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kaiboon
kaiboon
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2021-10-15
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kaiboon
kaiboon
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2021-09-25
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kaiboon
kaiboon
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2021-09-18
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kaiboon
kaiboon
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2021-09-13
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US IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week<blockquote>美国IPO周：秋季IPO市场以10周IPO拉开帷幕</blockquote>
After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion i
US IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week<blockquote>美国IPO周：秋季IPO市场以10周IPO拉开帷幕</blockquote>
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kaiboon
kaiboon
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2021-09-09
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kaiboon
kaiboon
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2021-09-07
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SoFi Technologies: 4 Trades To Get In On Fintech's Growth<blockquote>SoFi Technologies：参与金融科技增长的4项交易</blockquote>
SoFi Technologies has recently issued mixed Q2 metrics, which put pressure on the shares The fintech
SoFi Technologies: 4 Trades To Get In On Fintech's Growth<blockquote>SoFi Technologies：参与金融科技增长的4项交易</blockquote>
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kaiboon
kaiboon
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2021-09-06
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GameStop, Moderna, Home Depot, Kroger, and Other Stocks for Investors to Watch This Week<blockquote>游戏驿站、Moderna、家得宝、克罗格等本周值得投资者关注的股票</blockquote>
U.S. stock and bond markets are closed on Monday for Labor Day. The holiday-shortened week then feat
GameStop, Moderna, Home Depot, Kroger, and Other Stocks for Investors to Watch This Week<blockquote>游戏驿站、Moderna、家得宝、克罗格等本周值得投资者关注的股票</blockquote>
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kaiboon
kaiboon
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2021-09-03
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Speak No Evil of the S&P 500’s Neverending Records<blockquote>不要说标普500永无止境的记录的坏话</blockquote>
Investors buying stocks no matter what shouldn’t fool themselves that the future will deliver the ch
Speak No Evil of the S&P 500’s Neverending Records<blockquote>不要说标普500永无止境的记录的坏话</blockquote>
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kaiboon
kaiboon
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2021-08-30
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kaiboon
kaiboon
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2021-08-29
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and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/888145395","repostId":"1189654544","repostType":4,"repost":{"id":"1189654544","kind":"news","pubTimestamp":1631406130,"share":"https://www.laohu8.com/m/news/1189654544?lang=zh_CN&edition=full","pubTime":"2021-09-12 08:22","market":"us","language":"en","title":"US IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week<blockquote>美国IPO周：秋季IPO市场以10周IPO拉开帷幕</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1189654544","media":"Renaissance Capital","summary":"After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion i","content":"<p>After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion in the week ahead.</p><p><blockquote>在短暂的假期周经历了一波发行之后，未来一周将有10起IPO计划筹集超过30亿美元的资金。</blockquote></p><p> Tech consultancy <b>Thoughtworks</b>(TWKS) plans to raise $700 million at a $6.3 billion market cap. This agile software developer provides premium, end-to-end digital strategy, design, and engineering services to more than 300 enterprise customers. The company grew revenue at a 14% CAGR from 2017 to 2020, and expanded margins in 2020 and the 1H21.</p><p><blockquote>技术咨询<b>Thoughtworks</b>(TWKS)计划以63亿美元的市值筹集7亿美元。这家敏捷软件开发商为300多家企业客户提供优质的端到端数字战略、设计和工程服务。从2017年到2020年，该公司的收入复合年增长率为14%，并在2020年和2021年上半年扩大了利润率。</blockquote></p><p> Swiss running shoe brand <b>On Holding</b>(ONON) plans to raise $591 million at a $5.9 billion market cap. On is a global provider of premium athletic footwear, apparel, and accessories that are designed using sustainable materials and its proprietary technology. The company has demonstrated growth and profitability, though it faces significant competition from other well-known sportswear brands.</p><p><blockquote>瑞士跑鞋品牌<b>持有时</b>(ONON)计划以59亿美元的市值筹集5.91亿美元。On是一家全球优质运动鞋、服装和配饰供应商，采用可持续材料及其专有技术设计。尽管面临来自其他知名运动服装品牌的激烈竞争，但该公司已展现出增长和盈利能力。</blockquote></p><p> After ending talks to go public via SPAC,<b>Sportradar Group</b>(SRAD) plans to raise $504 million at a $7.9 billion market cap. Covering over 750,000 events annually across 83 sports, this Swiss company provides software, data, and content to sports leagues, betting operators, and media companies. Sportradar is profitable, and growth accelerated in the 1H21 as live sports resumed.</p><p><blockquote>在结束通过SPAC上市的谈判后，<b>Sportradar集团</b>(SRAD)计划以79亿美元的市值筹集5.04亿美元。这家瑞士公司每年报道83项运动的750,000多场赛事，为体育联盟、博彩运营商和媒体公司提供软件、数据和内容。Sportradar已实现盈利，随着体育直播的恢复，2021年上半年增长加速。</blockquote></p><p> Drive-thru coffee chain <b>Dutch Bros</b>(BROS) plans to raise $400 million at a $3.3 billion market cap. This Oregon-based company has a chain of 471 drive-thru coffee shops in the Western US, and it has been able to maintain a track record of same-store sales growth as it has expanded to new states. Insiders received pre-IPO dividends and will sell shares back to the company.</p><p><blockquote>得来速咖啡连锁店<b>荷兰兄弟</b>(BROS)计划以33亿美元的市值筹集4亿美元。这家总部位于俄勒冈州的公司在美国西部拥有471家得来速咖啡店连锁店，随着业务扩展到新州，它一直能够保持同店销售增长的记录。内部人士收到了IPO前的股息，并将把股票卖回给公司。</blockquote></p><p> Healthcare intelligence platform <b>Definitive Healthcare</b>(DH) plans to raise $350 million at a $3.3 billion market cap. This company provides a healthcare commercial intelligence and analytics platform, helping its customers to analyze, navigate, and sell into the complex healthcare ecosystem. Unprofitable with strong growth, Definitive Healthcare will be leveraged post-IPO.</p><p><blockquote>医疗智能平台<b>权威医疗保健</b>(DH)计划以33亿美元的市值筹集3.5亿美元。该公司提供医疗保健商业智能和分析平台，帮助其客户分析、导航和销售复杂的医疗保健生态系统。由于增长强劲，Definitive Healthcare尚未盈利，但将在IPO后进行杠杆化。</blockquote></p><p> Identity management platform <b>ForgeRock</b>(FORG) plans to raise $248 million at a $2.1 billion market cap. The company provides identity and access management software, with a platform to provision, authenticate, and govern all types of digital identities. Unprofitable with high sales and marketing expenses, ForgeRock is a leading next-gen provider in the multi-billion-dollar identity and access market.</p><p><blockquote>身份管理平台<b>ForgeRock</b>(FORG)计划以21亿美元的市值筹集2.48亿美元。该公司提供身份和访问管理软件，以及一个提供、认证和管理所有类型数字身份的平台。由于销售和营销费用高昂，ForgeRock无利可图，是价值数十亿美元的身份和访问市场中领先的下一代提供商。</blockquote></p><p> Immunology biotech <b>DICE Therapeutics</b>(DICE) plans to raise $160 million at a $550 million market cap. This biotech is developing oral small molecule therapies to treat chronic diseases in immunology and other therapeutic areas. DICE plans to initiate a Phase 1 trial of its lead candidate S011806, an oral antagonist with a variety of immunology indications.</p><p><blockquote>免疫学生物技术<b>骰子疗法</b>(DICE)计划以5.5亿美元的市值筹集1.6亿美元。这家生物技术公司正在开发口服小分子疗法，以治疗免疫学和其他治疗领域的慢性疾病。DICE计划启动其主要候选药物S011806的1期试验，这是一种具有多种免疫学适应症的口服拮抗剂。</blockquote></p><p> Surgical robotics developer <b>PROCEPT BioRobotics</b>(PRCT) plans to raise $127 million at a $1.1 billion market cap. This commercial-stage company develops surgical robotic systems for minimally-invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia. PROCEPT BioRobotics is highly unprofitable and saw revenue increase more than sixfold in the 1H21.</p><p><blockquote>手术机器人开发商<b>PROCEPT生物机器人</b>(PRCT)计划以11亿美元的市值筹集1.27亿美元。这家商业阶段的公司开发用于微创泌尿外科手术的手术机器人系统，最初的重点是治疗良性前列腺增生。PROCEPT BioRobotics非常无利可图，2021年上半年收入增长了六倍多。</blockquote></p><p> Oncology biotech <b>Tyra Biosciences</b>(TYRA) plans to raise $101 million at a $584 million market cap. This preclinical biotech is developing FGFR kinase inhibitors for cancer, specifically solid tumors. Tyra’s lead candidate is initially focused on bladder cancer, and the company expects to submit an IND for it in mid-2022.</p><p><blockquote>肿瘤生物技术<b>泰拉生物科学公司</b>(TYRA)计划以5.84亿美元的市值筹集1.01亿美元。这家临床前生物技术公司正在开发用于癌症，特别是实体瘤的FGFR激酶抑制剂。Tyra的主要候选药物最初专注于膀胱癌，该公司预计将于2022年中期提交IND。</blockquote></p><p> Micro-cap gas delivery service <b>EzFill Holdings</b>(EZFL) plans to raise $25 million at a $104 million market cap. This mobile-fueling company provides an on-demand fuel delivery service in Florida via mobile app. Highly unprofitable with explosive growth, EzFill states that it is the dominant player in the South Florida market.</p><p><blockquote>微帽气体输送服务<b>埃兹菲尔控股</b>(EZFL)计划以1.04亿美元的市值筹集2500万美元。这家移动加油公司通过移动应用程序在佛罗里达州提供按需加油服务。由于爆炸性增长，EzFill表示，它是南佛罗里达州市场的主导者。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/718698ff98644c4026f32efe91d076c6\" tg-width=\"1128\" tg-height=\"684\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/97fe13300d9e4cf61effc59b9706776a\" tg-width=\"1129\" tg-height=\"247\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>IPO Market Snapshot</b></p><p><blockquote><b>IPO市场快照</b></blockquote></p><p> The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 9/9/21, the Renaissance IPO Index was up 7.7% year-to-date, while the S&P 500 was up 19.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 11.0% year-to-date, while the ACWX was up 10.0%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Smoore International and EQT Partners.</p><p><blockquote>文艺复兴IPO指数是新上市公司的市值加权篮子。截至9/9/21，文艺复兴IPO指数今年迄今上涨了7.7%，而标普500上涨了19.6%。Renaissance Capital的IPO ETF（纽约证券交易所股票代码：IPO）跟踪该指数，持有的顶级ETF包括Snowflake（SNOW）和Palantir Technologies（PLTR）。Renaissance International IPO指数今年迄今下跌11.0%，而ACWX指数上涨10.0%。Renaissance Capital的国际IPO ETF（纽约证券交易所股票代码：IPOS）跟踪该指数，持有的顶级ETF包括思摩尔国际和殷拓合伙人。</blockquote></p><p></p>","source":"lsy1603787993745","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>US IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week<blockquote>美国IPO周：秋季IPO市场以10周IPO拉开帷幕</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\">\nUS IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week<blockquote>美国IPO周：秋季IPO市场以10周IPO拉开帷幕</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Renaissance Capital</strong><span class=\"h-time small\">2021-09-12 08:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion in the week ahead.</p><p><blockquote>在短暂的假期周经历了一波发行之后，未来一周将有10起IPO计划筹集超过30亿美元的资金。</blockquote></p><p> Tech consultancy <b>Thoughtworks</b>(TWKS) plans to raise $700 million at a $6.3 billion market cap. This agile software developer provides premium, end-to-end digital strategy, design, and engineering services to more than 300 enterprise customers. The company grew revenue at a 14% CAGR from 2017 to 2020, and expanded margins in 2020 and the 1H21.</p><p><blockquote>技术咨询<b>Thoughtworks</b>(TWKS)计划以63亿美元的市值筹集7亿美元。这家敏捷软件开发商为300多家企业客户提供优质的端到端数字战略、设计和工程服务。从2017年到2020年，该公司的收入复合年增长率为14%，并在2020年和2021年上半年扩大了利润率。</blockquote></p><p> Swiss running shoe brand <b>On Holding</b>(ONON) plans to raise $591 million at a $5.9 billion market cap. On is a global provider of premium athletic footwear, apparel, and accessories that are designed using sustainable materials and its proprietary technology. The company has demonstrated growth and profitability, though it faces significant competition from other well-known sportswear brands.</p><p><blockquote>瑞士跑鞋品牌<b>持有时</b>(ONON)计划以59亿美元的市值筹集5.91亿美元。On是一家全球优质运动鞋、服装和配饰供应商，采用可持续材料及其专有技术设计。尽管面临来自其他知名运动服装品牌的激烈竞争，但该公司已展现出增长和盈利能力。</blockquote></p><p> After ending talks to go public via SPAC,<b>Sportradar Group</b>(SRAD) plans to raise $504 million at a $7.9 billion market cap. Covering over 750,000 events annually across 83 sports, this Swiss company provides software, data, and content to sports leagues, betting operators, and media companies. Sportradar is profitable, and growth accelerated in the 1H21 as live sports resumed.</p><p><blockquote>在结束通过SPAC上市的谈判后，<b>Sportradar集团</b>(SRAD)计划以79亿美元的市值筹集5.04亿美元。这家瑞士公司每年报道83项运动的750,000多场赛事，为体育联盟、博彩运营商和媒体公司提供软件、数据和内容。Sportradar已实现盈利，随着体育直播的恢复，2021年上半年增长加速。</blockquote></p><p> Drive-thru coffee chain <b>Dutch Bros</b>(BROS) plans to raise $400 million at a $3.3 billion market cap. This Oregon-based company has a chain of 471 drive-thru coffee shops in the Western US, and it has been able to maintain a track record of same-store sales growth as it has expanded to new states. Insiders received pre-IPO dividends and will sell shares back to the company.</p><p><blockquote>得来速咖啡连锁店<b>荷兰兄弟</b>(BROS)计划以33亿美元的市值筹集4亿美元。这家总部位于俄勒冈州的公司在美国西部拥有471家得来速咖啡店连锁店，随着业务扩展到新州，它一直能够保持同店销售增长的记录。内部人士收到了IPO前的股息，并将把股票卖回给公司。</blockquote></p><p> Healthcare intelligence platform <b>Definitive Healthcare</b>(DH) plans to raise $350 million at a $3.3 billion market cap. This company provides a healthcare commercial intelligence and analytics platform, helping its customers to analyze, navigate, and sell into the complex healthcare ecosystem. Unprofitable with strong growth, Definitive Healthcare will be leveraged post-IPO.</p><p><blockquote>医疗智能平台<b>权威医疗保健</b>(DH)计划以33亿美元的市值筹集3.5亿美元。该公司提供医疗保健商业智能和分析平台，帮助其客户分析、导航和销售复杂的医疗保健生态系统。由于增长强劲，Definitive Healthcare尚未盈利，但将在IPO后进行杠杆化。</blockquote></p><p> Identity management platform <b>ForgeRock</b>(FORG) plans to raise $248 million at a $2.1 billion market cap. The company provides identity and access management software, with a platform to provision, authenticate, and govern all types of digital identities. Unprofitable with high sales and marketing expenses, ForgeRock is a leading next-gen provider in the multi-billion-dollar identity and access market.</p><p><blockquote>身份管理平台<b>ForgeRock</b>(FORG)计划以21亿美元的市值筹集2.48亿美元。该公司提供身份和访问管理软件，以及一个提供、认证和管理所有类型数字身份的平台。由于销售和营销费用高昂，ForgeRock无利可图，是价值数十亿美元的身份和访问市场中领先的下一代提供商。</blockquote></p><p> Immunology biotech <b>DICE Therapeutics</b>(DICE) plans to raise $160 million at a $550 million market cap. This biotech is developing oral small molecule therapies to treat chronic diseases in immunology and other therapeutic areas. DICE plans to initiate a Phase 1 trial of its lead candidate S011806, an oral antagonist with a variety of immunology indications.</p><p><blockquote>免疫学生物技术<b>骰子疗法</b>(DICE)计划以5.5亿美元的市值筹集1.6亿美元。这家生物技术公司正在开发口服小分子疗法，以治疗免疫学和其他治疗领域的慢性疾病。DICE计划启动其主要候选药物S011806的1期试验，这是一种具有多种免疫学适应症的口服拮抗剂。</blockquote></p><p> Surgical robotics developer <b>PROCEPT BioRobotics</b>(PRCT) plans to raise $127 million at a $1.1 billion market cap. This commercial-stage company develops surgical robotic systems for minimally-invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia. PROCEPT BioRobotics is highly unprofitable and saw revenue increase more than sixfold in the 1H21.</p><p><blockquote>手术机器人开发商<b>PROCEPT生物机器人</b>(PRCT)计划以11亿美元的市值筹集1.27亿美元。这家商业阶段的公司开发用于微创泌尿外科手术的手术机器人系统，最初的重点是治疗良性前列腺增生。PROCEPT BioRobotics非常无利可图，2021年上半年收入增长了六倍多。</blockquote></p><p> Oncology biotech <b>Tyra Biosciences</b>(TYRA) plans to raise $101 million at a $584 million market cap. This preclinical biotech is developing FGFR kinase inhibitors for cancer, specifically solid tumors. Tyra’s lead candidate is initially focused on bladder cancer, and the company expects to submit an IND for it in mid-2022.</p><p><blockquote>肿瘤生物技术<b>泰拉生物科学公司</b>(TYRA)计划以5.84亿美元的市值筹集1.01亿美元。这家临床前生物技术公司正在开发用于癌症，特别是实体瘤的FGFR激酶抑制剂。Tyra的主要候选药物最初专注于膀胱癌，该公司预计将于2022年中期提交IND。</blockquote></p><p> Micro-cap gas delivery service <b>EzFill Holdings</b>(EZFL) plans to raise $25 million at a $104 million market cap. This mobile-fueling company provides an on-demand fuel delivery service in Florida via mobile app. Highly unprofitable with explosive growth, EzFill states that it is the dominant player in the South Florida market.</p><p><blockquote>微帽气体输送服务<b>埃兹菲尔控股</b>(EZFL)计划以1.04亿美元的市值筹集2500万美元。这家移动加油公司通过移动应用程序在佛罗里达州提供按需加油服务。由于爆炸性增长，EzFill表示，它是南佛罗里达州市场的主导者。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/718698ff98644c4026f32efe91d076c6\" tg-width=\"1128\" tg-height=\"684\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/97fe13300d9e4cf61effc59b9706776a\" tg-width=\"1129\" tg-height=\"247\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>IPO Market Snapshot</b></p><p><blockquote><b>IPO市场快照</b></blockquote></p><p> The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 9/9/21, the Renaissance IPO Index was up 7.7% year-to-date, while the S&P 500 was up 19.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 11.0% year-to-date, while the ACWX was up 10.0%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Smoore International and EQT Partners.</p><p><blockquote>文艺复兴IPO指数是新上市公司的市值加权篮子。截至9/9/21，文艺复兴IPO指数今年迄今上涨了7.7%，而标普500上涨了19.6%。Renaissance Capital的IPO ETF（纽约证券交易所股票代码：IPO）跟踪该指数，持有的顶级ETF包括Snowflake（SNOW）和Palantir Technologies（PLTR）。Renaissance International IPO指数今年迄今下跌11.0%，而ACWX指数上涨10.0%。Renaissance Capital的国际IPO ETF（纽约证券交易所股票代码：IPOS）跟踪该指数，持有的顶级ETF包括思摩尔国际和殷拓合伙人。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.renaissancecapital.com/IPO-Center/News/85972/US-IPO-Week-Ahead-The-Fall-IPO-market-kicks-off-with-a-10-IPO-week\">Renaissance Capital</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","ONON":"On Holding AG","DICE":"DICE Therapeutics, Inc.","PRCT":"PROCEPT BioRobotics","TYRA":"Tyra Biosciences, Inc.","SRAD":"Sportradar Group AG",".SPX":"S&P 500 Index","DH":"Definitive Healthcare Corp.","BROS":"Dutch Bros Inc.","TWKS":"Thoughtworks Holding Inc.",".DJI":"道琼斯","FORG":"ForgeRock, Inc."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/85972/US-IPO-Week-Ahead-The-Fall-IPO-market-kicks-off-with-a-10-IPO-week","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189654544","content_text":"After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion in the week ahead.\nTech consultancy Thoughtworks(TWKS) plans to raise $700 million at a $6.3 billion market cap. This agile software developer provides premium, end-to-end digital strategy, design, and engineering services to more than 300 enterprise customers. The company grew revenue at a 14% CAGR from 2017 to 2020, and expanded margins in 2020 and the 1H21.\nSwiss running shoe brand On Holding(ONON) plans to raise $591 million at a $5.9 billion market cap. On is a global provider of premium athletic footwear, apparel, and accessories that are designed using sustainable materials and its proprietary technology. The company has demonstrated growth and profitability, though it faces significant competition from other well-known sportswear brands.\nAfter ending talks to go public via SPAC,Sportradar Group(SRAD) plans to raise $504 million at a $7.9 billion market cap. Covering over 750,000 events annually across 83 sports, this Swiss company provides software, data, and content to sports leagues, betting operators, and media companies. Sportradar is profitable, and growth accelerated in the 1H21 as live sports resumed.\nDrive-thru coffee chain Dutch Bros(BROS) plans to raise $400 million at a $3.3 billion market cap. This Oregon-based company has a chain of 471 drive-thru coffee shops in the Western US, and it has been able to maintain a track record of same-store sales growth as it has expanded to new states. Insiders received pre-IPO dividends and will sell shares back to the company.\nHealthcare intelligence platform Definitive Healthcare(DH) plans to raise $350 million at a $3.3 billion market cap. This company provides a healthcare commercial intelligence and analytics platform, helping its customers to analyze, navigate, and sell into the complex healthcare ecosystem. Unprofitable with strong growth, Definitive Healthcare will be leveraged post-IPO.\nIdentity management platform ForgeRock(FORG) plans to raise $248 million at a $2.1 billion market cap. The company provides identity and access management software, with a platform to provision, authenticate, and govern all types of digital identities. Unprofitable with high sales and marketing expenses, ForgeRock is a leading next-gen provider in the multi-billion-dollar identity and access market.\nImmunology biotech DICE Therapeutics(DICE) plans to raise $160 million at a $550 million market cap. This biotech is developing oral small molecule therapies to treat chronic diseases in immunology and other therapeutic areas. DICE plans to initiate a Phase 1 trial of its lead candidate S011806, an oral antagonist with a variety of immunology indications.\nSurgical robotics developer PROCEPT BioRobotics(PRCT) plans to raise $127 million at a $1.1 billion market cap. This commercial-stage company develops surgical robotic systems for minimally-invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia. PROCEPT BioRobotics is highly unprofitable and saw revenue increase more than sixfold in the 1H21.\nOncology biotech Tyra Biosciences(TYRA) plans to raise $101 million at a $584 million market cap. This preclinical biotech is developing FGFR kinase inhibitors for cancer, specifically solid tumors. Tyra’s lead candidate is initially focused on bladder cancer, and the company expects to submit an IND for it in mid-2022.\nMicro-cap gas delivery service EzFill Holdings(EZFL) plans to raise $25 million at a $104 million market cap. This mobile-fueling company provides an on-demand fuel delivery service in Florida via mobile app. Highly unprofitable with explosive growth, EzFill states that it is the dominant player in the South Florida market.\n\nIPO Market Snapshot\nThe Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 9/9/21, the Renaissance IPO Index was up 7.7% year-to-date, while the S&P 500 was up 19.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 11.0% year-to-date, while the ACWX was up 10.0%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Smoore International and EQT Partners.","news_type":1,"symbols_score_info":{"SRAD":0.9,"TYRA":0.9,"BROS":0.9,"PRCT":0.9,"TWKS":0.9,".DJI":0.9,".SPX":0.9,".IXIC":0.9,"DH":0.9,"FORG":0.9,"EZFL":0.9,"ONON":0.9,"DICE":0.9}},"isVote":1,"tweetType":1,"viewCount":1887,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889542507,"gmtCreate":1631162795109,"gmtModify":1631888200721,"author":{"id":"3574165011010503","authorId":"3574165011010503","name":"kaiboon","avatar":"https://static.tigerbbs.com/47210bc0bbca6cb9e977c2d4266b7274","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574165011010503","idStr":"3574165011010503"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/889542507","repostId":"2165399556","repostType":4,"isVote":1,"tweetType":1,"viewCount":1241,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817702741,"gmtCreate":1630985530083,"gmtModify":1631888200742,"author":{"id":"3574165011010503","authorId":"3574165011010503","name":"kaiboon","avatar":"https://static.tigerbbs.com/47210bc0bbca6cb9e977c2d4266b7274","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574165011010503","idStr":"3574165011010503"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/817702741","repostId":"1175895797","repostType":4,"repost":{"id":"1175895797","kind":"news","pubTimestamp":1630984669,"share":"https://www.laohu8.com/m/news/1175895797?lang=zh_CN&edition=full","pubTime":"2021-09-07 11:17","market":"us","language":"en","title":"SoFi Technologies: 4 Trades To Get In On Fintech's Growth<blockquote>SoFi Technologies：参与金融科技增长的4项交易</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175895797","media":"Investing.com","summary":"SoFi Technologies has recently issued mixed Q2 metrics, which put pressure on the shares\nThe fintech","content":"<p><ul> <li>SoFi Technologies has recently issued mixed Q2 metrics, which put pressure on the shares</li> <li>The fintech group is growing its platform, product offerings and customer numbers</li> <li>We’re optimistic on the long-term growth prospects of SOFI stock, which could move first toward $17.5 and then $20.0 in the coming weeks</li> </ul> Investors in financial technology (fintech) disruptor SoFi Technologies. (NASDAQ:SOFI) have had a volatile year so far in 2021. Year-to-date (YTD) SOFI stock is up close to 22%. However, since early June the stock has lost about 37% of its value.</p><p><blockquote><ul><li>SoFi Technologies最近发布了好坏参半的第二季度指标，这给股价带来了压力</li><li>该金融科技集团正在扩大其平台、产品供应和客户数量</li><li>我们对SOFI股票的长期增长前景持乐观态度，未来几周该股可能首先升至17.5美元，然后升至20.0美元</li></ul>金融科技（fintech）颠覆者SoFi Technologies的投资者。（纳斯达克：SOFI）2021年迄今为止经历了动荡的一年。年初至今(YTD)SOFI股价上涨近22%。然而，自6月初以来，该股价值已下跌约37%。</blockquote></p><p> Our readers could well remember that SoFi Technologies went public through a reverse merger with Social Capital Hedosophia Corp, a special purpose acquisition company (SPAC). SOFI shares finished the day at $22.65. After trading between $20-$25 for several few weeks, the stock sold-off starting in early June.</p><p><blockquote>我们的读者可能还记得，SoFi Technologies是通过与特殊目的收购公司(SPAC)Social Capital Hedosophia Corp反向合并上市的。SOFI股价当天收于22.65美元。在连续几周在20-25美元之间交易后，该股从6月初开始遭到抛售。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7e84ef86a4fdcb3edda25a7f55e9f93f\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> SOFI stock finished Sept. 3 at $15.16. We should also remind readers that on Feb. 1, prior to the closing of the reverse merger, the shares hit an all-time high of $28.26. The market capitalization of SoFi Technologies stands at $12.12 billion.</p><p><blockquote>SOFI股票9月3日收于15.16美元。我们还应该提醒读者，2月1日，在反向合并完成之前，该股创下了28.26美元的历史新高。SoFi Technologies的市值为121.2亿美元。</blockquote></p><p> Investors debate whether now is a good time to invest in SOFI stock. We’re bullish on the long-term growth prospects of SoFi Technologies. Here’s why.</p><p><blockquote>投资者争论现在是否是投资SOFI股票的好时机。我们看好SoFi Technologies的长期增长前景。原因如下。</blockquote></p><p> <b>Long-Term Tailwinds</b></p><p><blockquote><b>长期顺风</b></blockquote></p><p> SoFi Technologies was founded in 2011 as a student loan refinancing business. Over the past decade, it has grown significantly to become a fintech disruptor. Its app enables consumers to manage, borrow, spend, save and invest money.</p><p><blockquote>SoFi Technologies成立于2011年，是一家学生贷款再融资公司。在过去十年中，它已显着发展成为金融科技颠覆者。它的应用程序使消费者能够管理、借贷、消费、储蓄和投资资金。</blockquote></p><p> For instance, in May 2020, it acquired the payment software company Galileo Financial Technologies, which helps businesses develop payment, card, and digital banking products. Also in March of this year, management announced it had agreed tobuythe California-based community bank Golden Pacific Bancorp, and “The proposed acquisition is a key strategic step in SoFi's path to obtaining a national bank charter.”</p><p><blockquote>例如，2020年5月，它收购了支付软件公司Galileo Financial Technologies，该公司帮助企业开发支付、卡和数字银行产品。同样在今年3月，管理层宣布已同意收购总部位于加州的社区银行Golden Pacific Bancorp，“拟议的收购是SoFi获得国家银行牌照道路上的关键战略步骤。”</blockquote></p><p> On Aug. 12, SOFI issued Q2 financials. Revenue was $231.1 million, up 101% year-over-year (YOY).The company reports revenue in three segments:</p><p><blockquote>8月12日，SOFI发布了第二季度财务数据。收入为2.311亿美元，同比增长101%。该公司报告三个部分的收入：</blockquote></p><p> <ul> <li>Lending (still the driver of the top line with 71.9% share);</li> <li>Financial Services (Q2 revenue was $17.0 million, compared to $2.4 million in Q2 2020);</li> <li>Technology Platform (consists primarily of Galileo which has over the past year, increased its number of accounts, to nearly 79 million from 36 million).</li> </ul> SOFI reported a $165.3 million net loss for Q2 2021, compared to net profit of $7.8 million a year earlier. However, adjusted EBITDA was $11.2 million and positive for the fourth consecutive quarter. It was also $35.0 million higher than Q2 2020.</p><p><blockquote><ul><li>贷款（仍然是营收的驱动力，占71.9%的份额）；</li><li>金融服务（第二季度收入为1700万美元，而2020年第二季度为240万美元）；</li><li>技术平台（主要由Galileo组成，在过去一年中，其账户数量从3600万增加到近7900万）。</li></ul>SOFI报告2021年第二季度净亏损1.653亿美元，而上年同期净利润为780万美元。然而，调整后EBITDA为1120万美元，连续第四个季度为正值。这也比2020年第二季度高出3500万美元。</blockquote></p><p> On the results, CEO Anthony Noto commented:</p><p><blockquote>对于结果，首席执行官安东尼·诺托评论道：</blockquote></p><p> “We drove our 8th straight quarters of accelerating member growth, with even faster growth in cross-buying from existing members.” For Q3 2021, management expects adjusted net revenue of $245-$255 million, which was lighter than what Wall Street was anticipating. SoFi Technologies also reiterated the full-year 2021 guidance of adjusted net revenue of $980 million and adjusted EBITDA of $27 million.</p><p><blockquote>“我们连续第八个季度加速会员增长，现有会员的交叉购买增长更快。”管理层预计2021年第三季度调整后净收入为245-2.55亿美元，低于华尔街的预期。SoFi Technologies还重申了2021年全年调整后净收入为9.8亿美元，调整后EBITDA为2700万美元的指引。</blockquote></p><p> A number of investors were not fully thrilled with Q2 results, and hit the ‘Sell’ button, pushing SOFI stock to $13.50. However, since then buyers have come in and moved the stock back to $15, a level that is acting as support.</p><p><blockquote>许多投资者对第二季度业绩并不完全满意，按下了“卖出”按钮，将SOFI股价推高至13.50美元。然而，自那以后，买家介入并将该股推回到15美元，这是一个起到支撑作用的水平。</blockquote></p><p> <b>What To Expect From SOFI Stock</b></p><p><blockquote><b>对SOFI股票的期待</b></blockquote></p><p> SoFi Technologies is still a young company. Therefore on <i>Investing.com</i>, we have two analysts polled, both of whom have rated it a ‘buy.’ The shares have a 12-month price target of $26.50, implying a return of about 75% from current levels.</p><p><blockquote>SoFi Technologies仍然是一家年轻的公司。因此在<i>Investing.com</i>，我们对两位分析师进行了调查，他们都将其评级为“买入”。该股12个月目标价为26.50美元，这意味着较当前水平的回报率约为75%。</blockquote></p><p> The stock’s P/B ratio stands at 2.86x. By comparison, the P/B ratios of fintech darlings PayPal (NASDAQ:PYPL) and Square (NYSE:SQ) are 16.25x and 45.93x, respectively</p><p><blockquote>该股的市净率为2.86倍。相比之下，金融科技宠儿PayPal（纳斯达克：PYPL）和Square（纽约证券交易所：SQ）的市净率分别为16.25倍和45.93倍</blockquote></p><p> Investors who watch technical charts might be interested to know that anup movetoward the $17-$17.5 level is likely. In that case, SOFI stock would possibly hit resistance around $17.5 after which it could trade sideways as it establishes a new base.</p><p><blockquote>观看技术图表的投资者可能有兴趣知道anup很可能会升至17-17.5美元的水平。在这种情况下，SOFI股票可能会遇到17.5美元左右的阻力，之后它可能会在建立新的基础时横盘整理。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a1b6d9b444b951f9abee71b8a394b699\" tg-width=\"654\" tg-height=\"458\" width=\"100%\" height=\"auto\"><span>Source: Investing.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Investing.com</span></p></blockquote></p><p> Finally, as part of the short-term sentiment analysis, it would be important to look at the implied volatility (IV) levels for SoFi Technologies options, which typically show traders the market's opinion of potential moves in a security. However, this metric does not forecast the direction of the move.</p><p><blockquote>最后，作为短期情绪分析的一部分，查看SoFi Technologies期权的隐含波动率(IV)水平非常重要，它通常向交易者显示市场对证券潜在走势的看法。然而，这一指标并不能预测移动的方向。</blockquote></p><p></p><p> SOFI’s current implied volatility is 59.7, which is lower than the 20-day moving average of 67.4. This metric means implied volatility is trending lower. Although the current IV level could change, for now, the market does not seem to expect extreme choppiness in the shares.</p><p><blockquote>SOFI目前的隐含波动率为59.7，低于20日移动平均线67.4。该指标意味着隐含波动率呈下降趋势。尽管目前的IV水平可能会发生变化，但就目前而言，市场似乎预计股价不会出现极端波动。</blockquote></p><p> Although our expectation is for the stock price to increase in the coming weeks, it is not likely to be a straight move higher. There could even be a further decline toward $14 before a new up leg starts. In case of such a decline, potential SoFi Technologies stock investors would then find better value in the stock.</p><p><blockquote>尽管我们预计股价将在未来几周内上涨，但不太可能直线上涨。在新的上涨开始之前，甚至可能进一步下跌至14美元。如果出现这种下跌，潜在的SoFi Technologies股票投资者将会发现该股票更好的价值。</blockquote></p><p> <b>4 Possible Trades1. Buy SOFI Stock At Current Levels</b></p><p><blockquote><b>4种可能的交易1。在当前水平购买SOFI股票</b></blockquote></p><p> Investors who are not concerned with daily moves in price and who believe in the long-term potential of the company could consider investing in SoFi Technologies shares now.</p><p><blockquote>不关心每日价格变动并相信该公司长期潜力的投资者现在可以考虑投资SoFi Technologies股票。</blockquote></p><p> On Sept. 3, SOFI stock closed at $15.16. Buy-and-hold investors should expect to keep this long position for several months while the stock potentially makes an attempt, first toward $17.5 and then $20, leading to a return of over 30%.</p><p><blockquote>9月3日，SOFI股价收于15.16美元。买入并持有的投资者应该预计将在几个月内保持这一多头头寸，而该股可能会尝试，首先升至17.5美元，然后升至20美元，从而带来超过30%的回报。</blockquote></p><p> However, investors who are concerned about large declines might also consider placing a stop-loss about 3-5% below their entry point.</p><p><blockquote>然而，担心大幅下跌的投资者也可以考虑在进场点以下约3-5%设置止损。</blockquote></p><p> Once the stock is firmly established around $20, it could then potentially make another move toward the record high $28.26. However, such an increase would possibly take several quarters.</p><p><blockquote>一旦该股站稳在20美元左右，它可能会再次向28.26美元的历史新高迈进。然而，这种增长可能需要几个季度的时间。</blockquote></p><p> <b>2. Sell A Cash-Secured Put Option On SOFI Stock</b></p><p><blockquote><b>2.出售SOFI股票的现金担保看跌期权</b></blockquote></p><p> Our second trade involves a cash-secured put strategy. We have recently covered this option in numerous articles. Here is one example.</p><p><blockquote>我们的第二笔交易涉及现金担保看跌策略。我们最近在许多文章中讨论了这个选项。这里有一个例子。</blockquote></p><p> Bullish SoFi Technologies stock traders could now sell a Dec. 17, 15-strike put option, which is currently being offered at $2.13.</p><p><blockquote>看涨SoFi Technologies股票交易者现在可以出售12月17日15行权的看跌期权，目前报价为2.13美元。</blockquote></p><p> Assuming traders would enter this put-selling strategy at the current price, the upside is keeping this premium of $213 as long as SOFI stock closes above $15, when the option expires. A total of $213 would be the maximum return for this trade (excluding trading costs and taxes).</p><p><blockquote>假设交易者以当前价格进入这种看跌卖出策略，那么只要期权到期时SOFI股票收盘价高于15美元，上涨空间就会保持213美元的溢价。这笔交易的最高回报为213美元（不包括交易成本和税收）。</blockquote></p><p> The downside is if SoFi Technologies stock trades below $15.00 ahead of expiration. Should that occur, traders could be assigned 100 shares for each sold put at a cost of $15.00 per share.</p><p><blockquote>不利的一面是，如果SoFi Technologies股票在到期前交易价格低于15.00美元。如果发生这种情况，交易者可以以每股15.00美元的价格为每卖出一份看跌期权分配100股。</blockquote></p><p> At expiry, this trade would break even at a stock price of $12.87 (i.e., $15-$2.13).</p><p><blockquote>到期时，该交易将以12.87美元（即15-2.13美元）的股价实现收支平衡。</blockquote></p><p> <b>3. Buy An ETF That Has SoFi Technologies As A Holding</b></p><p><blockquote><b>3.购买持有SoFi Technologies的ETF</b></blockquote></p><p> Many readers are familiar with the fact that we regularly cover exchange-traded funds (ETFs) that might be suitable for buy-and-hold investors. Thus, readers who do not want to commit capital to SOFI stock but would still like to have exposure to the shares could consider researching a fund that holds the company.</p><p><blockquote>许多读者都熟悉这样一个事实，即我们定期报道可能适合买入并持有投资者的交易所交易基金(ETF)。因此，不想投入资金购买SOFI股票但仍希望投资该股票的读者可以考虑研究持有该公司的基金。</blockquote></p><p> However, since SoFi Technologies is a small and young company, it is not yet a leading holding in an ETF. This means such an investment would provide only a limited exposure to SOFI shares.</p><p><blockquote>然而，由于SoFi Technologies是一家小型且年轻的公司，因此它还不是ETF中的领先持股。这意味着此类投资只能提供有限的SOFI股票敞口。</blockquote></p><p> Nonetheless, examples of ETFs that have SOFI stock include:</p><p><blockquote>尽管如此，拥有SOFI股票的ETF示例包括：</blockquote></p><p> <ul> <li>The De-SPAC ETF (NYSE:DSPC): This new fund is about flat since inception in May 2021. SOFI stock’s weighting is 3.85%;</p><p><blockquote><ul><li>De-SPAC ETF（纽约证券交易所股票代码：DSPC）：这只新基金自2021年5月成立以来大致持平。SOFI股票的权重为3.85%；</li></ul></blockquote></p><p></li> <li>JPMorgan BetaBuilders U.S. Small Cap Equity ETF (NYSE:BBSC): The fund is up 17.2% YTD, and SOFI stock’s weighting is 0.38%;</p><p><blockquote><li>摩根大通BetaBuilders美国小盘股ETF（纽约证券交易所股票代码：BBSC）：该基金年初至今上涨17.2%，SOFI股票权重为0.38%；</li></blockquote></p><p></li> <li>First Trust US Equity Opportunities ETF (NYSE:FPX): The fund is up 10.9% YTD, and SOFI stock’s weighting is 0.29%.</p><p><blockquote><li>First Trust US Equity Opportunities ETF（纽约证券交易所股票代码：FPX）：该基金年初至今上涨10.9%，SOFI股票的权重为0.29%。</li></blockquote></p><p></li> </ul> <b>4. Buy Shares In Another Fintech Company</b></p><p><blockquote><b>4.购买另一家金融科技公司的股票</b></blockquote></p><p> Potential investors who are interested in the fintech space, could consider investing in other names in the sector as well. Several names that could appeal to readers are (in alphabetical order):</p><p><blockquote>对金融科技领域感兴趣的潜在投资者也可以考虑投资该行业的其他公司。可能吸引读者的几个名字是（按字母顺序排列）：</blockquote></p><p> <ul> <li>Bill.com (NYSE:BILL): up 117.7% YTD;</li> <li>Fiserv (NASDAQ:FISV): up 1.6% YTD;</li> <li>Green Dot (NYSE:GDOT): down 1.8% YTD;</li> <li>JPMorgan Chase (NYSE:JPM): up 25.5% YTD;</li> <li>Lemonade (NYSE:LMND): down 36.9% YTD;</li> <li>Marqeta (NASDAQ:MQ): down 17.1% since going public in June;</li> <li>MercadoLibre (NASDAQ:MELI): up 16.2% YTD;</li> <li>PayPal: up 23.4% YTD;</li> <li>Silvergate Capital (NYSE:SI): up 62.4% YTD;</li> <li>Square: up 23.9% YTD;</li> <li>StoneCo (NASDAQ:STNE): down 46.8% YTD;</li> <li>Visa (NYSE:V): up 2.9% YTD.</li> </ul> As the returns above highlight, the fortunes of these companies have varied significantly in 2021. Therefore, potential investors would need to research them well before committing capital into the shares.</p><p><blockquote><ul><li>Bill.com（纽约证券交易所股票代码：BILL）：年初至今上涨117.7%；</li><li>Fiserv（纳斯达克：FISV）：年初至今上涨1.6%；</li><li>绿点（纽约证券交易所股票代码：GDOT）：年初至今下跌1.8%；</li><li>摩根大通（纽约证券交易所股票代码：JPM）：年初至今上涨25.5%；</li><li>柠檬水（纽约证券交易所股票代码：LMND）：年初至今下跌36.9%；</li><li>Marqeta（纳斯达克：MQ）：自6月上市以来下跌17.1%；</li><li>MercadoLibre（纳斯达克：MELI）：年初至今上涨16.2%；</li><li>PayPal：年初至今上涨23.4%；</li><li>Silvergate Capital（纽约证券交易所股票代码：SI）：年初至今上涨62.4%；</li><li>Square：年初至今上涨23.9%；</li><li>StoneCo（纳斯达克：STNE）：年初至今下跌46.8%；</li><li>Visa（纽约证券交易所股票代码：V）：年初至今上涨2.9%。</li></ul>正如上述回报所强调的那样，这些公司的命运在2021年差异很大。因此，潜在投资者在向股票投入资金之前需要对它们进行充分研究。</blockquote></p><p> <b>Bottom Line</b></p><p><blockquote><b>底线</b></blockquote></p><p> Since going public in early June, SOFI stock has been in the limelight. Although the record high share price of $28.26, which was seen in February before the the reverse-merger was completed, seems quite distant now, the company is likely to create better shareholder value in the months ahead. Meanwhile, the company could even find itself a takeover candidate.</p><p><blockquote>自6月初上市以来，SOFI股票一直备受关注。尽管反向合并完成前2月份创下的28.26美元的历史新高股价现在似乎还很遥远，但该公司可能会在未来几个月创造更好的股东价值。与此同时，该公司甚至可能发现自己是收购候选人。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SoFi Technologies: 4 Trades To Get In On Fintech's Growth<blockquote>SoFi Technologies：参与金融科技增长的4项交易</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\">\nSoFi Technologies: 4 Trades To Get In On Fintech's Growth<blockquote>SoFi Technologies：参与金融科技增长的4项交易</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Investing.com</strong><span class=\"h-time small\">2021-09-07 11:17</span>\n</p>\n</h4>\n</header>\n<article>\n<p><ul> <li>SoFi Technologies has recently issued mixed Q2 metrics, which put pressure on the shares</li> <li>The fintech group is growing its platform, product offerings and customer numbers</li> <li>We’re optimistic on the long-term growth prospects of SOFI stock, which could move first toward $17.5 and then $20.0 in the coming weeks</li> </ul> Investors in financial technology (fintech) disruptor SoFi Technologies. (NASDAQ:SOFI) have had a volatile year so far in 2021. Year-to-date (YTD) SOFI stock is up close to 22%. However, since early June the stock has lost about 37% of its value.</p><p><blockquote><ul><li>SoFi Technologies最近发布了好坏参半的第二季度指标，这给股价带来了压力</li><li>该金融科技集团正在扩大其平台、产品供应和客户数量</li><li>我们对SOFI股票的长期增长前景持乐观态度，未来几周该股可能首先升至17.5美元，然后升至20.0美元</li></ul>金融科技（fintech）颠覆者SoFi Technologies的投资者。（纳斯达克：SOFI）2021年迄今为止经历了动荡的一年。年初至今(YTD)SOFI股价上涨近22%。然而，自6月初以来，该股价值已下跌约37%。</blockquote></p><p> Our readers could well remember that SoFi Technologies went public through a reverse merger with Social Capital Hedosophia Corp, a special purpose acquisition company (SPAC). SOFI shares finished the day at $22.65. After trading between $20-$25 for several few weeks, the stock sold-off starting in early June.</p><p><blockquote>我们的读者可能还记得，SoFi Technologies是通过与特殊目的收购公司(SPAC)Social Capital Hedosophia Corp反向合并上市的。SOFI股价当天收于22.65美元。在连续几周在20-25美元之间交易后，该股从6月初开始遭到抛售。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7e84ef86a4fdcb3edda25a7f55e9f93f\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> SOFI stock finished Sept. 3 at $15.16. We should also remind readers that on Feb. 1, prior to the closing of the reverse merger, the shares hit an all-time high of $28.26. The market capitalization of SoFi Technologies stands at $12.12 billion.</p><p><blockquote>SOFI股票9月3日收于15.16美元。我们还应该提醒读者，2月1日，在反向合并完成之前，该股创下了28.26美元的历史新高。SoFi Technologies的市值为121.2亿美元。</blockquote></p><p> Investors debate whether now is a good time to invest in SOFI stock. We’re bullish on the long-term growth prospects of SoFi Technologies. Here’s why.</p><p><blockquote>投资者争论现在是否是投资SOFI股票的好时机。我们看好SoFi Technologies的长期增长前景。原因如下。</blockquote></p><p> <b>Long-Term Tailwinds</b></p><p><blockquote><b>长期顺风</b></blockquote></p><p> SoFi Technologies was founded in 2011 as a student loan refinancing business. Over the past decade, it has grown significantly to become a fintech disruptor. Its app enables consumers to manage, borrow, spend, save and invest money.</p><p><blockquote>SoFi Technologies成立于2011年，是一家学生贷款再融资公司。在过去十年中，它已显着发展成为金融科技颠覆者。它的应用程序使消费者能够管理、借贷、消费、储蓄和投资资金。</blockquote></p><p> For instance, in May 2020, it acquired the payment software company Galileo Financial Technologies, which helps businesses develop payment, card, and digital banking products. Also in March of this year, management announced it had agreed tobuythe California-based community bank Golden Pacific Bancorp, and “The proposed acquisition is a key strategic step in SoFi's path to obtaining a national bank charter.”</p><p><blockquote>例如，2020年5月，它收购了支付软件公司Galileo Financial Technologies，该公司帮助企业开发支付、卡和数字银行产品。同样在今年3月，管理层宣布已同意收购总部位于加州的社区银行Golden Pacific Bancorp，“拟议的收购是SoFi获得国家银行牌照道路上的关键战略步骤。”</blockquote></p><p> On Aug. 12, SOFI issued Q2 financials. Revenue was $231.1 million, up 101% year-over-year (YOY).The company reports revenue in three segments:</p><p><blockquote>8月12日，SOFI发布了第二季度财务数据。收入为2.311亿美元，同比增长101%。该公司报告三个部分的收入：</blockquote></p><p> <ul> <li>Lending (still the driver of the top line with 71.9% share);</li> <li>Financial Services (Q2 revenue was $17.0 million, compared to $2.4 million in Q2 2020);</li> <li>Technology Platform (consists primarily of Galileo which has over the past year, increased its number of accounts, to nearly 79 million from 36 million).</li> </ul> SOFI reported a $165.3 million net loss for Q2 2021, compared to net profit of $7.8 million a year earlier. However, adjusted EBITDA was $11.2 million and positive for the fourth consecutive quarter. It was also $35.0 million higher than Q2 2020.</p><p><blockquote><ul><li>贷款（仍然是营收的驱动力，占71.9%的份额）；</li><li>金融服务（第二季度收入为1700万美元，而2020年第二季度为240万美元）；</li><li>技术平台（主要由Galileo组成，在过去一年中，其账户数量从3600万增加到近7900万）。</li></ul>SOFI报告2021年第二季度净亏损1.653亿美元，而上年同期净利润为780万美元。然而，调整后EBITDA为1120万美元，连续第四个季度为正值。这也比2020年第二季度高出3500万美元。</blockquote></p><p> On the results, CEO Anthony Noto commented:</p><p><blockquote>对于结果，首席执行官安东尼·诺托评论道：</blockquote></p><p> “We drove our 8th straight quarters of accelerating member growth, with even faster growth in cross-buying from existing members.” For Q3 2021, management expects adjusted net revenue of $245-$255 million, which was lighter than what Wall Street was anticipating. SoFi Technologies also reiterated the full-year 2021 guidance of adjusted net revenue of $980 million and adjusted EBITDA of $27 million.</p><p><blockquote>“我们连续第八个季度加速会员增长，现有会员的交叉购买增长更快。”管理层预计2021年第三季度调整后净收入为245-2.55亿美元，低于华尔街的预期。SoFi Technologies还重申了2021年全年调整后净收入为9.8亿美元，调整后EBITDA为2700万美元的指引。</blockquote></p><p> A number of investors were not fully thrilled with Q2 results, and hit the ‘Sell’ button, pushing SOFI stock to $13.50. However, since then buyers have come in and moved the stock back to $15, a level that is acting as support.</p><p><blockquote>许多投资者对第二季度业绩并不完全满意，按下了“卖出”按钮，将SOFI股价推高至13.50美元。然而，自那以后，买家介入并将该股推回到15美元，这是一个起到支撑作用的水平。</blockquote></p><p> <b>What To Expect From SOFI Stock</b></p><p><blockquote><b>对SOFI股票的期待</b></blockquote></p><p> SoFi Technologies is still a young company. Therefore on <i>Investing.com</i>, we have two analysts polled, both of whom have rated it a ‘buy.’ The shares have a 12-month price target of $26.50, implying a return of about 75% from current levels.</p><p><blockquote>SoFi Technologies仍然是一家年轻的公司。因此在<i>Investing.com</i>，我们对两位分析师进行了调查，他们都将其评级为“买入”。该股12个月目标价为26.50美元，这意味着较当前水平的回报率约为75%。</blockquote></p><p> The stock’s P/B ratio stands at 2.86x. By comparison, the P/B ratios of fintech darlings PayPal (NASDAQ:PYPL) and Square (NYSE:SQ) are 16.25x and 45.93x, respectively</p><p><blockquote>该股的市净率为2.86倍。相比之下，金融科技宠儿PayPal（纳斯达克：PYPL）和Square（纽约证券交易所：SQ）的市净率分别为16.25倍和45.93倍</blockquote></p><p> Investors who watch technical charts might be interested to know that anup movetoward the $17-$17.5 level is likely. In that case, SOFI stock would possibly hit resistance around $17.5 after which it could trade sideways as it establishes a new base.</p><p><blockquote>观看技术图表的投资者可能有兴趣知道anup很可能会升至17-17.5美元的水平。在这种情况下，SOFI股票可能会遇到17.5美元左右的阻力，之后它可能会在建立新的基础时横盘整理。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a1b6d9b444b951f9abee71b8a394b699\" tg-width=\"654\" tg-height=\"458\" width=\"100%\" height=\"auto\"><span>Source: Investing.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Investing.com</span></p></blockquote></p><p> Finally, as part of the short-term sentiment analysis, it would be important to look at the implied volatility (IV) levels for SoFi Technologies options, which typically show traders the market's opinion of potential moves in a security. However, this metric does not forecast the direction of the move.</p><p><blockquote>最后，作为短期情绪分析的一部分，查看SoFi Technologies期权的隐含波动率(IV)水平非常重要，它通常向交易者显示市场对证券潜在走势的看法。然而，这一指标并不能预测移动的方向。</blockquote></p><p></p><p> SOFI’s current implied volatility is 59.7, which is lower than the 20-day moving average of 67.4. This metric means implied volatility is trending lower. Although the current IV level could change, for now, the market does not seem to expect extreme choppiness in the shares.</p><p><blockquote>SOFI目前的隐含波动率为59.7，低于20日移动平均线67.4。该指标意味着隐含波动率呈下降趋势。尽管目前的IV水平可能会发生变化，但就目前而言，市场似乎预计股价不会出现极端波动。</blockquote></p><p> Although our expectation is for the stock price to increase in the coming weeks, it is not likely to be a straight move higher. There could even be a further decline toward $14 before a new up leg starts. In case of such a decline, potential SoFi Technologies stock investors would then find better value in the stock.</p><p><blockquote>尽管我们预计股价将在未来几周内上涨，但不太可能直线上涨。在新的上涨开始之前，甚至可能进一步下跌至14美元。如果出现这种下跌，潜在的SoFi Technologies股票投资者将会发现该股票更好的价值。</blockquote></p><p> <b>4 Possible Trades1. Buy SOFI Stock At Current Levels</b></p><p><blockquote><b>4种可能的交易1。在当前水平购买SOFI股票</b></blockquote></p><p> Investors who are not concerned with daily moves in price and who believe in the long-term potential of the company could consider investing in SoFi Technologies shares now.</p><p><blockquote>不关心每日价格变动并相信该公司长期潜力的投资者现在可以考虑投资SoFi Technologies股票。</blockquote></p><p> On Sept. 3, SOFI stock closed at $15.16. Buy-and-hold investors should expect to keep this long position for several months while the stock potentially makes an attempt, first toward $17.5 and then $20, leading to a return of over 30%.</p><p><blockquote>9月3日，SOFI股价收于15.16美元。买入并持有的投资者应该预计将在几个月内保持这一多头头寸，而该股可能会尝试，首先升至17.5美元，然后升至20美元，从而带来超过30%的回报。</blockquote></p><p> However, investors who are concerned about large declines might also consider placing a stop-loss about 3-5% below their entry point.</p><p><blockquote>然而，担心大幅下跌的投资者也可以考虑在进场点以下约3-5%设置止损。</blockquote></p><p> Once the stock is firmly established around $20, it could then potentially make another move toward the record high $28.26. However, such an increase would possibly take several quarters.</p><p><blockquote>一旦该股站稳在20美元左右，它可能会再次向28.26美元的历史新高迈进。然而，这种增长可能需要几个季度的时间。</blockquote></p><p> <b>2. Sell A Cash-Secured Put Option On SOFI Stock</b></p><p><blockquote><b>2.出售SOFI股票的现金担保看跌期权</b></blockquote></p><p> Our second trade involves a cash-secured put strategy. We have recently covered this option in numerous articles. Here is one example.</p><p><blockquote>我们的第二笔交易涉及现金担保看跌策略。我们最近在许多文章中讨论了这个选项。这里有一个例子。</blockquote></p><p> Bullish SoFi Technologies stock traders could now sell a Dec. 17, 15-strike put option, which is currently being offered at $2.13.</p><p><blockquote>看涨SoFi Technologies股票交易者现在可以出售12月17日15行权的看跌期权，目前报价为2.13美元。</blockquote></p><p> Assuming traders would enter this put-selling strategy at the current price, the upside is keeping this premium of $213 as long as SOFI stock closes above $15, when the option expires. A total of $213 would be the maximum return for this trade (excluding trading costs and taxes).</p><p><blockquote>假设交易者以当前价格进入这种看跌卖出策略，那么只要期权到期时SOFI股票收盘价高于15美元，上涨空间就会保持213美元的溢价。这笔交易的最高回报为213美元（不包括交易成本和税收）。</blockquote></p><p> The downside is if SoFi Technologies stock trades below $15.00 ahead of expiration. Should that occur, traders could be assigned 100 shares for each sold put at a cost of $15.00 per share.</p><p><blockquote>不利的一面是，如果SoFi Technologies股票在到期前交易价格低于15.00美元。如果发生这种情况，交易者可以以每股15.00美元的价格为每卖出一份看跌期权分配100股。</blockquote></p><p> At expiry, this trade would break even at a stock price of $12.87 (i.e., $15-$2.13).</p><p><blockquote>到期时，该交易将以12.87美元（即15-2.13美元）的股价实现收支平衡。</blockquote></p><p> <b>3. Buy An ETF That Has SoFi Technologies As A Holding</b></p><p><blockquote><b>3.购买持有SoFi Technologies的ETF</b></blockquote></p><p> Many readers are familiar with the fact that we regularly cover exchange-traded funds (ETFs) that might be suitable for buy-and-hold investors. Thus, readers who do not want to commit capital to SOFI stock but would still like to have exposure to the shares could consider researching a fund that holds the company.</p><p><blockquote>许多读者都熟悉这样一个事实，即我们定期报道可能适合买入并持有投资者的交易所交易基金(ETF)。因此，不想投入资金购买SOFI股票但仍希望投资该股票的读者可以考虑研究持有该公司的基金。</blockquote></p><p> However, since SoFi Technologies is a small and young company, it is not yet a leading holding in an ETF. This means such an investment would provide only a limited exposure to SOFI shares.</p><p><blockquote>然而，由于SoFi Technologies是一家小型且年轻的公司，因此它还不是ETF中的领先持股。这意味着此类投资只能提供有限的SOFI股票敞口。</blockquote></p><p> Nonetheless, examples of ETFs that have SOFI stock include:</p><p><blockquote>尽管如此，拥有SOFI股票的ETF示例包括：</blockquote></p><p> <ul> <li>The De-SPAC ETF (NYSE:DSPC): This new fund is about flat since inception in May 2021. SOFI stock’s weighting is 3.85%;</p><p><blockquote><ul><li>De-SPAC ETF（纽约证券交易所股票代码：DSPC）：这只新基金自2021年5月成立以来大致持平。SOFI股票的权重为3.85%；</li></ul></blockquote></p><p></li> <li>JPMorgan BetaBuilders U.S. Small Cap Equity ETF (NYSE:BBSC): The fund is up 17.2% YTD, and SOFI stock’s weighting is 0.38%;</p><p><blockquote><li>摩根大通BetaBuilders美国小盘股ETF（纽约证券交易所股票代码：BBSC）：该基金年初至今上涨17.2%，SOFI股票权重为0.38%；</li></blockquote></p><p></li> <li>First Trust US Equity Opportunities ETF (NYSE:FPX): The fund is up 10.9% YTD, and SOFI stock’s weighting is 0.29%.</p><p><blockquote><li>First Trust US Equity Opportunities ETF（纽约证券交易所股票代码：FPX）：该基金年初至今上涨10.9%，SOFI股票的权重为0.29%。</li></blockquote></p><p></li> </ul> <b>4. Buy Shares In Another Fintech Company</b></p><p><blockquote><b>4.购买另一家金融科技公司的股票</b></blockquote></p><p> Potential investors who are interested in the fintech space, could consider investing in other names in the sector as well. Several names that could appeal to readers are (in alphabetical order):</p><p><blockquote>对金融科技领域感兴趣的潜在投资者也可以考虑投资该行业的其他公司。可能吸引读者的几个名字是（按字母顺序排列）：</blockquote></p><p> <ul> <li>Bill.com (NYSE:BILL): up 117.7% YTD;</li> <li>Fiserv (NASDAQ:FISV): up 1.6% YTD;</li> <li>Green Dot (NYSE:GDOT): down 1.8% YTD;</li> <li>JPMorgan Chase (NYSE:JPM): up 25.5% YTD;</li> <li>Lemonade (NYSE:LMND): down 36.9% YTD;</li> <li>Marqeta (NASDAQ:MQ): down 17.1% since going public in June;</li> <li>MercadoLibre (NASDAQ:MELI): up 16.2% YTD;</li> <li>PayPal: up 23.4% YTD;</li> <li>Silvergate Capital (NYSE:SI): up 62.4% YTD;</li> <li>Square: up 23.9% YTD;</li> <li>StoneCo (NASDAQ:STNE): down 46.8% YTD;</li> <li>Visa (NYSE:V): up 2.9% YTD.</li> </ul> As the returns above highlight, the fortunes of these companies have varied significantly in 2021. Therefore, potential investors would need to research them well before committing capital into the shares.</p><p><blockquote><ul><li>Bill.com（纽约证券交易所股票代码：BILL）：年初至今上涨117.7%；</li><li>Fiserv（纳斯达克：FISV）：年初至今上涨1.6%；</li><li>绿点（纽约证券交易所股票代码：GDOT）：年初至今下跌1.8%；</li><li>摩根大通（纽约证券交易所股票代码：JPM）：年初至今上涨25.5%；</li><li>柠檬水（纽约证券交易所股票代码：LMND）：年初至今下跌36.9%；</li><li>Marqeta（纳斯达克：MQ）：自6月上市以来下跌17.1%；</li><li>MercadoLibre（纳斯达克：MELI）：年初至今上涨16.2%；</li><li>PayPal：年初至今上涨23.4%；</li><li>Silvergate Capital（纽约证券交易所股票代码：SI）：年初至今上涨62.4%；</li><li>Square：年初至今上涨23.9%；</li><li>StoneCo（纳斯达克：STNE）：年初至今下跌46.8%；</li><li>Visa（纽约证券交易所股票代码：V）：年初至今上涨2.9%。</li></ul>正如上述回报所强调的那样，这些公司的命运在2021年差异很大。因此，潜在投资者在向股票投入资金之前需要对它们进行充分研究。</blockquote></p><p> <b>Bottom Line</b></p><p><blockquote><b>底线</b></blockquote></p><p> Since going public in early June, SOFI stock has been in the limelight. Although the record high share price of $28.26, which was seen in February before the the reverse-merger was completed, seems quite distant now, the company is likely to create better shareholder value in the months ahead. Meanwhile, the company could even find itself a takeover candidate.</p><p><blockquote>自6月初上市以来，SOFI股票一直备受关注。尽管反向合并完成前2月份创下的28.26美元的历史新高股价现在似乎还很遥远，但该公司可能会在未来几个月创造更好的股东价值。与此同时，该公司甚至可能发现自己是收购候选人。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.investing.com/analysis/sofi-technologies-4-trades-to-get-in-on-fintechs-growth-200601028\">Investing.com</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://www.investing.com/analysis/sofi-technologies-4-trades-to-get-in-on-fintechs-growth-200601028","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175895797","content_text":"SoFi Technologies has recently issued mixed Q2 metrics, which put pressure on the shares\nThe fintech group is growing its platform, product offerings and customer numbers\nWe’re optimistic on the long-term growth prospects of SOFI stock, which could move first toward $17.5 and then $20.0 in the coming weeks\n\nInvestors in financial technology (fintech) disruptor SoFi Technologies. (NASDAQ:SOFI) have had a volatile year so far in 2021. Year-to-date (YTD) SOFI stock is up close to 22%. However, since early June the stock has lost about 37% of its value.\nOur readers could well remember that SoFi Technologies went public through a reverse merger with Social Capital Hedosophia Corp, a special purpose acquisition company (SPAC). SOFI shares finished the day at $22.65. After trading between $20-$25 for several few weeks, the stock sold-off starting in early June.\n\nSOFI stock finished Sept. 3 at $15.16. We should also remind readers that on Feb. 1, prior to the closing of the reverse merger, the shares hit an all-time high of $28.26. The market capitalization of SoFi Technologies stands at $12.12 billion.\nInvestors debate whether now is a good time to invest in SOFI stock. We’re bullish on the long-term growth prospects of SoFi Technologies. Here’s why.\nLong-Term Tailwinds\nSoFi Technologies was founded in 2011 as a student loan refinancing business. Over the past decade, it has grown significantly to become a fintech disruptor. Its app enables consumers to manage, borrow, spend, save and invest money.\nFor instance, in May 2020, it acquired the payment software company Galileo Financial Technologies, which helps businesses develop payment, card, and digital banking products. Also in March of this year, management announced it had agreed tobuythe California-based community bank Golden Pacific Bancorp, and “The proposed acquisition is a key strategic step in SoFi's path to obtaining a national bank charter.”\nOn Aug. 12, SOFI issued Q2 financials. Revenue was $231.1 million, up 101% year-over-year (YOY).The company reports revenue in three segments:\n\nLending (still the driver of the top line with 71.9% share);\nFinancial Services (Q2 revenue was $17.0 million, compared to $2.4 million in Q2 2020);\nTechnology Platform (consists primarily of Galileo which has over the past year, increased its number of accounts, to nearly 79 million from 36 million).\n\nSOFI reported a $165.3 million net loss for Q2 2021, compared to net profit of $7.8 million a year earlier. However, adjusted EBITDA was $11.2 million and positive for the fourth consecutive quarter. It was also $35.0 million higher than Q2 2020.\nOn the results, CEO Anthony Noto commented:\n\n “We drove our 8th straight quarters of accelerating member growth, with even faster growth in cross-buying from existing members.”\n\nFor Q3 2021, management expects adjusted net revenue of $245-$255 million, which was lighter than what Wall Street was anticipating. SoFi Technologies also reiterated the full-year 2021 guidance of adjusted net revenue of $980 million and adjusted EBITDA of $27 million.\nA number of investors were not fully thrilled with Q2 results, and hit the ‘Sell’ button, pushing SOFI stock to $13.50. However, since then buyers have come in and moved the stock back to $15, a level that is acting as support.\nWhat To Expect From SOFI Stock\nSoFi Technologies is still a young company. Therefore on Investing.com, we have two analysts polled, both of whom have rated it a ‘buy.’ The shares have a 12-month price target of $26.50, implying a return of about 75% from current levels.\nThe stock’s P/B ratio stands at 2.86x. By comparison, the P/B ratios of fintech darlings PayPal (NASDAQ:PYPL) and Square (NYSE:SQ) are 16.25x and 45.93x, respectively\nInvestors who watch technical charts might be interested to know that anup movetoward the $17-$17.5 level is likely. In that case, SOFI stock would possibly hit resistance around $17.5 after which it could trade sideways as it establishes a new base.\nSource: Investing.com\nFinally, as part of the short-term sentiment analysis, it would be important to look at the implied volatility (IV) levels for SoFi Technologies options, which typically show traders the market's opinion of potential moves in a security. However, this metric does not forecast the direction of the move.\nSOFI’s current implied volatility is 59.7, which is lower than the 20-day moving average of 67.4. This metric means implied volatility is trending lower. Although the current IV level could change, for now, the market does not seem to expect extreme choppiness in the shares.\nAlthough our expectation is for the stock price to increase in the coming weeks, it is not likely to be a straight move higher. There could even be a further decline toward $14 before a new up leg starts. In case of such a decline, potential SoFi Technologies stock investors would then find better value in the stock.\n4 Possible Trades1. Buy SOFI Stock At Current Levels\nInvestors who are not concerned with daily moves in price and who believe in the long-term potential of the company could consider investing in SoFi Technologies shares now.\nOn Sept. 3, SOFI stock closed at $15.16. Buy-and-hold investors should expect to keep this long position for several months while the stock potentially makes an attempt, first toward $17.5 and then $20, leading to a return of over 30%.\nHowever, investors who are concerned about large declines might also consider placing a stop-loss about 3-5% below their entry point.\nOnce the stock is firmly established around $20, it could then potentially make another move toward the record high $28.26. However, such an increase would possibly take several quarters.\n2. Sell A Cash-Secured Put Option On SOFI Stock\nOur second trade involves a cash-secured put strategy. We have recently covered this option in numerous articles. Here is one example.\nBullish SoFi Technologies stock traders could now sell a Dec. 17, 15-strike put option, which is currently being offered at $2.13.\nAssuming traders would enter this put-selling strategy at the current price, the upside is keeping this premium of $213 as long as SOFI stock closes above $15, when the option expires. A total of $213 would be the maximum return for this trade (excluding trading costs and taxes).\nThe downside is if SoFi Technologies stock trades below $15.00 ahead of expiration. Should that occur, traders could be assigned 100 shares for each sold put at a cost of $15.00 per share.\nAt expiry, this trade would break even at a stock price of $12.87 (i.e., $15-$2.13).\n3. Buy An ETF That Has SoFi Technologies As A Holding\nMany readers are familiar with the fact that we regularly cover exchange-traded funds (ETFs) that might be suitable for buy-and-hold investors. Thus, readers who do not want to commit capital to SOFI stock but would still like to have exposure to the shares could consider researching a fund that holds the company.\nHowever, since SoFi Technologies is a small and young company, it is not yet a leading holding in an ETF. This means such an investment would provide only a limited exposure to SOFI shares.\nNonetheless, examples of ETFs that have SOFI stock include:\n\nThe De-SPAC ETF (NYSE:DSPC): This new fund is about flat since inception in May 2021. SOFI stock’s weighting is 3.85%;\nJPMorgan BetaBuilders U.S. Small Cap Equity ETF (NYSE:BBSC): The fund is up 17.2% YTD, and SOFI stock’s weighting is 0.38%;\nFirst Trust US Equity Opportunities ETF (NYSE:FPX): The fund is up 10.9% YTD, and SOFI stock’s weighting is 0.29%.\n\n4. Buy Shares In Another Fintech Company\nPotential investors who are interested in the fintech space, could consider investing in other names in the sector as well. Several names that could appeal to readers are (in alphabetical order):\n\nBill.com (NYSE:BILL): up 117.7% YTD;\nFiserv (NASDAQ:FISV): up 1.6% YTD;\nGreen Dot (NYSE:GDOT): down 1.8% YTD;\nJPMorgan Chase (NYSE:JPM): up 25.5% YTD;\nLemonade (NYSE:LMND): down 36.9% YTD;\nMarqeta (NASDAQ:MQ): down 17.1% since going public in June;\nMercadoLibre (NASDAQ:MELI): up 16.2% YTD;\nPayPal: up 23.4% YTD;\nSilvergate Capital (NYSE:SI): up 62.4% YTD;\nSquare: up 23.9% YTD;\nStoneCo (NASDAQ:STNE): down 46.8% YTD;\nVisa (NYSE:V): up 2.9% YTD.\n\nAs the returns above highlight, the fortunes of these companies have varied significantly in 2021. Therefore, potential investors would need to research them well before committing capital into the shares.\nBottom Line\nSince going public in early June, SOFI stock has been in the limelight. Although the record high share price of $28.26, which was seen in February before the the reverse-merger was completed, seems quite distant now, the company is likely to create better shareholder value in the months ahead. Meanwhile, the company could even find itself a takeover candidate.","news_type":1,"symbols_score_info":{"SOFI":0.9}},"isVote":1,"tweetType":1,"viewCount":2596,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814774418,"gmtCreate":1630888247534,"gmtModify":1631888200775,"author":{"id":"3574165011010503","authorId":"3574165011010503","name":"kaiboon","avatar":"https://static.tigerbbs.com/47210bc0bbca6cb9e977c2d4266b7274","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574165011010503","idStr":"3574165011010503"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/814774418","repostId":"1143325200","repostType":4,"repost":{"id":"1143325200","kind":"news","pubTimestamp":1630882610,"share":"https://www.laohu8.com/m/news/1143325200?lang=zh_CN&edition=full","pubTime":"2021-09-06 06:56","market":"us","language":"en","title":"GameStop, Moderna, Home Depot, Kroger, and Other Stocks for Investors to Watch This Week<blockquote>游戏驿站、Moderna、家得宝、克罗格等本周值得投资者关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1143325200","media":"Barrons","summary":"U.S. stock and bond markets are closed on Monday for Labor Day. The holiday-shortened week then feat","content":"<p>U.S. stock and bond markets are closed on Monday for Labor Day. The holiday-shortened week then features several notable company updates and economic data releases.</p><p><blockquote>美国股市和债市周一因劳动节休市。假期缩短的一周将发布几个值得注意的公司更新和经济数据。</blockquote></p><p> GameStop and Lululemon Athletica release quarterly results on Wednesday, followed by International Paper on Thursday and Kroger on Friday. Analog Devices—fresh off of its $21 billion acquisition of Maxim Integrated Products—will host an investor day on Wednesday. Moderna, Danaher, and Home Depot managements will also speak with investors on Thursday. Finally, Albemarle hosts an investor day on Friday.</p><p><blockquote>游戏驿站和Lululemon Athletica将于周三发布季度业绩，国际纸业将于周四发布季度业绩，克罗格将于周五发布季度业绩。Analog Devices刚刚以210亿美元收购Maxim Integrated Products，将于周三举办投资者日。Moderna、丹纳赫和家得宝管理层也将于周四与投资者交谈。最后，雅宝将于周五举办投资者日。</blockquote></p><p> The economic data highlight of the week will be Friday’s August producer price index from the Bureau of Labor Statistics. Economists’ consensus estimate is for a 0.6% monthly rise in the headline index, and a 0.5% increase for the core PPI—which leaves out more volatile food and energy prices. Both the core and headline indexes rose 1% in July. The August consumer price index will be out the following week, on Sept. 14.</p><p><blockquote>本周的经济数据亮点将是周五美国劳工统计局公布的8月份生产者价格指数。经济学家的普遍预期是总体指数月度上涨0.6%，核心PPI上涨0.5%——这还不包括波动更大的食品和能源价格。7月份核心指数和整体指数均上涨1%。8月份消费者价格指数将于下周9月14日公布。</blockquote></p><p> On Tuesday, the Federal Reserve will release its latest beige book, full of updates on economic, hiring, and business conditions in each of the dozen central bank districts. The European Central Bank also announces a monetary-policy decision on Thursday, but is widely expected to hold its target interest rate at its current level of negative 0.5%.</p><p><blockquote>周二，美联储将发布最新的褐皮书，其中包含十几个中央银行区的经济、招聘和商业状况的最新信息。欧洲央行也将于周四宣布货币政策决定，但市场普遍预计将把目标利率维持在目前负0.5%的水平。</blockquote></p><p> <b>Monday 9/6</b></p><p><blockquote><b>星期一9/6</b></blockquote></p><p> Stock and fixed-income markets are closed in observance of Labor Day.</p><p><blockquote>股票和固定收益市场因劳动节休市。</blockquote></p><p> <b>Tuesday 9/7</b></p><p><blockquote><b>星期二9/7</b></blockquote></p><p> Casey’s General Stores and Coupa Software announce earnings.</p><p><blockquote>Casey’s General Stores和Coupa Software公布收益。</blockquote></p><p> <b>Wednesday 9/8</b></p><p><blockquote><b>星期三9/8</b></blockquote></p><p> Copart, GameStop, and Lululemon Athletica release quarterly results.</p><p><blockquote>Copart、游戏驿站和Lululemon Athletica发布季度业绩。</blockquote></p><p> Analog Devices hosts a conference call to discuss its capital-allocation plans and update its outlook for fiscal 2021. The company recently closed its $21 billion acquisition of Maxim Integrated Products.</p><p><blockquote>ADI公司召开电话会议，讨论其资本配置计划并更新2021财年展望。该公司最近完成了对Maxim Integrated Products的210亿美元收购。</blockquote></p><p> Global Payments, Johnson Controls International, and ResMed hold virtual investor days.</p><p><blockquote>Global Payments、江森自控国际和ResMed举办虚拟投资者日。</blockquote></p><p> The Bureau of Labor Statistics releases the Job Openings and Labor Turnover Survey. Consensus estimate is for 10 million job openings on the last business day of July. In June, there were 10.1 million openings, the fourth consecutive monthly record.</p><p><blockquote>劳工统计局发布职位空缺和劳动力流动调查。普遍估计7月最后一个工作日将有1000万个职位空缺。6月份，有1010万个职位空缺，连续第四个月创下纪录。</blockquote></p><p> The Federal Reserve reports consumer credit data for July. Total outstanding consumer debt increased by $37.7 billion to a record $4.32 trillion in June. For the second quarter, consumer credit rose at a seasonally adjusted annual rate of 8.8%, reflecting pent-up demand.</p><p><blockquote>美联储公布7月份消费者信贷数据。6月份未偿消费者债务总额增加377亿美元，达到创纪录的4.32万亿美元。第二季度，消费信贷经季节调整后的年率增长8.8%，反映了被压抑的需求。</blockquote></p><p> The Federal Reserve releases the beige book for the sixth of eight times this year. The report summarizes current economic conditions among the 12 Federal Reserve districts.</p><p><blockquote>美联储今年八次发布褐皮书中的第六次。该报告总结了12个美联储地区当前的经济状况。</blockquote></p><p> <b>Thursday 9/9</b></p><p><blockquote><b>星期四9/9</b></blockquote></p><p> Home Depot hosts a conference call to discuss its ESG strategy, led by Ron Jarvis, the company’s chief sustainability officer.</p><p><blockquote>家得宝召开电话会议讨论其ESG战略，由公司首席可持续发展官Ron Jarvis主持。</blockquote></p><p> Moderna hosts its fifth annual R&D day to discuss vaccines in the company’s pipeline. CEO Stéphane Bancel will be among the presenters.</p><p><blockquote>Moderna举办第五届年度研发日，讨论公司在研疫苗。首席执行官Stéphane Bancel将是演讲者之一。</blockquote></p><p> Danaher holds an investor and analyst meeting, hosted by its CEO Rainer Blair.</p><p><blockquote>丹纳赫召开投资者和分析师会议，由首席执行官Rainer Blair主持。</blockquote></p><p> International Paper, Synchrony Financial, and Willis Towers Watson hold investor days.</p><p><blockquote>国际纸业、同步金融和威利斯韬睿惠悦举办投资者日。</blockquote></p><p> The European Central Bank announces its monetary-policy decision. The ECB is expected to keep its key interest rate unchanged at minus 0.5%.</p><p><blockquote>欧洲中央银行宣布其货币政策决定。预计欧洲央行将维持关键利率在负0.5%不变。</blockquote></p><p> The Department of Labor reports initial jobless claims for the week ending on Sept. 4. In August, claims averaged 355,000 a week, the lowest since the pandemic’s onset. This will also be the last week that the extra $300 from federal enhanced unemployment benefits is available. They are set to expire by Sept. 6.</p><p><blockquote>劳工部报告了截至9月4日当周的首次申请失业救济人数。8月份，平均每周申请失业救济人数为35.5万人，为疫情爆发以来的最低水平。这也将是联邦强化失业救济金额外发放300美元的最后一周。它们将于9月6日到期。</blockquote></p><p> <b>Friday 9/10</b></p><p><blockquote><b>星期五9/10</b></blockquote></p><p> The BLS reports the producer price index for August. Economists forecast a 0.6% monthly rise along with a 0.5% increase for the core PPI, which excludes volatile food and energy prices. Both jumped 1% in July.</p><p><blockquote>BLS报告8月份生产者价格指数。经济学家预测核心生产者价格指数（不包括波动较大的食品和能源价格）月度上涨0.6%，核心生产者价格指数将上涨0.5%。7月份两者均上涨1%。</blockquote></p><p> Kroger holds a conference calls to discuss earnings.</p><p><blockquote>克罗格评级召开会议讨论收益。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop, Moderna, Home Depot, Kroger, and Other Stocks for Investors to Watch This Week<blockquote>游戏驿站、Moderna、家得宝、克罗格等本周值得投资者关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop, Moderna, Home Depot, Kroger, and Other Stocks for Investors to Watch This Week<blockquote>游戏驿站、Moderna、家得宝、克罗格等本周值得投资者关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-09-06 06:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>U.S. stock and bond markets are closed on Monday for Labor Day. The holiday-shortened week then features several notable company updates and economic data releases.</p><p><blockquote>美国股市和债市周一因劳动节休市。假期缩短的一周将发布几个值得注意的公司更新和经济数据。</blockquote></p><p> GameStop and Lululemon Athletica release quarterly results on Wednesday, followed by International Paper on Thursday and Kroger on Friday. Analog Devices—fresh off of its $21 billion acquisition of Maxim Integrated Products—will host an investor day on Wednesday. Moderna, Danaher, and Home Depot managements will also speak with investors on Thursday. Finally, Albemarle hosts an investor day on Friday.</p><p><blockquote>游戏驿站和Lululemon Athletica将于周三发布季度业绩，国际纸业将于周四发布季度业绩，克罗格将于周五发布季度业绩。Analog Devices刚刚以210亿美元收购Maxim Integrated Products，将于周三举办投资者日。Moderna、丹纳赫和家得宝管理层也将于周四与投资者交谈。最后，雅宝将于周五举办投资者日。</blockquote></p><p> The economic data highlight of the week will be Friday’s August producer price index from the Bureau of Labor Statistics. Economists’ consensus estimate is for a 0.6% monthly rise in the headline index, and a 0.5% increase for the core PPI—which leaves out more volatile food and energy prices. Both the core and headline indexes rose 1% in July. The August consumer price index will be out the following week, on Sept. 14.</p><p><blockquote>本周的经济数据亮点将是周五美国劳工统计局公布的8月份生产者价格指数。经济学家的普遍预期是总体指数月度上涨0.6%，核心PPI上涨0.5%——这还不包括波动更大的食品和能源价格。7月份核心指数和整体指数均上涨1%。8月份消费者价格指数将于下周9月14日公布。</blockquote></p><p> On Tuesday, the Federal Reserve will release its latest beige book, full of updates on economic, hiring, and business conditions in each of the dozen central bank districts. The European Central Bank also announces a monetary-policy decision on Thursday, but is widely expected to hold its target interest rate at its current level of negative 0.5%.</p><p><blockquote>周二，美联储将发布最新的褐皮书，其中包含十几个中央银行区的经济、招聘和商业状况的最新信息。欧洲央行也将于周四宣布货币政策决定，但市场普遍预计将把目标利率维持在目前负0.5%的水平。</blockquote></p><p> <b>Monday 9/6</b></p><p><blockquote><b>星期一9/6</b></blockquote></p><p> Stock and fixed-income markets are closed in observance of Labor Day.</p><p><blockquote>股票和固定收益市场因劳动节休市。</blockquote></p><p> <b>Tuesday 9/7</b></p><p><blockquote><b>星期二9/7</b></blockquote></p><p> Casey’s General Stores and Coupa Software announce earnings.</p><p><blockquote>Casey’s General Stores和Coupa Software公布收益。</blockquote></p><p> <b>Wednesday 9/8</b></p><p><blockquote><b>星期三9/8</b></blockquote></p><p> Copart, GameStop, and Lululemon Athletica release quarterly results.</p><p><blockquote>Copart、游戏驿站和Lululemon Athletica发布季度业绩。</blockquote></p><p> Analog Devices hosts a conference call to discuss its capital-allocation plans and update its outlook for fiscal 2021. The company recently closed its $21 billion acquisition of Maxim Integrated Products.</p><p><blockquote>ADI公司召开电话会议，讨论其资本配置计划并更新2021财年展望。该公司最近完成了对Maxim Integrated Products的210亿美元收购。</blockquote></p><p> Global Payments, Johnson Controls International, and ResMed hold virtual investor days.</p><p><blockquote>Global Payments、江森自控国际和ResMed举办虚拟投资者日。</blockquote></p><p> The Bureau of Labor Statistics releases the Job Openings and Labor Turnover Survey. Consensus estimate is for 10 million job openings on the last business day of July. In June, there were 10.1 million openings, the fourth consecutive monthly record.</p><p><blockquote>劳工统计局发布职位空缺和劳动力流动调查。普遍估计7月最后一个工作日将有1000万个职位空缺。6月份，有1010万个职位空缺，连续第四个月创下纪录。</blockquote></p><p> The Federal Reserve reports consumer credit data for July. Total outstanding consumer debt increased by $37.7 billion to a record $4.32 trillion in June. For the second quarter, consumer credit rose at a seasonally adjusted annual rate of 8.8%, reflecting pent-up demand.</p><p><blockquote>美联储公布7月份消费者信贷数据。6月份未偿消费者债务总额增加377亿美元，达到创纪录的4.32万亿美元。第二季度，消费信贷经季节调整后的年率增长8.8%，反映了被压抑的需求。</blockquote></p><p> The Federal Reserve releases the beige book for the sixth of eight times this year. The report summarizes current economic conditions among the 12 Federal Reserve districts.</p><p><blockquote>美联储今年八次发布褐皮书中的第六次。该报告总结了12个美联储地区当前的经济状况。</blockquote></p><p> <b>Thursday 9/9</b></p><p><blockquote><b>星期四9/9</b></blockquote></p><p> Home Depot hosts a conference call to discuss its ESG strategy, led by Ron Jarvis, the company’s chief sustainability officer.</p><p><blockquote>家得宝召开电话会议讨论其ESG战略，由公司首席可持续发展官Ron Jarvis主持。</blockquote></p><p> Moderna hosts its fifth annual R&D day to discuss vaccines in the company’s pipeline. CEO Stéphane Bancel will be among the presenters.</p><p><blockquote>Moderna举办第五届年度研发日，讨论公司在研疫苗。首席执行官Stéphane Bancel将是演讲者之一。</blockquote></p><p> Danaher holds an investor and analyst meeting, hosted by its CEO Rainer Blair.</p><p><blockquote>丹纳赫召开投资者和分析师会议，由首席执行官Rainer Blair主持。</blockquote></p><p> International Paper, Synchrony Financial, and Willis Towers Watson hold investor days.</p><p><blockquote>国际纸业、同步金融和威利斯韬睿惠悦举办投资者日。</blockquote></p><p> The European Central Bank announces its monetary-policy decision. The ECB is expected to keep its key interest rate unchanged at minus 0.5%.</p><p><blockquote>欧洲中央银行宣布其货币政策决定。预计欧洲央行将维持关键利率在负0.5%不变。</blockquote></p><p> The Department of Labor reports initial jobless claims for the week ending on Sept. 4. In August, claims averaged 355,000 a week, the lowest since the pandemic’s onset. This will also be the last week that the extra $300 from federal enhanced unemployment benefits is available. They are set to expire by Sept. 6.</p><p><blockquote>劳工部报告了截至9月4日当周的首次申请失业救济人数。8月份，平均每周申请失业救济人数为35.5万人，为疫情爆发以来的最低水平。这也将是联邦强化失业救济金额外发放300美元的最后一周。它们将于9月6日到期。</blockquote></p><p> <b>Friday 9/10</b></p><p><blockquote><b>星期五9/10</b></blockquote></p><p> The BLS reports the producer price index for August. Economists forecast a 0.6% monthly rise along with a 0.5% increase for the core PPI, which excludes volatile food and energy prices. Both jumped 1% in July.</p><p><blockquote>BLS报告8月份生产者价格指数。经济学家预测核心生产者价格指数（不包括波动较大的食品和能源价格）月度上涨0.6%，核心生产者价格指数将上涨0.5%。7月份两者均上涨1%。</blockquote></p><p> Kroger holds a conference calls to discuss earnings.</p><p><blockquote>克罗格评级召开会议讨论收益。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/gamestop-moderna-home-depot-kroger-and-other-stocks-for-investors-to-watch-this-week-51630853023?mod=hp_LATEST\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","GME":"游戏驿站",".IXIC":"NASDAQ Composite","MRNA":"Moderna, Inc.","HD":"家得宝","KR":"克罗格",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/gamestop-moderna-home-depot-kroger-and-other-stocks-for-investors-to-watch-this-week-51630853023?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143325200","content_text":"U.S. stock and bond markets are closed on Monday for Labor Day. The holiday-shortened week then features several notable company updates and economic data releases.\nGameStop and Lululemon Athletica release quarterly results on Wednesday, followed by International Paper on Thursday and Kroger on Friday. Analog Devices—fresh off of its $21 billion acquisition of Maxim Integrated Products—will host an investor day on Wednesday. Moderna, Danaher, and Home Depot managements will also speak with investors on Thursday. Finally, Albemarle hosts an investor day on Friday.\nThe economic data highlight of the week will be Friday’s August producer price index from the Bureau of Labor Statistics. Economists’ consensus estimate is for a 0.6% monthly rise in the headline index, and a 0.5% increase for the core PPI—which leaves out more volatile food and energy prices. Both the core and headline indexes rose 1% in July. The August consumer price index will be out the following week, on Sept. 14.\nOn Tuesday, the Federal Reserve will release its latest beige book, full of updates on economic, hiring, and business conditions in each of the dozen central bank districts. The European Central Bank also announces a monetary-policy decision on Thursday, but is widely expected to hold its target interest rate at its current level of negative 0.5%.\nMonday 9/6\nStock and fixed-income markets are closed in observance of Labor Day.\nTuesday 9/7\nCasey’s General Stores and Coupa Software announce earnings.\nWednesday 9/8\nCopart, GameStop, and Lululemon Athletica release quarterly results.\nAnalog Devices hosts a conference call to discuss its capital-allocation plans and update its outlook for fiscal 2021. The company recently closed its $21 billion acquisition of Maxim Integrated Products.\nGlobal Payments, Johnson Controls International, and ResMed hold virtual investor days.\nThe Bureau of Labor Statistics releases the Job Openings and Labor Turnover Survey. Consensus estimate is for 10 million job openings on the last business day of July. In June, there were 10.1 million openings, the fourth consecutive monthly record.\nThe Federal Reserve reports consumer credit data for July. Total outstanding consumer debt increased by $37.7 billion to a record $4.32 trillion in June. For the second quarter, consumer credit rose at a seasonally adjusted annual rate of 8.8%, reflecting pent-up demand.\nThe Federal Reserve releases the beige book for the sixth of eight times this year. The report summarizes current economic conditions among the 12 Federal Reserve districts.\nThursday 9/9\nHome Depot hosts a conference call to discuss its ESG strategy, led by Ron Jarvis, the company’s chief sustainability officer.\nModerna hosts its fifth annual R&D day to discuss vaccines in the company’s pipeline. CEO Stéphane Bancel will be among the presenters.\nDanaher holds an investor and analyst meeting, hosted by its CEO Rainer Blair.\nInternational Paper, Synchrony Financial, and Willis Towers Watson hold investor days.\nThe European Central Bank announces its monetary-policy decision. The ECB is expected to keep its key interest rate unchanged at minus 0.5%.\nThe Department of Labor reports initial jobless claims for the week ending on Sept. 4. In August, claims averaged 355,000 a week, the lowest since the pandemic’s onset. This will also be the last week that the extra $300 from federal enhanced unemployment benefits is available. They are set to expire by Sept. 6.\nFriday 9/10\nThe BLS reports the producer price index for August. Economists forecast a 0.6% monthly rise along with a 0.5% increase for the core PPI, which excludes volatile food and energy prices. Both jumped 1% in July.\nKroger holds a conference calls to discuss earnings.","news_type":1,"symbols_score_info":{".IXIC":0.9,"GME":0.9,"MRNA":0.9,"KR":0.9,".SPX":0.9,".DJI":0.9,"HD":0.9}},"isVote":1,"tweetType":1,"viewCount":1329,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815167966,"gmtCreate":1630657677155,"gmtModify":1631888200791,"author":{"id":"3574165011010503","authorId":"3574165011010503","name":"kaiboon","avatar":"https://static.tigerbbs.com/47210bc0bbca6cb9e977c2d4266b7274","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574165011010503","idStr":"3574165011010503"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/815167966","repostId":"1168498795","repostType":4,"repost":{"id":"1168498795","kind":"news","pubTimestamp":1630655991,"share":"https://www.laohu8.com/m/news/1168498795?lang=zh_CN&edition=full","pubTime":"2021-09-03 15:59","market":"us","language":"en","title":"Speak No Evil of the S&P 500’s Neverending Records<blockquote>不要说标普500永无止境的记录的坏话</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1168498795","media":"The Wall Street Journal","summary":"Investors buying stocks no matter what shouldn’t fool themselves that the future will deliver the ch","content":"<p> <b>Investors buying stocks no matter what shouldn’t fool themselves that the future will deliver the chunky returns of the past decade.</b> <img src=\"https://static.tigerbbs.com/6573eb955692f754acc1285622febd53\" tg-width=\"878\" tg-height=\"520\" width=\"100%\" height=\"auto\">The S&P 500 is like the three wise monkeys: See no evil, hear no evil, speak no evil.Whatever happens, it just goes up. The market has gone up almost in a straight line since November despite a troubling list of events that could each have justified at least a 5% correction. Investors are incredibly resilient.</p><p><blockquote><b>无论如何购买股票的投资者都不应该自欺欺人地认为未来将带来过去十年的丰厚回报。</b>标普500就像三只聪明的猴子：不看邪恶，不听邪恶，不说邪恶。无论发生什么，它都会上升。自11月以来，市场几乎直线上涨，尽管发生了一系列令人不安的事件，每个事件都可能证明至少5%的回调是合理的。投资者的韧性令人难以置信。</blockquote></p><p> Some things that didn’t matter:a burst bubble in clean-energy stocks;a sharp rise in Treasury yields(to March);a big fall in Treasury yields(since March); China’s crackdown on moneymaking; the Federal Reserve’sshift toward tapering bond purchases; and the rise of the Delta variant.</p><p><blockquote>一些无关紧要的事情：清洁能源股票泡沫破裂；国债收益率大幅上升（至3月）；国债收益率大幅下跌（自3月以来）；我国关于赚钱的打压；美联储转向缩减债券购买；以及德尔塔变异毒株的崛起。</blockquote></p><p> On the optimistic side, it is great that the market has been pushed up by a variety of forces, not by wild excess in a single area. We need not worry that the bubble in clean energy will burst and bring down the market, because it has already burst without bringing down the market.</p><p><blockquote>乐观的一面是，市场被多种力量推高，而不是单一地区的疯狂过剩，这很好。我们不必担心清洁能源的泡沫会破裂，拖垮市场，因为它已经破裂了，没有拖垮市场。</blockquote></p><p> Throughout all this, the stock market has risen steadily,without a 5% fall since shortly before the election last year. Every time part of the market—technology stocks, cheap stocks, smaller stocks, oil stocks, strong-balance-sheet stocks—stops performing, something else steps in to rescue the broader index. The market seems invulnerable to bad news, and that is unusual. On the face of it, it is also scary, suggesting investors are complacent about danger.</p><p><blockquote>纵观这一切，股市稳步上涨，自去年大选前不久以来没有出现过5%的下跌。每当市场的一部分——科技股、廉价股、小型股、石油股、资产负债表强劲的股票——停止表现时，就会有其他东西介入拯救更广泛的指数。市场似乎不会受到坏消息的影响，这是不寻常的。从表面上看，这也很可怕，表明投资者对危险沾沾自喜。</blockquote></p><p> It is far from unprecedented to go a long time without a correction, with 10 episodes since 1963 when the market lasted more than 200 trading days without a 5% drop. But they were different from the recent run. In every other case, the market was far calmer below the surface. This time, major events led to big swings between sectors, size and types of stock, but none disturbed its steady rise.</p><p><blockquote>长时间没有回调的情况远非史无前例，自1963年以来，市场持续200多个交易日没有下跌5%以来，已经出现了10次。但它们与最近的运行不同。在其他情况下，市场在表面之下要平静得多。这一次，重大事件导致板块、规模和股票类型之间的大幅波动，但都没有干扰其稳步上涨。</blockquote></p><p> Similarly, the stimulus- and vaccine-driven willingness to take risk across every asset class faded from March onward, so we shouldn’t be too concerned about a switch in investor sentiment. Again, it has already happened.</p><p><blockquote>同样，从3月份开始，刺激和疫苗驱动的所有资产类别的冒险意愿都减弱了，因此我们不应该太担心投资者情绪的转变。再说一次，这已经发生了。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7d8b995934c7f60fadb5834dd078e232\" tg-width=\"320\" tg-height=\"412\" width=\"100%\" height=\"auto\">Yet,I find it disconcerting that the market seems to go up no matter what. Good news on the economy pushes up stocks sensitive to growth, such as manufacturers and banks. Troubling news on the economy means lower bond yields and so pushes up stocks with profits far in the future (see: Big Tech) whose expansion depends on innovation rather than economic growth, which I understand. That both should push up the wider S&P 500 is what puzzles me.</p><p><blockquote>然而，令我不安的是，无论如何，市场似乎都在上涨。经济方面的好消息推高了对增长敏感的股票，如制造商和银行。令人不安的经济消息意味着债券收益率下降，从而推高未来盈利的股票（见：大型科技公司），这些股票的扩张依赖于创新而不是经济增长，我理解这一点。两者都应该推高更广泛的标普500，这让我感到困惑。</blockquote></p><p> The only explanation I have is the old one: “TINA”—There Is No Alternative to Stocks—because yields on alternatives such as bonds are so low. With more savings going into stocks than is cashed out or soaked up by IPOs, the price has to rise. It isn’t a satisfactory story, but it kind of works.</p><p><blockquote>我唯一的解释是旧的：“蒂娜”——除了股票别无选择——因为债券等替代品的收益率太低了。随着更多的储蓄进入股票，而不是通过IPO套现或吸收的储蓄，价格必须上涨。这不是一个令人满意的故事，但它有点工作。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/37942e27b25662943d254580733d2954\" tg-width=\"325\" tg-height=\"413\" width=\"100%\" height=\"auto\">In both good and bad times investors want to buy stocks, so the S&P goes up. But<i>which</i>stocks they choose to buy differs between good and bad times. In good times they want risk-on stocks (cheap value, cyclicals, smaller companies, emerging markets). In bad times they want risk-off stocks (growth, defensive firms, larger companies, developed markets and especially the U.S.).</p><p><blockquote>无论顺境还是逆境，投资者都想购买股票，因此标准普尔指数都会上涨。但<i>哪个</i>他们选择购买的股票在顺境和逆境之间有所不同。在繁荣时期，他们想要冒险的股票（便宜的价值、周期性股票、小公司、新兴市场）。在经济不景气时，他们想要避险股票（成长型、防御型公司、大型公司、发达市场，尤其是美国）。</blockquote></p><p> The problem with TINA is that the justification for stocks isn’t that they offer good returns in the future, but that they offer better returns than bonds. Bonds offer miserable returns—a guaranteed loss after inflation for 30 years on Treasury inflation-protected securities—so doing better than that isn’t saying much. If lower rewards came with lower risks, that would be fine, but at best the risks are as high as ever, perhaps much higher.</p><p><blockquote>蒂娜的问题在于，股票的理由不是它们在未来提供良好的回报，而是它们提供比债券更好的回报。债券的回报率很低——通胀保值国债30年通胀后肯定会出现亏损——所以做得更好并不能说明什么。如果较低的回报伴随着较低的风险，那很好，但充其量风险和以往一样高，甚至可能高得多。</blockquote></p><p> A simplistic way to quantify how much lower the rewards of stocks are likely to be is to use the earnings yield, the inverse of the forward price/earnings ratio. If companies match analyst profit forecasts, future returns should be about 4%—only slightly higher than was suggested by the measure at the height of the dot-com bubble in 2000. If corporate earnings miss forecasts, future returns could be substantially lower. If valuations fall too, returns are doubly hit, as they were after the dot-com bubble burst, when returns ended up negative for years.</p><p><blockquote>量化股票回报可能低多少的一个简单方法是使用收益率，即远期市盈率的倒数。如果公司符合分析师的利润预测，未来的回报率应该在4%左右——仅略高于2000年互联网泡沫最严重时的指标。如果企业盈利低于预期，未来的回报可能会大幅降低。如果估值也下跌，回报就会受到双重打击，就像互联网泡沫破裂后那样，当时回报多年来一直为负。</blockquote></p><p></p><p> Quantifying risks is much harder. Inflation risk is higher than before, and so are political (tax and regulation) and geopolitical (trade and supply chain) threats to stocks. The risk that analysts have horribly overestimated earnings or companies are massively overstating earnings is at least as high as usual. Central banks are sure to try to help if stocks plunge, but can’t use the traditional support of rate cuts. Alternative tools such as negative rates and buying a wider range of assets are available, but their risks are less well understood.</p><p><blockquote>量化风险要困难得多。通胀风险比以前更高，对股市的政治（税收和监管）和地缘政治（贸易和供应链）威胁也是如此。分析师严重高估收益或公司大幅夸大收益的风险至少和往常一样高。如果股市暴跌，央行肯定会尽力提供帮助，但不能使用降息的传统支持。负利率和购买更广泛的资产等替代工具是可用的，但其风险却不太为人所知。</blockquote></p><p> Getting a lower reward for the same or higher risk may still be acceptable, given how expensive the safer alternatives are. But investors buying stocks no matter what shouldn’t fool themselves that the future will deliver the 6.5% or so above inflation of the past century, let alone the 12% above inflation of the past decade.</p><p><blockquote>考虑到更安全的替代品的昂贵程度，以相同或更高的风险获得较低的回报可能仍然是可以接受的。但无论如何购买股票的投资者都不应该自欺欺人地认为，未来的通胀率将比上个世纪高出6.5%左右，更不用说比过去十年的通胀率高出12%了。</blockquote></p><p> The awful choice investors have is to join the monkeys in pretending all is well, or accept the terrible returns of safe assets.</p><p><blockquote>投资者面临的可怕选择是加入猴子的行列，假装一切都很好，或者接受安全资产的可怕回报。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Speak No Evil of the S&P 500’s Neverending Records<blockquote>不要说标普500永无止境的记录的坏话</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\">\nSpeak No Evil of the S&P 500’s Neverending Records<blockquote>不要说标普500永无止境的记录的坏话</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-09-03 15:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p> <b>Investors buying stocks no matter what shouldn’t fool themselves that the future will deliver the chunky returns of the past decade.</b> <img src=\"https://static.tigerbbs.com/6573eb955692f754acc1285622febd53\" tg-width=\"878\" tg-height=\"520\" width=\"100%\" height=\"auto\">The S&P 500 is like the three wise monkeys: See no evil, hear no evil, speak no evil.Whatever happens, it just goes up. The market has gone up almost in a straight line since November despite a troubling list of events that could each have justified at least a 5% correction. Investors are incredibly resilient.</p><p><blockquote><b>无论如何购买股票的投资者都不应该自欺欺人地认为未来将带来过去十年的丰厚回报。</b>标普500就像三只聪明的猴子：不看邪恶，不听邪恶，不说邪恶。无论发生什么，它都会上升。自11月以来，市场几乎直线上涨，尽管发生了一系列令人不安的事件，每个事件都可能证明至少5%的回调是合理的。投资者的韧性令人难以置信。</blockquote></p><p> Some things that didn’t matter:a burst bubble in clean-energy stocks;a sharp rise in Treasury yields(to March);a big fall in Treasury yields(since March); China’s crackdown on moneymaking; the Federal Reserve’sshift toward tapering bond purchases; and the rise of the Delta variant.</p><p><blockquote>一些无关紧要的事情：清洁能源股票泡沫破裂；国债收益率大幅上升（至3月）；国债收益率大幅下跌（自3月以来）；我国关于赚钱的打压；美联储转向缩减债券购买；以及德尔塔变异毒株的崛起。</blockquote></p><p> On the optimistic side, it is great that the market has been pushed up by a variety of forces, not by wild excess in a single area. We need not worry that the bubble in clean energy will burst and bring down the market, because it has already burst without bringing down the market.</p><p><blockquote>乐观的一面是，市场被多种力量推高，而不是单一地区的疯狂过剩，这很好。我们不必担心清洁能源的泡沫会破裂，拖垮市场，因为它已经破裂了，没有拖垮市场。</blockquote></p><p> Throughout all this, the stock market has risen steadily,without a 5% fall since shortly before the election last year. Every time part of the market—technology stocks, cheap stocks, smaller stocks, oil stocks, strong-balance-sheet stocks—stops performing, something else steps in to rescue the broader index. The market seems invulnerable to bad news, and that is unusual. On the face of it, it is also scary, suggesting investors are complacent about danger.</p><p><blockquote>纵观这一切，股市稳步上涨，自去年大选前不久以来没有出现过5%的下跌。每当市场的一部分——科技股、廉价股、小型股、石油股、资产负债表强劲的股票——停止表现时，就会有其他东西介入拯救更广泛的指数。市场似乎不会受到坏消息的影响，这是不寻常的。从表面上看，这也很可怕，表明投资者对危险沾沾自喜。</blockquote></p><p> It is far from unprecedented to go a long time without a correction, with 10 episodes since 1963 when the market lasted more than 200 trading days without a 5% drop. But they were different from the recent run. In every other case, the market was far calmer below the surface. This time, major events led to big swings between sectors, size and types of stock, but none disturbed its steady rise.</p><p><blockquote>长时间没有回调的情况远非史无前例，自1963年以来，市场持续200多个交易日没有下跌5%以来，已经出现了10次。但它们与最近的运行不同。在其他情况下，市场在表面之下要平静得多。这一次，重大事件导致板块、规模和股票类型之间的大幅波动，但都没有干扰其稳步上涨。</blockquote></p><p> Similarly, the stimulus- and vaccine-driven willingness to take risk across every asset class faded from March onward, so we shouldn’t be too concerned about a switch in investor sentiment. Again, it has already happened.</p><p><blockquote>同样，从3月份开始，刺激和疫苗驱动的所有资产类别的冒险意愿都减弱了，因此我们不应该太担心投资者情绪的转变。再说一次，这已经发生了。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7d8b995934c7f60fadb5834dd078e232\" tg-width=\"320\" tg-height=\"412\" width=\"100%\" height=\"auto\">Yet,I find it disconcerting that the market seems to go up no matter what. Good news on the economy pushes up stocks sensitive to growth, such as manufacturers and banks. Troubling news on the economy means lower bond yields and so pushes up stocks with profits far in the future (see: Big Tech) whose expansion depends on innovation rather than economic growth, which I understand. That both should push up the wider S&P 500 is what puzzles me.</p><p><blockquote>然而，令我不安的是，无论如何，市场似乎都在上涨。经济方面的好消息推高了对增长敏感的股票，如制造商和银行。令人不安的经济消息意味着债券收益率下降，从而推高未来盈利的股票（见：大型科技公司），这些股票的扩张依赖于创新而不是经济增长，我理解这一点。两者都应该推高更广泛的标普500，这让我感到困惑。</blockquote></p><p> The only explanation I have is the old one: “TINA”—There Is No Alternative to Stocks—because yields on alternatives such as bonds are so low. With more savings going into stocks than is cashed out or soaked up by IPOs, the price has to rise. It isn’t a satisfactory story, but it kind of works.</p><p><blockquote>我唯一的解释是旧的：“蒂娜”——除了股票别无选择——因为债券等替代品的收益率太低了。随着更多的储蓄进入股票，而不是通过IPO套现或吸收的储蓄，价格必须上涨。这不是一个令人满意的故事，但它有点工作。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/37942e27b25662943d254580733d2954\" tg-width=\"325\" tg-height=\"413\" width=\"100%\" height=\"auto\">In both good and bad times investors want to buy stocks, so the S&P goes up. But<i>which</i>stocks they choose to buy differs between good and bad times. In good times they want risk-on stocks (cheap value, cyclicals, smaller companies, emerging markets). In bad times they want risk-off stocks (growth, defensive firms, larger companies, developed markets and especially the U.S.).</p><p><blockquote>无论顺境还是逆境，投资者都想购买股票，因此标准普尔指数都会上涨。但<i>哪个</i>他们选择购买的股票在顺境和逆境之间有所不同。在繁荣时期，他们想要冒险的股票（便宜的价值、周期性股票、小公司、新兴市场）。在经济不景气时，他们想要避险股票（成长型、防御型公司、大型公司、发达市场，尤其是美国）。</blockquote></p><p> The problem with TINA is that the justification for stocks isn’t that they offer good returns in the future, but that they offer better returns than bonds. Bonds offer miserable returns—a guaranteed loss after inflation for 30 years on Treasury inflation-protected securities—so doing better than that isn’t saying much. If lower rewards came with lower risks, that would be fine, but at best the risks are as high as ever, perhaps much higher.</p><p><blockquote>蒂娜的问题在于，股票的理由不是它们在未来提供良好的回报，而是它们提供比债券更好的回报。债券的回报率很低——通胀保值国债30年通胀后肯定会出现亏损——所以做得更好并不能说明什么。如果较低的回报伴随着较低的风险，那很好，但充其量风险和以往一样高，甚至可能高得多。</blockquote></p><p> A simplistic way to quantify how much lower the rewards of stocks are likely to be is to use the earnings yield, the inverse of the forward price/earnings ratio. If companies match analyst profit forecasts, future returns should be about 4%—only slightly higher than was suggested by the measure at the height of the dot-com bubble in 2000. If corporate earnings miss forecasts, future returns could be substantially lower. If valuations fall too, returns are doubly hit, as they were after the dot-com bubble burst, when returns ended up negative for years.</p><p><blockquote>量化股票回报可能低多少的一个简单方法是使用收益率，即远期市盈率的倒数。如果公司符合分析师的利润预测，未来的回报率应该在4%左右——仅略高于2000年互联网泡沫最严重时的指标。如果企业盈利低于预期，未来的回报可能会大幅降低。如果估值也下跌，回报就会受到双重打击，就像互联网泡沫破裂后那样，当时回报多年来一直为负。</blockquote></p><p></p><p> Quantifying risks is much harder. Inflation risk is higher than before, and so are political (tax and regulation) and geopolitical (trade and supply chain) threats to stocks. The risk that analysts have horribly overestimated earnings or companies are massively overstating earnings is at least as high as usual. Central banks are sure to try to help if stocks plunge, but can’t use the traditional support of rate cuts. Alternative tools such as negative rates and buying a wider range of assets are available, but their risks are less well understood.</p><p><blockquote>量化风险要困难得多。通胀风险比以前更高，对股市的政治（税收和监管）和地缘政治（贸易和供应链）威胁也是如此。分析师严重高估收益或公司大幅夸大收益的风险至少和往常一样高。如果股市暴跌，央行肯定会尽力提供帮助，但不能使用降息的传统支持。负利率和购买更广泛的资产等替代工具是可用的，但其风险却不太为人所知。</blockquote></p><p> Getting a lower reward for the same or higher risk may still be acceptable, given how expensive the safer alternatives are. But investors buying stocks no matter what shouldn’t fool themselves that the future will deliver the 6.5% or so above inflation of the past century, let alone the 12% above inflation of the past decade.</p><p><blockquote>考虑到更安全的替代品的昂贵程度，以相同或更高的风险获得较低的回报可能仍然是可以接受的。但无论如何购买股票的投资者都不应该自欺欺人地认为，未来的通胀率将比上个世纪高出6.5%左右，更不用说比过去十年的通胀率高出12%了。</blockquote></p><p> The awful choice investors have is to join the monkeys in pretending all is well, or accept the terrible returns of safe assets.</p><p><blockquote>投资者面临的可怕选择是加入猴子的行列，假装一切都很好，或者接受安全资产的可怕回报。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/speak-no-evil-of-the-s-p-500s-neverending-records-11630590653?mod=markets_lead_pos5\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF"},"source_url":"https://www.wsj.com/articles/speak-no-evil-of-the-s-p-500s-neverending-records-11630590653?mod=markets_lead_pos5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168498795","content_text":"Investors buying stocks no matter what shouldn’t fool themselves that the future will deliver the chunky returns of the past decade.\n\nThe S&P 500 is like the three wise monkeys: See no evil, hear no evil, speak no evil.Whatever happens, it just goes up. The market has gone up almost in a straight line since November despite a troubling list of events that could each have justified at least a 5% correction. Investors are incredibly resilient.\nSome things that didn’t matter:a burst bubble in clean-energy stocks;a sharp rise in Treasury yields(to March);a big fall in Treasury yields(since March); China’s crackdown on moneymaking; the Federal Reserve’sshift toward tapering bond purchases; and the rise of the Delta variant.\nOn the optimistic side, it is great that the market has been pushed up by a variety of forces, not by wild excess in a single area. We need not worry that the bubble in clean energy will burst and bring down the market, because it has already burst without bringing down the market.\nThroughout all this, the stock market has risen steadily,without a 5% fall since shortly before the election last year. Every time part of the market—technology stocks, cheap stocks, smaller stocks, oil stocks, strong-balance-sheet stocks—stops performing, something else steps in to rescue the broader index. The market seems invulnerable to bad news, and that is unusual. On the face of it, it is also scary, suggesting investors are complacent about danger.\nIt is far from unprecedented to go a long time without a correction, with 10 episodes since 1963 when the market lasted more than 200 trading days without a 5% drop. But they were different from the recent run. In every other case, the market was far calmer below the surface. This time, major events led to big swings between sectors, size and types of stock, but none disturbed its steady rise.\nSimilarly, the stimulus- and vaccine-driven willingness to take risk across every asset class faded from March onward, so we shouldn’t be too concerned about a switch in investor sentiment. Again, it has already happened.\nYet,I find it disconcerting that the market seems to go up no matter what. Good news on the economy pushes up stocks sensitive to growth, such as manufacturers and banks. Troubling news on the economy means lower bond yields and so pushes up stocks with profits far in the future (see: Big Tech) whose expansion depends on innovation rather than economic growth, which I understand. That both should push up the wider S&P 500 is what puzzles me.\nThe only explanation I have is the old one: “TINA”—There Is No Alternative to Stocks—because yields on alternatives such as bonds are so low. With more savings going into stocks than is cashed out or soaked up by IPOs, the price has to rise. It isn’t a satisfactory story, but it kind of works.\nIn both good and bad times investors want to buy stocks, so the S&P goes up. Butwhichstocks they choose to buy differs between good and bad times. In good times they want risk-on stocks (cheap value, cyclicals, smaller companies, emerging markets). In bad times they want risk-off stocks (growth, defensive firms, larger companies, developed markets and especially the U.S.).\nThe problem with TINA is that the justification for stocks isn’t that they offer good returns in the future, but that they offer better returns than bonds. Bonds offer miserable returns—a guaranteed loss after inflation for 30 years on Treasury inflation-protected securities—so doing better than that isn’t saying much. If lower rewards came with lower risks, that would be fine, but at best the risks are as high as ever, perhaps much higher.\nA simplistic way to quantify how much lower the rewards of stocks are likely to be is to use the earnings yield, the inverse of the forward price/earnings ratio. If companies match analyst profit forecasts, future returns should be about 4%—only slightly higher than was suggested by the measure at the height of the dot-com bubble in 2000. If corporate earnings miss forecasts, future returns could be substantially lower. If valuations fall too, returns are doubly hit, as they were after the dot-com bubble burst, when returns ended up negative for years.\nQuantifying risks is much harder. Inflation risk is higher than before, and so are political (tax and regulation) and geopolitical (trade and supply chain) threats to stocks. The risk that analysts have horribly overestimated earnings or companies are massively overstating earnings is at least as high as usual. Central banks are sure to try to help if stocks plunge, but can’t use the traditional support of rate cuts. Alternative tools such as negative rates and buying a wider range of assets are available, but their risks are less well understood.\nGetting a lower reward for the same or higher risk may still be acceptable, given how expensive the safer alternatives are. But investors buying stocks no matter what shouldn’t fool themselves that the future will deliver the 6.5% or so above inflation of the past century, let alone the 12% above inflation of the past decade.\nThe awful choice investors have is to join the monkeys in pretending all is well, or accept the terrible returns of safe assets.","news_type":1,"symbols_score_info":{".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":1447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811122748,"gmtCreate":1630300003784,"gmtModify":1704958054773,"author":{"id":"3574165011010503","authorId":"3574165011010503","name":"kaiboon","avatar":"https://static.tigerbbs.com/47210bc0bbca6cb9e977c2d4266b7274","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574165011010503","idStr":"3574165011010503"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/811122748","repostId":"1129600310","repostType":4,"isVote":1,"tweetType":1,"viewCount":1413,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813483340,"gmtCreate":1630229545780,"gmtModify":1704957286051,"author":{"id":"3574165011010503","authorId":"3574165011010503","name":"kaiboon","avatar":"https://static.tigerbbs.com/47210bc0bbca6cb9e977c2d4266b7274","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574165011010503","idStr":"3574165011010503"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/813483340","repostId":"2163079604","repostType":4,"isVote":1,"tweetType":1,"viewCount":1246,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}