what0ever
2021-05-21
Verrückt
The Stock Market Is Crazy. Why It Makes Total Sense.<blockquote>股市很疯狂。为什么这完全有意义。</blockquote>
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Why It Makes Total Sense.<blockquote>股市很疯狂。为什么这完全有意义。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1142165550","media":"Barrons","summary":"The stock market can make perfect sense—even when it doesn’t feel like it.\nYes, the market has appea","content":"<p>The stock market can make perfect sense—even when it doesn’t feel like it.</p><p><blockquote>股票市场可能非常有意义——即使感觉不像。</blockquote></p><p> Yes, the market has appeared particularly chaotic of late, with stocks dropping, jumping, dropping, and jumping again. But take a step back, and first-quarter earnings season—now nearly over—explains much of the action.</p><p><blockquote>是的，最近市场显得特别混乱，股票跌、跳、跌、再跳。但退一步说，第一季度财报季——现在几乎结束了——解释了大部分行动。</blockquote></p><p> Take the rotationout of techinto value, one of 2021’s big themes. The Nasdaq Composite,home to richly valued tech stocks like Tesla and Netflix,is up 5% this year, while the Dow Jones Industrial Average,home to old economy stocks like Caterpillar and Home Depot,is up 11%.</p><p><blockquote>将技术转向价值，这是2021年的大主题之一。特斯拉和Netflix等估值高的科技股所在的纳斯达克综合指数今年上涨了5%，而卡特彼勒和家得宝等旧经济股所在的道琼斯工业平均指数则上涨了11%。</blockquote></p><p> Puzzling? Not really. Earnings growth was slightly better for Nasdaq companies than for Dow components, but the stock market is always about expectations. Some 86% of Dow companies topped Wall Street projections, while only 61% of Nasdaq companies beat theirs. What’s more, the Nasdaq came into earnings trading at about 35 times estimated 2021 earnings. The Dow was trading at 21 times.</p><p><blockquote>莫名其妙？不是真的。纳斯达克公司的盈利增长略好于道指成分股，但股市总是与预期有关。大约86%的道琼斯指数公司超过了华尔街的预测，而只有61%的纳斯达克公司超过了华尔街的预测。更重要的是，这家纳斯达克的市盈率约为2021年预期市盈率的35倍。道琼斯指数的交易价格为21倍。</blockquote></p><p> Earnings season hasn’t changed much. The Dow, now at 20 times earnings, still trades at a big valuation discount to the Nasdaq, at 32 times. Second-quarter comparisons to a dreadful pandemic affected 2020 should look great for Dow firms.</p><p><blockquote>财报季没有太大变化。道琼斯指数目前的市盈率为20倍，但仍比纳斯达克的32倍估值有很大折扣。对于道琼斯指数公司来说，将第二季度与2020年受大流行影响的可怕疫情进行比较应该会很好。</blockquote></p><p> That’s one way of saying the rotation doesn’t look done quite yet.</p><p><blockquote>这是轮换看起来还没有完全完成的一种说法。</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>The Stock Market Is Crazy. Why It Makes Total Sense.<blockquote>股市很疯狂。为什么这完全有意义。</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\">\nThe Stock Market Is Crazy. Why It Makes Total Sense.<blockquote>股市很疯狂。为什么这完全有意义。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-05-21 20:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The stock market can make perfect sense—even when it doesn’t feel like it.</p><p><blockquote>股票市场可能非常有意义——即使感觉不像。</blockquote></p><p> Yes, the market has appeared particularly chaotic of late, with stocks dropping, jumping, dropping, and jumping again. But take a step back, and first-quarter earnings season—now nearly over—explains much of the action.</p><p><blockquote>是的，最近市场显得特别混乱，股票跌、跳、跌、再跳。但退一步说，第一季度财报季——现在几乎结束了——解释了大部分行动。</blockquote></p><p> Take the rotationout of techinto value, one of 2021’s big themes. The Nasdaq Composite,home to richly valued tech stocks like Tesla and Netflix,is up 5% this year, while the Dow Jones Industrial Average,home to old economy stocks like Caterpillar and Home Depot,is up 11%.</p><p><blockquote>将技术转向价值，这是2021年的大主题之一。特斯拉和Netflix等估值高的科技股所在的纳斯达克综合指数今年上涨了5%，而卡特彼勒和家得宝等旧经济股所在的道琼斯工业平均指数则上涨了11%。</blockquote></p><p> Puzzling? Not really. Earnings growth was slightly better for Nasdaq companies than for Dow components, but the stock market is always about expectations. Some 86% of Dow companies topped Wall Street projections, while only 61% of Nasdaq companies beat theirs. What’s more, the Nasdaq came into earnings trading at about 35 times estimated 2021 earnings. The Dow was trading at 21 times.</p><p><blockquote>莫名其妙？不是真的。纳斯达克公司的盈利增长略好于道指成分股，但股市总是与预期有关。大约86%的道琼斯指数公司超过了华尔街的预测，而只有61%的纳斯达克公司超过了华尔街的预测。更重要的是，这家纳斯达克的市盈率约为2021年预期市盈率的35倍。道琼斯指数的交易价格为21倍。</blockquote></p><p> Earnings season hasn’t changed much. The Dow, now at 20 times earnings, still trades at a big valuation discount to the Nasdaq, at 32 times. Second-quarter comparisons to a dreadful pandemic affected 2020 should look great for Dow firms.</p><p><blockquote>财报季没有太大变化。道琼斯指数目前的市盈率为20倍，但仍比纳斯达克的32倍估值有很大折扣。对于道琼斯指数公司来说，将第二季度与2020年受大流行影响的可怕疫情进行比较应该会很好。</blockquote></p><p> That’s one way of saying the rotation doesn’t look done quite yet.</p><p><blockquote>这是轮换看起来还没有完全完成的一种说法。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/things-to-know-today-51621599477?mod=RTA\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/things-to-know-today-51621599477?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142165550","content_text":"The stock market can make perfect sense—even when it doesn’t feel like it.\nYes, the market has appeared particularly chaotic of late, with stocks dropping, jumping, dropping, and jumping again. But take a step back, and first-quarter earnings season—now nearly over—explains much of the action.\nTake the rotationout of techinto value, one of 2021’s big themes. The Nasdaq Composite,home to richly valued tech stocks like Tesla and Netflix,is up 5% this year, while the Dow Jones Industrial Average,home to old economy stocks like Caterpillar and Home Depot,is up 11%.\nPuzzling? Not really. Earnings growth was slightly better for Nasdaq companies than for Dow components, but the stock market is always about expectations. Some 86% of Dow companies topped Wall Street projections, while only 61% of Nasdaq companies beat theirs. What’s more, the Nasdaq came into earnings trading at about 35 times estimated 2021 earnings. The Dow was trading at 21 times.\nEarnings season hasn’t changed much. The Dow, now at 20 times earnings, still trades at a big valuation discount to the Nasdaq, at 32 times. Second-quarter comparisons to a dreadful pandemic affected 2020 should look great for Dow firms.\nThat’s one way of saying the rotation doesn’t look done quite yet.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":713,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":8,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/139805342"}
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