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2021-09-03

Up or down?

August nonfarm payrolls increase 235,000 vs. 720,000 estimate<blockquote>8 月份非农就业人数增加 235,000 人，而预期为 720,000 人</blockquote>

2021-08-28

Like like pls pls

Wall Street Crime And Punishment: Bernard Ebbers And WorldCom's Seriously Wrong Numbers<blockquote>华尔街的犯罪与惩罚：伯纳德·埃伯斯和世通的严重错误数字</blockquote>

2021-08-20

Wow

The "Journal Account" of US Stock（2021-8-19)<blockquote>美股“日记账”（2021-8-19）</blockquote>

2021-08-15

Noted.

抱歉，原内容已删除

2021-08-02

Like and share

Alibaba,Uber, DraftKings, GM, Roku, EA, ViacomCBS, and Other Stocks for Investors to Watch This Week<blockquote>阿里巴巴、Uber、DraftKings、通用汽车、Roku、EA、维亚康姆哥伦比亚广播公司和其他投资者本周值得关注的股票</blockquote>

2021-08-30

Go and like pls

抱歉，原内容已删除

2021-08-24

Nice

抱歉，原内容已删除

2021-08-21

Like

Buy the pullback in chip stocks — and focus on these 6 companies for the long haul<blockquote>买入芯片股的回调——长期关注这 6 家公司</blockquote>

2021-08-27

Up

抱歉，原内容已删除

2021-08-19

Oh no

Stocks End the Day in an Ugly Way After Fed Minutes Show Taper Talk Is Serious<blockquote>美联储会议纪要显示缩减规模谈判是认真的，股市以丑陋的方式收盘</blockquote>

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Amzn","listText":"Go Amzn","text":"Go Amzn","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/884019201","repostId":"1105376345","repostType":4,"repost":{"id":"1105376345","kind":"news","pubTimestamp":1631833833,"share":"https://www.laohunote.com/m/news/1105376345?lang=zh_CN&edition=full","pubTime":"2021-09-17 07:10","market":"us","language":"en","title":"S&P ends modestly lower as rising Treasury yields offset robust retail data<blockquote>由于国债收益率上升抵消了强劲的零售数据，标准普尔收盘小幅走低</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105376345","media":"Reuters","summary":"NEW YORK (Reuters) - The S&P 500 ended slightly down on Thursday, paring losses in late trading afte","content":"<p>NEW YORK (Reuters) - The S&amp;P 500 ended slightly down on Thursday, paring losses in late trading after unexpectedly strong retail sales data underscored the strength of the U.S. economic recovery.</p><p><blockquote>路透纽约5月28日 - 标普500周四小幅收低，在意外强劲的零售销售数据凸显美国经济复苏的强劲势头后，尾盘收窄跌幅。</blockquote></p><p> The three major indexes spent much of the day in negative territory as rising U.S. Treasury yields pressured market-leading tech stocks, and the rising dollar weighed on exporters.</p><p><blockquote>由于美国国债收益率上升给市场领先的科技股带来压力，以及美元升值给出口商带来压力，三大股指当天大部分时间都处于负值区域。</blockquote></p><p> Amazon.com Inc, buoyed by solid online sales in the Commerce Department’s report, helped push the Nasdaq into positive territory.</p><p><blockquote>亚马逊公司在商务部报告中稳健的在线销售提振下，帮助纳斯达克进入正值。</blockquote></p><p> “Looking at today, clearly we had positive news from retail sales and it looks as if the massive slowdown in the economy is not materializing as a lot of people expected,” said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.</p><p><blockquote>“北卡罗来纳州夏洛特市 LPL Financial 高级市场策略师 Ryan Detrick 说：”从今天的情况来看，我们显然收到了零售销售方面的积极消息，而且经济的大幅放缓似乎并没有像许多人预期的那样实现。</blockquote></p><p> “It’s a nice reminder that the economy is still taking two steps forward for each step back even amid the COVID concerns,” Detrick added.</p><p><blockquote>“德特里克补充说：”这很好地提醒我们，即使在 COVID 担忧的情况下，经济仍在每后退一步前进两步。</blockquote></p><p> Economically sensitive transports and microchips were among the outperformers.</p><p><blockquote>对经济敏感的运输和微芯片表现优异。</blockquote></p><p> Data released before the opening bell showed an unexpected bump in retail sales as shoppers weathered Hurricane Ida and the COVID Delta variant, evidence of resilience in the consumer, who contributes about 70% to U.S. economic growth.</p><p><blockquote>开盘前公布的数据显示，随着购物者经受住了飓风艾达和新冠病毒德尔塔变异毒株的考验，零售额意外增长，这证明了消费者的韧性，消费者对美国经济增长的贡献约为70%。</blockquote></p><p> “Once again, it shows the U.S. consumer continues to spend and continues to help this economy grow,” Detrick said.</p><p><blockquote>“德特里克说：”这再次表明美国消费者继续消费，并继续帮助经济增长。</blockquote></p><p> The Dow Jones Industrial Average fell 63.07 points, or 0.18%, to 34,751.32; the S&amp;P 500 lost 6.95 points, or 0.16%, at 4,473.75; and the Nasdaq Composite added 20.40 points, or 0.13%, at 15,181.92.</p><p><blockquote>道琼斯工业平均指数下跌63.07点，跌幅0.18%，至34,751.32点；标普500下跌 6.95 点，跌幅 0.16%，报 4,473.75 点；纳斯达克综合指数上涨 20.40 点，即 0.13%，至 15,181.92 点。</blockquote></p><p> Eight of the 11 major sectors in the S&amp;P 500 ended lower, with materials suffering the largest percentage drop.</p><p><blockquote>标普500 11个主要板块中有8个板块收盘走低，其中材料板块跌幅最大。</blockquote></p><p> The consumer discretionary spending sector posted the biggest gain, with Amazon.com doing the heavy lifting.</p><p><blockquote>非必需消费品支出行业涨幅最大，其中亚马逊承担了重任。</blockquote></p><p> Apparel company Gap Inc gained 1.6%. Online marketplace Etsy Inc and luxury accessory company Tapestry Inc rose 3.1% and 1.9%, respectively.</p><p><blockquote>服装公司 Gap Inc 上涨 1.6%。在线市场 Etsy Inc 和奢侈配饰公司 Tapestry Inc 分别上涨 3.1% 和 1.9%。</blockquote></p><p> Ford Motor Co rose 1.4% after it announced plans to boost production of its F-150 electric pickup model.</p><p><blockquote>福特汽车公司宣布计划提高 F-150 电动皮卡车型的产量，股价上涨 1.4%。</blockquote></p><p> Declining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所下跌发行量与上涨发行量的比例为 1.27 比 1；在纳斯达克，1.06比1的比率有利于进步人士。</blockquote></p><p> The S&amp;P 500 posted nine new 52-week highs and one new low; the Nasdaq Composite recorded 82 new highs and 94 new lows.</p><p><blockquote>标普500创下9个52周新高和一个新低；纳斯达克综合指数创下82个新高和94个新低。</blockquote></p><p> Volume on U.S. exchanges was 9.37 billion shares, compared with the 9.44 billion average over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为 93.7 亿股，而过去 20 个交易日的平均成交量为 94.4 亿股。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P ends modestly lower as rising Treasury yields offset robust retail data<blockquote>由于国债收益率上升抵消了强劲的零售数据，标准普尔收盘小幅走低</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-09-17 07:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p>NEW YORK (Reuters) - The S&amp;P 500 ended slightly down on Thursday, paring losses in late trading after unexpectedly strong retail sales data underscored the strength of the U.S. economic recovery.</p><p><blockquote>路透纽约5月28日 - 标普500周四小幅收低，在意外强劲的零售销售数据凸显美国经济复苏的强劲势头后，尾盘收窄跌幅。</blockquote></p><p> The three major indexes spent much of the day in negative territory as rising U.S. Treasury yields pressured market-leading tech stocks, and the rising dollar weighed on exporters.</p><p><blockquote>由于美国国债收益率上升给市场领先的科技股带来压力，以及美元升值给出口商带来压力，三大股指当天大部分时间都处于负值区域。</blockquote></p><p> Amazon.com Inc, buoyed by solid online sales in the Commerce Department’s report, helped push the Nasdaq into positive territory.</p><p><blockquote>亚马逊公司在商务部报告中稳健的在线销售提振下，帮助纳斯达克进入正值。</blockquote></p><p> “Looking at today, clearly we had positive news from retail sales and it looks as if the massive slowdown in the economy is not materializing as a lot of people expected,” said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.</p><p><blockquote>“北卡罗来纳州夏洛特市 LPL Financial 高级市场策略师 Ryan Detrick 说：”从今天的情况来看，我们显然收到了零售销售方面的积极消息，而且经济的大幅放缓似乎并没有像许多人预期的那样实现。</blockquote></p><p> “It’s a nice reminder that the economy is still taking two steps forward for each step back even amid the COVID concerns,” Detrick added.</p><p><blockquote>“德特里克补充说：”这很好地提醒我们，即使在 COVID 担忧的情况下，经济仍在每后退一步前进两步。</blockquote></p><p> Economically sensitive transports and microchips were among the outperformers.</p><p><blockquote>对经济敏感的运输和微芯片表现优异。</blockquote></p><p> Data released before the opening bell showed an unexpected bump in retail sales as shoppers weathered Hurricane Ida and the COVID Delta variant, evidence of resilience in the consumer, who contributes about 70% to U.S. economic growth.</p><p><blockquote>开盘前公布的数据显示，随着购物者经受住了飓风艾达和新冠病毒德尔塔变异毒株的考验，零售额意外增长，这证明了消费者的韧性，消费者对美国经济增长的贡献约为70%。</blockquote></p><p> “Once again, it shows the U.S. consumer continues to spend and continues to help this economy grow,” Detrick said.</p><p><blockquote>“德特里克说：”这再次表明美国消费者继续消费，并继续帮助经济增长。</blockquote></p><p> The Dow Jones Industrial Average fell 63.07 points, or 0.18%, to 34,751.32; the S&amp;P 500 lost 6.95 points, or 0.16%, at 4,473.75; and the Nasdaq Composite added 20.40 points, or 0.13%, at 15,181.92.</p><p><blockquote>道琼斯工业平均指数下跌63.07点，跌幅0.18%，至34,751.32点；标普500下跌 6.95 点，跌幅 0.16%，报 4,473.75 点；纳斯达克综合指数上涨 20.40 点，即 0.13%，至 15,181.92 点。</blockquote></p><p> Eight of the 11 major sectors in the S&amp;P 500 ended lower, with materials suffering the largest percentage drop.</p><p><blockquote>标普500 11个主要板块中有8个板块收盘走低，其中材料板块跌幅最大。</blockquote></p><p> The consumer discretionary spending sector posted the biggest gain, with Amazon.com doing the heavy lifting.</p><p><blockquote>非必需消费品支出行业涨幅最大，其中亚马逊承担了重任。</blockquote></p><p> Apparel company Gap Inc gained 1.6%. Online marketplace Etsy Inc and luxury accessory company Tapestry Inc rose 3.1% and 1.9%, respectively.</p><p><blockquote>服装公司 Gap Inc 上涨 1.6%。在线市场 Etsy Inc 和奢侈配饰公司 Tapestry Inc 分别上涨 3.1% 和 1.9%。</blockquote></p><p> Ford Motor Co rose 1.4% after it announced plans to boost production of its F-150 electric pickup model.</p><p><blockquote>福特汽车公司宣布计划提高 F-150 电动皮卡车型的产量，股价上涨 1.4%。</blockquote></p><p> Declining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所下跌发行量与上涨发行量的比例为 1.27 比 1；在纳斯达克，1.06比1的比率有利于进步人士。</blockquote></p><p> The S&amp;P 500 posted nine new 52-week highs and one new low; the Nasdaq Composite recorded 82 new highs and 94 new lows.</p><p><blockquote>标普500创下9个52周新高和一个新低；纳斯达克综合指数创下82个新高和94个新低。</blockquote></p><p> Volume on U.S. exchanges was 9.37 billion shares, compared with the 9.44 billion average over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为 93.7 亿股，而过去 20 个交易日的平均成交量为 94.4 亿股。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-sp-ends-modestly-lower-as-rising-treasury-yields-offset-robust-retail-data-idUSL1N2QI2MB\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-sp-ends-modestly-lower-as-rising-treasury-yields-offset-robust-retail-data-idUSL1N2QI2MB","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105376345","content_text":"NEW YORK (Reuters) - The S&P 500 ended slightly down on Thursday, paring losses in late trading after unexpectedly strong retail sales data underscored the strength of the U.S. economic recovery.\nThe three major indexes spent much of the day in negative territory as rising U.S. Treasury yields pressured market-leading tech stocks, and the rising dollar weighed on exporters.\nAmazon.com Inc, buoyed by solid online sales in the Commerce Department’s report, helped push the Nasdaq into positive territory.\n“Looking at today, clearly we had positive news from retail sales and it looks as if the massive slowdown in the economy is not materializing as a lot of people expected,” said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.\n“It’s a nice reminder that the economy is still taking two steps forward for each step back even amid the COVID concerns,” Detrick added.\nEconomically sensitive transports and microchips were among the outperformers.\nData released before the opening bell showed an unexpected bump in retail sales as shoppers weathered Hurricane Ida and the COVID Delta variant, evidence of resilience in the consumer, who contributes about 70% to U.S. economic growth.\n“Once again, it shows the U.S. consumer continues to spend and continues to help this economy grow,” Detrick said.\nThe Dow Jones Industrial Average fell 63.07 points, or 0.18%, to 34,751.32; the S&P 500 lost 6.95 points, or 0.16%, at 4,473.75; and the Nasdaq Composite added 20.40 points, or 0.13%, at 15,181.92.\nEight of the 11 major sectors in the S&P 500 ended lower, with materials suffering the largest percentage drop.\nThe consumer discretionary spending sector posted the biggest gain, with Amazon.com doing the heavy lifting.\nApparel company Gap Inc gained 1.6%. Online marketplace Etsy Inc and luxury accessory company Tapestry Inc rose 3.1% and 1.9%, respectively.\nFord Motor Co rose 1.4% after it announced plans to boost production of its F-150 electric pickup model.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored advancers.\nThe S&P 500 posted nine new 52-week highs and one new low; the Nasdaq Composite recorded 82 new highs and 94 new lows.\nVolume on U.S. exchanges was 9.37 billion shares, compared with the 9.44 billion average over the last 20 trading days.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1486,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885665553,"gmtCreate":1631787562272,"gmtModify":1632806204432,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090653556002830","idStr":"4090653556002830"},"themes":[],"title":"","htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/885665553","repostId":"1102459937","repostType":4,"isVote":1,"tweetType":1,"viewCount":2451,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888710840,"gmtCreate":1631528279480,"gmtModify":1632807817965,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090653556002830","idStr":"4090653556002830"},"themes":[],"title":"Covered call for US Stocks?","htmlText":"I've 100 shares of SAVA, tried to do a covered call but keeps getting rejected. The reason given is insufficient margin or balance.This is very strange since the 100 shares I have will be the margin required.Anyone managed to do covered calls? Or have the same issue?","listText":"I've 100 shares of SAVA, tried to do a covered call but keeps getting rejected. The reason given is insufficient margin or balance.This is very strange since the 100 shares I have will be the margin required.Anyone managed to do covered calls? Or have the same issue?","text":"I've 100 shares of SAVA, tried to do a covered call but keeps getting rejected. The reason given is insufficient margin or balance.This is very strange since the 100 shares I have will be the margin required.Anyone managed to do covered calls? Or have the same issue?","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/888710840","isVote":1,"tweetType":1,"viewCount":2301,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815691744,"gmtCreate":1630672995388,"gmtModify":1632467688578,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090653556002830","idStr":"4090653556002830"},"themes":[],"title":"","htmlText":"Up or down?","listText":"Up or down?","text":"Up or down?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/815691744","repostId":"1136001031","repostType":4,"repost":{"id":"1136001031","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":1630672320,"share":"https://www.laohunote.com/m/news/1136001031?lang=zh_CN&edition=full","pubTime":"2021-09-03 20:32","market":"us","language":"en","title":"August nonfarm payrolls increase 235,000 vs. 720,000 estimate<blockquote>8 月份非农就业人数增加 235,000 人，而预期为 720,000 人</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1136001031","media":"Tiger Newspress","summary":"Job creation for August was a huge disappointment, with the economy adding just 235,000 positions, t","content":"<p>Job creation for August was a huge disappointment, with the economy adding just 235,000 positions, the Labor Department reported Friday.</p><p><blockquote>美国劳工部周五报告称，8 月份的就业创造令人非常失望，经济仅增加了 235,000 个就业岗位。</blockquote></p><p> Economists surveyed by Dow Jones had been looking for 720,000 new hires.</p><p><blockquote>道琼斯调查的经济学家一直在寻找72万名新员工。</blockquote></p><p> The unemployment rate dropped to 5.2% from 5.4%, in line with estimates.</p><p><blockquote>失业率从5.4%降至5.2%，符合预期。</blockquote></p><p> August’s total was the worst since January and comes with heightened fears of the pandemic and the impact that rising Covid cases could have on what has been so far a mostly robust recovery.</p><p><blockquote>8 月份的总数是自 1 月份以来最糟糕的，与此同时，人们对大流行病的担忧加剧，以及 Covid 病例的增加可能对迄今为止基本强劲的复苏产生的影响。</blockquote></p><p> Weekly jobless filings have fallen to their lowest levels since the early days of the pandemic in March 2020, but a large employment gap remains.</p><p><blockquote>每周申请失业救济人数已降至2020年3月疫情初期以来的最低水平，但巨大的就业缺口仍然存在。</blockquote></p><p> It’s not that there aren’t enough jobs out there: Placement firm Indeed estimates that there are about 10.5 million openings now, easily a record for the U.S. labor market.</p><p><blockquote>这并不是说没有足够的工作岗位： 据职业介绍公司 Indeed 估计，目前约有 1050 万个职位空缺，这很容易创下美国劳动力市场的纪录。</blockquote></p><p> Federal Reserve officials are watching the jobs numbers closely for clues as to whether they can start easing back some of the policy help they’ve been providing since the pandemic started.</p><p><blockquote>美联储官员正在密切关注就业数据，以寻找他们是否可以开始放松自大流行病开始以来一直提供的一些政策帮助的线索。</blockquote></p><p> In recent weeks, central bank leaders have expressed optimism about the employment picture but said they would need to see continued strength before changing course. At stake for now is the Fed’s massive monthly bond-buying program, which could start getting scaled back before the end of the year.</p><p><blockquote>最近几周，央行领导人对就业前景表示乐观，但表示他们需要看到就业持续走强才能改变方向。目前危在旦夕的是美联储每月大规模债券购买计划，该计划可能会在年底前开始缩减规模。</blockquote></p><p> However, if the jobs data gets softer that could prompt Fed officials to wait until 2022 before tightening.</p><p><blockquote>然而，如果就业数据变得疲软，可能会促使美联储官员等到 2022 年再收紧货币政策。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>August nonfarm payrolls increase 235,000 vs. 720,000 estimate<blockquote>8 月份非农就业人数增加 235,000 人，而预期为 720,000 人</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\">\nAugust nonfarm payrolls increase 235,000 vs. 720,000 estimate<blockquote>8 月份非农就业人数增加 235,000 人，而预期为 720,000 人</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-09-03 20:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Job creation for August was a huge disappointment, with the economy adding just 235,000 positions, the Labor Department reported Friday.</p><p><blockquote>美国劳工部周五报告称，8 月份的就业创造令人非常失望，经济仅增加了 235,000 个就业岗位。</blockquote></p><p> Economists surveyed by Dow Jones had been looking for 720,000 new hires.</p><p><blockquote>道琼斯调查的经济学家一直在寻找72万名新员工。</blockquote></p><p> The unemployment rate dropped to 5.2% from 5.4%, in line with estimates.</p><p><blockquote>失业率从5.4%降至5.2%，符合预期。</blockquote></p><p> August’s total was the worst since January and comes with heightened fears of the pandemic and the impact that rising Covid cases could have on what has been so far a mostly robust recovery.</p><p><blockquote>8 月份的总数是自 1 月份以来最糟糕的，与此同时，人们对大流行病的担忧加剧，以及 Covid 病例的增加可能对迄今为止基本强劲的复苏产生的影响。</blockquote></p><p> Weekly jobless filings have fallen to their lowest levels since the early days of the pandemic in March 2020, but a large employment gap remains.</p><p><blockquote>每周申请失业救济人数已降至2020年3月疫情初期以来的最低水平，但巨大的就业缺口仍然存在。</blockquote></p><p> It’s not that there aren’t enough jobs out there: Placement firm Indeed estimates that there are about 10.5 million openings now, easily a record for the U.S. labor market.</p><p><blockquote>这并不是说没有足够的工作岗位： 据职业介绍公司 Indeed 估计，目前约有 1050 万个职位空缺，这很容易创下美国劳动力市场的纪录。</blockquote></p><p> Federal Reserve officials are watching the jobs numbers closely for clues as to whether they can start easing back some of the policy help they’ve been providing since the pandemic started.</p><p><blockquote>美联储官员正在密切关注就业数据，以寻找他们是否可以开始放松自大流行病开始以来一直提供的一些政策帮助的线索。</blockquote></p><p> In recent weeks, central bank leaders have expressed optimism about the employment picture but said they would need to see continued strength before changing course. At stake for now is the Fed’s massive monthly bond-buying program, which could start getting scaled back before the end of the year.</p><p><blockquote>最近几周，央行领导人对就业前景表示乐观，但表示他们需要看到就业持续走强才能改变方向。目前危在旦夕的是美联储每月大规模债券购买计划，该计划可能会在年底前开始缩减规模。</blockquote></p><p> However, if the jobs data gets softer that could prompt Fed officials to wait until 2022 before tightening.</p><p><blockquote>然而，如果就业数据变得疲软，可能会促使美联储官员等到 2022 年再收紧货币政策。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136001031","content_text":"Job creation for August was a huge disappointment, with the economy adding just 235,000 positions, the Labor Department reported Friday.\nEconomists surveyed by Dow Jones had been looking for 720,000 new hires.\nThe unemployment rate dropped to 5.2% from 5.4%, in line with estimates.\nAugust’s total was the worst since January and comes with heightened fears of the pandemic and the impact that rising Covid cases could have on what has been so far a mostly robust recovery.\nWeekly jobless filings have fallen to their lowest levels since the early days of the pandemic in March 2020, but a large employment gap remains.\nIt’s not that there aren’t enough jobs out there: Placement firm Indeed estimates that there are about 10.5 million openings now, easily a record for the U.S. labor market.\nFederal Reserve officials are watching the jobs numbers closely for clues as to whether they can start easing back some of the policy help they’ve been providing since the pandemic started.\nIn recent weeks, central bank leaders have expressed optimism about the employment picture but said they would need to see continued strength before changing course. At stake for now is the Fed’s massive monthly bond-buying program, which could start getting scaled back before the end of the year.\nHowever, if the jobs data gets softer that could prompt Fed officials to wait until 2022 before tightening.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2104,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816355827,"gmtCreate":1630470527069,"gmtModify":1633677814130,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090653556002830","idStr":"4090653556002830"},"themes":[],"title":"","htmlText":"Go go go","listText":"Go go go","text":"Go go go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/816355827","repostId":"1121703403","repostType":4,"repost":{"id":"1121703403","kind":"news","pubTimestamp":1630468161,"share":"https://www.laohunote.com/m/news/1121703403?lang=zh_CN&edition=full","pubTime":"2021-09-01 11:49","market":"us","language":"en","title":"September Is the Stock Market’s Worst Month. History Says This Time Could Be Different.<blockquote>九月是股市最糟糕的月份。历史表明这一次可能会有所不同。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1121703403","media":"Barron's","summary":"The stock market usually performs poorly in September. This year could be different, precisely becau","content":"<p>The stock market usually performs poorly in September. This year could be different, precisely because shares have already risen so much for the year.</p><p><blockquote>九月份股市通常表现不佳。今年可能会有所不同，正是因为今年股价已经上涨了这么多。</blockquote></p><p> September is usually one of the worst months of the year for the stock market, but shares do better at times when they have already done well. Over the years dating back to 1928, the average September return for the S&amp;P 500 has been a loss of 0.99%. That makes the month far worse than May, which ranks second in providing gloom for investors with an average loss of 0.11%.</p><p><blockquote>九月通常是股市一年中最糟糕的月份之一，但当股票已经表现良好时，它们有时会表现得更好。自 1928 年以来，标普500 9 月份的平均回报率为 0.99%。这使得本月比 5 月份糟糕得多，5 月份的平均亏损为 0.11%，在给投资者带来悲观情绪方面排名第二。</blockquote></p><p> History indicates that September 2021 could be a good month for stocks. In the years since 1928 when the S&amp;P 500 rose by more than 13% for the first six months, the index’s median September gain was 1.4%, according to Fundstrat. Through June this year, the broad market benchmark rallied 14%.</p><p><blockquote>历史表明，2021 年 9 月可能是股市的好月份。根据 Fundstrat 的数据，自 1928 年以来，标普500指数在前六个月上涨了 13% 以上，9 月份该指数的涨幅中位数为 1.4%。截至今年 6 月，大盘基准指数上涨了 14%。</blockquote></p><p> The index rose in September in 63% of the years when the market charged ahead from January through June, while it fell during the month in 54% of the years during that overall span.</p><p><blockquote>在 1 月至 6 月市场领先的年份中，该指数有 63% 在 9 月份上涨，而在此期间，该指数有 54% 在当月下跌。</blockquote></p><p> The stock market’s recent rise has bolstered hopes the index will do well for the rest of the year. Strategists at Wells Fargo recently lifted their target for the S&amp;P 500 to a level that reflects more than 6% upside from the index’s current level. They say that in years in which the index sees double-digit gains in percentage terms for the first eight months, it rises another 8% to top off the year. The data goes back to 1990.</p><p><blockquote>最近股市的上涨增强了人们对该指数在今年剩余时间里表现良好的希望。富国银行（Wells Fargo）的策略师最近将标普500的目标上调至比该指数当前水平上涨 6% 以上的水平。他们表示，在该指数前八个月出现两位数百分比增长的年份，该指数还会再上涨 8%，以结束这一年。数据可以追溯到1990年。</blockquote></p><p> The index closed Thursday at 4522.68, ending August with a year-to-date gain of 20.4%.</p><p><blockquote>该指数周四收于4522.68点，8月份迄今上涨20.4%。</blockquote></p><p> Just be aware that the ride upward could be bumpy. The S&amp;P 500 hasn’t had a pullback of more than 5% this year. With several risks on the horizon, including a corporate-tax increase that could reduce aggregate S&amp;P 500 earnings per share by 5%, stocks could see a correction.</p><p><blockquote>请注意，向上的旅程可能会很颠簸。标普500今年的回调幅度没有超过 5%。由于一些风险即将到来，包括公司税增加可能导致标普500每股总收益减少 5%，股市可能会出现调整。</blockquote></p><p> “Markets are ‘overbought’ and due for a pullback,” writes Tom Lee, Fundstrat’s head of research. Just don’t be surprised to see the market gain some more.</p><p><blockquote>“Fundstrat 研究主管汤姆-李（Tom Lee）写道：”市场'超买'，即将回调。看到市场进一步上涨，请不要感到惊讶。</blockquote></p><p></p>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>September Is the Stock Market’s Worst Month. History Says This Time Could Be Different.<blockquote>九月是股市最糟糕的月份。历史表明这一次可能会有所不同。</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\">\nSeptember Is the Stock Market’s Worst Month. History Says This Time Could Be Different.<blockquote>九月是股市最糟糕的月份。历史表明这一次可能会有所不同。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-09-01 11:49</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The stock market usually performs poorly in September. This year could be different, precisely because shares have already risen so much for the year.</p><p><blockquote>九月份股市通常表现不佳。今年可能会有所不同，正是因为今年股价已经上涨了这么多。</blockquote></p><p> September is usually one of the worst months of the year for the stock market, but shares do better at times when they have already done well. Over the years dating back to 1928, the average September return for the S&amp;P 500 has been a loss of 0.99%. That makes the month far worse than May, which ranks second in providing gloom for investors with an average loss of 0.11%.</p><p><blockquote>九月通常是股市一年中最糟糕的月份之一，但当股票已经表现良好时，它们有时会表现得更好。自 1928 年以来，标普500 9 月份的平均回报率为 0.99%。这使得本月比 5 月份糟糕得多，5 月份的平均亏损为 0.11%，在给投资者带来悲观情绪方面排名第二。</blockquote></p><p> History indicates that September 2021 could be a good month for stocks. In the years since 1928 when the S&amp;P 500 rose by more than 13% for the first six months, the index’s median September gain was 1.4%, according to Fundstrat. Through June this year, the broad market benchmark rallied 14%.</p><p><blockquote>历史表明，2021 年 9 月可能是股市的好月份。根据 Fundstrat 的数据，自 1928 年以来，标普500指数在前六个月上涨了 13% 以上，9 月份该指数的涨幅中位数为 1.4%。截至今年 6 月，大盘基准指数上涨了 14%。</blockquote></p><p> The index rose in September in 63% of the years when the market charged ahead from January through June, while it fell during the month in 54% of the years during that overall span.</p><p><blockquote>在 1 月至 6 月市场领先的年份中，该指数有 63% 在 9 月份上涨，而在此期间，该指数有 54% 在当月下跌。</blockquote></p><p> The stock market’s recent rise has bolstered hopes the index will do well for the rest of the year. Strategists at Wells Fargo recently lifted their target for the S&amp;P 500 to a level that reflects more than 6% upside from the index’s current level. They say that in years in which the index sees double-digit gains in percentage terms for the first eight months, it rises another 8% to top off the year. The data goes back to 1990.</p><p><blockquote>最近股市的上涨增强了人们对该指数在今年剩余时间里表现良好的希望。富国银行（Wells Fargo）的策略师最近将标普500的目标上调至比该指数当前水平上涨 6% 以上的水平。他们表示，在该指数前八个月出现两位数百分比增长的年份，该指数还会再上涨 8%，以结束这一年。数据可以追溯到1990年。</blockquote></p><p> The index closed Thursday at 4522.68, ending August with a year-to-date gain of 20.4%.</p><p><blockquote>该指数周四收于4522.68点，8月份迄今上涨20.4%。</blockquote></p><p> Just be aware that the ride upward could be bumpy. The S&amp;P 500 hasn’t had a pullback of more than 5% this year. With several risks on the horizon, including a corporate-tax increase that could reduce aggregate S&amp;P 500 earnings per share by 5%, stocks could see a correction.</p><p><blockquote>请注意，向上的旅程可能会很颠簸。标普500今年的回调幅度没有超过 5%。由于一些风险即将到来，包括公司税增加可能导致标普500每股总收益减少 5%，股市可能会出现调整。</blockquote></p><p> “Markets are ‘overbought’ and due for a pullback,” writes Tom Lee, Fundstrat’s head of research. Just don’t be surprised to see the market gain some more.</p><p><blockquote>“Fundstrat 研究主管汤姆-李（Tom Lee）写道：”市场'超买'，即将回调。看到市场进一步上涨，请不要感到惊讶。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/september-stocks-what-happens-next-51630442637?mod=hp_LATEST\">Barron's</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF"},"source_url":"https://www.barrons.com/articles/september-stocks-what-happens-next-51630442637?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121703403","content_text":"The stock market usually performs poorly in September. This year could be different, precisely because shares have already risen so much for the year.\nSeptember is usually one of the worst months of the year for the stock market, but shares do better at times when they have already done well. Over the years dating back to 1928, the average September return for the S&P 500 has been a loss of 0.99%. That makes the month far worse than May, which ranks second in providing gloom for investors with an average loss of 0.11%.\nHistory indicates that September 2021 could be a good month for stocks. In the years since 1928 when the S&P 500 rose by more than 13% for the first six months, the index’s median September gain was 1.4%, according to Fundstrat. Through June this year, the broad market benchmark rallied 14%.\nThe index rose in September in 63% of the years when the market charged ahead from January through June, while it fell during the month in 54% of the years during that overall span.\nThe stock market’s recent rise has bolstered hopes the index will do well for the rest of the year. Strategists at Wells Fargo recently lifted their target for the S&P 500 to a level that reflects more than 6% upside from the index’s current level. They say that in years in which the index sees double-digit gains in percentage terms for the first eight months, it rises another 8% to top off the year. The data goes back to 1990.\nThe index closed Thursday at 4522.68, ending August with a year-to-date gain of 20.4%.\nJust be aware that the ride upward could be bumpy. The S&P 500 hasn’t had a pullback of more than 5% this year. With several risks on the horizon, including a corporate-tax increase that could reduce aggregate S&P 500 earnings per share by 5%, stocks could see a correction.\n“Markets are ‘overbought’ and due for a pullback,” writes Tom Lee, Fundstrat’s head of research. Just don’t be surprised to see the market gain some more.","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1784,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811967016,"gmtCreate":1630284706735,"gmtModify":1704957753754,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090653556002830","idStr":"4090653556002830"},"themes":[],"title":"","htmlText":"Go and like pls","listText":"Go and like pls","text":"Go and like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/811967016","repostId":"1193954217","repostType":4,"isVote":1,"tweetType":1,"viewCount":1747,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813897147,"gmtCreate":1630164974789,"gmtModify":1704956676659,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090653556002830","idStr":"4090653556002830"},"themes":[],"title":"","htmlText":"Like like pls pls","listText":"Like like pls pls","text":"Like like pls pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/813897147","repostId":"1184130616","repostType":4,"repost":{"id":"1184130616","kind":"news","pubTimestamp":1630111537,"share":"https://www.laohunote.com/m/news/1184130616?lang=zh_CN&edition=full","pubTime":"2021-08-28 08:45","market":"us","language":"en","title":"Wall Street Crime And Punishment: Bernard Ebbers And WorldCom's Seriously Wrong Numbers<blockquote>华尔街的犯罪与惩罚：伯纳德·埃伯斯和世通的严重错误数字</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184130616","media":"Benzinga","summary":"Does crime pay?\nAmong the mightiest of the high-profile corporate executives that dominated the head","content":"<p><div> Does crime pay? Among the mightiest of the high-profile corporate executives that dominated the headlines in the 1990s and early 2000s,Bernard Ebbersphysically stood out from his peers — the 6-foot-4 ...</p><p><blockquote><div>犯罪有报酬吗？在20世纪90年代和21世纪初占据头条新闻的知名企业高管中，伯纳德·埃伯在身高6英尺4英寸的同龄人中脱颖而出……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Crime And Punishment: Bernard Ebbers And WorldCom's Seriously Wrong Numbers<blockquote>华尔街的犯罪与惩罚：伯纳德·埃伯斯和世通的严重错误数字</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\">\nWall Street Crime And Punishment: Bernard Ebbers And WorldCom's Seriously Wrong Numbers<blockquote>华尔街的犯罪与惩罚：伯纳德·埃伯斯和世通的严重错误数字</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-08-28 08:45</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Does crime pay? Among the mightiest of the high-profile corporate executives that dominated the headlines in the 1990s and early 2000s,Bernard Ebbersphysically stood out from his peers — the 6-foot-4 ...</p><p><blockquote><div>犯罪有报酬吗？在20世纪90年代和21世纪初占据头条新闻的知名企业高管中，伯纳德·埃伯在身高6英尺4英寸的同龄人中脱颖而出……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HRB":"H&R布洛克税务"},"source_url":"https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184130616","content_text":"Does crime pay?\nAmong the mightiest of the high-profile corporate executives that dominated the headlines in the 1990s and early 2000s,Bernard Ebbersphysically stood out from his peers — the 6-foot-4 head of WorldCom was dubbed the “telecom cowboy” thanks to his sartorial preference for jeans, cowboy boots and a 10-gallon hat.\nEbbers also stood out from his peers for tightly holding on to Luddite practices as the digital age dawned. He famously refused to communicate with his workforce via email. Even worse, he stood out thanks to a prickly personality that quickly seethed when confronted with unpleasant news. A 2002 profile in The Economist defined him as “parochial, stubborn, preoccupied with penny-pinching … a difficult man to work for.”\nBut ultimately, Ebbers stood out for being at the center of what was (at the time) the largest accounting fraud in U.S. history, which was followed by the harshest prison sentence ever imposed on a corporate executive for financial crimes.\nA Man In Search Of Himself: Bernard John Ebbers was born Aug. 27, 1941, in Edmonton, Alberta, the second of five children. His father John was a traveling salesman and his peripatetic profession brought the family down from Canada into California, where he jettisoned his sales work and became an auto mechanic. The family later relocated to Gallup, New Mexico, where Ebbers’ parents became teachers on the Navajo Nation Indian reservation.\nThe Ebbers clan was back in Canada when Ebbers was a teenager and Bernie (as he was commonly known) came into adulthood unable to determine a course for his life. He attended Canada’s University of Alberta and Michigan’s Calvin College before accepting a basketball scholarship to Mississippi College. But he was the victim of a robbery prior to his senior year that left him seriously injured and switched his attention from playing to coaching the junior varsity team.\nEbbers graduated in 1967 majoring in physical education and minoring in secondary education. He supported himself during his college years by taking on a variety of odd jobs including a bouncer and milk delivery driver. He married his college sweetheart,Linda Pigott,after graduating and landed work teaching science to middle-school students while coaching high school basketball.\nBut Ebbers didn’t stay very long in the school system. When his wife received a job offer as a teacher in another Mississippi town, the couple relocated and he found work managing a garment factory warehouse. By 1974, he tired of working for others and responded to a newspaper advertisement seeking a buyer for a motel in Columbia, Mississippi.\nEbbers’ approach to running a hospitality establishment sometimes bordered on the eccentric. He would distribute bathroom towels at the front desk and require guests to return them to avoid being charged for taking them. Nonetheless, he found a niche in hospitality management and by the early 1980s he owned and operated eight motels within Mississippi and Texas; he also picked up a car dealership that also proved profitable.\nCalling Out Around The World:Ebbers might have remained in the Mississippi hospitality industry had it not been for the 1982 breakup ofAT&T Inc.'s T 0.41%monopoly on the U.S. telephone system. This created a seismic shift in the telecommunications world by enabling other companies to begin reselling long-distance telephone services.\nIn 1983, Ebbers and three friends met at a diner in Hattiesburg, Mississippi, to consider the feasibility of pursuing this newly opened opportunity. Ebbers theorized that having control of his long-distance calling services could benefit his motel business. In the days before mobile phones, guests in lodging establishments in need of long-distance calling would either have to feed handfuls of quarters into payphones or make calls from their rooms, which usually came with extra fees.\nEbbers and his pals decided to get into the telecommunications business with Long Distance Discount Services, which they established in 1985 with headquarters in Jackson, Mississippi, with Ebbers as CEO.\nCarl J. Aycock,a Mississippi financial advisor who was among the early investors in LDDS, would later laugh at the unlikelihood of Ebbers running a telecom company.\n“The only experience Bernie had before operating a long-distance company was he used the phone,” Aycock quipped in a 1997 interview.\nMaybe Ebbers did not possess an encyclopedic knowledge of telecommunications technology, but the good fortune he enjoyed in the motel business transitioned to this unlikely setting. Within four years of its launch, LDDS was being publicly traded.\nWithin 10 years of its opening, LDDS took on an almost Pac Man-style persona of gobbling up telecom firms in sight of the company, acquiring more than 60 different telecommunications company. By 1995, the company renamed itself LDDS WorldCom.\nMany of the company’s acquisitions were on the small side, and the company was never considered a major player in the telecom industry until its $720 million acquisition of Advanced Telecommunications Corporation in 1992.\nThe unlikely acquisition came with Ebbers’ ability to outbid industry titans AT&T and Sprint Corporation,both considerably larger players in this field.\nThe one unfortunate development during this time was the end of Ebbers’ marriage in 1997. He remarried in 1999 to Kristie Webb.\nIn February 1998, Ebbers’ company launched its acquisition plans for CompuServe from H&R Block Inc.\nThis transaction was followed by an astonishing spin of assets: LDDS sold the CompuServe Information Service portion of its acquisition toAmerica Online,while retaining the CompuServe Network Services portion of the business. AOL simultaneously sold LDDS WorldCom its networking division, Advanced Network Services.\nIn September 1998, LDDS WorldCom sealed a $37 billion union with MCI Communications,which created the largest corporate merger in U.S. history. The combined entity became MCI WorldCom, and for Ebbers it seemed that the sky was the limit — except that Ebbers’ ability to soar in the corporate skies resulted in an Icarus-worthy predicament.\nA Little Out Of Touch:One year after the CompuServe and MCI deals, Ebbers’ company boasted an 80,000-person workforce, a market capitalization of roughly $185 billion and its shares were trading at a peak of nearly $62.\nAt the peak of the company’s success, Ebbers granted an interview to The New York Times aboard his 130-yacht, which he berthed in the resort town of Hilton Head, South Carolina. He claimed that the secret of his success was “not as complicated as people make it out to be,” adding that he surrounded himself with experts who advised him on which moves to make.\n“I’m not an engineer by training,” he said. “I’m not an accountant by training. I’m the coach. I’m not the point guard who shoots the ball.”\nBut as the company grew larger, Ebbers penny-pinching behavior during his early motel management days became more extreme. WorldCom executives would later complain that Ebbers stopped providing free coffee within their offices and directed security guards fill the water coolers with tap water.\nAnd for the head of a telecommunications company, Ebbers was curiously distrustful of cutting-edge tech developments. He refused to communicate via email and would not carry a pager or a cell phone. He would explain his actions internally by repeating “That’s the way we did it at LDDS,” and in a 1997 Business Week interview about this behavior he claimed that “when you come to the table with a (physical education) degree like I do, you don't know a lot about the technical stuff.”\nWhile Ebbers’ arms-length distance from personal technology could have been attributed to a zany quirk, there was another problem that couldn’t be happily shrugged away. As the company expanded, operational problems began to permeate the multiple divisions. Ebbers would become impatient or worse when confronted with problems, to the point that he would angrily demand that he only wanted to be addressed with good news.\nIn retrospect, Ebbers’ refusal to acknowledge that his company was growing too fast and too large proved to be a fatal flaw, especially when the corporate culture began to manufacture good news in lieu of reporting problems. As a result, Ebbers’ XL-sized business empire was sustained by taking on massive amounts of debt and highly improper accounting.\nDetour Off The Cliff:The first cracks in this corporate story began in October 1999 when MCI WorldCom — which had become the second-largest long-distance telephone company in the country — announced a $129 billion merger with Sprint, the third-largest telecom carrier. Within nine months of this announcement, the merger was canceled in the face of pressure from U.S. and European regulators who feared a telecom monopoly would be born from this union. MCI WorldCom walked away from the failure by renaming itself as WorldCom.\nWith the rise of the new millennium came the fall of the dot-com industry, and almost any company that had a tech-related aspect found itself taking a financial tumble. When Ebbers’ company tried to cut corners and save money, it turned into an act of self-immolation.\nWorldcom’s network systems engineering division exhausted its annual capital expenditures budget by November 2000, with a senior manager ordering a halt to processing payments for network systems vendors and suppliers until the beginning of 2001.\nThe company’s chief technical officer,Fred Briggs,then ordered all of the labor associated with the capital projects in the network systems division to be booked as an expense rather than a capital project — and his directive was shared with other divisions in the company.\nA WorldCom budget analyst named Kim Amighin the company’s Richardson, Texas, office recognized the legal ramifications of intentionally mischaracterizing capital expenses and lodged a protest against the order. The directive was canceled and so was Amigh — three months after his action, Amigh was abruptly laid off from the company.\nBut Vice President of Internal Audit Cynthia Cooper learned of Amigh’s findings and picked up his trail. Her department began combing through WorldCom’s accounts and found $2 billion that the company claimed in its public filings was spent on capital expenditures during the first three quarters of 2001 — except that the funds were never authorized for that purpose and were clearly operating costs moved into the capital expenditure accounting as a way to make WorldCom look more profitable.\nCooper could not find anyone in the WorldCom leadership ranks to explain the $2 billion discrepancy. Most executives said it was a “prepaid capacity,” a meaningless term which they couldn’t define when pressed by Cooper.\nAnd Cooper was not alone in her suspicions. The U.S. Securities and Exchange Commission could not fathom how WorldCom continued to claim robust profits during the dot-com period while its competitors were operating at a loss, and it sent forth a “Request for Information” to learn the secret of its success.\nAdding to this chaos were Ebbers’ personal financial woes, which became exacerbated during to dot-com crisis by margin calls on his WorldCom shares, which were tanking as the economy plummeted into a recession.\nTo alleviate his monetary pain, Ebbers borrowed $50 million from WorldCom in September 2000 — and then borrowed again and again. By April 2002, Ebbers was $400 million in debt to WorldCom and the board of directors demanded his resignation, which he provided.\nIn June 2002, WorldCom acknowledged its earnings reports contained $3.9 billion in accounting misstatements, with the figure later adjusted to $11 billion. In July 2002, the company declared bankruptcy and was delisted from public trading. Also during that month, Ebbers was called before the U.S. House of Representatives Committee on Financial Services to explain what happened. He pleaded the Fifth Amendment.\nRoad’s End:The efforts to bring Ebbers to trial got off to a weird start when the State of Oklahoma jumped the gun with a 15-count indictment, only to drop its charges in favor of federal prosecution.\nEbbers was indicted in May 2004 on seven counts of filing false statements with securities regulators plus one count each of conspiracy and securities fraud. Ebbers agreed to testify on his behalf, which many observers later considered to be a major mistake because he came across as evasive and unconvincing when insisting WorldCom’s downfall was solely the fault of his subordinates and that he was ignorant about how his company worked.\n“I know what I don’t know,” Ebbers said during his trial. “To this day, I don’t know technology, and I don’t know finance or accounting.”\nEbbers was found guilty on all counts and was sentenced to 25 years in prison, the longest sentence ever handed down in U.S. history for a financial fraud case against a corporate executive.\nHe remained free on bail while fighting to overturn the verdict, but the conviction was upheld in the U.S. Court of Appeals for the Second Circuit in July 2006. Two months later, he drove himself in his luxury Mercedes-Benz to a low-security Louisiana prison to begin his sentence. Two years later, his wife Kristie successfully filed for divorce.\nAfter 13 years behind bars, Ebbers was granted a compassionate release on Dec. 21, 2019, due to a deteriorating state of health that included macular degeneration that left him legally blind, anemia, a weakened heart condition and the beginnings of dementia. He returned to his home in Brookhaven, Mississippi, and passed away on Feb. 2, 2020.\nIn defining his rise to the top, Ebbers harkened back to his basketball days by insisting, “The coach's job is to get the best players and get them to play together.” But in explaining his fall from grace, Ebbers forgot that the core of coaching is accepting responsibility for the team’s performance and he blamed his “best players” for not being able to “play together” while absolving himself from their errors.\nSaid Ebbers when confronted with his ultimate failure as the corporate equivalent of a coach: “I didn't have anything to apologize for.”","news_type":1,"symbols_score_info":{"HRB":0.9}},"isVote":1,"tweetType":1,"viewCount":1849,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813897398,"gmtCreate":1630164890514,"gmtModify":1704956676316,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090653556002830","idStr":"4090653556002830"},"themes":[],"title":"","htmlText":"What???","listText":"What???","text":"What???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/813897398","repostId":"2162358024","repostType":4,"isVote":1,"tweetType":1,"viewCount":2050,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819932866,"gmtCreate":1630026516855,"gmtModify":1704954773559,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090653556002830","idStr":"4090653556002830"},"themes":[],"title":"","htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/819932866","repostId":"2162847016","repostType":4,"isVote":1,"tweetType":1,"viewCount":3069,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810976676,"gmtCreate":1629942053195,"gmtModify":1633681289600,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090653556002830","idStr":"4090653556002830"},"themes":[],"title":"","htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/810976676","repostId":"1131461845","repostType":4,"isVote":1,"tweetType":1,"viewCount":1777,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":837895576,"gmtCreate":1629871276695,"gmtModify":1633681794498,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090653556002830","idStr":"4090653556002830"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/837895576","repostId":"1172771617","repostType":4,"repost":{"id":"1172771617","kind":"news","pubTimestamp":1629862424,"share":"https://www.laohunote.com/m/news/1172771617?lang=zh_CN&edition=full","pubTime":"2021-08-25 11:33","market":"us","language":"en","title":"Nasdaq hits 15,000 for first time ever. Is Dow 36,000 next?<blockquote>纳斯达克有史以来第一次达到15,000。下一个是道琼斯36000指数吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1172771617","media":"CNN","summary":"New York (CNN Business)It seems that nothing can stop the stock market. The bulls have assumed contr","content":"<p>New York (CNN Business)It seems that nothing can stop the stock market. The bulls have assumed control.</p><p><blockquote>纽约（CNN Business）似乎没有什么能阻止股市。多头已经控制了局面。</blockquote></p><p> The Nasdaq surpassed the 15,000 level for the first time ever Tuesday, rising 0.5% thanks to continued strength in tech stocks like Microsoft (MSFT), Nvidia (NVDA) and Google owner Alphabet (GOOGL).</p><p><blockquote>纳斯达克周二首次突破 15,000 点关口，上涨 0.5%，这得益于微软 (MSFT)、英伟达 (NVDA) 和谷歌母公司Alphabet (GOOGL) 等科技股的持续走强。</blockquote></p><p> It's been a stunning rise for the Nasdaq since stocks bottomed in late March 2020 from the brief Covid-induced selloff. According to research firm Bespoke Investment Group, this is the sixth time the Nasdaq has crossed a 1,000-point threshold since the pandemic began.</p><p><blockquote>自 2020 年 3 月下旬股市因新冠疫情引发的短暂抛售触底以来，纳斯达克股市的涨幅令人震惊。据研究公司 Bespoke Investment Group 称，这是自疫情开始以来纳斯达克第六次突破 1,000 点门槛。</blockquote></p><p> The S&amp;P 500 gained about 0.2% and also hit a new record high. It is not far from topping the 4,500 milestone.</p><p><blockquote>标普500上涨约0.2%，也创下历史新高。距离突破4500里程碑已经不远了。</blockquote></p><p> And then there's the Dow. The most famous Wall Street market barometer, home to Apple (AAPL), Coca-Cola (KO), Disney (DIS), Johnson &amp; Johnson (JNJ), Walmart (WMT) and 25 other American titans of industry, rose more than 30 points, or 0.1%, and is close to an all-time high, too.</p><p><blockquote>然后是道琼斯指数。最著名的华尔街市场晴雨表是苹果 (AAPL)、可口可乐 (KO)、迪士尼 (DIS)、强生 (JNJ)、沃尔玛 (WMT) 和其他 25 家美国行业巨头的所在地，上涨超过 30 点，即 0.1%，也接近历史新高。</blockquote></p><p> It's also approaching a notable milestone — one that's more than two decades in the making.</p><p><blockquote>它也正在接近一个显著的里程碑——一个酝酿了二十多年的里程碑。</blockquote></p><p> The Dow is currently a little more than 600 points away from hitting 36,000. It only needs to go up about 2% to get there.</p><p><blockquote>道琼斯指数目前距离触及 36,000 点还有 600 多点。它只需要上涨大约2%就可以到达那里。</blockquote></p><p> <h3>Why is that number significant?</h3> It's the prediction made by journalist James Glassman and economist Kevin Hassett, who later went on to fame as a senior White House economic adviser to President Trump.</p><p><blockquote><h3>为什么这个数字很重要？</h3>这是记者詹姆斯·格拉斯曼（James Glassman）和经济学家凯文·哈塞特（Kevin Hassett）做出的预测，他们后来作为特朗普总统的白宫高级经济顾问而声名鹊起。</blockquote></p><p> The Dow was hovering just above 10,000 in October 1999 when their book, \"Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market\" was published. The Dow peaked just above 11,400 by early 2000. Hassett and Glassman predicted that the Dow could hit 36,000 as soon as 2005.</p><p><blockquote>1999年10月，当他们的书《道琼斯36,000点：从股市即将上涨中获利的新策略》出版时，道琼斯指数徘徊在10,000点上方。2000年初，道琼斯指数达到11,400点上方的峰值。哈塞特和格拉斯曼预测，道琼斯指数最早可能在2005年达到36000点。</blockquote></p><p> That didn't happen. Stocks plummeted in the final months of 2000 as the dot-com bubble burst. The market tumbled again after the 9/11 terrorist attacks led to a recession.</p><p><blockquote>那并没有发生。随着互联网泡沫的破裂，股市在2000年的最后几个月暴跌。911恐怖袭击导致经济衰退后，市场再次暴跌。</blockquote></p><p> Investor sentiment was further depressed by significant accounting scandals at Enron, Worldcom and Tyco, who were all once considered market leaders. The Dow hit a low of around 7,200 in 2002.</p><p><blockquote>曾经被认为是市场领导者的安然、世通和泰科的重大会计丑闻进一步抑制了投资者情绪。道琼斯指数在2002年触及7200点左右的低点。</blockquote></p><p> Stocks didn't get back to pre-bubble levels until 2006, and it wasn't long after that the market peaked again in October 2007 as the housing market started to unravel.</p><p><blockquote>股市直到2006年才回到泡沫前的水平，此后不久，随着房地产市场开始瓦解，市场在2007年10月再次达到顶峰。</blockquote></p><p> That ultimately led to the 2008 implosion of Lehman Brothers and the Great Recession. The Dow slid to 6,470 by March 2009 before bottoming.</p><p><blockquote>这最终导致了2008年雷曼兄弟的内爆和大衰退。到2009年3月，道琼斯指数跌至6470点，然后触底。</blockquote></p><p> So if the Dow keeps climbing and finally fulfills the Glassman/Hassett prophecy, we guess that 36K is better late than never.</p><p><blockquote>因此，如果道琼斯指数继续攀升并最终实现格拉斯曼/哈塞特预言，我们猜测36K迟到总比不到好。</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>Nasdaq hits 15,000 for first time ever. Is Dow 36,000 next?<blockquote>纳斯达克有史以来第一次达到15,000。下一个是道琼斯36000指数吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq hits 15,000 for first time ever. Is Dow 36,000 next?<blockquote>纳斯达克有史以来第一次达到15,000。下一个是道琼斯36000指数吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN</strong><span class=\"h-time small\">2021-08-25 11:33</span>\n</p>\n</h4>\n</header>\n<article>\n<p>New York (CNN Business)It seems that nothing can stop the stock market. The bulls have assumed control.</p><p><blockquote>纽约（CNN Business）似乎没有什么能阻止股市。多头已经控制了局面。</blockquote></p><p> The Nasdaq surpassed the 15,000 level for the first time ever Tuesday, rising 0.5% thanks to continued strength in tech stocks like Microsoft (MSFT), Nvidia (NVDA) and Google owner Alphabet (GOOGL).</p><p><blockquote>纳斯达克周二首次突破 15,000 点关口，上涨 0.5%，这得益于微软 (MSFT)、英伟达 (NVDA) 和谷歌母公司Alphabet (GOOGL) 等科技股的持续走强。</blockquote></p><p> It's been a stunning rise for the Nasdaq since stocks bottomed in late March 2020 from the brief Covid-induced selloff. According to research firm Bespoke Investment Group, this is the sixth time the Nasdaq has crossed a 1,000-point threshold since the pandemic began.</p><p><blockquote>自 2020 年 3 月下旬股市因新冠疫情引发的短暂抛售触底以来，纳斯达克股市的涨幅令人震惊。据研究公司 Bespoke Investment Group 称，这是自疫情开始以来纳斯达克第六次突破 1,000 点门槛。</blockquote></p><p> The S&amp;P 500 gained about 0.2% and also hit a new record high. It is not far from topping the 4,500 milestone.</p><p><blockquote>标普500上涨约0.2%，也创下历史新高。距离突破4500里程碑已经不远了。</blockquote></p><p> And then there's the Dow. The most famous Wall Street market barometer, home to Apple (AAPL), Coca-Cola (KO), Disney (DIS), Johnson &amp; Johnson (JNJ), Walmart (WMT) and 25 other American titans of industry, rose more than 30 points, or 0.1%, and is close to an all-time high, too.</p><p><blockquote>然后是道琼斯指数。最著名的华尔街市场晴雨表是苹果 (AAPL)、可口可乐 (KO)、迪士尼 (DIS)、强生 (JNJ)、沃尔玛 (WMT) 和其他 25 家美国行业巨头的所在地，上涨超过 30 点，即 0.1%，也接近历史新高。</blockquote></p><p> It's also approaching a notable milestone — one that's more than two decades in the making.</p><p><blockquote>它也正在接近一个显著的里程碑——一个酝酿了二十多年的里程碑。</blockquote></p><p> The Dow is currently a little more than 600 points away from hitting 36,000. It only needs to go up about 2% to get there.</p><p><blockquote>道琼斯指数目前距离触及 36,000 点还有 600 多点。它只需要上涨大约2%就可以到达那里。</blockquote></p><p> <h3>Why is that number significant?</h3> It's the prediction made by journalist James Glassman and economist Kevin Hassett, who later went on to fame as a senior White House economic adviser to President Trump.</p><p><blockquote><h3>为什么这个数字很重要？</h3>这是记者詹姆斯·格拉斯曼（James Glassman）和经济学家凯文·哈塞特（Kevin Hassett）做出的预测，他们后来作为特朗普总统的白宫高级经济顾问而声名鹊起。</blockquote></p><p> The Dow was hovering just above 10,000 in October 1999 when their book, \"Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market\" was published. The Dow peaked just above 11,400 by early 2000. Hassett and Glassman predicted that the Dow could hit 36,000 as soon as 2005.</p><p><blockquote>1999年10月，当他们的书《道琼斯36,000点：从股市即将上涨中获利的新策略》出版时，道琼斯指数徘徊在10,000点上方。2000年初，道琼斯指数达到11,400点上方的峰值。哈塞特和格拉斯曼预测，道琼斯指数最早可能在2005年达到36000点。</blockquote></p><p> That didn't happen. Stocks plummeted in the final months of 2000 as the dot-com bubble burst. The market tumbled again after the 9/11 terrorist attacks led to a recession.</p><p><blockquote>那并没有发生。随着互联网泡沫的破裂，股市在2000年的最后几个月暴跌。911恐怖袭击导致经济衰退后，市场再次暴跌。</blockquote></p><p> Investor sentiment was further depressed by significant accounting scandals at Enron, Worldcom and Tyco, who were all once considered market leaders. The Dow hit a low of around 7,200 in 2002.</p><p><blockquote>曾经被认为是市场领导者的安然、世通和泰科的重大会计丑闻进一步抑制了投资者情绪。道琼斯指数在2002年触及7200点左右的低点。</blockquote></p><p> Stocks didn't get back to pre-bubble levels until 2006, and it wasn't long after that the market peaked again in October 2007 as the housing market started to unravel.</p><p><blockquote>股市直到2006年才回到泡沫前的水平，此后不久，随着房地产市场开始瓦解，市场在2007年10月再次达到顶峰。</blockquote></p><p> That ultimately led to the 2008 implosion of Lehman Brothers and the Great Recession. The Dow slid to 6,470 by March 2009 before bottoming.</p><p><blockquote>这最终导致了2008年雷曼兄弟的内爆和大衰退。到2009年3月，道琼斯指数跌至6470点，然后触底。</blockquote></p><p> So if the Dow keeps climbing and finally fulfills the Glassman/Hassett prophecy, we guess that 36K is better late than never.</p><p><blockquote>因此，如果道琼斯指数继续攀升并最终实现格拉斯曼/哈塞特预言，我们猜测36K迟到总比不到好。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/08/24/investing/stock-market-today-nasdaq-sp500-dow/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"},"source_url":"https://edition.cnn.com/2021/08/24/investing/stock-market-today-nasdaq-sp500-dow/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172771617","content_text":"New York (CNN Business)It seems that nothing can stop the stock market. The bulls have assumed control.\nThe Nasdaq surpassed the 15,000 level for the first time ever Tuesday, rising 0.5% thanks to continued strength in tech stocks like Microsoft (MSFT), Nvidia (NVDA) and Google owner Alphabet (GOOGL).\nIt's been a stunning rise for the Nasdaq since stocks bottomed in late March 2020 from the brief Covid-induced selloff. According to research firm Bespoke Investment Group, this is the sixth time the Nasdaq has crossed a 1,000-point threshold since the pandemic began.\nThe S&P 500 gained about 0.2% and also hit a new record high. It is not far from topping the 4,500 milestone.\nAnd then there's the Dow. The most famous Wall Street market barometer, home to Apple (AAPL), Coca-Cola (KO), Disney (DIS), Johnson & Johnson (JNJ), Walmart (WMT) and 25 other American titans of industry, rose more than 30 points, or 0.1%, and is close to an all-time high, too.\nIt's also approaching a notable milestone — one that's more than two decades in the making.\nThe Dow is currently a little more than 600 points away from hitting 36,000. It only needs to go up about 2% to get there.\nWhy is that number significant?\nIt's the prediction made by journalist James Glassman and economist Kevin Hassett, who later went on to fame as a senior White House economic adviser to President Trump.\nThe Dow was hovering just above 10,000 in October 1999 when their book, \"Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market\" was published. The Dow peaked just above 11,400 by early 2000. Hassett and Glassman predicted that the Dow could hit 36,000 as soon as 2005.\nThat didn't happen. Stocks plummeted in the final months of 2000 as the dot-com bubble burst. The market tumbled again after the 9/11 terrorist attacks led to a recession.\nInvestor sentiment was further depressed by significant accounting scandals at Enron, Worldcom and Tyco, who were all once considered market leaders. The Dow hit a low of around 7,200 in 2002.\nStocks didn't get back to pre-bubble levels until 2006, and it wasn't long after that the market peaked again in October 2007 as the housing market started to unravel.\nThat ultimately led to the 2008 implosion of Lehman Brothers and the Great Recession. The Dow slid to 6,470 by March 2009 before bottoming.\nSo if the Dow keeps climbing and finally fulfills the Glassman/Hassett prophecy, we guess that 36K is better late than never.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":697,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":834039699,"gmtCreate":1629761400011,"gmtModify":1633682713047,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090653556002830","idStr":"4090653556002830"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/834039699","repostId":"2161562770","repostType":4,"isVote":1,"tweetType":1,"viewCount":526,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":835944489,"gmtCreate":1629685576541,"gmtModify":1633683207064,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090653556002830","idStr":"4090653556002830"},"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/835944489","repostId":"1105963953","repostType":4,"isVote":1,"tweetType":1,"viewCount":653,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":835945507,"gmtCreate":1629685548509,"gmtModify":1633683207748,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090653556002830","idStr":"4090653556002830"},"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/835945507","repostId":"1105963953","repostType":4,"isVote":1,"tweetType":1,"viewCount":514,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836753321,"gmtCreate":1629527504863,"gmtModify":1633684170158,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090653556002830","idStr":"4090653556002830"},"themes":[],"title":"","htmlText":"Up up","listText":"Up up","text":"Up up","images":[{"img":"https://static.tigerbbs.com/8e2edabf0507ab67a60d0c261f23f983","width":"720","height":"2083"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/836753321","isVote":1,"tweetType":1,"viewCount":656,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":836759071,"gmtCreate":1629527399393,"gmtModify":1633684170603,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090653556002830","idStr":"4090653556002830"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/836759071","repostId":"2161149745","repostType":4,"isVote":1,"tweetType":1,"viewCount":856,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836767506,"gmtCreate":1629526171505,"gmtModify":1633684178877,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090653556002830","idStr":"4090653556002830"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/836767506","repostId":"1151608193","repostType":4,"repost":{"id":"1151608193","kind":"news","pubTimestamp":1629728324,"share":"https://www.laohunote.com/m/news/1151608193?lang=zh_CN&edition=full","pubTime":"2021-08-23 22:18","market":"us","language":"en","title":"Buy the pullback in chip stocks — and focus on these 6 companies for the long haul<blockquote>买入芯片股的回调——长期关注这 6 家公司</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1151608193","media":"MarketWatch","summary":"The iShares Semiconductor ETF is down over 6% from recent highs.\nISTOCKPHOTO\nIn the rolling correcti","content":"<p><b>The iShares Semiconductor ETF is down over 6% from recent highs.</b></p><p><blockquote><b>iShares 半导体 ETF 较近期高点下跌超过 6%。</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b24e4a76a5d1cd0ff030cf1b0eeac0f\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>ISTOCKPHOTO</span></p><p><blockquote><p class=\"t-img-caption\"><span>ISTOCKPHOTO</span></p></blockquote></p><p> In the rolling correction that’s running through the stock market, chip makers have been hit harder than most.</p><p><blockquote>在股市的滚动调整中，芯片制造商受到的打击比大多数制造商都要大。</blockquote></p><p> The iShares Semiconductor ETF&nbsp;is down over 6% from recent highs, compared to declines of 2% or less for the S&amp;P 500,Nasdaq&nbsp;Composite&nbsp;and the Dow Jones Industrial Average.</p><p><blockquote>iShares 半导体 ETF 较近期高点下跌超过 6%，而标准普尔 500 指数、纳斯达克综合指数和道琼斯工业平均指数的跌幅为 2% 或更少。</blockquote></p><p> Does that make chip stocks a buy? Or is this historically cyclical sector up to its old tricks and headed into a sustained downtrend that will rip your face off.</p><p><blockquote>这是否意味着芯片股票值得买入？或者，这个历史上具有周期性的行业是否故技重施，陷入持续下跌趋势，让你大吃一惊。</blockquote></p><p> A lot depends on your timeline but if you like to own stocks for years rather than rent them for days, the group is a buy. The chief reason: “It’s different this time.”</p><p><blockquote>很大程度上取决于您的时间表，但如果您喜欢持有股票多年，而不是租用几天，那么该集团值得购买。主要原因： “这次不一样”。</blockquote></p><p> Those are admittedly among the scariest words in investing. But the chip sector has changed so much it really is different now – in ways that suggest it is less likely to crush you.</p><p><blockquote>这些无疑是投资中最可怕的词语之一。但芯片行业已经发生了很大的变化，现在确实不同了——这表明它不太可能压垮你。</blockquote></p><p> You’d be a fool to think there are no risks. I’ll go over those. But first, here are the three main reasons why the group is “safer” now – and six names favored by the half-dozen sector experts I’ve talked with over the past several days.</p><p><blockquote>如果你认为没有风险，那你就是个傻瓜。我会回顾一下这些。但首先，以下是该集团现在 “更安全 ”的三个主要原因--以及我在过去几天里与六位行业专家交谈过的六位行业专家青睐的六个名字。</blockquote></p><p> <b>1. The wicked witch of cyclicality is dead</b></p><p><blockquote><b>1.周期性的邪恶女巫死了</b></blockquote></p><p> “Demand in the chip sector was always boom and bust, driven by product cycles,” says David Winborne, a portfolio manager at Impax Asset Management. “<a href=\"https://laohu8.com/S/FBNC\">First</a> PCs, then servers, then phones.” But now demand for chips has broadened across the economy so the secular growth story is more predictable, he says.</p><p><blockquote>“Impax Asset Management 的投资组合经理 David Winborne 说：”受产品周期的驱动，芯片行业的需求总是时好时坏。“<a href=\"https://laohu8.com/S/FBNC\">第一</a>电脑，然后是服务器，然后是电话。”但他表示，现在整个经济对芯片的需求已经扩大，因此长期增长故事更可预测。</blockquote></p><p> <a href=\"https://laohu8.com/S/JE\">Just</a> look around you. Because of the increased “digitalization” of our lives and work, there’s greater diversity of end market demand from all angles. Think remote office services like <a href=\"https://laohu8.com/S/ZM\">Zoom</a>, online shopping, cloud services, electric vehicles, 5G phones, smart factories, big data computing and even washing machines, points out Hendi Susanto, a portfolio manager and tech analyst at Gabelli Funds who is bullish on the group.</p><p><blockquote><a href=\"https://laohu8.com/S/JE\">刚刚</a>看看你周围。由于我们的生活和工作日益 “数字化 ”，终端市场需求从各个角度都更加多样化。把远程办公服务想象成<a href=\"https://laohu8.com/S/ZM\">缩放</a>看好该集团的 Gabelli Funds 投资组合经理兼技术分析师 Hendi Susanto 指出，网上购物、云服务、电动汽车、5G 手机、智能工厂、大数据计算甚至洗衣机。</blockquote></p><p> “There is no aspect of the modern digital economy that can function without semiconductors,” says Motley Fool chip sector analyst John Rotonti. “That means more chips going into everything. The long-term demand is there.”</p><p><blockquote>“Motley Fool 芯片行业分析师 John Rotonti 说：”现代数字经济的任何方面都离不开半导体。“这意味着所有东西都有更多的筹码。长期需求是存在的”。</blockquote></p><p> He’s not kidding. Chip sector revenue will double by 2030 to $1 trillion from $465 billion in 2020, predicts William&nbsp;Blair&nbsp;analyst Greg Scolaro.</p><p><blockquote>他没开玩笑。威廉·布莱尔分析师格雷格·斯科拉罗预测，到2030年，芯片行业的收入将从2020年的4650亿美元翻一番，达到1万亿美元。</blockquote></p><p> All of this means the widespread supply shortages you’ve been hearing about “likely won’t be cured until sometime late next year,” says <a href=\"https://laohu8.com/S/BAC\">Bank of America</a> chip sector analyst Vivek Arya. “That’s not just our view, but <a href=\"https://laohu8.com/S/AONE.U\">one</a> confirmed by a majority of large customers.”</p><p><blockquote>所有这些都意味着，你听到的大范围供应短缺 “可能要到明年年底的某个时候才能得到解决”。<a href=\"https://laohu8.com/S/BAC\">美国银行</a>芯片行业分析师 Vivek Arya。“这不仅是我们的观点，而且<a href=\"https://laohu8.com/S/AONE.U\">一</a>大多数大客户都证实了这一点。”</blockquote></p><p> <b>2. The players have consolidated</b></p><p><blockquote><b>2、玩家巩固</b></blockquote></p><p> All up and down the production chain, from design through the various types of equipment producers to manufacturing, industry players have consolidated down into what Rotonti calls “earned” duopolies or monopolies.</p><p><blockquote>在生产链的上下游，从设计到各类设备生产商再到制造，行业参与者已经整合成罗通蒂-评级 “赢得 ”的双头垄断或垄断。</blockquote></p><p> In chip design software, you have Cadence Design Systems&nbsp;and Synopsys.In production equipment, companies dominate specialized niches like ASML&nbsp;in extreme ultraviolet lithography&nbsp;(EUV). Manufacturing is dominated by Taiwan Semiconductor&nbsp;and Samsung Electronics.</p><p><blockquote>在芯片设计软件中，你有Cadence Design Systems和Synopsys。在生产设备方面，公司在极紫外光刻 (EUV) 等专业领域占据主导地位，例如 ASML。制造业由台积电和三星电子主导。</blockquote></p><p> These companies earned their niche or duopoly status by being the best at what they do. This makes them interesting for investors. The consolidation also means players behave more rationally in terms of pricing and production capacity, says Rotonti.</p><p><blockquote>这些公司通过在他们所做的事情上做到最好，赢得了他们的利基或双寡头地位。这使得投资者对它们感兴趣。Rotonti 表示，整合还意味着参与者在定价和产能方面的行为更加理性。</blockquote></p><p> <b>3. Profitability has improved</b></p><p><blockquote><b>3、盈利能力有所改善</b></blockquote></p><p> This more rational behavior, combined with cost cutting, means profitability is now much higher than it was historically. “The economics of chip making has improved massively over past few years,” says Winbourne. Cash flow or EBITDA margins are often now over 30% whereas a decade ago they were in the 20% range.</p><p><blockquote>这种更加理性的行为，加上成本削减，意味着现在的盈利能力比历史上高得多。“温伯恩说：”在过去的几年里，芯片制造的经济性有了很大的改善。现金流或 EBITDA 利润率现在通常超过 30%，而十年前则在 20% 左右。</blockquote></p><p> This has implications for valuation. Though chip stocks trade at about a market multiple, they appear cheap because they are better companies, points out Lamar Villere, portfolio manager with Villere &amp; Co. “They are not trading at a frothy multiple.”</p><p><blockquote>这对估值有影响。Villere &amp; Co. 的投资组合经理拉马尔·维莱尔 (Lamar Villere) 指出，尽管芯片股票的交易市盈率约为市盈率，但它们看起来很便宜，因为它们是更好的公司。“他们并没有以泡沫倍数进行交易”。</blockquote></p><p> <b>The stocks to buy</b></p><p><blockquote><b>要买的股票</b></blockquote></p><p> Here are six names favored by chip experts I recently checked in with.</p><p><blockquote>以下是我最近核实的芯片专家青睐的六个名字。</blockquote></p><p> <b>New management plays</b></p><p><blockquote><b>新管理层玩法</b></blockquote></p><p> Though Peter Karazeris, a senior equity research analyst at Thrivent, has reasons to be cautious on the group (see below), he singles out two companies whose performance may get a boost because they are under new management: Qualcomm&nbsp;and ON Semiconductor.</p><p><blockquote>尽管 Thrivent 高级股票研究分析师彼得·卡拉泽里斯 (Peter Karazeris) 有理由对该集团持谨慎态度（见下文），但他特别指出了两家公司的业绩可能会因为新管理层而得到提振：高通和安森美半导体。</blockquote></p><p></p><p> Both have solid profitability. Qualcomm was recently hit by one-off issues like bad weather in Texas that disrupted production, but the company has good exposure to the 5G phone trend. <a href=\"https://laohu8.com/S/ON\">ON Semiconductor</a> is expanding beyond phones into new areas like autos, industrial and the Internet of Things connected-device space.</p><p><blockquote>两者都具有稳定的盈利能力。高通最近受到德克萨斯州恶劣天气等一次性问题的打击，导致生产中断，但该公司对5G手机趋势有很好的了解。<a href=\"https://laohu8.com/S/ON\">半导体</a>正在将手机以外的领域扩展到汽车、工业和物联网等新领域——联网设备领域。</blockquote></p><p> <b>A data center and gaming play</b></p><p><blockquote><b>数据中心和游戏</b></blockquote></p><p> Karazeris also singles out Nvidia,which gets a continuing boost from its exposure to data center and gaming device chip demand — because of its superior design prowess.</p><p><blockquote>Karazeris 还特别提到了 Nvidia， 由于其卓越的设计能力， Nvidia 从数据中心和游戏设备芯片需求中获得了持续提振。</blockquote></p><p> <b>Design tool companies</b></p><p><blockquote><b>设计工具公司</b></blockquote></p><p> Speaking of design, when companies like Qualcomm and NVIDIA want to design chips, they turn to the design tools supplied by Cadence Design Systems and <a href=\"https://laohu8.com/S/SNPS\">Synopsys</a>.</p><p><blockquote>说到设计，当高通和英伟达等公司想要设计芯片时，他们会求助于Cadence Design Systems提供的设计工具和<a href=\"https://laohu8.com/S/SNPS\">概要</a>.</blockquote></p><p> Their software-based design tools help chip innovators create the blueprint for their chips, explains Rotonti at Motley Fool, who singles out these names. “They are not the fastest growers in the world, but they have good profit margins.” They also dominate the space.</p><p><blockquote>Motley Fool 的 Rotonti 解释说，他们基于软件的设计工具可以帮助芯片创新者为他们的芯片创建蓝图，他特别指出了这些名字。“他们不是世界上增长最快的公司，但他们的利润率很高”。他们也主宰了太空。</blockquote></p><p> <b>An EUV&nbsp;play</b></p><p><blockquote><b>EUV游戏</b></blockquote></p><p> To put those blueprints onto silicon in the early stages of chip production, companies like Taiwan Semiconductor and Samsung turn to ASML. Its machines use tiny bursts of light to stencil chip designs onto silicon wafers, in a process called extreme ultraviolet lithography. “No one else has figured out how to do it,” says Rotonti.</p><p><blockquote>为了在芯片生产的早期阶段将这些蓝图应用到硅上，台积电和三星等公司转向了ASML。它的机器使用微小的光脉冲将芯片设计模板印在硅片上，这一过程称为极紫外线光刻。“罗通蒂说：”其他人还没有想出怎么做。</blockquote></p><p> In other words, it has a monopoly position in supplying machines that do this – which are necessary for any company that wants to make leading edge chips.</p><p><blockquote>换句话说，它在供应这样做的机器方面拥有垄断地位——这对于任何想要制造领先芯片的公司来说都是必要的。</blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> Here are some of the chief risks for chip sector investors to watch.</p><p><blockquote>以下是芯片行业投资者需要关注的一些主要风险。</blockquote></p><p> <b>Oversupply</b></p><p><blockquote><b>供过于求</b></blockquote></p><p> Chip production has become politicized. The U.S. wants more production at home so it is not vulnerable to disruptions in Chinese supply chains. <a href=\"https://laohu8.com/S/CAAS\">China</a> wants to make 70% of the chips it uses by 2025, up from 5% now, says Winborne.</p><p><blockquote>芯片生产已经政治化。美国希望在国内生产更多，这样它就不会受到中国供应链中断的影响。<a href=\"https://laohu8.com/S/CAAS\">中国</a>Winborne 表示，希望到 2025 年生产其使用的芯片的 70%，高于目前的 5%。</blockquote></p><p> The upshot here is that there’s lots of government support to boost manufacturing – so there will be much more of it. The risk is oversupply at some point in the future. This might also create a pull forward in chip equipment purchases — leading to a lull down the road which could hurt sales and margin trends at equipment makers.</p><p><blockquote>结果是，政府为促进制造业提供了大量支持，因此会有更多支持。风险是未来某个时候供应过剩。这也可能会推动芯片设备的采购，导致未来的平静，这可能会损害设备制造商的销售和利润率趋势。</blockquote></p><p> Next, big tech companies like Alphabet,Apple&nbsp;and Ammazon.com&nbsp;are all doing their own chip design, which threatens specialized chip companies that do the same thing.</p><p><blockquote>接下来，像Alphabet、苹果和亚马逊这样的大型科技公司都在做自己的芯片设计，这威胁到了做同样事情的专业芯片公司。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/QTM\">Quantum</a> computing</b></p><p><blockquote><b><a href=\"https://laohu8.com/S/QTM\">量子的</a>计算机的</b></blockquote></p><p> Computers using chip designs based on quantum physics instead of traditional semiconductor architectures have superior performance, points out Scolaro at William Blair. “While it probably won’t become mainstream for at least another five years, quantum computing has the potential to transform everything from technology to healthcare.”</p><p><blockquote>William Blair 的 Scolaro 指出，使用基于量子物理学的芯片设计而不是传统半导体架构的计算机具有卓越的性能。“虽然量子计算可能至少在未来五年内不会成为主流，但它有潜力改变从技术到医疗保健的一切。”</blockquote></p><p> <b>A disturbing signal</b></p><p><blockquote><b>干扰信号</b></blockquote></p><p> A blend of global purchasing managers (PMI) indexes peaked in April and then decelerated for three months. Meanwhile chip sales growth continued. Normally the two follow the same trend, points out Karazeris, who tracks this indicator at Thrivent. He chalks the divergence up to inventory building which is less sustainable than true end-market demand. So, he takes the divergence as a bearish signal for the chip sector.</p><p><blockquote>全球采购经理人 (PMI) 指数在 4 月份达到峰值，然后连续三个月放缓。与此同时，芯片销售持续增长。Thrivent 跟踪该指标的 Karazeris 指出，通常两者遵循相同的趋势。他将这种差异归因于库存积累，而库存积累不如真正的终端市场需求可持续。因此，他认为这种背离是芯片行业的看跌信号。</blockquote></p><p> Another cautionary sign comes from the forecasted weakness in pricing for dynamic random-access memory&nbsp;(DRAM) chips. “These are typically things you see at tops of cycles not the bottoms,” says Karazeris.</p><p><blockquote>另一个警告信号来自动态随机存取存储器（DRAM）芯片定价的预测疲软。“卡拉泽里斯说：”这些通常是在周期的顶部而不是底部看到的东西。</blockquote></p><p> But it’s also possible the slowdown in the global PMI is more a reflection of chip shortages than a sign that the shortages aren’t real (and are just inventory building). “The divergence doesn’t necessarily mean that chip orders are going to roll over and die. It means chip manufacturing has to catch up,” says Leuthold economist and strategist Jim Paulsen.</p><p><blockquote>但也有可能全球采购经理人指数的放缓更多的是芯片短缺的反映，而不是短缺并非真实存在的迹象（只是库存积压）。“Leuthold 经济学家兼策略师吉姆-保尔森（Jim Paulsen）说：”这种分歧并不一定意味着芯片订单会翻盘消亡。这意味着芯片制造业必须迎头赶上。</blockquote></p><p> Ford,for example, just announced it had to curtail production because of chip shortages, not a shortfall in underlying demand.</p><p><blockquote>例如，福特刚刚宣布不得不减产是因为芯片短缺，而不是潜在需求不足。</blockquote></p><p> Paulsen predicts decent economic growth is sustainable because of factors like high savings rates, the rebound in employment and incomes as well as pent-up demand for big ticket items. If he’s right, the continued economic strength would support demand for all the products that use chips – including <a href=\"https://laohu8.com/S/F\">Ford</a> cars.</p><p><blockquote>保尔森预测，由于高储蓄率、就业和收入反弹以及对大件商品被压抑的需求等因素，体面的经济增长是可持续的。如果他是对的，持续的经济实力将支撑对所有使用芯片的产品的需求，包括<a href=\"https://laohu8.com/S/F\">福特</a>汽车。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy the pullback in chip stocks — and focus on these 6 companies for the long haul<blockquote>买入芯片股的回调——长期关注这 6 家公司</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\">\nBuy the pullback in chip stocks — and focus on these 6 companies for the long haul<blockquote>买入芯片股的回调——长期关注这 6 家公司</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-23 22:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>The iShares Semiconductor ETF is down over 6% from recent highs.</b></p><p><blockquote><b>iShares 半导体 ETF 较近期高点下跌超过 6%。</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b24e4a76a5d1cd0ff030cf1b0eeac0f\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>ISTOCKPHOTO</span></p><p><blockquote><p class=\"t-img-caption\"><span>ISTOCKPHOTO</span></p></blockquote></p><p> In the rolling correction that’s running through the stock market, chip makers have been hit harder than most.</p><p><blockquote>在股市的滚动调整中，芯片制造商受到的打击比大多数制造商都要大。</blockquote></p><p> The iShares Semiconductor ETF&nbsp;is down over 6% from recent highs, compared to declines of 2% or less for the S&amp;P 500,Nasdaq&nbsp;Composite&nbsp;and the Dow Jones Industrial Average.</p><p><blockquote>iShares 半导体 ETF 较近期高点下跌超过 6%，而标准普尔 500 指数、纳斯达克综合指数和道琼斯工业平均指数的跌幅为 2% 或更少。</blockquote></p><p> Does that make chip stocks a buy? Or is this historically cyclical sector up to its old tricks and headed into a sustained downtrend that will rip your face off.</p><p><blockquote>这是否意味着芯片股票值得买入？或者，这个历史上具有周期性的行业是否故技重施，陷入持续下跌趋势，让你大吃一惊。</blockquote></p><p> A lot depends on your timeline but if you like to own stocks for years rather than rent them for days, the group is a buy. The chief reason: “It’s different this time.”</p><p><blockquote>很大程度上取决于您的时间表，但如果您喜欢持有股票多年，而不是租用几天，那么该集团值得购买。主要原因： “这次不一样”。</blockquote></p><p> Those are admittedly among the scariest words in investing. But the chip sector has changed so much it really is different now – in ways that suggest it is less likely to crush you.</p><p><blockquote>这些无疑是投资中最可怕的词语之一。但芯片行业已经发生了很大的变化，现在确实不同了——这表明它不太可能压垮你。</blockquote></p><p> You’d be a fool to think there are no risks. I’ll go over those. But first, here are the three main reasons why the group is “safer” now – and six names favored by the half-dozen sector experts I’ve talked with over the past several days.</p><p><blockquote>如果你认为没有风险，那你就是个傻瓜。我会回顾一下这些。但首先，以下是该集团现在 “更安全 ”的三个主要原因--以及我在过去几天里与六位行业专家交谈过的六位行业专家青睐的六个名字。</blockquote></p><p> <b>1. The wicked witch of cyclicality is dead</b></p><p><blockquote><b>1.周期性的邪恶女巫死了</b></blockquote></p><p> “Demand in the chip sector was always boom and bust, driven by product cycles,” says David Winborne, a portfolio manager at Impax Asset Management. “<a href=\"https://laohu8.com/S/FBNC\">First</a> PCs, then servers, then phones.” But now demand for chips has broadened across the economy so the secular growth story is more predictable, he says.</p><p><blockquote>“Impax Asset Management 的投资组合经理 David Winborne 说：”受产品周期的驱动，芯片行业的需求总是时好时坏。“<a href=\"https://laohu8.com/S/FBNC\">第一</a>电脑，然后是服务器，然后是电话。”但他表示，现在整个经济对芯片的需求已经扩大，因此长期增长故事更可预测。</blockquote></p><p> <a href=\"https://laohu8.com/S/JE\">Just</a> look around you. Because of the increased “digitalization” of our lives and work, there’s greater diversity of end market demand from all angles. Think remote office services like <a href=\"https://laohu8.com/S/ZM\">Zoom</a>, online shopping, cloud services, electric vehicles, 5G phones, smart factories, big data computing and even washing machines, points out Hendi Susanto, a portfolio manager and tech analyst at Gabelli Funds who is bullish on the group.</p><p><blockquote><a href=\"https://laohu8.com/S/JE\">刚刚</a>看看你周围。由于我们的生活和工作日益 “数字化 ”，终端市场需求从各个角度都更加多样化。把远程办公服务想象成<a href=\"https://laohu8.com/S/ZM\">缩放</a>看好该集团的 Gabelli Funds 投资组合经理兼技术分析师 Hendi Susanto 指出，网上购物、云服务、电动汽车、5G 手机、智能工厂、大数据计算甚至洗衣机。</blockquote></p><p> “There is no aspect of the modern digital economy that can function without semiconductors,” says Motley Fool chip sector analyst John Rotonti. “That means more chips going into everything. The long-term demand is there.”</p><p><blockquote>“Motley Fool 芯片行业分析师 John Rotonti 说：”现代数字经济的任何方面都离不开半导体。“这意味着所有东西都有更多的筹码。长期需求是存在的”。</blockquote></p><p> He’s not kidding. Chip sector revenue will double by 2030 to $1 trillion from $465 billion in 2020, predicts William&nbsp;Blair&nbsp;analyst Greg Scolaro.</p><p><blockquote>他没开玩笑。威廉·布莱尔分析师格雷格·斯科拉罗预测，到2030年，芯片行业的收入将从2020年的4650亿美元翻一番，达到1万亿美元。</blockquote></p><p> All of this means the widespread supply shortages you’ve been hearing about “likely won’t be cured until sometime late next year,” says <a href=\"https://laohu8.com/S/BAC\">Bank of America</a> chip sector analyst Vivek Arya. “That’s not just our view, but <a href=\"https://laohu8.com/S/AONE.U\">one</a> confirmed by a majority of large customers.”</p><p><blockquote>所有这些都意味着，你听到的大范围供应短缺 “可能要到明年年底的某个时候才能得到解决”。<a href=\"https://laohu8.com/S/BAC\">美国银行</a>芯片行业分析师 Vivek Arya。“这不仅是我们的观点，而且<a href=\"https://laohu8.com/S/AONE.U\">一</a>大多数大客户都证实了这一点。”</blockquote></p><p> <b>2. The players have consolidated</b></p><p><blockquote><b>2、玩家巩固</b></blockquote></p><p> All up and down the production chain, from design through the various types of equipment producers to manufacturing, industry players have consolidated down into what Rotonti calls “earned” duopolies or monopolies.</p><p><blockquote>在生产链的上下游，从设计到各类设备生产商再到制造，行业参与者已经整合成罗通蒂-评级 “赢得 ”的双头垄断或垄断。</blockquote></p><p> In chip design software, you have Cadence Design Systems&nbsp;and Synopsys.In production equipment, companies dominate specialized niches like ASML&nbsp;in extreme ultraviolet lithography&nbsp;(EUV). Manufacturing is dominated by Taiwan Semiconductor&nbsp;and Samsung Electronics.</p><p><blockquote>在芯片设计软件中，你有Cadence Design Systems和Synopsys。在生产设备方面，公司在极紫外光刻 (EUV) 等专业领域占据主导地位，例如 ASML。制造业由台积电和三星电子主导。</blockquote></p><p> These companies earned their niche or duopoly status by being the best at what they do. This makes them interesting for investors. The consolidation also means players behave more rationally in terms of pricing and production capacity, says Rotonti.</p><p><blockquote>这些公司通过在他们所做的事情上做到最好，赢得了他们的利基或双寡头地位。这使得投资者对它们感兴趣。Rotonti 表示，整合还意味着参与者在定价和产能方面的行为更加理性。</blockquote></p><p> <b>3. Profitability has improved</b></p><p><blockquote><b>3、盈利能力有所改善</b></blockquote></p><p> This more rational behavior, combined with cost cutting, means profitability is now much higher than it was historically. “The economics of chip making has improved massively over past few years,” says Winbourne. Cash flow or EBITDA margins are often now over 30% whereas a decade ago they were in the 20% range.</p><p><blockquote>这种更加理性的行为，加上成本削减，意味着现在的盈利能力比历史上高得多。“温伯恩说：”在过去的几年里，芯片制造的经济性有了很大的改善。现金流或 EBITDA 利润率现在通常超过 30%，而十年前则在 20% 左右。</blockquote></p><p> This has implications for valuation. Though chip stocks trade at about a market multiple, they appear cheap because they are better companies, points out Lamar Villere, portfolio manager with Villere &amp; Co. “They are not trading at a frothy multiple.”</p><p><blockquote>这对估值有影响。Villere &amp; Co. 的投资组合经理拉马尔·维莱尔 (Lamar Villere) 指出，尽管芯片股票的交易市盈率约为市盈率，但它们看起来很便宜，因为它们是更好的公司。“他们并没有以泡沫倍数进行交易”。</blockquote></p><p> <b>The stocks to buy</b></p><p><blockquote><b>要买的股票</b></blockquote></p><p> Here are six names favored by chip experts I recently checked in with.</p><p><blockquote>以下是我最近核实的芯片专家青睐的六个名字。</blockquote></p><p> <b>New management plays</b></p><p><blockquote><b>新管理层玩法</b></blockquote></p><p> Though Peter Karazeris, a senior equity research analyst at Thrivent, has reasons to be cautious on the group (see below), he singles out two companies whose performance may get a boost because they are under new management: Qualcomm&nbsp;and ON Semiconductor.</p><p><blockquote>尽管 Thrivent 高级股票研究分析师彼得·卡拉泽里斯 (Peter Karazeris) 有理由对该集团持谨慎态度（见下文），但他特别指出了两家公司的业绩可能会因为新管理层而得到提振：高通和安森美半导体。</blockquote></p><p></p><p> Both have solid profitability. Qualcomm was recently hit by one-off issues like bad weather in Texas that disrupted production, but the company has good exposure to the 5G phone trend. <a href=\"https://laohu8.com/S/ON\">ON Semiconductor</a> is expanding beyond phones into new areas like autos, industrial and the Internet of Things connected-device space.</p><p><blockquote>两者都具有稳定的盈利能力。高通最近受到德克萨斯州恶劣天气等一次性问题的打击，导致生产中断，但该公司对5G手机趋势有很好的了解。<a href=\"https://laohu8.com/S/ON\">半导体</a>正在将手机以外的领域扩展到汽车、工业和物联网等新领域——联网设备领域。</blockquote></p><p> <b>A data center and gaming play</b></p><p><blockquote><b>数据中心和游戏</b></blockquote></p><p> Karazeris also singles out Nvidia,which gets a continuing boost from its exposure to data center and gaming device chip demand — because of its superior design prowess.</p><p><blockquote>Karazeris 还特别提到了 Nvidia， 由于其卓越的设计能力， Nvidia 从数据中心和游戏设备芯片需求中获得了持续提振。</blockquote></p><p> <b>Design tool companies</b></p><p><blockquote><b>设计工具公司</b></blockquote></p><p> Speaking of design, when companies like Qualcomm and NVIDIA want to design chips, they turn to the design tools supplied by Cadence Design Systems and <a href=\"https://laohu8.com/S/SNPS\">Synopsys</a>.</p><p><blockquote>说到设计，当高通和英伟达等公司想要设计芯片时，他们会求助于Cadence Design Systems提供的设计工具和<a href=\"https://laohu8.com/S/SNPS\">概要</a>.</blockquote></p><p> Their software-based design tools help chip innovators create the blueprint for their chips, explains Rotonti at Motley Fool, who singles out these names. “They are not the fastest growers in the world, but they have good profit margins.” They also dominate the space.</p><p><blockquote>Motley Fool 的 Rotonti 解释说，他们基于软件的设计工具可以帮助芯片创新者为他们的芯片创建蓝图，他特别指出了这些名字。“他们不是世界上增长最快的公司，但他们的利润率很高”。他们也主宰了太空。</blockquote></p><p> <b>An EUV&nbsp;play</b></p><p><blockquote><b>EUV游戏</b></blockquote></p><p> To put those blueprints onto silicon in the early stages of chip production, companies like Taiwan Semiconductor and Samsung turn to ASML. Its machines use tiny bursts of light to stencil chip designs onto silicon wafers, in a process called extreme ultraviolet lithography. “No one else has figured out how to do it,” says Rotonti.</p><p><blockquote>为了在芯片生产的早期阶段将这些蓝图应用到硅上，台积电和三星等公司转向了ASML。它的机器使用微小的光脉冲将芯片设计模板印在硅片上，这一过程称为极紫外线光刻。“罗通蒂说：”其他人还没有想出怎么做。</blockquote></p><p> In other words, it has a monopoly position in supplying machines that do this – which are necessary for any company that wants to make leading edge chips.</p><p><blockquote>换句话说，它在供应这样做的机器方面拥有垄断地位——这对于任何想要制造领先芯片的公司来说都是必要的。</blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> Here are some of the chief risks for chip sector investors to watch.</p><p><blockquote>以下是芯片行业投资者需要关注的一些主要风险。</blockquote></p><p> <b>Oversupply</b></p><p><blockquote><b>供过于求</b></blockquote></p><p> Chip production has become politicized. The U.S. wants more production at home so it is not vulnerable to disruptions in Chinese supply chains. <a href=\"https://laohu8.com/S/CAAS\">China</a> wants to make 70% of the chips it uses by 2025, up from 5% now, says Winborne.</p><p><blockquote>芯片生产已经政治化。美国希望在国内生产更多，这样它就不会受到中国供应链中断的影响。<a href=\"https://laohu8.com/S/CAAS\">中国</a>Winborne 表示，希望到 2025 年生产其使用的芯片的 70%，高于目前的 5%。</blockquote></p><p> The upshot here is that there’s lots of government support to boost manufacturing – so there will be much more of it. The risk is oversupply at some point in the future. This might also create a pull forward in chip equipment purchases — leading to a lull down the road which could hurt sales and margin trends at equipment makers.</p><p><blockquote>结果是，政府为促进制造业提供了大量支持，因此会有更多支持。风险是未来某个时候供应过剩。这也可能会推动芯片设备的采购，导致未来的平静，这可能会损害设备制造商的销售和利润率趋势。</blockquote></p><p> Next, big tech companies like Alphabet,Apple&nbsp;and Ammazon.com&nbsp;are all doing their own chip design, which threatens specialized chip companies that do the same thing.</p><p><blockquote>接下来，像Alphabet、苹果和亚马逊这样的大型科技公司都在做自己的芯片设计，这威胁到了做同样事情的专业芯片公司。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/QTM\">Quantum</a> computing</b></p><p><blockquote><b><a href=\"https://laohu8.com/S/QTM\">量子的</a>计算机的</b></blockquote></p><p> Computers using chip designs based on quantum physics instead of traditional semiconductor architectures have superior performance, points out Scolaro at William Blair. “While it probably won’t become mainstream for at least another five years, quantum computing has the potential to transform everything from technology to healthcare.”</p><p><blockquote>William Blair 的 Scolaro 指出，使用基于量子物理学的芯片设计而不是传统半导体架构的计算机具有卓越的性能。“虽然量子计算可能至少在未来五年内不会成为主流，但它有潜力改变从技术到医疗保健的一切。”</blockquote></p><p> <b>A disturbing signal</b></p><p><blockquote><b>干扰信号</b></blockquote></p><p> A blend of global purchasing managers (PMI) indexes peaked in April and then decelerated for three months. Meanwhile chip sales growth continued. Normally the two follow the same trend, points out Karazeris, who tracks this indicator at Thrivent. He chalks the divergence up to inventory building which is less sustainable than true end-market demand. So, he takes the divergence as a bearish signal for the chip sector.</p><p><blockquote>全球采购经理人 (PMI) 指数在 4 月份达到峰值，然后连续三个月放缓。与此同时，芯片销售持续增长。Thrivent 跟踪该指标的 Karazeris 指出，通常两者遵循相同的趋势。他将这种差异归因于库存积累，而库存积累不如真正的终端市场需求可持续。因此，他认为这种背离是芯片行业的看跌信号。</blockquote></p><p> Another cautionary sign comes from the forecasted weakness in pricing for dynamic random-access memory&nbsp;(DRAM) chips. “These are typically things you see at tops of cycles not the bottoms,” says Karazeris.</p><p><blockquote>另一个警告信号来自动态随机存取存储器（DRAM）芯片定价的预测疲软。“卡拉泽里斯说：”这些通常是在周期的顶部而不是底部看到的东西。</blockquote></p><p> But it’s also possible the slowdown in the global PMI is more a reflection of chip shortages than a sign that the shortages aren’t real (and are just inventory building). “The divergence doesn’t necessarily mean that chip orders are going to roll over and die. It means chip manufacturing has to catch up,” says Leuthold economist and strategist Jim Paulsen.</p><p><blockquote>但也有可能全球采购经理人指数的放缓更多的是芯片短缺的反映，而不是短缺并非真实存在的迹象（只是库存积压）。“Leuthold 经济学家兼策略师吉姆-保尔森（Jim Paulsen）说：”这种分歧并不一定意味着芯片订单会翻盘消亡。这意味着芯片制造业必须迎头赶上。</blockquote></p><p> Ford,for example, just announced it had to curtail production because of chip shortages, not a shortfall in underlying demand.</p><p><blockquote>例如，福特刚刚宣布不得不减产是因为芯片短缺，而不是潜在需求不足。</blockquote></p><p> Paulsen predicts decent economic growth is sustainable because of factors like high savings rates, the rebound in employment and incomes as well as pent-up demand for big ticket items. If he’s right, the continued economic strength would support demand for all the products that use chips – including <a href=\"https://laohu8.com/S/F\">Ford</a> cars.</p><p><blockquote>保尔森预测，由于高储蓄率、就业和收入反弹以及对大件商品被压抑的需求等因素，体面的经济增长是可持续的。如果他是对的，持续的经济实力将支撑对所有使用芯片的产品的需求，包括<a href=\"https://laohu8.com/S/F\">福特</a>汽车。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/buy-the-pullback-in-chip-stocks-and-focus-on-these-6-companies-for-the-long-haul-11629468380?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QCOM":"高通","GOOGL":"谷歌A","ON":"安森美半导体","SSNLF":"三星电子","TSM":"台积电","SNPS":"新思科技","ASML":"阿斯麦","CDNS":"铿腾电子","SOXX":"iShares费城交易所半导体ETF","AMZN":"亚马逊","NVDA":"英伟达","GOOG":"谷歌","AAPL":"苹果"},"source_url":"https://www.marketwatch.com/story/buy-the-pullback-in-chip-stocks-and-focus-on-these-6-companies-for-the-long-haul-11629468380?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151608193","content_text":"The iShares Semiconductor ETF is down over 6% from recent highs.\nISTOCKPHOTO\nIn the rolling correction that’s running through the stock market, chip makers have been hit harder than most.\nThe iShares Semiconductor ETF is down over 6% from recent highs, compared to declines of 2% or less for the S&P 500,Nasdaq Composite and the Dow Jones Industrial Average.\nDoes that make chip stocks a buy? Or is this historically cyclical sector up to its old tricks and headed into a sustained downtrend that will rip your face off.\nA lot depends on your timeline but if you like to own stocks for years rather than rent them for days, the group is a buy. The chief reason: “It’s different this time.”\nThose are admittedly among the scariest words in investing. But the chip sector has changed so much it really is different now – in ways that suggest it is less likely to crush you.\nYou’d be a fool to think there are no risks. I’ll go over those. But first, here are the three main reasons why the group is “safer” now – and six names favored by the half-dozen sector experts I’ve talked with over the past several days.\n1. The wicked witch of cyclicality is dead\n“Demand in the chip sector was always boom and bust, driven by product cycles,” says David Winborne, a portfolio manager at Impax Asset Management. “First PCs, then servers, then phones.” But now demand for chips has broadened across the economy so the secular growth story is more predictable, he says.\nJust look around you. Because of the increased “digitalization” of our lives and work, there’s greater diversity of end market demand from all angles. Think remote office services like Zoom, online shopping, cloud services, electric vehicles, 5G phones, smart factories, big data computing and even washing machines, points out Hendi Susanto, a portfolio manager and tech analyst at Gabelli Funds who is bullish on the group.\n“There is no aspect of the modern digital economy that can function without semiconductors,” says Motley Fool chip sector analyst John Rotonti. “That means more chips going into everything. The long-term demand is there.”\nHe’s not kidding. Chip sector revenue will double by 2030 to $1 trillion from $465 billion in 2020, predicts William Blair analyst Greg Scolaro.\nAll of this means the widespread supply shortages you’ve been hearing about “likely won’t be cured until sometime late next year,” says Bank of America chip sector analyst Vivek Arya. “That’s not just our view, but one confirmed by a majority of large customers.”\n2. The players have consolidated\nAll up and down the production chain, from design through the various types of equipment producers to manufacturing, industry players have consolidated down into what Rotonti calls “earned” duopolies or monopolies.\nIn chip design software, you have Cadence Design Systems and Synopsys.In production equipment, companies dominate specialized niches like ASML in extreme ultraviolet lithography (EUV). Manufacturing is dominated by Taiwan Semiconductor and Samsung Electronics.\nThese companies earned their niche or duopoly status by being the best at what they do. This makes them interesting for investors. The consolidation also means players behave more rationally in terms of pricing and production capacity, says Rotonti.\n3. Profitability has improved\nThis more rational behavior, combined with cost cutting, means profitability is now much higher than it was historically. “The economics of chip making has improved massively over past few years,” says Winbourne. Cash flow or EBITDA margins are often now over 30% whereas a decade ago they were in the 20% range.\nThis has implications for valuation. Though chip stocks trade at about a market multiple, they appear cheap because they are better companies, points out Lamar Villere, portfolio manager with Villere & Co. “They are not trading at a frothy multiple.”\nThe stocks to buy\nHere are six names favored by chip experts I recently checked in with.\nNew management plays\nThough Peter Karazeris, a senior equity research analyst at Thrivent, has reasons to be cautious on the group (see below), he singles out two companies whose performance may get a boost because they are under new management: Qualcomm and ON Semiconductor.\nBoth have solid profitability. Qualcomm was recently hit by one-off issues like bad weather in Texas that disrupted production, but the company has good exposure to the 5G phone trend. ON Semiconductor is expanding beyond phones into new areas like autos, industrial and the Internet of Things connected-device space.\nA data center and gaming play\nKarazeris also singles out Nvidia,which gets a continuing boost from its exposure to data center and gaming device chip demand — because of its superior design prowess.\nDesign tool companies\nSpeaking of design, when companies like Qualcomm and NVIDIA want to design chips, they turn to the design tools supplied by Cadence Design Systems and Synopsys.\nTheir software-based design tools help chip innovators create the blueprint for their chips, explains Rotonti at Motley Fool, who singles out these names. “They are not the fastest growers in the world, but they have good profit margins.” They also dominate the space.\nAn EUV play\nTo put those blueprints onto silicon in the early stages of chip production, companies like Taiwan Semiconductor and Samsung turn to ASML. Its machines use tiny bursts of light to stencil chip designs onto silicon wafers, in a process called extreme ultraviolet lithography. “No one else has figured out how to do it,” says Rotonti.\nIn other words, it has a monopoly position in supplying machines that do this – which are necessary for any company that wants to make leading edge chips.\nRisks\nHere are some of the chief risks for chip sector investors to watch.\nOversupply\nChip production has become politicized. The U.S. wants more production at home so it is not vulnerable to disruptions in Chinese supply chains. China wants to make 70% of the chips it uses by 2025, up from 5% now, says Winborne.\nThe upshot here is that there’s lots of government support to boost manufacturing – so there will be much more of it. The risk is oversupply at some point in the future. This might also create a pull forward in chip equipment purchases — leading to a lull down the road which could hurt sales and margin trends at equipment makers.\nNext, big tech companies like Alphabet,Apple and Ammazon.com are all doing their own chip design, which threatens specialized chip companies that do the same thing.\nQuantum computing\nComputers using chip designs based on quantum physics instead of traditional semiconductor architectures have superior performance, points out Scolaro at William Blair. “While it probably won’t become mainstream for at least another five years, quantum computing has the potential to transform everything from technology to healthcare.”\nA disturbing signal\nA blend of global purchasing managers (PMI) indexes peaked in April and then decelerated for three months. Meanwhile chip sales growth continued. Normally the two follow the same trend, points out Karazeris, who tracks this indicator at Thrivent. He chalks the divergence up to inventory building which is less sustainable than true end-market demand. So, he takes the divergence as a bearish signal for the chip sector.\nAnother cautionary sign comes from the forecasted weakness in pricing for dynamic random-access memory (DRAM) chips. “These are typically things you see at tops of cycles not the bottoms,” says Karazeris.\nBut it’s also possible the slowdown in the global PMI is more a reflection of chip shortages than a sign that the shortages aren’t real (and are just inventory building). “The divergence doesn’t necessarily mean that chip orders are going to roll over and die. It means chip manufacturing has to catch up,” says Leuthold economist and strategist Jim Paulsen.\nFord,for example, just announced it had to curtail production because of chip shortages, not a shortfall in underlying demand.\nPaulsen predicts decent economic growth is sustainable because of factors like high savings rates, the rebound in employment and incomes as well as pent-up demand for big ticket items. If he’s right, the continued economic strength would support demand for all the products that use chips – including Ford cars.","news_type":1,"symbols_score_info":{"TSM":0.9,"SSNLF":0.9,"SNPS":0.9,"NVDA":0.9,"AAPL":0.9,"QCOM":0.9,"ON":0.9,"CDNS":0.9,"GOOGL":0.9,"SOXX":0.9,"AMZN":0.9,"ASML":0.9,"GOOG":0.9}},"isVote":1,"tweetType":1,"viewCount":490,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836002211,"gmtCreate":1629434173633,"gmtModify":1633684842929,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090653556002830","idStr":"4090653556002830"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/836002211","repostId":"1174275574","repostType":4,"repost":{"id":"1174275574","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":1629431932,"share":"https://www.laohunote.com/m/news/1174275574?lang=zh_CN&edition=full","pubTime":"2021-08-20 11:58","market":"us","language":"en","title":"The \"Journal Account\" of US Stock（2021-8-19)<blockquote>美股“日记账”（2021-8-19）</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1174275574","media":"Tiger Newspress","summary":"Market overview\nAffected by the tightening of loose monetary policy by the Federal Reserve and the c","content":"<p><b>Market overview</b></p><p><blockquote><b>市场概况</b></blockquote></p><p> Affected by the tightening of loose monetary policy by the Federal Reserve and the continuous increase of&nbsp;cases in COVID-19, US stocks mixed, oil prices and copper prices fell, and the US dollar hit a nine-month high. NVIDIA Corp, Macy's and Robinhood released quarterly reports, with chip stocks rising, NVIDIA Corp up 3.98%, Macy's up 19.59% and Robinhood down 10.26%.</p><p><blockquote>受美联储收紧宽松货币政策和新冠肺炎病例持续增加影响，美股涨跌互现，油价和铜价下跌，美元触及九个月高点。英伟达公司、梅西百货和罗宾汉发布季报，芯片股上涨，英伟达公司上涨3.98%，梅西百货上涨19.59%，罗宾汉下跌10.26%。</blockquote></p><p> China Stocks continued to be under pressure, and American investors continued to reduce their position of China Stocks. According to the latest survey conducted by Bank of America, about 11% of the respondents believe that shorting Chinese stocks is the most crowded transaction, second only to long American technology stocks and long ESG. Since&nbsp;Hangzhou has the first official second-hand housing trading platform, with KE Holdings Inc. falling 14.86%, Alibaba falling 6.85%, JD.com falling 5.10% and Baidu falling 3.94%.</p><p><blockquote>中国股票继续承压，美国投资者继续减持中国股票。美国银行最新调查显示，约11%的受访者认为做空中国股票是最拥挤的交易，仅次于做多美国科技股和做多ESG。自杭州市拥有首个官方二手房交易平台以来，科创控股跌14.86%，阿里巴巴-SW跌6.85%，京东跌5.10%，百度跌3.94%。</blockquote></p><p> <b>Three senators were diagnosed</b></p><p><blockquote><b>三名参议员确诊</b></blockquote></p><p> Today, the third senator announced that he had been diagnosed in COVID-19, and there was a breakthrough case after injecting COVID-19 vaccine. The confirmed senators include Senator Angus King, 77, from Maine, Senator Roger Wicker, 70, from Mississippi, and Senator John Hickenlooper, 69, from Colorado. Earlier, Texas Governor Abbott announced that he had been diagnosed with Novel Coronavirus, and was reported to be the 11th governor diagnosed with COVID-19 in the United States. According to Bloomberg News, the number of hospitalized deaths in the United States is close to the peak in February.</p><p><blockquote>今天，第三位参议员宣布确诊新冠肺炎，注射新冠疫苗后出现突破性病例。确认的参议员包括来自缅因州的77岁参议员安格斯·金、来自密西西比州的70岁参议员罗杰·威克和来自科罗拉多州的69岁参议员约翰·希肯卢珀。此前，得州州长阿博特宣布确诊感染新型冠状病毒，据悉是美国第11位确诊感染新冠肺炎的州长。据彭博新闻社报道，美国住院死亡人数接近2月份的峰值。</blockquote></p><p> At present, there are 140,893 newly diagnosed cases in the United States in a single day, an increase of 47% compared with the average value 14 days ago; 809 new deaths were added in a single day, an increase of 97% compared with the average value 14 days ago; The number of new inpatients in a single day was 85,118, an increase of 56% compared with the average value 14 days ago.</p><p><blockquote>目前，美国单日新增确诊病例140893例，较14天前平均值增加47%；单日新增死亡病例809例，较14天前平均值增加97%；单日新增住院人数为85118人，与14天前的平均值相比增加了56%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ab33f66c26f6474bb043c8d42563dade\" tg-width=\"624\" tg-height=\"278\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The Biden administration said on Wednesday that in order to take measures to combat the rising cases of COVID-19, it called for the third shot for all adults who have been vaccinated with two doses of COVID-19 vaccine from September this year. At the same time, the Biden administration also indicated that it would require nursing homes to vaccinate their employees with COVID-19 vaccine, otherwise they would lose medical insurance and Medicaid funds. Biden signed a memorandum instructing the U.S. Department of Education to take all measures to ensure that students can safely return to school in the fall, including ensuring that students wear masks when returning to school.</p><p><blockquote>拜登政府周三表示，为了采取措施应对不断上升的新冠肺炎病例，呼吁从今年9月开始，为所有接种过两剂新冠肺炎疫苗的成年人注射第三针。同时，拜登政府还表示，将要求养老院为员工接种新冠疫苗，否则将失去医疗保险和医疗补助资金。拜登签署备忘录，指示美国。教育部将采取一切措施确保学生能够在秋季安全返校，包括确保学生返校时佩戴口罩。</blockquote></p><p> Vivek Murthy, an American public surgeon, said that although the current two-shot vaccine scheme is effective, as more studies show that the effectiveness of the vaccine will gradually decrease with the passage of time, and the vaccine against the&nbsp;Delta mutant strain needs additional boosters. At present, 51% of the population in the United States has been fully vaccinated with two shots of COVID-19 vaccine, and 80.9% of the population over 65 years old has been fully vaccinated with two shots. According to the Biden administration's vaccination strategy, the FDA will first vaccinate people over 65 years old from September 20th, and then extend it to other people. The third shot will use the same dose and vaccine as the first two shots.</p><p><blockquote>美国公共外科医生维韦克·穆尔蒂表示，虽然目前的两针疫苗方案有效，但随着更多研究表明，疫苗的有效性会随着时间的推移而逐渐下降，针对德尔塔变异毒株的疫苗需要额外的加强剂。目前，美国51%的人口已完全接种两剂新冠疫苗，80.9%的65岁以上人口已完全接种两剂新冠疫苗。根据拜登政府的疫苗接种策略，FDA将从9月20日起首先为65岁以上人群接种疫苗，随后扩展到其他人群。第三针将使用与前两针相同的剂量和疫苗。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f2c2083bcb2d15f83b0f92a24d5874c6\" tg-width=\"624\" tg-height=\"299\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> US stocks suffered turmoil this week after hitting a series of all-time highs on Monday. Although the quarterly report shows that the company's earnings are growing rapidly, investors are generally optimistic about the stock price outlook; However, some investors remain cautious, fearing that as the Federal Reserve gradually shrinks its asset purchase program, the rising number of confirmed cases of COVID-19 in the United States and around the world will weaken the global economic recovery. Simmons, chief investment officer of UBS Group AG Global Wealth Management UK, said that people are trying to find out what Delta mutant strain means, whether it will lead to more epidemic blockade measures, and whether it will damage economic growth. Goldman Sachs economists lowered their economic growth forecasts for the third quarter and the whole year of the United States, while Mericle, an economist at Goldman Sachs, said that it has been proved that the Delta variant strain has a greater impact on economic growth and inflation than previously expected.</p><p><blockquote>美国股市在周一创下一系列历史新高后，本周遭遇动荡。尽管一季报显示公司盈利快速增长，但投资者普遍看好股价前景；不过，一些投资者仍然持谨慎态度，担心随着美联储逐步缩减资产购买计划，美国和全球范围内不断上升的新冠肺炎确诊病例将削弱全球经济复苏。英国瑞银集团全球财富管理公司首席投资官西蒙斯表示，人们正试图弄清楚德尔塔变异毒株意味着什么，是否会导致更多的疫情封锁措施，是否会损害经济增长。高盛经济学家下调了美国第三季度和全年经济增长预期，而高盛经济学家梅里克尔表示，事实证明，德尔塔变异毒株压力对经济增长和通胀的影响比此前预期更大。</blockquote></p><p> At the close, the DJIA Index fell 0.19% to 34,894.12 points; The S&amp;P 500 index rose 0.13% to 4405.80 points; Nasdaq index rose 0.11% to 14,541.79 points.</p><p><blockquote>截至收盘，道琼斯指数跌0.19%，报34894.12点；标普500指数上涨0.13%，报4405.80点；纳斯达克指数上涨0.11%，至14,541.79点。</blockquote></p><p> <b>Three companies issue quarterly reports</b></p><p><blockquote><b>三家公司发布季度报告</b></blockquote></p><p></p><p> NVIDIA Corp's revenue in the second quarter was better than expected, mainly due to the continuous strong demand for its equipment from computer gamers and cryptocurrency miners, and its sales and net profit in the second quarter both reached record highs. Revenue in the second quarter was $6.51 billion, a year-on-year increase of 68%; Net profit was $2.37 billion, almost double that of the same period last year. Its new generation graphics card can provide high-quality images and fast frame rate, which is very popular among gamers. At the same time, this graphics card also meets the computing power requirements of cryptocurrency mining.</p><p><blockquote>英伟达公司第二季度营收好于预期，主要得益于电脑游戏玩家和加密货币矿工对其设备的需求持续强劲，第二季度销售额和净利润均创历史新高。第二季度营收65.1亿美元，同比增长68%；净利润为23.7亿美元，几乎是去年同期的两倍。其新一代显卡可以提供高质量的图像和快速的帧速率，深受游戏玩家的欢迎。同时，这款显卡也满足了加密货币挖矿的算力要求。</blockquote></p><p> Although the global chip shortage has caused some automobile manufacturers to suspend production, the sales volume of chip companies as a whole is still rising steadily. Officials in the chip industry expect the situation that led to the production reduction of automobiles and pushed up the prices of some electronic products to ease in the coming months. CEO of Intel&nbsp;Gelsinger said that the imbalance between supply and demand in the chip industry will continue until 2023, and the shortage is pushing up the manufacturing costs of some Intel. The company is focusing on industry integration to increase profits.</p><p><blockquote>虽然全球芯片短缺导致部分汽车厂商停产，但芯片企业整体销量仍在稳步上升。芯片行业官员预计，导致汽车减产并推高部分电子产品价格的局面将在未来几个月得到缓解。英特尔CEO基辛格表示，芯片行业的供需失衡将持续到2023年，短缺正在推高部分英特尔的制造成本。公司正专注于行业整合，以增加利润。</blockquote></p><p> As of the close, NVIDIA Corp rose 0.48%, Intel rose 0.48% and AMD rose 0.25%. The following figure shows the price trends of the three stocks this year.</p><p><blockquote>截至收盘，英伟达公司涨0.48%，英特尔涨0.48%，AMD涨0.25%。下图显示了三只股票今年以来的价格走势。</blockquote></p><p> </p><p> <img src=\"https://static.tigerbbs.com/eea28492e81fc5a3cda3c2dfc435dcdb\" tg-width=\"554\" tg-height=\"238\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Macy's, Kohl,&nbsp;and Tapestry, the parent company of Coach, all reported substantial sales growth in the second quarter. Macy's's sales in the second quarter were $5.65 billion, an increase of 62% compared with 2020 and a slight increase compared with the same-store sales in 2019. CEO&nbsp;Gennette of Macy's said that there is no evidence that sales are slowing down due to the surge in Novel Coronavirus, and the greater concern comes from the risks of supply chain and labor shortage. At the same time, Macy's is attracting new customers by adding new products, including selling toy business ToysToys \"R\" Us in 400 entities and online stores. Sales of Kohl and Tapestry also returned to pre-epidemic levels, and all three raised their annual performance guidelines. However, Siegel of BMO Capital Markets Stock Research said that no one predicted that the current high level of retail industry would be sustainable, and retail executives were worried about whether the bubble would burst, whether it was Delta mutant strain or something else.</p><p><blockquote>梅西百货、科尔百货和蔻驰母公司Tapestry均报告第二季度销售额大幅增长。梅西百货第二季度销售额为56.5亿美元，较2020年增长62%，较2019年同店销售额略有增长。梅西百货首席执行官Gennette表示，没有证据表明销售因新型冠状病毒激增而放缓，更大的担忧来自供应链和劳动力短缺的风险。与此同时，梅西百货正在通过增加新产品来吸引新客户，包括在400家实体和网上商店销售玩具业务玩具“反斗城”。Kohl和Tapestry的销售额也回到了疫情前的水平，三家都上调了年度业绩指引。不过，BMO Capital Markets Stock Research的Siegel表示，没有人预测零售业目前的高水平将是可持续的，零售业高管担心泡沫是否会破裂，无论是德尔塔变异毒株还是其他什么。</blockquote></p><p> Meanwhile, according to the Wall Street Journal, Amazon.com is opening large physical retail stores similar to department stores to enter the retail industry. The first batch of department stores will be located in Ohio and California, which will occupy less space than traditional retail stores. It is reported that it is uncertain which brands will be sold in these retail stores, but it is expected that Amazon.com's own brands will occupy a major position.</p><p><blockquote>与此同时，据《华尔街日报》报道，亚马逊正在开设类似百货商店的大型实体零售店，进军零售业。首批百货商店将设在俄亥俄州和加利福尼亚州，相比传统零售店占用的空间更少。据悉，目前还不确定这些零售店将出售哪些品牌，但预计亚马逊自有品牌将占据主要位置。</blockquote></p><p> As of the close, Macy's rose by 19.59%, Kohl rose by 7.29%, and Amazon.com fell by 0.42%. The following figure shows the price trends of the three stocks in recent two months.</p><p><blockquote>截至收盘，梅西百货涨19.59%，科尔百货涨7.29%，亚马逊跌0.42%。下图显示了三只股票近两个月的价格走势。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bba865f6fb449cb9bed8d64dea30c414\" tg-width=\"624\" tg-height=\"275\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Robinhood recorded a net loss of $502 million in its first financial report, with total revenue of $5.65; In the second quarter of last year, the company had a net profit of $58 million and total revenue of $244 million. Robinhood said it made a huge loss in February when it raised $2. 4 billion in emergency financing. Among the users who use Robinhood platform to trade, nearly 14.2 million users have traded digital assets, accounting for about 63% of the company's customer base, with a profit of about $233 million; Among them, 2/3 traders are dogecoin traders. The increase in the proportion of users trading digital assets has helped alleviate the slowdown in other businesses of Robinhood, including the weakening interest of retail investors in meme stocks. As of the close, Robinhood fell 10.26%.</p><p><blockquote>Robinhood在首份财报中录得净亏损5.02亿美元，总营收5.65美元；去年第二季度，该公司净利润为5800万美元，总收入为2.44亿美元。Robinhood表示，该公司在2月份筹集了24亿美元的紧急融资时遭受了巨大损失。在使用Robinhood平台进行交易的用户中，有近1420万用户进行了数字资产交易，约占公司客户群的63%，利润约为2.33亿美元；其中，2/3的交易者是狗狗币交易者。交易数字资产的用户比例增加有助于缓解Robinhood其他业务的放缓，包括散户投资者对meme股票的兴趣减弱。截至收盘，Robinhood下跌10.26%。</blockquote></p><p> <b>China stocks continue to be under pressure</b></p><p><blockquote><b>中国股市持续承压</b></blockquote></p><p> The regulatory pressure on Chinese stocks in China and the United States continues to increase. On Monday, SEC Chairman Gensler once again issued a risk warning to American investors on investing in Chinese companies. On the 19th, the Supreme People's Court solicited opinions from the society on some issues of anti-unfair competition law. The NASDAQ China Index fell continuously after the implementation of the policy of the Beijing Municipal Education Commission on double reduction of education and training industries.</p><p><blockquote>中国和美国对中概股的监管压力持续加大。本周一，SEC主席詹斯勒再次就投资中国企业向美国投资者发出风险提示。19日，最高人民法院就反不正当竞争法若干问题向社会征求意见。北京市教委教育培训行业双减政策实施后，纳斯达克中文指数连续下跌。</blockquote></p><p></p><p> According to the latest survey of fund managers in Bank of America, about 11% of the respondents think that shorting Chinese stocks is the most crowded transaction, second only to long American technology stocks and long ESG stocks, and shorting Chinese stocks is higher than trading long US Treasury bonds. About 16% of the respondents said that China policy is the biggest risk at present, compared with almost zero in July, and the risk ranking of China policy is second only to inflation, deflation panic, COVID-19 pandemic, and asset bubble.</p><p><blockquote>美国银行对基金经理的最新调查显示，约11%的受访者认为做空中国股票是最拥挤的交易，仅次于做多美国科技股和做多ESG股票，做空中国股票高于做多美国国债。约16%的受访者表示，中国政策是目前最大的风险，而7月份几乎为零，中国政策的风险排名仅次于通胀、通缩恐慌、新冠疫情和资产泡沫。</blockquote></p><p> Cathie Wood said in an interview with CNBC today that the constraint by Chinese regulators will have a lasting impact on investor sentiment, and the affected stocks will not rise soon; The memory of nationalizing the online education industry will exist for a long time, and such measures are likely to appear in any other industry. According to Bloomberg reported on the 17th, SoftBank sold about $14 billion worth of shares in the second quarter, and Masayoshi Son withdrew more funds from the secondary market to invest in private start-ups.</p><p><blockquote>Cathie Wood今日在接受CNBC采访时表示，中国监管机构的约束将对投资者情绪产生持久影响，受影响的股票不会很快上涨；在线教育行业国有化的记忆将长期存在，这样的举措很可能出现在任何其他行业。据彭博社17日报道，软银在第二季度出售了价值约140亿美元的股票，孙正义从二级市场撤出更多资金，用于投资民营初创企业。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/484f1e076474977c8b0044665e8fd940\" tg-width=\"575\" tg-height=\"368\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> At the same time, Hangzhou second-hand housing transaction supervision service platform officially launched the function of listing houses independently. According to the agency, this function is mainly&nbsp;to break the mode of selling houses by intermediaries and provide individuals with channels for publishing information on selling houses by independent transactions, the listing information is only open to individual real-name users, and brokers cannot view it. As of the close, KE Holdings Inc. fell 14.86%, Alibaba fell 6.85%, JD.com fell 5.10% and Baidu fell 3.94%.</p><p><blockquote>同时，杭州市二手房交易监管服务平台正式上线独立挂牌房源功能。该机构介绍，该功能主要是打破中介卖房的模式，为个人提供发布自主交易卖房信息的渠道，挂牌信息只对个人实名用户开放，经纪人无法查看。截至收盘，科控股跌14.86%，阿里巴巴-SW跌6.85%，京东跌5.10%，百度跌3.94%。</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>The \"Journal Account\" of US Stock（2021-8-19)<blockquote>美股“日记账”（2021-8-19）</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe \"Journal Account\" of US Stock（2021-8-19)<blockquote>美股“日记账”（2021-8-19）</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\">2021-08-20 11:58</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>Market overview</b></p><p><blockquote><b>市场概况</b></blockquote></p><p> Affected by the tightening of loose monetary policy by the Federal Reserve and the continuous increase of&nbsp;cases in COVID-19, US stocks mixed, oil prices and copper prices fell, and the US dollar hit a nine-month high. NVIDIA Corp, Macy's and Robinhood released quarterly reports, with chip stocks rising, NVIDIA Corp up 3.98%, Macy's up 19.59% and Robinhood down 10.26%.</p><p><blockquote>受美联储收紧宽松货币政策和新冠肺炎病例持续增加影响，美股涨跌互现，油价和铜价下跌，美元触及九个月高点。英伟达公司、梅西百货和罗宾汉发布季报，芯片股上涨，英伟达公司上涨3.98%，梅西百货上涨19.59%，罗宾汉下跌10.26%。</blockquote></p><p> China Stocks continued to be under pressure, and American investors continued to reduce their position of China Stocks. According to the latest survey conducted by Bank of America, about 11% of the respondents believe that shorting Chinese stocks is the most crowded transaction, second only to long American technology stocks and long ESG. Since&nbsp;Hangzhou has the first official second-hand housing trading platform, with KE Holdings Inc. falling 14.86%, Alibaba falling 6.85%, JD.com falling 5.10% and Baidu falling 3.94%.</p><p><blockquote>中国股票继续承压，美国投资者继续减持中国股票。美国银行最新调查显示，约11%的受访者认为做空中国股票是最拥挤的交易，仅次于做多美国科技股和做多ESG。自杭州市拥有首个官方二手房交易平台以来，科创控股跌14.86%，阿里巴巴-SW跌6.85%，京东跌5.10%，百度跌3.94%。</blockquote></p><p> <b>Three senators were diagnosed</b></p><p><blockquote><b>三名参议员确诊</b></blockquote></p><p> Today, the third senator announced that he had been diagnosed in COVID-19, and there was a breakthrough case after injecting COVID-19 vaccine. The confirmed senators include Senator Angus King, 77, from Maine, Senator Roger Wicker, 70, from Mississippi, and Senator John Hickenlooper, 69, from Colorado. Earlier, Texas Governor Abbott announced that he had been diagnosed with Novel Coronavirus, and was reported to be the 11th governor diagnosed with COVID-19 in the United States. According to Bloomberg News, the number of hospitalized deaths in the United States is close to the peak in February.</p><p><blockquote>今天，第三位参议员宣布确诊新冠肺炎，注射新冠疫苗后出现突破性病例。确认的参议员包括来自缅因州的77岁参议员安格斯·金、来自密西西比州的70岁参议员罗杰·威克和来自科罗拉多州的69岁参议员约翰·希肯卢珀。此前，得州州长阿博特宣布确诊感染新型冠状病毒，据悉是美国第11位确诊感染新冠肺炎的州长。据彭博新闻社报道，美国住院死亡人数接近2月份的峰值。</blockquote></p><p> At present, there are 140,893 newly diagnosed cases in the United States in a single day, an increase of 47% compared with the average value 14 days ago; 809 new deaths were added in a single day, an increase of 97% compared with the average value 14 days ago; The number of new inpatients in a single day was 85,118, an increase of 56% compared with the average value 14 days ago.</p><p><blockquote>目前，美国单日新增确诊病例140893例，较14天前平均值增加47%；单日新增死亡病例809例，较14天前平均值增加97%；单日新增住院人数为85118人，与14天前的平均值相比增加了56%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ab33f66c26f6474bb043c8d42563dade\" tg-width=\"624\" tg-height=\"278\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The Biden administration said on Wednesday that in order to take measures to combat the rising cases of COVID-19, it called for the third shot for all adults who have been vaccinated with two doses of COVID-19 vaccine from September this year. At the same time, the Biden administration also indicated that it would require nursing homes to vaccinate their employees with COVID-19 vaccine, otherwise they would lose medical insurance and Medicaid funds. Biden signed a memorandum instructing the U.S. Department of Education to take all measures to ensure that students can safely return to school in the fall, including ensuring that students wear masks when returning to school.</p><p><blockquote>拜登政府周三表示，为了采取措施应对不断上升的新冠肺炎病例，呼吁从今年9月开始，为所有接种过两剂新冠肺炎疫苗的成年人注射第三针。同时，拜登政府还表示，将要求养老院为员工接种新冠疫苗，否则将失去医疗保险和医疗补助资金。拜登签署备忘录，指示美国。教育部将采取一切措施确保学生能够在秋季安全返校，包括确保学生返校时佩戴口罩。</blockquote></p><p> Vivek Murthy, an American public surgeon, said that although the current two-shot vaccine scheme is effective, as more studies show that the effectiveness of the vaccine will gradually decrease with the passage of time, and the vaccine against the&nbsp;Delta mutant strain needs additional boosters. At present, 51% of the population in the United States has been fully vaccinated with two shots of COVID-19 vaccine, and 80.9% of the population over 65 years old has been fully vaccinated with two shots. According to the Biden administration's vaccination strategy, the FDA will first vaccinate people over 65 years old from September 20th, and then extend it to other people. The third shot will use the same dose and vaccine as the first two shots.</p><p><blockquote>美国公共外科医生维韦克·穆尔蒂表示，虽然目前的两针疫苗方案有效，但随着更多研究表明，疫苗的有效性会随着时间的推移而逐渐下降，针对德尔塔变异毒株的疫苗需要额外的加强剂。目前，美国51%的人口已完全接种两剂新冠疫苗，80.9%的65岁以上人口已完全接种两剂新冠疫苗。根据拜登政府的疫苗接种策略，FDA将从9月20日起首先为65岁以上人群接种疫苗，随后扩展到其他人群。第三针将使用与前两针相同的剂量和疫苗。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f2c2083bcb2d15f83b0f92a24d5874c6\" tg-width=\"624\" tg-height=\"299\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> US stocks suffered turmoil this week after hitting a series of all-time highs on Monday. Although the quarterly report shows that the company's earnings are growing rapidly, investors are generally optimistic about the stock price outlook; However, some investors remain cautious, fearing that as the Federal Reserve gradually shrinks its asset purchase program, the rising number of confirmed cases of COVID-19 in the United States and around the world will weaken the global economic recovery. Simmons, chief investment officer of UBS Group AG Global Wealth Management UK, said that people are trying to find out what Delta mutant strain means, whether it will lead to more epidemic blockade measures, and whether it will damage economic growth. Goldman Sachs economists lowered their economic growth forecasts for the third quarter and the whole year of the United States, while Mericle, an economist at Goldman Sachs, said that it has been proved that the Delta variant strain has a greater impact on economic growth and inflation than previously expected.</p><p><blockquote>美国股市在周一创下一系列历史新高后，本周遭遇动荡。尽管一季报显示公司盈利快速增长，但投资者普遍看好股价前景；不过，一些投资者仍然持谨慎态度，担心随着美联储逐步缩减资产购买计划，美国和全球范围内不断上升的新冠肺炎确诊病例将削弱全球经济复苏。英国瑞银集团全球财富管理公司首席投资官西蒙斯表示，人们正试图弄清楚德尔塔变异毒株意味着什么，是否会导致更多的疫情封锁措施，是否会损害经济增长。高盛经济学家下调了美国第三季度和全年经济增长预期，而高盛经济学家梅里克尔表示，事实证明，德尔塔变异毒株压力对经济增长和通胀的影响比此前预期更大。</blockquote></p><p> At the close, the DJIA Index fell 0.19% to 34,894.12 points; The S&amp;P 500 index rose 0.13% to 4405.80 points; Nasdaq index rose 0.11% to 14,541.79 points.</p><p><blockquote>截至收盘，道琼斯指数跌0.19%，报34894.12点；标普500指数上涨0.13%，报4405.80点；纳斯达克指数上涨0.11%，至14,541.79点。</blockquote></p><p> <b>Three companies issue quarterly reports</b></p><p><blockquote><b>三家公司发布季度报告</b></blockquote></p><p></p><p> NVIDIA Corp's revenue in the second quarter was better than expected, mainly due to the continuous strong demand for its equipment from computer gamers and cryptocurrency miners, and its sales and net profit in the second quarter both reached record highs. Revenue in the second quarter was $6.51 billion, a year-on-year increase of 68%; Net profit was $2.37 billion, almost double that of the same period last year. Its new generation graphics card can provide high-quality images and fast frame rate, which is very popular among gamers. At the same time, this graphics card also meets the computing power requirements of cryptocurrency mining.</p><p><blockquote>英伟达公司第二季度营收好于预期，主要得益于电脑游戏玩家和加密货币矿工对其设备的需求持续强劲，第二季度销售额和净利润均创历史新高。第二季度营收65.1亿美元，同比增长68%；净利润为23.7亿美元，几乎是去年同期的两倍。其新一代显卡可以提供高质量的图像和快速的帧速率，深受游戏玩家的欢迎。同时，这款显卡也满足了加密货币挖矿的算力要求。</blockquote></p><p> Although the global chip shortage has caused some automobile manufacturers to suspend production, the sales volume of chip companies as a whole is still rising steadily. Officials in the chip industry expect the situation that led to the production reduction of automobiles and pushed up the prices of some electronic products to ease in the coming months. CEO of Intel&nbsp;Gelsinger said that the imbalance between supply and demand in the chip industry will continue until 2023, and the shortage is pushing up the manufacturing costs of some Intel. The company is focusing on industry integration to increase profits.</p><p><blockquote>虽然全球芯片短缺导致部分汽车厂商停产，但芯片企业整体销量仍在稳步上升。芯片行业官员预计，导致汽车减产并推高部分电子产品价格的局面将在未来几个月得到缓解。英特尔CEO基辛格表示，芯片行业的供需失衡将持续到2023年，短缺正在推高部分英特尔的制造成本。公司正专注于行业整合，以增加利润。</blockquote></p><p> As of the close, NVIDIA Corp rose 0.48%, Intel rose 0.48% and AMD rose 0.25%. The following figure shows the price trends of the three stocks this year.</p><p><blockquote>截至收盘，英伟达公司涨0.48%，英特尔涨0.48%，AMD涨0.25%。下图显示了三只股票今年以来的价格走势。</blockquote></p><p> </p><p> <img src=\"https://static.tigerbbs.com/eea28492e81fc5a3cda3c2dfc435dcdb\" tg-width=\"554\" tg-height=\"238\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Macy's, Kohl,&nbsp;and Tapestry, the parent company of Coach, all reported substantial sales growth in the second quarter. Macy's's sales in the second quarter were $5.65 billion, an increase of 62% compared with 2020 and a slight increase compared with the same-store sales in 2019. CEO&nbsp;Gennette of Macy's said that there is no evidence that sales are slowing down due to the surge in Novel Coronavirus, and the greater concern comes from the risks of supply chain and labor shortage. At the same time, Macy's is attracting new customers by adding new products, including selling toy business ToysToys \"R\" Us in 400 entities and online stores. Sales of Kohl and Tapestry also returned to pre-epidemic levels, and all three raised their annual performance guidelines. However, Siegel of BMO Capital Markets Stock Research said that no one predicted that the current high level of retail industry would be sustainable, and retail executives were worried about whether the bubble would burst, whether it was Delta mutant strain or something else.</p><p><blockquote>梅西百货、科尔百货和蔻驰母公司Tapestry均报告第二季度销售额大幅增长。梅西百货第二季度销售额为56.5亿美元，较2020年增长62%，较2019年同店销售额略有增长。梅西百货首席执行官Gennette表示，没有证据表明销售因新型冠状病毒激增而放缓，更大的担忧来自供应链和劳动力短缺的风险。与此同时，梅西百货正在通过增加新产品来吸引新客户，包括在400家实体和网上商店销售玩具业务玩具“反斗城”。Kohl和Tapestry的销售额也回到了疫情前的水平，三家都上调了年度业绩指引。不过，BMO Capital Markets Stock Research的Siegel表示，没有人预测零售业目前的高水平将是可持续的，零售业高管担心泡沫是否会破裂，无论是德尔塔变异毒株还是其他什么。</blockquote></p><p> Meanwhile, according to the Wall Street Journal, Amazon.com is opening large physical retail stores similar to department stores to enter the retail industry. The first batch of department stores will be located in Ohio and California, which will occupy less space than traditional retail stores. It is reported that it is uncertain which brands will be sold in these retail stores, but it is expected that Amazon.com's own brands will occupy a major position.</p><p><blockquote>与此同时，据《华尔街日报》报道，亚马逊正在开设类似百货商店的大型实体零售店，进军零售业。首批百货商店将设在俄亥俄州和加利福尼亚州，相比传统零售店占用的空间更少。据悉，目前还不确定这些零售店将出售哪些品牌，但预计亚马逊自有品牌将占据主要位置。</blockquote></p><p> As of the close, Macy's rose by 19.59%, Kohl rose by 7.29%, and Amazon.com fell by 0.42%. The following figure shows the price trends of the three stocks in recent two months.</p><p><blockquote>截至收盘，梅西百货涨19.59%，科尔百货涨7.29%，亚马逊跌0.42%。下图显示了三只股票近两个月的价格走势。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bba865f6fb449cb9bed8d64dea30c414\" tg-width=\"624\" tg-height=\"275\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Robinhood recorded a net loss of $502 million in its first financial report, with total revenue of $5.65; In the second quarter of last year, the company had a net profit of $58 million and total revenue of $244 million. Robinhood said it made a huge loss in February when it raised $2. 4 billion in emergency financing. Among the users who use Robinhood platform to trade, nearly 14.2 million users have traded digital assets, accounting for about 63% of the company's customer base, with a profit of about $233 million; Among them, 2/3 traders are dogecoin traders. The increase in the proportion of users trading digital assets has helped alleviate the slowdown in other businesses of Robinhood, including the weakening interest of retail investors in meme stocks. As of the close, Robinhood fell 10.26%.</p><p><blockquote>Robinhood在首份财报中录得净亏损5.02亿美元，总营收5.65美元；去年第二季度，该公司净利润为5800万美元，总收入为2.44亿美元。Robinhood表示，该公司在2月份筹集了24亿美元的紧急融资时遭受了巨大损失。在使用Robinhood平台进行交易的用户中，有近1420万用户进行了数字资产交易，约占公司客户群的63%，利润约为2.33亿美元；其中，2/3的交易者是狗狗币交易者。交易数字资产的用户比例增加有助于缓解Robinhood其他业务的放缓，包括散户投资者对meme股票的兴趣减弱。截至收盘，Robinhood下跌10.26%。</blockquote></p><p> <b>China stocks continue to be under pressure</b></p><p><blockquote><b>中国股市持续承压</b></blockquote></p><p> The regulatory pressure on Chinese stocks in China and the United States continues to increase. On Monday, SEC Chairman Gensler once again issued a risk warning to American investors on investing in Chinese companies. On the 19th, the Supreme People's Court solicited opinions from the society on some issues of anti-unfair competition law. The NASDAQ China Index fell continuously after the implementation of the policy of the Beijing Municipal Education Commission on double reduction of education and training industries.</p><p><blockquote>中国和美国对中概股的监管压力持续加大。本周一，SEC主席詹斯勒再次就投资中国企业向美国投资者发出风险提示。19日，最高人民法院就反不正当竞争法若干问题向社会征求意见。北京市教委教育培训行业双减政策实施后，纳斯达克中文指数连续下跌。</blockquote></p><p></p><p> According to the latest survey of fund managers in Bank of America, about 11% of the respondents think that shorting Chinese stocks is the most crowded transaction, second only to long American technology stocks and long ESG stocks, and shorting Chinese stocks is higher than trading long US Treasury bonds. About 16% of the respondents said that China policy is the biggest risk at present, compared with almost zero in July, and the risk ranking of China policy is second only to inflation, deflation panic, COVID-19 pandemic, and asset bubble.</p><p><blockquote>美国银行对基金经理的最新调查显示，约11%的受访者认为做空中国股票是最拥挤的交易，仅次于做多美国科技股和做多ESG股票，做空中国股票高于做多美国国债。约16%的受访者表示，中国政策是目前最大的风险，而7月份几乎为零，中国政策的风险排名仅次于通胀、通缩恐慌、新冠疫情和资产泡沫。</blockquote></p><p> Cathie Wood said in an interview with CNBC today that the constraint by Chinese regulators will have a lasting impact on investor sentiment, and the affected stocks will not rise soon; The memory of nationalizing the online education industry will exist for a long time, and such measures are likely to appear in any other industry. According to Bloomberg reported on the 17th, SoftBank sold about $14 billion worth of shares in the second quarter, and Masayoshi Son withdrew more funds from the secondary market to invest in private start-ups.</p><p><blockquote>Cathie Wood今日在接受CNBC采访时表示，中国监管机构的约束将对投资者情绪产生持久影响，受影响的股票不会很快上涨；在线教育行业国有化的记忆将长期存在，这样的举措很可能出现在任何其他行业。据彭博社17日报道，软银在第二季度出售了价值约140亿美元的股票，孙正义从二级市场撤出更多资金，用于投资民营初创企业。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/484f1e076474977c8b0044665e8fd940\" tg-width=\"575\" tg-height=\"368\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> At the same time, Hangzhou second-hand housing transaction supervision service platform officially launched the function of listing houses independently. According to the agency, this function is mainly&nbsp;to break the mode of selling houses by intermediaries and provide individuals with channels for publishing information on selling houses by independent transactions, the listing information is only open to individual real-name users, and brokers cannot view it. As of the close, KE Holdings Inc. fell 14.86%, Alibaba fell 6.85%, JD.com fell 5.10% and Baidu fell 3.94%.</p><p><blockquote>同时，杭州市二手房交易监管服务平台正式上线独立挂牌房源功能。该机构介绍，该功能主要是打破中介卖房的模式，为个人提供发布自主交易卖房信息的渠道，挂牌信息只对个人实名用户开放，经纪人无法查看。截至收盘，科控股跌14.86%，阿里巴巴-SW跌6.85%，京东跌5.10%，百度跌3.94%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174275574","content_text":"Market overview\nAffected by the tightening of loose monetary policy by the Federal Reserve and the continuous increase of cases in COVID-19, US stocks mixed, oil prices and copper prices fell, and the US dollar hit a nine-month high. NVIDIA Corp, Macy's and Robinhood released quarterly reports, with chip stocks rising, NVIDIA Corp up 3.98%, Macy's up 19.59% and Robinhood down 10.26%.\nChina Stocks continued to be under pressure, and American investors continued to reduce their position of China Stocks. According to the latest survey conducted by Bank of America, about 11% of the respondents believe that shorting Chinese stocks is the most crowded transaction, second only to long American technology stocks and long ESG. Since Hangzhou has the first official second-hand housing trading platform, with KE Holdings Inc. falling 14.86%, Alibaba falling 6.85%, JD.com falling 5.10% and Baidu falling 3.94%.\nThree senators were diagnosed\nToday, the third senator announced that he had been diagnosed in COVID-19, and there was a breakthrough case after injecting COVID-19 vaccine. The confirmed senators include Senator Angus King, 77, from Maine, Senator Roger Wicker, 70, from Mississippi, and Senator John Hickenlooper, 69, from Colorado. Earlier, Texas Governor Abbott announced that he had been diagnosed with Novel Coronavirus, and was reported to be the 11th governor diagnosed with COVID-19 in the United States. According to Bloomberg News, the number of hospitalized deaths in the United States is close to the peak in February.\nAt present, there are 140,893 newly diagnosed cases in the United States in a single day, an increase of 47% compared with the average value 14 days ago; 809 new deaths were added in a single day, an increase of 97% compared with the average value 14 days ago; The number of new inpatients in a single day was 85,118, an increase of 56% compared with the average value 14 days ago.\n\nThe Biden administration said on Wednesday that in order to take measures to combat the rising cases of COVID-19, it called for the third shot for all adults who have been vaccinated with two doses of COVID-19 vaccine from September this year. At the same time, the Biden administration also indicated that it would require nursing homes to vaccinate their employees with COVID-19 vaccine, otherwise they would lose medical insurance and Medicaid funds. Biden signed a memorandum instructing the U.S. Department of Education to take all measures to ensure that students can safely return to school in the fall, including ensuring that students wear masks when returning to school.\nVivek Murthy, an American public surgeon, said that although the current two-shot vaccine scheme is effective, as more studies show that the effectiveness of the vaccine will gradually decrease with the passage of time, and the vaccine against the Delta mutant strain needs additional boosters. At present, 51% of the population in the United States has been fully vaccinated with two shots of COVID-19 vaccine, and 80.9% of the population over 65 years old has been fully vaccinated with two shots. According to the Biden administration's vaccination strategy, the FDA will first vaccinate people over 65 years old from September 20th, and then extend it to other people. The third shot will use the same dose and vaccine as the first two shots.\n\nUS stocks suffered turmoil this week after hitting a series of all-time highs on Monday. Although the quarterly report shows that the company's earnings are growing rapidly, investors are generally optimistic about the stock price outlook; However, some investors remain cautious, fearing that as the Federal Reserve gradually shrinks its asset purchase program, the rising number of confirmed cases of COVID-19 in the United States and around the world will weaken the global economic recovery. Simmons, chief investment officer of UBS Group AG Global Wealth Management UK, said that people are trying to find out what Delta mutant strain means, whether it will lead to more epidemic blockade measures, and whether it will damage economic growth. Goldman Sachs economists lowered their economic growth forecasts for the third quarter and the whole year of the United States, while Mericle, an economist at Goldman Sachs, said that it has been proved that the Delta variant strain has a greater impact on economic growth and inflation than previously expected.\nAt the close, the DJIA Index fell 0.19% to 34,894.12 points; The S&P 500 index rose 0.13% to 4405.80 points; Nasdaq index rose 0.11% to 14,541.79 points.\nThree companies issue quarterly reports\nNVIDIA Corp's revenue in the second quarter was better than expected, mainly due to the continuous strong demand for its equipment from computer gamers and cryptocurrency miners, and its sales and net profit in the second quarter both reached record highs. Revenue in the second quarter was $6.51 billion, a year-on-year increase of 68%; Net profit was $2.37 billion, almost double that of the same period last year. Its new generation graphics card can provide high-quality images and fast frame rate, which is very popular among gamers. At the same time, this graphics card also meets the computing power requirements of cryptocurrency mining.\nAlthough the global chip shortage has caused some automobile manufacturers to suspend production, the sales volume of chip companies as a whole is still rising steadily. Officials in the chip industry expect the situation that led to the production reduction of automobiles and pushed up the prices of some electronic products to ease in the coming months. CEO of Intel Gelsinger said that the imbalance between supply and demand in the chip industry will continue until 2023, and the shortage is pushing up the manufacturing costs of some Intel. The company is focusing on industry integration to increase profits.\nAs of the close, NVIDIA Corp rose 0.48%, Intel rose 0.48% and AMD rose 0.25%. The following figure shows the price trends of the three stocks this year.\n\n\nMacy's, Kohl, and Tapestry, the parent company of Coach, all reported substantial sales growth in the second quarter. Macy's's sales in the second quarter were $5.65 billion, an increase of 62% compared with 2020 and a slight increase compared with the same-store sales in 2019. CEO Gennette of Macy's said that there is no evidence that sales are slowing down due to the surge in Novel Coronavirus, and the greater concern comes from the risks of supply chain and labor shortage. At the same time, Macy's is attracting new customers by adding new products, including selling toy business ToysToys \"R\" Us in 400 entities and online stores. Sales of Kohl and Tapestry also returned to pre-epidemic levels, and all three raised their annual performance guidelines. However, Siegel of BMO Capital Markets Stock Research said that no one predicted that the current high level of retail industry would be sustainable, and retail executives were worried about whether the bubble would burst, whether it was Delta mutant strain or something else.\nMeanwhile, according to the Wall Street Journal, Amazon.com is opening large physical retail stores similar to department stores to enter the retail industry. The first batch of department stores will be located in Ohio and California, which will occupy less space than traditional retail stores. It is reported that it is uncertain which brands will be sold in these retail stores, but it is expected that Amazon.com's own brands will occupy a major position.\nAs of the close, Macy's rose by 19.59%, Kohl rose by 7.29%, and Amazon.com fell by 0.42%. The following figure shows the price trends of the three stocks in recent two months.\n\nRobinhood recorded a net loss of $502 million in its first financial report, with total revenue of $5.65; In the second quarter of last year, the company had a net profit of $58 million and total revenue of $244 million. Robinhood said it made a huge loss in February when it raised $2. 4 billion in emergency financing. Among the users who use Robinhood platform to trade, nearly 14.2 million users have traded digital assets, accounting for about 63% of the company's customer base, with a profit of about $233 million; Among them, 2/3 traders are dogecoin traders. The increase in the proportion of users trading digital assets has helped alleviate the slowdown in other businesses of Robinhood, including the weakening interest of retail investors in meme stocks. As of the close, Robinhood fell 10.26%.\nChina stocks continue to be under pressure\nThe regulatory pressure on Chinese stocks in China and the United States continues to increase. On Monday, SEC Chairman Gensler once again issued a risk warning to American investors on investing in Chinese companies. On the 19th, the Supreme People's Court solicited opinions from the society on some issues of anti-unfair competition law. The NASDAQ China Index fell continuously after the implementation of the policy of the Beijing Municipal Education Commission on double reduction of education and training industries.\nAccording to the latest survey of fund managers in Bank of America, about 11% of the respondents think that shorting Chinese stocks is the most crowded transaction, second only to long American technology stocks and long ESG stocks, and shorting Chinese stocks is higher than trading long US Treasury bonds. About 16% of the respondents said that China policy is the biggest risk at present, compared with almost zero in July, and the risk ranking of China policy is second only to inflation, deflation panic, COVID-19 pandemic, and asset bubble.\nCathie Wood said in an interview with CNBC today that the constraint by Chinese regulators will have a lasting impact on investor sentiment, and the affected stocks will not rise soon; The memory of nationalizing the online education industry will exist for a long time, and such measures are likely to appear in any other industry. According to Bloomberg reported on the 17th, SoftBank sold about $14 billion worth of shares in the second quarter, and Masayoshi Son withdrew more funds from the secondary market to invest in private start-ups.\n\nAt the same time, Hangzhou second-hand housing transaction supervision service platform officially launched the function of listing houses independently. According to the agency, this function is mainly to break the mode of selling houses by intermediaries and provide individuals with channels for publishing information on selling houses by independent transactions, the listing information is only open to individual real-name users, and brokers cannot view it. As of the close, KE Holdings Inc. fell 14.86%, Alibaba fell 6.85%, JD.com fell 5.10% and Baidu fell 3.94%.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":818,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":831225145,"gmtCreate":1629331214787,"gmtModify":1633685679893,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090653556002830","idStr":"4090653556002830"},"themes":[],"title":"","htmlText":"Oh no","listText":"Oh no","text":"Oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/831225145","repostId":"1173912409","repostType":4,"repost":{"id":"1173912409","kind":"news","pubTimestamp":1629328047,"share":"https://www.laohunote.com/m/news/1173912409?lang=zh_CN&edition=full","pubTime":"2021-08-19 07:07","market":"us","language":"en","title":"Stocks End the Day in an Ugly Way After Fed Minutes Show Taper Talk Is Serious<blockquote>美联储会议纪要显示缩减规模谈判是认真的，股市以丑陋的方式收盘</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1173912409","media":"Barrons","summary":"Stocks sold off Wednesday after the release of the minutes of the Federal Reserve’s July meeting.\nTh","content":"<p>Stocks sold off Wednesday after the release of the minutes of the Federal Reserve’s July meeting.</p><p><blockquote>美联储7月会议纪要公布后，股市周三遭到抛售。</blockquote></p><p> The&nbsp;Dow Jones Industrial Average&nbsp;dropped 383 points, or 1.1%, while the S&amp;P 500&nbsp;fell 1.1%. The Nasdaq Composite&nbsp;declined 0.9%. All three finished near their lows of the day.</p><p><blockquote>道琼斯工业平均指数下跌383点，跌幅1.1%，标普500下跌1.1%。纳斯达克综合指数下跌 0.9%。三者都接近当天的低点。</blockquote></p><p> Fed governors have been dropping hints in recent weeks that the beginning of the end of the central bank’s bond buying was nearing, and the minutes confirmed that&nbsp;taperingis at hand. “Most participants noted that …it could be appropriate to start reducing the pace of asset purchases this year,” the minutes read.</p><p><blockquote>最近几周，美联储理事们一直在暗示央行即将结束债券购买，会议纪要也证实了缩减债券规模即将到来。“会议纪要写道：”大多数与会者指出.今年开始放慢资产购买步伐可能是合适的。</blockquote></p><p> The assessment comes as&nbsp;the economy has recovered quickly, and reflects that the Fed is now focused on when—and how quickly—to remove support from the economy.</p><p><blockquote>该评估是在经济迅速复苏之际做出的，反映出美联储现在正关注何时以及以多快的速度取消对经济的支持。</blockquote></p><p> The selloff was broad. About 83% of S&amp;P 500 stocks fell on the day, according to FactSet. This dynamics often reflects concern about how the market will perform without the Fed there to support it.</p><p><blockquote>抛售范围很广。FactSet 的数据显示，当天约 83% 的标普500股票下跌。这种动态通常反映出人们对如果没有美联储的支持，市场将如何表现的担忧。</blockquote></p><p> Now, it’s just a question of when tapering will begin. It’ “is going to be September or December,” said Dave Wagner, portfolio manager and analyst at Aptus Capital Advisors. “Everyone is focusing on Jackson Hole in my opinion,” he continued, referring to the conclave of central bankers that occurs later this month in Jackson Hole, Wyo.</p><p><blockquote>现在，只是何时开始缩减规模的问题。Aptus Capital Advisors 的投资组合经理兼分析师戴夫-瓦格纳（Dave Wagner）说：“这将是 9 月或 12 月。”“在我看来，每个人都在关注杰克逊霍尔，”他继续说道，指的是本月晚些时候将在怀俄明州杰克逊霍尔举行的央行行长秘密会议。</blockquote></p><p> Strangely, the bond market didn’t react all that much, with the 10-year Treasury yield closing at 1.27%, where it hovered for most of the day. The 2-year yield, which often moves higher when market participants see the Fed hiking short-term interest rates sooner, ended at 0.21%, lower than the 0.22% it hit in the morning.</p><p><blockquote>奇怪的是，债券市场并没有太大反应，10 年期国债收益率收于 1.27%，在当天的大部分时间里都徘徊在这一水平。当市场参与者看到美联储提前加息时，2年期国债收益率通常会走高，收于0.21%，低于上午触及的0.22%。</blockquote></p><p> “I don’t think we’ve learned anything new,” said Tom Graff, head of fixed income at Brown Advisory. Graff added that the consensus for a short-term interest rate hikes in 2022 or 2023 hasn’t changed.</p><p><blockquote>“布朗咨询公司固定收益主管汤姆-格拉夫（Tom Graff）说：”我认为我们没有学到任何新东西。格拉夫补充说，2022 年或 2023 年短期加息的共识没有改变。</blockquote></p><p> A weak market, however, couldn’t keep some stocks down. For some, it was about earnings.Lowe’s&nbsp;(ticker: LOW) stock rose 9.6% after&nbsp;reporting a profit&nbsp;of $4.25 a share, beating estimates of $4.01 a share, on sales of $27.6 billion, above expectations for $26.9 billion.TJX&nbsp;(TJX) stock rose 6% after reporting&nbsp;a profit&nbsp;of 64 cents a share, beating estimates of 59 cents a share, on sales of $12.1 billion, above expectations for $11 billion.</p><p><blockquote>然而，疲软的市场并没有让一些股票下跌。对一些人来说，这与盈利有关。劳氏（股票代码：LOW）公布每股利润 4.25 美元，高于预期的每股 4.01 美元，销售额为 276 亿美元，高于预期的 269 亿美元。TJX (TJX) 公布每股利润 64 美分，高于预期的每股 59 美分，销售额为 121 亿美元，高于预期的 110 亿美元。</blockquote></p><p> Others were buoyed by analyst upgrades, with ViacomCBS (VIAC) stock rose 3.7% after getting upgraded to Overweight from Equal Weight at Wells Fargo, and BlackBerry (BB) stock gained 4.2% after getting upgraded to Hold from Sell at Canaccord Genuity.</p><p><blockquote>其他股票则受到分析师评级上调的提振，维亚康姆哥伦比亚广播公司 (VIAC) 股价在富国银行 (Wells Fargo) 从持有评级上调至跑赢大盘后上涨 3.7%，黑莓 (BB) 股价在 Canaccord Genuity 从卖出评级上调至持有后上涨 4.2%。</blockquote></p><p> Tilray&nbsp;(TLRY) stock rose 1.1% after the company bought senior secured convertible notes in marijuana company&nbsp;MedMen Enterprises.&nbsp;The notes would convert into an equity stake if&nbsp;cannabis is legalized in the U.S.</p><p><blockquote>Tilray（TLRY）股价上涨1.1%，此前该公司购买了大麻公司MedMen Enterprises的高级担保可转换票据。如果大麻在美国合法化，这些票据将转换成股权。</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>Stocks End the Day in an Ugly Way After Fed Minutes Show Taper Talk Is Serious<blockquote>美联储会议纪要显示缩减规模谈判是认真的，股市以丑陋的方式收盘</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStocks End the Day in an Ugly Way After Fed Minutes Show Taper Talk Is Serious<blockquote>美联储会议纪要显示缩减规模谈判是认真的，股市以丑陋的方式收盘</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-08-19 07:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Stocks sold off Wednesday after the release of the minutes of the Federal Reserve’s July meeting.</p><p><blockquote>美联储7月会议纪要公布后，股市周三遭到抛售。</blockquote></p><p> The&nbsp;Dow Jones Industrial Average&nbsp;dropped 383 points, or 1.1%, while the S&amp;P 500&nbsp;fell 1.1%. The Nasdaq Composite&nbsp;declined 0.9%. All three finished near their lows of the day.</p><p><blockquote>道琼斯工业平均指数下跌383点，跌幅1.1%，标普500下跌1.1%。纳斯达克综合指数下跌 0.9%。三者都接近当天的低点。</blockquote></p><p> Fed governors have been dropping hints in recent weeks that the beginning of the end of the central bank’s bond buying was nearing, and the minutes confirmed that&nbsp;taperingis at hand. “Most participants noted that …it could be appropriate to start reducing the pace of asset purchases this year,” the minutes read.</p><p><blockquote>最近几周，美联储理事们一直在暗示央行即将结束债券购买，会议纪要也证实了缩减债券规模即将到来。“会议纪要写道：”大多数与会者指出.今年开始放慢资产购买步伐可能是合适的。</blockquote></p><p> The assessment comes as&nbsp;the economy has recovered quickly, and reflects that the Fed is now focused on when—and how quickly—to remove support from the economy.</p><p><blockquote>该评估是在经济迅速复苏之际做出的，反映出美联储现在正关注何时以及以多快的速度取消对经济的支持。</blockquote></p><p> The selloff was broad. About 83% of S&amp;P 500 stocks fell on the day, according to FactSet. This dynamics often reflects concern about how the market will perform without the Fed there to support it.</p><p><blockquote>抛售范围很广。FactSet 的数据显示，当天约 83% 的标普500股票下跌。这种动态通常反映出人们对如果没有美联储的支持，市场将如何表现的担忧。</blockquote></p><p> Now, it’s just a question of when tapering will begin. It’ “is going to be September or December,” said Dave Wagner, portfolio manager and analyst at Aptus Capital Advisors. “Everyone is focusing on Jackson Hole in my opinion,” he continued, referring to the conclave of central bankers that occurs later this month in Jackson Hole, Wyo.</p><p><blockquote>现在，只是何时开始缩减规模的问题。Aptus Capital Advisors 的投资组合经理兼分析师戴夫-瓦格纳（Dave Wagner）说：“这将是 9 月或 12 月。”“在我看来，每个人都在关注杰克逊霍尔，”他继续说道，指的是本月晚些时候将在怀俄明州杰克逊霍尔举行的央行行长秘密会议。</blockquote></p><p> Strangely, the bond market didn’t react all that much, with the 10-year Treasury yield closing at 1.27%, where it hovered for most of the day. The 2-year yield, which often moves higher when market participants see the Fed hiking short-term interest rates sooner, ended at 0.21%, lower than the 0.22% it hit in the morning.</p><p><blockquote>奇怪的是，债券市场并没有太大反应，10 年期国债收益率收于 1.27%，在当天的大部分时间里都徘徊在这一水平。当市场参与者看到美联储提前加息时，2年期国债收益率通常会走高，收于0.21%，低于上午触及的0.22%。</blockquote></p><p> “I don’t think we’ve learned anything new,” said Tom Graff, head of fixed income at Brown Advisory. Graff added that the consensus for a short-term interest rate hikes in 2022 or 2023 hasn’t changed.</p><p><blockquote>“布朗咨询公司固定收益主管汤姆-格拉夫（Tom Graff）说：”我认为我们没有学到任何新东西。格拉夫补充说，2022 年或 2023 年短期加息的共识没有改变。</blockquote></p><p> A weak market, however, couldn’t keep some stocks down. For some, it was about earnings.Lowe’s&nbsp;(ticker: LOW) stock rose 9.6% after&nbsp;reporting a profit&nbsp;of $4.25 a share, beating estimates of $4.01 a share, on sales of $27.6 billion, above expectations for $26.9 billion.TJX&nbsp;(TJX) stock rose 6% after reporting&nbsp;a profit&nbsp;of 64 cents a share, beating estimates of 59 cents a share, on sales of $12.1 billion, above expectations for $11 billion.</p><p><blockquote>然而，疲软的市场并没有让一些股票下跌。对一些人来说，这与盈利有关。劳氏（股票代码：LOW）公布每股利润 4.25 美元，高于预期的每股 4.01 美元，销售额为 276 亿美元，高于预期的 269 亿美元。TJX (TJX) 公布每股利润 64 美分，高于预期的每股 59 美分，销售额为 121 亿美元，高于预期的 110 亿美元。</blockquote></p><p> Others were buoyed by analyst upgrades, with ViacomCBS (VIAC) stock rose 3.7% after getting upgraded to Overweight from Equal Weight at Wells Fargo, and BlackBerry (BB) stock gained 4.2% after getting upgraded to Hold from Sell at Canaccord Genuity.</p><p><blockquote>其他股票则受到分析师评级上调的提振，维亚康姆哥伦比亚广播公司 (VIAC) 股价在富国银行 (Wells Fargo) 从持有评级上调至跑赢大盘后上涨 3.7%，黑莓 (BB) 股价在 Canaccord Genuity 从卖出评级上调至持有后上涨 4.2%。</blockquote></p><p> Tilray&nbsp;(TLRY) stock rose 1.1% after the company bought senior secured convertible notes in marijuana company&nbsp;MedMen Enterprises.&nbsp;The notes would convert into an equity stake if&nbsp;cannabis is legalized in the U.S.</p><p><blockquote>Tilray（TLRY）股价上涨1.1%，此前该公司购买了大麻公司MedMen Enterprises的高级担保可转换票据。如果大麻在美国合法化，这些票据将转换成股权。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/stock-market-today-51629283162?mod=hp_LEAD_1\">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":{"TLRY":"Tilray Inc.","LOW":"劳氏",".IXIC":"NASDAQ Composite","BB":"黑莓",".SPX":"S&P 500 Index","TJX":"The TJX Companies Inc.",".DJI":"道琼斯"},"source_url":"https://www.barrons.com/articles/stock-market-today-51629283162?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173912409","content_text":"Stocks sold off Wednesday after the release of the minutes of the Federal Reserve’s July meeting.\nThe Dow Jones Industrial Average dropped 383 points, or 1.1%, while the S&P 500 fell 1.1%. The Nasdaq Composite declined 0.9%. All three finished near their lows of the day.\nFed governors have been dropping hints in recent weeks that the beginning of the end of the central bank’s bond buying was nearing, and the minutes confirmed that taperingis at hand. “Most participants noted that …it could be appropriate to start reducing the pace of asset purchases this year,” the minutes read.\nThe assessment comes as the economy has recovered quickly, and reflects that the Fed is now focused on when—and how quickly—to remove support from the economy.\nThe selloff was broad. About 83% of S&P 500 stocks fell on the day, according to FactSet. This dynamics often reflects concern about how the market will perform without the Fed there to support it.\nNow, it’s just a question of when tapering will begin. It’ “is going to be September or December,” said Dave Wagner, portfolio manager and analyst at Aptus Capital Advisors. “Everyone is focusing on Jackson Hole in my opinion,” he continued, referring to the conclave of central bankers that occurs later this month in Jackson Hole, Wyo.\nStrangely, the bond market didn’t react all that much, with the 10-year Treasury yield closing at 1.27%, where it hovered for most of the day. The 2-year yield, which often moves higher when market participants see the Fed hiking short-term interest rates sooner, ended at 0.21%, lower than the 0.22% it hit in the morning.\n“I don’t think we’ve learned anything new,” said Tom Graff, head of fixed income at Brown Advisory. Graff added that the consensus for a short-term interest rate hikes in 2022 or 2023 hasn’t changed.\nA weak market, however, couldn’t keep some stocks down. For some, it was about earnings.Lowe’s (ticker: LOW) stock rose 9.6% after reporting a profit of $4.25 a share, beating estimates of $4.01 a share, on sales of $27.6 billion, above expectations for $26.9 billion.TJX (TJX) stock rose 6% after reporting a profit of 64 cents a share, beating estimates of 59 cents a share, on sales of $12.1 billion, above expectations for $11 billion.\nOthers were buoyed by analyst upgrades, with ViacomCBS (VIAC) stock rose 3.7% after getting upgraded to Overweight from Equal Weight at Wells Fargo, and BlackBerry (BB) stock gained 4.2% after getting upgraded to Hold from Sell at Canaccord Genuity.\nTilray (TLRY) stock rose 1.1% after the company bought senior secured convertible notes in marijuana company MedMen Enterprises. The notes would convert into an equity stake if cannabis is legalized in the U.S.","news_type":1,"symbols_score_info":{"VIAC":0.9,".DJI":0.9,"LOW":0.9,"TLRY":0.9,"TJX":0.9,"BB":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":749,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":833210308,"gmtCreate":1629244643504,"gmtModify":1633686333920,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090653556002830","idStr":"4090653556002830"},"themes":[],"title":"","htmlText":"Don't raise pls","listText":"Don't raise pls","text":"Don't raise pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/833210308","repostId":"2160783879","repostType":4,"isVote":1,"tweetType":1,"viewCount":681,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":815691744,"gmtCreate":1630672995388,"gmtModify":1632467688578,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090653556002830","authorIdStr":"4090653556002830"},"themes":[],"title":"","htmlText":"Up or down?","listText":"Up or down?","text":"Up or down?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/815691744","repostId":"1136001031","repostType":4,"repost":{"id":"1136001031","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":1630672320,"share":"https://www.laohunote.com/m/news/1136001031?lang=zh_CN&edition=full","pubTime":"2021-09-03 20:32","market":"us","language":"en","title":"August nonfarm payrolls increase 235,000 vs. 720,000 estimate<blockquote>8 月份非农就业人数增加 235,000 人，而预期为 720,000 人</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1136001031","media":"Tiger Newspress","summary":"Job creation for August was a huge disappointment, with the economy adding just 235,000 positions, t","content":"<p>Job creation for August was a huge disappointment, with the economy adding just 235,000 positions, the Labor Department reported Friday.</p><p><blockquote>美国劳工部周五报告称，8 月份的就业创造令人非常失望，经济仅增加了 235,000 个就业岗位。</blockquote></p><p> Economists surveyed by Dow Jones had been looking for 720,000 new hires.</p><p><blockquote>道琼斯调查的经济学家一直在寻找72万名新员工。</blockquote></p><p> The unemployment rate dropped to 5.2% from 5.4%, in line with estimates.</p><p><blockquote>失业率从5.4%降至5.2%，符合预期。</blockquote></p><p> August’s total was the worst since January and comes with heightened fears of the pandemic and the impact that rising Covid cases could have on what has been so far a mostly robust recovery.</p><p><blockquote>8 月份的总数是自 1 月份以来最糟糕的，与此同时，人们对大流行病的担忧加剧，以及 Covid 病例的增加可能对迄今为止基本强劲的复苏产生的影响。</blockquote></p><p> Weekly jobless filings have fallen to their lowest levels since the early days of the pandemic in March 2020, but a large employment gap remains.</p><p><blockquote>每周申请失业救济人数已降至2020年3月疫情初期以来的最低水平，但巨大的就业缺口仍然存在。</blockquote></p><p> It’s not that there aren’t enough jobs out there: Placement firm Indeed estimates that there are about 10.5 million openings now, easily a record for the U.S. labor market.</p><p><blockquote>这并不是说没有足够的工作岗位： 据职业介绍公司 Indeed 估计，目前约有 1050 万个职位空缺，这很容易创下美国劳动力市场的纪录。</blockquote></p><p> Federal Reserve officials are watching the jobs numbers closely for clues as to whether they can start easing back some of the policy help they’ve been providing since the pandemic started.</p><p><blockquote>美联储官员正在密切关注就业数据，以寻找他们是否可以开始放松自大流行病开始以来一直提供的一些政策帮助的线索。</blockquote></p><p> In recent weeks, central bank leaders have expressed optimism about the employment picture but said they would need to see continued strength before changing course. At stake for now is the Fed’s massive monthly bond-buying program, which could start getting scaled back before the end of the year.</p><p><blockquote>最近几周，央行领导人对就业前景表示乐观，但表示他们需要看到就业持续走强才能改变方向。目前危在旦夕的是美联储每月大规模债券购买计划，该计划可能会在年底前开始缩减规模。</blockquote></p><p> However, if the jobs data gets softer that could prompt Fed officials to wait until 2022 before tightening.</p><p><blockquote>然而，如果就业数据变得疲软，可能会促使美联储官员等到 2022 年再收紧货币政策。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>August nonfarm payrolls increase 235,000 vs. 720,000 estimate<blockquote>8 月份非农就业人数增加 235,000 人，而预期为 720,000 人</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\">\nAugust nonfarm payrolls increase 235,000 vs. 720,000 estimate<blockquote>8 月份非农就业人数增加 235,000 人，而预期为 720,000 人</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-09-03 20:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Job creation for August was a huge disappointment, with the economy adding just 235,000 positions, the Labor Department reported Friday.</p><p><blockquote>美国劳工部周五报告称，8 月份的就业创造令人非常失望，经济仅增加了 235,000 个就业岗位。</blockquote></p><p> Economists surveyed by Dow Jones had been looking for 720,000 new hires.</p><p><blockquote>道琼斯调查的经济学家一直在寻找72万名新员工。</blockquote></p><p> The unemployment rate dropped to 5.2% from 5.4%, in line with estimates.</p><p><blockquote>失业率从5.4%降至5.2%，符合预期。</blockquote></p><p> August’s total was the worst since January and comes with heightened fears of the pandemic and the impact that rising Covid cases could have on what has been so far a mostly robust recovery.</p><p><blockquote>8 月份的总数是自 1 月份以来最糟糕的，与此同时，人们对大流行病的担忧加剧，以及 Covid 病例的增加可能对迄今为止基本强劲的复苏产生的影响。</blockquote></p><p> Weekly jobless filings have fallen to their lowest levels since the early days of the pandemic in March 2020, but a large employment gap remains.</p><p><blockquote>每周申请失业救济人数已降至2020年3月疫情初期以来的最低水平，但巨大的就业缺口仍然存在。</blockquote></p><p> It’s not that there aren’t enough jobs out there: Placement firm Indeed estimates that there are about 10.5 million openings now, easily a record for the U.S. labor market.</p><p><blockquote>这并不是说没有足够的工作岗位： 据职业介绍公司 Indeed 估计，目前约有 1050 万个职位空缺，这很容易创下美国劳动力市场的纪录。</blockquote></p><p> Federal Reserve officials are watching the jobs numbers closely for clues as to whether they can start easing back some of the policy help they’ve been providing since the pandemic started.</p><p><blockquote>美联储官员正在密切关注就业数据，以寻找他们是否可以开始放松自大流行病开始以来一直提供的一些政策帮助的线索。</blockquote></p><p> In recent weeks, central bank leaders have expressed optimism about the employment picture but said they would need to see continued strength before changing course. At stake for now is the Fed’s massive monthly bond-buying program, which could start getting scaled back before the end of the year.</p><p><blockquote>最近几周，央行领导人对就业前景表示乐观，但表示他们需要看到就业持续走强才能改变方向。目前危在旦夕的是美联储每月大规模债券购买计划，该计划可能会在年底前开始缩减规模。</blockquote></p><p> However, if the jobs data gets softer that could prompt Fed officials to wait until 2022 before tightening.</p><p><blockquote>然而，如果就业数据变得疲软，可能会促使美联储官员等到 2022 年再收紧货币政策。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136001031","content_text":"Job creation for August was a huge disappointment, with the economy adding just 235,000 positions, the Labor Department reported Friday.\nEconomists surveyed by Dow Jones had been looking for 720,000 new hires.\nThe unemployment rate dropped to 5.2% from 5.4%, in line with estimates.\nAugust’s total was the worst since January and comes with heightened fears of the pandemic and the impact that rising Covid cases could have on what has been so far a mostly robust recovery.\nWeekly jobless filings have fallen to their lowest levels since the early days of the pandemic in March 2020, but a large employment gap remains.\nIt’s not that there aren’t enough jobs out there: Placement firm Indeed estimates that there are about 10.5 million openings now, easily a record for the U.S. labor market.\nFederal Reserve officials are watching the jobs numbers closely for clues as to whether they can start easing back some of the policy help they’ve been providing since the pandemic started.\nIn recent weeks, central bank leaders have expressed optimism about the employment picture but said they would need to see continued strength before changing course. At stake for now is the Fed’s massive monthly bond-buying program, which could start getting scaled back before the end of the year.\nHowever, if the jobs data gets softer that could prompt Fed officials to wait until 2022 before tightening.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2104,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813897147,"gmtCreate":1630164974789,"gmtModify":1704956676659,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090653556002830","authorIdStr":"4090653556002830"},"themes":[],"title":"","htmlText":"Like like pls pls","listText":"Like like pls pls","text":"Like like pls pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/813897147","repostId":"1184130616","repostType":4,"repost":{"id":"1184130616","kind":"news","pubTimestamp":1630111537,"share":"https://www.laohunote.com/m/news/1184130616?lang=zh_CN&edition=full","pubTime":"2021-08-28 08:45","market":"us","language":"en","title":"Wall Street Crime And Punishment: Bernard Ebbers And WorldCom's Seriously Wrong Numbers<blockquote>华尔街的犯罪与惩罚：伯纳德·埃伯斯和世通的严重错误数字</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184130616","media":"Benzinga","summary":"Does crime pay?\nAmong the mightiest of the high-profile corporate executives that dominated the head","content":"<p><div> Does crime pay? Among the mightiest of the high-profile corporate executives that dominated the headlines in the 1990s and early 2000s,Bernard Ebbersphysically stood out from his peers — the 6-foot-4 ...</p><p><blockquote><div>犯罪有报酬吗？在20世纪90年代和21世纪初占据头条新闻的知名企业高管中，伯纳德·埃伯在身高6英尺4英寸的同龄人中脱颖而出……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Crime And Punishment: Bernard Ebbers And WorldCom's Seriously Wrong Numbers<blockquote>华尔街的犯罪与惩罚：伯纳德·埃伯斯和世通的严重错误数字</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\">\nWall Street Crime And Punishment: Bernard Ebbers And WorldCom's Seriously Wrong Numbers<blockquote>华尔街的犯罪与惩罚：伯纳德·埃伯斯和世通的严重错误数字</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-08-28 08:45</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Does crime pay? Among the mightiest of the high-profile corporate executives that dominated the headlines in the 1990s and early 2000s,Bernard Ebbersphysically stood out from his peers — the 6-foot-4 ...</p><p><blockquote><div>犯罪有报酬吗？在20世纪90年代和21世纪初占据头条新闻的知名企业高管中，伯纳德·埃伯在身高6英尺4英寸的同龄人中脱颖而出……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HRB":"H&R布洛克税务"},"source_url":"https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184130616","content_text":"Does crime pay?\nAmong the mightiest of the high-profile corporate executives that dominated the headlines in the 1990s and early 2000s,Bernard Ebbersphysically stood out from his peers — the 6-foot-4 head of WorldCom was dubbed the “telecom cowboy” thanks to his sartorial preference for jeans, cowboy boots and a 10-gallon hat.\nEbbers also stood out from his peers for tightly holding on to Luddite practices as the digital age dawned. He famously refused to communicate with his workforce via email. Even worse, he stood out thanks to a prickly personality that quickly seethed when confronted with unpleasant news. A 2002 profile in The Economist defined him as “parochial, stubborn, preoccupied with penny-pinching … a difficult man to work for.”\nBut ultimately, Ebbers stood out for being at the center of what was (at the time) the largest accounting fraud in U.S. history, which was followed by the harshest prison sentence ever imposed on a corporate executive for financial crimes.\nA Man In Search Of Himself: Bernard John Ebbers was born Aug. 27, 1941, in Edmonton, Alberta, the second of five children. His father John was a traveling salesman and his peripatetic profession brought the family down from Canada into California, where he jettisoned his sales work and became an auto mechanic. The family later relocated to Gallup, New Mexico, where Ebbers’ parents became teachers on the Navajo Nation Indian reservation.\nThe Ebbers clan was back in Canada when Ebbers was a teenager and Bernie (as he was commonly known) came into adulthood unable to determine a course for his life. He attended Canada’s University of Alberta and Michigan’s Calvin College before accepting a basketball scholarship to Mississippi College. But he was the victim of a robbery prior to his senior year that left him seriously injured and switched his attention from playing to coaching the junior varsity team.\nEbbers graduated in 1967 majoring in physical education and minoring in secondary education. He supported himself during his college years by taking on a variety of odd jobs including a bouncer and milk delivery driver. He married his college sweetheart,Linda Pigott,after graduating and landed work teaching science to middle-school students while coaching high school basketball.\nBut Ebbers didn’t stay very long in the school system. When his wife received a job offer as a teacher in another Mississippi town, the couple relocated and he found work managing a garment factory warehouse. By 1974, he tired of working for others and responded to a newspaper advertisement seeking a buyer for a motel in Columbia, Mississippi.\nEbbers’ approach to running a hospitality establishment sometimes bordered on the eccentric. He would distribute bathroom towels at the front desk and require guests to return them to avoid being charged for taking them. Nonetheless, he found a niche in hospitality management and by the early 1980s he owned and operated eight motels within Mississippi and Texas; he also picked up a car dealership that also proved profitable.\nCalling Out Around The World:Ebbers might have remained in the Mississippi hospitality industry had it not been for the 1982 breakup ofAT&T Inc.'s T 0.41%monopoly on the U.S. telephone system. This created a seismic shift in the telecommunications world by enabling other companies to begin reselling long-distance telephone services.\nIn 1983, Ebbers and three friends met at a diner in Hattiesburg, Mississippi, to consider the feasibility of pursuing this newly opened opportunity. Ebbers theorized that having control of his long-distance calling services could benefit his motel business. In the days before mobile phones, guests in lodging establishments in need of long-distance calling would either have to feed handfuls of quarters into payphones or make calls from their rooms, which usually came with extra fees.\nEbbers and his pals decided to get into the telecommunications business with Long Distance Discount Services, which they established in 1985 with headquarters in Jackson, Mississippi, with Ebbers as CEO.\nCarl J. Aycock,a Mississippi financial advisor who was among the early investors in LDDS, would later laugh at the unlikelihood of Ebbers running a telecom company.\n“The only experience Bernie had before operating a long-distance company was he used the phone,” Aycock quipped in a 1997 interview.\nMaybe Ebbers did not possess an encyclopedic knowledge of telecommunications technology, but the good fortune he enjoyed in the motel business transitioned to this unlikely setting. Within four years of its launch, LDDS was being publicly traded.\nWithin 10 years of its opening, LDDS took on an almost Pac Man-style persona of gobbling up telecom firms in sight of the company, acquiring more than 60 different telecommunications company. By 1995, the company renamed itself LDDS WorldCom.\nMany of the company’s acquisitions were on the small side, and the company was never considered a major player in the telecom industry until its $720 million acquisition of Advanced Telecommunications Corporation in 1992.\nThe unlikely acquisition came with Ebbers’ ability to outbid industry titans AT&T and Sprint Corporation,both considerably larger players in this field.\nThe one unfortunate development during this time was the end of Ebbers’ marriage in 1997. He remarried in 1999 to Kristie Webb.\nIn February 1998, Ebbers’ company launched its acquisition plans for CompuServe from H&R Block Inc.\nThis transaction was followed by an astonishing spin of assets: LDDS sold the CompuServe Information Service portion of its acquisition toAmerica Online,while retaining the CompuServe Network Services portion of the business. AOL simultaneously sold LDDS WorldCom its networking division, Advanced Network Services.\nIn September 1998, LDDS WorldCom sealed a $37 billion union with MCI Communications,which created the largest corporate merger in U.S. history. The combined entity became MCI WorldCom, and for Ebbers it seemed that the sky was the limit — except that Ebbers’ ability to soar in the corporate skies resulted in an Icarus-worthy predicament.\nA Little Out Of Touch:One year after the CompuServe and MCI deals, Ebbers’ company boasted an 80,000-person workforce, a market capitalization of roughly $185 billion and its shares were trading at a peak of nearly $62.\nAt the peak of the company’s success, Ebbers granted an interview to The New York Times aboard his 130-yacht, which he berthed in the resort town of Hilton Head, South Carolina. He claimed that the secret of his success was “not as complicated as people make it out to be,” adding that he surrounded himself with experts who advised him on which moves to make.\n“I’m not an engineer by training,” he said. “I’m not an accountant by training. I’m the coach. I’m not the point guard who shoots the ball.”\nBut as the company grew larger, Ebbers penny-pinching behavior during his early motel management days became more extreme. WorldCom executives would later complain that Ebbers stopped providing free coffee within their offices and directed security guards fill the water coolers with tap water.\nAnd for the head of a telecommunications company, Ebbers was curiously distrustful of cutting-edge tech developments. He refused to communicate via email and would not carry a pager or a cell phone. He would explain his actions internally by repeating “That’s the way we did it at LDDS,” and in a 1997 Business Week interview about this behavior he claimed that “when you come to the table with a (physical education) degree like I do, you don't know a lot about the technical stuff.”\nWhile Ebbers’ arms-length distance from personal technology could have been attributed to a zany quirk, there was another problem that couldn’t be happily shrugged away. As the company expanded, operational problems began to permeate the multiple divisions. Ebbers would become impatient or worse when confronted with problems, to the point that he would angrily demand that he only wanted to be addressed with good news.\nIn retrospect, Ebbers’ refusal to acknowledge that his company was growing too fast and too large proved to be a fatal flaw, especially when the corporate culture began to manufacture good news in lieu of reporting problems. As a result, Ebbers’ XL-sized business empire was sustained by taking on massive amounts of debt and highly improper accounting.\nDetour Off The Cliff:The first cracks in this corporate story began in October 1999 when MCI WorldCom — which had become the second-largest long-distance telephone company in the country — announced a $129 billion merger with Sprint, the third-largest telecom carrier. Within nine months of this announcement, the merger was canceled in the face of pressure from U.S. and European regulators who feared a telecom monopoly would be born from this union. MCI WorldCom walked away from the failure by renaming itself as WorldCom.\nWith the rise of the new millennium came the fall of the dot-com industry, and almost any company that had a tech-related aspect found itself taking a financial tumble. When Ebbers’ company tried to cut corners and save money, it turned into an act of self-immolation.\nWorldcom’s network systems engineering division exhausted its annual capital expenditures budget by November 2000, with a senior manager ordering a halt to processing payments for network systems vendors and suppliers until the beginning of 2001.\nThe company’s chief technical officer,Fred Briggs,then ordered all of the labor associated with the capital projects in the network systems division to be booked as an expense rather than a capital project — and his directive was shared with other divisions in the company.\nA WorldCom budget analyst named Kim Amighin the company’s Richardson, Texas, office recognized the legal ramifications of intentionally mischaracterizing capital expenses and lodged a protest against the order. The directive was canceled and so was Amigh — three months after his action, Amigh was abruptly laid off from the company.\nBut Vice President of Internal Audit Cynthia Cooper learned of Amigh’s findings and picked up his trail. Her department began combing through WorldCom’s accounts and found $2 billion that the company claimed in its public filings was spent on capital expenditures during the first three quarters of 2001 — except that the funds were never authorized for that purpose and were clearly operating costs moved into the capital expenditure accounting as a way to make WorldCom look more profitable.\nCooper could not find anyone in the WorldCom leadership ranks to explain the $2 billion discrepancy. Most executives said it was a “prepaid capacity,” a meaningless term which they couldn’t define when pressed by Cooper.\nAnd Cooper was not alone in her suspicions. The U.S. Securities and Exchange Commission could not fathom how WorldCom continued to claim robust profits during the dot-com period while its competitors were operating at a loss, and it sent forth a “Request for Information” to learn the secret of its success.\nAdding to this chaos were Ebbers’ personal financial woes, which became exacerbated during to dot-com crisis by margin calls on his WorldCom shares, which were tanking as the economy plummeted into a recession.\nTo alleviate his monetary pain, Ebbers borrowed $50 million from WorldCom in September 2000 — and then borrowed again and again. By April 2002, Ebbers was $400 million in debt to WorldCom and the board of directors demanded his resignation, which he provided.\nIn June 2002, WorldCom acknowledged its earnings reports contained $3.9 billion in accounting misstatements, with the figure later adjusted to $11 billion. In July 2002, the company declared bankruptcy and was delisted from public trading. Also during that month, Ebbers was called before the U.S. House of Representatives Committee on Financial Services to explain what happened. He pleaded the Fifth Amendment.\nRoad’s End:The efforts to bring Ebbers to trial got off to a weird start when the State of Oklahoma jumped the gun with a 15-count indictment, only to drop its charges in favor of federal prosecution.\nEbbers was indicted in May 2004 on seven counts of filing false statements with securities regulators plus one count each of conspiracy and securities fraud. Ebbers agreed to testify on his behalf, which many observers later considered to be a major mistake because he came across as evasive and unconvincing when insisting WorldCom’s downfall was solely the fault of his subordinates and that he was ignorant about how his company worked.\n“I know what I don’t know,” Ebbers said during his trial. “To this day, I don’t know technology, and I don’t know finance or accounting.”\nEbbers was found guilty on all counts and was sentenced to 25 years in prison, the longest sentence ever handed down in U.S. history for a financial fraud case against a corporate executive.\nHe remained free on bail while fighting to overturn the verdict, but the conviction was upheld in the U.S. Court of Appeals for the Second Circuit in July 2006. Two months later, he drove himself in his luxury Mercedes-Benz to a low-security Louisiana prison to begin his sentence. Two years later, his wife Kristie successfully filed for divorce.\nAfter 13 years behind bars, Ebbers was granted a compassionate release on Dec. 21, 2019, due to a deteriorating state of health that included macular degeneration that left him legally blind, anemia, a weakened heart condition and the beginnings of dementia. He returned to his home in Brookhaven, Mississippi, and passed away on Feb. 2, 2020.\nIn defining his rise to the top, Ebbers harkened back to his basketball days by insisting, “The coach's job is to get the best players and get them to play together.” But in explaining his fall from grace, Ebbers forgot that the core of coaching is accepting responsibility for the team’s performance and he blamed his “best players” for not being able to “play together” while absolving himself from their errors.\nSaid Ebbers when confronted with his ultimate failure as the corporate equivalent of a coach: “I didn't have anything to apologize for.”","news_type":1,"symbols_score_info":{"HRB":0.9}},"isVote":1,"tweetType":1,"viewCount":1849,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836002211,"gmtCreate":1629434173633,"gmtModify":1633684842929,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090653556002830","authorIdStr":"4090653556002830"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/836002211","repostId":"1174275574","repostType":4,"repost":{"id":"1174275574","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":1629431932,"share":"https://www.laohunote.com/m/news/1174275574?lang=zh_CN&edition=full","pubTime":"2021-08-20 11:58","market":"us","language":"en","title":"The \"Journal Account\" of US Stock（2021-8-19)<blockquote>美股“日记账”（2021-8-19）</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1174275574","media":"Tiger Newspress","summary":"Market overview\nAffected by the tightening of loose monetary policy by the Federal Reserve and the c","content":"<p><b>Market overview</b></p><p><blockquote><b>市场概况</b></blockquote></p><p> Affected by the tightening of loose monetary policy by the Federal Reserve and the continuous increase of&nbsp;cases in COVID-19, US stocks mixed, oil prices and copper prices fell, and the US dollar hit a nine-month high. NVIDIA Corp, Macy's and Robinhood released quarterly reports, with chip stocks rising, NVIDIA Corp up 3.98%, Macy's up 19.59% and Robinhood down 10.26%.</p><p><blockquote>受美联储收紧宽松货币政策和新冠肺炎病例持续增加影响，美股涨跌互现，油价和铜价下跌，美元触及九个月高点。英伟达公司、梅西百货和罗宾汉发布季报，芯片股上涨，英伟达公司上涨3.98%，梅西百货上涨19.59%，罗宾汉下跌10.26%。</blockquote></p><p> China Stocks continued to be under pressure, and American investors continued to reduce their position of China Stocks. According to the latest survey conducted by Bank of America, about 11% of the respondents believe that shorting Chinese stocks is the most crowded transaction, second only to long American technology stocks and long ESG. Since&nbsp;Hangzhou has the first official second-hand housing trading platform, with KE Holdings Inc. falling 14.86%, Alibaba falling 6.85%, JD.com falling 5.10% and Baidu falling 3.94%.</p><p><blockquote>中国股票继续承压，美国投资者继续减持中国股票。美国银行最新调查显示，约11%的受访者认为做空中国股票是最拥挤的交易，仅次于做多美国科技股和做多ESG。自杭州市拥有首个官方二手房交易平台以来，科创控股跌14.86%，阿里巴巴-SW跌6.85%，京东跌5.10%，百度跌3.94%。</blockquote></p><p> <b>Three senators were diagnosed</b></p><p><blockquote><b>三名参议员确诊</b></blockquote></p><p> Today, the third senator announced that he had been diagnosed in COVID-19, and there was a breakthrough case after injecting COVID-19 vaccine. The confirmed senators include Senator Angus King, 77, from Maine, Senator Roger Wicker, 70, from Mississippi, and Senator John Hickenlooper, 69, from Colorado. Earlier, Texas Governor Abbott announced that he had been diagnosed with Novel Coronavirus, and was reported to be the 11th governor diagnosed with COVID-19 in the United States. According to Bloomberg News, the number of hospitalized deaths in the United States is close to the peak in February.</p><p><blockquote>今天，第三位参议员宣布确诊新冠肺炎，注射新冠疫苗后出现突破性病例。确认的参议员包括来自缅因州的77岁参议员安格斯·金、来自密西西比州的70岁参议员罗杰·威克和来自科罗拉多州的69岁参议员约翰·希肯卢珀。此前，得州州长阿博特宣布确诊感染新型冠状病毒，据悉是美国第11位确诊感染新冠肺炎的州长。据彭博新闻社报道，美国住院死亡人数接近2月份的峰值。</blockquote></p><p> At present, there are 140,893 newly diagnosed cases in the United States in a single day, an increase of 47% compared with the average value 14 days ago; 809 new deaths were added in a single day, an increase of 97% compared with the average value 14 days ago; The number of new inpatients in a single day was 85,118, an increase of 56% compared with the average value 14 days ago.</p><p><blockquote>目前，美国单日新增确诊病例140893例，较14天前平均值增加47%；单日新增死亡病例809例，较14天前平均值增加97%；单日新增住院人数为85118人，与14天前的平均值相比增加了56%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ab33f66c26f6474bb043c8d42563dade\" tg-width=\"624\" tg-height=\"278\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The Biden administration said on Wednesday that in order to take measures to combat the rising cases of COVID-19, it called for the third shot for all adults who have been vaccinated with two doses of COVID-19 vaccine from September this year. At the same time, the Biden administration also indicated that it would require nursing homes to vaccinate their employees with COVID-19 vaccine, otherwise they would lose medical insurance and Medicaid funds. Biden signed a memorandum instructing the U.S. Department of Education to take all measures to ensure that students can safely return to school in the fall, including ensuring that students wear masks when returning to school.</p><p><blockquote>拜登政府周三表示，为了采取措施应对不断上升的新冠肺炎病例，呼吁从今年9月开始，为所有接种过两剂新冠肺炎疫苗的成年人注射第三针。同时，拜登政府还表示，将要求养老院为员工接种新冠疫苗，否则将失去医疗保险和医疗补助资金。拜登签署备忘录，指示美国。教育部将采取一切措施确保学生能够在秋季安全返校，包括确保学生返校时佩戴口罩。</blockquote></p><p> Vivek Murthy, an American public surgeon, said that although the current two-shot vaccine scheme is effective, as more studies show that the effectiveness of the vaccine will gradually decrease with the passage of time, and the vaccine against the&nbsp;Delta mutant strain needs additional boosters. At present, 51% of the population in the United States has been fully vaccinated with two shots of COVID-19 vaccine, and 80.9% of the population over 65 years old has been fully vaccinated with two shots. According to the Biden administration's vaccination strategy, the FDA will first vaccinate people over 65 years old from September 20th, and then extend it to other people. The third shot will use the same dose and vaccine as the first two shots.</p><p><blockquote>美国公共外科医生维韦克·穆尔蒂表示，虽然目前的两针疫苗方案有效，但随着更多研究表明，疫苗的有效性会随着时间的推移而逐渐下降，针对德尔塔变异毒株的疫苗需要额外的加强剂。目前，美国51%的人口已完全接种两剂新冠疫苗，80.9%的65岁以上人口已完全接种两剂新冠疫苗。根据拜登政府的疫苗接种策略，FDA将从9月20日起首先为65岁以上人群接种疫苗，随后扩展到其他人群。第三针将使用与前两针相同的剂量和疫苗。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f2c2083bcb2d15f83b0f92a24d5874c6\" tg-width=\"624\" tg-height=\"299\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> US stocks suffered turmoil this week after hitting a series of all-time highs on Monday. Although the quarterly report shows that the company's earnings are growing rapidly, investors are generally optimistic about the stock price outlook; However, some investors remain cautious, fearing that as the Federal Reserve gradually shrinks its asset purchase program, the rising number of confirmed cases of COVID-19 in the United States and around the world will weaken the global economic recovery. Simmons, chief investment officer of UBS Group AG Global Wealth Management UK, said that people are trying to find out what Delta mutant strain means, whether it will lead to more epidemic blockade measures, and whether it will damage economic growth. Goldman Sachs economists lowered their economic growth forecasts for the third quarter and the whole year of the United States, while Mericle, an economist at Goldman Sachs, said that it has been proved that the Delta variant strain has a greater impact on economic growth and inflation than previously expected.</p><p><blockquote>美国股市在周一创下一系列历史新高后，本周遭遇动荡。尽管一季报显示公司盈利快速增长，但投资者普遍看好股价前景；不过，一些投资者仍然持谨慎态度，担心随着美联储逐步缩减资产购买计划，美国和全球范围内不断上升的新冠肺炎确诊病例将削弱全球经济复苏。英国瑞银集团全球财富管理公司首席投资官西蒙斯表示，人们正试图弄清楚德尔塔变异毒株意味着什么，是否会导致更多的疫情封锁措施，是否会损害经济增长。高盛经济学家下调了美国第三季度和全年经济增长预期，而高盛经济学家梅里克尔表示，事实证明，德尔塔变异毒株压力对经济增长和通胀的影响比此前预期更大。</blockquote></p><p> At the close, the DJIA Index fell 0.19% to 34,894.12 points; The S&amp;P 500 index rose 0.13% to 4405.80 points; Nasdaq index rose 0.11% to 14,541.79 points.</p><p><blockquote>截至收盘，道琼斯指数跌0.19%，报34894.12点；标普500指数上涨0.13%，报4405.80点；纳斯达克指数上涨0.11%，至14,541.79点。</blockquote></p><p> <b>Three companies issue quarterly reports</b></p><p><blockquote><b>三家公司发布季度报告</b></blockquote></p><p></p><p> NVIDIA Corp's revenue in the second quarter was better than expected, mainly due to the continuous strong demand for its equipment from computer gamers and cryptocurrency miners, and its sales and net profit in the second quarter both reached record highs. Revenue in the second quarter was $6.51 billion, a year-on-year increase of 68%; Net profit was $2.37 billion, almost double that of the same period last year. Its new generation graphics card can provide high-quality images and fast frame rate, which is very popular among gamers. At the same time, this graphics card also meets the computing power requirements of cryptocurrency mining.</p><p><blockquote>英伟达公司第二季度营收好于预期，主要得益于电脑游戏玩家和加密货币矿工对其设备的需求持续强劲，第二季度销售额和净利润均创历史新高。第二季度营收65.1亿美元，同比增长68%；净利润为23.7亿美元，几乎是去年同期的两倍。其新一代显卡可以提供高质量的图像和快速的帧速率，深受游戏玩家的欢迎。同时，这款显卡也满足了加密货币挖矿的算力要求。</blockquote></p><p> Although the global chip shortage has caused some automobile manufacturers to suspend production, the sales volume of chip companies as a whole is still rising steadily. Officials in the chip industry expect the situation that led to the production reduction of automobiles and pushed up the prices of some electronic products to ease in the coming months. CEO of Intel&nbsp;Gelsinger said that the imbalance between supply and demand in the chip industry will continue until 2023, and the shortage is pushing up the manufacturing costs of some Intel. The company is focusing on industry integration to increase profits.</p><p><blockquote>虽然全球芯片短缺导致部分汽车厂商停产，但芯片企业整体销量仍在稳步上升。芯片行业官员预计，导致汽车减产并推高部分电子产品价格的局面将在未来几个月得到缓解。英特尔CEO基辛格表示，芯片行业的供需失衡将持续到2023年，短缺正在推高部分英特尔的制造成本。公司正专注于行业整合，以增加利润。</blockquote></p><p> As of the close, NVIDIA Corp rose 0.48%, Intel rose 0.48% and AMD rose 0.25%. The following figure shows the price trends of the three stocks this year.</p><p><blockquote>截至收盘，英伟达公司涨0.48%，英特尔涨0.48%，AMD涨0.25%。下图显示了三只股票今年以来的价格走势。</blockquote></p><p> </p><p> <img src=\"https://static.tigerbbs.com/eea28492e81fc5a3cda3c2dfc435dcdb\" tg-width=\"554\" tg-height=\"238\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Macy's, Kohl,&nbsp;and Tapestry, the parent company of Coach, all reported substantial sales growth in the second quarter. Macy's's sales in the second quarter were $5.65 billion, an increase of 62% compared with 2020 and a slight increase compared with the same-store sales in 2019. CEO&nbsp;Gennette of Macy's said that there is no evidence that sales are slowing down due to the surge in Novel Coronavirus, and the greater concern comes from the risks of supply chain and labor shortage. At the same time, Macy's is attracting new customers by adding new products, including selling toy business ToysToys \"R\" Us in 400 entities and online stores. Sales of Kohl and Tapestry also returned to pre-epidemic levels, and all three raised their annual performance guidelines. However, Siegel of BMO Capital Markets Stock Research said that no one predicted that the current high level of retail industry would be sustainable, and retail executives were worried about whether the bubble would burst, whether it was Delta mutant strain or something else.</p><p><blockquote>梅西百货、科尔百货和蔻驰母公司Tapestry均报告第二季度销售额大幅增长。梅西百货第二季度销售额为56.5亿美元，较2020年增长62%，较2019年同店销售额略有增长。梅西百货首席执行官Gennette表示，没有证据表明销售因新型冠状病毒激增而放缓，更大的担忧来自供应链和劳动力短缺的风险。与此同时，梅西百货正在通过增加新产品来吸引新客户，包括在400家实体和网上商店销售玩具业务玩具“反斗城”。Kohl和Tapestry的销售额也回到了疫情前的水平，三家都上调了年度业绩指引。不过，BMO Capital Markets Stock Research的Siegel表示，没有人预测零售业目前的高水平将是可持续的，零售业高管担心泡沫是否会破裂，无论是德尔塔变异毒株还是其他什么。</blockquote></p><p> Meanwhile, according to the Wall Street Journal, Amazon.com is opening large physical retail stores similar to department stores to enter the retail industry. The first batch of department stores will be located in Ohio and California, which will occupy less space than traditional retail stores. It is reported that it is uncertain which brands will be sold in these retail stores, but it is expected that Amazon.com's own brands will occupy a major position.</p><p><blockquote>与此同时，据《华尔街日报》报道，亚马逊正在开设类似百货商店的大型实体零售店，进军零售业。首批百货商店将设在俄亥俄州和加利福尼亚州，相比传统零售店占用的空间更少。据悉，目前还不确定这些零售店将出售哪些品牌，但预计亚马逊自有品牌将占据主要位置。</blockquote></p><p> As of the close, Macy's rose by 19.59%, Kohl rose by 7.29%, and Amazon.com fell by 0.42%. The following figure shows the price trends of the three stocks in recent two months.</p><p><blockquote>截至收盘，梅西百货涨19.59%，科尔百货涨7.29%，亚马逊跌0.42%。下图显示了三只股票近两个月的价格走势。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bba865f6fb449cb9bed8d64dea30c414\" tg-width=\"624\" tg-height=\"275\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Robinhood recorded a net loss of $502 million in its first financial report, with total revenue of $5.65; In the second quarter of last year, the company had a net profit of $58 million and total revenue of $244 million. Robinhood said it made a huge loss in February when it raised $2. 4 billion in emergency financing. Among the users who use Robinhood platform to trade, nearly 14.2 million users have traded digital assets, accounting for about 63% of the company's customer base, with a profit of about $233 million; Among them, 2/3 traders are dogecoin traders. The increase in the proportion of users trading digital assets has helped alleviate the slowdown in other businesses of Robinhood, including the weakening interest of retail investors in meme stocks. As of the close, Robinhood fell 10.26%.</p><p><blockquote>Robinhood在首份财报中录得净亏损5.02亿美元，总营收5.65美元；去年第二季度，该公司净利润为5800万美元，总收入为2.44亿美元。Robinhood表示，该公司在2月份筹集了24亿美元的紧急融资时遭受了巨大损失。在使用Robinhood平台进行交易的用户中，有近1420万用户进行了数字资产交易，约占公司客户群的63%，利润约为2.33亿美元；其中，2/3的交易者是狗狗币交易者。交易数字资产的用户比例增加有助于缓解Robinhood其他业务的放缓，包括散户投资者对meme股票的兴趣减弱。截至收盘，Robinhood下跌10.26%。</blockquote></p><p> <b>China stocks continue to be under pressure</b></p><p><blockquote><b>中国股市持续承压</b></blockquote></p><p> The regulatory pressure on Chinese stocks in China and the United States continues to increase. On Monday, SEC Chairman Gensler once again issued a risk warning to American investors on investing in Chinese companies. On the 19th, the Supreme People's Court solicited opinions from the society on some issues of anti-unfair competition law. The NASDAQ China Index fell continuously after the implementation of the policy of the Beijing Municipal Education Commission on double reduction of education and training industries.</p><p><blockquote>中国和美国对中概股的监管压力持续加大。本周一，SEC主席詹斯勒再次就投资中国企业向美国投资者发出风险提示。19日，最高人民法院就反不正当竞争法若干问题向社会征求意见。北京市教委教育培训行业双减政策实施后，纳斯达克中文指数连续下跌。</blockquote></p><p></p><p> According to the latest survey of fund managers in Bank of America, about 11% of the respondents think that shorting Chinese stocks is the most crowded transaction, second only to long American technology stocks and long ESG stocks, and shorting Chinese stocks is higher than trading long US Treasury bonds. About 16% of the respondents said that China policy is the biggest risk at present, compared with almost zero in July, and the risk ranking of China policy is second only to inflation, deflation panic, COVID-19 pandemic, and asset bubble.</p><p><blockquote>美国银行对基金经理的最新调查显示，约11%的受访者认为做空中国股票是最拥挤的交易，仅次于做多美国科技股和做多ESG股票，做空中国股票高于做多美国国债。约16%的受访者表示，中国政策是目前最大的风险，而7月份几乎为零，中国政策的风险排名仅次于通胀、通缩恐慌、新冠疫情和资产泡沫。</blockquote></p><p> Cathie Wood said in an interview with CNBC today that the constraint by Chinese regulators will have a lasting impact on investor sentiment, and the affected stocks will not rise soon; The memory of nationalizing the online education industry will exist for a long time, and such measures are likely to appear in any other industry. According to Bloomberg reported on the 17th, SoftBank sold about $14 billion worth of shares in the second quarter, and Masayoshi Son withdrew more funds from the secondary market to invest in private start-ups.</p><p><blockquote>Cathie Wood今日在接受CNBC采访时表示，中国监管机构的约束将对投资者情绪产生持久影响，受影响的股票不会很快上涨；在线教育行业国有化的记忆将长期存在，这样的举措很可能出现在任何其他行业。据彭博社17日报道，软银在第二季度出售了价值约140亿美元的股票，孙正义从二级市场撤出更多资金，用于投资民营初创企业。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/484f1e076474977c8b0044665e8fd940\" tg-width=\"575\" tg-height=\"368\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> At the same time, Hangzhou second-hand housing transaction supervision service platform officially launched the function of listing houses independently. According to the agency, this function is mainly&nbsp;to break the mode of selling houses by intermediaries and provide individuals with channels for publishing information on selling houses by independent transactions, the listing information is only open to individual real-name users, and brokers cannot view it. As of the close, KE Holdings Inc. fell 14.86%, Alibaba fell 6.85%, JD.com fell 5.10% and Baidu fell 3.94%.</p><p><blockquote>同时，杭州市二手房交易监管服务平台正式上线独立挂牌房源功能。该机构介绍，该功能主要是打破中介卖房的模式，为个人提供发布自主交易卖房信息的渠道，挂牌信息只对个人实名用户开放，经纪人无法查看。截至收盘，科控股跌14.86%，阿里巴巴-SW跌6.85%，京东跌5.10%，百度跌3.94%。</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>The \"Journal Account\" of US Stock（2021-8-19)<blockquote>美股“日记账”（2021-8-19）</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe \"Journal Account\" of US Stock（2021-8-19)<blockquote>美股“日记账”（2021-8-19）</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\">2021-08-20 11:58</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>Market overview</b></p><p><blockquote><b>市场概况</b></blockquote></p><p> Affected by the tightening of loose monetary policy by the Federal Reserve and the continuous increase of&nbsp;cases in COVID-19, US stocks mixed, oil prices and copper prices fell, and the US dollar hit a nine-month high. NVIDIA Corp, Macy's and Robinhood released quarterly reports, with chip stocks rising, NVIDIA Corp up 3.98%, Macy's up 19.59% and Robinhood down 10.26%.</p><p><blockquote>受美联储收紧宽松货币政策和新冠肺炎病例持续增加影响，美股涨跌互现，油价和铜价下跌，美元触及九个月高点。英伟达公司、梅西百货和罗宾汉发布季报，芯片股上涨，英伟达公司上涨3.98%，梅西百货上涨19.59%，罗宾汉下跌10.26%。</blockquote></p><p> China Stocks continued to be under pressure, and American investors continued to reduce their position of China Stocks. According to the latest survey conducted by Bank of America, about 11% of the respondents believe that shorting Chinese stocks is the most crowded transaction, second only to long American technology stocks and long ESG. Since&nbsp;Hangzhou has the first official second-hand housing trading platform, with KE Holdings Inc. falling 14.86%, Alibaba falling 6.85%, JD.com falling 5.10% and Baidu falling 3.94%.</p><p><blockquote>中国股票继续承压，美国投资者继续减持中国股票。美国银行最新调查显示，约11%的受访者认为做空中国股票是最拥挤的交易，仅次于做多美国科技股和做多ESG。自杭州市拥有首个官方二手房交易平台以来，科创控股跌14.86%，阿里巴巴-SW跌6.85%，京东跌5.10%，百度跌3.94%。</blockquote></p><p> <b>Three senators were diagnosed</b></p><p><blockquote><b>三名参议员确诊</b></blockquote></p><p> Today, the third senator announced that he had been diagnosed in COVID-19, and there was a breakthrough case after injecting COVID-19 vaccine. The confirmed senators include Senator Angus King, 77, from Maine, Senator Roger Wicker, 70, from Mississippi, and Senator John Hickenlooper, 69, from Colorado. Earlier, Texas Governor Abbott announced that he had been diagnosed with Novel Coronavirus, and was reported to be the 11th governor diagnosed with COVID-19 in the United States. According to Bloomberg News, the number of hospitalized deaths in the United States is close to the peak in February.</p><p><blockquote>今天，第三位参议员宣布确诊新冠肺炎，注射新冠疫苗后出现突破性病例。确认的参议员包括来自缅因州的77岁参议员安格斯·金、来自密西西比州的70岁参议员罗杰·威克和来自科罗拉多州的69岁参议员约翰·希肯卢珀。此前，得州州长阿博特宣布确诊感染新型冠状病毒，据悉是美国第11位确诊感染新冠肺炎的州长。据彭博新闻社报道，美国住院死亡人数接近2月份的峰值。</blockquote></p><p> At present, there are 140,893 newly diagnosed cases in the United States in a single day, an increase of 47% compared with the average value 14 days ago; 809 new deaths were added in a single day, an increase of 97% compared with the average value 14 days ago; The number of new inpatients in a single day was 85,118, an increase of 56% compared with the average value 14 days ago.</p><p><blockquote>目前，美国单日新增确诊病例140893例，较14天前平均值增加47%；单日新增死亡病例809例，较14天前平均值增加97%；单日新增住院人数为85118人，与14天前的平均值相比增加了56%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ab33f66c26f6474bb043c8d42563dade\" tg-width=\"624\" tg-height=\"278\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The Biden administration said on Wednesday that in order to take measures to combat the rising cases of COVID-19, it called for the third shot for all adults who have been vaccinated with two doses of COVID-19 vaccine from September this year. At the same time, the Biden administration also indicated that it would require nursing homes to vaccinate their employees with COVID-19 vaccine, otherwise they would lose medical insurance and Medicaid funds. Biden signed a memorandum instructing the U.S. Department of Education to take all measures to ensure that students can safely return to school in the fall, including ensuring that students wear masks when returning to school.</p><p><blockquote>拜登政府周三表示，为了采取措施应对不断上升的新冠肺炎病例，呼吁从今年9月开始，为所有接种过两剂新冠肺炎疫苗的成年人注射第三针。同时，拜登政府还表示，将要求养老院为员工接种新冠疫苗，否则将失去医疗保险和医疗补助资金。拜登签署备忘录，指示美国。教育部将采取一切措施确保学生能够在秋季安全返校，包括确保学生返校时佩戴口罩。</blockquote></p><p> Vivek Murthy, an American public surgeon, said that although the current two-shot vaccine scheme is effective, as more studies show that the effectiveness of the vaccine will gradually decrease with the passage of time, and the vaccine against the&nbsp;Delta mutant strain needs additional boosters. At present, 51% of the population in the United States has been fully vaccinated with two shots of COVID-19 vaccine, and 80.9% of the population over 65 years old has been fully vaccinated with two shots. According to the Biden administration's vaccination strategy, the FDA will first vaccinate people over 65 years old from September 20th, and then extend it to other people. The third shot will use the same dose and vaccine as the first two shots.</p><p><blockquote>美国公共外科医生维韦克·穆尔蒂表示，虽然目前的两针疫苗方案有效，但随着更多研究表明，疫苗的有效性会随着时间的推移而逐渐下降，针对德尔塔变异毒株的疫苗需要额外的加强剂。目前，美国51%的人口已完全接种两剂新冠疫苗，80.9%的65岁以上人口已完全接种两剂新冠疫苗。根据拜登政府的疫苗接种策略，FDA将从9月20日起首先为65岁以上人群接种疫苗，随后扩展到其他人群。第三针将使用与前两针相同的剂量和疫苗。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f2c2083bcb2d15f83b0f92a24d5874c6\" tg-width=\"624\" tg-height=\"299\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> US stocks suffered turmoil this week after hitting a series of all-time highs on Monday. Although the quarterly report shows that the company's earnings are growing rapidly, investors are generally optimistic about the stock price outlook; However, some investors remain cautious, fearing that as the Federal Reserve gradually shrinks its asset purchase program, the rising number of confirmed cases of COVID-19 in the United States and around the world will weaken the global economic recovery. Simmons, chief investment officer of UBS Group AG Global Wealth Management UK, said that people are trying to find out what Delta mutant strain means, whether it will lead to more epidemic blockade measures, and whether it will damage economic growth. Goldman Sachs economists lowered their economic growth forecasts for the third quarter and the whole year of the United States, while Mericle, an economist at Goldman Sachs, said that it has been proved that the Delta variant strain has a greater impact on economic growth and inflation than previously expected.</p><p><blockquote>美国股市在周一创下一系列历史新高后，本周遭遇动荡。尽管一季报显示公司盈利快速增长，但投资者普遍看好股价前景；不过，一些投资者仍然持谨慎态度，担心随着美联储逐步缩减资产购买计划，美国和全球范围内不断上升的新冠肺炎确诊病例将削弱全球经济复苏。英国瑞银集团全球财富管理公司首席投资官西蒙斯表示，人们正试图弄清楚德尔塔变异毒株意味着什么，是否会导致更多的疫情封锁措施，是否会损害经济增长。高盛经济学家下调了美国第三季度和全年经济增长预期，而高盛经济学家梅里克尔表示，事实证明，德尔塔变异毒株压力对经济增长和通胀的影响比此前预期更大。</blockquote></p><p> At the close, the DJIA Index fell 0.19% to 34,894.12 points; The S&amp;P 500 index rose 0.13% to 4405.80 points; Nasdaq index rose 0.11% to 14,541.79 points.</p><p><blockquote>截至收盘，道琼斯指数跌0.19%，报34894.12点；标普500指数上涨0.13%，报4405.80点；纳斯达克指数上涨0.11%，至14,541.79点。</blockquote></p><p> <b>Three companies issue quarterly reports</b></p><p><blockquote><b>三家公司发布季度报告</b></blockquote></p><p></p><p> NVIDIA Corp's revenue in the second quarter was better than expected, mainly due to the continuous strong demand for its equipment from computer gamers and cryptocurrency miners, and its sales and net profit in the second quarter both reached record highs. Revenue in the second quarter was $6.51 billion, a year-on-year increase of 68%; Net profit was $2.37 billion, almost double that of the same period last year. Its new generation graphics card can provide high-quality images and fast frame rate, which is very popular among gamers. At the same time, this graphics card also meets the computing power requirements of cryptocurrency mining.</p><p><blockquote>英伟达公司第二季度营收好于预期，主要得益于电脑游戏玩家和加密货币矿工对其设备的需求持续强劲，第二季度销售额和净利润均创历史新高。第二季度营收65.1亿美元，同比增长68%；净利润为23.7亿美元，几乎是去年同期的两倍。其新一代显卡可以提供高质量的图像和快速的帧速率，深受游戏玩家的欢迎。同时，这款显卡也满足了加密货币挖矿的算力要求。</blockquote></p><p> Although the global chip shortage has caused some automobile manufacturers to suspend production, the sales volume of chip companies as a whole is still rising steadily. Officials in the chip industry expect the situation that led to the production reduction of automobiles and pushed up the prices of some electronic products to ease in the coming months. CEO of Intel&nbsp;Gelsinger said that the imbalance between supply and demand in the chip industry will continue until 2023, and the shortage is pushing up the manufacturing costs of some Intel. The company is focusing on industry integration to increase profits.</p><p><blockquote>虽然全球芯片短缺导致部分汽车厂商停产，但芯片企业整体销量仍在稳步上升。芯片行业官员预计，导致汽车减产并推高部分电子产品价格的局面将在未来几个月得到缓解。英特尔CEO基辛格表示，芯片行业的供需失衡将持续到2023年，短缺正在推高部分英特尔的制造成本。公司正专注于行业整合，以增加利润。</blockquote></p><p> As of the close, NVIDIA Corp rose 0.48%, Intel rose 0.48% and AMD rose 0.25%. The following figure shows the price trends of the three stocks this year.</p><p><blockquote>截至收盘，英伟达公司涨0.48%，英特尔涨0.48%，AMD涨0.25%。下图显示了三只股票今年以来的价格走势。</blockquote></p><p> </p><p> <img src=\"https://static.tigerbbs.com/eea28492e81fc5a3cda3c2dfc435dcdb\" tg-width=\"554\" tg-height=\"238\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Macy's, Kohl,&nbsp;and Tapestry, the parent company of Coach, all reported substantial sales growth in the second quarter. Macy's's sales in the second quarter were $5.65 billion, an increase of 62% compared with 2020 and a slight increase compared with the same-store sales in 2019. CEO&nbsp;Gennette of Macy's said that there is no evidence that sales are slowing down due to the surge in Novel Coronavirus, and the greater concern comes from the risks of supply chain and labor shortage. At the same time, Macy's is attracting new customers by adding new products, including selling toy business ToysToys \"R\" Us in 400 entities and online stores. Sales of Kohl and Tapestry also returned to pre-epidemic levels, and all three raised their annual performance guidelines. However, Siegel of BMO Capital Markets Stock Research said that no one predicted that the current high level of retail industry would be sustainable, and retail executives were worried about whether the bubble would burst, whether it was Delta mutant strain or something else.</p><p><blockquote>梅西百货、科尔百货和蔻驰母公司Tapestry均报告第二季度销售额大幅增长。梅西百货第二季度销售额为56.5亿美元，较2020年增长62%，较2019年同店销售额略有增长。梅西百货首席执行官Gennette表示，没有证据表明销售因新型冠状病毒激增而放缓，更大的担忧来自供应链和劳动力短缺的风险。与此同时，梅西百货正在通过增加新产品来吸引新客户，包括在400家实体和网上商店销售玩具业务玩具“反斗城”。Kohl和Tapestry的销售额也回到了疫情前的水平，三家都上调了年度业绩指引。不过，BMO Capital Markets Stock Research的Siegel表示，没有人预测零售业目前的高水平将是可持续的，零售业高管担心泡沫是否会破裂，无论是德尔塔变异毒株还是其他什么。</blockquote></p><p> Meanwhile, according to the Wall Street Journal, Amazon.com is opening large physical retail stores similar to department stores to enter the retail industry. The first batch of department stores will be located in Ohio and California, which will occupy less space than traditional retail stores. It is reported that it is uncertain which brands will be sold in these retail stores, but it is expected that Amazon.com's own brands will occupy a major position.</p><p><blockquote>与此同时，据《华尔街日报》报道，亚马逊正在开设类似百货商店的大型实体零售店，进军零售业。首批百货商店将设在俄亥俄州和加利福尼亚州，相比传统零售店占用的空间更少。据悉，目前还不确定这些零售店将出售哪些品牌，但预计亚马逊自有品牌将占据主要位置。</blockquote></p><p> As of the close, Macy's rose by 19.59%, Kohl rose by 7.29%, and Amazon.com fell by 0.42%. The following figure shows the price trends of the three stocks in recent two months.</p><p><blockquote>截至收盘，梅西百货涨19.59%，科尔百货涨7.29%，亚马逊跌0.42%。下图显示了三只股票近两个月的价格走势。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bba865f6fb449cb9bed8d64dea30c414\" tg-width=\"624\" tg-height=\"275\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Robinhood recorded a net loss of $502 million in its first financial report, with total revenue of $5.65; In the second quarter of last year, the company had a net profit of $58 million and total revenue of $244 million. Robinhood said it made a huge loss in February when it raised $2. 4 billion in emergency financing. Among the users who use Robinhood platform to trade, nearly 14.2 million users have traded digital assets, accounting for about 63% of the company's customer base, with a profit of about $233 million; Among them, 2/3 traders are dogecoin traders. The increase in the proportion of users trading digital assets has helped alleviate the slowdown in other businesses of Robinhood, including the weakening interest of retail investors in meme stocks. As of the close, Robinhood fell 10.26%.</p><p><blockquote>Robinhood在首份财报中录得净亏损5.02亿美元，总营收5.65美元；去年第二季度，该公司净利润为5800万美元，总收入为2.44亿美元。Robinhood表示，该公司在2月份筹集了24亿美元的紧急融资时遭受了巨大损失。在使用Robinhood平台进行交易的用户中，有近1420万用户进行了数字资产交易，约占公司客户群的63%，利润约为2.33亿美元；其中，2/3的交易者是狗狗币交易者。交易数字资产的用户比例增加有助于缓解Robinhood其他业务的放缓，包括散户投资者对meme股票的兴趣减弱。截至收盘，Robinhood下跌10.26%。</blockquote></p><p> <b>China stocks continue to be under pressure</b></p><p><blockquote><b>中国股市持续承压</b></blockquote></p><p> The regulatory pressure on Chinese stocks in China and the United States continues to increase. On Monday, SEC Chairman Gensler once again issued a risk warning to American investors on investing in Chinese companies. On the 19th, the Supreme People's Court solicited opinions from the society on some issues of anti-unfair competition law. The NASDAQ China Index fell continuously after the implementation of the policy of the Beijing Municipal Education Commission on double reduction of education and training industries.</p><p><blockquote>中国和美国对中概股的监管压力持续加大。本周一，SEC主席詹斯勒再次就投资中国企业向美国投资者发出风险提示。19日，最高人民法院就反不正当竞争法若干问题向社会征求意见。北京市教委教育培训行业双减政策实施后，纳斯达克中文指数连续下跌。</blockquote></p><p></p><p> According to the latest survey of fund managers in Bank of America, about 11% of the respondents think that shorting Chinese stocks is the most crowded transaction, second only to long American technology stocks and long ESG stocks, and shorting Chinese stocks is higher than trading long US Treasury bonds. About 16% of the respondents said that China policy is the biggest risk at present, compared with almost zero in July, and the risk ranking of China policy is second only to inflation, deflation panic, COVID-19 pandemic, and asset bubble.</p><p><blockquote>美国银行对基金经理的最新调查显示，约11%的受访者认为做空中国股票是最拥挤的交易，仅次于做多美国科技股和做多ESG股票，做空中国股票高于做多美国国债。约16%的受访者表示，中国政策是目前最大的风险，而7月份几乎为零，中国政策的风险排名仅次于通胀、通缩恐慌、新冠疫情和资产泡沫。</blockquote></p><p> Cathie Wood said in an interview with CNBC today that the constraint by Chinese regulators will have a lasting impact on investor sentiment, and the affected stocks will not rise soon; The memory of nationalizing the online education industry will exist for a long time, and such measures are likely to appear in any other industry. According to Bloomberg reported on the 17th, SoftBank sold about $14 billion worth of shares in the second quarter, and Masayoshi Son withdrew more funds from the secondary market to invest in private start-ups.</p><p><blockquote>Cathie Wood今日在接受CNBC采访时表示，中国监管机构的约束将对投资者情绪产生持久影响，受影响的股票不会很快上涨；在线教育行业国有化的记忆将长期存在，这样的举措很可能出现在任何其他行业。据彭博社17日报道，软银在第二季度出售了价值约140亿美元的股票，孙正义从二级市场撤出更多资金，用于投资民营初创企业。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/484f1e076474977c8b0044665e8fd940\" tg-width=\"575\" tg-height=\"368\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> At the same time, Hangzhou second-hand housing transaction supervision service platform officially launched the function of listing houses independently. According to the agency, this function is mainly&nbsp;to break the mode of selling houses by intermediaries and provide individuals with channels for publishing information on selling houses by independent transactions, the listing information is only open to individual real-name users, and brokers cannot view it. As of the close, KE Holdings Inc. fell 14.86%, Alibaba fell 6.85%, JD.com fell 5.10% and Baidu fell 3.94%.</p><p><blockquote>同时，杭州市二手房交易监管服务平台正式上线独立挂牌房源功能。该机构介绍，该功能主要是打破中介卖房的模式，为个人提供发布自主交易卖房信息的渠道，挂牌信息只对个人实名用户开放，经纪人无法查看。截至收盘，科控股跌14.86%，阿里巴巴-SW跌6.85%，京东跌5.10%，百度跌3.94%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174275574","content_text":"Market overview\nAffected by the tightening of loose monetary policy by the Federal Reserve and the continuous increase of cases in COVID-19, US stocks mixed, oil prices and copper prices fell, and the US dollar hit a nine-month high. NVIDIA Corp, Macy's and Robinhood released quarterly reports, with chip stocks rising, NVIDIA Corp up 3.98%, Macy's up 19.59% and Robinhood down 10.26%.\nChina Stocks continued to be under pressure, and American investors continued to reduce their position of China Stocks. According to the latest survey conducted by Bank of America, about 11% of the respondents believe that shorting Chinese stocks is the most crowded transaction, second only to long American technology stocks and long ESG. Since Hangzhou has the first official second-hand housing trading platform, with KE Holdings Inc. falling 14.86%, Alibaba falling 6.85%, JD.com falling 5.10% and Baidu falling 3.94%.\nThree senators were diagnosed\nToday, the third senator announced that he had been diagnosed in COVID-19, and there was a breakthrough case after injecting COVID-19 vaccine. The confirmed senators include Senator Angus King, 77, from Maine, Senator Roger Wicker, 70, from Mississippi, and Senator John Hickenlooper, 69, from Colorado. Earlier, Texas Governor Abbott announced that he had been diagnosed with Novel Coronavirus, and was reported to be the 11th governor diagnosed with COVID-19 in the United States. According to Bloomberg News, the number of hospitalized deaths in the United States is close to the peak in February.\nAt present, there are 140,893 newly diagnosed cases in the United States in a single day, an increase of 47% compared with the average value 14 days ago; 809 new deaths were added in a single day, an increase of 97% compared with the average value 14 days ago; The number of new inpatients in a single day was 85,118, an increase of 56% compared with the average value 14 days ago.\n\nThe Biden administration said on Wednesday that in order to take measures to combat the rising cases of COVID-19, it called for the third shot for all adults who have been vaccinated with two doses of COVID-19 vaccine from September this year. At the same time, the Biden administration also indicated that it would require nursing homes to vaccinate their employees with COVID-19 vaccine, otherwise they would lose medical insurance and Medicaid funds. Biden signed a memorandum instructing the U.S. Department of Education to take all measures to ensure that students can safely return to school in the fall, including ensuring that students wear masks when returning to school.\nVivek Murthy, an American public surgeon, said that although the current two-shot vaccine scheme is effective, as more studies show that the effectiveness of the vaccine will gradually decrease with the passage of time, and the vaccine against the Delta mutant strain needs additional boosters. At present, 51% of the population in the United States has been fully vaccinated with two shots of COVID-19 vaccine, and 80.9% of the population over 65 years old has been fully vaccinated with two shots. According to the Biden administration's vaccination strategy, the FDA will first vaccinate people over 65 years old from September 20th, and then extend it to other people. The third shot will use the same dose and vaccine as the first two shots.\n\nUS stocks suffered turmoil this week after hitting a series of all-time highs on Monday. Although the quarterly report shows that the company's earnings are growing rapidly, investors are generally optimistic about the stock price outlook; However, some investors remain cautious, fearing that as the Federal Reserve gradually shrinks its asset purchase program, the rising number of confirmed cases of COVID-19 in the United States and around the world will weaken the global economic recovery. Simmons, chief investment officer of UBS Group AG Global Wealth Management UK, said that people are trying to find out what Delta mutant strain means, whether it will lead to more epidemic blockade measures, and whether it will damage economic growth. Goldman Sachs economists lowered their economic growth forecasts for the third quarter and the whole year of the United States, while Mericle, an economist at Goldman Sachs, said that it has been proved that the Delta variant strain has a greater impact on economic growth and inflation than previously expected.\nAt the close, the DJIA Index fell 0.19% to 34,894.12 points; The S&P 500 index rose 0.13% to 4405.80 points; Nasdaq index rose 0.11% to 14,541.79 points.\nThree companies issue quarterly reports\nNVIDIA Corp's revenue in the second quarter was better than expected, mainly due to the continuous strong demand for its equipment from computer gamers and cryptocurrency miners, and its sales and net profit in the second quarter both reached record highs. Revenue in the second quarter was $6.51 billion, a year-on-year increase of 68%; Net profit was $2.37 billion, almost double that of the same period last year. Its new generation graphics card can provide high-quality images and fast frame rate, which is very popular among gamers. At the same time, this graphics card also meets the computing power requirements of cryptocurrency mining.\nAlthough the global chip shortage has caused some automobile manufacturers to suspend production, the sales volume of chip companies as a whole is still rising steadily. Officials in the chip industry expect the situation that led to the production reduction of automobiles and pushed up the prices of some electronic products to ease in the coming months. CEO of Intel Gelsinger said that the imbalance between supply and demand in the chip industry will continue until 2023, and the shortage is pushing up the manufacturing costs of some Intel. The company is focusing on industry integration to increase profits.\nAs of the close, NVIDIA Corp rose 0.48%, Intel rose 0.48% and AMD rose 0.25%. The following figure shows the price trends of the three stocks this year.\n\n\nMacy's, Kohl, and Tapestry, the parent company of Coach, all reported substantial sales growth in the second quarter. Macy's's sales in the second quarter were $5.65 billion, an increase of 62% compared with 2020 and a slight increase compared with the same-store sales in 2019. CEO Gennette of Macy's said that there is no evidence that sales are slowing down due to the surge in Novel Coronavirus, and the greater concern comes from the risks of supply chain and labor shortage. At the same time, Macy's is attracting new customers by adding new products, including selling toy business ToysToys \"R\" Us in 400 entities and online stores. Sales of Kohl and Tapestry also returned to pre-epidemic levels, and all three raised their annual performance guidelines. However, Siegel of BMO Capital Markets Stock Research said that no one predicted that the current high level of retail industry would be sustainable, and retail executives were worried about whether the bubble would burst, whether it was Delta mutant strain or something else.\nMeanwhile, according to the Wall Street Journal, Amazon.com is opening large physical retail stores similar to department stores to enter the retail industry. The first batch of department stores will be located in Ohio and California, which will occupy less space than traditional retail stores. It is reported that it is uncertain which brands will be sold in these retail stores, but it is expected that Amazon.com's own brands will occupy a major position.\nAs of the close, Macy's rose by 19.59%, Kohl rose by 7.29%, and Amazon.com fell by 0.42%. The following figure shows the price trends of the three stocks in recent two months.\n\nRobinhood recorded a net loss of $502 million in its first financial report, with total revenue of $5.65; In the second quarter of last year, the company had a net profit of $58 million and total revenue of $244 million. Robinhood said it made a huge loss in February when it raised $2. 4 billion in emergency financing. Among the users who use Robinhood platform to trade, nearly 14.2 million users have traded digital assets, accounting for about 63% of the company's customer base, with a profit of about $233 million; Among them, 2/3 traders are dogecoin traders. The increase in the proportion of users trading digital assets has helped alleviate the slowdown in other businesses of Robinhood, including the weakening interest of retail investors in meme stocks. As of the close, Robinhood fell 10.26%.\nChina stocks continue to be under pressure\nThe regulatory pressure on Chinese stocks in China and the United States continues to increase. On Monday, SEC Chairman Gensler once again issued a risk warning to American investors on investing in Chinese companies. On the 19th, the Supreme People's Court solicited opinions from the society on some issues of anti-unfair competition law. The NASDAQ China Index fell continuously after the implementation of the policy of the Beijing Municipal Education Commission on double reduction of education and training industries.\nAccording to the latest survey of fund managers in Bank of America, about 11% of the respondents think that shorting Chinese stocks is the most crowded transaction, second only to long American technology stocks and long ESG stocks, and shorting Chinese stocks is higher than trading long US Treasury bonds. About 16% of the respondents said that China policy is the biggest risk at present, compared with almost zero in July, and the risk ranking of China policy is second only to inflation, deflation panic, COVID-19 pandemic, and asset bubble.\nCathie Wood said in an interview with CNBC today that the constraint by Chinese regulators will have a lasting impact on investor sentiment, and the affected stocks will not rise soon; The memory of nationalizing the online education industry will exist for a long time, and such measures are likely to appear in any other industry. According to Bloomberg reported on the 17th, SoftBank sold about $14 billion worth of shares in the second quarter, and Masayoshi Son withdrew more funds from the secondary market to invest in private start-ups.\n\nAt the same time, Hangzhou second-hand housing transaction supervision service platform officially launched the function of listing houses independently. According to the agency, this function is mainly to break the mode of selling houses by intermediaries and provide individuals with channels for publishing information on selling houses by independent transactions, the listing information is only open to individual real-name users, and brokers cannot view it. As of the close, KE Holdings Inc. fell 14.86%, Alibaba fell 6.85%, JD.com fell 5.10% and Baidu fell 3.94%.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":818,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830389496,"gmtCreate":1629011255015,"gmtModify":1633687961351,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090653556002830","authorIdStr":"4090653556002830"},"themes":[],"title":"","htmlText":"Noted.","listText":"Noted.","text":"Noted.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/830389496","repostId":"2159145532","repostType":4,"isVote":1,"tweetType":1,"viewCount":570,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805638235,"gmtCreate":1627874522327,"gmtModify":1633755705475,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090653556002830","authorIdStr":"4090653556002830"},"themes":[],"title":"","htmlText":"Like and share","listText":"Like and share","text":"Like and share","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/805638235","repostId":"1170689665","repostType":4,"repost":{"id":"1170689665","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":1627857540,"share":"https://www.laohunote.com/m/news/1170689665?lang=zh_CN&edition=full","pubTime":"2021-08-02 06:39","market":"us","language":"en","title":"Alibaba,Uber, DraftKings, GM, Roku, EA, ViacomCBS, and Other Stocks for Investors to Watch This Week<blockquote>阿里巴巴、Uber、DraftKings、通用汽车、Roku、EA、维亚康姆哥伦比亚广播公司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=1170689665","media":"Tiger Newspress","summary":"The parade of second-quarter results continues this week. No fewer than 143 S&P 500 companies are on deck to report, in addition to hundreds of small caps. Ferrari, Vornado Realty Trust, Take-Two Interactive Software, and Simon Property Group will get the ball rolling on Monday. Then Lyft, Alibaba Group Holding, Nikola, Under Armour, Eli Lilly, and ConocoPhillips release their results on Tuesday.Wednesday will be particularly busy:General Motors,Uber Technologies,Etsy,Electronic Arts,Western Dig","content":"<p>The parade of second-quarter results continues this week. No fewer than 143 S&amp;P 500 companies are on deck to report, in addition to hundreds of small caps. Ferrari, Vornado Realty Trust, Take-Two Interactive Software, and Simon Property Group will get the ball rolling on Monday. Then Lyft, Alibaba Group Holding, Nikola, Under Armour, Eli Lilly, and ConocoPhillips release their results on Tuesday.</p><p><blockquote>第二季度业绩游行本周继续。除了数百家小盘股公司外，还有不少于 143 家标普500公司正在提交报告。法拉利、Vornado Realty Trust、Take-Two Interactive Software 和 Simon Property Group 将于周一启动。随后，Lyft、阿里巴巴-SW集团控股公司、尼古拉、安德玛、礼来公司和康菲石油公司将于周二发布业绩。</blockquote></p><p> Wednesday will be particularly busy:General Motors,Uber Technologies,Etsy,Electronic Arts,Western Digital,Roku,CVS Health,Kraft Heinz, and SoftBank all report.Beyond Meat,Yelp,Wayfair, Moderna, and&nbsp;ViacomCBS&nbsp;go on Thursday and&nbsp;DraftKings,Canopy Growth,and Tripadvisor will close the week on Friday.Chinese Education Corporation&nbsp;New Oriental Education &amp; Technology Group Inc. and&nbsp;TAL Education Group&nbsp;cancels scheduled earnings release and earnings call.</p><p><blockquote>周三将特别繁忙：通用汽车、优步科技、Etsy、艺电、西部数据、Roku、CVS Health、卡夫亨氏和软银均有报道。Beyond Meat、Yelp、Wayfair、Moderna 和 ViacomCBS 将于周四关闭，DraftKings、Canopy Growth 和 Tripadvisor 将于周五关闭本周。中国教育公司新东方教育科技集团公司和好未来教育集团取消了原定的财报发布和财报看涨期权。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/94057bf11ca8d7311db6c075ba98727b\" tg-width=\"1706\" tg-height=\"740\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The highlight on the&nbsp;economic&nbsp;calendar this week will be Jobs Friday. The Bureau of Labor Statistics is expected to show a gain of 625,000 nonfarm payrolls in July, following June’s 850,000. The unemployment rate is seen holding just below 6%.</p><p><blockquote>本周经济日历上的亮点将是周五的就业。美国劳工统计局（Bureau of Labor Statistics）预计，继 6 月份的 85 万人之后，7 月份非农就业人数将增加 62.5 万人。失业率略低于6%。</blockquote></p><p> Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for July on Monday, followed by the Services equivalent on Wednesday. Both measures of economic activity are forecast to come in at around 61, which would signify strong expansion.</p><p><blockquote>本周公布的其他数据包括周一公布的美国供应管理协会（Institute for Supply Management）7 月份制造业采购经理人指数，随后是周三公布的服务业同等指数。这两项经济活动指标预计都将达到 61 左右，这将意味着强劲的扩张。</blockquote></p><p> <b>Monday 8/2</b></p><p><blockquote><b>星期一 8/2</b></blockquote></p><p> CNA Financial,Global Payments,JELD-WEN Holding,Loews,Arista Networks,Leggett &amp; Platt,Vornado Realty Trust, ZoomInfo Technologies, Woodward, Take-Two Interactive Software, Heineken, Trex, Ferrari,Ultra Clean Holdings,and Simon Property Group are expected to release financial results.</p><p><blockquote>CNA Financial、Global Payments、JELD-WEN Holding、Loews、Arista Networks、Leggett &amp; Platt、Vornado Realty Trust、ZoomInfo Technologies、Woodward、Take-Two Interactive Software、Heineken、Trex、Ferrari、Ultra Clean Holdings 和 Simon Property Group 预计将发布财务业绩。</blockquote></p><p> GE stock&nbsp;will open for trading Monday at about $104 a share, after closing Friday at $12.95. The company completed its 1-for-8 reverse stock split Friday evening.</p><p><blockquote>通用电气股票周一开盘价约为每股 104 美元，周五收盘价为 12.95 美元。该公司于周五晚上完成了 1 比 8 的反向股票分割。</blockquote></p><p> <b>The Institute for Supply</b>&nbsp;Management releases its Manufacturing Purchasing Managers’ Index for July. Consensus estimate is for a 60.8 reading, up from 60.6 in June.</p><p><blockquote><b>供应研究所</b>管理层发布 7 月份制造业采购经理人指数。普遍估计读数为 60.8，高于 6 月份的 60.6。</blockquote></p><p> <b>The Census Bureau</b>&nbsp;reports construction spending for June. Expectations are for a 0.4% month-over-month rise, after a 0.3% decline in May.</p><p><blockquote><b>人口普查局</b>报告6月份的建筑支出。继 5 月份下降 0.3% 后，预计环比增长 0.4%。</blockquote></p><p> <b>Tuesday 8/3</b></p><p><blockquote><b>星期二 8/3</b></blockquote></p><p> Eaton, BP, Under Armour, Lyft,Clorox,Amgen,Akamai Technologies,Cummins, Eli Lilly, Alibaba Group Holding, Nikola, EnPro Industries,Warner Music Group,Pitney Bowes,Tennant,Phillips 66,KKR,Gartner,Henry Schein,Dun &amp; Bradstreet Holdings,ConocoPhillips, and&nbsp;Jacobs Engineering Grouphost conference calls to discuss financial results.</p><p><blockquote>伊顿、英国石油公司、安德玛、Lyft、高乐氏、安进、Akamai Technologies、康明斯、礼来公司、阿里巴巴-SW集团控股公司、Nikola、EnPro Industries、华纳音乐集团、Pitney Bowes、Tennant、Phillips 66、KKR、Gartner、Henry Schein、邓白氏控股公司、康菲石油公司和 Jacobs Engineering Group 在评级举办会议讨论财务业绩。</blockquote></p><p> <b>The Census Bureau</b>&nbsp;is slated to report factory orders for June. Economists predict that orders increased 1.0% during the month, compared with a 1.7% rise in May.</p><p><blockquote><b>人口普查局</b>预计将报告六月份的工厂订单。经济学家预测，本月订单增长1.0%，而5月份增长1.7%。</blockquote></p><p> <b>Wednesday 8/4</b></p><p><blockquote><b>星期三 8/4</b></blockquote></p><p> Sony Group,CVS Health, Kraft Heinz, SoftBank, General Motors, Progressive, Etsy, Electronic Arts, Western Digital, Uber Technologies, Roku,MGM Resorts International,Fox, and Re/Max Holdings are expected to host earnings calls.</p><p><blockquote>索尼集团、CVS Health、卡夫亨氏、软银、通用汽车、Progressive、Etsy、艺电、西部数据、Uber Technologies、Roku、米高梅国际酒店集团、福克斯和 Re/Max Holdings 预计将主办财报评级。</blockquote></p><p> <b>The Bureau of Economic</b>&nbsp;Analysis reports light-vehicle sales for July. Expectations call for a seasonally adjusted annual rate of 15.3 million vehicles, versus 15.4 million in June.</p><p><blockquote><b>经济局</b>分析报告 7 月份轻型汽车销量。预计看涨期权经季节性调整后的年增长率为 1530 万辆，而 6 月份为 1540 万辆。</blockquote></p><p> <b>The ISM releases</b>&nbsp;its Services PMI for July. Consensus estimate is for a 60.8 reading, compared with June’s 60.1.</p><p><blockquote><b>ISM发布</b>7月份服务业采购经理人指数。一致估计读数为 60.8，而 6 月份的读数为 60.1。</blockquote></p><p> <b>ADP releases</b>&nbsp;its National Employment report for July. Consensus estimate is for a 635,000 gain in nonfarm private-sector employment, following an increase of 692,000 in June.</p><p><blockquote><b>ADP释放</b>其7月份的全国就业报告。普遍估计，继 6 月份增加 692,000 人之后，非农私营部门就业人数将增加 635,000 人。</blockquote></p><p> <b>Thursday 8/5</b></p><p><blockquote><b>星期四 8/5</b></blockquote></p><p> Zillow Group,Beyond Meat, Yelp, Wayfair, Kellogg,Bayer,HanesBrands, Moderna,Regeneron Pharmaceuticals,Switch,Cushman &amp; Wakefield,ViacomCBS,Cigna,Duke Energy,Square,News Corp,and&nbsp;Siemensare expected to report financial results.</p><p><blockquote>Zillow Group、Beyond Meat、Yelp、Wayfair、Kellogg、Bayer、HanesBrands、Moderna、Regeneron Pharmaceuticals、Switch、Cushman &amp; Wakefield、ViacomCBS、Cigna、Duke Energy、Square、新闻集团和西门子预计将公布财务业绩。</blockquote></p><p> Friday 8/6</p><p><blockquote>星期五 8/6</blockquote></p><p> <b>The BLS releases the jobs report</b>&nbsp;for July. Economists forecast a 800,000 rise in nonfarm payrolls, after an 850,000 gain in June. The unemployment rate is expected to edge down to 5.8% from 5.9%.</p><p><blockquote><b>BLS 发布就业报告</b>七月。经济学家预测，继6月份增加85万人之后，非农就业人数将增加80万人。失业率预计将从5.9%小幅降至5.8%。</blockquote></p><p> DraftKings,Dominion Energy,Gannett,MGM Growth Properties,AMC Networks,Canopy Growth, Tripadvisor,Spectrum Brands Holdings,E.W. Scripps,Cinemark Holdings, and Manitowoc host conference calls to discuss financial results.</p><p><blockquote>DraftKings、Dominion Energy、Gannett、MGM Growth Properties、AMC Networks、Canopy Growth、Tripadvisor、Spectrum Brands Holdings、E.W。Scripps、Cinemark Holdings 和 Manitowoc 主办评级会议讨论财务业绩。</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>Alibaba,Uber, DraftKings, GM, Roku, EA, ViacomCBS, and Other Stocks for Investors to Watch This Week<blockquote>阿里巴巴、Uber、DraftKings、通用汽车、Roku、EA、维亚康姆哥伦比亚广播公司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\">\nAlibaba,Uber, DraftKings, GM, Roku, EA, ViacomCBS, and Other Stocks for Investors to Watch This Week<blockquote>阿里巴巴、Uber、DraftKings、通用汽车、Roku、EA、维亚康姆哥伦比亚广播公司和其他投资者本周值得关注的股票</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\">2021-08-02 06:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The parade of second-quarter results continues this week. No fewer than 143 S&amp;P 500 companies are on deck to report, in addition to hundreds of small caps. Ferrari, Vornado Realty Trust, Take-Two Interactive Software, and Simon Property Group will get the ball rolling on Monday. Then Lyft, Alibaba Group Holding, Nikola, Under Armour, Eli Lilly, and ConocoPhillips release their results on Tuesday.</p><p><blockquote>第二季度业绩游行本周继续。除了数百家小盘股公司外，还有不少于 143 家标普500公司正在提交报告。法拉利、Vornado Realty Trust、Take-Two Interactive Software 和 Simon Property Group 将于周一启动。随后，Lyft、阿里巴巴-SW集团控股公司、尼古拉、安德玛、礼来公司和康菲石油公司将于周二发布业绩。</blockquote></p><p> Wednesday will be particularly busy:General Motors,Uber Technologies,Etsy,Electronic Arts,Western Digital,Roku,CVS Health,Kraft Heinz, and SoftBank all report.Beyond Meat,Yelp,Wayfair, Moderna, and&nbsp;ViacomCBS&nbsp;go on Thursday and&nbsp;DraftKings,Canopy Growth,and Tripadvisor will close the week on Friday.Chinese Education Corporation&nbsp;New Oriental Education &amp; Technology Group Inc. and&nbsp;TAL Education Group&nbsp;cancels scheduled earnings release and earnings call.</p><p><blockquote>周三将特别繁忙：通用汽车、优步科技、Etsy、艺电、西部数据、Roku、CVS Health、卡夫亨氏和软银均有报道。Beyond Meat、Yelp、Wayfair、Moderna 和 ViacomCBS 将于周四关闭，DraftKings、Canopy Growth 和 Tripadvisor 将于周五关闭本周。中国教育公司新东方教育科技集团公司和好未来教育集团取消了原定的财报发布和财报看涨期权。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/94057bf11ca8d7311db6c075ba98727b\" tg-width=\"1706\" tg-height=\"740\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The highlight on the&nbsp;economic&nbsp;calendar this week will be Jobs Friday. The Bureau of Labor Statistics is expected to show a gain of 625,000 nonfarm payrolls in July, following June’s 850,000. The unemployment rate is seen holding just below 6%.</p><p><blockquote>本周经济日历上的亮点将是周五的就业。美国劳工统计局（Bureau of Labor Statistics）预计，继 6 月份的 85 万人之后，7 月份非农就业人数将增加 62.5 万人。失业率略低于6%。</blockquote></p><p> Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for July on Monday, followed by the Services equivalent on Wednesday. Both measures of economic activity are forecast to come in at around 61, which would signify strong expansion.</p><p><blockquote>本周公布的其他数据包括周一公布的美国供应管理协会（Institute for Supply Management）7 月份制造业采购经理人指数，随后是周三公布的服务业同等指数。这两项经济活动指标预计都将达到 61 左右，这将意味着强劲的扩张。</blockquote></p><p> <b>Monday 8/2</b></p><p><blockquote><b>星期一 8/2</b></blockquote></p><p> CNA Financial,Global Payments,JELD-WEN Holding,Loews,Arista Networks,Leggett &amp; Platt,Vornado Realty Trust, ZoomInfo Technologies, Woodward, Take-Two Interactive Software, Heineken, Trex, Ferrari,Ultra Clean Holdings,and Simon Property Group are expected to release financial results.</p><p><blockquote>CNA Financial、Global Payments、JELD-WEN Holding、Loews、Arista Networks、Leggett &amp; Platt、Vornado Realty Trust、ZoomInfo Technologies、Woodward、Take-Two Interactive Software、Heineken、Trex、Ferrari、Ultra Clean Holdings 和 Simon Property Group 预计将发布财务业绩。</blockquote></p><p> GE stock&nbsp;will open for trading Monday at about $104 a share, after closing Friday at $12.95. The company completed its 1-for-8 reverse stock split Friday evening.</p><p><blockquote>通用电气股票周一开盘价约为每股 104 美元，周五收盘价为 12.95 美元。该公司于周五晚上完成了 1 比 8 的反向股票分割。</blockquote></p><p> <b>The Institute for Supply</b>&nbsp;Management releases its Manufacturing Purchasing Managers’ Index for July. Consensus estimate is for a 60.8 reading, up from 60.6 in June.</p><p><blockquote><b>供应研究所</b>管理层发布 7 月份制造业采购经理人指数。普遍估计读数为 60.8，高于 6 月份的 60.6。</blockquote></p><p> <b>The Census Bureau</b>&nbsp;reports construction spending for June. Expectations are for a 0.4% month-over-month rise, after a 0.3% decline in May.</p><p><blockquote><b>人口普查局</b>报告6月份的建筑支出。继 5 月份下降 0.3% 后，预计环比增长 0.4%。</blockquote></p><p> <b>Tuesday 8/3</b></p><p><blockquote><b>星期二 8/3</b></blockquote></p><p> Eaton, BP, Under Armour, Lyft,Clorox,Amgen,Akamai Technologies,Cummins, Eli Lilly, Alibaba Group Holding, Nikola, EnPro Industries,Warner Music Group,Pitney Bowes,Tennant,Phillips 66,KKR,Gartner,Henry Schein,Dun &amp; Bradstreet Holdings,ConocoPhillips, and&nbsp;Jacobs Engineering Grouphost conference calls to discuss financial results.</p><p><blockquote>伊顿、英国石油公司、安德玛、Lyft、高乐氏、安进、Akamai Technologies、康明斯、礼来公司、阿里巴巴-SW集团控股公司、Nikola、EnPro Industries、华纳音乐集团、Pitney Bowes、Tennant、Phillips 66、KKR、Gartner、Henry Schein、邓白氏控股公司、康菲石油公司和 Jacobs Engineering Group 在评级举办会议讨论财务业绩。</blockquote></p><p> <b>The Census Bureau</b>&nbsp;is slated to report factory orders for June. Economists predict that orders increased 1.0% during the month, compared with a 1.7% rise in May.</p><p><blockquote><b>人口普查局</b>预计将报告六月份的工厂订单。经济学家预测，本月订单增长1.0%，而5月份增长1.7%。</blockquote></p><p> <b>Wednesday 8/4</b></p><p><blockquote><b>星期三 8/4</b></blockquote></p><p> Sony Group,CVS Health, Kraft Heinz, SoftBank, General Motors, Progressive, Etsy, Electronic Arts, Western Digital, Uber Technologies, Roku,MGM Resorts International,Fox, and Re/Max Holdings are expected to host earnings calls.</p><p><blockquote>索尼集团、CVS Health、卡夫亨氏、软银、通用汽车、Progressive、Etsy、艺电、西部数据、Uber Technologies、Roku、米高梅国际酒店集团、福克斯和 Re/Max Holdings 预计将主办财报评级。</blockquote></p><p> <b>The Bureau of Economic</b>&nbsp;Analysis reports light-vehicle sales for July. Expectations call for a seasonally adjusted annual rate of 15.3 million vehicles, versus 15.4 million in June.</p><p><blockquote><b>经济局</b>分析报告 7 月份轻型汽车销量。预计看涨期权经季节性调整后的年增长率为 1530 万辆，而 6 月份为 1540 万辆。</blockquote></p><p> <b>The ISM releases</b>&nbsp;its Services PMI for July. Consensus estimate is for a 60.8 reading, compared with June’s 60.1.</p><p><blockquote><b>ISM发布</b>7月份服务业采购经理人指数。一致估计读数为 60.8，而 6 月份的读数为 60.1。</blockquote></p><p> <b>ADP releases</b>&nbsp;its National Employment report for July. Consensus estimate is for a 635,000 gain in nonfarm private-sector employment, following an increase of 692,000 in June.</p><p><blockquote><b>ADP释放</b>其7月份的全国就业报告。普遍估计，继 6 月份增加 692,000 人之后，非农私营部门就业人数将增加 635,000 人。</blockquote></p><p> <b>Thursday 8/5</b></p><p><blockquote><b>星期四 8/5</b></blockquote></p><p> Zillow Group,Beyond Meat, Yelp, Wayfair, Kellogg,Bayer,HanesBrands, Moderna,Regeneron Pharmaceuticals,Switch,Cushman &amp; Wakefield,ViacomCBS,Cigna,Duke Energy,Square,News Corp,and&nbsp;Siemensare expected to report financial results.</p><p><blockquote>Zillow Group、Beyond Meat、Yelp、Wayfair、Kellogg、Bayer、HanesBrands、Moderna、Regeneron Pharmaceuticals、Switch、Cushman &amp; Wakefield、ViacomCBS、Cigna、Duke Energy、Square、新闻集团和西门子预计将公布财务业绩。</blockquote></p><p> Friday 8/6</p><p><blockquote>星期五 8/6</blockquote></p><p> <b>The BLS releases the jobs report</b>&nbsp;for July. Economists forecast a 800,000 rise in nonfarm payrolls, after an 850,000 gain in June. The unemployment rate is expected to edge down to 5.8% from 5.9%.</p><p><blockquote><b>BLS 发布就业报告</b>七月。经济学家预测，继6月份增加85万人之后，非农就业人数将增加80万人。失业率预计将从5.9%小幅降至5.8%。</blockquote></p><p> DraftKings,Dominion Energy,Gannett,MGM Growth Properties,AMC Networks,Canopy Growth, Tripadvisor,Spectrum Brands Holdings,E.W. Scripps,Cinemark Holdings, and Manitowoc host conference calls to discuss financial results.</p><p><blockquote>DraftKings、Dominion Energy、Gannett、MGM Growth Properties、AMC Networks、Canopy Growth、Tripadvisor、Spectrum Brands Holdings、E.W。Scripps、Cinemark Holdings 和 Manitowoc 主办评级会议讨论财务业绩。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车","ROKU":"Roku Inc",".DJI":"道琼斯","DKNG":"DraftKings Inc.","EA":"艺电",".IXIC":"NASDAQ Composite","BABA":"阿里巴巴","UBER":"优步","GE":"GE航空航天",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170689665","content_text":"The parade of second-quarter results continues this week. No fewer than 143 S&P 500 companies are on deck to report, in addition to hundreds of small caps. Ferrari, Vornado Realty Trust, Take-Two Interactive Software, and Simon Property Group will get the ball rolling on Monday. Then Lyft, Alibaba Group Holding, Nikola, Under Armour, Eli Lilly, and ConocoPhillips release their results on Tuesday.\nWednesday will be particularly busy:General Motors,Uber Technologies,Etsy,Electronic Arts,Western Digital,Roku,CVS Health,Kraft Heinz, and SoftBank all report.Beyond Meat,Yelp,Wayfair, Moderna, and ViacomCBS go on Thursday and DraftKings,Canopy Growth,and Tripadvisor will close the week on Friday.Chinese Education Corporation New Oriental Education & Technology Group Inc. and TAL Education Group cancels scheduled earnings release and earnings call.\n\nThe highlight on the economic calendar this week will be Jobs Friday. The Bureau of Labor Statistics is expected to show a gain of 625,000 nonfarm payrolls in July, following June’s 850,000. The unemployment rate is seen holding just below 6%.\nOther data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for July on Monday, followed by the Services equivalent on Wednesday. Both measures of economic activity are forecast to come in at around 61, which would signify strong expansion.\nMonday 8/2\nCNA Financial,Global Payments,JELD-WEN Holding,Loews,Arista Networks,Leggett & Platt,Vornado Realty Trust, ZoomInfo Technologies, Woodward, Take-Two Interactive Software, Heineken, Trex, Ferrari,Ultra Clean Holdings,and Simon Property Group are expected to release financial results.\nGE stock will open for trading Monday at about $104 a share, after closing Friday at $12.95. The company completed its 1-for-8 reverse stock split Friday evening.\nThe Institute for Supply Management releases its Manufacturing Purchasing Managers’ Index for July. Consensus estimate is for a 60.8 reading, up from 60.6 in June.\nThe Census Bureau reports construction spending for June. Expectations are for a 0.4% month-over-month rise, after a 0.3% decline in May.\nTuesday 8/3\nEaton, BP, Under Armour, Lyft,Clorox,Amgen,Akamai Technologies,Cummins, Eli Lilly, Alibaba Group Holding, Nikola, EnPro Industries,Warner Music Group,Pitney Bowes,Tennant,Phillips 66,KKR,Gartner,Henry Schein,Dun & Bradstreet Holdings,ConocoPhillips, and Jacobs Engineering Grouphost conference calls to discuss financial results.\nThe Census Bureau is slated to report factory orders for June. Economists predict that orders increased 1.0% during the month, compared with a 1.7% rise in May.\nWednesday 8/4\nSony Group,CVS Health, Kraft Heinz, SoftBank, General Motors, Progressive, Etsy, Electronic Arts, Western Digital, Uber Technologies, Roku,MGM Resorts International,Fox, and Re/Max Holdings are expected to host earnings calls.\nThe Bureau of Economic Analysis reports light-vehicle sales for July. Expectations call for a seasonally adjusted annual rate of 15.3 million vehicles, versus 15.4 million in June.\nThe ISM releases its Services PMI for July. Consensus estimate is for a 60.8 reading, compared with June’s 60.1.\nADP releases its National Employment report for July. Consensus estimate is for a 635,000 gain in nonfarm private-sector employment, following an increase of 692,000 in June.\nThursday 8/5\nZillow Group,Beyond Meat, Yelp, Wayfair, Kellogg,Bayer,HanesBrands, Moderna,Regeneron Pharmaceuticals,Switch,Cushman & Wakefield,ViacomCBS,Cigna,Duke Energy,Square,News Corp,and Siemensare expected to report financial results.\nFriday 8/6\nThe BLS releases the jobs report for July. Economists forecast a 800,000 rise in nonfarm payrolls, after an 850,000 gain in June. The unemployment rate is expected to edge down to 5.8% from 5.9%.\nDraftKings,Dominion Energy,Gannett,MGM Growth Properties,AMC Networks,Canopy Growth, Tripadvisor,Spectrum Brands Holdings,E.W. Scripps,Cinemark Holdings, and Manitowoc host conference calls to discuss financial results.","news_type":1,"symbols_score_info":{"VIAC":0.9,".IXIC":0.9,"EA":0.9,"GE":0.9,"BABA":0.9,".SPX":0.9,"GM":0.9,"DKNG":0.9,"UBER":0.9,"ROKU":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":489,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811967016,"gmtCreate":1630284706735,"gmtModify":1704957753754,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090653556002830","authorIdStr":"4090653556002830"},"themes":[],"title":"","htmlText":"Go and like pls","listText":"Go and like pls","text":"Go and like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/811967016","repostId":"1193954217","repostType":4,"isVote":1,"tweetType":1,"viewCount":1747,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":834039699,"gmtCreate":1629761400011,"gmtModify":1633682713047,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090653556002830","authorIdStr":"4090653556002830"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/834039699","repostId":"2161562770","repostType":4,"isVote":1,"tweetType":1,"viewCount":526,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836767506,"gmtCreate":1629526171505,"gmtModify":1633684178877,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090653556002830","authorIdStr":"4090653556002830"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/836767506","repostId":"1151608193","repostType":4,"repost":{"id":"1151608193","kind":"news","pubTimestamp":1629728324,"share":"https://www.laohunote.com/m/news/1151608193?lang=zh_CN&edition=full","pubTime":"2021-08-23 22:18","market":"us","language":"en","title":"Buy the pullback in chip stocks — and focus on these 6 companies for the long haul<blockquote>买入芯片股的回调——长期关注这 6 家公司</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1151608193","media":"MarketWatch","summary":"The iShares Semiconductor ETF is down over 6% from recent highs.\nISTOCKPHOTO\nIn the rolling correcti","content":"<p><b>The iShares Semiconductor ETF is down over 6% from recent highs.</b></p><p><blockquote><b>iShares 半导体 ETF 较近期高点下跌超过 6%。</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b24e4a76a5d1cd0ff030cf1b0eeac0f\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>ISTOCKPHOTO</span></p><p><blockquote><p class=\"t-img-caption\"><span>ISTOCKPHOTO</span></p></blockquote></p><p> In the rolling correction that’s running through the stock market, chip makers have been hit harder than most.</p><p><blockquote>在股市的滚动调整中，芯片制造商受到的打击比大多数制造商都要大。</blockquote></p><p> The iShares Semiconductor ETF&nbsp;is down over 6% from recent highs, compared to declines of 2% or less for the S&amp;P 500,Nasdaq&nbsp;Composite&nbsp;and the Dow Jones Industrial Average.</p><p><blockquote>iShares 半导体 ETF 较近期高点下跌超过 6%，而标准普尔 500 指数、纳斯达克综合指数和道琼斯工业平均指数的跌幅为 2% 或更少。</blockquote></p><p> Does that make chip stocks a buy? Or is this historically cyclical sector up to its old tricks and headed into a sustained downtrend that will rip your face off.</p><p><blockquote>这是否意味着芯片股票值得买入？或者，这个历史上具有周期性的行业是否故技重施，陷入持续下跌趋势，让你大吃一惊。</blockquote></p><p> A lot depends on your timeline but if you like to own stocks for years rather than rent them for days, the group is a buy. The chief reason: “It’s different this time.”</p><p><blockquote>很大程度上取决于您的时间表，但如果您喜欢持有股票多年，而不是租用几天，那么该集团值得购买。主要原因： “这次不一样”。</blockquote></p><p> Those are admittedly among the scariest words in investing. But the chip sector has changed so much it really is different now – in ways that suggest it is less likely to crush you.</p><p><blockquote>这些无疑是投资中最可怕的词语之一。但芯片行业已经发生了很大的变化，现在确实不同了——这表明它不太可能压垮你。</blockquote></p><p> You’d be a fool to think there are no risks. I’ll go over those. But first, here are the three main reasons why the group is “safer” now – and six names favored by the half-dozen sector experts I’ve talked with over the past several days.</p><p><blockquote>如果你认为没有风险，那你就是个傻瓜。我会回顾一下这些。但首先，以下是该集团现在 “更安全 ”的三个主要原因--以及我在过去几天里与六位行业专家交谈过的六位行业专家青睐的六个名字。</blockquote></p><p> <b>1. The wicked witch of cyclicality is dead</b></p><p><blockquote><b>1.周期性的邪恶女巫死了</b></blockquote></p><p> “Demand in the chip sector was always boom and bust, driven by product cycles,” says David Winborne, a portfolio manager at Impax Asset Management. “<a href=\"https://laohu8.com/S/FBNC\">First</a> PCs, then servers, then phones.” But now demand for chips has broadened across the economy so the secular growth story is more predictable, he says.</p><p><blockquote>“Impax Asset Management 的投资组合经理 David Winborne 说：”受产品周期的驱动，芯片行业的需求总是时好时坏。“<a href=\"https://laohu8.com/S/FBNC\">第一</a>电脑，然后是服务器，然后是电话。”但他表示，现在整个经济对芯片的需求已经扩大，因此长期增长故事更可预测。</blockquote></p><p> <a href=\"https://laohu8.com/S/JE\">Just</a> look around you. Because of the increased “digitalization” of our lives and work, there’s greater diversity of end market demand from all angles. Think remote office services like <a href=\"https://laohu8.com/S/ZM\">Zoom</a>, online shopping, cloud services, electric vehicles, 5G phones, smart factories, big data computing and even washing machines, points out Hendi Susanto, a portfolio manager and tech analyst at Gabelli Funds who is bullish on the group.</p><p><blockquote><a href=\"https://laohu8.com/S/JE\">刚刚</a>看看你周围。由于我们的生活和工作日益 “数字化 ”，终端市场需求从各个角度都更加多样化。把远程办公服务想象成<a href=\"https://laohu8.com/S/ZM\">缩放</a>看好该集团的 Gabelli Funds 投资组合经理兼技术分析师 Hendi Susanto 指出，网上购物、云服务、电动汽车、5G 手机、智能工厂、大数据计算甚至洗衣机。</blockquote></p><p> “There is no aspect of the modern digital economy that can function without semiconductors,” says Motley Fool chip sector analyst John Rotonti. “That means more chips going into everything. The long-term demand is there.”</p><p><blockquote>“Motley Fool 芯片行业分析师 John Rotonti 说：”现代数字经济的任何方面都离不开半导体。“这意味着所有东西都有更多的筹码。长期需求是存在的”。</blockquote></p><p> He’s not kidding. Chip sector revenue will double by 2030 to $1 trillion from $465 billion in 2020, predicts William&nbsp;Blair&nbsp;analyst Greg Scolaro.</p><p><blockquote>他没开玩笑。威廉·布莱尔分析师格雷格·斯科拉罗预测，到2030年，芯片行业的收入将从2020年的4650亿美元翻一番，达到1万亿美元。</blockquote></p><p> All of this means the widespread supply shortages you’ve been hearing about “likely won’t be cured until sometime late next year,” says <a href=\"https://laohu8.com/S/BAC\">Bank of America</a> chip sector analyst Vivek Arya. “That’s not just our view, but <a href=\"https://laohu8.com/S/AONE.U\">one</a> confirmed by a majority of large customers.”</p><p><blockquote>所有这些都意味着，你听到的大范围供应短缺 “可能要到明年年底的某个时候才能得到解决”。<a href=\"https://laohu8.com/S/BAC\">美国银行</a>芯片行业分析师 Vivek Arya。“这不仅是我们的观点，而且<a href=\"https://laohu8.com/S/AONE.U\">一</a>大多数大客户都证实了这一点。”</blockquote></p><p> <b>2. The players have consolidated</b></p><p><blockquote><b>2、玩家巩固</b></blockquote></p><p> All up and down the production chain, from design through the various types of equipment producers to manufacturing, industry players have consolidated down into what Rotonti calls “earned” duopolies or monopolies.</p><p><blockquote>在生产链的上下游，从设计到各类设备生产商再到制造，行业参与者已经整合成罗通蒂-评级 “赢得 ”的双头垄断或垄断。</blockquote></p><p> In chip design software, you have Cadence Design Systems&nbsp;and Synopsys.In production equipment, companies dominate specialized niches like ASML&nbsp;in extreme ultraviolet lithography&nbsp;(EUV). Manufacturing is dominated by Taiwan Semiconductor&nbsp;and Samsung Electronics.</p><p><blockquote>在芯片设计软件中，你有Cadence Design Systems和Synopsys。在生产设备方面，公司在极紫外光刻 (EUV) 等专业领域占据主导地位，例如 ASML。制造业由台积电和三星电子主导。</blockquote></p><p> These companies earned their niche or duopoly status by being the best at what they do. This makes them interesting for investors. The consolidation also means players behave more rationally in terms of pricing and production capacity, says Rotonti.</p><p><blockquote>这些公司通过在他们所做的事情上做到最好，赢得了他们的利基或双寡头地位。这使得投资者对它们感兴趣。Rotonti 表示，整合还意味着参与者在定价和产能方面的行为更加理性。</blockquote></p><p> <b>3. Profitability has improved</b></p><p><blockquote><b>3、盈利能力有所改善</b></blockquote></p><p> This more rational behavior, combined with cost cutting, means profitability is now much higher than it was historically. “The economics of chip making has improved massively over past few years,” says Winbourne. Cash flow or EBITDA margins are often now over 30% whereas a decade ago they were in the 20% range.</p><p><blockquote>这种更加理性的行为，加上成本削减，意味着现在的盈利能力比历史上高得多。“温伯恩说：”在过去的几年里，芯片制造的经济性有了很大的改善。现金流或 EBITDA 利润率现在通常超过 30%，而十年前则在 20% 左右。</blockquote></p><p> This has implications for valuation. Though chip stocks trade at about a market multiple, they appear cheap because they are better companies, points out Lamar Villere, portfolio manager with Villere &amp; Co. “They are not trading at a frothy multiple.”</p><p><blockquote>这对估值有影响。Villere &amp; Co. 的投资组合经理拉马尔·维莱尔 (Lamar Villere) 指出，尽管芯片股票的交易市盈率约为市盈率，但它们看起来很便宜，因为它们是更好的公司。“他们并没有以泡沫倍数进行交易”。</blockquote></p><p> <b>The stocks to buy</b></p><p><blockquote><b>要买的股票</b></blockquote></p><p> Here are six names favored by chip experts I recently checked in with.</p><p><blockquote>以下是我最近核实的芯片专家青睐的六个名字。</blockquote></p><p> <b>New management plays</b></p><p><blockquote><b>新管理层玩法</b></blockquote></p><p> Though Peter Karazeris, a senior equity research analyst at Thrivent, has reasons to be cautious on the group (see below), he singles out two companies whose performance may get a boost because they are under new management: Qualcomm&nbsp;and ON Semiconductor.</p><p><blockquote>尽管 Thrivent 高级股票研究分析师彼得·卡拉泽里斯 (Peter Karazeris) 有理由对该集团持谨慎态度（见下文），但他特别指出了两家公司的业绩可能会因为新管理层而得到提振：高通和安森美半导体。</blockquote></p><p></p><p> Both have solid profitability. Qualcomm was recently hit by one-off issues like bad weather in Texas that disrupted production, but the company has good exposure to the 5G phone trend. <a href=\"https://laohu8.com/S/ON\">ON Semiconductor</a> is expanding beyond phones into new areas like autos, industrial and the Internet of Things connected-device space.</p><p><blockquote>两者都具有稳定的盈利能力。高通最近受到德克萨斯州恶劣天气等一次性问题的打击，导致生产中断，但该公司对5G手机趋势有很好的了解。<a href=\"https://laohu8.com/S/ON\">半导体</a>正在将手机以外的领域扩展到汽车、工业和物联网等新领域——联网设备领域。</blockquote></p><p> <b>A data center and gaming play</b></p><p><blockquote><b>数据中心和游戏</b></blockquote></p><p> Karazeris also singles out Nvidia,which gets a continuing boost from its exposure to data center and gaming device chip demand — because of its superior design prowess.</p><p><blockquote>Karazeris 还特别提到了 Nvidia， 由于其卓越的设计能力， Nvidia 从数据中心和游戏设备芯片需求中获得了持续提振。</blockquote></p><p> <b>Design tool companies</b></p><p><blockquote><b>设计工具公司</b></blockquote></p><p> Speaking of design, when companies like Qualcomm and NVIDIA want to design chips, they turn to the design tools supplied by Cadence Design Systems and <a href=\"https://laohu8.com/S/SNPS\">Synopsys</a>.</p><p><blockquote>说到设计，当高通和英伟达等公司想要设计芯片时，他们会求助于Cadence Design Systems提供的设计工具和<a href=\"https://laohu8.com/S/SNPS\">概要</a>.</blockquote></p><p> Their software-based design tools help chip innovators create the blueprint for their chips, explains Rotonti at Motley Fool, who singles out these names. “They are not the fastest growers in the world, but they have good profit margins.” They also dominate the space.</p><p><blockquote>Motley Fool 的 Rotonti 解释说，他们基于软件的设计工具可以帮助芯片创新者为他们的芯片创建蓝图，他特别指出了这些名字。“他们不是世界上增长最快的公司，但他们的利润率很高”。他们也主宰了太空。</blockquote></p><p> <b>An EUV&nbsp;play</b></p><p><blockquote><b>EUV游戏</b></blockquote></p><p> To put those blueprints onto silicon in the early stages of chip production, companies like Taiwan Semiconductor and Samsung turn to ASML. Its machines use tiny bursts of light to stencil chip designs onto silicon wafers, in a process called extreme ultraviolet lithography. “No one else has figured out how to do it,” says Rotonti.</p><p><blockquote>为了在芯片生产的早期阶段将这些蓝图应用到硅上，台积电和三星等公司转向了ASML。它的机器使用微小的光脉冲将芯片设计模板印在硅片上，这一过程称为极紫外线光刻。“罗通蒂说：”其他人还没有想出怎么做。</blockquote></p><p> In other words, it has a monopoly position in supplying machines that do this – which are necessary for any company that wants to make leading edge chips.</p><p><blockquote>换句话说，它在供应这样做的机器方面拥有垄断地位——这对于任何想要制造领先芯片的公司来说都是必要的。</blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> Here are some of the chief risks for chip sector investors to watch.</p><p><blockquote>以下是芯片行业投资者需要关注的一些主要风险。</blockquote></p><p> <b>Oversupply</b></p><p><blockquote><b>供过于求</b></blockquote></p><p> Chip production has become politicized. The U.S. wants more production at home so it is not vulnerable to disruptions in Chinese supply chains. <a href=\"https://laohu8.com/S/CAAS\">China</a> wants to make 70% of the chips it uses by 2025, up from 5% now, says Winborne.</p><p><blockquote>芯片生产已经政治化。美国希望在国内生产更多，这样它就不会受到中国供应链中断的影响。<a href=\"https://laohu8.com/S/CAAS\">中国</a>Winborne 表示，希望到 2025 年生产其使用的芯片的 70%，高于目前的 5%。</blockquote></p><p> The upshot here is that there’s lots of government support to boost manufacturing – so there will be much more of it. The risk is oversupply at some point in the future. This might also create a pull forward in chip equipment purchases — leading to a lull down the road which could hurt sales and margin trends at equipment makers.</p><p><blockquote>结果是，政府为促进制造业提供了大量支持，因此会有更多支持。风险是未来某个时候供应过剩。这也可能会推动芯片设备的采购，导致未来的平静，这可能会损害设备制造商的销售和利润率趋势。</blockquote></p><p> Next, big tech companies like Alphabet,Apple&nbsp;and Ammazon.com&nbsp;are all doing their own chip design, which threatens specialized chip companies that do the same thing.</p><p><blockquote>接下来，像Alphabet、苹果和亚马逊这样的大型科技公司都在做自己的芯片设计，这威胁到了做同样事情的专业芯片公司。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/QTM\">Quantum</a> computing</b></p><p><blockquote><b><a href=\"https://laohu8.com/S/QTM\">量子的</a>计算机的</b></blockquote></p><p> Computers using chip designs based on quantum physics instead of traditional semiconductor architectures have superior performance, points out Scolaro at William Blair. “While it probably won’t become mainstream for at least another five years, quantum computing has the potential to transform everything from technology to healthcare.”</p><p><blockquote>William Blair 的 Scolaro 指出，使用基于量子物理学的芯片设计而不是传统半导体架构的计算机具有卓越的性能。“虽然量子计算可能至少在未来五年内不会成为主流，但它有潜力改变从技术到医疗保健的一切。”</blockquote></p><p> <b>A disturbing signal</b></p><p><blockquote><b>干扰信号</b></blockquote></p><p> A blend of global purchasing managers (PMI) indexes peaked in April and then decelerated for three months. Meanwhile chip sales growth continued. Normally the two follow the same trend, points out Karazeris, who tracks this indicator at Thrivent. He chalks the divergence up to inventory building which is less sustainable than true end-market demand. So, he takes the divergence as a bearish signal for the chip sector.</p><p><blockquote>全球采购经理人 (PMI) 指数在 4 月份达到峰值，然后连续三个月放缓。与此同时，芯片销售持续增长。Thrivent 跟踪该指标的 Karazeris 指出，通常两者遵循相同的趋势。他将这种差异归因于库存积累，而库存积累不如真正的终端市场需求可持续。因此，他认为这种背离是芯片行业的看跌信号。</blockquote></p><p> Another cautionary sign comes from the forecasted weakness in pricing for dynamic random-access memory&nbsp;(DRAM) chips. “These are typically things you see at tops of cycles not the bottoms,” says Karazeris.</p><p><blockquote>另一个警告信号来自动态随机存取存储器（DRAM）芯片定价的预测疲软。“卡拉泽里斯说：”这些通常是在周期的顶部而不是底部看到的东西。</blockquote></p><p> But it’s also possible the slowdown in the global PMI is more a reflection of chip shortages than a sign that the shortages aren’t real (and are just inventory building). “The divergence doesn’t necessarily mean that chip orders are going to roll over and die. It means chip manufacturing has to catch up,” says Leuthold economist and strategist Jim Paulsen.</p><p><blockquote>但也有可能全球采购经理人指数的放缓更多的是芯片短缺的反映，而不是短缺并非真实存在的迹象（只是库存积压）。“Leuthold 经济学家兼策略师吉姆-保尔森（Jim Paulsen）说：”这种分歧并不一定意味着芯片订单会翻盘消亡。这意味着芯片制造业必须迎头赶上。</blockquote></p><p> Ford,for example, just announced it had to curtail production because of chip shortages, not a shortfall in underlying demand.</p><p><blockquote>例如，福特刚刚宣布不得不减产是因为芯片短缺，而不是潜在需求不足。</blockquote></p><p> Paulsen predicts decent economic growth is sustainable because of factors like high savings rates, the rebound in employment and incomes as well as pent-up demand for big ticket items. If he’s right, the continued economic strength would support demand for all the products that use chips – including <a href=\"https://laohu8.com/S/F\">Ford</a> cars.</p><p><blockquote>保尔森预测，由于高储蓄率、就业和收入反弹以及对大件商品被压抑的需求等因素，体面的经济增长是可持续的。如果他是对的，持续的经济实力将支撑对所有使用芯片的产品的需求，包括<a href=\"https://laohu8.com/S/F\">福特</a>汽车。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy the pullback in chip stocks — and focus on these 6 companies for the long haul<blockquote>买入芯片股的回调——长期关注这 6 家公司</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\">\nBuy the pullback in chip stocks — and focus on these 6 companies for the long haul<blockquote>买入芯片股的回调——长期关注这 6 家公司</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-23 22:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>The iShares Semiconductor ETF is down over 6% from recent highs.</b></p><p><blockquote><b>iShares 半导体 ETF 较近期高点下跌超过 6%。</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b24e4a76a5d1cd0ff030cf1b0eeac0f\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>ISTOCKPHOTO</span></p><p><blockquote><p class=\"t-img-caption\"><span>ISTOCKPHOTO</span></p></blockquote></p><p> In the rolling correction that’s running through the stock market, chip makers have been hit harder than most.</p><p><blockquote>在股市的滚动调整中，芯片制造商受到的打击比大多数制造商都要大。</blockquote></p><p> The iShares Semiconductor ETF&nbsp;is down over 6% from recent highs, compared to declines of 2% or less for the S&amp;P 500,Nasdaq&nbsp;Composite&nbsp;and the Dow Jones Industrial Average.</p><p><blockquote>iShares 半导体 ETF 较近期高点下跌超过 6%，而标准普尔 500 指数、纳斯达克综合指数和道琼斯工业平均指数的跌幅为 2% 或更少。</blockquote></p><p> Does that make chip stocks a buy? Or is this historically cyclical sector up to its old tricks and headed into a sustained downtrend that will rip your face off.</p><p><blockquote>这是否意味着芯片股票值得买入？或者，这个历史上具有周期性的行业是否故技重施，陷入持续下跌趋势，让你大吃一惊。</blockquote></p><p> A lot depends on your timeline but if you like to own stocks for years rather than rent them for days, the group is a buy. The chief reason: “It’s different this time.”</p><p><blockquote>很大程度上取决于您的时间表，但如果您喜欢持有股票多年，而不是租用几天，那么该集团值得购买。主要原因： “这次不一样”。</blockquote></p><p> Those are admittedly among the scariest words in investing. But the chip sector has changed so much it really is different now – in ways that suggest it is less likely to crush you.</p><p><blockquote>这些无疑是投资中最可怕的词语之一。但芯片行业已经发生了很大的变化，现在确实不同了——这表明它不太可能压垮你。</blockquote></p><p> You’d be a fool to think there are no risks. I’ll go over those. But first, here are the three main reasons why the group is “safer” now – and six names favored by the half-dozen sector experts I’ve talked with over the past several days.</p><p><blockquote>如果你认为没有风险，那你就是个傻瓜。我会回顾一下这些。但首先，以下是该集团现在 “更安全 ”的三个主要原因--以及我在过去几天里与六位行业专家交谈过的六位行业专家青睐的六个名字。</blockquote></p><p> <b>1. The wicked witch of cyclicality is dead</b></p><p><blockquote><b>1.周期性的邪恶女巫死了</b></blockquote></p><p> “Demand in the chip sector was always boom and bust, driven by product cycles,” says David Winborne, a portfolio manager at Impax Asset Management. “<a href=\"https://laohu8.com/S/FBNC\">First</a> PCs, then servers, then phones.” But now demand for chips has broadened across the economy so the secular growth story is more predictable, he says.</p><p><blockquote>“Impax Asset Management 的投资组合经理 David Winborne 说：”受产品周期的驱动，芯片行业的需求总是时好时坏。“<a href=\"https://laohu8.com/S/FBNC\">第一</a>电脑，然后是服务器，然后是电话。”但他表示，现在整个经济对芯片的需求已经扩大，因此长期增长故事更可预测。</blockquote></p><p> <a href=\"https://laohu8.com/S/JE\">Just</a> look around you. Because of the increased “digitalization” of our lives and work, there’s greater diversity of end market demand from all angles. Think remote office services like <a href=\"https://laohu8.com/S/ZM\">Zoom</a>, online shopping, cloud services, electric vehicles, 5G phones, smart factories, big data computing and even washing machines, points out Hendi Susanto, a portfolio manager and tech analyst at Gabelli Funds who is bullish on the group.</p><p><blockquote><a href=\"https://laohu8.com/S/JE\">刚刚</a>看看你周围。由于我们的生活和工作日益 “数字化 ”，终端市场需求从各个角度都更加多样化。把远程办公服务想象成<a href=\"https://laohu8.com/S/ZM\">缩放</a>看好该集团的 Gabelli Funds 投资组合经理兼技术分析师 Hendi Susanto 指出，网上购物、云服务、电动汽车、5G 手机、智能工厂、大数据计算甚至洗衣机。</blockquote></p><p> “There is no aspect of the modern digital economy that can function without semiconductors,” says Motley Fool chip sector analyst John Rotonti. “That means more chips going into everything. The long-term demand is there.”</p><p><blockquote>“Motley Fool 芯片行业分析师 John Rotonti 说：”现代数字经济的任何方面都离不开半导体。“这意味着所有东西都有更多的筹码。长期需求是存在的”。</blockquote></p><p> He’s not kidding. Chip sector revenue will double by 2030 to $1 trillion from $465 billion in 2020, predicts William&nbsp;Blair&nbsp;analyst Greg Scolaro.</p><p><blockquote>他没开玩笑。威廉·布莱尔分析师格雷格·斯科拉罗预测，到2030年，芯片行业的收入将从2020年的4650亿美元翻一番，达到1万亿美元。</blockquote></p><p> All of this means the widespread supply shortages you’ve been hearing about “likely won’t be cured until sometime late next year,” says <a href=\"https://laohu8.com/S/BAC\">Bank of America</a> chip sector analyst Vivek Arya. “That’s not just our view, but <a href=\"https://laohu8.com/S/AONE.U\">one</a> confirmed by a majority of large customers.”</p><p><blockquote>所有这些都意味着，你听到的大范围供应短缺 “可能要到明年年底的某个时候才能得到解决”。<a href=\"https://laohu8.com/S/BAC\">美国银行</a>芯片行业分析师 Vivek Arya。“这不仅是我们的观点，而且<a href=\"https://laohu8.com/S/AONE.U\">一</a>大多数大客户都证实了这一点。”</blockquote></p><p> <b>2. The players have consolidated</b></p><p><blockquote><b>2、玩家巩固</b></blockquote></p><p> All up and down the production chain, from design through the various types of equipment producers to manufacturing, industry players have consolidated down into what Rotonti calls “earned” duopolies or monopolies.</p><p><blockquote>在生产链的上下游，从设计到各类设备生产商再到制造，行业参与者已经整合成罗通蒂-评级 “赢得 ”的双头垄断或垄断。</blockquote></p><p> In chip design software, you have Cadence Design Systems&nbsp;and Synopsys.In production equipment, companies dominate specialized niches like ASML&nbsp;in extreme ultraviolet lithography&nbsp;(EUV). Manufacturing is dominated by Taiwan Semiconductor&nbsp;and Samsung Electronics.</p><p><blockquote>在芯片设计软件中，你有Cadence Design Systems和Synopsys。在生产设备方面，公司在极紫外光刻 (EUV) 等专业领域占据主导地位，例如 ASML。制造业由台积电和三星电子主导。</blockquote></p><p> These companies earned their niche or duopoly status by being the best at what they do. This makes them interesting for investors. The consolidation also means players behave more rationally in terms of pricing and production capacity, says Rotonti.</p><p><blockquote>这些公司通过在他们所做的事情上做到最好，赢得了他们的利基或双寡头地位。这使得投资者对它们感兴趣。Rotonti 表示，整合还意味着参与者在定价和产能方面的行为更加理性。</blockquote></p><p> <b>3. Profitability has improved</b></p><p><blockquote><b>3、盈利能力有所改善</b></blockquote></p><p> This more rational behavior, combined with cost cutting, means profitability is now much higher than it was historically. “The economics of chip making has improved massively over past few years,” says Winbourne. Cash flow or EBITDA margins are often now over 30% whereas a decade ago they were in the 20% range.</p><p><blockquote>这种更加理性的行为，加上成本削减，意味着现在的盈利能力比历史上高得多。“温伯恩说：”在过去的几年里，芯片制造的经济性有了很大的改善。现金流或 EBITDA 利润率现在通常超过 30%，而十年前则在 20% 左右。</blockquote></p><p> This has implications for valuation. Though chip stocks trade at about a market multiple, they appear cheap because they are better companies, points out Lamar Villere, portfolio manager with Villere &amp; Co. “They are not trading at a frothy multiple.”</p><p><blockquote>这对估值有影响。Villere &amp; Co. 的投资组合经理拉马尔·维莱尔 (Lamar Villere) 指出，尽管芯片股票的交易市盈率约为市盈率，但它们看起来很便宜，因为它们是更好的公司。“他们并没有以泡沫倍数进行交易”。</blockquote></p><p> <b>The stocks to buy</b></p><p><blockquote><b>要买的股票</b></blockquote></p><p> Here are six names favored by chip experts I recently checked in with.</p><p><blockquote>以下是我最近核实的芯片专家青睐的六个名字。</blockquote></p><p> <b>New management plays</b></p><p><blockquote><b>新管理层玩法</b></blockquote></p><p> Though Peter Karazeris, a senior equity research analyst at Thrivent, has reasons to be cautious on the group (see below), he singles out two companies whose performance may get a boost because they are under new management: Qualcomm&nbsp;and ON Semiconductor.</p><p><blockquote>尽管 Thrivent 高级股票研究分析师彼得·卡拉泽里斯 (Peter Karazeris) 有理由对该集团持谨慎态度（见下文），但他特别指出了两家公司的业绩可能会因为新管理层而得到提振：高通和安森美半导体。</blockquote></p><p></p><p> Both have solid profitability. Qualcomm was recently hit by one-off issues like bad weather in Texas that disrupted production, but the company has good exposure to the 5G phone trend. <a href=\"https://laohu8.com/S/ON\">ON Semiconductor</a> is expanding beyond phones into new areas like autos, industrial and the Internet of Things connected-device space.</p><p><blockquote>两者都具有稳定的盈利能力。高通最近受到德克萨斯州恶劣天气等一次性问题的打击，导致生产中断，但该公司对5G手机趋势有很好的了解。<a href=\"https://laohu8.com/S/ON\">半导体</a>正在将手机以外的领域扩展到汽车、工业和物联网等新领域——联网设备领域。</blockquote></p><p> <b>A data center and gaming play</b></p><p><blockquote><b>数据中心和游戏</b></blockquote></p><p> Karazeris also singles out Nvidia,which gets a continuing boost from its exposure to data center and gaming device chip demand — because of its superior design prowess.</p><p><blockquote>Karazeris 还特别提到了 Nvidia， 由于其卓越的设计能力， Nvidia 从数据中心和游戏设备芯片需求中获得了持续提振。</blockquote></p><p> <b>Design tool companies</b></p><p><blockquote><b>设计工具公司</b></blockquote></p><p> Speaking of design, when companies like Qualcomm and NVIDIA want to design chips, they turn to the design tools supplied by Cadence Design Systems and <a href=\"https://laohu8.com/S/SNPS\">Synopsys</a>.</p><p><blockquote>说到设计，当高通和英伟达等公司想要设计芯片时，他们会求助于Cadence Design Systems提供的设计工具和<a href=\"https://laohu8.com/S/SNPS\">概要</a>.</blockquote></p><p> Their software-based design tools help chip innovators create the blueprint for their chips, explains Rotonti at Motley Fool, who singles out these names. “They are not the fastest growers in the world, but they have good profit margins.” They also dominate the space.</p><p><blockquote>Motley Fool 的 Rotonti 解释说，他们基于软件的设计工具可以帮助芯片创新者为他们的芯片创建蓝图，他特别指出了这些名字。“他们不是世界上增长最快的公司，但他们的利润率很高”。他们也主宰了太空。</blockquote></p><p> <b>An EUV&nbsp;play</b></p><p><blockquote><b>EUV游戏</b></blockquote></p><p> To put those blueprints onto silicon in the early stages of chip production, companies like Taiwan Semiconductor and Samsung turn to ASML. Its machines use tiny bursts of light to stencil chip designs onto silicon wafers, in a process called extreme ultraviolet lithography. “No one else has figured out how to do it,” says Rotonti.</p><p><blockquote>为了在芯片生产的早期阶段将这些蓝图应用到硅上，台积电和三星等公司转向了ASML。它的机器使用微小的光脉冲将芯片设计模板印在硅片上，这一过程称为极紫外线光刻。“罗通蒂说：”其他人还没有想出怎么做。</blockquote></p><p> In other words, it has a monopoly position in supplying machines that do this – which are necessary for any company that wants to make leading edge chips.</p><p><blockquote>换句话说，它在供应这样做的机器方面拥有垄断地位——这对于任何想要制造领先芯片的公司来说都是必要的。</blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> Here are some of the chief risks for chip sector investors to watch.</p><p><blockquote>以下是芯片行业投资者需要关注的一些主要风险。</blockquote></p><p> <b>Oversupply</b></p><p><blockquote><b>供过于求</b></blockquote></p><p> Chip production has become politicized. The U.S. wants more production at home so it is not vulnerable to disruptions in Chinese supply chains. <a href=\"https://laohu8.com/S/CAAS\">China</a> wants to make 70% of the chips it uses by 2025, up from 5% now, says Winborne.</p><p><blockquote>芯片生产已经政治化。美国希望在国内生产更多，这样它就不会受到中国供应链中断的影响。<a href=\"https://laohu8.com/S/CAAS\">中国</a>Winborne 表示，希望到 2025 年生产其使用的芯片的 70%，高于目前的 5%。</blockquote></p><p> The upshot here is that there’s lots of government support to boost manufacturing – so there will be much more of it. The risk is oversupply at some point in the future. This might also create a pull forward in chip equipment purchases — leading to a lull down the road which could hurt sales and margin trends at equipment makers.</p><p><blockquote>结果是，政府为促进制造业提供了大量支持，因此会有更多支持。风险是未来某个时候供应过剩。这也可能会推动芯片设备的采购，导致未来的平静，这可能会损害设备制造商的销售和利润率趋势。</blockquote></p><p> Next, big tech companies like Alphabet,Apple&nbsp;and Ammazon.com&nbsp;are all doing their own chip design, which threatens specialized chip companies that do the same thing.</p><p><blockquote>接下来，像Alphabet、苹果和亚马逊这样的大型科技公司都在做自己的芯片设计，这威胁到了做同样事情的专业芯片公司。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/QTM\">Quantum</a> computing</b></p><p><blockquote><b><a href=\"https://laohu8.com/S/QTM\">量子的</a>计算机的</b></blockquote></p><p> Computers using chip designs based on quantum physics instead of traditional semiconductor architectures have superior performance, points out Scolaro at William Blair. “While it probably won’t become mainstream for at least another five years, quantum computing has the potential to transform everything from technology to healthcare.”</p><p><blockquote>William Blair 的 Scolaro 指出，使用基于量子物理学的芯片设计而不是传统半导体架构的计算机具有卓越的性能。“虽然量子计算可能至少在未来五年内不会成为主流，但它有潜力改变从技术到医疗保健的一切。”</blockquote></p><p> <b>A disturbing signal</b></p><p><blockquote><b>干扰信号</b></blockquote></p><p> A blend of global purchasing managers (PMI) indexes peaked in April and then decelerated for three months. Meanwhile chip sales growth continued. Normally the two follow the same trend, points out Karazeris, who tracks this indicator at Thrivent. He chalks the divergence up to inventory building which is less sustainable than true end-market demand. So, he takes the divergence as a bearish signal for the chip sector.</p><p><blockquote>全球采购经理人 (PMI) 指数在 4 月份达到峰值，然后连续三个月放缓。与此同时，芯片销售持续增长。Thrivent 跟踪该指标的 Karazeris 指出，通常两者遵循相同的趋势。他将这种差异归因于库存积累，而库存积累不如真正的终端市场需求可持续。因此，他认为这种背离是芯片行业的看跌信号。</blockquote></p><p> Another cautionary sign comes from the forecasted weakness in pricing for dynamic random-access memory&nbsp;(DRAM) chips. “These are typically things you see at tops of cycles not the bottoms,” says Karazeris.</p><p><blockquote>另一个警告信号来自动态随机存取存储器（DRAM）芯片定价的预测疲软。“卡拉泽里斯说：”这些通常是在周期的顶部而不是底部看到的东西。</blockquote></p><p> But it’s also possible the slowdown in the global PMI is more a reflection of chip shortages than a sign that the shortages aren’t real (and are just inventory building). “The divergence doesn’t necessarily mean that chip orders are going to roll over and die. It means chip manufacturing has to catch up,” says Leuthold economist and strategist Jim Paulsen.</p><p><blockquote>但也有可能全球采购经理人指数的放缓更多的是芯片短缺的反映，而不是短缺并非真实存在的迹象（只是库存积压）。“Leuthold 经济学家兼策略师吉姆-保尔森（Jim Paulsen）说：”这种分歧并不一定意味着芯片订单会翻盘消亡。这意味着芯片制造业必须迎头赶上。</blockquote></p><p> Ford,for example, just announced it had to curtail production because of chip shortages, not a shortfall in underlying demand.</p><p><blockquote>例如，福特刚刚宣布不得不减产是因为芯片短缺，而不是潜在需求不足。</blockquote></p><p> Paulsen predicts decent economic growth is sustainable because of factors like high savings rates, the rebound in employment and incomes as well as pent-up demand for big ticket items. If he’s right, the continued economic strength would support demand for all the products that use chips – including <a href=\"https://laohu8.com/S/F\">Ford</a> cars.</p><p><blockquote>保尔森预测，由于高储蓄率、就业和收入反弹以及对大件商品被压抑的需求等因素，体面的经济增长是可持续的。如果他是对的，持续的经济实力将支撑对所有使用芯片的产品的需求，包括<a href=\"https://laohu8.com/S/F\">福特</a>汽车。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/buy-the-pullback-in-chip-stocks-and-focus-on-these-6-companies-for-the-long-haul-11629468380?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QCOM":"高通","GOOGL":"谷歌A","ON":"安森美半导体","SSNLF":"三星电子","TSM":"台积电","SNPS":"新思科技","ASML":"阿斯麦","CDNS":"铿腾电子","SOXX":"iShares费城交易所半导体ETF","AMZN":"亚马逊","NVDA":"英伟达","GOOG":"谷歌","AAPL":"苹果"},"source_url":"https://www.marketwatch.com/story/buy-the-pullback-in-chip-stocks-and-focus-on-these-6-companies-for-the-long-haul-11629468380?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151608193","content_text":"The iShares Semiconductor ETF is down over 6% from recent highs.\nISTOCKPHOTO\nIn the rolling correction that’s running through the stock market, chip makers have been hit harder than most.\nThe iShares Semiconductor ETF is down over 6% from recent highs, compared to declines of 2% or less for the S&P 500,Nasdaq Composite and the Dow Jones Industrial Average.\nDoes that make chip stocks a buy? Or is this historically cyclical sector up to its old tricks and headed into a sustained downtrend that will rip your face off.\nA lot depends on your timeline but if you like to own stocks for years rather than rent them for days, the group is a buy. The chief reason: “It’s different this time.”\nThose are admittedly among the scariest words in investing. But the chip sector has changed so much it really is different now – in ways that suggest it is less likely to crush you.\nYou’d be a fool to think there are no risks. I’ll go over those. But first, here are the three main reasons why the group is “safer” now – and six names favored by the half-dozen sector experts I’ve talked with over the past several days.\n1. The wicked witch of cyclicality is dead\n“Demand in the chip sector was always boom and bust, driven by product cycles,” says David Winborne, a portfolio manager at Impax Asset Management. “First PCs, then servers, then phones.” But now demand for chips has broadened across the economy so the secular growth story is more predictable, he says.\nJust look around you. Because of the increased “digitalization” of our lives and work, there’s greater diversity of end market demand from all angles. Think remote office services like Zoom, online shopping, cloud services, electric vehicles, 5G phones, smart factories, big data computing and even washing machines, points out Hendi Susanto, a portfolio manager and tech analyst at Gabelli Funds who is bullish on the group.\n“There is no aspect of the modern digital economy that can function without semiconductors,” says Motley Fool chip sector analyst John Rotonti. “That means more chips going into everything. The long-term demand is there.”\nHe’s not kidding. Chip sector revenue will double by 2030 to $1 trillion from $465 billion in 2020, predicts William Blair analyst Greg Scolaro.\nAll of this means the widespread supply shortages you’ve been hearing about “likely won’t be cured until sometime late next year,” says Bank of America chip sector analyst Vivek Arya. “That’s not just our view, but one confirmed by a majority of large customers.”\n2. The players have consolidated\nAll up and down the production chain, from design through the various types of equipment producers to manufacturing, industry players have consolidated down into what Rotonti calls “earned” duopolies or monopolies.\nIn chip design software, you have Cadence Design Systems and Synopsys.In production equipment, companies dominate specialized niches like ASML in extreme ultraviolet lithography (EUV). Manufacturing is dominated by Taiwan Semiconductor and Samsung Electronics.\nThese companies earned their niche or duopoly status by being the best at what they do. This makes them interesting for investors. The consolidation also means players behave more rationally in terms of pricing and production capacity, says Rotonti.\n3. Profitability has improved\nThis more rational behavior, combined with cost cutting, means profitability is now much higher than it was historically. “The economics of chip making has improved massively over past few years,” says Winbourne. Cash flow or EBITDA margins are often now over 30% whereas a decade ago they were in the 20% range.\nThis has implications for valuation. Though chip stocks trade at about a market multiple, they appear cheap because they are better companies, points out Lamar Villere, portfolio manager with Villere & Co. “They are not trading at a frothy multiple.”\nThe stocks to buy\nHere are six names favored by chip experts I recently checked in with.\nNew management plays\nThough Peter Karazeris, a senior equity research analyst at Thrivent, has reasons to be cautious on the group (see below), he singles out two companies whose performance may get a boost because they are under new management: Qualcomm and ON Semiconductor.\nBoth have solid profitability. Qualcomm was recently hit by one-off issues like bad weather in Texas that disrupted production, but the company has good exposure to the 5G phone trend. ON Semiconductor is expanding beyond phones into new areas like autos, industrial and the Internet of Things connected-device space.\nA data center and gaming play\nKarazeris also singles out Nvidia,which gets a continuing boost from its exposure to data center and gaming device chip demand — because of its superior design prowess.\nDesign tool companies\nSpeaking of design, when companies like Qualcomm and NVIDIA want to design chips, they turn to the design tools supplied by Cadence Design Systems and Synopsys.\nTheir software-based design tools help chip innovators create the blueprint for their chips, explains Rotonti at Motley Fool, who singles out these names. “They are not the fastest growers in the world, but they have good profit margins.” They also dominate the space.\nAn EUV play\nTo put those blueprints onto silicon in the early stages of chip production, companies like Taiwan Semiconductor and Samsung turn to ASML. Its machines use tiny bursts of light to stencil chip designs onto silicon wafers, in a process called extreme ultraviolet lithography. “No one else has figured out how to do it,” says Rotonti.\nIn other words, it has a monopoly position in supplying machines that do this – which are necessary for any company that wants to make leading edge chips.\nRisks\nHere are some of the chief risks for chip sector investors to watch.\nOversupply\nChip production has become politicized. The U.S. wants more production at home so it is not vulnerable to disruptions in Chinese supply chains. China wants to make 70% of the chips it uses by 2025, up from 5% now, says Winborne.\nThe upshot here is that there’s lots of government support to boost manufacturing – so there will be much more of it. The risk is oversupply at some point in the future. This might also create a pull forward in chip equipment purchases — leading to a lull down the road which could hurt sales and margin trends at equipment makers.\nNext, big tech companies like Alphabet,Apple and Ammazon.com are all doing their own chip design, which threatens specialized chip companies that do the same thing.\nQuantum computing\nComputers using chip designs based on quantum physics instead of traditional semiconductor architectures have superior performance, points out Scolaro at William Blair. “While it probably won’t become mainstream for at least another five years, quantum computing has the potential to transform everything from technology to healthcare.”\nA disturbing signal\nA blend of global purchasing managers (PMI) indexes peaked in April and then decelerated for three months. Meanwhile chip sales growth continued. Normally the two follow the same trend, points out Karazeris, who tracks this indicator at Thrivent. He chalks the divergence up to inventory building which is less sustainable than true end-market demand. So, he takes the divergence as a bearish signal for the chip sector.\nAnother cautionary sign comes from the forecasted weakness in pricing for dynamic random-access memory (DRAM) chips. “These are typically things you see at tops of cycles not the bottoms,” says Karazeris.\nBut it’s also possible the slowdown in the global PMI is more a reflection of chip shortages than a sign that the shortages aren’t real (and are just inventory building). “The divergence doesn’t necessarily mean that chip orders are going to roll over and die. It means chip manufacturing has to catch up,” says Leuthold economist and strategist Jim Paulsen.\nFord,for example, just announced it had to curtail production because of chip shortages, not a shortfall in underlying demand.\nPaulsen predicts decent economic growth is sustainable because of factors like high savings rates, the rebound in employment and incomes as well as pent-up demand for big ticket items. If he’s right, the continued economic strength would support demand for all the products that use chips – including Ford cars.","news_type":1,"symbols_score_info":{"TSM":0.9,"SSNLF":0.9,"SNPS":0.9,"NVDA":0.9,"AAPL":0.9,"QCOM":0.9,"ON":0.9,"CDNS":0.9,"GOOGL":0.9,"SOXX":0.9,"AMZN":0.9,"ASML":0.9,"GOOG":0.9}},"isVote":1,"tweetType":1,"viewCount":490,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819932866,"gmtCreate":1630026516855,"gmtModify":1704954773559,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090653556002830","authorIdStr":"4090653556002830"},"themes":[],"title":"","htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/819932866","repostId":"2162847016","repostType":4,"isVote":1,"tweetType":1,"viewCount":3069,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":831225145,"gmtCreate":1629331214787,"gmtModify":1633685679893,"author":{"id":"4090653556002830","authorId":"4090653556002830","name":"YTYTYT","avatar":"https://static.tigerbbs.com/2a00da13f5e65f727a68a289474b0b7b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090653556002830","authorIdStr":"4090653556002830"},"themes":[],"title":"","htmlText":"Oh no","listText":"Oh no","text":"Oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/831225145","repostId":"1173912409","repostType":4,"repost":{"id":"1173912409","kind":"news","pubTimestamp":1629328047,"share":"https://www.laohunote.com/m/news/1173912409?lang=zh_CN&edition=full","pubTime":"2021-08-19 07:07","market":"us","language":"en","title":"Stocks End the Day in an Ugly Way After Fed Minutes Show Taper Talk Is Serious<blockquote>美联储会议纪要显示缩减规模谈判是认真的，股市以丑陋的方式收盘</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1173912409","media":"Barrons","summary":"Stocks sold off Wednesday after the release of the minutes of the Federal Reserve’s July meeting.\nTh","content":"<p>Stocks sold off Wednesday after the release of the minutes of the Federal Reserve’s July meeting.</p><p><blockquote>美联储7月会议纪要公布后，股市周三遭到抛售。</blockquote></p><p> The&nbsp;Dow Jones Industrial Average&nbsp;dropped 383 points, or 1.1%, while the S&amp;P 500&nbsp;fell 1.1%. The Nasdaq Composite&nbsp;declined 0.9%. All three finished near their lows of the day.</p><p><blockquote>道琼斯工业平均指数下跌383点，跌幅1.1%，标普500下跌1.1%。纳斯达克综合指数下跌 0.9%。三者都接近当天的低点。</blockquote></p><p> Fed governors have been dropping hints in recent weeks that the beginning of the end of the central bank’s bond buying was nearing, and the minutes confirmed that&nbsp;taperingis at hand. “Most participants noted that …it could be appropriate to start reducing the pace of asset purchases this year,” the minutes read.</p><p><blockquote>最近几周，美联储理事们一直在暗示央行即将结束债券购买，会议纪要也证实了缩减债券规模即将到来。“会议纪要写道：”大多数与会者指出.今年开始放慢资产购买步伐可能是合适的。</blockquote></p><p> The assessment comes as&nbsp;the economy has recovered quickly, and reflects that the Fed is now focused on when—and how quickly—to remove support from the economy.</p><p><blockquote>该评估是在经济迅速复苏之际做出的，反映出美联储现在正关注何时以及以多快的速度取消对经济的支持。</blockquote></p><p> The selloff was broad. About 83% of S&amp;P 500 stocks fell on the day, according to FactSet. This dynamics often reflects concern about how the market will perform without the Fed there to support it.</p><p><blockquote>抛售范围很广。FactSet 的数据显示，当天约 83% 的标普500股票下跌。这种动态通常反映出人们对如果没有美联储的支持，市场将如何表现的担忧。</blockquote></p><p> Now, it’s just a question of when tapering will begin. It’ “is going to be September or December,” said Dave Wagner, portfolio manager and analyst at Aptus Capital Advisors. “Everyone is focusing on Jackson Hole in my opinion,” he continued, referring to the conclave of central bankers that occurs later this month in Jackson Hole, Wyo.</p><p><blockquote>现在，只是何时开始缩减规模的问题。Aptus Capital Advisors 的投资组合经理兼分析师戴夫-瓦格纳（Dave Wagner）说：“这将是 9 月或 12 月。”“在我看来，每个人都在关注杰克逊霍尔，”他继续说道，指的是本月晚些时候将在怀俄明州杰克逊霍尔举行的央行行长秘密会议。</blockquote></p><p> Strangely, the bond market didn’t react all that much, with the 10-year Treasury yield closing at 1.27%, where it hovered for most of the day. The 2-year yield, which often moves higher when market participants see the Fed hiking short-term interest rates sooner, ended at 0.21%, lower than the 0.22% it hit in the morning.</p><p><blockquote>奇怪的是，债券市场并没有太大反应，10 年期国债收益率收于 1.27%，在当天的大部分时间里都徘徊在这一水平。当市场参与者看到美联储提前加息时，2年期国债收益率通常会走高，收于0.21%，低于上午触及的0.22%。</blockquote></p><p> “I don’t think we’ve learned anything new,” said Tom Graff, head of fixed income at Brown Advisory. Graff added that the consensus for a short-term interest rate hikes in 2022 or 2023 hasn’t changed.</p><p><blockquote>“布朗咨询公司固定收益主管汤姆-格拉夫（Tom Graff）说：”我认为我们没有学到任何新东西。格拉夫补充说，2022 年或 2023 年短期加息的共识没有改变。</blockquote></p><p> A weak market, however, couldn’t keep some stocks down. For some, it was about earnings.Lowe’s&nbsp;(ticker: LOW) stock rose 9.6% after&nbsp;reporting a profit&nbsp;of $4.25 a share, beating estimates of $4.01 a share, on sales of $27.6 billion, above expectations for $26.9 billion.TJX&nbsp;(TJX) stock rose 6% after reporting&nbsp;a profit&nbsp;of 64 cents a share, beating estimates of 59 cents a share, on sales of $12.1 billion, above expectations for $11 billion.</p><p><blockquote>然而，疲软的市场并没有让一些股票下跌。对一些人来说，这与盈利有关。劳氏（股票代码：LOW）公布每股利润 4.25 美元，高于预期的每股 4.01 美元，销售额为 276 亿美元，高于预期的 269 亿美元。TJX (TJX) 公布每股利润 64 美分，高于预期的每股 59 美分，销售额为 121 亿美元，高于预期的 110 亿美元。</blockquote></p><p> Others were buoyed by analyst upgrades, with ViacomCBS (VIAC) stock rose 3.7% after getting upgraded to Overweight from Equal Weight at Wells Fargo, and BlackBerry (BB) stock gained 4.2% after getting upgraded to Hold from Sell at Canaccord Genuity.</p><p><blockquote>其他股票则受到分析师评级上调的提振，维亚康姆哥伦比亚广播公司 (VIAC) 股价在富国银行 (Wells Fargo) 从持有评级上调至跑赢大盘后上涨 3.7%，黑莓 (BB) 股价在 Canaccord Genuity 从卖出评级上调至持有后上涨 4.2%。</blockquote></p><p> Tilray&nbsp;(TLRY) stock rose 1.1% after the company bought senior secured convertible notes in marijuana company&nbsp;MedMen Enterprises.&nbsp;The notes would convert into an equity stake if&nbsp;cannabis is legalized in the U.S.</p><p><blockquote>Tilray（TLRY）股价上涨1.1%，此前该公司购买了大麻公司MedMen Enterprises的高级担保可转换票据。如果大麻在美国合法化，这些票据将转换成股权。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStocks End the Day in an Ugly Way After Fed Minutes Show Taper Talk Is Serious<blockquote>美联储会议纪要显示缩减规模谈判是认真的，股市以丑陋的方式收盘</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-08-19 07:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Stocks sold off Wednesday after the release of the minutes of the Federal Reserve’s July meeting.</p><p><blockquote>美联储7月会议纪要公布后，股市周三遭到抛售。</blockquote></p><p> The&nbsp;Dow Jones Industrial Average&nbsp;dropped 383 points, or 1.1%, while the S&amp;P 500&nbsp;fell 1.1%. The Nasdaq Composite&nbsp;declined 0.9%. All three finished near their lows of the day.</p><p><blockquote>道琼斯工业平均指数下跌383点，跌幅1.1%，标普500下跌1.1%。纳斯达克综合指数下跌 0.9%。三者都接近当天的低点。</blockquote></p><p> Fed governors have been dropping hints in recent weeks that the beginning of the end of the central bank’s bond buying was nearing, and the minutes confirmed that&nbsp;taperingis at hand. “Most participants noted that …it could be appropriate to start reducing the pace of asset purchases this year,” the minutes read.</p><p><blockquote>最近几周，美联储理事们一直在暗示央行即将结束债券购买，会议纪要也证实了缩减债券规模即将到来。“会议纪要写道：”大多数与会者指出.今年开始放慢资产购买步伐可能是合适的。</blockquote></p><p> The assessment comes as&nbsp;the economy has recovered quickly, and reflects that the Fed is now focused on when—and how quickly—to remove support from the economy.</p><p><blockquote>该评估是在经济迅速复苏之际做出的，反映出美联储现在正关注何时以及以多快的速度取消对经济的支持。</blockquote></p><p> The selloff was broad. About 83% of S&amp;P 500 stocks fell on the day, according to FactSet. This dynamics often reflects concern about how the market will perform without the Fed there to support it.</p><p><blockquote>抛售范围很广。FactSet 的数据显示，当天约 83% 的标普500股票下跌。这种动态通常反映出人们对如果没有美联储的支持，市场将如何表现的担忧。</blockquote></p><p> Now, it’s just a question of when tapering will begin. It’ “is going to be September or December,” said Dave Wagner, portfolio manager and analyst at Aptus Capital Advisors. “Everyone is focusing on Jackson Hole in my opinion,” he continued, referring to the conclave of central bankers that occurs later this month in Jackson Hole, Wyo.</p><p><blockquote>现在，只是何时开始缩减规模的问题。Aptus Capital Advisors 的投资组合经理兼分析师戴夫-瓦格纳（Dave Wagner）说：“这将是 9 月或 12 月。”“在我看来，每个人都在关注杰克逊霍尔，”他继续说道，指的是本月晚些时候将在怀俄明州杰克逊霍尔举行的央行行长秘密会议。</blockquote></p><p> Strangely, the bond market didn’t react all that much, with the 10-year Treasury yield closing at 1.27%, where it hovered for most of the day. The 2-year yield, which often moves higher when market participants see the Fed hiking short-term interest rates sooner, ended at 0.21%, lower than the 0.22% it hit in the morning.</p><p><blockquote>奇怪的是，债券市场并没有太大反应，10 年期国债收益率收于 1.27%，在当天的大部分时间里都徘徊在这一水平。当市场参与者看到美联储提前加息时，2年期国债收益率通常会走高，收于0.21%，低于上午触及的0.22%。</blockquote></p><p> “I don’t think we’ve learned anything new,” said Tom Graff, head of fixed income at Brown Advisory. Graff added that the consensus for a short-term interest rate hikes in 2022 or 2023 hasn’t changed.</p><p><blockquote>“布朗咨询公司固定收益主管汤姆-格拉夫（Tom Graff）说：”我认为我们没有学到任何新东西。格拉夫补充说，2022 年或 2023 年短期加息的共识没有改变。</blockquote></p><p> A weak market, however, couldn’t keep some stocks down. For some, it was about earnings.Lowe’s&nbsp;(ticker: LOW) stock rose 9.6% after&nbsp;reporting a profit&nbsp;of $4.25 a share, beating estimates of $4.01 a share, on sales of $27.6 billion, above expectations for $26.9 billion.TJX&nbsp;(TJX) stock rose 6% after reporting&nbsp;a profit&nbsp;of 64 cents a share, beating estimates of 59 cents a share, on sales of $12.1 billion, above expectations for $11 billion.</p><p><blockquote>然而，疲软的市场并没有让一些股票下跌。对一些人来说，这与盈利有关。劳氏（股票代码：LOW）公布每股利润 4.25 美元，高于预期的每股 4.01 美元，销售额为 276 亿美元，高于预期的 269 亿美元。TJX (TJX) 公布每股利润 64 美分，高于预期的每股 59 美分，销售额为 121 亿美元，高于预期的 110 亿美元。</blockquote></p><p> Others were buoyed by analyst upgrades, with ViacomCBS (VIAC) stock rose 3.7% after getting upgraded to Overweight from Equal Weight at Wells Fargo, and BlackBerry (BB) stock gained 4.2% after getting upgraded to Hold from Sell at Canaccord Genuity.</p><p><blockquote>其他股票则受到分析师评级上调的提振，维亚康姆哥伦比亚广播公司 (VIAC) 股价在富国银行 (Wells Fargo) 从持有评级上调至跑赢大盘后上涨 3.7%，黑莓 (BB) 股价在 Canaccord Genuity 从卖出评级上调至持有后上涨 4.2%。</blockquote></p><p> Tilray&nbsp;(TLRY) stock rose 1.1% after the company bought senior secured convertible notes in marijuana company&nbsp;MedMen Enterprises.&nbsp;The notes would convert into an equity stake if&nbsp;cannabis is legalized in the U.S.</p><p><blockquote>Tilray（TLRY）股价上涨1.1%，此前该公司购买了大麻公司MedMen Enterprises的高级担保可转换票据。如果大麻在美国合法化，这些票据将转换成股权。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/stock-market-today-51629283162?mod=hp_LEAD_1\">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":{"TLRY":"Tilray Inc.","LOW":"劳氏",".IXIC":"NASDAQ Composite","BB":"黑莓",".SPX":"S&P 500 Index","TJX":"The TJX Companies Inc.",".DJI":"道琼斯"},"source_url":"https://www.barrons.com/articles/stock-market-today-51629283162?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173912409","content_text":"Stocks sold off Wednesday after the release of the minutes of the Federal Reserve’s July meeting.\nThe Dow Jones Industrial Average dropped 383 points, or 1.1%, while the S&P 500 fell 1.1%. The Nasdaq Composite declined 0.9%. All three finished near their lows of the day.\nFed governors have been dropping hints in recent weeks that the beginning of the end of the central bank’s bond buying was nearing, and the minutes confirmed that taperingis at hand. “Most participants noted that …it could be appropriate to start reducing the pace of asset purchases this year,” the minutes read.\nThe assessment comes as the economy has recovered quickly, and reflects that the Fed is now focused on when—and how quickly—to remove support from the economy.\nThe selloff was broad. About 83% of S&P 500 stocks fell on the day, according to FactSet. This dynamics often reflects concern about how the market will perform without the Fed there to support it.\nNow, it’s just a question of when tapering will begin. It’ “is going to be September or December,” said Dave Wagner, portfolio manager and analyst at Aptus Capital Advisors. “Everyone is focusing on Jackson Hole in my opinion,” he continued, referring to the conclave of central bankers that occurs later this month in Jackson Hole, Wyo.\nStrangely, the bond market didn’t react all that much, with the 10-year Treasury yield closing at 1.27%, where it hovered for most of the day. The 2-year yield, which often moves higher when market participants see the Fed hiking short-term interest rates sooner, ended at 0.21%, lower than the 0.22% it hit in the morning.\n“I don’t think we’ve learned anything new,” said Tom Graff, head of fixed income at Brown Advisory. Graff added that the consensus for a short-term interest rate hikes in 2022 or 2023 hasn’t changed.\nA weak market, however, couldn’t keep some stocks down. For some, it was about earnings.Lowe’s (ticker: LOW) stock rose 9.6% after reporting a profit of $4.25 a share, beating estimates of $4.01 a share, on sales of $27.6 billion, above expectations for $26.9 billion.TJX (TJX) stock rose 6% after reporting a profit of 64 cents a share, beating estimates of 59 cents a share, on sales of $12.1 billion, above expectations for $11 billion.\nOthers were buoyed by analyst upgrades, with ViacomCBS (VIAC) stock rose 3.7% after getting upgraded to Overweight from Equal Weight at Wells Fargo, and BlackBerry (BB) stock gained 4.2% after getting upgraded to Hold from Sell at Canaccord Genuity.\nTilray (TLRY) stock rose 1.1% after the company bought senior secured convertible notes in marijuana company MedMen Enterprises. The notes would convert into an equity stake if cannabis is legalized in the U.S.","news_type":1,"symbols_score_info":{"VIAC":0.9,".DJI":0.9,"LOW":0.9,"TLRY":0.9,"TJX":0.9,"BB":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":749,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}