个人中心 - 老虎社区

ksyksy

IP属地：未知

帖子 · 6帖子 · 6
关注 · 0关注 · 0
粉丝 · 0粉丝 · 0

- ksyksyksyksy
  ·2021-06-21
  $ContextLogic Inc.(WISH)$ nice
  1,746 评论
  2
  分享
  举报
- ksyksyksyksy
  ·2021-06-16
  [惊讶] [惊讶] [惊讶]
  非常抱歉，此主贴已删除
  2,759 1
  4
  分享
  举报
- ksyksyksyksy
  ·2021-03-23
  Nice
  Jury out on whether ARK Innovation returns are due to Cathie Wood’s skill or luck<blockquote>方舟创新公司的回报是凯西-伍德的技术还是运气，目前尚无定论。</blockquote>
  Statistical scrutiny brings this high-flying ETF down to earth You could have performed as well as t
  Jury out on whether ARK Innovation returns are due to Cathie Wood’s skill or luck<blockquote>方舟创新公司的回报是凯西-伍德的技术还是运气，目前尚无定论。</blockquote>
  2,518 评论
  点赞
  分享
  举报
- ksyksyksyksy
  ·2021-03-08
  Yes
  Buy Target Stock on the Dip, Analyst Says<blockquote>分析师表示，逢低买入目标股票</blockquote>
  Targetstock soared in 2020, as the Covid-19 pandemic funneled millions of new customers to its store
  Buy Target Stock on the Dip, Analyst Says<blockquote>分析师表示，逢低买入目标股票</blockquote>
  1,646 评论
  2
  分享
  举报
- ksyksyksyksy
  ·2021-02-07
  Nice
  非常抱歉，此主贴已删除
  2,736 评论
  点赞
  分享
  举报
- ksyksyksyksy
  ·2021-02-07
  [微笑]
  Robinhood lifts trading restrictions on all stocks, including GameStop<blockquote>Robinhood 取消对包括游戏驿站在内的所有股票的交易限制</blockquote>
  (Reuters) - Online brokerage app Robinhood said on Thursday it has removed temporary trading restric
  Robinhood lifts trading restrictions on all stocks, including GameStop<blockquote>Robinhood 取消对包括游戏驿站在内的所有股票的交易限制</blockquote>
  1,889 评论
  点赞
  分享
  举报
暂无关注

热议股票

{"i18n":{"language":"zh_CN"},"isCurrentUser":false,"userPageInfo":{"id":"3574295412116709","uuid":"3574295412116709","gmtCreate":1611202614941,"gmtModify":1611202614941,"name":"ksyksy","pinyin":"ksyksy","introduction":"","introductionEn":"","signature":"","avatar":"https://static.laohu8.com/default-avatar.jpg","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":1,"headSize":10,"tweetSize":6,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-4","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"明星虎友","description":"加入老虎社区2000天","bigImgUrl":"https://static.tigerbbs.com/dddf24b906c7011de2617d4fb3f76987","smallImgUrl":"https://static.tigerbbs.com/53d58ad32c97254c6f74db8b97e6ec49","grayImgUrl":"https://static.tigerbbs.com/6304700d92ad91c7a33e2e92ec32ecc1","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.07.15","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.10.24","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"228c86a078844d74991fff2b7ab2428d-1","templateUuid":"228c86a078844d74991fff2b7ab2428d","name":"投资经理虎","description":"证券账户累计交易金额达到10万美元","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"60.10%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"35ec162348d5460f88c959321e554969-2","templateUuid":"35ec162348d5460f88c959321e554969","name":"宗师交易员","description":"证券或期货账户累计交易次数达到100次","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.03.09","exceedPercentage":"80.38%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":11,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"page":1,"watchlist":null,"tweetList":[{"id":120056720,"gmtCreate":1624289556660,"gmtModify":1634008296933,"author":{"id":"3574295412116709","authorId":"3574295412116709","name":"ksyksy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574295412116709","idStr":"3574295412116709"},"themes":[],"title":"","htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a> nice","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a> nice","text":"$ContextLogic Inc.(WISH)$ nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120056720","isVote":1,"tweetType":1,"viewCount":1746,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160655510,"gmtCreate":1623797466130,"gmtModify":1634028209030,"author":{"id":"3574295412116709","authorId":"3574295412116709","name":"ksyksy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574295412116709","idStr":"3574295412116709"},"themes":[],"title":"","htmlText":"[惊讶]&nbsp;[惊讶]&nbsp;[惊讶]&nbsp;","listText":"[惊讶]&nbsp;[惊讶]&nbsp;[惊讶]&nbsp;","text":"[惊讶] [惊讶] [惊讶]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/160655510","repostId":"2143680537","repostType":4,"isVote":1,"tweetType":1,"viewCount":2759,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":353481371,"gmtCreate":1616512795493,"gmtModify":1634525404897,"author":{"id":"3574295412116709","authorId":"3574295412116709","name":"ksyksy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574295412116709","idStr":"3574295412116709"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/353481371","repostId":"1137063642","repostType":4,"repost":{"id":"1137063642","kind":"news","pubTimestamp":1616505836,"share":"https://www.laohunote.com/m/news/1137063642?lang=zh_CN&edition=full","pubTime":"2021-03-23 21:23","market":"us","language":"en","title":"Jury out on whether ARK Innovation returns are due to Cathie Wood’s skill or luck<blockquote>方舟创新公司的回报是凯西-伍德的技术还是运气，目前尚无定论。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137063642","media":"MarketWatch","summary":"Statistical scrutiny brings this high-flying ETF down to earth\nYou could have performed as well as t","content":"<p>Statistical scrutiny brings this high-flying ETF down to earth</p><p><blockquote>统计审查让这只高飞的 ETF 脚踏实地</blockquote></p><p> You could have performed as well as the high-flying ARK Innovation ETF by investing in the Nasdaq 100 Index.</p><p><blockquote>通过投资纳斯达克 100 指数，您的表现可以与高飞的方舟创新 ETF 一样出色。</blockquote></p><p> I know that seems hard to believe, given the stunning performance chief investment officer Cathie Wood has produced with ARK Innovation— a 229% gain over the past year, according to FactSet. Meanwhile, the Invesco QQQ Trust&nbsp;(which is benchmarked to the Nasdaq 100), gained 78%. Since its creation in October 2014, ARK Innovation has produced an annualized gain of 34.6%, versus 20.6% for the QQQ.</p><p><blockquote>我知道这似乎很难相信，考虑到首席投资官凯西·伍德 (Cathie Wood) 在 ARK Innovation 上取得了令人惊叹的业绩——根据 FactSet 的数据，过去一年增长了 229%。与此同时，景顺 QQQ Trust（以纳斯达克 100 指数为基准）上涨了 78%。自2014年10月成立以来，ARK Innovation的年化收益为34.6%，而QQQ的年化收益为20.6%。</blockquote></p><p> At the same time, ARK Innovation has been extremely volatile and risky, making an apples-to-apples comparison with the Nasdaq 100 misleading. As measured by the standard deviation of monthly returns, ARK Innovation has been 73% more volatile than QQQ. That’s really saying something, since QQQ is itself more volatile than broad market indices such as the S&amp;P 500.</p><p><blockquote>与此同时，ARK Innovation 的波动性和风险极大，与纳斯达克 100 强进行单一比较具有误导性。以月回报率标准差衡量，ARK Innovation 的波动性比 QQQ 高出 73%。这确实说明了一些问题，因为 QQQ 本身的波动性比标普500等大盘指数更大。</blockquote></p><p> One approach statisticians use to create an apples-to-apples comparison is with a metric known as the Sharpe Ratio, invented by William Sharpe, the 1990 Nobel laureate in economics. It is the ratio of a fund’s average returns to the standard deviation of those returns. The Sharpe Ratio of ARK Innovation’s monthly returns since 2014 is almost precisely the same as the QQQ’s.</p><p><blockquote>统计学家用来创建苹果与苹果之间比较的一种方法是使用一种被称为夏普比率的指标，该指标由 1990 年诺贝尔经济学奖获得者威廉·夏普发明。它是基金的平均回报率与这些回报率的标准差的比率。ARK Innovation 自 2014 年以来的月回报率夏普比率几乎与 QQQ 完全相同。</blockquote></p><p> If you’re like some of my clients, your reaction is not to care about the Sharpe Ratio. “You can’t take the Sharpe Ratio to the bank,” you in effect tell me. It’s raw performance that counts, and on that basis there’s no doubt that the ARKK did far better.</p><p><blockquote>如果你像我的一些客户一样，你的反应是不在乎夏普比率。“你不能把夏普比率拿到银行去，”你实际上是在告诉我。原始的表现才是最重要的，在此基础上，毫无疑问，ARKK 的表现要好得多。</blockquote></p><p> This reaction is confused, however. In fact you can take the Sharpe Ratio to the bank. If you had been willing to incur the ARK Innovation’s increased volatility, you could have made just as much by leveraging an investment in the QQQ. That is, you would have made just as much by increasing your portfolio allocation to QQQ, or by buying it on sufficient margin. This is illustrated in the chart below:</p><p><blockquote>然而，这种反应令人困惑。事实上，你可以把夏普比率带到银行。如果你愿意承受方舟创新公司增加的波动性，你也可以通过投资 QQQ 来赚取同样多的钱。也就是说，您可以通过增加对 QQQ 的投资组合配置，或者以足够的保证金购买它来赚取同样多的钱。如下图所示：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/13b81e9f1962e464faeb2d45cdd0e5f9\" tg-width=\"1260\" tg-height=\"849\"></p><p><blockquote></blockquote></p><p> The Sharpe Ratio is not the only method that statisticians employ for measuring adviser performance on a level playing field, but other widely used approaches reach the same conclusion. Perhaps the best known, at least in academic circles, is the Fama-French factor model, named for University of Chicago finance professor Eugene Fama (the 2013 Nobel laureate in economics) and Dartmouth College professor Ken French. Their model involves an econometric test to see if a mutual fund’s return is significantly better than a combination of index funds benchmarked to factors such as small-cap, growth, and momentum.</p><p><blockquote>夏普比率并不是统计学家用来衡量公平竞争环境中顾问表现的唯一方法，但其他广泛使用的方法也得出了同样的结论。也许最著名的，至少在学术界是Fama-French因子模型，以芝加哥大学金融学教授Eugene Fama（2013年诺贝尔经济学奖获得者）和达特茅斯学院教授Ken French的名字命名。他们的模型包括计量经济学测试，以确定共同基金的回报是否明显优于以小盘股、增长和动量等因素为基准的指数基金组合。</blockquote></p><p> The answer for ARK Innovation is “no” — an overweight allocation to a small-cap growth fund would have produced the same overall return since November 2014.</p><p><blockquote>ARK Innovation 的答案是 “否定”--将跑赢大盘配置给小盘股成长基金，自 2014 年 11 月以来，总体回报将保持不变。</blockquote></p><p> <b>Luck versus skill</b></p><p><blockquote><b>运气与技巧</b></blockquote></p><p> Note carefully that these statistical tests do not prove that ARK Innovation’s performance is due solely to luck. Instead, those tests tell us that we cannot conclude that its performance was not due to luck. In this case, the double negative is not the same as the positive; this is a subtle, but important, difference.</p><p><blockquote>请注意，这些统计测试并不能证明方舟创新公司的业绩完全归功于运气。相反，这些测试告诉我们，我们不能得出它的表现不是运气的结论。在这种情况下，双重否定不等于正定；这是一个微妙但重要的区别。</blockquote></p><p> This goes to show just how difficult it is to prove that an investment manager has genuine market-beating ability. If beating an index fund by more than 10 percentage points annualized over a 6-plus-year period is not enough, then what is? (An email to ARK Investment Management requesting comment was not immediately answered.)</p><p><blockquote>这表明，证明投资经理具有真正的战胜市场的能力是多么困难。如果在 6 年多的时间内击败指数基金超过 10 个百分点还不够，那么什么还不够？（向 ARK Investment Management 发送的请求置评的电子邮件没有立即得到回复。）</blockquote></p><p> The answer: Satisfying traditional standards of statistical significance requires beating the market by a larger amount over a much longer period.</p><p><blockquote>答案是：满足传统的统计显著性标准需要在更长的时间内以更大的数量击败市场。</blockquote></p><p> An example of a fund that does jump over this much-higher hurdle is Renaissance Technologies’ Medallion Fund, a hedge fund that has produced an incredible 39% annualized return over the 33 calendar years through 2020, versus “just” 11% annualized for an index fund. Bradford Cornell, an emeritus finance professor at UCLA, told me in an interview that it is impossible to attribute that fund’s outperformance to mere luck. (Unfortunately, this fund is only available to current and former partners at Renaissance Technologies.)</p><p><blockquote>文艺复兴科技公司（Renaissance Technologies）的 Medallion 基金就是一个跨越这一更高门槛的基金例子，该基金在截至 2020 年的 33 个日历年中取得了令人难以置信的 39% 年化回报率，而指数基金的年化回报率 “仅为 ”11%。加州大学洛杉矶分校金融学名誉教授布拉德福德-康奈尔（Bradford Cornell）在接受采访时告诉我，不可能将该基金的出色表现仅仅归因于运气。（遗憾的是，该基金仅适用于 Renaissance Technologies 的现任和前任合作伙伴。）</blockquote></p><p> In the meantime, it’s too early to render anything close to a final verdict on ARK Innovation’s stunning performance. Its performance over the next several years may prove to be good enough to eventually satisfy traditional standards of statistical significance. Until then we can’t be sure. This is yet another reason why index funds are the default investment of choice.</p><p><blockquote>与此同时，现在对方舟创新公司的出色表现下结论还为时过早。它在未来几年的表现可能足够好，最终满足传统的统计显著性标准。在此之前，我们无法确定。这是指数基金成为默认投资选择的另一个原因。</blockquote></p><p></p>","source":"market_watch","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>Jury out on whether ARK Innovation returns are due to Cathie Wood’s skill or luck<blockquote>方舟创新公司的回报是凯西-伍德的技术还是运气，目前尚无定论。</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\">\nJury out on whether ARK Innovation returns are due to Cathie Wood’s skill or luck<blockquote>方舟创新公司的回报是凯西-伍德的技术还是运气，目前尚无定论。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-03-23 21:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Statistical scrutiny brings this high-flying ETF down to earth</p><p><blockquote>统计审查让这只高飞的 ETF 脚踏实地</blockquote></p><p> You could have performed as well as the high-flying ARK Innovation ETF by investing in the Nasdaq 100 Index.</p><p><blockquote>通过投资纳斯达克 100 指数，您的表现可以与高飞的方舟创新 ETF 一样出色。</blockquote></p><p> I know that seems hard to believe, given the stunning performance chief investment officer Cathie Wood has produced with ARK Innovation— a 229% gain over the past year, according to FactSet. Meanwhile, the Invesco QQQ Trust&nbsp;(which is benchmarked to the Nasdaq 100), gained 78%. Since its creation in October 2014, ARK Innovation has produced an annualized gain of 34.6%, versus 20.6% for the QQQ.</p><p><blockquote>我知道这似乎很难相信，考虑到首席投资官凯西·伍德 (Cathie Wood) 在 ARK Innovation 上取得了令人惊叹的业绩——根据 FactSet 的数据，过去一年增长了 229%。与此同时，景顺 QQQ Trust（以纳斯达克 100 指数为基准）上涨了 78%。自2014年10月成立以来，ARK Innovation的年化收益为34.6%，而QQQ的年化收益为20.6%。</blockquote></p><p> At the same time, ARK Innovation has been extremely volatile and risky, making an apples-to-apples comparison with the Nasdaq 100 misleading. As measured by the standard deviation of monthly returns, ARK Innovation has been 73% more volatile than QQQ. That’s really saying something, since QQQ is itself more volatile than broad market indices such as the S&amp;P 500.</p><p><blockquote>与此同时，ARK Innovation 的波动性和风险极大，与纳斯达克 100 强进行单一比较具有误导性。以月回报率标准差衡量，ARK Innovation 的波动性比 QQQ 高出 73%。这确实说明了一些问题，因为 QQQ 本身的波动性比标普500等大盘指数更大。</blockquote></p><p> One approach statisticians use to create an apples-to-apples comparison is with a metric known as the Sharpe Ratio, invented by William Sharpe, the 1990 Nobel laureate in economics. It is the ratio of a fund’s average returns to the standard deviation of those returns. The Sharpe Ratio of ARK Innovation’s monthly returns since 2014 is almost precisely the same as the QQQ’s.</p><p><blockquote>统计学家用来创建苹果与苹果之间比较的一种方法是使用一种被称为夏普比率的指标，该指标由 1990 年诺贝尔经济学奖获得者威廉·夏普发明。它是基金的平均回报率与这些回报率的标准差的比率。ARK Innovation 自 2014 年以来的月回报率夏普比率几乎与 QQQ 完全相同。</blockquote></p><p> If you’re like some of my clients, your reaction is not to care about the Sharpe Ratio. “You can’t take the Sharpe Ratio to the bank,” you in effect tell me. It’s raw performance that counts, and on that basis there’s no doubt that the ARKK did far better.</p><p><blockquote>如果你像我的一些客户一样，你的反应是不在乎夏普比率。“你不能把夏普比率拿到银行去，”你实际上是在告诉我。原始的表现才是最重要的，在此基础上，毫无疑问，ARKK 的表现要好得多。</blockquote></p><p> This reaction is confused, however. In fact you can take the Sharpe Ratio to the bank. If you had been willing to incur the ARK Innovation’s increased volatility, you could have made just as much by leveraging an investment in the QQQ. That is, you would have made just as much by increasing your portfolio allocation to QQQ, or by buying it on sufficient margin. This is illustrated in the chart below:</p><p><blockquote>然而，这种反应令人困惑。事实上，你可以把夏普比率带到银行。如果你愿意承受方舟创新公司增加的波动性，你也可以通过投资 QQQ 来赚取同样多的钱。也就是说，您可以通过增加对 QQQ 的投资组合配置，或者以足够的保证金购买它来赚取同样多的钱。如下图所示：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/13b81e9f1962e464faeb2d45cdd0e5f9\" tg-width=\"1260\" tg-height=\"849\"></p><p><blockquote></blockquote></p><p> The Sharpe Ratio is not the only method that statisticians employ for measuring adviser performance on a level playing field, but other widely used approaches reach the same conclusion. Perhaps the best known, at least in academic circles, is the Fama-French factor model, named for University of Chicago finance professor Eugene Fama (the 2013 Nobel laureate in economics) and Dartmouth College professor Ken French. Their model involves an econometric test to see if a mutual fund’s return is significantly better than a combination of index funds benchmarked to factors such as small-cap, growth, and momentum.</p><p><blockquote>夏普比率并不是统计学家用来衡量公平竞争环境中顾问表现的唯一方法，但其他广泛使用的方法也得出了同样的结论。也许最著名的，至少在学术界是Fama-French因子模型，以芝加哥大学金融学教授Eugene Fama（2013年诺贝尔经济学奖获得者）和达特茅斯学院教授Ken French的名字命名。他们的模型包括计量经济学测试，以确定共同基金的回报是否明显优于以小盘股、增长和动量等因素为基准的指数基金组合。</blockquote></p><p> The answer for ARK Innovation is “no” — an overweight allocation to a small-cap growth fund would have produced the same overall return since November 2014.</p><p><blockquote>ARK Innovation 的答案是 “否定”--将跑赢大盘配置给小盘股成长基金，自 2014 年 11 月以来，总体回报将保持不变。</blockquote></p><p> <b>Luck versus skill</b></p><p><blockquote><b>运气与技巧</b></blockquote></p><p> Note carefully that these statistical tests do not prove that ARK Innovation’s performance is due solely to luck. Instead, those tests tell us that we cannot conclude that its performance was not due to luck. In this case, the double negative is not the same as the positive; this is a subtle, but important, difference.</p><p><blockquote>请注意，这些统计测试并不能证明方舟创新公司的业绩完全归功于运气。相反，这些测试告诉我们，我们不能得出它的表现不是运气的结论。在这种情况下，双重否定不等于正定；这是一个微妙但重要的区别。</blockquote></p><p> This goes to show just how difficult it is to prove that an investment manager has genuine market-beating ability. If beating an index fund by more than 10 percentage points annualized over a 6-plus-year period is not enough, then what is? (An email to ARK Investment Management requesting comment was not immediately answered.)</p><p><blockquote>这表明，证明投资经理具有真正的战胜市场的能力是多么困难。如果在 6 年多的时间内击败指数基金超过 10 个百分点还不够，那么什么还不够？（向 ARK Investment Management 发送的请求置评的电子邮件没有立即得到回复。）</blockquote></p><p> The answer: Satisfying traditional standards of statistical significance requires beating the market by a larger amount over a much longer period.</p><p><blockquote>答案是：满足传统的统计显著性标准需要在更长的时间内以更大的数量击败市场。</blockquote></p><p> An example of a fund that does jump over this much-higher hurdle is Renaissance Technologies’ Medallion Fund, a hedge fund that has produced an incredible 39% annualized return over the 33 calendar years through 2020, versus “just” 11% annualized for an index fund. Bradford Cornell, an emeritus finance professor at UCLA, told me in an interview that it is impossible to attribute that fund’s outperformance to mere luck. (Unfortunately, this fund is only available to current and former partners at Renaissance Technologies.)</p><p><blockquote>文艺复兴科技公司（Renaissance Technologies）的 Medallion 基金就是一个跨越这一更高门槛的基金例子，该基金在截至 2020 年的 33 个日历年中取得了令人难以置信的 39% 年化回报率，而指数基金的年化回报率 “仅为 ”11%。加州大学洛杉矶分校金融学名誉教授布拉德福德-康奈尔（Bradford Cornell）在接受采访时告诉我，不可能将该基金的出色表现仅仅归因于运气。（遗憾的是，该基金仅适用于 Renaissance Technologies 的现任和前任合作伙伴。）</blockquote></p><p> In the meantime, it’s too early to render anything close to a final verdict on ARK Innovation’s stunning performance. Its performance over the next several years may prove to be good enough to eventually satisfy traditional standards of statistical significance. Until then we can’t be sure. This is yet another reason why index funds are the default investment of choice.</p><p><blockquote>与此同时，现在对方舟创新公司的出色表现下结论还为时过早。它在未来几年的表现可能足够好，最终满足传统的统计显著性标准。在此之前，我们无法确定。这是指数基金成为默认投资选择的另一个原因。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/the-jury-is-out-on-whether-ark-innovations-red-hot-returns-are-due-to-cathie-woods-skill-or-luck-11616460092?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKF":"ARK Fintech Innovation ETF","QQQ":"纳指100ETF","TSLA":"特斯拉","ARKK":"ARK Innovation ETF","ARKQ":"ARK Autonomous Technology & Robotics ETF"},"source_url":"https://www.marketwatch.com/story/the-jury-is-out-on-whether-ark-innovations-red-hot-returns-are-due-to-cathie-woods-skill-or-luck-11616460092?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1137063642","content_text":"Statistical scrutiny brings this high-flying ETF down to earth\nYou could have performed as well as the high-flying ARK Innovation ETF by investing in the Nasdaq 100 Index.\nI know that seems hard to believe, given the stunning performance chief investment officer Cathie Wood has produced with ARK Innovation— a 229% gain over the past year, according to FactSet. Meanwhile, the Invesco QQQ Trust (which is benchmarked to the Nasdaq 100), gained 78%. Since its creation in October 2014, ARK Innovation has produced an annualized gain of 34.6%, versus 20.6% for the QQQ.\nAt the same time, ARK Innovation has been extremely volatile and risky, making an apples-to-apples comparison with the Nasdaq 100 misleading. As measured by the standard deviation of monthly returns, ARK Innovation has been 73% more volatile than QQQ. That’s really saying something, since QQQ is itself more volatile than broad market indices such as the S&P 500.\nOne approach statisticians use to create an apples-to-apples comparison is with a metric known as the Sharpe Ratio, invented by William Sharpe, the 1990 Nobel laureate in economics. It is the ratio of a fund’s average returns to the standard deviation of those returns. The Sharpe Ratio of ARK Innovation’s monthly returns since 2014 is almost precisely the same as the QQQ’s.\nIf you’re like some of my clients, your reaction is not to care about the Sharpe Ratio. “You can’t take the Sharpe Ratio to the bank,” you in effect tell me. It’s raw performance that counts, and on that basis there’s no doubt that the ARKK did far better.\nThis reaction is confused, however. In fact you can take the Sharpe Ratio to the bank. If you had been willing to incur the ARK Innovation’s increased volatility, you could have made just as much by leveraging an investment in the QQQ. That is, you would have made just as much by increasing your portfolio allocation to QQQ, or by buying it on sufficient margin. This is illustrated in the chart below:\n\nThe Sharpe Ratio is not the only method that statisticians employ for measuring adviser performance on a level playing field, but other widely used approaches reach the same conclusion. Perhaps the best known, at least in academic circles, is the Fama-French factor model, named for University of Chicago finance professor Eugene Fama (the 2013 Nobel laureate in economics) and Dartmouth College professor Ken French. Their model involves an econometric test to see if a mutual fund’s return is significantly better than a combination of index funds benchmarked to factors such as small-cap, growth, and momentum.\nThe answer for ARK Innovation is “no” — an overweight allocation to a small-cap growth fund would have produced the same overall return since November 2014.\nLuck versus skill\nNote carefully that these statistical tests do not prove that ARK Innovation’s performance is due solely to luck. Instead, those tests tell us that we cannot conclude that its performance was not due to luck. In this case, the double negative is not the same as the positive; this is a subtle, but important, difference.\nThis goes to show just how difficult it is to prove that an investment manager has genuine market-beating ability. If beating an index fund by more than 10 percentage points annualized over a 6-plus-year period is not enough, then what is? (An email to ARK Investment Management requesting comment was not immediately answered.)\nThe answer: Satisfying traditional standards of statistical significance requires beating the market by a larger amount over a much longer period.\nAn example of a fund that does jump over this much-higher hurdle is Renaissance Technologies’ Medallion Fund, a hedge fund that has produced an incredible 39% annualized return over the 33 calendar years through 2020, versus “just” 11% annualized for an index fund. Bradford Cornell, an emeritus finance professor at UCLA, told me in an interview that it is impossible to attribute that fund’s outperformance to mere luck. (Unfortunately, this fund is only available to current and former partners at Renaissance Technologies.)\nIn the meantime, it’s too early to render anything close to a final verdict on ARK Innovation’s stunning performance. Its performance over the next several years may prove to be good enough to eventually satisfy traditional standards of statistical significance. Until then we can’t be sure. This is yet another reason why index funds are the default investment of choice.","news_type":1,"symbols_score_info":{"TSLA":0.9,"ARKQ":0.9,"ARKK":0.9,"QQQ":0.9,"ARKF":0.9}},"isVote":1,"tweetType":1,"viewCount":2518,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329804817,"gmtCreate":1615218196639,"gmtModify":1703485901960,"author":{"id":"3574295412116709","authorId":"3574295412116709","name":"ksyksy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574295412116709","idStr":"3574295412116709"},"themes":[],"title":"","htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/329804817","repostId":"1130305981","repostType":4,"repost":{"id":"1130305981","kind":"news","pubTimestamp":1615217480,"share":"https://www.laohunote.com/m/news/1130305981?lang=zh_CN&edition=full","pubTime":"2021-03-08 23:31","market":"us","language":"en","title":"Buy Target Stock on the Dip, Analyst Says<blockquote>分析师表示，逢低买入目标股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1130305981","media":"Barrons","summary":"Targetstock soared in 2020, as the Covid-19 pandemic funneled millions of new customers to its store","content":"<p>Targetstock soared in 2020, as the Covid-19 pandemic funneled millions of new customers to its stores and website, yet that rally has stalled as investors look toward an end to the crisis. Yet Guggenheim argues that Target’s advantage is here to stay, and that selloff is a buying opportunity.</p><p><blockquote>Targetstock 在 2020 年飙升，因为 Covid-19 大流行为其商店和网站带来了数百万新客户，但随着投资者期待危机结束，这种涨势已经停滞。然而，古根海姆认为，塔吉特的优势将继续存在，抛售是一个买入机会。</blockquote></p><p> Analyst Robert Drbul boosted his rating on Target (ticker: TGT) to Buy from Neutral, and established a $200 price target on Monday. He writes that he has “admired the execution and performance of the company over the past year and have been waiting for a pullback to become more constructive.” With the shares off some 6% last week,despite another upbeat earnings report, that time has come.</p><p><blockquote>分析师 Robert Drbul 将 Target（股票代码：TGT）的评级从中性上调至买入，并在周一将目标价定为 200 美元。他写道，他 “对公司过去一年的执行力和业绩表示钦佩，并一直在等待公司的回调变得更具建设性”。尽管发布了另一份乐观的收益报告，但上周股价下跌了约 6%，但时机已经到来。</blockquote></p><p> Drbul sees three main reasons to be bullish on Target. First, he notes the tremendous growth the company saw last year, when it grew revenue by $15 billion, more than the company had grown over the prior 11 years combined.</p><p><blockquote>Drbul 认为看好 Target 有三个主要原因。首先，他指出该公司去年实现了巨大的增长，收入增长了 150 亿美元，超过了该公司过去 11 年的总和。</blockquote></p><p> “Target proved fulfill-from-store can work, driving share gains and meeting an unprecedented demand led by a rise in digital demand,” he writes, and while he had “stubbornly been skeptical” of the company’s ability to execute as well as major competitors such asWalmart(WMT) andAmazon.com(AMZN), those fears have been laid to rest, leading him to think that these three retailers will keep their pandemic market-share gains.</p><p><blockquote>“他写道：”事实证明，门店配送是可行的，可以推动市场份额增长，并满足数字需求增长带来的前所未有的需求。</blockquote></p><p> Second, he also likes the company’s expanding partnerships with key brands, includingLevi Strauss(LEVI), Ulta Beauty (ULTA), andWalt Disney(DIS). He notes that these high-profile agreements with popular consumer brands could be a “tipping point for vendors,” as they drive more and more traffic to Target.</p><p><blockquote>其次，他还喜欢公司与主要品牌不断扩大的合作伙伴关系，包括李维斯（LEVI）、Ulta Beauty（ULTA）和华特迪士尼（DIS）。他指出，这些与热门消费品牌达成的高调协议可能会成为 “供应商的转折点”，因为它们能为 Target 带来越来越多的流量。</blockquote></p><p> Finally, Drbul is upbeat about the U.S. consumer in 2021: While unemployment remains an issue, government stimulus and greater savings rates should allow for more shopping. “We expect Target to fully participate in the discretionary spending increase in 2021, led by its apparel offering.”</p><p><blockquote>最后，Drbul 对 2021 年美国消费者持乐观态度：虽然失业仍然是一个问题，但政府刺激措施和更高的储蓄率应该会允许更多购物。“我们预计塔吉特百货将在 2021 年全面参与以服装产品为首的可自由支配支出增长。”</blockquote></p><p> Target stock is up 1.4% to $175 in recent trading. The shares are up 66% in the past 12 months but have fallen 2.2% year to date. Other analysts have also argued that therecent selloff is overdone.</p><p><blockquote>Target 股票在最近的交易中上涨 1.4%，至 175 美元。该股在过去 12 个月中上涨了 66%，但今年迄今已下跌 2.2%。其他分析师也认为，最近的抛售过度了。</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>Buy Target Stock on the Dip, Analyst Says<blockquote>分析师表示，逢低买入目标股票</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\">\nBuy Target Stock on the Dip, Analyst Says<blockquote>分析师表示，逢低买入目标股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-03-08 23:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Targetstock soared in 2020, as the Covid-19 pandemic funneled millions of new customers to its stores and website, yet that rally has stalled as investors look toward an end to the crisis. Yet Guggenheim argues that Target’s advantage is here to stay, and that selloff is a buying opportunity.</p><p><blockquote>Targetstock 在 2020 年飙升，因为 Covid-19 大流行为其商店和网站带来了数百万新客户，但随着投资者期待危机结束，这种涨势已经停滞。然而，古根海姆认为，塔吉特的优势将继续存在，抛售是一个买入机会。</blockquote></p><p> Analyst Robert Drbul boosted his rating on Target (ticker: TGT) to Buy from Neutral, and established a $200 price target on Monday. He writes that he has “admired the execution and performance of the company over the past year and have been waiting for a pullback to become more constructive.” With the shares off some 6% last week,despite another upbeat earnings report, that time has come.</p><p><blockquote>分析师 Robert Drbul 将 Target（股票代码：TGT）的评级从中性上调至买入，并在周一将目标价定为 200 美元。他写道，他 “对公司过去一年的执行力和业绩表示钦佩，并一直在等待公司的回调变得更具建设性”。尽管发布了另一份乐观的收益报告，但上周股价下跌了约 6%，但时机已经到来。</blockquote></p><p> Drbul sees three main reasons to be bullish on Target. First, he notes the tremendous growth the company saw last year, when it grew revenue by $15 billion, more than the company had grown over the prior 11 years combined.</p><p><blockquote>Drbul 认为看好 Target 有三个主要原因。首先，他指出该公司去年实现了巨大的增长，收入增长了 150 亿美元，超过了该公司过去 11 年的总和。</blockquote></p><p> “Target proved fulfill-from-store can work, driving share gains and meeting an unprecedented demand led by a rise in digital demand,” he writes, and while he had “stubbornly been skeptical” of the company’s ability to execute as well as major competitors such asWalmart(WMT) andAmazon.com(AMZN), those fears have been laid to rest, leading him to think that these three retailers will keep their pandemic market-share gains.</p><p><blockquote>“他写道：”事实证明，门店配送是可行的，可以推动市场份额增长，并满足数字需求增长带来的前所未有的需求。</blockquote></p><p> Second, he also likes the company’s expanding partnerships with key brands, includingLevi Strauss(LEVI), Ulta Beauty (ULTA), andWalt Disney(DIS). He notes that these high-profile agreements with popular consumer brands could be a “tipping point for vendors,” as they drive more and more traffic to Target.</p><p><blockquote>其次，他还喜欢公司与主要品牌不断扩大的合作伙伴关系，包括李维斯（LEVI）、Ulta Beauty（ULTA）和华特迪士尼（DIS）。他指出，这些与热门消费品牌达成的高调协议可能会成为 “供应商的转折点”，因为它们能为 Target 带来越来越多的流量。</blockquote></p><p> Finally, Drbul is upbeat about the U.S. consumer in 2021: While unemployment remains an issue, government stimulus and greater savings rates should allow for more shopping. “We expect Target to fully participate in the discretionary spending increase in 2021, led by its apparel offering.”</p><p><blockquote>最后，Drbul 对 2021 年美国消费者持乐观态度：虽然失业仍然是一个问题，但政府刺激措施和更高的储蓄率应该会允许更多购物。“我们预计塔吉特百货将在 2021 年全面参与以服装产品为首的可自由支配支出增长。”</blockquote></p><p> Target stock is up 1.4% to $175 in recent trading. The shares are up 66% in the past 12 months but have fallen 2.2% year to date. Other analysts have also argued that therecent selloff is overdone.</p><p><blockquote>Target 股票在最近的交易中上涨 1.4%，至 175 美元。该股在过去 12 个月中上涨了 66%，但今年迄今已下跌 2.2%。其他分析师也认为，最近的抛售过度了。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/buy-target-stock-on-the-dip-analyst-says-51615214880?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":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.barrons.com/articles/buy-target-stock-on-the-dip-analyst-says-51615214880?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130305981","content_text":"Targetstock soared in 2020, as the Covid-19 pandemic funneled millions of new customers to its stores and website, yet that rally has stalled as investors look toward an end to the crisis. Yet Guggenheim argues that Target’s advantage is here to stay, and that selloff is a buying opportunity.\nAnalyst Robert Drbul boosted his rating on Target (ticker: TGT) to Buy from Neutral, and established a $200 price target on Monday. He writes that he has “admired the execution and performance of the company over the past year and have been waiting for a pullback to become more constructive.” With the shares off some 6% last week,despite another upbeat earnings report, that time has come.\nDrbul sees three main reasons to be bullish on Target. First, he notes the tremendous growth the company saw last year, when it grew revenue by $15 billion, more than the company had grown over the prior 11 years combined.\n“Target proved fulfill-from-store can work, driving share gains and meeting an unprecedented demand led by a rise in digital demand,” he writes, and while he had “stubbornly been skeptical” of the company’s ability to execute as well as major competitors such asWalmart(WMT) andAmazon.com(AMZN), those fears have been laid to rest, leading him to think that these three retailers will keep their pandemic market-share gains.\nSecond, he also likes the company’s expanding partnerships with key brands, includingLevi Strauss(LEVI), Ulta Beauty (ULTA), andWalt Disney(DIS). He notes that these high-profile agreements with popular consumer brands could be a “tipping point for vendors,” as they drive more and more traffic to Target.\nFinally, Drbul is upbeat about the U.S. consumer in 2021: While unemployment remains an issue, government stimulus and greater savings rates should allow for more shopping. “We expect Target to fully participate in the discretionary spending increase in 2021, led by its apparel offering.”\nTarget stock is up 1.4% to $175 in recent trading. The shares are up 66% in the past 12 months but have fallen 2.2% year to date. Other analysts have also argued that therecent selloff is overdone.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1646,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389139221,"gmtCreate":1612712303463,"gmtModify":1703764416747,"author":{"id":"3574295412116709","authorId":"3574295412116709","name":"ksyksy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574295412116709","idStr":"3574295412116709"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/389139221","repostId":"1191925403","repostType":4,"isVote":1,"tweetType":1,"viewCount":2736,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389139197,"gmtCreate":1612712246519,"gmtModify":1703764416401,"author":{"id":"3574295412116709","authorId":"3574295412116709","name":"ksyksy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574295412116709","idStr":"3574295412116709"},"themes":[],"title":"","htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/389139197","repostId":"1108674000","repostType":4,"repost":{"id":"1108674000","kind":"news","pubTimestamp":1612497695,"share":"https://www.laohunote.com/m/news/1108674000?lang=zh_CN&edition=full","pubTime":"2021-02-05 12:01","market":"us","language":"en","title":"Robinhood lifts trading restrictions on all stocks, including GameStop<blockquote>Robinhood 取消对包括游戏驿站在内的所有股票的交易限制</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1108674000","media":"reuters","summary":"(Reuters) - Online brokerage app Robinhood said on Thursday it has removed temporary trading restric","content":"<p>(Reuters) - Online brokerage app Robinhood said on Thursday it has removed temporary trading restrictions on all stocks, including GameStop Corp and AMC Entertainment Holdings Inc, according to an update on its website.</p><p><blockquote>（路透社） - 在线经纪应用程序 Robinhood 周四表示，根据其网站的更新，该公司已取消对所有股票的临时交易限制，包括游戏驿站和AMC院线控股公司。</blockquote></p><p> Earlier in the day, Robinhood's website showed that the trading limit on GameStop's shares was set at 500, while for AMC the limit was set at 5,500 shares. (bit.ly/3cJzNmm)</p><p><blockquote>当天早些时候，Robinhood 网站显示，GameStop 股票的交易限额设定为 500 股，而 AMC 的交易限额设定为 5,500 股。（bit.ly/3cJzNmm）</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>Robinhood lifts trading restrictions on all stocks, including GameStop<blockquote>Robinhood 取消对包括游戏驿站在内的所有股票的交易限制</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\">\nRobinhood lifts trading restrictions on all stocks, including GameStop<blockquote>Robinhood 取消对包括游戏驿站在内的所有股票的交易限制</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">reuters</strong><span class=\"h-time small\">2021-02-05 12:01</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Reuters) - Online brokerage app Robinhood said on Thursday it has removed temporary trading restrictions on all stocks, including GameStop Corp and AMC Entertainment Holdings Inc, according to an update on its website.</p><p><blockquote>（路透社） - 在线经纪应用程序 Robinhood 周四表示，根据其网站的更新，该公司已取消对所有股票的临时交易限制，包括游戏驿站和AMC院线控股公司。</blockquote></p><p> Earlier in the day, Robinhood's website showed that the trading limit on GameStop's shares was set at 500, while for AMC the limit was set at 5,500 shares. (bit.ly/3cJzNmm)</p><p><blockquote>当天早些时候，Robinhood 网站显示，GameStop 股票的交易限额设定为 500 股，而 AMC 的交易限额设定为 5,500 股。（bit.ly/3cJzNmm）</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/us-retail-trading-robinhood/robinhood-lifts-trading-restrictions-on-all-stocks-including-gamestop-idUSKBN2A50AB?il=0\">reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b72bab52a7d49e9d26088350ab4826c1","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.reuters.com/article/us-retail-trading-robinhood/robinhood-lifts-trading-restrictions-on-all-stocks-including-gamestop-idUSKBN2A50AB?il=0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108674000","content_text":"(Reuters) - Online brokerage app Robinhood said on Thursday it has removed temporary trading restrictions on all stocks, including GameStop Corp and AMC Entertainment Holdings Inc, according to an update on its website.\nEarlier in the day, Robinhood's website showed that the trading limit on GameStop's shares was set at 500, while for AMC the limit was set at 5,500 shares. (bit.ly/3cJzNmm)","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":1889,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"following","isTTM":false}