Flameon的个人主页 - 老虎社区

Flameon

暂无个人介绍

IP属地：未知

127关注

2粉丝

0主题

0勋章

2021-12-15

👍🏻

抱歉，原内容已删除

2021-10-16

👍🏻

What Happens When the Fed Tapers?<blockquote>美联储缩减规模会发生什么？</blockquote>

2021-10-06

👍🏻

抱歉，原内容已删除

2021-10-05

😞

抱歉，原内容已删除

2021-09-20

👍🏻

GameStop: With Short Interest Of Less Than 15% Don't Expect Another Squeeze<blockquote>游戏驿站：空头利息低于 15%，预计不会再次出现挤压</blockquote>

2021-09-13

Maybe

抱歉，原内容已删除

2021-09-12

Seriously

抱歉，原内容已删除

2021-09-11

Will up again

抱歉，原内容已删除

2021-09-10

Good

抱歉，原内容已删除

2021-09-04

Stong

抱歉，原内容已删除

2021-09-03

Good

抱歉，原内容已删除

2021-08-31

Exp

抱歉，原内容已删除

2021-07-26

Major change

抱歉，原内容已删除

2021-07-11

Please like

抱歉，原内容已删除

2021-07-06

Strong

Samsung Electronics Q2 profit likely up 38% on strong chip prices<blockquote>由于芯片价格强劲，三星电子第二季度利润可能增长 38%</blockquote>

2021-06-30

Wow

抱歉，原内容已删除

2021-06-30

Good news

抱歉，原内容已删除

2021-06-28

Bad news

抱歉，原内容已删除

2021-06-28

Mid year end

抱歉，原内容已删除

2021-06-27

🤔

Tesla recalls some imported and domestic Model 3 and Model Y in China<blockquote>特斯拉在华召回部分进口和国产Model 3和Model Y</blockquote>

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3562566709596645","uuid":"3562566709596645","gmtCreate":1599535607824,"gmtModify":1599535607824,"name":"Flameon","pinyin":"flameon","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.laohu8.com/default-avatar.jpg","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":2,"headSize":127,"tweetSize":44,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-4","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"明星虎友","description":"加入老虎社区2000天","bigImgUrl":"https://static.tigerbbs.com/dddf24b906c7011de2617d4fb3f76987","smallImgUrl":"https://static.tigerbbs.com/53d58ad32c97254c6f74db8b97e6ec49","grayImgUrl":"https://static.tigerbbs.com/6304700d92ad91c7a33e2e92ec32ecc1","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.04.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"228c86a078844d74991fff2b7ab2428d-1","templateUuid":"228c86a078844d74991fff2b7ab2428d","name":"投资经理虎","description":"证券账户累计交易金额达到10万美元","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"60.38%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"35ec162348d5460f88c959321e554969-1","templateUuid":"35ec162348d5460f88c959321e554969","name":"精英交易员","description":"证券或期货账户累计交易次数达到30次","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"60.57%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":12,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":607169856,"gmtCreate":1639498518469,"gmtModify":1639498518532,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562566709596645","authorIdStr":"3562566709596645"},"themes":[],"title":"","htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607169856","repostId":"2191955334","repostType":4,"isVote":1,"tweetType":1,"viewCount":3518,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":824594662,"gmtCreate":1634335986563,"gmtModify":1634335986690,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562566709596645","authorIdStr":"3562566709596645"},"themes":[],"title":"","htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/824594662","repostId":"1139202309","repostType":4,"repost":{"id":"1139202309","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1634280465,"share":"https://www.laohunote.com/m/news/1139202309?lang=zh_CN&edition=full","pubTime":"2021-10-15 14:47","market":"us","language":"en","title":"What Happens When the Fed Tapers?<blockquote>美联储缩减规模会发生什么？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139202309","media":"Benzinga Earnings","summary":"What happens when the Fed tapers? That is the billion (or trillion) dollar question. Before we delve","content":"<p>What happens when the Fed tapers? That is the billion (or trillion) dollar question. Before we delve into the possible outcome(s) though, we must first understand what tapering means.</p><p><blockquote>美联储缩减规模会发生什么？这是十亿（或一万亿）美元的问题。不过，在我们深入研究可能的结果之前，我们必须首先了解缩减规模意味着什么。</blockquote></p><p> In response to the coronavirus pandemic, the Federal Reserve&nbsp;slashed interest rates to zero in March 2020&nbsp;to help bolster growth. It also began its $120 billion in monthly asset purchases, a program known as quantitative easing (QE) that has roughly doubled the Fed’s balance sheet to about $8.5 trillion since the start of the pandemic.</p><p><blockquote>为了应对冠状病毒大流行，美联储于 2020 年 3 月将利率削减至零，以帮助促进经济增长。美联储还开始每月购买 1200 亿美元的资产，这项被称为量化宽松（QE）的计划自大流行病开始以来，已使美联储的资产负债表大约翻了一番，达到约 8.5 万亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d66984161d481448082b5856b1c7465c\" tg-width=\"1200\" tg-height=\"800\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cfe5a1c43965ba4fe7c492c026c915b8\" tg-width=\"1200\" tg-height=\"800\" width=\"100%\" height=\"auto\"><span>Source: Board of Governors of the Federal Reserve System</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：美联储理事会</span></p></blockquote></p><p> QE helps by reducing long-term interest rates, thereby encouraging borrowing to help spur spending, and in turn, the economy. In doing so, the Fed essentially reduces the available supply of these bonds in the open market, forcing investors who want to own them to drive up prices. Driving up bond prices has the effect of lowering interest rates, which lowers the borrowing costs of households on their mortgages, or the costs of corporations to borrow by issuing debt.</p><p><blockquote>量化宽松通过降低长期利率来提供帮助，从而鼓励借贷来刺激支出，进而刺激经济。这样做，美联储实际上减少了公开市场上这些债券的可用供应量，迫使想要拥有它们的投资者推高价格。推高债券价格会产生降低利率的效果，从而降低家庭的抵押贷款借贷成本，或者降低企业通过发行债务借贷的成本。</blockquote></p><p> As the Fed eases the pace and pares back the amount of these purchases, tapering begins with the ultimate goal of sending interest rates back to “normal.” Tapering can impact long-term interest rates, as this typically sends a signal to the markets that the Fed is shifting to a less accommodative policy stance in the future. The key is to understand that tapering does not mean the Fed stops purchasing assets, but it just reduces the pace of its balance sheet expansion. This is different than tightening, which means the Fed will no longer add assets to its balance sheet and will instead reduce the assets it holds by selling them — with&nbsp;large companies recently&nbsp;including&nbsp;<b>Caterpillar Inc.</b>&nbsp;and&nbsp;<b>Home Depot</b>&nbsp;taking advantage of to issue new bonds.</p><p><blockquote>随着美联储放缓步伐并减少这些购买的数量，缩减规模的最终目标是让利率回到 “正常 ”水平。缩减规模可能会影响长期利率，因为这通常会向市场发出信号，表明美联储未来正在转向不太宽松的政策立场。关键是要明白，缩减规模并不意味着美联储停止购买资产，而只是放慢了资产负债表扩张的步伐。这不同于紧缩政策，这意味着美联储将不再在其资产负债表上增加资产，而是通过出售资产来减少其持有的资产——最近大公司包括<b>卡特彼勒公司。</b>和<b>家得宝</b>利用这一点发行新债券。</blockquote></p><p> Aside from interest rates, tapering could have an impact on the U.S. dollar. The trajectory of the U.S. dollar is important for investors as it impacts everything from commodity prices to corporate earnings. Higher yields make dollar-denominated assets more attractive to income seeking investors. Tapering is typically bullish for the dollar as it means a move toward tighter monetary policy. Since currencies normally appreciate when their domestic short-term rates rise, as the Fed continues to signal imminent tightening, markets are pricing in higher rates. This offers support to the dollar amid an already choppy risk environment that is a positive for the safe haven dollar. As mentioned above, if the Fed will be buying fewer debt assets, there would be fewer dollars in circulation.</p><p><blockquote>除了利率之外，缩减货币规模也可能对美元产生影响。美元的走势对投资者来说很重要，因为它影响着从大宗商品价格到企业盈利的方方面面。较高的收益率使得以美元计价的资产对寻求收入的投资者更具吸引力。缩减规模通常对美元有利，因为这意味着转向收紧货币政策。由于货币通常会在国内短期利率上升时升值，随着美联储继续发出即将紧缩的信号，市场正在对更高的利率进行定价。这在已经动荡的风险环境中为美元提供了支撑，这对避险美元来说是一个利好。如上所述，如果美联储购买更少的债务资产，流通中的美元就会减少。</blockquote></p><p> The market is anticipating the beginning of the taper process could begin sometime in the fourth quarter of this year, possibly as soon as November. In addition, half of the Fed vice presidents project interest rates rising at some point in 2022. Fed Chairman Powell is anticipating the taper process could end around the middle of next year, as long as the recovery remains on track. The Central Bank has insisted that they expect to keep the funds rate near zero until labor market conditions have reached levels consistent with their projections of maximum employment. We are nowhere near pre-pandemic unemployment levels (with 8.4 million unemployed persons in the U.S. now versus 5.7 million in February 2020). This could lead to concern over whether the Fed risks tightening monetary policy at a time when the economy might be significantly weaker than it already is today. At the end of the day, if the Fed is priming the markets for a taper in the fourth quarter of 2021, we could be in for a period of extended volatility.</p><p><blockquote>市场预计缩减规模进程可能会在今年第四季度的某个时候开始，最早可能在 11 月。此外，一半的美联储副主席预计利率将在 2022 年某个时候上升。美联储主席鲍威尔预计，只要复苏保持正轨，缩减规模进程可能会在明年年中左右结束。央行坚称，他们预计将基金利率保持在接近于零的水平，直到劳动力市场状况达到与其最大就业预测一致的水平。我们远未达到大流行前的失业水平（目前美国有840万人失业，而2020年2月为570万人）。这可能会引发人们对美联储是否会在经济可能比现在明显疲软的时候冒险收紧货币政策的担忧。归根结底，如果美联储在 2021 年第四季度为市场缩减规模做好准备，我们可能会经历一段长期波动的时期。</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 Happens When the Fed Tapers?<blockquote>美联储缩减规模会发生什么？</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 Happens When the Fed Tapers?<blockquote>美联储缩减规模会发生什么？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-10-15 14:47</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>What happens when the Fed tapers? That is the billion (or trillion) dollar question. Before we delve into the possible outcome(s) though, we must first understand what tapering means.</p><p><blockquote>美联储缩减规模会发生什么？这是十亿（或一万亿）美元的问题。不过，在我们深入研究可能的结果之前，我们必须首先了解缩减规模意味着什么。</blockquote></p><p> In response to the coronavirus pandemic, the Federal Reserve&nbsp;slashed interest rates to zero in March 2020&nbsp;to help bolster growth. It also began its $120 billion in monthly asset purchases, a program known as quantitative easing (QE) that has roughly doubled the Fed’s balance sheet to about $8.5 trillion since the start of the pandemic.</p><p><blockquote>为了应对冠状病毒大流行，美联储于 2020 年 3 月将利率削减至零，以帮助促进经济增长。美联储还开始每月购买 1200 亿美元的资产，这项被称为量化宽松（QE）的计划自大流行病开始以来，已使美联储的资产负债表大约翻了一番，达到约 8.5 万亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d66984161d481448082b5856b1c7465c\" tg-width=\"1200\" tg-height=\"800\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cfe5a1c43965ba4fe7c492c026c915b8\" tg-width=\"1200\" tg-height=\"800\" width=\"100%\" height=\"auto\"><span>Source: Board of Governors of the Federal Reserve System</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：美联储理事会</span></p></blockquote></p><p> QE helps by reducing long-term interest rates, thereby encouraging borrowing to help spur spending, and in turn, the economy. In doing so, the Fed essentially reduces the available supply of these bonds in the open market, forcing investors who want to own them to drive up prices. Driving up bond prices has the effect of lowering interest rates, which lowers the borrowing costs of households on their mortgages, or the costs of corporations to borrow by issuing debt.</p><p><blockquote>量化宽松通过降低长期利率来提供帮助，从而鼓励借贷来刺激支出，进而刺激经济。这样做，美联储实际上减少了公开市场上这些债券的可用供应量，迫使想要拥有它们的投资者推高价格。推高债券价格会产生降低利率的效果，从而降低家庭的抵押贷款借贷成本，或者降低企业通过发行债务借贷的成本。</blockquote></p><p> As the Fed eases the pace and pares back the amount of these purchases, tapering begins with the ultimate goal of sending interest rates back to “normal.” Tapering can impact long-term interest rates, as this typically sends a signal to the markets that the Fed is shifting to a less accommodative policy stance in the future. The key is to understand that tapering does not mean the Fed stops purchasing assets, but it just reduces the pace of its balance sheet expansion. This is different than tightening, which means the Fed will no longer add assets to its balance sheet and will instead reduce the assets it holds by selling them — with&nbsp;large companies recently&nbsp;including&nbsp;<b>Caterpillar Inc.</b>&nbsp;and&nbsp;<b>Home Depot</b>&nbsp;taking advantage of to issue new bonds.</p><p><blockquote>随着美联储放缓步伐并减少这些购买的数量，缩减规模的最终目标是让利率回到 “正常 ”水平。缩减规模可能会影响长期利率，因为这通常会向市场发出信号，表明美联储未来正在转向不太宽松的政策立场。关键是要明白，缩减规模并不意味着美联储停止购买资产，而只是放慢了资产负债表扩张的步伐。这不同于紧缩政策，这意味着美联储将不再在其资产负债表上增加资产，而是通过出售资产来减少其持有的资产——最近大公司包括<b>卡特彼勒公司。</b>和<b>家得宝</b>利用这一点发行新债券。</blockquote></p><p> Aside from interest rates, tapering could have an impact on the U.S. dollar. The trajectory of the U.S. dollar is important for investors as it impacts everything from commodity prices to corporate earnings. Higher yields make dollar-denominated assets more attractive to income seeking investors. Tapering is typically bullish for the dollar as it means a move toward tighter monetary policy. Since currencies normally appreciate when their domestic short-term rates rise, as the Fed continues to signal imminent tightening, markets are pricing in higher rates. This offers support to the dollar amid an already choppy risk environment that is a positive for the safe haven dollar. As mentioned above, if the Fed will be buying fewer debt assets, there would be fewer dollars in circulation.</p><p><blockquote>除了利率之外，缩减货币规模也可能对美元产生影响。美元的走势对投资者来说很重要，因为它影响着从大宗商品价格到企业盈利的方方面面。较高的收益率使得以美元计价的资产对寻求收入的投资者更具吸引力。缩减规模通常对美元有利，因为这意味着转向收紧货币政策。由于货币通常会在国内短期利率上升时升值，随着美联储继续发出即将紧缩的信号，市场正在对更高的利率进行定价。这在已经动荡的风险环境中为美元提供了支撑，这对避险美元来说是一个利好。如上所述，如果美联储购买更少的债务资产，流通中的美元就会减少。</blockquote></p><p> The market is anticipating the beginning of the taper process could begin sometime in the fourth quarter of this year, possibly as soon as November. In addition, half of the Fed vice presidents project interest rates rising at some point in 2022. Fed Chairman Powell is anticipating the taper process could end around the middle of next year, as long as the recovery remains on track. The Central Bank has insisted that they expect to keep the funds rate near zero until labor market conditions have reached levels consistent with their projections of maximum employment. We are nowhere near pre-pandemic unemployment levels (with 8.4 million unemployed persons in the U.S. now versus 5.7 million in February 2020). This could lead to concern over whether the Fed risks tightening monetary policy at a time when the economy might be significantly weaker than it already is today. At the end of the day, if the Fed is priming the markets for a taper in the fourth quarter of 2021, we could be in for a period of extended volatility.</p><p><blockquote>市场预计缩减规模进程可能会在今年第四季度的某个时候开始，最早可能在 11 月。此外，一半的美联储副主席预计利率将在 2022 年某个时候上升。美联储主席鲍威尔预计，只要复苏保持正轨，缩减规模进程可能会在明年年中左右结束。央行坚称，他们预计将基金利率保持在接近于零的水平，直到劳动力市场状况达到与其最大就业预测一致的水平。我们远未达到大流行前的失业水平（目前美国有840万人失业，而2020年2月为570万人）。这可能会引发人们对美联储是否会在经济可能比现在明显疲软的时候冒险收紧货币政策的担忧。归根结底，如果美联储在 2021 年第四季度为市场缩减规模做好准备，我们可能会经历一段长期波动的时期。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139202309","content_text":"What happens when the Fed tapers? That is the billion (or trillion) dollar question. Before we delve into the possible outcome(s) though, we must first understand what tapering means.\nIn response to the coronavirus pandemic, the Federal Reserve slashed interest rates to zero in March 2020 to help bolster growth. It also began its $120 billion in monthly asset purchases, a program known as quantitative easing (QE) that has roughly doubled the Fed’s balance sheet to about $8.5 trillion since the start of the pandemic.\n\nSource: Board of Governors of the Federal Reserve System\nQE helps by reducing long-term interest rates, thereby encouraging borrowing to help spur spending, and in turn, the economy. In doing so, the Fed essentially reduces the available supply of these bonds in the open market, forcing investors who want to own them to drive up prices. Driving up bond prices has the effect of lowering interest rates, which lowers the borrowing costs of households on their mortgages, or the costs of corporations to borrow by issuing debt.\nAs the Fed eases the pace and pares back the amount of these purchases, tapering begins with the ultimate goal of sending interest rates back to “normal.” Tapering can impact long-term interest rates, as this typically sends a signal to the markets that the Fed is shifting to a less accommodative policy stance in the future. The key is to understand that tapering does not mean the Fed stops purchasing assets, but it just reduces the pace of its balance sheet expansion. This is different than tightening, which means the Fed will no longer add assets to its balance sheet and will instead reduce the assets it holds by selling them — with large companies recently including Caterpillar Inc. and Home Depot taking advantage of to issue new bonds.\nAside from interest rates, tapering could have an impact on the U.S. dollar. The trajectory of the U.S. dollar is important for investors as it impacts everything from commodity prices to corporate earnings. Higher yields make dollar-denominated assets more attractive to income seeking investors. Tapering is typically bullish for the dollar as it means a move toward tighter monetary policy. Since currencies normally appreciate when their domestic short-term rates rise, as the Fed continues to signal imminent tightening, markets are pricing in higher rates. This offers support to the dollar amid an already choppy risk environment that is a positive for the safe haven dollar. As mentioned above, if the Fed will be buying fewer debt assets, there would be fewer dollars in circulation.\nThe market is anticipating the beginning of the taper process could begin sometime in the fourth quarter of this year, possibly as soon as November. In addition, half of the Fed vice presidents project interest rates rising at some point in 2022. Fed Chairman Powell is anticipating the taper process could end around the middle of next year, as long as the recovery remains on track. The Central Bank has insisted that they expect to keep the funds rate near zero until labor market conditions have reached levels consistent with their projections of maximum employment. We are nowhere near pre-pandemic unemployment levels (with 8.4 million unemployed persons in the U.S. now versus 5.7 million in February 2020). This could lead to concern over whether the Fed risks tightening monetary policy at a time when the economy might be significantly weaker than it already is today. At the end of the day, if the Fed is priming the markets for a taper in the fourth quarter of 2021, we could be in for a period of extended volatility.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":3565,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":829322964,"gmtCreate":1633476117839,"gmtModify":1633476117945,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562566709596645","authorIdStr":"3562566709596645"},"themes":[],"title":"","htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/829322964","repostId":"1101968131","repostType":4,"isVote":1,"tweetType":1,"viewCount":2679,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":820591107,"gmtCreate":1633399623011,"gmtModify":1633399868482,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562566709596645","authorIdStr":"3562566709596645"},"themes":[],"title":"","htmlText":"😞","listText":"😞","text":"😞","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/820591107","repostId":"1196509629","repostType":2,"isVote":1,"tweetType":1,"viewCount":3254,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":860049958,"gmtCreate":1632111359574,"gmtModify":1632802758206,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562566709596645","authorIdStr":"3562566709596645"},"themes":[],"title":"","htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/860049958","repostId":"1147063668","repostType":4,"repost":{"id":"1147063668","kind":"news","pubTimestamp":1632110101,"share":"https://www.laohunote.com/m/news/1147063668?lang=zh_CN&edition=full","pubTime":"2021-09-20 11:55","market":"us","language":"en","title":"GameStop: With Short Interest Of Less Than 15% Don't Expect Another Squeeze<blockquote>游戏驿站：空头利息低于 15%，预计不会再次出现挤压</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147063668","media":"Seeking Alpha","summary":"Summary\n\nGameStop continues to be a struggling video gaming retailer with limited upside and no abil","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>GameStop continues to be a struggling video gaming retailer with limited upside and no ability to create additional shareholder value anytime soon.</li>  <li>With short interest of less than 15%, investors shouldn’t expect to see another squeeze happening in the following months.</li>  <li>We stick to our opinion that it’s better to avoid GameStop, especially since its stock is extremely overvalued at the current price.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ee370c1ebf4419a57b44005fd9139eda\" tg-width=\"1536\" tg-height=\"1050\" width=\"100%\" height=\"auto\"><span>Justin Sullivan/Getty Images News</span></p><p><blockquote><ul><li>游戏驿站仍然是一家陷入困境的视频游戏零售商，上涨空间有限，也没有能力在短期内创造额外的股东价值。</li><li>由于空头利息低于 15%，投资者不应指望在未来几个月内再次出现挤压。</li><li>我们坚持认为，最好避开游戏驿站，尤其是考虑到其股票目前的价格被严重高估。</li></ul><p class=\"t-img-caption\"><span>贾斯汀·沙利文/盖蒂图片社新闻</span></p></blockquote></p><p> It’s safe to say that GameStop’s (GME) squeeze has run its course and with a&nbsp;short interest&nbsp;of less than 15%, investors shouldn’t expect to see another squeeze happening anytime soon. In addition, as GameStop continues to struggle to improve its performance, while the gaming industry experiences double-digit growth, it’s unlikely that the retailer will be able to create additional shareholder value in the foreseeable future. Considering this, we stick to our opinion that it’s better to avoid GameStop, especially since it’s extremely overvalued at the current levels.</p><p><blockquote>可以肯定地说，游戏驿站（GME）的挤压已经结束，由于空头权益不到15%，投资者不应指望很快会看到另一次挤压。此外，由于游戏驿站继续努力提高业绩，而博彩业却实现了两位数的增长，因此在可预见的未来，该零售商不太可能创造额外的股东价值。考虑到这一点，我们坚持认为最好避免游戏驿站，尤其是在目前水平上，它被严重高估的情况下。</blockquote></p><p> <b>Nothing To Look At</b></p><p><blockquote><b>没什么可看的</b></blockquote></p><p> GameStop continues to be a struggling video gaming retailer at this stage. Its business failed to significantly improve during the greatest growth of the video gaming industry in a decade, and it’s unlikely going to improve anytime soon. While retail traders managed to squeeze short-sellers earlier this year, GameStop’s stock failed to gain any traction in recent months. We were right when we said that its momentum is fading away, as the stock is down nearly 7% from when our last&nbsp;article&nbsp;on the company was published in late June, while the S&amp;P 500 is up over 5% for the same period. Going forward, we continue to believe that GameStop’s shares will depreciate even more in the foreseeable future.</p><p><blockquote>现阶段，游戏驿站仍然是一家苦苦挣扎的视频游戏零售商。在视频游戏行业十年来最大的增长时期，该公司的业务未能明显改善，而且短期内也不太可能好转。虽然零售商在今年早些时候设法挤压了卖空者，但游戏驿站的股票在最近几个月却未能获得任何牵引力。当我们说它的势头正在消退时，我们是对的，因为自我们 6 月底发表有关该公司的上一篇文章以来，该股已下跌近 7%，而标普500同期上涨超过 5%。展望未来，我们仍然相信，在可预见的未来，游戏驿站的股价将进一步贬值。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4696f8a9da1fed768fa7fb834d81999b\" tg-width=\"1280\" tg-height=\"443\" width=\"100%\" height=\"auto\"><span>Chart: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>图表：寻求阿尔法</span></p></blockquote></p><p> Just last week GameStop&nbsp;released&nbsp;its Q2 earnings results. During the period, the company managed to generate only $1.18 billion in revenues, up 25.3% Y/Y, barely beating the estimates by $60 million. The problem is that a 25.3% Y/Y growth is terrible for a company such as GameStop since lots of its stores were shut down during the same period last year due to the pandemic and a minimal amount of revenue was generated. On top of that, the company’s non-GAAP EPS was -$0.76, below the estimates by $0.09, while its net loss stood at $61.6 million.</p><p><blockquote>就在上周，游戏驿站发布了第二季度盈利结果。在此期间，该公司仅创造了11.8亿美元的收入，同比增长25.3%，仅比预期高出6000万美元。问题是，对于游戏驿站这样的公司来说，25.3%的同比增长是可怕的，因为去年同期，由于疫情，该公司的许多商店关闭，产生的收入微乎其微。除此之外，该公司的非美国通用会计准则每股收益为-0.76美元，比预期低0.09美元，净亏损为6160万美元。</blockquote></p><p> The biggest downside of GameStop is that it doesn’t have any unique positioning in the video gaming industry. The company acts as a middleman with no clear advantages to publishers or consumers, while at the same time its retail-focused business model is unable to adapt to the new reality where games can be easily and legally downloaded online. Another problem of GameStop is that at the end of Q2 most of its revenues come from the sale of hardware such as consoles, which were released last year. Once the demand for new devices decreases over time, the sales of the hardware side of the business will decline as well.</p><p><blockquote>游戏驿站最大的缺点是它在视频游戏行业没有任何独特的定位。该公司充当中间商，对发行商或消费者没有明显优势，同时其以零售为中心的商业模式无法适应游戏可以轻松合法地在线下载的新现实。游戏驿站的另一个问题是，在Q2末，其大部分收入来自去年发布的游戏机等硬件的销售。一旦对新设备的需求随着时间的推移而减少，硬件方面的销售也会下降。</blockquote></p><p> With Ryan Cohen as the new chairman of the board, the goal of GameStop right now is to pivot to the eCommerce business. However, we find it hard to believe that the company has a decent shot of becoming a video gaming behemoth in the eCommerce field. The problem is that GameStop doesn’t have any pricing power in the software business, as publishers such as Microsoft (MSFT), Sony (SNE), Ubisoft (OTCPK:UBSFY), Electronic Arts (EA), and others are already ahead of GameStop in online presence. Most of them have their own first-party subscription services that make it more attractive for gamers to use the services directly and play games at a significant discount rather than buy games from GameStop. On top of that, cloud gaming becomes more of a reality with each passing year thanks to the introduction of services such as PlayStation Now and Xbox Cloud Gaming, which let consumers play games without owning them in the first place. As the industry continues to digitize more and more every year, GameStop will continue to lose market share, as its retail stores will continue to drain the cash, while eCommerce efforts are unlikely going to generate meaningful returns anytime soon.</p><p><blockquote>随着Ryan Cohen成为新的董事会主席，游戏驿站现在的目标是转向电子商务业务。然而，我们很难相信该公司有机会成为电子商务领域的视频游戏巨头。问题在于，游戏驿站在软件业务中没有任何定价权，因为微软（MSFT）、索尼公司（SNE）、育碧（OTCPK:UBSFY）、艺电（EA）等出版商在在线业务方面已经领先于游戏驿站。他们中的大多数都有自己的第一方订阅服务，这使得游戏玩家直接使用服务并以大幅折扣玩游戏比从游戏驿站购买游戏更具吸引力。最重要的是，由于PlayStation Now和Xbox Cloud Gaming等服务的推出，云游戏每年都变得更加现实，这些服务让消费者可以在不拥有游戏的情况下玩游戏。随着该行业每年都越来越数字化，游戏驿站将继续失去市场份额，因为其零售店将继续耗尽现金，而电子商务努力不太可能很快产生有意义的回报。</blockquote></p><p> Another downside of GameStop is that the management has been quiet about how GameStop will transform itself, leaving investors in the dark. No questions from analysts were taken during the last three conference calls and no guidance was issued as well. We consider this to be a major red flag and believe this to be one of the main reasons why GameStop is an unattractive investment.</p><p><blockquote>游戏驿站的另一个缺点是，管理层对游戏驿站将如何转型保持沉默，让投资者蒙在鼓里。在过去的三次会议评级中，没有回答分析师的问题，也没有发布任何指导意见。我们认为这是一个重大危险信号，并认为这是游戏驿站缺乏吸引力的投资的主要原因之一。</blockquote></p><p></p><p> The only positive thing about the company is that it doesn’t have an overleveraged balance sheet, as its liquidity at the end of Q2&nbsp;stood&nbsp;at $1.72 billion, while long-term debt was only $47.5 million. However, other than that, we don’t see any other upside of GameStop and believe that its momentum will continue to fade. It’s already safe to say that the squeeze has run its course, as the stock has a short interest of less than 15%, and there are no catalysts for growth at the current levels. On top of that, the company’s annual revenue is unlikely to return to pre-pandemic levels anytime soon. Currently, the business is expected to continue to generate less than $6 billion in annual revenues this year, as its retail-focused business model is slowly dying, while the video gaming industry continues to grow at a double-digit rate every year.</p><p><blockquote>该公司唯一的积极因素是它的资产负债表没有过度杠杆化，因为第二季度末的流动性为 17.2 亿美元，而长期债务仅为 4750 万美元。然而，除此之外，我们看不到游戏驿站的任何其他优势，并认为其发展势头将继续减弱。可以肯定地说，挤压已经结束，因为该股的空头权益不到 15%，而且在目前的水平上没有增长的催化剂。除此之外，该公司的年收入不太可能很快恢复到大流行前的水平。目前，该业务预计今年的年收入将继续低于60亿美元，因为其以零售为中心的商业模式正在慢慢消亡，而视频游戏行业每年继续以两位数的速度增长。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb72f458ec8ffd4315f63b7f456e4b13\" tg-width=\"875\" tg-height=\"375\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：Seeking Alpha</span></p></blockquote></p><p> In addition, GameStop’s business has been unprofitable in the last three years when the gaming industry was growing, and it’s likely going to remain unprofitable this year, as nearly all of the company’s profitability&nbsp;metrics&nbsp;are below the sector median, while most of its margins are negative.</p><p><blockquote>此外，在过去三年博彩业发展的时候，游戏驿站的业务一直没有盈利，今年也很可能继续没有盈利，因为该公司几乎所有的盈利指标都低于行业中位数，而大部分利润率都为负值。</blockquote></p><p> Considering all of this, we find it hard to justify buying GameStop’s stock at a ~$15 billion market cap, as we see no catalysts that could’ve helped the business to improve its performance in the future. Also, most of the street analysts remain bearish on the stock, as the current&nbsp;consensus&nbsp;price target for GameStop’s shares is $37.50 per share, which represents more than 75% downside from the current market price. For that reason, we stick to our opinion that the momentum is fading away and it’s better to avoid GameStop at this stage.</p><p><blockquote>考虑到所有这些，我们发现很难证明以约 150 亿美元的市值购买游戏驿站的股票是合理的，因为我们没有看到任何催化剂可以帮助该公司改善未来的业绩。此外，大多数华尔街分析师仍然看跌该股，因为游戏驿站股票目前的一致目标价为每股 37.50 美元，比当前市场价格下跌了 75% 以上。因此，我们坚持认为，势头正在消退，现阶段最好避免游戏驿站。</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>GameStop: With Short Interest Of Less Than 15% Don't Expect Another Squeeze<blockquote>游戏驿站：空头利息低于 15%，预计不会再次出现挤压</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\">\nGameStop: With Short Interest Of Less Than 15% Don't Expect Another Squeeze<blockquote>游戏驿站：空头利息低于 15%，预计不会再次出现挤压</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-09-20 11:55</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>GameStop continues to be a struggling video gaming retailer with limited upside and no ability to create additional shareholder value anytime soon.</li>  <li>With short interest of less than 15%, investors shouldn’t expect to see another squeeze happening in the following months.</li>  <li>We stick to our opinion that it’s better to avoid GameStop, especially since its stock is extremely overvalued at the current price.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ee370c1ebf4419a57b44005fd9139eda\" tg-width=\"1536\" tg-height=\"1050\" width=\"100%\" height=\"auto\"><span>Justin Sullivan/Getty Images News</span></p><p><blockquote><ul><li>游戏驿站仍然是一家陷入困境的视频游戏零售商，上涨空间有限，也没有能力在短期内创造额外的股东价值。</li><li>由于空头利息低于 15%，投资者不应指望在未来几个月内再次出现挤压。</li><li>我们坚持认为，最好避开游戏驿站，尤其是考虑到其股票目前的价格被严重高估。</li></ul><p class=\"t-img-caption\"><span>贾斯汀·沙利文/盖蒂图片社新闻</span></p></blockquote></p><p> It’s safe to say that GameStop’s (GME) squeeze has run its course and with a&nbsp;short interest&nbsp;of less than 15%, investors shouldn’t expect to see another squeeze happening anytime soon. In addition, as GameStop continues to struggle to improve its performance, while the gaming industry experiences double-digit growth, it’s unlikely that the retailer will be able to create additional shareholder value in the foreseeable future. Considering this, we stick to our opinion that it’s better to avoid GameStop, especially since it’s extremely overvalued at the current levels.</p><p><blockquote>可以肯定地说，游戏驿站（GME）的挤压已经结束，由于空头权益不到15%，投资者不应指望很快会看到另一次挤压。此外，由于游戏驿站继续努力提高业绩，而博彩业却实现了两位数的增长，因此在可预见的未来，该零售商不太可能创造额外的股东价值。考虑到这一点，我们坚持认为最好避免游戏驿站，尤其是在目前水平上，它被严重高估的情况下。</blockquote></p><p> <b>Nothing To Look At</b></p><p><blockquote><b>没什么可看的</b></blockquote></p><p> GameStop continues to be a struggling video gaming retailer at this stage. Its business failed to significantly improve during the greatest growth of the video gaming industry in a decade, and it’s unlikely going to improve anytime soon. While retail traders managed to squeeze short-sellers earlier this year, GameStop’s stock failed to gain any traction in recent months. We were right when we said that its momentum is fading away, as the stock is down nearly 7% from when our last&nbsp;article&nbsp;on the company was published in late June, while the S&amp;P 500 is up over 5% for the same period. Going forward, we continue to believe that GameStop’s shares will depreciate even more in the foreseeable future.</p><p><blockquote>现阶段，游戏驿站仍然是一家苦苦挣扎的视频游戏零售商。在视频游戏行业十年来最大的增长时期，该公司的业务未能明显改善，而且短期内也不太可能好转。虽然零售商在今年早些时候设法挤压了卖空者，但游戏驿站的股票在最近几个月却未能获得任何牵引力。当我们说它的势头正在消退时，我们是对的，因为自我们 6 月底发表有关该公司的上一篇文章以来，该股已下跌近 7%，而标普500同期上涨超过 5%。展望未来，我们仍然相信，在可预见的未来，游戏驿站的股价将进一步贬值。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4696f8a9da1fed768fa7fb834d81999b\" tg-width=\"1280\" tg-height=\"443\" width=\"100%\" height=\"auto\"><span>Chart: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>图表：寻求阿尔法</span></p></blockquote></p><p> Just last week GameStop&nbsp;released&nbsp;its Q2 earnings results. During the period, the company managed to generate only $1.18 billion in revenues, up 25.3% Y/Y, barely beating the estimates by $60 million. The problem is that a 25.3% Y/Y growth is terrible for a company such as GameStop since lots of its stores were shut down during the same period last year due to the pandemic and a minimal amount of revenue was generated. On top of that, the company’s non-GAAP EPS was -$0.76, below the estimates by $0.09, while its net loss stood at $61.6 million.</p><p><blockquote>就在上周，游戏驿站发布了第二季度盈利结果。在此期间，该公司仅创造了11.8亿美元的收入，同比增长25.3%，仅比预期高出6000万美元。问题是，对于游戏驿站这样的公司来说，25.3%的同比增长是可怕的，因为去年同期，由于疫情，该公司的许多商店关闭，产生的收入微乎其微。除此之外，该公司的非美国通用会计准则每股收益为-0.76美元，比预期低0.09美元，净亏损为6160万美元。</blockquote></p><p> The biggest downside of GameStop is that it doesn’t have any unique positioning in the video gaming industry. The company acts as a middleman with no clear advantages to publishers or consumers, while at the same time its retail-focused business model is unable to adapt to the new reality where games can be easily and legally downloaded online. Another problem of GameStop is that at the end of Q2 most of its revenues come from the sale of hardware such as consoles, which were released last year. Once the demand for new devices decreases over time, the sales of the hardware side of the business will decline as well.</p><p><blockquote>游戏驿站最大的缺点是它在视频游戏行业没有任何独特的定位。该公司充当中间商，对发行商或消费者没有明显优势，同时其以零售为中心的商业模式无法适应游戏可以轻松合法地在线下载的新现实。游戏驿站的另一个问题是，在Q2末，其大部分收入来自去年发布的游戏机等硬件的销售。一旦对新设备的需求随着时间的推移而减少，硬件方面的销售也会下降。</blockquote></p><p> With Ryan Cohen as the new chairman of the board, the goal of GameStop right now is to pivot to the eCommerce business. However, we find it hard to believe that the company has a decent shot of becoming a video gaming behemoth in the eCommerce field. The problem is that GameStop doesn’t have any pricing power in the software business, as publishers such as Microsoft (MSFT), Sony (SNE), Ubisoft (OTCPK:UBSFY), Electronic Arts (EA), and others are already ahead of GameStop in online presence. Most of them have their own first-party subscription services that make it more attractive for gamers to use the services directly and play games at a significant discount rather than buy games from GameStop. On top of that, cloud gaming becomes more of a reality with each passing year thanks to the introduction of services such as PlayStation Now and Xbox Cloud Gaming, which let consumers play games without owning them in the first place. As the industry continues to digitize more and more every year, GameStop will continue to lose market share, as its retail stores will continue to drain the cash, while eCommerce efforts are unlikely going to generate meaningful returns anytime soon.</p><p><blockquote>随着Ryan Cohen成为新的董事会主席，游戏驿站现在的目标是转向电子商务业务。然而，我们很难相信该公司有机会成为电子商务领域的视频游戏巨头。问题在于，游戏驿站在软件业务中没有任何定价权，因为微软（MSFT）、索尼公司（SNE）、育碧（OTCPK:UBSFY）、艺电（EA）等出版商在在线业务方面已经领先于游戏驿站。他们中的大多数都有自己的第一方订阅服务，这使得游戏玩家直接使用服务并以大幅折扣玩游戏比从游戏驿站购买游戏更具吸引力。最重要的是，由于PlayStation Now和Xbox Cloud Gaming等服务的推出，云游戏每年都变得更加现实，这些服务让消费者可以在不拥有游戏的情况下玩游戏。随着该行业每年都越来越数字化，游戏驿站将继续失去市场份额，因为其零售店将继续耗尽现金，而电子商务努力不太可能很快产生有意义的回报。</blockquote></p><p> Another downside of GameStop is that the management has been quiet about how GameStop will transform itself, leaving investors in the dark. No questions from analysts were taken during the last three conference calls and no guidance was issued as well. We consider this to be a major red flag and believe this to be one of the main reasons why GameStop is an unattractive investment.</p><p><blockquote>游戏驿站的另一个缺点是，管理层对游戏驿站将如何转型保持沉默，让投资者蒙在鼓里。在过去的三次会议评级中，没有回答分析师的问题，也没有发布任何指导意见。我们认为这是一个重大危险信号，并认为这是游戏驿站缺乏吸引力的投资的主要原因之一。</blockquote></p><p></p><p> The only positive thing about the company is that it doesn’t have an overleveraged balance sheet, as its liquidity at the end of Q2&nbsp;stood&nbsp;at $1.72 billion, while long-term debt was only $47.5 million. However, other than that, we don’t see any other upside of GameStop and believe that its momentum will continue to fade. It’s already safe to say that the squeeze has run its course, as the stock has a short interest of less than 15%, and there are no catalysts for growth at the current levels. On top of that, the company’s annual revenue is unlikely to return to pre-pandemic levels anytime soon. Currently, the business is expected to continue to generate less than $6 billion in annual revenues this year, as its retail-focused business model is slowly dying, while the video gaming industry continues to grow at a double-digit rate every year.</p><p><blockquote>该公司唯一的积极因素是它的资产负债表没有过度杠杆化，因为第二季度末的流动性为 17.2 亿美元，而长期债务仅为 4750 万美元。然而，除此之外，我们看不到游戏驿站的任何其他优势，并认为其发展势头将继续减弱。可以肯定地说，挤压已经结束，因为该股的空头权益不到 15%，而且在目前的水平上没有增长的催化剂。除此之外，该公司的年收入不太可能很快恢复到大流行前的水平。目前，该业务预计今年的年收入将继续低于60亿美元，因为其以零售为中心的商业模式正在慢慢消亡，而视频游戏行业每年继续以两位数的速度增长。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb72f458ec8ffd4315f63b7f456e4b13\" tg-width=\"875\" tg-height=\"375\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：Seeking Alpha</span></p></blockquote></p><p> In addition, GameStop’s business has been unprofitable in the last three years when the gaming industry was growing, and it’s likely going to remain unprofitable this year, as nearly all of the company’s profitability&nbsp;metrics&nbsp;are below the sector median, while most of its margins are negative.</p><p><blockquote>此外，在过去三年博彩业发展的时候，游戏驿站的业务一直没有盈利，今年也很可能继续没有盈利，因为该公司几乎所有的盈利指标都低于行业中位数，而大部分利润率都为负值。</blockquote></p><p> Considering all of this, we find it hard to justify buying GameStop’s stock at a ~$15 billion market cap, as we see no catalysts that could’ve helped the business to improve its performance in the future. Also, most of the street analysts remain bearish on the stock, as the current&nbsp;consensus&nbsp;price target for GameStop’s shares is $37.50 per share, which represents more than 75% downside from the current market price. For that reason, we stick to our opinion that the momentum is fading away and it’s better to avoid GameStop at this stage.</p><p><blockquote>考虑到所有这些，我们发现很难证明以约 150 亿美元的市值购买游戏驿站的股票是合理的，因为我们没有看到任何催化剂可以帮助该公司改善未来的业绩。此外，大多数华尔街分析师仍然看跌该股，因为游戏驿站股票目前的一致目标价为每股 37.50 美元，比当前市场价格下跌了 75% 以上。因此，我们坚持认为，势头正在消退，现阶段最好避免游戏驿站。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4455492-gamestop-with-short-interest-of-less-than-15-percent-dont-expect-another-squeeze\">Seeking Alpha</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":{"GME":"游戏驿站"},"source_url":"https://seekingalpha.com/article/4455492-gamestop-with-short-interest-of-less-than-15-percent-dont-expect-another-squeeze","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147063668","content_text":"Summary\n\nGameStop continues to be a struggling video gaming retailer with limited upside and no ability to create additional shareholder value anytime soon.\nWith short interest of less than 15%, investors shouldn’t expect to see another squeeze happening in the following months.\nWe stick to our opinion that it’s better to avoid GameStop, especially since its stock is extremely overvalued at the current price.\n\nJustin Sullivan/Getty Images News\nIt’s safe to say that GameStop’s (GME) squeeze has run its course and with a short interest of less than 15%, investors shouldn’t expect to see another squeeze happening anytime soon. In addition, as GameStop continues to struggle to improve its performance, while the gaming industry experiences double-digit growth, it’s unlikely that the retailer will be able to create additional shareholder value in the foreseeable future. Considering this, we stick to our opinion that it’s better to avoid GameStop, especially since it’s extremely overvalued at the current levels.\nNothing To Look At\nGameStop continues to be a struggling video gaming retailer at this stage. Its business failed to significantly improve during the greatest growth of the video gaming industry in a decade, and it’s unlikely going to improve anytime soon. While retail traders managed to squeeze short-sellers earlier this year, GameStop’s stock failed to gain any traction in recent months. We were right when we said that its momentum is fading away, as the stock is down nearly 7% from when our last article on the company was published in late June, while the S&P 500 is up over 5% for the same period. Going forward, we continue to believe that GameStop’s shares will depreciate even more in the foreseeable future.\nChart: Seeking Alpha\nJust last week GameStop released its Q2 earnings results. During the period, the company managed to generate only $1.18 billion in revenues, up 25.3% Y/Y, barely beating the estimates by $60 million. The problem is that a 25.3% Y/Y growth is terrible for a company such as GameStop since lots of its stores were shut down during the same period last year due to the pandemic and a minimal amount of revenue was generated. On top of that, the company’s non-GAAP EPS was -$0.76, below the estimates by $0.09, while its net loss stood at $61.6 million.\nThe biggest downside of GameStop is that it doesn’t have any unique positioning in the video gaming industry. The company acts as a middleman with no clear advantages to publishers or consumers, while at the same time its retail-focused business model is unable to adapt to the new reality where games can be easily and legally downloaded online. Another problem of GameStop is that at the end of Q2 most of its revenues come from the sale of hardware such as consoles, which were released last year. Once the demand for new devices decreases over time, the sales of the hardware side of the business will decline as well.\nWith Ryan Cohen as the new chairman of the board, the goal of GameStop right now is to pivot to the eCommerce business. However, we find it hard to believe that the company has a decent shot of becoming a video gaming behemoth in the eCommerce field. The problem is that GameStop doesn’t have any pricing power in the software business, as publishers such as Microsoft (MSFT), Sony (SNE), Ubisoft (OTCPK:UBSFY), Electronic Arts (EA), and others are already ahead of GameStop in online presence. Most of them have their own first-party subscription services that make it more attractive for gamers to use the services directly and play games at a significant discount rather than buy games from GameStop. On top of that, cloud gaming becomes more of a reality with each passing year thanks to the introduction of services such as PlayStation Now and Xbox Cloud Gaming, which let consumers play games without owning them in the first place. As the industry continues to digitize more and more every year, GameStop will continue to lose market share, as its retail stores will continue to drain the cash, while eCommerce efforts are unlikely going to generate meaningful returns anytime soon.\nAnother downside of GameStop is that the management has been quiet about how GameStop will transform itself, leaving investors in the dark. No questions from analysts were taken during the last three conference calls and no guidance was issued as well. We consider this to be a major red flag and believe this to be one of the main reasons why GameStop is an unattractive investment.\nThe only positive thing about the company is that it doesn’t have an overleveraged balance sheet, as its liquidity at the end of Q2 stood at $1.72 billion, while long-term debt was only $47.5 million. However, other than that, we don’t see any other upside of GameStop and believe that its momentum will continue to fade. It’s already safe to say that the squeeze has run its course, as the stock has a short interest of less than 15%, and there are no catalysts for growth at the current levels. On top of that, the company’s annual revenue is unlikely to return to pre-pandemic levels anytime soon. Currently, the business is expected to continue to generate less than $6 billion in annual revenues this year, as its retail-focused business model is slowly dying, while the video gaming industry continues to grow at a double-digit rate every year.\nSource: Seeking Alpha\nIn addition, GameStop’s business has been unprofitable in the last three years when the gaming industry was growing, and it’s likely going to remain unprofitable this year, as nearly all of the company’s profitability metrics are below the sector median, while most of its margins are negative.\nConsidering all of this, we find it hard to justify buying GameStop’s stock at a ~$15 billion market cap, as we see no catalysts that could’ve helped the business to improve its performance in the future. Also, most of the street analysts remain bearish on the stock, as the current consensus price target for GameStop’s shares is $37.50 per share, which represents more than 75% downside from the current market price. For that reason, we stick to our opinion that the momentum is fading away and it’s better to avoid GameStop at this stage.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":2355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888859571,"gmtCreate":1631489712893,"gmtModify":1631891356364,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562566709596645","authorIdStr":"3562566709596645"},"themes":[],"title":"","htmlText":"Maybe&nbsp;","listText":"Maybe&nbsp;","text":"Maybe","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/888859571","repostId":"2166772293","repostType":4,"isVote":1,"tweetType":1,"viewCount":3130,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":881739669,"gmtCreate":1631403646451,"gmtModify":1631891356381,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562566709596645","authorIdStr":"3562566709596645"},"themes":[],"title":"","htmlText":"Seriously&nbsp;","listText":"Seriously&nbsp;","text":"Seriously","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/881739669","repostId":"1127699574","repostType":4,"isVote":1,"tweetType":1,"viewCount":2377,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":881135203,"gmtCreate":1631315859802,"gmtModify":1631891356387,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562566709596645","authorIdStr":"3562566709596645"},"themes":[],"title":"","htmlText":"Will up again","listText":"Will up again","text":"Will up again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/881135203","repostId":"2166711943","repostType":4,"isVote":1,"tweetType":1,"viewCount":2384,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":883152267,"gmtCreate":1631229442959,"gmtModify":1631891356398,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562566709596645","authorIdStr":"3562566709596645"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/883152267","repostId":"2166341028","repostType":4,"isVote":1,"tweetType":1,"viewCount":2292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815775094,"gmtCreate":1630723348018,"gmtModify":1631891356412,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562566709596645","authorIdStr":"3562566709596645"},"themes":[],"title":"","htmlText":"Stong&nbsp;","listText":"Stong&nbsp;","text":"Stong","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/815775094","repostId":"1186003479","repostType":4,"isVote":1,"tweetType":1,"viewCount":3695,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812756463,"gmtCreate":1630626849652,"gmtModify":1631891356424,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562566709596645","authorIdStr":"3562566709596645"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/812756463","repostId":"1149132027","repostType":4,"isVote":1,"tweetType":1,"viewCount":554,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818369495,"gmtCreate":1630376700317,"gmtModify":1704959359613,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562566709596645","authorIdStr":"3562566709596645"},"themes":[],"title":"","htmlText":"Exp","listText":"Exp","text":"Exp","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/818369495","repostId":"1123102412","repostType":4,"isVote":1,"tweetType":1,"viewCount":502,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177405842,"gmtCreate":1627256307486,"gmtModify":1631891356446,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562566709596645","authorIdStr":"3562566709596645"},"themes":[],"title":"","htmlText":"Major change","listText":"Major change","text":"Major change","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/177405842","repostId":"2154328679","repostType":4,"isVote":1,"tweetType":1,"viewCount":594,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148133908,"gmtCreate":1625957467804,"gmtModify":1631891356461,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562566709596645","authorIdStr":"3562566709596645"},"themes":[],"title":"","htmlText":"Please like","listText":"Please like","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/148133908","repostId":"1177397700","repostType":4,"isVote":1,"tweetType":1,"viewCount":758,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154536132,"gmtCreate":1625533464326,"gmtModify":1631891356472,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562566709596645","authorIdStr":"3562566709596645"},"themes":[],"title":"","htmlText":"Strong","listText":"Strong","text":"Strong","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/154536132","repostId":"1123392624","repostType":4,"repost":{"id":"1123392624","kind":"news","pubTimestamp":1625531264,"share":"https://www.laohunote.com/m/news/1123392624?lang=zh_CN&edition=full","pubTime":"2021-07-06 08:27","market":"us","language":"en","title":"Samsung Electronics Q2 profit likely up 38% on strong chip prices<blockquote>由于芯片价格强劲，三星电子第二季度利润可能增长 38%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1123392624","media":"Reuters","summary":"Summary\n\nQ2 operating profit estimated at 11.3 trln won\nSurging chip prices, shipments boost profit\n","content":"<p><li>Summary</li> <ul>  <li>Q2 operating profit estimated at 11.3 trln won</li>  <li>Surging chip prices, shipments boost profit</li>  <li>Revenue estimated up 15.4%</li>  <li>Smartphones shipments likely fell on quarter</li> </ul> SEOUL, July 6 (Reuters) - Samsung Electronics Co Ltd(005930.KS)likely saw a 38% surge in profit for the April-June quarter thanks to strong chip prices and demand spurred by a pandemic-led consumer appetite for electronics as well as recovering investment in data centres.</p><p><blockquote><li>总结</li><ul><li>第二季度营业利润预计为11.3万亿韩元</li><li>芯片价格飙升，出货量提振利润</li><li>收入预计增长 15.4%</li><li>智能手机出货量可能环比下降</li></ul>路透首尔 7 月 6 日 - 三星电子有限公司 (005930.KS) 4 月至 6 月季度利润可能飙升 38%，这得益于芯片价格强劲以及疫情引领的消费者对电子产品的需求以及数据中心投资的复苏。</blockquote></p><p> Operating profit for the world's biggest memory chip and smartphone maker likely jumped to 11.3 trillion won ($10 billion), according to a Refinitiv SmartEstimate drawn from 20 analysts and weighted toward those who are more consistently accurate.</p><p><blockquote>根据 Refinitiv SmartEstimate，这家全球最大的存储芯片和智能手机制造商的营业利润可能跃升至 11.3 万亿韩元（100 亿美元），该估算倾向于那些持续准确的分析师。</blockquote></p><p> The South Korean tech giant's strong performance - coming despite it shipping fewer smartphones than in January-March - underscores the stratospheric demand for chips that has depleted stockpiles and filled production capacity.</p><p><blockquote>这家韩国科技巨头的强劲表现——尽管其智能手机出货量低于 1 月至 3 月——凸显了对芯片的巨大需求，这耗尽了库存，填满了产能。</blockquote></p><p> The result would be up 20% from the first quarter and mark Samsung's highest operating income for the second quarter since 2018. Revenue likely rose 15.4%.</p><p><blockquote>这一结果将比第一季度增长 20%，标志着三星自 2018 年以来第二季度的最高经营利润。收入可能增长 15.4%。</blockquote></p><p> Samsung is scheduled to announce preliminary second-quarter results on Wednesday.</p><p><blockquote>三星定于周三公布第二季度初步业绩。</blockquote></p><p> The company's chip division likely benefited from memory chip price hikes that exceeded market estimates, analysts said, while shipments grew as well.</p><p><blockquote>分析师表示，该公司的芯片部门可能受益于存储芯片价格上涨超出市场预期，同时出货量也有所增长。</blockquote></p><p> Prices of DRAM chips, widely used in servers, mobile phones and other computing devices, jumped 27% compared to the March quarter, while those of NAND flash chips that serve the data storage market rose 8.6%, according to research provider Trendforce.</p><p><blockquote>根据研究提供商Trendforce的数据，广泛用于服务器、手机和其他计算设备的DRAM芯片的价格比3月份季度上涨了27%，而服务于数据存储市场的NAND闪存芯片的价格上涨了8.6%。</blockquote></p><p> Profit also improved at Samsung's chip-contract manufacturing and logic chip design business, partly because operations at its storm-hit Texas factory returned to normal, analysts said.</p><p><blockquote>分析师表示，三星芯片合同制造和逻辑芯片设计业务的利润也有所改善，部分原因是其遭受风暴袭击的德克萨斯州工厂的运营恢复正常。</blockquote></p><p> They estimated the chip division's operating profit in April-June rose about 22% from the year-earlier period to about 6.6 trillion won.</p><p><blockquote>他们估计芯片部门4月至6月的营业利润同比增长约22%，达到约6.6万亿韩元。</blockquote></p><p> Still, Samsung's smartphone shipments dropped to about 59 million in April-June from about 76 million in the first quarter, according to Shinyoung Investment &amp; Securities, as sales slowed for its latest flagship model, launched in mid-January.</p><p><blockquote>尽管如此，根据Shinyoung Investment &amp; Securities的数据，三星4月至6月的智能手机出货量从第一季度的约7600万部降至约5900万部，原因是其1月中旬推出的最新旗舰机型销售放缓。</blockquote></p><p> Reduced demand from India, hard hit by the pandemic during the quarter, as well as tight supply for some mobile processor chips may also have affected shipments, analysts said, estimating the mobile business' operating profit at about 2.9 trillion won.</p><p><blockquote>分析师表示，印度本季度受到疫情严重打击，需求减少，以及一些移动处理器芯片供应紧张，也可能影响出货量，预计移动业务的营业利润约为 2.9 万亿韩元。</blockquote></p><p> ($1 = 1,129.2800 won)</p><p><blockquote>（1美元 = 1,129.2800韩元）</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>Samsung Electronics Q2 profit likely up 38% on strong chip prices<blockquote>由于芯片价格强劲，三星电子第二季度利润可能增长 38%</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\">\nSamsung Electronics Q2 profit likely up 38% on strong chip prices<blockquote>由于芯片价格强劲，三星电子第二季度利润可能增长 38%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-07-06 08:27</span>\n</p>\n</h4>\n</header>\n<article>\n<p><li>Summary</li> <ul>  <li>Q2 operating profit estimated at 11.3 trln won</li>  <li>Surging chip prices, shipments boost profit</li>  <li>Revenue estimated up 15.4%</li>  <li>Smartphones shipments likely fell on quarter</li> </ul> SEOUL, July 6 (Reuters) - Samsung Electronics Co Ltd(005930.KS)likely saw a 38% surge in profit for the April-June quarter thanks to strong chip prices and demand spurred by a pandemic-led consumer appetite for electronics as well as recovering investment in data centres.</p><p><blockquote><li>总结</li><ul><li>第二季度营业利润预计为11.3万亿韩元</li><li>芯片价格飙升，出货量提振利润</li><li>收入预计增长 15.4%</li><li>智能手机出货量可能环比下降</li></ul>路透首尔 7 月 6 日 - 三星电子有限公司 (005930.KS) 4 月至 6 月季度利润可能飙升 38%，这得益于芯片价格强劲以及疫情引领的消费者对电子产品的需求以及数据中心投资的复苏。</blockquote></p><p> Operating profit for the world's biggest memory chip and smartphone maker likely jumped to 11.3 trillion won ($10 billion), according to a Refinitiv SmartEstimate drawn from 20 analysts and weighted toward those who are more consistently accurate.</p><p><blockquote>根据 Refinitiv SmartEstimate，这家全球最大的存储芯片和智能手机制造商的营业利润可能跃升至 11.3 万亿韩元（100 亿美元），该估算倾向于那些持续准确的分析师。</blockquote></p><p> The South Korean tech giant's strong performance - coming despite it shipping fewer smartphones than in January-March - underscores the stratospheric demand for chips that has depleted stockpiles and filled production capacity.</p><p><blockquote>这家韩国科技巨头的强劲表现——尽管其智能手机出货量低于 1 月至 3 月——凸显了对芯片的巨大需求，这耗尽了库存，填满了产能。</blockquote></p><p> The result would be up 20% from the first quarter and mark Samsung's highest operating income for the second quarter since 2018. Revenue likely rose 15.4%.</p><p><blockquote>这一结果将比第一季度增长 20%，标志着三星自 2018 年以来第二季度的最高经营利润。收入可能增长 15.4%。</blockquote></p><p> Samsung is scheduled to announce preliminary second-quarter results on Wednesday.</p><p><blockquote>三星定于周三公布第二季度初步业绩。</blockquote></p><p> The company's chip division likely benefited from memory chip price hikes that exceeded market estimates, analysts said, while shipments grew as well.</p><p><blockquote>分析师表示，该公司的芯片部门可能受益于存储芯片价格上涨超出市场预期，同时出货量也有所增长。</blockquote></p><p> Prices of DRAM chips, widely used in servers, mobile phones and other computing devices, jumped 27% compared to the March quarter, while those of NAND flash chips that serve the data storage market rose 8.6%, according to research provider Trendforce.</p><p><blockquote>根据研究提供商Trendforce的数据，广泛用于服务器、手机和其他计算设备的DRAM芯片的价格比3月份季度上涨了27%，而服务于数据存储市场的NAND闪存芯片的价格上涨了8.6%。</blockquote></p><p> Profit also improved at Samsung's chip-contract manufacturing and logic chip design business, partly because operations at its storm-hit Texas factory returned to normal, analysts said.</p><p><blockquote>分析师表示，三星芯片合同制造和逻辑芯片设计业务的利润也有所改善，部分原因是其遭受风暴袭击的德克萨斯州工厂的运营恢复正常。</blockquote></p><p> They estimated the chip division's operating profit in April-June rose about 22% from the year-earlier period to about 6.6 trillion won.</p><p><blockquote>他们估计芯片部门4月至6月的营业利润同比增长约22%，达到约6.6万亿韩元。</blockquote></p><p> Still, Samsung's smartphone shipments dropped to about 59 million in April-June from about 76 million in the first quarter, according to Shinyoung Investment &amp; Securities, as sales slowed for its latest flagship model, launched in mid-January.</p><p><blockquote>尽管如此，根据Shinyoung Investment &amp; Securities的数据，三星4月至6月的智能手机出货量从第一季度的约7600万部降至约5900万部，原因是其1月中旬推出的最新旗舰机型销售放缓。</blockquote></p><p> Reduced demand from India, hard hit by the pandemic during the quarter, as well as tight supply for some mobile processor chips may also have affected shipments, analysts said, estimating the mobile business' operating profit at about 2.9 trillion won.</p><p><blockquote>分析师表示，印度本季度受到疫情严重打击，需求减少，以及一些移动处理器芯片供应紧张，也可能影响出货量，预计移动业务的营业利润约为 2.9 万亿韩元。</blockquote></p><p> ($1 = 1,129.2800 won)</p><p><blockquote>（1美元 = 1,129.2800韩元）</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/business/retail-consumer/samsung-electronics-q2-profit-likely-up-38-strong-chip-prices-2021-07-05/\">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":{},"source_url":"https://www.reuters.com/business/retail-consumer/samsung-electronics-q2-profit-likely-up-38-strong-chip-prices-2021-07-05/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123392624","content_text":"Summary\n\nQ2 operating profit estimated at 11.3 trln won\nSurging chip prices, shipments boost profit\nRevenue estimated up 15.4%\nSmartphones shipments likely fell on quarter\n\nSEOUL, July 6 (Reuters) - Samsung Electronics Co Ltd(005930.KS)likely saw a 38% surge in profit for the April-June quarter thanks to strong chip prices and demand spurred by a pandemic-led consumer appetite for electronics as well as recovering investment in data centres.\nOperating profit for the world's biggest memory chip and smartphone maker likely jumped to 11.3 trillion won ($10 billion), according to a Refinitiv SmartEstimate drawn from 20 analysts and weighted toward those who are more consistently accurate.\nThe South Korean tech giant's strong performance - coming despite it shipping fewer smartphones than in January-March - underscores the stratospheric demand for chips that has depleted stockpiles and filled production capacity.\nThe result would be up 20% from the first quarter and mark Samsung's highest operating income for the second quarter since 2018. Revenue likely rose 15.4%.\nSamsung is scheduled to announce preliminary second-quarter results on Wednesday.\nThe company's chip division likely benefited from memory chip price hikes that exceeded market estimates, analysts said, while shipments grew as well.\nPrices of DRAM chips, widely used in servers, mobile phones and other computing devices, jumped 27% compared to the March quarter, while those of NAND flash chips that serve the data storage market rose 8.6%, according to research provider Trendforce.\nProfit also improved at Samsung's chip-contract manufacturing and logic chip design business, partly because operations at its storm-hit Texas factory returned to normal, analysts said.\nThey estimated the chip division's operating profit in April-June rose about 22% from the year-earlier period to about 6.6 trillion won.\nStill, Samsung's smartphone shipments dropped to about 59 million in April-June from about 76 million in the first quarter, according to Shinyoung Investment & Securities, as sales slowed for its latest flagship model, launched in mid-January.\nReduced demand from India, hard hit by the pandemic during the quarter, as well as tight supply for some mobile processor chips may also have affected shipments, analysts said, estimating the mobile business' operating profit at about 2.9 trillion won.\n($1 = 1,129.2800 won)","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":662,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153112827,"gmtCreate":1625013291669,"gmtModify":1631893827272,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562566709596645","authorIdStr":"3562566709596645"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153112827","repostId":"1114154202","repostType":4,"isVote":1,"tweetType":1,"viewCount":752,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153113373,"gmtCreate":1625013180392,"gmtModify":1631893827282,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562566709596645","authorIdStr":"3562566709596645"},"themes":[],"title":"","htmlText":"Good news","listText":"Good news","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153113373","repostId":"1176223224","repostType":4,"isVote":1,"tweetType":1,"viewCount":744,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127899808,"gmtCreate":1624842198304,"gmtModify":1631893827261,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562566709596645","authorIdStr":"3562566709596645"},"themes":[],"title":"","htmlText":"Bad news","listText":"Bad news","text":"Bad news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/127899808","repostId":"2146000147","repostType":4,"isVote":1,"tweetType":1,"viewCount":1041,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127807736,"gmtCreate":1624842123125,"gmtModify":1631893827281,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562566709596645","authorIdStr":"3562566709596645"},"themes":[],"title":"","htmlText":"Mid year end","listText":"Mid year end","text":"Mid year end","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/127807736","repostId":"2146007118","repostType":4,"isVote":1,"tweetType":1,"viewCount":643,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124110082,"gmtCreate":1624752719946,"gmtModify":1631893827289,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562566709596645","authorIdStr":"3562566709596645"},"themes":[],"title":"","htmlText":"🤔&nbsp;","listText":"🤔&nbsp;","text":"🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/124110082","repostId":"1132692662","repostType":4,"repost":{"id":"1132692662","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":1624680481,"share":"https://www.laohunote.com/m/news/1132692662?lang=zh_CN&edition=full","pubTime":"2021-06-26 12:08","market":"us","language":"en","title":"Tesla recalls some imported and domestic Model 3 and Model Y in China<blockquote>特斯拉在华召回部分进口和国产Model 3和Model Y</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1132692662","media":"Tiger Newspress","summary":"Recently, Tesla filed a recall plan and decided to recall some vehicles from now on,according to China's State Administration of market supervision.Tesla decided to recall 35665 imported Model 3 produced between January 12, 2019 and November 27, 2019.Meanwhile, Tesla will recall some domestic Model 3 produced from December 19, 2019 to June 7, 2021, totaling 211256 vehicles; A total of 38599 domestic Model Y were produced from January 1, 2021 to June 7, 2021.In response to the recall, Tesla said ","content":"<p>Recently, Tesla filed a recall plan and decided to recall some vehicles from now on,according to China's State Administration of market supervision.</p><p><blockquote>据中国国家市场监督管理总局消息，近日，特斯拉备案了召回计划，决定从即日起召回部分车辆。</blockquote></p><p> Tesla decided to recall 35665 imported Model 3 produced between January 12, 2019 and November 27, 2019.</p><p><blockquote>特斯拉决定召回2019年1月12日至2019年11月27日期间生产的35665辆进口Model 3。</blockquote></p><p> Meanwhile, Tesla will recall some domestic Model 3 produced from December 19, 2019 to June 7, 2021, totaling 211256 vehicles; A total of 38599 domestic Model Y were produced from January 1, 2021 to June 7, 2021.</p><p><blockquote>同时，特斯拉将召回2019年12月19日至2021年6月7日生产的部分国产Model 3，共计211256辆；2021年1月1日至2021年6月7日共生产38599辆国产Model Y。</blockquote></p><p> Due to the problems of the active cruise control system of the vehicles within the scope of this recall, it is easy for the driver to activate the active cruise function by mistake in the following situations: when the vehicle is in D gear, the driver tries to switch the gear by pushing the right control lever again; When the vehicle turns sharply, the driver touches and moves the right control lever by mistake, etc. After the active cruise control is mistakenly activated, if the cruise speed set by the vehicle is not the current speed, and the current speed is lower than the set speed, the vehicle will accelerate to the set speed, resulting in a sudden increase in vehicle speed, which will affect the driver's expectation and lead to misjudgment of vehicle handling. In extreme cases, it may lead to vehicle collision, and there are potential safety hazards.</p><p><blockquote>由于本次召回范围内车辆的主动巡航控制系统存在问题，在以下情况下，驾驶员容易误启动主动巡航功能：当车辆处于D挡时，驾驶员试图通过再次推动右操纵杆来换挡；当车辆急转弯时，驾驶员误触并移动右操纵杆等。主动巡航控制误启动后，如果车辆设定的巡航速度不是当前速度，且当前速度低于设定速度，车辆就会加速到设定速度，导致车速突然增加，影响驾驶员的预期，导致车辆操控误判。极端情况下可能导致车辆碰撞，存在安全隐患。</blockquote></p><p> Tesla will upgrade the active cruise control software for the recalled vehicles free of charge through OTA technology, so users can complete the software upgrade without going to the store; For vehicles that cannot be recalled through OTA technology, Tesla Motors (Beijing) Co., Ltd. and Tesla (Shanghai) Co., Ltd. will contact relevant users through Tesla service center to upgrade active cruise control software for vehicles free, so as to eliminate potential safety hazards.</p><p><blockquote>特斯拉将通过OTA技术为召回车辆免费升级主动巡航控制软件，用户无需到店即可完成软件升级；对于无法通过OTA技术召回的车辆，特斯拉（北京）有限公司和特斯拉（上海）有限公司将通过特斯拉服务中心联系相关用户，免费为车辆升级主动巡航控制软件，以消除安全隐患。</blockquote></p><p> In response to the recall, Tesla said on June 26 that for the vehicles (Model 3 / Model Y) within the scope of this recall, due to the fact that the active cruise control function may be activated by the driver by mistake, there are potential safety hazards in extreme cases. Tesla took the initiative to file the recall plan with the State Administration of market supervision and administration. Users do not need to go to the store to complete the OTA. Tesla said it apologized for the inconvenience caused by the recall.</p><p><blockquote>针对此次召回，特斯拉6月26日表示，对于本次召回范围内的车辆（Model 3/Model Y），由于主动巡航控制功能可能被驾驶员误激活，极端情况下存在安全隐患。特斯拉主动向国家市场监督管理总局备案了召回计划。用户无需到店完成OTA。特斯拉表示，对召回造成的不便表示歉意。</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>Tesla recalls some imported and domestic Model 3 and Model Y in China<blockquote>特斯拉在华召回部分进口和国产Model 3和Model Y</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\">\nTesla recalls some imported and domestic Model 3 and Model Y in China<blockquote>特斯拉在华召回部分进口和国产Model 3和Model Y</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\">2021-06-26 12:08</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Recently, Tesla filed a recall plan and decided to recall some vehicles from now on,according to China's State Administration of market supervision.</p><p><blockquote>据中国国家市场监督管理总局消息，近日，特斯拉备案了召回计划，决定从即日起召回部分车辆。</blockquote></p><p> Tesla decided to recall 35665 imported Model 3 produced between January 12, 2019 and November 27, 2019.</p><p><blockquote>特斯拉决定召回2019年1月12日至2019年11月27日期间生产的35665辆进口Model 3。</blockquote></p><p> Meanwhile, Tesla will recall some domestic Model 3 produced from December 19, 2019 to June 7, 2021, totaling 211256 vehicles; A total of 38599 domestic Model Y were produced from January 1, 2021 to June 7, 2021.</p><p><blockquote>同时，特斯拉将召回2019年12月19日至2021年6月7日生产的部分国产Model 3，共计211256辆；2021年1月1日至2021年6月7日共生产38599辆国产Model Y。</blockquote></p><p> Due to the problems of the active cruise control system of the vehicles within the scope of this recall, it is easy for the driver to activate the active cruise function by mistake in the following situations: when the vehicle is in D gear, the driver tries to switch the gear by pushing the right control lever again; When the vehicle turns sharply, the driver touches and moves the right control lever by mistake, etc. After the active cruise control is mistakenly activated, if the cruise speed set by the vehicle is not the current speed, and the current speed is lower than the set speed, the vehicle will accelerate to the set speed, resulting in a sudden increase in vehicle speed, which will affect the driver's expectation and lead to misjudgment of vehicle handling. In extreme cases, it may lead to vehicle collision, and there are potential safety hazards.</p><p><blockquote>由于本次召回范围内车辆的主动巡航控制系统存在问题，在以下情况下，驾驶员容易误启动主动巡航功能：当车辆处于D挡时，驾驶员试图通过再次推动右操纵杆来换挡；当车辆急转弯时，驾驶员误触并移动右操纵杆等。主动巡航控制误启动后，如果车辆设定的巡航速度不是当前速度，且当前速度低于设定速度，车辆就会加速到设定速度，导致车速突然增加，影响驾驶员的预期，导致车辆操控误判。极端情况下可能导致车辆碰撞，存在安全隐患。</blockquote></p><p> Tesla will upgrade the active cruise control software for the recalled vehicles free of charge through OTA technology, so users can complete the software upgrade without going to the store; For vehicles that cannot be recalled through OTA technology, Tesla Motors (Beijing) Co., Ltd. and Tesla (Shanghai) Co., Ltd. will contact relevant users through Tesla service center to upgrade active cruise control software for vehicles free, so as to eliminate potential safety hazards.</p><p><blockquote>特斯拉将通过OTA技术为召回车辆免费升级主动巡航控制软件，用户无需到店即可完成软件升级；对于无法通过OTA技术召回的车辆，特斯拉（北京）有限公司和特斯拉（上海）有限公司将通过特斯拉服务中心联系相关用户，免费为车辆升级主动巡航控制软件，以消除安全隐患。</blockquote></p><p> In response to the recall, Tesla said on June 26 that for the vehicles (Model 3 / Model Y) within the scope of this recall, due to the fact that the active cruise control function may be activated by the driver by mistake, there are potential safety hazards in extreme cases. Tesla took the initiative to file the recall plan with the State Administration of market supervision and administration. Users do not need to go to the store to complete the OTA. Tesla said it apologized for the inconvenience caused by the recall.</p><p><blockquote>针对此次召回，特斯拉6月26日表示，对于本次召回范围内的车辆（Model 3/Model Y），由于主动巡航控制功能可能被驾驶员误激活，极端情况下存在安全隐患。特斯拉主动向国家市场监督管理总局备案了召回计划。用户无需到店完成OTA。特斯拉表示，对召回造成的不便表示歉意。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132692662","content_text":"Recently, Tesla filed a recall plan and decided to recall some vehicles from now on,according to China's State Administration of market supervision.\nTesla decided to recall 35665 imported Model 3 produced between January 12, 2019 and November 27, 2019.\nMeanwhile, Tesla will recall some domestic Model 3 produced from December 19, 2019 to June 7, 2021, totaling 211256 vehicles; A total of 38599 domestic Model Y were produced from January 1, 2021 to June 7, 2021.\nDue to the problems of the active cruise control system of the vehicles within the scope of this recall, it is easy for the driver to activate the active cruise function by mistake in the following situations: when the vehicle is in D gear, the driver tries to switch the gear by pushing the right control lever again; When the vehicle turns sharply, the driver touches and moves the right control lever by mistake, etc. After the active cruise control is mistakenly activated, if the cruise speed set by the vehicle is not the current speed, and the current speed is lower than the set speed, the vehicle will accelerate to the set speed, resulting in a sudden increase in vehicle speed, which will affect the driver's expectation and lead to misjudgment of vehicle handling. In extreme cases, it may lead to vehicle collision, and there are potential safety hazards.\nTesla will upgrade the active cruise control software for the recalled vehicles free of charge through OTA technology, so users can complete the software upgrade without going to the store; For vehicles that cannot be recalled through OTA technology, Tesla Motors (Beijing) Co., Ltd. and Tesla (Shanghai) Co., Ltd. will contact relevant users through Tesla service center to upgrade active cruise control software for vehicles free, so as to eliminate potential safety hazards.\nIn response to the recall, Tesla said on June 26 that for the vehicles (Model 3 / Model Y) within the scope of this recall, due to the fact that the active cruise control function may be activated by the driver by mistake, there are potential safety hazards in extreme cases. Tesla took the initiative to file the recall plan with the State Administration of market supervision and administration. Users do not need to go to the store to complete the OTA. Tesla said it apologized for the inconvenience caused by the recall.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":612,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":127899808,"gmtCreate":1624842198304,"gmtModify":1631893827261,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"title":"","htmlText":"Bad news","listText":"Bad news","text":"Bad news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/127899808","repostId":"2146000147","repostType":4,"isVote":1,"tweetType":1,"viewCount":1041,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":881135203,"gmtCreate":1631315859802,"gmtModify":1631891356387,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"title":"","htmlText":"Will up again","listText":"Will up again","text":"Will up again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/881135203","repostId":"2166711943","repostType":4,"isVote":1,"tweetType":1,"viewCount":2384,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177405842,"gmtCreate":1627256307486,"gmtModify":1631891356446,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"title":"","htmlText":"Major change","listText":"Major change","text":"Major change","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/177405842","repostId":"2154328679","repostType":4,"isVote":1,"tweetType":1,"viewCount":594,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":829322964,"gmtCreate":1633476117839,"gmtModify":1633476117945,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"title":"","htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/829322964","repostId":"1101968131","repostType":4,"isVote":1,"tweetType":1,"viewCount":2679,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":883152267,"gmtCreate":1631229442959,"gmtModify":1631891356398,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/883152267","repostId":"2166341028","repostType":4,"isVote":1,"tweetType":1,"viewCount":2292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154536132,"gmtCreate":1625533464326,"gmtModify":1631891356472,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"title":"","htmlText":"Strong","listText":"Strong","text":"Strong","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/154536132","repostId":"1123392624","repostType":4,"repost":{"id":"1123392624","kind":"news","pubTimestamp":1625531264,"share":"https://www.laohunote.com/m/news/1123392624?lang=zh_CN&edition=full","pubTime":"2021-07-06 08:27","market":"us","language":"en","title":"Samsung Electronics Q2 profit likely up 38% on strong chip prices<blockquote>由于芯片价格强劲，三星电子第二季度利润可能增长 38%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1123392624","media":"Reuters","summary":"Summary\n\nQ2 operating profit estimated at 11.3 trln won\nSurging chip prices, shipments boost profit\n","content":"<p><li>Summary</li> <ul>  <li>Q2 operating profit estimated at 11.3 trln won</li>  <li>Surging chip prices, shipments boost profit</li>  <li>Revenue estimated up 15.4%</li>  <li>Smartphones shipments likely fell on quarter</li> </ul> SEOUL, July 6 (Reuters) - Samsung Electronics Co Ltd(005930.KS)likely saw a 38% surge in profit for the April-June quarter thanks to strong chip prices and demand spurred by a pandemic-led consumer appetite for electronics as well as recovering investment in data centres.</p><p><blockquote><li>总结</li><ul><li>第二季度营业利润预计为11.3万亿韩元</li><li>芯片价格飙升，出货量提振利润</li><li>收入预计增长 15.4%</li><li>智能手机出货量可能环比下降</li></ul>路透首尔 7 月 6 日 - 三星电子有限公司 (005930.KS) 4 月至 6 月季度利润可能飙升 38%，这得益于芯片价格强劲以及疫情引领的消费者对电子产品的需求以及数据中心投资的复苏。</blockquote></p><p> Operating profit for the world's biggest memory chip and smartphone maker likely jumped to 11.3 trillion won ($10 billion), according to a Refinitiv SmartEstimate drawn from 20 analysts and weighted toward those who are more consistently accurate.</p><p><blockquote>根据 Refinitiv SmartEstimate，这家全球最大的存储芯片和智能手机制造商的营业利润可能跃升至 11.3 万亿韩元（100 亿美元），该估算倾向于那些持续准确的分析师。</blockquote></p><p> The South Korean tech giant's strong performance - coming despite it shipping fewer smartphones than in January-March - underscores the stratospheric demand for chips that has depleted stockpiles and filled production capacity.</p><p><blockquote>这家韩国科技巨头的强劲表现——尽管其智能手机出货量低于 1 月至 3 月——凸显了对芯片的巨大需求，这耗尽了库存，填满了产能。</blockquote></p><p> The result would be up 20% from the first quarter and mark Samsung's highest operating income for the second quarter since 2018. Revenue likely rose 15.4%.</p><p><blockquote>这一结果将比第一季度增长 20%，标志着三星自 2018 年以来第二季度的最高经营利润。收入可能增长 15.4%。</blockquote></p><p> Samsung is scheduled to announce preliminary second-quarter results on Wednesday.</p><p><blockquote>三星定于周三公布第二季度初步业绩。</blockquote></p><p> The company's chip division likely benefited from memory chip price hikes that exceeded market estimates, analysts said, while shipments grew as well.</p><p><blockquote>分析师表示，该公司的芯片部门可能受益于存储芯片价格上涨超出市场预期，同时出货量也有所增长。</blockquote></p><p> Prices of DRAM chips, widely used in servers, mobile phones and other computing devices, jumped 27% compared to the March quarter, while those of NAND flash chips that serve the data storage market rose 8.6%, according to research provider Trendforce.</p><p><blockquote>根据研究提供商Trendforce的数据，广泛用于服务器、手机和其他计算设备的DRAM芯片的价格比3月份季度上涨了27%，而服务于数据存储市场的NAND闪存芯片的价格上涨了8.6%。</blockquote></p><p> Profit also improved at Samsung's chip-contract manufacturing and logic chip design business, partly because operations at its storm-hit Texas factory returned to normal, analysts said.</p><p><blockquote>分析师表示，三星芯片合同制造和逻辑芯片设计业务的利润也有所改善，部分原因是其遭受风暴袭击的德克萨斯州工厂的运营恢复正常。</blockquote></p><p> They estimated the chip division's operating profit in April-June rose about 22% from the year-earlier period to about 6.6 trillion won.</p><p><blockquote>他们估计芯片部门4月至6月的营业利润同比增长约22%，达到约6.6万亿韩元。</blockquote></p><p> Still, Samsung's smartphone shipments dropped to about 59 million in April-June from about 76 million in the first quarter, according to Shinyoung Investment &amp; Securities, as sales slowed for its latest flagship model, launched in mid-January.</p><p><blockquote>尽管如此，根据Shinyoung Investment &amp; Securities的数据，三星4月至6月的智能手机出货量从第一季度的约7600万部降至约5900万部，原因是其1月中旬推出的最新旗舰机型销售放缓。</blockquote></p><p> Reduced demand from India, hard hit by the pandemic during the quarter, as well as tight supply for some mobile processor chips may also have affected shipments, analysts said, estimating the mobile business' operating profit at about 2.9 trillion won.</p><p><blockquote>分析师表示，印度本季度受到疫情严重打击，需求减少，以及一些移动处理器芯片供应紧张，也可能影响出货量，预计移动业务的营业利润约为 2.9 万亿韩元。</blockquote></p><p> ($1 = 1,129.2800 won)</p><p><blockquote>（1美元 = 1,129.2800韩元）</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>Samsung Electronics Q2 profit likely up 38% on strong chip prices<blockquote>由于芯片价格强劲，三星电子第二季度利润可能增长 38%</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\">\nSamsung Electronics Q2 profit likely up 38% on strong chip prices<blockquote>由于芯片价格强劲，三星电子第二季度利润可能增长 38%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-07-06 08:27</span>\n</p>\n</h4>\n</header>\n<article>\n<p><li>Summary</li> <ul>  <li>Q2 operating profit estimated at 11.3 trln won</li>  <li>Surging chip prices, shipments boost profit</li>  <li>Revenue estimated up 15.4%</li>  <li>Smartphones shipments likely fell on quarter</li> </ul> SEOUL, July 6 (Reuters) - Samsung Electronics Co Ltd(005930.KS)likely saw a 38% surge in profit for the April-June quarter thanks to strong chip prices and demand spurred by a pandemic-led consumer appetite for electronics as well as recovering investment in data centres.</p><p><blockquote><li>总结</li><ul><li>第二季度营业利润预计为11.3万亿韩元</li><li>芯片价格飙升，出货量提振利润</li><li>收入预计增长 15.4%</li><li>智能手机出货量可能环比下降</li></ul>路透首尔 7 月 6 日 - 三星电子有限公司 (005930.KS) 4 月至 6 月季度利润可能飙升 38%，这得益于芯片价格强劲以及疫情引领的消费者对电子产品的需求以及数据中心投资的复苏。</blockquote></p><p> Operating profit for the world's biggest memory chip and smartphone maker likely jumped to 11.3 trillion won ($10 billion), according to a Refinitiv SmartEstimate drawn from 20 analysts and weighted toward those who are more consistently accurate.</p><p><blockquote>根据 Refinitiv SmartEstimate，这家全球最大的存储芯片和智能手机制造商的营业利润可能跃升至 11.3 万亿韩元（100 亿美元），该估算倾向于那些持续准确的分析师。</blockquote></p><p> The South Korean tech giant's strong performance - coming despite it shipping fewer smartphones than in January-March - underscores the stratospheric demand for chips that has depleted stockpiles and filled production capacity.</p><p><blockquote>这家韩国科技巨头的强劲表现——尽管其智能手机出货量低于 1 月至 3 月——凸显了对芯片的巨大需求，这耗尽了库存，填满了产能。</blockquote></p><p> The result would be up 20% from the first quarter and mark Samsung's highest operating income for the second quarter since 2018. Revenue likely rose 15.4%.</p><p><blockquote>这一结果将比第一季度增长 20%，标志着三星自 2018 年以来第二季度的最高经营利润。收入可能增长 15.4%。</blockquote></p><p> Samsung is scheduled to announce preliminary second-quarter results on Wednesday.</p><p><blockquote>三星定于周三公布第二季度初步业绩。</blockquote></p><p> The company's chip division likely benefited from memory chip price hikes that exceeded market estimates, analysts said, while shipments grew as well.</p><p><blockquote>分析师表示，该公司的芯片部门可能受益于存储芯片价格上涨超出市场预期，同时出货量也有所增长。</blockquote></p><p> Prices of DRAM chips, widely used in servers, mobile phones and other computing devices, jumped 27% compared to the March quarter, while those of NAND flash chips that serve the data storage market rose 8.6%, according to research provider Trendforce.</p><p><blockquote>根据研究提供商Trendforce的数据，广泛用于服务器、手机和其他计算设备的DRAM芯片的价格比3月份季度上涨了27%，而服务于数据存储市场的NAND闪存芯片的价格上涨了8.6%。</blockquote></p><p> Profit also improved at Samsung's chip-contract manufacturing and logic chip design business, partly because operations at its storm-hit Texas factory returned to normal, analysts said.</p><p><blockquote>分析师表示，三星芯片合同制造和逻辑芯片设计业务的利润也有所改善，部分原因是其遭受风暴袭击的德克萨斯州工厂的运营恢复正常。</blockquote></p><p> They estimated the chip division's operating profit in April-June rose about 22% from the year-earlier period to about 6.6 trillion won.</p><p><blockquote>他们估计芯片部门4月至6月的营业利润同比增长约22%，达到约6.6万亿韩元。</blockquote></p><p> Still, Samsung's smartphone shipments dropped to about 59 million in April-June from about 76 million in the first quarter, according to Shinyoung Investment &amp; Securities, as sales slowed for its latest flagship model, launched in mid-January.</p><p><blockquote>尽管如此，根据Shinyoung Investment &amp; Securities的数据，三星4月至6月的智能手机出货量从第一季度的约7600万部降至约5900万部，原因是其1月中旬推出的最新旗舰机型销售放缓。</blockquote></p><p> Reduced demand from India, hard hit by the pandemic during the quarter, as well as tight supply for some mobile processor chips may also have affected shipments, analysts said, estimating the mobile business' operating profit at about 2.9 trillion won.</p><p><blockquote>分析师表示，印度本季度受到疫情严重打击，需求减少，以及一些移动处理器芯片供应紧张，也可能影响出货量，预计移动业务的营业利润约为 2.9 万亿韩元。</blockquote></p><p> ($1 = 1,129.2800 won)</p><p><blockquote>（1美元 = 1,129.2800韩元）</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/business/retail-consumer/samsung-electronics-q2-profit-likely-up-38-strong-chip-prices-2021-07-05/\">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":{},"source_url":"https://www.reuters.com/business/retail-consumer/samsung-electronics-q2-profit-likely-up-38-strong-chip-prices-2021-07-05/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123392624","content_text":"Summary\n\nQ2 operating profit estimated at 11.3 trln won\nSurging chip prices, shipments boost profit\nRevenue estimated up 15.4%\nSmartphones shipments likely fell on quarter\n\nSEOUL, July 6 (Reuters) - Samsung Electronics Co Ltd(005930.KS)likely saw a 38% surge in profit for the April-June quarter thanks to strong chip prices and demand spurred by a pandemic-led consumer appetite for electronics as well as recovering investment in data centres.\nOperating profit for the world's biggest memory chip and smartphone maker likely jumped to 11.3 trillion won ($10 billion), according to a Refinitiv SmartEstimate drawn from 20 analysts and weighted toward those who are more consistently accurate.\nThe South Korean tech giant's strong performance - coming despite it shipping fewer smartphones than in January-March - underscores the stratospheric demand for chips that has depleted stockpiles and filled production capacity.\nThe result would be up 20% from the first quarter and mark Samsung's highest operating income for the second quarter since 2018. Revenue likely rose 15.4%.\nSamsung is scheduled to announce preliminary second-quarter results on Wednesday.\nThe company's chip division likely benefited from memory chip price hikes that exceeded market estimates, analysts said, while shipments grew as well.\nPrices of DRAM chips, widely used in servers, mobile phones and other computing devices, jumped 27% compared to the March quarter, while those of NAND flash chips that serve the data storage market rose 8.6%, according to research provider Trendforce.\nProfit also improved at Samsung's chip-contract manufacturing and logic chip design business, partly because operations at its storm-hit Texas factory returned to normal, analysts said.\nThey estimated the chip division's operating profit in April-June rose about 22% from the year-earlier period to about 6.6 trillion won.\nStill, Samsung's smartphone shipments dropped to about 59 million in April-June from about 76 million in the first quarter, according to Shinyoung Investment & Securities, as sales slowed for its latest flagship model, launched in mid-January.\nReduced demand from India, hard hit by the pandemic during the quarter, as well as tight supply for some mobile processor chips may also have affected shipments, analysts said, estimating the mobile business' operating profit at about 2.9 trillion won.\n($1 = 1,129.2800 won)","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":662,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":824594662,"gmtCreate":1634335986563,"gmtModify":1634335986690,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"title":"","htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/824594662","repostId":"1139202309","repostType":4,"repost":{"id":"1139202309","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1634280465,"share":"https://www.laohunote.com/m/news/1139202309?lang=zh_CN&edition=full","pubTime":"2021-10-15 14:47","market":"us","language":"en","title":"What Happens When the Fed Tapers?<blockquote>美联储缩减规模会发生什么？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139202309","media":"Benzinga Earnings","summary":"What happens when the Fed tapers? That is the billion (or trillion) dollar question. Before we delve","content":"<p>What happens when the Fed tapers? That is the billion (or trillion) dollar question. Before we delve into the possible outcome(s) though, we must first understand what tapering means.</p><p><blockquote>美联储缩减规模会发生什么？这是十亿（或一万亿）美元的问题。不过，在我们深入研究可能的结果之前，我们必须首先了解缩减规模意味着什么。</blockquote></p><p> In response to the coronavirus pandemic, the Federal Reserve&nbsp;slashed interest rates to zero in March 2020&nbsp;to help bolster growth. It also began its $120 billion in monthly asset purchases, a program known as quantitative easing (QE) that has roughly doubled the Fed’s balance sheet to about $8.5 trillion since the start of the pandemic.</p><p><blockquote>为了应对冠状病毒大流行，美联储于 2020 年 3 月将利率削减至零，以帮助促进经济增长。美联储还开始每月购买 1200 亿美元的资产，这项被称为量化宽松（QE）的计划自大流行病开始以来，已使美联储的资产负债表大约翻了一番，达到约 8.5 万亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d66984161d481448082b5856b1c7465c\" tg-width=\"1200\" tg-height=\"800\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cfe5a1c43965ba4fe7c492c026c915b8\" tg-width=\"1200\" tg-height=\"800\" width=\"100%\" height=\"auto\"><span>Source: Board of Governors of the Federal Reserve System</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：美联储理事会</span></p></blockquote></p><p> QE helps by reducing long-term interest rates, thereby encouraging borrowing to help spur spending, and in turn, the economy. In doing so, the Fed essentially reduces the available supply of these bonds in the open market, forcing investors who want to own them to drive up prices. Driving up bond prices has the effect of lowering interest rates, which lowers the borrowing costs of households on their mortgages, or the costs of corporations to borrow by issuing debt.</p><p><blockquote>量化宽松通过降低长期利率来提供帮助，从而鼓励借贷来刺激支出，进而刺激经济。这样做，美联储实际上减少了公开市场上这些债券的可用供应量，迫使想要拥有它们的投资者推高价格。推高债券价格会产生降低利率的效果，从而降低家庭的抵押贷款借贷成本，或者降低企业通过发行债务借贷的成本。</blockquote></p><p> As the Fed eases the pace and pares back the amount of these purchases, tapering begins with the ultimate goal of sending interest rates back to “normal.” Tapering can impact long-term interest rates, as this typically sends a signal to the markets that the Fed is shifting to a less accommodative policy stance in the future. The key is to understand that tapering does not mean the Fed stops purchasing assets, but it just reduces the pace of its balance sheet expansion. This is different than tightening, which means the Fed will no longer add assets to its balance sheet and will instead reduce the assets it holds by selling them — with&nbsp;large companies recently&nbsp;including&nbsp;<b>Caterpillar Inc.</b>&nbsp;and&nbsp;<b>Home Depot</b>&nbsp;taking advantage of to issue new bonds.</p><p><blockquote>随着美联储放缓步伐并减少这些购买的数量，缩减规模的最终目标是让利率回到 “正常 ”水平。缩减规模可能会影响长期利率，因为这通常会向市场发出信号，表明美联储未来正在转向不太宽松的政策立场。关键是要明白，缩减规模并不意味着美联储停止购买资产，而只是放慢了资产负债表扩张的步伐。这不同于紧缩政策，这意味着美联储将不再在其资产负债表上增加资产，而是通过出售资产来减少其持有的资产——最近大公司包括<b>卡特彼勒公司。</b>和<b>家得宝</b>利用这一点发行新债券。</blockquote></p><p> Aside from interest rates, tapering could have an impact on the U.S. dollar. The trajectory of the U.S. dollar is important for investors as it impacts everything from commodity prices to corporate earnings. Higher yields make dollar-denominated assets more attractive to income seeking investors. Tapering is typically bullish for the dollar as it means a move toward tighter monetary policy. Since currencies normally appreciate when their domestic short-term rates rise, as the Fed continues to signal imminent tightening, markets are pricing in higher rates. This offers support to the dollar amid an already choppy risk environment that is a positive for the safe haven dollar. As mentioned above, if the Fed will be buying fewer debt assets, there would be fewer dollars in circulation.</p><p><blockquote>除了利率之外，缩减货币规模也可能对美元产生影响。美元的走势对投资者来说很重要，因为它影响着从大宗商品价格到企业盈利的方方面面。较高的收益率使得以美元计价的资产对寻求收入的投资者更具吸引力。缩减规模通常对美元有利，因为这意味着转向收紧货币政策。由于货币通常会在国内短期利率上升时升值，随着美联储继续发出即将紧缩的信号，市场正在对更高的利率进行定价。这在已经动荡的风险环境中为美元提供了支撑，这对避险美元来说是一个利好。如上所述，如果美联储购买更少的债务资产，流通中的美元就会减少。</blockquote></p><p> The market is anticipating the beginning of the taper process could begin sometime in the fourth quarter of this year, possibly as soon as November. In addition, half of the Fed vice presidents project interest rates rising at some point in 2022. Fed Chairman Powell is anticipating the taper process could end around the middle of next year, as long as the recovery remains on track. The Central Bank has insisted that they expect to keep the funds rate near zero until labor market conditions have reached levels consistent with their projections of maximum employment. We are nowhere near pre-pandemic unemployment levels (with 8.4 million unemployed persons in the U.S. now versus 5.7 million in February 2020). This could lead to concern over whether the Fed risks tightening monetary policy at a time when the economy might be significantly weaker than it already is today. At the end of the day, if the Fed is priming the markets for a taper in the fourth quarter of 2021, we could be in for a period of extended volatility.</p><p><blockquote>市场预计缩减规模进程可能会在今年第四季度的某个时候开始，最早可能在 11 月。此外，一半的美联储副主席预计利率将在 2022 年某个时候上升。美联储主席鲍威尔预计，只要复苏保持正轨，缩减规模进程可能会在明年年中左右结束。央行坚称，他们预计将基金利率保持在接近于零的水平，直到劳动力市场状况达到与其最大就业预测一致的水平。我们远未达到大流行前的失业水平（目前美国有840万人失业，而2020年2月为570万人）。这可能会引发人们对美联储是否会在经济可能比现在明显疲软的时候冒险收紧货币政策的担忧。归根结底，如果美联储在 2021 年第四季度为市场缩减规模做好准备，我们可能会经历一段长期波动的时期。</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 Happens When the Fed Tapers?<blockquote>美联储缩减规模会发生什么？</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 Happens When the Fed Tapers?<blockquote>美联储缩减规模会发生什么？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-10-15 14:47</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>What happens when the Fed tapers? That is the billion (or trillion) dollar question. Before we delve into the possible outcome(s) though, we must first understand what tapering means.</p><p><blockquote>美联储缩减规模会发生什么？这是十亿（或一万亿）美元的问题。不过，在我们深入研究可能的结果之前，我们必须首先了解缩减规模意味着什么。</blockquote></p><p> In response to the coronavirus pandemic, the Federal Reserve&nbsp;slashed interest rates to zero in March 2020&nbsp;to help bolster growth. It also began its $120 billion in monthly asset purchases, a program known as quantitative easing (QE) that has roughly doubled the Fed’s balance sheet to about $8.5 trillion since the start of the pandemic.</p><p><blockquote>为了应对冠状病毒大流行，美联储于 2020 年 3 月将利率削减至零，以帮助促进经济增长。美联储还开始每月购买 1200 亿美元的资产，这项被称为量化宽松（QE）的计划自大流行病开始以来，已使美联储的资产负债表大约翻了一番，达到约 8.5 万亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d66984161d481448082b5856b1c7465c\" tg-width=\"1200\" tg-height=\"800\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cfe5a1c43965ba4fe7c492c026c915b8\" tg-width=\"1200\" tg-height=\"800\" width=\"100%\" height=\"auto\"><span>Source: Board of Governors of the Federal Reserve System</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：美联储理事会</span></p></blockquote></p><p> QE helps by reducing long-term interest rates, thereby encouraging borrowing to help spur spending, and in turn, the economy. In doing so, the Fed essentially reduces the available supply of these bonds in the open market, forcing investors who want to own them to drive up prices. Driving up bond prices has the effect of lowering interest rates, which lowers the borrowing costs of households on their mortgages, or the costs of corporations to borrow by issuing debt.</p><p><blockquote>量化宽松通过降低长期利率来提供帮助，从而鼓励借贷来刺激支出，进而刺激经济。这样做，美联储实际上减少了公开市场上这些债券的可用供应量，迫使想要拥有它们的投资者推高价格。推高债券价格会产生降低利率的效果，从而降低家庭的抵押贷款借贷成本，或者降低企业通过发行债务借贷的成本。</blockquote></p><p> As the Fed eases the pace and pares back the amount of these purchases, tapering begins with the ultimate goal of sending interest rates back to “normal.” Tapering can impact long-term interest rates, as this typically sends a signal to the markets that the Fed is shifting to a less accommodative policy stance in the future. The key is to understand that tapering does not mean the Fed stops purchasing assets, but it just reduces the pace of its balance sheet expansion. This is different than tightening, which means the Fed will no longer add assets to its balance sheet and will instead reduce the assets it holds by selling them — with&nbsp;large companies recently&nbsp;including&nbsp;<b>Caterpillar Inc.</b>&nbsp;and&nbsp;<b>Home Depot</b>&nbsp;taking advantage of to issue new bonds.</p><p><blockquote>随着美联储放缓步伐并减少这些购买的数量，缩减规模的最终目标是让利率回到 “正常 ”水平。缩减规模可能会影响长期利率，因为这通常会向市场发出信号，表明美联储未来正在转向不太宽松的政策立场。关键是要明白，缩减规模并不意味着美联储停止购买资产，而只是放慢了资产负债表扩张的步伐。这不同于紧缩政策，这意味着美联储将不再在其资产负债表上增加资产，而是通过出售资产来减少其持有的资产——最近大公司包括<b>卡特彼勒公司。</b>和<b>家得宝</b>利用这一点发行新债券。</blockquote></p><p> Aside from interest rates, tapering could have an impact on the U.S. dollar. The trajectory of the U.S. dollar is important for investors as it impacts everything from commodity prices to corporate earnings. Higher yields make dollar-denominated assets more attractive to income seeking investors. Tapering is typically bullish for the dollar as it means a move toward tighter monetary policy. Since currencies normally appreciate when their domestic short-term rates rise, as the Fed continues to signal imminent tightening, markets are pricing in higher rates. This offers support to the dollar amid an already choppy risk environment that is a positive for the safe haven dollar. As mentioned above, if the Fed will be buying fewer debt assets, there would be fewer dollars in circulation.</p><p><blockquote>除了利率之外，缩减货币规模也可能对美元产生影响。美元的走势对投资者来说很重要，因为它影响着从大宗商品价格到企业盈利的方方面面。较高的收益率使得以美元计价的资产对寻求收入的投资者更具吸引力。缩减规模通常对美元有利，因为这意味着转向收紧货币政策。由于货币通常会在国内短期利率上升时升值，随着美联储继续发出即将紧缩的信号，市场正在对更高的利率进行定价。这在已经动荡的风险环境中为美元提供了支撑，这对避险美元来说是一个利好。如上所述，如果美联储购买更少的债务资产，流通中的美元就会减少。</blockquote></p><p> The market is anticipating the beginning of the taper process could begin sometime in the fourth quarter of this year, possibly as soon as November. In addition, half of the Fed vice presidents project interest rates rising at some point in 2022. Fed Chairman Powell is anticipating the taper process could end around the middle of next year, as long as the recovery remains on track. The Central Bank has insisted that they expect to keep the funds rate near zero until labor market conditions have reached levels consistent with their projections of maximum employment. We are nowhere near pre-pandemic unemployment levels (with 8.4 million unemployed persons in the U.S. now versus 5.7 million in February 2020). This could lead to concern over whether the Fed risks tightening monetary policy at a time when the economy might be significantly weaker than it already is today. At the end of the day, if the Fed is priming the markets for a taper in the fourth quarter of 2021, we could be in for a period of extended volatility.</p><p><blockquote>市场预计缩减规模进程可能会在今年第四季度的某个时候开始，最早可能在 11 月。此外，一半的美联储副主席预计利率将在 2022 年某个时候上升。美联储主席鲍威尔预计，只要复苏保持正轨，缩减规模进程可能会在明年年中左右结束。央行坚称，他们预计将基金利率保持在接近于零的水平，直到劳动力市场状况达到与其最大就业预测一致的水平。我们远未达到大流行前的失业水平（目前美国有840万人失业，而2020年2月为570万人）。这可能会引发人们对美联储是否会在经济可能比现在明显疲软的时候冒险收紧货币政策的担忧。归根结底，如果美联储在 2021 年第四季度为市场缩减规模做好准备，我们可能会经历一段长期波动的时期。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139202309","content_text":"What happens when the Fed tapers? That is the billion (or trillion) dollar question. Before we delve into the possible outcome(s) though, we must first understand what tapering means.\nIn response to the coronavirus pandemic, the Federal Reserve slashed interest rates to zero in March 2020 to help bolster growth. It also began its $120 billion in monthly asset purchases, a program known as quantitative easing (QE) that has roughly doubled the Fed’s balance sheet to about $8.5 trillion since the start of the pandemic.\n\nSource: Board of Governors of the Federal Reserve System\nQE helps by reducing long-term interest rates, thereby encouraging borrowing to help spur spending, and in turn, the economy. In doing so, the Fed essentially reduces the available supply of these bonds in the open market, forcing investors who want to own them to drive up prices. Driving up bond prices has the effect of lowering interest rates, which lowers the borrowing costs of households on their mortgages, or the costs of corporations to borrow by issuing debt.\nAs the Fed eases the pace and pares back the amount of these purchases, tapering begins with the ultimate goal of sending interest rates back to “normal.” Tapering can impact long-term interest rates, as this typically sends a signal to the markets that the Fed is shifting to a less accommodative policy stance in the future. The key is to understand that tapering does not mean the Fed stops purchasing assets, but it just reduces the pace of its balance sheet expansion. This is different than tightening, which means the Fed will no longer add assets to its balance sheet and will instead reduce the assets it holds by selling them — with large companies recently including Caterpillar Inc. and Home Depot taking advantage of to issue new bonds.\nAside from interest rates, tapering could have an impact on the U.S. dollar. The trajectory of the U.S. dollar is important for investors as it impacts everything from commodity prices to corporate earnings. Higher yields make dollar-denominated assets more attractive to income seeking investors. Tapering is typically bullish for the dollar as it means a move toward tighter monetary policy. Since currencies normally appreciate when their domestic short-term rates rise, as the Fed continues to signal imminent tightening, markets are pricing in higher rates. This offers support to the dollar amid an already choppy risk environment that is a positive for the safe haven dollar. As mentioned above, if the Fed will be buying fewer debt assets, there would be fewer dollars in circulation.\nThe market is anticipating the beginning of the taper process could begin sometime in the fourth quarter of this year, possibly as soon as November. In addition, half of the Fed vice presidents project interest rates rising at some point in 2022. Fed Chairman Powell is anticipating the taper process could end around the middle of next year, as long as the recovery remains on track. The Central Bank has insisted that they expect to keep the funds rate near zero until labor market conditions have reached levels consistent with their projections of maximum employment. We are nowhere near pre-pandemic unemployment levels (with 8.4 million unemployed persons in the U.S. now versus 5.7 million in February 2020). This could lead to concern over whether the Fed risks tightening monetary policy at a time when the economy might be significantly weaker than it already is today. At the end of the day, if the Fed is priming the markets for a taper in the fourth quarter of 2021, we could be in for a period of extended volatility.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":3565,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":812756463,"gmtCreate":1630626849652,"gmtModify":1631891356424,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/812756463","repostId":"1149132027","repostType":4,"isVote":1,"tweetType":1,"viewCount":554,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123631888,"gmtCreate":1624419815344,"gmtModify":1634006366827,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"title":"","htmlText":"Steady","listText":"Steady","text":"Steady","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/123631888","repostId":"2145664330","repostType":4,"isVote":1,"tweetType":1,"viewCount":447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164706124,"gmtCreate":1624235335468,"gmtModify":1634009220096,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"title":"","htmlText":"Comment and like please","listText":"Comment and like please","text":"Comment and like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/164706124","repostId":"1154249454","repostType":4,"isVote":1,"tweetType":1,"viewCount":572,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}