Why Are the Nasdaq's Highest-Growth Stocks Panicking About a Strong Economy?_老虎社区_美港股上老虎

Why Are the Nasdaq's Highest-Growth Stocks Panicking About a Strong Economy?

Motley Fool2021-03-19

The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major ...

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119

JeremyKok
·2021-03-20
Tech stock may fall again next week. Prepare your spare cash to buy more tech stocks like Microsoft, IBM, Adobe etc.
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Suenwins
·2021-03-19
Well, what I expected to happen yesterday happened only on today. The wall street investors woke up and finally realised the dovish stance and the announcement doesn’t fit perfectly to their thought and boom here you go the market in blood.Let’s wait, it is quadruple witching day on Friday! From the past record, the increased volume on this day doesnt necessarily related to the price movement. What is the plan for the institution or big investors? Did they just create panic selling so they could buy the dip or did it really show some bad signal?
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Kiteflying
·2021-03-19
Buy the dip.
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AzriTan
·2021-03-19
Believe in Tesla!
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- sgric:
  like and follow
  2021-03-19
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mcwood
·2021-03-19
[流泪]
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GoodLife25
·2021-03-19
Buy the stocks where u believe & confident with company's future growth which give u are clear qbout it vision if with long hold investment. Not promoting Tesla here, but when chip problem solve later, it may help to lifted & speed up the production with even better growth, just an example.
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- GavinTan138:
  Be confident in the company andbhuy more
  2021-03-19
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AS78
·2021-03-19
Informative
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Eaglewings
·2021-03-19
This narrative is old school. Both value and growth companies with the right value propositions will last and make an impact.
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Lifestyle
·2021-03-19
Just a technical correction and it’s healthy for the tech sector before it can climb even higher! The bulls will strengthen and bring all other industries up higher. Always buy when there is a dip and hold for strong conviction companies. They will bring disruptions in the future and some value companies will fail. Looking back you will see how cheap back then. DCA is still the best strategy riding out the storm in the long run 😉
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- sgric:
  prices are temporary as there are no changes to the company fundamentals
  2021-03-19
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mark01bravz
·2021-03-19
Black friday again !
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Cheria
·2021-03-19
If keeping for long term, it’s a good time to buy and hold.
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shiba
·2021-03-19
Hmm
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Gallop
·2021-03-19
Sinking deeper and deeper
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Sumei
·2021-03-19
Good time to pick up growth shares if you have spare cash...
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- Leoneon8881:
  👍🏻
  2021-03-19
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- kuehlapis:
  agreed!
  2021-03-19
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- Khay:
  why is there so many mixed news that's so confusing... On one hand it's telling u to move into value stocks instead of tech, and on the other hand, if talks about buying growth stock. So what's good?
  2021-03-19
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查看更多 2 条评论
SQ88
·2021-03-19
investor will still confident with their choices...
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och
·2021-03-19
Buy more![财迷]
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- Leoneon8881:
  👍🏻
  2021-03-19
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Wallstrtbets
·2021-03-19
Technical correction, not fundamental.
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Sogon
·2021-03-19
Great explanation
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StockJunior
·2021-03-19
Excellent read that explains the relationship between raising interest rates and growth stocks
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- ToTheMOON:
  Agree
  2021-03-19
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JEFFJOEH1
·2021-03-19
Tonight Fri = Quadruple Witching Day ＋VIX bottom up + Profit Take Day + Day fund manager reshuffle the stock portfolio Inflation Rate + Interest Rate + Bond Yield keep SPIKE Market unstable + Indicator downturn My advise was just bcareful Kim Iskyan : Don't catch the falling knife Better earn less rather than loss more Be SAFE rather than SORRY 😉
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In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.More damage in high-growth stocksTo be clear, Thursday's declines weren't monumental by themselves.Tesla (NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre (NASDAQ:MELI) saw a 6.6% slump, while Zoom Video Communications (NASDAQ:ZM) lost 6% and Atlassian (NASDAQ:TEAM) took a 6.3% hit.However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.What the Fed has to do with high-growth stocksIt might seem as though the Federal Reserve's actions wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.Seize the opportunityFor long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.","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,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":350857371,"gmtCreate":1616194283893,"gmtModify":1631888036479,"author":{"id":"3567307840510045","authorId":"3567307840510045","name":"JeremyKok","avatar":"https://static.tigerbbs.com/01b03a485f83b6b2615fad8ac9b87bf4","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3567307840510045","authorIdStr":"3567307840510045"},"htmlText":"Tech stock may fall again next week. Prepare your spare cash to buy more tech stocks like Microsoft, IBM, Adobe etc.","listText":"Tech stock may fall again next week. Prepare your spare cash to buy more tech stocks like Microsoft, IBM, Adobe etc.","text":"Tech stock may fall again next week. Prepare your spare cash to buy more tech stocks like Microsoft, IBM, Adobe etc.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/350857371","repostId":1193357878,"repostType":4,"repost":{"id":"1193357878","kind":"news","pubTimestamp":1616122423,"share":"https://www.laohu8.com/m/news/1193357878?lang=zh_CN&edition=full","pubTime":"2021-03-19 10:53","market":"us","language":"en","title":"Why Are the Nasdaq's Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193357878","media":" Motley Fool","summary":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market","content":"The answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\n Motley Fool2021-03-19 10:53\n\n</h4>\n</header>\n<article>\nThe answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/\"> 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":{"TSLA":"特斯拉","ZM":"Zoom",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193357878","content_text":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.More damage in high-growth stocksTo be clear, Thursday's declines weren't monumental by themselves.Tesla (NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre (NASDAQ:MELI) saw a 6.6% slump, while Zoom Video Communications (NASDAQ:ZM) lost 6% and Atlassian (NASDAQ:TEAM) took a 6.3% hit.However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.What the Fed has to do with high-growth stocksIt might seem as though the Federal Reserve's actions wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.Seize the opportunityFor long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"TSLA":0.9,"ZM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":350991827,"gmtCreate":1616146081169,"gmtModify":1634527010850,"author":{"id":"3578376425656848","authorId":"3578376425656848","name":"Suenwins","avatar":"https://static.tigerbbs.com/5a950b9636881861dd218934bc6588a8","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3578376425656848","authorIdStr":"3578376425656848"},"htmlText":"Well, what I expected to happen yesterday happened only on today. The wall street investors woke up and finally realised the&nbsp;dovish stance and the announcement doesn’t fit perfectly to their thought and boom here you go the market in blood.Let’s wait, it&nbsp;is quadruple witching day on Friday! From the past record, the increased volume on this day doesnt necessarily related to the price movement. What is the plan for the institution or big investors? Did they just create panic selling so they could buy the dip or did it really show some bad signal?","listText":"Well, what I expected to happen yesterday happened only on today. The wall street investors woke up and finally realised the&nbsp;dovish stance and the announcement doesn’t fit perfectly to their thought and boom here you go the market in blood.Let’s wait, it&nbsp;is quadruple witching day on Friday! From the past record, the increased volume on this day doesnt necessarily related to the price movement. What is the plan for the institution or big investors? Did they just create panic selling so they could buy the dip or did it really show some bad signal?","text":"Well, what I expected to happen yesterday happened only on today. The wall street investors woke up and finally realised the dovish stance and the announcement doesn’t fit perfectly to their thought and boom here you go the market in blood.Let’s wait, it is quadruple witching day on Friday! From the past record, the increased volume on this day doesnt necessarily related to the price movement. What is the plan for the institution or big investors? Did they just create panic selling so they could buy the dip or did it really show some bad signal?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/350991827","repostId":1193357878,"repostType":4,"repost":{"id":"1193357878","kind":"news","pubTimestamp":1616122423,"share":"https://www.laohu8.com/m/news/1193357878?lang=zh_CN&edition=full","pubTime":"2021-03-19 10:53","market":"us","language":"en","title":"Why Are the Nasdaq's Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193357878","media":" Motley Fool","summary":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market","content":"The answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\n Motley Fool2021-03-19 10:53\n\n</h4>\n</header>\n<article>\nThe answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/\"> 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":{"TSLA":"特斯拉","ZM":"Zoom",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193357878","content_text":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.More damage in high-growth stocksTo be clear, Thursday's declines weren't monumental by themselves.Tesla (NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre (NASDAQ:MELI) saw a 6.6% slump, while Zoom Video Communications (NASDAQ:ZM) lost 6% and Atlassian (NASDAQ:TEAM) took a 6.3% hit.However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.What the Fed has to do with high-growth stocksIt might seem as though the Federal Reserve's actions wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.Seize the opportunityFor long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"TSLA":0.9,"ZM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":350990465,"gmtCreate":1616145845257,"gmtModify":1634527012617,"author":{"id":"3559824795366750","authorId":"3559824795366750","name":"Kiteflying","avatar":"https://static.tigerbbs.com/0c4e5c6dfeb378c0ccafe8d68fd396c2","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3559824795366750","authorIdStr":"3559824795366750"},"htmlText":"Buy the dip.&nbsp;","listText":"Buy the dip.&nbsp;","text":"Buy the dip.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/350990465","repostId":1193357878,"repostType":4,"repost":{"id":"1193357878","kind":"news","pubTimestamp":1616122423,"share":"https://www.laohu8.com/m/news/1193357878?lang=zh_CN&edition=full","pubTime":"2021-03-19 10:53","market":"us","language":"en","title":"Why Are the Nasdaq's Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193357878","media":" Motley Fool","summary":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market","content":"The answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\n Motley Fool2021-03-19 10:53\n\n</h4>\n</header>\n<article>\nThe answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/\"> 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":{"TSLA":"特斯拉","ZM":"Zoom",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193357878","content_text":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.More damage in high-growth stocksTo be clear, Thursday's declines weren't monumental by themselves.Tesla (NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre (NASDAQ:MELI) saw a 6.6% slump, while Zoom Video Communications (NASDAQ:ZM) lost 6% and Atlassian (NASDAQ:TEAM) took a 6.3% hit.However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.What the Fed has to do with high-growth stocksIt might seem as though the Federal Reserve's actions wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.Seize the opportunityFor long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"TSLA":0.9,"ZM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":350076328,"gmtCreate":1616144188264,"gmtModify":1634527020998,"author":{"id":"3556009150724705","authorId":"3556009150724705","name":"AzriTan","avatar":"https://static.tigerbbs.com/fc2dd3815c5b541b203633cd6793d099","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3556009150724705","authorIdStr":"3556009150724705"},"htmlText":"Believe in Tesla!","listText":"Believe in Tesla!","text":"Believe in Tesla!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/350076328","repostId":1193357878,"repostType":2,"repost":{"id":"1193357878","kind":"news","pubTimestamp":1616122423,"share":"https://www.laohu8.com/m/news/1193357878?lang=zh_CN&edition=full","pubTime":"2021-03-19 10:53","market":"us","language":"en","title":"Why Are the Nasdaq's Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193357878","media":" Motley Fool","summary":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market","content":"The answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\n Motley Fool2021-03-19 10:53\n\n</h4>\n</header>\n<article>\nThe answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/\"> 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":{"TSLA":"特斯拉","ZM":"Zoom",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193357878","content_text":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.More damage in high-growth stocksTo be clear, Thursday's declines weren't monumental by themselves.Tesla (NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre (NASDAQ:MELI) saw a 6.6% slump, while Zoom Video Communications (NASDAQ:ZM) lost 6% and Atlassian (NASDAQ:TEAM) took a 6.3% hit.However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.What the Fed has to do with high-growth stocksIt might seem as though the Federal Reserve's actions wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.Seize the opportunityFor long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"TSLA":0.9,"ZM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3834686,"gmtCreate":1616144210863,"gmtModify":1635752198753,"authorId":3575769796360828,"author":{"id":3575769796360828,"idStr":"3575769796360828","authorId":3575769796360828,"name":"sgric","avatar":"https://static.tigerbbs.com/198d8594ee7383133c0f7a33a9a49909","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":350076328,"type":1,"supId":0,"prevId":0,"content":"like and follow","text":"like and follow","html":"like and follow"}],"langContent":"EN"},{"id":350051302,"gmtCreate":1616141879006,"gmtModify":1634527032647,"author":{"id":"3569805243820041","authorId":"3569805243820041","name":"mcwood","avatar":"https://static.tigerbbs.com/899c12565f32e74966bd8f5ceac09f7c","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3569805243820041","authorIdStr":"3569805243820041"},"htmlText":"[流泪]&nbsp;","listText":"[流泪]&nbsp;","text":"[流泪]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/350051302","repostId":1193357878,"repostType":4,"repost":{"id":"1193357878","kind":"news","pubTimestamp":1616122423,"share":"https://www.laohu8.com/m/news/1193357878?lang=zh_CN&edition=full","pubTime":"2021-03-19 10:53","market":"us","language":"en","title":"Why Are the Nasdaq's Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193357878","media":" Motley Fool","summary":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market","content":"The answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\n Motley Fool2021-03-19 10:53\n\n</h4>\n</header>\n<article>\nThe answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/\"> 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":{"TSLA":"特斯拉","ZM":"Zoom",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193357878","content_text":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.More damage in high-growth stocksTo be clear, Thursday's declines weren't monumental by themselves.Tesla (NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre (NASDAQ:MELI) saw a 6.6% slump, while Zoom Video Communications (NASDAQ:ZM) lost 6% and Atlassian (NASDAQ:TEAM) took a 6.3% hit.However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.What the Fed has to do with high-growth stocksIt might seem as though the Federal Reserve's actions wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.Seize the opportunityFor long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"TSLA":0.9,"ZM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":350030186,"gmtCreate":1616134842845,"gmtModify":1634527057043,"author":{"id":"3573390365123336","authorId":"3573390365123336","name":"GoodLife25","avatar":"https://static.tigerbbs.com/93bc72ed8ecc035497d64dcad3dcf3d8","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3573390365123336","authorIdStr":"3573390365123336"},"htmlText":"Buy the stocks where u believe &amp; confident&nbsp;with&nbsp;company's future growth which give u are clear qbout it vision&nbsp;if with long hold investment. Not promoting Tesla here, but when chip problem solve later, it may help to lifted &amp; speed up the&nbsp;production with even better growth, just an example.","listText":"Buy the stocks where u believe &amp; confident&nbsp;with&nbsp;company's future growth which give u are clear qbout it vision&nbsp;if with long hold investment. Not promoting Tesla here, but when chip problem solve later, it may help to lifted &amp; speed up the&nbsp;production with even better growth, just an example.","text":"Buy the stocks where u believe & confident with company's future growth which give u are clear qbout it vision if with long hold investment. Not promoting Tesla here, but when chip problem solve later, it may help to lifted & speed up the production with even better growth, just an example.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/350030186","repostId":1193357878,"repostType":2,"repost":{"id":"1193357878","kind":"news","pubTimestamp":1616122423,"share":"https://www.laohu8.com/m/news/1193357878?lang=zh_CN&edition=full","pubTime":"2021-03-19 10:53","market":"us","language":"en","title":"Why Are the Nasdaq's Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193357878","media":" Motley Fool","summary":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market","content":"The answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\n Motley Fool2021-03-19 10:53\n\n</h4>\n</header>\n<article>\nThe answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/\"> 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":{"TSLA":"特斯拉","ZM":"Zoom",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193357878","content_text":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.More damage in high-growth stocksTo be clear, Thursday's declines weren't monumental by themselves.Tesla (NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre (NASDAQ:MELI) saw a 6.6% slump, while Zoom Video Communications (NASDAQ:ZM) lost 6% and Atlassian (NASDAQ:TEAM) took a 6.3% hit.However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.What the Fed has to do with high-growth stocksIt might seem as though the Federal Reserve's actions wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.Seize the opportunityFor long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"TSLA":0.9,"ZM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3834538,"gmtCreate":1616142919293,"gmtModify":1635752206924,"authorId":3569472732355155,"author":{"id":3569472732355155,"idStr":"3569472732355155","authorId":3569472732355155,"name":"GavinTan138","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":350030186,"type":1,"supId":0,"prevId":0,"content":"Be confident in the company andbhuy more","text":"Be confident in the company andbhuy more","html":"Be confident in the company andbhuy more"}],"langContent":"EN"},{"id":350093399,"gmtCreate":1616133722511,"gmtModify":1634527060750,"author":{"id":"3554958921608603","authorId":"3554958921608603","name":"AS78","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3554958921608603","authorIdStr":"3554958921608603"},"htmlText":"Informative","listText":"Informative","text":"Informative","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/350093399","repostId":1193357878,"repostType":4,"repost":{"id":"1193357878","kind":"news","pubTimestamp":1616122423,"share":"https://www.laohu8.com/m/news/1193357878?lang=zh_CN&edition=full","pubTime":"2021-03-19 10:53","market":"us","language":"en","title":"Why Are the Nasdaq's Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193357878","media":" Motley Fool","summary":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market","content":"The answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\n Motley Fool2021-03-19 10:53\n\n</h4>\n</header>\n<article>\nThe answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/\"> 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":{"TSLA":"特斯拉","ZM":"Zoom",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193357878","content_text":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.More damage in high-growth stocksTo be clear, Thursday's declines weren't monumental by themselves.Tesla (NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre (NASDAQ:MELI) saw a 6.6% slump, while Zoom Video Communications (NASDAQ:ZM) lost 6% and Atlassian (NASDAQ:TEAM) took a 6.3% hit.However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.What the Fed has to do with high-growth stocksIt might seem as though the Federal Reserve's actions wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.Seize the opportunityFor long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"TSLA":0.9,"ZM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":350004687,"gmtCreate":1616133231049,"gmtModify":1634527062471,"author":{"id":"3574484198588936","authorId":"3574484198588936","name":"Eaglewings","avatar":"https://static.tigerbbs.com/532f4e45cb093f21d9a38905184a4bb9","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3574484198588936","authorIdStr":"3574484198588936"},"htmlText":"This narrative is old school. Both value and growth companies with the right value propositions will last and make an impact.&nbsp;","listText":"This narrative is old school. Both value and growth companies with the right value propositions will last and make an impact.&nbsp;","text":"This narrative is old school. Both value and growth companies with the right value propositions will last and make an impact.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/350004687","repostId":1193357878,"repostType":4,"repost":{"id":"1193357878","kind":"news","pubTimestamp":1616122423,"share":"https://www.laohu8.com/m/news/1193357878?lang=zh_CN&edition=full","pubTime":"2021-03-19 10:53","market":"us","language":"en","title":"Why Are the Nasdaq's Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193357878","media":" Motley Fool","summary":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market","content":"The answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\n Motley Fool2021-03-19 10:53\n\n</h4>\n</header>\n<article>\nThe answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/\"> 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":{"TSLA":"特斯拉","ZM":"Zoom",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193357878","content_text":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.More damage in high-growth stocksTo be clear, Thursday's declines weren't monumental by themselves.Tesla (NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre (NASDAQ:MELI) saw a 6.6% slump, while Zoom Video Communications (NASDAQ:ZM) lost 6% and Atlassian (NASDAQ:TEAM) took a 6.3% hit.However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.What the Fed has to do with high-growth stocksIt might seem as though the Federal Reserve's actions wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.Seize the opportunityFor long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"TSLA":0.9,"ZM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":350002725,"gmtCreate":1616132963567,"gmtModify":1616133680168,"author":{"id":"3577580366301047","authorId":"3577580366301047","name":"Lifestyle","avatar":"https://static.tigerbbs.com/f4d6b8a93bb67c48d769484626037d6e","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3577580366301047","authorIdStr":"3577580366301047"},"htmlText":"Just a technical correction and it’s healthy for the tech sector before it can climb even higher! The bulls will strengthen and bring all other industries up higher. Always buy when there is a dip and hold for strong conviction companies. They will bring disruptions in the future and some value companies will fail. Looking back you will see how cheap back then. DCA is still the best strategy riding out the storm in the long run 😉","listText":"Just a technical correction and it’s healthy for the tech sector before it can climb even higher! The bulls will strengthen and bring all other industries up higher. Always buy when there is a dip and hold for strong conviction companies. They will bring disruptions in the future and some value companies will fail. Looking back you will see how cheap back then. DCA is still the best strategy riding out the storm in the long run 😉","text":"Just a technical correction and it’s healthy for the tech sector before it can climb even higher! The bulls will strengthen and bring all other industries up higher. Always buy when there is a dip and hold for strong conviction companies. They will bring disruptions in the future and some value companies will fail. Looking back you will see how cheap back then. DCA is still the best strategy riding out the storm in the long run 😉","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/350002725","repostId":1193357878,"repostType":4,"repost":{"id":"1193357878","kind":"news","pubTimestamp":1616122423,"share":"https://www.laohu8.com/m/news/1193357878?lang=zh_CN&edition=full","pubTime":"2021-03-19 10:53","market":"us","language":"en","title":"Why Are the Nasdaq's Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193357878","media":" Motley Fool","summary":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market","content":"The answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\n Motley Fool2021-03-19 10:53\n\n</h4>\n</header>\n<article>\nThe answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/\"> 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":{"TSLA":"特斯拉","ZM":"Zoom",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193357878","content_text":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.More damage in high-growth stocksTo be clear, Thursday's declines weren't monumental by themselves.Tesla (NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre (NASDAQ:MELI) saw a 6.6% slump, while Zoom Video Communications (NASDAQ:ZM) lost 6% and Atlassian (NASDAQ:TEAM) took a 6.3% hit.However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.What the Fed has to do with high-growth stocksIt might seem as though the Federal Reserve's actions wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.Seize the opportunityFor long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"TSLA":0.9,"ZM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3834690,"gmtCreate":1616144248547,"gmtModify":1635752198509,"authorId":3575769796360828,"author":{"id":3575769796360828,"idStr":"3575769796360828","authorId":3575769796360828,"name":"sgric","avatar":"https://static.tigerbbs.com/198d8594ee7383133c0f7a33a9a49909","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":350002725,"type":1,"supId":0,"prevId":0,"content":"prices are temporary as there are no changes to the company fundamentals","text":"prices are temporary as there are no changes to the company fundamentals","html":"prices are temporary as there are no changes to the company fundamentals"}],"langContent":"EN"},{"id":350001229,"gmtCreate":1616132472661,"gmtModify":1616132472661,"author":{"id":"3568769977321272","authorId":"3568769977321272","name":"mark01bravz","avatar":"https://static.tigerbbs.com/a5b7674da5bdda08c302399c7d276a6c","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3568769977321272","authorIdStr":"3568769977321272"},"htmlText":"Black friday again !","listText":"Black friday again !","text":"Black friday again !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/350001229","repostId":1193357878,"repostType":4,"repost":{"id":"1193357878","kind":"news","pubTimestamp":1616122423,"share":"https://www.laohu8.com/m/news/1193357878?lang=zh_CN&edition=full","pubTime":"2021-03-19 10:53","market":"us","language":"en","title":"Why Are the Nasdaq's Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193357878","media":" Motley Fool","summary":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market","content":"The answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\n Motley Fool2021-03-19 10:53\n\n</h4>\n</header>\n<article>\nThe answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/\"> 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":{"TSLA":"特斯拉","ZM":"Zoom",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193357878","content_text":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.More damage in high-growth stocksTo be clear, Thursday's declines weren't monumental by themselves.Tesla (NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre (NASDAQ:MELI) saw a 6.6% slump, while Zoom Video Communications (NASDAQ:ZM) lost 6% and Atlassian (NASDAQ:TEAM) took a 6.3% hit.However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.What the Fed has to do with high-growth stocksIt might seem as though the Federal Reserve's actions wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.Seize the opportunityFor long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"TSLA":0.9,"ZM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":327745889,"gmtCreate":1616130410441,"gmtModify":1634527074726,"author":{"id":"3576631507527148","authorId":"3576631507527148","name":"Cheria","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3576631507527148","authorIdStr":"3576631507527148"},"htmlText":"If keeping for long term, it’s a good time to buy and hold.","listText":"If keeping for long term, it’s a good time to buy and hold.","text":"If keeping for long term, it’s a good time to buy and hold.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/327745889","repostId":1193357878,"repostType":4,"repost":{"id":"1193357878","kind":"news","pubTimestamp":1616122423,"share":"https://www.laohu8.com/m/news/1193357878?lang=zh_CN&edition=full","pubTime":"2021-03-19 10:53","market":"us","language":"en","title":"Why Are the Nasdaq's Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193357878","media":" Motley Fool","summary":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market","content":"The answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\n Motley Fool2021-03-19 10:53\n\n</h4>\n</header>\n<article>\nThe answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/\"> 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":{"TSLA":"特斯拉","ZM":"Zoom",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193357878","content_text":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.More damage in high-growth stocksTo be clear, Thursday's declines weren't monumental by themselves.Tesla (NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre (NASDAQ:MELI) saw a 6.6% slump, while Zoom Video Communications (NASDAQ:ZM) lost 6% and Atlassian (NASDAQ:TEAM) took a 6.3% hit.However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.What the Fed has to do with high-growth stocksIt might seem as though the Federal Reserve's actions wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.Seize the opportunityFor long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"TSLA":0.9,"ZM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":327741844,"gmtCreate":1616129831488,"gmtModify":1634527077198,"author":{"id":"3578013556091593","authorId":"3578013556091593","name":"shiba","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3578013556091593","authorIdStr":"3578013556091593"},"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/327741844","repostId":1193357878,"repostType":4,"repost":{"id":"1193357878","kind":"news","pubTimestamp":1616122423,"share":"https://www.laohu8.com/m/news/1193357878?lang=zh_CN&edition=full","pubTime":"2021-03-19 10:53","market":"us","language":"en","title":"Why Are the Nasdaq's Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193357878","media":" Motley Fool","summary":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market","content":"The answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\n Motley Fool2021-03-19 10:53\n\n</h4>\n</header>\n<article>\nThe answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/\"> 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":{"TSLA":"特斯拉","ZM":"Zoom",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193357878","content_text":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.More damage in high-growth stocksTo be clear, Thursday's declines weren't monumental by themselves.Tesla (NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre (NASDAQ:MELI) saw a 6.6% slump, while Zoom Video Communications (NASDAQ:ZM) lost 6% and Atlassian (NASDAQ:TEAM) took a 6.3% hit.However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.What the Fed has to do with high-growth stocksIt might seem as though the Federal Reserve's actions wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.Seize the opportunityFor long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"TSLA":0.9,"ZM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":327743260,"gmtCreate":1616129753450,"gmtModify":1634527077784,"author":{"id":"3573721035000918","authorId":"3573721035000918","name":"Gallop","avatar":"https://static.tigerbbs.com/dd276d27bcce910a213980ca1e5f5592","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3573721035000918","authorIdStr":"3573721035000918"},"htmlText":"Sinking deeper and deeper","listText":"Sinking deeper and deeper","text":"Sinking deeper and deeper","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/327743260","repostId":1193357878,"repostType":4,"repost":{"id":"1193357878","kind":"news","pubTimestamp":1616122423,"share":"https://www.laohu8.com/m/news/1193357878?lang=zh_CN&edition=full","pubTime":"2021-03-19 10:53","market":"us","language":"en","title":"Why Are the Nasdaq's Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193357878","media":" Motley Fool","summary":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market","content":"The answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\n Motley Fool2021-03-19 10:53\n\n</h4>\n</header>\n<article>\nThe answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/\"> 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":{"TSLA":"特斯拉","ZM":"Zoom",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193357878","content_text":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.More damage in high-growth stocksTo be clear, Thursday's declines weren't monumental by themselves.Tesla (NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre (NASDAQ:MELI) saw a 6.6% slump, while Zoom Video Communications (NASDAQ:ZM) lost 6% and Atlassian (NASDAQ:TEAM) took a 6.3% hit.However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.What the Fed has to do with high-growth stocksIt might seem as though the Federal Reserve's actions wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.Seize the opportunityFor long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"TSLA":0.9,"ZM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":327757720,"gmtCreate":1616129475460,"gmtModify":1634527079792,"author":{"id":"3566259831309087","authorId":"3566259831309087","name":"Sumei","avatar":"https://static.tigerbbs.com/ae0a2af1baf6b07a87ffdf41ea17959a","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3566259831309087","authorIdStr":"3566259831309087"},"htmlText":"Good time to pick up growth shares if you have spare cash...&nbsp;","listText":"Good time to pick up growth shares if you have spare cash...&nbsp;","text":"Good time to pick up growth shares if you have spare cash...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/327757720","repostId":1193357878,"repostType":4,"repost":{"id":"1193357878","kind":"news","pubTimestamp":1616122423,"share":"https://www.laohu8.com/m/news/1193357878?lang=zh_CN&edition=full","pubTime":"2021-03-19 10:53","market":"us","language":"en","title":"Why Are the Nasdaq's Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193357878","media":" Motley Fool","summary":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market","content":"The answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\n Motley Fool2021-03-19 10:53\n\n</h4>\n</header>\n<article>\nThe answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/\"> 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":{"TSLA":"特斯拉","ZM":"Zoom",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193357878","content_text":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.More damage in high-growth stocksTo be clear, Thursday's declines weren't monumental by themselves.Tesla (NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre (NASDAQ:MELI) saw a 6.6% slump, while Zoom Video Communications (NASDAQ:ZM) lost 6% and Atlassian (NASDAQ:TEAM) took a 6.3% hit.However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.What the Fed has to do with high-growth stocksIt might seem as though the Federal Reserve's actions wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.Seize the opportunityFor long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"TSLA":0.9,"ZM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3833489,"gmtCreate":1616129659475,"gmtModify":1635752272988,"authorId":3556969222862067,"author":{"id":3556969222862067,"idStr":"3556969222862067","authorId":3556969222862067,"name":"Leoneon8881","avatar":"https://static.tigerbbs.com/f538101c460b5f022a9dba30ce236442","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":327757720,"type":1,"supId":0,"prevId":0,"content":"👍🏻","text":"👍🏻","html":"👍🏻"},{"id":3833731,"gmtCreate":1616131900789,"gmtModify":1635752254842,"authorId":3574029017802033,"author":{"id":3574029017802033,"idStr":"3574029017802033","authorId":3574029017802033,"name":"kuehlapis","avatar":"https://static.tigerbbs.com/732ffeea71fc0732b84f029cc0e8263e","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":327757720,"type":1,"supId":0,"prevId":0,"content":"agreed!","text":"agreed!","html":"agreed!"},{"id":3833786,"gmtCreate":1616132523987,"gmtModify":1635752251359,"authorId":3575509965500620,"author":{"id":3575509965500620,"idStr":"3575509965500620","authorId":3575509965500620,"name":"Khay","avatar":"https://static.tigerbbs.com/7697911666e72aa44cf5e42a7288913f","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":327757720,"type":1,"supId":0,"prevId":0,"content":"why is there so many mixed news that's so confusing... On one hand it's telling u to move into value stocks instead of tech, and on the other hand, if talks about buying growth stock. So what's good?","text":"why is there so many mixed news that's so confusing... On one hand it's telling u to move into value stocks instead of tech, and on the other hand, if talks about buying growth stock. So what's good?","html":"why is there so many mixed news that's so confusing... On one hand it's telling u to move into value stocks instead of tech, and on the other hand, if talks about buying growth stock. So what's good?"},{"id":3834087,"gmtCreate":1616136894158,"gmtModify":1635752233660,"authorId":3566259831309087,"author":{"id":3566259831309087,"idStr":"3566259831309087","authorId":3566259831309087,"name":"Sumei","avatar":"https://static.tigerbbs.com/ae0a2af1baf6b07a87ffdf41ea17959a","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":327757720,"type":1,"supId":0,"prevId":0,"content":"I think there is a rotatIon into value stocks since it was beaten down during the pandemic. So to me the time to buy value was in December/January.","text":"I think there is a rotatIon into value stocks since it was beaten down during the pandemic. So to me the time to buy value was in December/January.","html":"I think there is a rotatIon into value stocks since it was beaten down during the pandemic. So to me the time to buy value was in December/January."},{"id":3834090,"gmtCreate":1616136925416,"gmtModify":1635752233540,"authorId":3566259831309087,"author":{"id":3566259831309087,"idStr":"3566259831309087","authorId":3566259831309087,"name":"Sumei","avatar":"https://static.tigerbbs.com/ae0a2af1baf6b07a87ffdf41ea17959a","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":327757720,"type":1,"supId":3833786,"prevId":0,"content":"Right now tech has dropped significantly so I think they are better value. It might dip further but if you keep long term, i think its ok to buy small amounts of good fundamental tech shares. ","text":"Right now tech has dropped significantly so I think they are better value. It might dip further but if you keep long term, i think its ok to buy small amounts of good fundamental tech shares. ","html":"Right now tech has dropped significantly so I think they are better value. It might dip further but if you keep long term, i think its ok to buy small amounts of good fundamental tech shares. "}],"langContent":"EN"},{"id":327752157,"gmtCreate":1616129197379,"gmtModify":1634527082629,"author":{"id":"3576462187032185","authorId":"3576462187032185","name":"SQ88","avatar":"https://static.tigerbbs.com/cf99ec93e734dec47742eafaf27c55d6","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3576462187032185","authorIdStr":"3576462187032185"},"htmlText":"investor will still confident with their choices...&nbsp;","listText":"investor will still confident with their choices...&nbsp;","text":"investor will still confident with their choices...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/327752157","repostId":1193357878,"repostType":4,"repost":{"id":"1193357878","kind":"news","pubTimestamp":1616122423,"share":"https://www.laohu8.com/m/news/1193357878?lang=zh_CN&edition=full","pubTime":"2021-03-19 10:53","market":"us","language":"en","title":"Why Are the Nasdaq's Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193357878","media":" Motley Fool","summary":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market","content":"The answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\n Motley Fool2021-03-19 10:53\n\n</h4>\n</header>\n<article>\nThe answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/\"> 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":{"TSLA":"特斯拉","ZM":"Zoom",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193357878","content_text":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.More damage in high-growth stocksTo be clear, Thursday's declines weren't monumental by themselves.Tesla (NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre (NASDAQ:MELI) saw a 6.6% slump, while Zoom Video Communications (NASDAQ:ZM) lost 6% and Atlassian (NASDAQ:TEAM) took a 6.3% hit.However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.What the Fed has to do with high-growth stocksIt might seem as though the Federal Reserve's actions wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.Seize the opportunityFor long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"TSLA":0.9,"ZM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":327753068,"gmtCreate":1616128723054,"gmtModify":1634527085430,"author":{"id":"3565663543754207","authorId":"3565663543754207","name":"och","avatar":"https://static.tigerbbs.com/1c195b2a32a90ae2210984600e352644","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3565663543754207","authorIdStr":"3565663543754207"},"htmlText":"Buy more![财迷]&nbsp;","listText":"Buy more![财迷]&nbsp;","text":"Buy more![财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/327753068","repostId":1193357878,"repostType":4,"repost":{"id":"1193357878","kind":"news","pubTimestamp":1616122423,"share":"https://www.laohu8.com/m/news/1193357878?lang=zh_CN&edition=full","pubTime":"2021-03-19 10:53","market":"us","language":"en","title":"Why Are the Nasdaq's Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193357878","media":" Motley Fool","summary":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market","content":"The answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\n Motley Fool2021-03-19 10:53\n\n</h4>\n</header>\n<article>\nThe answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/\"> 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":{"TSLA":"特斯拉","ZM":"Zoom",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193357878","content_text":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.More damage in high-growth stocksTo be clear, Thursday's declines weren't monumental by themselves.Tesla (NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre (NASDAQ:MELI) saw a 6.6% slump, while Zoom Video Communications (NASDAQ:ZM) lost 6% and Atlassian (NASDAQ:TEAM) took a 6.3% hit.However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.What the Fed has to do with high-growth stocksIt might seem as though the Federal Reserve's actions wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.Seize the opportunityFor long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"TSLA":0.9,"ZM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3833493,"gmtCreate":1616129666761,"gmtModify":1635752272626,"authorId":3556969222862067,"author":{"id":3556969222862067,"idStr":"3556969222862067","authorId":3556969222862067,"name":"Leoneon8881","avatar":"https://static.tigerbbs.com/f538101c460b5f022a9dba30ce236442","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":327753068,"type":1,"supId":0,"prevId":0,"content":"👍🏻","text":"👍🏻","html":"👍🏻"}],"langContent":"CN"},{"id":327727484,"gmtCreate":1616128534648,"gmtModify":1634527087166,"author":{"id":"3566244878628904","authorId":"3566244878628904","name":"Wallstrtbets","avatar":"https://static.tigerbbs.com/6c38bbee1121ea92508ad9508fa15c5e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3566244878628904","authorIdStr":"3566244878628904"},"htmlText":"Technical correction, not fundamental.","listText":"Technical correction, not fundamental.","text":"Technical correction, not fundamental.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/327727484","repostId":1193357878,"repostType":4,"repost":{"id":"1193357878","kind":"news","pubTimestamp":1616122423,"share":"https://www.laohu8.com/m/news/1193357878?lang=zh_CN&edition=full","pubTime":"2021-03-19 10:53","market":"us","language":"en","title":"Why Are the Nasdaq's Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193357878","media":" Motley Fool","summary":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market","content":"The answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\n Motley Fool2021-03-19 10:53\n\n</h4>\n</header>\n<article>\nThe answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/\"> 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":{"TSLA":"特斯拉","ZM":"Zoom",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193357878","content_text":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.More damage in high-growth stocksTo be clear, Thursday's declines weren't monumental by themselves.Tesla (NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre (NASDAQ:MELI) saw a 6.6% slump, while Zoom Video Communications (NASDAQ:ZM) lost 6% and Atlassian (NASDAQ:TEAM) took a 6.3% hit.However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.What the Fed has to do with high-growth stocksIt might seem as though the Federal Reserve's actions wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.Seize the opportunityFor long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"TSLA":0.9,"ZM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":327727568,"gmtCreate":1616128533254,"gmtModify":1634527087287,"author":{"id":"3574595664255534","authorId":"3574595664255534","name":"Sogon","avatar":"https://static.tigerbbs.com/5f976e066a7b05d035ba174a06f3d8eb","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3574595664255534","authorIdStr":"3574595664255534"},"htmlText":"Great explanation&nbsp;","listText":"Great explanation&nbsp;","text":"Great explanation","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/327727568","repostId":1193357878,"repostType":4,"repost":{"id":"1193357878","kind":"news","pubTimestamp":1616122423,"share":"https://www.laohu8.com/m/news/1193357878?lang=zh_CN&edition=full","pubTime":"2021-03-19 10:53","market":"us","language":"en","title":"Why Are the Nasdaq's Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193357878","media":" Motley Fool","summary":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market","content":"The answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\n Motley Fool2021-03-19 10:53\n\n</h4>\n</header>\n<article>\nThe answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/\"> 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":{"TSLA":"特斯拉","ZM":"Zoom",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193357878","content_text":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.More damage in high-growth stocksTo be clear, Thursday's declines weren't monumental by themselves.Tesla (NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre (NASDAQ:MELI) saw a 6.6% slump, while Zoom Video Communications (NASDAQ:ZM) lost 6% and Atlassian (NASDAQ:TEAM) took a 6.3% hit.However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.What the Fed has to do with high-growth stocksIt might seem as though the Federal Reserve's actions wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.Seize the opportunityFor long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"TSLA":0.9,"ZM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":327724409,"gmtCreate":1616128425001,"gmtModify":1631893217536,"author":{"id":"3558572375470295","authorId":"3558572375470295","name":"StockJunior","avatar":"https://static.tigerbbs.com/190811eb4af38bf9adc519e9daf6b1a6","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3558572375470295","authorIdStr":"3558572375470295"},"htmlText":"Excellent read that explains the relationship between raising interest rates and growth stocks","listText":"Excellent read that explains the relationship between raising interest rates and growth stocks","text":"Excellent read that explains the relationship between raising interest rates and growth stocks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/327724409","repostId":1193357878,"repostType":4,"repost":{"id":"1193357878","kind":"news","pubTimestamp":1616122423,"share":"https://www.laohu8.com/m/news/1193357878?lang=zh_CN&edition=full","pubTime":"2021-03-19 10:53","market":"us","language":"en","title":"Why Are the Nasdaq's Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193357878","media":" Motley Fool","summary":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market","content":"The answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\n Motley Fool2021-03-19 10:53\n\n</h4>\n</header>\n<article>\nThe answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/\"> 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":{"TSLA":"特斯拉","ZM":"Zoom",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193357878","content_text":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.More damage in high-growth stocksTo be clear, Thursday's declines weren't monumental by themselves.Tesla (NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre (NASDAQ:MELI) saw a 6.6% slump, while Zoom Video Communications (NASDAQ:ZM) lost 6% and Atlassian (NASDAQ:TEAM) took a 6.3% hit.However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.What the Fed has to do with high-growth stocksIt might seem as though the Federal Reserve's actions wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.Seize the opportunityFor long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"TSLA":0.9,"ZM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3833373,"gmtCreate":1616128441785,"gmtModify":1631893217541,"authorId":3576212227172632,"author":{"id":3576212227172632,"idStr":"3576212227172632","authorId":3576212227172632,"name":"ToTheMOON","avatar":"https://static.tigerbbs.com/7769f4b8d26aa1903d8784e79b05b4df","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":327724409,"type":1,"supId":0,"prevId":0,"content":"Agree","text":"Agree","html":"Agree"}],"langContent":"EN"},{"id":327724285,"gmtCreate":1616128397847,"gmtModify":1634527088083,"author":{"id":"3575455475613943","authorId":"3575455475613943","name":"JEFFJOEH1","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575455475613943","authorIdStr":"3575455475613943"},"htmlText":"Tonight Fri = Quadruple Witching Day ＋VIX bottom up + Profit Take Day + Day fund manager reshuffle the stock portfolio&nbsp;Inflation Rate + Interest Rate + Bond Yield keep SPIKE&nbsp;Market unstable + Indicator downturn&nbsp;My advise was just bcareful&nbsp;Kim Iskyan : Don't catch the falling knife&nbsp;Better earn less rather than loss more&nbsp;Be SAFE rather than SORRY 😉","listText":"Tonight Fri = Quadruple Witching Day ＋VIX bottom up + Profit Take Day + Day fund manager reshuffle the stock portfolio&nbsp;Inflation Rate + Interest Rate + Bond Yield keep SPIKE&nbsp;Market unstable + Indicator downturn&nbsp;My advise was just bcareful&nbsp;Kim Iskyan : Don't catch the falling knife&nbsp;Better earn less rather than loss more&nbsp;Be SAFE rather than SORRY 😉","text":"Tonight Fri = Quadruple Witching Day ＋VIX bottom up + Profit Take Day + Day fund manager reshuffle the stock portfolio Inflation Rate + Interest Rate + Bond Yield keep SPIKE Market unstable + Indicator downturn My advise was just bcareful Kim Iskyan : Don't catch the falling knife Better earn less rather than loss more Be SAFE rather than SORRY 😉","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/327724285","repostId":1193357878,"repostType":4,"repost":{"id":"1193357878","kind":"news","pubTimestamp":1616122423,"share":"https://www.laohu8.com/m/news/1193357878?lang=zh_CN&edition=full","pubTime":"2021-03-19 10:53","market":"us","language":"en","title":"Why Are the Nasdaq's Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193357878","media":" Motley Fool","summary":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market","content":"The answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</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 Highest-Growth Stocks Panicking About a Strong Economy?<blockquote>为什么纳斯达克增长最快的股票对强劲的经济感到恐慌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\n Motley Fool2021-03-19 10:53\n\n</h4>\n</header>\n<article>\nThe answer may lie in a simple concept.<blockquote>答案可能在于一个简单的概念。</blockquote>The&nbsp;Nasdaq Composite&nbsp;(NASDAQINDEX:^IXIC)&nbsp;was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.<blockquote>The纳斯达克复合材料（纳斯达克指数：^IXIC）在2020年的大部分时间里都是股市的领头羊，其涨幅远高于其他主要基准。特别是，尽管整体经济陷入衰退，但仍能保持良好表现的高增长股票成为大赢家，并为股东带来丰厚回报。</blockquote>However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.<blockquote>然而，这种说法最近发生了变化。周四，纳斯达克又下跌了3%，尽管其他基准指数处于或接近历史高位，但该指数仍进入回调区域。此外，尽管美联储主席Jerome Powell周三告诉投资者，经济似乎状况良好，但纳斯达克似乎正在下跌。</blockquote>There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing&nbsp;high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.<blockquote>对于这种明显的脱节，有一个可能的答案。如果投资者实际上关注的是一种对高增长股票估值的常见方式，那么美联储对经济走强可能带来的关键影响的漠不关心可能解释了这些股票股东近乎恐慌的原因。</blockquote>More damage in high-growth stocks<blockquote>高增长股票遭受更多损失</blockquote>To be clear, Thursday's declines weren't monumental by themselves.Tesla&nbsp;(NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre&nbsp;(NASDAQ:MELI)&nbsp;saw a 6.6% slump, while&nbsp;Zoom Video Communications&nbsp;(NASDAQ:ZM)&nbsp;lost 6% and&nbsp;Atlassian&nbsp;(NASDAQ:TEAM)&nbsp;took a 6.3% hit.<blockquote>需要明确的是，周四的跌幅本身并不巨大。特斯拉例如，（纳斯达克：TSLA）仅下跌7%。自由市场（纳斯达克：MELI）下跌6.6%，而Zoom Video通信公司（纳斯达克：ZM）下跌6%Atlassian（纳斯达克：团队）遭受了6.3%的打击。</blockquote>However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.<blockquote>然而，这些下跌只是这些股票以及许多类似股票的一系列下跌中的最新一起。特斯拉的股价比几个月前的历史高点低了约27%。Zoom已较去年年底的创纪录水平下跌了约46%。此举似乎揭示了人们对成长型股票股价是否上涨过快、过快的怀疑。</blockquote>What the Fed has to do with high-growth stocks<blockquote>美联储与高增长股票有什么关系</blockquote>It might seem as though the&nbsp;Federal Reserve's actions&nbsp;wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.<blockquote>美联储的行动似乎不一定会对高增长股票产生任何影响。投资者对这些公司的兴趣如此之高，以至于获得资本不是问题。他们中的许多人拥有足够的现金来度过未来的艰难时期，其中一些人甚至现金流为正，只需维持当前的业务水平就可以维持自己。</blockquote>However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.<blockquote>然而，最近由于通胀担忧而导致的利率上升令投资者感到不安。一个潜在的影响是，如果你根据一家公司未来财务业绩的贴现价值来评估其价值，那么较高的利率会使未来的业绩变得不那么有价值。在利率为零的情况下，从估值的角度来看，一家公司是现在赚钱还是五年后赚钱几乎无关紧要，低利率会奖励那些推迟现在较小利润以支持以后更大利润的公司。这是这些股票大幅上涨的基础。</blockquote>Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.<blockquote>更高的利率扭转了这一趋势。突然之间，公司将因现在而不是以后取得成果而获得奖励。需要数年时间才能发挥作用的公司的估值将受到打击。</blockquote>Seize the opportunity<blockquote>抓住机遇</blockquote>For long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.<blockquote>对于长期投资者来说，这实际上可能是个好消息。这将表明股价下跌并不是因为担心公司无法充分发挥潜力。相反，它只是降低了同样强劲的未来业绩的价值。</blockquote>If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.<blockquote>如果你能以折扣价获得同样强劲的业务，你应该抓住这个机会。这是长期投资者拥有的优势，现在是时候密切关注市场其他人正在放弃的一些股票了。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/\"> 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":{"TSLA":"特斯拉","ZM":"Zoom",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.fool.com/investing/2021/03/18/why-are-the-nasdaqs-highest-growth-stocks-panickin/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193357878","content_text":"The answer may lie in a simple concept.The Nasdaq Composite (NASDAQINDEX:^IXIC) was the stock market leader throughout most of 2020, powering ahead to much greater gains than its fellow major benchmarks. In particular, high-growth stocks that were able to hold up well despite the recessionary conditions in the broader economy stood out as big winners and rewarded their shareholders handsomely.However, that narrative has changed lately.on Thursday, the Nasdaq was down another 3%, building on losses that have taken the index into correction territory even as other benchmarks were at or near record highs. Moreover, it seems as though the Nasdaq is falling even though Fed chair Jerome Powell told investors Wednesday that the economy appeared to be in solid shape.There's one possible answer for this apparent disconnect. If investors are actually paying attention to a common way of valuing high-growth stocks, then the Fed's nonchalance about a key impact that a stronger economy could bring might explain the near-panic among shareholders of those stocks.More damage in high-growth stocksTo be clear, Thursday's declines weren't monumental by themselves.Tesla (NASDAQ:TSLA), for instance, was down just 7%.MercadoLibre (NASDAQ:MELI) saw a 6.6% slump, while Zoom Video Communications (NASDAQ:ZM) lost 6% and Atlassian (NASDAQ:TEAM) took a 6.3% hit.However, those declines are just the latest in a series of drops for these stocks and many like them. Tesla is trading about 27% lower than its all-time highs from just a couple months ago. Zoom has given up roughly 46% from its record levels late last year. The move seems to reveal skepticism about whether the growth stocks have seen their shares rise too far, too quickly.What the Fed has to do with high-growth stocksIt might seem as though the Federal Reserve's actions wouldn't necessarily have any impact on high-growth stocks. Investor interest in these companies has been so high that access to capital hasn't been a problem. Many of them have more than enough cash to make it through tough times in the future, and some of them are even cash-flow positive and can sustain themselves simply by maintaining current business levels.However, the recent rise in interest rates due to inflationary fears has been troubling to investors. One potential impact is that if you value a company based on the discounted value of its future financial results, then higher interest rates make the performance that comes further into the future less valuable. With rates at zero, it almost doesn't matter from a valuation standpoint whether a company makes money now or five years from now, and low rates reward companies that defer smaller profits now in favor of larger profits later. That's been the basis for the huge run-ups in these stocks.Higher interest rates reverse that trend. Suddenly, companies will get rewarded for producing results now rather than later. Valuations on companies that will take years to play out will take a hit.Seize the opportunityFor long-term investors, that actually might be good news. It would signal that the stock price declines aren't about fears that companies aren't going to be able to live up to their full potential. Rather, it just reduces the value put on those same strong future results.If you can get the same strong business at a discount, you should jump at the chance. That's the advantage long-term investors have, and now's the time to look closely at some of the stocks the rest of the market is giving up on.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"TSLA":0.9,"ZM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":119,"commentSize":41,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}