Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?_老虎社区_美港股上老虎

Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?

Motley Fool2021-09-28

None of it has anything to do with business fundamentals. Key Points The Nasdaq underperformed other stock market indexes. Many are pointing to Federal Reserve monetary policy trends. In the long ...

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7bd61add
·2021-09-28
Fool hardly write such articles
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FollWin
·2021-09-28
Good article.
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1
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Boink
·2021-09-28
Cos got yield
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Le66ad
·2021-09-28
😪
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4
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Cumcumber
·2021-09-28
Zzzz
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1
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孙悟空大闹天宫2
·2021-09-28
What goes up will come down. Law of nature. Trade with caution ⚠️
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8
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- Cumcumber:
  True
  2021-09-28
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cactuspot
·2021-09-28
One like.
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- Sayaka:
  ok
  2021-09-28
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DragonKC
·2021-09-28
Actually nobody can predict which direction stock markets heading.
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Bw
·2021-09-28
Please like and comment thanks!
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- cactuspot:
  ✅
  2021-09-28
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haoren
·2021-09-28
Nice
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7
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- SimonE:
  like
  2021-09-28
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咩咩虎
·2021-09-28
Ok
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6
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- 咩咩虎:
  Ok
  2021-09-28
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fatfrog
·2021-09-28
Oh
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tadirazo
·2021-09-28
Like
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5
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- haoren:
  ok
  2021-09-28
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Tiongwee
·2021-09-28
Go
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shoude
·2021-09-28
Like and comment
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9
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- IvanAung:
  Ok.. done
  2021-09-28
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- Nio_Ehang_88:
  Done
  2021-09-28
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- tadirazo:
  Done too
  2021-09-28
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BIGpotato
·2021-09-28
Let’s go
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- YPT:
  Go go go
  2021-09-28
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Vivavia
·2021-09-28
Ohh
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- BIGpotato:
  Lets go
  2021-09-28
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Ruixiang
·2021-09-28
O
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- Ruixiang:
  O
  2021-09-28
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RainbowMouse
·2021-09-28
Hi
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- Vivavia:
  Hi
  2021-09-28
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FIRE Trader
·2021-09-28
Comment n like pls
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- RainbowMouse:
  okay sure
  2021-09-28
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- shoude:
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  2021-09-28
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In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.\nOverarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.\nInterest rates on the rise\nWhat appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.\nSpecifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.\nDriving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.\nWhat does this have to do with high-growth stocks?\nWhat's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.\nThat's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).\nSome decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.\nDon't panic\nIt's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.\nIf you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[{"id":862393047,"gmtCreate":1632836302857,"gmtModify":1632837646842,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"7bd61add","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"wearingBadges":[],"idStr":"3579088083036701","authorIdStr":"3579088083036701"},"htmlText":"Fool hardly write such articles&nbsp;","listText":"Fool hardly write such articles&nbsp;","text":"Fool hardly write such articles","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/862393047","repostId":1114358506,"repostType":2,"repost":{"id":"1114358506","kind":"news","pubTimestamp":1632795823,"share":"https://www.laohunote.com/m/news/1114358506?lang=zh_CN&edition=full","pubTime":"2021-09-28 10:23","market":"us","language":"en","title":"Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114358506","media":"Motley Fool","summary":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed oth","content":" None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-09-28 10:23\n\n</h4>\n</header>\n<article>\n None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114358506","content_text":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed other stock market indexes.\nMany are pointing to Federal Reserve monetary policy trends.\nIn the long run, what matters are a stock's fundamentals.\n\nThe stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.\nOverarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.\nInterest rates on the rise\nWhat appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.\nSpecifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.\nDriving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.\nWhat does this have to do with high-growth stocks?\nWhat's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.\nThat's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).\nSome decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.\nDon't panic\nIt's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.\nIf you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.","news_type":1,"symbols_score_info":{".IXIC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":866712223,"gmtCreate":1632805956462,"gmtModify":1632805956462,"author":{"id":"3586145401912378","authorId":"3586145401912378","name":"FollWin","avatar":"https://static.tigerbbs.com/8519c8db9252abe3b637d4d01b75e54c","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"idStr":"3586145401912378","authorIdStr":"3586145401912378"},"htmlText":"Good article.","listText":"Good article.","text":"Good article.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/866712223","repostId":1114358506,"repostType":4,"repost":{"id":"1114358506","kind":"news","pubTimestamp":1632795823,"share":"https://www.laohunote.com/m/news/1114358506?lang=zh_CN&edition=full","pubTime":"2021-09-28 10:23","market":"us","language":"en","title":"Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114358506","media":"Motley Fool","summary":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed oth","content":" None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-09-28 10:23\n\n</h4>\n</header>\n<article>\n None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114358506","content_text":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed other stock market indexes.\nMany are pointing to Federal Reserve monetary policy trends.\nIn the long run, what matters are a stock's fundamentals.\n\nThe stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.\nOverarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.\nInterest rates on the rise\nWhat appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.\nSpecifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.\nDriving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.\nWhat does this have to do with high-growth stocks?\nWhat's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.\nThat's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).\nSome decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.\nDon't panic\nIt's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.\nIf you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.","news_type":1,"symbols_score_info":{".IXIC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":866719349,"gmtCreate":1632805273281,"gmtModify":1632805273281,"author":{"id":"3584620238111631","authorId":"3584620238111631","name":"Boink","avatar":"https://static.tigerbbs.com/c209643e8a7d239ba24db30470811841","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"idStr":"3584620238111631","authorIdStr":"3584620238111631"},"htmlText":"Cos got yield&nbsp;","listText":"Cos got yield&nbsp;","text":"Cos got yield","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/866719349","repostId":1114358506,"repostType":4,"repost":{"id":"1114358506","kind":"news","pubTimestamp":1632795823,"share":"https://www.laohunote.com/m/news/1114358506?lang=zh_CN&edition=full","pubTime":"2021-09-28 10:23","market":"us","language":"en","title":"Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114358506","media":"Motley Fool","summary":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed oth","content":" None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-09-28 10:23\n\n</h4>\n</header>\n<article>\n None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114358506","content_text":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed other stock market indexes.\nMany are pointing to Federal Reserve monetary policy trends.\nIn the long run, what matters are a stock's fundamentals.\n\nThe stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.\nOverarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.\nInterest rates on the rise\nWhat appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.\nSpecifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.\nDriving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.\nWhat does this have to do with high-growth stocks?\nWhat's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.\nThat's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).\nSome decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.\nDon't panic\nIt's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.\nIf you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.","news_type":1,"symbols_score_info":{".IXIC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":866796950,"gmtCreate":1632803035870,"gmtModify":1632803035967,"author":{"id":"3569206984348246","authorId":"3569206984348246","name":"Le66ad","avatar":"https://static.tigerbbs.com/6c476ea553750ec9e5c4f1d349e84eb2","vip":1,"crmLevel":12,"crmLevelSwitch":0,"wearingBadges":[],"idStr":"3569206984348246","authorIdStr":"3569206984348246"},"htmlText":"😪","listText":"😪","text":"😪","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/866796950","repostId":1114358506,"repostType":4,"repost":{"id":"1114358506","kind":"news","pubTimestamp":1632795823,"share":"https://www.laohunote.com/m/news/1114358506?lang=zh_CN&edition=full","pubTime":"2021-09-28 10:23","market":"us","language":"en","title":"Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114358506","media":"Motley Fool","summary":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed oth","content":" None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-09-28 10:23\n\n</h4>\n</header>\n<article>\n None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114358506","content_text":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed other stock market indexes.\nMany are pointing to Federal Reserve monetary policy trends.\nIn the long run, what matters are a stock's fundamentals.\n\nThe stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.\nOverarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.\nInterest rates on the rise\nWhat appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.\nSpecifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.\nDriving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.\nWhat does this have to do with high-growth stocks?\nWhat's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.\nThat's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).\nSome decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.\nDon't panic\nIt's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.\nIf you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.","news_type":1,"symbols_score_info":{".IXIC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":866790868,"gmtCreate":1632802491754,"gmtModify":1632804890893,"author":{"id":"3575627435539854","authorId":"3575627435539854","name":"Cumcumber","avatar":"https://static.tigerbbs.com/1e62601ef19050a454d9e0097dbba348","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"idStr":"3575627435539854","authorIdStr":"3575627435539854"},"htmlText":"Zzzz","listText":"Zzzz","text":"Zzzz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/866790868","repostId":1114358506,"repostType":4,"repost":{"id":"1114358506","kind":"news","pubTimestamp":1632795823,"share":"https://www.laohunote.com/m/news/1114358506?lang=zh_CN&edition=full","pubTime":"2021-09-28 10:23","market":"us","language":"en","title":"Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114358506","media":"Motley Fool","summary":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed oth","content":" None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-09-28 10:23\n\n</h4>\n</header>\n<article>\n None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114358506","content_text":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed other stock market indexes.\nMany are pointing to Federal Reserve monetary policy trends.\nIn the long run, what matters are a stock's fundamentals.\n\nThe stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.\nOverarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.\nInterest rates on the rise\nWhat appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.\nSpecifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.\nDriving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.\nWhat does this have to do with high-growth stocks?\nWhat's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.\nThat's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).\nSome decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.\nDon't panic\nIt's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.\nIf you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.","news_type":1,"symbols_score_info":{".IXIC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":866451000,"gmtCreate":1632799118800,"gmtModify":1632799118800,"author":{"id":"4092785063661410","authorId":"4092785063661410","name":"孙悟空大闹天宫2","avatar":"https://static.tigerbbs.com/dee1c9fae0d12aaeaae58a13d73d3b08","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"idStr":"4092785063661410","authorIdStr":"4092785063661410"},"htmlText":"What goes up will come down. Law of nature. Trade with caution ⚠️&nbsp;","listText":"What goes up will come down. Law of nature. Trade with caution ⚠️&nbsp;","text":"What goes up will come down. Law of nature. Trade with caution ⚠️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/866451000","repostId":1114358506,"repostType":4,"repost":{"id":"1114358506","kind":"news","pubTimestamp":1632795823,"share":"https://www.laohunote.com/m/news/1114358506?lang=zh_CN&edition=full","pubTime":"2021-09-28 10:23","market":"us","language":"en","title":"Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114358506","media":"Motley Fool","summary":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed oth","content":" None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-09-28 10:23\n\n</h4>\n</header>\n<article>\n None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114358506","content_text":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed other stock market indexes.\nMany are pointing to Federal Reserve monetary policy trends.\nIn the long run, what matters are a stock's fundamentals.\n\nThe stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.\nOverarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.\nInterest rates on the rise\nWhat appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.\nSpecifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.\nDriving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.\nWhat does this have to do with high-growth stocks?\nWhat's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.\nThat's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).\nSome decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.\nDon't panic\nIt's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.\nIf you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.","news_type":1,"symbols_score_info":{".IXIC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6022607,"gmtCreate":1632802485738,"gmtModify":1634783682829,"authorId":3575627435539854,"author":{"id":3575627435539854,"idStr":"3575627435539854","authorId":3575627435539854,"name":"Cumcumber","avatar":"https://static.tigerbbs.com/1e62601ef19050a454d9e0097dbba348","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":866451000,"type":1,"supId":0,"prevId":0,"content":"True","text":"True","html":"True"}],"langContent":"CN"},{"id":866427597,"gmtCreate":1632798734219,"gmtModify":1632798734442,"author":{"id":"3581837078692589","authorId":"3581837078692589","name":"cactuspot","avatar":"https://static.tigerbbs.com/94c3a8704d6c2ece9fce2b814d8c533a","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"idStr":"3581837078692589","authorIdStr":"3581837078692589"},"htmlText":"One like.","listText":"One like.","text":"One like.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/866427597","repostId":1114358506,"repostType":4,"repost":{"id":"1114358506","kind":"news","pubTimestamp":1632795823,"share":"https://www.laohunote.com/m/news/1114358506?lang=zh_CN&edition=full","pubTime":"2021-09-28 10:23","market":"us","language":"en","title":"Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114358506","media":"Motley Fool","summary":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed oth","content":" None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-09-28 10:23\n\n</h4>\n</header>\n<article>\n None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114358506","content_text":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed other stock market indexes.\nMany are pointing to Federal Reserve monetary policy trends.\nIn the long run, what matters are a stock's fundamentals.\n\nThe stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.\nOverarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.\nInterest rates on the rise\nWhat appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.\nSpecifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.\nDriving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.\nWhat does this have to do with high-growth stocks?\nWhat's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.\nThat's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).\nSome decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.\nDon't panic\nIt's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.\nIf you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.","news_type":1,"symbols_score_info":{".IXIC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6022013,"gmtCreate":1632798906938,"gmtModify":1634783737395,"authorId":3575357760164357,"author":{"id":3575357760164357,"idStr":"3575357760164357","authorId":3575357760164357,"name":"Sayaka","avatar":"https://static.tigerbbs.com/b9ba234a6653e4f0c99910e770326f38","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":866427597,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"CN"},{"id":866422823,"gmtCreate":1632798479762,"gmtModify":1632798480192,"author":{"id":"3577178099298017","authorId":"3577178099298017","name":"DragonKC","avatar":"https://static.tigerbbs.com/f90c63c67a4e5f91e9dc0159f5b853ab","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"idStr":"3577178099298017","authorIdStr":"3577178099298017"},"htmlText":"Actually nobody can predict which direction stock markets heading.&nbsp;","listText":"Actually nobody can predict which direction stock markets heading.&nbsp;","text":"Actually nobody can predict which direction stock markets heading.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/866422823","repostId":1114358506,"repostType":4,"repost":{"id":"1114358506","kind":"news","pubTimestamp":1632795823,"share":"https://www.laohunote.com/m/news/1114358506?lang=zh_CN&edition=full","pubTime":"2021-09-28 10:23","market":"us","language":"en","title":"Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114358506","media":"Motley Fool","summary":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed oth","content":" None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-09-28 10:23\n\n</h4>\n</header>\n<article>\n None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114358506","content_text":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed other stock market indexes.\nMany are pointing to Federal Reserve monetary policy trends.\nIn the long run, what matters are a stock's fundamentals.\n\nThe stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.\nOverarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.\nInterest rates on the rise\nWhat appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.\nSpecifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.\nDriving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.\nWhat does this have to do with high-growth stocks?\nWhat's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.\nThat's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).\nSome decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.\nDon't panic\nIt's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.\nIf you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.","news_type":1,"symbols_score_info":{".IXIC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":866428324,"gmtCreate":1632798325168,"gmtModify":1632798325346,"author":{"id":"3571625443074591","authorId":"3571625443074591","name":"Bw","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"idStr":"3571625443074591","authorIdStr":"3571625443074591"},"htmlText":"Please like and comment thanks!","listText":"Please like and comment thanks!","text":"Please like and comment thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/866428324","repostId":1114358506,"repostType":4,"repost":{"id":"1114358506","kind":"news","pubTimestamp":1632795823,"share":"https://www.laohunote.com/m/news/1114358506?lang=zh_CN&edition=full","pubTime":"2021-09-28 10:23","market":"us","language":"en","title":"Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114358506","media":"Motley Fool","summary":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed oth","content":" None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-09-28 10:23\n\n</h4>\n</header>\n<article>\n None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114358506","content_text":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed other stock market indexes.\nMany are pointing to Federal Reserve monetary policy trends.\nIn the long run, what matters are a stock's fundamentals.\n\nThe stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.\nOverarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.\nInterest rates on the rise\nWhat appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.\nSpecifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.\nDriving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.\nWhat does this have to do with high-growth stocks?\nWhat's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.\nThat's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).\nSome decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.\nDon't panic\nIt's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.\nIf you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.","news_type":1,"symbols_score_info":{".IXIC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6021991,"gmtCreate":1632798727214,"gmtModify":1634783739474,"authorId":3581837078692589,"author":{"id":3581837078692589,"idStr":"3581837078692589","authorId":3581837078692589,"name":"cactuspot","avatar":"https://static.tigerbbs.com/94c3a8704d6c2ece9fce2b814d8c533a","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":866428324,"type":1,"supId":0,"prevId":0,"content":"✅","text":"✅","html":"✅"}],"langContent":"CN"},{"id":866429004,"gmtCreate":1632798065608,"gmtModify":1632798065716,"author":{"id":"3581803494981906","authorId":"3581803494981906","name":"haoren","avatar":"https://static.tigerbbs.com/959cadb42575ede705b330aa58d68a63","vip":1,"crmLevel":12,"crmLevelSwitch":0,"wearingBadges":[{"categoryType":1104,"badgeId":"99a38ff64bfd44f891fd016771fc8f64-1","name":"超级披露者","description":"在交易分享中开启超级披露","smallImgUrl":"https://static.tigerbbs.com/70e97d213ed3e4f4820224f1366d402f","bigImgUrl":"https://static.tigerbbs.com/802f4014829adb4e63332fc230b97e42","isScarce":1,"plateColors":{"bgColor":{"dark":"#2f2a1f","tint":"#fcf6e5"},"fontColor":{"dark":"#dea95e","tint":"#885600"}},"effectEnabled":0,"redirectLinkEnabled":1,"redirectLinkType":1,"redirectLink":"https://www.itigerup.com/activity/forapp/star-investor","redirectLinkValidityFrom":1776816000000,"redirectLinkValidityTo":2156198400000,"sortingWeight":0,"wearable":1}],"idStr":"3581803494981906","authorIdStr":"3581803494981906"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/866429004","repostId":1114358506,"repostType":4,"repost":{"id":"1114358506","kind":"news","pubTimestamp":1632795823,"share":"https://www.laohunote.com/m/news/1114358506?lang=zh_CN&edition=full","pubTime":"2021-09-28 10:23","market":"us","language":"en","title":"Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114358506","media":"Motley Fool","summary":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed oth","content":" None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-09-28 10:23\n\n</h4>\n</header>\n<article>\n None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114358506","content_text":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed other stock market indexes.\nMany are pointing to Federal Reserve monetary policy trends.\nIn the long run, what matters are a stock's fundamentals.\n\nThe stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.\nOverarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.\nInterest rates on the rise\nWhat appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.\nSpecifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.\nDriving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.\nWhat does this have to do with high-growth stocks?\nWhat's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.\nThat's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).\nSome decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.\nDon't panic\nIt's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.\nIf you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.","news_type":1,"symbols_score_info":{".IXIC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6021887,"gmtCreate":1632798097814,"gmtModify":1634783748594,"authorId":3582783516646964,"author":{"id":3582783516646964,"idStr":"3582783516646964","authorId":3582783516646964,"name":"SimonE","avatar":"https://static.tigerbbs.com/b99cfe4b0a492018c40761a39a193aa8","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":866429004,"type":1,"supId":0,"prevId":0,"content":"like","text":"like","html":"like"}],"langContent":"CN"},{"id":866420701,"gmtCreate":1632798060703,"gmtModify":1632798060792,"author":{"id":"3568542354994015","authorId":"3568542354994015","name":"咩咩虎","avatar":"https://static.tigerbbs.com/a6663bef57eca539a2c52ea184964654","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"idStr":"3568542354994015","authorIdStr":"3568542354994015"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/866420701","repostId":1114358506,"repostType":4,"repost":{"id":"1114358506","kind":"news","pubTimestamp":1632795823,"share":"https://www.laohunote.com/m/news/1114358506?lang=zh_CN&edition=full","pubTime":"2021-09-28 10:23","market":"us","language":"en","title":"Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114358506","media":"Motley Fool","summary":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed oth","content":" None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-09-28 10:23\n\n</h4>\n</header>\n<article>\n None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114358506","content_text":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed other stock market indexes.\nMany are pointing to Federal Reserve monetary policy trends.\nIn the long run, what matters are a stock's fundamentals.\n\nThe stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.\nOverarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.\nInterest rates on the rise\nWhat appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.\nSpecifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.\nDriving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.\nWhat does this have to do with high-growth stocks?\nWhat's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.\nThat's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).\nSome decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.\nDon't panic\nIt's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.\nIf you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.","news_type":1,"symbols_score_info":{".IXIC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6021878,"gmtCreate":1632798066959,"gmtModify":1634783749367,"authorId":3568542354994015,"author":{"id":3568542354994015,"idStr":"3568542354994015","authorId":3568542354994015,"name":"咩咩虎","avatar":"https://static.tigerbbs.com/a6663bef57eca539a2c52ea184964654","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":866420701,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"CN"},{"id":866420812,"gmtCreate":1632797996136,"gmtModify":1632797996249,"author":{"id":"3576002212190826","authorId":"3576002212190826","name":"fatfrog","avatar":"https://static.tigerbbs.com/a0e01d644d81db4190669298caebac0a","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"idStr":"3576002212190826","authorIdStr":"3576002212190826"},"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/866420812","repostId":1114358506,"repostType":4,"repost":{"id":"1114358506","kind":"news","pubTimestamp":1632795823,"share":"https://www.laohunote.com/m/news/1114358506?lang=zh_CN&edition=full","pubTime":"2021-09-28 10:23","market":"us","language":"en","title":"Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114358506","media":"Motley Fool","summary":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed oth","content":" None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-09-28 10:23\n\n</h4>\n</header>\n<article>\n None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114358506","content_text":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed other stock market indexes.\nMany are pointing to Federal Reserve monetary policy trends.\nIn the long run, what matters are a stock's fundamentals.\n\nThe stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.\nOverarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.\nInterest rates on the rise\nWhat appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.\nSpecifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.\nDriving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.\nWhat does this have to do with high-growth stocks?\nWhat's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.\nThat's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).\nSome decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.\nDon't panic\nIt's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.\nIf you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.","news_type":1,"symbols_score_info":{".IXIC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":866420344,"gmtCreate":1632797983088,"gmtModify":1632797983088,"author":{"id":"3575017424410096","authorId":"3575017424410096","name":"tadirazo","avatar":"https://static.tigerbbs.com/16cf6f3eb7185e1e1b2e3e0ce83c9755","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"idStr":"3575017424410096","authorIdStr":"3575017424410096"},"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/866420344","repostId":1114358506,"repostType":4,"repost":{"id":"1114358506","kind":"news","pubTimestamp":1632795823,"share":"https://www.laohunote.com/m/news/1114358506?lang=zh_CN&edition=full","pubTime":"2021-09-28 10:23","market":"us","language":"en","title":"Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114358506","media":"Motley Fool","summary":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed oth","content":" None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-09-28 10:23\n\n</h4>\n</header>\n<article>\n None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114358506","content_text":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed other stock market indexes.\nMany are pointing to Federal Reserve monetary policy trends.\nIn the long run, what matters are a stock's fundamentals.\n\nThe stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.\nOverarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.\nInterest rates on the rise\nWhat appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.\nSpecifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.\nDriving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.\nWhat does this have to do with high-growth stocks?\nWhat's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.\nThat's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).\nSome decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.\nDon't panic\nIt's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.\nIf you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.","news_type":1,"symbols_score_info":{".IXIC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6021880,"gmtCreate":1632798071986,"gmtModify":1634783749145,"authorId":3581803494981906,"author":{"id":3581803494981906,"idStr":"3581803494981906","authorId":3581803494981906,"name":"haoren","avatar":"https://static.tigerbbs.com/959cadb42575ede705b330aa58d68a63","vip":1,"currentWearingBadge":{"badgeId":"99a38ff64bfd44f891fd016771fc8f64-1","templateUuid":"99a38ff64bfd44f891fd016771fc8f64","name":"超级披露者","description":"在交易分享中开启超级披露","bigImgUrl":"https://static.tigerbbs.com/802f4014829adb4e63332fc230b97e42","smallImgUrl":"https://static.tigerbbs.com/70e97d213ed3e4f4820224f1366d402f","redirectLinkEnabled":1,"redirectLinkType":1,"redirectLink":"https://www.itigerup.com/activity/forapp/star-investor","redirectLinkValidityFrom":1776816000000,"redirectLinkValidityTo":2156198400000,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.04.23","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1104,"isScarce":1,"effectEnabled":0,"wearingSort":1},"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[{"categoryType":1104,"badgeId":"99a38ff64bfd44f891fd016771fc8f64-1","name":"超级披露者","description":"在交易分享中开启超级披露","smallImgUrl":"https://static.tigerbbs.com/70e97d213ed3e4f4820224f1366d402f","bigImgUrl":"https://static.tigerbbs.com/802f4014829adb4e63332fc230b97e42","isScarce":1,"plateColors":{"bgColor":{"dark":"#2f2a1f","tint":"#fcf6e5"},"fontColor":{"dark":"#dea95e","tint":"#885600"}},"effectEnabled":0,"redirectLinkEnabled":1,"redirectLinkType":1,"redirectLink":"https://www.itigerup.com/activity/forapp/star-investor","redirectLinkValidityFrom":1776816000000,"redirectLinkValidityTo":2156198400000,"sortingWeight":0,"wearable":1}]},"repliedAuthorId":0,"objectId":866420344,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"CN"},{"id":866467771,"gmtCreate":1632797935693,"gmtModify":1632797935797,"author":{"id":"3573775111920367","authorId":"3573775111920367","name":"Tiongwee","avatar":"https://static.tigerbbs.com/e90910e406e67c77f42e225b16b69020","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"idStr":"3573775111920367","authorIdStr":"3573775111920367"},"htmlText":"Go","listText":"Go","text":"Go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/866467771","repostId":1114358506,"repostType":4,"repost":{"id":"1114358506","kind":"news","pubTimestamp":1632795823,"share":"https://www.laohunote.com/m/news/1114358506?lang=zh_CN&edition=full","pubTime":"2021-09-28 10:23","market":"us","language":"en","title":"Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114358506","media":"Motley Fool","summary":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed oth","content":" None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-09-28 10:23\n\n</h4>\n</header>\n<article>\n None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114358506","content_text":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed other stock market indexes.\nMany are pointing to Federal Reserve monetary policy trends.\nIn the long run, what matters are a stock's fundamentals.\n\nThe stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.\nOverarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.\nInterest rates on the rise\nWhat appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.\nSpecifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.\nDriving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.\nWhat does this have to do with high-growth stocks?\nWhat's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.\nThat's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).\nSome decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.\nDon't panic\nIt's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.\nIf you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.","news_type":1,"symbols_score_info":{".IXIC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":866467331,"gmtCreate":1632797839823,"gmtModify":1632797870383,"author":{"id":"3587029173183468","authorId":"3587029173183468","name":"shoude","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"idStr":"3587029173183468","authorIdStr":"3587029173183468"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/866467331","repostId":1114358506,"repostType":4,"repost":{"id":"1114358506","kind":"news","pubTimestamp":1632795823,"share":"https://www.laohunote.com/m/news/1114358506?lang=zh_CN&edition=full","pubTime":"2021-09-28 10:23","market":"us","language":"en","title":"Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114358506","media":"Motley Fool","summary":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed oth","content":" None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-09-28 10:23\n\n</h4>\n</header>\n<article>\n None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114358506","content_text":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed other stock market indexes.\nMany are pointing to Federal Reserve monetary policy trends.\nIn the long run, what matters are a stock's fundamentals.\n\nThe stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.\nOverarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.\nInterest rates on the rise\nWhat appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.\nSpecifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.\nDriving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.\nWhat does this have to do with high-growth stocks?\nWhat's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.\nThat's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).\nSome decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.\nDon't panic\nIt's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.\nIf you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.","news_type":1,"symbols_score_info":{".IXIC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6021846,"gmtCreate":1632797891945,"gmtModify":1634783752444,"authorId":3579300278905475,"author":{"id":3579300278905475,"idStr":"3579300278905475","authorId":3579300278905475,"name":"IvanAung","avatar":"https://static.tigerbbs.com/1a24371779f14f0f964eb414b9cf1812","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":866467331,"type":1,"supId":0,"prevId":0,"content":"Ok.. done","text":"Ok.. done","html":"Ok.. done"},{"id":6021848,"gmtCreate":1632797894478,"gmtModify":1634783752224,"authorId":3576458270994499,"author":{"id":3576458270994499,"idStr":"3576458270994499","authorId":3576458270994499,"name":"Nio_Ehang_88","avatar":"https://static.tigerbbs.com/6b21ac72c122c38088e4910c84af9eea","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":866467331,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"},{"id":6021853,"gmtCreate":1632797919991,"gmtModify":1634783751674,"authorId":3575017424410096,"author":{"id":3575017424410096,"idStr":"3575017424410096","authorId":3575017424410096,"name":"tadirazo","avatar":"https://static.tigerbbs.com/16cf6f3eb7185e1e1b2e3e0ce83c9755","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":866467331,"type":1,"supId":0,"prevId":0,"content":"Done too","text":"Done too","html":"Done too"}],"langContent":"CN"},{"id":866465742,"gmtCreate":1632797727486,"gmtModify":1632797727595,"author":{"id":"3577909078114839","authorId":"3577909078114839","name":"BIGpotato","avatar":"https://static.tigerbbs.com/f332f7e2e29356c4e04cb3e3a9eace8a","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"idStr":"3577909078114839","authorIdStr":"3577909078114839"},"htmlText":"Let’s go","listText":"Let’s go","text":"Let’s go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/866465742","repostId":1114358506,"repostType":4,"repost":{"id":"1114358506","kind":"news","pubTimestamp":1632795823,"share":"https://www.laohunote.com/m/news/1114358506?lang=zh_CN&edition=full","pubTime":"2021-09-28 10:23","market":"us","language":"en","title":"Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114358506","media":"Motley Fool","summary":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed oth","content":" None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-09-28 10:23\n\n</h4>\n</header>\n<article>\n None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114358506","content_text":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed other stock market indexes.\nMany are pointing to Federal Reserve monetary policy trends.\nIn the long run, what matters are a stock's fundamentals.\n\nThe stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.\nOverarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.\nInterest rates on the rise\nWhat appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.\nSpecifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.\nDriving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.\nWhat does this have to do with high-growth stocks?\nWhat's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.\nThat's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).\nSome decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.\nDon't panic\nIt's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.\nIf you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.","news_type":1,"symbols_score_info":{".IXIC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6021834,"gmtCreate":1632797814020,"gmtModify":1634783753648,"authorId":3579838075158745,"author":{"id":3579838075158745,"idStr":"3579838075158745","authorId":3579838075158745,"name":"YPT","avatar":"https://static.tigerbbs.com/10baea998b9915ab14ba326ad1c4a2a6","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":866465742,"type":1,"supId":0,"prevId":0,"content":"Go go go","text":"Go go go","html":"Go go go"}],"langContent":"CN"},{"id":866465215,"gmtCreate":1632797694237,"gmtModify":1632797694417,"author":{"id":"3574561075073580","authorId":"3574561075073580","name":"Vivavia","avatar":"https://static.tigerbbs.com/8d3f4a758009aa5ba42ecb7c1715cebf","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"idStr":"3574561075073580","authorIdStr":"3574561075073580"},"htmlText":"Ohh","listText":"Ohh","text":"Ohh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/866465215","repostId":1114358506,"repostType":4,"repost":{"id":"1114358506","kind":"news","pubTimestamp":1632795823,"share":"https://www.laohunote.com/m/news/1114358506?lang=zh_CN&edition=full","pubTime":"2021-09-28 10:23","market":"us","language":"en","title":"Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114358506","media":"Motley Fool","summary":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed oth","content":" None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-09-28 10:23\n\n</h4>\n</header>\n<article>\n None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114358506","content_text":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed other stock market indexes.\nMany are pointing to Federal Reserve monetary policy trends.\nIn the long run, what matters are a stock's fundamentals.\n\nThe stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.\nOverarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.\nInterest rates on the rise\nWhat appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.\nSpecifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.\nDriving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.\nWhat does this have to do with high-growth stocks?\nWhat's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.\nThat's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).\nSome decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.\nDon't panic\nIt's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.\nIf you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.","news_type":1,"symbols_score_info":{".IXIC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6021824,"gmtCreate":1632797734756,"gmtModify":1634783754523,"authorId":3577909078114839,"author":{"id":3577909078114839,"idStr":"3577909078114839","authorId":3577909078114839,"name":"BIGpotato","avatar":"https://static.tigerbbs.com/f332f7e2e29356c4e04cb3e3a9eace8a","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":866465215,"type":1,"supId":0,"prevId":0,"content":"Lets go","text":"Lets go","html":"Lets go"}],"langContent":"CN"},{"id":866465847,"gmtCreate":1632797679589,"gmtModify":1632797679702,"author":{"id":"3573100524668837","authorId":"3573100524668837","name":"Ruixiang","avatar":"https://static.tigerbbs.com/7f71da180ee0c8214a37155cd6d7f87c","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"idStr":"3573100524668837","authorIdStr":"3573100524668837"},"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/866465847","repostId":1114358506,"repostType":4,"repost":{"id":"1114358506","kind":"news","pubTimestamp":1632795823,"share":"https://www.laohunote.com/m/news/1114358506?lang=zh_CN&edition=full","pubTime":"2021-09-28 10:23","market":"us","language":"en","title":"Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114358506","media":"Motley Fool","summary":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed oth","content":" None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-09-28 10:23\n\n</h4>\n</header>\n<article>\n None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114358506","content_text":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed other stock market indexes.\nMany are pointing to Federal Reserve monetary policy trends.\nIn the long run, what matters are a stock's fundamentals.\n\nThe stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.\nOverarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.\nInterest rates on the rise\nWhat appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.\nSpecifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.\nDriving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.\nWhat does this have to do with high-growth stocks?\nWhat's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.\nThat's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).\nSome decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.\nDon't panic\nIt's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.\nIf you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.","news_type":1,"symbols_score_info":{".IXIC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6021815,"gmtCreate":1632797685293,"gmtModify":1634783755514,"authorId":3573100524668837,"author":{"id":3573100524668837,"idStr":"3573100524668837","authorId":3573100524668837,"name":"Ruixiang","avatar":"https://static.tigerbbs.com/7f71da180ee0c8214a37155cd6d7f87c","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":866465847,"type":1,"supId":0,"prevId":0,"content":"O","text":"O","html":"O"}],"langContent":"CN"},{"id":866465938,"gmtCreate":1632797659424,"gmtModify":1632797659614,"author":{"id":"3580115316362183","authorId":"3580115316362183","name":"RainbowMouse","avatar":"https://static.tigerbbs.com/40f6eca7c9c245322562c67c707813d1","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"idStr":"3580115316362183","authorIdStr":"3580115316362183"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/866465938","repostId":1114358506,"repostType":4,"repost":{"id":"1114358506","kind":"news","pubTimestamp":1632795823,"share":"https://www.laohunote.com/m/news/1114358506?lang=zh_CN&edition=full","pubTime":"2021-09-28 10:23","market":"us","language":"en","title":"Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114358506","media":"Motley Fool","summary":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed oth","content":" None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-09-28 10:23\n\n</h4>\n</header>\n<article>\n None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114358506","content_text":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed other stock market indexes.\nMany are pointing to Federal Reserve monetary policy trends.\nIn the long run, what matters are a stock's fundamentals.\n\nThe stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.\nOverarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.\nInterest rates on the rise\nWhat appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.\nSpecifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.\nDriving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.\nWhat does this have to do with high-growth stocks?\nWhat's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.\nThat's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).\nSome decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.\nDon't panic\nIt's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.\nIf you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.","news_type":1,"symbols_score_info":{".IXIC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6021819,"gmtCreate":1632797705612,"gmtModify":1634783755068,"authorId":3574561075073580,"author":{"id":3574561075073580,"idStr":"3574561075073580","authorId":3574561075073580,"name":"Vivavia","avatar":"https://static.tigerbbs.com/8d3f4a758009aa5ba42ecb7c1715cebf","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":866465938,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi"}],"langContent":"CN"},{"id":866462212,"gmtCreate":1632797631936,"gmtModify":1632797635405,"author":{"id":"3578877444948553","authorId":"3578877444948553","name":"FIRE Trader","avatar":"https://static.tigerbbs.com/1c30b3322520635b1f24c04407d5574c","vip":1,"crmLevel":12,"crmLevelSwitch":0,"wearingBadges":[],"idStr":"3578877444948553","authorIdStr":"3578877444948553"},"htmlText":"Comment n like pls","listText":"Comment n like pls","text":"Comment n like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/866462212","repostId":1114358506,"repostType":4,"repost":{"id":"1114358506","kind":"news","pubTimestamp":1632795823,"share":"https://www.laohunote.com/m/news/1114358506?lang=zh_CN&edition=full","pubTime":"2021-09-28 10:23","market":"us","language":"en","title":"Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114358506","media":"Motley Fool","summary":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed oth","content":" None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Are the Nasdaq's Top Growth Stocks Freaking Out Monday?<blockquote>为什么纳斯达克顶级成长型股票周一恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-09-28 10:23\n\n</h4>\n</header>\n<article>\n None of it has anything to do with business fundamentals. Key Points<blockquote>这些都与商业基本面无关。要点</blockquote> <ul> <li>The Nasdaq underperformed other stock market indexes.</li> <li>Many are pointing to Federal Reserve monetary policy trends.</li> <li>In the long run, what matters are a stock's fundamentals.</li> </ul> The stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.<blockquote><ul><li>纳斯达克的表现逊于其他股市指数。</li><li>许多人指向美联储货币政策趋势。</li><li>从长远来看，重要的是股票的基本面。</li></ul>周一股市分歧严重，某些板块的表现远好于其他板块。在一个相对不寻常的发展中，纳斯达克复合材料（纳斯达克指数：^IXIC）发现自己处于短端，尽管其他股市基准当天上涨，但该指数在午后交易中下跌了近0.5%。</blockquote> Overarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.<blockquote>纳斯达克指数周一表现不佳是一个因素。这与过去 18 个月推动股价大幅上涨的企业的基本表现无关。然而，这是许多股票分析师在确定估值时使用的一个关键因素，这也解释了周一对高增长股票看似非理性的厌恶。下面，我们将更仔细地看看正在发生的事情。</blockquote> Interest rates on the rise<blockquote>利率上升</blockquote> What appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.<blockquote>似乎导致纳斯达克走低的是成长型投资者对金融市场完全不同方面的反应。国债收益率最近一直在上升，这导致股市一些领头羊最近进行了重估。</blockquote> Specifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.<blockquote>具体而言，10年期国债收益率大幅上升。不到一周前，债券收益率仅为 1.3%。周一飙升至 1.52%。对于财政部来说，这是一个非常迅速的举措。</blockquote> Driving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.<blockquote>推动债券收益率走高的是预期美联储将采取适当行动，试图使货币政策正常化。美联储可能不会突然、出乎意料地加息，因为它已经尽一切努力发出逐步恢复正常的信号。然而，市场预计缩减债券购买规模可能会成为加息的前兆。美联储最终退出国债市场可能会减少需求并给利率带来更大的上行压力。</blockquote> What does this have to do with high-growth stocks?<blockquote>这与高增长股票有什么关系？</blockquote> What's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.<blockquote>债券市场发生的事情对高增长公司几乎没有直接影响。然而，公司的一些估值方法会根据未来预期盈利的程度对未来利润应用贴现率。贴现率越高，未来几年甚至十年或更长时间的收益价值就越低。</blockquote> That's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).<blockquote>这可能是纳斯达克上一些特别受欢迎的股票今天表现不佳的原因。工作场所协作软件专家阿特拉斯（纳斯达克股票代码：TEAM）下跌 6%。拉丁美洲电子商务巨头自由市场（纳斯达克股票代码：MELI）下跌 5%，兽医诊断专家也是如此Idexx实验室（纳斯达克股票代码：IDXX）。</blockquote> Some decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.<blockquote>纳斯达克的一些下跌者也受到公司特定基本面因素的拖累。例如，在疫苗领域，人们对 COVID-19 大流行最终将得到控制的预期受到了压力现代（纳斯达克股票代码：MRNA），生物技术（纳斯达克股票代码：BNTX），以及诺瓦瓦克斯（纳斯达克股票代码：NVAX）周一下午涨幅为 4% 至 7%。</blockquote> Don't panic<blockquote>不要惊慌</blockquote> It's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.<blockquote>看着自己拥有的股票因为明显不好的原因而下跌从来都不是一件有趣的事情。但是，请记住，作为长期投资者，您不必担心短期走势。从长远来看，股票上涨是因为它们的基本业务前景良好，并导致持续增长。</blockquote> If you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.<blockquote>如果你仍然相信你拥有的股票有光明的未来，那么请耐心等待。最终，股票价格与实体企业的健康状况非常匹配——如果你的企业做得好，你最终有望获利。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2021/09/27/why-are-the-nasdaqs-top-growth-stocks-freaking-out/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114358506","content_text":"None of it has anything to do with business fundamentals.\n\nKey Points\n\nThe Nasdaq underperformed other stock market indexes.\nMany are pointing to Federal Reserve monetary policy trends.\nIn the long run, what matters are a stock's fundamentals.\n\nThe stock market was deeply divided on Monday, with certain sectors doing far better than others. In a relatively unusual development, theNasdaq Composite(NASDAQINDEX:^IXIC)found itself on the short end of the stick, with the index falling almost half a percent in mid-afternoon trading even as other stock market benchmarks were up on the day.\nOverarching the Nasdaq's underperformance on Monday was one factor. It has nothing to do with the fundamental performance of the businesses that has driven stock prices so much higher over the past 18 months. However, it's a key factor that many stock analysts use in determining valuation, and that explains the seemingly irrational aversion to high-growth stocks Monday. Below, we'll look more closely at what's happening.\nInterest rates on the rise\nWhat appears to be sending the Nasdaq lower is a reaction from growth investors to a completely different side of the financial markets.Treasury bondyields have been on the rise lately, and that's leading to a revaluation of some of the leaders in the stock market recently.\nSpecifically, 10-year Treasury yields have gone up sharply. Less than a week ago, the bonds were yielding just 1.3%. That jumped as high as 1.52% on Monday. That's a very quick move for Treasuries.\nDriving higher bond yields is the expectation that the Federal Reserve will make moves as appropriate to try to normalize monetary policy. The Fed probably won't make sudden, unexpected rate hikes, as it has done everything it can to signal a gradual return to normalcy. However, markets are anticipating the likelihood of tapering of bond purchases as a precursor to rate hikes. The eventual exit of the Fed from the Treasury market could reduce demand and build more upward pressure on interest rates.\nWhat does this have to do with high-growth stocks?\nWhat's happening in the bond market has little direct impact on high-growth companies. However, some valuation methods for companies apply a discount rate to future profits based on how far into the future they're expected to come in. The higher the discount rate, the lower the value of earnings that are still several years or even a decade or more out.\nThat's likely the reason why some particular favorites on the Nasdaq are doing poorly today. Workplace collaboration software specialistAtlassian(NASDAQ:TEAM)is down 6%. Latin American e-commerce giantMercadoLibre(NASDAQ:MELI)posted a 5% decline, as did veterinary diagnostics specialistIdexx Laboratories(NASDAQ:IDXX).\nSome decliners on the Nasdaq also had company-specific fundamental factors weighing them down. In thevaccine space, for instance, expectations that the COVID-19 pandemic will eventually come under control weighed onModerna(NASDAQ:MRNA),BioNTech(NASDAQ:BNTX), andNovavax(NASDAQ:NVAX)to the tune of 4% to 7% Monday afternoon.\nDon't panic\nIt's never fun to watch the stocks you own go down for apparently poor reasons. However, keep in mind that as a long-term investor, you don't have to worry about short-term moves. In the long run, stocks gain ground because their fundamental business prospects are sound and lead to sustained growth.\nIf you still have confidence that the stocks you own have promising futures, then be patient. Eventually, stock prices match up well with the health of real businesses -- and if yours do well, you can expect to profit in the end.","news_type":1,"symbols_score_info":{".IXIC":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6021811,"gmtCreate":1632797665624,"gmtModify":1634783755954,"authorId":3580115316362183,"author":{"id":3580115316362183,"idStr":"3580115316362183","authorId":3580115316362183,"name":"RainbowMouse","avatar":"https://static.tigerbbs.com/40f6eca7c9c245322562c67c707813d1","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":866462212,"type":1,"supId":0,"prevId":0,"content":"okay sure","text":"okay sure","html":"okay sure"},{"id":6021839,"gmtCreate":1632797851650,"gmtModify":1634783753211,"authorId":3587029173183468,"author":{"id":3587029173183468,"idStr":"3587029173183468","authorId":3587029173183468,"name":"shoude","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":866462212,"type":1,"supId":6021811,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":137,"commentSize":54,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}