alone, because right now they’re lower than their premium side. We think there’s an opportunity there. And then you delve into the podcasting side where, as you said,\n as more and more of our business can move over to a fixed cost nature versus variable costs nature, we think there’s a big opportunity to grow gross margin, on top of the podcasting business, and we sort of modeled that over a long period of time. And even though \n right now, the podcast business is actually a drag on gross margins. We think over time, that will flip and will be a benefit to gross margins, if not a significant benefit to the gross margin.\n\nAd Dollars Are Increasing\nQuarterly ad revenue grew 75% year-over-year:\nImage Source: 3Q21 financial statements\nPodcasts are a key part of ad revenue and the progress in this area was illustrated in the 3Q21 earnings call:\n\n We started our journey \n 3 years ago in podcasting with a catalog of about 185,000 podcasts. And we were really nowhere compared to the largest players in the industry.\n Today, we have 3.2 million podcastson the platform, a growth rate of over 1,500%. But despite the fact that we're still a relatively new entrant, previous data indicated we have become the top platform for podcast consumption, in 60-plus countries. And now, according to Edison research and our own internal sources, we recently became \n the number one podcast platform U.S. listeners use the most.\n\nIn the 3Q21 earnings call, it was noted that advertising revenues as a percentage of total revenues hit 13%. A question was asked by Rich Greenfield about the mix of revenues in five years and that mix shift impacting margins. CEO Daniel Ek answered by saying advertising should eventually be at least 20% of revenues and maybe even more than 40% of revenues in 5 to 10 years:\n\n Maybe I'll talk about the size of this and Paul can chime in on the impact on margins. I'm really excited about ads. I think we have had a tremendous quarter with 75% growth year-over-year.\n But this is just the beginning, as I stated in my opening remarks. Long term, I believe at the very least, this should be 20% of our revenues. But it might possibly be a lot more than that 30%, 40% even over the next 5 to 10 years.We're very excited about this being the second big revenue driver for Spotify and are obviously investing behind that both in product and platform improvements, but also as you may have read in hiring staff across the world that helps service these advertisers.\n\nCFO Vogel chimed in on the mix of revenues question with some answers as well, noting that margins were up almost 1,000 basis points on the ad side:\n\n And then from advertising generals, as Daniel said, it was up 75% in the quarter. We saw really nice, healthy gains on the music side. It was up significantly on the advertising side. And then podcasts advertising growth was in the triple digits. So we're seeing it across the board. What's really interesting is that the increased inventory is bringing increased demand. The demand is really high across all of our products. Podcasting is helping significantly on that. And then from a margin standpoint, obviously, the podcasting margin is helpful over time. We think having a fixed cost nature of the podcasting business and being able to grow that advertising will help margins. But additionally, just bringing more advertising into the platform, we're seeing the free music margins move up as well as you guys are aware, our free music margins are below our premium music margin. So to the extent that we can drive incremental advertising across not just podcasting, but music in general, that will help margins as well.\n\nValuation\nIn my March article, I thought Spotify was worth about $55 billion. Some of the numbers coming in since that time have been even better than expected. Also, management has increased the bottom end of the range for 4Q21 total revenue and gross margin. I now think Spotify is worth close to $60 billion. Today’s market cap is $58 billion based on the November 2nd share price of $298.08 and the 194,614,910 share count as of September 30, 2021 in the 2Q21 6-K filing. The enterprise value is fairly close to the market cap and I believe the stock is reasonably priced for the long run.","news_type":1,"symbols_score_info":{"SPOT":0.9}},"isVote":1,"tweetType":1,"viewCount":3977,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848766494,"gmtCreate":1636030784367,"gmtModify":1636030784918,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"title":"","htmlText":"OK","listText":"OK","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/848766494","repostId":"1158417116","repostType":4,"repost":{"id":"1158417116","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":1636027483,"share":"https://www.laohunote.com/m/news/1158417116?lang=zh_CN&edition=full","pubTime":"2021-11-04 20:04","market":"us","language":"en","title":"Toplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1158417116","media":"Tiger Newspress","summary":"The S&P 500 and Nasdaq futures were at record highs on Thursday, propped up by a slew of stellar earnings reports and as investors shrugged off the Federal Reserve's first steps to begin paring its pandemic-era support.At 8:00 a.m. ET, Dow e-minis were down 17 points, or 0.05%, S&P 500 e-minis were up 5.25 points, or 0.11%, and Nasdaq 100 e-minis were up 60.5 points, or 0.38%.Tesla Inc added 1.9% and was set for a record open, while other mega-cap technology titans Microsoft Corp, Google-owner A","content":"<p>The S&amp;P 500 and Nasdaq futures were at record highs on Thursday, propped up by a slew of stellar earnings reports and as investors shrugged off the Federal Reserve's first steps to begin paring its pandemic-era support.</p><p><blockquote>标普500和纳斯达克期货周四创下历史新高，受到一系列出色财报的支撑，以及投资者对美联储开始削减大流行时代支持的第一步不屑一顾。</blockquote></p><p> At 8:00 a.m. ET, Dow e-minis were down 17 points, or 0.05%, S&amp;P 500 e-minis were up 5.25 points, or 0.11%, and Nasdaq 100 e-minis were up 60.5 points, or 0.38%.</p><p><blockquote>美国东部时间上午 8:00，道琼斯电子迷你指数下跌 17 点，跌幅 0.05%，标普500电子迷你指数上涨 5.25 点，跌幅 0.11%，纳斯达克 100 电子迷你指数上涨 60.5 点，跌幅 0.38%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/34b82a3a6bcc1b43dfa28ebacdf9efcb\" tg-width=\"1080\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Tesla Inc&nbsp;added 1.9% and was set for a record open, while other mega-cap technology titans Microsoft Corp, Google-owner Alphabet Inc, Amazon.com&nbsp;and Meta Platforms&nbsp;also edged higher.</p><p><blockquote>特斯拉公司上涨 1.9%，创下开盘纪录，而其他大型科技巨头微软公司、谷歌母公司Alphabet公司、亚马逊和 Meta Platforms 也小幅走高。</blockquote></p><p> The U.S. unemployment picture improved again last week, with initial filings for unemployment insurance falling to another pandemic-era low.First-time claims dropped to 269,000 for the week ended Oct. 30, down 14,000 from the previous period and better than the Dow Jones estimate for 275,000, the Labor Department reported Thursday.</p><p><blockquote>美国失业形势上周再次改善，首次申请失业保险人数降至大流行时代的新低。截至 10 月 30 日当周，首次申请人数降至 269,000 人，比上一时期减少 14,000 人，好于道琼斯预期的 275,000 人劳工部周四报告称。</blockquote></p><p> Continuing state jobless claims fall 134,000 to 2.1million;U.S. productivity sinks 5% in third quarter;U.S. trade gap widens to record $80.9 billion in September from revised $72.8 billion in prior month;U.S. output rises 1.7% in third quarter, hours worked jump 7%;U.S. unit-labor costs surge 8.3% in the third quarter.</p><p><blockquote>持续申请失业救济人数下降 13.4 万人至 210 万人；美国第三季度生产率下降 5%；9 月份美国贸易逆差从上月修正后的 728 亿美元扩大至创纪录的 809 亿美元；美国第三季度产出增长1.7%，工作时间增长7%；美国第三季度单位劳动力成本飙升8.3%。</blockquote></p><p> <b>Stocks making the biggest moves premarket: </b></p><p><blockquote><b>盘前波动最大的股票：</b></blockquote></p><p> <b>Moderna(MRNA)</b> – Moderna tumbled 11.5% in premarket action, following quarterly shortfalls in both earnings and revenue as well as a cut in the drug maker’s full-year earnings outlook. Moderna earned $7.70 per share for its latest quarter versus the $9.05 consensus estimate.</p><p><blockquote><b>现代（MRNA）</b>- Moderna 在盘前暴跌 11.5%，原因是季度盈利和收入均出现不足，以及该制药商全年盈利前景被下调。Moderna 最新季度每股收益为 7.70 美元，而市场普遍预期为 9.05 美元。</blockquote></p><p> <b>Merck(MRK)&nbsp;</b>–&nbsp;Britain became the first country to approve Merck &amp; Co’s Covid-19 antiviral pill, with the nation’s drug regulator describing the treatment as safe and effective.Merck shares rose 3.2% in premarket U.S. trading.</p><p><blockquote><b>默克(MRK)</b>- 英国成为第一个批准默克公司的 Covid-19 抗病毒药丸的国家，英国药品监管机构称该疗法安全有效。默克股价在美国盘前交易中上涨 3.2%。</blockquote></p><p> <b>Roku(ROKU) </b>– Roku shares slid 7.4% in premarket trading despite an earnings beat. The video-streaming device maker earned 48 cents per share for its latest quarter, well above the 6-cent consensus estimate, but revenue fell short of forecasts and the company issued a lower-than-expected revenue forecast for the holiday quarter.</p><p><blockquote><b>Roku（Roku）</b>– 尽管盈利超出预期，Roku股价在盘前交易中下跌 7.4%。这家视频流设备制造商最新季度每股收益为 48 美分，远高于 6 美分的市场普遍预期，但收入低于预期，该公司发布的假日季度收入预测低于预期。</blockquote></p><p> <b>Qualcomm(QCOM)</b> – Qualcomm beat estimates by 29 cents with adjusted quarterly earnings of $2.55 per share, and the chip maker’s revenue also beat forecasts. Qualcomm also forecasts strong growth, driven by demands for 5G smartphone technology. Shares jumped 9.6% in premarket trading.</p><p><blockquote><b>高通(QCOM)</b>- 高通公司调整后季度收益为每股 2.55 美元，超出预期 29 美分，这家芯片制造商的收入也超出了预期。高通还预测，在 5G 智能手机技术需求的推动下，高通将实现强劲增长。股价在盘前交易中上涨 9.6%。</blockquote></p><p> <b>Electronic Arts(EA)</b> – Electronic Arts reported an adjusted quarterly profit of $1.49 per share, compared with a consensus estimate of $1.17. The video game maker also beat on the top line. EA also raised its full-year outlook amid strength in its sports-themed games. Electronic Arts added 2.9% in the premarket.</p><p><blockquote><b>艺电(EA)</b>– 艺电公布调整后季度利润为每股 1.49 美元，而市场普遍预期为 1.17 美元。这家视频游戏制造商也击败了冠军。由于体育主题游戏的强劲表现，艺电还上调了全年展望。艺电盘前上涨2.9%。</blockquote></p><p> <b>Take-Two Interactive(TTWO)</b> – Take-Two had a quarter that mirrored rival Electronic Arts, beating on both the top and bottom lines, and raising its outlook. Take-Two reported adjusted earnings of $1.63 a share, beating the consensus estimate of $1.34, and its stock added 3.1% in premarket action.</p><p><blockquote><b>Take-Two 互动 (TTWO)</b>– Take-Two 的季度业绩与竞争对手艺电 (Electronic Arts) 如出一辙，营收和利润均有所增长，并提高了其前景。Take-Two 公布调整后每股收益为 1.63 美元，超出市场普遍预期的 1.34 美元，其股价在盘前上涨 3.1%。</blockquote></p><p> <b>Etsy(ETSY)</b> – The online crafts marketplace issued weaker-than-expected current-quarter revenue guidance although it did beat forecasts for its most recent quarter, coming in 8 cents above estimates with earnings of 62 cents per share.Etsy&nbsp;shares&nbsp;fell&nbsp;1%&nbsp;in premarket trading.</p><p><blockquote><b>埃齐（Etsy）</b>– 在线工艺品市场发布的本季度收入指引弱于预期，尽管其最近一个季度的收入指引确实超出了预期，比预期高出 8 美分，每股收益为 62 美分。 Etsy 股价在盘前交易中下跌 1%。</blockquote></p><p> <b>MGM Resorts(MGM)</b> – MGM rallied 2.4% in the premarket after announcing plans to sell the operations of its Mirage casino in Las Vegas to another operator. MGM said no sales agreement has been reached, however, and it did not disclose the name of any potential buyers.</p><p><blockquote><b>米高梅度假村（MGM）</b>– 米高梅宣布计划将其位于拉斯维加斯的 Mirage 赌场业务出售给另一家运营商后，盘前上涨 2.4%。然而，米高梅表示尚未达成销售协议，也没有透露任何潜在买家的姓名。</blockquote></p><p> <b>Regeneron Pharmaceuticals(REGN)</b> – The drug maker’s shares rallied 2.7% in the premarket after it reported a significant beat on both the top and bottom lines for its latest quarter. Regeneron earned an adjusted $15.37 per share, well above the $10.10 consensus estimate, on strong sales of its Covid-19 antibody cocktail as well as other treatments.</p><p><blockquote><b>再生元制药（雨）</b>- 这家制药商的股价在盘前上涨了 2.7%，此前该公司公布了最新一个季度的营收和利润均大幅增长。由于其 Covid-19 抗体鸡尾酒和其他治疗药物的强劲销售，Regeneron 调整后每股收益为 15.37 美元，远高于 10.10 美元的市场普遍预期。</blockquote></p><p> <b>Planet Fitness(PLNT)</b> – The fitness center operator’s stock surged 4.9% in premarket action after beating on the top and bottom lines and raising its full-year revenue forecast. Planet Fitness earned an adjusted 25 cents per share for its latest quarter, 7 cents above estimates.</p><p><blockquote><b>星球健身（PLNT）</b>- 这家健身中心运营商的股价在盘前大涨 4.9%，此前该公司的营收和利润均有所提高，并上调了全年收入预期。Planet Fitness 最新季度调整后每股收益为 25 美分，比预期高出 7 美分。</blockquote></p><p> <b>ViacomCBS(VIAC)</b> – ViacomCBS rose 0.7% in premarket trading after its quarterly earnings matched estimates and revenue came in better than expected. Results got a boost from strength in the company’s streaming and TV businesses.</p><p><blockquote><b>维亚康姆哥伦比亚广播公司（VIAC）</b>– 维亚康姆哥伦比亚广播公司 (ViacomCBS) 在季度收益符合预期且收入好于预期后，在盘前交易中上涨 0.7%。公司流媒体和电视业务的强劲势头推动了业绩的发展。</blockquote></p><p></p><p> <b>Wayfair(W)</b> – The online home goods seller slid 4.5% in the premarket after it reported an unexpected quarterly profit but saw revenue fall below analyst forecasts. Wayfair noted that spending has started to transition toward brick-and-mortar stores post-pandemic and it may take a few quarters for its growth to return to normal levels.</p><p><blockquote><b>韦费尔(W)</b>– 这家在线家居用品销售商在公布意外季度利润后，盘前下跌 4.5%，但收入低于分析师预测。Wayfair 指出，疫情过后，支出已开始转向实体店，其增长可能需要几个季度才能恢复正常水平。</blockquote></p><p> <b>Booking Holdings(BKNG)</b> – Booking Holdings rallied 4.6% in the premarket after the travel company reported better-than-expected profit and revenue for its latest quarter. The Priceline parent earned an adjusted $37.70 per share, compared with the $32.90 consensus estimate, and investors so far are shrugging off the company’s cautionary comments about a Covid-19 resurgence in Europe.</p><p><blockquote><b>预订控股(BKNG)</b>– Booking Holdings 在该旅游公司公布最新季度利润和收入好于预期后，盘前上涨 4.6%。Priceline 母公司调整后每股收益为 37.70 美元，而市场普遍预期为 32.90 美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的顶线</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的顶线</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-04 20:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The S&amp;P 500 and Nasdaq futures were at record highs on Thursday, propped up by a slew of stellar earnings reports and as investors shrugged off the Federal Reserve's first steps to begin paring its pandemic-era support.</p><p><blockquote>标普500和纳斯达克期货周四创下历史新高，受到一系列出色财报的支撑，以及投资者对美联储开始削减大流行时代支持的第一步不屑一顾。</blockquote></p><p> At 8:00 a.m. ET, Dow e-minis were down 17 points, or 0.05%, S&amp;P 500 e-minis were up 5.25 points, or 0.11%, and Nasdaq 100 e-minis were up 60.5 points, or 0.38%.</p><p><blockquote>美国东部时间上午 8:00，道琼斯电子迷你指数下跌 17 点，跌幅 0.05%，标普500电子迷你指数上涨 5.25 点，跌幅 0.11%，纳斯达克 100 电子迷你指数上涨 60.5 点，跌幅 0.38%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/34b82a3a6bcc1b43dfa28ebacdf9efcb\" tg-width=\"1080\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Tesla Inc&nbsp;added 1.9% and was set for a record open, while other mega-cap technology titans Microsoft Corp, Google-owner Alphabet Inc, Amazon.com&nbsp;and Meta Platforms&nbsp;also edged higher.</p><p><blockquote>特斯拉公司上涨 1.9%，创下开盘纪录，而其他大型科技巨头微软公司、谷歌母公司Alphabet公司、亚马逊和 Meta Platforms 也小幅走高。</blockquote></p><p> The U.S. unemployment picture improved again last week, with initial filings for unemployment insurance falling to another pandemic-era low.First-time claims dropped to 269,000 for the week ended Oct. 30, down 14,000 from the previous period and better than the Dow Jones estimate for 275,000, the Labor Department reported Thursday.</p><p><blockquote>美国失业形势上周再次改善，首次申请失业保险人数降至大流行时代的新低。截至 10 月 30 日当周，首次申请人数降至 269,000 人，比上一时期减少 14,000 人，好于道琼斯预期的 275,000 人劳工部周四报告称。</blockquote></p><p> Continuing state jobless claims fall 134,000 to 2.1million;U.S. productivity sinks 5% in third quarter;U.S. trade gap widens to record $80.9 billion in September from revised $72.8 billion in prior month;U.S. output rises 1.7% in third quarter, hours worked jump 7%;U.S. unit-labor costs surge 8.3% in the third quarter.</p><p><blockquote>持续申请失业救济人数下降 13.4 万人至 210 万人；美国第三季度生产率下降 5%；9 月份美国贸易逆差从上月修正后的 728 亿美元扩大至创纪录的 809 亿美元；美国第三季度产出增长1.7%，工作时间增长7%；美国第三季度单位劳动力成本飙升8.3%。</blockquote></p><p> <b>Stocks making the biggest moves premarket: </b></p><p><blockquote><b>盘前波动最大的股票：</b></blockquote></p><p> <b>Moderna(MRNA)</b> – Moderna tumbled 11.5% in premarket action, following quarterly shortfalls in both earnings and revenue as well as a cut in the drug maker’s full-year earnings outlook. Moderna earned $7.70 per share for its latest quarter versus the $9.05 consensus estimate.</p><p><blockquote><b>现代（MRNA）</b>- Moderna 在盘前暴跌 11.5%，原因是季度盈利和收入均出现不足，以及该制药商全年盈利前景被下调。Moderna 最新季度每股收益为 7.70 美元，而市场普遍预期为 9.05 美元。</blockquote></p><p> <b>Merck(MRK)&nbsp;</b>–&nbsp;Britain became the first country to approve Merck &amp; Co’s Covid-19 antiviral pill, with the nation’s drug regulator describing the treatment as safe and effective.Merck shares rose 3.2% in premarket U.S. trading.</p><p><blockquote><b>默克(MRK)</b>- 英国成为第一个批准默克公司的 Covid-19 抗病毒药丸的国家，英国药品监管机构称该疗法安全有效。默克股价在美国盘前交易中上涨 3.2%。</blockquote></p><p> <b>Roku(ROKU) </b>– Roku shares slid 7.4% in premarket trading despite an earnings beat. The video-streaming device maker earned 48 cents per share for its latest quarter, well above the 6-cent consensus estimate, but revenue fell short of forecasts and the company issued a lower-than-expected revenue forecast for the holiday quarter.</p><p><blockquote><b>Roku（Roku）</b>– 尽管盈利超出预期，Roku股价在盘前交易中下跌 7.4%。这家视频流设备制造商最新季度每股收益为 48 美分，远高于 6 美分的市场普遍预期，但收入低于预期，该公司发布的假日季度收入预测低于预期。</blockquote></p><p> <b>Qualcomm(QCOM)</b> – Qualcomm beat estimates by 29 cents with adjusted quarterly earnings of $2.55 per share, and the chip maker’s revenue also beat forecasts. Qualcomm also forecasts strong growth, driven by demands for 5G smartphone technology. Shares jumped 9.6% in premarket trading.</p><p><blockquote><b>高通(QCOM)</b>- 高通公司调整后季度收益为每股 2.55 美元，超出预期 29 美分，这家芯片制造商的收入也超出了预期。高通还预测，在 5G 智能手机技术需求的推动下，高通将实现强劲增长。股价在盘前交易中上涨 9.6%。</blockquote></p><p> <b>Electronic Arts(EA)</b> – Electronic Arts reported an adjusted quarterly profit of $1.49 per share, compared with a consensus estimate of $1.17. The video game maker also beat on the top line. EA also raised its full-year outlook amid strength in its sports-themed games. Electronic Arts added 2.9% in the premarket.</p><p><blockquote><b>艺电(EA)</b>– 艺电公布调整后季度利润为每股 1.49 美元，而市场普遍预期为 1.17 美元。这家视频游戏制造商也击败了冠军。由于体育主题游戏的强劲表现，艺电还上调了全年展望。艺电盘前上涨2.9%。</blockquote></p><p> <b>Take-Two Interactive(TTWO)</b> – Take-Two had a quarter that mirrored rival Electronic Arts, beating on both the top and bottom lines, and raising its outlook. Take-Two reported adjusted earnings of $1.63 a share, beating the consensus estimate of $1.34, and its stock added 3.1% in premarket action.</p><p><blockquote><b>Take-Two 互动 (TTWO)</b>– Take-Two 的季度业绩与竞争对手艺电 (Electronic Arts) 如出一辙，营收和利润均有所增长，并提高了其前景。Take-Two 公布调整后每股收益为 1.63 美元，超出市场普遍预期的 1.34 美元，其股价在盘前上涨 3.1%。</blockquote></p><p> <b>Etsy(ETSY)</b> – The online crafts marketplace issued weaker-than-expected current-quarter revenue guidance although it did beat forecasts for its most recent quarter, coming in 8 cents above estimates with earnings of 62 cents per share.Etsy&nbsp;shares&nbsp;fell&nbsp;1%&nbsp;in premarket trading.</p><p><blockquote><b>埃齐（Etsy）</b>– 在线工艺品市场发布的本季度收入指引弱于预期，尽管其最近一个季度的收入指引确实超出了预期，比预期高出 8 美分，每股收益为 62 美分。 Etsy 股价在盘前交易中下跌 1%。</blockquote></p><p> <b>MGM Resorts(MGM)</b> – MGM rallied 2.4% in the premarket after announcing plans to sell the operations of its Mirage casino in Las Vegas to another operator. MGM said no sales agreement has been reached, however, and it did not disclose the name of any potential buyers.</p><p><blockquote><b>米高梅度假村（MGM）</b>– 米高梅宣布计划将其位于拉斯维加斯的 Mirage 赌场业务出售给另一家运营商后，盘前上涨 2.4%。然而，米高梅表示尚未达成销售协议，也没有透露任何潜在买家的姓名。</blockquote></p><p> <b>Regeneron Pharmaceuticals(REGN)</b> – The drug maker’s shares rallied 2.7% in the premarket after it reported a significant beat on both the top and bottom lines for its latest quarter. Regeneron earned an adjusted $15.37 per share, well above the $10.10 consensus estimate, on strong sales of its Covid-19 antibody cocktail as well as other treatments.</p><p><blockquote><b>再生元制药（雨）</b>- 这家制药商的股价在盘前上涨了 2.7%，此前该公司公布了最新一个季度的营收和利润均大幅增长。由于其 Covid-19 抗体鸡尾酒和其他治疗药物的强劲销售，Regeneron 调整后每股收益为 15.37 美元，远高于 10.10 美元的市场普遍预期。</blockquote></p><p> <b>Planet Fitness(PLNT)</b> – The fitness center operator’s stock surged 4.9% in premarket action after beating on the top and bottom lines and raising its full-year revenue forecast. Planet Fitness earned an adjusted 25 cents per share for its latest quarter, 7 cents above estimates.</p><p><blockquote><b>星球健身（PLNT）</b>- 这家健身中心运营商的股价在盘前大涨 4.9%，此前该公司的营收和利润均有所提高，并上调了全年收入预期。Planet Fitness 最新季度调整后每股收益为 25 美分，比预期高出 7 美分。</blockquote></p><p> <b>ViacomCBS(VIAC)</b> – ViacomCBS rose 0.7% in premarket trading after its quarterly earnings matched estimates and revenue came in better than expected. Results got a boost from strength in the company’s streaming and TV businesses.</p><p><blockquote><b>维亚康姆哥伦比亚广播公司（VIAC）</b>– 维亚康姆哥伦比亚广播公司 (ViacomCBS) 在季度收益符合预期且收入好于预期后，在盘前交易中上涨 0.7%。公司流媒体和电视业务的强劲势头推动了业绩的发展。</blockquote></p><p></p><p> <b>Wayfair(W)</b> – The online home goods seller slid 4.5% in the premarket after it reported an unexpected quarterly profit but saw revenue fall below analyst forecasts. Wayfair noted that spending has started to transition toward brick-and-mortar stores post-pandemic and it may take a few quarters for its growth to return to normal levels.</p><p><blockquote><b>韦费尔(W)</b>– 这家在线家居用品销售商在公布意外季度利润后，盘前下跌 4.5%，但收入低于分析师预测。Wayfair 指出，疫情过后，支出已开始转向实体店，其增长可能需要几个季度才能恢复正常水平。</blockquote></p><p> <b>Booking Holdings(BKNG)</b> – Booking Holdings rallied 4.6% in the premarket after the travel company reported better-than-expected profit and revenue for its latest quarter. The Priceline parent earned an adjusted $37.70 per share, compared with the $32.90 consensus estimate, and investors so far are shrugging off the company’s cautionary comments about a Covid-19 resurgence in Europe.</p><p><blockquote><b>预订控股(BKNG)</b>– Booking Holdings 在该旅游公司公布最新季度利润和收入好于预期后，盘前上涨 4.6%。Priceline 母公司调整后每股收益为 37.70 美元，而市场普遍预期为 32.90 美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TTWO":"Take-Two Interactive Software","REGN":"再生元制药公司","PLNT":"Planet Fitness Inc","EA":"艺电",".DJI":"道琼斯","MRK":"默沙东","ETSY":"Etsy, Inc.","MRNA":"Moderna, Inc.","MGM":"美高梅","W":"Wayfair",".IXIC":"NASDAQ Composite","TSLA":"特斯拉","QCOM":"高通","BKNG":"Booking Holdings",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158417116","content_text":"The S&P 500 and Nasdaq futures were at record highs on Thursday, propped up by a slew of stellar earnings reports and as investors shrugged off the Federal Reserve's first steps to begin paring its pandemic-era support.\nAt 8:00 a.m. ET, Dow e-minis were down 17 points, or 0.05%, S&P 500 e-minis were up 5.25 points, or 0.11%, and Nasdaq 100 e-minis were up 60.5 points, or 0.38%.\n\nTesla Inc added 1.9% and was set for a record open, while other mega-cap technology titans Microsoft Corp, Google-owner Alphabet Inc, Amazon.com and Meta Platforms also edged higher.\nThe U.S. unemployment picture improved again last week, with initial filings for unemployment insurance falling to another pandemic-era low.First-time claims dropped to 269,000 for the week ended Oct. 30, down 14,000 from the previous period and better than the Dow Jones estimate for 275,000, the Labor Department reported Thursday.\nContinuing state jobless claims fall 134,000 to 2.1million;U.S. productivity sinks 5% in third quarter;U.S. trade gap widens to record $80.9 billion in September from revised $72.8 billion in prior month;U.S. output rises 1.7% in third quarter, hours worked jump 7%;U.S. unit-labor costs surge 8.3% in the third quarter.\nStocks making the biggest moves premarket: \nModerna(MRNA) – Moderna tumbled 11.5% in premarket action, following quarterly shortfalls in both earnings and revenue as well as a cut in the drug maker’s full-year earnings outlook. Moderna earned $7.70 per share for its latest quarter versus the $9.05 consensus estimate.\nMerck(MRK) – Britain became the first country to approve Merck & Co’s Covid-19 antiviral pill, with the nation’s drug regulator describing the treatment as safe and effective.Merck shares rose 3.2% in premarket U.S. trading.\nRoku(ROKU) – Roku shares slid 7.4% in premarket trading despite an earnings beat. The video-streaming device maker earned 48 cents per share for its latest quarter, well above the 6-cent consensus estimate, but revenue fell short of forecasts and the company issued a lower-than-expected revenue forecast for the holiday quarter.\nQualcomm(QCOM) – Qualcomm beat estimates by 29 cents with adjusted quarterly earnings of $2.55 per share, and the chip maker’s revenue also beat forecasts. Qualcomm also forecasts strong growth, driven by demands for 5G smartphone technology. Shares jumped 9.6% in premarket trading.\nElectronic Arts(EA) – Electronic Arts reported an adjusted quarterly profit of $1.49 per share, compared with a consensus estimate of $1.17. The video game maker also beat on the top line. EA also raised its full-year outlook amid strength in its sports-themed games. Electronic Arts added 2.9% in the premarket.\nTake-Two Interactive(TTWO) – Take-Two had a quarter that mirrored rival Electronic Arts, beating on both the top and bottom lines, and raising its outlook. Take-Two reported adjusted earnings of $1.63 a share, beating the consensus estimate of $1.34, and its stock added 3.1% in premarket action.\nEtsy(ETSY) – The online crafts marketplace issued weaker-than-expected current-quarter revenue guidance although it did beat forecasts for its most recent quarter, coming in 8 cents above estimates with earnings of 62 cents per share.Etsy shares fell 1% in premarket trading.\nMGM Resorts(MGM) – MGM rallied 2.4% in the premarket after announcing plans to sell the operations of its Mirage casino in Las Vegas to another operator. MGM said no sales agreement has been reached, however, and it did not disclose the name of any potential buyers.\nRegeneron Pharmaceuticals(REGN) – The drug maker’s shares rallied 2.7% in the premarket after it reported a significant beat on both the top and bottom lines for its latest quarter. Regeneron earned an adjusted $15.37 per share, well above the $10.10 consensus estimate, on strong sales of its Covid-19 antibody cocktail as well as other treatments.\nPlanet Fitness(PLNT) – The fitness center operator’s stock surged 4.9% in premarket action after beating on the top and bottom lines and raising its full-year revenue forecast. Planet Fitness earned an adjusted 25 cents per share for its latest quarter, 7 cents above estimates.\nViacomCBS(VIAC) – ViacomCBS rose 0.7% in premarket trading after its quarterly earnings matched estimates and revenue came in better than expected. Results got a boost from strength in the company’s streaming and TV businesses.\nWayfair(W) – The online home goods seller slid 4.5% in the premarket after it reported an unexpected quarterly profit but saw revenue fall below analyst forecasts. Wayfair noted that spending has started to transition toward brick-and-mortar stores post-pandemic and it may take a few quarters for its growth to return to normal levels.\nBooking Holdings(BKNG) – Booking Holdings rallied 4.6% in the premarket after the travel company reported better-than-expected profit and revenue for its latest quarter. The Priceline parent earned an adjusted $37.70 per share, compared with the $32.90 consensus estimate, and investors so far are shrugging off the company’s cautionary comments about a Covid-19 resurgence in Europe.","news_type":1,"symbols_score_info":{"TTWO":0.9,"BKNG":0.9,".DJI":0.9,"QCOM":0.9,"EA":0.9,"NQmain":0.9,"MRK":0.9,"MGM":0.9,"W":0.9,"ESmain":0.9,"REGN":0.9,"YMmain":0.9,"PLNT":0.9,"ETSY":0.9,"VIAC":0.9,".IXIC":0.9,"TSLA":0.9,".SPX":0.9,"MRNA":0.9}},"isVote":1,"tweetType":1,"viewCount":3481,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848492284,"gmtCreate":1636017609694,"gmtModify":1636017712870,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848492284","repostId":"1185162858","repostType":4,"isVote":1,"tweetType":1,"viewCount":3501,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848492373,"gmtCreate":1636017578253,"gmtModify":1636017578790,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848492373","repostId":"1166681038","repostType":4,"repost":{"id":"1166681038","kind":"news","pubTimestamp":1636009234,"share":"https://www.laohunote.com/m/news/1166681038?lang=zh_CN&edition=full","pubTime":"2021-11-04 15:00","market":"us","language":"en","title":"Apple Stock: It's Inching Toward All-Time Highs. What Will November Bring?<blockquote>苹果股票：它正在慢慢向历史高点迈进。11月会带来什么？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1166681038","media":"TheStreet","summary":"With only two months to go in 2021, Apple stock has just breached $150 in share price, and it inches","content":"<p>With only two months to go in 2021, Apple stock&nbsp;has just breached $150 in share price, and it inches toward all-time highs once again. Today, the Apple Maven talks about what investors should expect of AAPL in November. Is now a good time to hold shares, or should investors look for opportunities elsewhere?</p><p><blockquote>2021 年只剩下两个月了，苹果股价刚刚突破 150 美元，再次逼近历史新高。今天，这位苹果专家谈论了投资者对 11 月份 AAPL 的期望。现在是持股的好时机，还是投资者应该在其他地方寻找机会？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f77cd919bf55f9c7b79f631b0255910\" tg-width=\"1240\" tg-height=\"697\" width=\"100%\" height=\"auto\"><span>Figure 1: Apple Park in Cupertino, CA.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：加利福尼亚州库比蒂诺的苹果公园。</span></p></blockquote></p><p> <b>Thinking long term first</b></p><p><blockquote><b>着眼长远</b></blockquote></p><p> When it comes to AAPL, it is&nbsp;not a secret that I care much more&nbsp;about the long-term prospects than about the short-term trade opportunity. From this perspective, I continue to think that AAPL is a good stock to own at next-year earnings multiples of 26 times that I find modest, given strong fundamentals.</p><p><blockquote>谈到 AAPL，众所周知，我更关心长期前景，而不是短期贸易机会。从这个角度来看，我仍然认为 AAPL 是一只值得持有的好股票，考虑到强劲的基本面，明年市盈率为 26 倍，我认为这个市盈率不高。</blockquote></p><p> To be clear,investors did not seem too happy&nbsp;about Apple’s recent revenue miss – a rarity over the past five years at least. The infamous global supply chain issues of 2021 prevented the Cupertino company from realizing $6 billion in revenues, also putting at risk the results of the crucial holiday quarter.</p><p><blockquote>需要明确的是，投资者似乎对苹果最近的收入下滑并不太满意--这至少在过去五年中是罕见的。2021 年臭名昭著的全球供应链问题使这家库比蒂诺公司无法实现 60 亿美元的收入，也使关键假日季度的业绩面临风险。</blockquote></p><p> But under the hood, and aside from temporary procurement and logistics challenges, Apple seems to be doing quite well. CEO Tim Cook reemphasized high demand for Apple’s products and services, which he characterized as “enthusiastic”.Average prices for devices&nbsp;seem to be high, and margins remain healthy.</p><p><blockquote>但在幕后，除了暂时的采购和物流挑战之外，苹果似乎做得相当不错。首席执行官蒂姆-库克（Tim Cook）再次强调了对苹果产品和服务的高需求，他将这种需求描述为 “热情”。设备的平均价格似乎很高，利润率仍然健康。</blockquote></p><p> Therefore, buying an arguably great stock at a slight discount to the early September all-time high seems sensible to me.</p><p><blockquote>因此，对我来说，以比 9 月初历史高点略有折扣的价格购买一只可以说是优秀的股票似乎是明智的。</blockquote></p><p> <b>Seasonality is unfavorable</b></p><p><blockquote><b>季节性不利</b></blockquote></p><p> To answer the question of timing, however, one must consider short term factors. From a seasonality perspective, November is about as bad a month to buy AAPL, as the chart below suggests.</p><p><blockquote>然而，要回答时机问题，必须考虑短期因素。从季节性的角度来看，11 月是购买 AAPL 的最糟糕月份，如下图所示。</blockquote></p><p> Since the launch of the iPhone, in 2007, Apple stock has produced an average loss of -0.2% in the second-to-last month of the year. Worse yet, the losses have widened to nearly -2% in December and January combined. This is probably the result of sell-the-news pressures, following the launch of the newest iPhone in the fall and amid the busy holiday shopping weeks.</p><p><blockquote>自2007年推出iPhone以来，苹果股票在当年倒数第二个月的平均跌幅为-0.2%。更糟糕的是，12 月和 1 月的损失合计已扩大至近 -2%。这可能是在秋季推出最新 iPhone 后以及繁忙的假日购物周期间，抛售新闻压力的结果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7d445e7006af8b9873ba75d03c839fa4\" tg-width=\"668\" tg-height=\"349\" width=\"100%\" height=\"auto\"><span>Figure 2: AAPL average monthly return since iPhone launch.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图 2：自 iPhone 推出以来 AAPL 的平均月回报率。</span></p></blockquote></p><p> In fact, the holiday season could play an important role in how Apple stock performs in November. Revenue expectations have probably been set lower, given the supply chain disruptions that the management team warned about during the earnings call. Keep an eye on&nbsp;official&nbsp;monthly retail sales data and online shopping&nbsp;reports&nbsp;to see how well consumer product companies perform in Q4.</p><p><blockquote>事实上，假期可能会对苹果股票 11 月份的表现发挥重要作用。鉴于管理团队在盈利看涨期权上警告的供应链中断，收入预期可能会被调低。关注官方月度零售销售数据和网上购物报告，看看消费品公司在第四季度的表现如何。</blockquote></p><p> <b>What the technicals say</b></p><p><blockquote><b>技术人员怎么说</b></blockquote></p><p> From a technical (i.e. chart-reading) perspective, the signals seem to be mixed. The first graph below shows that Apple stock currently trades just above its 50-day and 150-day moving averages, suggesting that a bit of positive momentum has started to build since right before earnings. Also, share price has consistently found support at the longer-term moving average, which is currently $140.</p><p><blockquote>从技术（即图表阅读）的角度来看，信号似乎是混合的。下面的第一张图表显示，苹果股票目前的交易价格略高于 50 天和 150 天移动平均线，这表明在财报发布之前就已经开始形成一些积极势头。此外，股价一直在长期移动平均线（目前为 140 美元）处找到支撑。</blockquote></p><p> On the other hand, shares have been trading largely sideways within a narrow price band of $140 and $157 since the start of Q2, and the stock has yet to breach to the upside. Also, any potential bullishness of late has not been backed up by much volume. In fact, average number of shares traded recently has dipped to pre-COVID bear levels once again (second chart below).</p><p><blockquote>另一方面，自第二季度开始以来，股价一直在 140 美元和 157 美元的窄幅价格区间内横盘交易，该股尚未突破上涨空间。此外，最近任何潜在的看涨情绪都没有得到太多成交量的支持。事实上，最近交易的平均股票数量再次跌至新冠疫情前的熊市水平（下图第二张）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/24486ab543e6413994d549ee698bea49\" tg-width=\"738\" tg-height=\"359\" width=\"100%\" height=\"auto\"><span>Figure 2: AAPL price chart and trading volume.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：AAPL价格图表和交易量。</span></p></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>Apple Stock: It's Inching Toward All-Time Highs. What Will November Bring?<blockquote>苹果股票：它正在慢慢向历史高点迈进。11月会带来什么？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Stock: It's Inching Toward All-Time Highs. What Will November Bring?<blockquote>苹果股票：它正在慢慢向历史高点迈进。11月会带来什么？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-11-04 15:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>With only two months to go in 2021, Apple stock&nbsp;has just breached $150 in share price, and it inches toward all-time highs once again. Today, the Apple Maven talks about what investors should expect of AAPL in November. Is now a good time to hold shares, or should investors look for opportunities elsewhere?</p><p><blockquote>2021 年只剩下两个月了，苹果股价刚刚突破 150 美元，再次逼近历史新高。今天，这位苹果专家谈论了投资者对 11 月份 AAPL 的期望。现在是持股的好时机，还是投资者应该在其他地方寻找机会？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f77cd919bf55f9c7b79f631b0255910\" tg-width=\"1240\" tg-height=\"697\" width=\"100%\" height=\"auto\"><span>Figure 1: Apple Park in Cupertino, CA.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：加利福尼亚州库比蒂诺的苹果公园。</span></p></blockquote></p><p> <b>Thinking long term first</b></p><p><blockquote><b>着眼长远</b></blockquote></p><p> When it comes to AAPL, it is&nbsp;not a secret that I care much more&nbsp;about the long-term prospects than about the short-term trade opportunity. From this perspective, I continue to think that AAPL is a good stock to own at next-year earnings multiples of 26 times that I find modest, given strong fundamentals.</p><p><blockquote>谈到 AAPL，众所周知，我更关心长期前景，而不是短期贸易机会。从这个角度来看，我仍然认为 AAPL 是一只值得持有的好股票，考虑到强劲的基本面，明年市盈率为 26 倍，我认为这个市盈率不高。</blockquote></p><p> To be clear,investors did not seem too happy&nbsp;about Apple’s recent revenue miss – a rarity over the past five years at least. The infamous global supply chain issues of 2021 prevented the Cupertino company from realizing $6 billion in revenues, also putting at risk the results of the crucial holiday quarter.</p><p><blockquote>需要明确的是，投资者似乎对苹果最近的收入下滑并不太满意--这至少在过去五年中是罕见的。2021 年臭名昭著的全球供应链问题使这家库比蒂诺公司无法实现 60 亿美元的收入，也使关键假日季度的业绩面临风险。</blockquote></p><p> But under the hood, and aside from temporary procurement and logistics challenges, Apple seems to be doing quite well. CEO Tim Cook reemphasized high demand for Apple’s products and services, which he characterized as “enthusiastic”.Average prices for devices&nbsp;seem to be high, and margins remain healthy.</p><p><blockquote>但在幕后，除了暂时的采购和物流挑战之外，苹果似乎做得相当不错。首席执行官蒂姆-库克（Tim Cook）再次强调了对苹果产品和服务的高需求，他将这种需求描述为 “热情”。设备的平均价格似乎很高，利润率仍然健康。</blockquote></p><p> Therefore, buying an arguably great stock at a slight discount to the early September all-time high seems sensible to me.</p><p><blockquote>因此，对我来说，以比 9 月初历史高点略有折扣的价格购买一只可以说是优秀的股票似乎是明智的。</blockquote></p><p> <b>Seasonality is unfavorable</b></p><p><blockquote><b>季节性不利</b></blockquote></p><p> To answer the question of timing, however, one must consider short term factors. From a seasonality perspective, November is about as bad a month to buy AAPL, as the chart below suggests.</p><p><blockquote>然而，要回答时机问题，必须考虑短期因素。从季节性的角度来看，11 月是购买 AAPL 的最糟糕月份，如下图所示。</blockquote></p><p> Since the launch of the iPhone, in 2007, Apple stock has produced an average loss of -0.2% in the second-to-last month of the year. Worse yet, the losses have widened to nearly -2% in December and January combined. This is probably the result of sell-the-news pressures, following the launch of the newest iPhone in the fall and amid the busy holiday shopping weeks.</p><p><blockquote>自2007年推出iPhone以来，苹果股票在当年倒数第二个月的平均跌幅为-0.2%。更糟糕的是，12 月和 1 月的损失合计已扩大至近 -2%。这可能是在秋季推出最新 iPhone 后以及繁忙的假日购物周期间，抛售新闻压力的结果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7d445e7006af8b9873ba75d03c839fa4\" tg-width=\"668\" tg-height=\"349\" width=\"100%\" height=\"auto\"><span>Figure 2: AAPL average monthly return since iPhone launch.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图 2：自 iPhone 推出以来 AAPL 的平均月回报率。</span></p></blockquote></p><p> In fact, the holiday season could play an important role in how Apple stock performs in November. Revenue expectations have probably been set lower, given the supply chain disruptions that the management team warned about during the earnings call. Keep an eye on&nbsp;official&nbsp;monthly retail sales data and online shopping&nbsp;reports&nbsp;to see how well consumer product companies perform in Q4.</p><p><blockquote>事实上，假期可能会对苹果股票 11 月份的表现发挥重要作用。鉴于管理团队在盈利看涨期权上警告的供应链中断，收入预期可能会被调低。关注官方月度零售销售数据和网上购物报告，看看消费品公司在第四季度的表现如何。</blockquote></p><p> <b>What the technicals say</b></p><p><blockquote><b>技术人员怎么说</b></blockquote></p><p> From a technical (i.e. chart-reading) perspective, the signals seem to be mixed. The first graph below shows that Apple stock currently trades just above its 50-day and 150-day moving averages, suggesting that a bit of positive momentum has started to build since right before earnings. Also, share price has consistently found support at the longer-term moving average, which is currently $140.</p><p><blockquote>从技术（即图表阅读）的角度来看，信号似乎是混合的。下面的第一张图表显示，苹果股票目前的交易价格略高于 50 天和 150 天移动平均线，这表明在财报发布之前就已经开始形成一些积极势头。此外，股价一直在长期移动平均线（目前为 140 美元）处找到支撑。</blockquote></p><p> On the other hand, shares have been trading largely sideways within a narrow price band of $140 and $157 since the start of Q2, and the stock has yet to breach to the upside. Also, any potential bullishness of late has not been backed up by much volume. In fact, average number of shares traded recently has dipped to pre-COVID bear levels once again (second chart below).</p><p><blockquote>另一方面，自第二季度开始以来，股价一直在 140 美元和 157 美元的窄幅价格区间内横盘交易，该股尚未突破上涨空间。此外，最近任何潜在的看涨情绪都没有得到太多成交量的支持。事实上，最近交易的平均股票数量再次跌至新冠疫情前的熊市水平（下图第二张）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/24486ab543e6413994d549ee698bea49\" tg-width=\"738\" tg-height=\"359\" width=\"100%\" height=\"auto\"><span>Figure 2: AAPL price chart and trading volume.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：AAPL价格图表和交易量。</span></p></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/apple/stock/what-to-expect-of-apple-stock-in-november\">TheStreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/stock/what-to-expect-of-apple-stock-in-november","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166681038","content_text":"With only two months to go in 2021, Apple stock has just breached $150 in share price, and it inches toward all-time highs once again. Today, the Apple Maven talks about what investors should expect of AAPL in November. Is now a good time to hold shares, or should investors look for opportunities elsewhere?\nFigure 1: Apple Park in Cupertino, CA.\nThinking long term first\nWhen it comes to AAPL, it is not a secret that I care much more about the long-term prospects than about the short-term trade opportunity. From this perspective, I continue to think that AAPL is a good stock to own at next-year earnings multiples of 26 times that I find modest, given strong fundamentals.\nTo be clear,investors did not seem too happy about Apple’s recent revenue miss – a rarity over the past five years at least. The infamous global supply chain issues of 2021 prevented the Cupertino company from realizing $6 billion in revenues, also putting at risk the results of the crucial holiday quarter.\nBut under the hood, and aside from temporary procurement and logistics challenges, Apple seems to be doing quite well. CEO Tim Cook reemphasized high demand for Apple’s products and services, which he characterized as “enthusiastic”.Average prices for devices seem to be high, and margins remain healthy.\nTherefore, buying an arguably great stock at a slight discount to the early September all-time high seems sensible to me.\nSeasonality is unfavorable\nTo answer the question of timing, however, one must consider short term factors. From a seasonality perspective, November is about as bad a month to buy AAPL, as the chart below suggests.\nSince the launch of the iPhone, in 2007, Apple stock has produced an average loss of -0.2% in the second-to-last month of the year. Worse yet, the losses have widened to nearly -2% in December and January combined. This is probably the result of sell-the-news pressures, following the launch of the newest iPhone in the fall and amid the busy holiday shopping weeks.\nFigure 2: AAPL average monthly return since iPhone launch.\nIn fact, the holiday season could play an important role in how Apple stock performs in November. Revenue expectations have probably been set lower, given the supply chain disruptions that the management team warned about during the earnings call. Keep an eye on official monthly retail sales data and online shopping reports to see how well consumer product companies perform in Q4.\nWhat the technicals say\nFrom a technical (i.e. chart-reading) perspective, the signals seem to be mixed. The first graph below shows that Apple stock currently trades just above its 50-day and 150-day moving averages, suggesting that a bit of positive momentum has started to build since right before earnings. Also, share price has consistently found support at the longer-term moving average, which is currently $140.\nOn the other hand, shares have been trading largely sideways within a narrow price band of $140 and $157 since the start of Q2, and the stock has yet to breach to the upside. Also, any potential bullishness of late has not been backed up by much volume. In fact, average number of shares traded recently has dipped to pre-COVID bear levels once again (second chart below).\nFigure 2: AAPL price chart and trading volume.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":3087,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848313467,"gmtCreate":1635965935881,"gmtModify":1635965936431,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848313467","repostId":"1128649961","repostType":4,"repost":{"id":"1128649961","kind":"news","pubTimestamp":1635954934,"share":"https://www.laohunote.com/m/news/1128649961?lang=zh_CN&edition=full","pubTime":"2021-11-03 23:55","market":"us","language":"en","title":"Amazon Stock: It's Down 12% From Record. Buy in November?<blockquote>亚马逊股票：较记录下跌 12%。11月买？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1128649961","media":"TheStreet","summary":"Amazon’s Q3 was challenging, and the holiday quarter will likely see the impact of higher costs and ","content":"<p>Amazon’s Q3 was challenging, and the holiday quarter will likely see the impact of higher costs and supply disruptions. As worries remain, should investors buy the dip in November?</p><p><blockquote>亚马逊第三季度充满挑战，假日季度可能会受到成本上升和供应中断的影响。由于担忧依然存在，投资者是否应该在 11 月份逢低买入？</blockquote></p><p> Since&nbsp;the company’s second quarter earnings report, Amazon stock&nbsp;has been struggling to find traction. And while some hoped that third quarter results could suggest a post-pandemic recovery in e-commerce, Amazon’s online store sales climbed a mere 12% – low compared to nearly 40% last year.</p><p><blockquote>自亚马逊第二季度财报发布以来，亚马逊的股票一直在努力寻找动力。虽然有些人希望第三季度的业绩能表明电子商务在大流行后有所复苏，但亚马逊的在线商店销售额仅增长了 12%，与去年的近 40% 相比较低。</blockquote></p><p> Now, AMZN is 12% off its all-time high. Given the current setup, could November be a good month to buy Amazon stock? The Amazon Maven discusses the opportunity below.</p><p><blockquote>现在，AMZN 较历史高点下跌 12%。考虑到目前的情况，11 月会是购买亚马逊股票的好月份吗？亚马逊专家在下面讨论了这个机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/859137fd59747f3531fd786b5fae3a82\" tg-width=\"893\" tg-height=\"500\" width=\"100%\" height=\"auto\"><span>Figure 1: Amazon fulfillment center.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：亚马逊运营中心。</span></p></blockquote></p><p> <b>Fundamentals still solid</b></p><p><blockquote><b>基本面依然稳固</b></blockquote></p><p> Few will disagree that Amazon is still the king of e-commerce. The company has been using the “flywheel approach” to its advantage, pulling together demand for its products and services and creating customer loyalty. With the number of Prime members&nbsp;expected to reach nearly 7 out of 10 American households&nbsp;by 2025, we believe that the Seattle-based company is the obvious candidate to capture the most growth opportunities.</p><p><blockquote>很少有人会不同意亚马逊仍然是电子商务之王。该公司一直在利用 “飞轮法 ”发挥自身优势，吸引对其产品和服务的需求，并建立客户忠诚度。到 2025 年，Prime 会员数量预计将达到近十分之七的美国家庭，我们相信这家总部位于西雅图的公司显然是抓住最多增长机会的候选人。</blockquote></p><p> On the cloud side, Amazon seems to have nothing but blue skies ahead (pun intended). AWS (i.e. Amazon Web Services) was instrumental in keeping total company op profits afloat in the third quarter – a combination of top-line momentum and a low marginal cost model. With the cloud space projected to grow at a CAGR of nearly 20% through 2028 at least, market leader Amazon stands to benefit.</p><p><blockquote>在云方面，亚马逊似乎只有蓝天（双关语）。AWS（即亚马逊网络服务）在第三季度保持公司总运营利润方面发挥了重要作用——这是营收势头和低边际成本模式的结合。预计至少到 2028 年，云领域的复合年增长率将接近 20%，市场领导者亚马逊将从中受益。</blockquote></p><p> <b>Buying the dip</b></p><p><blockquote><b>逢低买入</b></blockquote></p><p> While it is hard to make short-term predictions on price movement, the recent pullback in AMZN could be an opportunity for long-term shareholders.As the Amazon Maven has discussed before, “buying the fear and selling the greed” has worked well for Amazon stock.</p><p><blockquote>虽然很难对价格走势做出短期预测，但亚马逊最近的回调对长期股东来说可能是一个机会。正如亚马逊专家之前讨论过的那样，“买入恐惧，卖出贪婪 ”对亚马逊股票来说效果很好。</blockquote></p><p> The chart below shows that buying AMZN and holding it for a year has produced an average of 33% in gains over the past two decades. Doing so after a 15% correction or more has led to even better returns of 42%. Therefore, with the stock officially in correction mode (i.e. 10% or more below peak levels), November could prove to be a good time to buy.</p><p><blockquote>下图显示，在过去二十年中，购买 AMZN 并持有一年平均可带来 33% 的收益。在 15% 或更长时间的修正后这样做可以获得 42% 的更好回报。因此，随着该股正式进入修正模式（即比峰值水平低10%或更多），11月可能是买入的好时机。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fe59b47af83bd439a7f35ab6c5325b9b\" tg-width=\"630\" tg-height=\"410\" width=\"100%\" height=\"auto\"><span>Figure 2: Median one-year return on AMZN.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图 2：AMZN 的一年回报率中位数。</span></p></blockquote></p><p> <b>Wall Street says buy</b></p><p><blockquote><b>华尔街表示买入</b></blockquote></p><p> The pandemic has led analysts to think that shopping habits would be disrupted for good. However, Amazon’s two most recent earnings reports have proven that e-commerce benefited from a temporary spike in buy-from-home activity in 2020 – and that enough demand has been shifting back to the brick-and-mortar channel this year.</p><p><blockquote>疫情导致分析师认为购物习惯将永远被打乱。然而，亚马逊最近的两份财报证明，电子商务受益于 2020 年在家购买活动的暂时激增--今年有足够的需求转回实体渠道。</blockquote></p><p> Expectations seem to have been reset. Still, Wall Street consensus remains highly bullish. Analysts believe that Amazon stock should be worth over $4,000 in the foreseeable future, according to TipRanks. If so, this would represent upside of 22%, even if such gains may take months to materialize.</p><p><blockquote>预期似乎被重置了。尽管如此，华尔街的共识仍然高度乐观。据 TipRanks 称，分析师认为，在可预见的未来，亚马逊股票价值应超过 4,000 美元。如果是这样，这将代表 22% 的上涨空间，即使这种收益可能需要几个月才能实现。</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>Amazon Stock: It's Down 12% From Record. Buy in November?<blockquote>亚马逊股票：较记录下跌 12%。11月买？</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\">\nAmazon Stock: It's Down 12% From Record. Buy in November?<blockquote>亚马逊股票：较记录下跌 12%。11月买？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-11-03 23:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Amazon’s Q3 was challenging, and the holiday quarter will likely see the impact of higher costs and supply disruptions. As worries remain, should investors buy the dip in November?</p><p><blockquote>亚马逊第三季度充满挑战，假日季度可能会受到成本上升和供应中断的影响。由于担忧依然存在，投资者是否应该在 11 月份逢低买入？</blockquote></p><p> Since&nbsp;the company’s second quarter earnings report, Amazon stock&nbsp;has been struggling to find traction. And while some hoped that third quarter results could suggest a post-pandemic recovery in e-commerce, Amazon’s online store sales climbed a mere 12% – low compared to nearly 40% last year.</p><p><blockquote>自亚马逊第二季度财报发布以来，亚马逊的股票一直在努力寻找动力。虽然有些人希望第三季度的业绩能表明电子商务在大流行后有所复苏，但亚马逊的在线商店销售额仅增长了 12%，与去年的近 40% 相比较低。</blockquote></p><p> Now, AMZN is 12% off its all-time high. Given the current setup, could November be a good month to buy Amazon stock? The Amazon Maven discusses the opportunity below.</p><p><blockquote>现在，AMZN 较历史高点下跌 12%。考虑到目前的情况，11 月会是购买亚马逊股票的好月份吗？亚马逊专家在下面讨论了这个机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/859137fd59747f3531fd786b5fae3a82\" tg-width=\"893\" tg-height=\"500\" width=\"100%\" height=\"auto\"><span>Figure 1: Amazon fulfillment center.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：亚马逊运营中心。</span></p></blockquote></p><p> <b>Fundamentals still solid</b></p><p><blockquote><b>基本面依然稳固</b></blockquote></p><p> Few will disagree that Amazon is still the king of e-commerce. The company has been using the “flywheel approach” to its advantage, pulling together demand for its products and services and creating customer loyalty. With the number of Prime members&nbsp;expected to reach nearly 7 out of 10 American households&nbsp;by 2025, we believe that the Seattle-based company is the obvious candidate to capture the most growth opportunities.</p><p><blockquote>很少有人会不同意亚马逊仍然是电子商务之王。该公司一直在利用 “飞轮法 ”发挥自身优势，吸引对其产品和服务的需求，并建立客户忠诚度。到 2025 年，Prime 会员数量预计将达到近十分之七的美国家庭，我们相信这家总部位于西雅图的公司显然是抓住最多增长机会的候选人。</blockquote></p><p> On the cloud side, Amazon seems to have nothing but blue skies ahead (pun intended). AWS (i.e. Amazon Web Services) was instrumental in keeping total company op profits afloat in the third quarter – a combination of top-line momentum and a low marginal cost model. With the cloud space projected to grow at a CAGR of nearly 20% through 2028 at least, market leader Amazon stands to benefit.</p><p><blockquote>在云方面，亚马逊似乎只有蓝天（双关语）。AWS（即亚马逊网络服务）在第三季度保持公司总运营利润方面发挥了重要作用——这是营收势头和低边际成本模式的结合。预计至少到 2028 年，云领域的复合年增长率将接近 20%，市场领导者亚马逊将从中受益。</blockquote></p><p> <b>Buying the dip</b></p><p><blockquote><b>逢低买入</b></blockquote></p><p> While it is hard to make short-term predictions on price movement, the recent pullback in AMZN could be an opportunity for long-term shareholders.As the Amazon Maven has discussed before, “buying the fear and selling the greed” has worked well for Amazon stock.</p><p><blockquote>虽然很难对价格走势做出短期预测，但亚马逊最近的回调对长期股东来说可能是一个机会。正如亚马逊专家之前讨论过的那样，“买入恐惧，卖出贪婪 ”对亚马逊股票来说效果很好。</blockquote></p><p> The chart below shows that buying AMZN and holding it for a year has produced an average of 33% in gains over the past two decades. Doing so after a 15% correction or more has led to even better returns of 42%. Therefore, with the stock officially in correction mode (i.e. 10% or more below peak levels), November could prove to be a good time to buy.</p><p><blockquote>下图显示，在过去二十年中，购买 AMZN 并持有一年平均可带来 33% 的收益。在 15% 或更长时间的修正后这样做可以获得 42% 的更好回报。因此，随着该股正式进入修正模式（即比峰值水平低10%或更多），11月可能是买入的好时机。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fe59b47af83bd439a7f35ab6c5325b9b\" tg-width=\"630\" tg-height=\"410\" width=\"100%\" height=\"auto\"><span>Figure 2: Median one-year return on AMZN.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图 2：AMZN 的一年回报率中位数。</span></p></blockquote></p><p> <b>Wall Street says buy</b></p><p><blockquote><b>华尔街表示买入</b></blockquote></p><p> The pandemic has led analysts to think that shopping habits would be disrupted for good. However, Amazon’s two most recent earnings reports have proven that e-commerce benefited from a temporary spike in buy-from-home activity in 2020 – and that enough demand has been shifting back to the brick-and-mortar channel this year.</p><p><blockquote>疫情导致分析师认为购物习惯将永远被打乱。然而，亚马逊最近的两份财报证明，电子商务受益于 2020 年在家购买活动的暂时激增--今年有足够的需求转回实体渠道。</blockquote></p><p> Expectations seem to have been reset. Still, Wall Street consensus remains highly bullish. Analysts believe that Amazon stock should be worth over $4,000 in the foreseeable future, according to TipRanks. If so, this would represent upside of 22%, even if such gains may take months to materialize.</p><p><blockquote>预期似乎被重置了。尽管如此，华尔街的共识仍然高度乐观。据 TipRanks 称，分析师认为，在可预见的未来，亚马逊股票价值应超过 4,000 美元。如果是这样，这将代表 22% 的上涨空间，即使这种收益可能需要几个月才能实现。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/amazon/stock/amazon-stock-should-you-buy-in-november\">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":{"AMZN":"亚马逊"},"source_url":"https://www.thestreet.com/amazon/stock/amazon-stock-should-you-buy-in-november","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128649961","content_text":"Amazon’s Q3 was challenging, and the holiday quarter will likely see the impact of higher costs and supply disruptions. As worries remain, should investors buy the dip in November?\nSince the company’s second quarter earnings report, Amazon stock has been struggling to find traction. And while some hoped that third quarter results could suggest a post-pandemic recovery in e-commerce, Amazon’s online store sales climbed a mere 12% – low compared to nearly 40% last year.\nNow, AMZN is 12% off its all-time high. Given the current setup, could November be a good month to buy Amazon stock? The Amazon Maven discusses the opportunity below.\nFigure 1: Amazon fulfillment center.\nFundamentals still solid\nFew will disagree that Amazon is still the king of e-commerce. The company has been using the “flywheel approach” to its advantage, pulling together demand for its products and services and creating customer loyalty. With the number of Prime members expected to reach nearly 7 out of 10 American households by 2025, we believe that the Seattle-based company is the obvious candidate to capture the most growth opportunities.\nOn the cloud side, Amazon seems to have nothing but blue skies ahead (pun intended). AWS (i.e. Amazon Web Services) was instrumental in keeping total company op profits afloat in the third quarter – a combination of top-line momentum and a low marginal cost model. With the cloud space projected to grow at a CAGR of nearly 20% through 2028 at least, market leader Amazon stands to benefit.\nBuying the dip\nWhile it is hard to make short-term predictions on price movement, the recent pullback in AMZN could be an opportunity for long-term shareholders.As the Amazon Maven has discussed before, “buying the fear and selling the greed” has worked well for Amazon stock.\nThe chart below shows that buying AMZN and holding it for a year has produced an average of 33% in gains over the past two decades. Doing so after a 15% correction or more has led to even better returns of 42%. Therefore, with the stock officially in correction mode (i.e. 10% or more below peak levels), November could prove to be a good time to buy.\nFigure 2: Median one-year return on AMZN.\nWall Street says buy\nThe pandemic has led analysts to think that shopping habits would be disrupted for good. However, Amazon’s two most recent earnings reports have proven that e-commerce benefited from a temporary spike in buy-from-home activity in 2020 – and that enough demand has been shifting back to the brick-and-mortar channel this year.\nExpectations seem to have been reset. Still, Wall Street consensus remains highly bullish. Analysts believe that Amazon stock should be worth over $4,000 in the foreseeable future, according to TipRanks. If so, this would represent upside of 22%, even if such gains may take months to materialize.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":3898,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":828863323,"gmtCreate":1633899027213,"gmtModify":1633899027408,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"title":"","htmlText":"&nbsp; &nbsp;Like","listText":"&nbsp; &nbsp;Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/828863323","repostId":"1155472390","repostType":4,"isVote":1,"tweetType":1,"viewCount":3556,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":885431575,"gmtCreate":1631809337697,"gmtModify":1631889356796,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/885431575","repostId":"2167517961","repostType":4,"isVote":1,"tweetType":1,"viewCount":964,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885431808,"gmtCreate":1631809294804,"gmtModify":1631889356808,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/885431808","repostId":"1168707929","repostType":4,"repost":{"id":"1168707929","kind":"news","pubTimestamp":1631802521,"share":"https://www.laohunote.com/m/news/1168707929?lang=zh_CN&edition=full","pubTime":"2021-09-16 22:28","market":"us","language":"en","title":"Amazon Is Doing It. So Is Walmart. Why Retail Loves ‘Buy Now, Pay Later.’<blockquote>亚马逊正在做这件事。沃尔玛也是。为什么零售业喜欢 “先买后付”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1168707929","media":"The Wall Street Journal","summary":"Retailers big and small are using installment plans to wring more sales out of shoppers who can’t ge","content":"<p>Retailers big and small are using installment plans to wring more sales out of shoppers who can’t get credit cards</p><p><blockquote>大大小小的零售商都在使用分期付款计划，从无法获得信用卡的购物者那里榨取更多销售额</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/108a4007d95b3e93e4d3fe6d678d8339\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\"><span>Shoppers spend more at Macy’s when they use installment plans offered through Klarna Bank, Macy’s CEO Jeff Gennette said on a recent earnings call.</span></p><p><blockquote><p class=\"t-img-caption\"><span>梅西百货首席执行官杰夫-根内特（Jeff Gennette）在最近的一次财报看涨期权上说，购物者在使用 Klarna 银行提供的分期付款计划时，在梅西百货的消费会更多。</span></p></blockquote></p><p> Alexis Luedtke got her first “buy now, pay later” plan in 2019 after she was rejected for a credit card. She has used at least five more since to buy face cream, T-shirts and birthday gifts.</p><p><blockquote>2019 年，Alexis Luedtke 在申请信用卡被拒后，获得了她的第一个 “先买后付 ”计划。从那以后，她至少又用了五个钱来买面霜、T恤和生日礼物。</blockquote></p><p> Installment plans are back&nbsp;in style.PayPal Holdings&nbsp;Inc.&nbsp;last week&nbsp;said it was buying Japanese installment payment startup&nbsp;Paidy Inc., following Square Inc.’s&nbsp;$29 billion deal&nbsp;for&nbsp;Afterpay&nbsp;Ltd.Macy’s&nbsp;Inc.&nbsp;and&nbsp;Bed Bath &amp; Beyond&nbsp;Inc.&nbsp;have added the option at checkout over the past year. Even&nbsp;Amazon.com&nbsp;Inc.&nbsp;is doing it.</p><p><blockquote>PayPal Holdings Inc. 继 Square Inc. 以 290 亿美元收购 Afterpay Ltd. 之后，PayPal Holdings Inc. 和 Bed Bath &amp; Beyond Inc.甚至亚马逊公司也在这么做。</blockquote></p><p> One reason: shoppers like Ms. Luedtke who don’t qualify for credit cards. Buy-now-pay-later companies say they rely less on—and in some cases bypass altogether—traditional credit scores and reports. Doing so allows them to approve more consumers. Shoppers gain the ability to buy things even without cash on hand—translating to higher sales for retailers.</p><p><blockquote>原因之一： 像 Luedtke 女士这样没有资格使用信用卡的购物者。先买后付的公司表示，他们较少依赖传统信用评分和报告，在某些情况下甚至完全绕过传统信用评分和报告。这样做可以让他们认可更多的消费者。即使手头没有现金，购物者也能购买商品，这意味着零售商的销售额会更高。</blockquote></p><p> Afterpay said it expects the company’s U.S. merchants will see an $8.2 billion increase in sales this year because of payment plans.Affirm Holdings&nbsp;Inc.&nbsp;last year said purchases made with its payment plans were 85% larger, on average.</p><p><blockquote>Affirm Holdings Inc. Affirm Holdings Inc. Affirm Holdings Inc.</blockquote></p><p> Shoppers spend more at Macy’s when they use installment plans offered through Klarna Bank AB, Macy’s CEO Jeff Gennette said on a recent earnings call. Klarna also is helping the retailer attract younger customers, he said.</p><p><blockquote>梅西百货首席执行官杰夫-根内特（Jeff Gennette）在最近的一次财报看涨期权上说，购物者在使用 Klarna Bank AB 提供的分期付款计划时，在梅西百货的消费会更多。他说，Klarna 还在帮助零售商吸引年轻顾客。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/40620bab35c446816da175fb2334c05e\" tg-width=\"435\" tg-height=\"562\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> “The value that most retailers see in buy now, pay later is customer acquisition,” said David Sykes, Klarna’s North America head.</p><p><blockquote>“Klarna 北美负责人 David Sykes 说：”大多数零售商在“先买后付”中看到的价值是客户获取。</blockquote></p><p> Ms. Luedtke, 26, has credit cards now but still prefers installment plans. Just last month, she used them to buy about $40 of Peter Thomas Roth skin-care products and $65 in clothing from Shein.</p><p><blockquote>26岁的Luedtke女士现在有信用卡，但仍然更喜欢分期付款计划。就在上个月，她用它们从Shein购买了价值约40美元的Peter Thomas Roth护肤品和65美元的衣服。</blockquote></p><p> “It definitely influences how much more I buy or would spend,” she said. “It’s easier to pay $200 over so many weeks compared to $200 right now.”</p><p><blockquote>“她说：”这肯定会影响我多买多少或多花多少钱。“与现在的 200 美元相比，在这么多周内支付 200 美元要容易得多”。</blockquote></p><p> Buy now, pay later is a new twist on an old idea. Big retailers have for decades offered installment plans for big-ticket items like washing machines. Today, these plans come in a variety of flavors. Afterpay offers payment plans that shoppers usually attach to their debit cards. Others, like Affirm, also facilitate new loans.</p><p><blockquote>先买后付是对旧观念的新改动。几十年来，大型零售商一直为洗衣机等大件商品提供分期付款计划。如今，这些计划有多种口味。Afterpay 提供购物者通常附在借记卡上的付款计划。其他公司，如 Affirm，也为新贷款提供便利。</blockquote></p><p> Interest rates and other terms vary by payment-plan provider. Affirm interest rates range from 0% to 30%, with some 43% of its transactions during its last fiscal year not charging interest at all. The company doesn’t charge late fees. Afterpay doesn’t charge interest but does collect late fees.</p><p><blockquote>利率和其他条款因付款计划提供商而异。Affirm 的利率范围为 0% 至 30%，上一财年约有 43% 的交易根本不收取利息。公司不收取滞纳金。Afterpay 不收取利息，但收取滞纳金。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/223a1da79b30869fc443b06f41a959eb\" tg-width=\"441\" tg-height=\"556\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Merchants take no credit risk with these plans, but the fees they incur can be higher than on credit-card purchases—often between 3% and 5% of the purchase price, according to people familiar with the matter.</p><p><blockquote>据知情人士透露，商家不承担这些计划的信用风险，但他们产生的费用可能高于信用卡购买，通常在购买价格的 3% 至 5% 之间。</blockquote></p><p> Buy-now-pay-later companies say they can approve more customers than banks, including people who have thin or no borrowing history. Some 53 million adults in the U.S. lack traditional credit scores, according to FICO score creator&nbsp;Fair Isaac&nbsp;Corp.Installment plans are safer, they say, because they are often smaller than credit-card spending limits and approved on a per-transaction basis.</p><p><blockquote>先买后付的公司表示，他们可以批准比银行更多的客户，包括借款记录很少或没有借款记录的人。据 FICO 评分创建者 Fair Isaac Corp. 称，美国约有 5300 万成年人缺乏传统信用评分。他们表示，分期付款计划更安全，因为它们通常小于信用卡消费限额，并且是按每笔交易批准的。</blockquote></p><p> Affirm said that it had a net charge-off rate of 1% in the quarter ended June 30, down from 2% a year earlier. Afterpay said it wrote off 0.6% of the total dollars it processed in payments during the company’s fiscal year ended June 30, up from 0.4% the year prior.</p><p><blockquote>Affirm 表示，截至 6 月 30 日的季度，其净冲销率为 1%，低于去年同期的 2%。Afterpay 表示，在截至 6 月 30 日的财年中，该公司注销了支付总额的 0.6%，高于上一年的 0.4%。</blockquote></p><p> Working with a web of retailers, buy-now-pay-later companies can create self-contained payment ecosystems. They factor payment behavior into future underwriting decisions. Customers who pay late or not at all risk losing the installment option at other participating retailers.</p><p><blockquote>通过与零售商网络合作，先买后付的公司可以创建独立的支付生态系统。他们将支付行为纳入未来的承保决策。延迟付款或根本不付款的客户可能会失去其他参与零售商的分期付款选项。</blockquote></p><p> “Most merchants want a partner who has real advantage and real ability to underwrite,” said Affirm CEO Max Levchin. “These are not deeper approvals, but they are different approvals.”</p><p><blockquote>“Affirm 首席执行官马克斯-列夫钦（Max Levchin）说：”大多数商家都希望合作伙伴具有真正的优势和真正的承保能力。“这些不是更深层次的认可，但却是不同的认可”。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f0a5ab7e1c7d6de154b68c230f13b49\" tg-width=\"1050\" tg-height=\"700\" width=\"100%\" height=\"auto\"><span>Affirm facilitates new loans among other payment plans.</span></p><p><blockquote><p class=\"t-img-caption\"><span>Affirm 在其他付款计划中促进新贷款。</span></p></blockquote></p><p></p><p> Amazon&nbsp;and&nbsp;Walmart&nbsp;Inc.&nbsp;are both working with Affirm. Both have said they want their financial partners to extend credit to more of their customers.</p><p><blockquote>亚马逊和沃尔玛公司都在与Affirm合作。两家公司都表示，他们希望他们的金融合作伙伴向更多客户提供信贷。</blockquote></p><p> Amazon is reviewing proposals, as it weighs whether to replace its longtime card issuer, JPMorgan Chase &amp; Co. Amazon is looking for “commitments to underwrite competitively to widen the acquisition funnel,” the retailer said in a request for proposals reviewed by The Wall Street Journal.</p><p><blockquote>亚马逊正在审查提案，因为它正在权衡是否更换其长期发卡机构摩根大通公司。亚马逊正在寻求 “有竞争力的承保承诺，以拓宽收购渠道”，该零售商在接受《华尔街日报》审查的征求建议书中表示。</blockquote></p><p> A desire to boost loan approvals was among the reasons Walmart in 2018 decided to end its decadeslong credit-card partnership with&nbsp;Synchrony Financial.(Capital One Financial Corp. now issues Walmart-branded credit cards.) The retailer made Affirm loans available to most of its customers the following year.</p><p><blockquote>提高贷款审批的愿望是沃尔玛在 2018 年决定终止与 Synchrony Financial 长达数十年的信用卡合作伙伴关系的原因之一。（第一资本金融公司现在发行沃尔玛品牌的信用卡。）该零售商第二年向大多数客户提供了 Affirm 贷款。</blockquote></p><p> “Our goal is financial inclusion for all,” said Julia Unger, Walmart’s vice president of financial services.</p><p><blockquote>“沃尔玛金融服务副总裁朱莉娅-昂格尔（Julia Unger）说：”我们的目标是实现所有人的金融普惠。</blockquote></p><p> Some banks now offer installment options on their credit cards.Citigroup&nbsp;Inc.&nbsp;saw a sevenfold increase in the dollar amount of credit-card purchases converted to installment loans in July, compared with the same month a year prior, said Gonzalo Luchetti, head of Citigroup’s U.S. consumer bank.</p><p><blockquote>花旗集团美国消费者银行负责人冈萨洛-卢切蒂（Gonzalo Luchetti）表示，花旗集团（Citigroup Inc.）7 月份转换为分期贷款的信用卡消费金额比去年同期增长了七倍。</blockquote></p><p> Synchrony, the largest U.S. store-credit-card issuer, will launch a buy-now, pay-later plan in October. Capital One will test out its own offering later this year, CEO Richard Fairbank said at a conference Monday.</p><p><blockquote>美国最大的商店信用卡发行商 Synchrony 将于 10 月份推出先买后付计划。Capital One 首席执行官理查德·费尔班克 (Richard Fairbank) 在周一的一次会议上表示，Capital One 将在今年晚些时候测试自己的产品。</blockquote></p><p> Wells Fargo &amp; Co. and&nbsp;Bank of America&nbsp;Corp.&nbsp;are exploring adding installment plans on their credit cards, according to people familiar with the matter.Visa&nbsp;Inc.&nbsp;said it has been testing out ways for shoppers to check if they qualify for installment plans when they enter their card numbers at checkout.</p><p><blockquote>据知情人士透露，富国银行 (Wells Fargo &amp; Co.) 和美国银行 (Bank of America Corp.) 正在探索在信用卡上添加分期付款计划。 Visa Inc. 表示，它一直在测试购物者在结账时输入卡号时检查自己是否符合分期付款计划的方法。</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>Amazon Is Doing It. So Is Walmart. Why Retail Loves ‘Buy Now, Pay Later.’<blockquote>亚马逊正在做这件事。沃尔玛也是。为什么零售业喜欢 “先买后付”</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\">\nAmazon Is Doing It. So Is Walmart. Why Retail Loves ‘Buy Now, Pay Later.’<blockquote>亚马逊正在做这件事。沃尔玛也是。为什么零售业喜欢 “先买后付”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-09-16 22:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Retailers big and small are using installment plans to wring more sales out of shoppers who can’t get credit cards</p><p><blockquote>大大小小的零售商都在使用分期付款计划，从无法获得信用卡的购物者那里榨取更多销售额</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/108a4007d95b3e93e4d3fe6d678d8339\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\"><span>Shoppers spend more at Macy’s when they use installment plans offered through Klarna Bank, Macy’s CEO Jeff Gennette said on a recent earnings call.</span></p><p><blockquote><p class=\"t-img-caption\"><span>梅西百货首席执行官杰夫-根内特（Jeff Gennette）在最近的一次财报看涨期权上说，购物者在使用 Klarna 银行提供的分期付款计划时，在梅西百货的消费会更多。</span></p></blockquote></p><p> Alexis Luedtke got her first “buy now, pay later” plan in 2019 after she was rejected for a credit card. She has used at least five more since to buy face cream, T-shirts and birthday gifts.</p><p><blockquote>2019 年，Alexis Luedtke 在申请信用卡被拒后，获得了她的第一个 “先买后付 ”计划。从那以后，她至少又用了五个钱来买面霜、T恤和生日礼物。</blockquote></p><p> Installment plans are back&nbsp;in style.PayPal Holdings&nbsp;Inc.&nbsp;last week&nbsp;said it was buying Japanese installment payment startup&nbsp;Paidy Inc., following Square Inc.’s&nbsp;$29 billion deal&nbsp;for&nbsp;Afterpay&nbsp;Ltd.Macy’s&nbsp;Inc.&nbsp;and&nbsp;Bed Bath &amp; Beyond&nbsp;Inc.&nbsp;have added the option at checkout over the past year. Even&nbsp;Amazon.com&nbsp;Inc.&nbsp;is doing it.</p><p><blockquote>PayPal Holdings Inc. 继 Square Inc. 以 290 亿美元收购 Afterpay Ltd. 之后，PayPal Holdings Inc. 和 Bed Bath &amp; Beyond Inc.甚至亚马逊公司也在这么做。</blockquote></p><p> One reason: shoppers like Ms. Luedtke who don’t qualify for credit cards. Buy-now-pay-later companies say they rely less on—and in some cases bypass altogether—traditional credit scores and reports. Doing so allows them to approve more consumers. Shoppers gain the ability to buy things even without cash on hand—translating to higher sales for retailers.</p><p><blockquote>原因之一： 像 Luedtke 女士这样没有资格使用信用卡的购物者。先买后付的公司表示，他们较少依赖传统信用评分和报告，在某些情况下甚至完全绕过传统信用评分和报告。这样做可以让他们认可更多的消费者。即使手头没有现金，购物者也能购买商品，这意味着零售商的销售额会更高。</blockquote></p><p> Afterpay said it expects the company’s U.S. merchants will see an $8.2 billion increase in sales this year because of payment plans.Affirm Holdings&nbsp;Inc.&nbsp;last year said purchases made with its payment plans were 85% larger, on average.</p><p><blockquote>Affirm Holdings Inc. Affirm Holdings Inc. Affirm Holdings Inc.</blockquote></p><p> Shoppers spend more at Macy’s when they use installment plans offered through Klarna Bank AB, Macy’s CEO Jeff Gennette said on a recent earnings call. Klarna also is helping the retailer attract younger customers, he said.</p><p><blockquote>梅西百货首席执行官杰夫-根内特（Jeff Gennette）在最近的一次财报看涨期权上说，购物者在使用 Klarna Bank AB 提供的分期付款计划时，在梅西百货的消费会更多。他说，Klarna 还在帮助零售商吸引年轻顾客。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/40620bab35c446816da175fb2334c05e\" tg-width=\"435\" tg-height=\"562\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> “The value that most retailers see in buy now, pay later is customer acquisition,” said David Sykes, Klarna’s North America head.</p><p><blockquote>“Klarna 北美负责人 David Sykes 说：”大多数零售商在“先买后付”中看到的价值是客户获取。</blockquote></p><p> Ms. Luedtke, 26, has credit cards now but still prefers installment plans. Just last month, she used them to buy about $40 of Peter Thomas Roth skin-care products and $65 in clothing from Shein.</p><p><blockquote>26岁的Luedtke女士现在有信用卡，但仍然更喜欢分期付款计划。就在上个月，她用它们从Shein购买了价值约40美元的Peter Thomas Roth护肤品和65美元的衣服。</blockquote></p><p> “It definitely influences how much more I buy or would spend,” she said. “It’s easier to pay $200 over so many weeks compared to $200 right now.”</p><p><blockquote>“她说：”这肯定会影响我多买多少或多花多少钱。“与现在的 200 美元相比，在这么多周内支付 200 美元要容易得多”。</blockquote></p><p> Buy now, pay later is a new twist on an old idea. Big retailers have for decades offered installment plans for big-ticket items like washing machines. Today, these plans come in a variety of flavors. Afterpay offers payment plans that shoppers usually attach to their debit cards. Others, like Affirm, also facilitate new loans.</p><p><blockquote>先买后付是对旧观念的新改动。几十年来，大型零售商一直为洗衣机等大件商品提供分期付款计划。如今，这些计划有多种口味。Afterpay 提供购物者通常附在借记卡上的付款计划。其他公司，如 Affirm，也为新贷款提供便利。</blockquote></p><p> Interest rates and other terms vary by payment-plan provider. Affirm interest rates range from 0% to 30%, with some 43% of its transactions during its last fiscal year not charging interest at all. The company doesn’t charge late fees. Afterpay doesn’t charge interest but does collect late fees.</p><p><blockquote>利率和其他条款因付款计划提供商而异。Affirm 的利率范围为 0% 至 30%，上一财年约有 43% 的交易根本不收取利息。公司不收取滞纳金。Afterpay 不收取利息，但收取滞纳金。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/223a1da79b30869fc443b06f41a959eb\" tg-width=\"441\" tg-height=\"556\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Merchants take no credit risk with these plans, but the fees they incur can be higher than on credit-card purchases—often between 3% and 5% of the purchase price, according to people familiar with the matter.</p><p><blockquote>据知情人士透露，商家不承担这些计划的信用风险，但他们产生的费用可能高于信用卡购买，通常在购买价格的 3% 至 5% 之间。</blockquote></p><p> Buy-now-pay-later companies say they can approve more customers than banks, including people who have thin or no borrowing history. Some 53 million adults in the U.S. lack traditional credit scores, according to FICO score creator&nbsp;Fair Isaac&nbsp;Corp.Installment plans are safer, they say, because they are often smaller than credit-card spending limits and approved on a per-transaction basis.</p><p><blockquote>先买后付的公司表示，他们可以批准比银行更多的客户，包括借款记录很少或没有借款记录的人。据 FICO 评分创建者 Fair Isaac Corp. 称，美国约有 5300 万成年人缺乏传统信用评分。他们表示，分期付款计划更安全，因为它们通常小于信用卡消费限额，并且是按每笔交易批准的。</blockquote></p><p> Affirm said that it had a net charge-off rate of 1% in the quarter ended June 30, down from 2% a year earlier. Afterpay said it wrote off 0.6% of the total dollars it processed in payments during the company’s fiscal year ended June 30, up from 0.4% the year prior.</p><p><blockquote>Affirm 表示，截至 6 月 30 日的季度，其净冲销率为 1%，低于去年同期的 2%。Afterpay 表示，在截至 6 月 30 日的财年中，该公司注销了支付总额的 0.6%，高于上一年的 0.4%。</blockquote></p><p> Working with a web of retailers, buy-now-pay-later companies can create self-contained payment ecosystems. They factor payment behavior into future underwriting decisions. Customers who pay late or not at all risk losing the installment option at other participating retailers.</p><p><blockquote>通过与零售商网络合作，先买后付的公司可以创建独立的支付生态系统。他们将支付行为纳入未来的承保决策。延迟付款或根本不付款的客户可能会失去其他参与零售商的分期付款选项。</blockquote></p><p> “Most merchants want a partner who has real advantage and real ability to underwrite,” said Affirm CEO Max Levchin. “These are not deeper approvals, but they are different approvals.”</p><p><blockquote>“Affirm 首席执行官马克斯-列夫钦（Max Levchin）说：”大多数商家都希望合作伙伴具有真正的优势和真正的承保能力。“这些不是更深层次的认可，但却是不同的认可”。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f0a5ab7e1c7d6de154b68c230f13b49\" tg-width=\"1050\" tg-height=\"700\" width=\"100%\" height=\"auto\"><span>Affirm facilitates new loans among other payment plans.</span></p><p><blockquote><p class=\"t-img-caption\"><span>Affirm 在其他付款计划中促进新贷款。</span></p></blockquote></p><p></p><p> Amazon&nbsp;and&nbsp;Walmart&nbsp;Inc.&nbsp;are both working with Affirm. Both have said they want their financial partners to extend credit to more of their customers.</p><p><blockquote>亚马逊和沃尔玛公司都在与Affirm合作。两家公司都表示，他们希望他们的金融合作伙伴向更多客户提供信贷。</blockquote></p><p> Amazon is reviewing proposals, as it weighs whether to replace its longtime card issuer, JPMorgan Chase &amp; Co. Amazon is looking for “commitments to underwrite competitively to widen the acquisition funnel,” the retailer said in a request for proposals reviewed by The Wall Street Journal.</p><p><blockquote>亚马逊正在审查提案，因为它正在权衡是否更换其长期发卡机构摩根大通公司。亚马逊正在寻求 “有竞争力的承保承诺，以拓宽收购渠道”，该零售商在接受《华尔街日报》审查的征求建议书中表示。</blockquote></p><p> A desire to boost loan approvals was among the reasons Walmart in 2018 decided to end its decadeslong credit-card partnership with&nbsp;Synchrony Financial.(Capital One Financial Corp. now issues Walmart-branded credit cards.) The retailer made Affirm loans available to most of its customers the following year.</p><p><blockquote>提高贷款审批的愿望是沃尔玛在 2018 年决定终止与 Synchrony Financial 长达数十年的信用卡合作伙伴关系的原因之一。（第一资本金融公司现在发行沃尔玛品牌的信用卡。）该零售商第二年向大多数客户提供了 Affirm 贷款。</blockquote></p><p> “Our goal is financial inclusion for all,” said Julia Unger, Walmart’s vice president of financial services.</p><p><blockquote>“沃尔玛金融服务副总裁朱莉娅-昂格尔（Julia Unger）说：”我们的目标是实现所有人的金融普惠。</blockquote></p><p> Some banks now offer installment options on their credit cards.Citigroup&nbsp;Inc.&nbsp;saw a sevenfold increase in the dollar amount of credit-card purchases converted to installment loans in July, compared with the same month a year prior, said Gonzalo Luchetti, head of Citigroup’s U.S. consumer bank.</p><p><blockquote>花旗集团美国消费者银行负责人冈萨洛-卢切蒂（Gonzalo Luchetti）表示，花旗集团（Citigroup Inc.）7 月份转换为分期贷款的信用卡消费金额比去年同期增长了七倍。</blockquote></p><p> Synchrony, the largest U.S. store-credit-card issuer, will launch a buy-now, pay-later plan in October. Capital One will test out its own offering later this year, CEO Richard Fairbank said at a conference Monday.</p><p><blockquote>美国最大的商店信用卡发行商 Synchrony 将于 10 月份推出先买后付计划。Capital One 首席执行官理查德·费尔班克 (Richard Fairbank) 在周一的一次会议上表示，Capital One 将在今年晚些时候测试自己的产品。</blockquote></p><p> Wells Fargo &amp; Co. and&nbsp;Bank of America&nbsp;Corp.&nbsp;are exploring adding installment plans on their credit cards, according to people familiar with the matter.Visa&nbsp;Inc.&nbsp;said it has been testing out ways for shoppers to check if they qualify for installment plans when they enter their card numbers at checkout.</p><p><blockquote>据知情人士透露，富国银行 (Wells Fargo &amp; Co.) 和美国银行 (Bank of America Corp.) 正在探索在信用卡上添加分期付款计划。 Visa Inc. 表示，它一直在测试购物者在结账时输入卡号时检查自己是否符合分期付款计划的方法。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/amazon-is-doing-it-so-is-walmart-why-retail-loves-buy-now-pay-later-11631784601?mod=hp_lead_pos10\">The Wall Street Journal</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":{"AFRM":"Affirm Holdings, Inc.","PYPL":"PayPal","AMZN":"亚马逊","V":"Visa","WMT":"沃尔玛","M":"梅西百货"},"source_url":"https://www.wsj.com/articles/amazon-is-doing-it-so-is-walmart-why-retail-loves-buy-now-pay-later-11631784601?mod=hp_lead_pos10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168707929","content_text":"Retailers big and small are using installment plans to wring more sales out of shoppers who can’t get credit cards\nShoppers spend more at Macy’s when they use installment plans offered through Klarna Bank, Macy’s CEO Jeff Gennette said on a recent earnings call.\nAlexis Luedtke got her first “buy now, pay later” plan in 2019 after she was rejected for a credit card. She has used at least five more since to buy face cream, T-shirts and birthday gifts.\nInstallment plans are back in style.PayPal Holdings Inc. last week said it was buying Japanese installment payment startup Paidy Inc., following Square Inc.’s $29 billion deal for Afterpay Ltd.Macy’s Inc. and Bed Bath & Beyond Inc. have added the option at checkout over the past year. Even Amazon.com Inc. is doing it.\nOne reason: shoppers like Ms. Luedtke who don’t qualify for credit cards. Buy-now-pay-later companies say they rely less on—and in some cases bypass altogether—traditional credit scores and reports. Doing so allows them to approve more consumers. Shoppers gain the ability to buy things even without cash on hand—translating to higher sales for retailers.\nAfterpay said it expects the company’s U.S. merchants will see an $8.2 billion increase in sales this year because of payment plans.Affirm Holdings Inc. last year said purchases made with its payment plans were 85% larger, on average.\nShoppers spend more at Macy’s when they use installment plans offered through Klarna Bank AB, Macy’s CEO Jeff Gennette said on a recent earnings call. Klarna also is helping the retailer attract younger customers, he said.\n\n“The value that most retailers see in buy now, pay later is customer acquisition,” said David Sykes, Klarna’s North America head.\nMs. Luedtke, 26, has credit cards now but still prefers installment plans. Just last month, she used them to buy about $40 of Peter Thomas Roth skin-care products and $65 in clothing from Shein.\n“It definitely influences how much more I buy or would spend,” she said. “It’s easier to pay $200 over so many weeks compared to $200 right now.”\nBuy now, pay later is a new twist on an old idea. Big retailers have for decades offered installment plans for big-ticket items like washing machines. Today, these plans come in a variety of flavors. Afterpay offers payment plans that shoppers usually attach to their debit cards. Others, like Affirm, also facilitate new loans.\nInterest rates and other terms vary by payment-plan provider. Affirm interest rates range from 0% to 30%, with some 43% of its transactions during its last fiscal year not charging interest at all. The company doesn’t charge late fees. Afterpay doesn’t charge interest but does collect late fees.\n\nMerchants take no credit risk with these plans, but the fees they incur can be higher than on credit-card purchases—often between 3% and 5% of the purchase price, according to people familiar with the matter.\nBuy-now-pay-later companies say they can approve more customers than banks, including people who have thin or no borrowing history. Some 53 million adults in the U.S. lack traditional credit scores, according to FICO score creator Fair Isaac Corp.Installment plans are safer, they say, because they are often smaller than credit-card spending limits and approved on a per-transaction basis.\nAffirm said that it had a net charge-off rate of 1% in the quarter ended June 30, down from 2% a year earlier. Afterpay said it wrote off 0.6% of the total dollars it processed in payments during the company’s fiscal year ended June 30, up from 0.4% the year prior.\nWorking with a web of retailers, buy-now-pay-later companies can create self-contained payment ecosystems. They factor payment behavior into future underwriting decisions. Customers who pay late or not at all risk losing the installment option at other participating retailers.\n“Most merchants want a partner who has real advantage and real ability to underwrite,” said Affirm CEO Max Levchin. “These are not deeper approvals, but they are different approvals.”\nAffirm facilitates new loans among other payment plans.\nAmazon and Walmart Inc. are both working with Affirm. Both have said they want their financial partners to extend credit to more of their customers.\nAmazon is reviewing proposals, as it weighs whether to replace its longtime card issuer, JPMorgan Chase & Co. Amazon is looking for “commitments to underwrite competitively to widen the acquisition funnel,” the retailer said in a request for proposals reviewed by The Wall Street Journal.\nA desire to boost loan approvals was among the reasons Walmart in 2018 decided to end its decadeslong credit-card partnership with Synchrony Financial.(Capital One Financial Corp. now issues Walmart-branded credit cards.) The retailer made Affirm loans available to most of its customers the following year.\n“Our goal is financial inclusion for all,” said Julia Unger, Walmart’s vice president of financial services.\nSome banks now offer installment options on their credit cards.Citigroup Inc. saw a sevenfold increase in the dollar amount of credit-card purchases converted to installment loans in July, compared with the same month a year prior, said Gonzalo Luchetti, head of Citigroup’s U.S. consumer bank.\nSynchrony, the largest U.S. store-credit-card issuer, will launch a buy-now, pay-later plan in October. Capital One will test out its own offering later this year, CEO Richard Fairbank said at a conference Monday.\nWells Fargo & Co. and Bank of America Corp. are exploring adding installment plans on their credit cards, according to people familiar with the matter.Visa Inc. said it has been testing out ways for shoppers to check if they qualify for installment plans when they enter their card numbers at checkout.","news_type":1,"symbols_score_info":{"PYPL":0.9,"V":0.9,"WMT":0.9,"AMZN":0.9,"M":0.9,"AFRM":0.9,"SQ":0.9}},"isVote":1,"tweetType":1,"viewCount":1252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889154675,"gmtCreate":1631118074297,"gmtModify":1631889356823,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"title":"","htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/889154675","repostId":"1185415782","repostType":4,"repost":{"id":"1185415782","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":1631109899,"share":"https://www.laohunote.com/m/news/1185415782?lang=zh_CN&edition=full","pubTime":"2021-09-08 22:04","market":"us","language":"en","title":"Chinese EV stocks are down in early trading<blockquote>中国电动汽车股早盘下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1185415782","media":"Tiger Newspress","summary":"(Sept 8) Chinese EV stocks are down in early trading.  NIO, Xpeng fell over 5%, Li fell over 3%.","content":"<p>(Sept 8)&nbsp;Chinese&nbsp;EV stocks&nbsp;are&nbsp;down&nbsp;in&nbsp;early&nbsp;trading.&nbsp;&nbsp;NIO,&nbsp;Xpeng&nbsp;fell&nbsp;over&nbsp;5%,&nbsp;Li&nbsp;fell&nbsp;over&nbsp;3%.</p><p><blockquote>（9月8日）中国电动汽车股早盘下跌。蔚来、小鹏汽车跌幅超过5%，李汽车跌幅超过3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5c8522469d717c9ea7cfe197df22bf04\" tg-width=\"279\" tg-height=\"290\" width=\"100%\" height=\"auto\"></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>Chinese EV stocks are down in early trading<blockquote>中国电动汽车股早盘下跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese EV stocks are down in early trading<blockquote>中国电动汽车股早盘下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-09-08 22:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Sept 8)&nbsp;Chinese&nbsp;EV stocks&nbsp;are&nbsp;down&nbsp;in&nbsp;early&nbsp;trading.&nbsp;&nbsp;NIO,&nbsp;Xpeng&nbsp;fell&nbsp;over&nbsp;5%,&nbsp;Li&nbsp;fell&nbsp;over&nbsp;3%.</p><p><blockquote>（9月8日）中国电动汽车股早盘下跌。蔚来、小鹏汽车跌幅超过5%，李汽车跌幅超过3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5c8522469d717c9ea7cfe197df22bf04\" tg-width=\"279\" tg-height=\"290\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车","09868":"小鹏集团-W","XPEV":"小鹏集团","NIO":"蔚来","02015":"理想汽车-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185415782","content_text":"(Sept 8) Chinese EV stocks are down in early trading.  NIO, Xpeng fell over 5%, Li fell over 3%.","news_type":1,"symbols_score_info":{"XPEV":0.9,"09868":0.9,"02015":0.9,"LI":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":1289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817671000,"gmtCreate":1630961538800,"gmtModify":1631889356834,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/817671000","repostId":"1127035937","repostType":4,"repost":{"id":"1127035937","kind":"news","pubTimestamp":1630634731,"share":"https://www.laohunote.com/m/news/1127035937?lang=zh_CN&edition=full","pubTime":"2021-09-03 10:05","market":"us","language":"en","title":"Apple relaxes App Store rules for services such as Spotify and Netflix<blockquote>苹果放宽了 Spotify 和 Netflix 等服务的应用商店规则</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1127035937","media":"cnn","summary":"Hong Kong (CNN Business)Apple will allow companies such as Spotify (SPOT) and Netflix (NFLX) to dire","content":"<p>Hong Kong (CNN Business)Apple will allow companies such as Spotify (SPOT) and Netflix (NFLX) to direct customers to their own websites to make payments, allowing them to more easily avoid fees levied by the App Store.</p><p><blockquote>苹果将允许 Spotify (SPOT) 和 Netflix (NFLX) 等公司引导客户访问自己的网站进行付款，使他们能够更轻松地避免 App Store 收取的费用。</blockquote></p><p> The iPhone maker's latest concession in a long-standing fight with app developers was announced Wednesday in response to an investigation initiated by Japan's Fair Trade Commission.</p><p><blockquote>周三，这家iPhone制造商在与应用程序开发商的长期斗争中做出了最新让步，以回应日本公平贸易委员会发起的调查。</blockquote></p><p> The update — which will take effect in early 2022, and applies worldwide — will allow developers of what Apple (AAPL) calls \"reader\" apps to insert a link out to external websites and let people set up or manage their accounts there.</p><p><blockquote>该更新将于2022年初生效，并适用于全球，将允许苹果（AAPL）评级“阅读器”应用程序的开发者插入外部网站的链接，让人们在那里建立或管理他们的帐户。</blockquote></p><p> Such apps provide previously purchased content or subscriptions for magazines, newspapers, books, audio, music and video, according to Apple. Amazon Video and Kindle are also frequently cited as examples of reader apps.</p><p><blockquote>据苹果称，此类应用程序提供之前购买的内容或杂志、报纸、书籍、音频、音乐和视频订阅。亚马逊视频和Kindle也经常被引用为阅读器应用的例子。</blockquote></p><p> Spotify and Netflix once allowed users to pay for services in-app, but have since stopped that form of billing for new members amid a dispute with Apple over the hefty commission it charges. Downloading the Netflix app, for example, will allow you to sign in — but only if you have an existing account. The app otherwise tells you to \"join and come back\" once you have an account.</p><p><blockquote>Spotify 和 Netflix 曾经允许用户为应用内服务付费，但由于与苹果就其收取的高额佣金发生争执，此后停止了对新会员的这种形式的计费。例如，下载网飞应用程序将允许你登录——但前提是你有一个现有帐户。否则，一旦你有了账户，该应用程序会告诉你“加入并回来”。</blockquote></p><p> Spotify did not immediately respond to a request from CNN Business for comment about the change. Netflix declined to comment.</p><p><blockquote>Spotify 没有立即回应 CNN Business 就这一变化发表评论的请求。网飞拒绝置评。</blockquote></p><p> \"To ensure a safe and seamless user experience, the App Store's guidelines require developers to sell digital services and subscriptions using Apple's in-app payment system,\" Apple said, adding that it is allowing for the change \"because developers of reader apps do not offer in-app digital goods and services for purchase.\"</p><p><blockquote>苹果表示：“为了确保安全无缝的用户体验，App Store 的指导方针要求开发者使用苹果的应用内支付系统销售数字服务和订阅。”他补充说，它允许这一变化，“因为阅读器应用程序的开发者不提供应用内数字商品和服务供购买。”</blockquote></p><p> The update will make it easier for some developers to bypass hefty charges imposed by Apple. The company's commissions go as high as 30% on some purchases made through its platform. Developers have said they have little choice but to comply, since Apple does not allow customers to download apps from any source other than the company's official store.</p><p><blockquote>此次更新将使一些开发者更容易绕过苹果征收的高额费用。该公司通过其平台进行的某些购买的佣金高达30%。开发者表示，他们别无选择，只能遵守，因为苹果不允许客户从公司官方商店以外的任何来源下载应用程序。</blockquote></p><p> <b>'Divide and conquer'?</b></p><p><blockquote><b>“分而治之”？</b></blockquote></p><p> The issue is at the heart of an EU antitrust investigation and a lawsuit brought against Apple by Fortnite-maker Epic Games. A verdict in the Fortnite case is due any day now. Epic CEO Tim Sweeney tweeted late Wednesday that Apple's \"special deal\" for some media apps amounted to the latest in a \"day-by-day recalculation of divide and conquer in hopes of getting away with most of their tying practices.\"</p><p><blockquote>这个问题是欧盟反垄断调查和堡垒之夜制造商Epic Games对苹果提起诉讼的核心。堡垒之夜案件的判决随时都会做出。Epic 首席执行官蒂姆·斯威尼 (Tim Sweeney) 周三晚间在推特上表示，苹果对一些媒体应用程序的“特殊交易”相当于“日复一日地重新计算分而治之的最新举措，希望摆脱他们的大部分捆绑做法”。</blockquote></p><p> \"Apple should open up iOS on the basis of hardware, stores, payments and services each competing individually and on their merits,\" he wrote.</p><p><blockquote>他写道：“苹果应该在硬件、商店、支付和服务各自独立竞争并根据其优点进行竞争的基础上开放 iOS。”</blockquote></p><p> Apple's announcement comes about a week after the company said it would relax some restrictions on how iPhone app makers could communicate with customers outside its App Store.</p><p><blockquote>苹果宣布这一消息大约一周前，该公司表示将放宽对 iPhone 应用制造商如何在其应用商店之外与客户沟通的一些限制。</blockquote></p><p> The company said last week that \"developers can use communications, such as email, to share information about payment methods outside of their iOS app,\" as long as users consent to receiving those emails and have the right to opt out.</p><p><blockquote>该公司上周表示，“开发者可以使用电子邮件等通信方式在其iOS应用程序之外分享有关支付方式的信息”，只要用户同意接收这些电子邮件并有权选择退出。</blockquote></p><p> The announcement also comes after South Korea passed a law that will allow developers to select which payment systems to use to process in-app purchases. That means they may be able to bypass hefty charges imposed by Apple and Google (GOOGL).</p><p><blockquote>此前，韩国通过了一项法律，允许开发者选择使用哪些支付系统来处理应用内购买。这意味着他们可能能够绕过苹果和谷歌（GOOGL）施加的巨额指控。</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>Apple relaxes App Store rules for services such as Spotify and Netflix<blockquote>苹果放宽了 Spotify 和 Netflix 等服务的应用商店规则</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\">\nApple relaxes App Store rules for services such as Spotify and Netflix<blockquote>苹果放宽了 Spotify 和 Netflix 等服务的应用商店规则</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">cnn</strong><span class=\"h-time small\">2021-09-03 10:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Hong Kong (CNN Business)Apple will allow companies such as Spotify (SPOT) and Netflix (NFLX) to direct customers to their own websites to make payments, allowing them to more easily avoid fees levied by the App Store.</p><p><blockquote>苹果将允许 Spotify (SPOT) 和 Netflix (NFLX) 等公司引导客户访问自己的网站进行付款，使他们能够更轻松地避免 App Store 收取的费用。</blockquote></p><p> The iPhone maker's latest concession in a long-standing fight with app developers was announced Wednesday in response to an investigation initiated by Japan's Fair Trade Commission.</p><p><blockquote>周三，这家iPhone制造商在与应用程序开发商的长期斗争中做出了最新让步，以回应日本公平贸易委员会发起的调查。</blockquote></p><p> The update — which will take effect in early 2022, and applies worldwide — will allow developers of what Apple (AAPL) calls \"reader\" apps to insert a link out to external websites and let people set up or manage their accounts there.</p><p><blockquote>该更新将于2022年初生效，并适用于全球，将允许苹果（AAPL）评级“阅读器”应用程序的开发者插入外部网站的链接，让人们在那里建立或管理他们的帐户。</blockquote></p><p> Such apps provide previously purchased content or subscriptions for magazines, newspapers, books, audio, music and video, according to Apple. Amazon Video and Kindle are also frequently cited as examples of reader apps.</p><p><blockquote>据苹果称，此类应用程序提供之前购买的内容或杂志、报纸、书籍、音频、音乐和视频订阅。亚马逊视频和Kindle也经常被引用为阅读器应用的例子。</blockquote></p><p> Spotify and Netflix once allowed users to pay for services in-app, but have since stopped that form of billing for new members amid a dispute with Apple over the hefty commission it charges. Downloading the Netflix app, for example, will allow you to sign in — but only if you have an existing account. The app otherwise tells you to \"join and come back\" once you have an account.</p><p><blockquote>Spotify 和 Netflix 曾经允许用户为应用内服务付费，但由于与苹果就其收取的高额佣金发生争执，此后停止了对新会员的这种形式的计费。例如，下载网飞应用程序将允许你登录——但前提是你有一个现有帐户。否则，一旦你有了账户，该应用程序会告诉你“加入并回来”。</blockquote></p><p> Spotify did not immediately respond to a request from CNN Business for comment about the change. Netflix declined to comment.</p><p><blockquote>Spotify 没有立即回应 CNN Business 就这一变化发表评论的请求。网飞拒绝置评。</blockquote></p><p> \"To ensure a safe and seamless user experience, the App Store's guidelines require developers to sell digital services and subscriptions using Apple's in-app payment system,\" Apple said, adding that it is allowing for the change \"because developers of reader apps do not offer in-app digital goods and services for purchase.\"</p><p><blockquote>苹果表示：“为了确保安全无缝的用户体验，App Store 的指导方针要求开发者使用苹果的应用内支付系统销售数字服务和订阅。”他补充说，它允许这一变化，“因为阅读器应用程序的开发者不提供应用内数字商品和服务供购买。”</blockquote></p><p> The update will make it easier for some developers to bypass hefty charges imposed by Apple. The company's commissions go as high as 30% on some purchases made through its platform. Developers have said they have little choice but to comply, since Apple does not allow customers to download apps from any source other than the company's official store.</p><p><blockquote>此次更新将使一些开发者更容易绕过苹果征收的高额费用。该公司通过其平台进行的某些购买的佣金高达30%。开发者表示，他们别无选择，只能遵守，因为苹果不允许客户从公司官方商店以外的任何来源下载应用程序。</blockquote></p><p> <b>'Divide and conquer'?</b></p><p><blockquote><b>“分而治之”？</b></blockquote></p><p> The issue is at the heart of an EU antitrust investigation and a lawsuit brought against Apple by Fortnite-maker Epic Games. A verdict in the Fortnite case is due any day now. Epic CEO Tim Sweeney tweeted late Wednesday that Apple's \"special deal\" for some media apps amounted to the latest in a \"day-by-day recalculation of divide and conquer in hopes of getting away with most of their tying practices.\"</p><p><blockquote>这个问题是欧盟反垄断调查和堡垒之夜制造商Epic Games对苹果提起诉讼的核心。堡垒之夜案件的判决随时都会做出。Epic 首席执行官蒂姆·斯威尼 (Tim Sweeney) 周三晚间在推特上表示，苹果对一些媒体应用程序的“特殊交易”相当于“日复一日地重新计算分而治之的最新举措，希望摆脱他们的大部分捆绑做法”。</blockquote></p><p> \"Apple should open up iOS on the basis of hardware, stores, payments and services each competing individually and on their merits,\" he wrote.</p><p><blockquote>他写道：“苹果应该在硬件、商店、支付和服务各自独立竞争并根据其优点进行竞争的基础上开放 iOS。”</blockquote></p><p> Apple's announcement comes about a week after the company said it would relax some restrictions on how iPhone app makers could communicate with customers outside its App Store.</p><p><blockquote>苹果宣布这一消息大约一周前，该公司表示将放宽对 iPhone 应用制造商如何在其应用商店之外与客户沟通的一些限制。</blockquote></p><p> The company said last week that \"developers can use communications, such as email, to share information about payment methods outside of their iOS app,\" as long as users consent to receiving those emails and have the right to opt out.</p><p><blockquote>该公司上周表示，“开发者可以使用电子邮件等通信方式在其iOS应用程序之外分享有关支付方式的信息”，只要用户同意接收这些电子邮件并有权选择退出。</blockquote></p><p> The announcement also comes after South Korea passed a law that will allow developers to select which payment systems to use to process in-app purchases. That means they may be able to bypass hefty charges imposed by Apple and Google (GOOGL).</p><p><blockquote>此前，韩国通过了一项法律，允许开发者选择使用哪些支付系统来处理应用内购买。这意味着他们可能能够绕过苹果和谷歌（GOOGL）施加的巨额指控。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/09/02/tech/apple-app-store-changes-intl-hnk/index.html\">cnn</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":{"NFLX":"奈飞","SPOT":"Spotify Technology S.A.","AAPL":"苹果"},"source_url":"https://edition.cnn.com/2021/09/02/tech/apple-app-store-changes-intl-hnk/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127035937","content_text":"Hong Kong (CNN Business)Apple will allow companies such as Spotify (SPOT) and Netflix (NFLX) to direct customers to their own websites to make payments, allowing them to more easily avoid fees levied by the App Store.\nThe iPhone maker's latest concession in a long-standing fight with app developers was announced Wednesday in response to an investigation initiated by Japan's Fair Trade Commission.\nThe update — which will take effect in early 2022, and applies worldwide — will allow developers of what Apple (AAPL) calls \"reader\" apps to insert a link out to external websites and let people set up or manage their accounts there.\nSuch apps provide previously purchased content or subscriptions for magazines, newspapers, books, audio, music and video, according to Apple. Amazon Video and Kindle are also frequently cited as examples of reader apps.\nSpotify and Netflix once allowed users to pay for services in-app, but have since stopped that form of billing for new members amid a dispute with Apple over the hefty commission it charges. Downloading the Netflix app, for example, will allow you to sign in — but only if you have an existing account. The app otherwise tells you to \"join and come back\" once you have an account.\nSpotify did not immediately respond to a request from CNN Business for comment about the change. Netflix declined to comment.\n\"To ensure a safe and seamless user experience, the App Store's guidelines require developers to sell digital services and subscriptions using Apple's in-app payment system,\" Apple said, adding that it is allowing for the change \"because developers of reader apps do not offer in-app digital goods and services for purchase.\"\nThe update will make it easier for some developers to bypass hefty charges imposed by Apple. The company's commissions go as high as 30% on some purchases made through its platform. Developers have said they have little choice but to comply, since Apple does not allow customers to download apps from any source other than the company's official store.\n'Divide and conquer'?\nThe issue is at the heart of an EU antitrust investigation and a lawsuit brought against Apple by Fortnite-maker Epic Games. A verdict in the Fortnite case is due any day now. Epic CEO Tim Sweeney tweeted late Wednesday that Apple's \"special deal\" for some media apps amounted to the latest in a \"day-by-day recalculation of divide and conquer in hopes of getting away with most of their tying practices.\"\n\"Apple should open up iOS on the basis of hardware, stores, payments and services each competing individually and on their merits,\" he wrote.\nApple's announcement comes about a week after the company said it would relax some restrictions on how iPhone app makers could communicate with customers outside its App Store.\nThe company said last week that \"developers can use communications, such as email, to share information about payment methods outside of their iOS app,\" as long as users consent to receiving those emails and have the right to opt out.\nThe announcement also comes after South Korea passed a law that will allow developers to select which payment systems to use to process in-app purchases. That means they may be able to bypass hefty charges imposed by Apple and Google (GOOGL).","news_type":1,"symbols_score_info":{"SPOT":0.9,"NFLX":0.9,"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":888,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817673715,"gmtCreate":1630961499137,"gmtModify":1631889356844,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/817673715","repostId":"1149410892","repostType":4,"repost":{"id":"1149410892","kind":"news","pubTimestamp":1630932652,"share":"https://www.laohunote.com/m/news/1149410892?lang=zh_CN&edition=full","pubTime":"2021-09-06 20:50","market":"us","language":"en","title":"Tesla Reportedly Targeting $25,000 \"Model 2\" With No Steering Wheel By 2023<blockquote>据报道，特斯拉的目标是到 2023 年推出 25,000 美元的无方向盘“Model 2”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1149410892","media":"zerohedge","summary":"Apparently having not lied enough over the last few weeks with the revelation of the \"Tesla humanoid","content":"<p>Apparently having not lied enough over the last few weeks with the revelation of the \"Tesla humanoid robot\", Elon Musk may be seeking to one-up himself by reportedly telling his employees that Tesla is going to release a $25,000 car in 2023.</p><p><blockquote>显然，在过去几周里，埃隆·马斯克在“特斯拉人形机器人”的曝光上撒的谎还不够，据报道，埃隆·马斯克可能会试图超越自己，告诉他的员工特斯拉将在 2023 年发布一辆价值 25,000 美元的汽车。</blockquote></p><p> Landing hours aftera reportthat Apple was seeking to have a mass market vehicle in production by 2024,&nbsp;<i>electrek</i>reportedthat Tesla is aiming to release the proposed $25,000 vehicle<i>without a steering wheel.</i></p><p><blockquote>有报道称苹果正在寻求在 2024 年之前生产一款大众市场汽车，<i>电动</i>据报道，特斯拉的目标是发布拟议中的 25,000 美元车辆<i>没有方向盘。</i></blockquote></p><p> Musk first announced the idea of a $25,000 vehicle at Tesla's battery day last year,<i>electrek</i>notes<i>.</i>Musk is hoping to be able to hit the $25,000 price point by leveraging a new battery cell and manufacturing process, which eventually could reduce the costs associated with a battery by over 50%.</p><p><blockquote>马斯克去年在特斯拉电池日首次宣布了一款售价 25,000 美元的汽车的想法，<i>电动</i>附注<i>.</i>马斯克希望能够通过利用新的电池和制造工艺达到 25,000 美元的价格点，最终可以将电池相关成本降低 50% 以上。</blockquote></p><p> There has been little in the way of updates as to how that battery effort is moving along since then.</p><p><blockquote>自那以后，关于电池工作的进展情况，几乎没有更新。</blockquote></p><p> Musk is also hoping the new vehicle, which has been unofficially dubbed the \"Model 2\", will be fully autonomous.&nbsp;“Do we want to have this car come with a steering wheel and pedals?” Musk reportedly asked his employees, suggesting the vehicle may not need them.</p><p><blockquote>马斯克还希望这款被非正式命名为 “Model 2”的新车能够完全自动驾驶。“我们希望这辆车配备方向盘和踏板吗？”据报道，马斯克询问了他的员工，暗示车辆可能不需要他们。</blockquote></p><p> Renderings show it as a compact style hatchback.</p><p><blockquote>效果图显示它是一款紧凑型掀背车。</blockquote></p><p> Last year, Tesla disclosed plans to establish a research and development center in China to help build a \"Chinese style\" electric vehicle, which may wind up being similar, or the same, as the proposed \"Model 2\".</p><p><blockquote>去年，特斯拉披露了在中国建立研发中心的计划，以帮助打造一款“中国式”电动汽车，最终可能与拟议中的“Model 2”相似或相同。</blockquote></p><p> Sources told&nbsp;<i>electrek</i>production could start as soon as 2023. We'll take the \"over\" on that timeline, as usual, when it comes to matters of Musk's promises. The report concluded by stating that the company's progress on Full Self Driving will dictate whether or not the Model 2 will be autonomous. With that being the case, not only do we think proposed goals about the timeline are likely misguided, but we're not holding out hope for autonomy, either.</p><p><blockquote>消息人士称<i>电动</i>最早可能于 2023 年开始生产。当谈到马斯克的承诺时，我们将像往常一样在这个时间表上“结束”。该报告最后指出，该公司在全自动驾驶方面的进展将决定 Model 2 是否会自动驾驶。在这种情况下，我们不仅认为关于时间表的拟议目标可能被误导，而且我们也没有对自主权抱有希望。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Reportedly Targeting $25,000 \"Model 2\" With No Steering Wheel By 2023<blockquote>据报道，特斯拉的目标是到 2023 年推出 25,000 美元的无方向盘“Model 2”</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Reportedly Targeting $25,000 \"Model 2\" With No Steering Wheel By 2023<blockquote>据报道，特斯拉的目标是到 2023 年推出 25,000 美元的无方向盘“Model 2”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-09-06 20:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apparently having not lied enough over the last few weeks with the revelation of the \"Tesla humanoid robot\", Elon Musk may be seeking to one-up himself by reportedly telling his employees that Tesla is going to release a $25,000 car in 2023.</p><p><blockquote>显然，在过去几周里，埃隆·马斯克在“特斯拉人形机器人”的曝光上撒的谎还不够，据报道，埃隆·马斯克可能会试图超越自己，告诉他的员工特斯拉将在 2023 年发布一辆价值 25,000 美元的汽车。</blockquote></p><p> Landing hours aftera reportthat Apple was seeking to have a mass market vehicle in production by 2024,&nbsp;<i>electrek</i>reportedthat Tesla is aiming to release the proposed $25,000 vehicle<i>without a steering wheel.</i></p><p><blockquote>有报道称苹果正在寻求在 2024 年之前生产一款大众市场汽车，<i>电动</i>据报道，特斯拉的目标是发布拟议中的 25,000 美元车辆<i>没有方向盘。</i></blockquote></p><p> Musk first announced the idea of a $25,000 vehicle at Tesla's battery day last year,<i>electrek</i>notes<i>.</i>Musk is hoping to be able to hit the $25,000 price point by leveraging a new battery cell and manufacturing process, which eventually could reduce the costs associated with a battery by over 50%.</p><p><blockquote>马斯克去年在特斯拉电池日首次宣布了一款售价 25,000 美元的汽车的想法，<i>电动</i>附注<i>.</i>马斯克希望能够通过利用新的电池和制造工艺达到 25,000 美元的价格点，最终可以将电池相关成本降低 50% 以上。</blockquote></p><p> There has been little in the way of updates as to how that battery effort is moving along since then.</p><p><blockquote>自那以后，关于电池工作的进展情况，几乎没有更新。</blockquote></p><p> Musk is also hoping the new vehicle, which has been unofficially dubbed the \"Model 2\", will be fully autonomous.&nbsp;“Do we want to have this car come with a steering wheel and pedals?” Musk reportedly asked his employees, suggesting the vehicle may not need them.</p><p><blockquote>马斯克还希望这款被非正式命名为 “Model 2”的新车能够完全自动驾驶。“我们希望这辆车配备方向盘和踏板吗？”据报道，马斯克询问了他的员工，暗示车辆可能不需要他们。</blockquote></p><p> Renderings show it as a compact style hatchback.</p><p><blockquote>效果图显示它是一款紧凑型掀背车。</blockquote></p><p> Last year, Tesla disclosed plans to establish a research and development center in China to help build a \"Chinese style\" electric vehicle, which may wind up being similar, or the same, as the proposed \"Model 2\".</p><p><blockquote>去年，特斯拉披露了在中国建立研发中心的计划，以帮助打造一款“中国式”电动汽车，最终可能与拟议中的“Model 2”相似或相同。</blockquote></p><p> Sources told&nbsp;<i>electrek</i>production could start as soon as 2023. We'll take the \"over\" on that timeline, as usual, when it comes to matters of Musk's promises. The report concluded by stating that the company's progress on Full Self Driving will dictate whether or not the Model 2 will be autonomous. With that being the case, not only do we think proposed goals about the timeline are likely misguided, but we're not holding out hope for autonomy, either.</p><p><blockquote>消息人士称<i>电动</i>最早可能于 2023 年开始生产。当谈到马斯克的承诺时，我们将像往常一样在这个时间表上“结束”。该报告最后指出，该公司在全自动驾驶方面的进展将决定 Model 2 是否会自动驾驶。在这种情况下，我们不仅认为关于时间表的拟议目标可能被误导，而且我们也没有对自主权抱有希望。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/tesla-reportedly-targeting-25000-model-2-no-steering-wheel-2023\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/tesla-reportedly-targeting-25000-model-2-no-steering-wheel-2023","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149410892","content_text":"Apparently having not lied enough over the last few weeks with the revelation of the \"Tesla humanoid robot\", Elon Musk may be seeking to one-up himself by reportedly telling his employees that Tesla is going to release a $25,000 car in 2023.\nLanding hours aftera reportthat Apple was seeking to have a mass market vehicle in production by 2024, electrekreportedthat Tesla is aiming to release the proposed $25,000 vehiclewithout a steering wheel.\nMusk first announced the idea of a $25,000 vehicle at Tesla's battery day last year,electreknotes.Musk is hoping to be able to hit the $25,000 price point by leveraging a new battery cell and manufacturing process, which eventually could reduce the costs associated with a battery by over 50%.\nThere has been little in the way of updates as to how that battery effort is moving along since then.\nMusk is also hoping the new vehicle, which has been unofficially dubbed the \"Model 2\", will be fully autonomous. “Do we want to have this car come with a steering wheel and pedals?” Musk reportedly asked his employees, suggesting the vehicle may not need them.\nRenderings show it as a compact style hatchback.\nLast year, Tesla disclosed plans to establish a research and development center in China to help build a \"Chinese style\" electric vehicle, which may wind up being similar, or the same, as the proposed \"Model 2\".\nSources told electrekproduction could start as soon as 2023. We'll take the \"over\" on that timeline, as usual, when it comes to matters of Musk's promises. The report concluded by stating that the company's progress on Full Self Driving will dictate whether or not the Model 2 will be autonomous. With that being the case, not only do we think proposed goals about the timeline are likely misguided, but we're not holding out hope for autonomy, either.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1074,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817673428,"gmtCreate":1630961456464,"gmtModify":1631889356855,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/817673428","repostId":"1129901566","repostType":4,"repost":{"id":"1129901566","kind":"news","pubTimestamp":1630928021,"share":"https://www.laohunote.com/m/news/1129901566?lang=zh_CN&edition=full","pubTime":"2021-09-06 19:33","market":"us","language":"en","title":"Central Bankers Are Right: This Is Not Your Father’s Inflation<blockquote>央行行长们是对的： 这不是你父亲的通货膨胀</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129901566","media":"Barron's","summary":"Central bankers keep shrugging off the current spike in inflation as a temporary phenomenon, and the","content":"<p>Central bankers keep shrugging off the current spike in inflation as a temporary phenomenon, and they have some good reasons to do so. </p><p><blockquote>央行行长们一直对当前通胀飙升视为暂时现象不屑一顾，他们这样做有一些充分的理由。</blockquote></p><p> A weak jobs report in the U.S. last week has cooled off talks about tapering — the phasing out of the Federal Reserve’s bond buying program. </p><p><blockquote>上周美国疲软的就业报告让有关缩减规模--美联储逐步退出债券购买计划--的讨论降温。</blockquote></p><p> And even if inflation in the eurozone has now reached a decade-high annual 3%, the European Central Bank will continue its pandemic-specific program until its scheduled end in March next year. And beyond that, it will keep buying bonds under the regular asset-purchase program it launched in 2014 to help it meet its inflation target.</p><p><blockquote>即使欧元区通胀率现已达到十年来最高的3%，欧洲央行仍将继续其针对大流行的计划，直至明年3月结束。除此之外，它将继续根据2014年启动的定期资产购买计划购买债券，以帮助其实现通胀目标。</blockquote></p><p> The debate about tapering has never been about whether or not it will happen — it will, and it should, since central banks must shrink their massive balance sheets if they want to be able to meet future major crises with the type of efficiency they demonstrated when faced with the coronavirus pandemic. The immediate question is rather whether or not they should speed up the phasing out of quantitative easing because of the supposed return of inflation.</p><p><blockquote>关于缩减规模的争论从来都不是关于它是否会发生——它会发生，而且应该发生，因为央行如果想能够以面对冠状病毒大流行时表现出的效率来应对未来的重大危机，就必须缩减其庞大的资产负债表。眼前的问题是，他们是否应该加快逐步退出量化宽松，因为通胀假定会卷土重来。</blockquote></p><p> A string of surveys of business managers released last week showed that inflation isn’t only due to oil prices catching up after historic lows last year, or some goods becoming more expensive because consumers are finally spending the money they were forced to save during the many lockdowns of the past 18 months.</p><p><blockquote>上周公布的一系列针对企业管理者的调查显示，通货膨胀的原因不仅仅是油价在去年的历史低点后回升，也不仅仅是一些商品变得更加昂贵，因为消费者终于花掉了他们在过去 18 个月多次封锁期间被迫攒下的钱。</blockquote></p><p> Cost inflation is now putting pressure on businesses, and they in turn have to choose whether they pass it on to their customers, or compress their margins by putting a priority on preserving market shares.</p><p><blockquote>成本通胀现在给企业带来了压力，反过来，他们必须选择是将成本转嫁给客户，还是通过优先考虑保持市场份额来压缩利润。</blockquote></p><p> A slow spread of inflation throughout the economy could then contribute to make it more pervasive, and push price expectations for the future even higher among both businesses and consumers, who might in turn seek higher wages.</p><p><blockquote>通货膨胀在整个经济中的缓慢蔓延可能会使其更加普遍，并推高企业和消费者对未来的价格预期，反过来他们可能会寻求更高的工资。</blockquote></p><p> But is that a credible threat? Catherine Mann, the former Citibank chief economist who is now a member of the Bank of England’s Monetary Policy Committee, cautioned Monday that we should not look at the current inflation through the eyes of the traumatized generation that endured the double-digit inflation of the 1970s.</p><p><blockquote>但这是一个可信的威胁吗？花旗银行前首席经济学家、现任英格兰银行货币政策委员会成员凯瑟琳-曼（Catherine Mann）周一警告说，我们不应该从经历了 20 世纪 70 年代两位数通胀的创伤一代人的角度来看待当前的通货膨胀。</blockquote></p><p> Today is different, Mann explained, in part because wages and prices were more closely indexed to each other back then, and because labor markets and wages were more tightly interrelated.</p><p><blockquote>曼恩解释说，今天的情况有所不同，部分原因是当时工资和物价之间的联系更加紧密，而且劳动力市场和工资之间的联系更加紧密。</blockquote></p><p> Furthermore, she added, companies today are more reluctant to pass on cost inflation to their customers and clients.</p><p><blockquote>此外，她补充说，如今的公司更不愿意将成本通胀转嫁给客户。</blockquote></p><p> But how long will businesses hold? Europe and the U.S. may diverge here. According to IHS Markit ‘s most recent Purchasing Managers Index, the pace of inflation cost is at a record high in U.S. manufacturing, and “favorable demand conditions allowed finished goods prices to also rise at an unprecedented rate, as firms sought to protect their margins,” noted IHS chief economist Siân Jones last week. In the eurozone, on the other hand, IHS Markit noted “a slight cooling of input cost inflation.”</p><p><blockquote>但是企业能坚持多久呢？欧洲和美国在这方面可能存在分歧。根据 IHS Markit 最新的采购经理人指数，美国制造业的通胀成本速度创历史新高，IHS 首席经济学家 Siân Jones 上周指出，“有利的需求条件使得制成品价格也以前所未有的速度上涨，因为企业都在寻求保护利润”。另一方面，在欧元区，IHS Markit 指出 “投入成本通胀略有降温”。</blockquote></p><p> To “promote effectively the goal of maximum employment” is the first aim assigned to the Fed under its mandate from Congress, whereas the ECB’s sole remit is to achieve stable prices — which it has defined as an annual inflation of 2%. Both can find good reasons in the latest numbers or surveys to continue their bond purchases for now.</p><p><blockquote>“有效促进最大限度就业的目标 ”是美联储在国会授权下的首要目标，而欧洲央行的唯一职责是实现物价稳定--欧洲央行将其定义为年通胀率为 2%。双方都可以在最新的数据或调查中找到暂时继续购买债券的充分理由。</blockquote></p><p></p>","source":"lsy1610680873436","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>Central Bankers Are Right: This Is Not Your Father’s Inflation<blockquote>央行行长们是对的： 这不是你父亲的通货膨胀</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCentral Bankers Are Right: This Is Not Your Father’s Inflation<blockquote>央行行长们是对的： 这不是你父亲的通货膨胀</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-09-06 19:33</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Central bankers keep shrugging off the current spike in inflation as a temporary phenomenon, and they have some good reasons to do so. </p><p><blockquote>央行行长们一直对当前通胀飙升视为暂时现象不屑一顾，他们这样做有一些充分的理由。</blockquote></p><p> A weak jobs report in the U.S. last week has cooled off talks about tapering — the phasing out of the Federal Reserve’s bond buying program. </p><p><blockquote>上周美国疲软的就业报告让有关缩减规模--美联储逐步退出债券购买计划--的讨论降温。</blockquote></p><p> And even if inflation in the eurozone has now reached a decade-high annual 3%, the European Central Bank will continue its pandemic-specific program until its scheduled end in March next year. And beyond that, it will keep buying bonds under the regular asset-purchase program it launched in 2014 to help it meet its inflation target.</p><p><blockquote>即使欧元区通胀率现已达到十年来最高的3%，欧洲央行仍将继续其针对大流行的计划，直至明年3月结束。除此之外，它将继续根据2014年启动的定期资产购买计划购买债券，以帮助其实现通胀目标。</blockquote></p><p> The debate about tapering has never been about whether or not it will happen — it will, and it should, since central banks must shrink their massive balance sheets if they want to be able to meet future major crises with the type of efficiency they demonstrated when faced with the coronavirus pandemic. The immediate question is rather whether or not they should speed up the phasing out of quantitative easing because of the supposed return of inflation.</p><p><blockquote>关于缩减规模的争论从来都不是关于它是否会发生——它会发生，而且应该发生，因为央行如果想能够以面对冠状病毒大流行时表现出的效率来应对未来的重大危机，就必须缩减其庞大的资产负债表。眼前的问题是，他们是否应该加快逐步退出量化宽松，因为通胀假定会卷土重来。</blockquote></p><p> A string of surveys of business managers released last week showed that inflation isn’t only due to oil prices catching up after historic lows last year, or some goods becoming more expensive because consumers are finally spending the money they were forced to save during the many lockdowns of the past 18 months.</p><p><blockquote>上周公布的一系列针对企业管理者的调查显示，通货膨胀的原因不仅仅是油价在去年的历史低点后回升，也不仅仅是一些商品变得更加昂贵，因为消费者终于花掉了他们在过去 18 个月多次封锁期间被迫攒下的钱。</blockquote></p><p> Cost inflation is now putting pressure on businesses, and they in turn have to choose whether they pass it on to their customers, or compress their margins by putting a priority on preserving market shares.</p><p><blockquote>成本通胀现在给企业带来了压力，反过来，他们必须选择是将成本转嫁给客户，还是通过优先考虑保持市场份额来压缩利润。</blockquote></p><p> A slow spread of inflation throughout the economy could then contribute to make it more pervasive, and push price expectations for the future even higher among both businesses and consumers, who might in turn seek higher wages.</p><p><blockquote>通货膨胀在整个经济中的缓慢蔓延可能会使其更加普遍，并推高企业和消费者对未来的价格预期，反过来他们可能会寻求更高的工资。</blockquote></p><p> But is that a credible threat? Catherine Mann, the former Citibank chief economist who is now a member of the Bank of England’s Monetary Policy Committee, cautioned Monday that we should not look at the current inflation through the eyes of the traumatized generation that endured the double-digit inflation of the 1970s.</p><p><blockquote>但这是一个可信的威胁吗？花旗银行前首席经济学家、现任英格兰银行货币政策委员会成员凯瑟琳-曼（Catherine Mann）周一警告说，我们不应该从经历了 20 世纪 70 年代两位数通胀的创伤一代人的角度来看待当前的通货膨胀。</blockquote></p><p> Today is different, Mann explained, in part because wages and prices were more closely indexed to each other back then, and because labor markets and wages were more tightly interrelated.</p><p><blockquote>曼恩解释说，今天的情况有所不同，部分原因是当时工资和物价之间的联系更加紧密，而且劳动力市场和工资之间的联系更加紧密。</blockquote></p><p> Furthermore, she added, companies today are more reluctant to pass on cost inflation to their customers and clients.</p><p><blockquote>此外，她补充说，如今的公司更不愿意将成本通胀转嫁给客户。</blockquote></p><p> But how long will businesses hold? Europe and the U.S. may diverge here. According to IHS Markit ‘s most recent Purchasing Managers Index, the pace of inflation cost is at a record high in U.S. manufacturing, and “favorable demand conditions allowed finished goods prices to also rise at an unprecedented rate, as firms sought to protect their margins,” noted IHS chief economist Siân Jones last week. In the eurozone, on the other hand, IHS Markit noted “a slight cooling of input cost inflation.”</p><p><blockquote>但是企业能坚持多久呢？欧洲和美国在这方面可能存在分歧。根据 IHS Markit 最新的采购经理人指数，美国制造业的通胀成本速度创历史新高，IHS 首席经济学家 Siân Jones 上周指出，“有利的需求条件使得制成品价格也以前所未有的速度上涨，因为企业都在寻求保护利润”。另一方面，在欧元区，IHS Markit 指出 “投入成本通胀略有降温”。</blockquote></p><p> To “promote effectively the goal of maximum employment” is the first aim assigned to the Fed under its mandate from Congress, whereas the ECB’s sole remit is to achieve stable prices — which it has defined as an annual inflation of 2%. Both can find good reasons in the latest numbers or surveys to continue their bond purchases for now.</p><p><blockquote>“有效促进最大限度就业的目标 ”是美联储在国会授权下的首要目标，而欧洲央行的唯一职责是实现物价稳定--欧洲央行将其定义为年通胀率为 2%。双方都可以在最新的数据或调查中找到暂时继续购买债券的充分理由。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/central-bankers-are-right-this-is-not-your-fathers-inflation-51630926432?siteid=yhoof2\">Barron's</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",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"source_url":"https://www.barrons.com/articles/central-bankers-are-right-this-is-not-your-fathers-inflation-51630926432?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129901566","content_text":"Central bankers keep shrugging off the current spike in inflation as a temporary phenomenon, and they have some good reasons to do so. \nA weak jobs report in the U.S. last week has cooled off talks about tapering — the phasing out of the Federal Reserve’s bond buying program. \nAnd even if inflation in the eurozone has now reached a decade-high annual 3%, the European Central Bank will continue its pandemic-specific program until its scheduled end in March next year. And beyond that, it will keep buying bonds under the regular asset-purchase program it launched in 2014 to help it meet its inflation target.\nThe debate about tapering has never been about whether or not it will happen — it will, and it should, since central banks must shrink their massive balance sheets if they want to be able to meet future major crises with the type of efficiency they demonstrated when faced with the coronavirus pandemic. The immediate question is rather whether or not they should speed up the phasing out of quantitative easing because of the supposed return of inflation.\nA string of surveys of business managers released last week showed that inflation isn’t only due to oil prices catching up after historic lows last year, or some goods becoming more expensive because consumers are finally spending the money they were forced to save during the many lockdowns of the past 18 months.\nCost inflation is now putting pressure on businesses, and they in turn have to choose whether they pass it on to their customers, or compress their margins by putting a priority on preserving market shares.\nA slow spread of inflation throughout the economy could then contribute to make it more pervasive, and push price expectations for the future even higher among both businesses and consumers, who might in turn seek higher wages.\nBut is that a credible threat? Catherine Mann, the former Citibank chief economist who is now a member of the Bank of England’s Monetary Policy Committee, cautioned Monday that we should not look at the current inflation through the eyes of the traumatized generation that endured the double-digit inflation of the 1970s.\nToday is different, Mann explained, in part because wages and prices were more closely indexed to each other back then, and because labor markets and wages were more tightly interrelated.\nFurthermore, she added, companies today are more reluctant to pass on cost inflation to their customers and clients.\nBut how long will businesses hold? Europe and the U.S. may diverge here. According to IHS Markit ‘s most recent Purchasing Managers Index, the pace of inflation cost is at a record high in U.S. manufacturing, and “favorable demand conditions allowed finished goods prices to also rise at an unprecedented rate, as firms sought to protect their margins,” noted IHS chief economist Siân Jones last week. In the eurozone, on the other hand, IHS Markit noted “a slight cooling of input cost inflation.”\nTo “promote effectively the goal of maximum employment” is the first aim assigned to the Fed under its mandate from Congress, whereas the ECB’s sole remit is to achieve stable prices — which it has defined as an annual inflation of 2%. Both can find good reasons in the latest numbers or surveys to continue their bond purchases for now.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":972,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819925190,"gmtCreate":1630028902110,"gmtModify":1704954832973,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/819925190","repostId":"2162113720","repostType":4,"isVote":1,"tweetType":1,"viewCount":1180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819922276,"gmtCreate":1630028860495,"gmtModify":1704954831936,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/819922276","repostId":"2162601358","repostType":4,"isVote":1,"tweetType":1,"viewCount":1044,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890709045,"gmtCreate":1628131289487,"gmtModify":1631889356892,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/890709045","repostId":"1105353628","repostType":4,"repost":{"id":"1105353628","kind":"news","pubTimestamp":1628127525,"share":"https://www.laohunote.com/m/news/1105353628?lang=zh_CN&edition=full","pubTime":"2021-08-05 09:38","market":"us","language":"en","title":"Why Moderna Stock Surged to a New All-Time High Today<blockquote>为什么 Moderna 股价今天飙升至历史新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105353628","media":"The Motley Fool","summary":"Mounting COVID-19 case counts could drive more people to get vaccinated.\nWhat happened\nShares of Mod","content":"<p><i>Mounting COVID-19 case counts could drive more people to get vaccinated.</i></p><p><blockquote><i>不断增加的新冠肺炎病例数可能会促使更多的人接种疫苗。</i></blockquote></p><p> <h3><b>What happened</b></h3> Shares of&nbsp;<a href=\"https://laohu8.com/S/MRNA\">Moderna, Inc.</a> jumped 8.4% to a record closing high of $419.05 on Wednesday, as investors bid up the&nbsp;biotech's stock price ahead of its upcoming earnings announcement.</p><p><blockquote><h3><b>发生了什么事</b></h3>股份<a href=\"https://laohu8.com/S/MRNA\">现代公司。</a>周三上涨 8.4%，至 419.05 美元的历史收盘高点，投资者在该生物技术公司即将发布财报之前推高了该公司的股价。</blockquote></p><p> <h3><b>So what</b></h3> Moderna said on Tuesday that the U.S. Food and Drug Administration (FDA) granted Fast Track designation for its mRNA vaccine candidate against respiratory syncytial virus (RSV) in adults older than 60. RSV is a common respiratory virus that leads to roughly 177,000 hospitalizations and 14,000 deaths among adults 65 years and older each year, according to the U.S. Centers for Disease Control and Prevention.</p><p><blockquote><h3><b>那又怎样</b></h3>Moderna周二表示，美国。美国食品药品监督管理局（FDA）授予其针对60岁以上成人呼吸道合胞病毒（RSV）的mRNA候选疫苗快速通道认证。根据美国疾病控制和预防中心的数据，RSV 是一种常见的呼吸道病毒，每年导致约 177,000 名 65 岁及以上成年人住院，14,000 人死亡。</blockquote></p><p> The Fast Track designation will accelerate the FDA's review of Moderna's drug. If the vaccine proves both safe and effective, Moderna could add a new revenue stream sooner than many investors expected.</p><p><blockquote>快速通道指定将加速 FDA 对 Moderna 药物的审查。如果疫苗被证明既安全又有效，Moderna 可能会比许多投资者预期的更快地增加新的收入来源。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0b073ade8c6474ded744f2354f61f137\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">IMAGE SOURCE: GETTY IMAGES.</p><p><blockquote>图片来源：盖蒂图片社。</blockquote></p><p> Meanwhile, surging COVID-19 case counts, driven by the spread of the highly contagious delta variant, are leading government officials to reimpose mask-wearing mandates and other safety restrictions. New York City, for one, said it would require evidence of a coronavirus vaccination before people could work out at gyms and dine indoors at restaurants. Many businesses and universities also plan to require proof of vaccination from their employees and students.</p><p><blockquote>与此同时，在高传染性德尔塔变异毒株传播的推动下，新冠肺炎病例数激增，导致政府官员重新实施戴口罩的规定和其他安全限制。例如，纽约市表示，人们在健身房锻炼和在餐馆室内用餐之前，需要提供冠状病毒疫苗接种的证据。许多企业和大学还计划要求员工和学生提供疫苗接种证明。</blockquote></p><p> <h3><b>Now what</b></h3> Investors appear to be betting that these mandates will increase demand for Moderna's COVID-19 vaccine. Shareholders can expect management to provide its most up-to-date sales and earnings forecast tomorrow. Moderna is slated to hold its second-quarter earnings call at 8 a.m. EDT.</p><p><blockquote><h3><b>现在呢</b></h3>投资者似乎押注这些命令将增加对 Moderna 新冠肺炎疫苗的需求。股东可以期待管理层明天提供最新的销售和盈利预测。Moderna 定于美国东部时间上午 8 点举行第二季度收益看涨期权。</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>Why Moderna Stock Surged to a New All-Time High Today<blockquote>为什么 Moderna 股价今天飙升至历史新高</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\">\nWhy Moderna Stock Surged to a New All-Time High Today<blockquote>为什么 Moderna 股价今天飙升至历史新高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Motley Fool</strong><span class=\"h-time small\">2021-08-05 09:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p><i>Mounting COVID-19 case counts could drive more people to get vaccinated.</i></p><p><blockquote><i>不断增加的新冠肺炎病例数可能会促使更多的人接种疫苗。</i></blockquote></p><p> <h3><b>What happened</b></h3> Shares of&nbsp;<a href=\"https://laohu8.com/S/MRNA\">Moderna, Inc.</a> jumped 8.4% to a record closing high of $419.05 on Wednesday, as investors bid up the&nbsp;biotech's stock price ahead of its upcoming earnings announcement.</p><p><blockquote><h3><b>发生了什么事</b></h3>股份<a href=\"https://laohu8.com/S/MRNA\">现代公司。</a>周三上涨 8.4%，至 419.05 美元的历史收盘高点，投资者在该生物技术公司即将发布财报之前推高了该公司的股价。</blockquote></p><p> <h3><b>So what</b></h3> Moderna said on Tuesday that the U.S. Food and Drug Administration (FDA) granted Fast Track designation for its mRNA vaccine candidate against respiratory syncytial virus (RSV) in adults older than 60. RSV is a common respiratory virus that leads to roughly 177,000 hospitalizations and 14,000 deaths among adults 65 years and older each year, according to the U.S. Centers for Disease Control and Prevention.</p><p><blockquote><h3><b>那又怎样</b></h3>Moderna周二表示，美国。美国食品药品监督管理局（FDA）授予其针对60岁以上成人呼吸道合胞病毒（RSV）的mRNA候选疫苗快速通道认证。根据美国疾病控制和预防中心的数据，RSV 是一种常见的呼吸道病毒，每年导致约 177,000 名 65 岁及以上成年人住院，14,000 人死亡。</blockquote></p><p> The Fast Track designation will accelerate the FDA's review of Moderna's drug. If the vaccine proves both safe and effective, Moderna could add a new revenue stream sooner than many investors expected.</p><p><blockquote>快速通道指定将加速 FDA 对 Moderna 药物的审查。如果疫苗被证明既安全又有效，Moderna 可能会比许多投资者预期的更快地增加新的收入来源。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0b073ade8c6474ded744f2354f61f137\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">IMAGE SOURCE: GETTY IMAGES.</p><p><blockquote>图片来源：盖蒂图片社。</blockquote></p><p> Meanwhile, surging COVID-19 case counts, driven by the spread of the highly contagious delta variant, are leading government officials to reimpose mask-wearing mandates and other safety restrictions. New York City, for one, said it would require evidence of a coronavirus vaccination before people could work out at gyms and dine indoors at restaurants. Many businesses and universities also plan to require proof of vaccination from their employees and students.</p><p><blockquote>与此同时，在高传染性德尔塔变异毒株传播的推动下，新冠肺炎病例数激增，导致政府官员重新实施戴口罩的规定和其他安全限制。例如，纽约市表示，人们在健身房锻炼和在餐馆室内用餐之前，需要提供冠状病毒疫苗接种的证据。许多企业和大学还计划要求员工和学生提供疫苗接种证明。</blockquote></p><p> <h3><b>Now what</b></h3> Investors appear to be betting that these mandates will increase demand for Moderna's COVID-19 vaccine. Shareholders can expect management to provide its most up-to-date sales and earnings forecast tomorrow. Moderna is slated to hold its second-quarter earnings call at 8 a.m. EDT.</p><p><blockquote><h3><b>现在呢</b></h3>投资者似乎押注这些命令将增加对 Moderna 新冠肺炎疫苗的需求。股东可以期待管理层明天提供最新的销售和盈利预测。Moderna 定于美国东部时间上午 8 点举行第二季度收益看涨期权。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/08/04/why-moderna-stock-surged-to-a-new-all-time-high-to/\">The Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRNA":"Moderna, Inc."},"source_url":"https://www.fool.com/investing/2021/08/04/why-moderna-stock-surged-to-a-new-all-time-high-to/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105353628","content_text":"Mounting COVID-19 case counts could drive more people to get vaccinated.\nWhat happened\nShares of Moderna, Inc. jumped 8.4% to a record closing high of $419.05 on Wednesday, as investors bid up the biotech's stock price ahead of its upcoming earnings announcement.\nSo what\nModerna said on Tuesday that the U.S. Food and Drug Administration (FDA) granted Fast Track designation for its mRNA vaccine candidate against respiratory syncytial virus (RSV) in adults older than 60. RSV is a common respiratory virus that leads to roughly 177,000 hospitalizations and 14,000 deaths among adults 65 years and older each year, according to the U.S. Centers for Disease Control and Prevention.\nThe Fast Track designation will accelerate the FDA's review of Moderna's drug. If the vaccine proves both safe and effective, Moderna could add a new revenue stream sooner than many investors expected.\nIMAGE SOURCE: GETTY IMAGES.\nMeanwhile, surging COVID-19 case counts, driven by the spread of the highly contagious delta variant, are leading government officials to reimpose mask-wearing mandates and other safety restrictions. New York City, for one, said it would require evidence of a coronavirus vaccination before people could work out at gyms and dine indoors at restaurants. Many businesses and universities also plan to require proof of vaccination from their employees and students.\nNow what\nInvestors appear to be betting that these mandates will increase demand for Moderna's COVID-19 vaccine. Shareholders can expect management to provide its most up-to-date sales and earnings forecast tomorrow. Moderna is slated to hold its second-quarter earnings call at 8 a.m. EDT.","news_type":1,"symbols_score_info":{"MRNA":0.9}},"isVote":1,"tweetType":1,"viewCount":927,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808676330,"gmtCreate":1627579243620,"gmtModify":1631889356905,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"title":"","htmlText":"&nbsp; Like","listText":"&nbsp; Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/808676330","repostId":"1131907757","repostType":4,"isVote":1,"tweetType":1,"viewCount":1162,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":844422019,"gmtCreate":1636453262994,"gmtModify":1636453365406,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/844422019","repostId":"1164632864","repostType":4,"repost":{"id":"1164632864","kind":"news","pubTimestamp":1636452133,"share":"https://www.laohunote.com/m/news/1164632864?lang=zh_CN&edition=full","pubTime":"2021-11-09 18:02","market":"us","language":"en","title":"Why markets are like a duck: ‘calm above the surface, but furious churning below’<blockquote>为什么市场就像一只鸭子： 表面上很平静，但下面却在疯狂翻腾</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1164632864","media":"Marketwatch","summary":"Mario Draghi famously likened the euro to a bumblebee; Morgan Stanley analysts say global financial ","content":"<p>Mario Draghi famously&nbsp;likened the euro to a bumblebee; Morgan Stanley analysts say global financial markets remind them of a duck floating on a pond: “calm above the surface, but furious churning below.”</p><p><blockquote>马里奥·德拉吉（Mario Draghi）将欧元比作大黄蜂（bumblebee）。摩根士丹利的分析师说，全球金融市场让他们想起了池塘上漂浮的鸭子： “表面平静，但下面却怒火中烧”。</blockquote></p><p> The calm is reflected in a continued drop in realized, or actual, stock-market volatility as global equities soar to all-time highs. The analysts, led by Andrew Sheets, observed in a Friday note that realized, one-month equity volatility across the U.S., Europe and emerging markets has fallen to the 25th percentile of the last 15 years.</p><p><blockquote>随着全球股市飙升至历史高点，已实现或实际股市波动性的持续下降反映了这种平静。以安德鲁·希茨（Andrew Sheets）为首的分析师在周五的一份报告中指出，美国、欧洲和新兴市场的一个月股票波动性已降至过去15年中的第25个百分点。</blockquote></p><p> But below the surface, “volatility has jumped” for other assets, they wrote, unveiling a new cross-asset gauge, dubbed the Composite Sigma Indicator, which stands at its highest reading in five years with the exception of the COVID-induced turmoil of the second quarter of 2020 (see chart below). That reflects a rising number of extreme one-day moves, defined as a standard deviation of larger than 1.5.</p><p><blockquote>但在表面之下，其他资产的 “波动性已经跃升”，他们写道，推出了一种新的跨资产指标，称为综合西格玛指标，除了 2020 年第二季度由 COVID 引发的动荡之外，该指标处于五年来的最高值（见下图）。这反映了极端单日波动的数量不断增加，定义为标准差大于 1.5。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a225428109bc24bddb8dbd14801b7065\" tg-width=\"700\" tg-height=\"408\" referrerpolicy=\"no-referrer\"><span>MORGAN STANLEY RESEARCH</span></p><p><blockquote><p class=\"t-img-caption\"><span>摩根士丹利研究</span></p></blockquote></p><p> Anyone who has paid attention to the U.S. and global government bond markets in recent weeks probably won’t be surprised to learn that rates markets are at the heart of those moves. Indeed, the Composite Sigma Indicator has been driven by extreme moves in yield curves; inflation breakevens, which measure the difference between inflation-protected and nominal debt of the same maturity; and 2-year rates, the analysts said.</p><p><blockquote>最近几周，任何关注美国和全球政府债券市场的人都可能不会惊讶地发现，利率市场是这些变动的核心。事实上，复合西格玛指标是由收益率曲线的极端波动推动的；通货膨胀盈亏平衡，衡量通货膨胀保护债务和相同期限的名义债务之间的差异；分析师表示，以及 2 年期利率。</blockquote></p><p> Short-term government bond yields, including those on 2-year U.S. Treasury notes,&nbsp;began a sharp rise in September as investors began to pencil in a more aggressive stance by global central banks in response to inflation that has proven more persistent than expected. The gap between short- and long-dated yields narrowed significantly, a yield-curve phenomenon known as flattening.</p><p><blockquote>短期政府债券收益率（包括两年期美国国债收益率）在 9 月份开始大幅上升，因为投资者开始相信全球央行采取更激进的立场，以应对事实证明通胀比预期更加持久。短期和长期收益率之间的差距明显缩小，这种收益率曲线现象被称为平坦化。</blockquote></p><p> The speed of the move has been interpreted by some investors as the potential harbinger of&nbsp;a “policy mistake,”in which central banks spark an economic downturn by tightening too aggressively. The moves also wrong-footed investors, leaving some high-profile hedge funds with large October losses,according to The Wall Street Journal.</p><p><blockquote>一些投资者将此举的速度解读为 “政策失误 ”的潜在先兆，即央行过于激进地收紧货币政策，引发经济衰退。据《华尔街日报》报道，这些举措也让投资者措手不及，导致一些知名对冲基金在 10 月份遭受巨额亏损。</blockquote></p><p> Two-year rates in Poland, meanwhile, have risen by 85 basis points, or 0.85 percentage point, a 12.2 sigma deviation on the distribution of weekly moves for the rate, the analysts noted. The U.K. saw “extreme dislocations” as short-term rates rose and long-term rates fell, while in commodities markets, iron-ore prices are down 20%.</p><p><blockquote>分析师指出，与此同时，波兰两年期利率上涨了 85 个基点，即 0.85 个百分点，与利率周变动分布存在 12.2 西格玛偏差。英国出现了 “极端混乱”，短期利率上升，长期利率下降，而在大宗商品市场，铁矿石价格下降了 20%。</blockquote></p><p> “Rates are the sole driver of this move, while other assets are unusually calm. Risk management in global rates feels very different from equities or FX heading into year-end,” the analysts wrote.</p><p><blockquote>“利率是这一走势的唯一驱动力，而其他资产则异常平静。分析师写道：”全球利率的风险管理感觉与年底的股票或外汇截然不同。</blockquote></p><p> Stocks stumbled in September, but major indexes roared back in October and continue to press to all-time highs this month. The S&amp;P 500&nbsp;was up 26.9% year to date through Friday, while the Dow Jones Industrial Average&nbsp;has rallied 21.2% and the Nasdaq Composite&nbsp;advanced 23.9%.</p><p><blockquote>9 月份股市下跌，但主要股指在 10 月份大幅反弹，并在本月继续创下历史新高。截至周五，标普500今年迄今已上涨 26.9%，道琼斯工业平均指数上涨 21.2%，纳斯达克综合指数上涨 23.9%。</blockquote></p><p> So what does it all mean? “It suggests that the liquidity environment is already shifting, even if not readily apparent in the S&amp;P 500,” they said.</p><p><blockquote>那么这一切意味着什么呢？“他们说：”这表明流动性环境已经在发生变化，尽管这在标普500中并不明显。</blockquote></p><p> It also means that risk premium matters (see chart below).</p><p><blockquote>这也意味着风险溢价很重要（见下图）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1fa8a9c15b74f8c569f39f375770bdc7\" tg-width=\"700\" tg-height=\"383\" referrerpolicy=\"no-referrer\"><span>MORGAN STANLEY RESEARCH</span></p><p><blockquote><p class=\"t-img-caption\"><span>摩根士丹利研究</span></p></blockquote></p><p> “Many of the markets with the largest recent moves were those priced for the calmest environments. As idiosyncratic risk rises, and risk management becomes more challenging, we see opportunities in high versus low risk premium markets,” they wrote.</p><p><blockquote>“近期波动最大的许多市场都是那些为最平静的环境定价的市场。随着特殊风险的上升，风险管理变得更具挑战性，我们在高风险溢价和低风险溢价市场看到了机遇，”他们写道。</blockquote></p><p></p>","source":"market_watch","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 markets are like a duck: ‘calm above the surface, but furious churning below’<blockquote>为什么市场就像一只鸭子： 表面上很平静，但下面却在疯狂翻腾</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 markets are like a duck: ‘calm above the surface, but furious churning below’<blockquote>为什么市场就像一只鸭子： 表面上很平静，但下面却在疯狂翻腾</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-11-09 18:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Mario Draghi famously&nbsp;likened the euro to a bumblebee; Morgan Stanley analysts say global financial markets remind them of a duck floating on a pond: “calm above the surface, but furious churning below.”</p><p><blockquote>马里奥·德拉吉（Mario Draghi）将欧元比作大黄蜂（bumblebee）。摩根士丹利的分析师说，全球金融市场让他们想起了池塘上漂浮的鸭子： “表面平静，但下面却怒火中烧”。</blockquote></p><p> The calm is reflected in a continued drop in realized, or actual, stock-market volatility as global equities soar to all-time highs. The analysts, led by Andrew Sheets, observed in a Friday note that realized, one-month equity volatility across the U.S., Europe and emerging markets has fallen to the 25th percentile of the last 15 years.</p><p><blockquote>随着全球股市飙升至历史高点，已实现或实际股市波动性的持续下降反映了这种平静。以安德鲁·希茨（Andrew Sheets）为首的分析师在周五的一份报告中指出，美国、欧洲和新兴市场的一个月股票波动性已降至过去15年中的第25个百分点。</blockquote></p><p> But below the surface, “volatility has jumped” for other assets, they wrote, unveiling a new cross-asset gauge, dubbed the Composite Sigma Indicator, which stands at its highest reading in five years with the exception of the COVID-induced turmoil of the second quarter of 2020 (see chart below). That reflects a rising number of extreme one-day moves, defined as a standard deviation of larger than 1.5.</p><p><blockquote>但在表面之下，其他资产的 “波动性已经跃升”，他们写道，推出了一种新的跨资产指标，称为综合西格玛指标，除了 2020 年第二季度由 COVID 引发的动荡之外，该指标处于五年来的最高值（见下图）。这反映了极端单日波动的数量不断增加，定义为标准差大于 1.5。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a225428109bc24bddb8dbd14801b7065\" tg-width=\"700\" tg-height=\"408\" referrerpolicy=\"no-referrer\"><span>MORGAN STANLEY RESEARCH</span></p><p><blockquote><p class=\"t-img-caption\"><span>摩根士丹利研究</span></p></blockquote></p><p> Anyone who has paid attention to the U.S. and global government bond markets in recent weeks probably won’t be surprised to learn that rates markets are at the heart of those moves. Indeed, the Composite Sigma Indicator has been driven by extreme moves in yield curves; inflation breakevens, which measure the difference between inflation-protected and nominal debt of the same maturity; and 2-year rates, the analysts said.</p><p><blockquote>最近几周，任何关注美国和全球政府债券市场的人都可能不会惊讶地发现，利率市场是这些变动的核心。事实上，复合西格玛指标是由收益率曲线的极端波动推动的；通货膨胀盈亏平衡，衡量通货膨胀保护债务和相同期限的名义债务之间的差异；分析师表示，以及 2 年期利率。</blockquote></p><p> Short-term government bond yields, including those on 2-year U.S. Treasury notes,&nbsp;began a sharp rise in September as investors began to pencil in a more aggressive stance by global central banks in response to inflation that has proven more persistent than expected. The gap between short- and long-dated yields narrowed significantly, a yield-curve phenomenon known as flattening.</p><p><blockquote>短期政府债券收益率（包括两年期美国国债收益率）在 9 月份开始大幅上升，因为投资者开始相信全球央行采取更激进的立场，以应对事实证明通胀比预期更加持久。短期和长期收益率之间的差距明显缩小，这种收益率曲线现象被称为平坦化。</blockquote></p><p> The speed of the move has been interpreted by some investors as the potential harbinger of&nbsp;a “policy mistake,”in which central banks spark an economic downturn by tightening too aggressively. The moves also wrong-footed investors, leaving some high-profile hedge funds with large October losses,according to The Wall Street Journal.</p><p><blockquote>一些投资者将此举的速度解读为 “政策失误 ”的潜在先兆，即央行过于激进地收紧货币政策，引发经济衰退。据《华尔街日报》报道，这些举措也让投资者措手不及，导致一些知名对冲基金在 10 月份遭受巨额亏损。</blockquote></p><p> Two-year rates in Poland, meanwhile, have risen by 85 basis points, or 0.85 percentage point, a 12.2 sigma deviation on the distribution of weekly moves for the rate, the analysts noted. The U.K. saw “extreme dislocations” as short-term rates rose and long-term rates fell, while in commodities markets, iron-ore prices are down 20%.</p><p><blockquote>分析师指出，与此同时，波兰两年期利率上涨了 85 个基点，即 0.85 个百分点，与利率周变动分布存在 12.2 西格玛偏差。英国出现了 “极端混乱”，短期利率上升，长期利率下降，而在大宗商品市场，铁矿石价格下降了 20%。</blockquote></p><p> “Rates are the sole driver of this move, while other assets are unusually calm. Risk management in global rates feels very different from equities or FX heading into year-end,” the analysts wrote.</p><p><blockquote>“利率是这一走势的唯一驱动力，而其他资产则异常平静。分析师写道：”全球利率的风险管理感觉与年底的股票或外汇截然不同。</blockquote></p><p> Stocks stumbled in September, but major indexes roared back in October and continue to press to all-time highs this month. The S&amp;P 500&nbsp;was up 26.9% year to date through Friday, while the Dow Jones Industrial Average&nbsp;has rallied 21.2% and the Nasdaq Composite&nbsp;advanced 23.9%.</p><p><blockquote>9 月份股市下跌，但主要股指在 10 月份大幅反弹，并在本月继续创下历史新高。截至周五，标普500今年迄今已上涨 26.9%，道琼斯工业平均指数上涨 21.2%，纳斯达克综合指数上涨 23.9%。</blockquote></p><p> So what does it all mean? “It suggests that the liquidity environment is already shifting, even if not readily apparent in the S&amp;P 500,” they said.</p><p><blockquote>那么这一切意味着什么呢？“他们说：”这表明流动性环境已经在发生变化，尽管这在标普500中并不明显。</blockquote></p><p> It also means that risk premium matters (see chart below).</p><p><blockquote>这也意味着风险溢价很重要（见下图）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1fa8a9c15b74f8c569f39f375770bdc7\" tg-width=\"700\" tg-height=\"383\" referrerpolicy=\"no-referrer\"><span>MORGAN STANLEY RESEARCH</span></p><p><blockquote><p class=\"t-img-caption\"><span>摩根士丹利研究</span></p></blockquote></p><p> “Many of the markets with the largest recent moves were those priced for the calmest environments. As idiosyncratic risk rises, and risk management becomes more challenging, we see opportunities in high versus low risk premium markets,” they wrote.</p><p><blockquote>“近期波动最大的许多市场都是那些为最平静的环境定价的市场。随着特殊风险的上升，风险管理变得更具挑战性，我们在高风险溢价和低风险溢价市场看到了机遇，”他们写道。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/why-markets-are-like-a-duck-calm-above-the-surface-but-furious-churning-below-11636395875?siteid=yhoof2\">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":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/why-markets-are-like-a-duck-calm-above-the-surface-but-furious-churning-below-11636395875?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1164632864","content_text":"Mario Draghi famously likened the euro to a bumblebee; Morgan Stanley analysts say global financial markets remind them of a duck floating on a pond: “calm above the surface, but furious churning below.”\nThe calm is reflected in a continued drop in realized, or actual, stock-market volatility as global equities soar to all-time highs. The analysts, led by Andrew Sheets, observed in a Friday note that realized, one-month equity volatility across the U.S., Europe and emerging markets has fallen to the 25th percentile of the last 15 years.\nBut below the surface, “volatility has jumped” for other assets, they wrote, unveiling a new cross-asset gauge, dubbed the Composite Sigma Indicator, which stands at its highest reading in five years with the exception of the COVID-induced turmoil of the second quarter of 2020 (see chart below). That reflects a rising number of extreme one-day moves, defined as a standard deviation of larger than 1.5.\nMORGAN STANLEY RESEARCH\nAnyone who has paid attention to the U.S. and global government bond markets in recent weeks probably won’t be surprised to learn that rates markets are at the heart of those moves. Indeed, the Composite Sigma Indicator has been driven by extreme moves in yield curves; inflation breakevens, which measure the difference between inflation-protected and nominal debt of the same maturity; and 2-year rates, the analysts said.\nShort-term government bond yields, including those on 2-year U.S. Treasury notes, began a sharp rise in September as investors began to pencil in a more aggressive stance by global central banks in response to inflation that has proven more persistent than expected. The gap between short- and long-dated yields narrowed significantly, a yield-curve phenomenon known as flattening.\nThe speed of the move has been interpreted by some investors as the potential harbinger of a “policy mistake,”in which central banks spark an economic downturn by tightening too aggressively. The moves also wrong-footed investors, leaving some high-profile hedge funds with large October losses,according to The Wall Street Journal.\nTwo-year rates in Poland, meanwhile, have risen by 85 basis points, or 0.85 percentage point, a 12.2 sigma deviation on the distribution of weekly moves for the rate, the analysts noted. The U.K. saw “extreme dislocations” as short-term rates rose and long-term rates fell, while in commodities markets, iron-ore prices are down 20%.\n“Rates are the sole driver of this move, while other assets are unusually calm. Risk management in global rates feels very different from equities or FX heading into year-end,” the analysts wrote.\nStocks stumbled in September, but major indexes roared back in October and continue to press to all-time highs this month. The S&P 500 was up 26.9% year to date through Friday, while the Dow Jones Industrial Average has rallied 21.2% and the Nasdaq Composite advanced 23.9%.\nSo what does it all mean? “It suggests that the liquidity environment is already shifting, even if not readily apparent in the S&P 500,” they said.\nIt also means that risk premium matters (see chart below).\nMORGAN STANLEY RESEARCH\n“Many of the markets with the largest recent moves were those priced for the calmest environments. As idiosyncratic risk rises, and risk management becomes more challenging, we see opportunities in high versus low risk premium markets,” they wrote.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":3309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":152484205,"gmtCreate":1625327931207,"gmtModify":1631891688101,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"title":"","htmlText":"&nbsp;Wow 😲","listText":"&nbsp;Wow 😲","text":"Wow 😲","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/152484205","repostId":"1188153141","repostType":4,"repost":{"id":"1188153141","kind":"news","pubTimestamp":1625276221,"share":"https://www.laohunote.com/m/news/1188153141?lang=zh_CN&edition=full","pubTime":"2021-07-03 09:37","market":"us","language":"en","title":"Suze Orman worries about a market crash — here's what you should do<blockquote>苏兹·奥曼 (Suze Orman) 担心市场崩盘——以下是您应该做的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1188153141","media":"MoneyWise","summary":"As stock markets continue setting records, fallout from COVID-19 continues to create problems for th","content":"<p>As stock markets continue setting records, fallout from COVID-19 continues to create problems for the economy.</p><p><blockquote>随着股市继续创下纪录，新冠肺炎的影响继续给经济带来问题。</blockquote></p><p> That clash has worried investing experts, including Suze Orman, who's gone so far as to say she’s now preparing for an inevitable market crash.</p><p><blockquote>这场冲突让包括苏兹-奥曼（Suze Orman）在内的投资专家感到担忧，她甚至表示自己现在正在为不可避免的市场崩盘做准备。</blockquote></p><p> And a famous measurement popularized by Warren Buffett — known as the Buffett Indicator — shows Orman might be onto something.</p><p><blockquote>沃伦·巴菲特推广的一个著名指标——被称为巴菲特指标——表明奥曼可能有所发现。</blockquote></p><p> Here’s an explanation of where the concern is coming from and some techniques you can use tokeep your investment portfolio growingeven if the market goes south.</p><p><blockquote>以下是对这种担忧从何而来的解释，以及即使市场下跌，您也可以使用一些技巧来保持投资组合的增长。</blockquote></p><p> <b>What does Suze Orman think?</b></p><p><blockquote><b>苏兹·奥曼怎么想？</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/be8dc3ad363faad96bc575a22235562d\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Mediapunch/Shutterstock</p><p><blockquote>媒体打孔/Shutterstock</blockquote></p><p> Suze Orman has avidly watched the market for decades. She knows ups and downs are to be expected, but what she’s seeing happen with investment fads like GameStop has her concerned.</p><p><blockquote>苏兹·奥曼几十年来一直热切关注市场。她知道起起落落是意料之中的，但她所看到的像游戏驿站这样的投资时尚让她感到担忧。</blockquote></p><p> “I don’t like what I see happening in the market right now,” Orman said in a video for CNBC. “The economy has been horrible, but the stock market has been going.”</p><p><blockquote>“奥曼在 CNBC 的一段视频中说：”我不喜欢我现在在市场上看到的情况。“经济形势很糟糕，但股市一直在上涨”。</blockquote></p><p> While investing is as easy now asusing a smartphone app, Orman is concerned about where we can go from these record highs.</p><p><blockquote>虽然现在投资就像使用智能手机应用程序一样简单，但奥曼担心我们能从这些历史高点走向何方。</blockquote></p><p> And even with stimulus checks, which are still going out, and the real estate market breaking its own records last year, Orman worries about what will come with the coronavirus — especially as new variants continue to pop up.</p><p><blockquote>即使刺激检查仍在进行中，房地产市场去年也打破了自己的记录，奥曼仍然担心冠状病毒会带来什么——尤其是在新变种不断涌现的情况下。</blockquote></p><p> What's more, she feels it’s just been too long since the last crash to stay this high much longer.</p><p><blockquote>更重要的是，她觉得自从上次撞车以来，已经太久了，不能再在这个高度停留太久了。</blockquote></p><p> “This reminds me of 2000 all over again,” Orman says.</p><p><blockquote>“奥尔曼说：”这让我再次想起了 2000 年。</blockquote></p><p> <b>The Buffett Indicator</b></p><p><blockquote><b>巴菲特指标</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/44ada32ecadcc4581fed208f4f4e4d53\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Larry W Smith/EPA/Shutterstock</p><p><blockquote>拉里·W·史密斯/EPA/Shutterstock</blockquote></p><p> One metric Warren Buffett uses to assess the market so regularly that it’s been named after him has been flashing red for long enough that market watchers are starting to wonder if it’s an outdated tool.</p><p><blockquote>沃伦-巴菲特（Warren Buffett）经常用来评估市场的一个指标，以他的名字命名，这个指标已经出现了足够长的时间，以至于市场观察人士开始怀疑它是否是一个过时的工具。</blockquote></p><p> But the Buffett Indicator, a measurement of the ratio of the stock market’s total value against U.S. economic output, continues to climb to previously unseen levels.</p><p><blockquote>但巴菲特指标（衡量股市总价值与美国经济产出之比的指标）继续攀升至前所未有的水平。</blockquote></p><p> And those in the know are wondering if it's a sign that we’re about to see a hard fall.</p><p><blockquote>知情人士不禁要问，这是否是我们即将迎来一场硬着陆的征兆。</blockquote></p><p> How to prepare for a crash<img src=\"https://static.tigerbbs.com/1ad912a6b4611d9e39b46d2851c78c9e\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Freedomz / Shutterstock</p><p><blockquote>如何为撞车做好准备Freedomz / Shutterstock</blockquote></p><p> Orman has three recommendations for setting up a simple investment strategy to help you successfully navigate any sharp turns in the market.</p><p><blockquote>奥曼提出了三个建立简单投资策略的建议，以帮助您成功应对市场的任何急转弯。</blockquote></p><p> <b>1. Buy low</b></p><p><blockquote><b>1. 低买入</b></blockquote></p><p> Part of what upsets Orman so much about the furor over meme stocks like GameStop is it goes completely against the average investor’s interests.</p><p><blockquote>奥曼对游戏驿站等备受关注的股票感到非常不安，部分原因是它完全违背了普通投资者的利益。</blockquote></p><p> “All of you have your heads screwed on backwards,” she says. “All you want is for these markets to go up and up and up. What good is that going to do you?”</p><p><blockquote>“她说：”你们所有人的头都被拧到了后面。“你只想让这些市场不断上涨。这对你有什么好处？”</blockquote></p><p> She points out the only extra money most people have goes towardinvesting for retirementin their 401(k) or IRA plans.</p><p><blockquote>她指出，大多数人唯一的额外资金是在 401(k) 或 IRA 计划中用于退休投资。</blockquote></p><p> Because you probably don’t plan to touch that money for decades, the best long-term strategy is to buy low. That way, your dollar will go much further now, leaving plenty of room for growth over the next 20, 30 or 40 years.</p><p><blockquote>因为你可能几十年都不打算动用这笔钱，所以最好的长期策略是低价买入。这样，您的美元现在将走得更远，为未来 20、30 或 40 年的增长留下充足的空间。</blockquote></p><p> <b>2. Invest on a schedule</b></p><p><blockquote><b>2. 按计划投资</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/e4102f8a6d5002090743b1cbded32ef9\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">katjen / Shutterstock</p><p><blockquote>卡特延 / Shutterstock</blockquote></p><p> While she prefers to buy low, Orman doesn’t recommend you stop investing completely when the market goes up.</p><p><blockquote>虽然奥曼更喜欢低价买入，但她并不建议您在市场上涨时完全停止投资。</blockquote></p><p> She wants casual investors to not get caught up in the daily ups and downs of the market.</p><p><blockquote>她希望普通投资者不要陷入市场每天的起伏之中。</blockquote></p><p> In fact, cheering for downturns now may be your best bet at getting a larger piece of very profitable investments — like some lucky investors were able to do back in 2007 and 2008.</p><p><blockquote>事实上，现在为经济衰退欢呼可能是你获得更多利润丰厚投资的最佳选择——就像一些幸运的投资者在 2007 年和 2008 年所做的那样。</blockquote></p><p> “When the market went down, down, down you could buy things at nothing,” says Orman. “And now look at them 15 years later.”</p><p><blockquote>“奥尔曼说：”当市场下跌、下跌、下跌时，你可以免费买到东西。“现在看看 15 年后的他们。”</blockquote></p><p> She suggests you set up a dollar-cost averaging strategy, which means you invest your money in equal portions at regular intervals, regardless of the market’s fluctuations.</p><p><blockquote>她建议您制定美元成本平均策略，这意味着无论市场波动如何，您都要定期等额投资。</blockquote></p><p> This kind of approach is easy to implement with any of the many investing apps currently available to DIY investors.</p><p><blockquote>这种方法很容易在目前可供DIY投资者使用的许多投资应用程序中实现。</blockquote></p><p> There are even apps that willautomatically invest your spare changeby rounding up your debit and credit card purchases to the nearest dollar.</p><p><blockquote>甚至还有一些应用程序会通过将您的借记卡和信用卡购买金额四舍五入到最接近的美元来自动投资您的备用零钱。</blockquote></p><p> <b>3. Diversify with fractional shares</b></p><p><blockquote><b>3. 通过零碎股份实现多元化</b></blockquote></p><p> To help weather dips in specific corners of the market, Orman suggests you diversify your investments — balance your portfolio with investments in many different types of assets and sectors of the economy.</p><p><blockquote>为了帮助抵御市场特定角落的下跌，奥曼建议您分散投资——通过对许多不同类型资产和经济部门的投资来平衡您的投资组合。</blockquote></p><p> Orman particularly recommends fractional-share investing. This approach allows you to buy a slice of a share for a big-name company that you otherwise wouldn’t be able to afford.</p><p><blockquote>奥曼特别推荐零股投资。这种方法可以让你购买一家大牌公司的股份，否则你将买不起这部分股份。</blockquote></p><p></p><p> With the help of apopular stock-trading tool, anyone at any budget can afford the fractional share strategy.</p><p><blockquote>在不受欢迎的股票交易工具的帮助下，任何预算的任何人都可以负担得起碎股策略。</blockquote></p><p> “The sooner you begin, the more money you will have,” says Orman. “Just don’t stop, and when these markets go down, you should be so happy because your dollars find more shares.”</p><p><blockquote>“奥曼说：”越早开始，你的钱就越多。“只是不要停下来，当这些市场下跌时，你应该非常高兴，因为你的美元找到了更多的股票”。</blockquote></p><p> “And the more shares you have, the more money you’ll have 20, 40, 50 years from now.”</p><p><blockquote>“你拥有的股份越多，20 年、40 年、50 年后你拥有的钱就越多。”</blockquote></p><p> <b>What else you can do</b></p><p><blockquote><b>你还能做什么</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/5e79c6fd1f8fa6e3a7c3a6c94f1e14b5\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">goodluz / Shutterstock</p><p><blockquote>古德卢兹 / Shutterstock</blockquote></p><p> Whether or not a big crash is around the corner, investors who are still decades out from retirement can make that work for them, Orman said in theCNBC video.</p><p><blockquote>奥曼在 CNBC 视频中表示，无论大崩盘是否迫在眉睫，距离退休还有几十年的投资者都可以利用这一点。</blockquote></p><p> First, prepare for the worst and hope for the best. Since the onset of the pandemic, Orman now recommends everyone have an emergency fund that can cover their expenses for a full year.</p><p><blockquote>首先，做最坏的打算，抱最好的希望。自从疫情爆发以来，奥曼现在建议每个人都有一个应急基金，可以支付他们一整年的费用。</blockquote></p><p> Then, to set yourself up fora comfortable retirement, she suggests you opt for a Roth account, whether that’s a 401(k) or IRA.</p><p><blockquote>然后，为了让自己过上舒适的退休生活，她建议您选择罗斯账户，无论是 401(k) 还是 IRA。</blockquote></p><p> That will help you avoid paying tax when you take money out of your retirement account because your contributions to a Roth account are made after tax. Traditional IRAs, on the other hand, aren’t taxed when you make contributions, so you’ll end up paying later.</p><p><blockquote>当您从退休账户中提取资金时，这将帮助您避免纳税，因为您对罗斯账户的缴款是在税后进行的。另一方面，传统的 IRA 在您供款时无需缴税，因此您最终会在以后付款。</blockquote></p><p> If you find you need a little more guidance, working with aprofessional financial adviser, can help point you in the right direction so you can confidently ride out any market volatility.</p><p><blockquote>如果你发现你需要更多的指导，与专业的财务顾问合作，可以帮助你指出正确的方向，这样你就可以自信地度过任何市场波动。</blockquote></p><p> While everyone else is veering off course or overcorrecting, you’ll be firmly in the driver’s seat with your sunset years planned for.</p><p><blockquote>当其他人都在偏离航向或过度纠正时，你将牢牢掌握在驾驶座上，计划着你的夕阳西下。</blockquote></p><p></p>","source":"lsy1621813427262","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>Suze Orman worries about a market crash — here's what you should do<blockquote>苏兹·奥曼 (Suze Orman) 担心市场崩盘——以下是您应该做的</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; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSuze Orman worries about a market crash — here's what you should do<blockquote>苏兹·奥曼 (Suze Orman) 担心市场崩盘——以下是您应该做的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MoneyWise</strong><span class=\"h-time small\">2021-07-03 09:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p>As stock markets continue setting records, fallout from COVID-19 continues to create problems for the economy.</p><p><blockquote>随着股市继续创下纪录，新冠肺炎的影响继续给经济带来问题。</blockquote></p><p> That clash has worried investing experts, including Suze Orman, who's gone so far as to say she’s now preparing for an inevitable market crash.</p><p><blockquote>这场冲突让包括苏兹-奥曼（Suze Orman）在内的投资专家感到担忧，她甚至表示自己现在正在为不可避免的市场崩盘做准备。</blockquote></p><p> And a famous measurement popularized by Warren Buffett — known as the Buffett Indicator — shows Orman might be onto something.</p><p><blockquote>沃伦·巴菲特推广的一个著名指标——被称为巴菲特指标——表明奥曼可能有所发现。</blockquote></p><p> Here’s an explanation of where the concern is coming from and some techniques you can use tokeep your investment portfolio growingeven if the market goes south.</p><p><blockquote>以下是对这种担忧从何而来的解释，以及即使市场下跌，您也可以使用一些技巧来保持投资组合的增长。</blockquote></p><p> <b>What does Suze Orman think?</b></p><p><blockquote><b>苏兹·奥曼怎么想？</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/be8dc3ad363faad96bc575a22235562d\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Mediapunch/Shutterstock</p><p><blockquote>媒体打孔/Shutterstock</blockquote></p><p> Suze Orman has avidly watched the market for decades. She knows ups and downs are to be expected, but what she’s seeing happen with investment fads like GameStop has her concerned.</p><p><blockquote>苏兹·奥曼几十年来一直热切关注市场。她知道起起落落是意料之中的，但她所看到的像游戏驿站这样的投资时尚让她感到担忧。</blockquote></p><p> “I don’t like what I see happening in the market right now,” Orman said in a video for CNBC. “The economy has been horrible, but the stock market has been going.”</p><p><blockquote>“奥曼在 CNBC 的一段视频中说：”我不喜欢我现在在市场上看到的情况。“经济形势很糟糕，但股市一直在上涨”。</blockquote></p><p> While investing is as easy now asusing a smartphone app, Orman is concerned about where we can go from these record highs.</p><p><blockquote>虽然现在投资就像使用智能手机应用程序一样简单，但奥曼担心我们能从这些历史高点走向何方。</blockquote></p><p> And even with stimulus checks, which are still going out, and the real estate market breaking its own records last year, Orman worries about what will come with the coronavirus — especially as new variants continue to pop up.</p><p><blockquote>即使刺激检查仍在进行中，房地产市场去年也打破了自己的记录，奥曼仍然担心冠状病毒会带来什么——尤其是在新变种不断涌现的情况下。</blockquote></p><p> What's more, she feels it’s just been too long since the last crash to stay this high much longer.</p><p><blockquote>更重要的是，她觉得自从上次撞车以来，已经太久了，不能再在这个高度停留太久了。</blockquote></p><p> “This reminds me of 2000 all over again,” Orman says.</p><p><blockquote>“奥尔曼说：”这让我再次想起了 2000 年。</blockquote></p><p> <b>The Buffett Indicator</b></p><p><blockquote><b>巴菲特指标</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/44ada32ecadcc4581fed208f4f4e4d53\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Larry W Smith/EPA/Shutterstock</p><p><blockquote>拉里·W·史密斯/EPA/Shutterstock</blockquote></p><p> One metric Warren Buffett uses to assess the market so regularly that it’s been named after him has been flashing red for long enough that market watchers are starting to wonder if it’s an outdated tool.</p><p><blockquote>沃伦-巴菲特（Warren Buffett）经常用来评估市场的一个指标，以他的名字命名，这个指标已经出现了足够长的时间，以至于市场观察人士开始怀疑它是否是一个过时的工具。</blockquote></p><p> But the Buffett Indicator, a measurement of the ratio of the stock market’s total value against U.S. economic output, continues to climb to previously unseen levels.</p><p><blockquote>但巴菲特指标（衡量股市总价值与美国经济产出之比的指标）继续攀升至前所未有的水平。</blockquote></p><p> And those in the know are wondering if it's a sign that we’re about to see a hard fall.</p><p><blockquote>知情人士不禁要问，这是否是我们即将迎来一场硬着陆的征兆。</blockquote></p><p> How to prepare for a crash<img src=\"https://static.tigerbbs.com/1ad912a6b4611d9e39b46d2851c78c9e\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Freedomz / Shutterstock</p><p><blockquote>如何为撞车做好准备Freedomz / Shutterstock</blockquote></p><p> Orman has three recommendations for setting up a simple investment strategy to help you successfully navigate any sharp turns in the market.</p><p><blockquote>奥曼提出了三个建立简单投资策略的建议，以帮助您成功应对市场的任何急转弯。</blockquote></p><p> <b>1. Buy low</b></p><p><blockquote><b>1. 低买入</b></blockquote></p><p> Part of what upsets Orman so much about the furor over meme stocks like GameStop is it goes completely against the average investor’s interests.</p><p><blockquote>奥曼对游戏驿站等备受关注的股票感到非常不安，部分原因是它完全违背了普通投资者的利益。</blockquote></p><p> “All of you have your heads screwed on backwards,” she says. “All you want is for these markets to go up and up and up. What good is that going to do you?”</p><p><blockquote>“她说：”你们所有人的头都被拧到了后面。“你只想让这些市场不断上涨。这对你有什么好处？”</blockquote></p><p> She points out the only extra money most people have goes towardinvesting for retirementin their 401(k) or IRA plans.</p><p><blockquote>她指出，大多数人唯一的额外资金是在 401(k) 或 IRA 计划中用于退休投资。</blockquote></p><p> Because you probably don’t plan to touch that money for decades, the best long-term strategy is to buy low. That way, your dollar will go much further now, leaving plenty of room for growth over the next 20, 30 or 40 years.</p><p><blockquote>因为你可能几十年都不打算动用这笔钱，所以最好的长期策略是低价买入。这样，您的美元现在将走得更远，为未来 20、30 或 40 年的增长留下充足的空间。</blockquote></p><p> <b>2. Invest on a schedule</b></p><p><blockquote><b>2. 按计划投资</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/e4102f8a6d5002090743b1cbded32ef9\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">katjen / Shutterstock</p><p><blockquote>卡特延 / Shutterstock</blockquote></p><p> While she prefers to buy low, Orman doesn’t recommend you stop investing completely when the market goes up.</p><p><blockquote>虽然奥曼更喜欢低价买入，但她并不建议您在市场上涨时完全停止投资。</blockquote></p><p> She wants casual investors to not get caught up in the daily ups and downs of the market.</p><p><blockquote>她希望普通投资者不要陷入市场每天的起伏之中。</blockquote></p><p> In fact, cheering for downturns now may be your best bet at getting a larger piece of very profitable investments — like some lucky investors were able to do back in 2007 and 2008.</p><p><blockquote>事实上，现在为经济衰退欢呼可能是你获得更多利润丰厚投资的最佳选择——就像一些幸运的投资者在 2007 年和 2008 年所做的那样。</blockquote></p><p> “When the market went down, down, down you could buy things at nothing,” says Orman. “And now look at them 15 years later.”</p><p><blockquote>“奥尔曼说：”当市场下跌、下跌、下跌时，你可以免费买到东西。“现在看看 15 年后的他们。”</blockquote></p><p> She suggests you set up a dollar-cost averaging strategy, which means you invest your money in equal portions at regular intervals, regardless of the market’s fluctuations.</p><p><blockquote>她建议您制定美元成本平均策略，这意味着无论市场波动如何，您都要定期等额投资。</blockquote></p><p> This kind of approach is easy to implement with any of the many investing apps currently available to DIY investors.</p><p><blockquote>这种方法很容易在目前可供DIY投资者使用的许多投资应用程序中实现。</blockquote></p><p> There are even apps that willautomatically invest your spare changeby rounding up your debit and credit card purchases to the nearest dollar.</p><p><blockquote>甚至还有一些应用程序会通过将您的借记卡和信用卡购买金额四舍五入到最接近的美元来自动投资您的备用零钱。</blockquote></p><p> <b>3. Diversify with fractional shares</b></p><p><blockquote><b>3. 通过零碎股份实现多元化</b></blockquote></p><p> To help weather dips in specific corners of the market, Orman suggests you diversify your investments — balance your portfolio with investments in many different types of assets and sectors of the economy.</p><p><blockquote>为了帮助抵御市场特定角落的下跌，奥曼建议您分散投资——通过对许多不同类型资产和经济部门的投资来平衡您的投资组合。</blockquote></p><p> Orman particularly recommends fractional-share investing. This approach allows you to buy a slice of a share for a big-name company that you otherwise wouldn’t be able to afford.</p><p><blockquote>奥曼特别推荐零股投资。这种方法可以让你购买一家大牌公司的股份，否则你将买不起这部分股份。</blockquote></p><p></p><p> With the help of apopular stock-trading tool, anyone at any budget can afford the fractional share strategy.</p><p><blockquote>在不受欢迎的股票交易工具的帮助下，任何预算的任何人都可以负担得起碎股策略。</blockquote></p><p> “The sooner you begin, the more money you will have,” says Orman. “Just don’t stop, and when these markets go down, you should be so happy because your dollars find more shares.”</p><p><blockquote>“奥曼说：”越早开始，你的钱就越多。“只是不要停下来，当这些市场下跌时，你应该非常高兴，因为你的美元找到了更多的股票”。</blockquote></p><p> “And the more shares you have, the more money you’ll have 20, 40, 50 years from now.”</p><p><blockquote>“你拥有的股份越多，20 年、40 年、50 年后你拥有的钱就越多。”</blockquote></p><p> <b>What else you can do</b></p><p><blockquote><b>你还能做什么</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/5e79c6fd1f8fa6e3a7c3a6c94f1e14b5\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">goodluz / Shutterstock</p><p><blockquote>古德卢兹 / Shutterstock</blockquote></p><p> Whether or not a big crash is around the corner, investors who are still decades out from retirement can make that work for them, Orman said in theCNBC video.</p><p><blockquote>奥曼在 CNBC 视频中表示，无论大崩盘是否迫在眉睫，距离退休还有几十年的投资者都可以利用这一点。</blockquote></p><p> First, prepare for the worst and hope for the best. Since the onset of the pandemic, Orman now recommends everyone have an emergency fund that can cover their expenses for a full year.</p><p><blockquote>首先，做最坏的打算，抱最好的希望。自从疫情爆发以来，奥曼现在建议每个人都有一个应急基金，可以支付他们一整年的费用。</blockquote></p><p> Then, to set yourself up fora comfortable retirement, she suggests you opt for a Roth account, whether that’s a 401(k) or IRA.</p><p><blockquote>然后，为了让自己过上舒适的退休生活，她建议您选择罗斯账户，无论是 401(k) 还是 IRA。</blockquote></p><p> That will help you avoid paying tax when you take money out of your retirement account because your contributions to a Roth account are made after tax. Traditional IRAs, on the other hand, aren’t taxed when you make contributions, so you’ll end up paying later.</p><p><blockquote>当您从退休账户中提取资金时，这将帮助您避免纳税，因为您对罗斯账户的缴款是在税后进行的。另一方面，传统的 IRA 在您供款时无需缴税，因此您最终会在以后付款。</blockquote></p><p> If you find you need a little more guidance, working with aprofessional financial adviser, can help point you in the right direction so you can confidently ride out any market volatility.</p><p><blockquote>如果你发现你需要更多的指导，与专业的财务顾问合作，可以帮助你指出正确的方向，这样你就可以自信地度过任何市场波动。</blockquote></p><p> While everyone else is veering off course or overcorrecting, you’ll be firmly in the driver’s seat with your sunset years planned for.</p><p><blockquote>当其他人都在偏离航向或过度纠正时，你将牢牢掌握在驾驶座上，计划着你的夕阳西下。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/suze-orman-worries-market-crash-220000108.html\">MoneyWise</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",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"source_url":"https://finance.yahoo.com/news/suze-orman-worries-market-crash-220000108.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188153141","content_text":"As stock markets continue setting records, fallout from COVID-19 continues to create problems for the economy.\nThat clash has worried investing experts, including Suze Orman, who's gone so far as to say she’s now preparing for an inevitable market crash.\nAnd a famous measurement popularized by Warren Buffett — known as the Buffett Indicator — shows Orman might be onto something.\nHere’s an explanation of where the concern is coming from and some techniques you can use tokeep your investment portfolio growingeven if the market goes south.\nWhat does Suze Orman think?\nMediapunch/Shutterstock\nSuze Orman has avidly watched the market for decades. She knows ups and downs are to be expected, but what she’s seeing happen with investment fads like GameStop has her concerned.\n“I don’t like what I see happening in the market right now,” Orman said in a video for CNBC. “The economy has been horrible, but the stock market has been going.”\nWhile investing is as easy now asusing a smartphone app, Orman is concerned about where we can go from these record highs.\nAnd even with stimulus checks, which are still going out, and the real estate market breaking its own records last year, Orman worries about what will come with the coronavirus — especially as new variants continue to pop up.\nWhat's more, she feels it’s just been too long since the last crash to stay this high much longer.\n“This reminds me of 2000 all over again,” Orman says.\nThe Buffett Indicator\nLarry W Smith/EPA/Shutterstock\nOne metric Warren Buffett uses to assess the market so regularly that it’s been named after him has been flashing red for long enough that market watchers are starting to wonder if it’s an outdated tool.\nBut the Buffett Indicator, a measurement of the ratio of the stock market’s total value against U.S. economic output, continues to climb to previously unseen levels.\nAnd those in the know are wondering if it's a sign that we’re about to see a hard fall.\nHow to prepare for a crashFreedomz / Shutterstock\nOrman has three recommendations for setting up a simple investment strategy to help you successfully navigate any sharp turns in the market.\n1. Buy low\nPart of what upsets Orman so much about the furor over meme stocks like GameStop is it goes completely against the average investor’s interests.\n“All of you have your heads screwed on backwards,” she says. “All you want is for these markets to go up and up and up. What good is that going to do you?”\nShe points out the only extra money most people have goes towardinvesting for retirementin their 401(k) or IRA plans.\nBecause you probably don’t plan to touch that money for decades, the best long-term strategy is to buy low. That way, your dollar will go much further now, leaving plenty of room for growth over the next 20, 30 or 40 years.\n2. Invest on a schedule\nkatjen / Shutterstock\nWhile she prefers to buy low, Orman doesn’t recommend you stop investing completely when the market goes up.\nShe wants casual investors to not get caught up in the daily ups and downs of the market.\nIn fact, cheering for downturns now may be your best bet at getting a larger piece of very profitable investments — like some lucky investors were able to do back in 2007 and 2008.\n“When the market went down, down, down you could buy things at nothing,” says Orman. “And now look at them 15 years later.”\nShe suggests you set up a dollar-cost averaging strategy, which means you invest your money in equal portions at regular intervals, regardless of the market’s fluctuations.\nThis kind of approach is easy to implement with any of the many investing apps currently available to DIY investors.\nThere are even apps that willautomatically invest your spare changeby rounding up your debit and credit card purchases to the nearest dollar.\n3. Diversify with fractional shares\nTo help weather dips in specific corners of the market, Orman suggests you diversify your investments — balance your portfolio with investments in many different types of assets and sectors of the economy.\nOrman particularly recommends fractional-share investing. This approach allows you to buy a slice of a share for a big-name company that you otherwise wouldn’t be able to afford.\nWith the help of apopular stock-trading tool, anyone at any budget can afford the fractional share strategy.\n“The sooner you begin, the more money you will have,” says Orman. “Just don’t stop, and when these markets go down, you should be so happy because your dollars find more shares.”\n“And the more shares you have, the more money you’ll have 20, 40, 50 years from now.”\nWhat else you can do\ngoodluz / Shutterstock\nWhether or not a big crash is around the corner, investors who are still decades out from retirement can make that work for them, Orman said in theCNBC video.\nFirst, prepare for the worst and hope for the best. Since the onset of the pandemic, Orman now recommends everyone have an emergency fund that can cover their expenses for a full year.\nThen, to set yourself up fora comfortable retirement, she suggests you opt for a Roth account, whether that’s a 401(k) or IRA.\nThat will help you avoid paying tax when you take money out of your retirement account because your contributions to a Roth account are made after tax. Traditional IRAs, on the other hand, aren’t taxed when you make contributions, so you’ll end up paying later.\nIf you find you need a little more guidance, working with aprofessional financial adviser, can help point you in the right direction so you can confidently ride out any market volatility.\nWhile everyone else is veering off course or overcorrecting, you’ll be firmly in the driver’s seat with your sunset years planned for.","news_type":1,"symbols_score_info":{"SPY":0.9,".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":656,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":848766494,"gmtCreate":1636030784367,"gmtModify":1636030784918,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"title":"","htmlText":"OK","listText":"OK","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/848766494","repostId":"1158417116","repostType":4,"repost":{"id":"1158417116","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":1636027483,"share":"https://www.laohunote.com/m/news/1158417116?lang=zh_CN&edition=full","pubTime":"2021-11-04 20:04","market":"us","language":"en","title":"Toplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1158417116","media":"Tiger Newspress","summary":"The S&P 500 and Nasdaq futures were at record highs on Thursday, propped up by a slew of stellar earnings reports and as investors shrugged off the Federal Reserve's first steps to begin paring its pandemic-era support.At 8:00 a.m. ET, Dow e-minis were down 17 points, or 0.05%, S&P 500 e-minis were up 5.25 points, or 0.11%, and Nasdaq 100 e-minis were up 60.5 points, or 0.38%.Tesla Inc added 1.9% and was set for a record open, while other mega-cap technology titans Microsoft Corp, Google-owner A","content":"<p>The S&amp;P 500 and Nasdaq futures were at record highs on Thursday, propped up by a slew of stellar earnings reports and as investors shrugged off the Federal Reserve's first steps to begin paring its pandemic-era support.</p><p><blockquote>标普500和纳斯达克期货周四创下历史新高，受到一系列出色财报的支撑，以及投资者对美联储开始削减大流行时代支持的第一步不屑一顾。</blockquote></p><p> At 8:00 a.m. ET, Dow e-minis were down 17 points, or 0.05%, S&amp;P 500 e-minis were up 5.25 points, or 0.11%, and Nasdaq 100 e-minis were up 60.5 points, or 0.38%.</p><p><blockquote>美国东部时间上午 8:00，道琼斯电子迷你指数下跌 17 点，跌幅 0.05%，标普500电子迷你指数上涨 5.25 点，跌幅 0.11%，纳斯达克 100 电子迷你指数上涨 60.5 点，跌幅 0.38%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/34b82a3a6bcc1b43dfa28ebacdf9efcb\" tg-width=\"1080\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Tesla Inc&nbsp;added 1.9% and was set for a record open, while other mega-cap technology titans Microsoft Corp, Google-owner Alphabet Inc, Amazon.com&nbsp;and Meta Platforms&nbsp;also edged higher.</p><p><blockquote>特斯拉公司上涨 1.9%，创下开盘纪录，而其他大型科技巨头微软公司、谷歌母公司Alphabet公司、亚马逊和 Meta Platforms 也小幅走高。</blockquote></p><p> The U.S. unemployment picture improved again last week, with initial filings for unemployment insurance falling to another pandemic-era low.First-time claims dropped to 269,000 for the week ended Oct. 30, down 14,000 from the previous period and better than the Dow Jones estimate for 275,000, the Labor Department reported Thursday.</p><p><blockquote>美国失业形势上周再次改善，首次申请失业保险人数降至大流行时代的新低。截至 10 月 30 日当周，首次申请人数降至 269,000 人，比上一时期减少 14,000 人，好于道琼斯预期的 275,000 人劳工部周四报告称。</blockquote></p><p> Continuing state jobless claims fall 134,000 to 2.1million;U.S. productivity sinks 5% in third quarter;U.S. trade gap widens to record $80.9 billion in September from revised $72.8 billion in prior month;U.S. output rises 1.7% in third quarter, hours worked jump 7%;U.S. unit-labor costs surge 8.3% in the third quarter.</p><p><blockquote>持续申请失业救济人数下降 13.4 万人至 210 万人；美国第三季度生产率下降 5%；9 月份美国贸易逆差从上月修正后的 728 亿美元扩大至创纪录的 809 亿美元；美国第三季度产出增长1.7%，工作时间增长7%；美国第三季度单位劳动力成本飙升8.3%。</blockquote></p><p> <b>Stocks making the biggest moves premarket: </b></p><p><blockquote><b>盘前波动最大的股票：</b></blockquote></p><p> <b>Moderna(MRNA)</b> – Moderna tumbled 11.5% in premarket action, following quarterly shortfalls in both earnings and revenue as well as a cut in the drug maker’s full-year earnings outlook. Moderna earned $7.70 per share for its latest quarter versus the $9.05 consensus estimate.</p><p><blockquote><b>现代（MRNA）</b>- Moderna 在盘前暴跌 11.5%，原因是季度盈利和收入均出现不足，以及该制药商全年盈利前景被下调。Moderna 最新季度每股收益为 7.70 美元，而市场普遍预期为 9.05 美元。</blockquote></p><p> <b>Merck(MRK)&nbsp;</b>–&nbsp;Britain became the first country to approve Merck &amp; Co’s Covid-19 antiviral pill, with the nation’s drug regulator describing the treatment as safe and effective.Merck shares rose 3.2% in premarket U.S. trading.</p><p><blockquote><b>默克(MRK)</b>- 英国成为第一个批准默克公司的 Covid-19 抗病毒药丸的国家，英国药品监管机构称该疗法安全有效。默克股价在美国盘前交易中上涨 3.2%。</blockquote></p><p> <b>Roku(ROKU) </b>– Roku shares slid 7.4% in premarket trading despite an earnings beat. The video-streaming device maker earned 48 cents per share for its latest quarter, well above the 6-cent consensus estimate, but revenue fell short of forecasts and the company issued a lower-than-expected revenue forecast for the holiday quarter.</p><p><blockquote><b>Roku（Roku）</b>– 尽管盈利超出预期，Roku股价在盘前交易中下跌 7.4%。这家视频流设备制造商最新季度每股收益为 48 美分，远高于 6 美分的市场普遍预期，但收入低于预期，该公司发布的假日季度收入预测低于预期。</blockquote></p><p> <b>Qualcomm(QCOM)</b> – Qualcomm beat estimates by 29 cents with adjusted quarterly earnings of $2.55 per share, and the chip maker’s revenue also beat forecasts. Qualcomm also forecasts strong growth, driven by demands for 5G smartphone technology. Shares jumped 9.6% in premarket trading.</p><p><blockquote><b>高通(QCOM)</b>- 高通公司调整后季度收益为每股 2.55 美元，超出预期 29 美分，这家芯片制造商的收入也超出了预期。高通还预测，在 5G 智能手机技术需求的推动下，高通将实现强劲增长。股价在盘前交易中上涨 9.6%。</blockquote></p><p> <b>Electronic Arts(EA)</b> – Electronic Arts reported an adjusted quarterly profit of $1.49 per share, compared with a consensus estimate of $1.17. The video game maker also beat on the top line. EA also raised its full-year outlook amid strength in its sports-themed games. Electronic Arts added 2.9% in the premarket.</p><p><blockquote><b>艺电(EA)</b>– 艺电公布调整后季度利润为每股 1.49 美元，而市场普遍预期为 1.17 美元。这家视频游戏制造商也击败了冠军。由于体育主题游戏的强劲表现，艺电还上调了全年展望。艺电盘前上涨2.9%。</blockquote></p><p> <b>Take-Two Interactive(TTWO)</b> – Take-Two had a quarter that mirrored rival Electronic Arts, beating on both the top and bottom lines, and raising its outlook. Take-Two reported adjusted earnings of $1.63 a share, beating the consensus estimate of $1.34, and its stock added 3.1% in premarket action.</p><p><blockquote><b>Take-Two 互动 (TTWO)</b>– Take-Two 的季度业绩与竞争对手艺电 (Electronic Arts) 如出一辙，营收和利润均有所增长，并提高了其前景。Take-Two 公布调整后每股收益为 1.63 美元，超出市场普遍预期的 1.34 美元，其股价在盘前上涨 3.1%。</blockquote></p><p> <b>Etsy(ETSY)</b> – The online crafts marketplace issued weaker-than-expected current-quarter revenue guidance although it did beat forecasts for its most recent quarter, coming in 8 cents above estimates with earnings of 62 cents per share.Etsy&nbsp;shares&nbsp;fell&nbsp;1%&nbsp;in premarket trading.</p><p><blockquote><b>埃齐（Etsy）</b>– 在线工艺品市场发布的本季度收入指引弱于预期，尽管其最近一个季度的收入指引确实超出了预期，比预期高出 8 美分，每股收益为 62 美分。 Etsy 股价在盘前交易中下跌 1%。</blockquote></p><p> <b>MGM Resorts(MGM)</b> – MGM rallied 2.4% in the premarket after announcing plans to sell the operations of its Mirage casino in Las Vegas to another operator. MGM said no sales agreement has been reached, however, and it did not disclose the name of any potential buyers.</p><p><blockquote><b>米高梅度假村（MGM）</b>– 米高梅宣布计划将其位于拉斯维加斯的 Mirage 赌场业务出售给另一家运营商后，盘前上涨 2.4%。然而，米高梅表示尚未达成销售协议，也没有透露任何潜在买家的姓名。</blockquote></p><p> <b>Regeneron Pharmaceuticals(REGN)</b> – The drug maker’s shares rallied 2.7% in the premarket after it reported a significant beat on both the top and bottom lines for its latest quarter. Regeneron earned an adjusted $15.37 per share, well above the $10.10 consensus estimate, on strong sales of its Covid-19 antibody cocktail as well as other treatments.</p><p><blockquote><b>再生元制药（雨）</b>- 这家制药商的股价在盘前上涨了 2.7%，此前该公司公布了最新一个季度的营收和利润均大幅增长。由于其 Covid-19 抗体鸡尾酒和其他治疗药物的强劲销售，Regeneron 调整后每股收益为 15.37 美元，远高于 10.10 美元的市场普遍预期。</blockquote></p><p> <b>Planet Fitness(PLNT)</b> – The fitness center operator’s stock surged 4.9% in premarket action after beating on the top and bottom lines and raising its full-year revenue forecast. Planet Fitness earned an adjusted 25 cents per share for its latest quarter, 7 cents above estimates.</p><p><blockquote><b>星球健身（PLNT）</b>- 这家健身中心运营商的股价在盘前大涨 4.9%，此前该公司的营收和利润均有所提高，并上调了全年收入预期。Planet Fitness 最新季度调整后每股收益为 25 美分，比预期高出 7 美分。</blockquote></p><p> <b>ViacomCBS(VIAC)</b> – ViacomCBS rose 0.7% in premarket trading after its quarterly earnings matched estimates and revenue came in better than expected. Results got a boost from strength in the company’s streaming and TV businesses.</p><p><blockquote><b>维亚康姆哥伦比亚广播公司（VIAC）</b>– 维亚康姆哥伦比亚广播公司 (ViacomCBS) 在季度收益符合预期且收入好于预期后，在盘前交易中上涨 0.7%。公司流媒体和电视业务的强劲势头推动了业绩的发展。</blockquote></p><p></p><p> <b>Wayfair(W)</b> – The online home goods seller slid 4.5% in the premarket after it reported an unexpected quarterly profit but saw revenue fall below analyst forecasts. Wayfair noted that spending has started to transition toward brick-and-mortar stores post-pandemic and it may take a few quarters for its growth to return to normal levels.</p><p><blockquote><b>韦费尔(W)</b>– 这家在线家居用品销售商在公布意外季度利润后，盘前下跌 4.5%，但收入低于分析师预测。Wayfair 指出，疫情过后，支出已开始转向实体店，其增长可能需要几个季度才能恢复正常水平。</blockquote></p><p> <b>Booking Holdings(BKNG)</b> – Booking Holdings rallied 4.6% in the premarket after the travel company reported better-than-expected profit and revenue for its latest quarter. The Priceline parent earned an adjusted $37.70 per share, compared with the $32.90 consensus estimate, and investors so far are shrugging off the company’s cautionary comments about a Covid-19 resurgence in Europe.</p><p><blockquote><b>预订控股(BKNG)</b>– Booking Holdings 在该旅游公司公布最新季度利润和收入好于预期后，盘前上涨 4.6%。Priceline 母公司调整后每股收益为 37.70 美元，而市场普遍预期为 32.90 美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的顶线</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的顶线</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-04 20:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The S&amp;P 500 and Nasdaq futures were at record highs on Thursday, propped up by a slew of stellar earnings reports and as investors shrugged off the Federal Reserve's first steps to begin paring its pandemic-era support.</p><p><blockquote>标普500和纳斯达克期货周四创下历史新高，受到一系列出色财报的支撑，以及投资者对美联储开始削减大流行时代支持的第一步不屑一顾。</blockquote></p><p> At 8:00 a.m. ET, Dow e-minis were down 17 points, or 0.05%, S&amp;P 500 e-minis were up 5.25 points, or 0.11%, and Nasdaq 100 e-minis were up 60.5 points, or 0.38%.</p><p><blockquote>美国东部时间上午 8:00，道琼斯电子迷你指数下跌 17 点，跌幅 0.05%，标普500电子迷你指数上涨 5.25 点，跌幅 0.11%，纳斯达克 100 电子迷你指数上涨 60.5 点，跌幅 0.38%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/34b82a3a6bcc1b43dfa28ebacdf9efcb\" tg-width=\"1080\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Tesla Inc&nbsp;added 1.9% and was set for a record open, while other mega-cap technology titans Microsoft Corp, Google-owner Alphabet Inc, Amazon.com&nbsp;and Meta Platforms&nbsp;also edged higher.</p><p><blockquote>特斯拉公司上涨 1.9%，创下开盘纪录，而其他大型科技巨头微软公司、谷歌母公司Alphabet公司、亚马逊和 Meta Platforms 也小幅走高。</blockquote></p><p> The U.S. unemployment picture improved again last week, with initial filings for unemployment insurance falling to another pandemic-era low.First-time claims dropped to 269,000 for the week ended Oct. 30, down 14,000 from the previous period and better than the Dow Jones estimate for 275,000, the Labor Department reported Thursday.</p><p><blockquote>美国失业形势上周再次改善，首次申请失业保险人数降至大流行时代的新低。截至 10 月 30 日当周，首次申请人数降至 269,000 人，比上一时期减少 14,000 人，好于道琼斯预期的 275,000 人劳工部周四报告称。</blockquote></p><p> Continuing state jobless claims fall 134,000 to 2.1million;U.S. productivity sinks 5% in third quarter;U.S. trade gap widens to record $80.9 billion in September from revised $72.8 billion in prior month;U.S. output rises 1.7% in third quarter, hours worked jump 7%;U.S. unit-labor costs surge 8.3% in the third quarter.</p><p><blockquote>持续申请失业救济人数下降 13.4 万人至 210 万人；美国第三季度生产率下降 5%；9 月份美国贸易逆差从上月修正后的 728 亿美元扩大至创纪录的 809 亿美元；美国第三季度产出增长1.7%，工作时间增长7%；美国第三季度单位劳动力成本飙升8.3%。</blockquote></p><p> <b>Stocks making the biggest moves premarket: </b></p><p><blockquote><b>盘前波动最大的股票：</b></blockquote></p><p> <b>Moderna(MRNA)</b> – Moderna tumbled 11.5% in premarket action, following quarterly shortfalls in both earnings and revenue as well as a cut in the drug maker’s full-year earnings outlook. Moderna earned $7.70 per share for its latest quarter versus the $9.05 consensus estimate.</p><p><blockquote><b>现代（MRNA）</b>- Moderna 在盘前暴跌 11.5%，原因是季度盈利和收入均出现不足，以及该制药商全年盈利前景被下调。Moderna 最新季度每股收益为 7.70 美元，而市场普遍预期为 9.05 美元。</blockquote></p><p> <b>Merck(MRK)&nbsp;</b>–&nbsp;Britain became the first country to approve Merck &amp; Co’s Covid-19 antiviral pill, with the nation’s drug regulator describing the treatment as safe and effective.Merck shares rose 3.2% in premarket U.S. trading.</p><p><blockquote><b>默克(MRK)</b>- 英国成为第一个批准默克公司的 Covid-19 抗病毒药丸的国家，英国药品监管机构称该疗法安全有效。默克股价在美国盘前交易中上涨 3.2%。</blockquote></p><p> <b>Roku(ROKU) </b>– Roku shares slid 7.4% in premarket trading despite an earnings beat. The video-streaming device maker earned 48 cents per share for its latest quarter, well above the 6-cent consensus estimate, but revenue fell short of forecasts and the company issued a lower-than-expected revenue forecast for the holiday quarter.</p><p><blockquote><b>Roku（Roku）</b>– 尽管盈利超出预期，Roku股价在盘前交易中下跌 7.4%。这家视频流设备制造商最新季度每股收益为 48 美分，远高于 6 美分的市场普遍预期，但收入低于预期，该公司发布的假日季度收入预测低于预期。</blockquote></p><p> <b>Qualcomm(QCOM)</b> – Qualcomm beat estimates by 29 cents with adjusted quarterly earnings of $2.55 per share, and the chip maker’s revenue also beat forecasts. Qualcomm also forecasts strong growth, driven by demands for 5G smartphone technology. Shares jumped 9.6% in premarket trading.</p><p><blockquote><b>高通(QCOM)</b>- 高通公司调整后季度收益为每股 2.55 美元，超出预期 29 美分，这家芯片制造商的收入也超出了预期。高通还预测，在 5G 智能手机技术需求的推动下，高通将实现强劲增长。股价在盘前交易中上涨 9.6%。</blockquote></p><p> <b>Electronic Arts(EA)</b> – Electronic Arts reported an adjusted quarterly profit of $1.49 per share, compared with a consensus estimate of $1.17. The video game maker also beat on the top line. EA also raised its full-year outlook amid strength in its sports-themed games. Electronic Arts added 2.9% in the premarket.</p><p><blockquote><b>艺电(EA)</b>– 艺电公布调整后季度利润为每股 1.49 美元，而市场普遍预期为 1.17 美元。这家视频游戏制造商也击败了冠军。由于体育主题游戏的强劲表现，艺电还上调了全年展望。艺电盘前上涨2.9%。</blockquote></p><p> <b>Take-Two Interactive(TTWO)</b> – Take-Two had a quarter that mirrored rival Electronic Arts, beating on both the top and bottom lines, and raising its outlook. Take-Two reported adjusted earnings of $1.63 a share, beating the consensus estimate of $1.34, and its stock added 3.1% in premarket action.</p><p><blockquote><b>Take-Two 互动 (TTWO)</b>– Take-Two 的季度业绩与竞争对手艺电 (Electronic Arts) 如出一辙，营收和利润均有所增长，并提高了其前景。Take-Two 公布调整后每股收益为 1.63 美元，超出市场普遍预期的 1.34 美元，其股价在盘前上涨 3.1%。</blockquote></p><p> <b>Etsy(ETSY)</b> – The online crafts marketplace issued weaker-than-expected current-quarter revenue guidance although it did beat forecasts for its most recent quarter, coming in 8 cents above estimates with earnings of 62 cents per share.Etsy&nbsp;shares&nbsp;fell&nbsp;1%&nbsp;in premarket trading.</p><p><blockquote><b>埃齐（Etsy）</b>– 在线工艺品市场发布的本季度收入指引弱于预期，尽管其最近一个季度的收入指引确实超出了预期，比预期高出 8 美分，每股收益为 62 美分。 Etsy 股价在盘前交易中下跌 1%。</blockquote></p><p> <b>MGM Resorts(MGM)</b> – MGM rallied 2.4% in the premarket after announcing plans to sell the operations of its Mirage casino in Las Vegas to another operator. MGM said no sales agreement has been reached, however, and it did not disclose the name of any potential buyers.</p><p><blockquote><b>米高梅度假村（MGM）</b>– 米高梅宣布计划将其位于拉斯维加斯的 Mirage 赌场业务出售给另一家运营商后，盘前上涨 2.4%。然而，米高梅表示尚未达成销售协议，也没有透露任何潜在买家的姓名。</blockquote></p><p> <b>Regeneron Pharmaceuticals(REGN)</b> – The drug maker’s shares rallied 2.7% in the premarket after it reported a significant beat on both the top and bottom lines for its latest quarter. Regeneron earned an adjusted $15.37 per share, well above the $10.10 consensus estimate, on strong sales of its Covid-19 antibody cocktail as well as other treatments.</p><p><blockquote><b>再生元制药（雨）</b>- 这家制药商的股价在盘前上涨了 2.7%，此前该公司公布了最新一个季度的营收和利润均大幅增长。由于其 Covid-19 抗体鸡尾酒和其他治疗药物的强劲销售，Regeneron 调整后每股收益为 15.37 美元，远高于 10.10 美元的市场普遍预期。</blockquote></p><p> <b>Planet Fitness(PLNT)</b> – The fitness center operator’s stock surged 4.9% in premarket action after beating on the top and bottom lines and raising its full-year revenue forecast. Planet Fitness earned an adjusted 25 cents per share for its latest quarter, 7 cents above estimates.</p><p><blockquote><b>星球健身（PLNT）</b>- 这家健身中心运营商的股价在盘前大涨 4.9%，此前该公司的营收和利润均有所提高，并上调了全年收入预期。Planet Fitness 最新季度调整后每股收益为 25 美分，比预期高出 7 美分。</blockquote></p><p> <b>ViacomCBS(VIAC)</b> – ViacomCBS rose 0.7% in premarket trading after its quarterly earnings matched estimates and revenue came in better than expected. Results got a boost from strength in the company’s streaming and TV businesses.</p><p><blockquote><b>维亚康姆哥伦比亚广播公司（VIAC）</b>– 维亚康姆哥伦比亚广播公司 (ViacomCBS) 在季度收益符合预期且收入好于预期后，在盘前交易中上涨 0.7%。公司流媒体和电视业务的强劲势头推动了业绩的发展。</blockquote></p><p></p><p> <b>Wayfair(W)</b> – The online home goods seller slid 4.5% in the premarket after it reported an unexpected quarterly profit but saw revenue fall below analyst forecasts. Wayfair noted that spending has started to transition toward brick-and-mortar stores post-pandemic and it may take a few quarters for its growth to return to normal levels.</p><p><blockquote><b>韦费尔(W)</b>– 这家在线家居用品销售商在公布意外季度利润后，盘前下跌 4.5%，但收入低于分析师预测。Wayfair 指出，疫情过后，支出已开始转向实体店，其增长可能需要几个季度才能恢复正常水平。</blockquote></p><p> <b>Booking Holdings(BKNG)</b> – Booking Holdings rallied 4.6% in the premarket after the travel company reported better-than-expected profit and revenue for its latest quarter. The Priceline parent earned an adjusted $37.70 per share, compared with the $32.90 consensus estimate, and investors so far are shrugging off the company’s cautionary comments about a Covid-19 resurgence in Europe.</p><p><blockquote><b>预订控股(BKNG)</b>– Booking Holdings 在该旅游公司公布最新季度利润和收入好于预期后，盘前上涨 4.6%。Priceline 母公司调整后每股收益为 37.70 美元，而市场普遍预期为 32.90 美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TTWO":"Take-Two Interactive Software","REGN":"再生元制药公司","PLNT":"Planet Fitness Inc","EA":"艺电",".DJI":"道琼斯","MRK":"默沙东","ETSY":"Etsy, Inc.","MRNA":"Moderna, Inc.","MGM":"美高梅","W":"Wayfair",".IXIC":"NASDAQ Composite","TSLA":"特斯拉","QCOM":"高通","BKNG":"Booking Holdings",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158417116","content_text":"The S&P 500 and Nasdaq futures were at record highs on Thursday, propped up by a slew of stellar earnings reports and as investors shrugged off the Federal Reserve's first steps to begin paring its pandemic-era support.\nAt 8:00 a.m. ET, Dow e-minis were down 17 points, or 0.05%, S&P 500 e-minis were up 5.25 points, or 0.11%, and Nasdaq 100 e-minis were up 60.5 points, or 0.38%.\n\nTesla Inc added 1.9% and was set for a record open, while other mega-cap technology titans Microsoft Corp, Google-owner Alphabet Inc, Amazon.com and Meta Platforms also edged higher.\nThe U.S. unemployment picture improved again last week, with initial filings for unemployment insurance falling to another pandemic-era low.First-time claims dropped to 269,000 for the week ended Oct. 30, down 14,000 from the previous period and better than the Dow Jones estimate for 275,000, the Labor Department reported Thursday.\nContinuing state jobless claims fall 134,000 to 2.1million;U.S. productivity sinks 5% in third quarter;U.S. trade gap widens to record $80.9 billion in September from revised $72.8 billion in prior month;U.S. output rises 1.7% in third quarter, hours worked jump 7%;U.S. unit-labor costs surge 8.3% in the third quarter.\nStocks making the biggest moves premarket: \nModerna(MRNA) – Moderna tumbled 11.5% in premarket action, following quarterly shortfalls in both earnings and revenue as well as a cut in the drug maker’s full-year earnings outlook. Moderna earned $7.70 per share for its latest quarter versus the $9.05 consensus estimate.\nMerck(MRK) – Britain became the first country to approve Merck & Co’s Covid-19 antiviral pill, with the nation’s drug regulator describing the treatment as safe and effective.Merck shares rose 3.2% in premarket U.S. trading.\nRoku(ROKU) – Roku shares slid 7.4% in premarket trading despite an earnings beat. The video-streaming device maker earned 48 cents per share for its latest quarter, well above the 6-cent consensus estimate, but revenue fell short of forecasts and the company issued a lower-than-expected revenue forecast for the holiday quarter.\nQualcomm(QCOM) – Qualcomm beat estimates by 29 cents with adjusted quarterly earnings of $2.55 per share, and the chip maker’s revenue also beat forecasts. Qualcomm also forecasts strong growth, driven by demands for 5G smartphone technology. Shares jumped 9.6% in premarket trading.\nElectronic Arts(EA) – Electronic Arts reported an adjusted quarterly profit of $1.49 per share, compared with a consensus estimate of $1.17. The video game maker also beat on the top line. EA also raised its full-year outlook amid strength in its sports-themed games. Electronic Arts added 2.9% in the premarket.\nTake-Two Interactive(TTWO) – Take-Two had a quarter that mirrored rival Electronic Arts, beating on both the top and bottom lines, and raising its outlook. Take-Two reported adjusted earnings of $1.63 a share, beating the consensus estimate of $1.34, and its stock added 3.1% in premarket action.\nEtsy(ETSY) – The online crafts marketplace issued weaker-than-expected current-quarter revenue guidance although it did beat forecasts for its most recent quarter, coming in 8 cents above estimates with earnings of 62 cents per share.Etsy shares fell 1% in premarket trading.\nMGM Resorts(MGM) – MGM rallied 2.4% in the premarket after announcing plans to sell the operations of its Mirage casino in Las Vegas to another operator. MGM said no sales agreement has been reached, however, and it did not disclose the name of any potential buyers.\nRegeneron Pharmaceuticals(REGN) – The drug maker’s shares rallied 2.7% in the premarket after it reported a significant beat on both the top and bottom lines for its latest quarter. Regeneron earned an adjusted $15.37 per share, well above the $10.10 consensus estimate, on strong sales of its Covid-19 antibody cocktail as well as other treatments.\nPlanet Fitness(PLNT) – The fitness center operator’s stock surged 4.9% in premarket action after beating on the top and bottom lines and raising its full-year revenue forecast. Planet Fitness earned an adjusted 25 cents per share for its latest quarter, 7 cents above estimates.\nViacomCBS(VIAC) – ViacomCBS rose 0.7% in premarket trading after its quarterly earnings matched estimates and revenue came in better than expected. Results got a boost from strength in the company’s streaming and TV businesses.\nWayfair(W) – The online home goods seller slid 4.5% in the premarket after it reported an unexpected quarterly profit but saw revenue fall below analyst forecasts. Wayfair noted that spending has started to transition toward brick-and-mortar stores post-pandemic and it may take a few quarters for its growth to return to normal levels.\nBooking Holdings(BKNG) – Booking Holdings rallied 4.6% in the premarket after the travel company reported better-than-expected profit and revenue for its latest quarter. The Priceline parent earned an adjusted $37.70 per share, compared with the $32.90 consensus estimate, and investors so far are shrugging off the company’s cautionary comments about a Covid-19 resurgence in Europe.","news_type":1,"symbols_score_info":{"TTWO":0.9,"BKNG":0.9,".DJI":0.9,"QCOM":0.9,"EA":0.9,"NQmain":0.9,"MRK":0.9,"MGM":0.9,"W":0.9,"ESmain":0.9,"REGN":0.9,"YMmain":0.9,"PLNT":0.9,"ETSY":0.9,"VIAC":0.9,".IXIC":0.9,"TSLA":0.9,".SPX":0.9,"MRNA":0.9}},"isVote":1,"tweetType":1,"viewCount":3481,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":889154675,"gmtCreate":1631118074297,"gmtModify":1631889356823,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"title":"","htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/889154675","repostId":"1185415782","repostType":4,"repost":{"id":"1185415782","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":1631109899,"share":"https://www.laohunote.com/m/news/1185415782?lang=zh_CN&edition=full","pubTime":"2021-09-08 22:04","market":"us","language":"en","title":"Chinese EV stocks are down in early trading<blockquote>中国电动汽车股早盘下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1185415782","media":"Tiger Newspress","summary":"(Sept 8) Chinese EV stocks are down in early trading.  NIO, Xpeng fell over 5%, Li fell over 3%.","content":"<p>(Sept 8)&nbsp;Chinese&nbsp;EV stocks&nbsp;are&nbsp;down&nbsp;in&nbsp;early&nbsp;trading.&nbsp;&nbsp;NIO,&nbsp;Xpeng&nbsp;fell&nbsp;over&nbsp;5%,&nbsp;Li&nbsp;fell&nbsp;over&nbsp;3%.</p><p><blockquote>（9月8日）中国电动汽车股早盘下跌。蔚来、小鹏汽车跌幅超过5%，李汽车跌幅超过3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5c8522469d717c9ea7cfe197df22bf04\" tg-width=\"279\" tg-height=\"290\" width=\"100%\" height=\"auto\"></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>Chinese EV stocks are down in early trading<blockquote>中国电动汽车股早盘下跌</blockquote></title>\n<style 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#7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese EV stocks are down in early trading<blockquote>中国电动汽车股早盘下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-09-08 22:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Sept 8)&nbsp;Chinese&nbsp;EV stocks&nbsp;are&nbsp;down&nbsp;in&nbsp;early&nbsp;trading.&nbsp;&nbsp;NIO,&nbsp;Xpeng&nbsp;fell&nbsp;over&nbsp;5%,&nbsp;Li&nbsp;fell&nbsp;over&nbsp;3%.</p><p><blockquote>（9月8日）中国电动汽车股早盘下跌。蔚来、小鹏汽车跌幅超过5%，李汽车跌幅超过3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5c8522469d717c9ea7cfe197df22bf04\" tg-width=\"279\" tg-height=\"290\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车","09868":"小鹏集团-W","XPEV":"小鹏集团","NIO":"蔚来","02015":"理想汽车-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185415782","content_text":"(Sept 8) Chinese EV stocks are down in early trading.  NIO, Xpeng fell over 5%, Li fell over 3%.","news_type":1,"symbols_score_info":{"XPEV":0.9,"09868":0.9,"02015":0.9,"LI":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":1289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817673715,"gmtCreate":1630961499137,"gmtModify":1631889356844,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/817673715","repostId":"1149410892","repostType":4,"repost":{"id":"1149410892","kind":"news","pubTimestamp":1630932652,"share":"https://www.laohunote.com/m/news/1149410892?lang=zh_CN&edition=full","pubTime":"2021-09-06 20:50","market":"us","language":"en","title":"Tesla Reportedly Targeting $25,000 \"Model 2\" With No Steering Wheel By 2023<blockquote>据报道，特斯拉的目标是到 2023 年推出 25,000 美元的无方向盘“Model 2”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1149410892","media":"zerohedge","summary":"Apparently having not lied enough over the last few weeks with the revelation of the \"Tesla humanoid","content":"<p>Apparently having not lied enough over the last few weeks with the revelation of the \"Tesla humanoid robot\", Elon Musk may be seeking to one-up himself by reportedly telling his employees that Tesla is going to release a $25,000 car in 2023.</p><p><blockquote>显然，在过去几周里，埃隆·马斯克在“特斯拉人形机器人”的曝光上撒的谎还不够，据报道，埃隆·马斯克可能会试图超越自己，告诉他的员工特斯拉将在 2023 年发布一辆价值 25,000 美元的汽车。</blockquote></p><p> Landing hours aftera reportthat Apple was seeking to have a mass market vehicle in production by 2024,&nbsp;<i>electrek</i>reportedthat Tesla is aiming to release the proposed $25,000 vehicle<i>without a steering wheel.</i></p><p><blockquote>有报道称苹果正在寻求在 2024 年之前生产一款大众市场汽车，<i>电动</i>据报道，特斯拉的目标是发布拟议中的 25,000 美元车辆<i>没有方向盘。</i></blockquote></p><p> Musk first announced the idea of a $25,000 vehicle at Tesla's battery day last year,<i>electrek</i>notes<i>.</i>Musk is hoping to be able to hit the $25,000 price point by leveraging a new battery cell and manufacturing process, which eventually could reduce the costs associated with a battery by over 50%.</p><p><blockquote>马斯克去年在特斯拉电池日首次宣布了一款售价 25,000 美元的汽车的想法，<i>电动</i>附注<i>.</i>马斯克希望能够通过利用新的电池和制造工艺达到 25,000 美元的价格点，最终可以将电池相关成本降低 50% 以上。</blockquote></p><p> There has been little in the way of updates as to how that battery effort is moving along since then.</p><p><blockquote>自那以后，关于电池工作的进展情况，几乎没有更新。</blockquote></p><p> Musk is also hoping the new vehicle, which has been unofficially dubbed the \"Model 2\", will be fully autonomous.&nbsp;“Do we want to have this car come with a steering wheel and pedals?” Musk reportedly asked his employees, suggesting the vehicle may not need them.</p><p><blockquote>马斯克还希望这款被非正式命名为 “Model 2”的新车能够完全自动驾驶。“我们希望这辆车配备方向盘和踏板吗？”据报道，马斯克询问了他的员工，暗示车辆可能不需要他们。</blockquote></p><p> Renderings show it as a compact style hatchback.</p><p><blockquote>效果图显示它是一款紧凑型掀背车。</blockquote></p><p> Last year, Tesla disclosed plans to establish a research and development center in China to help build a \"Chinese style\" electric vehicle, which may wind up being similar, or the same, as the proposed \"Model 2\".</p><p><blockquote>去年，特斯拉披露了在中国建立研发中心的计划，以帮助打造一款“中国式”电动汽车，最终可能与拟议中的“Model 2”相似或相同。</blockquote></p><p> Sources told&nbsp;<i>electrek</i>production could start as soon as 2023. We'll take the \"over\" on that timeline, as usual, when it comes to matters of Musk's promises. The report concluded by stating that the company's progress on Full Self Driving will dictate whether or not the Model 2 will be autonomous. With that being the case, not only do we think proposed goals about the timeline are likely misguided, but we're not holding out hope for autonomy, either.</p><p><blockquote>消息人士称<i>电动</i>最早可能于 2023 年开始生产。当谈到马斯克的承诺时，我们将像往常一样在这个时间表上“结束”。该报告最后指出，该公司在全自动驾驶方面的进展将决定 Model 2 是否会自动驾驶。在这种情况下，我们不仅认为关于时间表的拟议目标可能被误导，而且我们也没有对自主权抱有希望。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Reportedly Targeting $25,000 \"Model 2\" With No Steering Wheel By 2023<blockquote>据报道，特斯拉的目标是到 2023 年推出 25,000 美元的无方向盘“Model 2”</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Reportedly Targeting $25,000 \"Model 2\" With No Steering Wheel By 2023<blockquote>据报道，特斯拉的目标是到 2023 年推出 25,000 美元的无方向盘“Model 2”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-09-06 20:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apparently having not lied enough over the last few weeks with the revelation of the \"Tesla humanoid robot\", Elon Musk may be seeking to one-up himself by reportedly telling his employees that Tesla is going to release a $25,000 car in 2023.</p><p><blockquote>显然，在过去几周里，埃隆·马斯克在“特斯拉人形机器人”的曝光上撒的谎还不够，据报道，埃隆·马斯克可能会试图超越自己，告诉他的员工特斯拉将在 2023 年发布一辆价值 25,000 美元的汽车。</blockquote></p><p> Landing hours aftera reportthat Apple was seeking to have a mass market vehicle in production by 2024,&nbsp;<i>electrek</i>reportedthat Tesla is aiming to release the proposed $25,000 vehicle<i>without a steering wheel.</i></p><p><blockquote>有报道称苹果正在寻求在 2024 年之前生产一款大众市场汽车，<i>电动</i>据报道，特斯拉的目标是发布拟议中的 25,000 美元车辆<i>没有方向盘。</i></blockquote></p><p> Musk first announced the idea of a $25,000 vehicle at Tesla's battery day last year,<i>electrek</i>notes<i>.</i>Musk is hoping to be able to hit the $25,000 price point by leveraging a new battery cell and manufacturing process, which eventually could reduce the costs associated with a battery by over 50%.</p><p><blockquote>马斯克去年在特斯拉电池日首次宣布了一款售价 25,000 美元的汽车的想法，<i>电动</i>附注<i>.</i>马斯克希望能够通过利用新的电池和制造工艺达到 25,000 美元的价格点，最终可以将电池相关成本降低 50% 以上。</blockquote></p><p> There has been little in the way of updates as to how that battery effort is moving along since then.</p><p><blockquote>自那以后，关于电池工作的进展情况，几乎没有更新。</blockquote></p><p> Musk is also hoping the new vehicle, which has been unofficially dubbed the \"Model 2\", will be fully autonomous.&nbsp;“Do we want to have this car come with a steering wheel and pedals?” Musk reportedly asked his employees, suggesting the vehicle may not need them.</p><p><blockquote>马斯克还希望这款被非正式命名为 “Model 2”的新车能够完全自动驾驶。“我们希望这辆车配备方向盘和踏板吗？”据报道，马斯克询问了他的员工，暗示车辆可能不需要他们。</blockquote></p><p> Renderings show it as a compact style hatchback.</p><p><blockquote>效果图显示它是一款紧凑型掀背车。</blockquote></p><p> Last year, Tesla disclosed plans to establish a research and development center in China to help build a \"Chinese style\" electric vehicle, which may wind up being similar, or the same, as the proposed \"Model 2\".</p><p><blockquote>去年，特斯拉披露了在中国建立研发中心的计划，以帮助打造一款“中国式”电动汽车，最终可能与拟议中的“Model 2”相似或相同。</blockquote></p><p> Sources told&nbsp;<i>electrek</i>production could start as soon as 2023. We'll take the \"over\" on that timeline, as usual, when it comes to matters of Musk's promises. The report concluded by stating that the company's progress on Full Self Driving will dictate whether or not the Model 2 will be autonomous. With that being the case, not only do we think proposed goals about the timeline are likely misguided, but we're not holding out hope for autonomy, either.</p><p><blockquote>消息人士称<i>电动</i>最早可能于 2023 年开始生产。当谈到马斯克的承诺时，我们将像往常一样在这个时间表上“结束”。该报告最后指出，该公司在全自动驾驶方面的进展将决定 Model 2 是否会自动驾驶。在这种情况下，我们不仅认为关于时间表的拟议目标可能被误导，而且我们也没有对自主权抱有希望。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/tesla-reportedly-targeting-25000-model-2-no-steering-wheel-2023\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/tesla-reportedly-targeting-25000-model-2-no-steering-wheel-2023","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149410892","content_text":"Apparently having not lied enough over the last few weeks with the revelation of the \"Tesla humanoid robot\", Elon Musk may be seeking to one-up himself by reportedly telling his employees that Tesla is going to release a $25,000 car in 2023.\nLanding hours aftera reportthat Apple was seeking to have a mass market vehicle in production by 2024, electrekreportedthat Tesla is aiming to release the proposed $25,000 vehiclewithout a steering wheel.\nMusk first announced the idea of a $25,000 vehicle at Tesla's battery day last year,electreknotes.Musk is hoping to be able to hit the $25,000 price point by leveraging a new battery cell and manufacturing process, which eventually could reduce the costs associated with a battery by over 50%.\nThere has been little in the way of updates as to how that battery effort is moving along since then.\nMusk is also hoping the new vehicle, which has been unofficially dubbed the \"Model 2\", will be fully autonomous. “Do we want to have this car come with a steering wheel and pedals?” Musk reportedly asked his employees, suggesting the vehicle may not need them.\nRenderings show it as a compact style hatchback.\nLast year, Tesla disclosed plans to establish a research and development center in China to help build a \"Chinese style\" electric vehicle, which may wind up being similar, or the same, as the proposed \"Model 2\".\nSources told electrekproduction could start as soon as 2023. We'll take the \"over\" on that timeline, as usual, when it comes to matters of Musk's promises. The report concluded by stating that the company's progress on Full Self Driving will dictate whether or not the Model 2 will be autonomous. With that being the case, not only do we think proposed goals about the timeline are likely misguided, but we're not holding out hope for autonomy, either.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1074,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126116347,"gmtCreate":1624547307289,"gmtModify":1631884323341,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"title":"","htmlText":"Hope so","listText":"Hope so","text":"Hope so","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/126116347","repostId":"1186919064","repostType":2,"isVote":1,"tweetType":1,"viewCount":584,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181651985,"gmtCreate":1623391911847,"gmtModify":1634033823805,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"title":"","htmlText":"Nice[强]&nbsp;","listText":"Nice[强]&nbsp;","text":"Nice[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/181651985","repostId":"1138970454","repostType":2,"isVote":1,"tweetType":1,"viewCount":916,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":111133894,"gmtCreate":1622658834518,"gmtModify":1634099470492,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"title":"","htmlText":"Wow...","listText":"Wow...","text":"Wow...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/111133894","repostId":"1107834073","repostType":2,"isVote":1,"tweetType":1,"viewCount":1384,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885431808,"gmtCreate":1631809294804,"gmtModify":1631889356808,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/885431808","repostId":"1168707929","repostType":4,"repost":{"id":"1168707929","kind":"news","pubTimestamp":1631802521,"share":"https://www.laohunote.com/m/news/1168707929?lang=zh_CN&edition=full","pubTime":"2021-09-16 22:28","market":"us","language":"en","title":"Amazon Is Doing It. So Is Walmart. Why Retail Loves ‘Buy Now, Pay Later.’<blockquote>亚马逊正在做这件事。沃尔玛也是。为什么零售业喜欢 “先买后付”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1168707929","media":"The Wall Street Journal","summary":"Retailers big and small are using installment plans to wring more sales out of shoppers who can’t ge","content":"<p>Retailers big and small are using installment plans to wring more sales out of shoppers who can’t get credit cards</p><p><blockquote>大大小小的零售商都在使用分期付款计划，从无法获得信用卡的购物者那里榨取更多销售额</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/108a4007d95b3e93e4d3fe6d678d8339\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\"><span>Shoppers spend more at Macy’s when they use installment plans offered through Klarna Bank, Macy’s CEO Jeff Gennette said on a recent earnings call.</span></p><p><blockquote><p class=\"t-img-caption\"><span>梅西百货首席执行官杰夫-根内特（Jeff Gennette）在最近的一次财报看涨期权上说，购物者在使用 Klarna 银行提供的分期付款计划时，在梅西百货的消费会更多。</span></p></blockquote></p><p> Alexis Luedtke got her first “buy now, pay later” plan in 2019 after she was rejected for a credit card. She has used at least five more since to buy face cream, T-shirts and birthday gifts.</p><p><blockquote>2019 年，Alexis Luedtke 在申请信用卡被拒后，获得了她的第一个 “先买后付 ”计划。从那以后，她至少又用了五个钱来买面霜、T恤和生日礼物。</blockquote></p><p> Installment plans are back&nbsp;in style.PayPal Holdings&nbsp;Inc.&nbsp;last week&nbsp;said it was buying Japanese installment payment startup&nbsp;Paidy Inc., following Square Inc.’s&nbsp;$29 billion deal&nbsp;for&nbsp;Afterpay&nbsp;Ltd.Macy’s&nbsp;Inc.&nbsp;and&nbsp;Bed Bath &amp; Beyond&nbsp;Inc.&nbsp;have added the option at checkout over the past year. Even&nbsp;Amazon.com&nbsp;Inc.&nbsp;is doing it.</p><p><blockquote>PayPal Holdings Inc. 继 Square Inc. 以 290 亿美元收购 Afterpay Ltd. 之后，PayPal Holdings Inc. 和 Bed Bath &amp; Beyond Inc.甚至亚马逊公司也在这么做。</blockquote></p><p> One reason: shoppers like Ms. Luedtke who don’t qualify for credit cards. Buy-now-pay-later companies say they rely less on—and in some cases bypass altogether—traditional credit scores and reports. Doing so allows them to approve more consumers. Shoppers gain the ability to buy things even without cash on hand—translating to higher sales for retailers.</p><p><blockquote>原因之一： 像 Luedtke 女士这样没有资格使用信用卡的购物者。先买后付的公司表示，他们较少依赖传统信用评分和报告，在某些情况下甚至完全绕过传统信用评分和报告。这样做可以让他们认可更多的消费者。即使手头没有现金，购物者也能购买商品，这意味着零售商的销售额会更高。</blockquote></p><p> Afterpay said it expects the company’s U.S. merchants will see an $8.2 billion increase in sales this year because of payment plans.Affirm Holdings&nbsp;Inc.&nbsp;last year said purchases made with its payment plans were 85% larger, on average.</p><p><blockquote>Affirm Holdings Inc. Affirm Holdings Inc. Affirm Holdings Inc.</blockquote></p><p> Shoppers spend more at Macy’s when they use installment plans offered through Klarna Bank AB, Macy’s CEO Jeff Gennette said on a recent earnings call. Klarna also is helping the retailer attract younger customers, he said.</p><p><blockquote>梅西百货首席执行官杰夫-根内特（Jeff Gennette）在最近的一次财报看涨期权上说，购物者在使用 Klarna Bank AB 提供的分期付款计划时，在梅西百货的消费会更多。他说，Klarna 还在帮助零售商吸引年轻顾客。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/40620bab35c446816da175fb2334c05e\" tg-width=\"435\" tg-height=\"562\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> “The value that most retailers see in buy now, pay later is customer acquisition,” said David Sykes, Klarna’s North America head.</p><p><blockquote>“Klarna 北美负责人 David Sykes 说：”大多数零售商在“先买后付”中看到的价值是客户获取。</blockquote></p><p> Ms. Luedtke, 26, has credit cards now but still prefers installment plans. Just last month, she used them to buy about $40 of Peter Thomas Roth skin-care products and $65 in clothing from Shein.</p><p><blockquote>26岁的Luedtke女士现在有信用卡，但仍然更喜欢分期付款计划。就在上个月，她用它们从Shein购买了价值约40美元的Peter Thomas Roth护肤品和65美元的衣服。</blockquote></p><p> “It definitely influences how much more I buy or would spend,” she said. “It’s easier to pay $200 over so many weeks compared to $200 right now.”</p><p><blockquote>“她说：”这肯定会影响我多买多少或多花多少钱。“与现在的 200 美元相比，在这么多周内支付 200 美元要容易得多”。</blockquote></p><p> Buy now, pay later is a new twist on an old idea. Big retailers have for decades offered installment plans for big-ticket items like washing machines. Today, these plans come in a variety of flavors. Afterpay offers payment plans that shoppers usually attach to their debit cards. Others, like Affirm, also facilitate new loans.</p><p><blockquote>先买后付是对旧观念的新改动。几十年来，大型零售商一直为洗衣机等大件商品提供分期付款计划。如今，这些计划有多种口味。Afterpay 提供购物者通常附在借记卡上的付款计划。其他公司，如 Affirm，也为新贷款提供便利。</blockquote></p><p> Interest rates and other terms vary by payment-plan provider. Affirm interest rates range from 0% to 30%, with some 43% of its transactions during its last fiscal year not charging interest at all. The company doesn’t charge late fees. Afterpay doesn’t charge interest but does collect late fees.</p><p><blockquote>利率和其他条款因付款计划提供商而异。Affirm 的利率范围为 0% 至 30%，上一财年约有 43% 的交易根本不收取利息。公司不收取滞纳金。Afterpay 不收取利息，但收取滞纳金。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/223a1da79b30869fc443b06f41a959eb\" tg-width=\"441\" tg-height=\"556\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Merchants take no credit risk with these plans, but the fees they incur can be higher than on credit-card purchases—often between 3% and 5% of the purchase price, according to people familiar with the matter.</p><p><blockquote>据知情人士透露，商家不承担这些计划的信用风险，但他们产生的费用可能高于信用卡购买，通常在购买价格的 3% 至 5% 之间。</blockquote></p><p> Buy-now-pay-later companies say they can approve more customers than banks, including people who have thin or no borrowing history. Some 53 million adults in the U.S. lack traditional credit scores, according to FICO score creator&nbsp;Fair Isaac&nbsp;Corp.Installment plans are safer, they say, because they are often smaller than credit-card spending limits and approved on a per-transaction basis.</p><p><blockquote>先买后付的公司表示，他们可以批准比银行更多的客户，包括借款记录很少或没有借款记录的人。据 FICO 评分创建者 Fair Isaac Corp. 称，美国约有 5300 万成年人缺乏传统信用评分。他们表示，分期付款计划更安全，因为它们通常小于信用卡消费限额，并且是按每笔交易批准的。</blockquote></p><p> Affirm said that it had a net charge-off rate of 1% in the quarter ended June 30, down from 2% a year earlier. Afterpay said it wrote off 0.6% of the total dollars it processed in payments during the company’s fiscal year ended June 30, up from 0.4% the year prior.</p><p><blockquote>Affirm 表示，截至 6 月 30 日的季度，其净冲销率为 1%，低于去年同期的 2%。Afterpay 表示，在截至 6 月 30 日的财年中，该公司注销了支付总额的 0.6%，高于上一年的 0.4%。</blockquote></p><p> Working with a web of retailers, buy-now-pay-later companies can create self-contained payment ecosystems. They factor payment behavior into future underwriting decisions. Customers who pay late or not at all risk losing the installment option at other participating retailers.</p><p><blockquote>通过与零售商网络合作，先买后付的公司可以创建独立的支付生态系统。他们将支付行为纳入未来的承保决策。延迟付款或根本不付款的客户可能会失去其他参与零售商的分期付款选项。</blockquote></p><p> “Most merchants want a partner who has real advantage and real ability to underwrite,” said Affirm CEO Max Levchin. “These are not deeper approvals, but they are different approvals.”</p><p><blockquote>“Affirm 首席执行官马克斯-列夫钦（Max Levchin）说：”大多数商家都希望合作伙伴具有真正的优势和真正的承保能力。“这些不是更深层次的认可，但却是不同的认可”。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f0a5ab7e1c7d6de154b68c230f13b49\" tg-width=\"1050\" tg-height=\"700\" width=\"100%\" height=\"auto\"><span>Affirm facilitates new loans among other payment plans.</span></p><p><blockquote><p class=\"t-img-caption\"><span>Affirm 在其他付款计划中促进新贷款。</span></p></blockquote></p><p></p><p> Amazon&nbsp;and&nbsp;Walmart&nbsp;Inc.&nbsp;are both working with Affirm. Both have said they want their financial partners to extend credit to more of their customers.</p><p><blockquote>亚马逊和沃尔玛公司都在与Affirm合作。两家公司都表示，他们希望他们的金融合作伙伴向更多客户提供信贷。</blockquote></p><p> Amazon is reviewing proposals, as it weighs whether to replace its longtime card issuer, JPMorgan Chase &amp; Co. Amazon is looking for “commitments to underwrite competitively to widen the acquisition funnel,” the retailer said in a request for proposals reviewed by The Wall Street Journal.</p><p><blockquote>亚马逊正在审查提案，因为它正在权衡是否更换其长期发卡机构摩根大通公司。亚马逊正在寻求 “有竞争力的承保承诺，以拓宽收购渠道”，该零售商在接受《华尔街日报》审查的征求建议书中表示。</blockquote></p><p> A desire to boost loan approvals was among the reasons Walmart in 2018 decided to end its decadeslong credit-card partnership with&nbsp;Synchrony Financial.(Capital One Financial Corp. now issues Walmart-branded credit cards.) The retailer made Affirm loans available to most of its customers the following year.</p><p><blockquote>提高贷款审批的愿望是沃尔玛在 2018 年决定终止与 Synchrony Financial 长达数十年的信用卡合作伙伴关系的原因之一。（第一资本金融公司现在发行沃尔玛品牌的信用卡。）该零售商第二年向大多数客户提供了 Affirm 贷款。</blockquote></p><p> “Our goal is financial inclusion for all,” said Julia Unger, Walmart’s vice president of financial services.</p><p><blockquote>“沃尔玛金融服务副总裁朱莉娅-昂格尔（Julia Unger）说：”我们的目标是实现所有人的金融普惠。</blockquote></p><p> Some banks now offer installment options on their credit cards.Citigroup&nbsp;Inc.&nbsp;saw a sevenfold increase in the dollar amount of credit-card purchases converted to installment loans in July, compared with the same month a year prior, said Gonzalo Luchetti, head of Citigroup’s U.S. consumer bank.</p><p><blockquote>花旗集团美国消费者银行负责人冈萨洛-卢切蒂（Gonzalo Luchetti）表示，花旗集团（Citigroup Inc.）7 月份转换为分期贷款的信用卡消费金额比去年同期增长了七倍。</blockquote></p><p> Synchrony, the largest U.S. store-credit-card issuer, will launch a buy-now, pay-later plan in October. Capital One will test out its own offering later this year, CEO Richard Fairbank said at a conference Monday.</p><p><blockquote>美国最大的商店信用卡发行商 Synchrony 将于 10 月份推出先买后付计划。Capital One 首席执行官理查德·费尔班克 (Richard Fairbank) 在周一的一次会议上表示，Capital One 将在今年晚些时候测试自己的产品。</blockquote></p><p> Wells Fargo &amp; Co. and&nbsp;Bank of America&nbsp;Corp.&nbsp;are exploring adding installment plans on their credit cards, according to people familiar with the matter.Visa&nbsp;Inc.&nbsp;said it has been testing out ways for shoppers to check if they qualify for installment plans when they enter their card numbers at checkout.</p><p><blockquote>据知情人士透露，富国银行 (Wells Fargo &amp; Co.) 和美国银行 (Bank of America Corp.) 正在探索在信用卡上添加分期付款计划。 Visa Inc. 表示，它一直在测试购物者在结账时输入卡号时检查自己是否符合分期付款计划的方法。</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>Amazon Is Doing It. So Is Walmart. Why Retail Loves ‘Buy Now, Pay Later.’<blockquote>亚马逊正在做这件事。沃尔玛也是。为什么零售业喜欢 “先买后付”</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\">\nAmazon Is Doing It. So Is Walmart. Why Retail Loves ‘Buy Now, Pay Later.’<blockquote>亚马逊正在做这件事。沃尔玛也是。为什么零售业喜欢 “先买后付”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-09-16 22:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Retailers big and small are using installment plans to wring more sales out of shoppers who can’t get credit cards</p><p><blockquote>大大小小的零售商都在使用分期付款计划，从无法获得信用卡的购物者那里榨取更多销售额</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/108a4007d95b3e93e4d3fe6d678d8339\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\"><span>Shoppers spend more at Macy’s when they use installment plans offered through Klarna Bank, Macy’s CEO Jeff Gennette said on a recent earnings call.</span></p><p><blockquote><p class=\"t-img-caption\"><span>梅西百货首席执行官杰夫-根内特（Jeff Gennette）在最近的一次财报看涨期权上说，购物者在使用 Klarna 银行提供的分期付款计划时，在梅西百货的消费会更多。</span></p></blockquote></p><p> Alexis Luedtke got her first “buy now, pay later” plan in 2019 after she was rejected for a credit card. She has used at least five more since to buy face cream, T-shirts and birthday gifts.</p><p><blockquote>2019 年，Alexis Luedtke 在申请信用卡被拒后，获得了她的第一个 “先买后付 ”计划。从那以后，她至少又用了五个钱来买面霜、T恤和生日礼物。</blockquote></p><p> Installment plans are back&nbsp;in style.PayPal Holdings&nbsp;Inc.&nbsp;last week&nbsp;said it was buying Japanese installment payment startup&nbsp;Paidy Inc., following Square Inc.’s&nbsp;$29 billion deal&nbsp;for&nbsp;Afterpay&nbsp;Ltd.Macy’s&nbsp;Inc.&nbsp;and&nbsp;Bed Bath &amp; Beyond&nbsp;Inc.&nbsp;have added the option at checkout over the past year. Even&nbsp;Amazon.com&nbsp;Inc.&nbsp;is doing it.</p><p><blockquote>PayPal Holdings Inc. 继 Square Inc. 以 290 亿美元收购 Afterpay Ltd. 之后，PayPal Holdings Inc. 和 Bed Bath &amp; Beyond Inc.甚至亚马逊公司也在这么做。</blockquote></p><p> One reason: shoppers like Ms. Luedtke who don’t qualify for credit cards. Buy-now-pay-later companies say they rely less on—and in some cases bypass altogether—traditional credit scores and reports. Doing so allows them to approve more consumers. Shoppers gain the ability to buy things even without cash on hand—translating to higher sales for retailers.</p><p><blockquote>原因之一： 像 Luedtke 女士这样没有资格使用信用卡的购物者。先买后付的公司表示，他们较少依赖传统信用评分和报告，在某些情况下甚至完全绕过传统信用评分和报告。这样做可以让他们认可更多的消费者。即使手头没有现金，购物者也能购买商品，这意味着零售商的销售额会更高。</blockquote></p><p> Afterpay said it expects the company’s U.S. merchants will see an $8.2 billion increase in sales this year because of payment plans.Affirm Holdings&nbsp;Inc.&nbsp;last year said purchases made with its payment plans were 85% larger, on average.</p><p><blockquote>Affirm Holdings Inc. Affirm Holdings Inc. Affirm Holdings Inc.</blockquote></p><p> Shoppers spend more at Macy’s when they use installment plans offered through Klarna Bank AB, Macy’s CEO Jeff Gennette said on a recent earnings call. Klarna also is helping the retailer attract younger customers, he said.</p><p><blockquote>梅西百货首席执行官杰夫-根内特（Jeff Gennette）在最近的一次财报看涨期权上说，购物者在使用 Klarna Bank AB 提供的分期付款计划时，在梅西百货的消费会更多。他说，Klarna 还在帮助零售商吸引年轻顾客。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/40620bab35c446816da175fb2334c05e\" tg-width=\"435\" tg-height=\"562\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> “The value that most retailers see in buy now, pay later is customer acquisition,” said David Sykes, Klarna’s North America head.</p><p><blockquote>“Klarna 北美负责人 David Sykes 说：”大多数零售商在“先买后付”中看到的价值是客户获取。</blockquote></p><p> Ms. Luedtke, 26, has credit cards now but still prefers installment plans. Just last month, she used them to buy about $40 of Peter Thomas Roth skin-care products and $65 in clothing from Shein.</p><p><blockquote>26岁的Luedtke女士现在有信用卡，但仍然更喜欢分期付款计划。就在上个月，她用它们从Shein购买了价值约40美元的Peter Thomas Roth护肤品和65美元的衣服。</blockquote></p><p> “It definitely influences how much more I buy or would spend,” she said. “It’s easier to pay $200 over so many weeks compared to $200 right now.”</p><p><blockquote>“她说：”这肯定会影响我多买多少或多花多少钱。“与现在的 200 美元相比，在这么多周内支付 200 美元要容易得多”。</blockquote></p><p> Buy now, pay later is a new twist on an old idea. Big retailers have for decades offered installment plans for big-ticket items like washing machines. Today, these plans come in a variety of flavors. Afterpay offers payment plans that shoppers usually attach to their debit cards. Others, like Affirm, also facilitate new loans.</p><p><blockquote>先买后付是对旧观念的新改动。几十年来，大型零售商一直为洗衣机等大件商品提供分期付款计划。如今，这些计划有多种口味。Afterpay 提供购物者通常附在借记卡上的付款计划。其他公司，如 Affirm，也为新贷款提供便利。</blockquote></p><p> Interest rates and other terms vary by payment-plan provider. Affirm interest rates range from 0% to 30%, with some 43% of its transactions during its last fiscal year not charging interest at all. The company doesn’t charge late fees. Afterpay doesn’t charge interest but does collect late fees.</p><p><blockquote>利率和其他条款因付款计划提供商而异。Affirm 的利率范围为 0% 至 30%，上一财年约有 43% 的交易根本不收取利息。公司不收取滞纳金。Afterpay 不收取利息，但收取滞纳金。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/223a1da79b30869fc443b06f41a959eb\" tg-width=\"441\" tg-height=\"556\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Merchants take no credit risk with these plans, but the fees they incur can be higher than on credit-card purchases—often between 3% and 5% of the purchase price, according to people familiar with the matter.</p><p><blockquote>据知情人士透露，商家不承担这些计划的信用风险，但他们产生的费用可能高于信用卡购买，通常在购买价格的 3% 至 5% 之间。</blockquote></p><p> Buy-now-pay-later companies say they can approve more customers than banks, including people who have thin or no borrowing history. Some 53 million adults in the U.S. lack traditional credit scores, according to FICO score creator&nbsp;Fair Isaac&nbsp;Corp.Installment plans are safer, they say, because they are often smaller than credit-card spending limits and approved on a per-transaction basis.</p><p><blockquote>先买后付的公司表示，他们可以批准比银行更多的客户，包括借款记录很少或没有借款记录的人。据 FICO 评分创建者 Fair Isaac Corp. 称，美国约有 5300 万成年人缺乏传统信用评分。他们表示，分期付款计划更安全，因为它们通常小于信用卡消费限额，并且是按每笔交易批准的。</blockquote></p><p> Affirm said that it had a net charge-off rate of 1% in the quarter ended June 30, down from 2% a year earlier. Afterpay said it wrote off 0.6% of the total dollars it processed in payments during the company’s fiscal year ended June 30, up from 0.4% the year prior.</p><p><blockquote>Affirm 表示，截至 6 月 30 日的季度，其净冲销率为 1%，低于去年同期的 2%。Afterpay 表示，在截至 6 月 30 日的财年中，该公司注销了支付总额的 0.6%，高于上一年的 0.4%。</blockquote></p><p> Working with a web of retailers, buy-now-pay-later companies can create self-contained payment ecosystems. They factor payment behavior into future underwriting decisions. Customers who pay late or not at all risk losing the installment option at other participating retailers.</p><p><blockquote>通过与零售商网络合作，先买后付的公司可以创建独立的支付生态系统。他们将支付行为纳入未来的承保决策。延迟付款或根本不付款的客户可能会失去其他参与零售商的分期付款选项。</blockquote></p><p> “Most merchants want a partner who has real advantage and real ability to underwrite,” said Affirm CEO Max Levchin. “These are not deeper approvals, but they are different approvals.”</p><p><blockquote>“Affirm 首席执行官马克斯-列夫钦（Max Levchin）说：”大多数商家都希望合作伙伴具有真正的优势和真正的承保能力。“这些不是更深层次的认可，但却是不同的认可”。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f0a5ab7e1c7d6de154b68c230f13b49\" tg-width=\"1050\" tg-height=\"700\" width=\"100%\" height=\"auto\"><span>Affirm facilitates new loans among other payment plans.</span></p><p><blockquote><p class=\"t-img-caption\"><span>Affirm 在其他付款计划中促进新贷款。</span></p></blockquote></p><p></p><p> Amazon&nbsp;and&nbsp;Walmart&nbsp;Inc.&nbsp;are both working with Affirm. Both have said they want their financial partners to extend credit to more of their customers.</p><p><blockquote>亚马逊和沃尔玛公司都在与Affirm合作。两家公司都表示，他们希望他们的金融合作伙伴向更多客户提供信贷。</blockquote></p><p> Amazon is reviewing proposals, as it weighs whether to replace its longtime card issuer, JPMorgan Chase &amp; Co. Amazon is looking for “commitments to underwrite competitively to widen the acquisition funnel,” the retailer said in a request for proposals reviewed by The Wall Street Journal.</p><p><blockquote>亚马逊正在审查提案，因为它正在权衡是否更换其长期发卡机构摩根大通公司。亚马逊正在寻求 “有竞争力的承保承诺，以拓宽收购渠道”，该零售商在接受《华尔街日报》审查的征求建议书中表示。</blockquote></p><p> A desire to boost loan approvals was among the reasons Walmart in 2018 decided to end its decadeslong credit-card partnership with&nbsp;Synchrony Financial.(Capital One Financial Corp. now issues Walmart-branded credit cards.) The retailer made Affirm loans available to most of its customers the following year.</p><p><blockquote>提高贷款审批的愿望是沃尔玛在 2018 年决定终止与 Synchrony Financial 长达数十年的信用卡合作伙伴关系的原因之一。（第一资本金融公司现在发行沃尔玛品牌的信用卡。）该零售商第二年向大多数客户提供了 Affirm 贷款。</blockquote></p><p> “Our goal is financial inclusion for all,” said Julia Unger, Walmart’s vice president of financial services.</p><p><blockquote>“沃尔玛金融服务副总裁朱莉娅-昂格尔（Julia Unger）说：”我们的目标是实现所有人的金融普惠。</blockquote></p><p> Some banks now offer installment options on their credit cards.Citigroup&nbsp;Inc.&nbsp;saw a sevenfold increase in the dollar amount of credit-card purchases converted to installment loans in July, compared with the same month a year prior, said Gonzalo Luchetti, head of Citigroup’s U.S. consumer bank.</p><p><blockquote>花旗集团美国消费者银行负责人冈萨洛-卢切蒂（Gonzalo Luchetti）表示，花旗集团（Citigroup Inc.）7 月份转换为分期贷款的信用卡消费金额比去年同期增长了七倍。</blockquote></p><p> Synchrony, the largest U.S. store-credit-card issuer, will launch a buy-now, pay-later plan in October. Capital One will test out its own offering later this year, CEO Richard Fairbank said at a conference Monday.</p><p><blockquote>美国最大的商店信用卡发行商 Synchrony 将于 10 月份推出先买后付计划。Capital One 首席执行官理查德·费尔班克 (Richard Fairbank) 在周一的一次会议上表示，Capital One 将在今年晚些时候测试自己的产品。</blockquote></p><p> Wells Fargo &amp; Co. and&nbsp;Bank of America&nbsp;Corp.&nbsp;are exploring adding installment plans on their credit cards, according to people familiar with the matter.Visa&nbsp;Inc.&nbsp;said it has been testing out ways for shoppers to check if they qualify for installment plans when they enter their card numbers at checkout.</p><p><blockquote>据知情人士透露，富国银行 (Wells Fargo &amp; Co.) 和美国银行 (Bank of America Corp.) 正在探索在信用卡上添加分期付款计划。 Visa Inc. 表示，它一直在测试购物者在结账时输入卡号时检查自己是否符合分期付款计划的方法。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/amazon-is-doing-it-so-is-walmart-why-retail-loves-buy-now-pay-later-11631784601?mod=hp_lead_pos10\">The Wall Street Journal</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":{"AFRM":"Affirm Holdings, Inc.","PYPL":"PayPal","AMZN":"亚马逊","V":"Visa","WMT":"沃尔玛","M":"梅西百货"},"source_url":"https://www.wsj.com/articles/amazon-is-doing-it-so-is-walmart-why-retail-loves-buy-now-pay-later-11631784601?mod=hp_lead_pos10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168707929","content_text":"Retailers big and small are using installment plans to wring more sales out of shoppers who can’t get credit cards\nShoppers spend more at Macy’s when they use installment plans offered through Klarna Bank, Macy’s CEO Jeff Gennette said on a recent earnings call.\nAlexis Luedtke got her first “buy now, pay later” plan in 2019 after she was rejected for a credit card. She has used at least five more since to buy face cream, T-shirts and birthday gifts.\nInstallment plans are back in style.PayPal Holdings Inc. last week said it was buying Japanese installment payment startup Paidy Inc., following Square Inc.’s $29 billion deal for Afterpay Ltd.Macy’s Inc. and Bed Bath & Beyond Inc. have added the option at checkout over the past year. Even Amazon.com Inc. is doing it.\nOne reason: shoppers like Ms. Luedtke who don’t qualify for credit cards. Buy-now-pay-later companies say they rely less on—and in some cases bypass altogether—traditional credit scores and reports. Doing so allows them to approve more consumers. Shoppers gain the ability to buy things even without cash on hand—translating to higher sales for retailers.\nAfterpay said it expects the company’s U.S. merchants will see an $8.2 billion increase in sales this year because of payment plans.Affirm Holdings Inc. last year said purchases made with its payment plans were 85% larger, on average.\nShoppers spend more at Macy’s when they use installment plans offered through Klarna Bank AB, Macy’s CEO Jeff Gennette said on a recent earnings call. Klarna also is helping the retailer attract younger customers, he said.\n\n“The value that most retailers see in buy now, pay later is customer acquisition,” said David Sykes, Klarna’s North America head.\nMs. Luedtke, 26, has credit cards now but still prefers installment plans. Just last month, she used them to buy about $40 of Peter Thomas Roth skin-care products and $65 in clothing from Shein.\n“It definitely influences how much more I buy or would spend,” she said. “It’s easier to pay $200 over so many weeks compared to $200 right now.”\nBuy now, pay later is a new twist on an old idea. Big retailers have for decades offered installment plans for big-ticket items like washing machines. Today, these plans come in a variety of flavors. Afterpay offers payment plans that shoppers usually attach to their debit cards. Others, like Affirm, also facilitate new loans.\nInterest rates and other terms vary by payment-plan provider. Affirm interest rates range from 0% to 30%, with some 43% of its transactions during its last fiscal year not charging interest at all. The company doesn’t charge late fees. Afterpay doesn’t charge interest but does collect late fees.\n\nMerchants take no credit risk with these plans, but the fees they incur can be higher than on credit-card purchases—often between 3% and 5% of the purchase price, according to people familiar with the matter.\nBuy-now-pay-later companies say they can approve more customers than banks, including people who have thin or no borrowing history. Some 53 million adults in the U.S. lack traditional credit scores, according to FICO score creator Fair Isaac Corp.Installment plans are safer, they say, because they are often smaller than credit-card spending limits and approved on a per-transaction basis.\nAffirm said that it had a net charge-off rate of 1% in the quarter ended June 30, down from 2% a year earlier. Afterpay said it wrote off 0.6% of the total dollars it processed in payments during the company’s fiscal year ended June 30, up from 0.4% the year prior.\nWorking with a web of retailers, buy-now-pay-later companies can create self-contained payment ecosystems. They factor payment behavior into future underwriting decisions. Customers who pay late or not at all risk losing the installment option at other participating retailers.\n“Most merchants want a partner who has real advantage and real ability to underwrite,” said Affirm CEO Max Levchin. “These are not deeper approvals, but they are different approvals.”\nAffirm facilitates new loans among other payment plans.\nAmazon and Walmart Inc. are both working with Affirm. Both have said they want their financial partners to extend credit to more of their customers.\nAmazon is reviewing proposals, as it weighs whether to replace its longtime card issuer, JPMorgan Chase & Co. Amazon is looking for “commitments to underwrite competitively to widen the acquisition funnel,” the retailer said in a request for proposals reviewed by The Wall Street Journal.\nA desire to boost loan approvals was among the reasons Walmart in 2018 decided to end its decadeslong credit-card partnership with Synchrony Financial.(Capital One Financial Corp. now issues Walmart-branded credit cards.) The retailer made Affirm loans available to most of its customers the following year.\n“Our goal is financial inclusion for all,” said Julia Unger, Walmart’s vice president of financial services.\nSome banks now offer installment options on their credit cards.Citigroup Inc. saw a sevenfold increase in the dollar amount of credit-card purchases converted to installment loans in July, compared with the same month a year prior, said Gonzalo Luchetti, head of Citigroup’s U.S. consumer bank.\nSynchrony, the largest U.S. store-credit-card issuer, will launch a buy-now, pay-later plan in October. Capital One will test out its own offering later this year, CEO Richard Fairbank said at a conference Monday.\nWells Fargo & Co. and Bank of America Corp. are exploring adding installment plans on their credit cards, according to people familiar with the matter.Visa Inc. said it has been testing out ways for shoppers to check if they qualify for installment plans when they enter their card numbers at checkout.","news_type":1,"symbols_score_info":{"PYPL":0.9,"V":0.9,"WMT":0.9,"AMZN":0.9,"M":0.9,"AFRM":0.9,"SQ":0.9}},"isVote":1,"tweetType":1,"viewCount":1252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808676330,"gmtCreate":1627579243620,"gmtModify":1631889356905,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"themes":[],"title":"","htmlText":"&nbsp; Like","listText":"&nbsp; Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/808676330","repostId":"1131907757","repostType":4,"isVote":1,"tweetType":1,"viewCount":1162,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}