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2021-09-29

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Why High-Growth Tech Stocks Are Falling Tuesday<blockquote>为什么高增长科技股周二下跌</blockquote>

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That's bad news for soaring tech stocks, i","content":" Mr. Market is looking for safer investment options again. That's bad news for soaring tech stocks, including <a href=\"https://laohu8.com/S/AAPL\">Apple</a>, Roku, and <a href=\"https://laohu8.com/S/SHOP\">Shopify</a>. Key <a href=\"https://laohu8.com/S/PCOM\">Points</a><blockquote>市场先生再次寻找更安全的投资选择。这对于飙升的科技股来说是个坏消息，包括<a href=\"https://laohu8.com/S/AAPL\">苹果</a>、Roku和<a href=\"https://laohu8.com/S/SHOP\">商店</a>.钥匙<a href=\"https://laohu8.com/S/PCOM\">积分</a></blockquote> <ul> <li>Many high-flying and seemingly risky stocks took a big hit on Tuesday.</li> <li>You could see this event as a rehearsal for more dramatic market corrections in the reasonably near future.</li> </ul> What happened<blockquote><ul><li>周二，许多高涨且看似高风险的股票遭受重创。</li><li>你可以将这一事件视为在不久的将来更剧烈的市场调整的预演。</li></ul>发生了什么事</blockquote> Many tech stocks got a haircut on Tuesday as Wall Street turned away from seemingly risky investments in favor of more sensible value plays. Any ticker with a recent history of market-beating returns was fair game for a sharp correction, including many popular investments in the technology sector.<blockquote>随着华尔街放弃看似高风险的投资，转而投资更明智的价值投资，许多科技股周二遭遇重挫。任何近期有跑赢市场回报历史的股票都是大幅调整的公平游戏，包括科技行业的许多热门投资。</blockquote> As of 2:35 p.m, EDT, database specialistMongoDB(NASDAQ:MDB)had fallen as much as 4.8%. E-commerce technologistShopify(NYSE:SHOP)dipped 5.9% lower at most. Data-warehousing expert<a href=\"https://laohu8.com/S/SNOW\">Snowflake</a>(NYSE:SNOW)bounced back from a 5.5% nadir, and media-streaming veteranRoku(NASDAQ:ROKU)found support after a 4.5% fall. Even mightyApple(NASDAQ:AAPL)suffered a maximum drop of 2.5%.<blockquote>截至美国东部时间下午 2:35，数据库专家蒙戈数据库（纳斯达克股票代码：MDB）跌幅高达 4.8%。电子商务技术专家商店（纽约证券交易所代码：SHOP）最多下跌 5.9%。数据仓库专家<a href=\"https://laohu8.com/S/SNOW\">雪花</a>（纽约证券交易所股票代码：SNOW）从 5.5% 的低点反弹，以及流媒体资深人士Roku（纳斯达克股票代码：ROKU）在下跌 4.5% 后找到支撑。甚至强大苹果（纳斯达克股票代码：AAPL）最大跌幅为2.5%。</blockquote> Together, the lowest points for this group of five stocks added up to $80.6 billion of lost market value Tuesday. The funny thing is, none of these fantastic companies did anything wrong. They were punished as a group for the debatable offense ofdelivering strong returns to shareholdersin recent months.<blockquote>周二，这五只股票的最低点总共损失了 806 亿美元的市值。有趣的是，这些出色的公司都没有做错任何事。他们因最近几个月向股东提供丰厚回报这一有争议的罪行而作为一个团体受到惩罚。</blockquote> So what<blockquote>那又怎样</blockquote> The specific details may differ, but the themes are all the same. Here's what these stocks looked like on Monday evening:<blockquote>具体细节可能会有所不同，但主题都是一样的。以下是这些股票周一晚上的情况：</blockquote> <ul> <li>MongoDB had gained 133% over the previous 52 weeks, trading at 42 times trailing sales with negative earnings.</li> <li>Roku looked back at a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-year gain of 88%. The stock traded at 196 times trailing earnings and 19 times sales.</li> <li>Shopify had amassed a 54% return over the same period. Shares were changing hands at 392 times earnings and 47 times sales.</li> <li>Snowflake's annual gain stopped at 48%. Like MongoDB, this company is not reporting positive bottom-line earnings. The stock was soaring at 95 times trailing sales.</li> <li>Apple's full-year returns were actually slightly below theS&amp;P 500's 35% gain, but the iPhone maker had tripled the broader market's 5% returns since early June. At 28.5 times earnings and 7 times sales, Apple's shares straddled the line between growth stocks and value investments.</li> </ul> These combinations of recent gains and soaring valuation ratios set our example tickers up for painful corrections Tuesday. To be clear, none of the companies listed above had any significant news of their own Tuesday.<blockquote><ul><li>MongoDB 在过去 52 周内上涨了 133%，交易价格是历史销售额的 42 倍，收益为负。</li><li>Roku回头看了一眼<a href=\"https://laohu8.com/S/AONE.U\">一</a>-年收益88%。该股的市盈率是历史市盈率的 196 倍，销售额是历史市盈率的 19 倍。</li><li>Shopify 同期积累了 54% 的回报率。股票易手的市盈率是 392 倍，销售额是 47 倍。</li><li>雪花的年度涨幅止步于 48%。与 MongoDB 一样，这家公司也没有报告正的利润。该股飙升至历史销售额的 95 倍。</li><li>苹果的全年回报率实际上略低于标普500自 6 月初以来，这家 iPhone 制造商的回报率已是大盘 5% 的三倍。苹果的市盈率为 28.5 倍，销售额为 7 倍，介于成长型股票和价值投资之间。</li></ul>近期涨幅和估值比率飙升的这些结合使我们的示例股票在周二面临痛苦的调整。需要明确的是，上述列出的公司周二都没有任何重大消息。</blockquote> Now what<blockquote>现在呢</blockquote> The driving force behind Tuesday's flight from riskier stocks was a surging bond market, where the yield on10-year Treasury notesrose to a three-month high of 1.53%. The stock market can be sensitive to large moves in these ultra-safe investment returns. Higher bond yields give value investors a more sensible safe haven in times of turmoil.<blockquote>周二高风险股票出逃的驱动力是债券市场的飙升，10年期国债收益率升至1.53%的三个月高点。股票市场可能对这些超安全投资回报的大幅波动很敏感。较高的债券收益率为价值投资者在动荡时期提供了更明智的避风港。</blockquote> In turn, the rising bond rates followed from the idea that the Federal Reserve looks ready to stop plowing billions of dollars into the bond market someday soon. The rising yields are still lower than the long-term annual inflation target of 2%, which limits the power of the bond market as a whole. Tuesday's anti-risk corrections will look tame by comparison if that yield-to-inflation relationship flips around, which might actually happen when the Fed's quantitative easing program finally runs its course.<blockquote>反过来，债券利率上升是因为美联储似乎准备在不久的将来停止向债券市场投入数十亿美元。不断上升的收益率仍低于2%的长期年通胀目标，这限制了债券市场整体的动力。相比之下，如果收益率与通胀的关系发生逆转，周二的抗风险调整将显得温和，而当美联储的量化宽松计划最终走上正轨时，这种情况实际上可能会发生。</blockquote> I'm not saying it's time to sell every high-risk stock and reinvest the cash in bonds and gold, but investors should be ready for a more dramatic drop in the relatively near future. If anything, I might increase my investments in MongoDB and Roku if their stock prices tumble for purely economy-based reasons.<blockquote>我并不是说现在是出售每一只高风险股票并将现金再投资于债券和黄金的时候了，但投资者应该为在相对不久的将来出现更剧烈的下跌做好准备。如果有的话，如果MongoDB和Roku的股价因为纯粹的经济原因而暴跌，我可能会增加对它们的投资。</blockquote> After all, these great companies are poised for long-term success in their chosen sectors regardless of bond yields and inflation rates. In the long run,stock prices are based on business results, not on the availability or lack of investment alternatives.<blockquote>毕竟，无论债券收益率和通货膨胀率如何，这些伟大的公司都准备好在他们选择的领域取得长期成功。从长远来看，股票价格是基于经营业绩，而不是投资选择的可用性或缺乏性。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why High-Growth Tech Stocks Are Falling Tuesday<blockquote>为什么高增长科技股周二下跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy High-Growth Tech Stocks Are Falling Tuesday<blockquote>为什么高增长科技股周二下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-09-29 09:09\n\n</h4>\n</header>\n<article>\n Mr. Market is looking for safer investment options again. That's bad news for soaring tech stocks, including <a href=\"https://laohu8.com/S/AAPL\">Apple</a>, Roku, and <a href=\"https://laohu8.com/S/SHOP\">Shopify</a>. Key <a href=\"https://laohu8.com/S/PCOM\">Points</a><blockquote>市场先生再次寻找更安全的投资选择。这对于飙升的科技股来说是个坏消息，包括<a href=\"https://laohu8.com/S/AAPL\">苹果</a>、Roku和<a href=\"https://laohu8.com/S/SHOP\">商店</a>.钥匙<a href=\"https://laohu8.com/S/PCOM\">积分</a></blockquote> <ul> <li>Many high-flying and seemingly risky stocks took a big hit on Tuesday.</li> <li>You could see this event as a rehearsal for more dramatic market corrections in the reasonably near future.</li> </ul> What happened<blockquote><ul><li>周二，许多高涨且看似高风险的股票遭受重创。</li><li>你可以将这一事件视为在不久的将来更剧烈的市场调整的预演。</li></ul>发生了什么事</blockquote> Many tech stocks got a haircut on Tuesday as Wall Street turned away from seemingly risky investments in favor of more sensible value plays. Any ticker with a recent history of market-beating returns was fair game for a sharp correction, including many popular investments in the technology sector.<blockquote>随着华尔街放弃看似高风险的投资，转而投资更明智的价值投资，许多科技股周二遭遇重挫。任何近期有跑赢市场回报历史的股票都是大幅调整的公平游戏，包括科技行业的许多热门投资。</blockquote> As of 2:35 p.m, EDT, database specialistMongoDB(NASDAQ:MDB)had fallen as much as 4.8%. E-commerce technologistShopify(NYSE:SHOP)dipped 5.9% lower at most. Data-warehousing expert<a href=\"https://laohu8.com/S/SNOW\">Snowflake</a>(NYSE:SNOW)bounced back from a 5.5% nadir, and media-streaming veteranRoku(NASDAQ:ROKU)found support after a 4.5% fall. Even mightyApple(NASDAQ:AAPL)suffered a maximum drop of 2.5%.<blockquote>截至美国东部时间下午 2:35，数据库专家蒙戈数据库（纳斯达克股票代码：MDB）跌幅高达 4.8%。电子商务技术专家商店（纽约证券交易所代码：SHOP）最多下跌 5.9%。数据仓库专家<a href=\"https://laohu8.com/S/SNOW\">雪花</a>（纽约证券交易所股票代码：SNOW）从 5.5% 的低点反弹，以及流媒体资深人士Roku（纳斯达克股票代码：ROKU）在下跌 4.5% 后找到支撑。甚至强大苹果（纳斯达克股票代码：AAPL）最大跌幅为2.5%。</blockquote> Together, the lowest points for this group of five stocks added up to $80.6 billion of lost market value Tuesday. The funny thing is, none of these fantastic companies did anything wrong. They were punished as a group for the debatable offense ofdelivering strong returns to shareholdersin recent months.<blockquote>周二，这五只股票的最低点总共损失了 806 亿美元的市值。有趣的是，这些出色的公司都没有做错任何事。他们因最近几个月向股东提供丰厚回报这一有争议的罪行而作为一个团体受到惩罚。</blockquote> So what<blockquote>那又怎样</blockquote> The specific details may differ, but the themes are all the same. Here's what these stocks looked like on Monday evening:<blockquote>具体细节可能会有所不同，但主题都是一样的。以下是这些股票周一晚上的情况：</blockquote> <ul> <li>MongoDB had gained 133% over the previous 52 weeks, trading at 42 times trailing sales with negative earnings.</li> <li>Roku looked back at a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-year gain of 88%. The stock traded at 196 times trailing earnings and 19 times sales.</li> <li>Shopify had amassed a 54% return over the same period. Shares were changing hands at 392 times earnings and 47 times sales.</li> <li>Snowflake's annual gain stopped at 48%. Like MongoDB, this company is not reporting positive bottom-line earnings. The stock was soaring at 95 times trailing sales.</li> <li>Apple's full-year returns were actually slightly below theS&amp;P 500's 35% gain, but the iPhone maker had tripled the broader market's 5% returns since early June. At 28.5 times earnings and 7 times sales, Apple's shares straddled the line between growth stocks and value investments.</li> </ul> These combinations of recent gains and soaring valuation ratios set our example tickers up for painful corrections Tuesday. To be clear, none of the companies listed above had any significant news of their own Tuesday.<blockquote><ul><li>MongoDB 在过去 52 周内上涨了 133%，交易价格是历史销售额的 42 倍，收益为负。</li><li>Roku回头看了一眼<a href=\"https://laohu8.com/S/AONE.U\">一</a>-年收益88%。该股的市盈率是历史市盈率的 196 倍，销售额是历史市盈率的 19 倍。</li><li>Shopify 同期积累了 54% 的回报率。股票易手的市盈率是 392 倍，销售额是 47 倍。</li><li>雪花的年度涨幅止步于 48%。与 MongoDB 一样，这家公司也没有报告正的利润。该股飙升至历史销售额的 95 倍。</li><li>苹果的全年回报率实际上略低于标普500自 6 月初以来，这家 iPhone 制造商的回报率已是大盘 5% 的三倍。苹果的市盈率为 28.5 倍，销售额为 7 倍，介于成长型股票和价值投资之间。</li></ul>近期涨幅和估值比率飙升的这些结合使我们的示例股票在周二面临痛苦的调整。需要明确的是，上述列出的公司周二都没有任何重大消息。</blockquote> Now what<blockquote>现在呢</blockquote> The driving force behind Tuesday's flight from riskier stocks was a surging bond market, where the yield on10-year Treasury notesrose to a three-month high of 1.53%. The stock market can be sensitive to large moves in these ultra-safe investment returns. Higher bond yields give value investors a more sensible safe haven in times of turmoil.<blockquote>周二高风险股票出逃的驱动力是债券市场的飙升，10年期国债收益率升至1.53%的三个月高点。股票市场可能对这些超安全投资回报的大幅波动很敏感。较高的债券收益率为价值投资者在动荡时期提供了更明智的避风港。</blockquote> In turn, the rising bond rates followed from the idea that the Federal Reserve looks ready to stop plowing billions of dollars into the bond market someday soon. The rising yields are still lower than the long-term annual inflation target of 2%, which limits the power of the bond market as a whole. Tuesday's anti-risk corrections will look tame by comparison if that yield-to-inflation relationship flips around, which might actually happen when the Fed's quantitative easing program finally runs its course.<blockquote>反过来，债券利率上升是因为美联储似乎准备在不久的将来停止向债券市场投入数十亿美元。不断上升的收益率仍低于2%的长期年通胀目标，这限制了债券市场整体的动力。相比之下，如果收益率与通胀的关系发生逆转，周二的抗风险调整将显得温和，而当美联储的量化宽松计划最终走上正轨时，这种情况实际上可能会发生。</blockquote> I'm not saying it's time to sell every high-risk stock and reinvest the cash in bonds and gold, but investors should be ready for a more dramatic drop in the relatively near future. If anything, I might increase my investments in MongoDB and Roku if their stock prices tumble for purely economy-based reasons.<blockquote>我并不是说现在是出售每一只高风险股票并将现金再投资于债券和黄金的时候了，但投资者应该为在相对不久的将来出现更剧烈的下跌做好准备。如果有的话，如果MongoDB和Roku的股价因为纯粹的经济原因而暴跌，我可能会增加对它们的投资。</blockquote> After all, these great companies are poised for long-term success in their chosen sectors regardless of bond yields and inflation rates. In the long run,stock prices are based on business results, not on the availability or lack of investment alternatives.<blockquote>毕竟，无论债券收益率和通货膨胀率如何，这些伟大的公司都准备好在他们选择的领域取得长期成功。从长远来看，股票价格是基于经营业绩，而不是投资选择的可用性或缺乏性。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/09/28/why-high-growth-tech-stocks-are-falling-today/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2021/09/28/why-high-growth-tech-stocks-are-falling-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191678943","content_text":"Mr. Market is looking for safer investment options again. That's bad news for soaring tech stocks, including Apple, Roku, and Shopify.\n\nKey Points\n\nMany high-flying and seemingly risky stocks took a big hit on Tuesday.\nYou could see this event as a rehearsal for more dramatic market corrections in the reasonably near future.\n\nWhat happened\nMany tech stocks got a haircut on Tuesday as Wall Street turned away from seemingly risky investments in favor of more sensible value plays. Any ticker with a recent history of market-beating returns was fair game for a sharp correction, including many popular investments in the technology sector.\nAs of 2:35 p.m, EDT, database specialistMongoDB(NASDAQ:MDB)had fallen as much as 4.8%. E-commerce technologistShopify(NYSE:SHOP)dipped 5.9% lower at most. Data-warehousing expertSnowflake(NYSE:SNOW)bounced back from a 5.5% nadir, and media-streaming veteranRoku(NASDAQ:ROKU)found support after a 4.5% fall. Even mightyApple(NASDAQ:AAPL)suffered a maximum drop of 2.5%.\nTogether, the lowest points for this group of five stocks added up to $80.6 billion of lost market value Tuesday. The funny thing is, none of these fantastic companies did anything wrong. They were punished as a group for the debatable offense ofdelivering strong returns to shareholdersin recent months.\nSo what\nThe specific details may differ, but the themes are all the same. Here's what these stocks looked like on Monday evening:\n\nMongoDB had gained 133% over the previous 52 weeks, trading at 42 times trailing sales with negative earnings.\nRoku looked back at a one-year gain of 88%. The stock traded at 196 times trailing earnings and 19 times sales.\nShopify had amassed a 54% return over the same period. Shares were changing hands at 392 times earnings and 47 times sales.\nSnowflake's annual gain stopped at 48%. Like MongoDB, this company is not reporting positive bottom-line earnings. The stock was soaring at 95 times trailing sales.\nApple's full-year returns were actually slightly below theS&P 500's 35% gain, but the iPhone maker had tripled the broader market's 5% returns since early June. At 28.5 times earnings and 7 times sales, Apple's shares straddled the line between growth stocks and value investments.\n\nThese combinations of recent gains and soaring valuation ratios set our example tickers up for painful corrections Tuesday. To be clear, none of the companies listed above had any significant news of their own Tuesday.\nNow what\nThe driving force behind Tuesday's flight from riskier stocks was a surging bond market, where the yield on10-year Treasury notesrose to a three-month high of 1.53%. The stock market can be sensitive to large moves in these ultra-safe investment returns. Higher bond yields give value investors a more sensible safe haven in times of turmoil.\nIn turn, the rising bond rates followed from the idea that the Federal Reserve looks ready to stop plowing billions of dollars into the bond market someday soon. The rising yields are still lower than the long-term annual inflation target of 2%, which limits the power of the bond market as a whole. Tuesday's anti-risk corrections will look tame by comparison if that yield-to-inflation relationship flips around, which might actually happen when the Fed's quantitative easing program finally runs its course.\nI'm not saying it's time to sell every high-risk stock and reinvest the cash in bonds and gold, but investors should be ready for a more dramatic drop in the relatively near future. If anything, I might increase my investments in MongoDB and Roku if their stock prices tumble for purely economy-based reasons.\nAfter all, these great companies are poised for long-term success in their chosen sectors regardless of bond yields and inflation rates. In the long run,stock prices are based on business results, not on the availability or lack of investment alternatives.","news_type":1,"symbols_score_info":{".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":5061,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["08100"],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":37,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/862282237"}