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2021-05-23

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2021-05-26

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2021-09-12

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Cathie Wood's Latest Picks: 2 Stocks She Just Bought<blockquote>Cathie Wood 的最新精选：她刚刚购买的 2 只股票</blockquote>

2021-05-22

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2021-05-14

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Toplines Before US Market Open on Friday<blockquote>周五美国市场开盘前的顶线</blockquote>

2021-03-26

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China’s $6 Billion Social E-Commerce App Hires CFO as It Eyes US IPO<blockquote>中国价值 60 亿美元的社交电子商务应用聘请首席财务官，着眼于美国 IPO</blockquote>

2021-08-14

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2021-08-05

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What's Next For The S&P 500: 10% Pullback or Rolling Correction?<blockquote>标普500的下一步是什么：10%回调还是滚动修正？</blockquote>

2021-07-17

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2021-07-12

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[Happy]&nbsp;","listText":"Like please? [Happy]&nbsp;","text":"Like please? [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/829988721","repostId":"2173151439","repostType":4,"isVote":1,"tweetType":1,"viewCount":3621,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":867671950,"gmtCreate":1633263908419,"gmtModify":1633263908846,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560893220281291","authorIdStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Like please? [Happy]&nbsp;","listText":"Like please? [Happy]&nbsp;","text":"Like please? [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/867671950","repostId":"2172647479","repostType":4,"isVote":1,"tweetType":1,"viewCount":3169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":862725219,"gmtCreate":1632917269192,"gmtModify":1632917273830,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560893220281291","authorIdStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Like please? [Happy]&nbsp;","listText":"Like please? [Happy]&nbsp;","text":"Like please? [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/862725219","repostId":"1198528044","repostType":4,"repost":{"id":"1198528044","kind":"news","pubTimestamp":1632882697,"share":"https://www.laohunote.com/m/news/1198528044?lang=zh_CN&edition=full","pubTime":"2021-09-29 10:31","market":"us","language":"en","title":"Technically Speaking: Is The Market \"Melting-Up?\"<blockquote>从技术上讲：市场正在“融化”吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1198528044","media":"seekingalpha","summary":"Summary\n\nGiven the Fed’s ongoing balance sheet operations, investors fully believe they have protect","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Given the Fed’s ongoing balance sheet operations, investors fully believe they have protection from a decline.</li>  <li>As is always the case, the investing public believes future earnings will justify higher prices during a melt-up. It just never works out that way.</li>  <li>While it is essential to take advantage of the melt-up while it lasts, just don’t become overly complacent “this time is different”.</li> </ul> Is the<i>“market melting-up?”</i>Such was the question I received from my colleague at<i>Cut The Crap Investing.</i>It is an excellent question given the relentless increase in what investors believe is a<i>“no risk”</i>market.</p><p><blockquote><ul><li>鉴于美联储正在进行的资产负债表操作，投资者完全相信他们可以免受下跌的影响。</li><li>一如既往，投资公众相信未来的收益将证明熔化期间价格上涨是合理的。只是从来没有那样的结果。</li><li>虽然在融化过程中利用融化的机会至关重要，但不要过于自满 “这次不同了”。</li></ul>是<i>“市场融化？”</i>这是我从同事那里得到的问题<i>减少垃圾投资。</i>这是一个很好的问题，因为投资者认为<i>“无风险”</i>市场。</blockquote></p><p> Of course, we need a definition of precisely what constitutes a melt-up.</p><p><blockquote>当然，我们需要一个定义，准确地定义什么是熔化。</blockquote></p><p>   <i>“A melt-up is a sustained and often unexpected improvement in the investment performance of an asset or asset class, driven partly</i>  <i><b>by a stampede of investors who don’t want to miss out on its rise,</b></i>  <i>rather than by fundamental improvements in the economy.“</i>–  <i>Investopedia</i>  Currently, there is sufficient evidence to support the idea of an exuberant market.<b><i>As noted previously:</i></b></p><p><blockquote><i>“融化是指资产或资产类别的投资业绩持续且往往出乎意料的改善，部分原因是</i><i><b>不想错过其上涨机会的投资者蜂拥而至、</b></i><i>而不是经济的根本性改善。”</i>–<i>投资百科</i>目前，有足够的证据支持市场繁荣的观点。<b><i>如前所述：</i></b></blockquote></p><p>   <i>“Near peaks of market cycles, investors become swept up by the underlying exuberance. That exuberance breeds the “rationalization” that “this time is different.” So how do you know the market is exuberant currently? Via Sentiment Trader:”</i>    <i>‘This type of market activity is an indication that markets have returned their ‘enthusiasm’ stage. Such is characterized by:’</i>  <ul>  <li><b><i>High optimism</i></b></li>  <li><b><i>Easy credit (too easy, with loose terms)</i></b></li>  <li><b><i>A rush of initial and secondary offerings</i></b></li>  <li><b><i>Risky stocks outperforming</i></b></li>  <li><b><i>Stretched valuations</i></b></li> </ul> <img src=\"https://static.tigerbbs.com/ff8de3a84084162ca86b415584bbf793\" tg-width=\"731\" tg-height=\"468\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote><i>“在市场周期的顶峰附近，投资者会被潜在的繁荣所吸引。这种繁荣滋生了 “合理化”，即 “这次不同 ”。那么，你如何知道目前的市场是否繁荣呢？通过情绪交易者：”</i><i>这种市场活动表明市场已经回到了'热情'阶段。其特点是：'</i><ul><li><b><i>高度乐观</i></b></li><li><b><i>轻松信贷（太容易，条款宽松）</i></b></li><li><b><i>首次和二次发行的热潮</i></b></li><li><b><i>高风险股票跑赢大盘</i></b></li><li><b><i>拉伸估值</i></b></li></ul></blockquote></p><p> However, while one would expect individuals to exhibit caution in such an environment, the opposite is true. Given the Fed’s ongoing balance sheet operations, investors fully believe they have protection from a decline.</p><p><blockquote>然而，虽然人们会期望个人在这样的环境中表现出谨慎，但事实恰恰相反。鉴于美联储正在进行的资产负债表操作，投资者完全相信他们可以免受下跌的影响。</blockquote></p><p> <b>A Visualization Of A Market Melting-Up</b></p><p><blockquote><b>市场融化的可视化</b></blockquote></p><p> It is often easier to visualize something rather than explain it.<b>Since 1900, only two previous market periods qualify as a melt-up: 1920-1929 and 1995-2000.</b>The chart below shows both periods in terms of price.</p><p><blockquote>想象一些事情往往比解释它更容易。<b>自 1900 年以来，只有两个之前的市场时期符合融化的条件：1920-1929 年和 1995-2000 年。</b>下图显示了这两个时期的价格。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a218c7efe2ebd874d05c9ff7dd564436\" tg-width=\"797\" tg-height=\"437\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/9f193c9c32d55747bf7ff511c2f9fd53\" tg-width=\"793\" tg-height=\"439\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> However, the melt-up is also visually represented by the incredibly sharp rise in valuations. Such is essential because earnings are not rising at a fast enough clip to support higher prices.<b>As is always the case, the investing public believes future earnings will justify higher prices during a melt-up. It just never works out that way.</b></p><p><blockquote>然而，估值的大幅上涨也直观地体现了这种融化。这一点至关重要，因为盈利增长速度不足以支撑价格上涨。<b>一如既往，投资公众相信未来的收益将证明熔化期间价格上涨是合理的。只是从来没有那样的结果。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/c69e418d5a19d6fd03b305ab111e3be3\" tg-width=\"794\" tg-height=\"440\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/af03d3bbd071b8edfdf3a19e2c7b0bcd\" tg-width=\"796\" tg-height=\"437\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> We can compare those two previous periods with the current advance from the March 2020 lows. Again, we see a very similar sharp advance in price combined with a surge in valuations. As expected, investors are currently hoping that future earnings will rise sharply enough to justify current prices. However, the justification for paying high prices is the Federal Reserve’s ongoing balance sheet expansion.</p><p><blockquote>我们可以将前两个时期与当前较 2020 年 3 月低点的进步进行比较。同样，我们看到价格也出现了非常相似的大幅上涨，同时估值也飙升。正如预期的那样，投资者目前希望未来的盈利能够大幅增长，以证明当前的价格是合理的。然而，付出高价的理由是美联储持续的资产负债表扩张。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f3562aea27b24ad4921d0f5cd497e072\" tg-width=\"804\" tg-height=\"444\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The following chart looks that the price advance and valuation measures a little differently. It shows the current deviation from the long-term exponential growth trend. Not surprisingly, during a market<i>“melt-up,”</i>there is a rapid deviation from the growth trend matching the acceleration in valuations.</p><p><blockquote>下图显示，价格上涨和估值的衡量标准略有不同。它显示了当前与长期指数增长趋势的偏差。毫不奇怪，在市场期间<i>“融化，”</i>与估值加速相匹配的增长趋势迅速偏离。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1419cf4b2afdcdc0f61e0cad862f498d\" tg-width=\"836\" tg-height=\"460\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The problem with market<i>“melt-ups”</i>is not the melt-up itself but what always follows.</p><p><blockquote>市场问题<i>“融化”</i>不是熔化本身，而是随之而来的东西。</blockquote></p><p> <b>Melting-Up Leads To Melting-Down</b></p><p><blockquote><b>熔化导致熔化</b></blockquote></p><p> A market melting-up is exciting while it lasts. During melt-ups, investors begin to rationalize why<i>“this time is different.”</i>They start taking on excess leverage to try and capitalize on the rapid advance in prices, and fundamentals take a back seat to price momentum.</p><p><blockquote>市场融化持续下去是令人兴奋的。在融化过程中，投资者开始合理化原因<i>“这次不一样。”</i>他们开始过度使用杠杆，试图利用价格的快速上涨，而基本面则让位于价格动能。</blockquote></p><p></p><p> Market melt-ups are all about<i>“psychology.”</i><b>Historically, whatever has been the catalyst to spark the disregard of risk is readily witnessed in the corresponding surge in price and valuations.</b>The chart below shows the long-term deviations in relative strength, deviations, and valuations. The previous<i>‘melt-up”</i>periods should be easy to spot when compared with the advance currently.</p><p><blockquote>市场融化是关于<i>心理学。</i><b>从历史上看，无论什么催化剂引发了人们对风险的漠视，价格和估值的相应飙升都很容易见证。</b>下图显示了相对强度、偏差和估值的长期偏差。以前的<i>“融化”</i>与目前的进步相比，时期应该很容易发现。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bc04cb25c0199dd17475a551a5dd7ec1\" tg-width=\"869\" tg-height=\"1024\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Given that current extensions match only a few rare periods in history, a couple of points should be readily apparent.</p><p><blockquote>鉴于当前的扩展只与历史上几个罕见的时期相匹配，有几点应该是显而易见的。</blockquote></p><p> <ol>  <li><b><i>Melt-ups can longer than logic would predict.</i></b></li>  <li><b><i>The prevailing psychology is always “this time is different.”</i></b></li>  <li><b><i>Valuations are dismissed in exchange for measures of momentum and forward expectations.</i></b></li>  <li><b><i>Investors take on excess leverage and risk in order to participate in a seemingly “can’t lose” market.</i></b></li>  <li><b><i>Lastly, and inevitably, “melt-ups” end and always in the worst possible outcomes.</i></b></li> </ol> It is essential to recognize the markets are in a<i>“melt-up,</i>” and the duration of that event is unknowable. Therefore, investors need a strategy to participate in the advance and mitigate the damage from the eventual<i>“melting-down.”</i></p><p><blockquote><ol><li><b><i>融化的时间可能比逻辑预测的要长。</i></b></li><li><b><i>流行的心理总是 “这次不一样”。</i></b></li><li><b><i>估值被放弃，以换取势头和前瞻性预期的衡量标准。</i></b></li><li><b><i>投资者为了参与一个看似 “输不起 ”的市场，承担了过多的杠杆和风险。</i></b></li><li><b><i>最后，也是不可避免的，“融化 ”以最坏的结果告终。</i></b></li></ol>必须认识到市场处于<i>“融化，</i>“事件的持续时间不得而知。因此，投资者需要一个策略来参与预先，并减轻最终的损失<i>“融化。”</i></blockquote></p><p> <b>Surviving The Melt-Up</b></p><p><blockquote><b>在融化中幸存下来</b></blockquote></p><p> <b>As noted, none of this means the next</b><b><i>“bear market”</i></b><b>is lurking.</b>Given that a market melting-up is a function of psychology, they can last longer and go further than logic would predict. What is required to “<i>end”</i>a melt-up is an unanticipated exogenous event that changes psychology from bullish to bearish. Such is when the stampede for the exits occurs, and prices decline very quickly.</p><p><blockquote><b>如前所述，这些都不意味着下一个</b><b><i>“熊市”</i></b><b>正在潜伏。</b>鉴于市场融化是心理的一个功能，它们可能会持续更长时间，比逻辑预测的更远。需要什么 “<i>结束”</i>融化是一种意想不到的外部事件，它会将心理从看涨转变为看跌。这就是退出潮发生的时候，价格会迅速下跌。</blockquote></p><p> As such, investors need a set of guidelines to participate in the market advance. But, of course, the hard part is keeping those gains when corrections inevitably occur.</p><p><blockquote>因此，投资者需要一套指导方针来参与市场发展。但是，当然，困难的部分是当调整不可避免地发生时保持这些收益。</blockquote></p><p> As portfolio managers for our clients, such is precisely the approach we must take. Accordingly, I have provided a general overview of the process that we employ.</p><p><blockquote>作为客户的投资组合经理，这正是我们必须采取的方法。因此，我概述了我们采用的流程。</blockquote></p><p> <ol>  <li><i><b>Tighten up stop-loss levels</b></i><i>to current support levels for each position.(Provides identifiable exit points when the market reverses.)</i></li>  <li><i><b>Hedge portfolios</b></i><i>against major market declines.(Non-correlated assets, short-market positions, index put options)</i></li>  <li><i><b>Take profits</b></i><i>in positions that have been big winners(Rebalancing overbought or extended positions to capture gains but continue to participate in the advance.)</i></li>  <li><i><b>Sell laggards</b></i><i>and losers</i>.<i>(If something isn’t working in a market melt-up, it most likely won’t work during a broad decline. Better to eliminate the risk early.)</i></li>  <li><i><b>Raise cash</b></i><i>and rebalance portfolios to target weightings.(Rebalancing risk on a regular basis keeps hidden risks somewhat mitigated.)</i></li> </ol> <b>Notice, nothing in there says,</b><b><i>“sell everything and go to cash.”</i></b></p><p><blockquote><ol><li><i><b>收紧止损水平</b></i><i>每个头寸的当前支撑位。（在市场反转时提供可识别的退出点。）</i></li><li><i><b>对冲投资组合</b></i><i>抵御市场大幅下跌。（不相关资产、空头市场头寸、指数看跌期权）</i></li><li><i><b>获利</b></i><i>在已经成为大赢家的头寸中（重新平衡超买或扩展头寸以获取收益，但继续参与上涨。）</i></li><li><i><b>卖出落后者</b></i><i>和失败者</i>.<i>(如果某种方法在市场融化时不起作用，那么在普遍下跌时很可能也不起作用。最好尽早消除风险）。</i></li><li><i><b>筹集现金</b></i><i>并根据目标权重重新平衡投资组合。（定期重新平衡风险可以在一定程度上减轻隐藏风险。）</i></li></ol><b>注意，里面没写，</b><b><i>“卖掉所有东西，变现。”</i></b></blockquote></p><p> There will be a time to raise significant levels of cash. A good portfolio management strategy will automatically ensure that<i>“stop-loss”</i>levels get triggered, exposure decreases, and cash levels rise when the selling begins.</p><p><blockquote>将会有一段时间大幅筹集现金。良好的投资组合管理策略将自动确保<i>“止损”</i>当销售开始时，水平被触发，风险敞口减少，现金水平上升。</blockquote></p><p> While it is essential to take advantage of the melt-up while it lasts, just don’t become overly complacent<i>“this time is different.”</i></p><p><blockquote>虽然在融化过程中利用融化的机会至关重要，但不要过于自满<i>“这次不一样。”</i></blockquote></p><p> It likely isn’t.</p><p><blockquote>很可能不是。</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>Technically Speaking: Is The Market \"Melting-Up?\"<blockquote>从技术上讲：市场正在“融化”吗？</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\">\nTechnically Speaking: Is The Market \"Melting-Up?\"<blockquote>从技术上讲：市场正在“融化”吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-09-29 10:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Given the Fed’s ongoing balance sheet operations, investors fully believe they have protection from a decline.</li>  <li>As is always the case, the investing public believes future earnings will justify higher prices during a melt-up. It just never works out that way.</li>  <li>While it is essential to take advantage of the melt-up while it lasts, just don’t become overly complacent “this time is different”.</li> </ul> Is the<i>“market melting-up?”</i>Such was the question I received from my colleague at<i>Cut The Crap Investing.</i>It is an excellent question given the relentless increase in what investors believe is a<i>“no risk”</i>market.</p><p><blockquote><ul><li>鉴于美联储正在进行的资产负债表操作，投资者完全相信他们可以免受下跌的影响。</li><li>一如既往，投资公众相信未来的收益将证明熔化期间价格上涨是合理的。只是从来没有那样的结果。</li><li>虽然在融化过程中利用融化的机会至关重要，但不要过于自满 “这次不同了”。</li></ul>是<i>“市场融化？”</i>这是我从同事那里得到的问题<i>减少垃圾投资。</i>这是一个很好的问题，因为投资者认为<i>“无风险”</i>市场。</blockquote></p><p> Of course, we need a definition of precisely what constitutes a melt-up.</p><p><blockquote>当然，我们需要一个定义，准确地定义什么是熔化。</blockquote></p><p>   <i>“A melt-up is a sustained and often unexpected improvement in the investment performance of an asset or asset class, driven partly</i>  <i><b>by a stampede of investors who don’t want to miss out on its rise,</b></i>  <i>rather than by fundamental improvements in the economy.“</i>–  <i>Investopedia</i>  Currently, there is sufficient evidence to support the idea of an exuberant market.<b><i>As noted previously:</i></b></p><p><blockquote><i>“融化是指资产或资产类别的投资业绩持续且往往出乎意料的改善，部分原因是</i><i><b>不想错过其上涨机会的投资者蜂拥而至、</b></i><i>而不是经济的根本性改善。”</i>–<i>投资百科</i>目前，有足够的证据支持市场繁荣的观点。<b><i>如前所述：</i></b></blockquote></p><p>   <i>“Near peaks of market cycles, investors become swept up by the underlying exuberance. That exuberance breeds the “rationalization” that “this time is different.” So how do you know the market is exuberant currently? Via Sentiment Trader:”</i>    <i>‘This type of market activity is an indication that markets have returned their ‘enthusiasm’ stage. Such is characterized by:’</i>  <ul>  <li><b><i>High optimism</i></b></li>  <li><b><i>Easy credit (too easy, with loose terms)</i></b></li>  <li><b><i>A rush of initial and secondary offerings</i></b></li>  <li><b><i>Risky stocks outperforming</i></b></li>  <li><b><i>Stretched valuations</i></b></li> </ul> <img src=\"https://static.tigerbbs.com/ff8de3a84084162ca86b415584bbf793\" tg-width=\"731\" tg-height=\"468\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote><i>“在市场周期的顶峰附近，投资者会被潜在的繁荣所吸引。这种繁荣滋生了 “合理化”，即 “这次不同 ”。那么，你如何知道目前的市场是否繁荣呢？通过情绪交易者：”</i><i>这种市场活动表明市场已经回到了'热情'阶段。其特点是：'</i><ul><li><b><i>高度乐观</i></b></li><li><b><i>轻松信贷（太容易，条款宽松）</i></b></li><li><b><i>首次和二次发行的热潮</i></b></li><li><b><i>高风险股票跑赢大盘</i></b></li><li><b><i>拉伸估值</i></b></li></ul></blockquote></p><p> However, while one would expect individuals to exhibit caution in such an environment, the opposite is true. Given the Fed’s ongoing balance sheet operations, investors fully believe they have protection from a decline.</p><p><blockquote>然而，虽然人们会期望个人在这样的环境中表现出谨慎，但事实恰恰相反。鉴于美联储正在进行的资产负债表操作，投资者完全相信他们可以免受下跌的影响。</blockquote></p><p> <b>A Visualization Of A Market Melting-Up</b></p><p><blockquote><b>市场融化的可视化</b></blockquote></p><p> It is often easier to visualize something rather than explain it.<b>Since 1900, only two previous market periods qualify as a melt-up: 1920-1929 and 1995-2000.</b>The chart below shows both periods in terms of price.</p><p><blockquote>想象一些事情往往比解释它更容易。<b>自 1900 年以来，只有两个之前的市场时期符合融化的条件：1920-1929 年和 1995-2000 年。</b>下图显示了这两个时期的价格。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a218c7efe2ebd874d05c9ff7dd564436\" tg-width=\"797\" tg-height=\"437\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/9f193c9c32d55747bf7ff511c2f9fd53\" tg-width=\"793\" tg-height=\"439\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> However, the melt-up is also visually represented by the incredibly sharp rise in valuations. Such is essential because earnings are not rising at a fast enough clip to support higher prices.<b>As is always the case, the investing public believes future earnings will justify higher prices during a melt-up. It just never works out that way.</b></p><p><blockquote>然而，估值的大幅上涨也直观地体现了这种融化。这一点至关重要，因为盈利增长速度不足以支撑价格上涨。<b>一如既往，投资公众相信未来的收益将证明熔化期间价格上涨是合理的。只是从来没有那样的结果。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/c69e418d5a19d6fd03b305ab111e3be3\" tg-width=\"794\" tg-height=\"440\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/af03d3bbd071b8edfdf3a19e2c7b0bcd\" tg-width=\"796\" tg-height=\"437\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> We can compare those two previous periods with the current advance from the March 2020 lows. Again, we see a very similar sharp advance in price combined with a surge in valuations. As expected, investors are currently hoping that future earnings will rise sharply enough to justify current prices. However, the justification for paying high prices is the Federal Reserve’s ongoing balance sheet expansion.</p><p><blockquote>我们可以将前两个时期与当前较 2020 年 3 月低点的进步进行比较。同样，我们看到价格也出现了非常相似的大幅上涨，同时估值也飙升。正如预期的那样，投资者目前希望未来的盈利能够大幅增长，以证明当前的价格是合理的。然而，付出高价的理由是美联储持续的资产负债表扩张。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f3562aea27b24ad4921d0f5cd497e072\" tg-width=\"804\" tg-height=\"444\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The following chart looks that the price advance and valuation measures a little differently. It shows the current deviation from the long-term exponential growth trend. Not surprisingly, during a market<i>“melt-up,”</i>there is a rapid deviation from the growth trend matching the acceleration in valuations.</p><p><blockquote>下图显示，价格上涨和估值的衡量标准略有不同。它显示了当前与长期指数增长趋势的偏差。毫不奇怪，在市场期间<i>“融化，”</i>与估值加速相匹配的增长趋势迅速偏离。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1419cf4b2afdcdc0f61e0cad862f498d\" tg-width=\"836\" tg-height=\"460\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The problem with market<i>“melt-ups”</i>is not the melt-up itself but what always follows.</p><p><blockquote>市场问题<i>“融化”</i>不是熔化本身，而是随之而来的东西。</blockquote></p><p> <b>Melting-Up Leads To Melting-Down</b></p><p><blockquote><b>熔化导致熔化</b></blockquote></p><p> A market melting-up is exciting while it lasts. During melt-ups, investors begin to rationalize why<i>“this time is different.”</i>They start taking on excess leverage to try and capitalize on the rapid advance in prices, and fundamentals take a back seat to price momentum.</p><p><blockquote>市场融化持续下去是令人兴奋的。在融化过程中，投资者开始合理化原因<i>“这次不一样。”</i>他们开始过度使用杠杆，试图利用价格的快速上涨，而基本面则让位于价格动能。</blockquote></p><p></p><p> Market melt-ups are all about<i>“psychology.”</i><b>Historically, whatever has been the catalyst to spark the disregard of risk is readily witnessed in the corresponding surge in price and valuations.</b>The chart below shows the long-term deviations in relative strength, deviations, and valuations. The previous<i>‘melt-up”</i>periods should be easy to spot when compared with the advance currently.</p><p><blockquote>市场融化是关于<i>心理学。</i><b>从历史上看，无论什么催化剂引发了人们对风险的漠视，价格和估值的相应飙升都很容易见证。</b>下图显示了相对强度、偏差和估值的长期偏差。以前的<i>“融化”</i>与目前的进步相比，时期应该很容易发现。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bc04cb25c0199dd17475a551a5dd7ec1\" tg-width=\"869\" tg-height=\"1024\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Given that current extensions match only a few rare periods in history, a couple of points should be readily apparent.</p><p><blockquote>鉴于当前的扩展只与历史上几个罕见的时期相匹配，有几点应该是显而易见的。</blockquote></p><p> <ol>  <li><b><i>Melt-ups can longer than logic would predict.</i></b></li>  <li><b><i>The prevailing psychology is always “this time is different.”</i></b></li>  <li><b><i>Valuations are dismissed in exchange for measures of momentum and forward expectations.</i></b></li>  <li><b><i>Investors take on excess leverage and risk in order to participate in a seemingly “can’t lose” market.</i></b></li>  <li><b><i>Lastly, and inevitably, “melt-ups” end and always in the worst possible outcomes.</i></b></li> </ol> It is essential to recognize the markets are in a<i>“melt-up,</i>” and the duration of that event is unknowable. Therefore, investors need a strategy to participate in the advance and mitigate the damage from the eventual<i>“melting-down.”</i></p><p><blockquote><ol><li><b><i>融化的时间可能比逻辑预测的要长。</i></b></li><li><b><i>流行的心理总是 “这次不一样”。</i></b></li><li><b><i>估值被放弃，以换取势头和前瞻性预期的衡量标准。</i></b></li><li><b><i>投资者为了参与一个看似 “输不起 ”的市场，承担了过多的杠杆和风险。</i></b></li><li><b><i>最后，也是不可避免的，“融化 ”以最坏的结果告终。</i></b></li></ol>必须认识到市场处于<i>“融化，</i>“事件的持续时间不得而知。因此，投资者需要一个策略来参与预先，并减轻最终的损失<i>“融化。”</i></blockquote></p><p> <b>Surviving The Melt-Up</b></p><p><blockquote><b>在融化中幸存下来</b></blockquote></p><p> <b>As noted, none of this means the next</b><b><i>“bear market”</i></b><b>is lurking.</b>Given that a market melting-up is a function of psychology, they can last longer and go further than logic would predict. What is required to “<i>end”</i>a melt-up is an unanticipated exogenous event that changes psychology from bullish to bearish. Such is when the stampede for the exits occurs, and prices decline very quickly.</p><p><blockquote><b>如前所述，这些都不意味着下一个</b><b><i>“熊市”</i></b><b>正在潜伏。</b>鉴于市场融化是心理的一个功能，它们可能会持续更长时间，比逻辑预测的更远。需要什么 “<i>结束”</i>融化是一种意想不到的外部事件，它会将心理从看涨转变为看跌。这就是退出潮发生的时候，价格会迅速下跌。</blockquote></p><p> As such, investors need a set of guidelines to participate in the market advance. But, of course, the hard part is keeping those gains when corrections inevitably occur.</p><p><blockquote>因此，投资者需要一套指导方针来参与市场发展。但是，当然，困难的部分是当调整不可避免地发生时保持这些收益。</blockquote></p><p> As portfolio managers for our clients, such is precisely the approach we must take. Accordingly, I have provided a general overview of the process that we employ.</p><p><blockquote>作为客户的投资组合经理，这正是我们必须采取的方法。因此，我概述了我们采用的流程。</blockquote></p><p> <ol>  <li><i><b>Tighten up stop-loss levels</b></i><i>to current support levels for each position.(Provides identifiable exit points when the market reverses.)</i></li>  <li><i><b>Hedge portfolios</b></i><i>against major market declines.(Non-correlated assets, short-market positions, index put options)</i></li>  <li><i><b>Take profits</b></i><i>in positions that have been big winners(Rebalancing overbought or extended positions to capture gains but continue to participate in the advance.)</i></li>  <li><i><b>Sell laggards</b></i><i>and losers</i>.<i>(If something isn’t working in a market melt-up, it most likely won’t work during a broad decline. Better to eliminate the risk early.)</i></li>  <li><i><b>Raise cash</b></i><i>and rebalance portfolios to target weightings.(Rebalancing risk on a regular basis keeps hidden risks somewhat mitigated.)</i></li> </ol> <b>Notice, nothing in there says,</b><b><i>“sell everything and go to cash.”</i></b></p><p><blockquote><ol><li><i><b>收紧止损水平</b></i><i>每个头寸的当前支撑位。（在市场反转时提供可识别的退出点。）</i></li><li><i><b>对冲投资组合</b></i><i>抵御市场大幅下跌。（不相关资产、空头市场头寸、指数看跌期权）</i></li><li><i><b>获利</b></i><i>在已经成为大赢家的头寸中（重新平衡超买或扩展头寸以获取收益，但继续参与上涨。）</i></li><li><i><b>卖出落后者</b></i><i>和失败者</i>.<i>(如果某种方法在市场融化时不起作用，那么在普遍下跌时很可能也不起作用。最好尽早消除风险）。</i></li><li><i><b>筹集现金</b></i><i>并根据目标权重重新平衡投资组合。（定期重新平衡风险可以在一定程度上减轻隐藏风险。）</i></li></ol><b>注意，里面没写，</b><b><i>“卖掉所有东西，变现。”</i></b></blockquote></p><p> There will be a time to raise significant levels of cash. A good portfolio management strategy will automatically ensure that<i>“stop-loss”</i>levels get triggered, exposure decreases, and cash levels rise when the selling begins.</p><p><blockquote>将会有一段时间大幅筹集现金。良好的投资组合管理策略将自动确保<i>“止损”</i>当销售开始时，水平被触发，风险敞口减少，现金水平上升。</blockquote></p><p> While it is essential to take advantage of the melt-up while it lasts, just don’t become overly complacent<i>“this time is different.”</i></p><p><blockquote>虽然在融化过程中利用融化的机会至关重要，但不要过于自满<i>“这次不一样。”</i></blockquote></p><p> It likely isn’t.</p><p><blockquote>很可能不是。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4457469-technically-speaking-is-the-market-melting-up\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"source_url":"https://seekingalpha.com/article/4457469-technically-speaking-is-the-market-melting-up","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198528044","content_text":"Summary\n\nGiven the Fed’s ongoing balance sheet operations, investors fully believe they have protection from a decline.\nAs is always the case, the investing public believes future earnings will justify higher prices during a melt-up. It just never works out that way.\nWhile it is essential to take advantage of the melt-up while it lasts, just don’t become overly complacent “this time is different”.\n\nIs the“market melting-up?”Such was the question I received from my colleague atCut The Crap Investing.It is an excellent question given the relentless increase in what investors believe is a“no risk”market.\nOf course, we need a definition of precisely what constitutes a melt-up.\n\n“A melt-up is a sustained and often unexpected improvement in the investment performance of an asset or asset class, driven partly\nby a stampede of investors who don’t want to miss out on its rise,\nrather than by fundamental improvements in the economy.“–\n Investopedia\n\nCurrently, there is sufficient evidence to support the idea of an exuberant market.As noted previously:\n\n“Near peaks of market cycles, investors become swept up by the underlying exuberance. That exuberance breeds the “rationalization” that “this time is different.” So how do you know the market is exuberant currently? Via Sentiment Trader:”\n\n\n‘This type of market activity is an indication that markets have returned their ‘enthusiasm’ stage. Such is characterized by:’\n\n\nHigh optimism\nEasy credit (too easy, with loose terms)\nA rush of initial and secondary offerings\nRisky stocks outperforming\nStretched valuations\n\n\nHowever, while one would expect individuals to exhibit caution in such an environment, the opposite is true. Given the Fed’s ongoing balance sheet operations, investors fully believe they have protection from a decline.\nA Visualization Of A Market Melting-Up\nIt is often easier to visualize something rather than explain it.Since 1900, only two previous market periods qualify as a melt-up: 1920-1929 and 1995-2000.The chart below shows both periods in terms of price.\n\nHowever, the melt-up is also visually represented by the incredibly sharp rise in valuations. Such is essential because earnings are not rising at a fast enough clip to support higher prices.As is always the case, the investing public believes future earnings will justify higher prices during a melt-up. It just never works out that way.\n\nWe can compare those two previous periods with the current advance from the March 2020 lows. Again, we see a very similar sharp advance in price combined with a surge in valuations. As expected, investors are currently hoping that future earnings will rise sharply enough to justify current prices. However, the justification for paying high prices is the Federal Reserve’s ongoing balance sheet expansion.\n\nThe following chart looks that the price advance and valuation measures a little differently. It shows the current deviation from the long-term exponential growth trend. Not surprisingly, during a market“melt-up,”there is a rapid deviation from the growth trend matching the acceleration in valuations.\n\nThe problem with market“melt-ups”is not the melt-up itself but what always follows.\nMelting-Up Leads To Melting-Down\nA market melting-up is exciting while it lasts. During melt-ups, investors begin to rationalize why“this time is different.”They start taking on excess leverage to try and capitalize on the rapid advance in prices, and fundamentals take a back seat to price momentum.\nMarket melt-ups are all about“psychology.”Historically, whatever has been the catalyst to spark the disregard of risk is readily witnessed in the corresponding surge in price and valuations.The chart below shows the long-term deviations in relative strength, deviations, and valuations. The previous‘melt-up”periods should be easy to spot when compared with the advance currently.\n\nGiven that current extensions match only a few rare periods in history, a couple of points should be readily apparent.\n\nMelt-ups can longer than logic would predict.\nThe prevailing psychology is always “this time is different.”\nValuations are dismissed in exchange for measures of momentum and forward expectations.\nInvestors take on excess leverage and risk in order to participate in a seemingly “can’t lose” market.\nLastly, and inevitably, “melt-ups” end and always in the worst possible outcomes.\n\nIt is essential to recognize the markets are in a“melt-up,” and the duration of that event is unknowable. Therefore, investors need a strategy to participate in the advance and mitigate the damage from the eventual“melting-down.”\nSurviving The Melt-Up\nAs noted, none of this means the next“bear market”is lurking.Given that a market melting-up is a function of psychology, they can last longer and go further than logic would predict. What is required to “end”a melt-up is an unanticipated exogenous event that changes psychology from bullish to bearish. Such is when the stampede for the exits occurs, and prices decline very quickly.\nAs such, investors need a set of guidelines to participate in the market advance. But, of course, the hard part is keeping those gains when corrections inevitably occur.\nAs portfolio managers for our clients, such is precisely the approach we must take. Accordingly, I have provided a general overview of the process that we employ.\n\nTighten up stop-loss levelsto current support levels for each position.(Provides identifiable exit points when the market reverses.)\nHedge portfoliosagainst major market declines.(Non-correlated assets, short-market positions, index put options)\nTake profitsin positions that have been big winners(Rebalancing overbought or extended positions to capture gains but continue to participate in the advance.)\nSell laggardsand losers.(If something isn’t working in a market melt-up, it most likely won’t work during a broad decline. Better to eliminate the risk early.)\nRaise cashand rebalance portfolios to target weightings.(Rebalancing risk on a regular basis keeps hidden risks somewhat mitigated.)\n\nNotice, nothing in there says,“sell everything and go to cash.”\nThere will be a time to raise significant levels of cash. A good portfolio management strategy will automatically ensure that“stop-loss”levels get triggered, exposure decreases, and cash levels rise when the selling begins.\nWhile it is essential to take advantage of the melt-up while it lasts, just don’t become overly complacent“this time is different.”\nIt likely isn’t.","news_type":1,"symbols_score_info":{"SPY":0.9,".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":2941,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":868054714,"gmtCreate":1632559282938,"gmtModify":1632657483497,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560893220281291","authorIdStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Like? [Happy]&nbsp;","listText":"Like? [Happy]&nbsp;","text":"Like? [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/868054714","repostId":"2170619785","repostType":4,"isVote":1,"tweetType":1,"viewCount":3695,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":863324580,"gmtCreate":1632360068140,"gmtModify":1632645915354,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560893220281291","authorIdStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Hurray! Like please?&nbsp;[Happy]&nbsp;","listText":"Hurray! Like please?&nbsp;[Happy]&nbsp;","text":"Hurray! Like please? [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/863324580","repostId":"2169650271","repostType":4,"isVote":1,"tweetType":1,"viewCount":2585,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":887535605,"gmtCreate":1632061792907,"gmtModify":1632803075187,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560893220281291","authorIdStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Like please? [Happy]&nbsp;","listText":"Like please? [Happy]&nbsp;","text":"Like please? [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/887535605","repostId":"1198486138","repostType":4,"isVote":1,"tweetType":1,"viewCount":3683,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":884310476,"gmtCreate":1631855392795,"gmtModify":1631890358594,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560893220281291","authorIdStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Like please? [Happy]&nbsp;","listText":"Like please? [Happy]&nbsp;","text":"Like please? [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/884310476","repostId":"1105376345","repostType":4,"repost":{"id":"1105376345","kind":"news","pubTimestamp":1631833833,"share":"https://www.laohunote.com/m/news/1105376345?lang=zh_CN&edition=full","pubTime":"2021-09-17 07:10","market":"us","language":"en","title":"S&P ends modestly lower as rising Treasury yields offset robust retail data<blockquote>由于国债收益率上升抵消了强劲的零售数据，标准普尔收盘小幅走低</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105376345","media":"Reuters","summary":"NEW YORK (Reuters) - The S&P 500 ended slightly down on Thursday, paring losses in late trading afte","content":"<p>NEW YORK (Reuters) - The S&amp;P 500 ended slightly down on Thursday, paring losses in late trading after unexpectedly strong retail sales data underscored the strength of the U.S. economic recovery.</p><p><blockquote>路透纽约5月28日 - 标普500周四小幅收低，在意外强劲的零售销售数据凸显美国经济复苏的强劲势头后，尾盘收窄跌幅。</blockquote></p><p> The three major indexes spent much of the day in negative territory as rising U.S. Treasury yields pressured market-leading tech stocks, and the rising dollar weighed on exporters.</p><p><blockquote>由于美国国债收益率上升给市场领先的科技股带来压力，以及美元升值给出口商带来压力，三大股指当天大部分时间都处于负值区域。</blockquote></p><p> Amazon.com Inc, buoyed by solid online sales in the Commerce Department’s report, helped push the Nasdaq into positive territory.</p><p><blockquote>亚马逊公司在商务部报告中稳健的在线销售提振下，帮助纳斯达克进入正值。</blockquote></p><p> “Looking at today, clearly we had positive news from retail sales and it looks as if the massive slowdown in the economy is not materializing as a lot of people expected,” said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.</p><p><blockquote>“北卡罗来纳州夏洛特市 LPL Financial 高级市场策略师 Ryan Detrick 说：”从今天的情况来看，我们显然收到了零售销售方面的积极消息，而且经济的大幅放缓似乎并没有像许多人预期的那样实现。</blockquote></p><p> “It’s a nice reminder that the economy is still taking two steps forward for each step back even amid the COVID concerns,” Detrick added.</p><p><blockquote>“德特里克补充说：”这很好地提醒我们，即使在 COVID 担忧的情况下，经济仍在每后退一步前进两步。</blockquote></p><p> Economically sensitive transports and microchips were among the outperformers.</p><p><blockquote>对经济敏感的运输和微芯片表现优异。</blockquote></p><p> Data released before the opening bell showed an unexpected bump in retail sales as shoppers weathered Hurricane Ida and the COVID Delta variant, evidence of resilience in the consumer, who contributes about 70% to U.S. economic growth.</p><p><blockquote>开盘前公布的数据显示，随着购物者经受住了飓风艾达和新冠病毒德尔塔变异毒株的考验，零售额意外增长，这证明了消费者的韧性，消费者对美国经济增长的贡献约为70%。</blockquote></p><p> “Once again, it shows the U.S. consumer continues to spend and continues to help this economy grow,” Detrick said.</p><p><blockquote>“德特里克说：”这再次表明美国消费者继续消费，并继续帮助经济增长。</blockquote></p><p> The Dow Jones Industrial Average fell 63.07 points, or 0.18%, to 34,751.32; the S&amp;P 500 lost 6.95 points, or 0.16%, at 4,473.75; and the Nasdaq Composite added 20.40 points, or 0.13%, at 15,181.92.</p><p><blockquote>道琼斯工业平均指数下跌63.07点，跌幅0.18%，至34,751.32点；标普500下跌 6.95 点，跌幅 0.16%，报 4,473.75 点；纳斯达克综合指数上涨 20.40 点，即 0.13%，至 15,181.92 点。</blockquote></p><p> Eight of the 11 major sectors in the S&amp;P 500 ended lower, with materials suffering the largest percentage drop.</p><p><blockquote>标普500 11个主要板块中有8个板块收盘走低，其中材料板块跌幅最大。</blockquote></p><p> The consumer discretionary spending sector posted the biggest gain, with Amazon.com doing the heavy lifting.</p><p><blockquote>非必需消费品支出行业涨幅最大，其中亚马逊承担了重任。</blockquote></p><p> Apparel company Gap Inc gained 1.6%. Online marketplace Etsy Inc and luxury accessory company Tapestry Inc rose 3.1% and 1.9%, respectively.</p><p><blockquote>服装公司 Gap Inc 上涨 1.6%。在线市场 Etsy Inc 和奢侈配饰公司 Tapestry Inc 分别上涨 3.1% 和 1.9%。</blockquote></p><p> Ford Motor Co rose 1.4% after it announced plans to boost production of its F-150 electric pickup model.</p><p><blockquote>福特汽车公司宣布计划提高 F-150 电动皮卡车型的产量，股价上涨 1.4%。</blockquote></p><p> Declining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所下跌发行量与上涨发行量的比例为 1.27 比 1；在纳斯达克，1.06比1的比率有利于进步人士。</blockquote></p><p> The S&amp;P 500 posted nine new 52-week highs and one new low; the Nasdaq Composite recorded 82 new highs and 94 new lows.</p><p><blockquote>标普500创下9个52周新高和一个新低；纳斯达克综合指数创下82个新高和94个新低。</blockquote></p><p> Volume on U.S. exchanges was 9.37 billion shares, compared with the 9.44 billion average over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为 93.7 亿股，而过去 20 个交易日的平均成交量为 94.4 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 ends modestly lower as rising Treasury yields offset robust retail data<blockquote>由于国债收益率上升抵消了强劲的零售数据，标准普尔收盘小幅走低</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 ends modestly lower as rising Treasury yields offset robust retail data<blockquote>由于国债收益率上升抵消了强劲的零售数据，标准普尔收盘小幅走低</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-09-17 07:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p>NEW YORK (Reuters) - The S&amp;P 500 ended slightly down on Thursday, paring losses in late trading after unexpectedly strong retail sales data underscored the strength of the U.S. economic recovery.</p><p><blockquote>路透纽约5月28日 - 标普500周四小幅收低，在意外强劲的零售销售数据凸显美国经济复苏的强劲势头后，尾盘收窄跌幅。</blockquote></p><p> The three major indexes spent much of the day in negative territory as rising U.S. Treasury yields pressured market-leading tech stocks, and the rising dollar weighed on exporters.</p><p><blockquote>由于美国国债收益率上升给市场领先的科技股带来压力，以及美元升值给出口商带来压力，三大股指当天大部分时间都处于负值区域。</blockquote></p><p> Amazon.com Inc, buoyed by solid online sales in the Commerce Department’s report, helped push the Nasdaq into positive territory.</p><p><blockquote>亚马逊公司在商务部报告中稳健的在线销售提振下，帮助纳斯达克进入正值。</blockquote></p><p> “Looking at today, clearly we had positive news from retail sales and it looks as if the massive slowdown in the economy is not materializing as a lot of people expected,” said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.</p><p><blockquote>“北卡罗来纳州夏洛特市 LPL Financial 高级市场策略师 Ryan Detrick 说：”从今天的情况来看，我们显然收到了零售销售方面的积极消息，而且经济的大幅放缓似乎并没有像许多人预期的那样实现。</blockquote></p><p> “It’s a nice reminder that the economy is still taking two steps forward for each step back even amid the COVID concerns,” Detrick added.</p><p><blockquote>“德特里克补充说：”这很好地提醒我们，即使在 COVID 担忧的情况下，经济仍在每后退一步前进两步。</blockquote></p><p> Economically sensitive transports and microchips were among the outperformers.</p><p><blockquote>对经济敏感的运输和微芯片表现优异。</blockquote></p><p> Data released before the opening bell showed an unexpected bump in retail sales as shoppers weathered Hurricane Ida and the COVID Delta variant, evidence of resilience in the consumer, who contributes about 70% to U.S. economic growth.</p><p><blockquote>开盘前公布的数据显示，随着购物者经受住了飓风艾达和新冠病毒德尔塔变异毒株的考验，零售额意外增长，这证明了消费者的韧性，消费者对美国经济增长的贡献约为70%。</blockquote></p><p> “Once again, it shows the U.S. consumer continues to spend and continues to help this economy grow,” Detrick said.</p><p><blockquote>“德特里克说：”这再次表明美国消费者继续消费，并继续帮助经济增长。</blockquote></p><p> The Dow Jones Industrial Average fell 63.07 points, or 0.18%, to 34,751.32; the S&amp;P 500 lost 6.95 points, or 0.16%, at 4,473.75; and the Nasdaq Composite added 20.40 points, or 0.13%, at 15,181.92.</p><p><blockquote>道琼斯工业平均指数下跌63.07点，跌幅0.18%，至34,751.32点；标普500下跌 6.95 点，跌幅 0.16%，报 4,473.75 点；纳斯达克综合指数上涨 20.40 点，即 0.13%，至 15,181.92 点。</blockquote></p><p> Eight of the 11 major sectors in the S&amp;P 500 ended lower, with materials suffering the largest percentage drop.</p><p><blockquote>标普500 11个主要板块中有8个板块收盘走低，其中材料板块跌幅最大。</blockquote></p><p> The consumer discretionary spending sector posted the biggest gain, with Amazon.com doing the heavy lifting.</p><p><blockquote>非必需消费品支出行业涨幅最大，其中亚马逊承担了重任。</blockquote></p><p> Apparel company Gap Inc gained 1.6%. Online marketplace Etsy Inc and luxury accessory company Tapestry Inc rose 3.1% and 1.9%, respectively.</p><p><blockquote>服装公司 Gap Inc 上涨 1.6%。在线市场 Etsy Inc 和奢侈配饰公司 Tapestry Inc 分别上涨 3.1% 和 1.9%。</blockquote></p><p> Ford Motor Co rose 1.4% after it announced plans to boost production of its F-150 electric pickup model.</p><p><blockquote>福特汽车公司宣布计划提高 F-150 电动皮卡车型的产量，股价上涨 1.4%。</blockquote></p><p> Declining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所下跌发行量与上涨发行量的比例为 1.27 比 1；在纳斯达克，1.06比1的比率有利于进步人士。</blockquote></p><p> The S&amp;P 500 posted nine new 52-week highs and one new low; the Nasdaq Composite recorded 82 new highs and 94 new lows.</p><p><blockquote>标普500创下9个52周新高和一个新低；纳斯达克综合指数创下82个新高和94个新低。</blockquote></p><p> Volume on U.S. exchanges was 9.37 billion shares, compared with the 9.44 billion average over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为 93.7 亿股，而过去 20 个交易日的平均成交量为 94.4 亿股。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-sp-ends-modestly-lower-as-rising-treasury-yields-offset-robust-retail-data-idUSL1N2QI2MB\">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":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-sp-ends-modestly-lower-as-rising-treasury-yields-offset-robust-retail-data-idUSL1N2QI2MB","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105376345","content_text":"NEW YORK (Reuters) - The S&P 500 ended slightly down on Thursday, paring losses in late trading after unexpectedly strong retail sales data underscored the strength of the U.S. economic recovery.\nThe three major indexes spent much of the day in negative territory as rising U.S. Treasury yields pressured market-leading tech stocks, and the rising dollar weighed on exporters.\nAmazon.com Inc, buoyed by solid online sales in the Commerce Department’s report, helped push the Nasdaq into positive territory.\n“Looking at today, clearly we had positive news from retail sales and it looks as if the massive slowdown in the economy is not materializing as a lot of people expected,” said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.\n“It’s a nice reminder that the economy is still taking two steps forward for each step back even amid the COVID concerns,” Detrick added.\nEconomically sensitive transports and microchips were among the outperformers.\nData released before the opening bell showed an unexpected bump in retail sales as shoppers weathered Hurricane Ida and the COVID Delta variant, evidence of resilience in the consumer, who contributes about 70% to U.S. economic growth.\n“Once again, it shows the U.S. consumer continues to spend and continues to help this economy grow,” Detrick said.\nThe Dow Jones Industrial Average fell 63.07 points, or 0.18%, to 34,751.32; the S&P 500 lost 6.95 points, or 0.16%, at 4,473.75; and the Nasdaq Composite added 20.40 points, or 0.13%, at 15,181.92.\nEight of the 11 major sectors in the S&P 500 ended lower, with materials suffering the largest percentage drop.\nThe consumer discretionary spending sector posted the biggest gain, with Amazon.com doing the heavy lifting.\nApparel company Gap Inc gained 1.6%. Online marketplace Etsy Inc and luxury accessory company Tapestry Inc rose 3.1% and 1.9%, respectively.\nFord Motor Co rose 1.4% after it announced plans to boost production of its F-150 electric pickup model.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored advancers.\nThe S&P 500 posted nine new 52-week highs and one new low; the Nasdaq Composite recorded 82 new highs and 94 new lows.\nVolume on U.S. exchanges was 9.37 billion shares, compared with the 9.44 billion average over the last 20 trading days.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2900,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885938774,"gmtCreate":1631750486998,"gmtModify":1631890358603,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560893220281291","authorIdStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Like please? [Happy]&nbsp;","listText":"Like please? [Happy]&nbsp;","text":"Like please? [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/885938774","repostId":"2167592712","repostType":4,"isVote":1,"tweetType":1,"viewCount":2589,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":886458784,"gmtCreate":1631619718048,"gmtModify":1631890358617,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560893220281291","authorIdStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Like please? [Smile]&nbsp;","listText":"Like please? [Smile]&nbsp;","text":"Like please? [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/886458784","repostId":"1160275332","repostType":4,"repost":{"id":"1160275332","kind":"news","pubTimestamp":1631604098,"share":"https://www.laohunote.com/m/news/1160275332?lang=zh_CN&edition=full","pubTime":"2021-09-14 15:21","market":"us","language":"en","title":"Busy IPO market this week poised to make 2021 the biggest year ever by proceeds<blockquote>本周繁忙的 IPO 市场有望使 2021 年成为有史以来收益最大的一年</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1160275332","media":"MarketWatch","summary":"Swiss running-shoe company backed by Roger Federer and drive-through coffee chain expected to hit th","content":"<p>Swiss running-shoe company backed by Roger Federer and drive-through coffee chain expected to hit the market this week </p><p><blockquote>由罗杰·费德勒和得来速咖啡连锁店支持的瑞士跑鞋公司预计将于本周上市</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18111af5f5bda21b3128860fe616c5ca\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Swiss tennis giant Roger Federer is a backer of one of this week's bigger IPOs.</span></p><p><blockquote><p class=\"t-img-caption\"><span>瑞士网球巨人罗杰·费德勒是本周最大的IPO之一的支持者。</span></p></blockquote></p><p> After a flurry of initial-public-offering launches last week&nbsp;set the market up for a busy fall for deals, 11 are expected to price this week and raise more than $3 billion in proceeds. </p><p><blockquote>在上周一系列首次公开募股启动让市场陷入繁忙的交易量下跌之后，预计本周将有 11 家公司定价并筹集超过 30 亿美元的收益。</blockquote></p><p> If all deals materialize, it will make 2021 the biggest year for IPO proceeds ever, and shatter the previous record by about 30%, according to Bill Smith, founder and chief executive of Renaissance Capital, a provider of institutional research and exchange-traded funds oriented around IPOs. The market is expected to see some 375 deals for the year, raising $125 billion, according to Renaissance, beating the $97 billion raised in 2000 during the dot-com boom. </p><p><blockquote>机构研究和交易所交易基金提供商 Renaissance Capital 的创始人兼首席执行官比尔·史密斯 (Bill Smith) 表示，如果所有交易都能实现，2021 年将成为有史以来 IPO 收益最大的一年，并打破之前的记录约 30%。据 Renaissance 称，今年市场预计将达成约 375 笔交易，筹集 1250 亿美元，超过 2000 年互联网繁荣时期筹集的 970 亿美元。</blockquote></p><p> “After the long summer break, this week is a litmus test for upcoming tech, biotech, and consumer IPOs,” Smith wrote in a market commentary. The list includes a Swiss running-shoe company backed by tennis giant Roger Federer, a drive-through coffee kiosk operator and a mortgage insurer that was spun out of insurer Genworth Financial. </p><p><blockquote>“史密斯在一篇市场评论中写道：”在漫长的暑假之后，本周是即将到来的科技、生物技术和消费品 IPO 的试金石。这份名单包括一家由网球巨头罗杰·费德勒支持的瑞士跑鞋公司、一家免下车咖啡亭运营商以及一家从保险公司 Genworth Financial 分拆出来的抵押贷款保险公司。</blockquote></p><p> The biggest deal of the week is expected to come from Thoughtworks,a Chicago-based technology consultancy that will go public at a valuation of up to $6.1 billion.</p><p><blockquote>本周最大的交易预计将来自总部位于芝加哥的技术咨询公司 Thoughtworks，该公司将以高达 61 亿美元的估值上市。</blockquote></p><p> The company, which expects to change its name from Turing Holding Corp. to Thoughtworks with completion of the IPO, said a total of 36.84 million shares will be offered, split between the company and selling shareholders.</p><p><blockquote>该公司预计在 IPO 完成后将名称从 Turing Holding Corp. 更名为 Thoughtworks，并表示将发行总计 3684 万股股票，分配给公司和出售股东。</blockquote></p><p> The deal is expected to price at between $18 and $20 a share, and the stock will trade on the Nasdaq under the ticker symbol “TWKS.” Goldman Sachs and JPMorgan are the lead underwriters. The company recorded net income of $79.3 million on revenue of $803.4 million in 2020, after income of $28.4 million on revenue of $772.2 million in 2019.</p><p><blockquote>预计交易价格将在每股 18 美元至 20 美元之间，股票将在纳斯达克交易，股票代码为 “TWKS”。高盛和摩根大通是主承销商。该公司 2020 年收入为 8.034 亿美元，净利润为 7930 万美元，而 2019 年收入为 7.722 亿美元，净利润为 2840 万美元。</blockquote></p><p> The Swiss athletic-footwear maker On Holding&nbsp;is expected to raise up to $622 million at a valuation of almost $6 billion. On has applied to list 31.1 million shares priced at $18 to $20 each on the New York Stock Exchange, under the ticker symbol “ONON.”</p><p><blockquote>这家持股的瑞士运动鞋制造商预计将以近 60 亿美元的估值筹集高达 6.22 亿美元的资金。On 已申请在纽约证券交易所上市 3110 万股股票，每股定价为 18 至 20 美元，股票代码为 “ONON”。</blockquote></p><p> Goldman Sachs, Morgan Stanley and Morgan Stanley are lead underwriters in a syndicate of nine banks on the On deal. Proceeds are to be used for general corporate purposes. The company has a line that it co-developed with Federer.</p><p><blockquote>高盛、摩根士丹利和摩根士丹利是这笔交易的九家银行组成的银团的主承销商。所得款项将用于一般公司用途。该公司有一条与费德勒共同开发的产品线。</blockquote></p><p> The company had net income of 3.8 million Swiss francs ($4.1 million) in the six months through June 30, after a loss of 33.1 million francs in the year-earlier period,&nbsp;according to its IPO documents.&nbsp;Sales came to 315.5 million francs, up from 170.9 million francs.</p><p><blockquote>根据其首次公开募股文件，该公司在截至 6 月 30 日的六个月中净利润为 380 万瑞士法郎（约合 410 万美元），而去年同期亏损 3310 万法郎。销售额从 1.709 亿法郎增至 3.155 亿法郎。</blockquote></p><p> Also from Switzerland, sports betting site Sportrader Group AG&nbsp;plans to offer 19 million shares priced at $25 to $28 each, for a valuation of up to $31 billion. The company has applied to list on Nasdaq under the ticker symbol “SRAD.” JPMorgan, Morgan Stanley, Citigroup and UBS are lead underwriters in a syndicate of 13 banks working on the deal.</p><p><blockquote>同样来自瑞士的体育博彩网站Sportrader Group AG计划发行1900万股股票，每股定价25至28美元，估值高达310亿美元。该公司已申请在纳斯达克上市，股票代码为 “SRAD”。摩根大通、摩根士丹利、花旗集团和瑞银是参与该交易的 13 家银行财团的主承销商。</blockquote></p><p> Proceeds are to be used for working capital and to spur growth. The company had a net profit of $29.9 million in the first six months of the year, on revenue of $321 million,&nbsp;according to its filing documents.</p><p><blockquote>所得款项将用作营运资金和刺激增长。根据其备案文件，该公司今年前六个月净利润为 2990 万美元，收入为 3.21 亿美元。</blockquote></p><p> Dutch Bros Inc.,an operator of drive-through shops that serve hot and cold drinks mostly in western U.S. states, is planning to offer 21.1 million shares priced at $18 to $20 each in its IPO, valuing the company at up to $3.3 billion.</p><p><blockquote>Dutch Bros Inc. 是一家主要在美国西部各州提供冷热饮料的免下车商店运营商，计划在 IPO 中发行 2110 万股股票，每股定价为 18 至 20 美元，公司估值高达 33 亿美元。</blockquote></p><p> BofA Securities, JPMorgan and Jefferies are lead underwriters in a syndicate of 13 banks working on the deal. The company has applied to list on the New York Stock Exchange under the ticker symbol “BROS.”</p><p><blockquote>美国银行证券、摩根大通和杰富瑞是参与该交易的 13 家银行财团的主承销商。该公司已申请在纽约证券交易所上市，股票代码为 “BROS.</blockquote></p><p> Proceeds are to be used to purchase additional Class A shares — the company is planning to have four classes of stock with differing voting rights. The company had a net loss of $13.6 million, or 32 cents a share, in the first six months of the year, narrower than the loss of $16.5 million, or 38 cents a share, posted in the year-earlier period. Revenue fell to $227.9 million from $327.4 million.</p><p><blockquote>所得款项将用于购买额外的 A 类股票——该公司计划持有四类具有不同投票权的股票。该公司今年前六个月净亏损 1,360 万美元，即每股亏损 32 美分，低于去年同期公布的 1,650 万美元，即每股亏损 38 美分。收入从 3.274 亿美元降至 2.279 亿美元。</blockquote></p><p> <b>Rounding out the list are:</b></p><p><blockquote><b>最后一个列表是：</b></blockquote></p><p> •&nbsp;Definitive Healthcare Corp.,&nbsp;a Massachusetts-based provider of healthcare commercial intelligence, is planning to offer 15.56 million shares in its PO, which is expected to price between $21 and $24 a share. At that pricing, the company could be valued at up to $3.55 billion.</p><p><blockquote>- 总部位于马萨诸塞州的医疗保健商业智能提供商 Definitive Healthcare Corp. 计划在其 PO 中发行 1556 万股股票，预计每股价格在 21 至 24 美元之间。按照这个定价，该公司的估值可能高达 35.5 亿美元。</blockquote></p><p></p><p> •&nbsp;Enact Holdings Inc., a mortgage insurer owned by Genworth, is planning to offer 13.3 million shares priced at $19 to $20 each. The company would be valued at $3.3 billion at the top of that range. The company said all shares will be sold by Genworth and it will not receive any proceeds. It has applied to list on Nasdaq under the ticker “ACT.” Goldman Sachs and JPMorgan are lead underwriters in a team of nine banks working on the deal.</p><p><blockquote>- Genworth 旗下的抵押贷款保险公司 Enact Holdings Inc. 计划发行 1330 万股股票，每股定价为 19 至 20 美元。该公司的估值最高时为 33 亿美元。该公司表示，所有股份将由Genworth出售，不会获得任何收益。该公司已申请在纳斯达克上市，股票代码为 “ACT”。高盛和摩根大通是参与该交易的九家银行团队的主承销商。</blockquote></p><p> •&nbsp;ForgeRock<a href=\"https://www.marketwatch.com/investing/stock/FORG?mod=MW_story_quote&amp;mod=article_inline\" target=\"_blank\">,</a>&nbsp;a California-based identity security platform, is looking to raise up to $264 million with an offering of 11 million shares priced between $21 and $24 a share. That pricing would value the company a valuation of up to $1.91 billion.</p><p><blockquote>• 假摇滚<a href=\"https://www.marketwatch.com/investing/stock/FORG?mod=MW_story_quote&amp;mod=article_inline\" target=\"_blank\">,</a>总部位于加利福尼亚州的身份安全平台希望通过发行 1100 万股股票来筹集高达 2.64 亿美元的资金，每股价格在 21 美元至 24 美元之间。该定价将使该公司估值高达 19.1 亿美元。</blockquote></p><p> The stock is expected to list on the NYSE under the ticker symbol “FORG.” Morgan Stanley and JPMorgan are the lead underwriters. The company recorded a net loss of $41.8 million on revenue of $127.6 million in 2020, after a loss of $36.9 million on revenue of $104.5 million in 2019.</p><p><blockquote>该股预计将在纽约证券交易所上市，股票代码为 “FORG ”。摩根士丹利和摩根大通是主承销商。该公司 2020 年收入为 1.276 亿美元，净亏损 4180 万美元，而 2019 年收入为 1.045 亿美元，亏损 3690 万美元。</blockquote></p><p> <b>•</b>Dice Therapeutics&nbsp;is expected to raise up to $170 million at a valuation of up to $583 million and list on Nasdaq under the ticker symbol “DICE.” The biotech is developing therapies to treat chronic diseases in the field of immunology.</p><p><blockquote><b>•</b>Dice Therapeutics 预计将以高达 5.83 亿美元的估值筹集高达 1.7 亿美元的资金，并在纳斯达克上市，股票代码为 “DICE ”。生物技术正在开发治疗免疫学领域慢性疾病的疗法。</blockquote></p><p> <b>•</b>Surgical robotics developer Procept BioRobotics,is aiming to raise up to $132 million at a valuation of about $1 billion with plans to list on Nasdaq under the ticker symbol “PRCT.” BofA Securities and Goldman Sachs are lead underwriters.</p><p><blockquote><b>•</b>手术机器人开发商 Procept BioRobotics 的目标是以约 10 亿美元的估值筹集至多 1.32 亿美元，计划在纳斯达克上市，股票代码为 “PRCT”。美国银行证券和高盛是主承销商。</blockquote></p><p> “We develop, manufacture and sell the AquaBeam Robotic System, an advanced, image-guided, surgical robotic system for use in minimally invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia, or BPH,” the company says in its IPO documents.</p><p><blockquote>“该公司在 IPO 文件中表示：”我们开发、制造和销售 AquaBeam 机器人系统，这是一种先进的图像引导手术机器人系统，用于微创泌尿外科手术，最初的重点是治疗良性前列腺增生（BPH）。</blockquote></p><p> <b>•</b>Tyra Biosciences is aiming to raise $107.2 million in IPO proceeds at a valuation of $589 million. The biotech’s leading product candidate is a treatment for bladder cancer. It has applied to list on Nasdaq under the symbol “TYRA.”</p><p><blockquote><b>•</b>Tyra Biosciences 的目标是以 5.89 亿美元的估值筹集 1.072 亿美元的 IPO 收益。该生物技术公司的主要候选产品是治疗膀胱癌的药物。它已申请在纳斯达克上市，代码为 “泰拉 ”。</blockquote></p><p> <b>•</b>EzFill Holdings, an app-based mobile fueling company in South Florida, is planning to raise $25 million at a valuation of $100 million. The company has applied to list on Nasdaq under the ticker symbol “EZFL.” ThinkEquity is sole underwriter.</p><p><blockquote><b>•</b>EzFill Holdings 是一家位于南佛罗里达州的基于应用程序的移动加油公司，计划以 1 亿美元的估值筹集 2500 万美元。该公司已申请在纳斯达克上市，股票代码为 “EZFL”。ThinkEquity 是独家承销商。</blockquote></p><p> The Renaissance IPO ETF&nbsp;has gained 6% to date in 2021, while the S&amp;P 500&nbsp;has advanced 19%.</p><p><blockquote>2021 年迄今为止，Renaissance IPO ETF 上涨了 6%，而标普500上涨了 19%。</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>Busy IPO market this week poised to make 2021 the biggest year ever by proceeds<blockquote>本周繁忙的 IPO 市场有望使 2021 年成为有史以来收益最大的一年</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\">\nBusy IPO market this week poised to make 2021 the biggest year ever by proceeds<blockquote>本周繁忙的 IPO 市场有望使 2021 年成为有史以来收益最大的一年</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-09-14 15:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Swiss running-shoe company backed by Roger Federer and drive-through coffee chain expected to hit the market this week </p><p><blockquote>由罗杰·费德勒和得来速咖啡连锁店支持的瑞士跑鞋公司预计将于本周上市</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18111af5f5bda21b3128860fe616c5ca\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Swiss tennis giant Roger Federer is a backer of one of this week's bigger IPOs.</span></p><p><blockquote><p class=\"t-img-caption\"><span>瑞士网球巨人罗杰·费德勒是本周最大的IPO之一的支持者。</span></p></blockquote></p><p> After a flurry of initial-public-offering launches last week&nbsp;set the market up for a busy fall for deals, 11 are expected to price this week and raise more than $3 billion in proceeds. </p><p><blockquote>在上周一系列首次公开募股启动让市场陷入繁忙的交易量下跌之后，预计本周将有 11 家公司定价并筹集超过 30 亿美元的收益。</blockquote></p><p> If all deals materialize, it will make 2021 the biggest year for IPO proceeds ever, and shatter the previous record by about 30%, according to Bill Smith, founder and chief executive of Renaissance Capital, a provider of institutional research and exchange-traded funds oriented around IPOs. The market is expected to see some 375 deals for the year, raising $125 billion, according to Renaissance, beating the $97 billion raised in 2000 during the dot-com boom. </p><p><blockquote>机构研究和交易所交易基金提供商 Renaissance Capital 的创始人兼首席执行官比尔·史密斯 (Bill Smith) 表示，如果所有交易都能实现，2021 年将成为有史以来 IPO 收益最大的一年，并打破之前的记录约 30%。据 Renaissance 称，今年市场预计将达成约 375 笔交易，筹集 1250 亿美元，超过 2000 年互联网繁荣时期筹集的 970 亿美元。</blockquote></p><p> “After the long summer break, this week is a litmus test for upcoming tech, biotech, and consumer IPOs,” Smith wrote in a market commentary. The list includes a Swiss running-shoe company backed by tennis giant Roger Federer, a drive-through coffee kiosk operator and a mortgage insurer that was spun out of insurer Genworth Financial. </p><p><blockquote>“史密斯在一篇市场评论中写道：”在漫长的暑假之后，本周是即将到来的科技、生物技术和消费品 IPO 的试金石。这份名单包括一家由网球巨头罗杰·费德勒支持的瑞士跑鞋公司、一家免下车咖啡亭运营商以及一家从保险公司 Genworth Financial 分拆出来的抵押贷款保险公司。</blockquote></p><p> The biggest deal of the week is expected to come from Thoughtworks,a Chicago-based technology consultancy that will go public at a valuation of up to $6.1 billion.</p><p><blockquote>本周最大的交易预计将来自总部位于芝加哥的技术咨询公司 Thoughtworks，该公司将以高达 61 亿美元的估值上市。</blockquote></p><p> The company, which expects to change its name from Turing Holding Corp. to Thoughtworks with completion of the IPO, said a total of 36.84 million shares will be offered, split between the company and selling shareholders.</p><p><blockquote>该公司预计在 IPO 完成后将名称从 Turing Holding Corp. 更名为 Thoughtworks，并表示将发行总计 3684 万股股票，分配给公司和出售股东。</blockquote></p><p> The deal is expected to price at between $18 and $20 a share, and the stock will trade on the Nasdaq under the ticker symbol “TWKS.” Goldman Sachs and JPMorgan are the lead underwriters. The company recorded net income of $79.3 million on revenue of $803.4 million in 2020, after income of $28.4 million on revenue of $772.2 million in 2019.</p><p><blockquote>预计交易价格将在每股 18 美元至 20 美元之间，股票将在纳斯达克交易，股票代码为 “TWKS”。高盛和摩根大通是主承销商。该公司 2020 年收入为 8.034 亿美元，净利润为 7930 万美元，而 2019 年收入为 7.722 亿美元，净利润为 2840 万美元。</blockquote></p><p> The Swiss athletic-footwear maker On Holding&nbsp;is expected to raise up to $622 million at a valuation of almost $6 billion. On has applied to list 31.1 million shares priced at $18 to $20 each on the New York Stock Exchange, under the ticker symbol “ONON.”</p><p><blockquote>这家持股的瑞士运动鞋制造商预计将以近 60 亿美元的估值筹集高达 6.22 亿美元的资金。On 已申请在纽约证券交易所上市 3110 万股股票，每股定价为 18 至 20 美元，股票代码为 “ONON”。</blockquote></p><p> Goldman Sachs, Morgan Stanley and Morgan Stanley are lead underwriters in a syndicate of nine banks on the On deal. Proceeds are to be used for general corporate purposes. The company has a line that it co-developed with Federer.</p><p><blockquote>高盛、摩根士丹利和摩根士丹利是这笔交易的九家银行组成的银团的主承销商。所得款项将用于一般公司用途。该公司有一条与费德勒共同开发的产品线。</blockquote></p><p> The company had net income of 3.8 million Swiss francs ($4.1 million) in the six months through June 30, after a loss of 33.1 million francs in the year-earlier period,&nbsp;according to its IPO documents.&nbsp;Sales came to 315.5 million francs, up from 170.9 million francs.</p><p><blockquote>根据其首次公开募股文件，该公司在截至 6 月 30 日的六个月中净利润为 380 万瑞士法郎（约合 410 万美元），而去年同期亏损 3310 万法郎。销售额从 1.709 亿法郎增至 3.155 亿法郎。</blockquote></p><p> Also from Switzerland, sports betting site Sportrader Group AG&nbsp;plans to offer 19 million shares priced at $25 to $28 each, for a valuation of up to $31 billion. The company has applied to list on Nasdaq under the ticker symbol “SRAD.” JPMorgan, Morgan Stanley, Citigroup and UBS are lead underwriters in a syndicate of 13 banks working on the deal.</p><p><blockquote>同样来自瑞士的体育博彩网站Sportrader Group AG计划发行1900万股股票，每股定价25至28美元，估值高达310亿美元。该公司已申请在纳斯达克上市，股票代码为 “SRAD”。摩根大通、摩根士丹利、花旗集团和瑞银是参与该交易的 13 家银行财团的主承销商。</blockquote></p><p> Proceeds are to be used for working capital and to spur growth. The company had a net profit of $29.9 million in the first six months of the year, on revenue of $321 million,&nbsp;according to its filing documents.</p><p><blockquote>所得款项将用作营运资金和刺激增长。根据其备案文件，该公司今年前六个月净利润为 2990 万美元，收入为 3.21 亿美元。</blockquote></p><p> Dutch Bros Inc.,an operator of drive-through shops that serve hot and cold drinks mostly in western U.S. states, is planning to offer 21.1 million shares priced at $18 to $20 each in its IPO, valuing the company at up to $3.3 billion.</p><p><blockquote>Dutch Bros Inc. 是一家主要在美国西部各州提供冷热饮料的免下车商店运营商，计划在 IPO 中发行 2110 万股股票，每股定价为 18 至 20 美元，公司估值高达 33 亿美元。</blockquote></p><p> BofA Securities, JPMorgan and Jefferies are lead underwriters in a syndicate of 13 banks working on the deal. The company has applied to list on the New York Stock Exchange under the ticker symbol “BROS.”</p><p><blockquote>美国银行证券、摩根大通和杰富瑞是参与该交易的 13 家银行财团的主承销商。该公司已申请在纽约证券交易所上市，股票代码为 “BROS.</blockquote></p><p> Proceeds are to be used to purchase additional Class A shares — the company is planning to have four classes of stock with differing voting rights. The company had a net loss of $13.6 million, or 32 cents a share, in the first six months of the year, narrower than the loss of $16.5 million, or 38 cents a share, posted in the year-earlier period. Revenue fell to $227.9 million from $327.4 million.</p><p><blockquote>所得款项将用于购买额外的 A 类股票——该公司计划持有四类具有不同投票权的股票。该公司今年前六个月净亏损 1,360 万美元，即每股亏损 32 美分，低于去年同期公布的 1,650 万美元，即每股亏损 38 美分。收入从 3.274 亿美元降至 2.279 亿美元。</blockquote></p><p> <b>Rounding out the list are:</b></p><p><blockquote><b>最后一个列表是：</b></blockquote></p><p> •&nbsp;Definitive Healthcare Corp.,&nbsp;a Massachusetts-based provider of healthcare commercial intelligence, is planning to offer 15.56 million shares in its PO, which is expected to price between $21 and $24 a share. At that pricing, the company could be valued at up to $3.55 billion.</p><p><blockquote>- 总部位于马萨诸塞州的医疗保健商业智能提供商 Definitive Healthcare Corp. 计划在其 PO 中发行 1556 万股股票，预计每股价格在 21 至 24 美元之间。按照这个定价，该公司的估值可能高达 35.5 亿美元。</blockquote></p><p></p><p> •&nbsp;Enact Holdings Inc., a mortgage insurer owned by Genworth, is planning to offer 13.3 million shares priced at $19 to $20 each. The company would be valued at $3.3 billion at the top of that range. The company said all shares will be sold by Genworth and it will not receive any proceeds. It has applied to list on Nasdaq under the ticker “ACT.” Goldman Sachs and JPMorgan are lead underwriters in a team of nine banks working on the deal.</p><p><blockquote>- Genworth 旗下的抵押贷款保险公司 Enact Holdings Inc. 计划发行 1330 万股股票，每股定价为 19 至 20 美元。该公司的估值最高时为 33 亿美元。该公司表示，所有股份将由Genworth出售，不会获得任何收益。该公司已申请在纳斯达克上市，股票代码为 “ACT”。高盛和摩根大通是参与该交易的九家银行团队的主承销商。</blockquote></p><p> •&nbsp;ForgeRock<a href=\"https://www.marketwatch.com/investing/stock/FORG?mod=MW_story_quote&amp;mod=article_inline\" target=\"_blank\">,</a>&nbsp;a California-based identity security platform, is looking to raise up to $264 million with an offering of 11 million shares priced between $21 and $24 a share. That pricing would value the company a valuation of up to $1.91 billion.</p><p><blockquote>• 假摇滚<a href=\"https://www.marketwatch.com/investing/stock/FORG?mod=MW_story_quote&amp;mod=article_inline\" target=\"_blank\">,</a>总部位于加利福尼亚州的身份安全平台希望通过发行 1100 万股股票来筹集高达 2.64 亿美元的资金，每股价格在 21 美元至 24 美元之间。该定价将使该公司估值高达 19.1 亿美元。</blockquote></p><p> The stock is expected to list on the NYSE under the ticker symbol “FORG.” Morgan Stanley and JPMorgan are the lead underwriters. The company recorded a net loss of $41.8 million on revenue of $127.6 million in 2020, after a loss of $36.9 million on revenue of $104.5 million in 2019.</p><p><blockquote>该股预计将在纽约证券交易所上市，股票代码为 “FORG ”。摩根士丹利和摩根大通是主承销商。该公司 2020 年收入为 1.276 亿美元，净亏损 4180 万美元，而 2019 年收入为 1.045 亿美元，亏损 3690 万美元。</blockquote></p><p> <b>•</b>Dice Therapeutics&nbsp;is expected to raise up to $170 million at a valuation of up to $583 million and list on Nasdaq under the ticker symbol “DICE.” The biotech is developing therapies to treat chronic diseases in the field of immunology.</p><p><blockquote><b>•</b>Dice Therapeutics 预计将以高达 5.83 亿美元的估值筹集高达 1.7 亿美元的资金，并在纳斯达克上市，股票代码为 “DICE ”。生物技术正在开发治疗免疫学领域慢性疾病的疗法。</blockquote></p><p> <b>•</b>Surgical robotics developer Procept BioRobotics,is aiming to raise up to $132 million at a valuation of about $1 billion with plans to list on Nasdaq under the ticker symbol “PRCT.” BofA Securities and Goldman Sachs are lead underwriters.</p><p><blockquote><b>•</b>手术机器人开发商 Procept BioRobotics 的目标是以约 10 亿美元的估值筹集至多 1.32 亿美元，计划在纳斯达克上市，股票代码为 “PRCT”。美国银行证券和高盛是主承销商。</blockquote></p><p> “We develop, manufacture and sell the AquaBeam Robotic System, an advanced, image-guided, surgical robotic system for use in minimally invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia, or BPH,” the company says in its IPO documents.</p><p><blockquote>“该公司在 IPO 文件中表示：”我们开发、制造和销售 AquaBeam 机器人系统，这是一种先进的图像引导手术机器人系统，用于微创泌尿外科手术，最初的重点是治疗良性前列腺增生（BPH）。</blockquote></p><p> <b>•</b>Tyra Biosciences is aiming to raise $107.2 million in IPO proceeds at a valuation of $589 million. The biotech’s leading product candidate is a treatment for bladder cancer. It has applied to list on Nasdaq under the symbol “TYRA.”</p><p><blockquote><b>•</b>Tyra Biosciences 的目标是以 5.89 亿美元的估值筹集 1.072 亿美元的 IPO 收益。该生物技术公司的主要候选产品是治疗膀胱癌的药物。它已申请在纳斯达克上市，代码为 “泰拉 ”。</blockquote></p><p> <b>•</b>EzFill Holdings, an app-based mobile fueling company in South Florida, is planning to raise $25 million at a valuation of $100 million. The company has applied to list on Nasdaq under the ticker symbol “EZFL.” ThinkEquity is sole underwriter.</p><p><blockquote><b>•</b>EzFill Holdings 是一家位于南佛罗里达州的基于应用程序的移动加油公司，计划以 1 亿美元的估值筹集 2500 万美元。该公司已申请在纳斯达克上市，股票代码为 “EZFL”。ThinkEquity 是独家承销商。</blockquote></p><p> The Renaissance IPO ETF&nbsp;has gained 6% to date in 2021, while the S&amp;P 500&nbsp;has advanced 19%.</p><p><blockquote>2021 年迄今为止，Renaissance IPO ETF 上涨了 6%，而标普500上涨了 19%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/busy-ipo-market-this-week-may-make-2021-the-biggest-year-for-proceeds-and-break-previous-record-by-30-11631554372?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BROS":"Dutch Bros Inc.","TYRA":"Tyra Biosciences, Inc.",".SPX":"S&P 500 Index","ONON":"On Holding AG","PRCT":"PROCEPT BioRobotics",".IXIC":"NASDAQ Composite","SRAD":"Sportradar Group AG",".DJI":"道琼斯","DH":"Definitive Healthcare Corp."},"source_url":"https://www.marketwatch.com/story/busy-ipo-market-this-week-may-make-2021-the-biggest-year-for-proceeds-and-break-previous-record-by-30-11631554372?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160275332","content_text":"Swiss running-shoe company backed by Roger Federer and drive-through coffee chain expected to hit the market this week \nSwiss tennis giant Roger Federer is a backer of one of this week's bigger IPOs.\n\n\nAfter a flurry of initial-public-offering launches last week set the market up for a busy fall for deals, 11 are expected to price this week and raise more than $3 billion in proceeds. \n\nIf all deals materialize, it will make 2021 the biggest year for IPO proceeds ever, and shatter the previous record by about 30%, according to Bill Smith, founder and chief executive of Renaissance Capital, a provider of institutional research and exchange-traded funds oriented around IPOs. The market is expected to see some 375 deals for the year, raising $125 billion, according to Renaissance, beating the $97 billion raised in 2000 during the dot-com boom. \n\n“After the long summer break, this week is a litmus test for upcoming tech, biotech, and consumer IPOs,” Smith wrote in a market commentary. The list includes a Swiss running-shoe company backed by tennis giant Roger Federer, a drive-through coffee kiosk operator and a mortgage insurer that was spun out of insurer Genworth Financial. \n\nThe biggest deal of the week is expected to come from Thoughtworks,a Chicago-based technology consultancy that will go public at a valuation of up to $6.1 billion.\nThe company, which expects to change its name from Turing Holding Corp. to Thoughtworks with completion of the IPO, said a total of 36.84 million shares will be offered, split between the company and selling shareholders.\n\nThe deal is expected to price at between $18 and $20 a share, and the stock will trade on the Nasdaq under the ticker symbol “TWKS.” Goldman Sachs and JPMorgan are the lead underwriters. The company recorded net income of $79.3 million on revenue of $803.4 million in 2020, after income of $28.4 million on revenue of $772.2 million in 2019.\nThe Swiss athletic-footwear maker On Holding is expected to raise up to $622 million at a valuation of almost $6 billion. On has applied to list 31.1 million shares priced at $18 to $20 each on the New York Stock Exchange, under the ticker symbol “ONON.”\n\nGoldman Sachs, Morgan Stanley and Morgan Stanley are lead underwriters in a syndicate of nine banks on the On deal. Proceeds are to be used for general corporate purposes. The company has a line that it co-developed with Federer.\n\nThe company had net income of 3.8 million Swiss francs ($4.1 million) in the six months through June 30, after a loss of 33.1 million francs in the year-earlier period, according to its IPO documents. Sales came to 315.5 million francs, up from 170.9 million francs.\n\nAlso from Switzerland, sports betting site Sportrader Group AG plans to offer 19 million shares priced at $25 to $28 each, for a valuation of up to $31 billion. The company has applied to list on Nasdaq under the ticker symbol “SRAD.” JPMorgan, Morgan Stanley, Citigroup and UBS are lead underwriters in a syndicate of 13 banks working on the deal.\n\nProceeds are to be used for working capital and to spur growth. The company had a net profit of $29.9 million in the first six months of the year, on revenue of $321 million, according to its filing documents.\n\nDutch Bros Inc.,an operator of drive-through shops that serve hot and cold drinks mostly in western U.S. states, is planning to offer 21.1 million shares priced at $18 to $20 each in its IPO, valuing the company at up to $3.3 billion.\n\nBofA Securities, JPMorgan and Jefferies are lead underwriters in a syndicate of 13 banks working on the deal. The company has applied to list on the New York Stock Exchange under the ticker symbol “BROS.”\nProceeds are to be used to purchase additional Class A shares — the company is planning to have four classes of stock with differing voting rights. The company had a net loss of $13.6 million, or 32 cents a share, in the first six months of the year, narrower than the loss of $16.5 million, or 38 cents a share, posted in the year-earlier period. Revenue fell to $227.9 million from $327.4 million.\n\nRounding out the list are:\n• Definitive Healthcare Corp., a Massachusetts-based provider of healthcare commercial intelligence, is planning to offer 15.56 million shares in its PO, which is expected to price between $21 and $24 a share. At that pricing, the company could be valued at up to $3.55 billion.\n• Enact Holdings Inc., a mortgage insurer owned by Genworth, is planning to offer 13.3 million shares priced at $19 to $20 each. The company would be valued at $3.3 billion at the top of that range. The company said all shares will be sold by Genworth and it will not receive any proceeds. It has applied to list on Nasdaq under the ticker “ACT.” Goldman Sachs and JPMorgan are lead underwriters in a team of nine banks working on the deal.\n• ForgeRock, a California-based identity security platform, is looking to raise up to $264 million with an offering of 11 million shares priced between $21 and $24 a share. That pricing would value the company a valuation of up to $1.91 billion.\nThe stock is expected to list on the NYSE under the ticker symbol “FORG.” Morgan Stanley and JPMorgan are the lead underwriters. The company recorded a net loss of $41.8 million on revenue of $127.6 million in 2020, after a loss of $36.9 million on revenue of $104.5 million in 2019.\n•Dice Therapeutics is expected to raise up to $170 million at a valuation of up to $583 million and list on Nasdaq under the ticker symbol “DICE.” The biotech is developing therapies to treat chronic diseases in the field of immunology.\n•Surgical robotics developer Procept BioRobotics,is aiming to raise up to $132 million at a valuation of about $1 billion with plans to list on Nasdaq under the ticker symbol “PRCT.” BofA Securities and Goldman Sachs are lead underwriters.\n“We develop, manufacture and sell the AquaBeam Robotic System, an advanced, image-guided, surgical robotic system for use in minimally invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia, or BPH,” the company says in its IPO documents.\n•Tyra Biosciences is aiming to raise $107.2 million in IPO proceeds at a valuation of $589 million. The biotech’s leading product candidate is a treatment for bladder cancer. It has applied to list on Nasdaq under the symbol “TYRA.”\n•EzFill Holdings, an app-based mobile fueling company in South Florida, is planning to raise $25 million at a valuation of $100 million. The company has applied to list on Nasdaq under the ticker symbol “EZFL.” ThinkEquity is sole underwriter.\nThe Renaissance IPO ETF has gained 6% to date in 2021, while the S&P 500 has advanced 19%.","news_type":1,"symbols_score_info":{"DH":0.9,".IXIC":0.9,"FORG":0.9,"BROS":0.9,"TWKS":0.9,"SRAD":0.9,".DJI":0.9,".SPX":0.9,"ACT.UK":0.9,"DRNA":0.9,"TYRA":0.9,"PRCT":0.9,"ONON":0.9}},"isVote":1,"tweetType":1,"viewCount":3012,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":881743326,"gmtCreate":1631409284565,"gmtModify":1631890358631,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560893220281291","authorIdStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Like please? [Smile]&nbsp;","listText":"Like please? [Smile]&nbsp;","text":"Like please? [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/881743326","repostId":"1147481023","repostType":4,"repost":{"id":"1147481023","kind":"news","pubTimestamp":1631408592,"share":"https://www.laohunote.com/m/news/1147481023?lang=zh_CN&edition=full","pubTime":"2021-09-12 09:03","market":"us","language":"en","title":"Cathie Wood's Latest Picks: 2 Stocks She Just Bought<blockquote>Cathie Wood 的最新精选：她刚刚购买的 2 只股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147481023","media":"Motley Fool","summary":"Wood is doubling down on these innovative tech companies.","content":"<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>The ARK Innovation ETF has beaten the market over the past one, three, and five years.</li> </ul> </p><p><blockquote><ul><li>ARK Innovation ETF 在过去一年、三年和五年中跑赢了市场。</li></ul></blockquote></p><p> Fund manager Cathie Wood, the founder and CEO of ARK Invest, has earned a reputation as one of Wall Street's best stock pickers. And that reputation is well deserved. Over the past one, three, and five years, ARK's flagship&nbsp;<b>Innovation ETF</b>&nbsp;has crushed the broader market.</p><p><blockquote>ARK Invest 的创始人兼首席执行官、基金经理凯西·伍德 (Cathie Wood) 赢得了华尔街最佳选股者之一的美誉。这个名声是当之无愧的。在过去的一年、三年和五年里，方舟的旗舰<b>创新ETF</b>压垮了更广泛的市场。</blockquote></p><p> Given that impressive track record, smart investors may want to keep tabs on what Wood is buying and selling. Recently, she added shares of&nbsp;<b>PagerDuty</b>(NYSE:PD)&nbsp;and&nbsp;<b>UiPath</b>(NYSE:PATH)&nbsp;to ARK's flagship ETF. Here's what you should know about these tech stocks.</p><p><blockquote>鉴于令人印象深刻的业绩记录，精明的投资者可能希望密切关注伍德的买卖情况。最近，她增持了<b>寻呼机任务</b>（纽约证券交易所代码：PD）和<b>UiPath</b>（纽约证券交易所股票代码：PATH）至 ARK 的旗舰 ETF。以下是您应该了解的有关这些科技股的信息。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e31513ae84b50946bda3a4867cf9aacc\" tg-width=\"2000\" tg-height=\"1087\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>1. PagerDuty</b></p><p><blockquote><b>1. 寻呼机任务</b></blockquote></p><p> PagerDuty is the central nervous system for the modern enterprise. Its platform sits at the center of a company's digital ecosystem, collecting data from virtually all systems and devices. Then, by blending those signals with artificial intelligence, PagerDuty helps its clients predict and prevent the downtime of critical services and technologies.</p><p><blockquote>寻呼机是现代企业的中枢神经系统。它的平台位于公司数字生态系统的中心，从几乎所有系统和设备收集数据。然后，通过将这些信号与人工智能相结合，PagerDuty帮助其客户预测和防止关键服务和技术的停机时间。</blockquote></p><p> For example, the PagerDuty platform captures data from application performance-monitoring tools such as&nbsp;<b>Datadog</b>, IT operations hubs such as&nbsp;<b>ServiceNow</b>, public clouds such as&nbsp;<b>Microsoft</b>Azure, customer service software such as&nbsp;<b>Salesforce.com</b>, and communications platforms such as&nbsp;<b>Zoom</b>. And when issues are identified, PagerDuty either triggers automatic remediation or alerts the appropriate people, helping them quickly resolve incidents such as website outages or system failures.</p><p><blockquote>例如，PagerDuty平台从应用程序性能监视工具（如<b>数据狗</b>IT运营中心，如<b>服务现在</b>公共云，例如<b>微软</b>Azure、客户服务软件，例如<b>销售力量网站</b>以及通信平台，例如<b>缩放</b>当发现问题时，PagerDuty会触发自动补救或提醒相关人员，帮助他们快速解决网站中断或系统故障等事件。</blockquote></p><p> As a pioneer in this industry, PagerDuty has 12 years' worth of data and more than 14,100 customers, both of which make the company's artificial-intelligence models more effective. And as new clients join the platform, PagerDuty's data repository will continue to grow, further reinforcing this advantage.</p><p><blockquote>作为这个行业的先驱，PagerDuty拥有12年的数据和超过14100个客户，这两者都使得公司的人工智能模型更加有效。随着新客户加入该平台，PagerDuty的数据存储库将继续增长，进一步巩固这一优势。</blockquote></p><p> Financially, the company has posted solid top-line growth over the past two years. Trailing-12-month revenue has increased from $142.7 million in the second quarter of 2020 to $244.2 million in Q2 of 2022, which ended July 31, with a compound annual growth rate (CAGR) of 31%.</p><p><blockquote>在财务方面，该公司在过去两年中实现了稳健的营收增长。过去12个月的收入从2020年第二季度的1.427亿美元增加到截至7月31日的2022年第二季度的2.442亿美元，复合年增长率（CAGR）为31%。</blockquote></p><p> Investors should note that PagerDuty is still not profitable on a&nbsp;GAAP basis, and the company generated negative free cash flow of $6.4 million over the past 12 months. However, PagerDuty is still in the early stages of growing its business, and management believes the company has captured less than 1%&nbsp;of its market opportunity.</p><p><blockquote>投资者应该注意，PagerDuty 在 GAAP 基础上仍然没有盈利，该公司在过去 12 个月中产生了 640 万美元的负自由现金流。然而，PagerDuty仍处于业务增长的早期阶段，管理层认为该公司抓住的市场机会不到1%。</blockquote></p><p> Here's the bottom line: In an increasingly digital world, delivering a high-quality customer experience is not an option -- it's a necessity. And PagerDuty capitalizes on that fact, helping clients keep their digital ecosystems up and running at all times. Given Wood's focus on innovative technologies such as artificial intelligence, I'm not surprised to see her adding shares of this tech stock to ARK's portfolio.</p><p><blockquote>底线是：在一个日益数字化的世界中，提供高质量的客户体验不是一种选择，而是一种必需品。PagerDuty利用了这一事实，帮助客户始终保持其数字生态系统的正常运行。鉴于伍德对人工智能等创新技术的关注，看到她将这只科技股的股票添加到方舟的投资组合中，我并不感到惊讶。</blockquote></p><p> <b>2. UiPath</b></p><p><blockquote><b>2. UiPath</b></blockquote></p><p> UiPath is on a mission to bring automation to every enterprise. To that end, its platform combines three cutting-edge technologies -- artificial intelligence, low-code development, and robotic process automation -- helping clients build, deploy, and manage software bots capable of automating various processes in place of human employees.</p><p><blockquote>UiPath的使命是为每个企业带来自动化。为此，其平台结合了三种尖端技术——人工智能、低代码开发和机器人流程自动化——帮助客户构建、部署和管理能够代替人类员工自动化各种流程的软件机器人。</blockquote></p><p> To do this, UiPath's bots rely on several types of artificial intelligence, including computer vision, natural language processing, and machine learning. Together, these technologies infuse the bots with the ability to read and understand language, emulate human behavior, and make decisions. In turn, that allows them to automate both simple and complex tasks, such as reviewing emails, completing forms, and extracting data from documents.</p><p><blockquote>为此，UiPath的机器人依赖于几种类型的人工智能，包括计算机视觉、自然语言处理和机器学习。这些技术共同赋予机器人阅读和理解语言、模仿人类行为和做出决策的能力。反过来，这使得他们能够自动化简单和复杂的任务，例如查看电子邮件、填写表格和从文档中提取数据。</blockquote></p><p> One of UiPath's greatest advantages is its partner ecosystem. The company provides prebuilt integrations with hundreds of popular technologies, including&nbsp;<b>Amazon</b>&nbsp;Web Services, Microsoft 365, and Salesforce, meaning clients can quickly automate workflows on these platforms.</p><p><blockquote>UiPath最大的优势之一是它的合作伙伴生态系统。该公司提供与数百种流行技术的预构建集成，包括<b>亚马逊</b>网络服务、微软365和Salesforce，这意味着客户可以在这些平台上快速自动化工作流程。</blockquote></p><p> Because of the scope of the company's mission and its value proposition to clients, UiPath has grown its top line at an impressive pace. Its trailing-12-month revenue has grown from $451.2 million in the second quarter of 2021 to $736.9 million in Q2 of 2022, which ended July 31, for a CAGR of 63%.</p><p><blockquote>由于公司使命的范围及其对客户的价值主张，UiPath 的营收增长令人印象深刻。其过去 12 个月的收入从 2021 年第二季度的 4.512 亿美元增长到截至 7 月 31 日的 2022 年第二季度的 7.369 亿美元，CAGR 为 63%。</blockquote></p><p> Like PagerDuty, UiPath is currently unprofitable on a GAAP basis and is free cash flow negative. But the company has established itself as the industry leader, according to&nbsp;<b>Forrester Research</b>, and it makes sense to reinforce that advantage by investing aggressively in growth. That's exactly what management is doing.</p><p><blockquote>与 PagerDuty 一样，UiPath 目前按 GAAP 计算尚未盈利，并且自由现金流为负。但该公司已确立了自己作为行业领导者的地位<b>福雷斯特研究</b>通过积极投资于增长来巩固这一优势是有意义的。这正是管理层正在做的事情。</blockquote></p><p></p><p> Here's the bottom line: Automation drives efficiency and productivity by freeing human employees to spend their time on more important tasks, something that would benefit virtually every enterprise in the world. And UiPath has the best product on the market. That's why I'm not surprised to see Wood doubling down on this&nbsp;tech stock.</p><p><blockquote>底线是：自动化通过解放人类员工将时间花在更重要的任务上来提高效率和生产力，这将使世界上几乎每个企业受益。UiPath拥有市场上最好的产品。这就是为什么我看到伍德加倍投资这只科技股并不感到惊讶。</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>Cathie Wood's Latest Picks: 2 Stocks She Just Bought<blockquote>Cathie Wood 的最新精选：她刚刚购买的 2 只股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Latest Picks: 2 Stocks She Just Bought<blockquote>Cathie Wood 的最新精选：她刚刚购买的 2 只股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-09-12 09:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>The ARK Innovation ETF has beaten the market over the past one, three, and five years.</li> </ul> </p><p><blockquote><ul><li>ARK Innovation ETF 在过去一年、三年和五年中跑赢了市场。</li></ul></blockquote></p><p> Fund manager Cathie Wood, the founder and CEO of ARK Invest, has earned a reputation as one of Wall Street's best stock pickers. And that reputation is well deserved. Over the past one, three, and five years, ARK's flagship&nbsp;<b>Innovation ETF</b>&nbsp;has crushed the broader market.</p><p><blockquote>ARK Invest 的创始人兼首席执行官、基金经理凯西·伍德 (Cathie Wood) 赢得了华尔街最佳选股者之一的美誉。这个名声是当之无愧的。在过去的一年、三年和五年里，方舟的旗舰<b>创新ETF</b>压垮了更广泛的市场。</blockquote></p><p> Given that impressive track record, smart investors may want to keep tabs on what Wood is buying and selling. Recently, she added shares of&nbsp;<b>PagerDuty</b>(NYSE:PD)&nbsp;and&nbsp;<b>UiPath</b>(NYSE:PATH)&nbsp;to ARK's flagship ETF. Here's what you should know about these tech stocks.</p><p><blockquote>鉴于令人印象深刻的业绩记录，精明的投资者可能希望密切关注伍德的买卖情况。最近，她增持了<b>寻呼机任务</b>（纽约证券交易所代码：PD）和<b>UiPath</b>（纽约证券交易所股票代码：PATH）至 ARK 的旗舰 ETF。以下是您应该了解的有关这些科技股的信息。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e31513ae84b50946bda3a4867cf9aacc\" tg-width=\"2000\" tg-height=\"1087\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>1. PagerDuty</b></p><p><blockquote><b>1. 寻呼机任务</b></blockquote></p><p> PagerDuty is the central nervous system for the modern enterprise. Its platform sits at the center of a company's digital ecosystem, collecting data from virtually all systems and devices. Then, by blending those signals with artificial intelligence, PagerDuty helps its clients predict and prevent the downtime of critical services and technologies.</p><p><blockquote>寻呼机是现代企业的中枢神经系统。它的平台位于公司数字生态系统的中心，从几乎所有系统和设备收集数据。然后，通过将这些信号与人工智能相结合，PagerDuty帮助其客户预测和防止关键服务和技术的停机时间。</blockquote></p><p> For example, the PagerDuty platform captures data from application performance-monitoring tools such as&nbsp;<b>Datadog</b>, IT operations hubs such as&nbsp;<b>ServiceNow</b>, public clouds such as&nbsp;<b>Microsoft</b>Azure, customer service software such as&nbsp;<b>Salesforce.com</b>, and communications platforms such as&nbsp;<b>Zoom</b>. And when issues are identified, PagerDuty either triggers automatic remediation or alerts the appropriate people, helping them quickly resolve incidents such as website outages or system failures.</p><p><blockquote>例如，PagerDuty平台从应用程序性能监视工具（如<b>数据狗</b>IT运营中心，如<b>服务现在</b>公共云，例如<b>微软</b>Azure、客户服务软件，例如<b>销售力量网站</b>以及通信平台，例如<b>缩放</b>当发现问题时，PagerDuty会触发自动补救或提醒相关人员，帮助他们快速解决网站中断或系统故障等事件。</blockquote></p><p> As a pioneer in this industry, PagerDuty has 12 years' worth of data and more than 14,100 customers, both of which make the company's artificial-intelligence models more effective. And as new clients join the platform, PagerDuty's data repository will continue to grow, further reinforcing this advantage.</p><p><blockquote>作为这个行业的先驱，PagerDuty拥有12年的数据和超过14100个客户，这两者都使得公司的人工智能模型更加有效。随着新客户加入该平台，PagerDuty的数据存储库将继续增长，进一步巩固这一优势。</blockquote></p><p> Financially, the company has posted solid top-line growth over the past two years. Trailing-12-month revenue has increased from $142.7 million in the second quarter of 2020 to $244.2 million in Q2 of 2022, which ended July 31, with a compound annual growth rate (CAGR) of 31%.</p><p><blockquote>在财务方面，该公司在过去两年中实现了稳健的营收增长。过去12个月的收入从2020年第二季度的1.427亿美元增加到截至7月31日的2022年第二季度的2.442亿美元，复合年增长率（CAGR）为31%。</blockquote></p><p> Investors should note that PagerDuty is still not profitable on a&nbsp;GAAP basis, and the company generated negative free cash flow of $6.4 million over the past 12 months. However, PagerDuty is still in the early stages of growing its business, and management believes the company has captured less than 1%&nbsp;of its market opportunity.</p><p><blockquote>投资者应该注意，PagerDuty 在 GAAP 基础上仍然没有盈利，该公司在过去 12 个月中产生了 640 万美元的负自由现金流。然而，PagerDuty仍处于业务增长的早期阶段，管理层认为该公司抓住的市场机会不到1%。</blockquote></p><p> Here's the bottom line: In an increasingly digital world, delivering a high-quality customer experience is not an option -- it's a necessity. And PagerDuty capitalizes on that fact, helping clients keep their digital ecosystems up and running at all times. Given Wood's focus on innovative technologies such as artificial intelligence, I'm not surprised to see her adding shares of this tech stock to ARK's portfolio.</p><p><blockquote>底线是：在一个日益数字化的世界中，提供高质量的客户体验不是一种选择，而是一种必需品。PagerDuty利用了这一事实，帮助客户始终保持其数字生态系统的正常运行。鉴于伍德对人工智能等创新技术的关注，看到她将这只科技股的股票添加到方舟的投资组合中，我并不感到惊讶。</blockquote></p><p> <b>2. UiPath</b></p><p><blockquote><b>2. UiPath</b></blockquote></p><p> UiPath is on a mission to bring automation to every enterprise. To that end, its platform combines three cutting-edge technologies -- artificial intelligence, low-code development, and robotic process automation -- helping clients build, deploy, and manage software bots capable of automating various processes in place of human employees.</p><p><blockquote>UiPath的使命是为每个企业带来自动化。为此，其平台结合了三种尖端技术——人工智能、低代码开发和机器人流程自动化——帮助客户构建、部署和管理能够代替人类员工自动化各种流程的软件机器人。</blockquote></p><p> To do this, UiPath's bots rely on several types of artificial intelligence, including computer vision, natural language processing, and machine learning. Together, these technologies infuse the bots with the ability to read and understand language, emulate human behavior, and make decisions. In turn, that allows them to automate both simple and complex tasks, such as reviewing emails, completing forms, and extracting data from documents.</p><p><blockquote>为此，UiPath的机器人依赖于几种类型的人工智能，包括计算机视觉、自然语言处理和机器学习。这些技术共同赋予机器人阅读和理解语言、模仿人类行为和做出决策的能力。反过来，这使得他们能够自动化简单和复杂的任务，例如查看电子邮件、填写表格和从文档中提取数据。</blockquote></p><p> One of UiPath's greatest advantages is its partner ecosystem. The company provides prebuilt integrations with hundreds of popular technologies, including&nbsp;<b>Amazon</b>&nbsp;Web Services, Microsoft 365, and Salesforce, meaning clients can quickly automate workflows on these platforms.</p><p><blockquote>UiPath最大的优势之一是它的合作伙伴生态系统。该公司提供与数百种流行技术的预构建集成，包括<b>亚马逊</b>网络服务、微软365和Salesforce，这意味着客户可以在这些平台上快速自动化工作流程。</blockquote></p><p> Because of the scope of the company's mission and its value proposition to clients, UiPath has grown its top line at an impressive pace. Its trailing-12-month revenue has grown from $451.2 million in the second quarter of 2021 to $736.9 million in Q2 of 2022, which ended July 31, for a CAGR of 63%.</p><p><blockquote>由于公司使命的范围及其对客户的价值主张，UiPath 的营收增长令人印象深刻。其过去 12 个月的收入从 2021 年第二季度的 4.512 亿美元增长到截至 7 月 31 日的 2022 年第二季度的 7.369 亿美元，CAGR 为 63%。</blockquote></p><p> Like PagerDuty, UiPath is currently unprofitable on a GAAP basis and is free cash flow negative. But the company has established itself as the industry leader, according to&nbsp;<b>Forrester Research</b>, and it makes sense to reinforce that advantage by investing aggressively in growth. That's exactly what management is doing.</p><p><blockquote>与 PagerDuty 一样，UiPath 目前按 GAAP 计算尚未盈利，并且自由现金流为负。但该公司已确立了自己作为行业领导者的地位<b>福雷斯特研究</b>通过积极投资于增长来巩固这一优势是有意义的。这正是管理层正在做的事情。</blockquote></p><p></p><p> Here's the bottom line: Automation drives efficiency and productivity by freeing human employees to spend their time on more important tasks, something that would benefit virtually every enterprise in the world. And UiPath has the best product on the market. That's why I'm not surprised to see Wood doubling down on this&nbsp;tech stock.</p><p><blockquote>底线是：自动化通过解放人类员工将时间花在更重要的任务上来提高效率和生产力，这将使世界上几乎每个企业受益。UiPath拥有市场上最好的产品。这就是为什么我看到伍德加倍投资这只科技股并不感到惊讶。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/09/11/cathie-woods-lastest-picks-2-hot-stocks-she-bought/\">Motley Fool</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":{"ARKK":"ARK Innovation ETF","PD":"PagerDuty, Inc.","ARKW":"ARK Next Generation Internet ETF","PATH":"UiPath","ARKG":"ARK Genomic Revolution ETF"},"source_url":"https://www.fool.com/investing/2021/09/11/cathie-woods-lastest-picks-2-hot-stocks-she-bought/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147481023","content_text":"Key Points\n\nThe ARK Innovation ETF has beaten the market over the past one, three, and five years.\n\n\nFund manager Cathie Wood, the founder and CEO of ARK Invest, has earned a reputation as one of Wall Street's best stock pickers. And that reputation is well deserved. Over the past one, three, and five years, ARK's flagship Innovation ETF has crushed the broader market.\nGiven that impressive track record, smart investors may want to keep tabs on what Wood is buying and selling. Recently, she added shares of PagerDuty(NYSE:PD) and UiPath(NYSE:PATH) to ARK's flagship ETF. Here's what you should know about these tech stocks.\nIMAGE SOURCE: GETTY IMAGES.\n1. PagerDuty\nPagerDuty is the central nervous system for the modern enterprise. Its platform sits at the center of a company's digital ecosystem, collecting data from virtually all systems and devices. Then, by blending those signals with artificial intelligence, PagerDuty helps its clients predict and prevent the downtime of critical services and technologies.\nFor example, the PagerDuty platform captures data from application performance-monitoring tools such as Datadog, IT operations hubs such as ServiceNow, public clouds such as MicrosoftAzure, customer service software such as Salesforce.com, and communications platforms such as Zoom. And when issues are identified, PagerDuty either triggers automatic remediation or alerts the appropriate people, helping them quickly resolve incidents such as website outages or system failures.\nAs a pioneer in this industry, PagerDuty has 12 years' worth of data and more than 14,100 customers, both of which make the company's artificial-intelligence models more effective. And as new clients join the platform, PagerDuty's data repository will continue to grow, further reinforcing this advantage.\nFinancially, the company has posted solid top-line growth over the past two years. Trailing-12-month revenue has increased from $142.7 million in the second quarter of 2020 to $244.2 million in Q2 of 2022, which ended July 31, with a compound annual growth rate (CAGR) of 31%.\nInvestors should note that PagerDuty is still not profitable on a GAAP basis, and the company generated negative free cash flow of $6.4 million over the past 12 months. However, PagerDuty is still in the early stages of growing its business, and management believes the company has captured less than 1% of its market opportunity.\nHere's the bottom line: In an increasingly digital world, delivering a high-quality customer experience is not an option -- it's a necessity. And PagerDuty capitalizes on that fact, helping clients keep their digital ecosystems up and running at all times. Given Wood's focus on innovative technologies such as artificial intelligence, I'm not surprised to see her adding shares of this tech stock to ARK's portfolio.\n2. UiPath\nUiPath is on a mission to bring automation to every enterprise. To that end, its platform combines three cutting-edge technologies -- artificial intelligence, low-code development, and robotic process automation -- helping clients build, deploy, and manage software bots capable of automating various processes in place of human employees.\nTo do this, UiPath's bots rely on several types of artificial intelligence, including computer vision, natural language processing, and machine learning. Together, these technologies infuse the bots with the ability to read and understand language, emulate human behavior, and make decisions. In turn, that allows them to automate both simple and complex tasks, such as reviewing emails, completing forms, and extracting data from documents.\nOne of UiPath's greatest advantages is its partner ecosystem. The company provides prebuilt integrations with hundreds of popular technologies, including Amazon Web Services, Microsoft 365, and Salesforce, meaning clients can quickly automate workflows on these platforms.\nBecause of the scope of the company's mission and its value proposition to clients, UiPath has grown its top line at an impressive pace. Its trailing-12-month revenue has grown from $451.2 million in the second quarter of 2021 to $736.9 million in Q2 of 2022, which ended July 31, for a CAGR of 63%.\nLike PagerDuty, UiPath is currently unprofitable on a GAAP basis and is free cash flow negative. But the company has established itself as the industry leader, according to Forrester Research, and it makes sense to reinforce that advantage by investing aggressively in growth. That's exactly what management is doing.\nHere's the bottom line: Automation drives efficiency and productivity by freeing human employees to spend their time on more important tasks, something that would benefit virtually every enterprise in the world. And UiPath has the best product on the market. That's why I'm not surprised to see Wood doubling down on this tech stock.","news_type":1,"symbols_score_info":{"PATH":0.9,"ARKK":0.9,"PD":0.9,"ARKW":0.9,"ARKG":0.9}},"isVote":1,"tweetType":1,"viewCount":2443,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":881415552,"gmtCreate":1631375672076,"gmtModify":1631890358645,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560893220281291","authorIdStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Great!","listText":"Great!","text":"Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/881415552","repostId":"1147045390","repostType":4,"repost":{"id":"1147045390","kind":"news","pubTimestamp":1631321547,"share":"https://www.laohunote.com/m/news/1147045390?lang=zh_CN&edition=full","pubTime":"2021-09-11 08:52","market":"us","language":"en","title":"Why Apple’s Risk Is Limited<blockquote>为什么苹果的风险有限</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147045390","media":"Barrons","summary":"Apple faces real, but limited, risk to its revenue and profits from Friday’s ruling that requires it to allow developers to offer alternative payment methods for purchases made in apps downloaded through the Apple app store.In a case filed by Fortnite publisher Epic Games, U.S. District Judge Yvonne Gonzalez Rogers issued a permanent injunction that requires Apple  to allow developers the option to include links to alternative payment methods in their apps. Apple’s own payment system takes a 30%","content":"<p>Apple faces real, but limited, risk to its revenue and profits from Friday’s ruling that requires it to allow developers to offer alternative payment methods for purchases made in apps downloaded through the Apple app store.</p><p><blockquote>周五的裁决要求苹果允许开发者为通过苹果应用商店下载的应用程序提供替代支付方式，这给其收入和利润带来了真实但有限的风险。</blockquote></p><p> In a case filed by Fortnite publisher Epic Games, U.S. District Judge Yvonne Gonzalez Rogers issued a permanent injunction that requires Apple (ticker: AAPL) to allow developers the option to include links to alternative payment methods in their apps. Apple’s own payment system takes a 30% cut from large developers.</p><p><blockquote>在堡垒之夜发行商 Epic Games 提起的一起案件中，美国地区法官 Yvonne Gonzalez Rogers 发布了一项永久禁令，要求苹果（股票代码：AAPL）允许开发者选择在其应用程序中包含替代支付方式的链接。苹果自己的支付系统从大型开发商那里抽取 30% 的佣金。</blockquote></p><p> Data from the app tracker SensorTower shows that in calendar 2020, Apple had overall revenue from the App Store of $72.3 billion, generating an estimated $21.7 billion in fees, or about 7% of Apple’s overall revenues. That includes $21 billion in spending in the U.S., generating about $6.3 billion in fees, or about 2% of annualized revenues.</p><p><blockquote>应用追踪机构 SensorTower 的数据显示，2020 年，苹果从 App Store 获得的总收入为 723 亿美元，费用估计为 217 亿美元，约占苹果总收入的 7%。其中包括美国 210 亿美元的支出，产生约 63 亿美元的费用，约占年化收入的 2%。</blockquote></p><p> SensorTower estimates that mobile-game spending in the App Store in calendar 2020 was $47.6 billion, generating $14.3 billion in fees, or a little under 5% of Apple’s total revenues.</p><p><blockquote>SensorTower 估计，2020 年 App Store 的手机游戏支出为 476 亿美元，产生的费用为 143 亿美元，略低于苹果总收入的 5%。</blockquote></p><p> Gene Munster, managing director of the venture firm Loup Capital and a former sell-side analyst with a long history of tracking Apple, estimated that the App Store accounts for about 14% of the company’s profits. But he sees limited risk from Friday’s ruling.</p><p><blockquote>风险投资公司 Loup Capital 的董事总经理、长期跟踪苹果的前卖方分析师吉恩-蒙斯特（Gene Munster）估计，App Store 约占公司利润的 14%。但他认为周五的裁决风险有限。</blockquote></p><p> Munster thinks most app developers will stay inside of the Apple system. He sees “at most” a 2% headwind to overall revenue, and a potential 4% hit to profits.</p><p><blockquote>明斯特认为大多数应用程序开发者将留在苹果系统内。他认为总收入 “最多 ”会受到 2% 的阻力，利润可能会受到 4% 的影响。</blockquote></p><p> “After the first year of these changes, app store growth rates will return to normal,” he said. “Bottom line, it’s at most a one-year headwind and does not change the big picture of where Apple is going over the next 5 years.”</p><p><blockquote>“他说：”在这些变化的第一年之后，app store 的增长率将恢复正常。“底线是，这最多只是一年的逆风，并不会改变苹果未来 5 年的发展方向。”</blockquote></p><p> Evercore ISI analyst Amit Daryanani said in a research note that the ruling is a setback for Apple, but that the eventual impact is likely to be manageable, given Apple has alternative ways to generate revenue from the store, including its growing in-store ad business. And he noted that Apple actually got a win on a bigger issue in the case: The judge rejected Epic’s assertion that the App Store is an illegal monopoly. Daryanani estimated the risk to Apple’s per-share earnings at 2% to 4%.</p><p><blockquote>Evercore ISI 分析师 Amit Daryanani 在一份研究报告中表示，这一裁决对苹果来说是一个挫折，但最终的影响可能是可控的，因为苹果有其他方式从商店创收，包括其不断增长的店内广告业务。他还指出，苹果实际上在案件中的一个更大问题上取得了胜利： 法官驳回了 Epic 关于 App Store 非法垄断的说法。Daryanani 估计苹果每股收益面临的风险为 2% 至 4%。</blockquote></p><p> Wedbush analyst Dan Ives told&nbsp;<i>Barron’s</i>&nbsp;he thinks the worst-case scenario is a 3% to 4% hit to revenues, describing the risk as a “rounding error.” While Ives said the Street had expected an across-the-board win for Apple, the mixed decision removes an overhang on the stock and that investors are likely relieved to put the issue to rest.</p><p><blockquote>韦德布什分析师丹·艾夫斯告诉<i>巴伦</i>他认为最坏的情况是收入受到 3% 到 4% 的影响，并将这种风险描述为 “四舍五入误差”。虽然艾夫斯表示，华尔街原本预计苹果会全面获胜，但这一混合决定消除了该股的悬而未决的问题，投资者可能会放心地搁置这个问题。</blockquote></p><p> The ruling is more a positive for companies like&nbsp;Spotify Technology&nbsp;and&nbsp;Match Group&nbsp;than it is a negative for Apple, he said. Apple stock fell 3.3% to $148.97&nbsp;on&nbsp;Friday, while Spotify and March gained 0.7% and&nbsp;4.2%, respectively.</p><p><blockquote>他说，这一裁决对 Spotify Technology 和 Match Group 等公司来说是积极的，而不是对苹果的负面影响。苹果股价周五下跌 3.3%，至 148.97 美元，而 Spotify 和 March 分别上涨 0.7% 和 4.2%。</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>Why Apple’s Risk Is Limited<blockquote>为什么苹果的风险有限</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 Apple’s Risk Is Limited<blockquote>为什么苹果的风险有限</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-09-11 08:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apple faces real, but limited, risk to its revenue and profits from Friday’s ruling that requires it to allow developers to offer alternative payment methods for purchases made in apps downloaded through the Apple app store.</p><p><blockquote>周五的裁决要求苹果允许开发者为通过苹果应用商店下载的应用程序提供替代支付方式，这给其收入和利润带来了真实但有限的风险。</blockquote></p><p> In a case filed by Fortnite publisher Epic Games, U.S. District Judge Yvonne Gonzalez Rogers issued a permanent injunction that requires Apple (ticker: AAPL) to allow developers the option to include links to alternative payment methods in their apps. Apple’s own payment system takes a 30% cut from large developers.</p><p><blockquote>在堡垒之夜发行商 Epic Games 提起的一起案件中，美国地区法官 Yvonne Gonzalez Rogers 发布了一项永久禁令，要求苹果（股票代码：AAPL）允许开发者选择在其应用程序中包含替代支付方式的链接。苹果自己的支付系统从大型开发商那里抽取 30% 的佣金。</blockquote></p><p> Data from the app tracker SensorTower shows that in calendar 2020, Apple had overall revenue from the App Store of $72.3 billion, generating an estimated $21.7 billion in fees, or about 7% of Apple’s overall revenues. That includes $21 billion in spending in the U.S., generating about $6.3 billion in fees, or about 2% of annualized revenues.</p><p><blockquote>应用追踪机构 SensorTower 的数据显示，2020 年，苹果从 App Store 获得的总收入为 723 亿美元，费用估计为 217 亿美元，约占苹果总收入的 7%。其中包括美国 210 亿美元的支出，产生约 63 亿美元的费用，约占年化收入的 2%。</blockquote></p><p> SensorTower estimates that mobile-game spending in the App Store in calendar 2020 was $47.6 billion, generating $14.3 billion in fees, or a little under 5% of Apple’s total revenues.</p><p><blockquote>SensorTower 估计，2020 年 App Store 的手机游戏支出为 476 亿美元，产生的费用为 143 亿美元，略低于苹果总收入的 5%。</blockquote></p><p> Gene Munster, managing director of the venture firm Loup Capital and a former sell-side analyst with a long history of tracking Apple, estimated that the App Store accounts for about 14% of the company’s profits. But he sees limited risk from Friday’s ruling.</p><p><blockquote>风险投资公司 Loup Capital 的董事总经理、长期跟踪苹果的前卖方分析师吉恩-蒙斯特（Gene Munster）估计，App Store 约占公司利润的 14%。但他认为周五的裁决风险有限。</blockquote></p><p> Munster thinks most app developers will stay inside of the Apple system. He sees “at most” a 2% headwind to overall revenue, and a potential 4% hit to profits.</p><p><blockquote>明斯特认为大多数应用程序开发者将留在苹果系统内。他认为总收入 “最多 ”会受到 2% 的阻力，利润可能会受到 4% 的影响。</blockquote></p><p> “After the first year of these changes, app store growth rates will return to normal,” he said. “Bottom line, it’s at most a one-year headwind and does not change the big picture of where Apple is going over the next 5 years.”</p><p><blockquote>“他说：”在这些变化的第一年之后，app store 的增长率将恢复正常。“底线是，这最多只是一年的逆风，并不会改变苹果未来 5 年的发展方向。”</blockquote></p><p> Evercore ISI analyst Amit Daryanani said in a research note that the ruling is a setback for Apple, but that the eventual impact is likely to be manageable, given Apple has alternative ways to generate revenue from the store, including its growing in-store ad business. And he noted that Apple actually got a win on a bigger issue in the case: The judge rejected Epic’s assertion that the App Store is an illegal monopoly. Daryanani estimated the risk to Apple’s per-share earnings at 2% to 4%.</p><p><blockquote>Evercore ISI 分析师 Amit Daryanani 在一份研究报告中表示，这一裁决对苹果来说是一个挫折，但最终的影响可能是可控的，因为苹果有其他方式从商店创收，包括其不断增长的店内广告业务。他还指出，苹果实际上在案件中的一个更大问题上取得了胜利： 法官驳回了 Epic 关于 App Store 非法垄断的说法。Daryanani 估计苹果每股收益面临的风险为 2% 至 4%。</blockquote></p><p> Wedbush analyst Dan Ives told&nbsp;<i>Barron’s</i>&nbsp;he thinks the worst-case scenario is a 3% to 4% hit to revenues, describing the risk as a “rounding error.” While Ives said the Street had expected an across-the-board win for Apple, the mixed decision removes an overhang on the stock and that investors are likely relieved to put the issue to rest.</p><p><blockquote>韦德布什分析师丹·艾夫斯告诉<i>巴伦</i>他认为最坏的情况是收入受到 3% 到 4% 的影响，并将这种风险描述为 “四舍五入误差”。虽然艾夫斯表示，华尔街原本预计苹果会全面获胜，但这一混合决定消除了该股的悬而未决的问题，投资者可能会放心地搁置这个问题。</blockquote></p><p> The ruling is more a positive for companies like&nbsp;Spotify Technology&nbsp;and&nbsp;Match Group&nbsp;than it is a negative for Apple, he said. Apple stock fell 3.3% to $148.97&nbsp;on&nbsp;Friday, while Spotify and March gained 0.7% and&nbsp;4.2%, respectively.</p><p><blockquote>他说，这一裁决对 Spotify Technology 和 Match Group 等公司来说是积极的，而不是对苹果的负面影响。苹果股价周五下跌 3.3%，至 148.97 美元，而 Spotify 和 March 分别上涨 0.7% 和 4.2%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/apple-app-store-epic-51631304007?mod=hp_LEAD_1_B_2\">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":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/apple-app-store-epic-51631304007?mod=hp_LEAD_1_B_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147045390","content_text":"Apple faces real, but limited, risk to its revenue and profits from Friday’s ruling that requires it to allow developers to offer alternative payment methods for purchases made in apps downloaded through the Apple app store.\nIn a case filed by Fortnite publisher Epic Games, U.S. District Judge Yvonne Gonzalez Rogers issued a permanent injunction that requires Apple (ticker: AAPL) to allow developers the option to include links to alternative payment methods in their apps. Apple’s own payment system takes a 30% cut from large developers.\nData from the app tracker SensorTower shows that in calendar 2020, Apple had overall revenue from the App Store of $72.3 billion, generating an estimated $21.7 billion in fees, or about 7% of Apple’s overall revenues. That includes $21 billion in spending in the U.S., generating about $6.3 billion in fees, or about 2% of annualized revenues.\nSensorTower estimates that mobile-game spending in the App Store in calendar 2020 was $47.6 billion, generating $14.3 billion in fees, or a little under 5% of Apple’s total revenues.\nGene Munster, managing director of the venture firm Loup Capital and a former sell-side analyst with a long history of tracking Apple, estimated that the App Store accounts for about 14% of the company’s profits. But he sees limited risk from Friday’s ruling.\nMunster thinks most app developers will stay inside of the Apple system. He sees “at most” a 2% headwind to overall revenue, and a potential 4% hit to profits.\n“After the first year of these changes, app store growth rates will return to normal,” he said. “Bottom line, it’s at most a one-year headwind and does not change the big picture of where Apple is going over the next 5 years.”\nEvercore ISI analyst Amit Daryanani said in a research note that the ruling is a setback for Apple, but that the eventual impact is likely to be manageable, given Apple has alternative ways to generate revenue from the store, including its growing in-store ad business. And he noted that Apple actually got a win on a bigger issue in the case: The judge rejected Epic’s assertion that the App Store is an illegal monopoly. Daryanani estimated the risk to Apple’s per-share earnings at 2% to 4%.\nWedbush analyst Dan Ives told Barron’s he thinks the worst-case scenario is a 3% to 4% hit to revenues, describing the risk as a “rounding error.” While Ives said the Street had expected an across-the-board win for Apple, the mixed decision removes an overhang on the stock and that investors are likely relieved to put the issue to rest.\nThe ruling is more a positive for companies like Spotify Technology and Match Group than it is a negative for Apple, he said. Apple stock fell 3.3% to $148.97 on Friday, while Spotify and March gained 0.7% and 4.2%, respectively.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":807,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":883518110,"gmtCreate":1631253858330,"gmtModify":1631890358675,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560893220281291","authorIdStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Like please? [Happy]&nbsp;","listText":"Like please? [Happy]&nbsp;","text":"Like please? [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/883518110","repostId":"2166345008","repostType":4,"isVote":1,"tweetType":1,"viewCount":837,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889275804,"gmtCreate":1631154540108,"gmtModify":1631890358669,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560893220281291","authorIdStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Like please? [Smile]&nbsp;","listText":"Like please? [Smile]&nbsp;","text":"Like please? [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/889275804","repostId":"2166392072","repostType":4,"isVote":1,"tweetType":1,"viewCount":755,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889920550,"gmtCreate":1631104975270,"gmtModify":1631890358689,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560893220281291","authorIdStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Like please? [Happy]&nbsp;","listText":"Like please? [Happy]&nbsp;","text":"Like please? [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/889920550","repostId":"1152198957","repostType":4,"isVote":1,"tweetType":1,"viewCount":580,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":880018491,"gmtCreate":1630998815813,"gmtModify":1631890358702,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560893220281291","authorIdStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Like please? [Happy]&nbsp;","listText":"Like please? [Happy]&nbsp;","text":"Like please? 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[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/815006131","repostId":"2164829818","repostType":4,"isVote":1,"tweetType":1,"viewCount":857,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812192583,"gmtCreate":1630560166342,"gmtModify":1631890358732,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560893220281291","authorIdStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Like please? [Smile]&nbsp;","listText":"Like please? [Smile]&nbsp;","text":"Like please? [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/812192583","repostId":"2164481914","repostType":4,"isVote":1,"tweetType":1,"viewCount":875,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816402508,"gmtCreate":1630510731504,"gmtModify":1631890358742,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560893220281291","authorIdStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Like please?[Happy]&nbsp;","listText":"Like please?[Happy]&nbsp;","text":"Like please?[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/816402508","repostId":"1110351476","repostType":4,"repost":{"id":"1110351476","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1630510441,"share":"https://www.laohunote.com/m/news/1110351476?lang=zh_CN&edition=full","pubTime":"2021-09-01 23:34","market":"us","language":"en","title":"Focus Universal Inc. shares surged nearly 230%<blockquote>分众环球公司股价飙升近230%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1110351476","media":"Tiger Newspress","summary":"Focus Universal Inc. shares surged nearly 230%. The stock started trading on Nasdaq Capital Market y","content":"<p>Focus&nbsp;Universal&nbsp;Inc.&nbsp;shares&nbsp;surged&nbsp;nearly&nbsp;230%. The stock started trading on Nasdaq Capital Market yesterday.</p><p><blockquote>Focus Universal Inc. 股价飙升近 230%。该股昨天开始在纳斯达克资本市场交易。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/20952cc6988ab208c1e782cf45b91b1a\" tg-width=\"878\" tg-height=\"635\" referrerpolicy=\"no-referrer\">Focus Universal Inc. &nbsp;is a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G. The company has developed four disruptive patented technologies to solve the major problems facing hardware design, hardware production, software design and network communication facing both industries today. These technologies combined have potential to reduce costs, product development timelines and energy usage, while increasing range, speed, efficiency and security.</p><p><blockquote>Focus Universal Inc.是物联网（IoT）和5G专利硬件和软件设计技术的提供商。公司研发了四项颠覆性专利技术，解决了当今两个行业面临的硬件设计、硬件生产、软件设计和网络通信等重大难题。这些技术结合起来有可能降低成本、产品开发时间表和能源使用，同时提高范围、速度、效率和安全性。</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>Focus Universal Inc. shares surged nearly 230%<blockquote>分众环球公司股价飙升近230%</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\">\nFocus Universal Inc. shares surged nearly 230%<blockquote>分众环球公司股价飙升近230%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-09-01 23:34</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Focus&nbsp;Universal&nbsp;Inc.&nbsp;shares&nbsp;surged&nbsp;nearly&nbsp;230%. The stock started trading on Nasdaq Capital Market yesterday.</p><p><blockquote>Focus Universal Inc. 股价飙升近 230%。该股昨天开始在纳斯达克资本市场交易。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/20952cc6988ab208c1e782cf45b91b1a\" tg-width=\"878\" tg-height=\"635\" referrerpolicy=\"no-referrer\">Focus Universal Inc. &nbsp;is a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G. The company has developed four disruptive patented technologies to solve the major problems facing hardware design, hardware production, software design and network communication facing both industries today. These technologies combined have potential to reduce costs, product development timelines and energy usage, while increasing range, speed, efficiency and security.</p><p><blockquote>Focus Universal Inc.是物联网（IoT）和5G专利硬件和软件设计技术的提供商。公司研发了四项颠覆性专利技术，解决了当今两个行业面临的硬件设计、硬件生产、软件设计和网络通信等重大难题。这些技术结合起来有可能降低成本、产品开发时间表和能源使用，同时提高范围、速度、效率和安全性。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FCUV":"Focus Universal, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110351476","content_text":"Focus Universal Inc. shares surged nearly 230%. The stock started trading on Nasdaq Capital Market yesterday.\nFocus Universal Inc.  is a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G. The company has developed four disruptive patented technologies to solve the major problems facing hardware design, hardware production, software design and network communication facing both industries today. These technologies combined have potential to reduce costs, product development timelines and energy usage, while increasing range, speed, efficiency and security.","news_type":1,"symbols_score_info":{"FCUV":0.9}},"isVote":1,"tweetType":1,"viewCount":776,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813300734,"gmtCreate":1630126821028,"gmtModify":1704956357993,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560893220281291","authorIdStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Like please? [Happy]&nbsp;","listText":"Like please? [Happy]&nbsp;","text":"Like please? [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/813300734","repostId":"2162733980","repostType":4,"isVote":1,"tweetType":1,"viewCount":924,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819626399,"gmtCreate":1630067577911,"gmtModify":1704955428652,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560893220281291","authorIdStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Give me a like please? [Cool]&nbsp;","listText":"Give me a like please? [Cool]&nbsp;","text":"Give me a like please? [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/819626399","repostId":"1164159102","repostType":4,"isVote":1,"tweetType":1,"viewCount":666,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":133117959,"gmtCreate":1621727382071,"gmtModify":1634187009599,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560893220281291","idStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Great! Like and comment please&nbsp;","listText":"Great! Like and comment please&nbsp;","text":"Great! Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":8,"repostSize":0,"link":"https://laohu8.com/post/133117959","repostId":"2137906121","repostType":4,"isVote":1,"tweetType":1,"viewCount":630,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":136995776,"gmtCreate":1621988944595,"gmtModify":1634184976759,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560893220281291","idStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Let’s go! Like and comment please&nbsp;","listText":"Let’s go! Like and comment please&nbsp;","text":"Let’s go! Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/136995776","repostId":"2138196079","repostType":4,"isVote":1,"tweetType":1,"viewCount":770,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":881743326,"gmtCreate":1631409284565,"gmtModify":1631890358631,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560893220281291","idStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Like please? [Smile]&nbsp;","listText":"Like please? [Smile]&nbsp;","text":"Like please? [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/881743326","repostId":"1147481023","repostType":4,"repost":{"id":"1147481023","kind":"news","pubTimestamp":1631408592,"share":"https://www.laohunote.com/m/news/1147481023?lang=zh_CN&edition=full","pubTime":"2021-09-12 09:03","market":"us","language":"en","title":"Cathie Wood's Latest Picks: 2 Stocks She Just Bought<blockquote>Cathie Wood 的最新精选：她刚刚购买的 2 只股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147481023","media":"Motley Fool","summary":"Wood is doubling down on these innovative tech companies.","content":"<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>The ARK Innovation ETF has beaten the market over the past one, three, and five years.</li> </ul> </p><p><blockquote><ul><li>ARK Innovation ETF 在过去一年、三年和五年中跑赢了市场。</li></ul></blockquote></p><p> Fund manager Cathie Wood, the founder and CEO of ARK Invest, has earned a reputation as one of Wall Street's best stock pickers. And that reputation is well deserved. Over the past one, three, and five years, ARK's flagship&nbsp;<b>Innovation ETF</b>&nbsp;has crushed the broader market.</p><p><blockquote>ARK Invest 的创始人兼首席执行官、基金经理凯西·伍德 (Cathie Wood) 赢得了华尔街最佳选股者之一的美誉。这个名声是当之无愧的。在过去的一年、三年和五年里，方舟的旗舰<b>创新ETF</b>压垮了更广泛的市场。</blockquote></p><p> Given that impressive track record, smart investors may want to keep tabs on what Wood is buying and selling. Recently, she added shares of&nbsp;<b>PagerDuty</b>(NYSE:PD)&nbsp;and&nbsp;<b>UiPath</b>(NYSE:PATH)&nbsp;to ARK's flagship ETF. Here's what you should know about these tech stocks.</p><p><blockquote>鉴于令人印象深刻的业绩记录，精明的投资者可能希望密切关注伍德的买卖情况。最近，她增持了<b>寻呼机任务</b>（纽约证券交易所代码：PD）和<b>UiPath</b>（纽约证券交易所股票代码：PATH）至 ARK 的旗舰 ETF。以下是您应该了解的有关这些科技股的信息。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e31513ae84b50946bda3a4867cf9aacc\" tg-width=\"2000\" tg-height=\"1087\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>1. PagerDuty</b></p><p><blockquote><b>1. 寻呼机任务</b></blockquote></p><p> PagerDuty is the central nervous system for the modern enterprise. Its platform sits at the center of a company's digital ecosystem, collecting data from virtually all systems and devices. Then, by blending those signals with artificial intelligence, PagerDuty helps its clients predict and prevent the downtime of critical services and technologies.</p><p><blockquote>寻呼机是现代企业的中枢神经系统。它的平台位于公司数字生态系统的中心，从几乎所有系统和设备收集数据。然后，通过将这些信号与人工智能相结合，PagerDuty帮助其客户预测和防止关键服务和技术的停机时间。</blockquote></p><p> For example, the PagerDuty platform captures data from application performance-monitoring tools such as&nbsp;<b>Datadog</b>, IT operations hubs such as&nbsp;<b>ServiceNow</b>, public clouds such as&nbsp;<b>Microsoft</b>Azure, customer service software such as&nbsp;<b>Salesforce.com</b>, and communications platforms such as&nbsp;<b>Zoom</b>. And when issues are identified, PagerDuty either triggers automatic remediation or alerts the appropriate people, helping them quickly resolve incidents such as website outages or system failures.</p><p><blockquote>例如，PagerDuty平台从应用程序性能监视工具（如<b>数据狗</b>IT运营中心，如<b>服务现在</b>公共云，例如<b>微软</b>Azure、客户服务软件，例如<b>销售力量网站</b>以及通信平台，例如<b>缩放</b>当发现问题时，PagerDuty会触发自动补救或提醒相关人员，帮助他们快速解决网站中断或系统故障等事件。</blockquote></p><p> As a pioneer in this industry, PagerDuty has 12 years' worth of data and more than 14,100 customers, both of which make the company's artificial-intelligence models more effective. And as new clients join the platform, PagerDuty's data repository will continue to grow, further reinforcing this advantage.</p><p><blockquote>作为这个行业的先驱，PagerDuty拥有12年的数据和超过14100个客户，这两者都使得公司的人工智能模型更加有效。随着新客户加入该平台，PagerDuty的数据存储库将继续增长，进一步巩固这一优势。</blockquote></p><p> Financially, the company has posted solid top-line growth over the past two years. Trailing-12-month revenue has increased from $142.7 million in the second quarter of 2020 to $244.2 million in Q2 of 2022, which ended July 31, with a compound annual growth rate (CAGR) of 31%.</p><p><blockquote>在财务方面，该公司在过去两年中实现了稳健的营收增长。过去12个月的收入从2020年第二季度的1.427亿美元增加到截至7月31日的2022年第二季度的2.442亿美元，复合年增长率（CAGR）为31%。</blockquote></p><p> Investors should note that PagerDuty is still not profitable on a&nbsp;GAAP basis, and the company generated negative free cash flow of $6.4 million over the past 12 months. However, PagerDuty is still in the early stages of growing its business, and management believes the company has captured less than 1%&nbsp;of its market opportunity.</p><p><blockquote>投资者应该注意，PagerDuty 在 GAAP 基础上仍然没有盈利，该公司在过去 12 个月中产生了 640 万美元的负自由现金流。然而，PagerDuty仍处于业务增长的早期阶段，管理层认为该公司抓住的市场机会不到1%。</blockquote></p><p> Here's the bottom line: In an increasingly digital world, delivering a high-quality customer experience is not an option -- it's a necessity. And PagerDuty capitalizes on that fact, helping clients keep their digital ecosystems up and running at all times. Given Wood's focus on innovative technologies such as artificial intelligence, I'm not surprised to see her adding shares of this tech stock to ARK's portfolio.</p><p><blockquote>底线是：在一个日益数字化的世界中，提供高质量的客户体验不是一种选择，而是一种必需品。PagerDuty利用了这一事实，帮助客户始终保持其数字生态系统的正常运行。鉴于伍德对人工智能等创新技术的关注，看到她将这只科技股的股票添加到方舟的投资组合中，我并不感到惊讶。</blockquote></p><p> <b>2. UiPath</b></p><p><blockquote><b>2. UiPath</b></blockquote></p><p> UiPath is on a mission to bring automation to every enterprise. To that end, its platform combines three cutting-edge technologies -- artificial intelligence, low-code development, and robotic process automation -- helping clients build, deploy, and manage software bots capable of automating various processes in place of human employees.</p><p><blockquote>UiPath的使命是为每个企业带来自动化。为此，其平台结合了三种尖端技术——人工智能、低代码开发和机器人流程自动化——帮助客户构建、部署和管理能够代替人类员工自动化各种流程的软件机器人。</blockquote></p><p> To do this, UiPath's bots rely on several types of artificial intelligence, including computer vision, natural language processing, and machine learning. Together, these technologies infuse the bots with the ability to read and understand language, emulate human behavior, and make decisions. In turn, that allows them to automate both simple and complex tasks, such as reviewing emails, completing forms, and extracting data from documents.</p><p><blockquote>为此，UiPath的机器人依赖于几种类型的人工智能，包括计算机视觉、自然语言处理和机器学习。这些技术共同赋予机器人阅读和理解语言、模仿人类行为和做出决策的能力。反过来，这使得他们能够自动化简单和复杂的任务，例如查看电子邮件、填写表格和从文档中提取数据。</blockquote></p><p> One of UiPath's greatest advantages is its partner ecosystem. The company provides prebuilt integrations with hundreds of popular technologies, including&nbsp;<b>Amazon</b>&nbsp;Web Services, Microsoft 365, and Salesforce, meaning clients can quickly automate workflows on these platforms.</p><p><blockquote>UiPath最大的优势之一是它的合作伙伴生态系统。该公司提供与数百种流行技术的预构建集成，包括<b>亚马逊</b>网络服务、微软365和Salesforce，这意味着客户可以在这些平台上快速自动化工作流程。</blockquote></p><p> Because of the scope of the company's mission and its value proposition to clients, UiPath has grown its top line at an impressive pace. Its trailing-12-month revenue has grown from $451.2 million in the second quarter of 2021 to $736.9 million in Q2 of 2022, which ended July 31, for a CAGR of 63%.</p><p><blockquote>由于公司使命的范围及其对客户的价值主张，UiPath 的营收增长令人印象深刻。其过去 12 个月的收入从 2021 年第二季度的 4.512 亿美元增长到截至 7 月 31 日的 2022 年第二季度的 7.369 亿美元，CAGR 为 63%。</blockquote></p><p> Like PagerDuty, UiPath is currently unprofitable on a GAAP basis and is free cash flow negative. But the company has established itself as the industry leader, according to&nbsp;<b>Forrester Research</b>, and it makes sense to reinforce that advantage by investing aggressively in growth. That's exactly what management is doing.</p><p><blockquote>与 PagerDuty 一样，UiPath 目前按 GAAP 计算尚未盈利，并且自由现金流为负。但该公司已确立了自己作为行业领导者的地位<b>福雷斯特研究</b>通过积极投资于增长来巩固这一优势是有意义的。这正是管理层正在做的事情。</blockquote></p><p></p><p> Here's the bottom line: Automation drives efficiency and productivity by freeing human employees to spend their time on more important tasks, something that would benefit virtually every enterprise in the world. And UiPath has the best product on the market. That's why I'm not surprised to see Wood doubling down on this&nbsp;tech stock.</p><p><blockquote>底线是：自动化通过解放人类员工将时间花在更重要的任务上来提高效率和生产力，这将使世界上几乎每个企业受益。UiPath拥有市场上最好的产品。这就是为什么我看到伍德加倍投资这只科技股并不感到惊讶。</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>Cathie Wood's Latest Picks: 2 Stocks She Just Bought<blockquote>Cathie Wood 的最新精选：她刚刚购买的 2 只股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Latest Picks: 2 Stocks She Just Bought<blockquote>Cathie Wood 的最新精选：她刚刚购买的 2 只股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-09-12 09:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>The ARK Innovation ETF has beaten the market over the past one, three, and five years.</li> </ul> </p><p><blockquote><ul><li>ARK Innovation ETF 在过去一年、三年和五年中跑赢了市场。</li></ul></blockquote></p><p> Fund manager Cathie Wood, the founder and CEO of ARK Invest, has earned a reputation as one of Wall Street's best stock pickers. And that reputation is well deserved. Over the past one, three, and five years, ARK's flagship&nbsp;<b>Innovation ETF</b>&nbsp;has crushed the broader market.</p><p><blockquote>ARK Invest 的创始人兼首席执行官、基金经理凯西·伍德 (Cathie Wood) 赢得了华尔街最佳选股者之一的美誉。这个名声是当之无愧的。在过去的一年、三年和五年里，方舟的旗舰<b>创新ETF</b>压垮了更广泛的市场。</blockquote></p><p> Given that impressive track record, smart investors may want to keep tabs on what Wood is buying and selling. Recently, she added shares of&nbsp;<b>PagerDuty</b>(NYSE:PD)&nbsp;and&nbsp;<b>UiPath</b>(NYSE:PATH)&nbsp;to ARK's flagship ETF. Here's what you should know about these tech stocks.</p><p><blockquote>鉴于令人印象深刻的业绩记录，精明的投资者可能希望密切关注伍德的买卖情况。最近，她增持了<b>寻呼机任务</b>（纽约证券交易所代码：PD）和<b>UiPath</b>（纽约证券交易所股票代码：PATH）至 ARK 的旗舰 ETF。以下是您应该了解的有关这些科技股的信息。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e31513ae84b50946bda3a4867cf9aacc\" tg-width=\"2000\" tg-height=\"1087\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>1. PagerDuty</b></p><p><blockquote><b>1. 寻呼机任务</b></blockquote></p><p> PagerDuty is the central nervous system for the modern enterprise. Its platform sits at the center of a company's digital ecosystem, collecting data from virtually all systems and devices. Then, by blending those signals with artificial intelligence, PagerDuty helps its clients predict and prevent the downtime of critical services and technologies.</p><p><blockquote>寻呼机是现代企业的中枢神经系统。它的平台位于公司数字生态系统的中心，从几乎所有系统和设备收集数据。然后，通过将这些信号与人工智能相结合，PagerDuty帮助其客户预测和防止关键服务和技术的停机时间。</blockquote></p><p> For example, the PagerDuty platform captures data from application performance-monitoring tools such as&nbsp;<b>Datadog</b>, IT operations hubs such as&nbsp;<b>ServiceNow</b>, public clouds such as&nbsp;<b>Microsoft</b>Azure, customer service software such as&nbsp;<b>Salesforce.com</b>, and communications platforms such as&nbsp;<b>Zoom</b>. And when issues are identified, PagerDuty either triggers automatic remediation or alerts the appropriate people, helping them quickly resolve incidents such as website outages or system failures.</p><p><blockquote>例如，PagerDuty平台从应用程序性能监视工具（如<b>数据狗</b>IT运营中心，如<b>服务现在</b>公共云，例如<b>微软</b>Azure、客户服务软件，例如<b>销售力量网站</b>以及通信平台，例如<b>缩放</b>当发现问题时，PagerDuty会触发自动补救或提醒相关人员，帮助他们快速解决网站中断或系统故障等事件。</blockquote></p><p> As a pioneer in this industry, PagerDuty has 12 years' worth of data and more than 14,100 customers, both of which make the company's artificial-intelligence models more effective. And as new clients join the platform, PagerDuty's data repository will continue to grow, further reinforcing this advantage.</p><p><blockquote>作为这个行业的先驱，PagerDuty拥有12年的数据和超过14100个客户，这两者都使得公司的人工智能模型更加有效。随着新客户加入该平台，PagerDuty的数据存储库将继续增长，进一步巩固这一优势。</blockquote></p><p> Financially, the company has posted solid top-line growth over the past two years. Trailing-12-month revenue has increased from $142.7 million in the second quarter of 2020 to $244.2 million in Q2 of 2022, which ended July 31, with a compound annual growth rate (CAGR) of 31%.</p><p><blockquote>在财务方面，该公司在过去两年中实现了稳健的营收增长。过去12个月的收入从2020年第二季度的1.427亿美元增加到截至7月31日的2022年第二季度的2.442亿美元，复合年增长率（CAGR）为31%。</blockquote></p><p> Investors should note that PagerDuty is still not profitable on a&nbsp;GAAP basis, and the company generated negative free cash flow of $6.4 million over the past 12 months. However, PagerDuty is still in the early stages of growing its business, and management believes the company has captured less than 1%&nbsp;of its market opportunity.</p><p><blockquote>投资者应该注意，PagerDuty 在 GAAP 基础上仍然没有盈利，该公司在过去 12 个月中产生了 640 万美元的负自由现金流。然而，PagerDuty仍处于业务增长的早期阶段，管理层认为该公司抓住的市场机会不到1%。</blockquote></p><p> Here's the bottom line: In an increasingly digital world, delivering a high-quality customer experience is not an option -- it's a necessity. And PagerDuty capitalizes on that fact, helping clients keep their digital ecosystems up and running at all times. Given Wood's focus on innovative technologies such as artificial intelligence, I'm not surprised to see her adding shares of this tech stock to ARK's portfolio.</p><p><blockquote>底线是：在一个日益数字化的世界中，提供高质量的客户体验不是一种选择，而是一种必需品。PagerDuty利用了这一事实，帮助客户始终保持其数字生态系统的正常运行。鉴于伍德对人工智能等创新技术的关注，看到她将这只科技股的股票添加到方舟的投资组合中，我并不感到惊讶。</blockquote></p><p> <b>2. UiPath</b></p><p><blockquote><b>2. UiPath</b></blockquote></p><p> UiPath is on a mission to bring automation to every enterprise. To that end, its platform combines three cutting-edge technologies -- artificial intelligence, low-code development, and robotic process automation -- helping clients build, deploy, and manage software bots capable of automating various processes in place of human employees.</p><p><blockquote>UiPath的使命是为每个企业带来自动化。为此，其平台结合了三种尖端技术——人工智能、低代码开发和机器人流程自动化——帮助客户构建、部署和管理能够代替人类员工自动化各种流程的软件机器人。</blockquote></p><p> To do this, UiPath's bots rely on several types of artificial intelligence, including computer vision, natural language processing, and machine learning. Together, these technologies infuse the bots with the ability to read and understand language, emulate human behavior, and make decisions. In turn, that allows them to automate both simple and complex tasks, such as reviewing emails, completing forms, and extracting data from documents.</p><p><blockquote>为此，UiPath的机器人依赖于几种类型的人工智能，包括计算机视觉、自然语言处理和机器学习。这些技术共同赋予机器人阅读和理解语言、模仿人类行为和做出决策的能力。反过来，这使得他们能够自动化简单和复杂的任务，例如查看电子邮件、填写表格和从文档中提取数据。</blockquote></p><p> One of UiPath's greatest advantages is its partner ecosystem. The company provides prebuilt integrations with hundreds of popular technologies, including&nbsp;<b>Amazon</b>&nbsp;Web Services, Microsoft 365, and Salesforce, meaning clients can quickly automate workflows on these platforms.</p><p><blockquote>UiPath最大的优势之一是它的合作伙伴生态系统。该公司提供与数百种流行技术的预构建集成，包括<b>亚马逊</b>网络服务、微软365和Salesforce，这意味着客户可以在这些平台上快速自动化工作流程。</blockquote></p><p> Because of the scope of the company's mission and its value proposition to clients, UiPath has grown its top line at an impressive pace. Its trailing-12-month revenue has grown from $451.2 million in the second quarter of 2021 to $736.9 million in Q2 of 2022, which ended July 31, for a CAGR of 63%.</p><p><blockquote>由于公司使命的范围及其对客户的价值主张，UiPath 的营收增长令人印象深刻。其过去 12 个月的收入从 2021 年第二季度的 4.512 亿美元增长到截至 7 月 31 日的 2022 年第二季度的 7.369 亿美元，CAGR 为 63%。</blockquote></p><p> Like PagerDuty, UiPath is currently unprofitable on a GAAP basis and is free cash flow negative. But the company has established itself as the industry leader, according to&nbsp;<b>Forrester Research</b>, and it makes sense to reinforce that advantage by investing aggressively in growth. That's exactly what management is doing.</p><p><blockquote>与 PagerDuty 一样，UiPath 目前按 GAAP 计算尚未盈利，并且自由现金流为负。但该公司已确立了自己作为行业领导者的地位<b>福雷斯特研究</b>通过积极投资于增长来巩固这一优势是有意义的。这正是管理层正在做的事情。</blockquote></p><p></p><p> Here's the bottom line: Automation drives efficiency and productivity by freeing human employees to spend their time on more important tasks, something that would benefit virtually every enterprise in the world. And UiPath has the best product on the market. That's why I'm not surprised to see Wood doubling down on this&nbsp;tech stock.</p><p><blockquote>底线是：自动化通过解放人类员工将时间花在更重要的任务上来提高效率和生产力，这将使世界上几乎每个企业受益。UiPath拥有市场上最好的产品。这就是为什么我看到伍德加倍投资这只科技股并不感到惊讶。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/09/11/cathie-woods-lastest-picks-2-hot-stocks-she-bought/\">Motley Fool</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":{"ARKK":"ARK Innovation ETF","PD":"PagerDuty, Inc.","ARKW":"ARK Next Generation Internet ETF","PATH":"UiPath","ARKG":"ARK Genomic Revolution ETF"},"source_url":"https://www.fool.com/investing/2021/09/11/cathie-woods-lastest-picks-2-hot-stocks-she-bought/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147481023","content_text":"Key Points\n\nThe ARK Innovation ETF has beaten the market over the past one, three, and five years.\n\n\nFund manager Cathie Wood, the founder and CEO of ARK Invest, has earned a reputation as one of Wall Street's best stock pickers. And that reputation is well deserved. Over the past one, three, and five years, ARK's flagship Innovation ETF has crushed the broader market.\nGiven that impressive track record, smart investors may want to keep tabs on what Wood is buying and selling. Recently, she added shares of PagerDuty(NYSE:PD) and UiPath(NYSE:PATH) to ARK's flagship ETF. Here's what you should know about these tech stocks.\nIMAGE SOURCE: GETTY IMAGES.\n1. PagerDuty\nPagerDuty is the central nervous system for the modern enterprise. Its platform sits at the center of a company's digital ecosystem, collecting data from virtually all systems and devices. Then, by blending those signals with artificial intelligence, PagerDuty helps its clients predict and prevent the downtime of critical services and technologies.\nFor example, the PagerDuty platform captures data from application performance-monitoring tools such as Datadog, IT operations hubs such as ServiceNow, public clouds such as MicrosoftAzure, customer service software such as Salesforce.com, and communications platforms such as Zoom. And when issues are identified, PagerDuty either triggers automatic remediation or alerts the appropriate people, helping them quickly resolve incidents such as website outages or system failures.\nAs a pioneer in this industry, PagerDuty has 12 years' worth of data and more than 14,100 customers, both of which make the company's artificial-intelligence models more effective. And as new clients join the platform, PagerDuty's data repository will continue to grow, further reinforcing this advantage.\nFinancially, the company has posted solid top-line growth over the past two years. Trailing-12-month revenue has increased from $142.7 million in the second quarter of 2020 to $244.2 million in Q2 of 2022, which ended July 31, with a compound annual growth rate (CAGR) of 31%.\nInvestors should note that PagerDuty is still not profitable on a GAAP basis, and the company generated negative free cash flow of $6.4 million over the past 12 months. However, PagerDuty is still in the early stages of growing its business, and management believes the company has captured less than 1% of its market opportunity.\nHere's the bottom line: In an increasingly digital world, delivering a high-quality customer experience is not an option -- it's a necessity. And PagerDuty capitalizes on that fact, helping clients keep their digital ecosystems up and running at all times. Given Wood's focus on innovative technologies such as artificial intelligence, I'm not surprised to see her adding shares of this tech stock to ARK's portfolio.\n2. UiPath\nUiPath is on a mission to bring automation to every enterprise. To that end, its platform combines three cutting-edge technologies -- artificial intelligence, low-code development, and robotic process automation -- helping clients build, deploy, and manage software bots capable of automating various processes in place of human employees.\nTo do this, UiPath's bots rely on several types of artificial intelligence, including computer vision, natural language processing, and machine learning. Together, these technologies infuse the bots with the ability to read and understand language, emulate human behavior, and make decisions. In turn, that allows them to automate both simple and complex tasks, such as reviewing emails, completing forms, and extracting data from documents.\nOne of UiPath's greatest advantages is its partner ecosystem. The company provides prebuilt integrations with hundreds of popular technologies, including Amazon Web Services, Microsoft 365, and Salesforce, meaning clients can quickly automate workflows on these platforms.\nBecause of the scope of the company's mission and its value proposition to clients, UiPath has grown its top line at an impressive pace. Its trailing-12-month revenue has grown from $451.2 million in the second quarter of 2021 to $736.9 million in Q2 of 2022, which ended July 31, for a CAGR of 63%.\nLike PagerDuty, UiPath is currently unprofitable on a GAAP basis and is free cash flow negative. But the company has established itself as the industry leader, according to Forrester Research, and it makes sense to reinforce that advantage by investing aggressively in growth. That's exactly what management is doing.\nHere's the bottom line: Automation drives efficiency and productivity by freeing human employees to spend their time on more important tasks, something that would benefit virtually every enterprise in the world. And UiPath has the best product on the market. That's why I'm not surprised to see Wood doubling down on this tech stock.","news_type":1,"symbols_score_info":{"PATH":0.9,"ARKK":0.9,"PD":0.9,"ARKW":0.9,"ARKG":0.9}},"isVote":1,"tweetType":1,"viewCount":2443,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139565945,"gmtCreate":1621645493187,"gmtModify":1634187469167,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560893220281291","idStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Great! Like and comment please&nbsp;","listText":"Great! Like and comment please&nbsp;","text":"Great! Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/139565945","repostId":"2137906121","repostType":4,"isVote":1,"tweetType":1,"viewCount":576,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196007733,"gmtCreate":1620997484322,"gmtModify":1634194692842,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560893220281291","idStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Let’s go! Like and comment please&nbsp;","listText":"Let’s go! Like and comment please&nbsp;","text":"Let’s go! Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/196007733","repostId":"1197630232","repostType":4,"repost":{"id":"1197630232","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1620994115,"share":"https://www.laohunote.com/m/news/1197630232?lang=zh_CN&edition=full","pubTime":"2021-05-14 20:08","market":"us","language":"en","title":"Toplines Before US Market Open on Friday<blockquote>周五美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1197630232","media":"Tiger Newspress","summary":" Futures contracts tied to major stock indexesjumped in early trading Fridayas Wall Street is set to rebound for a second day after starting the week with big losses. Dow Jones Industrial Average futures climbed 150 points. S&P 500 futures gained 0.6%. Futures on the tech-heavy Nasdaq 100 Index, the relative underperformer this week, popped 1%.All three benchmarks are still on pace to post sharp losses for the week, with the Dow down 2.2% and the S&P shedding 2.8%. Tech stocks have been hit espe","content":"<p><ul><li>Stock futures extend gains after Dow's best day since March.</li><li>Bitcoin traded above $50,000.</li><li>Blockchain&nbsp;stocks,&nbsp;Tech&nbsp;stocks&nbsp;rally&nbsp;in&nbsp;premarket&nbsp;trading.</li><li>Disney, DoorDash, Snowflake, Fisker &amp; more making the biggest moves in the premarket.</li><li>Dogecoin rallies after Elon Musk tweet, Coinbase listing.</li></ul>(May 14)&nbsp;Futures contracts tied to major stock indexesjumped in early trading Fridayas Wall Street is set to rebound for a second day after starting the week with big losses. Dow Jones Industrial Average futures climbed 150 points. S&amp;P 500 futures gained 0.6%. Futures on the tech-heavy Nasdaq 100 Index, the relative underperformer this week, popped 1%.</p><p><blockquote><ul><li>道琼斯指数创下三月份以来最好的一天后，股票期货延续涨幅。</li><li>比特币的交易价格超过 50,000 美元。</li><li>区块链股票、科技股在盘前交易中上涨。</li><li>迪士尼、DoorDash、Snowflake、Fisker &amp; more 在市场前做出了最大的动作。</li><li>埃隆·马斯克发推文、比特币基地上市后狗狗币上涨。</li></ul>（5月14日）与主要股指挂钩的期货合约在周五早盘交易中上涨，因为华尔街在本周开始大幅亏损后将连续第二天反弹。道琼斯工业平均指数期货上涨150点。标普500期货上涨0.6%。本周表现相对不佳的科技股纳斯达克 100 指数期货上涨 1%。</blockquote></p><p>All three benchmarks are still on pace to post sharp losses for the week, with the Dow down 2.2% and the S&amp;P shedding 2.8%. Tech stocks have been hit especially hard amid hotter-than-expected inflation data, pulling the Nasdaq down 4.6% for the week.</p><p><blockquote>所有三个基准指数本周仍有望大幅下跌，道琼斯指数下跌 2.2%，标准普尔指数下跌 2.8%。由于通胀数据高于预期，科技股受到的打击尤为严重，导致纳斯达克本周下跌 4.6%。</blockquote></p><p>At 8:03 a.m. ET, Dow E-minis were up 171 points, or 0.50%, S&amp;P 500 E-minis were up 27.75 points, or 0.68% and Nasdaq 100 E-minis were up 142.50 points, or 1.09%.</p><p><blockquote>美国东部时间上午 8:03，道琼斯电子迷你指数上涨 171 点，涨幅 0.50%，标普500电子迷你指数上涨 27.75 点，涨幅 0.68%，纳斯达克 100 电子迷你指数上涨 142.50 点，涨幅 1.09%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/fff7d1b70fcf5d6f7637c65743dfdb01\" tg-width=\"1242\" tg-height=\"491\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Blockchain&nbsp;stocks,&nbsp;Tech&nbsp;stocks&nbsp;rally&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>区块链股票、科技股在盘前交易中上涨。</blockquote></p><p><img src=\"https://static.tigerbbs.com/644f610cd528141eed1d81ae52393199\" tg-width=\"324\" tg-height=\"323\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/4fadb30b15175c64bc2684dbd8720772\" tg-width=\"327\" tg-height=\"594\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/42044defa599e3e6dee013fdfafaeaee\" tg-width=\"333\" tg-height=\"321\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Stocks making the biggest moves in the premarket: Disney, DoorDash, Snowflake, Fisker &amp; more</b></p><p><blockquote><b>盘前涨幅最大的股票：迪士尼、DoorDash、雪花、Fisker 等</b></blockquote></p><p><b>1)&nbsp;Walt Disney(DIS) </b>– Disney shares dropped 3.9% in premarket trading after growth figures for the Disney+ streaming servicefell short of Wall Street predictions. Disney reported better-than-expected profit for the first quarter, but revenue was short of analysts’ forecasts.</p><p><blockquote><b>1）华特·迪士尼（DIS）</b>– 迪士尼+流媒体服务的增长数据低于华尔街预测后，迪士尼股价在盘前交易中下跌 3.9%。迪士尼公布的第一季度利润好于预期，但收入低于分析师的预期。</blockquote></p><p><b>2)&nbsp;DoorDash(DASH)</b> – DoorDash surged 8.2% in the premarket afterfirst-quarter revenue came in above analysts’ forecasts, and the food delivery service raised its annual forecast for order value. First-quarter results got a boost from stimulus checks, although the company said those same checks were responsible for drivers working fewer hours.</p><p><blockquote><b>2) DoorDash（破折号）</b>- DoorDash 在第一季度营收高于分析师预期后，盘前大涨 8.2%，这家食品配送服务公司上调了年度订单价值预测。刺激检查提振了第一季度的业绩，尽管该公司表示，这些检查导致司机工作时间减少。</blockquote></p><p><b>3)&nbsp;Snowflake(SNOW)</b> – The cloud computing company was upgraded to \"buy\" from \"neutral\" at Goldman Sachs, which notes the Snowflake's strong competitive position, as well as a drop from recent highs that is much larger than its peers have experienced. Snowflake jumped 5.7% in premarket trading.</p><p><blockquote><b>3）雪花（雪）</b>– 高盛将这家云计算公司的评级从“中性”上调至“买入”，高盛指出 Snowflake 具有强大的竞争地位，并且从近期高点的跌幅比其同行经历的要大得多。Snowflake 在盘前交易中上涨 5.7%。</blockquote></p><p><b>4)&nbsp;Airbnb(ABNB)</b> – Airbnbposted a first-quarter loss, but it also reported better-than-expected revenue as well a 52% jump in gross bookings as more Americans received Covid-19 vaccinations and travel restrictions eased.</p><p><blockquote><b>4）爱彼迎（ABNB）</b>– Airbnb 公布第一季度亏损，但随着更多美国人接种 Covid-19 疫苗和旅行限制放松，其收入也好于预期，总预订量增长了 52%。</blockquote></p><p><b>5)&nbsp;Coinbase(COIN)</b> – Coinbasereported record profitduring the first quarter, as the cryptocurrency exchange benefited from a significant rally in bitcoin and other digital currencies. Coinbase shares rose 2.3% in premarket action.</p><p><blockquote><b>5) 比特币基地（硬币）</b>– Coinbase 报告第一季度利润创纪录，因为这家加密货币交易所受益于比特币和其他数字货币的大幅上涨。Coinbase 股价在盘前上涨 2.3%。</blockquote></p><p><b>6)&nbsp;Kansas City Southern(KSU)</b> – The U.S.-based rail operator acceptedCanadian National Railway’s(CNI) $33.6 billion takeover bid, casting aside the $29 billion deal it had previously agreed to withCanadian Pacific Railway(CP). Canadian Pacific has five business days to make a counter-offer for Kansas City Southern. Canadian National added 2.9% in premarket trading, while Canadian Pacific rose 1.6%.</p><p><blockquote><b>6) 堪萨斯城南部（KSU）</b>- 这家总部位于美国的铁路运营商接受了加拿大国家铁路公司（CNI）336 亿美元的收购要约，放弃了之前与加拿大太平洋铁路公司（CP）达成的 290 亿美元交易。加拿大太平洋航空有五个工作日的时间对堪萨斯城南方航空提出还价。加拿大国家航空在盘前交易中上涨 2.9%，而加拿大太平洋航空上涨 1.6%。</blockquote></p><p><b>7)&nbsp;Tyson Foods(TSN)</b> – The beef and poultry producer sold its pet treats business toGeneral Mills(GIS) for $1.2 billion. The sale includes the Nudges, Top Chews and True Chews brands as well as an Iowa production facility.</p><p><blockquote><b>7) 泰森食品 (TSN)</b>– 这家牛肉和家禽生产商以 12 亿美元的价格将其宠物食品业务出售给通用磨坊 (GIS)。此次出售包括 Nudges、Top Chews 和 True Chews 品牌以及爱荷华州的生产设施。</blockquote></p><p><b>8)&nbsp;General Electric(GE) </b>– Citi reinstated coverage of GE with a “buy” rating, based on a “sum of the parts” valuation and better execution across GE’s portfolio of businesses. GE shares added 1.1% in premarket trading.</p><p><blockquote><b>8) 通用电气(GE)</b>- 花旗恢复了对通用电气的 “买入 ”评级，基于 “各部分之和 ”的估值以及通用电气业务组合更好的执行力。GE 股价在盘前交易中上涨 1.1%。</blockquote></p><p><b>9)&nbsp;Aurora Cannabis(ACB)</b> – Aurora Cannabis tumbled 8.7% in premarket action after it reported lower-than-expected fiscal third-quarter revenue, hit by pandemic-related restrictions in Canada. Separately, the cannabis producer announced a move in its U.S. stock listing to Nasdaq from the New York Stock Exchange, citing lower costs.</p><p><blockquote><b>9) 奥罗拉大麻（ACB）</b>– 受加拿大大流行相关限制的影响，Aurora Cannabis 公布第三财季收入低于预期，该公司在盘前交易中暴跌 8.7%。另外，这家大麻生产商宣布将其美国股票上市从纽约证券交易所转移到纳斯达克，理由是成本较低。</blockquote></p><p><b>10)&nbsp;Fisker(FSR) </b>– Fisker soared 14.5% in premarket trading after the electric car maker signed a deal with contract manufacturer Foxconn to co-develop electric vehicles. Plans include opening a new U.S. manufacturing plant in 2023, although a location has not yet been finalized.</p><p><blockquote><b>10) 菲斯克（FSR）</b>– 电动汽车制造商菲斯克与合同制造商富士康签署共同开发电动汽车的协议后，该公司在盘前交易中飙升 14.5%。计划包括在 2023 年开设一家新的美国制造工厂，但选址尚未最终确定。</blockquote></p><p></p><p><b>11)&nbsp;Poly(PLT) </b>– Poly tumbled 19.5% in the premarket after the maker of audio and video products issued a weaker than expected outlook. The company formerly known as Plantronics said it expected the global semiconductor shortage to negatively impact its supply chain. It did, however, report better-than-expected profit and revenue for its latest quarter.</p><p><blockquote><b>11) 聚(PLT)</b>– 音视频产品制造商保利发布弱于预期的展望后，盘前股价下跌 19.5%。这家前身为Plantronics的公司表示，预计全球半导体短缺将对其供应链产生负面影响。然而，该公司最近一个季度的利润和收入确实好于预期。</blockquote></p><p><b>12)&nbsp;Unity Software(U)</b> – The 3D content creation platform company rose 3.2% in the premarket after Oppenheimer upgraded the stock to “outperform” from “perform.” Oppenheimer said the current price is an attractive entry point given Unity’s growth prospects.</p><p><blockquote><b>12) Unity 软件</b>- 这家 3D 内容创作平台公司在盘前上涨 3.2%，此前奥本海默将该股评级从 “表现 ”上调至 “跑赢大盘”。奥本海默说，鉴于 Unity 的增长前景，目前的价格是一个有吸引力的切入点。</blockquote></p><p><b>Bitcoin</b></p><p><blockquote><b>比特币</b></blockquote></p><p>Bitcoin traded above $50,000, reversing some of its slump on Tesla Inc.’s decision to suspend purchases using the digital currency.</p><p><blockquote>比特币的交易价格突破了 5 万美元，扭转了因特斯拉公司决定暂停使用数字货币购买而导致的部分下跌局面。</blockquote></p><p><img src=\"https://static.tigerbbs.com/e0a3d7f82a1e4f6f6a799cb997a7718c\" tg-width=\"1058\" tg-height=\"777\" referrerpolicy=\"no-referrer\"><b>Dogecoin rallies after Elon Musk tweet, Coinbase listing.</b>&nbsp;Dogecoin’s price jumped Friday after a tweet from supporterElon Muskand asCoinbase&nbsp;said it would list the meme-inspired cryptocurrency. The price of dogecoinrose to an intraday highof around 56 cents, according to data from Coin Metrics. However, it’s still down about 20% from arecord high&nbsp;of nearly 67 cents only a week ago. Musk tweeted Thursday that he was working with dogecoin developers to improve the efficiency of transactions. Also Thursday, crypto exchange platform Coinbase said it wouldoffer dogecoin support&nbsp;in the next six to eight weeks.</p><p><blockquote><b>埃隆·马斯克发推文、比特币基地上市后狗狗币上涨。</b>支持者埃隆-马斯克（Elon Muskand）和 Scoinbase 在推特上表示将上市这种受备忘录启发的加密货币，狗狗币的价格周五大涨。根据 Coin Metrics 的数据，狗狗币价格上涨至盘中高点 56 美分左右。不过，仍比一周前创下的近 67 美分的历史新高下跌了约 20%。马斯克周四在推特上表示，他正在与狗狗币开发者合作，以提高交易效率。同样在周四，加密货币交易平台 Coinbase 表示将在未来六到八周内提供狗狗币支持。</blockquote></p><p><b>Currencies</b></p><p><blockquote><b>货币</b></blockquote></p><p>The Bloomberg Dollar Spot Index fell 0.3%.The euro gained 0.4% to $1.2125.The British pound increased 0.2% to $1.4085.The onshore yuan strengthened 0.2% to 6.436 per dollar.The Japanese yen strengthened 0.2% to 109.28 per dollar.</p><p><blockquote>彭博美元现货指数下跌0.3%。欧元上涨0.4%，至1.2125美元。英镑上涨0.2%，至1.4085美元。在岸人民币升值0.2%，至1美元兑6.436。日元升值0.2%，至1美元兑109.28。</blockquote></p><p><b>Bonds</b></p><p><blockquote><b>债券</b></blockquote></p><p>The yield on 10-year Treasuries fell two basis points to 1.64%.The yield on two-year Treasuries decreased less than one basis point to 0.15%.Germany’s 10-year yield declined one basis point to -0.13%.Japan’s 10-year yield dipped one basis point to 0.089%.Britain’s 10-year yield decreased three basis points to 0.866%.</p><p><blockquote>10年期国债收益率下降两个基点至1.64%。两年期国债收益率下降不到一个基点至0.15%。德国10年期国债收益率下降一个基点至-0.13%。日本10年期国债收益率下降一个基点至0.089%。英国10年期国债收益率下降三个基点至0.866%。</blockquote></p><p><b>Commodities</b></p><p><blockquote><b>商品</b></blockquote></p><p>West Texas Intermediate crude increased 1.1% to $64.54 a barrel.Brent crude climbed 1.2% to $67.86 a barrel.Gold strengthened 0.5% to $1,836.10 an ounce.</p><p><blockquote>西德克萨斯中质原油上涨 1.1%，至每桶 64.54 美元。布伦特原油上涨 1.2%，至每桶 67.86 美元。黄金上涨 0.5%，至每盎司 1,836.10 美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nToplines Before US Market Open on Friday<blockquote>周五美国市场开盘前的顶线</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-05-14 20:08</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><ul><li>Stock futures extend gains after Dow's best day since March.</li><li>Bitcoin traded above $50,000.</li><li>Blockchain&nbsp;stocks,&nbsp;Tech&nbsp;stocks&nbsp;rally&nbsp;in&nbsp;premarket&nbsp;trading.</li><li>Disney, DoorDash, Snowflake, Fisker &amp; more making the biggest moves in the premarket.</li><li>Dogecoin rallies after Elon Musk tweet, Coinbase listing.</li></ul>(May 14)&nbsp;Futures contracts tied to major stock indexesjumped in early trading Fridayas Wall Street is set to rebound for a second day after starting the week with big losses. Dow Jones Industrial Average futures climbed 150 points. S&amp;P 500 futures gained 0.6%. Futures on the tech-heavy Nasdaq 100 Index, the relative underperformer this week, popped 1%.</p><p><blockquote><ul><li>道琼斯指数创下三月份以来最好的一天后，股票期货延续涨幅。</li><li>比特币的交易价格超过 50,000 美元。</li><li>区块链股票、科技股在盘前交易中上涨。</li><li>迪士尼、DoorDash、Snowflake、Fisker &amp; more 在市场前做出了最大的动作。</li><li>埃隆·马斯克发推文、比特币基地上市后狗狗币上涨。</li></ul>（5月14日）与主要股指挂钩的期货合约在周五早盘交易中上涨，因为华尔街在本周开始大幅亏损后将连续第二天反弹。道琼斯工业平均指数期货上涨150点。标普500期货上涨0.6%。本周表现相对不佳的科技股纳斯达克 100 指数期货上涨 1%。</blockquote></p><p>All three benchmarks are still on pace to post sharp losses for the week, with the Dow down 2.2% and the S&amp;P shedding 2.8%. Tech stocks have been hit especially hard amid hotter-than-expected inflation data, pulling the Nasdaq down 4.6% for the week.</p><p><blockquote>所有三个基准指数本周仍有望大幅下跌，道琼斯指数下跌 2.2%，标准普尔指数下跌 2.8%。由于通胀数据高于预期，科技股受到的打击尤为严重，导致纳斯达克本周下跌 4.6%。</blockquote></p><p>At 8:03 a.m. ET, Dow E-minis were up 171 points, or 0.50%, S&amp;P 500 E-minis were up 27.75 points, or 0.68% and Nasdaq 100 E-minis were up 142.50 points, or 1.09%.</p><p><blockquote>美国东部时间上午 8:03，道琼斯电子迷你指数上涨 171 点，涨幅 0.50%，标普500电子迷你指数上涨 27.75 点，涨幅 0.68%，纳斯达克 100 电子迷你指数上涨 142.50 点，涨幅 1.09%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/fff7d1b70fcf5d6f7637c65743dfdb01\" tg-width=\"1242\" tg-height=\"491\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Blockchain&nbsp;stocks,&nbsp;Tech&nbsp;stocks&nbsp;rally&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>区块链股票、科技股在盘前交易中上涨。</blockquote></p><p><img src=\"https://static.tigerbbs.com/644f610cd528141eed1d81ae52393199\" tg-width=\"324\" tg-height=\"323\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/4fadb30b15175c64bc2684dbd8720772\" tg-width=\"327\" tg-height=\"594\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/42044defa599e3e6dee013fdfafaeaee\" tg-width=\"333\" tg-height=\"321\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Stocks making the biggest moves in the premarket: Disney, DoorDash, Snowflake, Fisker &amp; more</b></p><p><blockquote><b>盘前涨幅最大的股票：迪士尼、DoorDash、雪花、Fisker 等</b></blockquote></p><p><b>1)&nbsp;Walt Disney(DIS) </b>– Disney shares dropped 3.9% in premarket trading after growth figures for the Disney+ streaming servicefell short of Wall Street predictions. Disney reported better-than-expected profit for the first quarter, but revenue was short of analysts’ forecasts.</p><p><blockquote><b>1）华特·迪士尼（DIS）</b>– 迪士尼+流媒体服务的增长数据低于华尔街预测后，迪士尼股价在盘前交易中下跌 3.9%。迪士尼公布的第一季度利润好于预期，但收入低于分析师的预期。</blockquote></p><p><b>2)&nbsp;DoorDash(DASH)</b> – DoorDash surged 8.2% in the premarket afterfirst-quarter revenue came in above analysts’ forecasts, and the food delivery service raised its annual forecast for order value. First-quarter results got a boost from stimulus checks, although the company said those same checks were responsible for drivers working fewer hours.</p><p><blockquote><b>2) DoorDash（破折号）</b>- DoorDash 在第一季度营收高于分析师预期后，盘前大涨 8.2%，这家食品配送服务公司上调了年度订单价值预测。刺激检查提振了第一季度的业绩，尽管该公司表示，这些检查导致司机工作时间减少。</blockquote></p><p><b>3)&nbsp;Snowflake(SNOW)</b> – The cloud computing company was upgraded to \"buy\" from \"neutral\" at Goldman Sachs, which notes the Snowflake's strong competitive position, as well as a drop from recent highs that is much larger than its peers have experienced. Snowflake jumped 5.7% in premarket trading.</p><p><blockquote><b>3）雪花（雪）</b>– 高盛将这家云计算公司的评级从“中性”上调至“买入”，高盛指出 Snowflake 具有强大的竞争地位，并且从近期高点的跌幅比其同行经历的要大得多。Snowflake 在盘前交易中上涨 5.7%。</blockquote></p><p><b>4)&nbsp;Airbnb(ABNB)</b> – Airbnbposted a first-quarter loss, but it also reported better-than-expected revenue as well a 52% jump in gross bookings as more Americans received Covid-19 vaccinations and travel restrictions eased.</p><p><blockquote><b>4）爱彼迎（ABNB）</b>– Airbnb 公布第一季度亏损，但随着更多美国人接种 Covid-19 疫苗和旅行限制放松，其收入也好于预期，总预订量增长了 52%。</blockquote></p><p><b>5)&nbsp;Coinbase(COIN)</b> – Coinbasereported record profitduring the first quarter, as the cryptocurrency exchange benefited from a significant rally in bitcoin and other digital currencies. Coinbase shares rose 2.3% in premarket action.</p><p><blockquote><b>5) 比特币基地（硬币）</b>– Coinbase 报告第一季度利润创纪录，因为这家加密货币交易所受益于比特币和其他数字货币的大幅上涨。Coinbase 股价在盘前上涨 2.3%。</blockquote></p><p><b>6)&nbsp;Kansas City Southern(KSU)</b> – The U.S.-based rail operator acceptedCanadian National Railway’s(CNI) $33.6 billion takeover bid, casting aside the $29 billion deal it had previously agreed to withCanadian Pacific Railway(CP). Canadian Pacific has five business days to make a counter-offer for Kansas City Southern. Canadian National added 2.9% in premarket trading, while Canadian Pacific rose 1.6%.</p><p><blockquote><b>6) 堪萨斯城南部（KSU）</b>- 这家总部位于美国的铁路运营商接受了加拿大国家铁路公司（CNI）336 亿美元的收购要约，放弃了之前与加拿大太平洋铁路公司（CP）达成的 290 亿美元交易。加拿大太平洋航空有五个工作日的时间对堪萨斯城南方航空提出还价。加拿大国家航空在盘前交易中上涨 2.9%，而加拿大太平洋航空上涨 1.6%。</blockquote></p><p><b>7)&nbsp;Tyson Foods(TSN)</b> – The beef and poultry producer sold its pet treats business toGeneral Mills(GIS) for $1.2 billion. The sale includes the Nudges, Top Chews and True Chews brands as well as an Iowa production facility.</p><p><blockquote><b>7) 泰森食品 (TSN)</b>– 这家牛肉和家禽生产商以 12 亿美元的价格将其宠物食品业务出售给通用磨坊 (GIS)。此次出售包括 Nudges、Top Chews 和 True Chews 品牌以及爱荷华州的生产设施。</blockquote></p><p><b>8)&nbsp;General Electric(GE) </b>– Citi reinstated coverage of GE with a “buy” rating, based on a “sum of the parts” valuation and better execution across GE’s portfolio of businesses. GE shares added 1.1% in premarket trading.</p><p><blockquote><b>8) 通用电气(GE)</b>- 花旗恢复了对通用电气的 “买入 ”评级，基于 “各部分之和 ”的估值以及通用电气业务组合更好的执行力。GE 股价在盘前交易中上涨 1.1%。</blockquote></p><p><b>9)&nbsp;Aurora Cannabis(ACB)</b> – Aurora Cannabis tumbled 8.7% in premarket action after it reported lower-than-expected fiscal third-quarter revenue, hit by pandemic-related restrictions in Canada. Separately, the cannabis producer announced a move in its U.S. stock listing to Nasdaq from the New York Stock Exchange, citing lower costs.</p><p><blockquote><b>9) 奥罗拉大麻（ACB）</b>– 受加拿大大流行相关限制的影响，Aurora Cannabis 公布第三财季收入低于预期，该公司在盘前交易中暴跌 8.7%。另外，这家大麻生产商宣布将其美国股票上市从纽约证券交易所转移到纳斯达克，理由是成本较低。</blockquote></p><p><b>10)&nbsp;Fisker(FSR) </b>– Fisker soared 14.5% in premarket trading after the electric car maker signed a deal with contract manufacturer Foxconn to co-develop electric vehicles. Plans include opening a new U.S. manufacturing plant in 2023, although a location has not yet been finalized.</p><p><blockquote><b>10) 菲斯克（FSR）</b>– 电动汽车制造商菲斯克与合同制造商富士康签署共同开发电动汽车的协议后，该公司在盘前交易中飙升 14.5%。计划包括在 2023 年开设一家新的美国制造工厂，但选址尚未最终确定。</blockquote></p><p></p><p><b>11)&nbsp;Poly(PLT) </b>– Poly tumbled 19.5% in the premarket after the maker of audio and video products issued a weaker than expected outlook. The company formerly known as Plantronics said it expected the global semiconductor shortage to negatively impact its supply chain. It did, however, report better-than-expected profit and revenue for its latest quarter.</p><p><blockquote><b>11) 聚(PLT)</b>– 音视频产品制造商保利发布弱于预期的展望后，盘前股价下跌 19.5%。这家前身为Plantronics的公司表示，预计全球半导体短缺将对其供应链产生负面影响。然而，该公司最近一个季度的利润和收入确实好于预期。</blockquote></p><p><b>12)&nbsp;Unity Software(U)</b> – The 3D content creation platform company rose 3.2% in the premarket after Oppenheimer upgraded the stock to “outperform” from “perform.” Oppenheimer said the current price is an attractive entry point given Unity’s growth prospects.</p><p><blockquote><b>12) Unity 软件</b>- 这家 3D 内容创作平台公司在盘前上涨 3.2%，此前奥本海默将该股评级从 “表现 ”上调至 “跑赢大盘”。奥本海默说，鉴于 Unity 的增长前景，目前的价格是一个有吸引力的切入点。</blockquote></p><p><b>Bitcoin</b></p><p><blockquote><b>比特币</b></blockquote></p><p>Bitcoin traded above $50,000, reversing some of its slump on Tesla Inc.’s decision to suspend purchases using the digital currency.</p><p><blockquote>比特币的交易价格突破了 5 万美元，扭转了因特斯拉公司决定暂停使用数字货币购买而导致的部分下跌局面。</blockquote></p><p><img src=\"https://static.tigerbbs.com/e0a3d7f82a1e4f6f6a799cb997a7718c\" tg-width=\"1058\" tg-height=\"777\" referrerpolicy=\"no-referrer\"><b>Dogecoin rallies after Elon Musk tweet, Coinbase listing.</b>&nbsp;Dogecoin’s price jumped Friday after a tweet from supporterElon Muskand asCoinbase&nbsp;said it would list the meme-inspired cryptocurrency. The price of dogecoinrose to an intraday highof around 56 cents, according to data from Coin Metrics. However, it’s still down about 20% from arecord high&nbsp;of nearly 67 cents only a week ago. Musk tweeted Thursday that he was working with dogecoin developers to improve the efficiency of transactions. Also Thursday, crypto exchange platform Coinbase said it wouldoffer dogecoin support&nbsp;in the next six to eight weeks.</p><p><blockquote><b>埃隆·马斯克发推文、比特币基地上市后狗狗币上涨。</b>支持者埃隆-马斯克（Elon Muskand）和 Scoinbase 在推特上表示将上市这种受备忘录启发的加密货币，狗狗币的价格周五大涨。根据 Coin Metrics 的数据，狗狗币价格上涨至盘中高点 56 美分左右。不过，仍比一周前创下的近 67 美分的历史新高下跌了约 20%。马斯克周四在推特上表示，他正在与狗狗币开发者合作，以提高交易效率。同样在周四，加密货币交易平台 Coinbase 表示将在未来六到八周内提供狗狗币支持。</blockquote></p><p><b>Currencies</b></p><p><blockquote><b>货币</b></blockquote></p><p>The Bloomberg Dollar Spot Index fell 0.3%.The euro gained 0.4% to $1.2125.The British pound increased 0.2% to $1.4085.The onshore yuan strengthened 0.2% to 6.436 per dollar.The Japanese yen strengthened 0.2% to 109.28 per dollar.</p><p><blockquote>彭博美元现货指数下跌0.3%。欧元上涨0.4%，至1.2125美元。英镑上涨0.2%，至1.4085美元。在岸人民币升值0.2%，至1美元兑6.436。日元升值0.2%，至1美元兑109.28。</blockquote></p><p><b>Bonds</b></p><p><blockquote><b>债券</b></blockquote></p><p>The yield on 10-year Treasuries fell two basis points to 1.64%.The yield on two-year Treasuries decreased less than one basis point to 0.15%.Germany’s 10-year yield declined one basis point to -0.13%.Japan’s 10-year yield dipped one basis point to 0.089%.Britain’s 10-year yield decreased three basis points to 0.866%.</p><p><blockquote>10年期国债收益率下降两个基点至1.64%。两年期国债收益率下降不到一个基点至0.15%。德国10年期国债收益率下降一个基点至-0.13%。日本10年期国债收益率下降一个基点至0.089%。英国10年期国债收益率下降三个基点至0.866%。</blockquote></p><p><b>Commodities</b></p><p><blockquote><b>商品</b></blockquote></p><p>West Texas Intermediate crude increased 1.1% to $64.54 a barrel.Brent crude climbed 1.2% to $67.86 a barrel.Gold strengthened 0.5% to $1,836.10 an ounce.</p><p><blockquote>西德克萨斯中质原油上涨 1.1%，至每桶 64.54 美元。布伦特原油上涨 1.2%，至每桶 67.86 美元。黄金上涨 0.5%，至每盎司 1,836.10 美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197630232","content_text":"Stock futures extend gains after Dow's best day since March.Bitcoin traded above $50,000.Blockchain stocks, Tech stocks rally in premarket trading.Disney, DoorDash, Snowflake, Fisker & more making the biggest moves in the premarket.Dogecoin rallies after Elon Musk tweet, Coinbase listing.(May 14) Futures contracts tied to major stock indexesjumped in early trading Fridayas Wall Street is set to rebound for a second day after starting the week with big losses. Dow Jones Industrial Average futures climbed 150 points. S&P 500 futures gained 0.6%. Futures on the tech-heavy Nasdaq 100 Index, the relative underperformer this week, popped 1%.All three benchmarks are still on pace to post sharp losses for the week, with the Dow down 2.2% and the S&P shedding 2.8%. Tech stocks have been hit especially hard amid hotter-than-expected inflation data, pulling the Nasdaq down 4.6% for the week.At 8:03 a.m. ET, Dow E-minis were up 171 points, or 0.50%, S&P 500 E-minis were up 27.75 points, or 0.68% and Nasdaq 100 E-minis were up 142.50 points, or 1.09%.Blockchain stocks, Tech stocks rally in premarket trading.Stocks making the biggest moves in the premarket: Disney, DoorDash, Snowflake, Fisker & more1) Walt Disney(DIS) – Disney shares dropped 3.9% in premarket trading after growth figures for the Disney+ streaming servicefell short of Wall Street predictions. Disney reported better-than-expected profit for the first quarter, but revenue was short of analysts’ forecasts.2) DoorDash(DASH) – DoorDash surged 8.2% in the premarket afterfirst-quarter revenue came in above analysts’ forecasts, and the food delivery service raised its annual forecast for order value. First-quarter results got a boost from stimulus checks, although the company said those same checks were responsible for drivers working fewer hours.3) Snowflake(SNOW) – The cloud computing company was upgraded to \"buy\" from \"neutral\" at Goldman Sachs, which notes the Snowflake's strong competitive position, as well as a drop from recent highs that is much larger than its peers have experienced. Snowflake jumped 5.7% in premarket trading.4) Airbnb(ABNB) – Airbnbposted a first-quarter loss, but it also reported better-than-expected revenue as well a 52% jump in gross bookings as more Americans received Covid-19 vaccinations and travel restrictions eased.5) Coinbase(COIN) – Coinbasereported record profitduring the first quarter, as the cryptocurrency exchange benefited from a significant rally in bitcoin and other digital currencies. Coinbase shares rose 2.3% in premarket action.6) Kansas City Southern(KSU) – The U.S.-based rail operator acceptedCanadian National Railway’s(CNI) $33.6 billion takeover bid, casting aside the $29 billion deal it had previously agreed to withCanadian Pacific Railway(CP). Canadian Pacific has five business days to make a counter-offer for Kansas City Southern. Canadian National added 2.9% in premarket trading, while Canadian Pacific rose 1.6%.7) Tyson Foods(TSN) – The beef and poultry producer sold its pet treats business toGeneral Mills(GIS) for $1.2 billion. The sale includes the Nudges, Top Chews and True Chews brands as well as an Iowa production facility.8) General Electric(GE) – Citi reinstated coverage of GE with a “buy” rating, based on a “sum of the parts” valuation and better execution across GE’s portfolio of businesses. GE shares added 1.1% in premarket trading.9) Aurora Cannabis(ACB) – Aurora Cannabis tumbled 8.7% in premarket action after it reported lower-than-expected fiscal third-quarter revenue, hit by pandemic-related restrictions in Canada. Separately, the cannabis producer announced a move in its U.S. stock listing to Nasdaq from the New York Stock Exchange, citing lower costs.10) Fisker(FSR) – Fisker soared 14.5% in premarket trading after the electric car maker signed a deal with contract manufacturer Foxconn to co-develop electric vehicles. Plans include opening a new U.S. manufacturing plant in 2023, although a location has not yet been finalized.11) Poly(PLT) – Poly tumbled 19.5% in the premarket after the maker of audio and video products issued a weaker than expected outlook. The company formerly known as Plantronics said it expected the global semiconductor shortage to negatively impact its supply chain. It did, however, report better-than-expected profit and revenue for its latest quarter.12) Unity Software(U) – The 3D content creation platform company rose 3.2% in the premarket after Oppenheimer upgraded the stock to “outperform” from “perform.” Oppenheimer said the current price is an attractive entry point given Unity’s growth prospects.BitcoinBitcoin traded above $50,000, reversing some of its slump on Tesla Inc.’s decision to suspend purchases using the digital currency.Dogecoin rallies after Elon Musk tweet, Coinbase listing. Dogecoin’s price jumped Friday after a tweet from supporterElon Muskand asCoinbase said it would list the meme-inspired cryptocurrency. The price of dogecoinrose to an intraday highof around 56 cents, according to data from Coin Metrics. However, it’s still down about 20% from arecord high of nearly 67 cents only a week ago. Musk tweeted Thursday that he was working with dogecoin developers to improve the efficiency of transactions. Also Thursday, crypto exchange platform Coinbase said it wouldoffer dogecoin support in the next six to eight weeks.CurrenciesThe Bloomberg Dollar Spot Index fell 0.3%.The euro gained 0.4% to $1.2125.The British pound increased 0.2% to $1.4085.The onshore yuan strengthened 0.2% to 6.436 per dollar.The Japanese yen strengthened 0.2% to 109.28 per dollar.BondsThe yield on 10-year Treasuries fell two basis points to 1.64%.The yield on two-year Treasuries decreased less than one basis point to 0.15%.Germany’s 10-year yield declined one basis point to -0.13%.Japan’s 10-year yield dipped one basis point to 0.089%.Britain’s 10-year yield decreased three basis points to 0.866%.CommoditiesWest Texas Intermediate crude increased 1.1% to $64.54 a barrel.Brent crude climbed 1.2% to $67.86 a barrel.Gold strengthened 0.5% to $1,836.10 an ounce.","news_type":1,"symbols_score_info":{".DJI":0.9,"MYMmain":0.9,".IXIC":0.9,"SPY":0.9,"ESmain":0.9,".SPX":0.9,"MNQmain":0.9}},"isVote":1,"tweetType":1,"viewCount":831,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358537072,"gmtCreate":1616715485396,"gmtModify":1634524447796,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560893220281291","idStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Nice! Comments?","listText":"Nice! Comments?","text":"Nice! Comments?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/358537072","repostId":"1112798343","repostType":4,"repost":{"id":"1112798343","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1616688349,"share":"https://www.laohunote.com/m/news/1112798343?lang=zh_CN&edition=full","pubTime":"2021-03-26 00:05","market":"us","language":"en","title":"China’s $6 Billion Social E-Commerce App Hires CFO as It Eyes US IPO<blockquote>中国价值 60 亿美元的社交电子商务应用聘请首席财务官，着眼于美国 IPO</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1112798343","media":"Tiger Newspress","summary":"The list of Chinese tech firms heading to the public markets is getting longer. The latest to lay th","content":"<p>The list of Chinese tech firms heading to the public markets is getting longer. The latest to lay the groundwork for an initial public offering is Xiaohongshu, an Instagram-like social e-commerce platform. The company recently hired a chief financial officer and is considering going public in the U.S. as early as this year, according to people familiar with the matter,According to The information.</p><p><blockquote>进入公开市场的中国科技公司名单越来越长。最新为首次公开募股奠定基础的是小红书，一个类似Instagram的社交电子商务平台。据知情人士透露，该公司最近聘请了一名首席财务官，并考虑最早今年在美国上市。</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>China’s $6 Billion Social E-Commerce App Hires CFO as It Eyes US IPO<blockquote>中国价值 60 亿美元的社交电子商务应用聘请首席财务官，着眼于美国 IPO</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\">\nChina’s $6 Billion Social E-Commerce App Hires CFO as It Eyes US IPO<blockquote>中国价值 60 亿美元的社交电子商务应用聘请首席财务官，着眼于美国 IPO</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-26 00:05</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The list of Chinese tech firms heading to the public markets is getting longer. The latest to lay the groundwork for an initial public offering is Xiaohongshu, an Instagram-like social e-commerce platform. The company recently hired a chief financial officer and is considering going public in the U.S. as early as this year, according to people familiar with the matter,According to The information.</p><p><blockquote>进入公开市场的中国科技公司名单越来越长。最新为首次公开募股奠定基础的是小红书，一个类似Instagram的社交电子商务平台。据知情人士透露，该公司最近聘请了一名首席财务官，并考虑最早今年在美国上市。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MOGU":"蘑菇街","YSG":"逸仙电商"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112798343","content_text":"The list of Chinese tech firms heading to the public markets is getting longer. The latest to lay the groundwork for an initial public offering is Xiaohongshu, an Instagram-like social e-commerce platform. The company recently hired a chief financial officer and is considering going public in the U.S. as early as this year, according to people familiar with the matter,According to The information.","news_type":1,"symbols_score_info":{"YSG":0.9,"MOGU":0.9}},"isVote":1,"tweetType":1,"viewCount":438,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897160469,"gmtCreate":1628900332751,"gmtModify":1631890739607,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560893220281291","idStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Give me a like please? [Cool]&nbsp;","listText":"Give me a like please? [Cool]&nbsp;","text":"Give me a like please? [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/897160469","repostId":"2159215280","repostType":4,"isVote":1,"tweetType":1,"viewCount":429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899380807,"gmtCreate":1628160017909,"gmtModify":1631893229288,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560893220281291","idStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Give me a like please? [Happy]&nbsp;","listText":"Give me a like please? [Happy]&nbsp;","text":"Give me a like please? [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/899380807","repostId":"1121866583","repostType":4,"repost":{"id":"1121866583","kind":"news","pubTimestamp":1628158108,"share":"https://www.laohunote.com/m/news/1121866583?lang=zh_CN&edition=full","pubTime":"2021-08-05 18:08","market":"us","language":"en","title":"What's Next For The S&P 500: 10% Pullback or Rolling Correction?<blockquote>标普500的下一步是什么：10%回调还是滚动修正？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1121866583","media":"zacks","summary":"The market has become increasingly rational as this 16-month bull market matures, and index-based up","content":"<p>The market has become increasingly rational as this 16-month bull market matures, and index-based upside potential dwindles every additional percentage they rally. This is a stock picker's market. Quality stocks in well-positioned sectors will have much higher upside potential than most index-tracking ETFs for the remainder of 2021.</p><p><blockquote>随着这16个月的牛市的成熟，市场变得越来越理性，基于指数的上涨潜力每增加一个百分比，就会减少。这是一个选股者的市场。在 2021 年剩余时间里，定位良好的行业中的优质股票将比大多数指数跟踪 ETF 具有更高的上涨潜力。</blockquote></p><p> The S&amp;P 500 hasn't seen a pullback of more than 5% so far this year and hasn't seen an actual correction (a pullback of 10% or more) since last September, which was quickly bought back up once that down 10% mark was reached. Despite this blue-chip benchmark not exhibiting any material sell-off, over 90% of its 505 components have experienced a 10% or larger correction in 2021 thus far.</p><p><blockquote>今年到目前为止，标普500的回调幅度还没有超过 5%，自去年 9 月以来也没有出现过实际的调整（回调 10% 或更多），一旦达到 10% 的下跌关口，该指数就很快被买回。尽管这个蓝筹股基准没有表现出任何材料抛售，但迄今为止，其 505 个组件中有超过 90% 在 2021 年经历了 10% 或更大的调整。</blockquote></p><p> <b>Rotations In &amp; Out of Growth &amp; Value</b></p><p><blockquote><b>增长与价值的进出轮换</b></blockquote></p><p> Investors have kept the stock market's bull drive alive by rotating in and out of growth and value sectors as portfolio's position for the reopening at the beginning of the year, then turned back to growth stocks when the yield surge began to fade mid-May. This performance deviation is clearly illustrated below with Vanguard's growth-oriented ETF (VUG Quick QuoteVUG-Free Report) in the candlesticks and its value-focused ETF (VTV Quick QuoteVTV-Free Report) represented by the orange line.</p><p><blockquote>投资者通过在年初重新开盘时轮换进出成长型和价值型板块来保持股市的牛市势头，然后在5月中旬收益率飙升开始消退时又转向成长型股票。下面烛台中的 Vanguard 以增长为导向的 ETF (VUG Quick QuoteVUG-Free Report) 和以价值为导向的 ETF (VTV Quick QuoteVTV-Free Report) 清楚地说明了这种业绩偏差。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/80d0680692ab8ada950167692164017e\" tg-width=\"620\" tg-height=\"408\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Image Source: TradingView</p><p><blockquote>图片来源：TradingView</blockquote></p><p> The year-to-date performance divergence between these two stock groupings illustrates that investors &amp; traders are not buying indiscriminately. Meaning that judgment is going into every trade decision (aka stock picking), causing the market to deflate overstretched areas and reallocate into relatively cheaper spaces.</p><p><blockquote>这两个股票组合今年迄今为止的表现差异表明，投资者和交易员并没有不分青红皂白地购买。这意味着这种判断会渗透到每一个交易决策（又名选股）中，导致市场收缩过度紧张的领域并重新分配到相对便宜的领域。</blockquote></p><p> <b>Accelerating Annualized Returns</b></p><p><blockquote><b>加速年化回报</b></blockquote></p><p> The S&amp;P 500 has remained above an extraordinary 75% annualized return trendline for over 16 months now. Unfortunately, this rate of return isn't even close to sustainable.</p><p><blockquote>16 个月来，标普500一直保持在 75% 的年化回报率趋势线之上。不幸的是，这种回报率甚至远未达到可持续水平。</blockquote></p><p> The S&amp;P 500 has averaged 12% upside a year over the past 3 decades. However, the average annual growth rate has aged like fine wine. This blue-chip benchmark has demonstrated an average annualized return of nearly 15% over the past decade, and if narrowed down to just the last 5 years, those annual gains go up to over 16%.</p><p><blockquote>过去 30 年来，标普500平均每年上涨 12%。然而，年均增长率却像美酒一样陈年。这一蓝筹股基准在过去十年中的平均年化回报率接近 15%，如果缩小到过去 5 年，这些年收益将超过 16%。</blockquote></p><p> The stock market is experiencing swelling average annual gains because of the rapid acceleration of technology that continuously accelerates companies' and our economy's growth outlook. I expect to see continued annualized return acceleration over the next decade as tech makes up a growing portion of the public equity market. Nevertheless, a rolling 75% annualized return out of the S&amp;P 500 isn't viable.</p><p><blockquote>由于技术的快速发展不断加速公司和我们经济的增长前景，股市正在经历不断膨胀的年均涨幅。随着科技在公共股票市场中所占份额越来越大，我预计未来十年年化回报率将继续加速。然而，标普500滚动 75% 的年化回报率是不可行的。</blockquote></p><p> There may be too much sideline capital (a record 5.5 trillion in money market funds, according to Goldman Sachs (GS Quick QuoteGS-Free Report) for the market to entirely correct. Still, we are due for consolidation over the next few months, aka a rolling correction.</p><p><blockquote>可能有太多的边际资本（根据高盛（GS Quick QuoteGS-Free Report）的数据，货币市场基金达到创纪录的5.5万亿美元，市场无法完全纠正。尽管如此，我们仍将在未来几个月进行整合，也就是滚动调整。</blockquote></p><p> We are now entering a pivotal point in this maturing market cycle. Q2 earnings season has been tremendous thus far, with earnings soaring 105% on sales up over 22% from a year ago. 91% of the reported companies beating EPS estimates, and over 86% beat top-line projections. The richly valued tech sector has demonstrated awe-inspiring Q2 results, with 100% of them exceeding EPS estimates and over 96% beating on revenues, which seemingly justified frothy valuations in the space.</p><p><blockquote>我们现在正进入这个成熟市场周期的关键点。到目前为止，第二季度财报季表现非常出色，盈利飙升 105%，销售额同比增长 22% 以上。91% 的报告公司超出了每股收益预期，超过 86% 的公司超出了营收预测。估值极高的科技行业第二季度业绩令人敬畏，其中 100% 的业绩超出了每股收益预期，超过 96% 的业绩超出了收入预期，这似乎证明了该领域的泡沫估值是合理的。</blockquote></p><p> However, analysts are projecting peak earnings growth to be in the rear-view mirror as Q2 earnings season wraps up, and at these rich multiples, valuation compression may be in order. Even with these exceptional quarterly reports and growing full-year estimates, we have seen an undue level of profit-pulling and defensive market positioning. The resurging COVID fears and anticipated shift in monetary policy also weigh on bullish sentiment.</p><p><blockquote>然而，分析师预计，随着第二季度财报季的结束，盈利增长峰值将成为过去，在这些丰富的市盈率下，估值可能会压缩。即使有这些出色的季度报告和不断增长的全年预期，我们也看到了过度的利润拉动和防御性市场定位。新冠疫情担忧的死灰复燃和货币政策的预期转变也打压了看涨情绪。</blockquote></p><p> Nevertheless, the enormous amount of cash on the bench is still being put to work, with every marginal dip being bought right back up. The national consumer savings rate in the US sits sizably above the last decade's average. Americans are not only participating in the public equity market at a record rate, but they also have plenty of liquidity to keep buying their favorite stocks.</p><p><blockquote>尽管如此，板凳上的巨额现金仍在发挥作用，每一次边际下跌都会被买回。美国全国消费者储蓄率远高于过去十年的平均水平。美国人不仅以创纪录的速度参与公共股权市场，而且他们还有充足的流动性来继续购买他们喜欢的股票。</blockquote></p><p> Stocks remain the most attractive asset class, with negative real interest rates in the bond market, sky-high commodity prices, highly volatile crypto prices, and pricing pressure that most publicly traded companies have been able to easily transfer to their end-markets (illustrated by Q2 margin results).</p><p><blockquote>股票仍然是最具吸引力的资产类别，债券市场的负实际利率、天价商品价格、高度波动的加密货币价格以及大多数上市公司能够轻松转移到终端市场的定价压力（第二季度利润率结果说明）。</blockquote></p><p></p><p> I expect to see a rolling correction, reflected by a consolidating stock market, instead of this 10%+ correction that analysts have been postulating. Range-bound indexes(less than 10% swings) for some time (month or two) would have the same valuation compressing effect as an all-out correction because earnings would be growing while prices remain muted, leading to shrinking P/E multiples (aka rolling correction).</p><p><blockquote>我预计会看到股市盘整所反映的滚动调整，而不是分析师一直假设的 10% 以上的调整。在一段时间（一两个月）内（波动小于 10%）的区间指数（波动小于 10%）会产生与全面修正相同的估值压缩效果，因为收益会增长，而价格保持低迷，导致市盈率缩小（又名滚动修正）。</blockquote></p><p> I foresee a sideways broader market trade until the Delta-variant is no longer a global concern. I remain bullish on stocks for the remaining 5 months of 2021 and am confident that the S&amp;P 500 will close out the year higher than it is trading at today.</p><p><blockquote>我预计市场交易将横盘整理，直到Delta变体不再是全球关注的问题。在2021年剩余的5个月里，我仍然看好股市，并相信标普500将以高于今天的交易价格结束这一年。</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>What's Next For The S&P 500: 10% Pullback or Rolling Correction?<blockquote>标普500的下一步是什么：10%回调还是滚动修正？</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\">\nWhat's Next For The S&P 500: 10% Pullback or Rolling Correction?<blockquote>标普500的下一步是什么：10%回调还是滚动修正？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zacks</strong><span class=\"h-time small\">2021-08-05 18:08</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The market has become increasingly rational as this 16-month bull market matures, and index-based upside potential dwindles every additional percentage they rally. This is a stock picker's market. Quality stocks in well-positioned sectors will have much higher upside potential than most index-tracking ETFs for the remainder of 2021.</p><p><blockquote>随着这16个月的牛市的成熟，市场变得越来越理性，基于指数的上涨潜力每增加一个百分比，就会减少。这是一个选股者的市场。在 2021 年剩余时间里，定位良好的行业中的优质股票将比大多数指数跟踪 ETF 具有更高的上涨潜力。</blockquote></p><p> The S&amp;P 500 hasn't seen a pullback of more than 5% so far this year and hasn't seen an actual correction (a pullback of 10% or more) since last September, which was quickly bought back up once that down 10% mark was reached. Despite this blue-chip benchmark not exhibiting any material sell-off, over 90% of its 505 components have experienced a 10% or larger correction in 2021 thus far.</p><p><blockquote>今年到目前为止，标普500的回调幅度还没有超过 5%，自去年 9 月以来也没有出现过实际的调整（回调 10% 或更多），一旦达到 10% 的下跌关口，该指数就很快被买回。尽管这个蓝筹股基准没有表现出任何材料抛售，但迄今为止，其 505 个组件中有超过 90% 在 2021 年经历了 10% 或更大的调整。</blockquote></p><p> <b>Rotations In &amp; Out of Growth &amp; Value</b></p><p><blockquote><b>增长与价值的进出轮换</b></blockquote></p><p> Investors have kept the stock market's bull drive alive by rotating in and out of growth and value sectors as portfolio's position for the reopening at the beginning of the year, then turned back to growth stocks when the yield surge began to fade mid-May. This performance deviation is clearly illustrated below with Vanguard's growth-oriented ETF (VUG Quick QuoteVUG-Free Report) in the candlesticks and its value-focused ETF (VTV Quick QuoteVTV-Free Report) represented by the orange line.</p><p><blockquote>投资者通过在年初重新开盘时轮换进出成长型和价值型板块来保持股市的牛市势头，然后在5月中旬收益率飙升开始消退时又转向成长型股票。下面烛台中的 Vanguard 以增长为导向的 ETF (VUG Quick QuoteVUG-Free Report) 和以价值为导向的 ETF (VTV Quick QuoteVTV-Free Report) 清楚地说明了这种业绩偏差。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/80d0680692ab8ada950167692164017e\" tg-width=\"620\" tg-height=\"408\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Image Source: TradingView</p><p><blockquote>图片来源：TradingView</blockquote></p><p> The year-to-date performance divergence between these two stock groupings illustrates that investors &amp; traders are not buying indiscriminately. Meaning that judgment is going into every trade decision (aka stock picking), causing the market to deflate overstretched areas and reallocate into relatively cheaper spaces.</p><p><blockquote>这两个股票组合今年迄今为止的表现差异表明，投资者和交易员并没有不分青红皂白地购买。这意味着这种判断会渗透到每一个交易决策（又名选股）中，导致市场收缩过度紧张的领域并重新分配到相对便宜的领域。</blockquote></p><p> <b>Accelerating Annualized Returns</b></p><p><blockquote><b>加速年化回报</b></blockquote></p><p> The S&amp;P 500 has remained above an extraordinary 75% annualized return trendline for over 16 months now. Unfortunately, this rate of return isn't even close to sustainable.</p><p><blockquote>16 个月来，标普500一直保持在 75% 的年化回报率趋势线之上。不幸的是，这种回报率甚至远未达到可持续水平。</blockquote></p><p> The S&amp;P 500 has averaged 12% upside a year over the past 3 decades. However, the average annual growth rate has aged like fine wine. This blue-chip benchmark has demonstrated an average annualized return of nearly 15% over the past decade, and if narrowed down to just the last 5 years, those annual gains go up to over 16%.</p><p><blockquote>过去 30 年来，标普500平均每年上涨 12%。然而，年均增长率却像美酒一样陈年。这一蓝筹股基准在过去十年中的平均年化回报率接近 15%，如果缩小到过去 5 年，这些年收益将超过 16%。</blockquote></p><p> The stock market is experiencing swelling average annual gains because of the rapid acceleration of technology that continuously accelerates companies' and our economy's growth outlook. I expect to see continued annualized return acceleration over the next decade as tech makes up a growing portion of the public equity market. Nevertheless, a rolling 75% annualized return out of the S&amp;P 500 isn't viable.</p><p><blockquote>由于技术的快速发展不断加速公司和我们经济的增长前景，股市正在经历不断膨胀的年均涨幅。随着科技在公共股票市场中所占份额越来越大，我预计未来十年年化回报率将继续加速。然而，标普500滚动 75% 的年化回报率是不可行的。</blockquote></p><p> There may be too much sideline capital (a record 5.5 trillion in money market funds, according to Goldman Sachs (GS Quick QuoteGS-Free Report) for the market to entirely correct. Still, we are due for consolidation over the next few months, aka a rolling correction.</p><p><blockquote>可能有太多的边际资本（根据高盛（GS Quick QuoteGS-Free Report）的数据，货币市场基金达到创纪录的5.5万亿美元，市场无法完全纠正。尽管如此，我们仍将在未来几个月进行整合，也就是滚动调整。</blockquote></p><p> We are now entering a pivotal point in this maturing market cycle. Q2 earnings season has been tremendous thus far, with earnings soaring 105% on sales up over 22% from a year ago. 91% of the reported companies beating EPS estimates, and over 86% beat top-line projections. The richly valued tech sector has demonstrated awe-inspiring Q2 results, with 100% of them exceeding EPS estimates and over 96% beating on revenues, which seemingly justified frothy valuations in the space.</p><p><blockquote>我们现在正进入这个成熟市场周期的关键点。到目前为止，第二季度财报季表现非常出色，盈利飙升 105%，销售额同比增长 22% 以上。91% 的报告公司超出了每股收益预期，超过 86% 的公司超出了营收预测。估值极高的科技行业第二季度业绩令人敬畏，其中 100% 的业绩超出了每股收益预期，超过 96% 的业绩超出了收入预期，这似乎证明了该领域的泡沫估值是合理的。</blockquote></p><p> However, analysts are projecting peak earnings growth to be in the rear-view mirror as Q2 earnings season wraps up, and at these rich multiples, valuation compression may be in order. Even with these exceptional quarterly reports and growing full-year estimates, we have seen an undue level of profit-pulling and defensive market positioning. The resurging COVID fears and anticipated shift in monetary policy also weigh on bullish sentiment.</p><p><blockquote>然而，分析师预计，随着第二季度财报季的结束，盈利增长峰值将成为过去，在这些丰富的市盈率下，估值可能会压缩。即使有这些出色的季度报告和不断增长的全年预期，我们也看到了过度的利润拉动和防御性市场定位。新冠疫情担忧的死灰复燃和货币政策的预期转变也打压了看涨情绪。</blockquote></p><p> Nevertheless, the enormous amount of cash on the bench is still being put to work, with every marginal dip being bought right back up. The national consumer savings rate in the US sits sizably above the last decade's average. Americans are not only participating in the public equity market at a record rate, but they also have plenty of liquidity to keep buying their favorite stocks.</p><p><blockquote>尽管如此，板凳上的巨额现金仍在发挥作用，每一次边际下跌都会被买回。美国全国消费者储蓄率远高于过去十年的平均水平。美国人不仅以创纪录的速度参与公共股权市场，而且他们还有充足的流动性来继续购买他们喜欢的股票。</blockquote></p><p> Stocks remain the most attractive asset class, with negative real interest rates in the bond market, sky-high commodity prices, highly volatile crypto prices, and pricing pressure that most publicly traded companies have been able to easily transfer to their end-markets (illustrated by Q2 margin results).</p><p><blockquote>股票仍然是最具吸引力的资产类别，债券市场的负实际利率、天价商品价格、高度波动的加密货币价格以及大多数上市公司能够轻松转移到终端市场的定价压力（第二季度利润率结果说明）。</blockquote></p><p></p><p> I expect to see a rolling correction, reflected by a consolidating stock market, instead of this 10%+ correction that analysts have been postulating. Range-bound indexes(less than 10% swings) for some time (month or two) would have the same valuation compressing effect as an all-out correction because earnings would be growing while prices remain muted, leading to shrinking P/E multiples (aka rolling correction).</p><p><blockquote>我预计会看到股市盘整所反映的滚动调整，而不是分析师一直假设的 10% 以上的调整。在一段时间（一两个月）内（波动小于 10%）的区间指数（波动小于 10%）会产生与全面修正相同的估值压缩效果，因为收益会增长，而价格保持低迷，导致市盈率缩小（又名滚动修正）。</blockquote></p><p> I foresee a sideways broader market trade until the Delta-variant is no longer a global concern. I remain bullish on stocks for the remaining 5 months of 2021 and am confident that the S&amp;P 500 will close out the year higher than it is trading at today.</p><p><blockquote>我预计市场交易将横盘整理，直到Delta变体不再是全球关注的问题。在2021年剩余的5个月里，我仍然看好股市，并相信标普500将以高于今天的交易价格结束这一年。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zacks.com/commentary/1773639/whats-next-for-the-sp-500-10-pullback-or-rolling-correction?&art_rec=home-home-investment_ideas_stocks-ID09-txt-1278004\">zacks</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"},"source_url":"https://www.zacks.com/commentary/1773639/whats-next-for-the-sp-500-10-pullback-or-rolling-correction?&art_rec=home-home-investment_ideas_stocks-ID09-txt-1278004","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121866583","content_text":"The market has become increasingly rational as this 16-month bull market matures, and index-based upside potential dwindles every additional percentage they rally. This is a stock picker's market. Quality stocks in well-positioned sectors will have much higher upside potential than most index-tracking ETFs for the remainder of 2021.\nThe S&P 500 hasn't seen a pullback of more than 5% so far this year and hasn't seen an actual correction (a pullback of 10% or more) since last September, which was quickly bought back up once that down 10% mark was reached. Despite this blue-chip benchmark not exhibiting any material sell-off, over 90% of its 505 components have experienced a 10% or larger correction in 2021 thus far.\nRotations In & Out of Growth & Value\nInvestors have kept the stock market's bull drive alive by rotating in and out of growth and value sectors as portfolio's position for the reopening at the beginning of the year, then turned back to growth stocks when the yield surge began to fade mid-May. This performance deviation is clearly illustrated below with Vanguard's growth-oriented ETF (VUG Quick QuoteVUG-Free Report) in the candlesticks and its value-focused ETF (VTV Quick QuoteVTV-Free Report) represented by the orange line.\n\nImage Source: TradingView\nThe year-to-date performance divergence between these two stock groupings illustrates that investors & traders are not buying indiscriminately. Meaning that judgment is going into every trade decision (aka stock picking), causing the market to deflate overstretched areas and reallocate into relatively cheaper spaces.\nAccelerating Annualized Returns\nThe S&P 500 has remained above an extraordinary 75% annualized return trendline for over 16 months now. Unfortunately, this rate of return isn't even close to sustainable.\nThe S&P 500 has averaged 12% upside a year over the past 3 decades. However, the average annual growth rate has aged like fine wine. This blue-chip benchmark has demonstrated an average annualized return of nearly 15% over the past decade, and if narrowed down to just the last 5 years, those annual gains go up to over 16%.\nThe stock market is experiencing swelling average annual gains because of the rapid acceleration of technology that continuously accelerates companies' and our economy's growth outlook. I expect to see continued annualized return acceleration over the next decade as tech makes up a growing portion of the public equity market. Nevertheless, a rolling 75% annualized return out of the S&P 500 isn't viable.\nThere may be too much sideline capital (a record 5.5 trillion in money market funds, according to Goldman Sachs (GS Quick QuoteGS-Free Report) for the market to entirely correct. Still, we are due for consolidation over the next few months, aka a rolling correction.\nWe are now entering a pivotal point in this maturing market cycle. Q2 earnings season has been tremendous thus far, with earnings soaring 105% on sales up over 22% from a year ago. 91% of the reported companies beating EPS estimates, and over 86% beat top-line projections. The richly valued tech sector has demonstrated awe-inspiring Q2 results, with 100% of them exceeding EPS estimates and over 96% beating on revenues, which seemingly justified frothy valuations in the space.\nHowever, analysts are projecting peak earnings growth to be in the rear-view mirror as Q2 earnings season wraps up, and at these rich multiples, valuation compression may be in order. Even with these exceptional quarterly reports and growing full-year estimates, we have seen an undue level of profit-pulling and defensive market positioning. The resurging COVID fears and anticipated shift in monetary policy also weigh on bullish sentiment.\nNevertheless, the enormous amount of cash on the bench is still being put to work, with every marginal dip being bought right back up. The national consumer savings rate in the US sits sizably above the last decade's average. Americans are not only participating in the public equity market at a record rate, but they also have plenty of liquidity to keep buying their favorite stocks.\nStocks remain the most attractive asset class, with negative real interest rates in the bond market, sky-high commodity prices, highly volatile crypto prices, and pricing pressure that most publicly traded companies have been able to easily transfer to their end-markets (illustrated by Q2 margin results).\nI expect to see a rolling correction, reflected by a consolidating stock market, instead of this 10%+ correction that analysts have been postulating. Range-bound indexes(less than 10% swings) for some time (month or two) would have the same valuation compressing effect as an all-out correction because earnings would be growing while prices remain muted, leading to shrinking P/E multiples (aka rolling correction).\nI foresee a sideways broader market trade until the Delta-variant is no longer a global concern. I remain bullish on stocks for the remaining 5 months of 2021 and am confident that the S&P 500 will close out the year higher than it is trading at today.","news_type":1,"symbols_score_info":{".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":376,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":179889650,"gmtCreate":1626502563370,"gmtModify":1633926171707,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560893220281291","idStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Give me a like please? [Happy]&nbsp;","listText":"Give me a like please? [Happy]&nbsp;","text":"Give me a like please? [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/179889650","repostId":"1198202103","repostType":4,"isVote":1,"tweetType":1,"viewCount":402,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146076266,"gmtCreate":1626047190955,"gmtModify":1633930759007,"author":{"id":"3560893220281291","authorId":"3560893220281291","name":"Ipster","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560893220281291","idStr":"3560893220281291"},"themes":[],"title":"","htmlText":"Give me a like please? [Grin]&nbsp;","listText":"Give me a like please? [Grin]&nbsp;","text":"Give me a like please? 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