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ST2021
ST2021
·
2021-10-26
Ok
AMD earnings look to again succeed where Intel disappointed<blockquote>AMD盈利有望在英特尔失望的地方再次取得成功</blockquote>
AMD earnings preview: After showing data-center gains as Intel declined two quarters in a row, analy
AMD earnings look to again succeed where Intel disappointed<blockquote>AMD盈利有望在英特尔失望的地方再次取得成功</blockquote>
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ST2021
ST2021
·
2021-09-09
Ok
Wall Street Strategists Are Cautious About This Fall. Why They’re Worried.<blockquote>华尔街策略师对今年秋季持谨慎态度。他们为什么担心。</blockquote>
A pair of Wall Street strategists have just come out with cautious outlooks for stocks this fall. Th
Wall Street Strategists Are Cautious About This Fall. Why They’re Worried.<blockquote>华尔街策略师对今年秋季持谨慎态度。他们为什么担心。</blockquote>
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ST2021
ST2021
·
2021-08-12
Ok
爱奇艺发布2021年Q2财报 净亏损连续五季度同比收窄
@资本要闻：
8月12日，爱奇艺公布了2021年第二季度业绩报告。财报显示，2021年第二季度爱奇艺总营收达到76亿元人民币，同比增长3%，总营收符合公司此前预期。 值得关注的是，本季度爱奇艺净亏损达14亿元人民币，运营亏损达11亿元人民币，运营亏损率从去年同期的17%缩减至15%。得益于对成本的有效控制，爱奇艺的净亏损已连续五个季度实现同比收窄。同时，摊薄后每股ADS归属于爱奇艺的当季净亏损为人民币1.75元，较去年同期的1.96元实现下降。 爱奇艺首席财务官王晓东表示：“本季度，我们的营收成本与去年同期相比持平，其中内容成本也保持稳定。”据公开数据统计，自2019年开始，爱奇艺内容成本增幅已连续多季度实现下降，内容成本在总支出中的占比逐步回落，对外释放出积极的财务信号。凭借对高品质内容的持续输出、原创自制能力的大幅提升以及多样化的内容探索，爱奇艺得以实现更高的投入回报率。第二季度，爱奇艺推出的《小舍得》《叛逆者》《爱上特种兵》等热门剧集，《萌探探探案》《做家务的男人》等爆款综艺，以及《浴血无名川》《扫黑·决战》《万界奇缘》《只好背叛地球了》等电影、动漫内容均引发了一定的用户反响，满足了市场的分众化需求。爱奇艺创始人、CEO龚宇特别提到，下半年，爱奇艺在内容数量、质量和类型方面，都将有更好的储备。 第二季度，会员与广告仍是爱奇艺的主要收入组成部分。其中，爱奇艺会员收入达40亿元人民币，占总收入的 52%。广告收入达到18亿元人民币，同比增长15%。除此之外，爱奇艺也在探索多元的货币化手段。在第二季度，爱奇艺以游戏、IP增值授权、直播、艺人经纪等组成的其他收入表现亮眼，同比增长达20%。 针对净亏损的持续收窄，行业普遍分析认为，近年来市场出台的限薪令、反对注水剧多项规范性政策、倡议等，对影视生产环节的成本体系进行了有效调控。同时，爱奇艺多个内容工作室的全面发力，可以大大助力其以较低成本获
爱奇艺发布2021年Q2财报 净亏损连续五季度同比收窄
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ST2021
ST2021
·
2021-08-12
Ok [疑问]
非常抱歉，此主贴已删除
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ST2021
ST2021
·
2021-07-22
Ok 👍
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ST2021
ST2021
·
2021-07-07
Ok [惊讶]
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ST2021
ST2021
·
2021-07-04
Ok [鬼脸]
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ST2021
ST2021
·
2021-07-01
Ok [可爱]
S&P 500 notches fifth straight record closing high, fifth straight quarterly gain<blockquote>标普500连续第五次创下收盘新高，连续第五个季度上涨</blockquote>
NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as inves
S&P 500 notches fifth straight record closing high, fifth straight quarterly gain<blockquote>标普500连续第五次创下收盘新高，连续第五个季度上涨</blockquote>
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ST2021
·
2021-06-30
Go go
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ST2021
ST2021
·
2021-06-29
Ok [得意]
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","listText":"Ok ","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/852083713","repostId":"2177412181","repostType":4,"repost":{"id":"2177412181","kind":"highlight","pubTimestamp":1635219132,"share":"https://www.laohu8.com/m/news/2177412181?lang=zh_CN&edition=full","pubTime":"2021-10-26 11:32","market":"us","language":"en","title":"AMD earnings look to again succeed where Intel disappointed<blockquote>AMD盈利有望在英特尔失望的地方再次取得成功</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2177412181","media":"MarketWatch","summary":"AMD earnings preview: After showing data-center gains as Intel declined two quarters in a row, analy","content":"<p>AMD earnings preview: After showing data-center gains as Intel declined two quarters in a row, analysts now point to AMD's growing margins as Intel's are projected to shrink</p><p><blockquote>AMD盈利预览：在英特尔连续两个季度下滑后，分析师现在指出，由于英特尔的利润率预计将萎缩，AMD的利润率将不断增长</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/30ec3c9220844c561016f0de86f86f52\" tg-width=\"699\" tg-height=\"394\" referrerpolicy=\"no-referrer\"><span>Advanced Micro Devices Inc.’s growing series of Epyc server chips has been the talk of Wall Street in recent quarters, but that may switch to gross margins in this quarter’s earnings report.</span></p><p><blockquote><p class=\"t-img-caption\"><span>Advanced Micro Devices Inc.不断增长的Epyc服务器芯片系列最近几个季度一直是华尔街的热门话题，但在本季度的收益报告中，这可能会转向毛利率。</span></p></blockquote></p><p> Advanced Micro Devices Inc. is set to follow yet another rough earnings report from Intel Corp., and once again could show gains in an area that caused pain for its larger rival.</p><p><blockquote>超微设备公司（Advanced Micro Devices Inc.）将紧随英特尔公司（Intel Corp.）发布另一份粗略的收益报告，并可能再次在给其规模更大的竞争对手带来痛苦的领域显示收益。</blockquote></p><p> AMD is scheduled to report third-quarter earnings on Tuesday after the close of markets, after Intel reported an earnings beat Thursday that hardly mattered as revenue came in light. More important to analysts was Intel's forecast for declining margins over the next few years as its chief executive doubles down on new manufacturing capacity to try to retake its former glory as the undisputed chip leader.</p><p><blockquote>AMD定于周二收盘后公布第三季度收益，此前英特尔周四公布的收益超出预期，但随着收入的公布，这几乎无关紧要。对分析师来说，更重要的是英特尔预测未来几年利润率将下降，因为其首席执行官加倍投资新的制造能力，试图重新夺回其作为无可争议的芯片领导者的昔日荣耀。</blockquote></p><p> That led to downgrades on Friday and Intel's worst one-day performance since the chip leader said it was going to delay its next generation of chips, an announcement that had fired up even more investor support for AMD back then.</p><p><blockquote>这导致了周五的评级下调，以及英特尔自这家芯片领导者表示将推迟下一代芯片以来最糟糕的单日表现，这一声明当时引发了更多投资者对AMD的支持。</blockquote></p><p> Bernstein analyst Stacy Rasgon, who has a market perform rating on AMD and a $110 price target, said AMD will continue to benefit from Intel's transition, and called attention to an AMD metric that was one of enormous concern during Intel's call: Gross margins.</p><p><blockquote>Bernstein分析师Stacy Rasgon对AMD给予市场表现评级，目标价为110美元，她表示AMD将继续受益于英特尔的转型，并呼吁人们关注英特尔看涨期权期间备受关注的AMD指标之一：毛利率。</blockquote></p><p> \"We believe Street gross margin estimates appear unaggressive going forward (which is not something we have typically said for AMD), and the company is now (for the first time ever) starting to return cash,\" Rasgon said.</p><p><blockquote>拉斯贡表示：“我们认为，未来华尔街的毛利率预期似乎并不激进（这不是我们通常对AMD所说的），该公司现在（有史以来第一次）开始返还现金。”</blockquote></p><p> That underscores another show of how Intel and AMD are transitioning with respect to one another: Analysts on the Intel call were very concerned that Intel's margins were falling despite company assurances they would stay just above 50% for the next few years. Meanwhile, AMD gross margins have been rising, and are likely to break above 50%, if not in this earnings report, then sometime soon. Three months ago, AMD reported gross margins of 48%, up from 44% in the previous year.</p><p><blockquote>这再次凸显了英特尔和AMD如何相互转型：英特尔看涨期权上的分析师非常担心英特尔的利润率正在下降，尽管该公司保证未来几年利润率将保持在50%以上。与此同时，AMD的毛利率一直在上升，很可能会突破50%，如果不是在这份收益报告中，那么很快就会突破50%。三个月前，AMD公布的毛利率为48%，高于上一年的44%。</blockquote></p><p> While AMD is referred to as Intel's \"smaller rival,\" that gap has been steadily closing for a while now. At Friday's close, AMD had a market cap of $145.34 billion, or nearly 73% of Intel's $200.66 billion. Just this past summer, AMD's $111.5 billion valuation was a little more than half Intel's $219.5 billion cap.</p><p><blockquote>虽然AMD被称为英特尔的“较小竞争对手”，但这一差距已经稳步缩小了一段时间。截至周五收盘，AMD市值为1453.4亿美元，占英特尔2006.6亿美元市值的近73%。就在去年夏天，AMD 1115亿美元的估值略高于英特尔2195亿美元上限的一半。</blockquote></p><p> One other are to look at will be data-center sales, as finally swung to a gain in that important segment in the quarter. Over the past two quarters, Intel has posted significant year-over-year declines in the increasingly important category, while AMD has more than doubled its sales. That raises the question whether Intel clawed back some market share, or whether data-center sales were just generally better all around, which AMD's report could answer.</p><p><blockquote>另一个值得关注的是数据中心销售，该销售最终在本季度实现了增长。在过去的两个季度中，英特尔在这一日益重要的类别中的销售额同比大幅下降，而AMD的销售额则增长了一倍多。这就提出了一个问题：英特尔是否夺回了一些市场份额，或者数据中心的销售是否总体上更好，AMD的报告可以回答这个问题。</blockquote></p><p> <b>What to expect</b></p><p><blockquote><b>期待什么</b></blockquote></p><p> <b>Earnings: </b>Of the 34 analysts surveyed by FactSet, AMD on average is expected to post adjusted earnings of 66 cents a share, up from 41 cents a share reported in the year-ago period. Estimize, a software platform that crowdsources estimates from hedge-fund executives, brokerages, buy-side analysts and others, calls for earnings of 72 cents a share.</p><p><blockquote><b>收益：</b>在FactSet调查的34名分析师中，AMD平均预计调整后每股收益为66美分，高于去年同期的每股41美分。Estimize是一个软件平台，众包对冲基金高管、券商、买方分析师和其他人对评级每股收益72美分的估计。</blockquote></p><p> <b>Revenue:</b> Of the 32 analysts polled by FactSet, AMD, on average, is expected to post revenue of $4.11 billion, up from the $2.8 billion reported in the year-ago quarter. AMD had forecast $4 billion to $4.2 billion. Estimize expects revenue of $4.22 billion.</p><p><blockquote><b>收入：</b>在FactSet调查的32名分析师中，AMD平均预计营收为41.1亿美元，高于去年同期的28亿美元。AMD此前预测为40亿至42亿美元。Estimize预计营收为42.2亿美元。</blockquote></p><p> <b>Stock movement:</b> While AMD earnings and sales have both topped Wall Street estimates over the past five quarterly reports, but shares only gained the next day twice, about three months ago and when the stock popped nearly 13% five quarters ago.</p><p><blockquote><b>股票变动：</b>尽管AMD在过去五份季度报告中的盈利和销售额均超出了华尔街的预期，但该股仅在第二天上涨了两次，分别是大约三个月前和五个季度前该股上涨了近13%。</blockquote></p><p> AMD shares rose 9.6% in the third quarter. In contrast, the PHLX Semiconductor Index declined 2.6%, the S&P 500 index rose 0.2%, and the tech-heavy Nasdaq Composite Index declined 0.4%. On Friday, the day after Intel's report, AMD shares closed at a record high of $119.82.</p><p><blockquote>AMD股价第三季度上涨9.6%。相比之下，PHLX半导体指数下跌2.6%，标普500指数上涨0.2%，以科技股为主的纳斯达克综合指数下跌0.4%。周五，也就是英特尔发布报告的第二天，AMD股价收于119.82美元的历史新高。</blockquote></p><p> <b>What analysts are saying</b></p><p><blockquote><b>分析师怎么说</b></blockquote></p><p> Cowen analyst Matthew Ramsay, who has an outperform rating and a $120 price target on AMD, said he's \"lookin' for more of the same.\"</p><p><blockquote>Cowen分析师马修·拉姆齐(Matthew Ramsay)对AMD给予跑赢大盘评级，目标价为120美元，他表示“正在寻找更多同样的结果”。</blockquote></p><p> \"We continue to monitor the PC market for signs of demand slowing or supply improving,\" Ramsay said. \"Near-term, we see resilient demand outside Chromebooks, but prefer a prudent/agnostic view on 2022 like AMD took on its last call.\"</p><p><blockquote>Ramsay表示：“我们将继续关注PC市场，寻找需求放缓或供应改善的迹象。”“短期内，我们看到Chromebook以外的需求具有弹性，但更倾向于对2022年采取谨慎/不可知论的观点，就像AMD在上一次看涨期权中采取的那样。”</blockquote></p><p> Earlier in the month, research firms released data showing that pandemic-fueled growth in PC shipments had slowed considerably as the world not only wrestles with a chip shortage but overall supply-chain issues.</p><p><blockquote>本月早些时候，研究公司发布的数据显示，疫情推动的个人电脑出货量增长已大幅放缓，因为世界不仅面临芯片短缺问题，还面临整体供应链问题。</blockquote></p><p></p><p> On data-center sales, Ramsay is even more optimistic estimating that segment will account for more than 25% of sales compared with less than 20% a year ago.</p><p><blockquote>在数据中心销售额方面，Ramsay更加乐观地估计该细分市场将占销售额的25%以上，而一年前这一比例还不到20%。</blockquote></p><p> \"We believe datacenter passing a quarter of AMD's business could draw investor attention,\" Ramsay said. \"We remind investors that the most important business for AMD remains datacenter, which we estimate doubled in 2020, with CEO Lisa Su noting she sees the business momentum accelerating in 2021.\"</p><p><blockquote>拉姆齐表示：“我们相信数据中心超过AMD四分之一的业务可能会引起投资者的关注。”“我们提醒投资者，AMD最重要的业务仍然是数据中心，我们估计该业务在2020年翻了一番，首席执行官Lisa Su指出，她预计2021年业务势头将加速。”</blockquote></p><p> Susquehanna Financial analyst Christopher Rolland, who has a positive rating and a $130 price target on AMD, said he expects another solid quarter driven by enterprise and server sales, but that \"given the slowing PC market, we do not expect mgmt to raise their FY top-line guidance as they have done in numerous updates over the last year.\"</p><p><blockquote>Susquehanna Financial分析师Christopher Rolland对AMD给予正面评级，目标价为130美元，他表示，他预计企业和服务器销售将推动另一个稳健的季度，但“鉴于PC市场放缓，我们预计管理层不会提高他们的财务业绩。”正如他们在去年的多次更新中所做的那样，顶线指导。”</blockquote></p><p> Still, Rolland expects AMD to report share gains from Intel in both desktop and laptop PCs as well as enterprise and gaming PCs.</p><p><blockquote>尽管如此，魅兰预计AMD在台式机和笔记本电脑以及企业级和游戏PC领域的份额将从英特尔增长。</blockquote></p><p> Of the 39 analysts who cover AMD, 23 have buy or overweight ratings, and 16 have hold ratings, with an average price target of $117.55.</p><p><blockquote>在关注AMD的39名分析师中，23名分析师给予买入或跑赢大盘评级，16名分析师给予持有评级，平均目标价为117.55美元。</blockquote></p><p></p>","source":"lsy1603348471595","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>AMD earnings look to again succeed where Intel disappointed<blockquote>AMD盈利有望在英特尔失望的地方再次取得成功</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; 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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\">\nAMD earnings look to again succeed where Intel disappointed<blockquote>AMD盈利有望在英特尔失望的地方再次取得成功</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-10-26 11:32</span>\n</p>\n</h4>\n</header>\n<article>\n<p>AMD earnings preview: After showing data-center gains as Intel declined two quarters in a row, analysts now point to AMD's growing margins as Intel's are projected to shrink</p><p><blockquote>AMD盈利预览：在英特尔连续两个季度下滑后，分析师现在指出，由于英特尔的利润率预计将萎缩，AMD的利润率将不断增长</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/30ec3c9220844c561016f0de86f86f52\" tg-width=\"699\" tg-height=\"394\" referrerpolicy=\"no-referrer\"><span>Advanced Micro Devices Inc.’s growing series of Epyc server chips has been the talk of Wall Street in recent quarters, but that may switch to gross margins in this quarter’s earnings report.</span></p><p><blockquote><p class=\"t-img-caption\"><span>Advanced Micro Devices Inc.不断增长的Epyc服务器芯片系列最近几个季度一直是华尔街的热门话题，但在本季度的收益报告中，这可能会转向毛利率。</span></p></blockquote></p><p> Advanced Micro Devices Inc. is set to follow yet another rough earnings report from Intel Corp., and once again could show gains in an area that caused pain for its larger rival.</p><p><blockquote>超微设备公司（Advanced Micro Devices Inc.）将紧随英特尔公司（Intel Corp.）发布另一份粗略的收益报告，并可能再次在给其规模更大的竞争对手带来痛苦的领域显示收益。</blockquote></p><p> AMD is scheduled to report third-quarter earnings on Tuesday after the close of markets, after Intel reported an earnings beat Thursday that hardly mattered as revenue came in light. More important to analysts was Intel's forecast for declining margins over the next few years as its chief executive doubles down on new manufacturing capacity to try to retake its former glory as the undisputed chip leader.</p><p><blockquote>AMD定于周二收盘后公布第三季度收益，此前英特尔周四公布的收益超出预期，但随着收入的公布，这几乎无关紧要。对分析师来说，更重要的是英特尔预测未来几年利润率将下降，因为其首席执行官加倍投资新的制造能力，试图重新夺回其作为无可争议的芯片领导者的昔日荣耀。</blockquote></p><p> That led to downgrades on Friday and Intel's worst one-day performance since the chip leader said it was going to delay its next generation of chips, an announcement that had fired up even more investor support for AMD back then.</p><p><blockquote>这导致了周五的评级下调，以及英特尔自这家芯片领导者表示将推迟下一代芯片以来最糟糕的单日表现，这一声明当时引发了更多投资者对AMD的支持。</blockquote></p><p> Bernstein analyst Stacy Rasgon, who has a market perform rating on AMD and a $110 price target, said AMD will continue to benefit from Intel's transition, and called attention to an AMD metric that was one of enormous concern during Intel's call: Gross margins.</p><p><blockquote>Bernstein分析师Stacy Rasgon对AMD给予市场表现评级，目标价为110美元，她表示AMD将继续受益于英特尔的转型，并呼吁人们关注英特尔看涨期权期间备受关注的AMD指标之一：毛利率。</blockquote></p><p> \"We believe Street gross margin estimates appear unaggressive going forward (which is not something we have typically said for AMD), and the company is now (for the first time ever) starting to return cash,\" Rasgon said.</p><p><blockquote>拉斯贡表示：“我们认为，未来华尔街的毛利率预期似乎并不激进（这不是我们通常对AMD所说的），该公司现在（有史以来第一次）开始返还现金。”</blockquote></p><p> That underscores another show of how Intel and AMD are transitioning with respect to one another: Analysts on the Intel call were very concerned that Intel's margins were falling despite company assurances they would stay just above 50% for the next few years. Meanwhile, AMD gross margins have been rising, and are likely to break above 50%, if not in this earnings report, then sometime soon. Three months ago, AMD reported gross margins of 48%, up from 44% in the previous year.</p><p><blockquote>这再次凸显了英特尔和AMD如何相互转型：英特尔看涨期权上的分析师非常担心英特尔的利润率正在下降，尽管该公司保证未来几年利润率将保持在50%以上。与此同时，AMD的毛利率一直在上升，很可能会突破50%，如果不是在这份收益报告中，那么很快就会突破50%。三个月前，AMD公布的毛利率为48%，高于上一年的44%。</blockquote></p><p> While AMD is referred to as Intel's \"smaller rival,\" that gap has been steadily closing for a while now. At Friday's close, AMD had a market cap of $145.34 billion, or nearly 73% of Intel's $200.66 billion. Just this past summer, AMD's $111.5 billion valuation was a little more than half Intel's $219.5 billion cap.</p><p><blockquote>虽然AMD被称为英特尔的“较小竞争对手”，但这一差距已经稳步缩小了一段时间。截至周五收盘，AMD市值为1453.4亿美元，占英特尔2006.6亿美元市值的近73%。就在去年夏天，AMD 1115亿美元的估值略高于英特尔2195亿美元上限的一半。</blockquote></p><p> One other are to look at will be data-center sales, as finally swung to a gain in that important segment in the quarter. Over the past two quarters, Intel has posted significant year-over-year declines in the increasingly important category, while AMD has more than doubled its sales. That raises the question whether Intel clawed back some market share, or whether data-center sales were just generally better all around, which AMD's report could answer.</p><p><blockquote>另一个值得关注的是数据中心销售，该销售最终在本季度实现了增长。在过去的两个季度中，英特尔在这一日益重要的类别中的销售额同比大幅下降，而AMD的销售额则增长了一倍多。这就提出了一个问题：英特尔是否夺回了一些市场份额，或者数据中心的销售是否总体上更好，AMD的报告可以回答这个问题。</blockquote></p><p> <b>What to expect</b></p><p><blockquote><b>期待什么</b></blockquote></p><p> <b>Earnings: </b>Of the 34 analysts surveyed by FactSet, AMD on average is expected to post adjusted earnings of 66 cents a share, up from 41 cents a share reported in the year-ago period. Estimize, a software platform that crowdsources estimates from hedge-fund executives, brokerages, buy-side analysts and others, calls for earnings of 72 cents a share.</p><p><blockquote><b>收益：</b>在FactSet调查的34名分析师中，AMD平均预计调整后每股收益为66美分，高于去年同期的每股41美分。Estimize是一个软件平台，众包对冲基金高管、券商、买方分析师和其他人对评级每股收益72美分的估计。</blockquote></p><p> <b>Revenue:</b> Of the 32 analysts polled by FactSet, AMD, on average, is expected to post revenue of $4.11 billion, up from the $2.8 billion reported in the year-ago quarter. AMD had forecast $4 billion to $4.2 billion. Estimize expects revenue of $4.22 billion.</p><p><blockquote><b>收入：</b>在FactSet调查的32名分析师中，AMD平均预计营收为41.1亿美元，高于去年同期的28亿美元。AMD此前预测为40亿至42亿美元。Estimize预计营收为42.2亿美元。</blockquote></p><p> <b>Stock movement:</b> While AMD earnings and sales have both topped Wall Street estimates over the past five quarterly reports, but shares only gained the next day twice, about three months ago and when the stock popped nearly 13% five quarters ago.</p><p><blockquote><b>股票变动：</b>尽管AMD在过去五份季度报告中的盈利和销售额均超出了华尔街的预期，但该股仅在第二天上涨了两次，分别是大约三个月前和五个季度前该股上涨了近13%。</blockquote></p><p> AMD shares rose 9.6% in the third quarter. In contrast, the PHLX Semiconductor Index declined 2.6%, the S&P 500 index rose 0.2%, and the tech-heavy Nasdaq Composite Index declined 0.4%. On Friday, the day after Intel's report, AMD shares closed at a record high of $119.82.</p><p><blockquote>AMD股价第三季度上涨9.6%。相比之下，PHLX半导体指数下跌2.6%，标普500指数上涨0.2%，以科技股为主的纳斯达克综合指数下跌0.4%。周五，也就是英特尔发布报告的第二天，AMD股价收于119.82美元的历史新高。</blockquote></p><p> <b>What analysts are saying</b></p><p><blockquote><b>分析师怎么说</b></blockquote></p><p> Cowen analyst Matthew Ramsay, who has an outperform rating and a $120 price target on AMD, said he's \"lookin' for more of the same.\"</p><p><blockquote>Cowen分析师马修·拉姆齐(Matthew Ramsay)对AMD给予跑赢大盘评级，目标价为120美元，他表示“正在寻找更多同样的结果”。</blockquote></p><p> \"We continue to monitor the PC market for signs of demand slowing or supply improving,\" Ramsay said. \"Near-term, we see resilient demand outside Chromebooks, but prefer a prudent/agnostic view on 2022 like AMD took on its last call.\"</p><p><blockquote>Ramsay表示：“我们将继续关注PC市场，寻找需求放缓或供应改善的迹象。”“短期内，我们看到Chromebook以外的需求具有弹性，但更倾向于对2022年采取谨慎/不可知论的观点，就像AMD在上一次看涨期权中采取的那样。”</blockquote></p><p> Earlier in the month, research firms released data showing that pandemic-fueled growth in PC shipments had slowed considerably as the world not only wrestles with a chip shortage but overall supply-chain issues.</p><p><blockquote>本月早些时候，研究公司发布的数据显示，疫情推动的个人电脑出货量增长已大幅放缓，因为世界不仅面临芯片短缺问题，还面临整体供应链问题。</blockquote></p><p></p><p> On data-center sales, Ramsay is even more optimistic estimating that segment will account for more than 25% of sales compared with less than 20% a year ago.</p><p><blockquote>在数据中心销售额方面，Ramsay更加乐观地估计该细分市场将占销售额的25%以上，而一年前这一比例还不到20%。</blockquote></p><p> \"We believe datacenter passing a quarter of AMD's business could draw investor attention,\" Ramsay said. \"We remind investors that the most important business for AMD remains datacenter, which we estimate doubled in 2020, with CEO Lisa Su noting she sees the business momentum accelerating in 2021.\"</p><p><blockquote>拉姆齐表示：“我们相信数据中心超过AMD四分之一的业务可能会引起投资者的关注。”“我们提醒投资者，AMD最重要的业务仍然是数据中心，我们估计该业务在2020年翻了一番，首席执行官Lisa Su指出，她预计2021年业务势头将加速。”</blockquote></p><p> Susquehanna Financial analyst Christopher Rolland, who has a positive rating and a $130 price target on AMD, said he expects another solid quarter driven by enterprise and server sales, but that \"given the slowing PC market, we do not expect mgmt to raise their FY top-line guidance as they have done in numerous updates over the last year.\"</p><p><blockquote>Susquehanna Financial分析师Christopher Rolland对AMD给予正面评级，目标价为130美元，他表示，他预计企业和服务器销售将推动另一个稳健的季度，但“鉴于PC市场放缓，我们预计管理层不会提高他们的财务业绩。”正如他们在去年的多次更新中所做的那样，顶线指导。”</blockquote></p><p> Still, Rolland expects AMD to report share gains from Intel in both desktop and laptop PCs as well as enterprise and gaming PCs.</p><p><blockquote>尽管如此，魅兰预计AMD在台式机和笔记本电脑以及企业级和游戏PC领域的份额将从英特尔增长。</blockquote></p><p> Of the 39 analysts who cover AMD, 23 have buy or overweight ratings, and 16 have hold ratings, with an average price target of $117.55.</p><p><blockquote>在关注AMD的39名分析师中，23名分析师给予买入或跑赢大盘评级，16名分析师给予持有评级，平均目标价为117.55美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/amd-earnings-look-to-again-succeed-where-intel-disappointed-11634942264?mod=mw_quote_news\">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":{"AMD":"美国超微公司"},"source_url":"https://www.marketwatch.com/story/amd-earnings-look-to-again-succeed-where-intel-disappointed-11634942264?mod=mw_quote_news","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2177412181","content_text":"AMD earnings preview: After showing data-center gains as Intel declined two quarters in a row, analysts now point to AMD's growing margins as Intel's are projected to shrink\nAdvanced Micro Devices Inc.’s growing series of Epyc server chips has been the talk of Wall Street in recent quarters, but that may switch to gross margins in this quarter’s earnings report.\nAdvanced Micro Devices Inc. is set to follow yet another rough earnings report from Intel Corp., and once again could show gains in an area that caused pain for its larger rival.\nAMD is scheduled to report third-quarter earnings on Tuesday after the close of markets, after Intel reported an earnings beat Thursday that hardly mattered as revenue came in light. More important to analysts was Intel's forecast for declining margins over the next few years as its chief executive doubles down on new manufacturing capacity to try to retake its former glory as the undisputed chip leader.\nThat led to downgrades on Friday and Intel's worst one-day performance since the chip leader said it was going to delay its next generation of chips, an announcement that had fired up even more investor support for AMD back then.\nBernstein analyst Stacy Rasgon, who has a market perform rating on AMD and a $110 price target, said AMD will continue to benefit from Intel's transition, and called attention to an AMD metric that was one of enormous concern during Intel's call: Gross margins.\n\"We believe Street gross margin estimates appear unaggressive going forward (which is not something we have typically said for AMD), and the company is now (for the first time ever) starting to return cash,\" Rasgon said.\nThat underscores another show of how Intel and AMD are transitioning with respect to one another: Analysts on the Intel call were very concerned that Intel's margins were falling despite company assurances they would stay just above 50% for the next few years. Meanwhile, AMD gross margins have been rising, and are likely to break above 50%, if not in this earnings report, then sometime soon. Three months ago, AMD reported gross margins of 48%, up from 44% in the previous year.\nWhile AMD is referred to as Intel's \"smaller rival,\" that gap has been steadily closing for a while now. At Friday's close, AMD had a market cap of $145.34 billion, or nearly 73% of Intel's $200.66 billion. Just this past summer, AMD's $111.5 billion valuation was a little more than half Intel's $219.5 billion cap.\nOne other are to look at will be data-center sales, as finally swung to a gain in that important segment in the quarter. Over the past two quarters, Intel has posted significant year-over-year declines in the increasingly important category, while AMD has more than doubled its sales. That raises the question whether Intel clawed back some market share, or whether data-center sales were just generally better all around, which AMD's report could answer.\nWhat to expect\nEarnings: Of the 34 analysts surveyed by FactSet, AMD on average is expected to post adjusted earnings of 66 cents a share, up from 41 cents a share reported in the year-ago period. Estimize, a software platform that crowdsources estimates from hedge-fund executives, brokerages, buy-side analysts and others, calls for earnings of 72 cents a share.\nRevenue: Of the 32 analysts polled by FactSet, AMD, on average, is expected to post revenue of $4.11 billion, up from the $2.8 billion reported in the year-ago quarter. AMD had forecast $4 billion to $4.2 billion. Estimize expects revenue of $4.22 billion.\nStock movement: While AMD earnings and sales have both topped Wall Street estimates over the past five quarterly reports, but shares only gained the next day twice, about three months ago and when the stock popped nearly 13% five quarters ago.\nAMD shares rose 9.6% in the third quarter. In contrast, the PHLX Semiconductor Index declined 2.6%, the S&P 500 index rose 0.2%, and the tech-heavy Nasdaq Composite Index declined 0.4%. On Friday, the day after Intel's report, AMD shares closed at a record high of $119.82.\nWhat analysts are saying\nCowen analyst Matthew Ramsay, who has an outperform rating and a $120 price target on AMD, said he's \"lookin' for more of the same.\"\n\"We continue to monitor the PC market for signs of demand slowing or supply improving,\" Ramsay said. \"Near-term, we see resilient demand outside Chromebooks, but prefer a prudent/agnostic view on 2022 like AMD took on its last call.\"\nEarlier in the month, research firms released data showing that pandemic-fueled growth in PC shipments had slowed considerably as the world not only wrestles with a chip shortage but overall supply-chain issues.\nOn data-center sales, Ramsay is even more optimistic estimating that segment will account for more than 25% of sales compared with less than 20% a year ago.\n\"We believe datacenter passing a quarter of AMD's business could draw investor attention,\" Ramsay said. \"We remind investors that the most important business for AMD remains datacenter, which we estimate doubled in 2020, with CEO Lisa Su noting she sees the business momentum accelerating in 2021.\"\nSusquehanna Financial analyst Christopher Rolland, who has a positive rating and a $130 price target on AMD, said he expects another solid quarter driven by enterprise and server sales, but that \"given the slowing PC market, we do not expect mgmt to raise their FY top-line guidance as they have done in numerous updates over the last year.\"\nStill, Rolland expects AMD to report share gains from Intel in both desktop and laptop PCs as well as enterprise and gaming PCs.\nOf the 39 analysts who cover AMD, 23 have buy or overweight ratings, and 16 have hold ratings, with an average price target of $117.55.","news_type":1,"symbols_score_info":{"AMD":0.9}},"isVote":1,"tweetType":1,"viewCount":2677,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":889549584,"gmtCreate":1631162063648,"gmtModify":1631889928093,"author":{"id":"3575103464431977","authorId":"3575103464431977","name":"ST2021","avatar":"https://static.tigerbbs.com/6ee118d87835058266343c1c14e8552c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575103464431977","authorIdStr":"3575103464431977"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/889549584","repostId":"1152602866","repostType":4,"repost":{"id":"1152602866","kind":"news","pubTimestamp":1631153755,"share":"https://www.laohu8.com/m/news/1152602866?lang=zh_CN&edition=full","pubTime":"2021-09-09 10:15","market":"us","language":"en","title":"Wall Street Strategists Are Cautious About This Fall. Why They’re Worried.<blockquote>华尔街策略师对今年秋季持谨慎态度。他们为什么担心。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1152602866","media":"Barrons","summary":"A pair of Wall Street strategists have just come out with cautious outlooks for stocks this fall. Th","content":"<p>A pair of Wall Street strategists have just come out with cautious outlooks for stocks this fall. They’re joining a growing chorus.</p><p><blockquote>两位华尔街策略师刚刚对今年秋季股市前景持谨慎态度。他们加入了一个日益壮大的合唱团。</blockquote></p><p> The macro markets experts are as bullish as ever on the ongoing economic recovery, but much less so on equities.Federal Reserve tapering, political drama, and pricey valuations could all trip up the stock market this fall.</p><p><blockquote>宏观市场专家一如既往地看好正在进行的经济复苏，但对股市的看法就不那么乐观了。美联储缩减购债规模、政治戏剧和昂贵的估值都可能导致今年秋天的股市陷入困境。</blockquote></p><p> Andrew Sheets, chief cross-asset strategist at Morgan Stanley,sees a “bumpy” next few months, and consequently has downgraded U.S. stocks to the equivalent of Sell. And Savita Subramanian, head of U.S. equity and quantitative strategy at BofA Securities, published a pair of S&P 500 targets that imply near-term losses and an at-best flat market through the end of next year.</p><p><blockquote>摩根士丹利首席跨资产策略师安德鲁·希茨(Andrew Sheets)认为未来几个月将“坎坷”，因此将美股评级下调至相当于卖出。美国银行证券(BofA Securities)美国股票和量化策略主管萨维塔·萨勃拉曼尼亚(Savita Subramanian)发布了两个标普500目标，这意味着近期将出现亏损，并且到明年年底市场充其量将持平。</blockquote></p><p> “Investor sentiment and valuations are extended—a lot of optimism is already priced in—and our Long-Term Valuation Model indicates negative returns for the S&P 500 over the next decade (-0.8% annualized returns) for the first time since the Tech Bubble,” she writes.</p><p><blockquote>“投资者情绪和估值都在扩大——很多乐观情绪已经被消化——我们的长期估值模型表明，自科技泡沫以来，未来十年标普500首次出现负回报（年化回报率为-0.8%），”她写道。</blockquote></p><p> Subramanian expects the S&P 500 to fall to 4250 at the end of this year, down about 6% from current levels around 4500. She sees the index rebounding to 4600 by the end of 2022, which would be a gain of barely 2% from today.</p><p><blockquote>Subramanian预计，今年年底标普500将降至4250点，较目前4500点左右的水平下降约6%。她预计该指数到2022年底将反弹至4600点，较今天仅上涨2%。</blockquote></p><p> Subramanian’s measure of investor sentiment—a contrarian indicator—is signaling euphoria, right when she’s beginning to worry about profit margins and earnings growth. She points to supply-chain disruptions and inflation in wages and input costs as coming headwinds to profitability. Add to that: Interest rates are likely to be higher rather than lower in the coming year—weighing on valuation multiples—and there’s not much for Subramanian to like on the S&P 500 index level.</p><p><blockquote>萨勃拉曼尼亚衡量投资者情绪的指标——一个反向指标——正在发出兴奋的信号，而此时她正开始担心利润率和盈利增长。她指出，供应链中断以及工资和投入成本的通胀是盈利能力面临的阻力。除此之外：来年利率可能会更高而不是更低——这会影响估值倍数——而且萨勃拉曼尼亚在标普500指数水平上没有太多值得喜欢的地方。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a8fde875fdd5b4e849b888c5d1316da5\" tg-width=\"515\" tg-height=\"591\" width=\"100%\" height=\"auto\"><span>Source:FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FactSet</span></p></blockquote></p><p> Sheets expects the Fed to announce its plans to begin reducing monthly asset purchases later this month, and for officials to also update their so-called “dot plot” of future interest-rate forecasts to show a faster-than-expected pace of hikes. Those should drive Treasury yields higher, Sheets argues, putting pressure on U.S. stocks.</p><p><blockquote>Sheets预计，美联储将在本月晚些时候宣布开始减少每月资产购买的计划，官员们还将更新他们所谓的未来利率预测“点阵图”，以显示加息步伐快于预期。Sheets认为，这些应该会推高美国国债收益率，给美国股市带来压力。</blockquote></p><p> Congressional wrangling over traditional and “social” infrastructure bills—and potential higher corporate and personal taxes—will produce some negative headlines in the coming weeks. And economic and earnings growth rates have likely already peaked for the current cycle, Sheets writes.</p><p><blockquote>国会关于传统和“社会”基础设施法案的争论——以及潜在的更高的公司税和个人税——将在未来几周产生一些负面头条新闻。希茨写道，当前周期的经济和盈利增长率可能已经见顶。</blockquote></p><p> Going forward, there are two ways he sees things going: More fiscal stimulus, less Covid-19, and continued rapid U.S. economic growth would encourage the Fed to tighten policy, pushing yields higher and stocks lower. Alternatively, slowing growth would be a challenge to pricey stocks, and could prompt a “growth scare” selloff.</p><p><blockquote>展望未来，他认为事情会以两种方式发展：更多的财政刺激，更少的新冠肺炎，以及美国经济持续快速增长将鼓励美联储收紧政策，推高收益率，降低股市。或者，增长放缓将对昂贵的股票构成挑战，并可能引发“增长恐慌”抛售。</blockquote></p><p> Either way, the implication is for negative stock-market returns, and Sheets prefers European and Japanese equities to the S&P 500. Morgan Stanley strategists have a mid-2022 S&P 500 target of 4225, down about 6% from here.</p><p><blockquote>不管怎样，这意味着股市回报为负，而Sheets更喜欢欧洲和日本股票而不是标普500。大摩策略师将2022年中期标普500目标定为4225点，较目前下跌约6%。</blockquote></p><p> “This is a normal dilemma,” Sheets writes. “After the initial post-recession bounce, growth usually moderates. An improving economy usually brings more cost pressure and inflation as demand rises and labour markets tighten. It usually means central banks shift to tighten policy.”</p><p><blockquote>“这是一个正常的困境，”希茨写道。“在衰退后最初的反弹之后，增长通常会放缓。随着需求上升和劳动力市场收紧，经济改善通常会带来更多的成本压力和通胀。这通常意味着央行转向收紧政策。”</blockquote></p><p> That’s not to say that an economic recession is on the horizon or that earnings will fall. It’s just a new phase in the cycle, and one in which the average stock doesn’t perform as well.</p><p><blockquote>这并不是说经济衰退即将来临或盈利将会下降。这只是周期中的一个新阶段，也是一个股票平均表现不佳的阶段。</blockquote></p><p> Subramanian agrees: “This environment is bullish for interest rates, inflation, and companies geared to U.S. economic growth,” she writes. “We see several areas of the market as well-positioned despite our more cautious outlook on equities: buy inflation-protected yield, and U.S. small caps.”</p><p><blockquote>萨勃拉曼尼亚对此表示同意：“这种环境有利于利率、通胀和面向美国经济增长的公司，”她写道。“尽管我们对股市的前景更加谨慎，但我们认为市场的几个领域也处于有利地位：购买通胀保值收益率和美国小盘股。”</blockquote></p><p> Small caps tend to do well when economic growth is strong, and Subramanian sees potential benefits from greater infrastructure spending by the government and capex investment from companies in the coming year. Plus, cheaper relative valuations than large caps make small caps less of a lift.</p><p><blockquote>当经济增长强劲时，小盘股往往表现良好，Subramanian认为未来一年政府增加基础设施支出和企业资本支出投资可能带来好处。此外，相对估值比大盘股便宜，使得小盘股的提振作用较小。</blockquote></p><p> The small-cap Russell 2000 index currently trades for about 29 times its estimated earnings over the next 12 months, versus its average of about 27.5 times over the past 25 years, according to data from Bloomberg. That compares with the S&P 500 at more than 22 times forward earnings today and a long-term average around 17 times.</p><p><blockquote>根据彭博社的数据，小盘股罗素2000指数目前的市盈率约为未来12个月预期市盈率的29倍，而过去25年的平均市盈率约为27.5倍。相比之下，标普500目前的预期市盈率超过22倍，长期平均市盈率约为17倍。</blockquote></p><p> Inflation-protected yield means dividend-growth stocks. “Bonds offer yield with no inflation protection, commodities offer inflation exposure but no yield,” Subramanian writes. “Stocks sit in the middle: earnings, unlike bond yields, are nominal and grow with inflation.”</p><p><blockquote>通胀保值收益率意味着股息增长型股票。萨勃拉曼尼亚写道：“债券提供没有通胀保护的收益率，大宗商品提供通胀风险但没有收益率。”“股票位于中间：与债券收益率不同，收益是名义上的，并随着通货膨胀而增长。”</blockquote></p><p></p><p> In particular, Subramanian likes dividend-growth stocks in sectors like energy, financials, and materials which stand to benefit from a growing economy and faster-than-average inflation.</p><p><blockquote>萨勃拉曼尼亚特别喜欢能源、金融和材料等行业的股息增长股票，这些股票将受益于经济增长和高于平均水平的通胀。</blockquote></p><p> Those could include Bank of America(ticker: BAC),Citigroup(C),Newmont(NEM),EOG Resources(EOG), or Pioneer Natural Resources(PXD), according to a <i>Barron’s</i> screen for dividend-growth stocks in those industries.</p><p><blockquote>据报道，其中可能包括美国银行（股票代码：BAC）、花旗集团（C）、纽蒙特公司（NEM）、EOG Resources（EOG）或先锋自然资源公司（PXD）<i>巴伦周刊</i>筛选这些行业中股息增长的股票。</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>Wall Street Strategists Are Cautious About This Fall. Why They’re Worried.<blockquote>华尔街策略师对今年秋季持谨慎态度。他们为什么担心。</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\">\nWall Street Strategists Are Cautious About This Fall. Why They’re Worried.<blockquote>华尔街策略师对今年秋季持谨慎态度。他们为什么担心。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-09-09 10:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p>A pair of Wall Street strategists have just come out with cautious outlooks for stocks this fall. They’re joining a growing chorus.</p><p><blockquote>两位华尔街策略师刚刚对今年秋季股市前景持谨慎态度。他们加入了一个日益壮大的合唱团。</blockquote></p><p> The macro markets experts are as bullish as ever on the ongoing economic recovery, but much less so on equities.Federal Reserve tapering, political drama, and pricey valuations could all trip up the stock market this fall.</p><p><blockquote>宏观市场专家一如既往地看好正在进行的经济复苏，但对股市的看法就不那么乐观了。美联储缩减购债规模、政治戏剧和昂贵的估值都可能导致今年秋天的股市陷入困境。</blockquote></p><p> Andrew Sheets, chief cross-asset strategist at Morgan Stanley,sees a “bumpy” next few months, and consequently has downgraded U.S. stocks to the equivalent of Sell. And Savita Subramanian, head of U.S. equity and quantitative strategy at BofA Securities, published a pair of S&P 500 targets that imply near-term losses and an at-best flat market through the end of next year.</p><p><blockquote>摩根士丹利首席跨资产策略师安德鲁·希茨(Andrew Sheets)认为未来几个月将“坎坷”，因此将美股评级下调至相当于卖出。美国银行证券(BofA Securities)美国股票和量化策略主管萨维塔·萨勃拉曼尼亚(Savita Subramanian)发布了两个标普500目标，这意味着近期将出现亏损，并且到明年年底市场充其量将持平。</blockquote></p><p> “Investor sentiment and valuations are extended—a lot of optimism is already priced in—and our Long-Term Valuation Model indicates negative returns for the S&P 500 over the next decade (-0.8% annualized returns) for the first time since the Tech Bubble,” she writes.</p><p><blockquote>“投资者情绪和估值都在扩大——很多乐观情绪已经被消化——我们的长期估值模型表明，自科技泡沫以来，未来十年标普500首次出现负回报（年化回报率为-0.8%），”她写道。</blockquote></p><p> Subramanian expects the S&P 500 to fall to 4250 at the end of this year, down about 6% from current levels around 4500. She sees the index rebounding to 4600 by the end of 2022, which would be a gain of barely 2% from today.</p><p><blockquote>Subramanian预计，今年年底标普500将降至4250点，较目前4500点左右的水平下降约6%。她预计该指数到2022年底将反弹至4600点，较今天仅上涨2%。</blockquote></p><p> Subramanian’s measure of investor sentiment—a contrarian indicator—is signaling euphoria, right when she’s beginning to worry about profit margins and earnings growth. She points to supply-chain disruptions and inflation in wages and input costs as coming headwinds to profitability. Add to that: Interest rates are likely to be higher rather than lower in the coming year—weighing on valuation multiples—and there’s not much for Subramanian to like on the S&P 500 index level.</p><p><blockquote>萨勃拉曼尼亚衡量投资者情绪的指标——一个反向指标——正在发出兴奋的信号，而此时她正开始担心利润率和盈利增长。她指出，供应链中断以及工资和投入成本的通胀是盈利能力面临的阻力。除此之外：来年利率可能会更高而不是更低——这会影响估值倍数——而且萨勃拉曼尼亚在标普500指数水平上没有太多值得喜欢的地方。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a8fde875fdd5b4e849b888c5d1316da5\" tg-width=\"515\" tg-height=\"591\" width=\"100%\" height=\"auto\"><span>Source:FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FactSet</span></p></blockquote></p><p> Sheets expects the Fed to announce its plans to begin reducing monthly asset purchases later this month, and for officials to also update their so-called “dot plot” of future interest-rate forecasts to show a faster-than-expected pace of hikes. Those should drive Treasury yields higher, Sheets argues, putting pressure on U.S. stocks.</p><p><blockquote>Sheets预计，美联储将在本月晚些时候宣布开始减少每月资产购买的计划，官员们还将更新他们所谓的未来利率预测“点阵图”，以显示加息步伐快于预期。Sheets认为，这些应该会推高美国国债收益率，给美国股市带来压力。</blockquote></p><p> Congressional wrangling over traditional and “social” infrastructure bills—and potential higher corporate and personal taxes—will produce some negative headlines in the coming weeks. And economic and earnings growth rates have likely already peaked for the current cycle, Sheets writes.</p><p><blockquote>国会关于传统和“社会”基础设施法案的争论——以及潜在的更高的公司税和个人税——将在未来几周产生一些负面头条新闻。希茨写道，当前周期的经济和盈利增长率可能已经见顶。</blockquote></p><p> Going forward, there are two ways he sees things going: More fiscal stimulus, less Covid-19, and continued rapid U.S. economic growth would encourage the Fed to tighten policy, pushing yields higher and stocks lower. Alternatively, slowing growth would be a challenge to pricey stocks, and could prompt a “growth scare” selloff.</p><p><blockquote>展望未来，他认为事情会以两种方式发展：更多的财政刺激，更少的新冠肺炎，以及美国经济持续快速增长将鼓励美联储收紧政策，推高收益率，降低股市。或者，增长放缓将对昂贵的股票构成挑战，并可能引发“增长恐慌”抛售。</blockquote></p><p> Either way, the implication is for negative stock-market returns, and Sheets prefers European and Japanese equities to the S&P 500. Morgan Stanley strategists have a mid-2022 S&P 500 target of 4225, down about 6% from here.</p><p><blockquote>不管怎样，这意味着股市回报为负，而Sheets更喜欢欧洲和日本股票而不是标普500。大摩策略师将2022年中期标普500目标定为4225点，较目前下跌约6%。</blockquote></p><p> “This is a normal dilemma,” Sheets writes. “After the initial post-recession bounce, growth usually moderates. An improving economy usually brings more cost pressure and inflation as demand rises and labour markets tighten. It usually means central banks shift to tighten policy.”</p><p><blockquote>“这是一个正常的困境，”希茨写道。“在衰退后最初的反弹之后，增长通常会放缓。随着需求上升和劳动力市场收紧，经济改善通常会带来更多的成本压力和通胀。这通常意味着央行转向收紧政策。”</blockquote></p><p> That’s not to say that an economic recession is on the horizon or that earnings will fall. It’s just a new phase in the cycle, and one in which the average stock doesn’t perform as well.</p><p><blockquote>这并不是说经济衰退即将来临或盈利将会下降。这只是周期中的一个新阶段，也是一个股票平均表现不佳的阶段。</blockquote></p><p> Subramanian agrees: “This environment is bullish for interest rates, inflation, and companies geared to U.S. economic growth,” she writes. “We see several areas of the market as well-positioned despite our more cautious outlook on equities: buy inflation-protected yield, and U.S. small caps.”</p><p><blockquote>萨勃拉曼尼亚对此表示同意：“这种环境有利于利率、通胀和面向美国经济增长的公司，”她写道。“尽管我们对股市的前景更加谨慎，但我们认为市场的几个领域也处于有利地位：购买通胀保值收益率和美国小盘股。”</blockquote></p><p> Small caps tend to do well when economic growth is strong, and Subramanian sees potential benefits from greater infrastructure spending by the government and capex investment from companies in the coming year. Plus, cheaper relative valuations than large caps make small caps less of a lift.</p><p><blockquote>当经济增长强劲时，小盘股往往表现良好，Subramanian认为未来一年政府增加基础设施支出和企业资本支出投资可能带来好处。此外，相对估值比大盘股便宜，使得小盘股的提振作用较小。</blockquote></p><p> The small-cap Russell 2000 index currently trades for about 29 times its estimated earnings over the next 12 months, versus its average of about 27.5 times over the past 25 years, according to data from Bloomberg. That compares with the S&P 500 at more than 22 times forward earnings today and a long-term average around 17 times.</p><p><blockquote>根据彭博社的数据，小盘股罗素2000指数目前的市盈率约为未来12个月预期市盈率的29倍，而过去25年的平均市盈率约为27.5倍。相比之下，标普500目前的预期市盈率超过22倍，长期平均市盈率约为17倍。</blockquote></p><p> Inflation-protected yield means dividend-growth stocks. “Bonds offer yield with no inflation protection, commodities offer inflation exposure but no yield,” Subramanian writes. “Stocks sit in the middle: earnings, unlike bond yields, are nominal and grow with inflation.”</p><p><blockquote>通胀保值收益率意味着股息增长型股票。萨勃拉曼尼亚写道：“债券提供没有通胀保护的收益率，大宗商品提供通胀风险但没有收益率。”“股票位于中间：与债券收益率不同，收益是名义上的，并随着通货膨胀而增长。”</blockquote></p><p></p><p> In particular, Subramanian likes dividend-growth stocks in sectors like energy, financials, and materials which stand to benefit from a growing economy and faster-than-average inflation.</p><p><blockquote>萨勃拉曼尼亚特别喜欢能源、金融和材料等行业的股息增长股票，这些股票将受益于经济增长和高于平均水平的通胀。</blockquote></p><p> Those could include Bank of America(ticker: BAC),Citigroup(C),Newmont(NEM),EOG Resources(EOG), or Pioneer Natural Resources(PXD), according to a <i>Barron’s</i> screen for dividend-growth stocks in those industries.</p><p><blockquote>据报道，其中可能包括美国银行（股票代码：BAC）、花旗集团（C）、纽蒙特公司（NEM）、EOG Resources（EOG）或先锋自然资源公司（PXD）<i>巴伦周刊</i>筛选这些行业中股息增长的股票。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/wall-street-strategists-are-cautious-about-this-fall-why-theyre-worried-51631131168?mod=hp_LEAD_1\">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",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/wall-street-strategists-are-cautious-about-this-fall-why-theyre-worried-51631131168?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152602866","content_text":"A pair of Wall Street strategists have just come out with cautious outlooks for stocks this fall. They’re joining a growing chorus.\nThe macro markets experts are as bullish as ever on the ongoing economic recovery, but much less so on equities.Federal Reserve tapering, political drama, and pricey valuations could all trip up the stock market this fall.\nAndrew Sheets, chief cross-asset strategist at Morgan Stanley,sees a “bumpy” next few months, and consequently has downgraded U.S. stocks to the equivalent of Sell. And Savita Subramanian, head of U.S. equity and quantitative strategy at BofA Securities, published a pair of S&P 500 targets that imply near-term losses and an at-best flat market through the end of next year.\n“Investor sentiment and valuations are extended—a lot of optimism is already priced in—and our Long-Term Valuation Model indicates negative returns for the S&P 500 over the next decade (-0.8% annualized returns) for the first time since the Tech Bubble,” she writes.\nSubramanian expects the S&P 500 to fall to 4250 at the end of this year, down about 6% from current levels around 4500. She sees the index rebounding to 4600 by the end of 2022, which would be a gain of barely 2% from today.\nSubramanian’s measure of investor sentiment—a contrarian indicator—is signaling euphoria, right when she’s beginning to worry about profit margins and earnings growth. She points to supply-chain disruptions and inflation in wages and input costs as coming headwinds to profitability. Add to that: Interest rates are likely to be higher rather than lower in the coming year—weighing on valuation multiples—and there’s not much for Subramanian to like on the S&P 500 index level.\nSource:FactSet\nSheets expects the Fed to announce its plans to begin reducing monthly asset purchases later this month, and for officials to also update their so-called “dot plot” of future interest-rate forecasts to show a faster-than-expected pace of hikes. Those should drive Treasury yields higher, Sheets argues, putting pressure on U.S. stocks.\nCongressional wrangling over traditional and “social” infrastructure bills—and potential higher corporate and personal taxes—will produce some negative headlines in the coming weeks. And economic and earnings growth rates have likely already peaked for the current cycle, Sheets writes.\nGoing forward, there are two ways he sees things going: More fiscal stimulus, less Covid-19, and continued rapid U.S. economic growth would encourage the Fed to tighten policy, pushing yields higher and stocks lower. Alternatively, slowing growth would be a challenge to pricey stocks, and could prompt a “growth scare” selloff.\nEither way, the implication is for negative stock-market returns, and Sheets prefers European and Japanese equities to the S&P 500. Morgan Stanley strategists have a mid-2022 S&P 500 target of 4225, down about 6% from here.\n“This is a normal dilemma,” Sheets writes. “After the initial post-recession bounce, growth usually moderates. An improving economy usually brings more cost pressure and inflation as demand rises and labour markets tighten. It usually means central banks shift to tighten policy.”\nThat’s not to say that an economic recession is on the horizon or that earnings will fall. It’s just a new phase in the cycle, and one in which the average stock doesn’t perform as well.\nSubramanian agrees: “This environment is bullish for interest rates, inflation, and companies geared to U.S. economic growth,” she writes. “We see several areas of the market as well-positioned despite our more cautious outlook on equities: buy inflation-protected yield, and U.S. small caps.”\nSmall caps tend to do well when economic growth is strong, and Subramanian sees potential benefits from greater infrastructure spending by the government and capex investment from companies in the coming year. Plus, cheaper relative valuations than large caps make small caps less of a lift.\nThe small-cap Russell 2000 index currently trades for about 29 times its estimated earnings over the next 12 months, versus its average of about 27.5 times over the past 25 years, according to data from Bloomberg. That compares with the S&P 500 at more than 22 times forward earnings today and a long-term average around 17 times.\nInflation-protected yield means dividend-growth stocks. “Bonds offer yield with no inflation protection, commodities offer inflation exposure but no yield,” Subramanian writes. “Stocks sit in the middle: earnings, unlike bond yields, are nominal and grow with inflation.”\nIn particular, Subramanian likes dividend-growth stocks in sectors like energy, financials, and materials which stand to benefit from a growing economy and faster-than-average inflation.\nThose could include Bank of America(ticker: BAC),Citigroup(C),Newmont(NEM),EOG Resources(EOG), or Pioneer Natural Resources(PXD), according to a Barron’s screen for dividend-growth stocks in those industries.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2762,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895489680,"gmtCreate":1628765547240,"gmtModify":1631889928105,"author":{"id":"3575103464431977","authorId":"3575103464431977","name":"ST2021","avatar":"https://static.tigerbbs.com/6ee118d87835058266343c1c14e8552c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575103464431977","authorIdStr":"3575103464431977"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/895489680","repostId":"895433863","repostType":1,"repost":{"id":895433863,"gmtCreate":1628763636749,"gmtModify":1628763636749,"author":{"id":"3524106587938986","authorId":"3524106587938986","name":"资本要闻","avatar":"https://static.tigerbbs.com/4b73ab963c29c77d538b8de17c26e931","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3524106587938986","authorIdStr":"3524106587938986"},"themes":[],"title":"爱奇艺发布2021年Q2财报 净亏损连续五季度同比收窄","htmlText":"8月12日，爱奇艺公布了2021年第二季度业绩报告。财报显示，2021年第二季度爱奇艺总营收达到76亿元人民币，同比增长3%，总营收符合公司此前预期。 值得关注的是，本季度爱奇艺净亏损达14亿元人民币，运营亏损达11亿元人民币，运营亏损率从去年同期的17%缩减至15%。得益于对成本的有效控制，爱奇艺的净亏损已连续五个季度实现同比收窄。同时，摊薄后每股ADS归属于爱奇艺的当季净亏损为人民币1.75元，较去年同期的1.96元实现下降。 爱奇艺首席财务官王晓东表示：“本季度，我们的营收成本与去年同期相比持平，其中内容成本也保持稳定。”据公开数据统计，自2019年开始，爱奇艺内容成本增幅已连续多季度实现下降，内容成本在总支出中的占比逐步回落，对外释放出积极的财务信号。凭借对高品质内容的持续输出、原创自制能力的大幅提升以及多样化的内容探索，爱奇艺得以实现更高的投入回报率。第二季度，爱奇艺推出的《小舍得》《叛逆者》《爱上特种兵》等热门剧集，《萌探探探案》《做家务的男人》等爆款综艺，以及《浴血无名川》《扫黑·决战》《万界奇缘》《只好背叛地球了》等电影、动漫内容均引发了一定的用户反响，满足了市场的分众化需求。爱奇艺创始人、CEO龚宇特别提到，下半年，爱奇艺在内容数量、质量和类型方面，都将有更好的储备。 第二季度，会员与广告仍是爱奇艺的主要收入组成部分。其中，爱奇艺会员收入达40亿元人民币，占总收入的 52%。广告收入达到18亿元人民币，同比增长15%。除此之外，爱奇艺也在探索多元的货币化手段。在第二季度，爱奇艺以游戏、IP增值授权、直播、艺人经纪等组成的其他收入表现亮眼，同比增长达20%。 针对净亏损的持续收窄，行业普遍分析认为，近年来市场出台的限薪令、反对注水剧多项规范性政策、倡议等，对影视生产环节的成本体系进行了有效调控。同时，爱奇艺多个内容工作室的全面发力，可以大大助力其以较低成本获","listText":"8月12日，爱奇艺公布了2021年第二季度业绩报告。财报显示，2021年第二季度爱奇艺总营收达到76亿元人民币，同比增长3%，总营收符合公司此前预期。 值得关注的是，本季度爱奇艺净亏损达14亿元人民币，运营亏损达11亿元人民币，运营亏损率从去年同期的17%缩减至15%。得益于对成本的有效控制，爱奇艺的净亏损已连续五个季度实现同比收窄。同时，摊薄后每股ADS归属于爱奇艺的当季净亏损为人民币1.75元，较去年同期的1.96元实现下降。 爱奇艺首席财务官王晓东表示：“本季度，我们的营收成本与去年同期相比持平，其中内容成本也保持稳定。”据公开数据统计，自2019年开始，爱奇艺内容成本增幅已连续多季度实现下降，内容成本在总支出中的占比逐步回落，对外释放出积极的财务信号。凭借对高品质内容的持续输出、原创自制能力的大幅提升以及多样化的内容探索，爱奇艺得以实现更高的投入回报率。第二季度，爱奇艺推出的《小舍得》《叛逆者》《爱上特种兵》等热门剧集，《萌探探探案》《做家务的男人》等爆款综艺，以及《浴血无名川》《扫黑·决战》《万界奇缘》《只好背叛地球了》等电影、动漫内容均引发了一定的用户反响，满足了市场的分众化需求。爱奇艺创始人、CEO龚宇特别提到，下半年，爱奇艺在内容数量、质量和类型方面，都将有更好的储备。 第二季度，会员与广告仍是爱奇艺的主要收入组成部分。其中，爱奇艺会员收入达40亿元人民币，占总收入的 52%。广告收入达到18亿元人民币，同比增长15%。除此之外，爱奇艺也在探索多元的货币化手段。在第二季度，爱奇艺以游戏、IP增值授权、直播、艺人经纪等组成的其他收入表现亮眼，同比增长达20%。 针对净亏损的持续收窄，行业普遍分析认为，近年来市场出台的限薪令、反对注水剧多项规范性政策、倡议等，对影视生产环节的成本体系进行了有效调控。同时，爱奇艺多个内容工作室的全面发力，可以大大助力其以较低成本获","text":"8月12日，爱奇艺公布了2021年第二季度业绩报告。财报显示，2021年第二季度爱奇艺总营收达到76亿元人民币，同比增长3%，总营收符合公司此前预期。 值得关注的是，本季度爱奇艺净亏损达14亿元人民币，运营亏损达11亿元人民币，运营亏损率从去年同期的17%缩减至15%。得益于对成本的有效控制，爱奇艺的净亏损已连续五个季度实现同比收窄。同时，摊薄后每股ADS归属于爱奇艺的当季净亏损为人民币1.75元，较去年同期的1.96元实现下降。 爱奇艺首席财务官王晓东表示：“本季度，我们的营收成本与去年同期相比持平，其中内容成本也保持稳定。”据公开数据统计，自2019年开始，爱奇艺内容成本增幅已连续多季度实现下降，内容成本在总支出中的占比逐步回落，对外释放出积极的财务信号。凭借对高品质内容的持续输出、原创自制能力的大幅提升以及多样化的内容探索，爱奇艺得以实现更高的投入回报率。第二季度，爱奇艺推出的《小舍得》《叛逆者》《爱上特种兵》等热门剧集，《萌探探探案》《做家务的男人》等爆款综艺，以及《浴血无名川》《扫黑·决战》《万界奇缘》《只好背叛地球了》等电影、动漫内容均引发了一定的用户反响，满足了市场的分众化需求。爱奇艺创始人、CEO龚宇特别提到，下半年，爱奇艺在内容数量、质量和类型方面，都将有更好的储备。 第二季度，会员与广告仍是爱奇艺的主要收入组成部分。其中，爱奇艺会员收入达40亿元人民币，占总收入的 52%。广告收入达到18亿元人民币，同比增长15%。除此之外，爱奇艺也在探索多元的货币化手段。在第二季度，爱奇艺以游戏、IP增值授权、直播、艺人经纪等组成的其他收入表现亮眼，同比增长达20%。 针对净亏损的持续收窄，行业普遍分析认为，近年来市场出台的限薪令、反对注水剧多项规范性政策、倡议等，对影视生产环节的成本体系进行了有效调控。同时，爱奇艺多个内容工作室的全面发力，可以大大助力其以较低成本获","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/895433863","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3259,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895489935,"gmtCreate":1628765516927,"gmtModify":1631889928119,"author":{"id":"3575103464431977","authorId":"3575103464431977","name":"ST2021","avatar":"https://static.tigerbbs.com/6ee118d87835058266343c1c14e8552c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575103464431977","authorIdStr":"3575103464431977"},"themes":[],"htmlText":"Ok [疑问] ","listText":"Ok [疑问] ","text":"Ok 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[惊讶]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/140213881","repostId":"2149978493","repostType":4,"isVote":1,"tweetType":1,"viewCount":4205,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":155633621,"gmtCreate":1625409651463,"gmtModify":1631889928155,"author":{"id":"3575103464431977","authorId":"3575103464431977","name":"ST2021","avatar":"https://static.tigerbbs.com/6ee118d87835058266343c1c14e8552c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575103464431977","authorIdStr":"3575103464431977"},"themes":[],"htmlText":"Ok [鬼脸] ","listText":"Ok [鬼脸] ","text":"Ok [鬼脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/155633621","repostId":"1160702483","repostType":4,"isVote":1,"tweetType":1,"viewCount":2626,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":158058625,"gmtCreate":1625115660067,"gmtModify":1631889928165,"author":{"id":"3575103464431977","authorId":"3575103464431977","name":"ST2021","avatar":"https://static.tigerbbs.com/6ee118d87835058266343c1c14e8552c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575103464431977","authorIdStr":"3575103464431977"},"themes":[],"htmlText":"Ok [可爱] ","listText":"Ok [可爱] ","text":"Ok [可爱]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/158058625","repostId":"1178516480","repostType":4,"repost":{"id":"1178516480","kind":"news","pubTimestamp":1625094708,"share":"https://www.laohu8.com/m/news/1178516480?lang=zh_CN&edition=full","pubTime":"2021-07-01 07:11","market":"us","language":"en","title":"S&P 500 notches fifth straight record closing high, fifth straight quarterly gain<blockquote>标普500连续第五次创下收盘新高，连续第五个季度上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1178516480","media":"Reuters","summary":"NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as inves","content":"<p>NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday’s highly anticipated employment report.</p><p><blockquote>纽约（路透社）-标普500周三连续第五次创下收盘新高，投资者在本月和本季度结束时基本上摆脱了积极的经济数据，并期待周五备受期待的就业报告。</blockquote></p><p> In the last session of 2021’s first half, the indexes were languid and range-bound, with the blue-chip Dow posting gains, while the Nasdaq edged lower.</p><p><blockquote>在2021年上半年的最后一个交易日，股指低迷且区间震荡，蓝筹股道指上涨，而纳斯达克则小幅走低。</blockquote></p><p> All three indexes posted their fifth consecutive quarterly gains, with the S&P rising 8.2%, the Nasdaq advancing 9.5% and the Dow rising 4.6%. The S&P 500 registered its second-best first-half performance since 1998, rising 14.5%.</p><p><blockquote>三大指数均连续第五个季度上涨，标准普尔指数上涨8.2%，纳斯达克指数上涨9.5%，道指上涨4.6%。标普500上半年表现为1998年以来第二好，上涨14.5%。</blockquote></p><p> “It’s been a good quarter,” said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. “As of last night’s close, the S&P has gained more than 14% year-to-date, topping the Dow and the Nasdaq. That indicates that the stock market is having a broad rally.”</p><p><blockquote>“这是一个不错的季度，”康涅狄格州费尔菲尔德Dakota Wealth的高级投资组合经理罗伯特·帕夫利克(Robert Pavlik)表示。“截至昨晚收盘，标普今年迄今已上涨超过14%，超过道指和纳斯达克。这表明股市正在出现广泛反弹。”</blockquote></p><p> For the month, the bellwether S&P 500 notched its fifth consecutive advance, while the Dow snapped its four-month winning streak to end slightly lower. The Nasdaq also gained ground in June.</p><p><blockquote>本月，领头羊标普500连续第五次上涨，而道琼斯指数结束了四个月的连涨，小幅收低。纳斯达克在6月份也取得了进展。</blockquote></p><p> This month, investor appetite shifted away from economically sensitive cyclicals in favor of growth stocks.</p><p><blockquote>本月，投资者的兴趣从对经济敏感的周期性股票转向成长型股票。</blockquote></p><p> “Leading sectors year-to-date are what you’d expect,” Pavlik added. “Energy, financials and industrials, and that speaks to an economic environment that’s in the early stages of a cycle.”</p><p><blockquote>“今年迄今为止的领先行业正如你所预期的那样，”帕夫利克补充道。“能源、金融和工业，这表明经济环境正处于周期的早期阶段。”</blockquote></p><p> “(Investors) started the switch back to growth (stocks) after people started to buy in to (Fed Chair Jerome) Powell’s comments that focus on transitory inflation,” Pavlik added.</p><p><blockquote>帕夫利克补充道：“在人们开始接受（美联储主席杰罗姆）鲍威尔关注暂时性通胀的言论后，（投资者）开始转向增长（股票）。”</blockquote></p><p> “Some of the reopening trades have gotten a bit long in the tooth and that’s leading people back to growth.”</p><p><blockquote>“一些重新开放的交易已经持续了一段时间，这正在引导人们恢复增长。”</blockquote></p><p> (Graphic: Growths stocks outperform value in June, narrow YTD gap, )</p><p><blockquote>（图：6月份成长股跑赢价值股，年初至今差距缩小，）</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5b82b4dfdc765d913811f9d8572e60f6\" tg-width=\"964\" tg-height=\"723\" referrerpolicy=\"no-referrer\">“The overall stock market continues to be on a tear, with very consistent gains for quite some time,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “Valuations, while certainly high by historical standards, have been at a fairly consistent level, benefiting from the economic recovery.”</p><p><blockquote>纽约Inverness Counsel首席投资策略师蒂姆·格里斯基(Tim Ghriskey)表示：“整体股市继续上涨，在相当长一段时间内持续上涨。”“虽然按照历史标准来看估值肯定很高，但受益于经济复苏，估值一直处于相当稳定的水平。”</blockquote></p><p> The private sector added 692,000 jobs in June, breezing past expectations, according to payroll processor ADP. The number is 92,000 higher than the private payroll adds economists predict from the Labor Department’s more comprehensive employment report due on Friday.</p><p><blockquote>根据薪资处理机构ADP的数据，私营部门6月份增加了692,000个就业岗位，轻松超出预期。这一数字比经济学家在劳工部周五发布的更全面的就业报告中预测的私人就业人数高出92,000人。</blockquote></p><p> The Dow Jones Industrial Average rose 210.22 points, or 0.61%, to 34,502.51, the S&P 500 gained 5.7 points, or 0.13%, to 4,297.5 and the Nasdaq Composite dropped 24.38 points, or 0.17%, to 14,503.95.</p><p><blockquote>道琼斯工业平均指数上涨210.22点，涨幅0.61%，至34,502.51点；标普500上涨5.7点，涨幅0.13%，至4,297.5点；纳斯达克综合指数下跌24.38点，涨幅0.17%，至14,503.95点。</blockquote></p><p> Among the 11 major sectors in the S&P, six ended the session higher, with energy enjoying the biggest percentage gain. Real estate was the day’s biggest loser.</p><p><blockquote>在标准普尔11个主要板块中，有6个板块收高，其中能源板块涨幅最大。房地产是当天最大的输家。</blockquote></p><p> Boeing Co gained 1.6% after Germany’s defense ministry announced it would buy five of the planemaker’s P-8A maritime control aircraft, coming on the heels of United Airlines unveiling its largest-ever order for new planes.</p><p><blockquote>德国国防部宣布将购买该飞机制造商的五架P-8A海上控制飞机，波音公司股价上涨1.6%，此前联合航空公布了有史以来最大的新飞机订单。</blockquote></p><p> Walmart jumped 2.7% after announcing on Tuesday that it would start selling a prescription-only insulin analog.</p><p><blockquote>沃尔玛周二宣布将开始销售仅限处方的胰岛素类似物，股价上涨2.7%。</blockquote></p><p> Micron Technology advanced 2.5% ahead of its quarterly earnings release, but was relatively unchanged in after-hours trading following the chipmaker’s quarterly results.</p><p><blockquote>美光科技在季度财报发布前上涨2.5%，但在芯片制造商公布季度业绩后，盘后交易中相对没有变化。</blockquote></p><p> Advancing issues outnumbered declining ones on the NYSE by a 1.35-to-1 ratio; on Nasdaq, a 1.19-to-1 ratio favored decliners.</p><p><blockquote>纽约证券交易所上涨股与下跌股的比例为1.35比1；在纳斯达克，1.19比1的比率有利于下跌股。</blockquote></p><p> The S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 70 new highs and 36 new lows.</p><p><blockquote>标普500创下20个52周新高，无新低；纳斯达克综合指数录得70个新高和36个新低。</blockquote></p><p> Volume on U.S. exchanges was 10.85 billion shares, compared with the 11.05 billion average over the last 20 trading days.</p><p><blockquote>美国交易所成交量为108.5亿股，而过去20个交易日的平均成交量为110.5亿股。</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>S&P 500 notches fifth straight record closing high, fifth straight quarterly gain<blockquote>标普500连续第五次创下收盘新高，连续第五个季度上涨</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\">\nS&P 500 notches fifth straight record closing high, fifth straight quarterly gain<blockquote>标普500连续第五次创下收盘新高，连续第五个季度上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-07-01 07:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p>NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday’s highly anticipated employment report.</p><p><blockquote>纽约（路透社）-标普500周三连续第五次创下收盘新高，投资者在本月和本季度结束时基本上摆脱了积极的经济数据，并期待周五备受期待的就业报告。</blockquote></p><p> In the last session of 2021’s first half, the indexes were languid and range-bound, with the blue-chip Dow posting gains, while the Nasdaq edged lower.</p><p><blockquote>在2021年上半年的最后一个交易日，股指低迷且区间震荡，蓝筹股道指上涨，而纳斯达克则小幅走低。</blockquote></p><p> All three indexes posted their fifth consecutive quarterly gains, with the S&P rising 8.2%, the Nasdaq advancing 9.5% and the Dow rising 4.6%. The S&P 500 registered its second-best first-half performance since 1998, rising 14.5%.</p><p><blockquote>三大指数均连续第五个季度上涨，标准普尔指数上涨8.2%，纳斯达克指数上涨9.5%，道指上涨4.6%。标普500上半年表现为1998年以来第二好，上涨14.5%。</blockquote></p><p> “It’s been a good quarter,” said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. “As of last night’s close, the S&P has gained more than 14% year-to-date, topping the Dow and the Nasdaq. That indicates that the stock market is having a broad rally.”</p><p><blockquote>“这是一个不错的季度，”康涅狄格州费尔菲尔德Dakota Wealth的高级投资组合经理罗伯特·帕夫利克(Robert Pavlik)表示。“截至昨晚收盘，标普今年迄今已上涨超过14%，超过道指和纳斯达克。这表明股市正在出现广泛反弹。”</blockquote></p><p> For the month, the bellwether S&P 500 notched its fifth consecutive advance, while the Dow snapped its four-month winning streak to end slightly lower. The Nasdaq also gained ground in June.</p><p><blockquote>本月，领头羊标普500连续第五次上涨，而道琼斯指数结束了四个月的连涨，小幅收低。纳斯达克在6月份也取得了进展。</blockquote></p><p> This month, investor appetite shifted away from economically sensitive cyclicals in favor of growth stocks.</p><p><blockquote>本月，投资者的兴趣从对经济敏感的周期性股票转向成长型股票。</blockquote></p><p> “Leading sectors year-to-date are what you’d expect,” Pavlik added. “Energy, financials and industrials, and that speaks to an economic environment that’s in the early stages of a cycle.”</p><p><blockquote>“今年迄今为止的领先行业正如你所预期的那样，”帕夫利克补充道。“能源、金融和工业，这表明经济环境正处于周期的早期阶段。”</blockquote></p><p> “(Investors) started the switch back to growth (stocks) after people started to buy in to (Fed Chair Jerome) Powell’s comments that focus on transitory inflation,” Pavlik added.</p><p><blockquote>帕夫利克补充道：“在人们开始接受（美联储主席杰罗姆）鲍威尔关注暂时性通胀的言论后，（投资者）开始转向增长（股票）。”</blockquote></p><p> “Some of the reopening trades have gotten a bit long in the tooth and that’s leading people back to growth.”</p><p><blockquote>“一些重新开放的交易已经持续了一段时间，这正在引导人们恢复增长。”</blockquote></p><p> (Graphic: Growths stocks outperform value in June, narrow YTD gap, )</p><p><blockquote>（图：6月份成长股跑赢价值股，年初至今差距缩小，）</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5b82b4dfdc765d913811f9d8572e60f6\" tg-width=\"964\" tg-height=\"723\" referrerpolicy=\"no-referrer\">“The overall stock market continues to be on a tear, with very consistent gains for quite some time,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “Valuations, while certainly high by historical standards, have been at a fairly consistent level, benefiting from the economic recovery.”</p><p><blockquote>纽约Inverness Counsel首席投资策略师蒂姆·格里斯基(Tim Ghriskey)表示：“整体股市继续上涨，在相当长一段时间内持续上涨。”“虽然按照历史标准来看估值肯定很高，但受益于经济复苏，估值一直处于相当稳定的水平。”</blockquote></p><p> The private sector added 692,000 jobs in June, breezing past expectations, according to payroll processor ADP. The number is 92,000 higher than the private payroll adds economists predict from the Labor Department’s more comprehensive employment report due on Friday.</p><p><blockquote>根据薪资处理机构ADP的数据，私营部门6月份增加了692,000个就业岗位，轻松超出预期。这一数字比经济学家在劳工部周五发布的更全面的就业报告中预测的私人就业人数高出92,000人。</blockquote></p><p> The Dow Jones Industrial Average rose 210.22 points, or 0.61%, to 34,502.51, the S&P 500 gained 5.7 points, or 0.13%, to 4,297.5 and the Nasdaq Composite dropped 24.38 points, or 0.17%, to 14,503.95.</p><p><blockquote>道琼斯工业平均指数上涨210.22点，涨幅0.61%，至34,502.51点；标普500上涨5.7点，涨幅0.13%，至4,297.5点；纳斯达克综合指数下跌24.38点，涨幅0.17%，至14,503.95点。</blockquote></p><p> Among the 11 major sectors in the S&P, six ended the session higher, with energy enjoying the biggest percentage gain. Real estate was the day’s biggest loser.</p><p><blockquote>在标准普尔11个主要板块中，有6个板块收高，其中能源板块涨幅最大。房地产是当天最大的输家。</blockquote></p><p> Boeing Co gained 1.6% after Germany’s defense ministry announced it would buy five of the planemaker’s P-8A maritime control aircraft, coming on the heels of United Airlines unveiling its largest-ever order for new planes.</p><p><blockquote>德国国防部宣布将购买该飞机制造商的五架P-8A海上控制飞机，波音公司股价上涨1.6%，此前联合航空公布了有史以来最大的新飞机订单。</blockquote></p><p> Walmart jumped 2.7% after announcing on Tuesday that it would start selling a prescription-only insulin analog.</p><p><blockquote>沃尔玛周二宣布将开始销售仅限处方的胰岛素类似物，股价上涨2.7%。</blockquote></p><p> Micron Technology advanced 2.5% ahead of its quarterly earnings release, but was relatively unchanged in after-hours trading following the chipmaker’s quarterly results.</p><p><blockquote>美光科技在季度财报发布前上涨2.5%，但在芯片制造商公布季度业绩后，盘后交易中相对没有变化。</blockquote></p><p> Advancing issues outnumbered declining ones on the NYSE by a 1.35-to-1 ratio; on Nasdaq, a 1.19-to-1 ratio favored decliners.</p><p><blockquote>纽约证券交易所上涨股与下跌股的比例为1.35比1；在纳斯达克，1.19比1的比率有利于下跌股。</blockquote></p><p> The S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 70 new highs and 36 new lows.</p><p><blockquote>标普500创下20个52周新高，无新低；纳斯达克综合指数录得70个新高和36个新低。</blockquote></p><p> Volume on U.S. exchanges was 10.85 billion shares, compared with the 11.05 billion average over the last 20 trading days.</p><p><blockquote>美国交易所成交量为108.5亿股，而过去20个交易日的平均成交量为110.5亿股。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/us-usa-stocks/sp-500-notches-fifth-straight-record-closing-high-fifth-straight-quarterly-gain-idUSKCN2E619R\">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":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.reuters.com/article/us-usa-stocks/sp-500-notches-fifth-straight-record-closing-high-fifth-straight-quarterly-gain-idUSKCN2E619R","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178516480","content_text":"NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday’s highly anticipated employment report.\nIn the last session of 2021’s first half, the indexes were languid and range-bound, with the blue-chip Dow posting gains, while the Nasdaq edged lower.\nAll three indexes posted their fifth consecutive quarterly gains, with the S&P rising 8.2%, the Nasdaq advancing 9.5% and the Dow rising 4.6%. The S&P 500 registered its second-best first-half performance since 1998, rising 14.5%.\n“It’s been a good quarter,” said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. “As of last night’s close, the S&P has gained more than 14% year-to-date, topping the Dow and the Nasdaq. That indicates that the stock market is having a broad rally.”\nFor the month, the bellwether S&P 500 notched its fifth consecutive advance, while the Dow snapped its four-month winning streak to end slightly lower. The Nasdaq also gained ground in June.\nThis month, investor appetite shifted away from economically sensitive cyclicals in favor of growth stocks.\n“Leading sectors year-to-date are what you’d expect,” Pavlik added. “Energy, financials and industrials, and that speaks to an economic environment that’s in the early stages of a cycle.”\n“(Investors) started the switch back to growth (stocks) after people started to buy in to (Fed Chair Jerome) Powell’s comments that focus on transitory inflation,” Pavlik added.\n“Some of the reopening trades have gotten a bit long in the tooth and that’s leading people back to growth.”\n(Graphic: Growths stocks outperform value in June, narrow YTD gap, )\n“The overall stock market continues to be on a tear, with very consistent gains for quite some time,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “Valuations, while certainly high by historical standards, have been at a fairly consistent level, benefiting from the economic recovery.”\nThe private sector added 692,000 jobs in June, breezing past expectations, according to payroll processor ADP. The number is 92,000 higher than the private payroll adds economists predict from the Labor Department’s more comprehensive employment report due on Friday.\nThe Dow Jones Industrial Average rose 210.22 points, or 0.61%, to 34,502.51, the S&P 500 gained 5.7 points, or 0.13%, to 4,297.5 and the Nasdaq Composite dropped 24.38 points, or 0.17%, to 14,503.95.\nAmong the 11 major sectors in the S&P, six ended the session higher, with energy enjoying the biggest percentage gain. Real estate was the day’s biggest loser.\nBoeing Co gained 1.6% after Germany’s defense ministry announced it would buy five of the planemaker’s P-8A maritime control aircraft, coming on the heels of United Airlines unveiling its largest-ever order for new planes.\nWalmart jumped 2.7% after announcing on Tuesday that it would start selling a prescription-only insulin analog.\nMicron Technology advanced 2.5% ahead of its quarterly earnings release, but was relatively unchanged in after-hours trading following the chipmaker’s quarterly results.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.35-to-1 ratio; on Nasdaq, a 1.19-to-1 ratio favored decliners.\nThe S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 70 new highs and 36 new lows.\nVolume on U.S. exchanges was 10.85 billion shares, compared with the 11.05 billion average over the last 20 trading days.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":3381,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":153326962,"gmtCreate":1625010845756,"gmtModify":1631889928177,"author":{"id":"3575103464431977","authorId":"3575103464431977","name":"ST2021","avatar":"https://static.tigerbbs.com/6ee118d87835058266343c1c14e8552c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575103464431977","authorIdStr":"3575103464431977"},"themes":[],"htmlText":"Go go","listText":"Go go","text":"Go go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/153326962","repostId":"1122418477","repostType":4,"isVote":1,"tweetType":1,"viewCount":2214,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159051474,"gmtCreate":1624932511598,"gmtModify":1631889928189,"author":{"id":"3575103464431977","authorId":"3575103464431977","name":"ST2021","avatar":"https://static.tigerbbs.com/6ee118d87835058266343c1c14e8552c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575103464431977","authorIdStr":"3575103464431977"},"themes":[],"htmlText":"Ok [得意] ","listText":"Ok [得意] ","text":"Ok [得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159051474","repostId":"2147837316","repostType":4,"isVote":1,"tweetType":1,"viewCount":2470,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"posts","isTTM":false}