Tech Stocks Are Getting Slammed, Yet Again. Why Apple, Microsoft, Tesla and 10 Others Can Rise._老虎社区_美港股上老虎

Tech Stocks Are Getting Slammed, Yet Again. Why Apple, Microsoft, Tesla and 10 Others Can Rise.

Barrons2022-01-18

Tech stocks are getting slammed yet again, for familiar reasons. Investors can blame worries about higher inflation, expectations of tighter monetary policy from the Federal Reserve, and—more recently...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

Andersonkana
·2022-01-19
Good
回复
点赞
举报
WLC123
·2022-01-18
Good.
回复
点赞
举报
收起
- y2k:
  No
  2022-01-19
  回复
  举报

热议股票

7x24

全部

{"i18n":{"language":"zh_CN"},"data":{"share":"https://www.laohu8.com/m/news/1134128888?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2022-01-18 22:24","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1134128888","market":"us","top_or_hot":-1,"title":"Tech Stocks Are Getting Slammed, Yet Again. Why Apple, Microsoft, Tesla and 10 Others Can Rise.","media":"Barrons","content":"<div>\nTech stocks are getting slammed yet again, for familiar reasons. Investors can blame worries about higher inflation, expectations of tighter monetary policy from the Federal Reserve, and—more recently...\n\n<a href=\"https://www.barrons.com/articles/tech-stocks-slammed-apple-microsoft-tesla-buys-51642512041?mod=hp_LATEST\">网页链接</a>\n\n</div>\n","source":"lsy1601382232898","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>Tech Stocks Are Getting Slammed, Yet Again. Why Apple, Microsoft, Tesla and 10 Others Can Rise.</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nTech Stocks Are Getting Slammed, Yet Again. Why Apple, Microsoft, Tesla and 10 Others Can Rise.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-18 22:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tech-stocks-slammed-apple-microsoft-tesla-buys-51642512041?mod=hp_LATEST>Barrons</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nTech stocks are getting slammed yet again, for familiar reasons. Investors can blame worries about higher inflation, expectations of tighter monetary policy from the Federal Reserve, and—more recently...\n\n<a href=\"https://www.barrons.com/articles/tech-stocks-slammed-apple-microsoft-tesla-buys-51642512041?mod=hp_LATEST\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CYBR","symbol_name":"Cyber-Ark Software","start_time":0,"source_url":"https://www.barrons.com/articles/tech-stocks-slammed-apple-microsoft-tesla-buys-51642512041?mod=hp_LATEST","article_id":"1134128888","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1134128888","pubTimestamp":1642515872,"columns":[],"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"Tech stocks are getting slammed yet again, for familiar reasons. Investors can blame worries about h","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CYBR":"Cyber-Ark Software","AAPL":"苹果","NICE":"NICE系统","PEGA":"Pegasystems Inc","PANW":"Palo Alto Networks","ZD":"Ziff Davis, Inc","CCSI":"Consensus Cloud Solutions Inc","ZS":"Zscaler Inc.","TSLA":"特斯拉","CHKP":"Check Point软件科技","TENB":"Tenable Holdings Inc.","MSFT":"微软"},"translate_title":"科技股再次受到冲击。为什么苹果、微软、泰斯拉等10家能崛起。","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":0.9,"ZS":0.9,"TENB":0.9,"CCSI":0.9,"CYBR":0.9,"PANW":0.9,"TSLA":0.9,"LICY":0.9,"NICE":0.9,"PEGA":0.9,"CHKP":0.9,"MSFT":0.9,"ZD":0.9},"content_text":"Tech stocks are getting slammed yet again, for familiar reasons. Investors can blame worries about higher inflation, expectations of tighter monetary policy from the Federal Reserve, and—more recently—a serious spike in bond yields.Nasdaq-100 futures, which track the largest constituents in the tech-heavy Nasdaq Composite index, indicated a 1.6% tumble at the open Tuesday. Familiar names like Apple (ticker: AAPL), Microsoft (MSFT), and Tesla (TSLA) were all down in the premarket trade, falling 1.8%, 1.9%, and 2%, respectively.Against a backdrop of historic inflation—the U.S. consumer-price index rose in December at the fastest annual rate since 1982—investors are getting concerned about just how early, and fast, the Fed will raise interest rates. Markets had priced in three rate increases in 2022—with the first in March—but noise is growing that more or bigger increases may be on the horizon.Billionaire hedge fund investor Bill Ackman has called for a “shock and awe” approach from the central bank, with a greater-than-anticipated 50 basis-point hike in March. JPMorgan Chase (JPM) boss Jamie Dimon sees six or seven rate increases coming this year.This is all feeding into a significant spike in bond yields. The yield on the benchmark 10-year U.S. Treasury note is at its highest level since January 2020, touching 1.84% Tuesday before settling closer to 1.82%. It ended last week at 1.79%, and began the year at 1.53%.None of this is good for stocks, especially tech stocks. The valuations of many high-growth technology companies bank on profits years into the future, and elevated yields tend to discount the present value of future cash. The steady rise in the 10-year yield since the beginning of the month maps to a decline for tech—the Nasdaq-100 is down nearly 6% over the same period.“Clearly it has been a brutal start to 2022 for tech investors as the tightening Fed backdrop and rising rate environment have catalyzed a major selloff for the tech sector and is an ominous sign to kick off the year,” said Dan Ives, an analyst at broker and investment bank Wedbush, in a note Tuesday. “Many tech stocks are down 15%+ with some high multiple names down 35%-40% to start the year.”Yet Ives, who is among the most bullish of the tech bulls, remains so.“The key debate on the Street is if high multiple tech stocks can still move higher in a more hawkish Fed backdrop,” he said. “The answer is yes.”Ives outlined last week that he believes the coming earnings season will be crucial for the sector, with Wall Street needing to see upbeat 2022 guidance to get back behind tech. He doubled down on that message Tuesday.“We view this as the most important upcoming earnings season for tech stocks in many years to turn the tide and derail the negative sentiment,” Ives said.Wedbush expects very high growth rates, that may be revealed in financial results, will help justify tech valuations, with some $1 trillion in corporate spending planned for cloud software adding another boost.“The underlying growth for the tech space is being underestimated by the Street and will thus neutralize some of these perceived Fed tightening headwinds,” the analyst said.Wedbush’s favorite large-cap tech stocks are Apple and Microsoft, with Tesla as well as Li-Cycle (LICY) being the preferred names in electric vehicles.In cybersecurity, Ives likes Zscaler (ZS) and CyberArk Software (CYBR), as well as Palo Alto Networks (PANW) and Tenable (TENB)—which were both added to Wedbush’s “best ideas list” Tuesday.When it comes to “value” names—which Ives said could be a safety blanket amid the Fed storm—Wedbush highlights Pegasystems (PEGA), Check Point Software Technologies (CHKP), Consensus Cloud Solutions (CCSI), Nice Systems (NICE), and Ziff Davis (ZD).","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"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":697544830,"gmtCreate":1642544201116,"gmtModify":1642544201672,"author":{"id":"4088599389256890","authorId":"4088599389256890","name":"Andersonkana","avatar":"https://static.tigerbbs.com/21e08c99709245ba5acdcf7245d9c40f","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"4088599389256890","idStr":"4088599389256890"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/697544830","repostId":1134128888,"repostType":4,"repost":{"id":"1134128888","kind":"news","pubTimestamp":1642515872,"share":"https://www.laohu8.com/m/news/1134128888?lang=zh_CN&edition=full","pubTime":"2022-01-18 22:24","market":"us","language":"en","title":"Tech Stocks Are Getting Slammed, Yet Again. Why Apple, Microsoft, Tesla and 10 Others Can Rise.<blockquote>科技股再次遭受重创。为什么苹果、微软、特斯拉和其他10个国家可以崛起。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1134128888","media":"Barrons","summary":"Tech stocks are getting slammed yet again, for familiar reasons. Investors can blame worries about h","content":"<html><head></head><body><blockquote><html><head></head><body></body></html></blockquote>Tech stocks are getting slammed yet again, for familiar reasons. Investors can blame worries about higher inflation, expectations of tighter monetary policy from the Federal Reserve, and—more recently—a serious spike in bond yields.<blockquote>出于熟悉的原因，科技股再次遭受重创。投资者可以将其归咎于对通胀上升的担忧、对美联储收紧货币政策的预期以及最近债券收益率的严重飙升。</blockquote>Nasdaq-100 futures, which track the largest constituents in the tech-heavy Nasdaq Composite index, indicated a 1.6% tumble at the open Tuesday. Familiar names like Apple (ticker: AAPL), Microsoft (MSFT), and Tesla (TSLA) were all down in the premarket trade, falling 1.8%, 1.9%, and 2%, respectively.<blockquote>追踪以科技股为主的纳斯达克综合指数最大成分股的纳斯达克100指数期货周二开盘下跌1.6%。苹果（股票代码：AAPL）、微软（MSFT）和特斯拉（TSLA）等熟悉的公司在盘前交易中均下跌，分别下跌1.8%、1.9%和2%。</blockquote>Against a backdrop of historic inflation—the U.S. consumer-price index rose in December at the fastest annual rate since 1982—investors are getting concerned about just how early, and fast, the Fed will raise interest rates. Markets had priced in three rate increases in 2022—with the first in March—but noise is growing that more or bigger increases may be on the horizon.<blockquote>在历史性通胀的背景下——美国12月份消费者价格指数以1982年以来的最快年率上涨——投资者开始担心美联储加息的时间和速度。市场已经消化了2022年的三次加息——第一次是在3月份——但越来越多的传言称，更多或更大的加息可能即将到来。</blockquote>Billionaire hedge fund investor Bill Ackman has called for a “shock and awe” approach from the central bank, with a greater-than-anticipated 50 basis-point hike in March. JPMorgan Chase (JPM) boss Jamie Dimon sees six or seven rate increases coming this year.<blockquote>亿万富翁对冲基金投资者比尔·阿克曼呼吁央行采取“震惊和敬畏”的态度，3月份加息50个基点，超出预期。摩根大通（JPM）老板杰米·戴蒙预计今年将加息六到七次。</blockquote>This is all feeding into a significant spike in bond yields. The yield on the benchmark 10-year U.S. Treasury note is at its highest level since January 2020, touching 1.84% Tuesday before settling closer to 1.82%. It ended last week at 1.79%, and began the year at 1.53%.<blockquote>这一切都导致债券收益率大幅飙升。基准10年期美国国债收益率处于2020年1月以来的最高水平，周二触及1.84%，随后接近1.82%。上周收于1.79%，年初为1.53%。</blockquote>None of this is good for stocks, especially tech stocks. The valuations of many high-growth technology companies bank on profits years into the future, and elevated yields tend to discount the present value of future cash. The steady rise in the 10-year yield since the beginning of the month maps to a decline for tech—the Nasdaq-100 is down nearly 6% over the same period.<blockquote>这些都不利于股票，尤其是科技股。许多高增长科技公司的估值依赖于未来几年的利润，而收益率上升往往会贴现未来现金的现值。自本月初以来，10年期国债收益率的稳步上升反映了科技股的下跌——纳斯达克100指数同期下跌了近6%。</blockquote>“Clearly it has been a brutal start to 2022 for tech investors as the tightening Fed backdrop and rising rate environment have catalyzed a major selloff for the tech sector and is an ominous sign to kick off the year,” said Dan Ives, an analyst at broker and investment bank Wedbush, in a note Tuesday. “Many tech stocks are down 15%+ with some high multiple names down 35%-40% to start the year.”<blockquote>分析师丹·艾夫斯(Dan Ives)表示：“显然，对于科技投资者来说，2022年是一个残酷的开局，因为美联储紧缩的背景和利率上升的环境引发了科技行业的大幅抛售，这是年初的不祥迹象。”经纪人和投资银行韦德布什周二在一份报告中表示。“今年年初，许多科技股下跌了15%以上，一些高市盈率的股票下跌了35%-40%。”</blockquote>Yet Ives, who is among the most bullish of the tech bulls, remains so.<blockquote>然而，艾夫斯是科技多头中最乐观的人之一，他仍然如此。</blockquote>“The key debate on the Street is if high multiple tech stocks can still move higher in a more hawkish Fed backdrop,” he said. “The answer is yes.”<blockquote>他表示：“华尔街的关键争论是，在美联储更加鹰派的背景下，高市盈率科技股是否仍能走高。”“答案是肯定的。”</blockquote>Ives outlined last week that he believes the coming earnings season will be crucial for the sector, with Wall Street needing to see upbeat 2022 guidance to get back behind tech. He doubled down on that message Tuesday.<blockquote>艾夫斯上周概述说，他认为即将到来的财报季对该行业至关重要，华尔街需要看到乐观的2022年指引才能重新支持科技股。周二，他加倍强调了这一信息。</blockquote>“We view this as the most important upcoming earnings season for tech stocks in many years to turn the tide and derail the negative sentiment,” Ives said.<blockquote>艾夫斯表示：“我们认为这是科技股多年来最重要的即将到来的财报季，以扭转局势并消除负面情绪。”</blockquote>Wedbush expects very high growth rates, that may be revealed in financial results, will help justify tech valuations, with some $1 trillion in corporate spending planned for cloud software adding another boost.<blockquote>Wedbush预计，财务业绩中可能会揭示的非常高的增长率将有助于证明科技估值的合理性，企业计划在云软件上的支出约1万亿美元将进一步推动这一增长。</blockquote>“The underlying growth for the tech space is being underestimated by the Street and will thus neutralize some of these perceived Fed tightening headwinds,” the analyst said.<blockquote>这位分析师表示：“华尔街低估了科技领域的潜在增长，因此将抵消一些美联储紧缩的不利因素。”</blockquote>Wedbush’s favorite large-cap tech stocks are Apple and Microsoft, with Tesla as well as Li-Cycle (LICY) being the preferred names in electric vehicles.<blockquote>韦德布什最喜欢的大型科技股是苹果和微软，特斯拉和Li-Cycle(LICY)是电动汽车领域的首选股票。</blockquote>In cybersecurity, Ives likes Zscaler (ZS) and CyberArk Software (CYBR), as well as Palo Alto Networks (PANW) and Tenable (TENB)—which were both added to Wedbush’s “best ideas list” Tuesday.<blockquote>在网络安全方面，艾夫斯喜欢Zscaler(ZS)和CyberArk Software(CYBR)，以及Palo Alto Networks(PANW)和Tenable(TENB)——这两家公司周二都被添加到Wedbush的“最佳创意名单”中。</blockquote>When it comes to “value” names—which Ives said could be a safety blanket amid the Fed storm—Wedbush highlights Pegasystems (PEGA), Check Point Software Technologies (CHKP), Consensus Cloud Solutions (CCSI), Nice Systems (NICE), and Ziff Davis (ZD).<blockquote>当谈到“价值”名称时——艾夫斯表示这可能是美联储风暴中的安全毯——韦德布什强调了Pegasystems(PEGA)、Check Point Software Technologies(CHKP)、Consensus Cloud Solutions(CCSI)、Nice Systems(NICE)和齐夫·戴维斯(ZD)。</blockquote></body></html><blockquote></blockquote>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech Stocks Are Getting Slammed, Yet Again. Why Apple, Microsoft, Tesla and 10 Others Can Rise.<blockquote>科技股再次遭受重创。为什么苹果、微软、特斯拉和其他10个国家可以崛起。</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\">\nTech Stocks Are Getting Slammed, Yet Again. Why Apple, Microsoft, Tesla and 10 Others Can Rise.<blockquote>科技股再次遭受重创。为什么苹果、微软、特斯拉和其他10个国家可以崛起。</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nBarrons2022-01-18 22:24\n\n</h4>\n</header>\n<article>\n<html><head></head><body><blockquote><html><head></head><body></body></html></blockquote>Tech stocks are getting slammed yet again, for familiar reasons. Investors can blame worries about higher inflation, expectations of tighter monetary policy from the Federal Reserve, and—more recently—a serious spike in bond yields.<blockquote>出于熟悉的原因，科技股再次遭受重创。投资者可以将其归咎于对通胀上升的担忧、对美联储收紧货币政策的预期以及最近债券收益率的严重飙升。</blockquote>Nasdaq-100 futures, which track the largest constituents in the tech-heavy Nasdaq Composite index, indicated a 1.6% tumble at the open Tuesday. Familiar names like Apple (ticker: AAPL), Microsoft (MSFT), and Tesla (TSLA) were all down in the premarket trade, falling 1.8%, 1.9%, and 2%, respectively.<blockquote>追踪以科技股为主的纳斯达克综合指数最大成分股的纳斯达克100指数期货周二开盘下跌1.6%。苹果（股票代码：AAPL）、微软（MSFT）和特斯拉（TSLA）等熟悉的公司在盘前交易中均下跌，分别下跌1.8%、1.9%和2%。</blockquote>Against a backdrop of historic inflation—the U.S. consumer-price index rose in December at the fastest annual rate since 1982—investors are getting concerned about just how early, and fast, the Fed will raise interest rates. Markets had priced in three rate increases in 2022—with the first in March—but noise is growing that more or bigger increases may be on the horizon.<blockquote>在历史性通胀的背景下——美国12月份消费者价格指数以1982年以来的最快年率上涨——投资者开始担心美联储加息的时间和速度。市场已经消化了2022年的三次加息——第一次是在3月份——但越来越多的传言称，更多或更大的加息可能即将到来。</blockquote>Billionaire hedge fund investor Bill Ackman has called for a “shock and awe” approach from the central bank, with a greater-than-anticipated 50 basis-point hike in March. JPMorgan Chase (JPM) boss Jamie Dimon sees six or seven rate increases coming this year.<blockquote>亿万富翁对冲基金投资者比尔·阿克曼呼吁央行采取“震惊和敬畏”的态度，3月份加息50个基点，超出预期。摩根大通（JPM）老板杰米·戴蒙预计今年将加息六到七次。</blockquote>This is all feeding into a significant spike in bond yields. The yield on the benchmark 10-year U.S. Treasury note is at its highest level since January 2020, touching 1.84% Tuesday before settling closer to 1.82%. It ended last week at 1.79%, and began the year at 1.53%.<blockquote>这一切都导致债券收益率大幅飙升。基准10年期美国国债收益率处于2020年1月以来的最高水平，周二触及1.84%，随后接近1.82%。上周收于1.79%，年初为1.53%。</blockquote>None of this is good for stocks, especially tech stocks. The valuations of many high-growth technology companies bank on profits years into the future, and elevated yields tend to discount the present value of future cash. The steady rise in the 10-year yield since the beginning of the month maps to a decline for tech—the Nasdaq-100 is down nearly 6% over the same period.<blockquote>这些都不利于股票，尤其是科技股。许多高增长科技公司的估值依赖于未来几年的利润，而收益率上升往往会贴现未来现金的现值。自本月初以来，10年期国债收益率的稳步上升反映了科技股的下跌——纳斯达克100指数同期下跌了近6%。</blockquote>“Clearly it has been a brutal start to 2022 for tech investors as the tightening Fed backdrop and rising rate environment have catalyzed a major selloff for the tech sector and is an ominous sign to kick off the year,” said Dan Ives, an analyst at broker and investment bank Wedbush, in a note Tuesday. “Many tech stocks are down 15%+ with some high multiple names down 35%-40% to start the year.”<blockquote>分析师丹·艾夫斯(Dan Ives)表示：“显然，对于科技投资者来说，2022年是一个残酷的开局，因为美联储紧缩的背景和利率上升的环境引发了科技行业的大幅抛售，这是年初的不祥迹象。”经纪人和投资银行韦德布什周二在一份报告中表示。“今年年初，许多科技股下跌了15%以上，一些高市盈率的股票下跌了35%-40%。”</blockquote>Yet Ives, who is among the most bullish of the tech bulls, remains so.<blockquote>然而，艾夫斯是科技多头中最乐观的人之一，他仍然如此。</blockquote>“The key debate on the Street is if high multiple tech stocks can still move higher in a more hawkish Fed backdrop,” he said. “The answer is yes.”<blockquote>他表示：“华尔街的关键争论是，在美联储更加鹰派的背景下，高市盈率科技股是否仍能走高。”“答案是肯定的。”</blockquote>Ives outlined last week that he believes the coming earnings season will be crucial for the sector, with Wall Street needing to see upbeat 2022 guidance to get back behind tech. He doubled down on that message Tuesday.<blockquote>艾夫斯上周概述说，他认为即将到来的财报季对该行业至关重要，华尔街需要看到乐观的2022年指引才能重新支持科技股。周二，他加倍强调了这一信息。</blockquote>“We view this as the most important upcoming earnings season for tech stocks in many years to turn the tide and derail the negative sentiment,” Ives said.<blockquote>艾夫斯表示：“我们认为这是科技股多年来最重要的即将到来的财报季，以扭转局势并消除负面情绪。”</blockquote>Wedbush expects very high growth rates, that may be revealed in financial results, will help justify tech valuations, with some $1 trillion in corporate spending planned for cloud software adding another boost.<blockquote>Wedbush预计，财务业绩中可能会揭示的非常高的增长率将有助于证明科技估值的合理性，企业计划在云软件上的支出约1万亿美元将进一步推动这一增长。</blockquote>“The underlying growth for the tech space is being underestimated by the Street and will thus neutralize some of these perceived Fed tightening headwinds,” the analyst said.<blockquote>这位分析师表示：“华尔街低估了科技领域的潜在增长，因此将抵消一些美联储紧缩的不利因素。”</blockquote>Wedbush’s favorite large-cap tech stocks are Apple and Microsoft, with Tesla as well as Li-Cycle (LICY) being the preferred names in electric vehicles.<blockquote>韦德布什最喜欢的大型科技股是苹果和微软，特斯拉和Li-Cycle(LICY)是电动汽车领域的首选股票。</blockquote>In cybersecurity, Ives likes Zscaler (ZS) and CyberArk Software (CYBR), as well as Palo Alto Networks (PANW) and Tenable (TENB)—which were both added to Wedbush’s “best ideas list” Tuesday.<blockquote>在网络安全方面，艾夫斯喜欢Zscaler(ZS)和CyberArk Software(CYBR)，以及Palo Alto Networks(PANW)和Tenable(TENB)——这两家公司周二都被添加到Wedbush的“最佳创意名单”中。</blockquote>When it comes to “value” names—which Ives said could be a safety blanket amid the Fed storm—Wedbush highlights Pegasystems (PEGA), Check Point Software Technologies (CHKP), Consensus Cloud Solutions (CCSI), Nice Systems (NICE), and Ziff Davis (ZD).<blockquote>当谈到“价值”名称时——艾夫斯表示这可能是美联储风暴中的安全毯——韦德布什强调了Pegasystems(PEGA)、Check Point Software Technologies(CHKP)、Consensus Cloud Solutions(CCSI)、Nice Systems(NICE)和齐夫·戴维斯(ZD)。</blockquote></body></html><blockquote></blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.barrons.com/articles/tech-stocks-slammed-apple-microsoft-tesla-buys-51642512041?mod=hp_LATEST\">Barrons</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":{"CYBR":"Cyber-Ark Software","AAPL":"苹果","NICE":"NICE系统","PEGA":"Pegasystems Inc","PANW":"Palo Alto Networks","ZD":"Ziff Davis, Inc","CCSI":"Consensus Cloud Solutions Inc","ZS":"Zscaler Inc.","TSLA":"特斯拉","CHKP":"Check Point软件科技","TENB":"Tenable Holdings Inc.","MSFT":"微软"},"source_url":"https://www.barrons.com/articles/tech-stocks-slammed-apple-microsoft-tesla-buys-51642512041?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134128888","content_text":"Tech stocks are getting slammed yet again, for familiar reasons. Investors can blame worries about higher inflation, expectations of tighter monetary policy from the Federal Reserve, and—more recently—a serious spike in bond yields.Nasdaq-100 futures, which track the largest constituents in the tech-heavy Nasdaq Composite index, indicated a 1.6% tumble at the open Tuesday. Familiar names like Apple (ticker: AAPL), Microsoft (MSFT), and Tesla (TSLA) were all down in the premarket trade, falling 1.8%, 1.9%, and 2%, respectively.Against a backdrop of historic inflation—the U.S. consumer-price index rose in December at the fastest annual rate since 1982—investors are getting concerned about just how early, and fast, the Fed will raise interest rates. Markets had priced in three rate increases in 2022—with the first in March—but noise is growing that more or bigger increases may be on the horizon.Billionaire hedge fund investor Bill Ackman has called for a “shock and awe” approach from the central bank, with a greater-than-anticipated 50 basis-point hike in March. JPMorgan Chase (JPM) boss Jamie Dimon sees six or seven rate increases coming this year.This is all feeding into a significant spike in bond yields. The yield on the benchmark 10-year U.S. Treasury note is at its highest level since January 2020, touching 1.84% Tuesday before settling closer to 1.82%. It ended last week at 1.79%, and began the year at 1.53%.None of this is good for stocks, especially tech stocks. The valuations of many high-growth technology companies bank on profits years into the future, and elevated yields tend to discount the present value of future cash. The steady rise in the 10-year yield since the beginning of the month maps to a decline for tech—the Nasdaq-100 is down nearly 6% over the same period.“Clearly it has been a brutal start to 2022 for tech investors as the tightening Fed backdrop and rising rate environment have catalyzed a major selloff for the tech sector and is an ominous sign to kick off the year,” said Dan Ives, an analyst at broker and investment bank Wedbush, in a note Tuesday. “Many tech stocks are down 15%+ with some high multiple names down 35%-40% to start the year.”Yet Ives, who is among the most bullish of the tech bulls, remains so.“The key debate on the Street is if high multiple tech stocks can still move higher in a more hawkish Fed backdrop,” he said. “The answer is yes.”Ives outlined last week that he believes the coming earnings season will be crucial for the sector, with Wall Street needing to see upbeat 2022 guidance to get back behind tech. He doubled down on that message Tuesday.“We view this as the most important upcoming earnings season for tech stocks in many years to turn the tide and derail the negative sentiment,” Ives said.Wedbush expects very high growth rates, that may be revealed in financial results, will help justify tech valuations, with some $1 trillion in corporate spending planned for cloud software adding another boost.“The underlying growth for the tech space is being underestimated by the Street and will thus neutralize some of these perceived Fed tightening headwinds,” the analyst said.Wedbush’s favorite large-cap tech stocks are Apple and Microsoft, with Tesla as well as Li-Cycle (LICY) being the preferred names in electric vehicles.In cybersecurity, Ives likes Zscaler (ZS) and CyberArk Software (CYBR), as well as Palo Alto Networks (PANW) and Tenable (TENB)—which were both added to Wedbush’s “best ideas list” Tuesday.When it comes to “value” names—which Ives said could be a safety blanket amid the Fed storm—Wedbush highlights Pegasystems (PEGA), Check Point Software Technologies (CHKP), Consensus Cloud Solutions (CCSI), Nice Systems (NICE), and Ziff Davis (ZD).","news_type":1,"symbols_score_info":{"AAPL":0.9,"ZS":0.9,"TENB":0.9,"CCSI":0.9,"CYBR":0.9,"PANW":0.9,"TSLA":0.9,"LICY":0.9,"NICE":0.9,"PEGA":0.9,"CHKP":0.9,"MSFT":0.9,"ZD":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":697589043,"gmtCreate":1642517515495,"gmtModify":1642517515720,"author":{"id":"3582070545317933","authorId":"3582070545317933","name":"WLC123","avatar":"https://static.tigerbbs.com/410924b3e2abac099e2d8ab6d86c8a4d","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"3582070545317933","idStr":"3582070545317933"},"htmlText":"Good.","listText":"Good.","text":"Good.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/697589043","repostId":1134128888,"repostType":4,"repost":{"id":"1134128888","kind":"news","pubTimestamp":1642515872,"share":"https://www.laohu8.com/m/news/1134128888?lang=zh_CN&edition=full","pubTime":"2022-01-18 22:24","market":"us","language":"en","title":"Tech Stocks Are Getting Slammed, Yet Again. Why Apple, Microsoft, Tesla and 10 Others Can Rise.<blockquote>科技股再次遭受重创。为什么苹果、微软、特斯拉和其他10个国家可以崛起。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1134128888","media":"Barrons","summary":"Tech stocks are getting slammed yet again, for familiar reasons. Investors can blame worries about h","content":"<html><head></head><body><blockquote><html><head></head><body></body></html></blockquote>Tech stocks are getting slammed yet again, for familiar reasons. Investors can blame worries about higher inflation, expectations of tighter monetary policy from the Federal Reserve, and—more recently—a serious spike in bond yields.<blockquote>出于熟悉的原因，科技股再次遭受重创。投资者可以将其归咎于对通胀上升的担忧、对美联储收紧货币政策的预期以及最近债券收益率的严重飙升。</blockquote>Nasdaq-100 futures, which track the largest constituents in the tech-heavy Nasdaq Composite index, indicated a 1.6% tumble at the open Tuesday. Familiar names like Apple (ticker: AAPL), Microsoft (MSFT), and Tesla (TSLA) were all down in the premarket trade, falling 1.8%, 1.9%, and 2%, respectively.<blockquote>追踪以科技股为主的纳斯达克综合指数最大成分股的纳斯达克100指数期货周二开盘下跌1.6%。苹果（股票代码：AAPL）、微软（MSFT）和特斯拉（TSLA）等熟悉的公司在盘前交易中均下跌，分别下跌1.8%、1.9%和2%。</blockquote>Against a backdrop of historic inflation—the U.S. consumer-price index rose in December at the fastest annual rate since 1982—investors are getting concerned about just how early, and fast, the Fed will raise interest rates. Markets had priced in three rate increases in 2022—with the first in March—but noise is growing that more or bigger increases may be on the horizon.<blockquote>在历史性通胀的背景下——美国12月份消费者价格指数以1982年以来的最快年率上涨——投资者开始担心美联储加息的时间和速度。市场已经消化了2022年的三次加息——第一次是在3月份——但越来越多的传言称，更多或更大的加息可能即将到来。</blockquote>Billionaire hedge fund investor Bill Ackman has called for a “shock and awe” approach from the central bank, with a greater-than-anticipated 50 basis-point hike in March. JPMorgan Chase (JPM) boss Jamie Dimon sees six or seven rate increases coming this year.<blockquote>亿万富翁对冲基金投资者比尔·阿克曼呼吁央行采取“震惊和敬畏”的态度，3月份加息50个基点，超出预期。摩根大通（JPM）老板杰米·戴蒙预计今年将加息六到七次。</blockquote>This is all feeding into a significant spike in bond yields. The yield on the benchmark 10-year U.S. Treasury note is at its highest level since January 2020, touching 1.84% Tuesday before settling closer to 1.82%. It ended last week at 1.79%, and began the year at 1.53%.<blockquote>这一切都导致债券收益率大幅飙升。基准10年期美国国债收益率处于2020年1月以来的最高水平，周二触及1.84%，随后接近1.82%。上周收于1.79%，年初为1.53%。</blockquote>None of this is good for stocks, especially tech stocks. The valuations of many high-growth technology companies bank on profits years into the future, and elevated yields tend to discount the present value of future cash. The steady rise in the 10-year yield since the beginning of the month maps to a decline for tech—the Nasdaq-100 is down nearly 6% over the same period.<blockquote>这些都不利于股票，尤其是科技股。许多高增长科技公司的估值依赖于未来几年的利润，而收益率上升往往会贴现未来现金的现值。自本月初以来，10年期国债收益率的稳步上升反映了科技股的下跌——纳斯达克100指数同期下跌了近6%。</blockquote>“Clearly it has been a brutal start to 2022 for tech investors as the tightening Fed backdrop and rising rate environment have catalyzed a major selloff for the tech sector and is an ominous sign to kick off the year,” said Dan Ives, an analyst at broker and investment bank Wedbush, in a note Tuesday. “Many tech stocks are down 15%+ with some high multiple names down 35%-40% to start the year.”<blockquote>分析师丹·艾夫斯(Dan Ives)表示：“显然，对于科技投资者来说，2022年是一个残酷的开局，因为美联储紧缩的背景和利率上升的环境引发了科技行业的大幅抛售，这是年初的不祥迹象。”经纪人和投资银行韦德布什周二在一份报告中表示。“今年年初，许多科技股下跌了15%以上，一些高市盈率的股票下跌了35%-40%。”</blockquote>Yet Ives, who is among the most bullish of the tech bulls, remains so.<blockquote>然而，艾夫斯是科技多头中最乐观的人之一，他仍然如此。</blockquote>“The key debate on the Street is if high multiple tech stocks can still move higher in a more hawkish Fed backdrop,” he said. “The answer is yes.”<blockquote>他表示：“华尔街的关键争论是，在美联储更加鹰派的背景下，高市盈率科技股是否仍能走高。”“答案是肯定的。”</blockquote>Ives outlined last week that he believes the coming earnings season will be crucial for the sector, with Wall Street needing to see upbeat 2022 guidance to get back behind tech. He doubled down on that message Tuesday.<blockquote>艾夫斯上周概述说，他认为即将到来的财报季对该行业至关重要，华尔街需要看到乐观的2022年指引才能重新支持科技股。周二，他加倍强调了这一信息。</blockquote>“We view this as the most important upcoming earnings season for tech stocks in many years to turn the tide and derail the negative sentiment,” Ives said.<blockquote>艾夫斯表示：“我们认为这是科技股多年来最重要的即将到来的财报季，以扭转局势并消除负面情绪。”</blockquote>Wedbush expects very high growth rates, that may be revealed in financial results, will help justify tech valuations, with some $1 trillion in corporate spending planned for cloud software adding another boost.<blockquote>Wedbush预计，财务业绩中可能会揭示的非常高的增长率将有助于证明科技估值的合理性，企业计划在云软件上的支出约1万亿美元将进一步推动这一增长。</blockquote>“The underlying growth for the tech space is being underestimated by the Street and will thus neutralize some of these perceived Fed tightening headwinds,” the analyst said.<blockquote>这位分析师表示：“华尔街低估了科技领域的潜在增长，因此将抵消一些美联储紧缩的不利因素。”</blockquote>Wedbush’s favorite large-cap tech stocks are Apple and Microsoft, with Tesla as well as Li-Cycle (LICY) being the preferred names in electric vehicles.<blockquote>韦德布什最喜欢的大型科技股是苹果和微软，特斯拉和Li-Cycle(LICY)是电动汽车领域的首选股票。</blockquote>In cybersecurity, Ives likes Zscaler (ZS) and CyberArk Software (CYBR), as well as Palo Alto Networks (PANW) and Tenable (TENB)—which were both added to Wedbush’s “best ideas list” Tuesday.<blockquote>在网络安全方面，艾夫斯喜欢Zscaler(ZS)和CyberArk Software(CYBR)，以及Palo Alto Networks(PANW)和Tenable(TENB)——这两家公司周二都被添加到Wedbush的“最佳创意名单”中。</blockquote>When it comes to “value” names—which Ives said could be a safety blanket amid the Fed storm—Wedbush highlights Pegasystems (PEGA), Check Point Software Technologies (CHKP), Consensus Cloud Solutions (CCSI), Nice Systems (NICE), and Ziff Davis (ZD).<blockquote>当谈到“价值”名称时——艾夫斯表示这可能是美联储风暴中的安全毯——韦德布什强调了Pegasystems(PEGA)、Check Point Software Technologies(CHKP)、Consensus Cloud Solutions(CCSI)、Nice Systems(NICE)和齐夫·戴维斯(ZD)。</blockquote></body></html><blockquote></blockquote>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech Stocks Are Getting Slammed, Yet Again. Why Apple, Microsoft, Tesla and 10 Others Can Rise.<blockquote>科技股再次遭受重创。为什么苹果、微软、特斯拉和其他10个国家可以崛起。</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\">\nTech Stocks Are Getting Slammed, Yet Again. Why Apple, Microsoft, Tesla and 10 Others Can Rise.<blockquote>科技股再次遭受重创。为什么苹果、微软、特斯拉和其他10个国家可以崛起。</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nBarrons2022-01-18 22:24\n\n</h4>\n</header>\n<article>\n<html><head></head><body><blockquote><html><head></head><body></body></html></blockquote>Tech stocks are getting slammed yet again, for familiar reasons. Investors can blame worries about higher inflation, expectations of tighter monetary policy from the Federal Reserve, and—more recently—a serious spike in bond yields.<blockquote>出于熟悉的原因，科技股再次遭受重创。投资者可以将其归咎于对通胀上升的担忧、对美联储收紧货币政策的预期以及最近债券收益率的严重飙升。</blockquote>Nasdaq-100 futures, which track the largest constituents in the tech-heavy Nasdaq Composite index, indicated a 1.6% tumble at the open Tuesday. Familiar names like Apple (ticker: AAPL), Microsoft (MSFT), and Tesla (TSLA) were all down in the premarket trade, falling 1.8%, 1.9%, and 2%, respectively.<blockquote>追踪以科技股为主的纳斯达克综合指数最大成分股的纳斯达克100指数期货周二开盘下跌1.6%。苹果（股票代码：AAPL）、微软（MSFT）和特斯拉（TSLA）等熟悉的公司在盘前交易中均下跌，分别下跌1.8%、1.9%和2%。</blockquote>Against a backdrop of historic inflation—the U.S. consumer-price index rose in December at the fastest annual rate since 1982—investors are getting concerned about just how early, and fast, the Fed will raise interest rates. Markets had priced in three rate increases in 2022—with the first in March—but noise is growing that more or bigger increases may be on the horizon.<blockquote>在历史性通胀的背景下——美国12月份消费者价格指数以1982年以来的最快年率上涨——投资者开始担心美联储加息的时间和速度。市场已经消化了2022年的三次加息——第一次是在3月份——但越来越多的传言称，更多或更大的加息可能即将到来。</blockquote>Billionaire hedge fund investor Bill Ackman has called for a “shock and awe” approach from the central bank, with a greater-than-anticipated 50 basis-point hike in March. JPMorgan Chase (JPM) boss Jamie Dimon sees six or seven rate increases coming this year.<blockquote>亿万富翁对冲基金投资者比尔·阿克曼呼吁央行采取“震惊和敬畏”的态度，3月份加息50个基点，超出预期。摩根大通（JPM）老板杰米·戴蒙预计今年将加息六到七次。</blockquote>This is all feeding into a significant spike in bond yields. The yield on the benchmark 10-year U.S. Treasury note is at its highest level since January 2020, touching 1.84% Tuesday before settling closer to 1.82%. It ended last week at 1.79%, and began the year at 1.53%.<blockquote>这一切都导致债券收益率大幅飙升。基准10年期美国国债收益率处于2020年1月以来的最高水平，周二触及1.84%，随后接近1.82%。上周收于1.79%，年初为1.53%。</blockquote>None of this is good for stocks, especially tech stocks. The valuations of many high-growth technology companies bank on profits years into the future, and elevated yields tend to discount the present value of future cash. The steady rise in the 10-year yield since the beginning of the month maps to a decline for tech—the Nasdaq-100 is down nearly 6% over the same period.<blockquote>这些都不利于股票，尤其是科技股。许多高增长科技公司的估值依赖于未来几年的利润，而收益率上升往往会贴现未来现金的现值。自本月初以来，10年期国债收益率的稳步上升反映了科技股的下跌——纳斯达克100指数同期下跌了近6%。</blockquote>“Clearly it has been a brutal start to 2022 for tech investors as the tightening Fed backdrop and rising rate environment have catalyzed a major selloff for the tech sector and is an ominous sign to kick off the year,” said Dan Ives, an analyst at broker and investment bank Wedbush, in a note Tuesday. “Many tech stocks are down 15%+ with some high multiple names down 35%-40% to start the year.”<blockquote>分析师丹·艾夫斯(Dan Ives)表示：“显然，对于科技投资者来说，2022年是一个残酷的开局，因为美联储紧缩的背景和利率上升的环境引发了科技行业的大幅抛售，这是年初的不祥迹象。”经纪人和投资银行韦德布什周二在一份报告中表示。“今年年初，许多科技股下跌了15%以上，一些高市盈率的股票下跌了35%-40%。”</blockquote>Yet Ives, who is among the most bullish of the tech bulls, remains so.<blockquote>然而，艾夫斯是科技多头中最乐观的人之一，他仍然如此。</blockquote>“The key debate on the Street is if high multiple tech stocks can still move higher in a more hawkish Fed backdrop,” he said. “The answer is yes.”<blockquote>他表示：“华尔街的关键争论是，在美联储更加鹰派的背景下，高市盈率科技股是否仍能走高。”“答案是肯定的。”</blockquote>Ives outlined last week that he believes the coming earnings season will be crucial for the sector, with Wall Street needing to see upbeat 2022 guidance to get back behind tech. He doubled down on that message Tuesday.<blockquote>艾夫斯上周概述说，他认为即将到来的财报季对该行业至关重要，华尔街需要看到乐观的2022年指引才能重新支持科技股。周二，他加倍强调了这一信息。</blockquote>“We view this as the most important upcoming earnings season for tech stocks in many years to turn the tide and derail the negative sentiment,” Ives said.<blockquote>艾夫斯表示：“我们认为这是科技股多年来最重要的即将到来的财报季，以扭转局势并消除负面情绪。”</blockquote>Wedbush expects very high growth rates, that may be revealed in financial results, will help justify tech valuations, with some $1 trillion in corporate spending planned for cloud software adding another boost.<blockquote>Wedbush预计，财务业绩中可能会揭示的非常高的增长率将有助于证明科技估值的合理性，企业计划在云软件上的支出约1万亿美元将进一步推动这一增长。</blockquote>“The underlying growth for the tech space is being underestimated by the Street and will thus neutralize some of these perceived Fed tightening headwinds,” the analyst said.<blockquote>这位分析师表示：“华尔街低估了科技领域的潜在增长，因此将抵消一些美联储紧缩的不利因素。”</blockquote>Wedbush’s favorite large-cap tech stocks are Apple and Microsoft, with Tesla as well as Li-Cycle (LICY) being the preferred names in electric vehicles.<blockquote>韦德布什最喜欢的大型科技股是苹果和微软，特斯拉和Li-Cycle(LICY)是电动汽车领域的首选股票。</blockquote>In cybersecurity, Ives likes Zscaler (ZS) and CyberArk Software (CYBR), as well as Palo Alto Networks (PANW) and Tenable (TENB)—which were both added to Wedbush’s “best ideas list” Tuesday.<blockquote>在网络安全方面，艾夫斯喜欢Zscaler(ZS)和CyberArk Software(CYBR)，以及Palo Alto Networks(PANW)和Tenable(TENB)——这两家公司周二都被添加到Wedbush的“最佳创意名单”中。</blockquote>When it comes to “value” names—which Ives said could be a safety blanket amid the Fed storm—Wedbush highlights Pegasystems (PEGA), Check Point Software Technologies (CHKP), Consensus Cloud Solutions (CCSI), Nice Systems (NICE), and Ziff Davis (ZD).<blockquote>当谈到“价值”名称时——艾夫斯表示这可能是美联储风暴中的安全毯——韦德布什强调了Pegasystems(PEGA)、Check Point Software Technologies(CHKP)、Consensus Cloud Solutions(CCSI)、Nice Systems(NICE)和齐夫·戴维斯(ZD)。</blockquote></body></html><blockquote></blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.barrons.com/articles/tech-stocks-slammed-apple-microsoft-tesla-buys-51642512041?mod=hp_LATEST\">Barrons</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":{"CYBR":"Cyber-Ark Software","AAPL":"苹果","NICE":"NICE系统","PEGA":"Pegasystems Inc","PANW":"Palo Alto Networks","ZD":"Ziff Davis, Inc","CCSI":"Consensus Cloud Solutions Inc","ZS":"Zscaler Inc.","TSLA":"特斯拉","CHKP":"Check Point软件科技","TENB":"Tenable Holdings Inc.","MSFT":"微软"},"source_url":"https://www.barrons.com/articles/tech-stocks-slammed-apple-microsoft-tesla-buys-51642512041?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134128888","content_text":"Tech stocks are getting slammed yet again, for familiar reasons. Investors can blame worries about higher inflation, expectations of tighter monetary policy from the Federal Reserve, and—more recently—a serious spike in bond yields.Nasdaq-100 futures, which track the largest constituents in the tech-heavy Nasdaq Composite index, indicated a 1.6% tumble at the open Tuesday. Familiar names like Apple (ticker: AAPL), Microsoft (MSFT), and Tesla (TSLA) were all down in the premarket trade, falling 1.8%, 1.9%, and 2%, respectively.Against a backdrop of historic inflation—the U.S. consumer-price index rose in December at the fastest annual rate since 1982—investors are getting concerned about just how early, and fast, the Fed will raise interest rates. Markets had priced in three rate increases in 2022—with the first in March—but noise is growing that more or bigger increases may be on the horizon.Billionaire hedge fund investor Bill Ackman has called for a “shock and awe” approach from the central bank, with a greater-than-anticipated 50 basis-point hike in March. JPMorgan Chase (JPM) boss Jamie Dimon sees six or seven rate increases coming this year.This is all feeding into a significant spike in bond yields. The yield on the benchmark 10-year U.S. Treasury note is at its highest level since January 2020, touching 1.84% Tuesday before settling closer to 1.82%. It ended last week at 1.79%, and began the year at 1.53%.None of this is good for stocks, especially tech stocks. The valuations of many high-growth technology companies bank on profits years into the future, and elevated yields tend to discount the present value of future cash. The steady rise in the 10-year yield since the beginning of the month maps to a decline for tech—the Nasdaq-100 is down nearly 6% over the same period.“Clearly it has been a brutal start to 2022 for tech investors as the tightening Fed backdrop and rising rate environment have catalyzed a major selloff for the tech sector and is an ominous sign to kick off the year,” said Dan Ives, an analyst at broker and investment bank Wedbush, in a note Tuesday. “Many tech stocks are down 15%+ with some high multiple names down 35%-40% to start the year.”Yet Ives, who is among the most bullish of the tech bulls, remains so.“The key debate on the Street is if high multiple tech stocks can still move higher in a more hawkish Fed backdrop,” he said. “The answer is yes.”Ives outlined last week that he believes the coming earnings season will be crucial for the sector, with Wall Street needing to see upbeat 2022 guidance to get back behind tech. He doubled down on that message Tuesday.“We view this as the most important upcoming earnings season for tech stocks in many years to turn the tide and derail the negative sentiment,” Ives said.Wedbush expects very high growth rates, that may be revealed in financial results, will help justify tech valuations, with some $1 trillion in corporate spending planned for cloud software adding another boost.“The underlying growth for the tech space is being underestimated by the Street and will thus neutralize some of these perceived Fed tightening headwinds,” the analyst said.Wedbush’s favorite large-cap tech stocks are Apple and Microsoft, with Tesla as well as Li-Cycle (LICY) being the preferred names in electric vehicles.In cybersecurity, Ives likes Zscaler (ZS) and CyberArk Software (CYBR), as well as Palo Alto Networks (PANW) and Tenable (TENB)—which were both added to Wedbush’s “best ideas list” Tuesday.When it comes to “value” names—which Ives said could be a safety blanket amid the Fed storm—Wedbush highlights Pegasystems (PEGA), Check Point Software Technologies (CHKP), Consensus Cloud Solutions (CCSI), Nice Systems (NICE), and Ziff Davis (ZD).","news_type":1,"symbols_score_info":{"AAPL":0.9,"ZS":0.9,"TENB":0.9,"CCSI":0.9,"CYBR":0.9,"PANW":0.9,"TSLA":0.9,"LICY":0.9,"NICE":0.9,"PEGA":0.9,"CHKP":0.9,"MSFT":0.9,"ZD":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7189950,"gmtCreate":1642551575533,"gmtModify":1642551575645,"authorId":3573008335393762,"author":{"id":3573008335393762,"idStr":"3573008335393762","authorId":3573008335393762,"name":"y2k","avatar":"https://static.tigerbbs.com/cb261c0b6daccd3f22e7ee12ad6ec7d6","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":697589043,"type":1,"supId":0,"prevId":0,"content":"No","text":"No","html":"No"}],"langContent":"CN"}],"hasMoreComments":false,"newsSizeData":{"likeSize":9,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}