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GabrielWoon

GabrielWoon

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2021-04-29

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Apple reports another blowout quarter with sales up 54%, authorizes $90 billion in share buybacks<blockquote>苹果报告另一个井喷季度销售额增长 54%，授权回购 900 亿美元股票</blockquote>

2021-04-27

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Tesla posts record net income of $438 million, revenue surges by 74%<blockquote>特斯拉净利润创历史新高 4.38 亿美元，收入激增 74%</blockquote>

2021-04-25

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2021-04-24

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2021-04-24

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Dow rebounds 200 points led by banks and tech as market shrugs off higher tax fears<blockquote>由于市场对更高的税收担忧不屑一顾，道琼斯指数在银行和科技股的带领下反弹 200 点</blockquote>

2021-04-23

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2021-04-22

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2021-04-21

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2021-04-20

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IPO Preview: UiPath Inc, KnowBe4, Zymergen, Latham Holdings Highlight Busy Week Of Offerings<blockquote>IPO 预览：UiPath Inc、KnowBe4、Zymergen、Latham Holdings 强调繁忙的一周发行</blockquote>

2021-04-19

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"Stunning Divergence": Latest Bank Data Reveals Something Is Terminally Broken In The Financial System<blockquote>“惊人的分歧”：最新银行数据揭示金融体系中的某些东西已经彻底崩溃</blockquote>

2021-04-17

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2021-04-15

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2021-04-14

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KKR Sparks Bidding War For Toshiba Amid "Civil War" Among Tech Giant's Board Members<blockquote>在科技巨头董事会成员之间的“内战”中，KKR 引发了东芝的竞购战</blockquote>

2021-04-13

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2021-04-12

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JPMorgan Chase, Nvidia, Goldman Sachs, Coinbase, and Other Stocks for Investors to Watch This Week<blockquote>摩根大通、英伟达、高盛、比特币基地和其他投资者本周值得关注的股票</blockquote>

2021-04-10

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2021-04-09

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America's economy could be heading for a golden era of growth. But risks remain<blockquote>美国经济可能正在走向增长的黄金时代。但风险依然存在</blockquote>

2021-04-08

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2021-04-07

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2021-04-06

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Tesla’s Delivery Numbers Looked Great. Here’s What Wall Street Thinks.<blockquote>特斯拉的送货数据看起来不错。以下是华尔街的看法。</blockquote>

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and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/109196885","repostId":"1137964402","repostType":4,"repost":{"id":"1137964402","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":1619651546,"share":"https://www.laohunote.com/m/news/1137964402?lang=zh_CN&edition=full","pubTime":"2021-04-29 07:12","market":"us","language":"en","title":"Apple reports another blowout quarter with sales up 54%, authorizes $90 billion in share buybacks<blockquote>苹果报告另一个井喷季度销售额增长 54%，授权回购 900 亿美元股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137964402","media":"Tiger Newspress","summary":"Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and significantly stronger profits than Wall Street expected.Apple did not issue official guidance for what it expects in the quarter ending in June.Apple authorized $90 billion in share buybacks.Apple stock rose over 4% at one point in extended trading.Apple reported double-digit growth in every single one of its product categories, and its most important product line, the iPhone, was up 65","content":"<p><b>KEY POINTS</b></p><p><blockquote><b>要点</b></blockquote></p><p><ul><li>Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and&nbsp;significantly stronger profits than Wall Street expected.</li><li>Apple did not issue official guidance for what it expects in the quarter ending in June.</li><li>Apple authorized $90 billion in share buybacks.</li></ul>Apple&nbsp;reported&nbsp;a blowout quarter&nbsp;on Wednesday, announcing companywide sales up 54% higher than last year, and&nbsp;significantly stronger profits than Wall Street expected.</p><p><blockquote><ul><li>苹果周三公布了一个井喷的季度，宣布全公司销售额比去年增长 54%，利润明显强于华尔街预期。</li><li>苹果没有就截至 6 月份的季度预期发布官方指引。</li><li>苹果授权900亿美元股票回购。</li></ul>苹果周三公布了一个井喷的季度，宣布全公司销售额比去年增长 54%，利润明显强于华尔街预期。</blockquote></p><p>Apple stock rose over 4% at one point in extended trading.</p><p><blockquote>苹果股价在盘后交易中一度上涨超过 4%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4e791f63f460807906f1793c2d58933e\" tg-width=\"1302\" tg-height=\"833\"></p><p><blockquote></blockquote></p><p>Apple reported double-digit growth in every single one of its product categories, and its&nbsp;most important product line, the iPhone, was up 65.5% from last year. Its Mac and iPad sales&nbsp;did&nbsp;better, with its computers up 70.1% and iPad&nbsp;sales&nbsp;growing nearly 79% on an annual basis.</p><p><blockquote>苹果报告称，其每个产品类别都实现了两位数的增长，其最重要的产品线 iPhone 比去年增长了 65.5%。其 Mac 和 iPad 销量表现更好，电脑销量同比增长 70.1%，iPad 销量同比增长近 79%。</blockquote></p><p>Apple said it would increase its dividend by 7%&nbsp;to $0.22 per share&nbsp;and authorized $90 billion in share buybacks, which is significantly higher than last year’s $50 billion outlay&nbsp;and 2019′s $75 billion.</p><p><blockquote>苹果表示，将把股息提高 7%，达到每股 0.22 美元，并授权回购 900 亿美元的股票，大大高于去年的 500 亿美元支出和 2019 年的 750 亿美元支出。</blockquote></p><p>Here’s how Apple did versus Refinitiv estimates:</p><p><blockquote>以下是苹果的表现与路孚特的估计：</blockquote></p><p><ul><li><b>EPS</b>:&nbsp;$1.40&nbsp;vs. $0.99 estimated</li><li><b>Revenue</b>:&nbsp;$89.58&nbsp;billion&nbsp;vs. $77.36&nbsp;billion&nbsp;estimated, up 53.7% year-over-year</li><li><b>iPhone revenue</b>:&nbsp;$47.94 billion&nbsp;vs. $41.43&nbsp;billion&nbsp;estimated, up&nbsp;65.5% year-over-year</li><li><b>Services revenue</b>:&nbsp;$16.90 billion&nbsp;vs. $15.57&nbsp;billion&nbsp;estimated, up 26.7% year over&nbsp;year</li><li><b>Other Products revenue</b>:&nbsp;$7.83&nbsp;billion&nbsp;vs. $7.79&nbsp;billion&nbsp;estimated,&nbsp;up 24%&nbsp;year-over-year</li><li><b>Mac revenue</b>:&nbsp;$9.10&nbsp;billion&nbsp;vs. $6.86&nbsp;billion&nbsp;estimated, up 70.1% year-over-year</li><li><b>iPad revenue</b>:&nbsp;$7.80 billion&nbsp;vs. $5.58&nbsp;billion&nbsp;estimated, up 78.9% year-over-year</li><li><b>Gross margin</b>:&nbsp;42.5% vs. 39.8%&nbsp;estimated</li></ul>Apple did not issue official guidance for what it expects in the quarter ending in June. It hasn’t provided revenue&nbsp;guidance since the start of the pandemic, citing uncertainty.&nbsp;This is Apple’s second quarter in a row with double-digit growth in all product categories.&nbsp;Apple CFO Luca Maestri told analysts that the company expects June quarter revenue to rise by double digits year-over-year, although it faces some supply shortages due to the worldwide chip shortage.</p><p><blockquote><ul><li><b>每股收益</b>：1.40美元对比。估计 0.99 美元</li><li><b>收入</b>：895.8 亿美元 vs.预计773.6亿美元，同比增长53.7%</li><li><b>iPhone收入</b>：479.4亿美元 vs.预计414.3亿美元，同比增长65.5%</li><li><b>服务收入</b>：169.0 亿美元 vs.预计155.7亿美元，同比增长26.7%</li><li><b>其他产品收入</b>：78.3 亿美元 vs.预计77.9亿美元，同比增长24%</li><li><b>Mac收入</b>：91亿美元 vs.预计68.6亿美元，同比增长70.1%</li><li><b>iPad收入</b>：78 亿美元 vs.预计55.8亿美元，同比增长78.9%</li><li><b>毛利率</b>：42.5% vs. 估计值39.8%</li></ul>苹果没有就截至 6 月份的季度预期发布官方指引。自大流行病开始以来，该公司一直没有提供收入指引，理由是存在不确定性。这是苹果连续第二个季度所有产品类别都实现两位数增长。苹果首席财务官卢卡-马埃斯特里（Luca Maestri）告诉分析师，该公司预计 6 月份季度的收入将同比增长两位数，尽管由于全球芯片短缺，该公司面临一些供应短缺。</blockquote></p><p>Apple has said in the past months that its business has been boosted by the pandemic as consumers&nbsp;and businesses&nbsp;bought&nbsp;computers&nbsp;to work and entertain themselves while at home. But Apple’s strong results in the quarter suggest that the trend may persist as more economies&nbsp;open up.</p><p><blockquote>苹果近几个月来表示，随着消费者和企业购买电脑在家工作和娱乐，疫情提振了其业务。但苹果本季度的强劲业绩表明，随着更多经济体的开放，这一趋势可能会持续下去。</blockquote></p><p>Or, as Apple CEO Tim Cook said in a statement: “This quarter reflects both the enduring ways our products have helped our users meet this&nbsp;moment in their own lives, as well as the optimism consumers seem to feel about better days&nbsp;ahead for all of us.”</p><p><blockquote>或者，正如苹果首席执行官蒂姆-库克（Tim Cook）在一份声明中所说： “本季度既反映了我们的产品帮助用户在自己的生活中迎接这一时刻的持久方式，也反映了消费者似乎对我们所有人未来更美好的日子感到乐观”。</blockquote></p><p>Mac sales were up 70%, and Cook said that the result was “fueled by” the company’s introduction of its Mac&nbsp;laptops&nbsp;that used its own M1 chips&nbsp;for longer battery life, instead of processors sold by&nbsp;Intel.&nbsp;iPad sales were up&nbsp;nearly 79% year-over-year.</p><p><blockquote>Mac 销量增长了 70%，库克说，这一结果 “得益于 ”该公司推出的 Mac 笔记本电脑使用自己的 M1 芯片，而不是英特尔销售的处理器，从而延长了电池寿命。iPad 销量同比增长近 79%。</blockquote></p><p>Neither of those&nbsp;results&nbsp;include iPad Pro or iMac models the company announced in March, which are expected to drive additional demand.</p><p><blockquote>这些结果都不包括该公司 3 月份宣布的 iPad Pro 或 iMac 型号，预计这将推动额外需求。</blockquote></p><p>“We’re seeing strong first-time buyers on the Mac&nbsp;…&nbsp;it continues to run just south of 50%,” Cook told CNBC’s Josh Lipton. “And, in China, it’s even higher than that&nbsp;…&nbsp;it’s more around two-thirds. And that speaks to people preferring to work on the Mac.”</p><p><blockquote>“库克告诉 CNBC 的乔希-利普顿（Josh Lipton）：”我们看到 Mac 的首次购买者强劲.它的购买率继续徘徊在 50% 以下。“在中国，这一比例甚至更高.三分之二左右。这说明人们更喜欢在 Mac 上工作。”</blockquote></p><p>Apple’s iPhone also reported strong results this quarter, quelling fears that the current annual cycle could slow down. Last year, Apple released iPhones with a new exterior design and 5G support, which many investors believed could prompt a major upgrade cycle, which this quarter’s results indicate.</p><p><blockquote>苹果的 iPhone 本季度也公布了强劲的业绩，平息了人们对当前年度周期可能放缓的担忧。去年，苹果发布了采用全新外观设计和 5G 支持的 iPhone，许多投资者认为这可能会引发一次重大升级周期，本季度的业绩也表明了这一点。</blockquote></p><p>In greater China, which includes the mainland, Hong Kong, and Taiwan,&nbsp;Apple’s revenue increased over&nbsp;87% year-over-year to $17.73 billion, although the comparison is to a quarter last year in which China was largely shut down in the early days of the pandemic.&nbsp;Every other geographical category, including the Americas and Europe, were also up on an annual basis.</p><p><blockquote>在包括中国大陆、中国香港和台湾地区在内的大中华区，苹果的收入同比增长超过 87%，达到 177.3 亿美元，但与去年的一个季度相比，去年中国在大流行病初期基本上处于停摆状态。包括美洲和欧洲在内的所有其他地区的收入也同比增长。</blockquote></p><p><img src=\"https://static.tigerbbs.com/37a8b45c92174e3c9ab224d9a85f5e2d\" tg-width=\"1910\" tg-height=\"1114\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Apple’s&nbsp;high-margin&nbsp;services business, including iCloud, App Store, and subscriptions like Apple Music, also showed 26.7% growth.</p><p><blockquote>苹果的高利润服务业务，包括 iCloud、App Store 和苹果音乐等订阅服务，也实现了 26.7% 的增长。</blockquote></p><p></p><p>One metric that Apple uses to show the growth in services is the number of subscriptions it has, which not only include its own subscriptions like Apple One, but also subscriptions through its App Store.</p><p><blockquote>苹果用来显示服务增长的一个指标是其订阅数量，其中不仅包括苹果一号等自己的订阅，还包括通过其应用商店的订阅。</blockquote></p><p>“We now have over 660 million paid subscriptions across the services on the platform, and that’s up 40 million from the previous quarter, which is an acceleration from 35 million,” Cook told CNBC.</p><p><blockquote>“库克告诉 CNBC：”我们现在平台上所有服务的付费订阅量超过 6.6 亿，比上一季度增加了 4000 万，比上一季度的 3500 万有所加快。</blockquote></p><p>However, Apple’s App Store has been challenged by lawmakers and companies that say it costs too much and has too much power. A closely-watched trial with Fortnite maker Epic Games over App Store policies kicks off next week.</p><p><blockquote>然而，苹果的 App Store 一直受到立法者和公司的质疑，他们认为它成本太高，权力太大。备受关注的堡垒之夜制造商Epic Games关于应用商店政策的审判将于下周开始。</blockquote></p><p>“The App Store has been an economic miracle. Last year, the estimates are that there was over a half a trillion dollars of economic activity because of the store. And, so, this has been just an economic gamechanger for not only the United States, but several countries around the world. And, we’re going to go in and tell our story. And we’ll see where it goes. But, we’re confident,” Cook told CNBC.</p><p><blockquote>“App Store 是一个经济奇迹。据估计，去年有超过 5 万亿美元的经济活动因为 App Store 而产生。因此，这不仅改变了美国的经济游戏规则，也改变了世界上几个国家的经济游戏规则。我们将走进去讲述我们的故事。我们拭目以待。但是，我们很有信心，”库克告诉 CNBC。</blockquote></p><p>Apple’s gross margin was also unusually elevated for the company. Most quarters, it tends to be in the 38% to 39% range, but in the quarter ending in March, Apple reported 42.5% margins.</p><p><blockquote>苹果的毛利率也异常高。大多数季度，利润率往往在 38% 至 39% 之间，但在截至 3 月份的季度，苹果报告的利润率为 42.5%。</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 reports another blowout quarter with sales up 54%, authorizes $90 billion in share buybacks<blockquote>苹果报告另一个井喷季度销售额增长 54%，授权回购 900 亿美元股票</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\">\nApple reports another blowout quarter with sales up 54%, authorizes $90 billion in share buybacks<blockquote>苹果报告另一个井喷季度销售额增长 54%，授权回购 900 亿美元股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-04-29 07:12</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>KEY POINTS</b></p><p><blockquote><b>要点</b></blockquote></p><p><ul><li>Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and&nbsp;significantly stronger profits than Wall Street expected.</li><li>Apple did not issue official guidance for what it expects in the quarter ending in June.</li><li>Apple authorized $90 billion in share buybacks.</li></ul>Apple&nbsp;reported&nbsp;a blowout quarter&nbsp;on Wednesday, announcing companywide sales up 54% higher than last year, and&nbsp;significantly stronger profits than Wall Street expected.</p><p><blockquote><ul><li>苹果周三公布了一个井喷的季度，宣布全公司销售额比去年增长 54%，利润明显强于华尔街预期。</li><li>苹果没有就截至 6 月份的季度预期发布官方指引。</li><li>苹果授权900亿美元股票回购。</li></ul>苹果周三公布了一个井喷的季度，宣布全公司销售额比去年增长 54%，利润明显强于华尔街预期。</blockquote></p><p>Apple stock rose over 4% at one point in extended trading.</p><p><blockquote>苹果股价在盘后交易中一度上涨超过 4%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4e791f63f460807906f1793c2d58933e\" tg-width=\"1302\" tg-height=\"833\"></p><p><blockquote></blockquote></p><p>Apple reported double-digit growth in every single one of its product categories, and its&nbsp;most important product line, the iPhone, was up 65.5% from last year. Its Mac and iPad sales&nbsp;did&nbsp;better, with its computers up 70.1% and iPad&nbsp;sales&nbsp;growing nearly 79% on an annual basis.</p><p><blockquote>苹果报告称，其每个产品类别都实现了两位数的增长，其最重要的产品线 iPhone 比去年增长了 65.5%。其 Mac 和 iPad 销量表现更好，电脑销量同比增长 70.1%，iPad 销量同比增长近 79%。</blockquote></p><p>Apple said it would increase its dividend by 7%&nbsp;to $0.22 per share&nbsp;and authorized $90 billion in share buybacks, which is significantly higher than last year’s $50 billion outlay&nbsp;and 2019′s $75 billion.</p><p><blockquote>苹果表示，将把股息提高 7%，达到每股 0.22 美元，并授权回购 900 亿美元的股票，大大高于去年的 500 亿美元支出和 2019 年的 750 亿美元支出。</blockquote></p><p>Here’s how Apple did versus Refinitiv estimates:</p><p><blockquote>以下是苹果的表现与路孚特的估计：</blockquote></p><p><ul><li><b>EPS</b>:&nbsp;$1.40&nbsp;vs. $0.99 estimated</li><li><b>Revenue</b>:&nbsp;$89.58&nbsp;billion&nbsp;vs. $77.36&nbsp;billion&nbsp;estimated, up 53.7% year-over-year</li><li><b>iPhone revenue</b>:&nbsp;$47.94 billion&nbsp;vs. $41.43&nbsp;billion&nbsp;estimated, up&nbsp;65.5% year-over-year</li><li><b>Services revenue</b>:&nbsp;$16.90 billion&nbsp;vs. $15.57&nbsp;billion&nbsp;estimated, up 26.7% year over&nbsp;year</li><li><b>Other Products revenue</b>:&nbsp;$7.83&nbsp;billion&nbsp;vs. $7.79&nbsp;billion&nbsp;estimated,&nbsp;up 24%&nbsp;year-over-year</li><li><b>Mac revenue</b>:&nbsp;$9.10&nbsp;billion&nbsp;vs. $6.86&nbsp;billion&nbsp;estimated, up 70.1% year-over-year</li><li><b>iPad revenue</b>:&nbsp;$7.80 billion&nbsp;vs. $5.58&nbsp;billion&nbsp;estimated, up 78.9% year-over-year</li><li><b>Gross margin</b>:&nbsp;42.5% vs. 39.8%&nbsp;estimated</li></ul>Apple did not issue official guidance for what it expects in the quarter ending in June. It hasn’t provided revenue&nbsp;guidance since the start of the pandemic, citing uncertainty.&nbsp;This is Apple’s second quarter in a row with double-digit growth in all product categories.&nbsp;Apple CFO Luca Maestri told analysts that the company expects June quarter revenue to rise by double digits year-over-year, although it faces some supply shortages due to the worldwide chip shortage.</p><p><blockquote><ul><li><b>每股收益</b>：1.40美元对比。估计 0.99 美元</li><li><b>收入</b>：895.8 亿美元 vs.预计773.6亿美元，同比增长53.7%</li><li><b>iPhone收入</b>：479.4亿美元 vs.预计414.3亿美元，同比增长65.5%</li><li><b>服务收入</b>：169.0 亿美元 vs.预计155.7亿美元，同比增长26.7%</li><li><b>其他产品收入</b>：78.3 亿美元 vs.预计77.9亿美元，同比增长24%</li><li><b>Mac收入</b>：91亿美元 vs.预计68.6亿美元，同比增长70.1%</li><li><b>iPad收入</b>：78 亿美元 vs.预计55.8亿美元，同比增长78.9%</li><li><b>毛利率</b>：42.5% vs. 估计值39.8%</li></ul>苹果没有就截至 6 月份的季度预期发布官方指引。自大流行病开始以来，该公司一直没有提供收入指引，理由是存在不确定性。这是苹果连续第二个季度所有产品类别都实现两位数增长。苹果首席财务官卢卡-马埃斯特里（Luca Maestri）告诉分析师，该公司预计 6 月份季度的收入将同比增长两位数，尽管由于全球芯片短缺，该公司面临一些供应短缺。</blockquote></p><p>Apple has said in the past months that its business has been boosted by the pandemic as consumers&nbsp;and businesses&nbsp;bought&nbsp;computers&nbsp;to work and entertain themselves while at home. But Apple’s strong results in the quarter suggest that the trend may persist as more economies&nbsp;open up.</p><p><blockquote>苹果近几个月来表示，随着消费者和企业购买电脑在家工作和娱乐，疫情提振了其业务。但苹果本季度的强劲业绩表明，随着更多经济体的开放，这一趋势可能会持续下去。</blockquote></p><p>Or, as Apple CEO Tim Cook said in a statement: “This quarter reflects both the enduring ways our products have helped our users meet this&nbsp;moment in their own lives, as well as the optimism consumers seem to feel about better days&nbsp;ahead for all of us.”</p><p><blockquote>或者，正如苹果首席执行官蒂姆-库克（Tim Cook）在一份声明中所说： “本季度既反映了我们的产品帮助用户在自己的生活中迎接这一时刻的持久方式，也反映了消费者似乎对我们所有人未来更美好的日子感到乐观”。</blockquote></p><p>Mac sales were up 70%, and Cook said that the result was “fueled by” the company’s introduction of its Mac&nbsp;laptops&nbsp;that used its own M1 chips&nbsp;for longer battery life, instead of processors sold by&nbsp;Intel.&nbsp;iPad sales were up&nbsp;nearly 79% year-over-year.</p><p><blockquote>Mac 销量增长了 70%，库克说，这一结果 “得益于 ”该公司推出的 Mac 笔记本电脑使用自己的 M1 芯片，而不是英特尔销售的处理器，从而延长了电池寿命。iPad 销量同比增长近 79%。</blockquote></p><p>Neither of those&nbsp;results&nbsp;include iPad Pro or iMac models the company announced in March, which are expected to drive additional demand.</p><p><blockquote>这些结果都不包括该公司 3 月份宣布的 iPad Pro 或 iMac 型号，预计这将推动额外需求。</blockquote></p><p>“We’re seeing strong first-time buyers on the Mac&nbsp;…&nbsp;it continues to run just south of 50%,” Cook told CNBC’s Josh Lipton. “And, in China, it’s even higher than that&nbsp;…&nbsp;it’s more around two-thirds. And that speaks to people preferring to work on the Mac.”</p><p><blockquote>“库克告诉 CNBC 的乔希-利普顿（Josh Lipton）：”我们看到 Mac 的首次购买者强劲.它的购买率继续徘徊在 50% 以下。“在中国，这一比例甚至更高.三分之二左右。这说明人们更喜欢在 Mac 上工作。”</blockquote></p><p>Apple’s iPhone also reported strong results this quarter, quelling fears that the current annual cycle could slow down. Last year, Apple released iPhones with a new exterior design and 5G support, which many investors believed could prompt a major upgrade cycle, which this quarter’s results indicate.</p><p><blockquote>苹果的 iPhone 本季度也公布了强劲的业绩，平息了人们对当前年度周期可能放缓的担忧。去年，苹果发布了采用全新外观设计和 5G 支持的 iPhone，许多投资者认为这可能会引发一次重大升级周期，本季度的业绩也表明了这一点。</blockquote></p><p>In greater China, which includes the mainland, Hong Kong, and Taiwan,&nbsp;Apple’s revenue increased over&nbsp;87% year-over-year to $17.73 billion, although the comparison is to a quarter last year in which China was largely shut down in the early days of the pandemic.&nbsp;Every other geographical category, including the Americas and Europe, were also up on an annual basis.</p><p><blockquote>在包括中国大陆、中国香港和台湾地区在内的大中华区，苹果的收入同比增长超过 87%，达到 177.3 亿美元，但与去年的一个季度相比，去年中国在大流行病初期基本上处于停摆状态。包括美洲和欧洲在内的所有其他地区的收入也同比增长。</blockquote></p><p><img src=\"https://static.tigerbbs.com/37a8b45c92174e3c9ab224d9a85f5e2d\" tg-width=\"1910\" tg-height=\"1114\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Apple’s&nbsp;high-margin&nbsp;services business, including iCloud, App Store, and subscriptions like Apple Music, also showed 26.7% growth.</p><p><blockquote>苹果的高利润服务业务，包括 iCloud、App Store 和苹果音乐等订阅服务，也实现了 26.7% 的增长。</blockquote></p><p></p><p>One metric that Apple uses to show the growth in services is the number of subscriptions it has, which not only include its own subscriptions like Apple One, but also subscriptions through its App Store.</p><p><blockquote>苹果用来显示服务增长的一个指标是其订阅数量，其中不仅包括苹果一号等自己的订阅，还包括通过其应用商店的订阅。</blockquote></p><p>“We now have over 660 million paid subscriptions across the services on the platform, and that’s up 40 million from the previous quarter, which is an acceleration from 35 million,” Cook told CNBC.</p><p><blockquote>“库克告诉 CNBC：”我们现在平台上所有服务的付费订阅量超过 6.6 亿，比上一季度增加了 4000 万，比上一季度的 3500 万有所加快。</blockquote></p><p>However, Apple’s App Store has been challenged by lawmakers and companies that say it costs too much and has too much power. A closely-watched trial with Fortnite maker Epic Games over App Store policies kicks off next week.</p><p><blockquote>然而，苹果的 App Store 一直受到立法者和公司的质疑，他们认为它成本太高，权力太大。备受关注的堡垒之夜制造商Epic Games关于应用商店政策的审判将于下周开始。</blockquote></p><p>“The App Store has been an economic miracle. Last year, the estimates are that there was over a half a trillion dollars of economic activity because of the store. And, so, this has been just an economic gamechanger for not only the United States, but several countries around the world. And, we’re going to go in and tell our story. And we’ll see where it goes. But, we’re confident,” Cook told CNBC.</p><p><blockquote>“App Store 是一个经济奇迹。据估计，去年有超过 5 万亿美元的经济活动因为 App Store 而产生。因此，这不仅改变了美国的经济游戏规则，也改变了世界上几个国家的经济游戏规则。我们将走进去讲述我们的故事。我们拭目以待。但是，我们很有信心，”库克告诉 CNBC。</blockquote></p><p>Apple’s gross margin was also unusually elevated for the company. Most quarters, it tends to be in the 38% to 39% range, but in the quarter ending in March, Apple reported 42.5% margins.</p><p><blockquote>苹果的毛利率也异常高。大多数季度，利润率往往在 38% 至 39% 之间，但在截至 3 月份的季度，苹果报告的利润率为 42.5%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137964402","content_text":"KEY POINTSApple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and significantly stronger profits than Wall Street expected.Apple did not issue official guidance for what it expects in the quarter ending in June.Apple authorized $90 billion in share buybacks.Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and significantly stronger profits than Wall Street expected.Apple stock rose over 4% at one point in extended trading.Apple reported double-digit growth in every single one of its product categories, and its most important product line, the iPhone, was up 65.5% from last year. Its Mac and iPad sales did better, with its computers up 70.1% and iPad sales growing nearly 79% on an annual basis.Apple said it would increase its dividend by 7% to $0.22 per share and authorized $90 billion in share buybacks, which is significantly higher than last year’s $50 billion outlay and 2019′s $75 billion.Here’s how Apple did versus Refinitiv estimates:EPS: $1.40 vs. $0.99 estimatedRevenue: $89.58 billion vs. $77.36 billion estimated, up 53.7% year-over-yeariPhone revenue: $47.94 billion vs. $41.43 billion estimated, up 65.5% year-over-yearServices revenue: $16.90 billion vs. $15.57 billion estimated, up 26.7% year over yearOther Products revenue: $7.83 billion vs. $7.79 billion estimated, up 24% year-over-yearMac revenue: $9.10 billion vs. $6.86 billion estimated, up 70.1% year-over-yeariPad revenue: $7.80 billion vs. $5.58 billion estimated, up 78.9% year-over-yearGross margin: 42.5% vs. 39.8% estimatedApple did not issue official guidance for what it expects in the quarter ending in June. It hasn’t provided revenue guidance since the start of the pandemic, citing uncertainty. This is Apple’s second quarter in a row with double-digit growth in all product categories. Apple CFO Luca Maestri told analysts that the company expects June quarter revenue to rise by double digits year-over-year, although it faces some supply shortages due to the worldwide chip shortage.Apple has said in the past months that its business has been boosted by the pandemic as consumers and businesses bought computers to work and entertain themselves while at home. But Apple’s strong results in the quarter suggest that the trend may persist as more economies open up.Or, as Apple CEO Tim Cook said in a statement: “This quarter reflects both the enduring ways our products have helped our users meet this moment in their own lives, as well as the optimism consumers seem to feel about better days ahead for all of us.”Mac sales were up 70%, and Cook said that the result was “fueled by” the company’s introduction of its Mac laptops that used its own M1 chips for longer battery life, instead of processors sold by Intel. iPad sales were up nearly 79% year-over-year.Neither of those results include iPad Pro or iMac models the company announced in March, which are expected to drive additional demand.“We’re seeing strong first-time buyers on the Mac … it continues to run just south of 50%,” Cook told CNBC’s Josh Lipton. “And, in China, it’s even higher than that … it’s more around two-thirds. And that speaks to people preferring to work on the Mac.”Apple’s iPhone also reported strong results this quarter, quelling fears that the current annual cycle could slow down. Last year, Apple released iPhones with a new exterior design and 5G support, which many investors believed could prompt a major upgrade cycle, which this quarter’s results indicate.In greater China, which includes the mainland, Hong Kong, and Taiwan, Apple’s revenue increased over 87% year-over-year to $17.73 billion, although the comparison is to a quarter last year in which China was largely shut down in the early days of the pandemic. Every other geographical category, including the Americas and Europe, were also up on an annual basis.Apple’s high-margin services business, including iCloud, App Store, and subscriptions like Apple Music, also showed 26.7% growth.One metric that Apple uses to show the growth in services is the number of subscriptions it has, which not only include its own subscriptions like Apple One, but also subscriptions through its App Store.“We now have over 660 million paid subscriptions across the services on the platform, and that’s up 40 million from the previous quarter, which is an acceleration from 35 million,” Cook told CNBC.However, Apple’s App Store has been challenged by lawmakers and companies that say it costs too much and has too much power. A closely-watched trial with Fortnite maker Epic Games over App Store policies kicks off next week.“The App Store has been an economic miracle. Last year, the estimates are that there was over a half a trillion dollars of economic activity because of the store. And, so, this has been just an economic gamechanger for not only the United States, but several countries around the world. And, we’re going to go in and tell our story. And we’ll see where it goes. But, we’re confident,” Cook told CNBC.Apple’s gross margin was also unusually elevated for the company. Most quarters, it tends to be in the 38% to 39% range, but in the quarter ending in March, Apple reported 42.5% margins.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2009,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377307493,"gmtCreate":1619494098512,"gmtModify":1634212294346,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579395105035655","authorIdStr":"3579395105035655"},"themes":[],"title":"","htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/377307493","repostId":"1190086074","repostType":4,"repost":{"id":"1190086074","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":1619480390,"share":"https://www.laohunote.com/m/news/1190086074?lang=zh_CN&edition=full","pubTime":"2021-04-27 07:39","market":"us","language":"en","title":"Tesla posts record net income of $438 million, revenue surges by 74%<blockquote>特斯拉净利润创历史新高 4.38 亿美元，收入激增 74%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1190086074","media":"Tiger Newspress","summary":"Tesla reported record net income of $438 million during the quarter, as well as earnings of 93 cents per share on $10.39 billion in revenue.In its earnings release, the company said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.”On an earnings call, CEO Elon Musk said the delayed new version of the company’s Model S sedan will be deliv","content":"<p><b>KEY POINTS</b></p><p><blockquote><b>要点</b></blockquote></p><p><ul><li>Tesla reported record net income of $438 million during the quarter, as well as earnings of 93 cents per share on $10.39 billion in revenue.</li><li>In its earnings release, the company said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.”</li><li>On an earnings call, CEO Elon Musk said the delayed new version of the company’s Model S sedan will be delivered starting in May 2021, and Model X deliveries will begin in the third quarter of the year.</li></ul>Tesla&nbsp;reported first-quarter results after the bell on Monday. The company beat expectations handily, buoyed by sales of bitcoin and regulatory credits, but the stock dipped as much as 2.5% after hours as investors digested the numbers.</p><p><blockquote><ul><li>特斯拉公布本季度净利润为创纪录的 4.38 亿美元，每股收益为 93 美分，营收为 103.9 亿美元。</li><li>该公司在财报发布中表示，它已经度过了困扰汽车行业的芯片短缺问题，部分原因是 “迅速转向新型微控制器，同时为新供应商生产的新芯片开发固件”。</li><li>首席执行官埃隆-马斯克（Elon Musk）在财报看涨期权上表示，公司推迟推出的 Model S 轿车新版本将于 2021 年 5 月开始交付，Model X 将于今年第三季度开始交付。</li></ul>特斯拉周一盘后公布了第一季度业绩。在比特币出售和监管信贷的提振下，该公司轻松超出预期，但随着投资者消化这些数据，该股盘后下跌了 2.5%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/fec5c52f391c1077b749edc13b7b3417\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Here’s how the company fared in the quarter, compared with analyst estimates compiled by Refinitiv:</p><p><blockquote>以下是该公司本季度的表现与 Refinitiv 编制的分析师预期的比较：</blockquote></p><p><ul><li><b>Earnings:</b>93 cents per share vs. 79 cents per share expected</li><li><b>Revenue:</b>$10.39 billion vs. $10.29 billion expected, up 74% from a year ago</li></ul>Net profit reached a quarterly record of $438 million on a GAAP basis, and the company recorded $518 million in revenue from sales of regulatory credits during the period. It also recorded a $101 million positive impact from&nbsp;sales of bitcoin&nbsp;during the quarter.</p><p><blockquote><ul><li><b>收益：</b>每股 93 美分，预计每股 79 美分</li><li><b>收入：</b>103.9 亿美元，而预期为 102.9 亿美元，同比增长 74%</li></ul>按公认会计准则计算，季度净利润达到创纪录的 4.38 亿美元，该公司在此期间从监管信用销售收入中获得 5.18 亿美元。本季度比特币销售额还带来了 1.01 亿美元的积极影响。</blockquote></p><p><img src=\"https://static.tigerbbs.com/107ab1e725bed375ea106bdf3024ec6a\" tg-width=\"1910\" tg-height=\"1097\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>CEO Elon Musk’s electric vehicle business reported in the first quarter&nbsp;vehicle deliveries of 184,800&nbsp;Model 3 and Model Y cars, beating expectations and setting a record for Tesla. However, the company also said it produced none of its higher-end Model S sedans or Model X SUVs for the period ending March. It delivered2,020 older Model S sedans and Model X SUVs from inventory.</p><p><blockquote>首席执行官埃隆-马斯克（Elon Musk）的电动汽车业务第一季度交付了 18.48 万辆 Model 3 和 Model Y 汽车，超出预期，创下了特斯拉的纪录。不过，该公司还表示，截至 3 月份，它没有生产任何高端 Model S 轿车或 Model X SUV。它从库存中交付了 2,020 辆旧款 Model S 轿车和 Model X SUV。</blockquote></p><p>On Monday’s earnings call, Musk said the new version of the company’s Model S sedans will finally be delivered to customers starting in May 2021, with Model X deliveries to begin in the third quarter of the year. Musk and CFO Zachary Kirkhorn both said supply chain issues are likely to remain a challenge for Tesla this year.</p><p><blockquote>在周一的财报看涨期权上，马斯克表示，公司新版 Model S 轿车最终将于 2021 年 5 月开始交付给客户，Model X 将于今年第三季度开始交付。马斯克和首席财务官扎卡里·柯克霍恩都表示，供应链问题今年可能仍然是特斯拉面临的挑战。</blockquote></p><p>In January 2021 (during a fourth-quarter 2020 earnings update) Musk had said that the Model S Plaid was already in production would be delivered starting in February 2021. But he admitted on Monday, “There were more challenges than expected,” in producing the refreshed version of these vehicles. He did not elaborate.</p><p><blockquote>2021 年 1 月（在 2020 年第四季度收益更新期间），马斯克曾表示 Model S Plaid 已经投入生产，将于 2021 年 2 月开始交付。但他在周一承认，在生产这些车辆的更新版本时，“面临的挑战比预期的要多”。他没有详细说明。</blockquote></p><p>Tesla is now aiming to produce 2,000 Model S and X vehicles per week later this year.</p><p><blockquote>特斯拉目前的目标是在今年晚些时候每周生产 2,000 辆 Model S 和 X 汽车。</blockquote></p><p>The company said Monday it expects more than 50% vehicle delivery growth in 2021 overall, which implies minimum deliveries around 750,000 vehicles this year.</p><p><blockquote>该公司周一表示，预计 2021 年整体汽车交付量将增长 50% 以上，这意味着今年的最低交付量约为 75 万辆。</blockquote></p><p>The fact Tesla grew vehicle unit sales by more than 100% year over year but grew service centers by only 28% and its mobile service fleet by only 22% explains why some Tesla customers face frustratingly long wait times for repairs. Service expansion is not keeping pace with the volume of vehicles sold.</p><p><blockquote>事实上，特斯拉的汽车销量同比增长超过 100%，但服务中心仅增长 28%，移动服务车队仅增长 22%，这解释了为什么一些特斯拉客户面临令人沮丧的漫长维修等待时间。服务扩展跟不上车辆销量。</blockquote></p><p>Tesla said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.” It did not disclose the names of its new suppliers.</p><p><blockquote>特斯拉表示，该公司已经度过了困扰汽车行业的芯片短缺问题，部分原因是 “迅速转向新型微控制器，同时为新供应商生产的新芯片开发固件”。它没有透露新供应商的名字。</blockquote></p><p>It also reiterated Musk’s frequent claim that cameras, not radar, are a better path toward autonomous vehicles. “Our AI-based software architecture has been increasingly reliant on cameras, to the point where radar is becoming unnecessary earlier than expected. As a result, our FSD [Full Self-Driving] team is fully focused on evolving to a vision-based autonomous system and we are nearly ready to switch the US market to Tesla Vision,” the company said in its earnings release.</p><p><blockquote>它还重申了马斯克经常说的，即摄像头而不是雷达是自动驾驶汽车的更好途径。“我们基于人工智能的软件架构越来越依赖摄像头，以至于雷达比预期更早变得不必要。因此，我们的 FSD（全自动驾驶）团队正全力致力于发展基于视觉的自主系统，我们几乎准备好将美国市场转向特斯拉视觉，”该公司在财报发布会上说。</blockquote></p><p>Revenue for its energy generation and storage business nearly doubled for Tesla versus the same period in 2020, when Musk said Covid, then an emerging pandemic, had slowed its energy business to a crawl. But energy revenue declined from $787 million in the fourth quarter to $595 million in the first quarter of 2021.</p><p><blockquote>与 2020 年同期相比，特斯拉的能源发电和存储业务收入几乎翻了一番，当时马斯克表示，当时新兴的新冠疫情使其能源业务大幅放缓。但能源收入从第四季度的7.87亿美元下降至2021年第一季度的5.95亿美元。</blockquote></p><p>Recently, Tesla increased prices for its solar rooftops by 50%, and now requires anyone ordering solar photovoltaics (including Tesla solar roof tiles) to also order the Powerwall, Tesla’s home energy storage system. The sudden price change applied retroactively to some&nbsp;vexed customers.</p><p><blockquote>最近，特斯拉将太阳能屋顶的价格提高了 50%，现在要求任何订购太阳能光伏（包括特斯拉太阳能屋顶瓦）的人也必须订购特斯拉的家庭储能系统 Powerwall。突然的价格变化追溯适用于一些烦恼的顾客。</blockquote></p><p>Musk said on the Q1 2021 call that he is aiming for homes with solar rooftops and batteries from Tesla to function as a “giant distributed utility” that can help incumbent electrical utilities supply customers with all the electricity they need as demand and extreme weather events increase.</p><p><blockquote>马斯克在 2021 年第一季度看涨期权上表示，他的目标是让拥有太阳能屋顶和特斯拉电池的家庭成为 “巨型分布式公用事业公司”，随着需求和极端天气事件的增加，帮助现有电力公司为客户提供所需的所有电力。</blockquote></p><p></p><p>Executives did not say how they would change their production or mix of battery cells from suppliers in order to make a higher volume of vehicles and energy storage products in 2021.</p><p><blockquote>高管们没有透露他们将如何改变供应商电池的生产或组合，以便在 2021 年生产更多的汽车和储能产品。</blockquote></p><p>Musk said the company’s 4680 cells, which it developed independently and makes at a pilot plant in Fremont, California, are not yet reliable enough to be shipped in Tesla vehicles. He said Tesla would probably “achieve volume production” of these cells in 12 to 18 months.</p><p><blockquote>马斯克说，该公司自主研发并在加州弗里蒙特的一个试点工厂生产的 4680 电池还不够可靠，无法在特斯拉汽车上运输。他说，特斯拉可能会在 12 到 18 个月内 “实现这些电池的量产 ”。</blockquote></p><p>The company revealed in February it purchased&nbsp;$1.5 billion in bitcoin&nbsp;and would potentially invest in other cryptocurrencies in the future. By April, bitcoin rose to record levels before pulling back. In its statement of cash flows, Tesla revealed that it had sold $272 million worth of “digital assets,” presumably bitcoin, during the quarter.</p><p><blockquote>该公司在2月份透露，它在比特币购买了15亿美元，未来可能会投资其他加密货币。到四月份，比特币升至创纪录水平，然后回落。特斯拉在现金流量表中透露，该公司在本季度出售了价值 2.72 亿美元的 “数字资产”，大概是比特币。</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 posts record net income of $438 million, revenue surges by 74%<blockquote>特斯拉净利润创历史新高 4.38 亿美元，收入激增 74%</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 posts record net income of $438 million, revenue surges by 74%<blockquote>特斯拉净利润创历史新高 4.38 亿美元，收入激增 74%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-04-27 07:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>KEY POINTS</b></p><p><blockquote><b>要点</b></blockquote></p><p><ul><li>Tesla reported record net income of $438 million during the quarter, as well as earnings of 93 cents per share on $10.39 billion in revenue.</li><li>In its earnings release, the company said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.”</li><li>On an earnings call, CEO Elon Musk said the delayed new version of the company’s Model S sedan will be delivered starting in May 2021, and Model X deliveries will begin in the third quarter of the year.</li></ul>Tesla&nbsp;reported first-quarter results after the bell on Monday. The company beat expectations handily, buoyed by sales of bitcoin and regulatory credits, but the stock dipped as much as 2.5% after hours as investors digested the numbers.</p><p><blockquote><ul><li>特斯拉公布本季度净利润为创纪录的 4.38 亿美元，每股收益为 93 美分，营收为 103.9 亿美元。</li><li>该公司在财报发布中表示，它已经度过了困扰汽车行业的芯片短缺问题，部分原因是 “迅速转向新型微控制器，同时为新供应商生产的新芯片开发固件”。</li><li>首席执行官埃隆-马斯克（Elon Musk）在财报看涨期权上表示，公司推迟推出的 Model S 轿车新版本将于 2021 年 5 月开始交付，Model X 将于今年第三季度开始交付。</li></ul>特斯拉周一盘后公布了第一季度业绩。在比特币出售和监管信贷的提振下，该公司轻松超出预期，但随着投资者消化这些数据，该股盘后下跌了 2.5%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/fec5c52f391c1077b749edc13b7b3417\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Here’s how the company fared in the quarter, compared with analyst estimates compiled by Refinitiv:</p><p><blockquote>以下是该公司本季度的表现与 Refinitiv 编制的分析师预期的比较：</blockquote></p><p><ul><li><b>Earnings:</b>93 cents per share vs. 79 cents per share expected</li><li><b>Revenue:</b>$10.39 billion vs. $10.29 billion expected, up 74% from a year ago</li></ul>Net profit reached a quarterly record of $438 million on a GAAP basis, and the company recorded $518 million in revenue from sales of regulatory credits during the period. It also recorded a $101 million positive impact from&nbsp;sales of bitcoin&nbsp;during the quarter.</p><p><blockquote><ul><li><b>收益：</b>每股 93 美分，预计每股 79 美分</li><li><b>收入：</b>103.9 亿美元，而预期为 102.9 亿美元，同比增长 74%</li></ul>按公认会计准则计算，季度净利润达到创纪录的 4.38 亿美元，该公司在此期间从监管信用销售收入中获得 5.18 亿美元。本季度比特币销售额还带来了 1.01 亿美元的积极影响。</blockquote></p><p><img src=\"https://static.tigerbbs.com/107ab1e725bed375ea106bdf3024ec6a\" tg-width=\"1910\" tg-height=\"1097\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>CEO Elon Musk’s electric vehicle business reported in the first quarter&nbsp;vehicle deliveries of 184,800&nbsp;Model 3 and Model Y cars, beating expectations and setting a record for Tesla. However, the company also said it produced none of its higher-end Model S sedans or Model X SUVs for the period ending March. It delivered2,020 older Model S sedans and Model X SUVs from inventory.</p><p><blockquote>首席执行官埃隆-马斯克（Elon Musk）的电动汽车业务第一季度交付了 18.48 万辆 Model 3 和 Model Y 汽车，超出预期，创下了特斯拉的纪录。不过，该公司还表示，截至 3 月份，它没有生产任何高端 Model S 轿车或 Model X SUV。它从库存中交付了 2,020 辆旧款 Model S 轿车和 Model X SUV。</blockquote></p><p>On Monday’s earnings call, Musk said the new version of the company’s Model S sedans will finally be delivered to customers starting in May 2021, with Model X deliveries to begin in the third quarter of the year. Musk and CFO Zachary Kirkhorn both said supply chain issues are likely to remain a challenge for Tesla this year.</p><p><blockquote>在周一的财报看涨期权上，马斯克表示，公司新版 Model S 轿车最终将于 2021 年 5 月开始交付给客户，Model X 将于今年第三季度开始交付。马斯克和首席财务官扎卡里·柯克霍恩都表示，供应链问题今年可能仍然是特斯拉面临的挑战。</blockquote></p><p>In January 2021 (during a fourth-quarter 2020 earnings update) Musk had said that the Model S Plaid was already in production would be delivered starting in February 2021. But he admitted on Monday, “There were more challenges than expected,” in producing the refreshed version of these vehicles. He did not elaborate.</p><p><blockquote>2021 年 1 月（在 2020 年第四季度收益更新期间），马斯克曾表示 Model S Plaid 已经投入生产，将于 2021 年 2 月开始交付。但他在周一承认，在生产这些车辆的更新版本时，“面临的挑战比预期的要多”。他没有详细说明。</blockquote></p><p>Tesla is now aiming to produce 2,000 Model S and X vehicles per week later this year.</p><p><blockquote>特斯拉目前的目标是在今年晚些时候每周生产 2,000 辆 Model S 和 X 汽车。</blockquote></p><p>The company said Monday it expects more than 50% vehicle delivery growth in 2021 overall, which implies minimum deliveries around 750,000 vehicles this year.</p><p><blockquote>该公司周一表示，预计 2021 年整体汽车交付量将增长 50% 以上，这意味着今年的最低交付量约为 75 万辆。</blockquote></p><p>The fact Tesla grew vehicle unit sales by more than 100% year over year but grew service centers by only 28% and its mobile service fleet by only 22% explains why some Tesla customers face frustratingly long wait times for repairs. Service expansion is not keeping pace with the volume of vehicles sold.</p><p><blockquote>事实上，特斯拉的汽车销量同比增长超过 100%，但服务中心仅增长 28%，移动服务车队仅增长 22%，这解释了为什么一些特斯拉客户面临令人沮丧的漫长维修等待时间。服务扩展跟不上车辆销量。</blockquote></p><p>Tesla said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.” It did not disclose the names of its new suppliers.</p><p><blockquote>特斯拉表示，该公司已经度过了困扰汽车行业的芯片短缺问题，部分原因是 “迅速转向新型微控制器，同时为新供应商生产的新芯片开发固件”。它没有透露新供应商的名字。</blockquote></p><p>It also reiterated Musk’s frequent claim that cameras, not radar, are a better path toward autonomous vehicles. “Our AI-based software architecture has been increasingly reliant on cameras, to the point where radar is becoming unnecessary earlier than expected. As a result, our FSD [Full Self-Driving] team is fully focused on evolving to a vision-based autonomous system and we are nearly ready to switch the US market to Tesla Vision,” the company said in its earnings release.</p><p><blockquote>它还重申了马斯克经常说的，即摄像头而不是雷达是自动驾驶汽车的更好途径。“我们基于人工智能的软件架构越来越依赖摄像头，以至于雷达比预期更早变得不必要。因此，我们的 FSD（全自动驾驶）团队正全力致力于发展基于视觉的自主系统，我们几乎准备好将美国市场转向特斯拉视觉，”该公司在财报发布会上说。</blockquote></p><p>Revenue for its energy generation and storage business nearly doubled for Tesla versus the same period in 2020, when Musk said Covid, then an emerging pandemic, had slowed its energy business to a crawl. But energy revenue declined from $787 million in the fourth quarter to $595 million in the first quarter of 2021.</p><p><blockquote>与 2020 年同期相比，特斯拉的能源发电和存储业务收入几乎翻了一番，当时马斯克表示，当时新兴的新冠疫情使其能源业务大幅放缓。但能源收入从第四季度的7.87亿美元下降至2021年第一季度的5.95亿美元。</blockquote></p><p>Recently, Tesla increased prices for its solar rooftops by 50%, and now requires anyone ordering solar photovoltaics (including Tesla solar roof tiles) to also order the Powerwall, Tesla’s home energy storage system. The sudden price change applied retroactively to some&nbsp;vexed customers.</p><p><blockquote>最近，特斯拉将太阳能屋顶的价格提高了 50%，现在要求任何订购太阳能光伏（包括特斯拉太阳能屋顶瓦）的人也必须订购特斯拉的家庭储能系统 Powerwall。突然的价格变化追溯适用于一些烦恼的顾客。</blockquote></p><p>Musk said on the Q1 2021 call that he is aiming for homes with solar rooftops and batteries from Tesla to function as a “giant distributed utility” that can help incumbent electrical utilities supply customers with all the electricity they need as demand and extreme weather events increase.</p><p><blockquote>马斯克在 2021 年第一季度看涨期权上表示，他的目标是让拥有太阳能屋顶和特斯拉电池的家庭成为 “巨型分布式公用事业公司”，随着需求和极端天气事件的增加，帮助现有电力公司为客户提供所需的所有电力。</blockquote></p><p></p><p>Executives did not say how they would change their production or mix of battery cells from suppliers in order to make a higher volume of vehicles and energy storage products in 2021.</p><p><blockquote>高管们没有透露他们将如何改变供应商电池的生产或组合，以便在 2021 年生产更多的汽车和储能产品。</blockquote></p><p>Musk said the company’s 4680 cells, which it developed independently and makes at a pilot plant in Fremont, California, are not yet reliable enough to be shipped in Tesla vehicles. He said Tesla would probably “achieve volume production” of these cells in 12 to 18 months.</p><p><blockquote>马斯克说，该公司自主研发并在加州弗里蒙特的一个试点工厂生产的 4680 电池还不够可靠，无法在特斯拉汽车上运输。他说，特斯拉可能会在 12 到 18 个月内 “实现这些电池的量产 ”。</blockquote></p><p>The company revealed in February it purchased&nbsp;$1.5 billion in bitcoin&nbsp;and would potentially invest in other cryptocurrencies in the future. By April, bitcoin rose to record levels before pulling back. In its statement of cash flows, Tesla revealed that it had sold $272 million worth of “digital assets,” presumably bitcoin, during the quarter.</p><p><blockquote>该公司在2月份透露，它在比特币购买了15亿美元，未来可能会投资其他加密货币。到四月份，比特币升至创纪录水平，然后回落。特斯拉在现金流量表中透露，该公司在本季度出售了价值 2.72 亿美元的 “数字资产”，大概是比特币。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190086074","content_text":"KEY POINTSTesla reported record net income of $438 million during the quarter, as well as earnings of 93 cents per share on $10.39 billion in revenue.In its earnings release, the company said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.”On an earnings call, CEO Elon Musk said the delayed new version of the company’s Model S sedan will be delivered starting in May 2021, and Model X deliveries will begin in the third quarter of the year.Tesla reported first-quarter results after the bell on Monday. The company beat expectations handily, buoyed by sales of bitcoin and regulatory credits, but the stock dipped as much as 2.5% after hours as investors digested the numbers.Here’s how the company fared in the quarter, compared with analyst estimates compiled by Refinitiv:Earnings:93 cents per share vs. 79 cents per share expectedRevenue:$10.39 billion vs. $10.29 billion expected, up 74% from a year agoNet profit reached a quarterly record of $438 million on a GAAP basis, and the company recorded $518 million in revenue from sales of regulatory credits during the period. It also recorded a $101 million positive impact from sales of bitcoin during the quarter.CEO Elon Musk’s electric vehicle business reported in the first quarter vehicle deliveries of 184,800 Model 3 and Model Y cars, beating expectations and setting a record for Tesla. However, the company also said it produced none of its higher-end Model S sedans or Model X SUVs for the period ending March. It delivered2,020 older Model S sedans and Model X SUVs from inventory.On Monday’s earnings call, Musk said the new version of the company’s Model S sedans will finally be delivered to customers starting in May 2021, with Model X deliveries to begin in the third quarter of the year. Musk and CFO Zachary Kirkhorn both said supply chain issues are likely to remain a challenge for Tesla this year.In January 2021 (during a fourth-quarter 2020 earnings update) Musk had said that the Model S Plaid was already in production would be delivered starting in February 2021. But he admitted on Monday, “There were more challenges than expected,” in producing the refreshed version of these vehicles. He did not elaborate.Tesla is now aiming to produce 2,000 Model S and X vehicles per week later this year.The company said Monday it expects more than 50% vehicle delivery growth in 2021 overall, which implies minimum deliveries around 750,000 vehicles this year.The fact Tesla grew vehicle unit sales by more than 100% year over year but grew service centers by only 28% and its mobile service fleet by only 22% explains why some Tesla customers face frustratingly long wait times for repairs. Service expansion is not keeping pace with the volume of vehicles sold.Tesla said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.” It did not disclose the names of its new suppliers.It also reiterated Musk’s frequent claim that cameras, not radar, are a better path toward autonomous vehicles. “Our AI-based software architecture has been increasingly reliant on cameras, to the point where radar is becoming unnecessary earlier than expected. As a result, our FSD [Full Self-Driving] team is fully focused on evolving to a vision-based autonomous system and we are nearly ready to switch the US market to Tesla Vision,” the company said in its earnings release.Revenue for its energy generation and storage business nearly doubled for Tesla versus the same period in 2020, when Musk said Covid, then an emerging pandemic, had slowed its energy business to a crawl. But energy revenue declined from $787 million in the fourth quarter to $595 million in the first quarter of 2021.Recently, Tesla increased prices for its solar rooftops by 50%, and now requires anyone ordering solar photovoltaics (including Tesla solar roof tiles) to also order the Powerwall, Tesla’s home energy storage system. The sudden price change applied retroactively to some vexed customers.Musk said on the Q1 2021 call that he is aiming for homes with solar rooftops and batteries from Tesla to function as a “giant distributed utility” that can help incumbent electrical utilities supply customers with all the electricity they need as demand and extreme weather events increase.Executives did not say how they would change their production or mix of battery cells from suppliers in order to make a higher volume of vehicles and energy storage products in 2021.Musk said the company’s 4680 cells, which it developed independently and makes at a pilot plant in Fremont, California, are not yet reliable enough to be shipped in Tesla vehicles. He said Tesla would probably “achieve volume production” of these cells in 12 to 18 months.The company revealed in February it purchased $1.5 billion in bitcoin and would potentially invest in other cryptocurrencies in the future. By April, bitcoin rose to record levels before pulling back. In its statement of cash flows, Tesla revealed that it had sold $272 million worth of “digital assets,” presumably bitcoin, during the quarter.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2322,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375884236,"gmtCreate":1619323130025,"gmtModify":1634274232717,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579395105035655","authorIdStr":"3579395105035655"},"themes":[],"title":"","htmlText":"Like and comment please&nbsp;","listText":"Like and comment please&nbsp;","text":"Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/375884236","repostId":"2129610673","repostType":4,"isVote":1,"tweetType":1,"viewCount":2189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372230392,"gmtCreate":1619219237116,"gmtModify":1634287740091,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579395105035655","authorIdStr":"3579395105035655"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/372230392","repostId":"1128911279","repostType":4,"isVote":1,"tweetType":1,"viewCount":2258,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372297430,"gmtCreate":1619219180120,"gmtModify":1634287740334,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579395105035655","authorIdStr":"3579395105035655"},"themes":[],"title":"","htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/372297430","repostId":"1101099559","repostType":4,"repost":{"id":"1101099559","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":1619191663,"share":"https://www.laohunote.com/m/news/1101099559?lang=zh_CN&edition=full","pubTime":"2021-04-23 23:27","market":"us","language":"en","title":"Dow rebounds 200 points led by banks and tech as market shrugs off higher tax fears<blockquote>由于市场对更高的税收担忧不屑一顾，道琼斯指数在银行和科技股的带领下反弹 200 点</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1101099559","media":"Tiger Newspress","summary":"U.S. stocks rebounded on Friday as Wall Street reassessed concerns arising from news that the White ","content":"<p>U.S. stocks rebounded on Friday as Wall Street reassessed concerns arising from news that the White House could seek a hike to the capital gains tax.</p><p><blockquote>美国股市周五反弹，华尔街重新评估了白宫可能寻求提高资本利得税的消息引发的担忧。</blockquote></p><p>The Dow Jones Industrial Average gained 200 points amid a jump in Goldman Sachs and Apple shares. The S&amp;P 500 rose 1% led by financials and technology shares, while the tech-heavy Nasdaq Composite climbed 1.2%.</p><p><blockquote>高盛和苹果股价上涨，道琼斯工业平均指数上涨 200 点。在金融和科技股的带领下，标普500上涨 1%，而以科技股为主的纳斯达克综合指数上涨 1.2%。</blockquote></p><p>Wall Street came off a turbulent session for equities after multiple news outlets reported Thursday afternoon that President Joe Biden is slated to propose much higher capital gains taxes for the rich.</p><p><blockquote>周四下午，多家新闻媒体报道称，乔·拜登总统将提议对富人征收更高的资本利得税，此后华尔街股市经历了一个动荡的时段。</blockquote></p><p>Bloomberg News reported that Biden is planning a&nbsp;capital gains tax hike to as high as 43.4%&nbsp;for wealthy Americans.</p><p><blockquote>彭博新闻社报道称，拜登正计划将美国富人的资本利得税提高到43.4%。</blockquote></p><p>The proposal would hike the capital gains rate to 39.6% for&nbsp;those earning $1 million or more, up from 20% currently, according to Bloomberg News, citing people familiar with the matter. Reuters and the New York Times later also reported similar stories.</p><p><blockquote>据彭博新闻社援引知情人士的话称，该提案将把收入100万美元或以上的人的资本利得率从目前的20%提高到39.6%。路透社和《纽约时报》后来也报道了类似的故事。</blockquote></p><p>“We expect Congress will pass a scaled back version of this tax increase,” wrote Goldman Sachs economists in a note. “We expect Congress will settle on a more modest increase, potentially around 28%.”</p><p><blockquote>“高盛经济学家在一份报告中写道：”我们预计国会将通过此次增税的缩减版。“我们预计国会将决定更温和的增幅，可能在28%左右。”</blockquote></p><p>Week to date, the three major averages are all down about 1%.</p><p><blockquote>本周迄今为止，三大平均值均下跌约1%。</blockquote></p><p>Intel shares dropped more than 5% after it issued second-quarter earnings guidance&nbsp;below analysts’ hopes. American Express fell over 4% after the credit card company reported quarterly revenue that was slightly short of forecasts.</p><p><blockquote>英特尔发布的第二季度盈利指引低于分析师预期，股价下跌超过 5%。美国运通 (American Express) 公布季度收入略低于预期，股价下跌超过 4%。</blockquote></p><p>Snap shares, meanwhile, jumped 9% after it said&nbsp;it saw accelerating revenue growth and strong user numbers during the first quarter. Snap broke even on the bottom line while posting revenue of $770 million.</p><p><blockquote>与此同时，Snap股价上涨 9%，此前该公司表示第一季度收入增长加速，用户数量强劲。Snap实现了盈亏平衡，同时公布了 7.7 亿美元的收入。</blockquote></p><p>Corporations have for the most part managed to beat Wall Street’s forecasts thus far into earnings season. Still, strong first-quarter results have been met with a more tepid response from investors, who have not, to date, snapped up shares of companies with some of the best results.</p><p><blockquote>财报季到目前为止，各公司的业绩在很大程度上超出了华尔街的预测。尽管如此，强劲的第一季度业绩还是遭到了投资者的冷淡反应，迄今为止，投资者还没有抢购业绩最好的公司的股票。</blockquote></p><p>Strategists say already-high valuations and near-record-high levels on the S&amp;P 500 and Dow have kept traders’ enthusiasm in check. But indexes are within 1.5% of their all-time highs even after Thursday’s losses.</p><p><blockquote>策略师表示，标普500和道琼斯指数已经很高的估值以及接近历史新高的水平抑制了交易员的热情。但即使在周四下跌之后，股指仍距离历史高点不到 1.5%。</blockquote></p><p>Bitcoin&nbsp;plunged overnight, perhaps in part because of concerns about higher capital gains taxes, with the cryptocurrency last down about 8%, according to CoinMetrics. Other cryptocurrencies like Ethereum were also getting hit. So far, the sell-off there was not spilling over into other risk assets like equities.</p><p><blockquote>根据 CoinMetrics 的数据，比特币隔夜暴跌，部分原因可能是对更高资本利得税的担忧，加密货币最终下跌约 8%。以太币等其他加密货币也受到了打击。到目前为止，那里的抛售还没有蔓延到股票等其他风险资产。</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>Dow rebounds 200 points led by banks and tech as market shrugs off higher tax fears<blockquote>由于市场对更高的税收担忧不屑一顾，道琼斯指数在银行和科技股的带领下反弹 200 点</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\">\nDow rebounds 200 points led by banks and tech as market shrugs off higher tax fears<blockquote>由于市场对更高的税收担忧不屑一顾，道琼斯指数在银行和科技股的带领下反弹 200 点</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-04-23 23:27</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stocks rebounded on Friday as Wall Street reassessed concerns arising from news that the White House could seek a hike to the capital gains tax.</p><p><blockquote>美国股市周五反弹，华尔街重新评估了白宫可能寻求提高资本利得税的消息引发的担忧。</blockquote></p><p>The Dow Jones Industrial Average gained 200 points amid a jump in Goldman Sachs and Apple shares. The S&amp;P 500 rose 1% led by financials and technology shares, while the tech-heavy Nasdaq Composite climbed 1.2%.</p><p><blockquote>高盛和苹果股价上涨，道琼斯工业平均指数上涨 200 点。在金融和科技股的带领下，标普500上涨 1%，而以科技股为主的纳斯达克综合指数上涨 1.2%。</blockquote></p><p>Wall Street came off a turbulent session for equities after multiple news outlets reported Thursday afternoon that President Joe Biden is slated to propose much higher capital gains taxes for the rich.</p><p><blockquote>周四下午，多家新闻媒体报道称，乔·拜登总统将提议对富人征收更高的资本利得税，此后华尔街股市经历了一个动荡的时段。</blockquote></p><p>Bloomberg News reported that Biden is planning a&nbsp;capital gains tax hike to as high as 43.4%&nbsp;for wealthy Americans.</p><p><blockquote>彭博新闻社报道称，拜登正计划将美国富人的资本利得税提高到43.4%。</blockquote></p><p>The proposal would hike the capital gains rate to 39.6% for&nbsp;those earning $1 million or more, up from 20% currently, according to Bloomberg News, citing people familiar with the matter. Reuters and the New York Times later also reported similar stories.</p><p><blockquote>据彭博新闻社援引知情人士的话称，该提案将把收入100万美元或以上的人的资本利得率从目前的20%提高到39.6%。路透社和《纽约时报》后来也报道了类似的故事。</blockquote></p><p>“We expect Congress will pass a scaled back version of this tax increase,” wrote Goldman Sachs economists in a note. “We expect Congress will settle on a more modest increase, potentially around 28%.”</p><p><blockquote>“高盛经济学家在一份报告中写道：”我们预计国会将通过此次增税的缩减版。“我们预计国会将决定更温和的增幅，可能在28%左右。”</blockquote></p><p>Week to date, the three major averages are all down about 1%.</p><p><blockquote>本周迄今为止，三大平均值均下跌约1%。</blockquote></p><p>Intel shares dropped more than 5% after it issued second-quarter earnings guidance&nbsp;below analysts’ hopes. American Express fell over 4% after the credit card company reported quarterly revenue that was slightly short of forecasts.</p><p><blockquote>英特尔发布的第二季度盈利指引低于分析师预期，股价下跌超过 5%。美国运通 (American Express) 公布季度收入略低于预期，股价下跌超过 4%。</blockquote></p><p>Snap shares, meanwhile, jumped 9% after it said&nbsp;it saw accelerating revenue growth and strong user numbers during the first quarter. Snap broke even on the bottom line while posting revenue of $770 million.</p><p><blockquote>与此同时，Snap股价上涨 9%，此前该公司表示第一季度收入增长加速，用户数量强劲。Snap实现了盈亏平衡，同时公布了 7.7 亿美元的收入。</blockquote></p><p>Corporations have for the most part managed to beat Wall Street’s forecasts thus far into earnings season. Still, strong first-quarter results have been met with a more tepid response from investors, who have not, to date, snapped up shares of companies with some of the best results.</p><p><blockquote>财报季到目前为止，各公司的业绩在很大程度上超出了华尔街的预测。尽管如此，强劲的第一季度业绩还是遭到了投资者的冷淡反应，迄今为止，投资者还没有抢购业绩最好的公司的股票。</blockquote></p><p>Strategists say already-high valuations and near-record-high levels on the S&amp;P 500 and Dow have kept traders’ enthusiasm in check. But indexes are within 1.5% of their all-time highs even after Thursday’s losses.</p><p><blockquote>策略师表示，标普500和道琼斯指数已经很高的估值以及接近历史新高的水平抑制了交易员的热情。但即使在周四下跌之后，股指仍距离历史高点不到 1.5%。</blockquote></p><p>Bitcoin&nbsp;plunged overnight, perhaps in part because of concerns about higher capital gains taxes, with the cryptocurrency last down about 8%, according to CoinMetrics. Other cryptocurrencies like Ethereum were also getting hit. So far, the sell-off there was not spilling over into other risk assets like equities.</p><p><blockquote>根据 CoinMetrics 的数据，比特币隔夜暴跌，部分原因可能是对更高资本利得税的担忧，加密货币最终下跌约 8%。以太币等其他加密货币也受到了打击。到目前为止，那里的抛售还没有蔓延到股票等其他风险资产。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SNAP":"Snap Inc","INTC":"英特尔",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101099559","content_text":"U.S. stocks rebounded on Friday as Wall Street reassessed concerns arising from news that the White House could seek a hike to the capital gains tax.The Dow Jones Industrial Average gained 200 points amid a jump in Goldman Sachs and Apple shares. The S&P 500 rose 1% led by financials and technology shares, while the tech-heavy Nasdaq Composite climbed 1.2%.Wall Street came off a turbulent session for equities after multiple news outlets reported Thursday afternoon that President Joe Biden is slated to propose much higher capital gains taxes for the rich.Bloomberg News reported that Biden is planning a capital gains tax hike to as high as 43.4% for wealthy Americans.The proposal would hike the capital gains rate to 39.6% for those earning $1 million or more, up from 20% currently, according to Bloomberg News, citing people familiar with the matter. Reuters and the New York Times later also reported similar stories.“We expect Congress will pass a scaled back version of this tax increase,” wrote Goldman Sachs economists in a note. “We expect Congress will settle on a more modest increase, potentially around 28%.”Week to date, the three major averages are all down about 1%.Intel shares dropped more than 5% after it issued second-quarter earnings guidance below analysts’ hopes. American Express fell over 4% after the credit card company reported quarterly revenue that was slightly short of forecasts.Snap shares, meanwhile, jumped 9% after it said it saw accelerating revenue growth and strong user numbers during the first quarter. Snap broke even on the bottom line while posting revenue of $770 million.Corporations have for the most part managed to beat Wall Street’s forecasts thus far into earnings season. Still, strong first-quarter results have been met with a more tepid response from investors, who have not, to date, snapped up shares of companies with some of the best results.Strategists say already-high valuations and near-record-high levels on the S&P 500 and Dow have kept traders’ enthusiasm in check. But indexes are within 1.5% of their all-time highs even after Thursday’s losses.Bitcoin plunged overnight, perhaps in part because of concerns about higher capital gains taxes, with the cryptocurrency last down about 8%, according to CoinMetrics. Other cryptocurrencies like Ethereum were also getting hit. So far, the sell-off there was not spilling over into other risk assets like equities.","news_type":1,"symbols_score_info":{"SNAP":0.9,".IXIC":0.9,".DJI":0.9,"INTC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2500,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376759802,"gmtCreate":1619151245907,"gmtModify":1634288156012,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579395105035655","authorIdStr":"3579395105035655"},"themes":[],"title":"","htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/376759802","repostId":"1141178573","repostType":4,"isVote":1,"tweetType":1,"viewCount":3180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378731593,"gmtCreate":1619059980212,"gmtModify":1634288847246,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579395105035655","authorIdStr":"3579395105035655"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/378731593","repostId":"2129808688","repostType":4,"isVote":1,"tweetType":1,"viewCount":2178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371422097,"gmtCreate":1618966944919,"gmtModify":1634289561813,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579395105035655","authorIdStr":"3579395105035655"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/371422097","repostId":"1123133666","repostType":4,"isVote":1,"tweetType":1,"viewCount":2330,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371004707,"gmtCreate":1618889215009,"gmtModify":1634290113455,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579395105035655","authorIdStr":"3579395105035655"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/371004707","repostId":"1129471770","repostType":4,"repost":{"id":"1129471770","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618793935,"share":"https://www.laohunote.com/m/news/1129471770?lang=zh_CN&edition=full","pubTime":"2021-04-19 08:58","market":"us","language":"en","title":"IPO Preview: UiPath Inc, KnowBe4, Zymergen, Latham Holdings Highlight Busy Week Of Offerings<blockquote>IPO 预览：UiPath Inc、KnowBe4、Zymergen、Latham Holdings 强调繁忙的一周发行</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129471770","media":"Benzinga Earnings","summary":"This week’s offerings don’t have quite the same high profile as last week's highly anticipated IPO o","content":"<p>This week’s offerings don’t have quite the same high profile as last week's highly anticipated IPO of<b>Coinbase Global</b>COIN 5.96%. Nevertheless, there are several excitingIPOsthat investors should consider this week, including UiPath and Latham Holdings.</p><p><blockquote>本周的IPO没有上周备受期待的IPO那么引人注目。<b>比特币基地全球</b>硬币5.96%。尽管如此，投资者本周仍有几个令人兴奋的帖子值得考虑，包括 UiPath 和 Latham Holdings。</blockquote></p><p>Here is a look at the expected IPO pricings for the week of April 19.</p><p><blockquote>以下是 4 月 19 日当周的预期 IPO 定价。</blockquote></p><p><b>DoubleVerify Holdings:</b>&nbsp;Digital media measurement and analytics company<b>DoubleVerify Holdings</b>&nbsp;NYSE:&nbsp;DV&nbsp;plansto sell 13.3 million shares at a price point of $24 to $27.</p><p><blockquote><b>双重验证控股：</b>数字媒体测量和分析公司<b>双重验证控股</b>纽约证券交易所：DV plansto 以 24 至 27 美元的价格出售 1,330 万股股票。</blockquote></p><p>The company makes security software for digital advertising and claims to have over 1,000 advertisers and publishers as partners, and more than 45 customers that each account for $1 million in annual revenue for DoubleVerify.</p><p><blockquote>该公司为数字广告生产安全软件，并声称拥有超过1000家广告商和出版商作为合作伙伴，以及超过45家客户，每个客户为DoubleVerify带来了100万美元的年收入。</blockquote></p><p>The company had revenue of $244 million in fiscal 2020, a year-over-year increase of 34%.</p><p><blockquote>该公司2020财年营收为2.44亿美元，同比增长34%。</blockquote></p><p><b>NeuroPace:</b>&nbsp;Commercial-stage medical device company<b>NeuroPace</b>&nbsp;NASDAQ:&nbsp;NPCE&nbsp;says it&nbsp;hasthe first and only commercially-available, brain-responsive system to help fight seizures.</p><p><blockquote><b>神经起搏：</b>商业阶段医疗器械公司<b>NeuroPace</b>纳斯达克：NPCE表示，它拥有第一个也是唯一一个商业化的大脑反应系统来帮助对抗癫痫发作。</blockquote></p><p>The company’s target market is customers who have drug-resistant epilepsy. Over 3,000 patients were&nbsp;served by the company through 2020. Neuropace had revenue of $10 million in fiscal 2020 and is guiding for fiscal 2021 revenue of between $11.1 million and $11.3 million.</p><p><blockquote>该公司的目标市场是患有耐药性癫痫的客户。截至 2020 年，该公司已为超过 3,000 名患者提供服务。Neuropace 2020财年的收入为1000万美元，预计2021财年的收入在1110万美元至1130万美元之间。</blockquote></p><p>Over $28 billion is spent annually on epilepsy care in the United States. The company plans to sell 5.3 million shares at a price point of $15 to $17.</p><p><blockquote>在美国，每年在癫痫护理上花费超过280亿美元。该公司计划以15至17美元的价格出售530万股股票。</blockquote></p><p><b>UiPath:</b>Thebiggest IPOof the week is set to be automation company<b>UiPath Inc</b>NYSEPATH, with aplannedoffering of 21.3 million shares at a price point of $43 to $50.</p><p><blockquote><b>UiPath：</b>本周最大的 IPO 将是自动化公司<b>UiPath公司</b>NYSEPATH，计划以43至50美元的价格发行2130万股股票。</blockquote></p><p>The company “makes software robots so people don’t have to be robots.” The company had annual recurring revenue of $580 million in the fiscal year ended January 31, 2021, for a growth rate of 65%.&nbsp;UiPath says it has over 7,900 customers, with over 1,000 of them paying $100,000 or more annually to the company.</p><p><blockquote>该公司 “制造软件机器人，这样人们就不必成为机器人了”。在截至2021年1月31日的财年，该公司的年经常性收入为5.8亿美元，增长率为65%。UiPath表示，它有7900多名客户，其中1000多名客户每年向公司支付10万美元或以上。</blockquote></p><p>The company is targeting a market opportunity of $65 billion and believes its open architecture and end-to-end platform set it apart from competitors.</p><p><blockquote>该公司的目标是650亿美元的市场机会，并相信其开放架构和端到端平台使其从竞争对手中脱颖而出。</blockquote></p><p><b>SkyWater Technology:</b>Pure-play technology foundry<b>SkyWater Technology</b>&nbsp;NASDAQ:&nbsp;SKYT&nbsp;offerssemiconductor development and manufacturing services, targeting&nbsp;customers in markets like advanced computing, aerospace, defense, automotive and IoT.</p><p><blockquote><b>天水科技：</b>纯玩技术铸造厂<b>天水科技</b>纳斯达克：SKYT 提供半导体开发和制造服务，面向先进计算、航空航天、国防、汽车和物联网等市场的客户。</blockquote></p><p>The company has 35 customers in its advanced technology services including L3Harris and<b>Microsoft Corporation</b>MSFT 0.48%. SkyWater was divested from Cypress Semiconductor in 2017. The company had revenue of $140.4 million in 2020.</p><p><blockquote>该公司拥有 35 家先进技术服务客户，包括 L3Harris 和<b>微软公司</b>MSFT 0.48%。天水于2017年从赛普拉斯半导体剥离。该公司2020年收入为1.404亿美元。</blockquote></p><p>SkyWater plans to sell 5.8 million shares at a price point of $12 to $14.</p><p><blockquote>SkyWater计划以12至14美元的价格出售580万股股票。</blockquote></p><p><b>KnowBe4:</b>Security platform<b>KnowBe4 Inc</b>&nbsp;NASDAQ:&nbsp;KNBE&nbsp;isseekingto sell 11.8 million shares at a price point of $16 to $18.</p><p><blockquote><b>已知4：</b>安全平台<b>KnowBe4公司</b>纳斯达克：KNBE 寻求以 16 至 18 美元的价格出售 1180 万股股票。</blockquote></p><p>The company serves over 37,000 customers globally in markets worth $15 billion. The company had 45% revenue growth and $198 million in annual recurring revenue last year. It plans to rapidly grow its international operations, which made up 11.9% of revenue in fiscal 2020.</p><p><blockquote>该公司在价值 150 亿美元的市场中为全球超过 37,000 名客户提供服务。该公司去年的收入增长了 45%，年度经常性收入为 1.98 亿美元。该公司计划快速增长其国际业务，该业务占 2020 财年收入的 11.9%。</blockquote></p><p><b>Zymergen: \"</b>Biofacturing\" company<b>Zymergen</b>&nbsp;NASDAQ:&nbsp;ZY&nbsp;plansto sell 13.6 million shares at a price of $28 to $31.</p><p><blockquote><b>齐默根：“</b>生物制造”公司<b>齐默根</b>纳斯达克：ZY plansto 以 28 至 31 美元的价格出售 1360 万股股票。</blockquote></p><p>The company is working on bio-based products including films that could be used in rollable mobile tablet devices.</p><p><blockquote>该公司正在开发生物基产品，包括可用于可卷曲移动平板设备的薄膜。</blockquote></p><p>The company’s first product, Hyaline, was launched in December 2020, and an additional 10 products are in development. The biofacturing market is worth $1.2 trillion. according to the company.</p><p><blockquote>该公司的首款产品 Hyaline 于 2020 年 12 月推出，另有 10 款产品正在开发中。生物制造市场价值1.2万亿美元。据该公司称。</blockquote></p><p><b>Agiliti:</b>Healthcare service provider&nbsp;<b>Agiliti Inc</b>NYSEAGTIsays it&nbsp;hasa customer base of over 7,0000 networks and that&nbsp;90% of U.S. acute and alternate care facilities are within a 100-mile radius of an Agiliti service center. The company is seeking to sell 26.3 million shares at a price point of $18 to $20.</p><p><blockquote><b>敏捷性：</b>医疗保健服务提供商<b>敏捷公司</b>纽约证券交易所表示，它拥有超过7000个网络的客户群，90%的美国急性和替代护理机构都在敏捷服务中心100英里半径范围内。该公司寻求以 18 至 20 美元的价格出售 2630 万股股票。</blockquote></p><p><b>Latham Group:</b>A designer, manufacturer and marketer of in-ground residential pools in North America, Australia and New Zealandplansto go public this week.</p><p><blockquote><b>莱瑟姆集团：</b>北美、澳大利亚和新西兰地下住宅游泳池的设计师、制造商和营销商计划于本周上市。</blockquote></p><p><b>Latham Group</b>&nbsp;NASDAQ:&nbsp;SWIM&nbsp;plans to sell 20 million shares at a price point of $19 to $21.</p><p><blockquote><b>莱瑟姆集团</b>纳斯达克：SWIM 计划以 19 至 21 美元的价格出售 2000 万股股票。</blockquote></p><p>The company sells fiberglass products that are more durable and use less chemicals, according to the company. Latham sold 8,700 fiberglass pools in 2020 and reported its 11th consecutive year of net sales growth.</p><p><blockquote>据该公司称，该公司销售更耐用、使用更少化学物质的玻璃纤维产品。Latham 在 2020 年售出了 8,700 个玻璃纤维泳池，并报告连续第 11 年净销售额增长。</blockquote></p><p>The company had revenue of $408 million in fiscal 2020, and&nbsp;59% of it came from in-ground pool sales.</p><p><blockquote>该公司2020财年的收入为4.08亿美元，其中59%来自地下泳池销售。</blockquote></p><p>In 2018, the company shifted from a business-to-business model to business-to-consumer, making it&nbsp;the only pool company with a direct relationship to the homeowner, according to the company.</p><p><blockquote>据该公司称，2018年，该公司从企业对企业模式转向企业对消费者模式，使其成为唯一一家与房主有直接关系的泳池公司。</blockquote></p><p></p><p>Fiberglass pools are still a small market in North America compared to international markets, Latham says. The company claims to have a No. 1 market-share position in all the categories it competes in for the North American market.</p><p><blockquote>莱瑟姆说，与国际市场相比，玻璃纤维泳池在北美仍然是一个小市场。该公司声称在其争夺北美市场的所有类别中都拥有第一的市场份额。</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>IPO Preview: UiPath Inc, KnowBe4, Zymergen, Latham Holdings Highlight Busy Week Of Offerings<blockquote>IPO 预览：UiPath Inc、KnowBe4、Zymergen、Latham Holdings 强调繁忙的一周发行</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIPO Preview: UiPath Inc, KnowBe4, Zymergen, Latham Holdings Highlight Busy Week Of Offerings<blockquote>IPO 预览：UiPath Inc、KnowBe4、Zymergen、Latham Holdings 强调繁忙的一周发行</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-04-19 08:58</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>This week’s offerings don’t have quite the same high profile as last week's highly anticipated IPO of<b>Coinbase Global</b>COIN 5.96%. Nevertheless, there are several excitingIPOsthat investors should consider this week, including UiPath and Latham Holdings.</p><p><blockquote>本周的IPO没有上周备受期待的IPO那么引人注目。<b>比特币基地全球</b>硬币5.96%。尽管如此，投资者本周仍有几个令人兴奋的帖子值得考虑，包括 UiPath 和 Latham Holdings。</blockquote></p><p>Here is a look at the expected IPO pricings for the week of April 19.</p><p><blockquote>以下是 4 月 19 日当周的预期 IPO 定价。</blockquote></p><p><b>DoubleVerify Holdings:</b>&nbsp;Digital media measurement and analytics company<b>DoubleVerify Holdings</b>&nbsp;NYSE:&nbsp;DV&nbsp;plansto sell 13.3 million shares at a price point of $24 to $27.</p><p><blockquote><b>双重验证控股：</b>数字媒体测量和分析公司<b>双重验证控股</b>纽约证券交易所：DV plansto 以 24 至 27 美元的价格出售 1,330 万股股票。</blockquote></p><p>The company makes security software for digital advertising and claims to have over 1,000 advertisers and publishers as partners, and more than 45 customers that each account for $1 million in annual revenue for DoubleVerify.</p><p><blockquote>该公司为数字广告生产安全软件，并声称拥有超过1000家广告商和出版商作为合作伙伴，以及超过45家客户，每个客户为DoubleVerify带来了100万美元的年收入。</blockquote></p><p>The company had revenue of $244 million in fiscal 2020, a year-over-year increase of 34%.</p><p><blockquote>该公司2020财年营收为2.44亿美元，同比增长34%。</blockquote></p><p><b>NeuroPace:</b>&nbsp;Commercial-stage medical device company<b>NeuroPace</b>&nbsp;NASDAQ:&nbsp;NPCE&nbsp;says it&nbsp;hasthe first and only commercially-available, brain-responsive system to help fight seizures.</p><p><blockquote><b>神经起搏：</b>商业阶段医疗器械公司<b>NeuroPace</b>纳斯达克：NPCE表示，它拥有第一个也是唯一一个商业化的大脑反应系统来帮助对抗癫痫发作。</blockquote></p><p>The company’s target market is customers who have drug-resistant epilepsy. Over 3,000 patients were&nbsp;served by the company through 2020. Neuropace had revenue of $10 million in fiscal 2020 and is guiding for fiscal 2021 revenue of between $11.1 million and $11.3 million.</p><p><blockquote>该公司的目标市场是患有耐药性癫痫的客户。截至 2020 年，该公司已为超过 3,000 名患者提供服务。Neuropace 2020财年的收入为1000万美元，预计2021财年的收入在1110万美元至1130万美元之间。</blockquote></p><p>Over $28 billion is spent annually on epilepsy care in the United States. The company plans to sell 5.3 million shares at a price point of $15 to $17.</p><p><blockquote>在美国，每年在癫痫护理上花费超过280亿美元。该公司计划以15至17美元的价格出售530万股股票。</blockquote></p><p><b>UiPath:</b>Thebiggest IPOof the week is set to be automation company<b>UiPath Inc</b>NYSEPATH, with aplannedoffering of 21.3 million shares at a price point of $43 to $50.</p><p><blockquote><b>UiPath：</b>本周最大的 IPO 将是自动化公司<b>UiPath公司</b>NYSEPATH，计划以43至50美元的价格发行2130万股股票。</blockquote></p><p>The company “makes software robots so people don’t have to be robots.” The company had annual recurring revenue of $580 million in the fiscal year ended January 31, 2021, for a growth rate of 65%.&nbsp;UiPath says it has over 7,900 customers, with over 1,000 of them paying $100,000 or more annually to the company.</p><p><blockquote>该公司 “制造软件机器人，这样人们就不必成为机器人了”。在截至2021年1月31日的财年，该公司的年经常性收入为5.8亿美元，增长率为65%。UiPath表示，它有7900多名客户，其中1000多名客户每年向公司支付10万美元或以上。</blockquote></p><p>The company is targeting a market opportunity of $65 billion and believes its open architecture and end-to-end platform set it apart from competitors.</p><p><blockquote>该公司的目标是650亿美元的市场机会，并相信其开放架构和端到端平台使其从竞争对手中脱颖而出。</blockquote></p><p><b>SkyWater Technology:</b>Pure-play technology foundry<b>SkyWater Technology</b>&nbsp;NASDAQ:&nbsp;SKYT&nbsp;offerssemiconductor development and manufacturing services, targeting&nbsp;customers in markets like advanced computing, aerospace, defense, automotive and IoT.</p><p><blockquote><b>天水科技：</b>纯玩技术铸造厂<b>天水科技</b>纳斯达克：SKYT 提供半导体开发和制造服务，面向先进计算、航空航天、国防、汽车和物联网等市场的客户。</blockquote></p><p>The company has 35 customers in its advanced technology services including L3Harris and<b>Microsoft Corporation</b>MSFT 0.48%. SkyWater was divested from Cypress Semiconductor in 2017. The company had revenue of $140.4 million in 2020.</p><p><blockquote>该公司拥有 35 家先进技术服务客户，包括 L3Harris 和<b>微软公司</b>MSFT 0.48%。天水于2017年从赛普拉斯半导体剥离。该公司2020年收入为1.404亿美元。</blockquote></p><p>SkyWater plans to sell 5.8 million shares at a price point of $12 to $14.</p><p><blockquote>SkyWater计划以12至14美元的价格出售580万股股票。</blockquote></p><p><b>KnowBe4:</b>Security platform<b>KnowBe4 Inc</b>&nbsp;NASDAQ:&nbsp;KNBE&nbsp;isseekingto sell 11.8 million shares at a price point of $16 to $18.</p><p><blockquote><b>已知4：</b>安全平台<b>KnowBe4公司</b>纳斯达克：KNBE 寻求以 16 至 18 美元的价格出售 1180 万股股票。</blockquote></p><p>The company serves over 37,000 customers globally in markets worth $15 billion. The company had 45% revenue growth and $198 million in annual recurring revenue last year. It plans to rapidly grow its international operations, which made up 11.9% of revenue in fiscal 2020.</p><p><blockquote>该公司在价值 150 亿美元的市场中为全球超过 37,000 名客户提供服务。该公司去年的收入增长了 45%，年度经常性收入为 1.98 亿美元。该公司计划快速增长其国际业务，该业务占 2020 财年收入的 11.9%。</blockquote></p><p><b>Zymergen: \"</b>Biofacturing\" company<b>Zymergen</b>&nbsp;NASDAQ:&nbsp;ZY&nbsp;plansto sell 13.6 million shares at a price of $28 to $31.</p><p><blockquote><b>齐默根：“</b>生物制造”公司<b>齐默根</b>纳斯达克：ZY plansto 以 28 至 31 美元的价格出售 1360 万股股票。</blockquote></p><p>The company is working on bio-based products including films that could be used in rollable mobile tablet devices.</p><p><blockquote>该公司正在开发生物基产品，包括可用于可卷曲移动平板设备的薄膜。</blockquote></p><p>The company’s first product, Hyaline, was launched in December 2020, and an additional 10 products are in development. The biofacturing market is worth $1.2 trillion. according to the company.</p><p><blockquote>该公司的首款产品 Hyaline 于 2020 年 12 月推出，另有 10 款产品正在开发中。生物制造市场价值1.2万亿美元。据该公司称。</blockquote></p><p><b>Agiliti:</b>Healthcare service provider&nbsp;<b>Agiliti Inc</b>NYSEAGTIsays it&nbsp;hasa customer base of over 7,0000 networks and that&nbsp;90% of U.S. acute and alternate care facilities are within a 100-mile radius of an Agiliti service center. The company is seeking to sell 26.3 million shares at a price point of $18 to $20.</p><p><blockquote><b>敏捷性：</b>医疗保健服务提供商<b>敏捷公司</b>纽约证券交易所表示，它拥有超过7000个网络的客户群，90%的美国急性和替代护理机构都在敏捷服务中心100英里半径范围内。该公司寻求以 18 至 20 美元的价格出售 2630 万股股票。</blockquote></p><p><b>Latham Group:</b>A designer, manufacturer and marketer of in-ground residential pools in North America, Australia and New Zealandplansto go public this week.</p><p><blockquote><b>莱瑟姆集团：</b>北美、澳大利亚和新西兰地下住宅游泳池的设计师、制造商和营销商计划于本周上市。</blockquote></p><p><b>Latham Group</b>&nbsp;NASDAQ:&nbsp;SWIM&nbsp;plans to sell 20 million shares at a price point of $19 to $21.</p><p><blockquote><b>莱瑟姆集团</b>纳斯达克：SWIM 计划以 19 至 21 美元的价格出售 2000 万股股票。</blockquote></p><p>The company sells fiberglass products that are more durable and use less chemicals, according to the company. Latham sold 8,700 fiberglass pools in 2020 and reported its 11th consecutive year of net sales growth.</p><p><blockquote>据该公司称，该公司销售更耐用、使用更少化学物质的玻璃纤维产品。Latham 在 2020 年售出了 8,700 个玻璃纤维泳池，并报告连续第 11 年净销售额增长。</blockquote></p><p>The company had revenue of $408 million in fiscal 2020, and&nbsp;59% of it came from in-ground pool sales.</p><p><blockquote>该公司2020财年的收入为4.08亿美元，其中59%来自地下泳池销售。</blockquote></p><p>In 2018, the company shifted from a business-to-business model to business-to-consumer, making it&nbsp;the only pool company with a direct relationship to the homeowner, according to the company.</p><p><blockquote>据该公司称，2018年，该公司从企业对企业模式转向企业对消费者模式，使其成为唯一一家与房主有直接关系的泳池公司。</blockquote></p><p></p><p>Fiberglass pools are still a small market in North America compared to international markets, Latham says. The company claims to have a No. 1 market-share position in all the categories it competes in for the North American market.</p><p><blockquote>莱瑟姆说，与国际市场相比，玻璃纤维泳池在北美仍然是一个小市场。该公司声称在其争夺北美市场的所有类别中都拥有第一的市场份额。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NPCE":"NeuroPace Inc.","DV":"DoubleVerify Holdings, Inc.","SKYT":"SkyWater Technology, Inc.","PATH":"UiPath","SWIM":"Latham Group, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129471770","content_text":"This week’s offerings don’t have quite the same high profile as last week's highly anticipated IPO ofCoinbase GlobalCOIN 5.96%. Nevertheless, there are several excitingIPOsthat investors should consider this week, including UiPath and Latham Holdings.Here is a look at the expected IPO pricings for the week of April 19.DoubleVerify Holdings: Digital media measurement and analytics companyDoubleVerify Holdings NYSE: DV plansto sell 13.3 million shares at a price point of $24 to $27.The company makes security software for digital advertising and claims to have over 1,000 advertisers and publishers as partners, and more than 45 customers that each account for $1 million in annual revenue for DoubleVerify.The company had revenue of $244 million in fiscal 2020, a year-over-year increase of 34%.NeuroPace: Commercial-stage medical device companyNeuroPace NASDAQ: NPCE says it hasthe first and only commercially-available, brain-responsive system to help fight seizures.The company’s target market is customers who have drug-resistant epilepsy. Over 3,000 patients were served by the company through 2020. Neuropace had revenue of $10 million in fiscal 2020 and is guiding for fiscal 2021 revenue of between $11.1 million and $11.3 million.Over $28 billion is spent annually on epilepsy care in the United States. The company plans to sell 5.3 million shares at a price point of $15 to $17.UiPath:Thebiggest IPOof the week is set to be automation companyUiPath IncNYSEPATH, with aplannedoffering of 21.3 million shares at a price point of $43 to $50.The company “makes software robots so people don’t have to be robots.” The company had annual recurring revenue of $580 million in the fiscal year ended January 31, 2021, for a growth rate of 65%. UiPath says it has over 7,900 customers, with over 1,000 of them paying $100,000 or more annually to the company.The company is targeting a market opportunity of $65 billion and believes its open architecture and end-to-end platform set it apart from competitors.SkyWater Technology:Pure-play technology foundrySkyWater Technology NASDAQ: SKYT offerssemiconductor development and manufacturing services, targeting customers in markets like advanced computing, aerospace, defense, automotive and IoT.The company has 35 customers in its advanced technology services including L3Harris andMicrosoft CorporationMSFT 0.48%. SkyWater was divested from Cypress Semiconductor in 2017. The company had revenue of $140.4 million in 2020.SkyWater plans to sell 5.8 million shares at a price point of $12 to $14.KnowBe4:Security platformKnowBe4 Inc NASDAQ: KNBE isseekingto sell 11.8 million shares at a price point of $16 to $18.The company serves over 37,000 customers globally in markets worth $15 billion. The company had 45% revenue growth and $198 million in annual recurring revenue last year. It plans to rapidly grow its international operations, which made up 11.9% of revenue in fiscal 2020.Zymergen: \"Biofacturing\" companyZymergen NASDAQ: ZY plansto sell 13.6 million shares at a price of $28 to $31.The company is working on bio-based products including films that could be used in rollable mobile tablet devices.The company’s first product, Hyaline, was launched in December 2020, and an additional 10 products are in development. The biofacturing market is worth $1.2 trillion. according to the company.Agiliti:Healthcare service provider Agiliti IncNYSEAGTIsays it hasa customer base of over 7,0000 networks and that 90% of U.S. acute and alternate care facilities are within a 100-mile radius of an Agiliti service center. The company is seeking to sell 26.3 million shares at a price point of $18 to $20.Latham Group:A designer, manufacturer and marketer of in-ground residential pools in North America, Australia and New Zealandplansto go public this week.Latham Group NASDAQ: SWIM plans to sell 20 million shares at a price point of $19 to $21.The company sells fiberglass products that are more durable and use less chemicals, according to the company. Latham sold 8,700 fiberglass pools in 2020 and reported its 11th consecutive year of net sales growth.The company had revenue of $408 million in fiscal 2020, and 59% of it came from in-ground pool sales.In 2018, the company shifted from a business-to-business model to business-to-consumer, making it the only pool company with a direct relationship to the homeowner, according to the company.Fiberglass pools are still a small market in North America compared to international markets, Latham says. The company claims to have a No. 1 market-share position in all the categories it competes in for the North American market.","news_type":1,"symbols_score_info":{"KNBE":0.9,"SKYT":0.9,"AGTI":0.9,"ZY":0.9,"NPCE":0.9,"PATH":0.9,"DV":0.9,"SWIM":0.9}},"isVote":1,"tweetType":1,"viewCount":2316,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373025284,"gmtCreate":1618805007348,"gmtModify":1634290799725,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579395105035655","authorIdStr":"3579395105035655"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/373025284","repostId":"1181769877","repostType":4,"repost":{"id":"1181769877","kind":"news","pubTimestamp":1618804724,"share":"https://www.laohunote.com/m/news/1181769877?lang=zh_CN&edition=full","pubTime":"2021-04-19 11:58","market":"us","language":"en","title":"\"Stunning Divergence\": Latest Bank Data Reveals Something Is Terminally Broken In The Financial System<blockquote>“惊人的分歧”：最新银行数据揭示金融体系中的某些东西已经彻底崩溃</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1181769877","media":"zerohedge","summary":"There was a remarkable disclosure in thelatest JPMorgan earnings report: the largest US bank -an ent","content":"<p>There was a remarkable disclosure in thelatest JPMorgan earnings report: the largest US bank -<i><b>an entity that historically has best been known for making loans to the broader population</b></i>- reported that in Q1 its total deposits rose by a<b>whopping 24% Y/Y</b>and<b>up 6%</b>from Q4, to $2.278 trillion, while the total amount of loans issued by the bank was virtually flat sequentially at $1.011 trillion, and<b>down4%</b>from a year ago.</p><p><blockquote>摩根大通最新的收益报告中披露了一个引人注目的信息：美国最大的银行 -<i><b>历史上以向广大民众提供贷款而闻名的实体</b></i>- 据报道，第一季度其存款总额增加了<b>同比高达 24%</b>和<b>上涨6%</b>从第四季度开始，银行发放贷款总额为 2.278 万亿美元，而银行发放的贷款总额几乎持平，为 1.011 万亿美元，并且<b>下降4%</b>从一年前开始。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/cbd35c95e3ba4eaeaa213b19b6e6b5cc\" tg-width=\"500\" tg-height=\"251\">In other words, for the first time in its history,<b>JPM had 100% more deposits than loans, or inversely, the ratio of loans to deposits dropped below 50% for the third quarter in a row after plunging in the aftermath of the covid pandemic:</b></p><p><blockquote>换句话说，历史上第一次，<b>摩根大通的存款比贷款多 100%，反之亦然，在新冠疫情后暴跌后，贷存比连续第三个季度跌破 50%：</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/88af739d0bd73ca752ba72a295368d53\" tg-width=\"500\" tg-height=\"288\">An even more stunning divergence between total deposits and loans, emerges at Bank of America where deposits similarly hit a new all time high of $1.88 trillion, even as the bank's loans have continued to shrink at an alarming, deleveraging (and<i><b>deflationary</b></i>) pace and are now at $911 billion,<b>below their level during the great financial crisis:</b><b><u>in other words, there has been 12 years with zero loan growth at Bank of America</u></b><b>!</b></p><p><blockquote>美国银行的存款和贷款总额之间出现了更加惊人的差异，尽管该银行的贷款继续以惊人的去杠杆化（和<i><b>通货紧缩的</b></i>) 步伐，目前为 9110 亿美元，<b>低于金融危机期间的水平：</b><b><u>换句话说，美国银行已经有12年的贷款零增长</u></b><b>!</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0a1febc12a0eabe3e22c432aa693e58d\" tg-width=\"500\" tg-height=\"289\">It's not any better at either Citigroup...</p><p><blockquote>花旗集团的情况也好不到哪里去……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6a99c5af10fb3b98af9f6769114dc873\" tg-width=\"500\" tg-height=\"290\">... or even Wells Fargo (which while having been limited by the Fed in how much loans it can issue, apparently has had no limit on how many deposits it can collect):</p><p><blockquote>...甚至富国银行（虽然美联储限制了其可以发放的贷款数量，但显然对其可以收取的存款数量没有限制）：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/187ef83b0ba80c5d8df469d36aab390e\" tg-width=\"500\" tg-height=\"290\">Summarizing the above data, we get the following picture breaking down total loans by Big-4 bank:</p><p><blockquote>总结上述数据，我们得到以下四大银行对贷款总额的细分图：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/cee3e3866c508adf5bddca1cab9d8109\" tg-width=\"500\" tg-height=\"273\">And total deposits.</p><p><blockquote>和存款总额。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0a14f5b3ebc875449fba6a946a15f7e4\" tg-width=\"500\" tg-height=\"275\"><b>Finally, aggregating the data across the big 4 banks shows something striking: there has been no loan growth since the global financial crisis, while total deposits have doubled!</b></p><p><blockquote><b>最后，汇总四大银行的数据显示了一些惊人的事情：自全球金融危机以来，贷款没有增长，而存款总额却翻了一番!</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/076ebbb5a6a365b1a770360d671cc3c2\" tg-width=\"500\" tg-height=\"289\">There are two major implications one should draw from the collapsing loan-to-deposit ratio. The first, more superficial one is that this ratio is a closely watched metric that measures how much lending a bank is doing when compared to its capacity to lend.</p><p><blockquote>人们应该从贷存比的崩溃中得出两个主要含义。第一个也是更肤浅的一个是，该比率是一个受到密切关注的指标，它衡量银行的贷款与其贷款能力相比有多少。</blockquote></p><p> The second, and far more profound implication, is arguably the most fundamental question in modern fractional reserve banking: what comes first, loans or deposits, in other words do private, commercial banks create the money in circulation (by first lending it out) or is the central bank responsible for money creation?</p><p><blockquote>第二个，也是更深刻的含义，可以说是现代部分准备金银行中最基本的问题：贷款和存款哪个先出现，换句话说，是私人商业银行创造了流通中的货币（通过首先放贷），还是中央银行负责创造货币？</blockquote></p><p> One thing that is now beyond debate:<b>there are now far more deposits than there are loans in the US banking system.</b></p><p><blockquote>现在有一件事无可争议：<b>美国银行系统现在的存款远远多于贷款。</b></blockquote></p><p> This is a problem because most conventional monetarists will argue that loans always come first, and only then do banks receive deposits.</p><p><blockquote>这是一个问题，因为大多数传统货币主义者会认为贷款总是第一位的，只有这样银行才会收到存款。</blockquote></p><p> It gets worse: as everyone now knows, we live in an MMT world where the Fed and Treasury have merged and where one basically monetizes what the other has to sell. And since the rainbows and unicorns world of MMT says that there is nothing to worry about from such debt monetization, even respected economists have been swept into this absolute idiocy and are urging the US to issue as much debt as it possibly can (with the Biden administration glad to oblige).</p><p><blockquote>情况变得更糟：众所周知，我们生活在一个 MMT 世界，美联储和财政部已经合并，其中一个基本上将另一个必须出售的东西货币化。由于MMT的彩虹和独角兽世界表示，这种债务货币化没有什么可担心的，即使是受人尊敬的经济学家也被卷入了这种绝对的愚蠢行为，并敦促美国发行尽可能多的债务（拜登政府很乐意这样做）。</blockquote></p><p> There is just one problem: as of this moment, the core tenet of MMT is no longer applicable. As a reminder, according to MMT<b>loans create deposits not the other way around,</b>and this socialist crackpot theory further claims that Reserve balances have nothing to do with this – they are part of the banking system that ensure financial stability. Don't believe us? Watch the following clip from one of the priests of MMT, Warrn Mosler who explains how \"<b>loans create deposits.\"</b>Only... clearly that's no longer the case, and the<b>empirical data shown above makes patently obvious that the core, anchor theory of MMT on which all its other laughable theories are built is false,</b>with huge consequences for a world that has thrown its future into a world prescribed by said crackpot theory.</p><p><blockquote>只有一个问题：到目前为止，MMT的核心原则不再适用。提醒一下，根据MMT<b>贷款创造存款，而不是相反，</b>这种社会主义疯狂理论进一步声称，准备金余额与此无关——它们是确保金融稳定的银行体系的一部分。不相信我们？观看以下来自MMT牧师之一Warrn Mosler的片段，他解释了如何“<b>贷款创造存款。”</b>只是……...显然不再是这样了，<b>上面显示的经验数据清楚地表明，MMT的核心、锚定理论是建立在其所有其他可笑理论之上的，</b>这对一个把自己的未来扔进一个由上述疯狂理论规定的世界来说是巨大的后果。</blockquote></p><p> <b>The recent loan and deposit data also means that the conventional process of deposit creation via loans is terminally broken.</b></p><p><blockquote><b>最近的贷款和存款数据也意味着通过贷款创造存款的传统过程被彻底打破。</b></blockquote></p><p></p><p> Indeed, that's precisely the case with the missing link being - drumroll - the Fed,as we explained all the way back, in 2014. Here is the punchline of what we said then, when we did a similar analysis observing what was already a record amount of excess deposits over loans:</p><p><blockquote>事实上，正如我们在 2014 年解释的那样，缺失的一环就是美联储。以下是我们当时所说的笑点，当时我们进行了类似的分析，观察到超额存款超过贷款的数量已经达到创纪录的水平：</blockquote></p><p>   ... how does the record mismatch between deposits and loans look like? Well, for the Big 4 US banks, JPM, Wells, BofA and Citi it looks as follows.  <img src=\"https://static.tigerbbs.com/f936cf95378ced614eae0d4a4442defc\" tg-width=\"500\" tg-height=\"305\">What the above chart simply shows is the breakdown in the Excess Deposit over Loan series, which is shown in the chart below, which tracks the historical change in commercial bank loans and deposits. What is immediately obvious is that while loans and deposits moved hand in hand for most of history, starting with the collapse of Lehman loan creation has been virtually non-existent (total loans are now at levels seen at the time of Lehman's collapse) while deposits have risen to just about $10 trillion.<b>It is here that the Fed's excess reserves have gone - the delta between the two is almost precisely the total amount ofreserves injectedby the Fed since the Lehman crisis.</b></p><p><blockquote>...存款和贷款之间的记录错配是什么样子的？对于美国四大银行，摩根大通、富国银行、美国银行和花旗来说，情况如下。上图简单显示的是超额存款超过贷款系列的明细，如下图所示，该系列跟踪了商业银行贷款和存款的历史变化。显而易见的是，虽然贷款和存款在历史上的大部分时间里是携手并进的，但从雷曼倒闭开始，贷款创造实际上已经不存在了（贷款总额现在处于雷曼倒闭时的水平），而存款已经上升到大约10万亿美元。<b>这就是美联储超额准备金消失的地方——两者之间的差值几乎正好是自雷曼危机以来美联储注入的准备金总额。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/5579de247a3b78c403d7a2a488f8e612\" tg-width=\"500\" tg-height=\"331\">So what does all of this mean? In a nutshell, with the Fed now tapering QE and deposit formation slowing, banks will have no choice but to issue loans to offset the lack of outside money injection by the Fed. In other words, while bank \"deposits\" have already experienced the benefit of \"future inflation\", and have manifested it in the stock market, it is now the turn of the matching asset to catch up. Which also means that while \"deposit\" growth (i.e., parked reserves) in the future will slow to a trickle, banks will have no choice but to flood the country with $2.5 trillion in loans, or a third of the currently outstanding loans,<b>just to catch up to the head start provided by the Fed!</b></p><p><blockquote>那么这一切意味着什么呢？简而言之，随着美联储现在缩减QE，存款形成放缓，银行将别无选择，只能发放贷款来抵消美联储外部资金注入的不足。也就是说，虽然银行“存款”已经尝到了“未来通胀”的甜头，并在股市上有所体现，但现在轮到匹配资产迎头赶上了。这也意味着，尽管未来“存款”增长（即停放的准备金）将放缓至涓涓细流，但银行将别无选择，只能向美国注入2.5万亿美元的贷款，即目前未偿还贷款的三分之一，<b>只是为了赶上美联储提供的领先优势!</b></blockquote></p><p> <b>It is this loan creation that will jump start inside money and the flow through to the economy, resulting in the long-overdue growth.</b>It is also this loan creation that means banks will no longer speculate as prop traders with the excess liquidity but go back to their roots as lenders.<b>Most importantly, once banks launch this wholesale lending effort, it is then and only then that the true pernicious inflation from what the Fed has done in the past 5 years will finally rear its ugly head</b>.</p><p><blockquote><b>正是这种贷款创造将启动资金并流入经济，从而实现期待已久的增长。</b>也正是这种贷款创造意味着银行将不再作为拥有过剩流动性的道具交易者进行投机，而是回归其作为贷款人的根源。<b>最重要的是，一旦银行开始大规模放贷，只有到那时，美联储在过去5年中所做的事情所造成的真正恶性通货膨胀才会最终抬头</b>.</blockquote></p><p> It will also come as no surprise to anyone, that updating the chart we first showed in 2014 correctly explains today's reality, something which MMT is completely incapable of doing: as shown below the excess deposits over loans is entirely driven by the trillions in reserves pumped by the Fed!</p><p><blockquote>任何人都不会感到惊讶，更新我们在2014年首次显示的图表正确地解释了今天的现实，这是MMT完全无法做到的：如下所示，超额存款超过贷款完全是由美联储注入的数万亿美元储备驱动的!</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4ac78c6f58eddb6aa6185746284f1e76\" tg-width=\"500\" tg-height=\"289\"></p><p><blockquote></blockquote></p><p> The above also explains why even as the Fed has pumped trillions in reserves into banks, which by transformation have ended up as deposits on bank balance sheets,<b>the velocity of M2 money has plunged to an all time low</b>(and will soon drop below the fractional reserve system<i><b>singularity of 1.0x</b></i>), as<b>loan demand is nowhere near enough to offset the Fed's forced deposit creation which incidentally ends up</b><b><i>not in the economy but in capital markets,</i></b><b>resulting in broad deflation offset by asset price hyperinflation.</b></p><p><blockquote>这也解释了为什么即使美联储向银行注入了数万亿美元的准备金，这些准备金通过转换最终变成了银行资产负债表上的存款，<b>M2货币的速度已跌至历史最低点</b>（并将很快降至部分准备金制度以下<i><b>1.0x的奇异性</b></i>)，作为<b>贷款需求远远不足以抵消美联储的强制存款创造，而这最终会导致</b><b><i>不是在经济中，而是在资本市场中，</i></b><b>导致广泛的通货紧缩被资产价格恶性通货膨胀所抵消。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/3f9b7c79f47c161eefece6a418d2beef\" tg-width=\"500\" tg-height=\"289\"></p><p><blockquote></blockquote></p><p> One final reason why this data is absolutely critical: in a world where the dominant daily argument is whether the US is facing deflation or inflation, and where many have become convinced that we are facing a surge in higher prices, continued loan destruction is about the most deflationary thing possible. But don't take our word for it - here is an excerpt from the latest \"Flows and Liquidity\" report from JPMorgan strategist Nick Panigirtzoglou titled \"<i>The challenge from weak bank lending</i>\" in which he confirms all of the above observations, and writes that \"a common feature of this week's US bank earnings reports has been the weakness in loan growth. Indeed, weekly data from the Fed's H8 release shows that the pace of US bank lending remains in negative territory, exhibiting persistent weakness since last summer\"</p><p><blockquote>这一数据绝对至关重要的最后一个原因是：在这个世界上，每天的主要争论是美国是面临通货紧缩还是通货膨胀，许多人已经确信我们正面临物价上涨的激增，持续的贷款破坏是最有可能导致通货紧缩的事情。但不要相信我们的话 - 以下是摩根大通策略师 Nick Panigirtzoglou 最新“流动和流动性”报告的摘录，题为“<i>银行贷款疲软带来的挑战</i>他证实了上述所有观察结果，并写道：“本周美国银行财报的一个共同特点是贷款增长疲软。事实上，美联储H8公布的每周数据显示，美国银行贷款步伐仍处于负值，自去年夏天以来持续疲软。”</blockquote></p><p></p><p> This persistent weakness, Panigirtzoglou writes, \"followed a temporary spike in bank lending during Q2 2020, immediately after the virus crisis erupted, and is reminiscent of the US bank lending trajectory after the Lehman crisis. After a temporary spike immediately after the Lehman crisis, driven by companies and consumers tapping bank credit lines, the pace of US bank lending had remained largely in negative territory up until the middle of 2011. Although it entered positive territory after 2011,<b>the pace of US bank lending had stayed significantly below pre -Lehman crisis levels, an important feature of the secular stagnation thesis</b>.\"</p><p><blockquote>Panigirtzoglou写道，这种持续的疲软“是在2020年第二季度病毒危机爆发后银行贷款暂时激增之后出现的，让人想起雷曼危机后美国银行贷款的轨迹。雷曼危机后，在公司和消费者动用银行信贷额度的推动下，美国银行贷款的步伐在很大程度上保持在负值区域，直到2011年年中。虽然在2011年后进入积极区域，<b>美国银行贷款速度大大低于雷曼危机前的水平，这是长期停滞论点的一个重要特征</b>.\"</blockquote></p><p> The JPM quant then concedes that it remains to be seen \"whether the protracted post Lehman period weakness in bank lending would be repeated in the current post virus cycle\" although what is likely to be the case \"is that the future trajectory for bank lending would be important in determining both the inflation and liquidity picture over the longer term.\"</p><p><blockquote>摩根大通量化专家随后承认，“后雷曼时代银行贷款的长期疲软是否会在当前的后病毒周期中重演”仍有待观察，尽管“银行贷款的未来轨迹对于决定长期通胀和流动性状况非常重要。”</blockquote></p><p> And the JPM punchline:</p><p><blockquote>摩根大通的笑点是：</blockquote></p><p>   <i><b>\"A repeat of the post Lehman period protracted weakness in bank lending would cast doubt to the idea of a sustained inflation impulse over the coming years. It would also act as a drag for money supply and liquidity creation going forward, reducing a key driver of asset prices.\"</b></i>  Indeed, the next chart shows that money creation has been already normalizing from the torrid pace of the first half of 2020.</p><p><blockquote><i><b>“后雷曼时代银行贷款长期疲软的重演将使人们对未来几年持续通胀刺激的想法产生怀疑。这也将拖累未来的货币供应和流动性创造，减少资产价格的一个关键驱动因素。”</b></i>事实上，下一张图表显示，货币创造已经从 2020 年上半年的快速步伐恢复正常。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8fe0c1e42cddbb22952eef0f86744516\" tg-width=\"500\" tg-height=\"388\">Looking ahead, central bank tapering in 2022 - or whenever it arrives...</p><p><blockquote>展望未来，央行将在2022年或任何时候缩减规模……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/813bcc5ee519bda92783202065c85a28\" tg-width=\"500\" tg-height=\"387\">.. would likely induce further slowing in money creation over the coming years according to JPM, unless bank lending improves avoiding the protracted weakness of the post Lehman period.</p><p><blockquote>..摩根大通表示，这可能会导致未来几年货币创造进一步放缓，除非银行贷款改善，避免后雷曼时代的长期疲软。</blockquote></p><p> JPMorgan's ominous concludes, \"<b>whether the protracted post Lehman period weakness in bank lending is repeated in the current post virus cycle will be critical in determining both the inflation and liquidity picture over the longer term. So far the trajectory for bank lending shows more similarities than differences to the post Lehman crisis period.\"</b></p><p><blockquote>摩根大通不祥的结论是，“<b>雷曼事件后银行贷款的长期疲软是否会在当前的后病毒周期中重演，对于决定长期通胀和流动性状况至关重要。到目前为止，银行贷款的轨迹与雷曼危机后时期相似之处多于差异。”</b></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>\"Stunning Divergence\": Latest Bank Data Reveals Something Is Terminally Broken In The Financial System<blockquote>“惊人的分歧”：最新银行数据揭示金融体系中的某些东西已经彻底崩溃</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n\"Stunning Divergence\": Latest Bank Data Reveals Something Is Terminally Broken In The Financial System<blockquote>“惊人的分歧”：最新银行数据揭示金融体系中的某些东西已经彻底崩溃</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-04-19 11:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p>There was a remarkable disclosure in thelatest JPMorgan earnings report: the largest US bank -<i><b>an entity that historically has best been known for making loans to the broader population</b></i>- reported that in Q1 its total deposits rose by a<b>whopping 24% Y/Y</b>and<b>up 6%</b>from Q4, to $2.278 trillion, while the total amount of loans issued by the bank was virtually flat sequentially at $1.011 trillion, and<b>down4%</b>from a year ago.</p><p><blockquote>摩根大通最新的收益报告中披露了一个引人注目的信息：美国最大的银行 -<i><b>历史上以向广大民众提供贷款而闻名的实体</b></i>- 据报道，第一季度其存款总额增加了<b>同比高达 24%</b>和<b>上涨6%</b>从第四季度开始，银行发放贷款总额为 2.278 万亿美元，而银行发放的贷款总额几乎持平，为 1.011 万亿美元，并且<b>下降4%</b>从一年前开始。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/cbd35c95e3ba4eaeaa213b19b6e6b5cc\" tg-width=\"500\" tg-height=\"251\">In other words, for the first time in its history,<b>JPM had 100% more deposits than loans, or inversely, the ratio of loans to deposits dropped below 50% for the third quarter in a row after plunging in the aftermath of the covid pandemic:</b></p><p><blockquote>换句话说，历史上第一次，<b>摩根大通的存款比贷款多 100%，反之亦然，在新冠疫情后暴跌后，贷存比连续第三个季度跌破 50%：</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/88af739d0bd73ca752ba72a295368d53\" tg-width=\"500\" tg-height=\"288\">An even more stunning divergence between total deposits and loans, emerges at Bank of America where deposits similarly hit a new all time high of $1.88 trillion, even as the bank's loans have continued to shrink at an alarming, deleveraging (and<i><b>deflationary</b></i>) pace and are now at $911 billion,<b>below their level during the great financial crisis:</b><b><u>in other words, there has been 12 years with zero loan growth at Bank of America</u></b><b>!</b></p><p><blockquote>美国银行的存款和贷款总额之间出现了更加惊人的差异，尽管该银行的贷款继续以惊人的去杠杆化（和<i><b>通货紧缩的</b></i>) 步伐，目前为 9110 亿美元，<b>低于金融危机期间的水平：</b><b><u>换句话说，美国银行已经有12年的贷款零增长</u></b><b>!</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0a1febc12a0eabe3e22c432aa693e58d\" tg-width=\"500\" tg-height=\"289\">It's not any better at either Citigroup...</p><p><blockquote>花旗集团的情况也好不到哪里去……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6a99c5af10fb3b98af9f6769114dc873\" tg-width=\"500\" tg-height=\"290\">... or even Wells Fargo (which while having been limited by the Fed in how much loans it can issue, apparently has had no limit on how many deposits it can collect):</p><p><blockquote>...甚至富国银行（虽然美联储限制了其可以发放的贷款数量，但显然对其可以收取的存款数量没有限制）：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/187ef83b0ba80c5d8df469d36aab390e\" tg-width=\"500\" tg-height=\"290\">Summarizing the above data, we get the following picture breaking down total loans by Big-4 bank:</p><p><blockquote>总结上述数据，我们得到以下四大银行对贷款总额的细分图：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/cee3e3866c508adf5bddca1cab9d8109\" tg-width=\"500\" tg-height=\"273\">And total deposits.</p><p><blockquote>和存款总额。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0a14f5b3ebc875449fba6a946a15f7e4\" tg-width=\"500\" tg-height=\"275\"><b>Finally, aggregating the data across the big 4 banks shows something striking: there has been no loan growth since the global financial crisis, while total deposits have doubled!</b></p><p><blockquote><b>最后，汇总四大银行的数据显示了一些惊人的事情：自全球金融危机以来，贷款没有增长，而存款总额却翻了一番!</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/076ebbb5a6a365b1a770360d671cc3c2\" tg-width=\"500\" tg-height=\"289\">There are two major implications one should draw from the collapsing loan-to-deposit ratio. The first, more superficial one is that this ratio is a closely watched metric that measures how much lending a bank is doing when compared to its capacity to lend.</p><p><blockquote>人们应该从贷存比的崩溃中得出两个主要含义。第一个也是更肤浅的一个是，该比率是一个受到密切关注的指标，它衡量银行的贷款与其贷款能力相比有多少。</blockquote></p><p> The second, and far more profound implication, is arguably the most fundamental question in modern fractional reserve banking: what comes first, loans or deposits, in other words do private, commercial banks create the money in circulation (by first lending it out) or is the central bank responsible for money creation?</p><p><blockquote>第二个，也是更深刻的含义，可以说是现代部分准备金银行中最基本的问题：贷款和存款哪个先出现，换句话说，是私人商业银行创造了流通中的货币（通过首先放贷），还是中央银行负责创造货币？</blockquote></p><p> One thing that is now beyond debate:<b>there are now far more deposits than there are loans in the US banking system.</b></p><p><blockquote>现在有一件事无可争议：<b>美国银行系统现在的存款远远多于贷款。</b></blockquote></p><p> This is a problem because most conventional monetarists will argue that loans always come first, and only then do banks receive deposits.</p><p><blockquote>这是一个问题，因为大多数传统货币主义者会认为贷款总是第一位的，只有这样银行才会收到存款。</blockquote></p><p> It gets worse: as everyone now knows, we live in an MMT world where the Fed and Treasury have merged and where one basically monetizes what the other has to sell. And since the rainbows and unicorns world of MMT says that there is nothing to worry about from such debt monetization, even respected economists have been swept into this absolute idiocy and are urging the US to issue as much debt as it possibly can (with the Biden administration glad to oblige).</p><p><blockquote>情况变得更糟：众所周知，我们生活在一个 MMT 世界，美联储和财政部已经合并，其中一个基本上将另一个必须出售的东西货币化。由于MMT的彩虹和独角兽世界表示，这种债务货币化没有什么可担心的，即使是受人尊敬的经济学家也被卷入了这种绝对的愚蠢行为，并敦促美国发行尽可能多的债务（拜登政府很乐意这样做）。</blockquote></p><p> There is just one problem: as of this moment, the core tenet of MMT is no longer applicable. As a reminder, according to MMT<b>loans create deposits not the other way around,</b>and this socialist crackpot theory further claims that Reserve balances have nothing to do with this – they are part of the banking system that ensure financial stability. Don't believe us? Watch the following clip from one of the priests of MMT, Warrn Mosler who explains how \"<b>loans create deposits.\"</b>Only... clearly that's no longer the case, and the<b>empirical data shown above makes patently obvious that the core, anchor theory of MMT on which all its other laughable theories are built is false,</b>with huge consequences for a world that has thrown its future into a world prescribed by said crackpot theory.</p><p><blockquote>只有一个问题：到目前为止，MMT的核心原则不再适用。提醒一下，根据MMT<b>贷款创造存款，而不是相反，</b>这种社会主义疯狂理论进一步声称，准备金余额与此无关——它们是确保金融稳定的银行体系的一部分。不相信我们？观看以下来自MMT牧师之一Warrn Mosler的片段，他解释了如何“<b>贷款创造存款。”</b>只是……...显然不再是这样了，<b>上面显示的经验数据清楚地表明，MMT的核心、锚定理论是建立在其所有其他可笑理论之上的，</b>这对一个把自己的未来扔进一个由上述疯狂理论规定的世界来说是巨大的后果。</blockquote></p><p> <b>The recent loan and deposit data also means that the conventional process of deposit creation via loans is terminally broken.</b></p><p><blockquote><b>最近的贷款和存款数据也意味着通过贷款创造存款的传统过程被彻底打破。</b></blockquote></p><p></p><p> Indeed, that's precisely the case with the missing link being - drumroll - the Fed,as we explained all the way back, in 2014. Here is the punchline of what we said then, when we did a similar analysis observing what was already a record amount of excess deposits over loans:</p><p><blockquote>事实上，正如我们在 2014 年解释的那样，缺失的一环就是美联储。以下是我们当时所说的笑点，当时我们进行了类似的分析，观察到超额存款超过贷款的数量已经达到创纪录的水平：</blockquote></p><p>   ... how does the record mismatch between deposits and loans look like? Well, for the Big 4 US banks, JPM, Wells, BofA and Citi it looks as follows.  <img src=\"https://static.tigerbbs.com/f936cf95378ced614eae0d4a4442defc\" tg-width=\"500\" tg-height=\"305\">What the above chart simply shows is the breakdown in the Excess Deposit over Loan series, which is shown in the chart below, which tracks the historical change in commercial bank loans and deposits. What is immediately obvious is that while loans and deposits moved hand in hand for most of history, starting with the collapse of Lehman loan creation has been virtually non-existent (total loans are now at levels seen at the time of Lehman's collapse) while deposits have risen to just about $10 trillion.<b>It is here that the Fed's excess reserves have gone - the delta between the two is almost precisely the total amount ofreserves injectedby the Fed since the Lehman crisis.</b></p><p><blockquote>...存款和贷款之间的记录错配是什么样子的？对于美国四大银行，摩根大通、富国银行、美国银行和花旗来说，情况如下。上图简单显示的是超额存款超过贷款系列的明细，如下图所示，该系列跟踪了商业银行贷款和存款的历史变化。显而易见的是，虽然贷款和存款在历史上的大部分时间里是携手并进的，但从雷曼倒闭开始，贷款创造实际上已经不存在了（贷款总额现在处于雷曼倒闭时的水平），而存款已经上升到大约10万亿美元。<b>这就是美联储超额准备金消失的地方——两者之间的差值几乎正好是自雷曼危机以来美联储注入的准备金总额。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/5579de247a3b78c403d7a2a488f8e612\" tg-width=\"500\" tg-height=\"331\">So what does all of this mean? In a nutshell, with the Fed now tapering QE and deposit formation slowing, banks will have no choice but to issue loans to offset the lack of outside money injection by the Fed. In other words, while bank \"deposits\" have already experienced the benefit of \"future inflation\", and have manifested it in the stock market, it is now the turn of the matching asset to catch up. Which also means that while \"deposit\" growth (i.e., parked reserves) in the future will slow to a trickle, banks will have no choice but to flood the country with $2.5 trillion in loans, or a third of the currently outstanding loans,<b>just to catch up to the head start provided by the Fed!</b></p><p><blockquote>那么这一切意味着什么呢？简而言之，随着美联储现在缩减QE，存款形成放缓，银行将别无选择，只能发放贷款来抵消美联储外部资金注入的不足。也就是说，虽然银行“存款”已经尝到了“未来通胀”的甜头，并在股市上有所体现，但现在轮到匹配资产迎头赶上了。这也意味着，尽管未来“存款”增长（即停放的准备金）将放缓至涓涓细流，但银行将别无选择，只能向美国注入2.5万亿美元的贷款，即目前未偿还贷款的三分之一，<b>只是为了赶上美联储提供的领先优势!</b></blockquote></p><p> <b>It is this loan creation that will jump start inside money and the flow through to the economy, resulting in the long-overdue growth.</b>It is also this loan creation that means banks will no longer speculate as prop traders with the excess liquidity but go back to their roots as lenders.<b>Most importantly, once banks launch this wholesale lending effort, it is then and only then that the true pernicious inflation from what the Fed has done in the past 5 years will finally rear its ugly head</b>.</p><p><blockquote><b>正是这种贷款创造将启动资金并流入经济，从而实现期待已久的增长。</b>也正是这种贷款创造意味着银行将不再作为拥有过剩流动性的道具交易者进行投机，而是回归其作为贷款人的根源。<b>最重要的是，一旦银行开始大规模放贷，只有到那时，美联储在过去5年中所做的事情所造成的真正恶性通货膨胀才会最终抬头</b>.</blockquote></p><p> It will also come as no surprise to anyone, that updating the chart we first showed in 2014 correctly explains today's reality, something which MMT is completely incapable of doing: as shown below the excess deposits over loans is entirely driven by the trillions in reserves pumped by the Fed!</p><p><blockquote>任何人都不会感到惊讶，更新我们在2014年首次显示的图表正确地解释了今天的现实，这是MMT完全无法做到的：如下所示，超额存款超过贷款完全是由美联储注入的数万亿美元储备驱动的!</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4ac78c6f58eddb6aa6185746284f1e76\" tg-width=\"500\" tg-height=\"289\"></p><p><blockquote></blockquote></p><p> The above also explains why even as the Fed has pumped trillions in reserves into banks, which by transformation have ended up as deposits on bank balance sheets,<b>the velocity of M2 money has plunged to an all time low</b>(and will soon drop below the fractional reserve system<i><b>singularity of 1.0x</b></i>), as<b>loan demand is nowhere near enough to offset the Fed's forced deposit creation which incidentally ends up</b><b><i>not in the economy but in capital markets,</i></b><b>resulting in broad deflation offset by asset price hyperinflation.</b></p><p><blockquote>这也解释了为什么即使美联储向银行注入了数万亿美元的准备金，这些准备金通过转换最终变成了银行资产负债表上的存款，<b>M2货币的速度已跌至历史最低点</b>（并将很快降至部分准备金制度以下<i><b>1.0x的奇异性</b></i>)，作为<b>贷款需求远远不足以抵消美联储的强制存款创造，而这最终会导致</b><b><i>不是在经济中，而是在资本市场中，</i></b><b>导致广泛的通货紧缩被资产价格恶性通货膨胀所抵消。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/3f9b7c79f47c161eefece6a418d2beef\" tg-width=\"500\" tg-height=\"289\"></p><p><blockquote></blockquote></p><p> One final reason why this data is absolutely critical: in a world where the dominant daily argument is whether the US is facing deflation or inflation, and where many have become convinced that we are facing a surge in higher prices, continued loan destruction is about the most deflationary thing possible. But don't take our word for it - here is an excerpt from the latest \"Flows and Liquidity\" report from JPMorgan strategist Nick Panigirtzoglou titled \"<i>The challenge from weak bank lending</i>\" in which he confirms all of the above observations, and writes that \"a common feature of this week's US bank earnings reports has been the weakness in loan growth. Indeed, weekly data from the Fed's H8 release shows that the pace of US bank lending remains in negative territory, exhibiting persistent weakness since last summer\"</p><p><blockquote>这一数据绝对至关重要的最后一个原因是：在这个世界上，每天的主要争论是美国是面临通货紧缩还是通货膨胀，许多人已经确信我们正面临物价上涨的激增，持续的贷款破坏是最有可能导致通货紧缩的事情。但不要相信我们的话 - 以下是摩根大通策略师 Nick Panigirtzoglou 最新“流动和流动性”报告的摘录，题为“<i>银行贷款疲软带来的挑战</i>他证实了上述所有观察结果，并写道：“本周美国银行财报的一个共同特点是贷款增长疲软。事实上，美联储H8公布的每周数据显示，美国银行贷款步伐仍处于负值，自去年夏天以来持续疲软。”</blockquote></p><p></p><p> This persistent weakness, Panigirtzoglou writes, \"followed a temporary spike in bank lending during Q2 2020, immediately after the virus crisis erupted, and is reminiscent of the US bank lending trajectory after the Lehman crisis. After a temporary spike immediately after the Lehman crisis, driven by companies and consumers tapping bank credit lines, the pace of US bank lending had remained largely in negative territory up until the middle of 2011. Although it entered positive territory after 2011,<b>the pace of US bank lending had stayed significantly below pre -Lehman crisis levels, an important feature of the secular stagnation thesis</b>.\"</p><p><blockquote>Panigirtzoglou写道，这种持续的疲软“是在2020年第二季度病毒危机爆发后银行贷款暂时激增之后出现的，让人想起雷曼危机后美国银行贷款的轨迹。雷曼危机后，在公司和消费者动用银行信贷额度的推动下，美国银行贷款的步伐在很大程度上保持在负值区域，直到2011年年中。虽然在2011年后进入积极区域，<b>美国银行贷款速度大大低于雷曼危机前的水平，这是长期停滞论点的一个重要特征</b>.\"</blockquote></p><p> The JPM quant then concedes that it remains to be seen \"whether the protracted post Lehman period weakness in bank lending would be repeated in the current post virus cycle\" although what is likely to be the case \"is that the future trajectory for bank lending would be important in determining both the inflation and liquidity picture over the longer term.\"</p><p><blockquote>摩根大通量化专家随后承认，“后雷曼时代银行贷款的长期疲软是否会在当前的后病毒周期中重演”仍有待观察，尽管“银行贷款的未来轨迹对于决定长期通胀和流动性状况非常重要。”</blockquote></p><p> And the JPM punchline:</p><p><blockquote>摩根大通的笑点是：</blockquote></p><p>   <i><b>\"A repeat of the post Lehman period protracted weakness in bank lending would cast doubt to the idea of a sustained inflation impulse over the coming years. It would also act as a drag for money supply and liquidity creation going forward, reducing a key driver of asset prices.\"</b></i>  Indeed, the next chart shows that money creation has been already normalizing from the torrid pace of the first half of 2020.</p><p><blockquote><i><b>“后雷曼时代银行贷款长期疲软的重演将使人们对未来几年持续通胀刺激的想法产生怀疑。这也将拖累未来的货币供应和流动性创造，减少资产价格的一个关键驱动因素。”</b></i>事实上，下一张图表显示，货币创造已经从 2020 年上半年的快速步伐恢复正常。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8fe0c1e42cddbb22952eef0f86744516\" tg-width=\"500\" tg-height=\"388\">Looking ahead, central bank tapering in 2022 - or whenever it arrives...</p><p><blockquote>展望未来，央行将在2022年或任何时候缩减规模……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/813bcc5ee519bda92783202065c85a28\" tg-width=\"500\" tg-height=\"387\">.. would likely induce further slowing in money creation over the coming years according to JPM, unless bank lending improves avoiding the protracted weakness of the post Lehman period.</p><p><blockquote>..摩根大通表示，这可能会导致未来几年货币创造进一步放缓，除非银行贷款改善，避免后雷曼时代的长期疲软。</blockquote></p><p> JPMorgan's ominous concludes, \"<b>whether the protracted post Lehman period weakness in bank lending is repeated in the current post virus cycle will be critical in determining both the inflation and liquidity picture over the longer term. So far the trajectory for bank lending shows more similarities than differences to the post Lehman crisis period.\"</b></p><p><blockquote>摩根大通不祥的结论是，“<b>雷曼事件后银行贷款的长期疲软是否会在当前的后病毒周期中重演，对于决定长期通胀和流动性状况至关重要。到目前为止，银行贷款的轨迹与雷曼危机后时期相似之处多于差异。”</b></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/stunning-divergence-latest-bank-data-reveals-something-terminally-broken-financial-system\">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":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/markets/stunning-divergence-latest-bank-data-reveals-something-terminally-broken-financial-system","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181769877","content_text":"There was a remarkable disclosure in thelatest JPMorgan earnings report: the largest US bank -an entity that historically has best been known for making loans to the broader population- reported that in Q1 its total deposits rose by awhopping 24% Y/Yandup 6%from Q4, to $2.278 trillion, while the total amount of loans issued by the bank was virtually flat sequentially at $1.011 trillion, anddown4%from a year ago.\nIn other words, for the first time in its history,JPM had 100% more deposits than loans, or inversely, the ratio of loans to deposits dropped below 50% for the third quarter in a row after plunging in the aftermath of the covid pandemic:\nAn even more stunning divergence between total deposits and loans, emerges at Bank of America where deposits similarly hit a new all time high of $1.88 trillion, even as the bank's loans have continued to shrink at an alarming, deleveraging (anddeflationary) pace and are now at $911 billion,below their level during the great financial crisis:in other words, there has been 12 years with zero loan growth at Bank of America!\nIt's not any better at either Citigroup...\n... or even Wells Fargo (which while having been limited by the Fed in how much loans it can issue, apparently has had no limit on how many deposits it can collect):\nSummarizing the above data, we get the following picture breaking down total loans by Big-4 bank:\nAnd total deposits.\nFinally, aggregating the data across the big 4 banks shows something striking: there has been no loan growth since the global financial crisis, while total deposits have doubled!\nThere are two major implications one should draw from the collapsing loan-to-deposit ratio. The first, more superficial one is that this ratio is a closely watched metric that measures how much lending a bank is doing when compared to its capacity to lend.\nThe second, and far more profound implication, is arguably the most fundamental question in modern fractional reserve banking: what comes first, loans or deposits, in other words do private, commercial banks create the money in circulation (by first lending it out) or is the central bank responsible for money creation?\nOne thing that is now beyond debate:there are now far more deposits than there are loans in the US banking system.\nThis is a problem because most conventional monetarists will argue that loans always come first, and only then do banks receive deposits.\nIt gets worse: as everyone now knows, we live in an MMT world where the Fed and Treasury have merged and where one basically monetizes what the other has to sell. And since the rainbows and unicorns world of MMT says that there is nothing to worry about from such debt monetization, even respected economists have been swept into this absolute idiocy and are urging the US to issue as much debt as it possibly can (with the Biden administration glad to oblige).\nThere is just one problem: as of this moment, the core tenet of MMT is no longer applicable. As a reminder, according to MMTloans create deposits not the other way around,and this socialist crackpot theory further claims that Reserve balances have nothing to do with this – they are part of the banking system that ensure financial stability. Don't believe us? Watch the following clip from one of the priests of MMT, Warrn Mosler who explains how \"loans create deposits.\"Only... clearly that's no longer the case, and theempirical data shown above makes patently obvious that the core, anchor theory of MMT on which all its other laughable theories are built is false,with huge consequences for a world that has thrown its future into a world prescribed by said crackpot theory.\nThe recent loan and deposit data also means that the conventional process of deposit creation via loans is terminally broken.\nIndeed, that's precisely the case with the missing link being - drumroll - the Fed,as we explained all the way back, in 2014. Here is the punchline of what we said then, when we did a similar analysis observing what was already a record amount of excess deposits over loans:\n\n ... how does the record mismatch between deposits and loans look like? Well, for the Big 4 US banks, JPM, Wells, BofA and Citi it looks as follows.\n\nWhat the above chart simply shows is the breakdown in the Excess Deposit over Loan series, which is shown in the chart below, which tracks the historical change in commercial bank loans and deposits. What is immediately obvious is that while loans and deposits moved hand in hand for most of history, starting with the collapse of Lehman loan creation has been virtually non-existent (total loans are now at levels seen at the time of Lehman's collapse) while deposits have risen to just about $10 trillion.It is here that the Fed's excess reserves have gone - the delta between the two is almost precisely the total amount ofreserves injectedby the Fed since the Lehman crisis.\nSo what does all of this mean? In a nutshell, with the Fed now tapering QE and deposit formation slowing, banks will have no choice but to issue loans to offset the lack of outside money injection by the Fed. In other words, while bank \"deposits\" have already experienced the benefit of \"future inflation\", and have manifested it in the stock market, it is now the turn of the matching asset to catch up. Which also means that while \"deposit\" growth (i.e., parked reserves) in the future will slow to a trickle, banks will have no choice but to flood the country with $2.5 trillion in loans, or a third of the currently outstanding loans,just to catch up to the head start provided by the Fed!\nIt is this loan creation that will jump start inside money and the flow through to the economy, resulting in the long-overdue growth.It is also this loan creation that means banks will no longer speculate as prop traders with the excess liquidity but go back to their roots as lenders.Most importantly, once banks launch this wholesale lending effort, it is then and only then that the true pernicious inflation from what the Fed has done in the past 5 years will finally rear its ugly head.\nIt will also come as no surprise to anyone, that updating the chart we first showed in 2014 correctly explains today's reality, something which MMT is completely incapable of doing: as shown below the excess deposits over loans is entirely driven by the trillions in reserves pumped by the Fed!\n\nThe above also explains why even as the Fed has pumped trillions in reserves into banks, which by transformation have ended up as deposits on bank balance sheets,the velocity of M2 money has plunged to an all time low(and will soon drop below the fractional reserve systemsingularity of 1.0x), asloan demand is nowhere near enough to offset the Fed's forced deposit creation which incidentally ends upnot in the economy but in capital markets,resulting in broad deflation offset by asset price hyperinflation.\n\nOne final reason why this data is absolutely critical: in a world where the dominant daily argument is whether the US is facing deflation or inflation, and where many have become convinced that we are facing a surge in higher prices, continued loan destruction is about the most deflationary thing possible. But don't take our word for it - here is an excerpt from the latest \"Flows and Liquidity\" report from JPMorgan strategist Nick Panigirtzoglou titled \"The challenge from weak bank lending\" in which he confirms all of the above observations, and writes that \"a common feature of this week's US bank earnings reports has been the weakness in loan growth. Indeed, weekly data from the Fed's H8 release shows that the pace of US bank lending remains in negative territory, exhibiting persistent weakness since last summer\"\nThis persistent weakness, Panigirtzoglou writes, \"followed a temporary spike in bank lending during Q2 2020, immediately after the virus crisis erupted, and is reminiscent of the US bank lending trajectory after the Lehman crisis. After a temporary spike immediately after the Lehman crisis, driven by companies and consumers tapping bank credit lines, the pace of US bank lending had remained largely in negative territory up until the middle of 2011. Although it entered positive territory after 2011,the pace of US bank lending had stayed significantly below pre -Lehman crisis levels, an important feature of the secular stagnation thesis.\"\nThe JPM quant then concedes that it remains to be seen \"whether the protracted post Lehman period weakness in bank lending would be repeated in the current post virus cycle\" although what is likely to be the case \"is that the future trajectory for bank lending would be important in determining both the inflation and liquidity picture over the longer term.\"\nAnd the JPM punchline:\n\n\"A repeat of the post Lehman period protracted weakness in bank lending would cast doubt to the idea of a sustained inflation impulse over the coming years. It would also act as a drag for money supply and liquidity creation going forward, reducing a key driver of asset prices.\"\n\nIndeed, the next chart shows that money creation has been already normalizing from the torrid pace of the first half of 2020.\nLooking ahead, central bank tapering in 2022 - or whenever it arrives...\n.. would likely induce further slowing in money creation over the coming years according to JPM, unless bank lending improves avoiding the protracted weakness of the post Lehman period.\nJPMorgan's ominous concludes, \"whether the protracted post Lehman period weakness in bank lending is repeated in the current post virus cycle will be critical in determining both the inflation and liquidity picture over the longer term. So far the trajectory for bank lending shows more similarities than differences to the post Lehman crisis period.\"","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":3346,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":379907959,"gmtCreate":1618648026371,"gmtModify":1634291553007,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579395105035655","authorIdStr":"3579395105035655"},"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/379907959","repostId":"1165321503","repostType":4,"isVote":1,"tweetType":1,"viewCount":659,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347935389,"gmtCreate":1618454945541,"gmtModify":1634292823063,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579395105035655","authorIdStr":"3579395105035655"},"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/347935389","repostId":"1150469902","repostType":4,"isVote":1,"tweetType":1,"viewCount":748,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":344068221,"gmtCreate":1618360871963,"gmtModify":1634293495985,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579395105035655","authorIdStr":"3579395105035655"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/344068221","repostId":"1182935377","repostType":4,"repost":{"id":"1182935377","kind":"news","pubTimestamp":1618329478,"share":"https://www.laohunote.com/m/news/1182935377?lang=zh_CN&edition=full","pubTime":"2021-04-13 23:57","market":"us","language":"en","title":"KKR Sparks Bidding War For Toshiba Amid \"Civil War\" Among Tech Giant's Board Members<blockquote>在科技巨头董事会成员之间的“内战”中，KKR 引发了东芝的竞购战</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1182935377","media":"zerohedge","summary":"A week after Toshiba ADRs soared 22%following a Nikkei report that private equity giant CVC Capital ","content":"<p>A week after Toshiba ADRs soared 22%following a Nikkei report that private equity giant CVC Capital Partners has offered to acquire Toshiba through a tender offer that is expected to be worth more than $20 billion,The Financial Timesreports that that CVC<b>rival KKR is planning to outbid</b>as \"civil war\" broke out among<b>board members of the Japanese conglomerate, reportedly preparing to launch a coup to oust the chief executive</b>.</p><p><blockquote>据《金融时报》报道，私募股权巨头 CVC Capital Partners 已提出通过要约收购东芝，预计价值超过 200 亿美元，一周后，东芝美国存托凭证飙升 22%。<b>竞争对手 KKR 计划出价超过</b>随着“内战”爆发<b>据报道，这家日本企业集团的董事会成员正准备发动政变推翻首席执行官</b>.</blockquote></p><p> At least two of Toshiba’s biggest shareholders have called upon the Toshiba board to seriously consider any bids from private equity-led consortiums, which would be likely to include a significant Japanese presence to satisfy regulatory sensitivity over a company deeply involved in the nuclear and defence industries.</p><p><blockquote>至少有两位东芝最大的股东呼吁东芝董事会认真考虑私募股权主导的财团的任何出价，这些财团很可能包括大量日本企业，以满足监管机构对一家深耕核能和国防工业的公司的敏感性。</blockquote></p><p> The headline pushed Toshiba ADRs up another 10%...</p><p><blockquote>这一头条新闻推动东芝美国存托凭证再上涨10%……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4781476f0d7f95f98fbe979f05cf283f\" tg-width=\"500\" tg-height=\"270\">A Toshiba board meeting on Wednesday is expected to<b>debate a proposal from one of its members that Nobuaki Kurumatani resign immediately</b>as head of a company that he has led since it emerged from financial crisis in 2018</p><p><blockquote>预计周三的东芝董事会会议将<b>辩论其中一名成员提出的仓谷信明立即辞职的提议</b>作为他自 2018 年摆脱金融危机以来一直领导的一家公司的负责人</blockquote></p><p> The FT reportsthat people close to the company, whose largest investors include some of the region’s biggest activist funds, said that<b>Toshiba’s senior management had been thrown into “civil war” by the emergence of a preliminary buyout approach last week from the European private equity group CVC</b>- a company for which Kurumatani previously worked as head of Japan’s operations.</p><p><blockquote>英国《金融时报》报道称，与该公司关系密切的人士表示，该公司最大的投资者包括该地区一些最大的激进基金。<b>上周，欧洲私募股权集团 CVC 提出了初步收购方案，东芝高级管理层陷入了 “内战”。</b>- Kurumatani 曾在该公司担任日本业务主管。</blockquote></p><p> This would be<b>Japan's largest ever LBO.</b></p><p><blockquote>这将是<b>日本有史以来最大的杠杆收购。</b></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>KKR Sparks Bidding War For Toshiba Amid \"Civil War\" Among Tech Giant's Board Members<blockquote>在科技巨头董事会成员之间的“内战”中，KKR 引发了东芝的竞购战</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\">\nKKR Sparks Bidding War For Toshiba Amid \"Civil War\" Among Tech Giant's Board Members<blockquote>在科技巨头董事会成员之间的“内战”中，KKR 引发了东芝的竞购战</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-04-13 23:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p>A week after Toshiba ADRs soared 22%following a Nikkei report that private equity giant CVC Capital Partners has offered to acquire Toshiba through a tender offer that is expected to be worth more than $20 billion,The Financial Timesreports that that CVC<b>rival KKR is planning to outbid</b>as \"civil war\" broke out among<b>board members of the Japanese conglomerate, reportedly preparing to launch a coup to oust the chief executive</b>.</p><p><blockquote>据《金融时报》报道，私募股权巨头 CVC Capital Partners 已提出通过要约收购东芝，预计价值超过 200 亿美元，一周后，东芝美国存托凭证飙升 22%。<b>竞争对手 KKR 计划出价超过</b>随着“内战”爆发<b>据报道，这家日本企业集团的董事会成员正准备发动政变推翻首席执行官</b>.</blockquote></p><p> At least two of Toshiba’s biggest shareholders have called upon the Toshiba board to seriously consider any bids from private equity-led consortiums, which would be likely to include a significant Japanese presence to satisfy regulatory sensitivity over a company deeply involved in the nuclear and defence industries.</p><p><blockquote>至少有两位东芝最大的股东呼吁东芝董事会认真考虑私募股权主导的财团的任何出价，这些财团很可能包括大量日本企业，以满足监管机构对一家深耕核能和国防工业的公司的敏感性。</blockquote></p><p> The headline pushed Toshiba ADRs up another 10%...</p><p><blockquote>这一头条新闻推动东芝美国存托凭证再上涨10%……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4781476f0d7f95f98fbe979f05cf283f\" tg-width=\"500\" tg-height=\"270\">A Toshiba board meeting on Wednesday is expected to<b>debate a proposal from one of its members that Nobuaki Kurumatani resign immediately</b>as head of a company that he has led since it emerged from financial crisis in 2018</p><p><blockquote>预计周三的东芝董事会会议将<b>辩论其中一名成员提出的仓谷信明立即辞职的提议</b>作为他自 2018 年摆脱金融危机以来一直领导的一家公司的负责人</blockquote></p><p> The FT reportsthat people close to the company, whose largest investors include some of the region’s biggest activist funds, said that<b>Toshiba’s senior management had been thrown into “civil war” by the emergence of a preliminary buyout approach last week from the European private equity group CVC</b>- a company for which Kurumatani previously worked as head of Japan’s operations.</p><p><blockquote>英国《金融时报》报道称，与该公司关系密切的人士表示，该公司最大的投资者包括该地区一些最大的激进基金。<b>上周，欧洲私募股权集团 CVC 提出了初步收购方案，东芝高级管理层陷入了 “内战”。</b>- Kurumatani 曾在该公司担任日本业务主管。</blockquote></p><p> This would be<b>Japan's largest ever LBO.</b></p><p><blockquote>这将是<b>日本有史以来最大的杠杆收购。</b></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/kkr-sparks-bidding-war-toshiba-amid-civil-war-among-tech-giants-board-members\">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":{},"source_url":"https://www.zerohedge.com/markets/kkr-sparks-bidding-war-toshiba-amid-civil-war-among-tech-giants-board-members","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182935377","content_text":"A week after Toshiba ADRs soared 22%following a Nikkei report that private equity giant CVC Capital Partners has offered to acquire Toshiba through a tender offer that is expected to be worth more than $20 billion,The Financial Timesreports that that CVCrival KKR is planning to outbidas \"civil war\" broke out amongboard members of the Japanese conglomerate, reportedly preparing to launch a coup to oust the chief executive.\nAt least two of Toshiba’s biggest shareholders have called upon the Toshiba board to seriously consider any bids from private equity-led consortiums, which would be likely to include a significant Japanese presence to satisfy regulatory sensitivity over a company deeply involved in the nuclear and defence industries.\nThe headline pushed Toshiba ADRs up another 10%...\nA Toshiba board meeting on Wednesday is expected todebate a proposal from one of its members that Nobuaki Kurumatani resign immediatelyas head of a company that he has led since it emerged from financial crisis in 2018\nThe FT reportsthat people close to the company, whose largest investors include some of the region’s biggest activist funds, said thatToshiba’s senior management had been thrown into “civil war” by the emergence of a preliminary buyout approach last week from the European private equity group CVC- a company for which Kurumatani previously worked as head of Japan’s operations.\nThis would beJapan's largest ever LBO.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":882,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345962865,"gmtCreate":1618273219957,"gmtModify":1634294052039,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579395105035655","authorIdStr":"3579395105035655"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/345962865","repostId":"1129466392","repostType":4,"isVote":1,"tweetType":1,"viewCount":822,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342816751,"gmtCreate":1618197619873,"gmtModify":1634294479659,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579395105035655","authorIdStr":"3579395105035655"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/342816751","repostId":"1137529737","repostType":4,"repost":{"id":"1137529737","kind":"news","pubTimestamp":1618184239,"share":"https://www.laohunote.com/m/news/1137529737?lang=zh_CN&edition=full","pubTime":"2021-04-12 07:37","market":"us","language":"en","title":"JPMorgan Chase, Nvidia, Goldman Sachs, Coinbase, and Other Stocks for Investors to Watch This Week<blockquote>摩根大通、英伟达、高盛、比特币基地和其他投资者本周值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137529737","media":"Barrons","summary":"First-quarter earnings season kicks off this week, beginning as always with results from several of ","content":"<p>First-quarter earnings season kicks off this week, beginning as always with results from several of the largest U.S. banks. Goldman Sachs Group, JPMorgan Chase, and Wells Fargo report on Wednesday, followed&nbsp;by Bank of&nbsp;America and Citigroup on Thursday and Morgan Stanley on Friday.</p><p><blockquote>第一季度财报季将于本周拉开帷幕，一如既往地从美国几家最大银行的业绩开始。高盛集团、摩根大通和富国银行周三发布报告，随后美国银行和花旗集团周四发布报告，摩根士丹利周五发布报告。</blockquote></p><p>Other notable companies reporting this week include industrial&nbsp;supplier&nbsp;Fastenalon Tuesday.Delta Air Lines,PepsiCo,and&nbsp;UnitedHealth Group&nbsp;publish results on Thursday. And&nbsp;Kansas City Southern&nbsp;reports on Friday.&nbsp; A total of 22&nbsp;S&amp;P 500&nbsp;companies report this week, followed by 64 next week.</p><p><blockquote>本周发布报告的其他知名公司包括工业供应商 Fastenalon 周二。达美航空公司、百事公司和联合健康集团将于周四公布业绩。堪萨斯城南方报周五报道。本周共有 22 家标普500公司发布报告，下周将有 64 家。</blockquote></p><p><img src=\"https://static.tigerbbs.com/ac3c413681d3a9e134223c4d1a02d883\" tg-width=\"1410\" tg-height=\"586\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>It’s also a busy week for economic data. On Tuesday, the Bureau of Labor Statistics reports the consumer price index for March and the National Federation of Independent Business releases its Small Business Optimism Index for March. Then on Thursday, the Census Bureau reports retail sales data for March. And on Friday, the University of Michigan releases its Consumer Sentiment Index for April.</p><p><blockquote>对于经济数据来说，这也是繁忙的一周。周二，劳工统计局报告了3月份的消费者价格指数，全国独立企业联合会发布了3月份的小企业乐观指数。然后在周四，人口普查局报告了3月份的零售销售数据。周五，密歇根大学发布了 4 月份消费者信心指数。</blockquote></p><p>Housing-market data out this week include the National Association of Home Builders’ NAHB/Wells Fargo Housing Market Index for April on Thursday and the Census Bureau’s new residential construction data for March on Friday.</p><p><blockquote>本周公布的住房市场数据包括全美住宅建筑商协会（National Association of Home Builders）周四公布的 NAHB/富国银行（Wells Fargo）4 月份住房市场指数和人口普查局（Census Bureau）周五公布的 3 月份新住宅建筑数据。</blockquote></p><p><b>Monday 4/12</b></p><p><blockquote><b>12月4日星期一</b></blockquote></p><p>Nvidia&nbsp;hosts its 2021 investor day in conjunction with its GPU Technology conference. Nvidia CEO Jensen Huang will give the keynote address.</p><p><blockquote>Nvidia 将举办 2021 年投资者日及其 GPU 技术大会。英伟达首席执行官黄仁勋将发表主题演讲。</blockquote></p><p><b>Tuesday 4/13</b></p><p><blockquote><b>星期二 4/13</b></blockquote></p><p>Fastenal reports quarterly results.</p><p><blockquote>Fastenal 报告季度业绩。</blockquote></p><p><b>The Bureau of Labor</b>&nbsp;Statistics reports the consumer price index for March. Economists forecast a 0.4% monthly increase, matching the February data. The core CPI, which excludes volatile food and energy prices, is expected to rise 0.2%, after edging up 0.1% in February.</p><p><blockquote><b>劳工局</b>统计数据报告了三月份的消费者价格指数。经济学家预测月度增长 0.4%，与 2 月份的数据一致。剔除波动较大的食品和能源价格的核心CPI预计将上涨0.2%，此前2月份小幅上涨0.1%。</blockquote></p><p><b>The National Federation</b>&nbsp;of Independent Business releases its Small Business Optimism Index for March. Consensus estimate is for a 98 reading, higher than February’s 95.8.</p><p><blockquote><b>全国联合会</b>独立企业发布3月份小企业乐观指数。一致估计读数为 98，高于 2 月份的 95.8。</blockquote></p><p><b>Wednesday 4/14</b></p><p><blockquote><b>星期三 4/14</b></blockquote></p><p><b>Earnings season begins</b>&nbsp;in earnest with some of the largest money-center and investment banks reporting. JPMorgan Chase, Wells Fargo, and Goldman Sachs Group release first-quarter results before the market open.</p><p><blockquote><b>财报季开始</b>认真与一些最大的货币中心和投资银行进行报告。摩根大通、富国银行和高盛集团在开盘前发布第一季度业绩。</blockquote></p><p>First Republic Bankreleases earnings.</p><p><blockquote>第一共和银行发布收益。</blockquote></p><p><b>Coinbase Global</b>&nbsp;is set to&nbsp;make its Wall Street debut&nbsp;on Wednesday through a direct listing of its shares on the Nasdaq.</p><p><blockquote><b>比特币基地全球</b>将于周三通过在纳斯达克直接上市的方式在华尔街首次亮相。</blockquote></p><p><b>The BLS reports</b>&nbsp;export and import price data for March. Expectations are for a 1% month-over-month rise in export prices, while import prices are seen increasing 0.8%. This compares with gains of 1.6% and 1.3%, respectively, in February.</p><p><blockquote><b>BLS报告</b>3月份进出口价格数据。预计出口价格将环比上涨 1%，而进口价格将上涨 0.8%。相比之下，2 月份的涨幅分别为 1.6% 和 1.3%。</blockquote></p><p><b>The Federal Reserve</b>&nbsp;releases the beige book for the second of eight times this year. The beige book gathers anecdotal information on current economic conditions from the 12 Fed districts.</p><p><blockquote><b>美联储</b>今年八次中的第二次发布褐皮书。这本褐皮书收集了12个联储辖区当前经济状况的轶事信息。</blockquote></p><p><b>Thursday 4/15</b></p><p><blockquote><b>星期四 4/15</b></blockquote></p><p>Bank of America,BlackRock,Charles Schwab,Citigroup, Delta Air Lines, PepsiCo,PPG Industries,Truist Financial,U.S. Bancorp,and UnitedHealth Group report quarterly results.</p><p><blockquote>美国银行、贝莱德、嘉信理财、花旗集团、达美航空、百事可乐、PPG Industries、Truist Financial、美国。Bancorp 和联合健康集团报告季度业绩。</blockquote></p><p><b>The National Association</b>&nbsp;of Home Builders releases its NAHB/Wells Fargo Housing Market Index for April. Economists forecast an 84.5 reading, greater than the March data. Any reading above 50 indicates that home builders are bullish on the housing market for the next six months.</p><p><blockquote><b>全国协会</b>住宅建筑商协会发布了4月份的NAHB/富国银行房地产市场指数。经济学家预测读数为84.5，高于3月份的数据。任何高于 50 的读数都表明房屋建筑商看好未来六个月的房地产市场。</blockquote></p><p><b>The Census Bureau</b>&nbsp;reports retail sales data for March. The consensus call is for consumer spending to rise 1.3% month over month, after declining 3% in February.</p><p><blockquote><b>人口普查局</b>报告3月份零售销售数据。普遍的看涨期权是，消费者支出继 2 月份下降 3% 后，环比增长 1.3%。</blockquote></p><p><b>Friday 4/16</b></p><p><blockquote><b>4/16星期五</b></blockquote></p><p>Bank of New York Mellon,Citizens Financial Group,Kansas City Southern, Morgan Stanley,PNC Financial Services Group,and&nbsp;State Street&nbsp;hold conference calls to discuss earnings.</p><p><blockquote>纽约梅隆银行、公民金融集团、堪萨斯城南方银行、摩根士丹利、PNC 金融服务集团和道富银行在评级举行会议讨论盈利。</blockquote></p><p><b>The University of Michigan</b>&nbsp;releases its Consumer Sentiment Index for April. Expectations are for an 88 reading. March’s 84.9 figure was the highest since a year earlier.</p><p><blockquote><b>密歇根大学</b>发布4月份消费者信心指数。预期读数是88。3 月份的数字为 84.9，是一年前以来的最高水平。</blockquote></p><p><b>The Census Bureau</b>&nbsp;reports new residential construction data for March. Economists forecast a seasonally adjusted annual rate of 1.61 million housing starts, a 13% month-over-month increase.</p><p><blockquote><b>人口普查局</b>报告3月份新住宅建设数据。经济学家预测，经季节性调整后的新屋开工年率为161万套，环比增长13%。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Chase, Nvidia, Goldman Sachs, Coinbase, and Other Stocks for Investors to Watch This Week<blockquote>摩根大通、英伟达、高盛、比特币基地和其他投资者本周值得关注的股票</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\">\nJPMorgan Chase, Nvidia, Goldman Sachs, Coinbase, and Other Stocks for Investors to Watch This Week<blockquote>摩根大通、英伟达、高盛、比特币基地和其他投资者本周值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-04-12 07:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p>First-quarter earnings season kicks off this week, beginning as always with results from several of the largest U.S. banks. Goldman Sachs Group, JPMorgan Chase, and Wells Fargo report on Wednesday, followed&nbsp;by Bank of&nbsp;America and Citigroup on Thursday and Morgan Stanley on Friday.</p><p><blockquote>第一季度财报季将于本周拉开帷幕，一如既往地从美国几家最大银行的业绩开始。高盛集团、摩根大通和富国银行周三发布报告，随后美国银行和花旗集团周四发布报告，摩根士丹利周五发布报告。</blockquote></p><p>Other notable companies reporting this week include industrial&nbsp;supplier&nbsp;Fastenalon Tuesday.Delta Air Lines,PepsiCo,and&nbsp;UnitedHealth Group&nbsp;publish results on Thursday. And&nbsp;Kansas City Southern&nbsp;reports on Friday.&nbsp; A total of 22&nbsp;S&amp;P 500&nbsp;companies report this week, followed by 64 next week.</p><p><blockquote>本周发布报告的其他知名公司包括工业供应商 Fastenalon 周二。达美航空公司、百事公司和联合健康集团将于周四公布业绩。堪萨斯城南方报周五报道。本周共有 22 家标普500公司发布报告，下周将有 64 家。</blockquote></p><p><img src=\"https://static.tigerbbs.com/ac3c413681d3a9e134223c4d1a02d883\" tg-width=\"1410\" tg-height=\"586\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>It’s also a busy week for economic data. On Tuesday, the Bureau of Labor Statistics reports the consumer price index for March and the National Federation of Independent Business releases its Small Business Optimism Index for March. Then on Thursday, the Census Bureau reports retail sales data for March. And on Friday, the University of Michigan releases its Consumer Sentiment Index for April.</p><p><blockquote>对于经济数据来说，这也是繁忙的一周。周二，劳工统计局报告了3月份的消费者价格指数，全国独立企业联合会发布了3月份的小企业乐观指数。然后在周四，人口普查局报告了3月份的零售销售数据。周五，密歇根大学发布了 4 月份消费者信心指数。</blockquote></p><p>Housing-market data out this week include the National Association of Home Builders’ NAHB/Wells Fargo Housing Market Index for April on Thursday and the Census Bureau’s new residential construction data for March on Friday.</p><p><blockquote>本周公布的住房市场数据包括全美住宅建筑商协会（National Association of Home Builders）周四公布的 NAHB/富国银行（Wells Fargo）4 月份住房市场指数和人口普查局（Census Bureau）周五公布的 3 月份新住宅建筑数据。</blockquote></p><p><b>Monday 4/12</b></p><p><blockquote><b>12月4日星期一</b></blockquote></p><p>Nvidia&nbsp;hosts its 2021 investor day in conjunction with its GPU Technology conference. Nvidia CEO Jensen Huang will give the keynote address.</p><p><blockquote>Nvidia 将举办 2021 年投资者日及其 GPU 技术大会。英伟达首席执行官黄仁勋将发表主题演讲。</blockquote></p><p><b>Tuesday 4/13</b></p><p><blockquote><b>星期二 4/13</b></blockquote></p><p>Fastenal reports quarterly results.</p><p><blockquote>Fastenal 报告季度业绩。</blockquote></p><p><b>The Bureau of Labor</b>&nbsp;Statistics reports the consumer price index for March. Economists forecast a 0.4% monthly increase, matching the February data. The core CPI, which excludes volatile food and energy prices, is expected to rise 0.2%, after edging up 0.1% in February.</p><p><blockquote><b>劳工局</b>统计数据报告了三月份的消费者价格指数。经济学家预测月度增长 0.4%，与 2 月份的数据一致。剔除波动较大的食品和能源价格的核心CPI预计将上涨0.2%，此前2月份小幅上涨0.1%。</blockquote></p><p><b>The National Federation</b>&nbsp;of Independent Business releases its Small Business Optimism Index for March. Consensus estimate is for a 98 reading, higher than February’s 95.8.</p><p><blockquote><b>全国联合会</b>独立企业发布3月份小企业乐观指数。一致估计读数为 98，高于 2 月份的 95.8。</blockquote></p><p><b>Wednesday 4/14</b></p><p><blockquote><b>星期三 4/14</b></blockquote></p><p><b>Earnings season begins</b>&nbsp;in earnest with some of the largest money-center and investment banks reporting. JPMorgan Chase, Wells Fargo, and Goldman Sachs Group release first-quarter results before the market open.</p><p><blockquote><b>财报季开始</b>认真与一些最大的货币中心和投资银行进行报告。摩根大通、富国银行和高盛集团在开盘前发布第一季度业绩。</blockquote></p><p>First Republic Bankreleases earnings.</p><p><blockquote>第一共和银行发布收益。</blockquote></p><p><b>Coinbase Global</b>&nbsp;is set to&nbsp;make its Wall Street debut&nbsp;on Wednesday through a direct listing of its shares on the Nasdaq.</p><p><blockquote><b>比特币基地全球</b>将于周三通过在纳斯达克直接上市的方式在华尔街首次亮相。</blockquote></p><p><b>The BLS reports</b>&nbsp;export and import price data for March. Expectations are for a 1% month-over-month rise in export prices, while import prices are seen increasing 0.8%. This compares with gains of 1.6% and 1.3%, respectively, in February.</p><p><blockquote><b>BLS报告</b>3月份进出口价格数据。预计出口价格将环比上涨 1%，而进口价格将上涨 0.8%。相比之下，2 月份的涨幅分别为 1.6% 和 1.3%。</blockquote></p><p><b>The Federal Reserve</b>&nbsp;releases the beige book for the second of eight times this year. The beige book gathers anecdotal information on current economic conditions from the 12 Fed districts.</p><p><blockquote><b>美联储</b>今年八次中的第二次发布褐皮书。这本褐皮书收集了12个联储辖区当前经济状况的轶事信息。</blockquote></p><p><b>Thursday 4/15</b></p><p><blockquote><b>星期四 4/15</b></blockquote></p><p>Bank of America,BlackRock,Charles Schwab,Citigroup, Delta Air Lines, PepsiCo,PPG Industries,Truist Financial,U.S. Bancorp,and UnitedHealth Group report quarterly results.</p><p><blockquote>美国银行、贝莱德、嘉信理财、花旗集团、达美航空、百事可乐、PPG Industries、Truist Financial、美国。Bancorp 和联合健康集团报告季度业绩。</blockquote></p><p><b>The National Association</b>&nbsp;of Home Builders releases its NAHB/Wells Fargo Housing Market Index for April. Economists forecast an 84.5 reading, greater than the March data. Any reading above 50 indicates that home builders are bullish on the housing market for the next six months.</p><p><blockquote><b>全国协会</b>住宅建筑商协会发布了4月份的NAHB/富国银行房地产市场指数。经济学家预测读数为84.5，高于3月份的数据。任何高于 50 的读数都表明房屋建筑商看好未来六个月的房地产市场。</blockquote></p><p><b>The Census Bureau</b>&nbsp;reports retail sales data for March. The consensus call is for consumer spending to rise 1.3% month over month, after declining 3% in February.</p><p><blockquote><b>人口普查局</b>报告3月份零售销售数据。普遍的看涨期权是，消费者支出继 2 月份下降 3% 后，环比增长 1.3%。</blockquote></p><p><b>Friday 4/16</b></p><p><blockquote><b>4/16星期五</b></blockquote></p><p>Bank of New York Mellon,Citizens Financial Group,Kansas City Southern, Morgan Stanley,PNC Financial Services Group,and&nbsp;State Street&nbsp;hold conference calls to discuss earnings.</p><p><blockquote>纽约梅隆银行、公民金融集团、堪萨斯城南方银行、摩根士丹利、PNC 金融服务集团和道富银行在评级举行会议讨论盈利。</blockquote></p><p><b>The University of Michigan</b>&nbsp;releases its Consumer Sentiment Index for April. Expectations are for an 88 reading. March’s 84.9 figure was the highest since a year earlier.</p><p><blockquote><b>密歇根大学</b>发布4月份消费者信心指数。预期读数是88。3 月份的数字为 84.9，是一年前以来的最高水平。</blockquote></p><p><b>The Census Bureau</b>&nbsp;reports new residential construction data for March. Economists forecast a seasonally adjusted annual rate of 1.61 million housing starts, a 13% month-over-month increase.</p><p><blockquote><b>人口普查局</b>报告3月份新住宅建设数据。经济学家预测，经季节性调整后的新屋开工年率为161万套，环比增长13%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/jpmorgan-chase-nvidia-goldman-sachs-delta-and-other-stocks-for-investors-to-watch-this-week-51618167609?mod=hp_LEAD_2\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","WFC":"富国银行","NVDA":"英伟达",".SPX":"S&P 500 Index","GS":"高盛","COIN":"Coinbase Global, Inc.",".DJI":"道琼斯","MS":"摩根士丹利","JPM":"摩根大通"},"source_url":"https://www.barrons.com/articles/jpmorgan-chase-nvidia-goldman-sachs-delta-and-other-stocks-for-investors-to-watch-this-week-51618167609?mod=hp_LEAD_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137529737","content_text":"First-quarter earnings season kicks off this week, beginning as always with results from several of the largest U.S. banks. Goldman Sachs Group, JPMorgan Chase, and Wells Fargo report on Wednesday, followed by Bank of America and Citigroup on Thursday and Morgan Stanley on Friday.Other notable companies reporting this week include industrial supplier Fastenalon Tuesday.Delta Air Lines,PepsiCo,and UnitedHealth Group publish results on Thursday. And Kansas City Southern reports on Friday.  A total of 22 S&P 500 companies report this week, followed by 64 next week.It’s also a busy week for economic data. On Tuesday, the Bureau of Labor Statistics reports the consumer price index for March and the National Federation of Independent Business releases its Small Business Optimism Index for March. Then on Thursday, the Census Bureau reports retail sales data for March. And on Friday, the University of Michigan releases its Consumer Sentiment Index for April.Housing-market data out this week include the National Association of Home Builders’ NAHB/Wells Fargo Housing Market Index for April on Thursday and the Census Bureau’s new residential construction data for March on Friday.Monday 4/12Nvidia hosts its 2021 investor day in conjunction with its GPU Technology conference. Nvidia CEO Jensen Huang will give the keynote address.Tuesday 4/13Fastenal reports quarterly results.The Bureau of Labor Statistics reports the consumer price index for March. Economists forecast a 0.4% monthly increase, matching the February data. The core CPI, which excludes volatile food and energy prices, is expected to rise 0.2%, after edging up 0.1% in February.The National Federation of Independent Business releases its Small Business Optimism Index for March. Consensus estimate is for a 98 reading, higher than February’s 95.8.Wednesday 4/14Earnings season begins in earnest with some of the largest money-center and investment banks reporting. JPMorgan Chase, Wells Fargo, and Goldman Sachs Group release first-quarter results before the market open.First Republic Bankreleases earnings.Coinbase Global is set to make its Wall Street debut on Wednesday through a direct listing of its shares on the Nasdaq.The BLS reports export and import price data for March. Expectations are for a 1% month-over-month rise in export prices, while import prices are seen increasing 0.8%. This compares with gains of 1.6% and 1.3%, respectively, in February.The Federal Reserve releases the beige book for the second of eight times this year. The beige book gathers anecdotal information on current economic conditions from the 12 Fed districts.Thursday 4/15Bank of America,BlackRock,Charles Schwab,Citigroup, Delta Air Lines, PepsiCo,PPG Industries,Truist Financial,U.S. Bancorp,and UnitedHealth Group report quarterly results.The National Association of Home Builders releases its NAHB/Wells Fargo Housing Market Index for April. Economists forecast an 84.5 reading, greater than the March data. Any reading above 50 indicates that home builders are bullish on the housing market for the next six months.The Census Bureau reports retail sales data for March. The consensus call is for consumer spending to rise 1.3% month over month, after declining 3% in February.Friday 4/16Bank of New York Mellon,Citizens Financial Group,Kansas City Southern, Morgan Stanley,PNC Financial Services Group,and State Street hold conference calls to discuss earnings.The University of Michigan releases its Consumer Sentiment Index for April. Expectations are for an 88 reading. March’s 84.9 figure was the highest since a year earlier.The Census Bureau reports new residential construction data for March. Economists forecast a seasonally adjusted annual rate of 1.61 million housing starts, a 13% month-over-month increase.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,"WFC":0.9,"COIN":0.9,"NVDA":0.9,"JPM":0.9,"GS":0.9,".IXIC":0.9,"MS":0.9}},"isVote":1,"tweetType":1,"viewCount":551,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346184827,"gmtCreate":1618014579069,"gmtModify":1634295257047,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579395105035655","authorIdStr":"3579395105035655"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/346184827","repostId":"2126333180","repostType":4,"isVote":1,"tweetType":1,"viewCount":1226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348524040,"gmtCreate":1617943986880,"gmtModify":1634295600555,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579395105035655","authorIdStr":"3579395105035655"},"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/348524040","repostId":"1166602213","repostType":4,"repost":{"id":"1166602213","kind":"news","pubTimestamp":1617941256,"share":"https://www.laohunote.com/m/news/1166602213?lang=zh_CN&edition=full","pubTime":"2021-04-09 12:07","market":"us","language":"en","title":"America's economy could be heading for a golden era of growth. But risks remain<blockquote>美国经济可能正在走向增长的黄金时代。但风险依然存在</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1166602213","media":"cnn","summary":"London (CNN Business) America's economy could be heading for a golden era of growth. But higher pric","content":"<p>London (CNN Business)&nbsp;America's economy could be heading for a golden era of growth. But higher prices and the coronavirus pandemic still present risks.</p><p><blockquote>伦敦（CNN Business）美国经济可能正走向增长的黄金时代。但价格上涨和冠状病毒大流行仍然存在风险。</blockquote></p><p>What's happening: \"It is possible that we will have a Goldilocks moment — fast and sustained growth, inflation that moves up gently (but not too much) and interest rates that rise (but not too much),\" JPMorgan Chase CEO Jamie Dimon said in his widely-read annual letter to shareholders this week.</p><p><blockquote>正在发生的事情：摩根大通首席执行官杰米·戴蒙 (Jamie Dimon) 表示：“我们可能会迎来一个金发姑娘时刻——快速持续的增长、通胀温和上升（但不会太高）以及利率上升（但不会太高）。”他在本周致股东的年度信中被广泛阅读。</blockquote></p><p>Dimon's optimism comes after the International Monetary Fund said that President Joe Biden's $1.9 trillion stimulus package will boost the US economy to 6.4% growth this year. That would be the fastest annual growth rate in the United States since 1984 under President Ronald Reagan.</p><p><blockquote>戴蒙持乐观态度之前，国际货币基金组织表示，乔·拜登总统的 1.9 万亿美元刺激计划将推动美国经济今年增长 6.4%。这将是自1984年罗纳德·里根总统执政以来美国最快的年增长率。</blockquote></p><p>Economic data continues to support rosy predictions.</p><p><blockquote>经济数据继续支持乐观的预测。</blockquote></p><p>This week, the Institute for Supply Management published its monthly report on the US services sector, which accounts for 88% of America's gross domestic product. The group's services index for March jumped to 63.7, the highest level ever recorded.</p><p><blockquote>本周，美国供应管理协会发布了美国服务业月度报告，该行业占美国国内生产总值的 88%。该集团三月份的服务指数跃升至63.7，为有史以来的最高水平。</blockquote></p><p>\"There is clearly a big surge in activity underway,\" said Paul Ashworth, chief US economist at Capital Economics.</p><p><blockquote>凯投宏观（Capital Economics）首席美国经济学家保罗·阿什沃斯（Paul Ashworth）表示：“显然，经济活动正在大幅激增。”</blockquote></p><p>This data has helped keep US stocks near record highs. But an undercurrent of anxiety remains. CNN Business' Fear &amp; Greed Index shows that market sentiment is in \"greedy\" territory, up from a neutral reading one week ago. But investors aren't throwing caution to the wind.</p><p><blockquote>这些数据帮助美国股市保持在历史高位附近。但焦虑的暗流依然存在。CNN Business 的恐惧与贪婪指数显示，市场情绪处于“贪婪”区域，高于一周前的中性读数。但投资者并没有放弃谨慎。</blockquote></p><p>In a recent note to clients, Tobias Levkovich, Citigroup's chief U.S. equity strategist, warned that the fear of missing out appears to be dominating.</p><p><blockquote>花旗集团首席美国股票策略师托比亚斯·莱夫科维奇（Tobias Levkovich）在最近给客户的一份报告中警告说，对错失良机的恐惧似乎占了主导地位。</blockquote></p><p>\"There's a 1999 perspective being noted with pressure for fund managers to participate in rising share prices even if there's also a recognition that it could end badly,\" Levkovich wrote, referring to the dot-com bubble that popped at the turn of the millennium.</p><p><blockquote>列夫科维奇写道：“人们注意到 1999 年的前景，基金经理面临着参与股价上涨的压力，即使人们也认识到股价上涨可能会有糟糕的结局。”他指的是千禧年之交破灭的互联网泡沫。</blockquote></p><p>He worries that investors are overlooking the risk that the Federal Reserve could change course and take some stimulus measures off the table, as well as the impact of \"plausible tax increases being proposed by the Biden administration.\"</p><p><blockquote>他担心投资者忽视了美联储可能改变路线并取消一些刺激措施的风险，以及“拜登政府提出的合理增税”的影响。</blockquote></p><p>\"Indeed, all developments are perceived as positive news,\" Levkovich said.</p><p><blockquote>“事实上，所有事态发展都被视为积极的消息，”列夫科维奇说。</blockquote></p><p>He's not the only one suggesting caution. On Wednesday, Dr. Anthony Fauci, the top US infectious disease expert, told CNN's Anderson Cooper that the number of new Covid-19 cases has plateaued at a \"disturbingly high level,\" and that the country could face yet another spike in infections.</p><p><blockquote>他不是唯一一个建议谨慎的人。周三，美国顶级传染病专家安东尼·福奇博士告诉美国有线电视新闻网的安德森·库珀，新的新冠肺炎病例数量已经稳定在“令人不安的高水平”，该国可能面临另一次感染激增。</blockquote></p><p>\"It's almost a race between getting people vaccinated and this surge that seems to want to increase,\" Fauci said.</p><p><blockquote>福奇说：“让人们接种疫苗和这种似乎想要增加的激增之间几乎是一场竞赛。”</blockquote></p><p>The United States is vaccinating people quickly, with just over 33% of the population, or more than 109 million people, having received at least one dose. Yet the pace needs to increase now that that the virus variant first identified in the United Kingdom — known to be more transmissible and believed to be more deadly — is the country's most common strain.</p><p><blockquote>美国正在迅速为人们接种疫苗，略高于33%的人口，即超过1.09亿人，至少接种了一剂疫苗。然而，现在需要加快步伐，因为首先在英国发现的病毒变种——已知传播性更强，被认为更致命——是该国最常见的毒株。</blockquote></p><p><b>That's one big stock sale</b></p><p><blockquote><b>这是一次大的股票抛售</b></blockquote></p><p>Tencent's biggest shareholder has sold $14.7 billion worth of shares in the Chinese social media and gaming giant, creating a massive war chest to invest in other ventures.</p><p><blockquote>腾讯最大股东出售了这家中国社交媒体和游戏巨头价值 147 亿美元的股票，为投资其他企业创造了巨额资金。</blockquote></p><p>The latest: Prosus (PROSY), a spin-off by South African media and internet investment firm Naspers, sold a 2% stake in Tencent, the Chinese tech giant said in a Hong Kong Stock Exchange filing on Thursday.</p><p><blockquote>最新消息：这家中国科技巨头周四在香港证券交易所提交的文件中表示，南非媒体和互联网投资公司 Naspers 的分拆公司 Prosus (PROSY) 出售了腾讯控股 2% 的股份。</blockquote></p><p>Tencent (TCEHY), which reported a strong financial year during the pandemic, is by far Nasper's most successful investment, my CNN Business colleague Laura He reports.</p><p><blockquote>据我的 CNN 商业同事 Laura He 报道，腾讯控股 (TCEHY) 在疫情期间报告了强劲的财政年度，是 Nasper 迄今为止最成功的投资。</blockquote></p><p>The deal is the biggest block trade ever, according to data provider Refinitiv. Block trades are typically arranged directly between big institutional investors rather than on public stock exchanges.</p><p><blockquote>据数据提供商路孚特称，这笔交易是有史以来最大的大宗交易。大宗交易通常直接在大型机构投资者之间安排，而不是在公开证券交易所进行。</blockquote></p><p>Investor insight: Tencent's stock dropped 1.5% on Thursday in Hong Kong after the news. It has gained about 80% since Prosus was listed on the Amsterdam stock exchange in 2019.</p><p><blockquote>投资者洞察：消息传出后，腾讯股价周四在香港下跌1.5%。自 Prosus 于 2019 年在阿姆斯特丹证券交易所上市以来，其股价已上涨约 80%。</blockquote></p><p>After completion of the deal, Prosus will remain Tencent's single largest shareholder, with a 28.9% stake. But it will lose its controlling shareholder status, which under Hong Kong listing rules is granted to investors who hold at least 30% of voting rights.</p><p><blockquote>交易完成后，Prosus仍将是腾讯的单一最大股东，持股28.9%。但它将失去控股股东地位，根据香港上市规则，控股股东地位授予持有至少30%投票权的投资者。</blockquote></p><p>What's next: The question now is what Prosus will do with all its cash. So far, the company isn't providing many details; in a statement, it said it plans to \"use the proceeds of the sale to increase its financial flexibility to invest in growth, plus for general corporate purposes.\"</p><p><blockquote>下一步：现在的问题是 Prosus 将如何处理其所有现金。到目前为止，该公司还没有提供太多细节；该公司在一份声明中表示，计划“利用此次出售的收益来增加其财务灵活性，以投资于增长，以及用于一般企业目的。”</blockquote></p><p><b>Investing small has been a winning strategy</b></p><p><blockquote><b>小额投资是一种制胜策略</b></blockquote></p><p>The S&amp;P 500 and the Dow keep hitting record highs as blue-chip companies like Caterpillar, Chevron and GM soar.</p><p><blockquote>随着卡特彼勒、雪佛龙和通用汽车等蓝筹公司的股价飙升，标普500和道琼斯指数不断创下历史新高。</blockquote></p><p>But investors shouldn't ignore smaller stocks, my CNN Business colleague Paul R. La Monica reports.</p><p><blockquote>但我的 CNN 商业同事保罗·R·拉莫尼卡 (Paul R. La Monica) 报道称，投资者不应忽视小型股票。</blockquote></p><p></p><p>The Russell 2000, an index that's home to many small cap US stocks, is up about 13% so far in 2021. That's better than the gains for the Dow, S&amp;P 500 and the Mega Tech-dominated Nasdaq, which are up between 6% and 10% this year.</p><p><blockquote>罗素 2000 指数是许多美国小盘股的所在地，2021 年迄今已上涨约 13%。这比道琼斯指数、标普500指数和以科技为主的大型纳斯达克指数的涨幅要好，这些指数今年的涨幅在 6% 到 10% 之间。</blockquote></p><p>Smaller stocks began to rally at the end of 2020 after getting hit hard during the onset of the Covid-19 pandemic in the United States a year ago. They've continued to surge ever since.</p><p><blockquote>在一年前美国爆发 Covid-19 大流行期间遭受重创后，小型股票于 2020 年底开始反弹。从那以后，它们一直在激增。</blockquote></p><p>\"The Russell 2000 has had its best back-to-back quarterly gains in history,\" Megan Horneman, director of portfolio strategy at Verdence Capital Advisors, said in a recent report.</p><p><blockquote>Verdence Capital Advisors 投资组合策略总监梅根·霍尼曼 (Megan Horneman) 在最近的一份报告中表示：“罗素 2000 指数创下了历史上最好的连续季度涨幅。”</blockquote></p><p>The backstory: Stimulus checks are lifting consumer spending and the domestic economy. Many Russell 2000 companies have a bigger chunk of their sales coming from the United States than from international markets.</p><p><blockquote>背景故事：刺激支票正在提振消费者支出和国内经济。许多 Russell 2000 公司的销售额来自美国，而不是国际市场。</blockquote></p><p>\"Even after a rotation towards value and small cap stocks in recent months, relative to history they still look cheap compared to large-cap growth stocks and should benefit from a very strong economic surge,\" said David Kelly, chief global strategist with JPMorgan Funds.</p><p><blockquote>摩根大通首席全球策略师戴维·凯利(David Kelly)表示：“即使最近几个月转向价值股和小盘股，与历史相比，它们看起来仍然很便宜，应该会受益于非常强劲的经济飙升。”基金。</blockquote></p><p><b>Up next</b></p><p><blockquote><b>下一个</b></blockquote></p><p>Conagra (CAG) and Constellation Brands (STZ) report results before US markets open. Levi Strauss (LEVI) follows after the close.</p><p><blockquote>康尼格拉 (CAG) 和星座品牌 (STZ) 在美国市场开盘前报告业绩。李维斯（列维）在结束后紧随其后。</blockquote></p><p>Also today:</p><p><blockquote>今天也是：</blockquote></p><p><ul><li>US initial unemployment claims for last week post at 8:30 a.m. ET.</li><li>Federal Reserve Chair Jerome Powell gives a speech on the global economy at 12 p.m. ET.</li></ul>Coming tomorrow: The Producer Price Index will provide a fresh look at US inflation trends.</p><p><blockquote><ul><li>美国上周首次申请失业救济人数将于美国东部时间上午 8:30 公布。</li><li>美联储主席杰罗姆·鲍威尔将于美国东部时间中午 12 点就全球经济发表演讲。</li></ul>明天即将到来：生产者价格指数将为美国通胀趋势提供新的视角。</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>America's economy could be heading for a golden era of growth. But risks remain<blockquote>美国经济可能正在走向增长的黄金时代。但风险依然存在</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\">\nAmerica's economy could be heading for a golden era of growth. But risks remain<blockquote>美国经济可能正在走向增长的黄金时代。但风险依然存在</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">cnn</strong><span class=\"h-time small\">2021-04-09 12:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p>London (CNN Business)&nbsp;America's economy could be heading for a golden era of growth. But higher prices and the coronavirus pandemic still present risks.</p><p><blockquote>伦敦（CNN Business）美国经济可能正走向增长的黄金时代。但价格上涨和冠状病毒大流行仍然存在风险。</blockquote></p><p>What's happening: \"It is possible that we will have a Goldilocks moment — fast and sustained growth, inflation that moves up gently (but not too much) and interest rates that rise (but not too much),\" JPMorgan Chase CEO Jamie Dimon said in his widely-read annual letter to shareholders this week.</p><p><blockquote>正在发生的事情：摩根大通首席执行官杰米·戴蒙 (Jamie Dimon) 表示：“我们可能会迎来一个金发姑娘时刻——快速持续的增长、通胀温和上升（但不会太高）以及利率上升（但不会太高）。”他在本周致股东的年度信中被广泛阅读。</blockquote></p><p>Dimon's optimism comes after the International Monetary Fund said that President Joe Biden's $1.9 trillion stimulus package will boost the US economy to 6.4% growth this year. That would be the fastest annual growth rate in the United States since 1984 under President Ronald Reagan.</p><p><blockquote>戴蒙持乐观态度之前，国际货币基金组织表示，乔·拜登总统的 1.9 万亿美元刺激计划将推动美国经济今年增长 6.4%。这将是自1984年罗纳德·里根总统执政以来美国最快的年增长率。</blockquote></p><p>Economic data continues to support rosy predictions.</p><p><blockquote>经济数据继续支持乐观的预测。</blockquote></p><p>This week, the Institute for Supply Management published its monthly report on the US services sector, which accounts for 88% of America's gross domestic product. The group's services index for March jumped to 63.7, the highest level ever recorded.</p><p><blockquote>本周，美国供应管理协会发布了美国服务业月度报告，该行业占美国国内生产总值的 88%。该集团三月份的服务指数跃升至63.7，为有史以来的最高水平。</blockquote></p><p>\"There is clearly a big surge in activity underway,\" said Paul Ashworth, chief US economist at Capital Economics.</p><p><blockquote>凯投宏观（Capital Economics）首席美国经济学家保罗·阿什沃斯（Paul Ashworth）表示：“显然，经济活动正在大幅激增。”</blockquote></p><p>This data has helped keep US stocks near record highs. But an undercurrent of anxiety remains. CNN Business' Fear &amp; Greed Index shows that market sentiment is in \"greedy\" territory, up from a neutral reading one week ago. But investors aren't throwing caution to the wind.</p><p><blockquote>这些数据帮助美国股市保持在历史高位附近。但焦虑的暗流依然存在。CNN Business 的恐惧与贪婪指数显示，市场情绪处于“贪婪”区域，高于一周前的中性读数。但投资者并没有放弃谨慎。</blockquote></p><p>In a recent note to clients, Tobias Levkovich, Citigroup's chief U.S. equity strategist, warned that the fear of missing out appears to be dominating.</p><p><blockquote>花旗集团首席美国股票策略师托比亚斯·莱夫科维奇（Tobias Levkovich）在最近给客户的一份报告中警告说，对错失良机的恐惧似乎占了主导地位。</blockquote></p><p>\"There's a 1999 perspective being noted with pressure for fund managers to participate in rising share prices even if there's also a recognition that it could end badly,\" Levkovich wrote, referring to the dot-com bubble that popped at the turn of the millennium.</p><p><blockquote>列夫科维奇写道：“人们注意到 1999 年的前景，基金经理面临着参与股价上涨的压力，即使人们也认识到股价上涨可能会有糟糕的结局。”他指的是千禧年之交破灭的互联网泡沫。</blockquote></p><p>He worries that investors are overlooking the risk that the Federal Reserve could change course and take some stimulus measures off the table, as well as the impact of \"plausible tax increases being proposed by the Biden administration.\"</p><p><blockquote>他担心投资者忽视了美联储可能改变路线并取消一些刺激措施的风险，以及“拜登政府提出的合理增税”的影响。</blockquote></p><p>\"Indeed, all developments are perceived as positive news,\" Levkovich said.</p><p><blockquote>“事实上，所有事态发展都被视为积极的消息，”列夫科维奇说。</blockquote></p><p>He's not the only one suggesting caution. On Wednesday, Dr. Anthony Fauci, the top US infectious disease expert, told CNN's Anderson Cooper that the number of new Covid-19 cases has plateaued at a \"disturbingly high level,\" and that the country could face yet another spike in infections.</p><p><blockquote>他不是唯一一个建议谨慎的人。周三，美国顶级传染病专家安东尼·福奇博士告诉美国有线电视新闻网的安德森·库珀，新的新冠肺炎病例数量已经稳定在“令人不安的高水平”，该国可能面临另一次感染激增。</blockquote></p><p>\"It's almost a race between getting people vaccinated and this surge that seems to want to increase,\" Fauci said.</p><p><blockquote>福奇说：“让人们接种疫苗和这种似乎想要增加的激增之间几乎是一场竞赛。”</blockquote></p><p>The United States is vaccinating people quickly, with just over 33% of the population, or more than 109 million people, having received at least one dose. Yet the pace needs to increase now that that the virus variant first identified in the United Kingdom — known to be more transmissible and believed to be more deadly — is the country's most common strain.</p><p><blockquote>美国正在迅速为人们接种疫苗，略高于33%的人口，即超过1.09亿人，至少接种了一剂疫苗。然而，现在需要加快步伐，因为首先在英国发现的病毒变种——已知传播性更强，被认为更致命——是该国最常见的毒株。</blockquote></p><p><b>That's one big stock sale</b></p><p><blockquote><b>这是一次大的股票抛售</b></blockquote></p><p>Tencent's biggest shareholder has sold $14.7 billion worth of shares in the Chinese social media and gaming giant, creating a massive war chest to invest in other ventures.</p><p><blockquote>腾讯最大股东出售了这家中国社交媒体和游戏巨头价值 147 亿美元的股票，为投资其他企业创造了巨额资金。</blockquote></p><p>The latest: Prosus (PROSY), a spin-off by South African media and internet investment firm Naspers, sold a 2% stake in Tencent, the Chinese tech giant said in a Hong Kong Stock Exchange filing on Thursday.</p><p><blockquote>最新消息：这家中国科技巨头周四在香港证券交易所提交的文件中表示，南非媒体和互联网投资公司 Naspers 的分拆公司 Prosus (PROSY) 出售了腾讯控股 2% 的股份。</blockquote></p><p>Tencent (TCEHY), which reported a strong financial year during the pandemic, is by far Nasper's most successful investment, my CNN Business colleague Laura He reports.</p><p><blockquote>据我的 CNN 商业同事 Laura He 报道，腾讯控股 (TCEHY) 在疫情期间报告了强劲的财政年度，是 Nasper 迄今为止最成功的投资。</blockquote></p><p>The deal is the biggest block trade ever, according to data provider Refinitiv. Block trades are typically arranged directly between big institutional investors rather than on public stock exchanges.</p><p><blockquote>据数据提供商路孚特称，这笔交易是有史以来最大的大宗交易。大宗交易通常直接在大型机构投资者之间安排，而不是在公开证券交易所进行。</blockquote></p><p>Investor insight: Tencent's stock dropped 1.5% on Thursday in Hong Kong after the news. It has gained about 80% since Prosus was listed on the Amsterdam stock exchange in 2019.</p><p><blockquote>投资者洞察：消息传出后，腾讯股价周四在香港下跌1.5%。自 Prosus 于 2019 年在阿姆斯特丹证券交易所上市以来，其股价已上涨约 80%。</blockquote></p><p>After completion of the deal, Prosus will remain Tencent's single largest shareholder, with a 28.9% stake. But it will lose its controlling shareholder status, which under Hong Kong listing rules is granted to investors who hold at least 30% of voting rights.</p><p><blockquote>交易完成后，Prosus仍将是腾讯的单一最大股东，持股28.9%。但它将失去控股股东地位，根据香港上市规则，控股股东地位授予持有至少30%投票权的投资者。</blockquote></p><p>What's next: The question now is what Prosus will do with all its cash. So far, the company isn't providing many details; in a statement, it said it plans to \"use the proceeds of the sale to increase its financial flexibility to invest in growth, plus for general corporate purposes.\"</p><p><blockquote>下一步：现在的问题是 Prosus 将如何处理其所有现金。到目前为止，该公司还没有提供太多细节；该公司在一份声明中表示，计划“利用此次出售的收益来增加其财务灵活性，以投资于增长，以及用于一般企业目的。”</blockquote></p><p><b>Investing small has been a winning strategy</b></p><p><blockquote><b>小额投资是一种制胜策略</b></blockquote></p><p>The S&amp;P 500 and the Dow keep hitting record highs as blue-chip companies like Caterpillar, Chevron and GM soar.</p><p><blockquote>随着卡特彼勒、雪佛龙和通用汽车等蓝筹公司的股价飙升，标普500和道琼斯指数不断创下历史新高。</blockquote></p><p>But investors shouldn't ignore smaller stocks, my CNN Business colleague Paul R. La Monica reports.</p><p><blockquote>但我的 CNN 商业同事保罗·R·拉莫尼卡 (Paul R. La Monica) 报道称，投资者不应忽视小型股票。</blockquote></p><p></p><p>The Russell 2000, an index that's home to many small cap US stocks, is up about 13% so far in 2021. That's better than the gains for the Dow, S&amp;P 500 and the Mega Tech-dominated Nasdaq, which are up between 6% and 10% this year.</p><p><blockquote>罗素 2000 指数是许多美国小盘股的所在地，2021 年迄今已上涨约 13%。这比道琼斯指数、标普500指数和以科技为主的大型纳斯达克指数的涨幅要好，这些指数今年的涨幅在 6% 到 10% 之间。</blockquote></p><p>Smaller stocks began to rally at the end of 2020 after getting hit hard during the onset of the Covid-19 pandemic in the United States a year ago. They've continued to surge ever since.</p><p><blockquote>在一年前美国爆发 Covid-19 大流行期间遭受重创后，小型股票于 2020 年底开始反弹。从那以后，它们一直在激增。</blockquote></p><p>\"The Russell 2000 has had its best back-to-back quarterly gains in history,\" Megan Horneman, director of portfolio strategy at Verdence Capital Advisors, said in a recent report.</p><p><blockquote>Verdence Capital Advisors 投资组合策略总监梅根·霍尼曼 (Megan Horneman) 在最近的一份报告中表示：“罗素 2000 指数创下了历史上最好的连续季度涨幅。”</blockquote></p><p>The backstory: Stimulus checks are lifting consumer spending and the domestic economy. Many Russell 2000 companies have a bigger chunk of their sales coming from the United States than from international markets.</p><p><blockquote>背景故事：刺激支票正在提振消费者支出和国内经济。许多 Russell 2000 公司的销售额来自美国，而不是国际市场。</blockquote></p><p>\"Even after a rotation towards value and small cap stocks in recent months, relative to history they still look cheap compared to large-cap growth stocks and should benefit from a very strong economic surge,\" said David Kelly, chief global strategist with JPMorgan Funds.</p><p><blockquote>摩根大通首席全球策略师戴维·凯利(David Kelly)表示：“即使最近几个月转向价值股和小盘股，与历史相比，它们看起来仍然很便宜，应该会受益于非常强劲的经济飙升。”基金。</blockquote></p><p><b>Up next</b></p><p><blockquote><b>下一个</b></blockquote></p><p>Conagra (CAG) and Constellation Brands (STZ) report results before US markets open. Levi Strauss (LEVI) follows after the close.</p><p><blockquote>康尼格拉 (CAG) 和星座品牌 (STZ) 在美国市场开盘前报告业绩。李维斯（列维）在结束后紧随其后。</blockquote></p><p>Also today:</p><p><blockquote>今天也是：</blockquote></p><p><ul><li>US initial unemployment claims for last week post at 8:30 a.m. ET.</li><li>Federal Reserve Chair Jerome Powell gives a speech on the global economy at 12 p.m. ET.</li></ul>Coming tomorrow: The Producer Price Index will provide a fresh look at US inflation trends.</p><p><blockquote><ul><li>美国上周首次申请失业救济人数将于美国东部时间上午 8:30 公布。</li><li>美联储主席杰罗姆·鲍威尔将于美国东部时间中午 12 点就全球经济发表演讲。</li></ul>明天即将到来：生产者价格指数将为美国通胀趋势提供新的视角。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/04/08/investing/premarket-stocks-trading/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":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://edition.cnn.com/2021/04/08/investing/premarket-stocks-trading/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166602213","content_text":"London (CNN Business) America's economy could be heading for a golden era of growth. But higher prices and the coronavirus pandemic still present risks.What's happening: \"It is possible that we will have a Goldilocks moment — fast and sustained growth, inflation that moves up gently (but not too much) and interest rates that rise (but not too much),\" JPMorgan Chase CEO Jamie Dimon said in his widely-read annual letter to shareholders this week.Dimon's optimism comes after the International Monetary Fund said that President Joe Biden's $1.9 trillion stimulus package will boost the US economy to 6.4% growth this year. That would be the fastest annual growth rate in the United States since 1984 under President Ronald Reagan.Economic data continues to support rosy predictions.This week, the Institute for Supply Management published its monthly report on the US services sector, which accounts for 88% of America's gross domestic product. The group's services index for March jumped to 63.7, the highest level ever recorded.\"There is clearly a big surge in activity underway,\" said Paul Ashworth, chief US economist at Capital Economics.This data has helped keep US stocks near record highs. But an undercurrent of anxiety remains. CNN Business' Fear & Greed Index shows that market sentiment is in \"greedy\" territory, up from a neutral reading one week ago. But investors aren't throwing caution to the wind.In a recent note to clients, Tobias Levkovich, Citigroup's chief U.S. equity strategist, warned that the fear of missing out appears to be dominating.\"There's a 1999 perspective being noted with pressure for fund managers to participate in rising share prices even if there's also a recognition that it could end badly,\" Levkovich wrote, referring to the dot-com bubble that popped at the turn of the millennium.He worries that investors are overlooking the risk that the Federal Reserve could change course and take some stimulus measures off the table, as well as the impact of \"plausible tax increases being proposed by the Biden administration.\"\"Indeed, all developments are perceived as positive news,\" Levkovich said.He's not the only one suggesting caution. On Wednesday, Dr. Anthony Fauci, the top US infectious disease expert, told CNN's Anderson Cooper that the number of new Covid-19 cases has plateaued at a \"disturbingly high level,\" and that the country could face yet another spike in infections.\"It's almost a race between getting people vaccinated and this surge that seems to want to increase,\" Fauci said.The United States is vaccinating people quickly, with just over 33% of the population, or more than 109 million people, having received at least one dose. Yet the pace needs to increase now that that the virus variant first identified in the United Kingdom — known to be more transmissible and believed to be more deadly — is the country's most common strain.That's one big stock saleTencent's biggest shareholder has sold $14.7 billion worth of shares in the Chinese social media and gaming giant, creating a massive war chest to invest in other ventures.The latest: Prosus (PROSY), a spin-off by South African media and internet investment firm Naspers, sold a 2% stake in Tencent, the Chinese tech giant said in a Hong Kong Stock Exchange filing on Thursday.Tencent (TCEHY), which reported a strong financial year during the pandemic, is by far Nasper's most successful investment, my CNN Business colleague Laura He reports.The deal is the biggest block trade ever, according to data provider Refinitiv. Block trades are typically arranged directly between big institutional investors rather than on public stock exchanges.Investor insight: Tencent's stock dropped 1.5% on Thursday in Hong Kong after the news. It has gained about 80% since Prosus was listed on the Amsterdam stock exchange in 2019.After completion of the deal, Prosus will remain Tencent's single largest shareholder, with a 28.9% stake. But it will lose its controlling shareholder status, which under Hong Kong listing rules is granted to investors who hold at least 30% of voting rights.What's next: The question now is what Prosus will do with all its cash. So far, the company isn't providing many details; in a statement, it said it plans to \"use the proceeds of the sale to increase its financial flexibility to invest in growth, plus for general corporate purposes.\"Investing small has been a winning strategyThe S&P 500 and the Dow keep hitting record highs as blue-chip companies like Caterpillar, Chevron and GM soar.But investors shouldn't ignore smaller stocks, my CNN Business colleague Paul R. La Monica reports.The Russell 2000, an index that's home to many small cap US stocks, is up about 13% so far in 2021. That's better than the gains for the Dow, S&P 500 and the Mega Tech-dominated Nasdaq, which are up between 6% and 10% this year.Smaller stocks began to rally at the end of 2020 after getting hit hard during the onset of the Covid-19 pandemic in the United States a year ago. They've continued to surge ever since.\"The Russell 2000 has had its best back-to-back quarterly gains in history,\" Megan Horneman, director of portfolio strategy at Verdence Capital Advisors, said in a recent report.The backstory: Stimulus checks are lifting consumer spending and the domestic economy. Many Russell 2000 companies have a bigger chunk of their sales coming from the United States than from international markets.\"Even after a rotation towards value and small cap stocks in recent months, relative to history they still look cheap compared to large-cap growth stocks and should benefit from a very strong economic surge,\" said David Kelly, chief global strategist with JPMorgan Funds.Up nextConagra (CAG) and Constellation Brands (STZ) report results before US markets open. Levi Strauss (LEVI) follows after the close.Also today:US initial unemployment claims for last week post at 8:30 a.m. ET.Federal Reserve Chair Jerome Powell gives a speech on the global economy at 12 p.m. ET.Coming tomorrow: The Producer Price Index will provide a fresh look at US inflation trends.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,"SPY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":924,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341760754,"gmtCreate":1617856780178,"gmtModify":1634296110503,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579395105035655","authorIdStr":"3579395105035655"},"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/341760754","repostId":"1139460968","repostType":4,"isVote":1,"tweetType":1,"viewCount":829,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341909058,"gmtCreate":1617766863374,"gmtModify":1634296624863,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579395105035655","authorIdStr":"3579395105035655"},"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/341909058","repostId":"1130149871","repostType":4,"isVote":1,"tweetType":1,"viewCount":721,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343918941,"gmtCreate":1617669084983,"gmtModify":1634297238491,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579395105035655","authorIdStr":"3579395105035655"},"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/343918941","repostId":"1176115930","repostType":2,"repost":{"id":"1176115930","kind":"news","pubTimestamp":1617634372,"share":"https://www.laohunote.com/m/news/1176115930?lang=zh_CN&edition=full","pubTime":"2021-04-05 22:52","market":"us","language":"en","title":"Tesla’s Delivery Numbers Looked Great. Here’s What Wall Street Thinks.<blockquote>特斯拉的送货数据看起来不错。以下是华尔街的看法。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1176115930","media":"Barrons","summary":"Tesla‘s first-quarter deliveries, reported on Friday during the market’s close, blew away Wall Stree","content":"<p>Tesla‘s first-quarter deliveries, reported on Friday during the market’s close, blew away Wall Street’s expectations. Investors sent shares of the electric-vehicle pioneer up sharply in early morning trading on Monday.</p><p><blockquote>周五收盘时公布的特斯拉第一季度交付数据打破了华尔街的预期。周一早盘，投资者将这家电动汽车先驱的股价大幅上涨。</blockquote></p><p> Tesla (ticker: TSLA) reported 185,000 vehicle deliveries for the first three months of 2021. Analyst projections for the quarter had drifted down to between 160,000 and 170,000 vehicles due to the global automotive microchip shortage roiling the entire automotive industry.</p><p><blockquote>特斯拉（股票代码：TSLA）报告称，2021 年前三个月交付了 185,000 辆汽车。由于全球汽车微芯片短缺扰乱了整个汽车行业，分析师对本季度的预测已降至 16 万至 17 万辆。</blockquote></p><p> It was a big beat. What’s more, Tesla’s 185,000 deliveries were higher than what the Street expected before analysts warned of the chip shortage. Tesla stock, as a result, is up almost 8% in premarket trading to about $711 a share.S&amp;P 500&nbsp;and&nbsp;Dow Jones Industrial Average&nbsp;futures, for comparison, are both up less than 1%.</p><p><blockquote>这是一个很大的打击。此外，在分析师警告芯片短缺之前，特斯拉的 18.5 万台交付量高于华尔街的预期。因此，特斯拉股价在盘前交易中上涨近 8%，至约每股 711 美元。相比之下，标准普尔 500 指数和道琼斯工业平均指数期货的涨幅均不到 1%。</blockquote></p><p> The car maker’s deliveries were good enough for one analyst to upgrade his rating on the stock. Wedbush’sDan Ivesboosted his rating to Buy from Hold and raised his price target to $1,000 a share from $950. “The 1Q delivery number….was a paradigm changer and shows that the pent-up demand globally for&nbsp;Tesla’s Model 3/Y is hitting its next stage of growth,” wrote Ives in a Sunday note. “A global green tidal wave [is] underway.”</p><p><blockquote>这家汽车制造商的交付业绩足以让一位分析师上调对该股的评级。Wedbush 的 Dan Ives 将评级从持有上调至买入，并将目标价从每股 950 美元上调至 1000 美元。“艾夫斯在周日的一份报告中写道：”第一季度的交付量.是一个范式改变，表明全球对特斯拉 Model 3/Y 的压抑需求正在进入下一阶段的增长。“全球绿色浪潮正在兴起。”</blockquote></p><p> Ives expects government incentives around the world to boost demand for electric vehicles. He increased his full-year delivery target for Tesla to about 850,000 vehicles. The current Wall Street consensus is about 800,000.</p><p><blockquote>艾夫斯预计世界各地的政府激励措施将提振对电动汽车的需求。他将特斯拉的全年交付目标提高到约85万辆。目前华尔街的共识是80万左右。</blockquote></p><p> New Street Research analyst&nbsp;Pierre Ferragu&nbsp;rated Tesla shares Buy with a $900 price target before Tesla’s delivery report. Ferragu, however, was a little nervous, believing that the chip shortage would impact deliveries. The results dismissed those concerns: “Initial review suggests we missed a monster March in China with Model Y ramping faster than we expected.” He sees Tesla’s earnings estimate moving higher because of Model Y growth. He also believes Tesla’s Model S and X vehicles, which are undergoing a refresh next quarter to upgrade interiors and features, can boost second-quarter results.</p><p><blockquote>在特斯拉发布交割报告之前，New Street Research 分析师 Pierre Ferragu 给予特斯拉股票买入评级，目标价为 900 美元。然而，费拉古有点紧张，认为芯片短缺会影响交付。结果打消了这些担忧： “初步审查表明，我们错过了在中国的一次怪兽游行，Model Y 的速度比我们预期的要快”。他认为，由于 Model Y 的增长，特斯拉的盈利预期将会上调。他还相信，特斯拉的 Model S 和 X 车型将在下一季度进行更新，以升级内饰和功能，这两款车型可以提升第二季度的业绩。</blockquote></p><p> Tesla delivered 2,000 Model S and X vehicles in the first quarter, lower than Baird analystBen Kalloexpected. “While a miss, this result is an inventory-clearing event ahead of significant upgrades of the model S and X,” wrote Kallo in a Monday report. those are undergoing a “refresh” in the second quarter. Auto makers will refresh models from time to time, upgrading interiors and features.</p><p><blockquote>特斯拉第一季度交付了 2,000 辆 Model S 和 X 汽车，低于 Baird 分析师 Ben Kallo 的预期。“卡洛在周一的一份报告中写道：”虽然这是一个失误，但这一结果是 model S 和 X 重大升级之前的一次库存清理事件。这些公司将在第二季度进行 “刷新”。汽车制造商会不时更新车型，升级内饰和功能。</blockquote></p><p> This will be the most significant refresh of those two models. Tesla will also launch the Model S Plaid edition, which the car maker says will be the fastest production vehicle ever made. “The new vehicles are due for [second quarter] delivery as the company is in the early stages of ramping production.”</p><p><blockquote>这将是这两款车型中最重大的更新。特斯拉还将推出 Model S Plaid 版，该汽车制造商表示这将是有史以来最快的量产车。“由于公司正处于提高产量的早期阶段，新车将于[第二季度]交付”。</blockquote></p><p> Kallo rates shares Buy and has a $736 price target for the stock.</p><p><blockquote>Kallo 给予股票买入评级，并将该股目标价定为 736 美元。</blockquote></p><p> Not everyone is as bullish on Tesla stock. Cowen analystJeffery Osbornerates shares Hold. Despite his more cautious view, Osborne is raising his full-year delivery numbers and price target for shares of Tesla. “Receptivity to the Model Y in China was always a grey area in our minds since there was never disclosure on deposit/interest levels from Tesla,” wrote Osborne in a Sunday report. “Given the upside in [the first quarter] coupled with the positive tone in the release, we are raising our Model Y forecasts for 2021 and would expect the Street to do so.” Osborne raised his price target to $573 from $545.</p><p><blockquote>并非每个人都同样看好特斯拉股票。Cowen 分析师 Jeffery Osborne 持有股票。尽管奥斯本的观点更为谨慎，但他仍提高了特斯拉股票的全年交付数字和目标价。“奥斯本在周日的一份报告中写道：”在中国，对 Model Y 的接受度一直是我们心目中的灰色地带，因为特斯拉从未披露过存款/利息水平。“鉴于（第一季度）的上涨空间，再加上发布时的积极基调，我们正在上调 Model Y 2021 年的预测，并预计华尔街也会这样做”。奥斯本将目标价从 545 美元上调至 573 美元。</blockquote></p><p> J.P. Morgan analyst&nbsp;Ryan Brinkman, who rates shares Sell, raised his target to $155 from $135 a share, still well below where the stock has been trading. Brinkman noted that sequential deliveries from the fourth to the first quarter, at 2%, were essentially flat. That’s one reason he believes Tesla stock is overpriced.</p><p><blockquote>摩根大通分析师瑞安·布林克曼 (Ryan Brinkman) 将该股评级为卖出，他将目标价从每股 135 美元上调至 155 美元，仍远低于该股的交易价格。布林克曼指出，从第四季度到第一季度的连续交付量为 2%，基本持平。这也是他认为特斯拉股票定价过高的原因之一。</blockquote></p><p> Sell-rated GLJ analyst&nbsp;Gordon Johnson&nbsp;made the same point in his note. “Tesla has a growing demand problem,” wrote Johnson, saying that the more than 100% year-over-year growth in the first quarter isn’t as important as the 2% sequential growth from the fourth to the first quarter. His target price for Tesla stock is the lowest on the Street at $67 a share.</p><p><blockquote>卖出评级的 GLJ 分析师戈登·约翰逊 (Gordon Johnson) 在他的报告中表达了同样的观点。“约翰逊写道：”特斯拉的需求问题日益严重，他说，第一季度超过100%的同比增长不如第四季度到第一季度连续增长2%重要。他对特斯拉股票的目标价是华尔街最低的，为每股 67 美元。</blockquote></p><p> Johnson also questioned why Tesla&nbsp;produced zero&nbsp;Model S and X vehicles in the first quarter ahead of the refresh. That’s something analysts and investors can ask management about on the coming conference call.</p><p><blockquote>Johnson 还质疑为什么特斯拉在更新之前的第一季度生产了零 Model S 和 X 汽车。这是分析师和投资者可以就即将到来的电话会议向管理层询问的问题。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla’s Delivery Numbers Looked Great. Here’s What Wall Street Thinks.<blockquote>特斯拉的送货数据看起来不错。以下是华尔街的看法。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla’s Delivery Numbers Looked Great. Here’s What Wall Street Thinks.<blockquote>特斯拉的送货数据看起来不错。以下是华尔街的看法。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-04-05 22:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Tesla‘s first-quarter deliveries, reported on Friday during the market’s close, blew away Wall Street’s expectations. Investors sent shares of the electric-vehicle pioneer up sharply in early morning trading on Monday.</p><p><blockquote>周五收盘时公布的特斯拉第一季度交付数据打破了华尔街的预期。周一早盘，投资者将这家电动汽车先驱的股价大幅上涨。</blockquote></p><p> Tesla (ticker: TSLA) reported 185,000 vehicle deliveries for the first three months of 2021. Analyst projections for the quarter had drifted down to between 160,000 and 170,000 vehicles due to the global automotive microchip shortage roiling the entire automotive industry.</p><p><blockquote>特斯拉（股票代码：TSLA）报告称，2021 年前三个月交付了 185,000 辆汽车。由于全球汽车微芯片短缺扰乱了整个汽车行业，分析师对本季度的预测已降至 16 万至 17 万辆。</blockquote></p><p> It was a big beat. What’s more, Tesla’s 185,000 deliveries were higher than what the Street expected before analysts warned of the chip shortage. Tesla stock, as a result, is up almost 8% in premarket trading to about $711 a share.S&amp;P 500&nbsp;and&nbsp;Dow Jones Industrial Average&nbsp;futures, for comparison, are both up less than 1%.</p><p><blockquote>这是一个很大的打击。此外，在分析师警告芯片短缺之前，特斯拉的 18.5 万台交付量高于华尔街的预期。因此，特斯拉股价在盘前交易中上涨近 8%，至约每股 711 美元。相比之下，标准普尔 500 指数和道琼斯工业平均指数期货的涨幅均不到 1%。</blockquote></p><p> The car maker’s deliveries were good enough for one analyst to upgrade his rating on the stock. Wedbush’sDan Ivesboosted his rating to Buy from Hold and raised his price target to $1,000 a share from $950. “The 1Q delivery number….was a paradigm changer and shows that the pent-up demand globally for&nbsp;Tesla’s Model 3/Y is hitting its next stage of growth,” wrote Ives in a Sunday note. “A global green tidal wave [is] underway.”</p><p><blockquote>这家汽车制造商的交付业绩足以让一位分析师上调对该股的评级。Wedbush 的 Dan Ives 将评级从持有上调至买入，并将目标价从每股 950 美元上调至 1000 美元。“艾夫斯在周日的一份报告中写道：”第一季度的交付量.是一个范式改变，表明全球对特斯拉 Model 3/Y 的压抑需求正在进入下一阶段的增长。“全球绿色浪潮正在兴起。”</blockquote></p><p> Ives expects government incentives around the world to boost demand for electric vehicles. He increased his full-year delivery target for Tesla to about 850,000 vehicles. The current Wall Street consensus is about 800,000.</p><p><blockquote>艾夫斯预计世界各地的政府激励措施将提振对电动汽车的需求。他将特斯拉的全年交付目标提高到约85万辆。目前华尔街的共识是80万左右。</blockquote></p><p> New Street Research analyst&nbsp;Pierre Ferragu&nbsp;rated Tesla shares Buy with a $900 price target before Tesla’s delivery report. Ferragu, however, was a little nervous, believing that the chip shortage would impact deliveries. The results dismissed those concerns: “Initial review suggests we missed a monster March in China with Model Y ramping faster than we expected.” He sees Tesla’s earnings estimate moving higher because of Model Y growth. He also believes Tesla’s Model S and X vehicles, which are undergoing a refresh next quarter to upgrade interiors and features, can boost second-quarter results.</p><p><blockquote>在特斯拉发布交割报告之前，New Street Research 分析师 Pierre Ferragu 给予特斯拉股票买入评级，目标价为 900 美元。然而，费拉古有点紧张，认为芯片短缺会影响交付。结果打消了这些担忧： “初步审查表明，我们错过了在中国的一次怪兽游行，Model Y 的速度比我们预期的要快”。他认为，由于 Model Y 的增长，特斯拉的盈利预期将会上调。他还相信，特斯拉的 Model S 和 X 车型将在下一季度进行更新，以升级内饰和功能，这两款车型可以提升第二季度的业绩。</blockquote></p><p> Tesla delivered 2,000 Model S and X vehicles in the first quarter, lower than Baird analystBen Kalloexpected. “While a miss, this result is an inventory-clearing event ahead of significant upgrades of the model S and X,” wrote Kallo in a Monday report. those are undergoing a “refresh” in the second quarter. Auto makers will refresh models from time to time, upgrading interiors and features.</p><p><blockquote>特斯拉第一季度交付了 2,000 辆 Model S 和 X 汽车，低于 Baird 分析师 Ben Kallo 的预期。“卡洛在周一的一份报告中写道：”虽然这是一个失误，但这一结果是 model S 和 X 重大升级之前的一次库存清理事件。这些公司将在第二季度进行 “刷新”。汽车制造商会不时更新车型，升级内饰和功能。</blockquote></p><p> This will be the most significant refresh of those two models. Tesla will also launch the Model S Plaid edition, which the car maker says will be the fastest production vehicle ever made. “The new vehicles are due for [second quarter] delivery as the company is in the early stages of ramping production.”</p><p><blockquote>这将是这两款车型中最重大的更新。特斯拉还将推出 Model S Plaid 版，该汽车制造商表示这将是有史以来最快的量产车。“由于公司正处于提高产量的早期阶段，新车将于[第二季度]交付”。</blockquote></p><p> Kallo rates shares Buy and has a $736 price target for the stock.</p><p><blockquote>Kallo 给予股票买入评级，并将该股目标价定为 736 美元。</blockquote></p><p> Not everyone is as bullish on Tesla stock. Cowen analystJeffery Osbornerates shares Hold. Despite his more cautious view, Osborne is raising his full-year delivery numbers and price target for shares of Tesla. “Receptivity to the Model Y in China was always a grey area in our minds since there was never disclosure on deposit/interest levels from Tesla,” wrote Osborne in a Sunday report. “Given the upside in [the first quarter] coupled with the positive tone in the release, we are raising our Model Y forecasts for 2021 and would expect the Street to do so.” Osborne raised his price target to $573 from $545.</p><p><blockquote>并非每个人都同样看好特斯拉股票。Cowen 分析师 Jeffery Osborne 持有股票。尽管奥斯本的观点更为谨慎，但他仍提高了特斯拉股票的全年交付数字和目标价。“奥斯本在周日的一份报告中写道：”在中国，对 Model Y 的接受度一直是我们心目中的灰色地带，因为特斯拉从未披露过存款/利息水平。“鉴于（第一季度）的上涨空间，再加上发布时的积极基调，我们正在上调 Model Y 2021 年的预测，并预计华尔街也会这样做”。奥斯本将目标价从 545 美元上调至 573 美元。</blockquote></p><p> J.P. Morgan analyst&nbsp;Ryan Brinkman, who rates shares Sell, raised his target to $155 from $135 a share, still well below where the stock has been trading. Brinkman noted that sequential deliveries from the fourth to the first quarter, at 2%, were essentially flat. That’s one reason he believes Tesla stock is overpriced.</p><p><blockquote>摩根大通分析师瑞安·布林克曼 (Ryan Brinkman) 将该股评级为卖出，他将目标价从每股 135 美元上调至 155 美元，仍远低于该股的交易价格。布林克曼指出，从第四季度到第一季度的连续交付量为 2%，基本持平。这也是他认为特斯拉股票定价过高的原因之一。</blockquote></p><p> Sell-rated GLJ analyst&nbsp;Gordon Johnson&nbsp;made the same point in his note. “Tesla has a growing demand problem,” wrote Johnson, saying that the more than 100% year-over-year growth in the first quarter isn’t as important as the 2% sequential growth from the fourth to the first quarter. His target price for Tesla stock is the lowest on the Street at $67 a share.</p><p><blockquote>卖出评级的 GLJ 分析师戈登·约翰逊 (Gordon Johnson) 在他的报告中表达了同样的观点。“约翰逊写道：”特斯拉的需求问题日益严重，他说，第一季度超过100%的同比增长不如第四季度到第一季度连续增长2%重要。他对特斯拉股票的目标价是华尔街最低的，为每股 67 美元。</blockquote></p><p> Johnson also questioned why Tesla&nbsp;produced zero&nbsp;Model S and X vehicles in the first quarter ahead of the refresh. That’s something analysts and investors can ask management about on the coming conference call.</p><p><blockquote>Johnson 还质疑为什么特斯拉在更新之前的第一季度生产了零 Model S 和 X 汽车。这是分析师和投资者可以就即将到来的电话会议向管理层询问的问题。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/teslas-delivery-numbers-looked-great-heres-what-wall-street-thinks-51617627233?mod=RTA\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/teslas-delivery-numbers-looked-great-heres-what-wall-street-thinks-51617627233?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176115930","content_text":"Tesla‘s first-quarter deliveries, reported on Friday during the market’s close, blew away Wall Street’s expectations. Investors sent shares of the electric-vehicle pioneer up sharply in early morning trading on Monday.\nTesla (ticker: TSLA) reported 185,000 vehicle deliveries for the first three months of 2021. Analyst projections for the quarter had drifted down to between 160,000 and 170,000 vehicles due to the global automotive microchip shortage roiling the entire automotive industry.\nIt was a big beat. What’s more, Tesla’s 185,000 deliveries were higher than what the Street expected before analysts warned of the chip shortage. Tesla stock, as a result, is up almost 8% in premarket trading to about $711 a share.S&P 500 and Dow Jones Industrial Average futures, for comparison, are both up less than 1%.\nThe car maker’s deliveries were good enough for one analyst to upgrade his rating on the stock. Wedbush’sDan Ivesboosted his rating to Buy from Hold and raised his price target to $1,000 a share from $950. “The 1Q delivery number….was a paradigm changer and shows that the pent-up demand globally for Tesla’s Model 3/Y is hitting its next stage of growth,” wrote Ives in a Sunday note. “A global green tidal wave [is] underway.”\nIves expects government incentives around the world to boost demand for electric vehicles. He increased his full-year delivery target for Tesla to about 850,000 vehicles. The current Wall Street consensus is about 800,000.\nNew Street Research analyst Pierre Ferragu rated Tesla shares Buy with a $900 price target before Tesla’s delivery report. Ferragu, however, was a little nervous, believing that the chip shortage would impact deliveries. The results dismissed those concerns: “Initial review suggests we missed a monster March in China with Model Y ramping faster than we expected.” He sees Tesla’s earnings estimate moving higher because of Model Y growth. He also believes Tesla’s Model S and X vehicles, which are undergoing a refresh next quarter to upgrade interiors and features, can boost second-quarter results.\nTesla delivered 2,000 Model S and X vehicles in the first quarter, lower than Baird analystBen Kalloexpected. “While a miss, this result is an inventory-clearing event ahead of significant upgrades of the model S and X,” wrote Kallo in a Monday report. those are undergoing a “refresh” in the second quarter. Auto makers will refresh models from time to time, upgrading interiors and features.\nThis will be the most significant refresh of those two models. Tesla will also launch the Model S Plaid edition, which the car maker says will be the fastest production vehicle ever made. “The new vehicles are due for [second quarter] delivery as the company is in the early stages of ramping production.”\nKallo rates shares Buy and has a $736 price target for the stock.\nNot everyone is as bullish on Tesla stock. Cowen analystJeffery Osbornerates shares Hold. Despite his more cautious view, Osborne is raising his full-year delivery numbers and price target for shares of Tesla. “Receptivity to the Model Y in China was always a grey area in our minds since there was never disclosure on deposit/interest levels from Tesla,” wrote Osborne in a Sunday report. “Given the upside in [the first quarter] coupled with the positive tone in the release, we are raising our Model Y forecasts for 2021 and would expect the Street to do so.” Osborne raised his price target to $573 from $545.\nJ.P. Morgan analyst Ryan Brinkman, who rates shares Sell, raised his target to $155 from $135 a share, still well below where the stock has been trading. Brinkman noted that sequential deliveries from the fourth to the first quarter, at 2%, were essentially flat. That’s one reason he believes Tesla stock is overpriced.\nSell-rated GLJ analyst Gordon Johnson made the same point in his note. “Tesla has a growing demand problem,” wrote Johnson, saying that the more than 100% year-over-year growth in the first quarter isn’t as important as the 2% sequential growth from the fourth to the first quarter. His target price for Tesla stock is the lowest on the Street at $67 a share.\nJohnson also questioned why Tesla produced zero Model S and X vehicles in the first quarter ahead of the refresh. That’s something analysts and investors can ask management about on the coming conference call.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":687,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":377307493,"gmtCreate":1619494098512,"gmtModify":1634212294346,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579395105035655","idStr":"3579395105035655"},"themes":[],"title":"","htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/377307493","repostId":"1190086074","repostType":4,"repost":{"id":"1190086074","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":1619480390,"share":"https://www.laohunote.com/m/news/1190086074?lang=zh_CN&edition=full","pubTime":"2021-04-27 07:39","market":"us","language":"en","title":"Tesla posts record net income of $438 million, revenue surges by 74%<blockquote>特斯拉净利润创历史新高 4.38 亿美元，收入激增 74%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1190086074","media":"Tiger Newspress","summary":"Tesla reported record net income of $438 million during the quarter, as well as earnings of 93 cents per share on $10.39 billion in revenue.In its earnings release, the company said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.”On an earnings call, CEO Elon Musk said the delayed new version of the company’s Model S sedan will be deliv","content":"<p><b>KEY POINTS</b></p><p><blockquote><b>要点</b></blockquote></p><p><ul><li>Tesla reported record net income of $438 million during the quarter, as well as earnings of 93 cents per share on $10.39 billion in revenue.</li><li>In its earnings release, the company said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.”</li><li>On an earnings call, CEO Elon Musk said the delayed new version of the company’s Model S sedan will be delivered starting in May 2021, and Model X deliveries will begin in the third quarter of the year.</li></ul>Tesla&nbsp;reported first-quarter results after the bell on Monday. The company beat expectations handily, buoyed by sales of bitcoin and regulatory credits, but the stock dipped as much as 2.5% after hours as investors digested the numbers.</p><p><blockquote><ul><li>特斯拉公布本季度净利润为创纪录的 4.38 亿美元，每股收益为 93 美分，营收为 103.9 亿美元。</li><li>该公司在财报发布中表示，它已经度过了困扰汽车行业的芯片短缺问题，部分原因是 “迅速转向新型微控制器，同时为新供应商生产的新芯片开发固件”。</li><li>首席执行官埃隆-马斯克（Elon Musk）在财报看涨期权上表示，公司推迟推出的 Model S 轿车新版本将于 2021 年 5 月开始交付，Model X 将于今年第三季度开始交付。</li></ul>特斯拉周一盘后公布了第一季度业绩。在比特币出售和监管信贷的提振下，该公司轻松超出预期，但随着投资者消化这些数据，该股盘后下跌了 2.5%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/fec5c52f391c1077b749edc13b7b3417\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Here’s how the company fared in the quarter, compared with analyst estimates compiled by Refinitiv:</p><p><blockquote>以下是该公司本季度的表现与 Refinitiv 编制的分析师预期的比较：</blockquote></p><p><ul><li><b>Earnings:</b>93 cents per share vs. 79 cents per share expected</li><li><b>Revenue:</b>$10.39 billion vs. $10.29 billion expected, up 74% from a year ago</li></ul>Net profit reached a quarterly record of $438 million on a GAAP basis, and the company recorded $518 million in revenue from sales of regulatory credits during the period. It also recorded a $101 million positive impact from&nbsp;sales of bitcoin&nbsp;during the quarter.</p><p><blockquote><ul><li><b>收益：</b>每股 93 美分，预计每股 79 美分</li><li><b>收入：</b>103.9 亿美元，而预期为 102.9 亿美元，同比增长 74%</li></ul>按公认会计准则计算，季度净利润达到创纪录的 4.38 亿美元，该公司在此期间从监管信用销售收入中获得 5.18 亿美元。本季度比特币销售额还带来了 1.01 亿美元的积极影响。</blockquote></p><p><img src=\"https://static.tigerbbs.com/107ab1e725bed375ea106bdf3024ec6a\" tg-width=\"1910\" tg-height=\"1097\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>CEO Elon Musk’s electric vehicle business reported in the first quarter&nbsp;vehicle deliveries of 184,800&nbsp;Model 3 and Model Y cars, beating expectations and setting a record for Tesla. However, the company also said it produced none of its higher-end Model S sedans or Model X SUVs for the period ending March. It delivered2,020 older Model S sedans and Model X SUVs from inventory.</p><p><blockquote>首席执行官埃隆-马斯克（Elon Musk）的电动汽车业务第一季度交付了 18.48 万辆 Model 3 和 Model Y 汽车，超出预期，创下了特斯拉的纪录。不过，该公司还表示，截至 3 月份，它没有生产任何高端 Model S 轿车或 Model X SUV。它从库存中交付了 2,020 辆旧款 Model S 轿车和 Model X SUV。</blockquote></p><p>On Monday’s earnings call, Musk said the new version of the company’s Model S sedans will finally be delivered to customers starting in May 2021, with Model X deliveries to begin in the third quarter of the year. Musk and CFO Zachary Kirkhorn both said supply chain issues are likely to remain a challenge for Tesla this year.</p><p><blockquote>在周一的财报看涨期权上，马斯克表示，公司新版 Model S 轿车最终将于 2021 年 5 月开始交付给客户，Model X 将于今年第三季度开始交付。马斯克和首席财务官扎卡里·柯克霍恩都表示，供应链问题今年可能仍然是特斯拉面临的挑战。</blockquote></p><p>In January 2021 (during a fourth-quarter 2020 earnings update) Musk had said that the Model S Plaid was already in production would be delivered starting in February 2021. But he admitted on Monday, “There were more challenges than expected,” in producing the refreshed version of these vehicles. He did not elaborate.</p><p><blockquote>2021 年 1 月（在 2020 年第四季度收益更新期间），马斯克曾表示 Model S Plaid 已经投入生产，将于 2021 年 2 月开始交付。但他在周一承认，在生产这些车辆的更新版本时，“面临的挑战比预期的要多”。他没有详细说明。</blockquote></p><p>Tesla is now aiming to produce 2,000 Model S and X vehicles per week later this year.</p><p><blockquote>特斯拉目前的目标是在今年晚些时候每周生产 2,000 辆 Model S 和 X 汽车。</blockquote></p><p>The company said Monday it expects more than 50% vehicle delivery growth in 2021 overall, which implies minimum deliveries around 750,000 vehicles this year.</p><p><blockquote>该公司周一表示，预计 2021 年整体汽车交付量将增长 50% 以上，这意味着今年的最低交付量约为 75 万辆。</blockquote></p><p>The fact Tesla grew vehicle unit sales by more than 100% year over year but grew service centers by only 28% and its mobile service fleet by only 22% explains why some Tesla customers face frustratingly long wait times for repairs. Service expansion is not keeping pace with the volume of vehicles sold.</p><p><blockquote>事实上，特斯拉的汽车销量同比增长超过 100%，但服务中心仅增长 28%，移动服务车队仅增长 22%，这解释了为什么一些特斯拉客户面临令人沮丧的漫长维修等待时间。服务扩展跟不上车辆销量。</blockquote></p><p>Tesla said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.” It did not disclose the names of its new suppliers.</p><p><blockquote>特斯拉表示，该公司已经度过了困扰汽车行业的芯片短缺问题，部分原因是 “迅速转向新型微控制器，同时为新供应商生产的新芯片开发固件”。它没有透露新供应商的名字。</blockquote></p><p>It also reiterated Musk’s frequent claim that cameras, not radar, are a better path toward autonomous vehicles. “Our AI-based software architecture has been increasingly reliant on cameras, to the point where radar is becoming unnecessary earlier than expected. As a result, our FSD [Full Self-Driving] team is fully focused on evolving to a vision-based autonomous system and we are nearly ready to switch the US market to Tesla Vision,” the company said in its earnings release.</p><p><blockquote>它还重申了马斯克经常说的，即摄像头而不是雷达是自动驾驶汽车的更好途径。“我们基于人工智能的软件架构越来越依赖摄像头，以至于雷达比预期更早变得不必要。因此，我们的 FSD（全自动驾驶）团队正全力致力于发展基于视觉的自主系统，我们几乎准备好将美国市场转向特斯拉视觉，”该公司在财报发布会上说。</blockquote></p><p>Revenue for its energy generation and storage business nearly doubled for Tesla versus the same period in 2020, when Musk said Covid, then an emerging pandemic, had slowed its energy business to a crawl. But energy revenue declined from $787 million in the fourth quarter to $595 million in the first quarter of 2021.</p><p><blockquote>与 2020 年同期相比，特斯拉的能源发电和存储业务收入几乎翻了一番，当时马斯克表示，当时新兴的新冠疫情使其能源业务大幅放缓。但能源收入从第四季度的7.87亿美元下降至2021年第一季度的5.95亿美元。</blockquote></p><p>Recently, Tesla increased prices for its solar rooftops by 50%, and now requires anyone ordering solar photovoltaics (including Tesla solar roof tiles) to also order the Powerwall, Tesla’s home energy storage system. The sudden price change applied retroactively to some&nbsp;vexed customers.</p><p><blockquote>最近，特斯拉将太阳能屋顶的价格提高了 50%，现在要求任何订购太阳能光伏（包括特斯拉太阳能屋顶瓦）的人也必须订购特斯拉的家庭储能系统 Powerwall。突然的价格变化追溯适用于一些烦恼的顾客。</blockquote></p><p>Musk said on the Q1 2021 call that he is aiming for homes with solar rooftops and batteries from Tesla to function as a “giant distributed utility” that can help incumbent electrical utilities supply customers with all the electricity they need as demand and extreme weather events increase.</p><p><blockquote>马斯克在 2021 年第一季度看涨期权上表示，他的目标是让拥有太阳能屋顶和特斯拉电池的家庭成为 “巨型分布式公用事业公司”，随着需求和极端天气事件的增加，帮助现有电力公司为客户提供所需的所有电力。</blockquote></p><p></p><p>Executives did not say how they would change their production or mix of battery cells from suppliers in order to make a higher volume of vehicles and energy storage products in 2021.</p><p><blockquote>高管们没有透露他们将如何改变供应商电池的生产或组合，以便在 2021 年生产更多的汽车和储能产品。</blockquote></p><p>Musk said the company’s 4680 cells, which it developed independently and makes at a pilot plant in Fremont, California, are not yet reliable enough to be shipped in Tesla vehicles. He said Tesla would probably “achieve volume production” of these cells in 12 to 18 months.</p><p><blockquote>马斯克说，该公司自主研发并在加州弗里蒙特的一个试点工厂生产的 4680 电池还不够可靠，无法在特斯拉汽车上运输。他说，特斯拉可能会在 12 到 18 个月内 “实现这些电池的量产 ”。</blockquote></p><p>The company revealed in February it purchased&nbsp;$1.5 billion in bitcoin&nbsp;and would potentially invest in other cryptocurrencies in the future. By April, bitcoin rose to record levels before pulling back. In its statement of cash flows, Tesla revealed that it had sold $272 million worth of “digital assets,” presumably bitcoin, during the quarter.</p><p><blockquote>该公司在2月份透露，它在比特币购买了15亿美元，未来可能会投资其他加密货币。到四月份，比特币升至创纪录水平，然后回落。特斯拉在现金流量表中透露，该公司在本季度出售了价值 2.72 亿美元的 “数字资产”，大概是比特币。</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 posts record net income of $438 million, revenue surges by 74%<blockquote>特斯拉净利润创历史新高 4.38 亿美元，收入激增 74%</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 posts record net income of $438 million, revenue surges by 74%<blockquote>特斯拉净利润创历史新高 4.38 亿美元，收入激增 74%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-04-27 07:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>KEY POINTS</b></p><p><blockquote><b>要点</b></blockquote></p><p><ul><li>Tesla reported record net income of $438 million during the quarter, as well as earnings of 93 cents per share on $10.39 billion in revenue.</li><li>In its earnings release, the company said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.”</li><li>On an earnings call, CEO Elon Musk said the delayed new version of the company’s Model S sedan will be delivered starting in May 2021, and Model X deliveries will begin in the third quarter of the year.</li></ul>Tesla&nbsp;reported first-quarter results after the bell on Monday. The company beat expectations handily, buoyed by sales of bitcoin and regulatory credits, but the stock dipped as much as 2.5% after hours as investors digested the numbers.</p><p><blockquote><ul><li>特斯拉公布本季度净利润为创纪录的 4.38 亿美元，每股收益为 93 美分，营收为 103.9 亿美元。</li><li>该公司在财报发布中表示，它已经度过了困扰汽车行业的芯片短缺问题，部分原因是 “迅速转向新型微控制器，同时为新供应商生产的新芯片开发固件”。</li><li>首席执行官埃隆-马斯克（Elon Musk）在财报看涨期权上表示，公司推迟推出的 Model S 轿车新版本将于 2021 年 5 月开始交付，Model X 将于今年第三季度开始交付。</li></ul>特斯拉周一盘后公布了第一季度业绩。在比特币出售和监管信贷的提振下，该公司轻松超出预期，但随着投资者消化这些数据，该股盘后下跌了 2.5%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/fec5c52f391c1077b749edc13b7b3417\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Here’s how the company fared in the quarter, compared with analyst estimates compiled by Refinitiv:</p><p><blockquote>以下是该公司本季度的表现与 Refinitiv 编制的分析师预期的比较：</blockquote></p><p><ul><li><b>Earnings:</b>93 cents per share vs. 79 cents per share expected</li><li><b>Revenue:</b>$10.39 billion vs. $10.29 billion expected, up 74% from a year ago</li></ul>Net profit reached a quarterly record of $438 million on a GAAP basis, and the company recorded $518 million in revenue from sales of regulatory credits during the period. It also recorded a $101 million positive impact from&nbsp;sales of bitcoin&nbsp;during the quarter.</p><p><blockquote><ul><li><b>收益：</b>每股 93 美分，预计每股 79 美分</li><li><b>收入：</b>103.9 亿美元，而预期为 102.9 亿美元，同比增长 74%</li></ul>按公认会计准则计算，季度净利润达到创纪录的 4.38 亿美元，该公司在此期间从监管信用销售收入中获得 5.18 亿美元。本季度比特币销售额还带来了 1.01 亿美元的积极影响。</blockquote></p><p><img src=\"https://static.tigerbbs.com/107ab1e725bed375ea106bdf3024ec6a\" tg-width=\"1910\" tg-height=\"1097\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>CEO Elon Musk’s electric vehicle business reported in the first quarter&nbsp;vehicle deliveries of 184,800&nbsp;Model 3 and Model Y cars, beating expectations and setting a record for Tesla. However, the company also said it produced none of its higher-end Model S sedans or Model X SUVs for the period ending March. It delivered2,020 older Model S sedans and Model X SUVs from inventory.</p><p><blockquote>首席执行官埃隆-马斯克（Elon Musk）的电动汽车业务第一季度交付了 18.48 万辆 Model 3 和 Model Y 汽车，超出预期，创下了特斯拉的纪录。不过，该公司还表示，截至 3 月份，它没有生产任何高端 Model S 轿车或 Model X SUV。它从库存中交付了 2,020 辆旧款 Model S 轿车和 Model X SUV。</blockquote></p><p>On Monday’s earnings call, Musk said the new version of the company’s Model S sedans will finally be delivered to customers starting in May 2021, with Model X deliveries to begin in the third quarter of the year. Musk and CFO Zachary Kirkhorn both said supply chain issues are likely to remain a challenge for Tesla this year.</p><p><blockquote>在周一的财报看涨期权上，马斯克表示，公司新版 Model S 轿车最终将于 2021 年 5 月开始交付给客户，Model X 将于今年第三季度开始交付。马斯克和首席财务官扎卡里·柯克霍恩都表示，供应链问题今年可能仍然是特斯拉面临的挑战。</blockquote></p><p>In January 2021 (during a fourth-quarter 2020 earnings update) Musk had said that the Model S Plaid was already in production would be delivered starting in February 2021. But he admitted on Monday, “There were more challenges than expected,” in producing the refreshed version of these vehicles. He did not elaborate.</p><p><blockquote>2021 年 1 月（在 2020 年第四季度收益更新期间），马斯克曾表示 Model S Plaid 已经投入生产，将于 2021 年 2 月开始交付。但他在周一承认，在生产这些车辆的更新版本时，“面临的挑战比预期的要多”。他没有详细说明。</blockquote></p><p>Tesla is now aiming to produce 2,000 Model S and X vehicles per week later this year.</p><p><blockquote>特斯拉目前的目标是在今年晚些时候每周生产 2,000 辆 Model S 和 X 汽车。</blockquote></p><p>The company said Monday it expects more than 50% vehicle delivery growth in 2021 overall, which implies minimum deliveries around 750,000 vehicles this year.</p><p><blockquote>该公司周一表示，预计 2021 年整体汽车交付量将增长 50% 以上，这意味着今年的最低交付量约为 75 万辆。</blockquote></p><p>The fact Tesla grew vehicle unit sales by more than 100% year over year but grew service centers by only 28% and its mobile service fleet by only 22% explains why some Tesla customers face frustratingly long wait times for repairs. Service expansion is not keeping pace with the volume of vehicles sold.</p><p><blockquote>事实上，特斯拉的汽车销量同比增长超过 100%，但服务中心仅增长 28%，移动服务车队仅增长 22%，这解释了为什么一些特斯拉客户面临令人沮丧的漫长维修等待时间。服务扩展跟不上车辆销量。</blockquote></p><p>Tesla said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.” It did not disclose the names of its new suppliers.</p><p><blockquote>特斯拉表示，该公司已经度过了困扰汽车行业的芯片短缺问题，部分原因是 “迅速转向新型微控制器，同时为新供应商生产的新芯片开发固件”。它没有透露新供应商的名字。</blockquote></p><p>It also reiterated Musk’s frequent claim that cameras, not radar, are a better path toward autonomous vehicles. “Our AI-based software architecture has been increasingly reliant on cameras, to the point where radar is becoming unnecessary earlier than expected. As a result, our FSD [Full Self-Driving] team is fully focused on evolving to a vision-based autonomous system and we are nearly ready to switch the US market to Tesla Vision,” the company said in its earnings release.</p><p><blockquote>它还重申了马斯克经常说的，即摄像头而不是雷达是自动驾驶汽车的更好途径。“我们基于人工智能的软件架构越来越依赖摄像头，以至于雷达比预期更早变得不必要。因此，我们的 FSD（全自动驾驶）团队正全力致力于发展基于视觉的自主系统，我们几乎准备好将美国市场转向特斯拉视觉，”该公司在财报发布会上说。</blockquote></p><p>Revenue for its energy generation and storage business nearly doubled for Tesla versus the same period in 2020, when Musk said Covid, then an emerging pandemic, had slowed its energy business to a crawl. But energy revenue declined from $787 million in the fourth quarter to $595 million in the first quarter of 2021.</p><p><blockquote>与 2020 年同期相比，特斯拉的能源发电和存储业务收入几乎翻了一番，当时马斯克表示，当时新兴的新冠疫情使其能源业务大幅放缓。但能源收入从第四季度的7.87亿美元下降至2021年第一季度的5.95亿美元。</blockquote></p><p>Recently, Tesla increased prices for its solar rooftops by 50%, and now requires anyone ordering solar photovoltaics (including Tesla solar roof tiles) to also order the Powerwall, Tesla’s home energy storage system. The sudden price change applied retroactively to some&nbsp;vexed customers.</p><p><blockquote>最近，特斯拉将太阳能屋顶的价格提高了 50%，现在要求任何订购太阳能光伏（包括特斯拉太阳能屋顶瓦）的人也必须订购特斯拉的家庭储能系统 Powerwall。突然的价格变化追溯适用于一些烦恼的顾客。</blockquote></p><p>Musk said on the Q1 2021 call that he is aiming for homes with solar rooftops and batteries from Tesla to function as a “giant distributed utility” that can help incumbent electrical utilities supply customers with all the electricity they need as demand and extreme weather events increase.</p><p><blockquote>马斯克在 2021 年第一季度看涨期权上表示，他的目标是让拥有太阳能屋顶和特斯拉电池的家庭成为 “巨型分布式公用事业公司”，随着需求和极端天气事件的增加，帮助现有电力公司为客户提供所需的所有电力。</blockquote></p><p></p><p>Executives did not say how they would change their production or mix of battery cells from suppliers in order to make a higher volume of vehicles and energy storage products in 2021.</p><p><blockquote>高管们没有透露他们将如何改变供应商电池的生产或组合，以便在 2021 年生产更多的汽车和储能产品。</blockquote></p><p>Musk said the company’s 4680 cells, which it developed independently and makes at a pilot plant in Fremont, California, are not yet reliable enough to be shipped in Tesla vehicles. He said Tesla would probably “achieve volume production” of these cells in 12 to 18 months.</p><p><blockquote>马斯克说，该公司自主研发并在加州弗里蒙特的一个试点工厂生产的 4680 电池还不够可靠，无法在特斯拉汽车上运输。他说，特斯拉可能会在 12 到 18 个月内 “实现这些电池的量产 ”。</blockquote></p><p>The company revealed in February it purchased&nbsp;$1.5 billion in bitcoin&nbsp;and would potentially invest in other cryptocurrencies in the future. By April, bitcoin rose to record levels before pulling back. In its statement of cash flows, Tesla revealed that it had sold $272 million worth of “digital assets,” presumably bitcoin, during the quarter.</p><p><blockquote>该公司在2月份透露，它在比特币购买了15亿美元，未来可能会投资其他加密货币。到四月份，比特币升至创纪录水平，然后回落。特斯拉在现金流量表中透露，该公司在本季度出售了价值 2.72 亿美元的 “数字资产”，大概是比特币。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190086074","content_text":"KEY POINTSTesla reported record net income of $438 million during the quarter, as well as earnings of 93 cents per share on $10.39 billion in revenue.In its earnings release, the company said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.”On an earnings call, CEO Elon Musk said the delayed new version of the company’s Model S sedan will be delivered starting in May 2021, and Model X deliveries will begin in the third quarter of the year.Tesla reported first-quarter results after the bell on Monday. The company beat expectations handily, buoyed by sales of bitcoin and regulatory credits, but the stock dipped as much as 2.5% after hours as investors digested the numbers.Here’s how the company fared in the quarter, compared with analyst estimates compiled by Refinitiv:Earnings:93 cents per share vs. 79 cents per share expectedRevenue:$10.39 billion vs. $10.29 billion expected, up 74% from a year agoNet profit reached a quarterly record of $438 million on a GAAP basis, and the company recorded $518 million in revenue from sales of regulatory credits during the period. It also recorded a $101 million positive impact from sales of bitcoin during the quarter.CEO Elon Musk’s electric vehicle business reported in the first quarter vehicle deliveries of 184,800 Model 3 and Model Y cars, beating expectations and setting a record for Tesla. However, the company also said it produced none of its higher-end Model S sedans or Model X SUVs for the period ending March. It delivered2,020 older Model S sedans and Model X SUVs from inventory.On Monday’s earnings call, Musk said the new version of the company’s Model S sedans will finally be delivered to customers starting in May 2021, with Model X deliveries to begin in the third quarter of the year. Musk and CFO Zachary Kirkhorn both said supply chain issues are likely to remain a challenge for Tesla this year.In January 2021 (during a fourth-quarter 2020 earnings update) Musk had said that the Model S Plaid was already in production would be delivered starting in February 2021. But he admitted on Monday, “There were more challenges than expected,” in producing the refreshed version of these vehicles. He did not elaborate.Tesla is now aiming to produce 2,000 Model S and X vehicles per week later this year.The company said Monday it expects more than 50% vehicle delivery growth in 2021 overall, which implies minimum deliveries around 750,000 vehicles this year.The fact Tesla grew vehicle unit sales by more than 100% year over year but grew service centers by only 28% and its mobile service fleet by only 22% explains why some Tesla customers face frustratingly long wait times for repairs. Service expansion is not keeping pace with the volume of vehicles sold.Tesla said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.” It did not disclose the names of its new suppliers.It also reiterated Musk’s frequent claim that cameras, not radar, are a better path toward autonomous vehicles. “Our AI-based software architecture has been increasingly reliant on cameras, to the point where radar is becoming unnecessary earlier than expected. As a result, our FSD [Full Self-Driving] team is fully focused on evolving to a vision-based autonomous system and we are nearly ready to switch the US market to Tesla Vision,” the company said in its earnings release.Revenue for its energy generation and storage business nearly doubled for Tesla versus the same period in 2020, when Musk said Covid, then an emerging pandemic, had slowed its energy business to a crawl. But energy revenue declined from $787 million in the fourth quarter to $595 million in the first quarter of 2021.Recently, Tesla increased prices for its solar rooftops by 50%, and now requires anyone ordering solar photovoltaics (including Tesla solar roof tiles) to also order the Powerwall, Tesla’s home energy storage system. The sudden price change applied retroactively to some vexed customers.Musk said on the Q1 2021 call that he is aiming for homes with solar rooftops and batteries from Tesla to function as a “giant distributed utility” that can help incumbent electrical utilities supply customers with all the electricity they need as demand and extreme weather events increase.Executives did not say how they would change their production or mix of battery cells from suppliers in order to make a higher volume of vehicles and energy storage products in 2021.Musk said the company’s 4680 cells, which it developed independently and makes at a pilot plant in Fremont, California, are not yet reliable enough to be shipped in Tesla vehicles. He said Tesla would probably “achieve volume production” of these cells in 12 to 18 months.The company revealed in February it purchased $1.5 billion in bitcoin and would potentially invest in other cryptocurrencies in the future. By April, bitcoin rose to record levels before pulling back. In its statement of cash flows, Tesla revealed that it had sold $272 million worth of “digital assets,” presumably bitcoin, during the quarter.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2322,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378731593,"gmtCreate":1619059980212,"gmtModify":1634288847246,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579395105035655","idStr":"3579395105035655"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/378731593","repostId":"2129808688","repostType":4,"isVote":1,"tweetType":1,"viewCount":2178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":109196885,"gmtCreate":1619670712947,"gmtModify":1634210837569,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579395105035655","idStr":"3579395105035655"},"themes":[],"title":"","htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/109196885","repostId":"1137964402","repostType":4,"repost":{"id":"1137964402","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":1619651546,"share":"https://www.laohunote.com/m/news/1137964402?lang=zh_CN&edition=full","pubTime":"2021-04-29 07:12","market":"us","language":"en","title":"Apple reports another blowout quarter with sales up 54%, authorizes $90 billion in share buybacks<blockquote>苹果报告另一个井喷季度销售额增长 54%，授权回购 900 亿美元股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137964402","media":"Tiger Newspress","summary":"Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and significantly stronger profits than Wall Street expected.Apple did not issue official guidance for what it expects in the quarter ending in June.Apple authorized $90 billion in share buybacks.Apple stock rose over 4% at one point in extended trading.Apple reported double-digit growth in every single one of its product categories, and its most important product line, the iPhone, was up 65","content":"<p><b>KEY POINTS</b></p><p><blockquote><b>要点</b></blockquote></p><p><ul><li>Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and&nbsp;significantly stronger profits than Wall Street expected.</li><li>Apple did not issue official guidance for what it expects in the quarter ending in June.</li><li>Apple authorized $90 billion in share buybacks.</li></ul>Apple&nbsp;reported&nbsp;a blowout quarter&nbsp;on Wednesday, announcing companywide sales up 54% higher than last year, and&nbsp;significantly stronger profits than Wall Street expected.</p><p><blockquote><ul><li>苹果周三公布了一个井喷的季度，宣布全公司销售额比去年增长 54%，利润明显强于华尔街预期。</li><li>苹果没有就截至 6 月份的季度预期发布官方指引。</li><li>苹果授权900亿美元股票回购。</li></ul>苹果周三公布了一个井喷的季度，宣布全公司销售额比去年增长 54%，利润明显强于华尔街预期。</blockquote></p><p>Apple stock rose over 4% at one point in extended trading.</p><p><blockquote>苹果股价在盘后交易中一度上涨超过 4%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4e791f63f460807906f1793c2d58933e\" tg-width=\"1302\" tg-height=\"833\"></p><p><blockquote></blockquote></p><p>Apple reported double-digit growth in every single one of its product categories, and its&nbsp;most important product line, the iPhone, was up 65.5% from last year. Its Mac and iPad sales&nbsp;did&nbsp;better, with its computers up 70.1% and iPad&nbsp;sales&nbsp;growing nearly 79% on an annual basis.</p><p><blockquote>苹果报告称，其每个产品类别都实现了两位数的增长，其最重要的产品线 iPhone 比去年增长了 65.5%。其 Mac 和 iPad 销量表现更好，电脑销量同比增长 70.1%，iPad 销量同比增长近 79%。</blockquote></p><p>Apple said it would increase its dividend by 7%&nbsp;to $0.22 per share&nbsp;and authorized $90 billion in share buybacks, which is significantly higher than last year’s $50 billion outlay&nbsp;and 2019′s $75 billion.</p><p><blockquote>苹果表示，将把股息提高 7%，达到每股 0.22 美元，并授权回购 900 亿美元的股票，大大高于去年的 500 亿美元支出和 2019 年的 750 亿美元支出。</blockquote></p><p>Here’s how Apple did versus Refinitiv estimates:</p><p><blockquote>以下是苹果的表现与路孚特的估计：</blockquote></p><p><ul><li><b>EPS</b>:&nbsp;$1.40&nbsp;vs. $0.99 estimated</li><li><b>Revenue</b>:&nbsp;$89.58&nbsp;billion&nbsp;vs. $77.36&nbsp;billion&nbsp;estimated, up 53.7% year-over-year</li><li><b>iPhone revenue</b>:&nbsp;$47.94 billion&nbsp;vs. $41.43&nbsp;billion&nbsp;estimated, up&nbsp;65.5% year-over-year</li><li><b>Services revenue</b>:&nbsp;$16.90 billion&nbsp;vs. $15.57&nbsp;billion&nbsp;estimated, up 26.7% year over&nbsp;year</li><li><b>Other Products revenue</b>:&nbsp;$7.83&nbsp;billion&nbsp;vs. $7.79&nbsp;billion&nbsp;estimated,&nbsp;up 24%&nbsp;year-over-year</li><li><b>Mac revenue</b>:&nbsp;$9.10&nbsp;billion&nbsp;vs. $6.86&nbsp;billion&nbsp;estimated, up 70.1% year-over-year</li><li><b>iPad revenue</b>:&nbsp;$7.80 billion&nbsp;vs. $5.58&nbsp;billion&nbsp;estimated, up 78.9% year-over-year</li><li><b>Gross margin</b>:&nbsp;42.5% vs. 39.8%&nbsp;estimated</li></ul>Apple did not issue official guidance for what it expects in the quarter ending in June. It hasn’t provided revenue&nbsp;guidance since the start of the pandemic, citing uncertainty.&nbsp;This is Apple’s second quarter in a row with double-digit growth in all product categories.&nbsp;Apple CFO Luca Maestri told analysts that the company expects June quarter revenue to rise by double digits year-over-year, although it faces some supply shortages due to the worldwide chip shortage.</p><p><blockquote><ul><li><b>每股收益</b>：1.40美元对比。估计 0.99 美元</li><li><b>收入</b>：895.8 亿美元 vs.预计773.6亿美元，同比增长53.7%</li><li><b>iPhone收入</b>：479.4亿美元 vs.预计414.3亿美元，同比增长65.5%</li><li><b>服务收入</b>：169.0 亿美元 vs.预计155.7亿美元，同比增长26.7%</li><li><b>其他产品收入</b>：78.3 亿美元 vs.预计77.9亿美元，同比增长24%</li><li><b>Mac收入</b>：91亿美元 vs.预计68.6亿美元，同比增长70.1%</li><li><b>iPad收入</b>：78 亿美元 vs.预计55.8亿美元，同比增长78.9%</li><li><b>毛利率</b>：42.5% vs. 估计值39.8%</li></ul>苹果没有就截至 6 月份的季度预期发布官方指引。自大流行病开始以来，该公司一直没有提供收入指引，理由是存在不确定性。这是苹果连续第二个季度所有产品类别都实现两位数增长。苹果首席财务官卢卡-马埃斯特里（Luca Maestri）告诉分析师，该公司预计 6 月份季度的收入将同比增长两位数，尽管由于全球芯片短缺，该公司面临一些供应短缺。</blockquote></p><p>Apple has said in the past months that its business has been boosted by the pandemic as consumers&nbsp;and businesses&nbsp;bought&nbsp;computers&nbsp;to work and entertain themselves while at home. But Apple’s strong results in the quarter suggest that the trend may persist as more economies&nbsp;open up.</p><p><blockquote>苹果近几个月来表示，随着消费者和企业购买电脑在家工作和娱乐，疫情提振了其业务。但苹果本季度的强劲业绩表明，随着更多经济体的开放，这一趋势可能会持续下去。</blockquote></p><p>Or, as Apple CEO Tim Cook said in a statement: “This quarter reflects both the enduring ways our products have helped our users meet this&nbsp;moment in their own lives, as well as the optimism consumers seem to feel about better days&nbsp;ahead for all of us.”</p><p><blockquote>或者，正如苹果首席执行官蒂姆-库克（Tim Cook）在一份声明中所说： “本季度既反映了我们的产品帮助用户在自己的生活中迎接这一时刻的持久方式，也反映了消费者似乎对我们所有人未来更美好的日子感到乐观”。</blockquote></p><p>Mac sales were up 70%, and Cook said that the result was “fueled by” the company’s introduction of its Mac&nbsp;laptops&nbsp;that used its own M1 chips&nbsp;for longer battery life, instead of processors sold by&nbsp;Intel.&nbsp;iPad sales were up&nbsp;nearly 79% year-over-year.</p><p><blockquote>Mac 销量增长了 70%，库克说，这一结果 “得益于 ”该公司推出的 Mac 笔记本电脑使用自己的 M1 芯片，而不是英特尔销售的处理器，从而延长了电池寿命。iPad 销量同比增长近 79%。</blockquote></p><p>Neither of those&nbsp;results&nbsp;include iPad Pro or iMac models the company announced in March, which are expected to drive additional demand.</p><p><blockquote>这些结果都不包括该公司 3 月份宣布的 iPad Pro 或 iMac 型号，预计这将推动额外需求。</blockquote></p><p>“We’re seeing strong first-time buyers on the Mac&nbsp;…&nbsp;it continues to run just south of 50%,” Cook told CNBC’s Josh Lipton. “And, in China, it’s even higher than that&nbsp;…&nbsp;it’s more around two-thirds. And that speaks to people preferring to work on the Mac.”</p><p><blockquote>“库克告诉 CNBC 的乔希-利普顿（Josh Lipton）：”我们看到 Mac 的首次购买者强劲.它的购买率继续徘徊在 50% 以下。“在中国，这一比例甚至更高.三分之二左右。这说明人们更喜欢在 Mac 上工作。”</blockquote></p><p>Apple’s iPhone also reported strong results this quarter, quelling fears that the current annual cycle could slow down. Last year, Apple released iPhones with a new exterior design and 5G support, which many investors believed could prompt a major upgrade cycle, which this quarter’s results indicate.</p><p><blockquote>苹果的 iPhone 本季度也公布了强劲的业绩，平息了人们对当前年度周期可能放缓的担忧。去年，苹果发布了采用全新外观设计和 5G 支持的 iPhone，许多投资者认为这可能会引发一次重大升级周期，本季度的业绩也表明了这一点。</blockquote></p><p>In greater China, which includes the mainland, Hong Kong, and Taiwan,&nbsp;Apple’s revenue increased over&nbsp;87% year-over-year to $17.73 billion, although the comparison is to a quarter last year in which China was largely shut down in the early days of the pandemic.&nbsp;Every other geographical category, including the Americas and Europe, were also up on an annual basis.</p><p><blockquote>在包括中国大陆、中国香港和台湾地区在内的大中华区，苹果的收入同比增长超过 87%，达到 177.3 亿美元，但与去年的一个季度相比，去年中国在大流行病初期基本上处于停摆状态。包括美洲和欧洲在内的所有其他地区的收入也同比增长。</blockquote></p><p><img src=\"https://static.tigerbbs.com/37a8b45c92174e3c9ab224d9a85f5e2d\" tg-width=\"1910\" tg-height=\"1114\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Apple’s&nbsp;high-margin&nbsp;services business, including iCloud, App Store, and subscriptions like Apple Music, also showed 26.7% growth.</p><p><blockquote>苹果的高利润服务业务，包括 iCloud、App Store 和苹果音乐等订阅服务，也实现了 26.7% 的增长。</blockquote></p><p></p><p>One metric that Apple uses to show the growth in services is the number of subscriptions it has, which not only include its own subscriptions like Apple One, but also subscriptions through its App Store.</p><p><blockquote>苹果用来显示服务增长的一个指标是其订阅数量，其中不仅包括苹果一号等自己的订阅，还包括通过其应用商店的订阅。</blockquote></p><p>“We now have over 660 million paid subscriptions across the services on the platform, and that’s up 40 million from the previous quarter, which is an acceleration from 35 million,” Cook told CNBC.</p><p><blockquote>“库克告诉 CNBC：”我们现在平台上所有服务的付费订阅量超过 6.6 亿，比上一季度增加了 4000 万，比上一季度的 3500 万有所加快。</blockquote></p><p>However, Apple’s App Store has been challenged by lawmakers and companies that say it costs too much and has too much power. A closely-watched trial with Fortnite maker Epic Games over App Store policies kicks off next week.</p><p><blockquote>然而，苹果的 App Store 一直受到立法者和公司的质疑，他们认为它成本太高，权力太大。备受关注的堡垒之夜制造商Epic Games关于应用商店政策的审判将于下周开始。</blockquote></p><p>“The App Store has been an economic miracle. Last year, the estimates are that there was over a half a trillion dollars of economic activity because of the store. And, so, this has been just an economic gamechanger for not only the United States, but several countries around the world. And, we’re going to go in and tell our story. And we’ll see where it goes. But, we’re confident,” Cook told CNBC.</p><p><blockquote>“App Store 是一个经济奇迹。据估计，去年有超过 5 万亿美元的经济活动因为 App Store 而产生。因此，这不仅改变了美国的经济游戏规则，也改变了世界上几个国家的经济游戏规则。我们将走进去讲述我们的故事。我们拭目以待。但是，我们很有信心，”库克告诉 CNBC。</blockquote></p><p>Apple’s gross margin was also unusually elevated for the company. Most quarters, it tends to be in the 38% to 39% range, but in the quarter ending in March, Apple reported 42.5% margins.</p><p><blockquote>苹果的毛利率也异常高。大多数季度，利润率往往在 38% 至 39% 之间，但在截至 3 月份的季度，苹果报告的利润率为 42.5%。</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 reports another blowout quarter with sales up 54%, authorizes $90 billion in share buybacks<blockquote>苹果报告另一个井喷季度销售额增长 54%，授权回购 900 亿美元股票</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 reports another blowout quarter with sales up 54%, authorizes $90 billion in share buybacks<blockquote>苹果报告另一个井喷季度销售额增长 54%，授权回购 900 亿美元股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-04-29 07:12</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>KEY POINTS</b></p><p><blockquote><b>要点</b></blockquote></p><p><ul><li>Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and&nbsp;significantly stronger profits than Wall Street expected.</li><li>Apple did not issue official guidance for what it expects in the quarter ending in June.</li><li>Apple authorized $90 billion in share buybacks.</li></ul>Apple&nbsp;reported&nbsp;a blowout quarter&nbsp;on Wednesday, announcing companywide sales up 54% higher than last year, and&nbsp;significantly stronger profits than Wall Street expected.</p><p><blockquote><ul><li>苹果周三公布了一个井喷的季度，宣布全公司销售额比去年增长 54%，利润明显强于华尔街预期。</li><li>苹果没有就截至 6 月份的季度预期发布官方指引。</li><li>苹果授权900亿美元股票回购。</li></ul>苹果周三公布了一个井喷的季度，宣布全公司销售额比去年增长 54%，利润明显强于华尔街预期。</blockquote></p><p>Apple stock rose over 4% at one point in extended trading.</p><p><blockquote>苹果股价在盘后交易中一度上涨超过 4%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4e791f63f460807906f1793c2d58933e\" tg-width=\"1302\" tg-height=\"833\"></p><p><blockquote></blockquote></p><p>Apple reported double-digit growth in every single one of its product categories, and its&nbsp;most important product line, the iPhone, was up 65.5% from last year. Its Mac and iPad sales&nbsp;did&nbsp;better, with its computers up 70.1% and iPad&nbsp;sales&nbsp;growing nearly 79% on an annual basis.</p><p><blockquote>苹果报告称，其每个产品类别都实现了两位数的增长，其最重要的产品线 iPhone 比去年增长了 65.5%。其 Mac 和 iPad 销量表现更好，电脑销量同比增长 70.1%，iPad 销量同比增长近 79%。</blockquote></p><p>Apple said it would increase its dividend by 7%&nbsp;to $0.22 per share&nbsp;and authorized $90 billion in share buybacks, which is significantly higher than last year’s $50 billion outlay&nbsp;and 2019′s $75 billion.</p><p><blockquote>苹果表示，将把股息提高 7%，达到每股 0.22 美元，并授权回购 900 亿美元的股票，大大高于去年的 500 亿美元支出和 2019 年的 750 亿美元支出。</blockquote></p><p>Here’s how Apple did versus Refinitiv estimates:</p><p><blockquote>以下是苹果的表现与路孚特的估计：</blockquote></p><p><ul><li><b>EPS</b>:&nbsp;$1.40&nbsp;vs. $0.99 estimated</li><li><b>Revenue</b>:&nbsp;$89.58&nbsp;billion&nbsp;vs. $77.36&nbsp;billion&nbsp;estimated, up 53.7% year-over-year</li><li><b>iPhone revenue</b>:&nbsp;$47.94 billion&nbsp;vs. $41.43&nbsp;billion&nbsp;estimated, up&nbsp;65.5% year-over-year</li><li><b>Services revenue</b>:&nbsp;$16.90 billion&nbsp;vs. $15.57&nbsp;billion&nbsp;estimated, up 26.7% year over&nbsp;year</li><li><b>Other Products revenue</b>:&nbsp;$7.83&nbsp;billion&nbsp;vs. $7.79&nbsp;billion&nbsp;estimated,&nbsp;up 24%&nbsp;year-over-year</li><li><b>Mac revenue</b>:&nbsp;$9.10&nbsp;billion&nbsp;vs. $6.86&nbsp;billion&nbsp;estimated, up 70.1% year-over-year</li><li><b>iPad revenue</b>:&nbsp;$7.80 billion&nbsp;vs. $5.58&nbsp;billion&nbsp;estimated, up 78.9% year-over-year</li><li><b>Gross margin</b>:&nbsp;42.5% vs. 39.8%&nbsp;estimated</li></ul>Apple did not issue official guidance for what it expects in the quarter ending in June. It hasn’t provided revenue&nbsp;guidance since the start of the pandemic, citing uncertainty.&nbsp;This is Apple’s second quarter in a row with double-digit growth in all product categories.&nbsp;Apple CFO Luca Maestri told analysts that the company expects June quarter revenue to rise by double digits year-over-year, although it faces some supply shortages due to the worldwide chip shortage.</p><p><blockquote><ul><li><b>每股收益</b>：1.40美元对比。估计 0.99 美元</li><li><b>收入</b>：895.8 亿美元 vs.预计773.6亿美元，同比增长53.7%</li><li><b>iPhone收入</b>：479.4亿美元 vs.预计414.3亿美元，同比增长65.5%</li><li><b>服务收入</b>：169.0 亿美元 vs.预计155.7亿美元，同比增长26.7%</li><li><b>其他产品收入</b>：78.3 亿美元 vs.预计77.9亿美元，同比增长24%</li><li><b>Mac收入</b>：91亿美元 vs.预计68.6亿美元，同比增长70.1%</li><li><b>iPad收入</b>：78 亿美元 vs.预计55.8亿美元，同比增长78.9%</li><li><b>毛利率</b>：42.5% vs. 估计值39.8%</li></ul>苹果没有就截至 6 月份的季度预期发布官方指引。自大流行病开始以来，该公司一直没有提供收入指引，理由是存在不确定性。这是苹果连续第二个季度所有产品类别都实现两位数增长。苹果首席财务官卢卡-马埃斯特里（Luca Maestri）告诉分析师，该公司预计 6 月份季度的收入将同比增长两位数，尽管由于全球芯片短缺，该公司面临一些供应短缺。</blockquote></p><p>Apple has said in the past months that its business has been boosted by the pandemic as consumers&nbsp;and businesses&nbsp;bought&nbsp;computers&nbsp;to work and entertain themselves while at home. But Apple’s strong results in the quarter suggest that the trend may persist as more economies&nbsp;open up.</p><p><blockquote>苹果近几个月来表示，随着消费者和企业购买电脑在家工作和娱乐，疫情提振了其业务。但苹果本季度的强劲业绩表明，随着更多经济体的开放，这一趋势可能会持续下去。</blockquote></p><p>Or, as Apple CEO Tim Cook said in a statement: “This quarter reflects both the enduring ways our products have helped our users meet this&nbsp;moment in their own lives, as well as the optimism consumers seem to feel about better days&nbsp;ahead for all of us.”</p><p><blockquote>或者，正如苹果首席执行官蒂姆-库克（Tim Cook）在一份声明中所说： “本季度既反映了我们的产品帮助用户在自己的生活中迎接这一时刻的持久方式，也反映了消费者似乎对我们所有人未来更美好的日子感到乐观”。</blockquote></p><p>Mac sales were up 70%, and Cook said that the result was “fueled by” the company’s introduction of its Mac&nbsp;laptops&nbsp;that used its own M1 chips&nbsp;for longer battery life, instead of processors sold by&nbsp;Intel.&nbsp;iPad sales were up&nbsp;nearly 79% year-over-year.</p><p><blockquote>Mac 销量增长了 70%，库克说，这一结果 “得益于 ”该公司推出的 Mac 笔记本电脑使用自己的 M1 芯片，而不是英特尔销售的处理器，从而延长了电池寿命。iPad 销量同比增长近 79%。</blockquote></p><p>Neither of those&nbsp;results&nbsp;include iPad Pro or iMac models the company announced in March, which are expected to drive additional demand.</p><p><blockquote>这些结果都不包括该公司 3 月份宣布的 iPad Pro 或 iMac 型号，预计这将推动额外需求。</blockquote></p><p>“We’re seeing strong first-time buyers on the Mac&nbsp;…&nbsp;it continues to run just south of 50%,” Cook told CNBC’s Josh Lipton. “And, in China, it’s even higher than that&nbsp;…&nbsp;it’s more around two-thirds. And that speaks to people preferring to work on the Mac.”</p><p><blockquote>“库克告诉 CNBC 的乔希-利普顿（Josh Lipton）：”我们看到 Mac 的首次购买者强劲.它的购买率继续徘徊在 50% 以下。“在中国，这一比例甚至更高.三分之二左右。这说明人们更喜欢在 Mac 上工作。”</blockquote></p><p>Apple’s iPhone also reported strong results this quarter, quelling fears that the current annual cycle could slow down. Last year, Apple released iPhones with a new exterior design and 5G support, which many investors believed could prompt a major upgrade cycle, which this quarter’s results indicate.</p><p><blockquote>苹果的 iPhone 本季度也公布了强劲的业绩，平息了人们对当前年度周期可能放缓的担忧。去年，苹果发布了采用全新外观设计和 5G 支持的 iPhone，许多投资者认为这可能会引发一次重大升级周期，本季度的业绩也表明了这一点。</blockquote></p><p>In greater China, which includes the mainland, Hong Kong, and Taiwan,&nbsp;Apple’s revenue increased over&nbsp;87% year-over-year to $17.73 billion, although the comparison is to a quarter last year in which China was largely shut down in the early days of the pandemic.&nbsp;Every other geographical category, including the Americas and Europe, were also up on an annual basis.</p><p><blockquote>在包括中国大陆、中国香港和台湾地区在内的大中华区，苹果的收入同比增长超过 87%，达到 177.3 亿美元，但与去年的一个季度相比，去年中国在大流行病初期基本上处于停摆状态。包括美洲和欧洲在内的所有其他地区的收入也同比增长。</blockquote></p><p><img src=\"https://static.tigerbbs.com/37a8b45c92174e3c9ab224d9a85f5e2d\" tg-width=\"1910\" tg-height=\"1114\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Apple’s&nbsp;high-margin&nbsp;services business, including iCloud, App Store, and subscriptions like Apple Music, also showed 26.7% growth.</p><p><blockquote>苹果的高利润服务业务，包括 iCloud、App Store 和苹果音乐等订阅服务，也实现了 26.7% 的增长。</blockquote></p><p></p><p>One metric that Apple uses to show the growth in services is the number of subscriptions it has, which not only include its own subscriptions like Apple One, but also subscriptions through its App Store.</p><p><blockquote>苹果用来显示服务增长的一个指标是其订阅数量，其中不仅包括苹果一号等自己的订阅，还包括通过其应用商店的订阅。</blockquote></p><p>“We now have over 660 million paid subscriptions across the services on the platform, and that’s up 40 million from the previous quarter, which is an acceleration from 35 million,” Cook told CNBC.</p><p><blockquote>“库克告诉 CNBC：”我们现在平台上所有服务的付费订阅量超过 6.6 亿，比上一季度增加了 4000 万，比上一季度的 3500 万有所加快。</blockquote></p><p>However, Apple’s App Store has been challenged by lawmakers and companies that say it costs too much and has too much power. A closely-watched trial with Fortnite maker Epic Games over App Store policies kicks off next week.</p><p><blockquote>然而，苹果的 App Store 一直受到立法者和公司的质疑，他们认为它成本太高，权力太大。备受关注的堡垒之夜制造商Epic Games关于应用商店政策的审判将于下周开始。</blockquote></p><p>“The App Store has been an economic miracle. Last year, the estimates are that there was over a half a trillion dollars of economic activity because of the store. And, so, this has been just an economic gamechanger for not only the United States, but several countries around the world. And, we’re going to go in and tell our story. And we’ll see where it goes. But, we’re confident,” Cook told CNBC.</p><p><blockquote>“App Store 是一个经济奇迹。据估计，去年有超过 5 万亿美元的经济活动因为 App Store 而产生。因此，这不仅改变了美国的经济游戏规则，也改变了世界上几个国家的经济游戏规则。我们将走进去讲述我们的故事。我们拭目以待。但是，我们很有信心，”库克告诉 CNBC。</blockquote></p><p>Apple’s gross margin was also unusually elevated for the company. Most quarters, it tends to be in the 38% to 39% range, but in the quarter ending in March, Apple reported 42.5% margins.</p><p><blockquote>苹果的毛利率也异常高。大多数季度，利润率往往在 38% 至 39% 之间，但在截至 3 月份的季度，苹果报告的利润率为 42.5%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137964402","content_text":"KEY POINTSApple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and significantly stronger profits than Wall Street expected.Apple did not issue official guidance for what it expects in the quarter ending in June.Apple authorized $90 billion in share buybacks.Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and significantly stronger profits than Wall Street expected.Apple stock rose over 4% at one point in extended trading.Apple reported double-digit growth in every single one of its product categories, and its most important product line, the iPhone, was up 65.5% from last year. Its Mac and iPad sales did better, with its computers up 70.1% and iPad sales growing nearly 79% on an annual basis.Apple said it would increase its dividend by 7% to $0.22 per share and authorized $90 billion in share buybacks, which is significantly higher than last year’s $50 billion outlay and 2019′s $75 billion.Here’s how Apple did versus Refinitiv estimates:EPS: $1.40 vs. $0.99 estimatedRevenue: $89.58 billion vs. $77.36 billion estimated, up 53.7% year-over-yeariPhone revenue: $47.94 billion vs. $41.43 billion estimated, up 65.5% year-over-yearServices revenue: $16.90 billion vs. $15.57 billion estimated, up 26.7% year over yearOther Products revenue: $7.83 billion vs. $7.79 billion estimated, up 24% year-over-yearMac revenue: $9.10 billion vs. $6.86 billion estimated, up 70.1% year-over-yeariPad revenue: $7.80 billion vs. $5.58 billion estimated, up 78.9% year-over-yearGross margin: 42.5% vs. 39.8% estimatedApple did not issue official guidance for what it expects in the quarter ending in June. It hasn’t provided revenue guidance since the start of the pandemic, citing uncertainty. This is Apple’s second quarter in a row with double-digit growth in all product categories. Apple CFO Luca Maestri told analysts that the company expects June quarter revenue to rise by double digits year-over-year, although it faces some supply shortages due to the worldwide chip shortage.Apple has said in the past months that its business has been boosted by the pandemic as consumers and businesses bought computers to work and entertain themselves while at home. But Apple’s strong results in the quarter suggest that the trend may persist as more economies open up.Or, as Apple CEO Tim Cook said in a statement: “This quarter reflects both the enduring ways our products have helped our users meet this moment in their own lives, as well as the optimism consumers seem to feel about better days ahead for all of us.”Mac sales were up 70%, and Cook said that the result was “fueled by” the company’s introduction of its Mac laptops that used its own M1 chips for longer battery life, instead of processors sold by Intel. iPad sales were up nearly 79% year-over-year.Neither of those results include iPad Pro or iMac models the company announced in March, which are expected to drive additional demand.“We’re seeing strong first-time buyers on the Mac … it continues to run just south of 50%,” Cook told CNBC’s Josh Lipton. “And, in China, it’s even higher than that … it’s more around two-thirds. And that speaks to people preferring to work on the Mac.”Apple’s iPhone also reported strong results this quarter, quelling fears that the current annual cycle could slow down. Last year, Apple released iPhones with a new exterior design and 5G support, which many investors believed could prompt a major upgrade cycle, which this quarter’s results indicate.In greater China, which includes the mainland, Hong Kong, and Taiwan, Apple’s revenue increased over 87% year-over-year to $17.73 billion, although the comparison is to a quarter last year in which China was largely shut down in the early days of the pandemic. Every other geographical category, including the Americas and Europe, were also up on an annual basis.Apple’s high-margin services business, including iCloud, App Store, and subscriptions like Apple Music, also showed 26.7% growth.One metric that Apple uses to show the growth in services is the number of subscriptions it has, which not only include its own subscriptions like Apple One, but also subscriptions through its App Store.“We now have over 660 million paid subscriptions across the services on the platform, and that’s up 40 million from the previous quarter, which is an acceleration from 35 million,” Cook told CNBC.However, Apple’s App Store has been challenged by lawmakers and companies that say it costs too much and has too much power. A closely-watched trial with Fortnite maker Epic Games over App Store policies kicks off next week.“The App Store has been an economic miracle. Last year, the estimates are that there was over a half a trillion dollars of economic activity because of the store. And, so, this has been just an economic gamechanger for not only the United States, but several countries around the world. And, we’re going to go in and tell our story. And we’ll see where it goes. But, we’re confident,” Cook told CNBC.Apple’s gross margin was also unusually elevated for the company. Most quarters, it tends to be in the 38% to 39% range, but in the quarter ending in March, Apple reported 42.5% margins.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2009,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372297430,"gmtCreate":1619219180120,"gmtModify":1634287740334,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579395105035655","idStr":"3579395105035655"},"themes":[],"title":"","htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/372297430","repostId":"1101099559","repostType":4,"repost":{"id":"1101099559","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":1619191663,"share":"https://www.laohunote.com/m/news/1101099559?lang=zh_CN&edition=full","pubTime":"2021-04-23 23:27","market":"us","language":"en","title":"Dow rebounds 200 points led by banks and tech as market shrugs off higher tax fears<blockquote>由于市场对更高的税收担忧不屑一顾，道琼斯指数在银行和科技股的带领下反弹 200 点</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1101099559","media":"Tiger Newspress","summary":"U.S. stocks rebounded on Friday as Wall Street reassessed concerns arising from news that the White ","content":"<p>U.S. stocks rebounded on Friday as Wall Street reassessed concerns arising from news that the White House could seek a hike to the capital gains tax.</p><p><blockquote>美国股市周五反弹，华尔街重新评估了白宫可能寻求提高资本利得税的消息引发的担忧。</blockquote></p><p>The Dow Jones Industrial Average gained 200 points amid a jump in Goldman Sachs and Apple shares. The S&amp;P 500 rose 1% led by financials and technology shares, while the tech-heavy Nasdaq Composite climbed 1.2%.</p><p><blockquote>高盛和苹果股价上涨，道琼斯工业平均指数上涨 200 点。在金融和科技股的带领下，标普500上涨 1%，而以科技股为主的纳斯达克综合指数上涨 1.2%。</blockquote></p><p>Wall Street came off a turbulent session for equities after multiple news outlets reported Thursday afternoon that President Joe Biden is slated to propose much higher capital gains taxes for the rich.</p><p><blockquote>周四下午，多家新闻媒体报道称，乔·拜登总统将提议对富人征收更高的资本利得税，此后华尔街股市经历了一个动荡的时段。</blockquote></p><p>Bloomberg News reported that Biden is planning a&nbsp;capital gains tax hike to as high as 43.4%&nbsp;for wealthy Americans.</p><p><blockquote>彭博新闻社报道称，拜登正计划将美国富人的资本利得税提高到43.4%。</blockquote></p><p>The proposal would hike the capital gains rate to 39.6% for&nbsp;those earning $1 million or more, up from 20% currently, according to Bloomberg News, citing people familiar with the matter. Reuters and the New York Times later also reported similar stories.</p><p><blockquote>据彭博新闻社援引知情人士的话称，该提案将把收入100万美元或以上的人的资本利得率从目前的20%提高到39.6%。路透社和《纽约时报》后来也报道了类似的故事。</blockquote></p><p>“We expect Congress will pass a scaled back version of this tax increase,” wrote Goldman Sachs economists in a note. “We expect Congress will settle on a more modest increase, potentially around 28%.”</p><p><blockquote>“高盛经济学家在一份报告中写道：”我们预计国会将通过此次增税的缩减版。“我们预计国会将决定更温和的增幅，可能在28%左右。”</blockquote></p><p>Week to date, the three major averages are all down about 1%.</p><p><blockquote>本周迄今为止，三大平均值均下跌约1%。</blockquote></p><p>Intel shares dropped more than 5% after it issued second-quarter earnings guidance&nbsp;below analysts’ hopes. American Express fell over 4% after the credit card company reported quarterly revenue that was slightly short of forecasts.</p><p><blockquote>英特尔发布的第二季度盈利指引低于分析师预期，股价下跌超过 5%。美国运通 (American Express) 公布季度收入略低于预期，股价下跌超过 4%。</blockquote></p><p>Snap shares, meanwhile, jumped 9% after it said&nbsp;it saw accelerating revenue growth and strong user numbers during the first quarter. Snap broke even on the bottom line while posting revenue of $770 million.</p><p><blockquote>与此同时，Snap股价上涨 9%，此前该公司表示第一季度收入增长加速，用户数量强劲。Snap实现了盈亏平衡，同时公布了 7.7 亿美元的收入。</blockquote></p><p>Corporations have for the most part managed to beat Wall Street’s forecasts thus far into earnings season. Still, strong first-quarter results have been met with a more tepid response from investors, who have not, to date, snapped up shares of companies with some of the best results.</p><p><blockquote>财报季到目前为止，各公司的业绩在很大程度上超出了华尔街的预测。尽管如此，强劲的第一季度业绩还是遭到了投资者的冷淡反应，迄今为止，投资者还没有抢购业绩最好的公司的股票。</blockquote></p><p>Strategists say already-high valuations and near-record-high levels on the S&amp;P 500 and Dow have kept traders’ enthusiasm in check. But indexes are within 1.5% of their all-time highs even after Thursday’s losses.</p><p><blockquote>策略师表示，标普500和道琼斯指数已经很高的估值以及接近历史新高的水平抑制了交易员的热情。但即使在周四下跌之后，股指仍距离历史高点不到 1.5%。</blockquote></p><p>Bitcoin&nbsp;plunged overnight, perhaps in part because of concerns about higher capital gains taxes, with the cryptocurrency last down about 8%, according to CoinMetrics. Other cryptocurrencies like Ethereum were also getting hit. So far, the sell-off there was not spilling over into other risk assets like equities.</p><p><blockquote>根据 CoinMetrics 的数据，比特币隔夜暴跌，部分原因可能是对更高资本利得税的担忧，加密货币最终下跌约 8%。以太币等其他加密货币也受到了打击。到目前为止，那里的抛售还没有蔓延到股票等其他风险资产。</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>Dow rebounds 200 points led by banks and tech as market shrugs off higher tax fears<blockquote>由于市场对更高的税收担忧不屑一顾，道琼斯指数在银行和科技股的带领下反弹 200 点</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\">\nDow rebounds 200 points led by banks and tech as market shrugs off higher tax fears<blockquote>由于市场对更高的税收担忧不屑一顾，道琼斯指数在银行和科技股的带领下反弹 200 点</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-04-23 23:27</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stocks rebounded on Friday as Wall Street reassessed concerns arising from news that the White House could seek a hike to the capital gains tax.</p><p><blockquote>美国股市周五反弹，华尔街重新评估了白宫可能寻求提高资本利得税的消息引发的担忧。</blockquote></p><p>The Dow Jones Industrial Average gained 200 points amid a jump in Goldman Sachs and Apple shares. The S&amp;P 500 rose 1% led by financials and technology shares, while the tech-heavy Nasdaq Composite climbed 1.2%.</p><p><blockquote>高盛和苹果股价上涨，道琼斯工业平均指数上涨 200 点。在金融和科技股的带领下，标普500上涨 1%，而以科技股为主的纳斯达克综合指数上涨 1.2%。</blockquote></p><p>Wall Street came off a turbulent session for equities after multiple news outlets reported Thursday afternoon that President Joe Biden is slated to propose much higher capital gains taxes for the rich.</p><p><blockquote>周四下午，多家新闻媒体报道称，乔·拜登总统将提议对富人征收更高的资本利得税，此后华尔街股市经历了一个动荡的时段。</blockquote></p><p>Bloomberg News reported that Biden is planning a&nbsp;capital gains tax hike to as high as 43.4%&nbsp;for wealthy Americans.</p><p><blockquote>彭博新闻社报道称，拜登正计划将美国富人的资本利得税提高到43.4%。</blockquote></p><p>The proposal would hike the capital gains rate to 39.6% for&nbsp;those earning $1 million or more, up from 20% currently, according to Bloomberg News, citing people familiar with the matter. Reuters and the New York Times later also reported similar stories.</p><p><blockquote>据彭博新闻社援引知情人士的话称，该提案将把收入100万美元或以上的人的资本利得率从目前的20%提高到39.6%。路透社和《纽约时报》后来也报道了类似的故事。</blockquote></p><p>“We expect Congress will pass a scaled back version of this tax increase,” wrote Goldman Sachs economists in a note. “We expect Congress will settle on a more modest increase, potentially around 28%.”</p><p><blockquote>“高盛经济学家在一份报告中写道：”我们预计国会将通过此次增税的缩减版。“我们预计国会将决定更温和的增幅，可能在28%左右。”</blockquote></p><p>Week to date, the three major averages are all down about 1%.</p><p><blockquote>本周迄今为止，三大平均值均下跌约1%。</blockquote></p><p>Intel shares dropped more than 5% after it issued second-quarter earnings guidance&nbsp;below analysts’ hopes. American Express fell over 4% after the credit card company reported quarterly revenue that was slightly short of forecasts.</p><p><blockquote>英特尔发布的第二季度盈利指引低于分析师预期，股价下跌超过 5%。美国运通 (American Express) 公布季度收入略低于预期，股价下跌超过 4%。</blockquote></p><p>Snap shares, meanwhile, jumped 9% after it said&nbsp;it saw accelerating revenue growth and strong user numbers during the first quarter. Snap broke even on the bottom line while posting revenue of $770 million.</p><p><blockquote>与此同时，Snap股价上涨 9%，此前该公司表示第一季度收入增长加速，用户数量强劲。Snap实现了盈亏平衡，同时公布了 7.7 亿美元的收入。</blockquote></p><p>Corporations have for the most part managed to beat Wall Street’s forecasts thus far into earnings season. Still, strong first-quarter results have been met with a more tepid response from investors, who have not, to date, snapped up shares of companies with some of the best results.</p><p><blockquote>财报季到目前为止，各公司的业绩在很大程度上超出了华尔街的预测。尽管如此，强劲的第一季度业绩还是遭到了投资者的冷淡反应，迄今为止，投资者还没有抢购业绩最好的公司的股票。</blockquote></p><p>Strategists say already-high valuations and near-record-high levels on the S&amp;P 500 and Dow have kept traders’ enthusiasm in check. But indexes are within 1.5% of their all-time highs even after Thursday’s losses.</p><p><blockquote>策略师表示，标普500和道琼斯指数已经很高的估值以及接近历史新高的水平抑制了交易员的热情。但即使在周四下跌之后，股指仍距离历史高点不到 1.5%。</blockquote></p><p>Bitcoin&nbsp;plunged overnight, perhaps in part because of concerns about higher capital gains taxes, with the cryptocurrency last down about 8%, according to CoinMetrics. Other cryptocurrencies like Ethereum were also getting hit. So far, the sell-off there was not spilling over into other risk assets like equities.</p><p><blockquote>根据 CoinMetrics 的数据，比特币隔夜暴跌，部分原因可能是对更高资本利得税的担忧，加密货币最终下跌约 8%。以太币等其他加密货币也受到了打击。到目前为止，那里的抛售还没有蔓延到股票等其他风险资产。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SNAP":"Snap Inc","INTC":"英特尔",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101099559","content_text":"U.S. stocks rebounded on Friday as Wall Street reassessed concerns arising from news that the White House could seek a hike to the capital gains tax.The Dow Jones Industrial Average gained 200 points amid a jump in Goldman Sachs and Apple shares. The S&P 500 rose 1% led by financials and technology shares, while the tech-heavy Nasdaq Composite climbed 1.2%.Wall Street came off a turbulent session for equities after multiple news outlets reported Thursday afternoon that President Joe Biden is slated to propose much higher capital gains taxes for the rich.Bloomberg News reported that Biden is planning a capital gains tax hike to as high as 43.4% for wealthy Americans.The proposal would hike the capital gains rate to 39.6% for those earning $1 million or more, up from 20% currently, according to Bloomberg News, citing people familiar with the matter. Reuters and the New York Times later also reported similar stories.“We expect Congress will pass a scaled back version of this tax increase,” wrote Goldman Sachs economists in a note. “We expect Congress will settle on a more modest increase, potentially around 28%.”Week to date, the three major averages are all down about 1%.Intel shares dropped more than 5% after it issued second-quarter earnings guidance below analysts’ hopes. American Express fell over 4% after the credit card company reported quarterly revenue that was slightly short of forecasts.Snap shares, meanwhile, jumped 9% after it said it saw accelerating revenue growth and strong user numbers during the first quarter. Snap broke even on the bottom line while posting revenue of $770 million.Corporations have for the most part managed to beat Wall Street’s forecasts thus far into earnings season. Still, strong first-quarter results have been met with a more tepid response from investors, who have not, to date, snapped up shares of companies with some of the best results.Strategists say already-high valuations and near-record-high levels on the S&P 500 and Dow have kept traders’ enthusiasm in check. But indexes are within 1.5% of their all-time highs even after Thursday’s losses.Bitcoin plunged overnight, perhaps in part because of concerns about higher capital gains taxes, with the cryptocurrency last down about 8%, according to CoinMetrics. Other cryptocurrencies like Ethereum were also getting hit. So far, the sell-off there was not spilling over into other risk assets like equities.","news_type":1,"symbols_score_info":{"SNAP":0.9,".IXIC":0.9,".DJI":0.9,"INTC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2500,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372230392,"gmtCreate":1619219237116,"gmtModify":1634287740091,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579395105035655","idStr":"3579395105035655"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/372230392","repostId":"1128911279","repostType":4,"isVote":1,"tweetType":1,"viewCount":2258,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357115434,"gmtCreate":1617245824928,"gmtModify":1634521828167,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579395105035655","idStr":"3579395105035655"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/357115434","repostId":"2124203735","repostType":4,"isVote":1,"tweetType":1,"viewCount":635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375884236,"gmtCreate":1619323130025,"gmtModify":1634274232717,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579395105035655","idStr":"3579395105035655"},"themes":[],"title":"","htmlText":"Like and comment please&nbsp;","listText":"Like and comment please&nbsp;","text":"Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/375884236","repostId":"2129610673","repostType":4,"isVote":1,"tweetType":1,"viewCount":2189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371422097,"gmtCreate":1618966944919,"gmtModify":1634289561813,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579395105035655","idStr":"3579395105035655"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/371422097","repostId":"1123133666","repostType":4,"isVote":1,"tweetType":1,"viewCount":2330,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346184827,"gmtCreate":1618014579069,"gmtModify":1634295257047,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579395105035655","idStr":"3579395105035655"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/346184827","repostId":"2126333180","repostType":4,"isVote":1,"tweetType":1,"viewCount":1226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349030592,"gmtCreate":1617503084116,"gmtModify":1634520760371,"author":{"id":"3579395105035655","authorId":"3579395105035655","name":"GabrielWoon","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579395105035655","idStr":"3579395105035655"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/349030592","repostId":"1191998262","repostType":4,"repost":{"id":"1191998262","kind":"news","pubTimestamp":1617366158,"share":"https://www.laohunote.com/m/news/1191998262?lang=zh_CN&edition=full","pubTime":"2021-04-02 20:22","market":"us","language":"en","title":"How Likely Is a Stock Market Crash?<blockquote>股市崩盘的可能性有多大？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1191998262","media":"Motley Fool","summary":"You may not like the answer.\n\nFor the past year, investors have enjoyed one of the greatest bounce-b","content":"<p>  You may not like the answer.  For the past year, investors have enjoyed one of the greatest bounce-back rallies of all time. After the benchmark<b>S&amp;P 500</b>(SNPINDEX:^GSPC)lost a third of its value in mere weeks due to unprecedented uncertainties surrounding the coronavirus pandemic, it bounced back to gain in the neighborhood of 75% off its lows. You could rightly say that patience has paid off.</p><p><blockquote>你可能不喜欢这个答案。在过去的一年里，投资者享受了有史以来最伟大的反弹行情之一。基准测试后<b>标普500</b>（SNPINDEX:^GSPC）由于冠状病毒大流行前所未有的不确定性，在短短几周内就损失了三分之一的价值，但随后反弹，较低点上涨了约 75%。你可以正确地说，耐心得到了回报。</blockquote></p><p> But there's another reality that investors -- especially long-term investors -- are keenly aware of: the propensity of the stock market to crash or correct. Things might look great now, but the next big nosedive is always waiting in the wings.</p><p><blockquote>但投资者——尤其是长期投资者——敏锐地意识到另一个现实：股市崩溃或修正的倾向。事情现在可能看起来很好，但下一次大俯冲总是在翅膀里等着。</blockquote></p><p> It begs the question: How likely is astock market crash? Let's take a closer look.</p><p><blockquote>这就引出了一个问题：股市崩盘的可能性有多大？让我们仔细看看。</blockquote></p><p> <b>Double-digit declines occur every 1.87 years, on average</b></p><p><blockquote><b>平均每1.87年出现两位数的下降</b></blockquote></p><p> To begin with the basics, stock market corrections (i.e., declines of at least 10%) are quite common in the S&amp;P 500. According to data from market analytics firm Yardeni Research, there have been 38 corrections in the S&amp;P 500 since the beginning of 1950. This works out to an average double-digit decline in the benchmark indexevery 1.87 years. Since it's now been more than a year since the market hit its bear-market bottom, the averages are certainly not in investors' favor.</p><p><blockquote>首先，股市调整（即至少下跌10%）在标普500很常见。根据市场分析公司Yardeni Research的数据，自1950年初以来，标普500已经进行了38次调整。这意味着基准指数平均每 1.87 年下降两位数。由于市场触及熊市底部已经一年多了，平均值肯定不受投资者青睐。</blockquote></p><p> However, averages are nothing more than that... averages. The market doesn't adhere to averages, even if some folks base their investments off of what's happened historically.</p><p><blockquote>然而，平均值不过如此……平均值。市场并不遵循平均水平，即使有些人根据历史上发生的事情进行投资。</blockquote></p><p> We could enter a period similar to 1991 through 1996 where there were zero corrections. Or we could continue the theme since the beginning of 2010, where corrections occur, on average, every 19 months.</p><p><blockquote>我们可能会进入一个类似于1991年至1996年的时期，那时没有任何修正。或者我们可以延续2010年初以来的主题，平均每19个月进行一次修正。</blockquote></p><p> <b>Corrections have been an historical given within three years of a bear market bottom</b></p><p><blockquote><b>熊市底部三年内的修正是历史性的</b></blockquote></p><p> Another interesting piece of evidence to examine is the frequency by which the S&amp;P 500 corrects after hitting a bear-market bottom.</p><p><blockquote>另一个有趣的证据是标普500在触及熊市底部后修正的频率。</blockquote></p><p> Since the beginning of 1960 (an arbitrary year I chose for the sake of simplicity), the widely followed index has navigated its way through nine bear markets, including the coronavirus crash. In rebounding from each of the previous eight bear market lows, there was at least one double-digit percentage decline within three years100% of the time. In aggregate, 13 corrections have occurred within three years following the last eight bear market bottoms (i.e., either one or two following each bottom).</p><p><blockquote>自 1960 年初（为了简单起见，我选择了一个任意年份）以来，这个广受关注的指数已经经历了九次熊市，包括冠状病毒崩盘。在从前八个熊市低点反弹的过程中，三年内至少有一次两位数的百分比下降。在过去八次熊市底部之后的三年内，总共发生了13次调整（即每次底部之后都有一次或两次）。</blockquote></p><p> Put another way, rebounding from a bear-market bottom is rarely a straight-line move higher. Yet up, up, and away has pretty much been the theme for investors since March 23, 2020. History would suggest that there's a very good chance of a move lower in equities within the next two years.</p><p><blockquote>换句话说，从熊市底部反弹很少是直线走高。然而，自 2020 年 3 月 23 日以来，“涨、涨、走”几乎一直是投资者的主题。历史表明，未来两年内股市很有可能走低。</blockquote></p><p> <b>Crashes frequently occur when this valuation metric is hit</b></p><p><blockquote><b>当这个估值指标被击中时，经常会发生崩溃</b></blockquote></p><p> But the most damning bit of evidence might just be the S&amp;P 500's Shiller price-to-earnings (P/E) ratio. This is a valuation metric that examines the average inflation-adjusted earnings from the previous 10 years. You might also know it as the cyclically adjusted P/E ratio, or CAPE.</p><p><blockquote>但最确凿的证据可能就是标准普尔500的席勒市盈率（P/E）。这是一个估值指标，用于检查过去 10 年经通胀调整后的平均收入。你可能也知道它是周期性调整市盈率，或CAPE。</blockquote></p><p> As of the close of business on March 30, the S&amp;P 500's Shiller P/E ratio hit 35.61. That's well over double its 150-year average of 16.8. Using continuous bull market moves as a parameter, it's the second-highest reading in its history.</p><p><blockquote>截至3月30日收盘，标准普尔500的席勒市盈率达到35.61。这是 150 年平均水平 16.8 的两倍多。以持续牛市走势为参数，这是其历史上第二高的读数。</blockquote></p><p> To some extent, itmakes sensethat equity valuations should be higher now than they've been historically. That's because interest rates are near an all-time low and access to the internet has effectively broken down barriers between Wall Street and Main Street that may have, in the past, kept P/E multiples at bay.</p><p><blockquote>在某种程度上，现在的股票估值应该高于历史上的水平是有道理的。这是因为利率接近历史低点，而互联网的接入有效地打破了华尔街和主街之间的壁垒，这些壁垒在过去可能会阻碍市盈率。</blockquote></p><p> However, previous instances of the S&amp;P 500's Shiller P/E ratio crossing above and sustaining the 30 levelhaven't ended well. In the prior four instances where the Shiller P/E surpassed and held above 30, the benchmark index tumbled anywhere from 20% to as much as 89%. Although an 89% plunge, which was experienced during the Great Depression, is very unlikely these days, a big drop has historically been in the cards when valuations get extended, as they are now.</p><p><blockquote>然而，此前标准普尔 500 指数席勒市盈率突破并维持在 30 水平的情况并没有好结果。在之前的四次席勒市盈率超过并保持在30以上的情况下，基准指数从20%暴跌至89%。尽管如今大萧条时期经历的 89% 暴跌的可能性非常小，但历史上，当估值延长时，就像现在一样，可能会出现大幅下跌。</blockquote></p><p> <b>Keep that cash handy in the event that opportunity knocks</b></p><p><blockquote><b>把现金放在手边，以备不时之需</b></blockquote></p><p> To circle back to the original question at hand, the data is pretty clear that the likelihood of a stock market crash or correction has grown considerably. It's impossible to precisely predict when a crash might occur, how long the decline will last, or how steep the drop could be. But the data strongly suggests that downside is in the offing.</p><p><blockquote>回到手头的最初问题，数据非常清楚地表明，股市崩盘或调整的可能性已经大大增加。不可能准确预测崩盘何时发生，下跌将持续多长时间，或者下跌幅度有多大。但数据强烈表明，下行即将来临。</blockquote></p><p> While this might be a disappointing revelation to some investors, it shouldn't be. Crashes and corrections are a normal part of the investing cycle. More importantly, theyprovide an opportunityfor investors to buy into great companies at a discount. Just think about all the great companies you're probably kicking yourself over for not buying last March.</p><p><blockquote>虽然这对一些投资者来说可能是一个令人失望的消息，但不应该如此。崩溃和调整是投资周期的正常部分。更重要的是，它们为投资者提供了以折扣价购买优秀公司的机会。想想那些你可能会因为去年三月没有买入而责备自己的伟大公司。</blockquote></p><p></p><p> The reason to be excited about crashes and corrections is also found in the data. You see, of those 38 previous corrections in the S&amp;P 500 since the beginning of 1950, each and every one has eventually been put into the rearview mirror by a bull market rally. Plus,at no point over the past centuryhave rolling 20-year total returns (including dividends) for the S&amp;P 500 been negative.</p><p><blockquote>对崩溃和修正感到兴奋的原因也可以在数据中找到。你看，自1950年初以来，标普500的38次调整中，每一次最终都被牛市反弹搁置了。此外，在过去一个世纪中，标普500的 20 年滚动总回报率（包括股息）从未为负。</blockquote></p><p> If you need further encouragement to buy during a correction, keep in mind that 24 of the 38 double-digit declines in the S&amp;P 500 havefound their bottom in 104 or fewer calendar days(3.5 months or less). Crashes and corrections may be steep at times but tend to resolve quickly. That's your cue to have cash at the ready in the event that opportunity knocks.</p><p><blockquote>如果您需要在调整期间进一步鼓励买入，请记住，标普500 38 个两位数跌幅中有 24 个是在 104 个日历日或更短时间内（3.5 个月或更短时间）触底的。崩溃和修正有时可能会很陡峭，但往往会很快解决。这是你准备好现金以备不时之需的提示。</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>How Likely Is a Stock Market Crash?<blockquote>股市崩盘的可能性有多大？</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\">\nHow Likely Is a Stock Market Crash?<blockquote>股市崩盘的可能性有多大？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-04-02 20:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  You may not like the answer.  For the past year, investors have enjoyed one of the greatest bounce-back rallies of all time. After the benchmark<b>S&amp;P 500</b>(SNPINDEX:^GSPC)lost a third of its value in mere weeks due to unprecedented uncertainties surrounding the coronavirus pandemic, it bounced back to gain in the neighborhood of 75% off its lows. You could rightly say that patience has paid off.</p><p><blockquote>你可能不喜欢这个答案。在过去的一年里，投资者享受了有史以来最伟大的反弹行情之一。基准测试后<b>标普500</b>（SNPINDEX:^GSPC）由于冠状病毒大流行前所未有的不确定性，在短短几周内就损失了三分之一的价值，但随后反弹，较低点上涨了约 75%。你可以正确地说，耐心得到了回报。</blockquote></p><p> But there's another reality that investors -- especially long-term investors -- are keenly aware of: the propensity of the stock market to crash or correct. Things might look great now, but the next big nosedive is always waiting in the wings.</p><p><blockquote>但投资者——尤其是长期投资者——敏锐地意识到另一个现实：股市崩溃或修正的倾向。事情现在可能看起来很好，但下一次大俯冲总是在翅膀里等着。</blockquote></p><p> It begs the question: How likely is astock market crash? Let's take a closer look.</p><p><blockquote>这就引出了一个问题：股市崩盘的可能性有多大？让我们仔细看看。</blockquote></p><p> <b>Double-digit declines occur every 1.87 years, on average</b></p><p><blockquote><b>平均每1.87年出现两位数的下降</b></blockquote></p><p> To begin with the basics, stock market corrections (i.e., declines of at least 10%) are quite common in the S&amp;P 500. According to data from market analytics firm Yardeni Research, there have been 38 corrections in the S&amp;P 500 since the beginning of 1950. This works out to an average double-digit decline in the benchmark indexevery 1.87 years. Since it's now been more than a year since the market hit its bear-market bottom, the averages are certainly not in investors' favor.</p><p><blockquote>首先，股市调整（即至少下跌10%）在标普500很常见。根据市场分析公司Yardeni Research的数据，自1950年初以来，标普500已经进行了38次调整。这意味着基准指数平均每 1.87 年下降两位数。由于市场触及熊市底部已经一年多了，平均值肯定不受投资者青睐。</blockquote></p><p> However, averages are nothing more than that... averages. The market doesn't adhere to averages, even if some folks base their investments off of what's happened historically.</p><p><blockquote>然而，平均值不过如此……平均值。市场并不遵循平均水平，即使有些人根据历史上发生的事情进行投资。</blockquote></p><p> We could enter a period similar to 1991 through 1996 where there were zero corrections. Or we could continue the theme since the beginning of 2010, where corrections occur, on average, every 19 months.</p><p><blockquote>我们可能会进入一个类似于1991年至1996年的时期，那时没有任何修正。或者我们可以延续2010年初以来的主题，平均每19个月进行一次修正。</blockquote></p><p> <b>Corrections have been an historical given within three years of a bear market bottom</b></p><p><blockquote><b>熊市底部三年内的修正是历史性的</b></blockquote></p><p> Another interesting piece of evidence to examine is the frequency by which the S&amp;P 500 corrects after hitting a bear-market bottom.</p><p><blockquote>另一个有趣的证据是标普500在触及熊市底部后修正的频率。</blockquote></p><p> Since the beginning of 1960 (an arbitrary year I chose for the sake of simplicity), the widely followed index has navigated its way through nine bear markets, including the coronavirus crash. In rebounding from each of the previous eight bear market lows, there was at least one double-digit percentage decline within three years100% of the time. In aggregate, 13 corrections have occurred within three years following the last eight bear market bottoms (i.e., either one or two following each bottom).</p><p><blockquote>自 1960 年初（为了简单起见，我选择了一个任意年份）以来，这个广受关注的指数已经经历了九次熊市，包括冠状病毒崩盘。在从前八个熊市低点反弹的过程中，三年内至少有一次两位数的百分比下降。在过去八次熊市底部之后的三年内，总共发生了13次调整（即每次底部之后都有一次或两次）。</blockquote></p><p> Put another way, rebounding from a bear-market bottom is rarely a straight-line move higher. Yet up, up, and away has pretty much been the theme for investors since March 23, 2020. History would suggest that there's a very good chance of a move lower in equities within the next two years.</p><p><blockquote>换句话说，从熊市底部反弹很少是直线走高。然而，自 2020 年 3 月 23 日以来，“涨、涨、走”几乎一直是投资者的主题。历史表明，未来两年内股市很有可能走低。</blockquote></p><p> <b>Crashes frequently occur when this valuation metric is hit</b></p><p><blockquote><b>当这个估值指标被击中时，经常会发生崩溃</b></blockquote></p><p> But the most damning bit of evidence might just be the S&amp;P 500's Shiller price-to-earnings (P/E) ratio. This is a valuation metric that examines the average inflation-adjusted earnings from the previous 10 years. You might also know it as the cyclically adjusted P/E ratio, or CAPE.</p><p><blockquote>但最确凿的证据可能就是标准普尔500的席勒市盈率（P/E）。这是一个估值指标，用于检查过去 10 年经通胀调整后的平均收入。你可能也知道它是周期性调整市盈率，或CAPE。</blockquote></p><p> As of the close of business on March 30, the S&amp;P 500's Shiller P/E ratio hit 35.61. That's well over double its 150-year average of 16.8. Using continuous bull market moves as a parameter, it's the second-highest reading in its history.</p><p><blockquote>截至3月30日收盘，标准普尔500的席勒市盈率达到35.61。这是 150 年平均水平 16.8 的两倍多。以持续牛市走势为参数，这是其历史上第二高的读数。</blockquote></p><p> To some extent, itmakes sensethat equity valuations should be higher now than they've been historically. That's because interest rates are near an all-time low and access to the internet has effectively broken down barriers between Wall Street and Main Street that may have, in the past, kept P/E multiples at bay.</p><p><blockquote>在某种程度上，现在的股票估值应该高于历史上的水平是有道理的。这是因为利率接近历史低点，而互联网的接入有效地打破了华尔街和主街之间的壁垒，这些壁垒在过去可能会阻碍市盈率。</blockquote></p><p> However, previous instances of the S&amp;P 500's Shiller P/E ratio crossing above and sustaining the 30 levelhaven't ended well. In the prior four instances where the Shiller P/E surpassed and held above 30, the benchmark index tumbled anywhere from 20% to as much as 89%. Although an 89% plunge, which was experienced during the Great Depression, is very unlikely these days, a big drop has historically been in the cards when valuations get extended, as they are now.</p><p><blockquote>然而，此前标准普尔 500 指数席勒市盈率突破并维持在 30 水平的情况并没有好结果。在之前的四次席勒市盈率超过并保持在30以上的情况下，基准指数从20%暴跌至89%。尽管如今大萧条时期经历的 89% 暴跌的可能性非常小，但历史上，当估值延长时，就像现在一样，可能会出现大幅下跌。</blockquote></p><p> <b>Keep that cash handy in the event that opportunity knocks</b></p><p><blockquote><b>把现金放在手边，以备不时之需</b></blockquote></p><p> To circle back to the original question at hand, the data is pretty clear that the likelihood of a stock market crash or correction has grown considerably. It's impossible to precisely predict when a crash might occur, how long the decline will last, or how steep the drop could be. But the data strongly suggests that downside is in the offing.</p><p><blockquote>回到手头的最初问题，数据非常清楚地表明，股市崩盘或调整的可能性已经大大增加。不可能准确预测崩盘何时发生，下跌将持续多长时间，或者下跌幅度有多大。但数据强烈表明，下行即将来临。</blockquote></p><p> While this might be a disappointing revelation to some investors, it shouldn't be. Crashes and corrections are a normal part of the investing cycle. More importantly, theyprovide an opportunityfor investors to buy into great companies at a discount. Just think about all the great companies you're probably kicking yourself over for not buying last March.</p><p><blockquote>虽然这对一些投资者来说可能是一个令人失望的消息，但不应该如此。崩溃和调整是投资周期的正常部分。更重要的是，它们为投资者提供了以折扣价购买优秀公司的机会。想想那些你可能会因为去年三月没有买入而责备自己的伟大公司。</blockquote></p><p></p><p> The reason to be excited about crashes and corrections is also found in the data. You see, of those 38 previous corrections in the S&amp;P 500 since the beginning of 1950, each and every one has eventually been put into the rearview mirror by a bull market rally. Plus,at no point over the past centuryhave rolling 20-year total returns (including dividends) for the S&amp;P 500 been negative.</p><p><blockquote>对崩溃和修正感到兴奋的原因也可以在数据中找到。你看，自1950年初以来，标普500的38次调整中，每一次最终都被牛市反弹搁置了。此外，在过去一个世纪中，标普500的 20 年滚动总回报率（包括股息）从未为负。</blockquote></p><p> If you need further encouragement to buy during a correction, keep in mind that 24 of the 38 double-digit declines in the S&amp;P 500 havefound their bottom in 104 or fewer calendar days(3.5 months or less). Crashes and corrections may be steep at times but tend to resolve quickly. That's your cue to have cash at the ready in the event that opportunity knocks.</p><p><blockquote>如果您需要在调整期间进一步鼓励买入，请记住，标普500 38 个两位数跌幅中有 24 个是在 104 个日历日或更短时间内（3.5 个月或更短时间）触底的。崩溃和修正有时可能会很陡峭，但往往会很快解决。这是你准备好现金以备不时之需的提示。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/04/02/how-likely-is-a-stock-market-crash/\">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":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.fool.com/investing/2021/04/02/how-likely-is-a-stock-market-crash/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191998262","content_text":"You may not like the answer.\n\nFor the past year, investors have enjoyed one of the greatest bounce-back rallies of all time. After the benchmarkS&P 500(SNPINDEX:^GSPC)lost a third of its value in mere weeks due to unprecedented uncertainties surrounding the coronavirus pandemic, it bounced back to gain in the neighborhood of 75% off its lows. You could rightly say that patience has paid off.\nBut there's another reality that investors -- especially long-term investors -- are keenly aware of: the propensity of the stock market to crash or correct. Things might look great now, but the next big nosedive is always waiting in the wings.\nIt begs the question: How likely is astock market crash? Let's take a closer look.\nDouble-digit declines occur every 1.87 years, on average\nTo begin with the basics, stock market corrections (i.e., declines of at least 10%) are quite common in the S&P 500. According to data from market analytics firm Yardeni Research, there have been 38 corrections in the S&P 500 since the beginning of 1950. This works out to an average double-digit decline in the benchmark indexevery 1.87 years. Since it's now been more than a year since the market hit its bear-market bottom, the averages are certainly not in investors' favor.\nHowever, averages are nothing more than that... averages. The market doesn't adhere to averages, even if some folks base their investments off of what's happened historically.\nWe could enter a period similar to 1991 through 1996 where there were zero corrections. Or we could continue the theme since the beginning of 2010, where corrections occur, on average, every 19 months.\nCorrections have been an historical given within three years of a bear market bottom\nAnother interesting piece of evidence to examine is the frequency by which the S&P 500 corrects after hitting a bear-market bottom.\nSince the beginning of 1960 (an arbitrary year I chose for the sake of simplicity), the widely followed index has navigated its way through nine bear markets, including the coronavirus crash. In rebounding from each of the previous eight bear market lows, there was at least one double-digit percentage decline within three years100% of the time. In aggregate, 13 corrections have occurred within three years following the last eight bear market bottoms (i.e., either one or two following each bottom).\nPut another way, rebounding from a bear-market bottom is rarely a straight-line move higher. Yet up, up, and away has pretty much been the theme for investors since March 23, 2020. History would suggest that there's a very good chance of a move lower in equities within the next two years.\nCrashes frequently occur when this valuation metric is hit\nBut the most damning bit of evidence might just be the S&P 500's Shiller price-to-earnings (P/E) ratio. This is a valuation metric that examines the average inflation-adjusted earnings from the previous 10 years. You might also know it as the cyclically adjusted P/E ratio, or CAPE.\nAs of the close of business on March 30, the S&P 500's Shiller P/E ratio hit 35.61. That's well over double its 150-year average of 16.8. Using continuous bull market moves as a parameter, it's the second-highest reading in its history.\nTo some extent, itmakes sensethat equity valuations should be higher now than they've been historically. That's because interest rates are near an all-time low and access to the internet has effectively broken down barriers between Wall Street and Main Street that may have, in the past, kept P/E multiples at bay.\nHowever, previous instances of the S&P 500's Shiller P/E ratio crossing above and sustaining the 30 levelhaven't ended well. In the prior four instances where the Shiller P/E surpassed and held above 30, the benchmark index tumbled anywhere from 20% to as much as 89%. Although an 89% plunge, which was experienced during the Great Depression, is very unlikely these days, a big drop has historically been in the cards when valuations get extended, as they are now.\nKeep that cash handy in the event that opportunity knocks\nTo circle back to the original question at hand, the data is pretty clear that the likelihood of a stock market crash or correction has grown considerably. It's impossible to precisely predict when a crash might occur, how long the decline will last, or how steep the drop could be. But the data strongly suggests that downside is in the offing.\nWhile this might be a disappointing revelation to some investors, it shouldn't be. Crashes and corrections are a normal part of the investing cycle. More importantly, theyprovide an opportunityfor investors to buy into great companies at a discount. Just think about all the great companies you're probably kicking yourself over for not buying last March.\nThe reason to be excited about crashes and corrections is also found in the data. You see, of those 38 previous corrections in the S&P 500 since the beginning of 1950, each and every one has eventually been put into the rearview mirror by a bull market rally. Plus,at no point over the past centuryhave rolling 20-year total returns (including dividends) for the S&P 500 been negative.\nIf you need further encouragement to buy during a correction, keep in mind that 24 of the 38 double-digit declines in the S&P 500 havefound their bottom in 104 or fewer calendar days(3.5 months or less). Crashes and corrections may be steep at times but tend to resolve quickly. That's your cue to have cash at the ready in the event that opportunity knocks.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":636,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}