Heypi的个人主页 - 老虎社区

Heypi

Heypi

Up ah up!

IP属地：未知

8关注

3粉丝

0主题

0勋章

2021-02-24

Wow! Like and comment plz! 🚀🚀🚀

抱歉，原内容已删除

2021-03-17

Nice. Comment thanks!

抱歉，原内容已删除

2021-03-15

Wow! Like n comment plz! 🚀🚀🚀

Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>

2021-02-22

🚀🚀🚀 like and comment plz

The Hopes That Rose and Fell With GameStop<blockquote>与游戏驿站一起兴衰的希望</blockquote>

2021-03-11

Like n comment plz🚀🚀🚀

US Daylight Saving Time<blockquote>美国夏令时</blockquote>

2021-02-21

Comment and like please.

抱歉，原内容已删除

2021-02-21

Ok let’s go

Goldman Sachs is joining the robo-investing party — should you?<blockquote>高盛正在加入机器人投资行列——你应该加入吗？</blockquote>

2021-02-03

Ok

Ford to invest $1 billion to upgrade South Africa operations<blockquote>福特将投资10亿美元升级南非业务</blockquote>

2021-03-10

Nice

抱歉，原内容已删除

2021-03-02

Wow nice

抱歉，原内容已删除

2021-02-26

Wow

抱歉，原内容已删除

2021-02-21

Nice

抱歉，原内容已删除

2021-03-04

Ok

Why it's time for investors to go on defense<blockquote>为什么投资者是时候进行防御了</blockquote>

2021-02-17

Nice

Amazon Completes Purchase of Shopify Competitor Selz<blockquote>亚马逊完成对Shopify竞争对手Selz的收购</blockquote>

2021-08-05

This is clearly fud.

抱歉，原内容已删除

2021-02-09

Ok

抱歉，原内容已删除

2021-02-05

🚀🚀🚀

The dark side of the GameStop bubble: Driving stock prices to the moon can hurt America<blockquote>游戏驿站泡沫的阴暗面：将股价推上月球会伤害美国</blockquote>

2021-02-04

🚀🚀

抱歉，原内容已删除

2021-02-23

Oh no

抱歉，原内容已删除

2021-02-23

Like and comment thx!

抱歉，原内容已删除

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3568243598509522","uuid":"3568243598509522","gmtCreate":1605150961871,"gmtModify":1612349600719,"name":"Heypi","pinyin":"heypi","introduction":"","introductionEn":"","signature":"Up ah up!","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":3,"headSize":8,"tweetSize":27,"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":"228c86a078844d74991fff2b7ab2428d-3","templateUuid":"228c86a078844d74991fff2b7ab2428d","name":"投资合伙人虎","description":"证券账户累计交易金额达到100万美元","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"93.73%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-1","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"出道虎友","description":"加入老虎社区500天","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.04.01","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"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,"redirectLink":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},{"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,"redirectLink":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},{"badgeId":"35ec162348d5460f88c959321e554969-2","templateUuid":"35ec162348d5460f88c959321e554969","name":"宗师交易员","description":"证券或期货账户累计交易次数达到100次","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.32%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":11,"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":"hot","tweets":[{"id":899817045,"gmtCreate":1628173356287,"gmtModify":1633752933839,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"This is clearly fud.","listText":"This is clearly fud.","text":"This is clearly fud.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/899817045","repostId":"1184393508","repostType":2,"isVote":1,"tweetType":1,"viewCount":1024,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324219715,"gmtCreate":1615994015037,"gmtModify":1703496157857,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Nice. Comment thanks!","listText":"Nice. Comment thanks!","text":"Nice. Comment thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/324219715","repostId":"1102193342","repostType":4,"isVote":1,"tweetType":1,"viewCount":1355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322277435,"gmtCreate":1615814681927,"gmtModify":1703493406616,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Wow! Like n comment plz!&nbsp;🚀🚀🚀","listText":"Wow! Like n comment plz!&nbsp;🚀🚀🚀","text":"Wow! Like n comment plz! 🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/322277435","repostId":"1192178550","repostType":4,"repost":{"id":"1192178550","kind":"news","pubTimestamp":1615814052,"share":"https://www.laohu8.com/m/news/1192178550?lang=zh_CN&edition=full","pubTime":"2021-03-15 21:14","market":"us","language":"en","title":"Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192178550","media":"Investors","summary":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pr","content":"<p>GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021<b>General Motors</b>' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.</p><p><blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望<b>通用汽车</b>由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote></p><p> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.</p><p><blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote></p><p> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.</p><p><blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote></p><p> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?</p><p><blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote></p><p> <b>GM Stock Priced Like An Underdog</b></p><p><blockquote><b>通用汽车股票定价像失败者</b></blockquote></p><p> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.</p><p><blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote></p><p> As of March 9, GM stock had a market cap of $85billion compared to $666 billion for<b>Tesla</b>(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.</p><p><blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元<b>特斯拉</b>(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote></p><p> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.</p><p><blockquote>然而，通用汽车销售的大部分是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote></p><p> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.</p><p><blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增长，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote></p><p> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,<b>Toyota</b>(TM) and EV battery startup<b>QuantumScape</b>(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.</p><p><blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，<b>丰田</b>（TM）和电动汽车电池启动<b>量子景观</b>(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote></p><p> <b>Apple</b>(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.</p><p><blockquote><b>苹果</b>(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote></p><p> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.</p><p><blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote></p><p> <b>EV Transition</b></p><p><blockquote><b>电动汽车转型</b></blockquote></p><p> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.</p><p><blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote></p><p> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.</p><p><blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。其中可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote></p><p> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.</p><p><blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote></p><p> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.</p><p><blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote></p><p> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.</p><p><blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote></p><p> <b>GM Stock Chart Technical Analysis</b></p><p><blockquote><b>通用汽车股票图表技术分析</b></blockquote></p><p> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.</p><p><blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote></p><p> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.</p><p><blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote></p><p></p><p> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.</p><p><blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote></p><p> Meanwhile, momentum continued amid news on Jan. 19 that<b>Microsoft</b>(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.</p><p><blockquote>与此同时，1月19日有消息称，势头仍在继续<b>微软</b>（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote></p><p> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.</p><p><blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote></p><p> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.</p><p><blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote></p><p> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.</p><p><blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote></p><p> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.</p><p><blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote></p><p> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.</p><p><blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote></p><p> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.</p><p><blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\"><b>General Motors Earnings And Sales Trends</b></p><p><blockquote><b>通用汽车盈利和销售趋势</b></blockquote></p><p> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.</p><p><blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote></p><p> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.</p><p><blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote></p><p> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.</p><p><blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote></p><p> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.</p><p><blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote></p><p> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.</p><p><blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote></p><p> <b>Brightdrop</b></p><p><blockquote><b>Brightdrop</b></blockquote></p><p> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go to<b>FedEx</b>(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.</p><p><blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往<b>联邦快递</b>（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote></p><p> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.</p><p><blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote></p><p> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.</p><p><blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote></p><p> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.</p><p><blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote></p><p> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.</p><p><blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote></p><p> <b>Ford</b>(F) will also have an electric version of its popular Transit van out in late 2021.<b>Workhorse Group</b>(WKHS) and Rivian are EV delivery van plays too.</p><p><blockquote><b>福特</b>(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。<b>主力集团</b>(WKHS)和Rivian也是电动送货车公司。</blockquote></p><p> <b>GM's 'Stable Of Unicorns'</b></p><p><blockquote><b>通用汽车的“独角兽稳定”</b></blockquote></p><p> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"</p><p><blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote></p><p> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.</p><p><blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote></p><p> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal with<b>Honda Motor</b>(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.</p><p><blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与<b>本田汽车</b>(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote></p><p> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.</p><p><blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote></p><p> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).</p><p><blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote></p><p> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.</p><p><blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote></p><p></p><p> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal with<b>Navistar</b>(NAV) to supply fuel cells for long-haul trucks. Trucking firm<b>J.B. Hunt</b>(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.</p><p><blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与<b>Navistar</b>（NAV）为长途卡车供应燃料电池。货运公司<b>J.B.追捕</b>(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote></p><p> That followed GM's scaled-back deal to supply fuel cells to<b>Nikola</b>(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.</p><p><blockquote>此前，通用汽车缩减了向<b>尼古拉</b>（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote></p><p> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.</p><p><blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote></p><p> <b>Hummer EV Buzz</b></p><p><blockquote><b>悍马EV嗡嗡声</b></blockquote></p><p> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.</p><p><blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote></p><p> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks from<b>Ford</b>(F) and<b>Amazon</b>(AMZN)-backed Rivian.</p><p><blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争<b>福特</b>(F)及<b>亚马逊</b>（AMZN）支持的Rivian。</blockquote></p><p> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.</p><p><blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote></p><p> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.</p><p><blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote></p><p> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.</p><p><blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote></p><p> <b>General Motors' Ultium Battery Future</b></p><p><blockquote><b>通用汽车Ultium电池的未来</b></blockquote></p><p> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.</p><p><blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote></p><p> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.</p><p><blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote></p><p> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.</p><p><blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote></p><p> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.</p><p><blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote></p><p> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"</p><p><blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote></p><p> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.</p><p><blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote></p><p> <b>GM Cruise Vs. Tesla And Alphabet Waymo</b></p><p><blockquote><b>通用Cruise与特斯拉和Alphabet Waymo</b></blockquote></p><p> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.</p><p><blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote></p><p> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.</p><p><blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote></p><p> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.</p><p><blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote></p><p> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.</p><p><blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote></p><p> On Nov. 10,<b>Walmart</b>(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.</p><p><blockquote>11月10日，<b>沃尔玛</b>(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote></p><p> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.</p><p><blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote></p><p> Apple,<b>Alphabet</b>(GOOGL)-unit Waymo,&nbsp;<b>Uber</b>(UBER),<b>Ford</b>(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.</p><p><blockquote>苹果,<b>Alphabet</b>（GOOGL）-Waymo部门，<b>优步</b>（优步），<b>福特</b>(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote></p><p> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.</p><p><blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote></p><p></p><p> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.</p><p><blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote></p><p> <b>Is GM Stock A Buy?</b></p><p><blockquote><b>通用汽车股票值得买入吗？</b></blockquote></p><p> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.</p><p><blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote></p><p> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.</p><p><blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote></p><p> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.</p><p><blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote></p><p> <b>Bottom line:</b>GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.</p><p><blockquote><b>底线：</b>通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote></p><p></p>","source":"lsy1610449120050","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>Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</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\">\nIs GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Investors</strong><span class=\"h-time small\">2021-03-15 21:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p>GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021<b>General Motors</b>' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.</p><p><blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望<b>通用汽车</b>由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote></p><p> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.</p><p><blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote></p><p> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.</p><p><blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote></p><p> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?</p><p><blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote></p><p> <b>GM Stock Priced Like An Underdog</b></p><p><blockquote><b>通用汽车股票定价像失败者</b></blockquote></p><p> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.</p><p><blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote></p><p> As of March 9, GM stock had a market cap of $85billion compared to $666 billion for<b>Tesla</b>(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.</p><p><blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元<b>特斯拉</b>(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote></p><p> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.</p><p><blockquote>然而，通用汽车销售的大部分是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote></p><p> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.</p><p><blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增长，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote></p><p> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,<b>Toyota</b>(TM) and EV battery startup<b>QuantumScape</b>(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.</p><p><blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，<b>丰田</b>（TM）和电动汽车电池启动<b>量子景观</b>(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote></p><p> <b>Apple</b>(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.</p><p><blockquote><b>苹果</b>(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote></p><p> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.</p><p><blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote></p><p> <b>EV Transition</b></p><p><blockquote><b>电动汽车转型</b></blockquote></p><p> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.</p><p><blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote></p><p> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.</p><p><blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。其中可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote></p><p> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.</p><p><blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote></p><p> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.</p><p><blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote></p><p> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.</p><p><blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote></p><p> <b>GM Stock Chart Technical Analysis</b></p><p><blockquote><b>通用汽车股票图表技术分析</b></blockquote></p><p> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.</p><p><blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote></p><p> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.</p><p><blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote></p><p></p><p> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.</p><p><blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote></p><p> Meanwhile, momentum continued amid news on Jan. 19 that<b>Microsoft</b>(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.</p><p><blockquote>与此同时，1月19日有消息称，势头仍在继续<b>微软</b>（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote></p><p> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.</p><p><blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote></p><p> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.</p><p><blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote></p><p> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.</p><p><blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote></p><p> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.</p><p><blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote></p><p> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.</p><p><blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote></p><p> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.</p><p><blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\"><b>General Motors Earnings And Sales Trends</b></p><p><blockquote><b>通用汽车盈利和销售趋势</b></blockquote></p><p> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.</p><p><blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote></p><p> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.</p><p><blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote></p><p> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.</p><p><blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote></p><p> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.</p><p><blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote></p><p> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.</p><p><blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote></p><p> <b>Brightdrop</b></p><p><blockquote><b>Brightdrop</b></blockquote></p><p> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go to<b>FedEx</b>(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.</p><p><blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往<b>联邦快递</b>（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote></p><p> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.</p><p><blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote></p><p> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.</p><p><blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote></p><p> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.</p><p><blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote></p><p> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.</p><p><blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote></p><p> <b>Ford</b>(F) will also have an electric version of its popular Transit van out in late 2021.<b>Workhorse Group</b>(WKHS) and Rivian are EV delivery van plays too.</p><p><blockquote><b>福特</b>(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。<b>主力集团</b>(WKHS)和Rivian也是电动送货车公司。</blockquote></p><p> <b>GM's 'Stable Of Unicorns'</b></p><p><blockquote><b>通用汽车的“独角兽稳定”</b></blockquote></p><p> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"</p><p><blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote></p><p> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.</p><p><blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote></p><p> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal with<b>Honda Motor</b>(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.</p><p><blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与<b>本田汽车</b>(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote></p><p> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.</p><p><blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote></p><p> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).</p><p><blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote></p><p> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.</p><p><blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote></p><p></p><p> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal with<b>Navistar</b>(NAV) to supply fuel cells for long-haul trucks. Trucking firm<b>J.B. Hunt</b>(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.</p><p><blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与<b>Navistar</b>（NAV）为长途卡车供应燃料电池。货运公司<b>J.B.追捕</b>(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote></p><p> That followed GM's scaled-back deal to supply fuel cells to<b>Nikola</b>(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.</p><p><blockquote>此前，通用汽车缩减了向<b>尼古拉</b>（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote></p><p> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.</p><p><blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote></p><p> <b>Hummer EV Buzz</b></p><p><blockquote><b>悍马EV嗡嗡声</b></blockquote></p><p> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.</p><p><blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote></p><p> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks from<b>Ford</b>(F) and<b>Amazon</b>(AMZN)-backed Rivian.</p><p><blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争<b>福特</b>(F)及<b>亚马逊</b>（AMZN）支持的Rivian。</blockquote></p><p> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.</p><p><blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote></p><p> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.</p><p><blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote></p><p> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.</p><p><blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote></p><p> <b>General Motors' Ultium Battery Future</b></p><p><blockquote><b>通用汽车Ultium电池的未来</b></blockquote></p><p> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.</p><p><blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote></p><p> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.</p><p><blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote></p><p> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.</p><p><blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote></p><p> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.</p><p><blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote></p><p> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"</p><p><blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote></p><p> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.</p><p><blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote></p><p> <b>GM Cruise Vs. Tesla And Alphabet Waymo</b></p><p><blockquote><b>通用Cruise与特斯拉和Alphabet Waymo</b></blockquote></p><p> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.</p><p><blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote></p><p> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.</p><p><blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote></p><p> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.</p><p><blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote></p><p> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.</p><p><blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote></p><p> On Nov. 10,<b>Walmart</b>(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.</p><p><blockquote>11月10日，<b>沃尔玛</b>(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote></p><p> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.</p><p><blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote></p><p> Apple,<b>Alphabet</b>(GOOGL)-unit Waymo,&nbsp;<b>Uber</b>(UBER),<b>Ford</b>(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.</p><p><blockquote>苹果,<b>Alphabet</b>（GOOGL）-Waymo部门，<b>优步</b>（优步），<b>福特</b>(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote></p><p> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.</p><p><blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote></p><p></p><p> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.</p><p><blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote></p><p> <b>Is GM Stock A Buy?</b></p><p><blockquote><b>通用汽车股票值得买入吗？</b></blockquote></p><p> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.</p><p><blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote></p><p> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.</p><p><blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote></p><p> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.</p><p><blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote></p><p> <b>Bottom line:</b>GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.</p><p><blockquote><b>底线：</b>通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.investors.com/research/gm-stock-buy-now/\">Investors</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":{"GM":"通用汽车"},"source_url":"https://www.investors.com/research/gm-stock-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192178550","content_text":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.\nMeanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.\nGM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.\nMore van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed —  and begin taking reservations. So is now a good time to buy GM stock?\nGM Stock Priced Like An Underdog\nGM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.\nAs of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.\nYet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.\nThat blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.\nGM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.\nApple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.\nIt's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.\nEV Transition\nOn Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.\nGM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.\nBarra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.\nBarra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.\n\"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.\nGM Stock Chart Technical Analysis\nGM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.\nShares subsequently pulled back on its dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.\nOn Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.\nMeanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's Cruise autonomous vehicle unit.\nGM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.\nWhile GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.\nOn March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.\nHowever, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.\nAs of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.\nTherelative strength line, which shows how GM stock performs vs. the S&P 500 index, is back to a two-plus year high.\nGeneral Motors Earnings And Sales Trends\nAfter a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.\nThen, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.\nSales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.\nMeanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.\nGM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.\nBrightdrop\nBrightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.\nGM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.\nGM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.\nThe timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.\nSubsequently, Merchants Fleet announced an order for 12,600 EV600 vans.\nFord(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.\nGM's 'Stable Of Unicorns'\nEven before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"\nIn a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.\nGM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.\nGM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.\nHe also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).\nHe derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.\nJonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.\nThat followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.\nIn June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.\nHummer EV Buzz\nGM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.\nThe Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.\nThe Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.\nPrices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.\nGM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.\nGeneral Motors' Ultium Battery Future\nGM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.\nThe Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.\nThe first generation of GM's coming EV lineup \"will be profitable,\" the company said. Since then, GM has detailed a much more complete vision of its EV future.\nIn September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.\nUltium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"\nNow GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.\nGM Cruise Vs. Tesla And Alphabet Waymo\nOn Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.\nThe investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.\nIn November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.\nCruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.\nOn Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.\nIn January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.\nApple,Alphabet(GOOGL)-unit Waymo, Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.\nGM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.\nTesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.\nIs GM Stock A Buy?\nThe technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.\nStill, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.\nInvestors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.\nBottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.","news_type":1,"symbols_score_info":{"GM":0.9}},"isVote":1,"tweetType":1,"viewCount":1405,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321440681,"gmtCreate":1615465900343,"gmtModify":1703489416102,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Like n comment plz🚀🚀🚀","listText":"Like n comment plz🚀🚀🚀","text":"Like n comment plz🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/321440681","repostId":"1199156489","repostType":4,"repost":{"id":"1199156489","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":1615452861,"share":"https://www.laohu8.com/m/news/1199156489?lang=zh_CN&edition=full","pubTime":"2021-03-11 16:54","market":"us","language":"en","title":"US Daylight Saving Time<blockquote>美国夏令时</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199156489","media":"Tiger Newspress","summary":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving tim","content":"<p>From&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;March&nbsp;14(this&nbsp;Sunday),the&nbsp;North America&nbsp;region&nbsp;entered&nbsp;daylight saving&nbsp;time,until&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;ends&nbsp;on&nbsp;November&nbsp;7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02：00开始，北美地区进入夏令时，直到美国东部时间2021年11月7日02：00结束。</blockquote></p><p>So,starting&nbsp;on&nbsp;Monday,March&nbsp;14,the&nbsp;U.S.&nbsp;market&nbsp;will&nbsp;open&nbsp;and&nbsp;close&nbsp;one&nbsp;hour&nbsp;ahead&nbsp;of&nbsp;schedule&nbsp;during&nbsp;north&nbsp;american&nbsp;daylight saving time,i.e.,U.S.&nbsp;trading&nbsp;time&nbsp;will&nbsp;be&nbsp;changed&nbsp;to&nbsp;21:30&nbsp;beijing&nbsp;time&nbsp;to&nbsp;04:00&nbsp;a.m.the&nbsp;next&nbsp;day,pre-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;16:00&nbsp;to&nbsp;21:30,after-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;04:00&nbsp;to&nbsp;8:00.</p><p><blockquote>于是，从3月14日周一开始，美国市场将在北美夏令时期间提前一小时开盘和收盘，即美国交易时间改为北京时间21:30至次日凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天会持续更长时间到晚上。北美和欧洲的大部分地区遵循这一习俗，而其他地方的大多数国家则不这样做。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。坚持现状是义不容辞的责任。</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>US Daylight Saving Time<blockquote>美国夏令时</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\">\nUS Daylight Saving Time<blockquote>美国夏令时</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-11 16:54</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>From&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;March&nbsp;14(this&nbsp;Sunday),the&nbsp;North America&nbsp;region&nbsp;entered&nbsp;daylight saving&nbsp;time,until&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;ends&nbsp;on&nbsp;November&nbsp;7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02：00开始，北美地区进入夏令时，直到美国东部时间2021年11月7日02：00结束。</blockquote></p><p>So,starting&nbsp;on&nbsp;Monday,March&nbsp;14,the&nbsp;U.S.&nbsp;market&nbsp;will&nbsp;open&nbsp;and&nbsp;close&nbsp;one&nbsp;hour&nbsp;ahead&nbsp;of&nbsp;schedule&nbsp;during&nbsp;north&nbsp;american&nbsp;daylight saving time,i.e.,U.S.&nbsp;trading&nbsp;time&nbsp;will&nbsp;be&nbsp;changed&nbsp;to&nbsp;21:30&nbsp;beijing&nbsp;time&nbsp;to&nbsp;04:00&nbsp;a.m.the&nbsp;next&nbsp;day,pre-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;16:00&nbsp;to&nbsp;21:30,after-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;04:00&nbsp;to&nbsp;8:00.</p><p><blockquote>于是，从3月14日周一开始，美国市场将在北美夏令时期间提前一小时开盘和收盘，即美国交易时间改为北京时间21:30至次日凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天会持续更长时间到晚上。北美和欧洲的大部分地区遵循这一习俗，而其他地方的大多数国家则不这样做。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。坚持现状是义不容辞的责任。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199156489","content_text":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving time,until 02:00 U.S. East time ends on November 7,2021.So,starting on Monday,March 14,the U.S. market will open and close one hour ahead of schedule during north american daylight saving time,i.e.,U.S. trading time will be changed to 21:30 beijing time to 04:00 a.m.the next day,pre-trade time will be 16:00 to 21:30,after-trade time will be 04:00 to 8:00.What is daylight saving time?The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1268,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321095696,"gmtCreate":1615383868815,"gmtModify":1703488196014,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321095696","repostId":"1157854868","repostType":4,"isVote":1,"tweetType":1,"viewCount":1402,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364401640,"gmtCreate":1614868567980,"gmtModify":1703482244611,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/364401640","repostId":"1104449833","repostType":4,"repost":{"id":"1104449833","kind":"news","pubTimestamp":1614867375,"share":"https://www.laohu8.com/m/news/1104449833?lang=zh_CN&edition=full","pubTime":"2021-03-04 22:16","market":"us","language":"en","title":"Why it's time for investors to go on defense<blockquote>为什么投资者是时候进行防御了</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1104449833","media":"cnn","summary":"It's time for investors to start making safer bets.\nThat's what Howard Marks, co-chairman of Oaktree","content":"<p>It's time for investors to start making safer bets.</p><p><blockquote>投资者是时候开始进行更安全的押注了。</blockquote></p><p> That's what Howard Marks, co-chairman of Oaktree Capital, told CNNMoney editor-at-large Richard Quest on \"Markets Now\" on Wednesday.</p><p><blockquote>这是橡树资本联席董事长霍华德·马克斯(Howard Marks)周三在“Markets Now”节目中向CNNMoney特约编辑理查德·奎斯特(Richard Quest)表示的。</blockquote></p><p> \"Defense is more important than offense\" right now, said Marks, the author of \"Mastering the Market Cycle: Getting the Odds on Your Side.\"</p><p><blockquote>《掌握市场周期：让胜算站在你这边》一书的作者马克斯表示，目前“防守比进攻更重要”。</blockquote></p><p> Investors should consider taking a stake in utilities, and decreasing their investments in more volatile tech stocks, he said.</p><p><blockquote>他表示，投资者应考虑入股公用事业公司，并减少对波动性更大的科技股的投资。</blockquote></p><p> Defense is the name of the game for a few reasons.</p><p><blockquote>防守是游戏的名字有几个原因。</blockquote></p><p> Though stocks have been soaring, Marks warned that we may be nearing the end of the bull cycle.</p><p><blockquote>尽管股市一直在飙升，但马克斯警告说，我们可能已接近牛市周期的尾声。</blockquote></p><p> \"I'm not saying get out,\" he said. \"I think that being out of the market is pretty dangerous today, and I think it would be a mistake to raise cash.\" But more reliable stocks can protect investors from big losses if the climate changes.</p><p><blockquote>“我不是说滚出去，”他说。“我认为今天退出市场是相当危险的，我认为筹集现金将是一个错误。”但如果气候发生变化，更可靠的股票可以保护投资者免受重大损失。</blockquote></p><p> Marks also pointed to the trade war with China as another reason for investors to tread carefully.</p><p><blockquote>马克斯还指出，与中国的贸易战是投资者谨慎行事的另一个原因。</blockquote></p><p> \"We have a trade battle with China, it's probably going to get solved, but it may go off the rails,\" he said. \"And if it goes off the rails, it has very serious consequences for the world economy.\"</p><p><blockquote>“我们与中国有一场贸易战，它可能会得到解决，但也可能会偏离轨道，”他说。“而如果脱轨，将对世界经济造成非常严重的后果。”</blockquote></p><p> \"Markets Now\" streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by CNNMoney's business correspondents, the 15-minute program features incisive commentary from experts.</p><p><blockquote>“Markets Now”每周三中午12:45在纽约证券交易所直播。等。这个15分钟的节目由CNNMoney的商业记者主持，有专家的精辟评论。</blockquote></p><p> You can watch \"Markets Now\" at CNNMoney.com/MarketsNow from your desk or on your phone or tablet. If you can't catch the show live, check out highlights online and through the Markets Now newsletter, delivered to your inbox every afternoon.</p><p><blockquote>你可以在办公桌上、手机或平板电脑上观看CNNMoney.com/MarketsNow的《现在市场》。如果您无法现场观看演出，请在线查看精彩内容，并通过每天下午发送到您收件箱的Markets Now时事通讯查看精彩内容。</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>Why it's time for investors to go on defense<blockquote>为什么投资者是时候进行防御了</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy it's time for investors to go on defense<blockquote>为什么投资者是时候进行防御了</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">cnn</strong><span class=\"h-time small\">2021-03-04 22:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It's time for investors to start making safer bets.</p><p><blockquote>投资者是时候开始进行更安全的押注了。</blockquote></p><p> That's what Howard Marks, co-chairman of Oaktree Capital, told CNNMoney editor-at-large Richard Quest on \"Markets Now\" on Wednesday.</p><p><blockquote>这是橡树资本联席董事长霍华德·马克斯(Howard Marks)周三在“Markets Now”节目中向CNNMoney特约编辑理查德·奎斯特(Richard Quest)表示的。</blockquote></p><p> \"Defense is more important than offense\" right now, said Marks, the author of \"Mastering the Market Cycle: Getting the Odds on Your Side.\"</p><p><blockquote>《掌握市场周期：让胜算站在你这边》一书的作者马克斯表示，目前“防守比进攻更重要”。</blockquote></p><p> Investors should consider taking a stake in utilities, and decreasing their investments in more volatile tech stocks, he said.</p><p><blockquote>他表示，投资者应考虑入股公用事业公司，并减少对波动性更大的科技股的投资。</blockquote></p><p> Defense is the name of the game for a few reasons.</p><p><blockquote>防守是游戏的名字有几个原因。</blockquote></p><p> Though stocks have been soaring, Marks warned that we may be nearing the end of the bull cycle.</p><p><blockquote>尽管股市一直在飙升，但马克斯警告说，我们可能已接近牛市周期的尾声。</blockquote></p><p> \"I'm not saying get out,\" he said. \"I think that being out of the market is pretty dangerous today, and I think it would be a mistake to raise cash.\" But more reliable stocks can protect investors from big losses if the climate changes.</p><p><blockquote>“我不是说滚出去，”他说。“我认为今天退出市场是相当危险的，我认为筹集现金将是一个错误。”但如果气候发生变化，更可靠的股票可以保护投资者免受重大损失。</blockquote></p><p> Marks also pointed to the trade war with China as another reason for investors to tread carefully.</p><p><blockquote>马克斯还指出，与中国的贸易战是投资者谨慎行事的另一个原因。</blockquote></p><p> \"We have a trade battle with China, it's probably going to get solved, but it may go off the rails,\" he said. \"And if it goes off the rails, it has very serious consequences for the world economy.\"</p><p><blockquote>“我们与中国有一场贸易战，它可能会得到解决，但也可能会偏离轨道，”他说。“而如果脱轨，将对世界经济造成非常严重的后果。”</blockquote></p><p> \"Markets Now\" streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by CNNMoney's business correspondents, the 15-minute program features incisive commentary from experts.</p><p><blockquote>“Markets Now”每周三中午12:45在纽约证券交易所直播。等。这个15分钟的节目由CNNMoney的商业记者主持，有专家的精辟评论。</blockquote></p><p> You can watch \"Markets Now\" at CNNMoney.com/MarketsNow from your desk or on your phone or tablet. If you can't catch the show live, check out highlights online and through the Markets Now newsletter, delivered to your inbox every afternoon.</p><p><blockquote>你可以在办公桌上、手机或平板电脑上观看CNNMoney.com/MarketsNow的《现在市场》。如果您无法现场观看演出，请在线查看精彩内容，并通过每天下午发送到您收件箱的Markets Now时事通讯查看精彩内容。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2018/10/03/investing/markets-now-investing-defense/index.html\">cnn</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://edition.cnn.com/2018/10/03/investing/markets-now-investing-defense/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104449833","content_text":"It's time for investors to start making safer bets.\nThat's what Howard Marks, co-chairman of Oaktree Capital, told CNNMoney editor-at-large Richard Quest on \"Markets Now\" on Wednesday.\n\"Defense is more important than offense\" right now, said Marks, the author of \"Mastering the Market Cycle: Getting the Odds on Your Side.\"\nInvestors should consider taking a stake in utilities, and decreasing their investments in more volatile tech stocks, he said.\nDefense is the name of the game for a few reasons.\nThough stocks have been soaring, Marks warned that we may be nearing the end of the bull cycle.\n\"I'm not saying get out,\" he said. \"I think that being out of the market is pretty dangerous today, and I think it would be a mistake to raise cash.\" But more reliable stocks can protect investors from big losses if the climate changes.\nMarks also pointed to the trade war with China as another reason for investors to tread carefully.\n\"We have a trade battle with China, it's probably going to get solved, but it may go off the rails,\" he said. \"And if it goes off the rails, it has very serious consequences for the world economy.\"\n\"Markets Now\" streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by CNNMoney's business correspondents, the 15-minute program features incisive commentary from experts.\nYou can watch \"Markets Now\" at CNNMoney.com/MarketsNow from your desk or on your phone or tablet. If you can't catch the show live, check out highlights online and through the Markets Now newsletter, delivered to your inbox every afternoon.","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365930989,"gmtCreate":1614687366041,"gmtModify":1703479856145,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Wow nice","listText":"Wow nice","text":"Wow nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/365930989","repostId":"1178558123","repostType":4,"isVote":1,"tweetType":1,"viewCount":1273,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":368708475,"gmtCreate":1614351393097,"gmtModify":1703476790946,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368708475","repostId":"1117820997","repostType":4,"isVote":1,"tweetType":1,"viewCount":1364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363431213,"gmtCreate":1614162040232,"gmtModify":1634550936356,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Wow! Like and comment plz! 🚀🚀🚀","listText":"Wow! Like and comment plz! 🚀🚀🚀","text":"Wow! Like and comment plz! 🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/363431213","repostId":"1109259264","repostType":4,"isVote":1,"tweetType":1,"viewCount":1700,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363990486,"gmtCreate":1614089268945,"gmtModify":1634551224895,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Oh no","listText":"Oh no","text":"Oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363990486","repostId":"1198320495","repostType":4,"isVote":1,"tweetType":1,"viewCount":1262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363907536,"gmtCreate":1614089178025,"gmtModify":1634551225373,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Like and comment thx!","listText":"Like and comment thx!","text":"Like and comment thx!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363907536","repostId":"1178144401","repostType":4,"isVote":1,"tweetType":1,"viewCount":625,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369091048,"gmtCreate":1613986191284,"gmtModify":1634551657438,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"🚀🚀🚀 like and comment plz","listText":"🚀🚀🚀 like and comment plz","text":"🚀🚀🚀 like and comment plz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/369091048","repostId":"1152031988","repostType":4,"repost":{"id":"1152031988","kind":"news","pubTimestamp":1613985392,"share":"https://www.laohu8.com/m/news/1152031988?lang=zh_CN&edition=full","pubTime":"2021-02-22 17:16","market":"us","language":"en","title":"The Hopes That Rose and Fell With GameStop<blockquote>与游戏驿站一起兴衰的希望</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1152031988","media":"The New York Times","summary":"Fueled by amateur traders and online enthusiasm, the struggling retailer’s shares took investors on ","content":"<p>Fueled by amateur traders and online enthusiasm, the struggling retailer’s shares took investors on a ride like no other. For them, it ended in different ways, including apathy, defiance and regret.</p><p><blockquote>在业余交易者和在线热情的推动下，这家陷入困境的零售商的股票给投资者带来了前所未有的上涨。对他们来说，它以不同的方式结束，包括冷漠、蔑视和遗憾。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b3ae93ef5e461f7efc81eddb3dd867d2\" tg-width=\"2048\" tg-height=\"1366\" referrerpolicy=\"no-referrer\"><span>Jacob Chalfant, a high school senior from Westfield, N.J., is still holding the shares he bought for $1,035. On Friday, they were worth $220.Credit...Bryan Anselm for The New York Times</span></p><p><blockquote><p class=\"t-img-caption\"><span>来自新泽西州韦斯特菲尔德的高中毕业生雅各布·查尔方特（Jacob Chalfant）仍持有他以1035美元购买的股票。周五，它们价值220美元。归功于《纽约时报》的布莱恩·安瑟姆</span></p></blockquote></p><p>Some wanted to be on the front lines of a revolution. Some wanted to be rich. And by the end of a wild two-week ride where fortunes were made and lost, some just hoped they’d be able to pay their rent.</p><p><blockquote>有些人想站在革命的前线。有些人想变得富有。在为期两周的疯狂旅程结束时，一些人只是希望他们能够支付房租。</blockquote></p><p>Winners and losers are made every day on Wall Street. And for a while, the unlikely trading boom around the stock of the beleaguered video game retailerGameStopput the little guy on top. Breathtaking fortunes appeared overnight.</p><p><blockquote>华尔街每天都有赢家和输家。有一段时间，围绕陷入困境的视频游戏零售商GameStop的股票出现了不太可能的交易热潮，让这个小人物登上了顶峰。惊人的财富一夜之间出现了。</blockquote></p><p>But they disappeared almost as quickly.</p><p><blockquote>但他们几乎同样迅速地消失了。</blockquote></p><p>At its highest point,GameStop’s&nbsp;share price was $483. On Friday, the stock was worth $40.59. The trading frenzy — powered by online hype over a rebellion against traditional Wall Street powers — had created, and then&nbsp;destroyed, roughly $30 billion in on-paper wealth.</p><p><blockquote>最高点时，游戏驿站股价为483美元。周五，该股价值40.59美元。这场交易狂潮——由网上对反抗传统华尔街权力的炒作推动——创造并摧毁了大约300亿美元的账面财富。</blockquote></p><p>Many small-time investors who got caught up in the mania as it peaked lost big. Timing a trade perfectly is nearly impossible even for the best stock pickers, so even those who made money missed out on far greater riches if they didn’t sell at the rally’s peak.</p><p><blockquote>许多在狂热达到顶峰时陷入狂热的小投资者损失惨重。即使对于最好的选股者来说，完美地把握交易时机也几乎是不可能的，因此即使是那些赚钱的人，如果没有在反弹的顶峰卖出，也会错过更大的财富。</blockquote></p><p>Whether they set out to make a mint or make a point, these&nbsp;traders rode the GameStop wave&nbsp;up — and down.</p><p><blockquote>无论他们是为了赚钱还是为了表明自己的观点，这些交易者都在游戏驿站浪潮中上下波动。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f991998f6a7c1cae38b84edd05dacc3\" tg-width=\"820\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Shawn Daumer, 19, near his office in Crown Point, Ind. He said he sold his GameStop shares last week and walked away with more than $65,000 in profit.Credit...Evan Jenkins for The New York Times</span></p><p><blockquote><p class=\"t-img-caption\"><span>19岁的肖恩·道默(Shawn Daumer)在印第安纳州皇冠点的办公室附近。他表示，他上周出售了游戏驿站股票，并获得了超过65,000美元的利润。图片来源：Evan Jenkins，纽约时报</span></p></blockquote></p><p><b>Money on the Table</b></p><p><blockquote><b>桌上的钱</b></blockquote></p><p>What do you do when you’re 19 and suddenly holding a quarter-million dollars in stock? Shawn Daumer went to Hooters.</p><p><blockquote>当你19岁突然持有25万美元的股票时，你会怎么做？肖恩·道默去了猫头鹰餐厅。</blockquote></p><p>Armed with money partly from high school graduation gifts and winnings from trades on stocks like Tesla, Mr. Daumer had spent about $47,000on shares of GameStop the week before it went through the roof.</p><p><blockquote>道默带着部分来自高中毕业礼物和特斯拉等股票交易的奖金，在游戏驿站股价飙升前一周，他花了约47,000美元购买了该股。</blockquote></p><p>It was Jan. 26 — just two days into&nbsp;GameStop’s big week— when he and his brother hit up Hooters, scarfed down 30 wings and got 10 more to go. Two days later, GameStop hit its intraday peak of $483 and Mr. Daumer, a real estate broker in Valparaiso, Ind., was holding 1,233 shares. He was up more than a half-million dollars on his initial investment.</p><p><blockquote>那是1月26日——就在游戏驿站重要一周的两天——他和他的兄弟去了猫头鹰餐厅，狼吞虎咽地吃了30个鸡翅，还剩下10个。两天后，游戏驿站触及483美元的盘中高点，印第安纳州Valparaiso的房地产经纪人Daumer先生持有1233股。他的初始投资增加了50多万美元。</blockquote></p><p>Mr. Daumer traced his interest in GameStop to the same place many others did: Reddit’s WallStreetBets forum, where armchair traders gather for raunchy jokes, tales of success and even to brag about enormous losses.</p><p><blockquote>道默先生将他对游戏驿站的兴趣追溯到许多其他人所做的同一个地方：Reddit的WallStreetBets论坛，纸上谈兵的交易者聚集在这里，分享淫秽笑话、成功故事，甚至吹嘘巨大的损失。</blockquote></p><p><b>Understand What Happened With GameStop</b></p><p><blockquote><b>了解游戏驿站发生了什么</b></blockquote></p><p><ul><li>Shares in GameStop, the video retailer,have crashed&nbsp;from their January highs, which were driven by memes on social media.</li><li>Amateur traders&nbsp;egging on one another on Redditbet heavily on shares of the company&nbsp;in January, sending the price up more than 1,700 percent at one point.</li><li>The wave was in part aimed athurting large hedge funds&nbsp;that had been&nbsp;short selling&nbsp;— betting against —&nbsp;GameStop stock. Some of those fundsexperienced huge losses&nbsp;as a result.</li><li>But many of the individual investors who pumped up the stock could lose huge amounts of money, too. Somebelieve the price will go back up&nbsp;and are refusing to sell, even as the share price has collapsed.</li><li>Now, regulators are looking into&nbsp;how the rally started&nbsp;and whethernew rules&nbsp;should be created because of it.</li></ul>“Really the biggest part is once you see everybody buying shares day after day, and seeing it live on your own screen, and watching it go up,” Mr. Daumer said in the midst of GameStop’s surge. “It’s follow the trend, you know? If that’s the trend, follow it and it makes you money.”</p><p><blockquote><ul><li>在社交媒体上的表情包推动下，视频零售商游戏驿站的股价已从一月份的高点暴跌。</li><li>1月份，业余交易者在Redditbet上互相怂恿，大量买入该公司股票，导致股价一度上涨超过1700%。</li><li>这波浪潮的部分目的是打击一直在卖空（做空）游戏驿站股票的大型对冲基金。其中一些基金因此遭受了巨大损失。</li><li>但许多推高该股的个人投资者也可能损失巨额资金。有些人相信价格会回升，并拒绝出售，即使股价已经暴跌。</li><li>现在，监管机构正在调查反弹是如何开始的，以及是否应该因此制定新规则。</li></ul>“实际上，最重要的部分是一旦你看到每个人日复一日地购买股票，并在你自己的屏幕上看到它的直播，并看着它上涨，”道默先生在游戏驿站的飙升中说道。“这就是跟随趋势，你知道吗？如果这是趋势，跟随它，它会让你赚钱。”</blockquote></p><p>But GameStop’s stock abruptly turned down when the trading app Robinhood and other brokerage firms announced a slew of restrictions on the trading of a handful of stocks that had been spiking. Mr. Daumer had about $200,000 in potential profits evaporate almost immediately.</p><p><blockquote>但当交易应用程序Robinhood和其他经纪公司宣布对少数飙升股票的交易实施一系列限制时，游戏驿站的股价突然下跌。道默先生大约20万美元的潜在利润几乎立即蒸发。</blockquote></p><p>“I’m still up 500 percent,” he said at the time. “I’m OK.” Besides, Mr. Daumer and his fellow Redditors believed GameStop would soar once more: “We’re going to $1,000,” he said.</p><p><blockquote>“我仍然上涨了500%，”他当时说道。“我没事。”此外，Daumer先生和他的Reddit用户同事相信游戏驿站将再次飙升：“我们将达到1,000美元，”他说。</blockquote></p><p>They never came close.</p><p><blockquote>他们从未接近过。</blockquote></p><p>Last week,as the stock plunged&nbsp;72 percent in two days, he’d had enough. Mr. Daumer put in an order to sell on Tuesday afternoon, and the order was filled Wednesday morning at a price of $91.22.</p><p><blockquote>上周，当该股在两天内暴跌72%时，他已经受够了。Daumer先生在周二下午下了卖出订单，该订单于周三上午以91.22美元的价格被执行。</blockquote></p><p>He walked away with more than $65,000 in profit, more than doubling his investment.</p><p><blockquote>他带走了超过65,000美元的利润，是他投资的两倍多。</blockquote></p><p></p><p>Not everyone was so lucky.</p><p><blockquote>不是每个人都这么幸运。</blockquote></p><p><b>A Rude Awakening</b></p><p><blockquote><b>猛然醒悟</b></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d56965a819f901d26e04fec085eed4a0\" tg-width=\"2048\" tg-height=\"1365\" referrerpolicy=\"no-referrer\"><span>Nora Samir held her GameStop shares too long and lost more than half of what she invested.Credit...David Maurice Smith for The New York Times</span></p><p><blockquote><p class=\"t-img-caption\"><span>Nora Samir持有游戏驿站股票时间过长，损失了一半以上的投资。图片来源：David Maurice Smith，《纽约时报》</span></p></blockquote></p><p>It seemed like a dream to Nora Samir.</p><p><blockquote>对诺拉·萨米尔来说，这就像一场梦。</blockquote></p><p>She woke up in the middle of the night of Jan. 27 at her home in Sydney. On the other side of the world, GameStop was soaring.</p><p><blockquote>1月27日半夜，她在悉尼的家中醒来。在地球的另一边，游戏驿站正在腾飞。</blockquote></p><p>The $735 she’d put in the day before had doubled. She raced downstairs to tell her mother, who was sleeping.</p><p><blockquote>她前一天投入的735美元已经翻了一番。她跑下楼去告诉正在睡觉的母亲。</blockquote></p><p>“Nora, don’t be greedy,” her mother warned. “You need to take it out.”</p><p><blockquote>“诺拉，不要贪心，”她妈妈警告说。“你得把它拿出来。”</blockquote></p><p>But Ms. Samir, 24, a child-health researcher at the University of New South Wales and a stock market neophyte,</p><p><blockquote>但24岁的萨米尔是新南威尔士大学的儿童健康研究员，也是股市新手，</blockquote></p><p>didn’t sell — she bought.</p><p><blockquote>没卖，她买了。</blockquote></p><p>After investing about $800 more, she owned just over nine shares of GameStop. She later plowed $1,800 into BlackBerry, the cellphone maker that once dominated mobile email and hadbeen swept up in the frenzy.</p><p><blockquote>在又投资了约800美元后，她拥有了9股多一点的游戏驿站股票。后来，她向黑莓投入了1,800美元，这家手机制造商曾经在移动电子邮件领域占据主导地位，并在狂热中被席卷。</blockquote></p><p>“I was on a high,” she admitted. “When the stock is going up, you don’t think of how low it can go.”</p><p><blockquote>“我当时很兴奋，”她承认。“当股票上涨时，你不会考虑它能跌到多低。”</blockquote></p><p>The high didn’t last long — and the fall was made worse when her trading app crashed, leaving her with little choice but to hold on while GameStop shares plunged.</p><p><blockquote>高潮并没有持续多久，当她的交易应用程序崩溃时，跌势变得更糟，让她别无选择，只能在游戏驿站股价暴跌时坚持下去。</blockquote></p><p>She managed to sell one share on the way down, for $134. The shares she still owned on Friday were worth $528. She’s lost more than half what she put into GameStop.</p><p><blockquote>她设法在下跌过程中以134美元的价格出售了一股股票。周五她仍持有的股票价值528美元。她在游戏驿站投入的资金已经损失了一半以上。</blockquote></p><p>The lesson, Ms. Samir said: “Don’t be greedy.”</p><p><blockquote>萨米尔女士的教训是：“不要贪婪。”</blockquote></p><p><b>You Only Live Once</b></p><p><blockquote><b>你只能活一次</b></blockquote></p><p>Jacob Chalfant, a high school senior from Westfield, N.J., enjoyed how his “diamond hands” were putting the squeeze on Wall Street’s hedge funds.</p><p><blockquote>来自新泽西州韦斯特菲尔德的高中生雅各布·查尔方特（Jacob Chalfant）很享受他的“钻石手”如何挤压华尔街的对冲基金。</blockquote></p><p>A poster on WallStreetBets since he was 15, Mr. Chalfant, now 18, relished the GameStop rally for the pressure it put on firms like Melvin Capital, which had bet that GameStop’s shares would fall.</p><p><blockquote>现年18岁的查尔凡特从15岁起就在WallStreetBets上发帖，他很喜欢游戏驿站的上涨，因为它给Melvin Capital等公司带来了压力，Melvin Capital曾押注游戏驿站股价将下跌。</blockquote></p><p>In the parlance of Reddit, Mr. Chalfant’s diamond-hard hands won’t fold, unlike the “paper hands” of sellers. He’s still holding the shares he bought for $1,035 — about a month’s wages from his job at a pizza shop and his freelance photography business — when GameStop was trading at $290. On Friday, his investment was worth $220.</p><p><blockquote>用Reddit的话说，Chalfant先生钻石般坚硬的手不会折叠，不像卖家的“纸手”。他仍然持有他以1,035美元购买的股票——大约是他在披萨店工作和自由摄影业务一个月的工资——当时游戏驿站的交易价格为290美元。周五，他的投资价值220美元。</blockquote></p><p>“I’ve come to terms with the fact that I’ve already lost the money,” he said. “Realistically, the stock is not going to go where it was before.”</p><p><blockquote>“我已经接受了我已经损失了钱的事实，”他说。“实际上，该股不会回到以前的水平。”</blockquote></p><p>But the losses are an investment, too, Mr. Chalfant said. They’ve earned him “internet points” on WallStreetBets. “If you’re saying, ‘I’m still holding,’ you have more clout than if you didn’t,” he said.</p><p><blockquote>但查尔方特表示，损失也是一项投资。他们在WallStreetBets上为他赢得了“互联网积分”。“如果你说‘我仍然持有’，你就比不持有更有影响力，”他说。</blockquote></p><p>(Many on the WallStreetBets forum insist that GameStop’s shares may surge again. On the other hand, another Reddit forum opened last week where users share tales of losses from trading the stock whose ticker symbol is GME: GMEbagholdersclub.)</p><p><blockquote>（WallStreetBets论坛上的许多人坚持认为游戏驿站的股价可能会再次飙升。另一方面，另一个Reddit论坛上周开放，用户在该论坛上分享了交易股票代码为GME：GMEbagholdersclub的亏损故事。）</blockquote></p><p>Mr. Chalfant said he and other teenage traders enjoy the gamification of the investing, and many of his friends had gotten in on GameStop just because they thought it was funny, not to make money.</p><p><blockquote>查尔凡特表示，他和其他青少年交易者喜欢投资的游戏化，他的许多朋友加入游戏驿站只是因为他们认为这很有趣，而不是为了赚钱。</blockquote></p><p>“We’re living in a system where there’s no such thing as justice anymore and the entire world is falling apart,” Mr. Chalfant said. “Nothing really matters, so we might as well try to have fun while we’re here.”</p><p><blockquote>“我们生活在一个不再有正义的体系中，整个世界正在分崩离析，”查尔方特先生说。“什么都不重要，所以我们还是在这里玩得开心点吧。”</blockquote></p><p><b>Collateral Damage</b></p><p><blockquote><b>附带损害</b></blockquote></p><p>Terrell Jones didn’t need to invest in GameStop to lose money off the frenzy.</p><p><blockquote>Terrell Jones不需要投资游戏驿站就能在狂热中赔钱。</blockquote></p><p>Mr. Jones, a college student from Kenosha, Wis., bought $300 in shares of AMC, the movie theater chain whose stock was also swept up in the attempt to squeeze the short sellers who profit as stocks decline.</p><p><blockquote>琼斯是威斯康星州基诺沙市的一名大学生，他以300美元的价格购买了连锁影院AMC的股票，该公司的股票也遭到了抛售，试图挤压那些在股价下跌时获利的卖空者。</blockquote></p><p>“I just got caught up in the social media hype and just dove right into it,” he said. “I fell for it.”</p><p><blockquote>“我刚刚被社交媒体的炒作所吸引，并一头扎进去，”他说。“我上当了。”</blockquote></p><p>When AMC started to fall and he had lost $112, Mr. Jones, 24, panicked.</p><p><blockquote>当AMC开始下跌，他损失了112美元时，24岁的琼斯先生惊慌失措。</blockquote></p><p>“I just had to get out of there as soon as possible,” he said. “It’s a lot of money, we’re in the middle of a pandemic and I have rent that needs to be paid.”</p><p><blockquote>“我只是必须尽快离开那里，”他说。“这是一大笔钱，我们正处于大流行之中，我有房租需要支付。”</blockquote></p><p>Mr. Jones, 24, had never invested in the stock market before. Now, though, he feels that he learned a lesson.</p><p><blockquote>24岁的琼斯先生以前从未投资过股市。不过，现在他觉得自己吸取了教训。</blockquote></p><p>“I realized pretty quick that people like me were up against those billionaires,” he said. “And at the end of the day, those people always find a way to win.”</p><p><blockquote>“我很快意识到像我这样的人面临的是那些亿万富翁，”他说。“最终，那些人总能找到获胜的方法。”</blockquote></p><p><b>Losing His Head</b></p><p><blockquote><b>失去理智</b></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1568d73f6db637748479d972e48a4b97\" tg-width=\"2048\" tg-height=\"1595\" referrerpolicy=\"no-referrer\"><span>“This is money I have already written off,” said C. Arthur Davitt, who lives in Chicago.Credit...Lyndon French for The New York Times</span></p><p><blockquote><p class=\"t-img-caption\"><span>住在芝加哥的C·阿瑟·戴维特说：“这是我已经注销的钱。”</span></p></blockquote></p><p>Ordinarily, C. Arthur Davitt is a model of financial discipline.</p><p><blockquote>通常，C.Arthur Davitt是财务纪律的典范。</blockquote></p><p>He automatically sweeps $200 a month into an index fund, saves enough to get a company match on his 401(k) and has been aggressively paying down his $35,000 in graduate school debt.</p><p><blockquote>他每月自动向指数基金存入200美元，攒够了401(k)计划的公司匹配，并一直在积极偿还35,000美元的研究生院债务。</blockquote></p><p></p><p>But Mr. Davitt, 29, thought it might be fun to get in on some of the skyrocketing stocks. He put less than $1,500 in GameStop and AMC — the GameStop portion is now down by nearly half, and his stake in AMC lost more than 20 percent.</p><p><blockquote>但29岁的戴维特先生认为，买入一些飙升的股票可能会很有趣。他在游戏驿站和AMC的投资不到1500美元——游戏驿站部分现在下降了近一半，他在AMC的股份损失了20%以上。</blockquote></p><p>“I am not a gambler by nature,” he said, “and this is money I have already written off.”</p><p><blockquote>“我天生不是赌徒，”他说，“这是我已经注销的钱。”</blockquote></p><p>Mr. Davitt, who lives in Chicago and works for a company that provides worker assistance programs for employers, figures he might as well hold on to both companies. GameStop just named several new executives, which could help inject new life into the company, he said, and AMC could see a bounce once more people start venturing out of their homes.</p><p><blockquote>戴维特先生住在芝加哥，在一家为雇主提供工人援助计划的公司工作，他认为他还不如保留这两家公司。他表示，游戏驿站刚刚任命了几位新高管，这可能有助于为公司注入新的活力，一旦更多人开始走出家门，AMC可能会出现反弹。</blockquote></p><p>“If I didn’t like GameStop or AMC,” Mr. Davitt said, “I wouldn’t be finding this as enjoyable.”</p><p><blockquote>“如果我不喜欢游戏驿站或AMC，”戴维特先生说，“我就不会觉得这很有趣。”</blockquote></p><p><b>Another on the Line</b></p><p><blockquote><b>另一个在线上</b></blockquote></p><p>By almost any measure, Mr. Daumer, the Indiana teenager, is one of the winners of the GameStop trade. He more than doubled his money, even if he didn’t score the biggest possible payday.</p><p><blockquote>几乎以任何标准衡量，印第安纳州少年道默先生都是游戏驿站交易的赢家之一。他的钱增加了一倍多，即使他没有获得最大可能的发薪日。</blockquote></p><p>“Do you fish?” he asked, searching for a way to explain the experience.</p><p><blockquote>“你钓鱼吗？”他问道，寻找一种方法来解释这段经历。</blockquote></p><p>When you’re fishing, he said, and you feel a tug on your line, it might be just a nibble or it might be a bite. If you wait to feel a stronger tug, you risk losing the fish you didn’t know you had.</p><p><blockquote>他说，当你钓鱼时，你感觉到鱼线被拉扯，可能只是轻轻一咬，也可能是一口。如果你等着感受到更强的拉力，你就有可能失去你不知道拥有的鱼。</blockquote></p><p>The peak, he said, was that kind of moment. He thought it was just a small nibble, and decided to wait.</p><p><blockquote>他说，巅峰就是这样的时刻。他认为这只是一小口，并决定等待。</blockquote></p><p>“The fish got away,” he said.</p><p><blockquote>“鱼跑了，”他说。</blockquote></p><p>But there are others out there to be hooked, he said. He’s already dabbling in shares of a penny stock, Castor Maritime, which is based in Cyprus. It’s up over 300 percent so far this year.</p><p><blockquote>但他说，还有其他人会被迷住。他已经涉足了总部位于塞浦路斯的细价股Castor Maritime的股票。今年到目前为止，它已经上涨了300%以上。</blockquote></p><p>What kind of business is the company in?</p><p><blockquote>公司是做什么生意的？</blockquote></p><p>“You know what? I wish I could tell you,” Mr. Daumer said. “I just like the numbers.”</p><p><blockquote>“你知道吗？我希望我能告诉你，”道默先生说。“我就是喜欢这些数字。”</blockquote></p><p></p>","source":"lsy1608616134662","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Hopes That Rose and Fell With GameStop<blockquote>与游戏驿站一起兴衰的希望</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Hopes That Rose and Fell With GameStop<blockquote>与游戏驿站一起兴衰的希望</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The New York Times</strong><span class=\"h-time small\">2021-02-22 17:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Fueled by amateur traders and online enthusiasm, the struggling retailer’s shares took investors on a ride like no other. For them, it ended in different ways, including apathy, defiance and regret.</p><p><blockquote>在业余交易者和在线热情的推动下，这家陷入困境的零售商的股票给投资者带来了前所未有的上涨。对他们来说，它以不同的方式结束，包括冷漠、蔑视和遗憾。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b3ae93ef5e461f7efc81eddb3dd867d2\" tg-width=\"2048\" tg-height=\"1366\" referrerpolicy=\"no-referrer\"><span>Jacob Chalfant, a high school senior from Westfield, N.J., is still holding the shares he bought for $1,035. On Friday, they were worth $220.Credit...Bryan Anselm for The New York Times</span></p><p><blockquote><p class=\"t-img-caption\"><span>来自新泽西州韦斯特菲尔德的高中毕业生雅各布·查尔方特（Jacob Chalfant）仍持有他以1035美元购买的股票。周五，它们价值220美元。归功于《纽约时报》的布莱恩·安瑟姆</span></p></blockquote></p><p>Some wanted to be on the front lines of a revolution. Some wanted to be rich. And by the end of a wild two-week ride where fortunes were made and lost, some just hoped they’d be able to pay their rent.</p><p><blockquote>有些人想站在革命的前线。有些人想变得富有。在为期两周的疯狂旅程结束时，一些人只是希望他们能够支付房租。</blockquote></p><p>Winners and losers are made every day on Wall Street. And for a while, the unlikely trading boom around the stock of the beleaguered video game retailerGameStopput the little guy on top. Breathtaking fortunes appeared overnight.</p><p><blockquote>华尔街每天都有赢家和输家。有一段时间，围绕陷入困境的视频游戏零售商GameStop的股票出现了不太可能的交易热潮，让这个小人物登上了顶峰。惊人的财富一夜之间出现了。</blockquote></p><p>But they disappeared almost as quickly.</p><p><blockquote>但他们几乎同样迅速地消失了。</blockquote></p><p>At its highest point,GameStop’s&nbsp;share price was $483. On Friday, the stock was worth $40.59. The trading frenzy — powered by online hype over a rebellion against traditional Wall Street powers — had created, and then&nbsp;destroyed, roughly $30 billion in on-paper wealth.</p><p><blockquote>最高点时，游戏驿站股价为483美元。周五，该股价值40.59美元。这场交易狂潮——由网上对反抗传统华尔街权力的炒作推动——创造并摧毁了大约300亿美元的账面财富。</blockquote></p><p>Many small-time investors who got caught up in the mania as it peaked lost big. Timing a trade perfectly is nearly impossible even for the best stock pickers, so even those who made money missed out on far greater riches if they didn’t sell at the rally’s peak.</p><p><blockquote>许多在狂热达到顶峰时陷入狂热的小投资者损失惨重。即使对于最好的选股者来说，完美地把握交易时机也几乎是不可能的，因此即使是那些赚钱的人，如果没有在反弹的顶峰卖出，也会错过更大的财富。</blockquote></p><p>Whether they set out to make a mint or make a point, these&nbsp;traders rode the GameStop wave&nbsp;up — and down.</p><p><blockquote>无论他们是为了赚钱还是为了表明自己的观点，这些交易者都在游戏驿站浪潮中上下波动。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f991998f6a7c1cae38b84edd05dacc3\" tg-width=\"820\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Shawn Daumer, 19, near his office in Crown Point, Ind. He said he sold his GameStop shares last week and walked away with more than $65,000 in profit.Credit...Evan Jenkins for The New York Times</span></p><p><blockquote><p class=\"t-img-caption\"><span>19岁的肖恩·道默(Shawn Daumer)在印第安纳州皇冠点的办公室附近。他表示，他上周出售了游戏驿站股票，并获得了超过65,000美元的利润。图片来源：Evan Jenkins，纽约时报</span></p></blockquote></p><p><b>Money on the Table</b></p><p><blockquote><b>桌上的钱</b></blockquote></p><p>What do you do when you’re 19 and suddenly holding a quarter-million dollars in stock? Shawn Daumer went to Hooters.</p><p><blockquote>当你19岁突然持有25万美元的股票时，你会怎么做？肖恩·道默去了猫头鹰餐厅。</blockquote></p><p>Armed with money partly from high school graduation gifts and winnings from trades on stocks like Tesla, Mr. Daumer had spent about $47,000on shares of GameStop the week before it went through the roof.</p><p><blockquote>道默带着部分来自高中毕业礼物和特斯拉等股票交易的奖金，在游戏驿站股价飙升前一周，他花了约47,000美元购买了该股。</blockquote></p><p>It was Jan. 26 — just two days into&nbsp;GameStop’s big week— when he and his brother hit up Hooters, scarfed down 30 wings and got 10 more to go. Two days later, GameStop hit its intraday peak of $483 and Mr. Daumer, a real estate broker in Valparaiso, Ind., was holding 1,233 shares. He was up more than a half-million dollars on his initial investment.</p><p><blockquote>那是1月26日——就在游戏驿站重要一周的两天——他和他的兄弟去了猫头鹰餐厅，狼吞虎咽地吃了30个鸡翅，还剩下10个。两天后，游戏驿站触及483美元的盘中高点，印第安纳州Valparaiso的房地产经纪人Daumer先生持有1233股。他的初始投资增加了50多万美元。</blockquote></p><p>Mr. Daumer traced his interest in GameStop to the same place many others did: Reddit’s WallStreetBets forum, where armchair traders gather for raunchy jokes, tales of success and even to brag about enormous losses.</p><p><blockquote>道默先生将他对游戏驿站的兴趣追溯到许多其他人所做的同一个地方：Reddit的WallStreetBets论坛，纸上谈兵的交易者聚集在这里，分享淫秽笑话、成功故事，甚至吹嘘巨大的损失。</blockquote></p><p><b>Understand What Happened With GameStop</b></p><p><blockquote><b>了解游戏驿站发生了什么</b></blockquote></p><p><ul><li>Shares in GameStop, the video retailer,have crashed&nbsp;from their January highs, which were driven by memes on social media.</li><li>Amateur traders&nbsp;egging on one another on Redditbet heavily on shares of the company&nbsp;in January, sending the price up more than 1,700 percent at one point.</li><li>The wave was in part aimed athurting large hedge funds&nbsp;that had been&nbsp;short selling&nbsp;— betting against —&nbsp;GameStop stock. Some of those fundsexperienced huge losses&nbsp;as a result.</li><li>But many of the individual investors who pumped up the stock could lose huge amounts of money, too. Somebelieve the price will go back up&nbsp;and are refusing to sell, even as the share price has collapsed.</li><li>Now, regulators are looking into&nbsp;how the rally started&nbsp;and whethernew rules&nbsp;should be created because of it.</li></ul>“Really the biggest part is once you see everybody buying shares day after day, and seeing it live on your own screen, and watching it go up,” Mr. Daumer said in the midst of GameStop’s surge. “It’s follow the trend, you know? If that’s the trend, follow it and it makes you money.”</p><p><blockquote><ul><li>在社交媒体上的表情包推动下，视频零售商游戏驿站的股价已从一月份的高点暴跌。</li><li>1月份，业余交易者在Redditbet上互相怂恿，大量买入该公司股票，导致股价一度上涨超过1700%。</li><li>这波浪潮的部分目的是打击一直在卖空（做空）游戏驿站股票的大型对冲基金。其中一些基金因此遭受了巨大损失。</li><li>但许多推高该股的个人投资者也可能损失巨额资金。有些人相信价格会回升，并拒绝出售，即使股价已经暴跌。</li><li>现在，监管机构正在调查反弹是如何开始的，以及是否应该因此制定新规则。</li></ul>“实际上，最重要的部分是一旦你看到每个人日复一日地购买股票，并在你自己的屏幕上看到它的直播，并看着它上涨，”道默先生在游戏驿站的飙升中说道。“这就是跟随趋势，你知道吗？如果这是趋势，跟随它，它会让你赚钱。”</blockquote></p><p>But GameStop’s stock abruptly turned down when the trading app Robinhood and other brokerage firms announced a slew of restrictions on the trading of a handful of stocks that had been spiking. Mr. Daumer had about $200,000 in potential profits evaporate almost immediately.</p><p><blockquote>但当交易应用程序Robinhood和其他经纪公司宣布对少数飙升股票的交易实施一系列限制时，游戏驿站的股价突然下跌。道默先生大约20万美元的潜在利润几乎立即蒸发。</blockquote></p><p>“I’m still up 500 percent,” he said at the time. “I’m OK.” Besides, Mr. Daumer and his fellow Redditors believed GameStop would soar once more: “We’re going to $1,000,” he said.</p><p><blockquote>“我仍然上涨了500%，”他当时说道。“我没事。”此外，Daumer先生和他的Reddit用户同事相信游戏驿站将再次飙升：“我们将达到1,000美元，”他说。</blockquote></p><p>They never came close.</p><p><blockquote>他们从未接近过。</blockquote></p><p>Last week,as the stock plunged&nbsp;72 percent in two days, he’d had enough. Mr. Daumer put in an order to sell on Tuesday afternoon, and the order was filled Wednesday morning at a price of $91.22.</p><p><blockquote>上周，当该股在两天内暴跌72%时，他已经受够了。Daumer先生在周二下午下了卖出订单，该订单于周三上午以91.22美元的价格被执行。</blockquote></p><p>He walked away with more than $65,000 in profit, more than doubling his investment.</p><p><blockquote>他带走了超过65,000美元的利润，是他投资的两倍多。</blockquote></p><p></p><p>Not everyone was so lucky.</p><p><blockquote>不是每个人都这么幸运。</blockquote></p><p><b>A Rude Awakening</b></p><p><blockquote><b>猛然醒悟</b></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d56965a819f901d26e04fec085eed4a0\" tg-width=\"2048\" tg-height=\"1365\" referrerpolicy=\"no-referrer\"><span>Nora Samir held her GameStop shares too long and lost more than half of what she invested.Credit...David Maurice Smith for The New York Times</span></p><p><blockquote><p class=\"t-img-caption\"><span>Nora Samir持有游戏驿站股票时间过长，损失了一半以上的投资。图片来源：David Maurice Smith，《纽约时报》</span></p></blockquote></p><p>It seemed like a dream to Nora Samir.</p><p><blockquote>对诺拉·萨米尔来说，这就像一场梦。</blockquote></p><p>She woke up in the middle of the night of Jan. 27 at her home in Sydney. On the other side of the world, GameStop was soaring.</p><p><blockquote>1月27日半夜，她在悉尼的家中醒来。在地球的另一边，游戏驿站正在腾飞。</blockquote></p><p>The $735 she’d put in the day before had doubled. She raced downstairs to tell her mother, who was sleeping.</p><p><blockquote>她前一天投入的735美元已经翻了一番。她跑下楼去告诉正在睡觉的母亲。</blockquote></p><p>“Nora, don’t be greedy,” her mother warned. “You need to take it out.”</p><p><blockquote>“诺拉，不要贪心，”她妈妈警告说。“你得把它拿出来。”</blockquote></p><p>But Ms. Samir, 24, a child-health researcher at the University of New South Wales and a stock market neophyte,</p><p><blockquote>但24岁的萨米尔是新南威尔士大学的儿童健康研究员，也是股市新手，</blockquote></p><p>didn’t sell — she bought.</p><p><blockquote>没卖，她买了。</blockquote></p><p>After investing about $800 more, she owned just over nine shares of GameStop. She later plowed $1,800 into BlackBerry, the cellphone maker that once dominated mobile email and hadbeen swept up in the frenzy.</p><p><blockquote>在又投资了约800美元后，她拥有了9股多一点的游戏驿站股票。后来，她向黑莓投入了1,800美元，这家手机制造商曾经在移动电子邮件领域占据主导地位，并在狂热中被席卷。</blockquote></p><p>“I was on a high,” she admitted. “When the stock is going up, you don’t think of how low it can go.”</p><p><blockquote>“我当时很兴奋，”她承认。“当股票上涨时，你不会考虑它能跌到多低。”</blockquote></p><p>The high didn’t last long — and the fall was made worse when her trading app crashed, leaving her with little choice but to hold on while GameStop shares plunged.</p><p><blockquote>高潮并没有持续多久，当她的交易应用程序崩溃时，跌势变得更糟，让她别无选择，只能在游戏驿站股价暴跌时坚持下去。</blockquote></p><p>She managed to sell one share on the way down, for $134. The shares she still owned on Friday were worth $528. She’s lost more than half what she put into GameStop.</p><p><blockquote>她设法在下跌过程中以134美元的价格出售了一股股票。周五她仍持有的股票价值528美元。她在游戏驿站投入的资金已经损失了一半以上。</blockquote></p><p>The lesson, Ms. Samir said: “Don’t be greedy.”</p><p><blockquote>萨米尔女士的教训是：“不要贪婪。”</blockquote></p><p><b>You Only Live Once</b></p><p><blockquote><b>你只能活一次</b></blockquote></p><p>Jacob Chalfant, a high school senior from Westfield, N.J., enjoyed how his “diamond hands” were putting the squeeze on Wall Street’s hedge funds.</p><p><blockquote>来自新泽西州韦斯特菲尔德的高中生雅各布·查尔方特（Jacob Chalfant）很享受他的“钻石手”如何挤压华尔街的对冲基金。</blockquote></p><p>A poster on WallStreetBets since he was 15, Mr. Chalfant, now 18, relished the GameStop rally for the pressure it put on firms like Melvin Capital, which had bet that GameStop’s shares would fall.</p><p><blockquote>现年18岁的查尔凡特从15岁起就在WallStreetBets上发帖，他很喜欢游戏驿站的上涨，因为它给Melvin Capital等公司带来了压力，Melvin Capital曾押注游戏驿站股价将下跌。</blockquote></p><p>In the parlance of Reddit, Mr. Chalfant’s diamond-hard hands won’t fold, unlike the “paper hands” of sellers. He’s still holding the shares he bought for $1,035 — about a month’s wages from his job at a pizza shop and his freelance photography business — when GameStop was trading at $290. On Friday, his investment was worth $220.</p><p><blockquote>用Reddit的话说，Chalfant先生钻石般坚硬的手不会折叠，不像卖家的“纸手”。他仍然持有他以1,035美元购买的股票——大约是他在披萨店工作和自由摄影业务一个月的工资——当时游戏驿站的交易价格为290美元。周五，他的投资价值220美元。</blockquote></p><p>“I’ve come to terms with the fact that I’ve already lost the money,” he said. “Realistically, the stock is not going to go where it was before.”</p><p><blockquote>“我已经接受了我已经损失了钱的事实，”他说。“实际上，该股不会回到以前的水平。”</blockquote></p><p>But the losses are an investment, too, Mr. Chalfant said. They’ve earned him “internet points” on WallStreetBets. “If you’re saying, ‘I’m still holding,’ you have more clout than if you didn’t,” he said.</p><p><blockquote>但查尔方特表示，损失也是一项投资。他们在WallStreetBets上为他赢得了“互联网积分”。“如果你说‘我仍然持有’，你就比不持有更有影响力，”他说。</blockquote></p><p>(Many on the WallStreetBets forum insist that GameStop’s shares may surge again. On the other hand, another Reddit forum opened last week where users share tales of losses from trading the stock whose ticker symbol is GME: GMEbagholdersclub.)</p><p><blockquote>（WallStreetBets论坛上的许多人坚持认为游戏驿站的股价可能会再次飙升。另一方面，另一个Reddit论坛上周开放，用户在该论坛上分享了交易股票代码为GME：GMEbagholdersclub的亏损故事。）</blockquote></p><p>Mr. Chalfant said he and other teenage traders enjoy the gamification of the investing, and many of his friends had gotten in on GameStop just because they thought it was funny, not to make money.</p><p><blockquote>查尔凡特表示，他和其他青少年交易者喜欢投资的游戏化，他的许多朋友加入游戏驿站只是因为他们认为这很有趣，而不是为了赚钱。</blockquote></p><p>“We’re living in a system where there’s no such thing as justice anymore and the entire world is falling apart,” Mr. Chalfant said. “Nothing really matters, so we might as well try to have fun while we’re here.”</p><p><blockquote>“我们生活在一个不再有正义的体系中，整个世界正在分崩离析，”查尔方特先生说。“什么都不重要，所以我们还是在这里玩得开心点吧。”</blockquote></p><p><b>Collateral Damage</b></p><p><blockquote><b>附带损害</b></blockquote></p><p>Terrell Jones didn’t need to invest in GameStop to lose money off the frenzy.</p><p><blockquote>Terrell Jones不需要投资游戏驿站就能在狂热中赔钱。</blockquote></p><p>Mr. Jones, a college student from Kenosha, Wis., bought $300 in shares of AMC, the movie theater chain whose stock was also swept up in the attempt to squeeze the short sellers who profit as stocks decline.</p><p><blockquote>琼斯是威斯康星州基诺沙市的一名大学生，他以300美元的价格购买了连锁影院AMC的股票，该公司的股票也遭到了抛售，试图挤压那些在股价下跌时获利的卖空者。</blockquote></p><p>“I just got caught up in the social media hype and just dove right into it,” he said. “I fell for it.”</p><p><blockquote>“我刚刚被社交媒体的炒作所吸引，并一头扎进去，”他说。“我上当了。”</blockquote></p><p>When AMC started to fall and he had lost $112, Mr. Jones, 24, panicked.</p><p><blockquote>当AMC开始下跌，他损失了112美元时，24岁的琼斯先生惊慌失措。</blockquote></p><p>“I just had to get out of there as soon as possible,” he said. “It’s a lot of money, we’re in the middle of a pandemic and I have rent that needs to be paid.”</p><p><blockquote>“我只是必须尽快离开那里，”他说。“这是一大笔钱，我们正处于大流行之中，我有房租需要支付。”</blockquote></p><p>Mr. Jones, 24, had never invested in the stock market before. Now, though, he feels that he learned a lesson.</p><p><blockquote>24岁的琼斯先生以前从未投资过股市。不过，现在他觉得自己吸取了教训。</blockquote></p><p>“I realized pretty quick that people like me were up against those billionaires,” he said. “And at the end of the day, those people always find a way to win.”</p><p><blockquote>“我很快意识到像我这样的人面临的是那些亿万富翁，”他说。“最终，那些人总能找到获胜的方法。”</blockquote></p><p><b>Losing His Head</b></p><p><blockquote><b>失去理智</b></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1568d73f6db637748479d972e48a4b97\" tg-width=\"2048\" tg-height=\"1595\" referrerpolicy=\"no-referrer\"><span>“This is money I have already written off,” said C. Arthur Davitt, who lives in Chicago.Credit...Lyndon French for The New York Times</span></p><p><blockquote><p class=\"t-img-caption\"><span>住在芝加哥的C·阿瑟·戴维特说：“这是我已经注销的钱。”</span></p></blockquote></p><p>Ordinarily, C. Arthur Davitt is a model of financial discipline.</p><p><blockquote>通常，C.Arthur Davitt是财务纪律的典范。</blockquote></p><p>He automatically sweeps $200 a month into an index fund, saves enough to get a company match on his 401(k) and has been aggressively paying down his $35,000 in graduate school debt.</p><p><blockquote>他每月自动向指数基金存入200美元，攒够了401(k)计划的公司匹配，并一直在积极偿还35,000美元的研究生院债务。</blockquote></p><p></p><p>But Mr. Davitt, 29, thought it might be fun to get in on some of the skyrocketing stocks. He put less than $1,500 in GameStop and AMC — the GameStop portion is now down by nearly half, and his stake in AMC lost more than 20 percent.</p><p><blockquote>但29岁的戴维特先生认为，买入一些飙升的股票可能会很有趣。他在游戏驿站和AMC的投资不到1500美元——游戏驿站部分现在下降了近一半，他在AMC的股份损失了20%以上。</blockquote></p><p>“I am not a gambler by nature,” he said, “and this is money I have already written off.”</p><p><blockquote>“我天生不是赌徒，”他说，“这是我已经注销的钱。”</blockquote></p><p>Mr. Davitt, who lives in Chicago and works for a company that provides worker assistance programs for employers, figures he might as well hold on to both companies. GameStop just named several new executives, which could help inject new life into the company, he said, and AMC could see a bounce once more people start venturing out of their homes.</p><p><blockquote>戴维特先生住在芝加哥，在一家为雇主提供工人援助计划的公司工作，他认为他还不如保留这两家公司。他表示，游戏驿站刚刚任命了几位新高管，这可能有助于为公司注入新的活力，一旦更多人开始走出家门，AMC可能会出现反弹。</blockquote></p><p>“If I didn’t like GameStop or AMC,” Mr. Davitt said, “I wouldn’t be finding this as enjoyable.”</p><p><blockquote>“如果我不喜欢游戏驿站或AMC，”戴维特先生说，“我就不会觉得这很有趣。”</blockquote></p><p><b>Another on the Line</b></p><p><blockquote><b>另一个在线上</b></blockquote></p><p>By almost any measure, Mr. Daumer, the Indiana teenager, is one of the winners of the GameStop trade. He more than doubled his money, even if he didn’t score the biggest possible payday.</p><p><blockquote>几乎以任何标准衡量，印第安纳州少年道默先生都是游戏驿站交易的赢家之一。他的钱增加了一倍多，即使他没有获得最大可能的发薪日。</blockquote></p><p>“Do you fish?” he asked, searching for a way to explain the experience.</p><p><blockquote>“你钓鱼吗？”他问道，寻找一种方法来解释这段经历。</blockquote></p><p>When you’re fishing, he said, and you feel a tug on your line, it might be just a nibble or it might be a bite. If you wait to feel a stronger tug, you risk losing the fish you didn’t know you had.</p><p><blockquote>他说，当你钓鱼时，你感觉到鱼线被拉扯，可能只是轻轻一咬，也可能是一口。如果你等着感受到更强的拉力，你就有可能失去你不知道拥有的鱼。</blockquote></p><p>The peak, he said, was that kind of moment. He thought it was just a small nibble, and decided to wait.</p><p><blockquote>他说，巅峰就是这样的时刻。他认为这只是一小口，并决定等待。</blockquote></p><p>“The fish got away,” he said.</p><p><blockquote>“鱼跑了，”他说。</blockquote></p><p>But there are others out there to be hooked, he said. He’s already dabbling in shares of a penny stock, Castor Maritime, which is based in Cyprus. It’s up over 300 percent so far this year.</p><p><blockquote>但他说，还有其他人会被迷住。他已经涉足了总部位于塞浦路斯的细价股Castor Maritime的股票。今年到目前为止，它已经上涨了300%以上。</blockquote></p><p>What kind of business is the company in?</p><p><blockquote>公司是做什么生意的？</blockquote></p><p>“You know what? I wish I could tell you,” Mr. Daumer said. “I just like the numbers.”</p><p><blockquote>“你知道吗？我希望我能告诉你，”道默先生说。“我就是喜欢这些数字。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.nytimes.com/2021/02/07/business/gamestop-stock-losses.html\">The New York Times</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://www.nytimes.com/2021/02/07/business/gamestop-stock-losses.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152031988","content_text":"Fueled by amateur traders and online enthusiasm, the struggling retailer’s shares took investors on a ride like no other. For them, it ended in different ways, including apathy, defiance and regret.Jacob Chalfant, a high school senior from Westfield, N.J., is still holding the shares he bought for $1,035. On Friday, they were worth $220.Credit...Bryan Anselm for The New York TimesSome wanted to be on the front lines of a revolution. Some wanted to be rich. And by the end of a wild two-week ride where fortunes were made and lost, some just hoped they’d be able to pay their rent.Winners and losers are made every day on Wall Street. And for a while, the unlikely trading boom around the stock of the beleaguered video game retailerGameStopput the little guy on top. Breathtaking fortunes appeared overnight.But they disappeared almost as quickly.At its highest point,GameStop’s share price was $483. On Friday, the stock was worth $40.59. The trading frenzy — powered by online hype over a rebellion against traditional Wall Street powers — had created, and then destroyed, roughly $30 billion in on-paper wealth.Many small-time investors who got caught up in the mania as it peaked lost big. Timing a trade perfectly is nearly impossible even for the best stock pickers, so even those who made money missed out on far greater riches if they didn’t sell at the rally’s peak.Whether they set out to make a mint or make a point, these traders rode the GameStop wave up — and down.Shawn Daumer, 19, near his office in Crown Point, Ind. He said he sold his GameStop shares last week and walked away with more than $65,000 in profit.Credit...Evan Jenkins for The New York TimesMoney on the TableWhat do you do when you’re 19 and suddenly holding a quarter-million dollars in stock? Shawn Daumer went to Hooters.Armed with money partly from high school graduation gifts and winnings from trades on stocks like Tesla, Mr. Daumer had spent about $47,000on shares of GameStop the week before it went through the roof.It was Jan. 26 — just two days into GameStop’s big week— when he and his brother hit up Hooters, scarfed down 30 wings and got 10 more to go. Two days later, GameStop hit its intraday peak of $483 and Mr. Daumer, a real estate broker in Valparaiso, Ind., was holding 1,233 shares. He was up more than a half-million dollars on his initial investment.Mr. Daumer traced his interest in GameStop to the same place many others did: Reddit’s WallStreetBets forum, where armchair traders gather for raunchy jokes, tales of success and even to brag about enormous losses.Understand What Happened With GameStopShares in GameStop, the video retailer,have crashed from their January highs, which were driven by memes on social media.Amateur traders egging on one another on Redditbet heavily on shares of the company in January, sending the price up more than 1,700 percent at one point.The wave was in part aimed athurting large hedge funds that had been short selling — betting against — GameStop stock. Some of those fundsexperienced huge losses as a result.But many of the individual investors who pumped up the stock could lose huge amounts of money, too. Somebelieve the price will go back up and are refusing to sell, even as the share price has collapsed.Now, regulators are looking into how the rally started and whethernew rules should be created because of it.“Really the biggest part is once you see everybody buying shares day after day, and seeing it live on your own screen, and watching it go up,” Mr. Daumer said in the midst of GameStop’s surge. “It’s follow the trend, you know? If that’s the trend, follow it and it makes you money.”But GameStop’s stock abruptly turned down when the trading app Robinhood and other brokerage firms announced a slew of restrictions on the trading of a handful of stocks that had been spiking. Mr. Daumer had about $200,000 in potential profits evaporate almost immediately.“I’m still up 500 percent,” he said at the time. “I’m OK.” Besides, Mr. Daumer and his fellow Redditors believed GameStop would soar once more: “We’re going to $1,000,” he said.They never came close.Last week,as the stock plunged 72 percent in two days, he’d had enough. Mr. Daumer put in an order to sell on Tuesday afternoon, and the order was filled Wednesday morning at a price of $91.22.He walked away with more than $65,000 in profit, more than doubling his investment.Not everyone was so lucky.A Rude AwakeningNora Samir held her GameStop shares too long and lost more than half of what she invested.Credit...David Maurice Smith for The New York TimesIt seemed like a dream to Nora Samir.She woke up in the middle of the night of Jan. 27 at her home in Sydney. On the other side of the world, GameStop was soaring.The $735 she’d put in the day before had doubled. She raced downstairs to tell her mother, who was sleeping.“Nora, don’t be greedy,” her mother warned. “You need to take it out.”But Ms. Samir, 24, a child-health researcher at the University of New South Wales and a stock market neophyte,didn’t sell — she bought.After investing about $800 more, she owned just over nine shares of GameStop. She later plowed $1,800 into BlackBerry, the cellphone maker that once dominated mobile email and hadbeen swept up in the frenzy.“I was on a high,” she admitted. “When the stock is going up, you don’t think of how low it can go.”The high didn’t last long — and the fall was made worse when her trading app crashed, leaving her with little choice but to hold on while GameStop shares plunged.She managed to sell one share on the way down, for $134. The shares she still owned on Friday were worth $528. She’s lost more than half what she put into GameStop.The lesson, Ms. Samir said: “Don’t be greedy.”You Only Live OnceJacob Chalfant, a high school senior from Westfield, N.J., enjoyed how his “diamond hands” were putting the squeeze on Wall Street’s hedge funds.A poster on WallStreetBets since he was 15, Mr. Chalfant, now 18, relished the GameStop rally for the pressure it put on firms like Melvin Capital, which had bet that GameStop’s shares would fall.In the parlance of Reddit, Mr. Chalfant’s diamond-hard hands won’t fold, unlike the “paper hands” of sellers. He’s still holding the shares he bought for $1,035 — about a month’s wages from his job at a pizza shop and his freelance photography business — when GameStop was trading at $290. On Friday, his investment was worth $220.“I’ve come to terms with the fact that I’ve already lost the money,” he said. “Realistically, the stock is not going to go where it was before.”But the losses are an investment, too, Mr. Chalfant said. They’ve earned him “internet points” on WallStreetBets. “If you’re saying, ‘I’m still holding,’ you have more clout than if you didn’t,” he said.(Many on the WallStreetBets forum insist that GameStop’s shares may surge again. On the other hand, another Reddit forum opened last week where users share tales of losses from trading the stock whose ticker symbol is GME: GMEbagholdersclub.)Mr. Chalfant said he and other teenage traders enjoy the gamification of the investing, and many of his friends had gotten in on GameStop just because they thought it was funny, not to make money.“We’re living in a system where there’s no such thing as justice anymore and the entire world is falling apart,” Mr. Chalfant said. “Nothing really matters, so we might as well try to have fun while we’re here.”Collateral DamageTerrell Jones didn’t need to invest in GameStop to lose money off the frenzy.Mr. Jones, a college student from Kenosha, Wis., bought $300 in shares of AMC, the movie theater chain whose stock was also swept up in the attempt to squeeze the short sellers who profit as stocks decline.“I just got caught up in the social media hype and just dove right into it,” he said. “I fell for it.”When AMC started to fall and he had lost $112, Mr. Jones, 24, panicked.“I just had to get out of there as soon as possible,” he said. “It’s a lot of money, we’re in the middle of a pandemic and I have rent that needs to be paid.”Mr. Jones, 24, had never invested in the stock market before. Now, though, he feels that he learned a lesson.“I realized pretty quick that people like me were up against those billionaires,” he said. “And at the end of the day, those people always find a way to win.”Losing His Head“This is money I have already written off,” said C. Arthur Davitt, who lives in Chicago.Credit...Lyndon French for The New York TimesOrdinarily, C. Arthur Davitt is a model of financial discipline.He automatically sweeps $200 a month into an index fund, saves enough to get a company match on his 401(k) and has been aggressively paying down his $35,000 in graduate school debt.But Mr. Davitt, 29, thought it might be fun to get in on some of the skyrocketing stocks. He put less than $1,500 in GameStop and AMC — the GameStop portion is now down by nearly half, and his stake in AMC lost more than 20 percent.“I am not a gambler by nature,” he said, “and this is money I have already written off.”Mr. Davitt, who lives in Chicago and works for a company that provides worker assistance programs for employers, figures he might as well hold on to both companies. GameStop just named several new executives, which could help inject new life into the company, he said, and AMC could see a bounce once more people start venturing out of their homes.“If I didn’t like GameStop or AMC,” Mr. Davitt said, “I wouldn’t be finding this as enjoyable.”Another on the LineBy almost any measure, Mr. Daumer, the Indiana teenager, is one of the winners of the GameStop trade. He more than doubled his money, even if he didn’t score the biggest possible payday.“Do you fish?” he asked, searching for a way to explain the experience.When you’re fishing, he said, and you feel a tug on your line, it might be just a nibble or it might be a bite. If you wait to feel a stronger tug, you risk losing the fish you didn’t know you had.The peak, he said, was that kind of moment. He thought it was just a small nibble, and decided to wait.“The fish got away,” he said.But there are others out there to be hooked, he said. He’s already dabbling in shares of a penny stock, Castor Maritime, which is based in Cyprus. It’s up over 300 percent so far this year.What kind of business is the company in?“You know what? I wish I could tell you,” Mr. Daumer said. “I just like the numbers.”","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":363,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360209814,"gmtCreate":1613916203538,"gmtModify":1634551868825,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"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":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/360209814","repostId":"1194607255","repostType":4,"isVote":1,"tweetType":1,"viewCount":346,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360209368,"gmtCreate":1613916147654,"gmtModify":1634551868946,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Ok let’s go","listText":"Ok let’s go","text":"Ok let’s go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/360209368","repostId":"1161529893","repostType":4,"repost":{"id":"1161529893","kind":"news","pubTimestamp":1613733842,"share":"https://www.laohu8.com/m/news/1161529893?lang=zh_CN&edition=full","pubTime":"2021-02-19 19:24","market":"us","language":"en","title":"Goldman Sachs is joining the robo-investing party — should you?<blockquote>高盛正在加入机器人投资行列——你应该加入吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1161529893","media":"Marketwatch","summary":"‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by so","content":"<p>  ‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.  Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.</p><p><blockquote>加州圣地亚哥的财务顾问万斯·巴斯说，就像在拉斯维加斯一样，众议院通常会获胜。他经营着一家名为Your Dedicated Fiduciary的公司。机器人投资在几乎每个经纪平台上都变得越来越普遍。直到周二，高盛GS(-0.91%)将其机器人咨询服务Marcus限制为至少有1000万美元可投资的人。</blockquote></p><p> Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by some of Goldman Sachs’ wealthiest clients for a 0.35% annual advisory fee. But investing experts say there are more costs to consider before jumping on the robo-investing train.</p><p><blockquote>现在，任何拥有至少1,000美元可投资的人都可以使用高盛一些最富有的客户使用的相同交易算法，每年只需支付0.35%的咨询费。但投资专家表示，在跳上机器人投资列车之前，需要考虑更多成本。</blockquote></p><p> “Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.</p><p><blockquote>“就像在拉斯维加斯一样，众议院通常会获胜，”加利福尼亚州圣地亚哥的财务顾问万斯·巴斯(Vance Barse)说，他经营着一家名为Your Dedicated Fiduciary的公司。</blockquote></p><p> Although the 35 basis-point price tag is a “loss leader” to Goldman Sachs, he said companies typically make such offers in order to attract clients to cross-sell them banking products.</p><p><blockquote>尽管35个基点的价格标签对高盛来说是一个“亏损领头羊”，但他表示，公司通常会提出这样的报价，以吸引客户向他们交叉销售银行产品。</blockquote></p><p> “People forget that banks are ultimately in the business of making money,” he said.</p><p><blockquote>“人们忘记了银行最终是为了赚钱，”他说。</blockquote></p><p> Goldman Sachs declined to comment.</p><p><blockquote>高盛拒绝置评。</blockquote></p><p> The company is among other major financial-services firms offering digital advisers, including Vanguard, Fidelity and Schwab SCHW, +1.03% and startups such as Betterment and Wealthfront.</p><p><blockquote>该公司是其他提供数字顾问的主要金融服务公司之一，包括Vanguard、Fidelity和Schwab SCHW，+1.03%，以及Betterment和Wealthfront等初创公司。</blockquote></p><p> Fees for robo advisers can start at around 0.25%, and increase to 1% and above for traditional brokers. A survey of nearly 1,000 financial planners by Inside Information, a trade publication, found that the bigger the portfolio, the lower the percentage clients paid in fees.</p><p><blockquote>机器人顾问的费用从0.25%左右开始，传统经纪商的费用会增加到1%及以上。行业出版物Inside Information对近1,000名理财规划师进行的一项调查发现，投资组合越大，客户支付的费用比例就越低。</blockquote></p><p> The median annual charge hovered at around 1% for portfolios of $1 million or less, and 0.5% for portfolios worth $5 million to $10 million.</p><p><blockquote>对于100万美元或以下的投资组合，年费中位数徘徊在1%左右，对于价值500万至1000万美元的投资组合，年费中位数徘徊在0.5%左右。</blockquote></p><p> Robo advisers like those on offer from Goldman Sachs and Betterment differ from robo platforms like Robinhood. The former suggest portfolios focused on exchange-traded funds, while Robinhood allows users to invest in individual ETFs, stocks, options and even cryptocurrencies.</p><p><blockquote>高盛和Betterment提供的机器人顾问与Robinhood等机器人平台不同。前者建议投资组合专注于交易所交易基金，而Robinhood允许用户投资个人ETF、股票、期权甚至加密货币。</blockquote></p><p> <b>Robo investing as a self-driving car</b></p><p><blockquote><b>机器人投资作为自动驾驶汽车</b></blockquote></p><p> Consumers have turned to robo-investing at unprecedented levels during the pandemic.</p><p><blockquote>在疫情期间，消费者以前所未有的水平转向机器人投资。</blockquote></p><p> The rate of new accounts opened jumped between 50% and 300% during the first quarter of 2020 compared to the fourth quarter of last year, according to a May report published by research and advisory firm Aite Group.</p><p><blockquote>根据研究和咨询公司艾特集团5月份发布的一份报告，与去年第四季度相比，2020年第一季度的新开户率跃升了50%至300%。</blockquote></p><p> So what is rob-investing? Think of it like a self-driving car.</p><p><blockquote>那么什么是rob投资呢？把它想象成一辆自动驾驶汽车。</blockquote></p><p> You put in your destination, buckle up in the backseat and your driver (robo adviser) will get there. You, the passenger, can’t easily slam the breaks if you fear your driver is leading you in the wrong direction. Nor can you put your foot on the gas pedal if you’re in a rush and want to get to your destination faster.</p><p><blockquote>你输入你的目的地，在后座系好安全带，你的司机（机器人顾问）就会到达那里。作为乘客，如果你担心你的司机把你引向错误的方向，你就不能轻易刹车。如果您赶时间并想更快地到达目的地，也不能踩油门。</blockquote></p><p> Robo-investing platforms use advanced-trading algorithm software to design investment portfolios based on factors such as an individual’s appetite for risk-taking and desired short-term and long-term returns.</p><p><blockquote>机器人投资平台使用先进的交易算法软件，根据个人的风险偏好以及期望的短期和长期回报等因素来设计投资组合。</blockquote></p><p> There are over 200 platforms that provide these services charging typically no more than a 0.5% annual advisory fee, compared to the 1% annual fee human investment advisors charge.</p><p><blockquote>有200多个平台提供这些服务，每年收取的咨询费通常不超过0.5%，而人力投资顾问收取的年费为1%。</blockquote></p><p> And rather than investing entirely on your own, which can become a second job and lead to emotional investment decisions, robo advisers handle buying and selling assets.</p><p><blockquote>机器人顾问处理资产的买卖，而不是完全自己投资，这可能成为第二份工作并导致情绪化的投资决策。</blockquote></p><p> Cynthia Loh, Schwab vice president of Digital Advice and Innovation, disagrees, and argues that robo investing doesn’t mean giving technology control of your money. Schwab, she said, has a team of investment experts who oversee investment strategy and keep watch during periods of market volatility, although some services have more input from humans than others.</p><p><blockquote>嘉信理财数字咨询和创新副总裁辛西娅·洛(Cynthia Loh)不同意这种观点，她认为机器人投资并不意味着让技术控制你的资金。她说，嘉信理财拥有一支投资专家团队，负责监督投资策略并在市场波动期间进行监控，尽管有些服务比其他服务有更多的人工输入。</blockquote></p><p> As she recently wrote on MarketWatch: “One common misconception about automated investing is that choosing a robo adviser essentially means handing control of your money over to robots. The truth is that robo solutions have a combination of automated and human components running things behind the scenes.”</p><p><blockquote>正如她最近在MarketWatch上所写：“关于自动化投资的一个常见误解是，选择机器人顾问本质上意味着将资金的控制权交给机器人。事实是，机器人解决方案结合了自动化和人工组件，在幕后运行事物。”</blockquote></p><p> <b>Robos appeal to inexperienced investors</b></p><p><blockquote><b>机器人吸引缺乏经验的投资者</b></blockquote></p><p> Robo investing tends to appeal to inexperienced investors or ones who don’t have the time or energy to manage their own portfolios. These investors can take comfort in the “set it and forget it approach to investing and overtime let the markets do their thing,” Barse said.</p><p><blockquote>机器人投资往往吸引缺乏经验的投资者或没有时间或精力管理自己投资组合的投资者。巴尔斯说，这些投资者可以对“一劳永逸”的投资方法感到放心，随着时间的推移，让市场做自己的事情”。</blockquote></p><p> That makes it much easier to stomach market volatility knowing that you don’t necessarily have to make spur-of-the-moment decisions to buy or sell assets, said Tiffany Lam-Balfour, an investing and retirement specialist at NerdWallet.</p><p><blockquote>NerdWallet的投资和退休专家蒂芙尼·拉姆-贝尔福(Tiffany Lam-Balfour)表示，这使得你更容易承受市场波动，因为你不一定必须做出购买或出售资产的冲动决定。</blockquote></p><p> “When you’re investing, you don’t want to keep looking at the market and going ‘Oh I need to get out of this,’” she said. “You want to leave it to the professionals to get you through it because they know what your time horizon is, and they’ll adjust your portfolio automatically for you.”</p><p><blockquote>“当你投资时，你不会想一直关注市场并说‘哦，我需要摆脱困境’，”她说。“你想让专业人士来帮你度过难关，因为他们知道你的时间范围，他们会自动为你调整你的投资组合。”</blockquote></p><p></p><p> That said, “you can’t just expect your investments will only go up. Even if you had the world’s best human financial adviser you can’t expect that.”</p><p><blockquote>也就是说，“你不能指望你的投资只会上涨。即使你有世界上最好的人类财务顾问，你也不能指望这一点。”</blockquote></p><p> Others disagree, and say robo advisers appeal to older investors. “Planning for and paying yourself in retirement is complex. There are many options out there to help investors through it, and robo investing is one of them,” Loh said.</p><p><blockquote>其他人不同意，并表示机器人顾问对老年投资者有吸引力。“退休后的规划和支付费用很复杂。有很多选择可以帮助投资者度过难关，机器人投资就是其中之一，”Loh说。</blockquote></p><p> “Many thoughtful, long-term investors have discovered that they want a more modern, streamlined, and inexpensive way to invest, and robo investing fits the bill. They are happy to let technology handle the mundane activities that are harder and more time-consuming for investors to do themselves,” she added.</p><p><blockquote>“许多深思熟虑的长期投资者发现，他们想要一种更现代、更简化、更便宜的投资方式，而机器人投资正好符合这一要求。他们很乐意让技术来处理更困难、更耗时的日常活动。投资者自己做，”她补充道。</blockquote></p><p> <b>There is often no door to knock on</b></p><p><blockquote><b>常常无门可敲</b></blockquote></p><p> Your robo adviser only knows what you tell it. The simplistic questionnaire you’re required to fill out will on most robo-investing platforms will collect information on your annual income, desired age to retire and the level of risk you’re willing to take on.</p><p><blockquote>你的机器人顾问只知道你告诉它什么。大多数机器人投资平台上要求您填写的简单问卷将收集有关您的年收入、期望退休年龄以及您愿意承担的风险水平的信息。</blockquote></p><p> It won’t however know if you just had a child and would like to begin saving for their education down the road or if you recently lost your job.</p><p><blockquote>然而，它不会知道你是否刚刚有了一个孩子，并想开始为他们的教育存钱，或者你是否最近失业了。</blockquote></p><p> “The question then becomes to whom does that person go to for advice and does that platform offer that and if so, to what level of complexity?” said Barse.</p><p><blockquote>“那么问题就变成了那个人向谁寻求建议？该平台是否提供建议？如果提供，复杂程度如何？”巴斯说。</blockquote></p><p> Not all platforms give individualized investment advice and the hybrid models that do offer advice from a human tend to charge higher annual fees.</p><p><blockquote>并非所有平台都提供个性化投资建议，提供人工建议的混合模式往往会收取更高的年费。</blockquote></p><p> Additionally, a robo adviser won’t necessarily “manage your money with tax efficiency at front of mind,” said Roger Ma, a certified financial planner at Lifelaidout, a New York City-based financial advisory group.</p><p><blockquote>此外，纽约市财务咨询集团Lifelaidout的注册财务规划师罗杰·马(Roger Ma)表示，机器人顾问不一定“在管理资金时首先考虑税收效率”。</blockquote></p><p> For instance, one common way investors offset the taxes they pay on long-term investments is by selling assets that have accrued losses. Traditional advisers often specialize in constructing portfolios that lead to the most tax-efficient outcomes, said Ma, who is the author of “Work Your Money, Not Your Life”.</p><p><blockquote>例如，投资者抵消长期投资税款的一种常见方式是出售已累计亏损的资产。《工作你的钱，而不是你的生活》一书的作者马说，传统顾问通常专注于构建能带来最节税结果的投资组合。</blockquote></p><p> But with robo investing, the trades that are made for you are the same ones that are being made for a slew of other investors who may fall under a different tax-bracket than you.</p><p><blockquote>但通过机器人投资，为您进行的交易与为许多其他投资者进行的交易是相同的，这些投资者可能属于与您不同的税级。</blockquote></p><p> On top of that, while robo investing may feel like a simplistic way to get into investing, especially for beginners it can “overcomplicate investing,” Ma said.</p><p><blockquote>最重要的是，虽然机器人投资可能感觉像是一种简单的投资方式，特别是对于初学者来说，它可能会“使投资过于复杂”，马云说。</blockquote></p><p> “If you are just looking to dip your toe in and you want to feel like you’re invested in a diversified portfolio, I wouldn’t say definitely don’t do a robo adviser,” he said.</p><p><blockquote>“如果你只是想尝试一下，并且想感觉自己投资于多元化的投资组合，我不会说绝对不要聘请机器人顾问，”他说。</blockquote></p><p> Don’t rule out investing through a target-date fund that selects a single fund to invest in and adjusts the position over time based on their investment goals, he added.</p><p><blockquote>他补充说，不要排除通过目标日期基金进行投资，该基金选择单一基金进行投资，并根据投资目标随着时间的推移调整头寸。</blockquote></p><p> But not everyone can tell the difference between robo advice and advice from a human being. In 2015, MarketWatch asked four prominent robo advisers and four of the traditional, flesh-and-blood variety to construct portfolios for a hypothetical 35-year-old investor with $40,000 to invest.</p><p><blockquote>但并不是每个人都能区分机器人的建议和人类的建议。2015年，MarketWatch请四位著名的机器人顾问和四位传统的有血有肉的机器人顾问为一位假设的35岁投资者构建投资组合，投资金额为40,000美元。</blockquote></p><p> The results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.</p><p><blockquote>对于机器人顾问的批评者来说，结果或许令人惊讶。Pinnacle Advisory Group的研究总监Michael Kitces在审查结果后表示，机器人的建议与人类顾问的建议“没有太大不同”。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs is joining the robo-investing party — should you?<blockquote>高盛正在加入机器人投资行列——你应该加入吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs is joining the robo-investing party — should you?<blockquote>高盛正在加入机器人投资行列——你应该加入吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-02-19 19:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  ‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.  Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.</p><p><blockquote>加州圣地亚哥的财务顾问万斯·巴斯说，就像在拉斯维加斯一样，众议院通常会获胜。他经营着一家名为Your Dedicated Fiduciary的公司。机器人投资在几乎每个经纪平台上都变得越来越普遍。直到周二，高盛GS(-0.91%)将其机器人咨询服务Marcus限制为至少有1000万美元可投资的人。</blockquote></p><p> Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by some of Goldman Sachs’ wealthiest clients for a 0.35% annual advisory fee. But investing experts say there are more costs to consider before jumping on the robo-investing train.</p><p><blockquote>现在，任何拥有至少1,000美元可投资的人都可以使用高盛一些最富有的客户使用的相同交易算法，每年只需支付0.35%的咨询费。但投资专家表示，在跳上机器人投资列车之前，需要考虑更多成本。</blockquote></p><p> “Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.</p><p><blockquote>“就像在拉斯维加斯一样，众议院通常会获胜，”加利福尼亚州圣地亚哥的财务顾问万斯·巴斯(Vance Barse)说，他经营着一家名为Your Dedicated Fiduciary的公司。</blockquote></p><p> Although the 35 basis-point price tag is a “loss leader” to Goldman Sachs, he said companies typically make such offers in order to attract clients to cross-sell them banking products.</p><p><blockquote>尽管35个基点的价格标签对高盛来说是一个“亏损领头羊”，但他表示，公司通常会提出这样的报价，以吸引客户向他们交叉销售银行产品。</blockquote></p><p> “People forget that banks are ultimately in the business of making money,” he said.</p><p><blockquote>“人们忘记了银行最终是为了赚钱，”他说。</blockquote></p><p> Goldman Sachs declined to comment.</p><p><blockquote>高盛拒绝置评。</blockquote></p><p> The company is among other major financial-services firms offering digital advisers, including Vanguard, Fidelity and Schwab SCHW, +1.03% and startups such as Betterment and Wealthfront.</p><p><blockquote>该公司是其他提供数字顾问的主要金融服务公司之一，包括Vanguard、Fidelity和Schwab SCHW，+1.03%，以及Betterment和Wealthfront等初创公司。</blockquote></p><p> Fees for robo advisers can start at around 0.25%, and increase to 1% and above for traditional brokers. A survey of nearly 1,000 financial planners by Inside Information, a trade publication, found that the bigger the portfolio, the lower the percentage clients paid in fees.</p><p><blockquote>机器人顾问的费用从0.25%左右开始，传统经纪商的费用会增加到1%及以上。行业出版物Inside Information对近1,000名理财规划师进行的一项调查发现，投资组合越大，客户支付的费用比例就越低。</blockquote></p><p> The median annual charge hovered at around 1% for portfolios of $1 million or less, and 0.5% for portfolios worth $5 million to $10 million.</p><p><blockquote>对于100万美元或以下的投资组合，年费中位数徘徊在1%左右，对于价值500万至1000万美元的投资组合，年费中位数徘徊在0.5%左右。</blockquote></p><p> Robo advisers like those on offer from Goldman Sachs and Betterment differ from robo platforms like Robinhood. The former suggest portfolios focused on exchange-traded funds, while Robinhood allows users to invest in individual ETFs, stocks, options and even cryptocurrencies.</p><p><blockquote>高盛和Betterment提供的机器人顾问与Robinhood等机器人平台不同。前者建议投资组合专注于交易所交易基金，而Robinhood允许用户投资个人ETF、股票、期权甚至加密货币。</blockquote></p><p> <b>Robo investing as a self-driving car</b></p><p><blockquote><b>机器人投资作为自动驾驶汽车</b></blockquote></p><p> Consumers have turned to robo-investing at unprecedented levels during the pandemic.</p><p><blockquote>在疫情期间，消费者以前所未有的水平转向机器人投资。</blockquote></p><p> The rate of new accounts opened jumped between 50% and 300% during the first quarter of 2020 compared to the fourth quarter of last year, according to a May report published by research and advisory firm Aite Group.</p><p><blockquote>根据研究和咨询公司艾特集团5月份发布的一份报告，与去年第四季度相比，2020年第一季度的新开户率跃升了50%至300%。</blockquote></p><p> So what is rob-investing? Think of it like a self-driving car.</p><p><blockquote>那么什么是rob投资呢？把它想象成一辆自动驾驶汽车。</blockquote></p><p> You put in your destination, buckle up in the backseat and your driver (robo adviser) will get there. You, the passenger, can’t easily slam the breaks if you fear your driver is leading you in the wrong direction. Nor can you put your foot on the gas pedal if you’re in a rush and want to get to your destination faster.</p><p><blockquote>你输入你的目的地，在后座系好安全带，你的司机（机器人顾问）就会到达那里。作为乘客，如果你担心你的司机把你引向错误的方向，你就不能轻易刹车。如果您赶时间并想更快地到达目的地，也不能踩油门。</blockquote></p><p> Robo-investing platforms use advanced-trading algorithm software to design investment portfolios based on factors such as an individual’s appetite for risk-taking and desired short-term and long-term returns.</p><p><blockquote>机器人投资平台使用先进的交易算法软件，根据个人的风险偏好以及期望的短期和长期回报等因素来设计投资组合。</blockquote></p><p> There are over 200 platforms that provide these services charging typically no more than a 0.5% annual advisory fee, compared to the 1% annual fee human investment advisors charge.</p><p><blockquote>有200多个平台提供这些服务，每年收取的咨询费通常不超过0.5%，而人力投资顾问收取的年费为1%。</blockquote></p><p> And rather than investing entirely on your own, which can become a second job and lead to emotional investment decisions, robo advisers handle buying and selling assets.</p><p><blockquote>机器人顾问处理资产的买卖，而不是完全自己投资，这可能成为第二份工作并导致情绪化的投资决策。</blockquote></p><p> Cynthia Loh, Schwab vice president of Digital Advice and Innovation, disagrees, and argues that robo investing doesn’t mean giving technology control of your money. Schwab, she said, has a team of investment experts who oversee investment strategy and keep watch during periods of market volatility, although some services have more input from humans than others.</p><p><blockquote>嘉信理财数字咨询和创新副总裁辛西娅·洛(Cynthia Loh)不同意这种观点，她认为机器人投资并不意味着让技术控制你的资金。她说，嘉信理财拥有一支投资专家团队，负责监督投资策略并在市场波动期间进行监控，尽管有些服务比其他服务有更多的人工输入。</blockquote></p><p> As she recently wrote on MarketWatch: “One common misconception about automated investing is that choosing a robo adviser essentially means handing control of your money over to robots. The truth is that robo solutions have a combination of automated and human components running things behind the scenes.”</p><p><blockquote>正如她最近在MarketWatch上所写：“关于自动化投资的一个常见误解是，选择机器人顾问本质上意味着将资金的控制权交给机器人。事实是，机器人解决方案结合了自动化和人工组件，在幕后运行事物。”</blockquote></p><p> <b>Robos appeal to inexperienced investors</b></p><p><blockquote><b>机器人吸引缺乏经验的投资者</b></blockquote></p><p> Robo investing tends to appeal to inexperienced investors or ones who don’t have the time or energy to manage their own portfolios. These investors can take comfort in the “set it and forget it approach to investing and overtime let the markets do their thing,” Barse said.</p><p><blockquote>机器人投资往往吸引缺乏经验的投资者或没有时间或精力管理自己投资组合的投资者。巴尔斯说，这些投资者可以对“一劳永逸”的投资方法感到放心，随着时间的推移，让市场做自己的事情”。</blockquote></p><p> That makes it much easier to stomach market volatility knowing that you don’t necessarily have to make spur-of-the-moment decisions to buy or sell assets, said Tiffany Lam-Balfour, an investing and retirement specialist at NerdWallet.</p><p><blockquote>NerdWallet的投资和退休专家蒂芙尼·拉姆-贝尔福(Tiffany Lam-Balfour)表示，这使得你更容易承受市场波动，因为你不一定必须做出购买或出售资产的冲动决定。</blockquote></p><p> “When you’re investing, you don’t want to keep looking at the market and going ‘Oh I need to get out of this,’” she said. “You want to leave it to the professionals to get you through it because they know what your time horizon is, and they’ll adjust your portfolio automatically for you.”</p><p><blockquote>“当你投资时，你不会想一直关注市场并说‘哦，我需要摆脱困境’，”她说。“你想让专业人士来帮你度过难关，因为他们知道你的时间范围，他们会自动为你调整你的投资组合。”</blockquote></p><p></p><p> That said, “you can’t just expect your investments will only go up. Even if you had the world’s best human financial adviser you can’t expect that.”</p><p><blockquote>也就是说，“你不能指望你的投资只会上涨。即使你有世界上最好的人类财务顾问，你也不能指望这一点。”</blockquote></p><p> Others disagree, and say robo advisers appeal to older investors. “Planning for and paying yourself in retirement is complex. There are many options out there to help investors through it, and robo investing is one of them,” Loh said.</p><p><blockquote>其他人不同意，并表示机器人顾问对老年投资者有吸引力。“退休后的规划和支付费用很复杂。有很多选择可以帮助投资者度过难关，机器人投资就是其中之一，”Loh说。</blockquote></p><p> “Many thoughtful, long-term investors have discovered that they want a more modern, streamlined, and inexpensive way to invest, and robo investing fits the bill. They are happy to let technology handle the mundane activities that are harder and more time-consuming for investors to do themselves,” she added.</p><p><blockquote>“许多深思熟虑的长期投资者发现，他们想要一种更现代、更简化、更便宜的投资方式，而机器人投资正好符合这一要求。他们很乐意让技术来处理更困难、更耗时的日常活动。投资者自己做，”她补充道。</blockquote></p><p> <b>There is often no door to knock on</b></p><p><blockquote><b>常常无门可敲</b></blockquote></p><p> Your robo adviser only knows what you tell it. The simplistic questionnaire you’re required to fill out will on most robo-investing platforms will collect information on your annual income, desired age to retire and the level of risk you’re willing to take on.</p><p><blockquote>你的机器人顾问只知道你告诉它什么。大多数机器人投资平台上要求您填写的简单问卷将收集有关您的年收入、期望退休年龄以及您愿意承担的风险水平的信息。</blockquote></p><p> It won’t however know if you just had a child and would like to begin saving for their education down the road or if you recently lost your job.</p><p><blockquote>然而，它不会知道你是否刚刚有了一个孩子，并想开始为他们的教育存钱，或者你是否最近失业了。</blockquote></p><p> “The question then becomes to whom does that person go to for advice and does that platform offer that and if so, to what level of complexity?” said Barse.</p><p><blockquote>“那么问题就变成了那个人向谁寻求建议？该平台是否提供建议？如果提供，复杂程度如何？”巴斯说。</blockquote></p><p> Not all platforms give individualized investment advice and the hybrid models that do offer advice from a human tend to charge higher annual fees.</p><p><blockquote>并非所有平台都提供个性化投资建议，提供人工建议的混合模式往往会收取更高的年费。</blockquote></p><p> Additionally, a robo adviser won’t necessarily “manage your money with tax efficiency at front of mind,” said Roger Ma, a certified financial planner at Lifelaidout, a New York City-based financial advisory group.</p><p><blockquote>此外，纽约市财务咨询集团Lifelaidout的注册财务规划师罗杰·马(Roger Ma)表示，机器人顾问不一定“在管理资金时首先考虑税收效率”。</blockquote></p><p> For instance, one common way investors offset the taxes they pay on long-term investments is by selling assets that have accrued losses. Traditional advisers often specialize in constructing portfolios that lead to the most tax-efficient outcomes, said Ma, who is the author of “Work Your Money, Not Your Life”.</p><p><blockquote>例如，投资者抵消长期投资税款的一种常见方式是出售已累计亏损的资产。《工作你的钱，而不是你的生活》一书的作者马说，传统顾问通常专注于构建能带来最节税结果的投资组合。</blockquote></p><p> But with robo investing, the trades that are made for you are the same ones that are being made for a slew of other investors who may fall under a different tax-bracket than you.</p><p><blockquote>但通过机器人投资，为您进行的交易与为许多其他投资者进行的交易是相同的，这些投资者可能属于与您不同的税级。</blockquote></p><p> On top of that, while robo investing may feel like a simplistic way to get into investing, especially for beginners it can “overcomplicate investing,” Ma said.</p><p><blockquote>最重要的是，虽然机器人投资可能感觉像是一种简单的投资方式，特别是对于初学者来说，它可能会“使投资过于复杂”，马云说。</blockquote></p><p> “If you are just looking to dip your toe in and you want to feel like you’re invested in a diversified portfolio, I wouldn’t say definitely don’t do a robo adviser,” he said.</p><p><blockquote>“如果你只是想尝试一下，并且想感觉自己投资于多元化的投资组合，我不会说绝对不要聘请机器人顾问，”他说。</blockquote></p><p> Don’t rule out investing through a target-date fund that selects a single fund to invest in and adjusts the position over time based on their investment goals, he added.</p><p><blockquote>他补充说，不要排除通过目标日期基金进行投资，该基金选择单一基金进行投资，并根据投资目标随着时间的推移调整头寸。</blockquote></p><p> But not everyone can tell the difference between robo advice and advice from a human being. In 2015, MarketWatch asked four prominent robo advisers and four of the traditional, flesh-and-blood variety to construct portfolios for a hypothetical 35-year-old investor with $40,000 to invest.</p><p><blockquote>但并不是每个人都能区分机器人的建议和人类的建议。2015年，MarketWatch请四位著名的机器人顾问和四位传统的有血有肉的机器人顾问为一位假设的35岁投资者构建投资组合，投资金额为40,000美元。</blockquote></p><p> The results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.</p><p><blockquote>对于机器人顾问的批评者来说，结果或许令人惊讶。Pinnacle Advisory Group的研究总监Michael Kitces在审查结果后表示，机器人的建议与人类顾问的建议“没有太大不同”。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/goldman-sachs-is-joining-the-robo-investing-party-should-you-11613658128?mod=home-page\">Marketwatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/goldman-sachs-is-joining-the-robo-investing-party-should-you-11613658128?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161529893","content_text":"‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\n\nRobo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.\nNow anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by some of Goldman Sachs’ wealthiest clients for a 0.35% annual advisory fee. But investing experts say there are more costs to consider before jumping on the robo-investing train.\n“Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\nAlthough the 35 basis-point price tag is a “loss leader” to Goldman Sachs, he said companies typically make such offers in order to attract clients to cross-sell them banking products.\n“People forget that banks are ultimately in the business of making money,” he said.\nGoldman Sachs declined to comment.\nThe company is among other major financial-services firms offering digital advisers, including Vanguard, Fidelity and Schwab SCHW, +1.03% and startups such as Betterment and Wealthfront.\nFees for robo advisers can start at around 0.25%, and increase to 1% and above for traditional brokers. A survey of nearly 1,000 financial planners by Inside Information, a trade publication, found that the bigger the portfolio, the lower the percentage clients paid in fees.\nThe median annual charge hovered at around 1% for portfolios of $1 million or less, and 0.5% for portfolios worth $5 million to $10 million.\nRobo advisers like those on offer from Goldman Sachs and Betterment differ from robo platforms like Robinhood. The former suggest portfolios focused on exchange-traded funds, while Robinhood allows users to invest in individual ETFs, stocks, options and even cryptocurrencies.\nRobo investing as a self-driving car\nConsumers have turned to robo-investing at unprecedented levels during the pandemic.\nThe rate of new accounts opened jumped between 50% and 300% during the first quarter of 2020 compared to the fourth quarter of last year, according to a May report published by research and advisory firm Aite Group.\nSo what is rob-investing? Think of it like a self-driving car.\nYou put in your destination, buckle up in the backseat and your driver (robo adviser) will get there. You, the passenger, can’t easily slam the breaks if you fear your driver is leading you in the wrong direction. Nor can you put your foot on the gas pedal if you’re in a rush and want to get to your destination faster.\nRobo-investing platforms use advanced-trading algorithm software to design investment portfolios based on factors such as an individual’s appetite for risk-taking and desired short-term and long-term returns.\nThere are over 200 platforms that provide these services charging typically no more than a 0.5% annual advisory fee, compared to the 1% annual fee human investment advisors charge.\nAnd rather than investing entirely on your own, which can become a second job and lead to emotional investment decisions, robo advisers handle buying and selling assets.\nCynthia Loh, Schwab vice president of Digital Advice and Innovation, disagrees, and argues that robo investing doesn’t mean giving technology control of your money. Schwab, she said, has a team of investment experts who oversee investment strategy and keep watch during periods of market volatility, although some services have more input from humans than others.\nAs she recently wrote on MarketWatch: “One common misconception about automated investing is that choosing a robo adviser essentially means handing control of your money over to robots. The truth is that robo solutions have a combination of automated and human components running things behind the scenes.”\nRobos appeal to inexperienced investors\nRobo investing tends to appeal to inexperienced investors or ones who don’t have the time or energy to manage their own portfolios. These investors can take comfort in the “set it and forget it approach to investing and overtime let the markets do their thing,” Barse said.\nThat makes it much easier to stomach market volatility knowing that you don’t necessarily have to make spur-of-the-moment decisions to buy or sell assets, said Tiffany Lam-Balfour, an investing and retirement specialist at NerdWallet.\n“When you’re investing, you don’t want to keep looking at the market and going ‘Oh I need to get out of this,’” she said. “You want to leave it to the professionals to get you through it because they know what your time horizon is, and they’ll adjust your portfolio automatically for you.”\nThat said, “you can’t just expect your investments will only go up. Even if you had the world’s best human financial adviser you can’t expect that.”\nOthers disagree, and say robo advisers appeal to older investors. “Planning for and paying yourself in retirement is complex. There are many options out there to help investors through it, and robo investing is one of them,” Loh said.\n“Many thoughtful, long-term investors have discovered that they want a more modern, streamlined, and inexpensive way to invest, and robo investing fits the bill. They are happy to let technology handle the mundane activities that are harder and more time-consuming for investors to do themselves,” she added.\nThere is often no door to knock on\nYour robo adviser only knows what you tell it. The simplistic questionnaire you’re required to fill out will on most robo-investing platforms will collect information on your annual income, desired age to retire and the level of risk you’re willing to take on.\nIt won’t however know if you just had a child and would like to begin saving for their education down the road or if you recently lost your job.\n“The question then becomes to whom does that person go to for advice and does that platform offer that and if so, to what level of complexity?” said Barse.\nNot all platforms give individualized investment advice and the hybrid models that do offer advice from a human tend to charge higher annual fees.\nAdditionally, a robo adviser won’t necessarily “manage your money with tax efficiency at front of mind,” said Roger Ma, a certified financial planner at Lifelaidout, a New York City-based financial advisory group.\nFor instance, one common way investors offset the taxes they pay on long-term investments is by selling assets that have accrued losses. Traditional advisers often specialize in constructing portfolios that lead to the most tax-efficient outcomes, said Ma, who is the author of “Work Your Money, Not Your Life”.\nBut with robo investing, the trades that are made for you are the same ones that are being made for a slew of other investors who may fall under a different tax-bracket than you.\nOn top of that, while robo investing may feel like a simplistic way to get into investing, especially for beginners it can “overcomplicate investing,” Ma said.\n“If you are just looking to dip your toe in and you want to feel like you’re invested in a diversified portfolio, I wouldn’t say definitely don’t do a robo adviser,” he said.\nDon’t rule out investing through a target-date fund that selects a single fund to invest in and adjusts the position over time based on their investment goals, he added.\nBut not everyone can tell the difference between robo advice and advice from a human being. In 2015, MarketWatch asked four prominent robo advisers and four of the traditional, flesh-and-blood variety to construct portfolios for a hypothetical 35-year-old investor with $40,000 to invest.\nThe results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":452,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360209989,"gmtCreate":1613916112041,"gmtModify":1634551869066,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/360209989","repostId":"1143100356","repostType":4,"isVote":1,"tweetType":1,"viewCount":437,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385863822,"gmtCreate":1613531648566,"gmtModify":1634553272995,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/385863822","repostId":"1146471319","repostType":4,"repost":{"id":"1146471319","kind":"news","pubTimestamp":1613530073,"share":"https://www.laohu8.com/m/news/1146471319?lang=zh_CN&edition=full","pubTime":"2021-02-17 10:47","market":"us","language":"en","title":"Amazon Completes Purchase of Shopify Competitor Selz<blockquote>亚马逊完成对Shopify竞争对手Selz的收购</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1146471319","media":"The Wall Street Journal","summary":"Web retailing giant had formed team to study Shopify amid growing competition for smaller merchants ","content":"<p>Web retailing giant had formed team to study Shopify amid growing competition for smaller merchants creating online stores</p><p><blockquote>在小型商家创建在线商店的竞争日益激烈的情况下，网络零售巨头已组建团队来研究Shopify</blockquote></p><p> Amazon . com Inc. said it has acquired Australian e-commerce company Selz, in a deal that underscores an increased focus on fast-growing rival Shopify Inc.</p><p><blockquote>亚马逊。com Inc.表示，已收购澳大利亚电子商务公司Selz，这笔交易突显出该公司对快速增长的竞争对手Shopify Inc.的日益关注。</blockquote></p><p> Terms of the deal weren’t disclosed. A spokeswoman for Amazon said the deal, which Selz announced on its website about a month ago, has been completed and nothing will change for Selz’s merchants or their customers.</p><p><blockquote>交易条款没有披露。亚马逊发言人表示，Selz大约一个月前在其网站上宣布的这笔交易已经完成，Selz的商家或客户不会有任何变化。</blockquote></p><p> Founded in 2013, Selz serves as an online platform that helps small and medium-size companies launch and maintain their online businesses. The private company employs more than 30 people, according to data firm PitchBook. Previous backers include Macdoch Venture and Adcock Private Equity, PitchBook said.</p><p><blockquote>Selz成立于2013年，是一个在线平台，帮助中小型公司启动和维护其在线业务。根据数据公司PitchBook的数据，这家私营公司拥有30多名员工。PitchBook表示，之前的支持者包括Macdoch Venture和Adcock Private Equity。</blockquote></p><p> Amazon hasheightened its effortsto match fast-growing Shopify, which also aids small merchants in creating online shops. Last year, Amazon created a secret team named “Project Santos” to replicate part of Shopify’s business model, The Wall Street Journal reported in December.</p><p><blockquote>亚马逊加大了与快速增长的Shopify竞争的力度，Shopify也帮助小商家创建在线商店。据《华尔街日报》去年12月报道，去年，亚马逊创建了一个名为“Project Santos”的秘密团队，以复制Shopify的部分商业模式。</blockquote></p><p> As the pandemic has made online shopping more popular, brick-and-mortar stores have invested more intotheir e-commerce presence. Some estimates have the sector expanding by 50% in 2020.</p><p><blockquote>随着疫情使网上购物变得更加流行，实体店对其电子商务业务进行了更多投资。据估计，该行业在2020年将增长50%。</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>Amazon Completes Purchase of Shopify Competitor Selz<blockquote>亚马逊完成对Shopify竞争对手Selz的收购</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\">\nAmazon Completes Purchase of Shopify Competitor Selz<blockquote>亚马逊完成对Shopify竞争对手Selz的收购</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-02-17 10:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Web retailing giant had formed team to study Shopify amid growing competition for smaller merchants creating online stores</p><p><blockquote>在小型商家创建在线商店的竞争日益激烈的情况下，网络零售巨头已组建团队来研究Shopify</blockquote></p><p> Amazon . com Inc. said it has acquired Australian e-commerce company Selz, in a deal that underscores an increased focus on fast-growing rival Shopify Inc.</p><p><blockquote>亚马逊。com Inc.表示，已收购澳大利亚电子商务公司Selz，这笔交易突显出该公司对快速增长的竞争对手Shopify Inc.的日益关注。</blockquote></p><p> Terms of the deal weren’t disclosed. A spokeswoman for Amazon said the deal, which Selz announced on its website about a month ago, has been completed and nothing will change for Selz’s merchants or their customers.</p><p><blockquote>交易条款没有披露。亚马逊发言人表示，Selz大约一个月前在其网站上宣布的这笔交易已经完成，Selz的商家或客户不会有任何变化。</blockquote></p><p> Founded in 2013, Selz serves as an online platform that helps small and medium-size companies launch and maintain their online businesses. The private company employs more than 30 people, according to data firm PitchBook. Previous backers include Macdoch Venture and Adcock Private Equity, PitchBook said.</p><p><blockquote>Selz成立于2013年，是一个在线平台，帮助中小型公司启动和维护其在线业务。根据数据公司PitchBook的数据，这家私营公司拥有30多名员工。PitchBook表示，之前的支持者包括Macdoch Venture和Adcock Private Equity。</blockquote></p><p> Amazon hasheightened its effortsto match fast-growing Shopify, which also aids small merchants in creating online shops. Last year, Amazon created a secret team named “Project Santos” to replicate part of Shopify’s business model, The Wall Street Journal reported in December.</p><p><blockquote>亚马逊加大了与快速增长的Shopify竞争的力度，Shopify也帮助小商家创建在线商店。据《华尔街日报》去年12月报道，去年，亚马逊创建了一个名为“Project Santos”的秘密团队，以复制Shopify的部分商业模式。</blockquote></p><p> As the pandemic has made online shopping more popular, brick-and-mortar stores have invested more intotheir e-commerce presence. Some estimates have the sector expanding by 50% in 2020.</p><p><blockquote>随着疫情使网上购物变得更加流行，实体店对其电子商务业务进行了更多投资。据估计，该行业在2020年将增长50%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/amazon-completes-purchase-of-shopify-competitor-selz-11613513401?mod=hp_lista_pos5\">The Wall Street Journal</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":{"AMZN":"亚马逊","SHOP":"Shopify Inc"},"source_url":"https://www.wsj.com/articles/amazon-completes-purchase-of-shopify-competitor-selz-11613513401?mod=hp_lista_pos5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146471319","content_text":"Web retailing giant had formed team to study Shopify amid growing competition for smaller merchants creating online stores\nAmazon . com Inc. said it has acquired Australian e-commerce company Selz, in a deal that underscores an increased focus on fast-growing rival Shopify Inc.\nTerms of the deal weren’t disclosed. A spokeswoman for Amazon said the deal, which Selz announced on its website about a month ago, has been completed and nothing will change for Selz’s merchants or their customers.\nFounded in 2013, Selz serves as an online platform that helps small and medium-size companies launch and maintain their online businesses. The private company employs more than 30 people, according to data firm PitchBook. Previous backers include Macdoch Venture and Adcock Private Equity, PitchBook said.\nAmazon hasheightened its effortsto match fast-growing Shopify, which also aids small merchants in creating online shops. Last year, Amazon created a secret team named “Project Santos” to replicate part of Shopify’s business model, The Wall Street Journal reported in December.\nAs the pandemic has made online shopping more popular, brick-and-mortar stores have invested more intotheir e-commerce presence. Some estimates have the sector expanding by 50% in 2020.","news_type":1,"symbols_score_info":{"AMZN":0.9,"SHOP":0.9}},"isVote":1,"tweetType":1,"viewCount":269,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382737701,"gmtCreate":1613482964103,"gmtModify":1634553486660,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/382737701","repostId":"1108705396","repostType":4,"repost":{"id":"1108705396","kind":"news","pubTimestamp":1613469786,"share":"https://www.laohu8.com/m/news/1108705396?lang=zh_CN&edition=full","pubTime":"2021-02-16 18:03","market":"us","language":"en","title":"With Biden going big, Wall Street economists are growing bullish on the US economy<blockquote>随着拜登的崛起，华尔街经济学家越来越看好美国经济</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1108705396","media":"CNN Business","summary":"New York (CNN Business) The Covid-ravaged American economy was on the verge of slipping into a doubl","content":"<p><b>New York (CNN Business)&nbsp;</b>The Covid-ravaged American economy was on the verge of slipping into a double-dip recession at the end of 2020. The pandemic was intensifying,gridlock paralyzed Washington&nbsp;and millions of families were about to&nbsp;lose crucial benefits.</p><p><blockquote><b>纽约（CNN商业）</b>2020年底，饱受新冠疫情蹂躏的美国经济濒临陷入双底衰退。疫情正在加剧，僵局使华盛顿陷入瘫痪，数百万家庭即将失去重要福利。</blockquote></p><p> Fast forward two months, and the&nbsp;economy is still struggling-- but confidence in the recovery is growing, rapidly.</p><p><blockquote>快进两个月，经济仍在挣扎，但对复苏的信心正在迅速增长。</blockquote></p><p> Economists are swiftly upgrading their GDP and unemployment forecasts and pulling forward the date when the Federal Reserve will be able to lift rock-bottom interest rates. Goldman Sachs is predicting the US economy will grow at the fastest clip in more than three decades.</p><p><blockquote>经济学家正在迅速上调GDP和失业率预测，并将美联储能够提高最低利率的日期提前。高盛预测美国经济将以三十多年来最快的速度增长。</blockquote></p><p> The renewed optimism is being driven by two major factors: the&nbsp;health crisis is easing&nbsp;and Uncle Sam is&nbsp;coming to the rescue with staggering amounts of aid-- hundreds of billions more than seemed to be in the cards just months ago.</p><p><blockquote>重新燃起的乐观情绪是由两个主要因素推动的：健康危机正在缓解，山姆大叔正在提供惊人数量的援助——比几个月前似乎多了数千亿美元。</blockquote></p><p> After supplying $4 trillion of relief last year, Washington is expected to pump in another $2 trillion of deficit-financed support in 2021, according to Moody's Analytics. That represents more than a quarter of annual US GDP.</p><p><blockquote>根据穆迪分析公司的数据，继去年提供4万亿美元的救助后，华盛顿预计将在2021年再提供2万亿美元的赤字融资支持。这相当于美国年度GDP的四分之一以上。</blockquote></p><p> \"That is a lot of economic juice,\" Mark Zandi, chief economist at Moody's Analytics, told CNN Business.</p><p><blockquote>穆迪分析公司首席经济学家马克·赞迪(Mark Zandi)告诉CNN Business：“这是大量的经济动力。”</blockquote></p><p> The turning point happened last month&nbsp;when Democrats took narrow control of the US Senate by sweeping the runoff races in Georgia. That opened a path for&nbsp;President Joe Biden's $1.9 trillion American Rescue Plan, which features $1,400 stimulus checks, enhanced unemployment benefits and a $350 billion lifeline to state and local governments.</p><p><blockquote>转折点发生在上个月，当时民主党在佐治亚州的决选中以微弱优势控制了美国参议院。这为乔·拜登总统1.9万亿美元的美国救援计划开辟了道路，该计划包括1400美元的刺激支票、提高失业救济金以及向州和地方政府提供3500亿美元的生命线。</blockquote></p><p> <b>'Summer mini-boom'</b></p><p><blockquote><b>“夏季迷你热潮”</b></blockquote></p><p> Before the Georgia elections, Zandi didn't think the US economy would return to full employment (a strong labor market with 4% unemployment) until the spring or summer of 2023. Now, he expects that achievement to happen next spring, echoing a&nbsp;forecast by Treasury Secretary Janet Yellen.</p><p><blockquote>在佐治亚州选举之前，赞迪认为美国经济要到2023年春季或夏季才能恢复充分就业（强劲的劳动力市场，失业率为4%）。现在，他预计这一成就将在明年春天实现，这与财政部长珍妮特·耶伦的预测相呼应。</blockquote></p><p> \"Super-charged fiscal policy\" means the argument for the US economy growing faster than its peers \"seems to get stronger day-by-day,\" economists at Bank of America wrote in a recent report to clients.</p><p><blockquote>美国银行经济学家在最近给客户的一份报告中写道，“超级财政政策”意味着美国经济增长快于其他国家的论点“似乎日益强烈”。</blockquote></p><p> Oxford Economics chief US economist Gregory Daco is calling for a \"summer mini-boom\" in the United States and 5.9% GDP growth in 2021.</p><p><blockquote>牛津经济研究院首席美国经济学家Gregory Daco呼吁美国出现“夏季小繁荣”，2021年GDP增长5.9%。</blockquote></p><p> Likewise, Jefferies economists say \"explosive income growth (courtesy of fiscal stimulus) is likely to propel US GDP 6.4% higher this year and nearly 5% next year.\"</p><p><blockquote>同样，杰富瑞(Jefferies)经济学家表示，“爆炸性的收入增长（得益于财政刺激）可能会推动美国GDP今年增长6.4%，明年增长近5%。”</blockquote></p><p> \"If anything, our forecast might be too conservative,\" Jefferies told clients in a recent note, pointing out that its view incorporates just $1 trillion of the Biden plan.</p><p><blockquote>杰富瑞在最近的一份报告中告诉客户：“如果说有什么不同的话，那就是我们的预测可能过于保守。”他指出，其观点仅纳入了拜登计划的1万亿美元。</blockquote></p><p> Indeed, Goldman Sachs upgraded its 2021 GDP forecast to 6.8% earlier this week because the Wall Street bank now assumes additional fiscal relief of $1.5 trillion, up from $1.1 trillion previously. If Goldman's prediction comes true, it would be the fastest annual GDP growth for the United States since 1989,according to the St. Louis Fed.</p><p><blockquote>事实上，高盛本周早些时候将2021年GDP预期上调至6.8%，因为这家华尔街银行现在假设额外财政救助为1.5万亿美元，高于此前的1.1万亿美元。根据圣路易斯联储的数据，如果高盛的预测成真，这将是美国自1989年以来最快的年度GDP增长。</blockquote></p><p> The rosy GDP forecasts are well above what the Federal Reserve is calling for. In December, the Fed expected 2021 GDP growth of just 4.2% and said unemployment wouldn't slip below 4% until 2023.</p><p><blockquote>乐观的GDP预测远高于美联储的要求。去年12月，美联储预计2021年GDP增长仅为4.2%，并表示失业率要到2023年才会降至4%以下。</blockquote></p><p> <b>Double-dip recession averted</b></p><p><blockquote><b>避免了双底衰退</b></blockquote></p><p> The Fed tends to be conservative with its economic forecasts. And, crucially, the Fed forecast was released at a time when political dysfunction in DC was casting a shadow over the US economy.</p><p><blockquote>美联储对经济预测趋于保守。而且，至关重要的是，美联储的预测是在DC政治功能失调给美国经济蒙上阴影之际发布的。</blockquote></p><p> For months, Republicans and Democrats tried and failed to reach a deal on extending crucial unemployment and eviction benefits scheduled to lapse and providing more forgivable loans to small businesses. And then when a deal was finally reached, former President Donald Trump threatened to blow it up.</p><p><blockquote>几个月来，共和党和民主党试图就延长计划失效的关键失业和驱逐福利以及向小企业提供更多可原谅贷款达成协议，但未能达成协议。然后当最终达成协议时，前总统唐纳德·特朗普威胁要炸毁它。</blockquote></p><p> At the last minute, Trump signed the $900 billion relief package into law, averting economic disaster.</p><p><blockquote>在最后一刻，特朗普将9000亿美元的救助计划签署成为法律，避免了经济灾难。</blockquote></p><p> \"Without that, we would be in a double dip recession,\" said Zandi, the Moody's economist.</p><p><blockquote>穆迪经济学家赞迪表示：“如果没有这一点，我们将陷入双底衰退。”</blockquote></p><p> Slammed by the pandemic, the US economy limped to the end of 2020 and started this year slowly. In December, employers cut jobs in for the first time since the spring. And the United States&nbsp;added just 49,000 jobs in January.</p><p><blockquote>受疫情冲击，美国经济一瘸一拐地走到2020年底，今年开局缓慢。12月，雇主自春季以来首次裁员。美国1月份仅增加了49,000个就业岗位。</blockquote></p><p> Jobless claims remain alarmingly high. Another 793,000 Americans filed for first time unemployment benefits last week alone. For context, that is above the worst levels of the Great Recession.</p><p><blockquote>申请失业救济人数仍然高得惊人。仅上周就有793,000名美国人首次申请失业救济。就背景而言，这高于大衰退的最严重水平。</blockquote></p><p> <b>Vaccines to the rescue</b></p><p><blockquote><b>疫苗拯救生命</b></blockquote></p><p> But there are glimmers of hope on the pandemic. Although Covid deaths remain unthinkably high, hospitalizations and cases have retreated.</p><p><blockquote>但疫情仍有一线希望。尽管Covid死亡人数仍然高得难以想象，但住院人数和病例数已经下降。</blockquote></p><p> Critically, the rollout of coronavirus vaccines is accelerating. Out of a total of 66 million vaccines distributed, about 70% have been administered, according to Morgan Stanley.</p><p><blockquote>至关重要的是，冠状病毒疫苗的推出正在加速。据摩根士丹利称，在总共分发的6600万支疫苗中，约70%已经接种。</blockquote></p><p> And Dr. Anthony Fauci, the nation's top infectious disease expert,told NBC News Thursday&nbsp;that the United States may be able to vaccinate most Americans by the middle or end of summer.</p><p><blockquote>美国顶级传染病专家安东尼·福奇博士周四告诉NBC新闻，美国可能能够在夏季中期或结束前为大多数美国人接种疫苗。</blockquote></p><p></p><p> All of this has allowed states including California, New York and New Jersey to relax health restrictions crushing restaurants and other small businesses.</p><p><blockquote>所有这些使得包括加利福尼亚、纽约和新泽西在内的州放松了对餐馆和其他小企业的健康限制。</blockquote></p><p> That's not to say the pandemic is over. In fact,one risk is that new Covid-19 variants&nbsp;force US states and cities to once again tighten health restrictions.</p><p><blockquote>这并不是说疫情已经结束。事实上，一个风险是，新的Covid-19变种迫使美国各州和城市再次收紧健康限制。</blockquote></p><p> <b>Low-wage workers are still hurting badly</b></p><p><blockquote><b>低薪工人仍然受到严重伤害</b></blockquote></p><p> Against this backdrop, many economists are urging Washington to push ahead with plans for aggressive fiscal stimulus.</p><p><blockquote>在此背景下，许多经济学家敦促华盛顿推进激进的财政刺激计划。</blockquote></p><p> \"Foot flat on the accelerator, please,\" Zandi, the Moody's economist said. \"Policymaking 101 says err on the side of doing too much, rather than too little.\"</p><p><blockquote>穆迪经济学家赞迪表示：“请把脚平放在油门上。”“政策制定101说，错误在于做得太多，而不是做得太少。”</blockquote></p><p> Doing too little risks worsening America's inequality problem. That's because this recession, more than prior ones, disproportionately hurt low-income workers in hard-hit sectors such as restaurants, childcare and hospitality.</p><p><blockquote>做得太少可能会加剧美国的不平等问题。这是因为与之前的衰退相比，这次衰退对餐馆、儿童保育和酒店业等遭受重创行业的低收入工人造成了不成比例的伤害。</blockquote></p><p> Employment levels of low-wage workers (those making less than $27,000 per year) is still down more than 20%, according to the Opportunity Insights Economic tracker. By contrast, employment levels of those making more than $60,000 per year are above pre-crisis levels.</p><p><blockquote>根据Opportunity Insights经济跟踪系统的数据，低工资工人（年收入低于27,000美元的人）的就业水平仍下降了20%以上。相比之下，年收入超过6万美元的人的就业水平高于危机前的水平。</blockquote></p><p> \"Biden's team is unlikely to break out the champagne over reaching full employment if it isn't evident across income and racial groups,\" economists at Bank of America wrote in a report to clients.</p><p><blockquote>美国银行的经济学家在给客户的一份报告中写道：“如果收入和种族群体之间的充分就业情况不明显，拜登的团队就不太可能为实现充分就业而开香槟。”</blockquote></p><p> However, Danielle DiMartino Booth, a former Fed official who is now CEO of Quill Intelligence, worries the focus on providing income, instead of investing in infrastructure and reskilling workers, will make the country addicted to stimulus.</p><p><blockquote>然而，前美联储官员、现任Quill Intelligence首席执行官丹妮尔·迪马蒂诺·布斯(Danielle DiMartino Booth)担心，专注于提供收入，而不是投资基础设施和再培训工人，会让该国沉迷于刺激措施。</blockquote></p><p> \"The economy is going to turn into this dependent patient, always waiting for the next injection,\" Booth said.</p><p><blockquote>布斯说：“经济将变成这个依赖患者，总是等待下一次注射。”</blockquote></p><p> <b>'Bring it on'</b></p><p><blockquote><b>“来吧”</b></blockquote></p><p> Some economists, including former Treasury Secretary Larry Summers, have warned there is a risk that Washington&nbsp;overheats the economy by injecting too much support.</p><p><blockquote>包括前财政部长拉里·萨默斯在内的一些经济学家警告说，华盛顿注入过多支持可能会导致经济过热。</blockquote></p><p> \"You could have quite the inflation scare in the next few months that will test the bond market and the Fed,\" Booth said.</p><p><blockquote>布斯表示：“未来几个月可能会出现相当大的通胀恐慌，这将考验债券市场和美联储。”</blockquote></p><p> And that in turn would spook the&nbsp;red-hot stock market.</p><p><blockquote>这反过来又会惊动炙手可热的股市。</blockquote></p><p> Fed watchers are moving up their timelines for when the central bank will be able to end its emergency policies.</p><p><blockquote>美联储观察人士正在提前确定美联储何时能够结束紧急政策的时间表。</blockquote></p><p> Citing \"signs of a firmer inflation outlook,\" Goldman Sachs now expects the Fed to start \"tapering\" its asset purchases in early 2022 and to raise interest rates in the first half of 2024.</p><p><blockquote>高盛援引“通胀前景走强的迹象”，目前预计美联储将在2022年初开始“缩减”资产购买规模，并在2024年上半年加息。</blockquote></p><p> Zandi isn't losing sleep over inflation, mostly because the United States is far from full employment.</p><p><blockquote>赞迪并没有因为通货膨胀而失眠，主要是因为美国还远未实现充分就业。</blockquote></p><p> \"It's a vastly overstated worry,\" he said. \"Bring it on. Our biggest problem for more than a decade has been low inflation. Higher inflation would be a high-class problem to have.\"</p><p><blockquote>“这是一种被大大夸大的担忧，”他说。“来吧。十多年来，我们最大的问题一直是低通胀。更高的通胀将是一个高级问题。”</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>With Biden going big, Wall Street economists are growing bullish on the US economy<blockquote>随着拜登的崛起，华尔街经济学家越来越看好美国经济</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\">\nWith Biden going big, Wall Street economists are growing bullish on the US economy<blockquote>随着拜登的崛起，华尔街经济学家越来越看好美国经济</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN Business</strong><span class=\"h-time small\">2021-02-16 18:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>New York (CNN Business)&nbsp;</b>The Covid-ravaged American economy was on the verge of slipping into a double-dip recession at the end of 2020. The pandemic was intensifying,gridlock paralyzed Washington&nbsp;and millions of families were about to&nbsp;lose crucial benefits.</p><p><blockquote><b>纽约（CNN商业）</b>2020年底，饱受新冠疫情蹂躏的美国经济濒临陷入双底衰退。疫情正在加剧，僵局使华盛顿陷入瘫痪，数百万家庭即将失去重要福利。</blockquote></p><p> Fast forward two months, and the&nbsp;economy is still struggling-- but confidence in the recovery is growing, rapidly.</p><p><blockquote>快进两个月，经济仍在挣扎，但对复苏的信心正在迅速增长。</blockquote></p><p> Economists are swiftly upgrading their GDP and unemployment forecasts and pulling forward the date when the Federal Reserve will be able to lift rock-bottom interest rates. Goldman Sachs is predicting the US economy will grow at the fastest clip in more than three decades.</p><p><blockquote>经济学家正在迅速上调GDP和失业率预测，并将美联储能够提高最低利率的日期提前。高盛预测美国经济将以三十多年来最快的速度增长。</blockquote></p><p> The renewed optimism is being driven by two major factors: the&nbsp;health crisis is easing&nbsp;and Uncle Sam is&nbsp;coming to the rescue with staggering amounts of aid-- hundreds of billions more than seemed to be in the cards just months ago.</p><p><blockquote>重新燃起的乐观情绪是由两个主要因素推动的：健康危机正在缓解，山姆大叔正在提供惊人数量的援助——比几个月前似乎多了数千亿美元。</blockquote></p><p> After supplying $4 trillion of relief last year, Washington is expected to pump in another $2 trillion of deficit-financed support in 2021, according to Moody's Analytics. That represents more than a quarter of annual US GDP.</p><p><blockquote>根据穆迪分析公司的数据，继去年提供4万亿美元的救助后，华盛顿预计将在2021年再提供2万亿美元的赤字融资支持。这相当于美国年度GDP的四分之一以上。</blockquote></p><p> \"That is a lot of economic juice,\" Mark Zandi, chief economist at Moody's Analytics, told CNN Business.</p><p><blockquote>穆迪分析公司首席经济学家马克·赞迪(Mark Zandi)告诉CNN Business：“这是大量的经济动力。”</blockquote></p><p> The turning point happened last month&nbsp;when Democrats took narrow control of the US Senate by sweeping the runoff races in Georgia. That opened a path for&nbsp;President Joe Biden's $1.9 trillion American Rescue Plan, which features $1,400 stimulus checks, enhanced unemployment benefits and a $350 billion lifeline to state and local governments.</p><p><blockquote>转折点发生在上个月，当时民主党在佐治亚州的决选中以微弱优势控制了美国参议院。这为乔·拜登总统1.9万亿美元的美国救援计划开辟了道路，该计划包括1400美元的刺激支票、提高失业救济金以及向州和地方政府提供3500亿美元的生命线。</blockquote></p><p> <b>'Summer mini-boom'</b></p><p><blockquote><b>“夏季迷你热潮”</b></blockquote></p><p> Before the Georgia elections, Zandi didn't think the US economy would return to full employment (a strong labor market with 4% unemployment) until the spring or summer of 2023. Now, he expects that achievement to happen next spring, echoing a&nbsp;forecast by Treasury Secretary Janet Yellen.</p><p><blockquote>在佐治亚州选举之前，赞迪认为美国经济要到2023年春季或夏季才能恢复充分就业（强劲的劳动力市场，失业率为4%）。现在，他预计这一成就将在明年春天实现，这与财政部长珍妮特·耶伦的预测相呼应。</blockquote></p><p> \"Super-charged fiscal policy\" means the argument for the US economy growing faster than its peers \"seems to get stronger day-by-day,\" economists at Bank of America wrote in a recent report to clients.</p><p><blockquote>美国银行经济学家在最近给客户的一份报告中写道，“超级财政政策”意味着美国经济增长快于其他国家的论点“似乎日益强烈”。</blockquote></p><p> Oxford Economics chief US economist Gregory Daco is calling for a \"summer mini-boom\" in the United States and 5.9% GDP growth in 2021.</p><p><blockquote>牛津经济研究院首席美国经济学家Gregory Daco呼吁美国出现“夏季小繁荣”，2021年GDP增长5.9%。</blockquote></p><p> Likewise, Jefferies economists say \"explosive income growth (courtesy of fiscal stimulus) is likely to propel US GDP 6.4% higher this year and nearly 5% next year.\"</p><p><blockquote>同样，杰富瑞(Jefferies)经济学家表示，“爆炸性的收入增长（得益于财政刺激）可能会推动美国GDP今年增长6.4%，明年增长近5%。”</blockquote></p><p> \"If anything, our forecast might be too conservative,\" Jefferies told clients in a recent note, pointing out that its view incorporates just $1 trillion of the Biden plan.</p><p><blockquote>杰富瑞在最近的一份报告中告诉客户：“如果说有什么不同的话，那就是我们的预测可能过于保守。”他指出，其观点仅纳入了拜登计划的1万亿美元。</blockquote></p><p> Indeed, Goldman Sachs upgraded its 2021 GDP forecast to 6.8% earlier this week because the Wall Street bank now assumes additional fiscal relief of $1.5 trillion, up from $1.1 trillion previously. If Goldman's prediction comes true, it would be the fastest annual GDP growth for the United States since 1989,according to the St. Louis Fed.</p><p><blockquote>事实上，高盛本周早些时候将2021年GDP预期上调至6.8%，因为这家华尔街银行现在假设额外财政救助为1.5万亿美元，高于此前的1.1万亿美元。根据圣路易斯联储的数据，如果高盛的预测成真，这将是美国自1989年以来最快的年度GDP增长。</blockquote></p><p> The rosy GDP forecasts are well above what the Federal Reserve is calling for. In December, the Fed expected 2021 GDP growth of just 4.2% and said unemployment wouldn't slip below 4% until 2023.</p><p><blockquote>乐观的GDP预测远高于美联储的要求。去年12月，美联储预计2021年GDP增长仅为4.2%，并表示失业率要到2023年才会降至4%以下。</blockquote></p><p> <b>Double-dip recession averted</b></p><p><blockquote><b>避免了双底衰退</b></blockquote></p><p> The Fed tends to be conservative with its economic forecasts. And, crucially, the Fed forecast was released at a time when political dysfunction in DC was casting a shadow over the US economy.</p><p><blockquote>美联储对经济预测趋于保守。而且，至关重要的是，美联储的预测是在DC政治功能失调给美国经济蒙上阴影之际发布的。</blockquote></p><p> For months, Republicans and Democrats tried and failed to reach a deal on extending crucial unemployment and eviction benefits scheduled to lapse and providing more forgivable loans to small businesses. And then when a deal was finally reached, former President Donald Trump threatened to blow it up.</p><p><blockquote>几个月来，共和党和民主党试图就延长计划失效的关键失业和驱逐福利以及向小企业提供更多可原谅贷款达成协议，但未能达成协议。然后当最终达成协议时，前总统唐纳德·特朗普威胁要炸毁它。</blockquote></p><p> At the last minute, Trump signed the $900 billion relief package into law, averting economic disaster.</p><p><blockquote>在最后一刻，特朗普将9000亿美元的救助计划签署成为法律，避免了经济灾难。</blockquote></p><p> \"Without that, we would be in a double dip recession,\" said Zandi, the Moody's economist.</p><p><blockquote>穆迪经济学家赞迪表示：“如果没有这一点，我们将陷入双底衰退。”</blockquote></p><p> Slammed by the pandemic, the US economy limped to the end of 2020 and started this year slowly. In December, employers cut jobs in for the first time since the spring. And the United States&nbsp;added just 49,000 jobs in January.</p><p><blockquote>受疫情冲击，美国经济一瘸一拐地走到2020年底，今年开局缓慢。12月，雇主自春季以来首次裁员。美国1月份仅增加了49,000个就业岗位。</blockquote></p><p> Jobless claims remain alarmingly high. Another 793,000 Americans filed for first time unemployment benefits last week alone. For context, that is above the worst levels of the Great Recession.</p><p><blockquote>申请失业救济人数仍然高得惊人。仅上周就有793,000名美国人首次申请失业救济。就背景而言，这高于大衰退的最严重水平。</blockquote></p><p> <b>Vaccines to the rescue</b></p><p><blockquote><b>疫苗拯救生命</b></blockquote></p><p> But there are glimmers of hope on the pandemic. Although Covid deaths remain unthinkably high, hospitalizations and cases have retreated.</p><p><blockquote>但疫情仍有一线希望。尽管Covid死亡人数仍然高得难以想象，但住院人数和病例数已经下降。</blockquote></p><p> Critically, the rollout of coronavirus vaccines is accelerating. Out of a total of 66 million vaccines distributed, about 70% have been administered, according to Morgan Stanley.</p><p><blockquote>至关重要的是，冠状病毒疫苗的推出正在加速。据摩根士丹利称，在总共分发的6600万支疫苗中，约70%已经接种。</blockquote></p><p> And Dr. Anthony Fauci, the nation's top infectious disease expert,told NBC News Thursday&nbsp;that the United States may be able to vaccinate most Americans by the middle or end of summer.</p><p><blockquote>美国顶级传染病专家安东尼·福奇博士周四告诉NBC新闻，美国可能能够在夏季中期或结束前为大多数美国人接种疫苗。</blockquote></p><p></p><p> All of this has allowed states including California, New York and New Jersey to relax health restrictions crushing restaurants and other small businesses.</p><p><blockquote>所有这些使得包括加利福尼亚、纽约和新泽西在内的州放松了对餐馆和其他小企业的健康限制。</blockquote></p><p> That's not to say the pandemic is over. In fact,one risk is that new Covid-19 variants&nbsp;force US states and cities to once again tighten health restrictions.</p><p><blockquote>这并不是说疫情已经结束。事实上，一个风险是，新的Covid-19变种迫使美国各州和城市再次收紧健康限制。</blockquote></p><p> <b>Low-wage workers are still hurting badly</b></p><p><blockquote><b>低薪工人仍然受到严重伤害</b></blockquote></p><p> Against this backdrop, many economists are urging Washington to push ahead with plans for aggressive fiscal stimulus.</p><p><blockquote>在此背景下，许多经济学家敦促华盛顿推进激进的财政刺激计划。</blockquote></p><p> \"Foot flat on the accelerator, please,\" Zandi, the Moody's economist said. \"Policymaking 101 says err on the side of doing too much, rather than too little.\"</p><p><blockquote>穆迪经济学家赞迪表示：“请把脚平放在油门上。”“政策制定101说，错误在于做得太多，而不是做得太少。”</blockquote></p><p> Doing too little risks worsening America's inequality problem. That's because this recession, more than prior ones, disproportionately hurt low-income workers in hard-hit sectors such as restaurants, childcare and hospitality.</p><p><blockquote>做得太少可能会加剧美国的不平等问题。这是因为与之前的衰退相比，这次衰退对餐馆、儿童保育和酒店业等遭受重创行业的低收入工人造成了不成比例的伤害。</blockquote></p><p> Employment levels of low-wage workers (those making less than $27,000 per year) is still down more than 20%, according to the Opportunity Insights Economic tracker. By contrast, employment levels of those making more than $60,000 per year are above pre-crisis levels.</p><p><blockquote>根据Opportunity Insights经济跟踪系统的数据，低工资工人（年收入低于27,000美元的人）的就业水平仍下降了20%以上。相比之下，年收入超过6万美元的人的就业水平高于危机前的水平。</blockquote></p><p> \"Biden's team is unlikely to break out the champagne over reaching full employment if it isn't evident across income and racial groups,\" economists at Bank of America wrote in a report to clients.</p><p><blockquote>美国银行的经济学家在给客户的一份报告中写道：“如果收入和种族群体之间的充分就业情况不明显，拜登的团队就不太可能为实现充分就业而开香槟。”</blockquote></p><p> However, Danielle DiMartino Booth, a former Fed official who is now CEO of Quill Intelligence, worries the focus on providing income, instead of investing in infrastructure and reskilling workers, will make the country addicted to stimulus.</p><p><blockquote>然而，前美联储官员、现任Quill Intelligence首席执行官丹妮尔·迪马蒂诺·布斯(Danielle DiMartino Booth)担心，专注于提供收入，而不是投资基础设施和再培训工人，会让该国沉迷于刺激措施。</blockquote></p><p> \"The economy is going to turn into this dependent patient, always waiting for the next injection,\" Booth said.</p><p><blockquote>布斯说：“经济将变成这个依赖患者，总是等待下一次注射。”</blockquote></p><p> <b>'Bring it on'</b></p><p><blockquote><b>“来吧”</b></blockquote></p><p> Some economists, including former Treasury Secretary Larry Summers, have warned there is a risk that Washington&nbsp;overheats the economy by injecting too much support.</p><p><blockquote>包括前财政部长拉里·萨默斯在内的一些经济学家警告说，华盛顿注入过多支持可能会导致经济过热。</blockquote></p><p> \"You could have quite the inflation scare in the next few months that will test the bond market and the Fed,\" Booth said.</p><p><blockquote>布斯表示：“未来几个月可能会出现相当大的通胀恐慌，这将考验债券市场和美联储。”</blockquote></p><p> And that in turn would spook the&nbsp;red-hot stock market.</p><p><blockquote>这反过来又会惊动炙手可热的股市。</blockquote></p><p> Fed watchers are moving up their timelines for when the central bank will be able to end its emergency policies.</p><p><blockquote>美联储观察人士正在提前确定美联储何时能够结束紧急政策的时间表。</blockquote></p><p> Citing \"signs of a firmer inflation outlook,\" Goldman Sachs now expects the Fed to start \"tapering\" its asset purchases in early 2022 and to raise interest rates in the first half of 2024.</p><p><blockquote>高盛援引“通胀前景走强的迹象”，目前预计美联储将在2022年初开始“缩减”资产购买规模，并在2024年上半年加息。</blockquote></p><p> Zandi isn't losing sleep over inflation, mostly because the United States is far from full employment.</p><p><blockquote>赞迪并没有因为通货膨胀而失眠，主要是因为美国还远未实现充分就业。</blockquote></p><p> \"It's a vastly overstated worry,\" he said. \"Bring it on. Our biggest problem for more than a decade has been low inflation. Higher inflation would be a high-class problem to have.\"</p><p><blockquote>“这是一种被大大夸大的担忧，”他说。“来吧。十多年来，我们最大的问题一直是低通胀。更高的通胀将是一个高级问题。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/02/11/economy/economy-jobs-biden-stimulus/index.html\">CNN Business</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://edition.cnn.com/2021/02/11/economy/economy-jobs-biden-stimulus/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108705396","content_text":"New York (CNN Business) The Covid-ravaged American economy was on the verge of slipping into a double-dip recession at the end of 2020. The pandemic was intensifying,gridlock paralyzed Washington and millions of families were about to lose crucial benefits.\nFast forward two months, and the economy is still struggling-- but confidence in the recovery is growing, rapidly.\nEconomists are swiftly upgrading their GDP and unemployment forecasts and pulling forward the date when the Federal Reserve will be able to lift rock-bottom interest rates. Goldman Sachs is predicting the US economy will grow at the fastest clip in more than three decades.\nThe renewed optimism is being driven by two major factors: the health crisis is easing and Uncle Sam is coming to the rescue with staggering amounts of aid-- hundreds of billions more than seemed to be in the cards just months ago.\nAfter supplying $4 trillion of relief last year, Washington is expected to pump in another $2 trillion of deficit-financed support in 2021, according to Moody's Analytics. That represents more than a quarter of annual US GDP.\n\"That is a lot of economic juice,\" Mark Zandi, chief economist at Moody's Analytics, told CNN Business.\nThe turning point happened last month when Democrats took narrow control of the US Senate by sweeping the runoff races in Georgia. That opened a path for President Joe Biden's $1.9 trillion American Rescue Plan, which features $1,400 stimulus checks, enhanced unemployment benefits and a $350 billion lifeline to state and local governments.\n'Summer mini-boom'\nBefore the Georgia elections, Zandi didn't think the US economy would return to full employment (a strong labor market with 4% unemployment) until the spring or summer of 2023. Now, he expects that achievement to happen next spring, echoing a forecast by Treasury Secretary Janet Yellen.\n\"Super-charged fiscal policy\" means the argument for the US economy growing faster than its peers \"seems to get stronger day-by-day,\" economists at Bank of America wrote in a recent report to clients.\nOxford Economics chief US economist Gregory Daco is calling for a \"summer mini-boom\" in the United States and 5.9% GDP growth in 2021.\nLikewise, Jefferies economists say \"explosive income growth (courtesy of fiscal stimulus) is likely to propel US GDP 6.4% higher this year and nearly 5% next year.\"\n\"If anything, our forecast might be too conservative,\" Jefferies told clients in a recent note, pointing out that its view incorporates just $1 trillion of the Biden plan.\nIndeed, Goldman Sachs upgraded its 2021 GDP forecast to 6.8% earlier this week because the Wall Street bank now assumes additional fiscal relief of $1.5 trillion, up from $1.1 trillion previously. If Goldman's prediction comes true, it would be the fastest annual GDP growth for the United States since 1989,according to the St. Louis Fed.\nThe rosy GDP forecasts are well above what the Federal Reserve is calling for. In December, the Fed expected 2021 GDP growth of just 4.2% and said unemployment wouldn't slip below 4% until 2023.\nDouble-dip recession averted\nThe Fed tends to be conservative with its economic forecasts. And, crucially, the Fed forecast was released at a time when political dysfunction in DC was casting a shadow over the US economy.\nFor months, Republicans and Democrats tried and failed to reach a deal on extending crucial unemployment and eviction benefits scheduled to lapse and providing more forgivable loans to small businesses. And then when a deal was finally reached, former President Donald Trump threatened to blow it up.\nAt the last minute, Trump signed the $900 billion relief package into law, averting economic disaster.\n\"Without that, we would be in a double dip recession,\" said Zandi, the Moody's economist.\nSlammed by the pandemic, the US economy limped to the end of 2020 and started this year slowly. In December, employers cut jobs in for the first time since the spring. And the United States added just 49,000 jobs in January.\nJobless claims remain alarmingly high. Another 793,000 Americans filed for first time unemployment benefits last week alone. For context, that is above the worst levels of the Great Recession.\nVaccines to the rescue\nBut there are glimmers of hope on the pandemic. Although Covid deaths remain unthinkably high, hospitalizations and cases have retreated.\nCritically, the rollout of coronavirus vaccines is accelerating. Out of a total of 66 million vaccines distributed, about 70% have been administered, according to Morgan Stanley.\nAnd Dr. Anthony Fauci, the nation's top infectious disease expert,told NBC News Thursday that the United States may be able to vaccinate most Americans by the middle or end of summer.\nAll of this has allowed states including California, New York and New Jersey to relax health restrictions crushing restaurants and other small businesses.\nThat's not to say the pandemic is over. In fact,one risk is that new Covid-19 variants force US states and cities to once again tighten health restrictions.\nLow-wage workers are still hurting badly\nAgainst this backdrop, many economists are urging Washington to push ahead with plans for aggressive fiscal stimulus.\n\"Foot flat on the accelerator, please,\" Zandi, the Moody's economist said. \"Policymaking 101 says err on the side of doing too much, rather than too little.\"\nDoing too little risks worsening America's inequality problem. That's because this recession, more than prior ones, disproportionately hurt low-income workers in hard-hit sectors such as restaurants, childcare and hospitality.\nEmployment levels of low-wage workers (those making less than $27,000 per year) is still down more than 20%, according to the Opportunity Insights Economic tracker. By contrast, employment levels of those making more than $60,000 per year are above pre-crisis levels.\n\"Biden's team is unlikely to break out the champagne over reaching full employment if it isn't evident across income and racial groups,\" economists at Bank of America wrote in a report to clients.\nHowever, Danielle DiMartino Booth, a former Fed official who is now CEO of Quill Intelligence, worries the focus on providing income, instead of investing in infrastructure and reskilling workers, will make the country addicted to stimulus.\n\"The economy is going to turn into this dependent patient, always waiting for the next injection,\" Booth said.\n'Bring it on'\nSome economists, including former Treasury Secretary Larry Summers, have warned there is a risk that Washington overheats the economy by injecting too much support.\n\"You could have quite the inflation scare in the next few months that will test the bond market and the Fed,\" Booth said.\nAnd that in turn would spook the red-hot stock market.\nFed watchers are moving up their timelines for when the central bank will be able to end its emergency policies.\nCiting \"signs of a firmer inflation outlook,\" Goldman Sachs now expects the Fed to start \"tapering\" its asset purchases in early 2022 and to raise interest rates in the first half of 2024.\nZandi isn't losing sleep over inflation, mostly because the United States is far from full employment.\n\"It's a vastly overstated worry,\" he said. \"Bring it on. Our biggest problem for more than a decade has been low inflation. Higher inflation would be a high-class problem to have.\"","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":641,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":386793869,"gmtCreate":1613269734051,"gmtModify":1634554062723,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/386793869","repostId":"2111071504","repostType":2,"isVote":1,"tweetType":1,"viewCount":624,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":388143003,"gmtCreate":1613040428202,"gmtModify":1703768662193,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Wow!","listText":"Wow!","text":"Wow!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/388143003","repostId":"2110204192","repostType":4,"isVote":1,"tweetType":1,"viewCount":457,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":381684692,"gmtCreate":1612962519416,"gmtModify":1703767525404,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/381684692","repostId":"1186964240","repostType":4,"isVote":1,"tweetType":1,"viewCount":256,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":363431213,"gmtCreate":1614162040232,"gmtModify":1634550936356,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Wow! Like and comment plz! 🚀🚀🚀","listText":"Wow! Like and comment plz! 🚀🚀🚀","text":"Wow! Like and comment plz! 🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/363431213","repostId":"1109259264","repostType":4,"isVote":1,"tweetType":1,"viewCount":1700,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324219715,"gmtCreate":1615994015037,"gmtModify":1703496157857,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Nice. Comment thanks!","listText":"Nice. Comment thanks!","text":"Nice. Comment thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/324219715","repostId":"1102193342","repostType":4,"isVote":1,"tweetType":1,"viewCount":1355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322277435,"gmtCreate":1615814681927,"gmtModify":1703493406616,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Wow! Like n comment plz!&nbsp;🚀🚀🚀","listText":"Wow! Like n comment plz!&nbsp;🚀🚀🚀","text":"Wow! Like n comment plz! 🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/322277435","repostId":"1192178550","repostType":4,"repost":{"id":"1192178550","kind":"news","pubTimestamp":1615814052,"share":"https://www.laohu8.com/m/news/1192178550?lang=zh_CN&edition=full","pubTime":"2021-03-15 21:14","market":"us","language":"en","title":"Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192178550","media":"Investors","summary":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pr","content":"<p>GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021<b>General Motors</b>' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.</p><p><blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望<b>通用汽车</b>由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote></p><p> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.</p><p><blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote></p><p> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.</p><p><blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote></p><p> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?</p><p><blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote></p><p> <b>GM Stock Priced Like An Underdog</b></p><p><blockquote><b>通用汽车股票定价像失败者</b></blockquote></p><p> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.</p><p><blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote></p><p> As of March 9, GM stock had a market cap of $85billion compared to $666 billion for<b>Tesla</b>(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.</p><p><blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元<b>特斯拉</b>(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote></p><p> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.</p><p><blockquote>然而，通用汽车销售的大部分是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote></p><p> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.</p><p><blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增长，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote></p><p> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,<b>Toyota</b>(TM) and EV battery startup<b>QuantumScape</b>(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.</p><p><blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，<b>丰田</b>（TM）和电动汽车电池启动<b>量子景观</b>(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote></p><p> <b>Apple</b>(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.</p><p><blockquote><b>苹果</b>(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote></p><p> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.</p><p><blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote></p><p> <b>EV Transition</b></p><p><blockquote><b>电动汽车转型</b></blockquote></p><p> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.</p><p><blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote></p><p> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.</p><p><blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。其中可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote></p><p> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.</p><p><blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote></p><p> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.</p><p><blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote></p><p> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.</p><p><blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote></p><p> <b>GM Stock Chart Technical Analysis</b></p><p><blockquote><b>通用汽车股票图表技术分析</b></blockquote></p><p> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.</p><p><blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote></p><p> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.</p><p><blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote></p><p></p><p> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.</p><p><blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote></p><p> Meanwhile, momentum continued amid news on Jan. 19 that<b>Microsoft</b>(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.</p><p><blockquote>与此同时，1月19日有消息称，势头仍在继续<b>微软</b>（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote></p><p> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.</p><p><blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote></p><p> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.</p><p><blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote></p><p> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.</p><p><blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote></p><p> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.</p><p><blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote></p><p> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.</p><p><blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote></p><p> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.</p><p><blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\"><b>General Motors Earnings And Sales Trends</b></p><p><blockquote><b>通用汽车盈利和销售趋势</b></blockquote></p><p> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.</p><p><blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote></p><p> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.</p><p><blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote></p><p> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.</p><p><blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote></p><p> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.</p><p><blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote></p><p> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.</p><p><blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote></p><p> <b>Brightdrop</b></p><p><blockquote><b>Brightdrop</b></blockquote></p><p> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go to<b>FedEx</b>(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.</p><p><blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往<b>联邦快递</b>（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote></p><p> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.</p><p><blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote></p><p> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.</p><p><blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote></p><p> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.</p><p><blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote></p><p> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.</p><p><blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote></p><p> <b>Ford</b>(F) will also have an electric version of its popular Transit van out in late 2021.<b>Workhorse Group</b>(WKHS) and Rivian are EV delivery van plays too.</p><p><blockquote><b>福特</b>(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。<b>主力集团</b>(WKHS)和Rivian也是电动送货车公司。</blockquote></p><p> <b>GM's 'Stable Of Unicorns'</b></p><p><blockquote><b>通用汽车的“独角兽稳定”</b></blockquote></p><p> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"</p><p><blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote></p><p> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.</p><p><blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote></p><p> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal with<b>Honda Motor</b>(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.</p><p><blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与<b>本田汽车</b>(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote></p><p> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.</p><p><blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote></p><p> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).</p><p><blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote></p><p> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.</p><p><blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote></p><p></p><p> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal with<b>Navistar</b>(NAV) to supply fuel cells for long-haul trucks. Trucking firm<b>J.B. Hunt</b>(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.</p><p><blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与<b>Navistar</b>（NAV）为长途卡车供应燃料电池。货运公司<b>J.B.追捕</b>(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote></p><p> That followed GM's scaled-back deal to supply fuel cells to<b>Nikola</b>(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.</p><p><blockquote>此前，通用汽车缩减了向<b>尼古拉</b>（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote></p><p> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.</p><p><blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote></p><p> <b>Hummer EV Buzz</b></p><p><blockquote><b>悍马EV嗡嗡声</b></blockquote></p><p> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.</p><p><blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote></p><p> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks from<b>Ford</b>(F) and<b>Amazon</b>(AMZN)-backed Rivian.</p><p><blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争<b>福特</b>(F)及<b>亚马逊</b>（AMZN）支持的Rivian。</blockquote></p><p> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.</p><p><blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote></p><p> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.</p><p><blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote></p><p> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.</p><p><blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote></p><p> <b>General Motors' Ultium Battery Future</b></p><p><blockquote><b>通用汽车Ultium电池的未来</b></blockquote></p><p> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.</p><p><blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote></p><p> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.</p><p><blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote></p><p> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.</p><p><blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote></p><p> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.</p><p><blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote></p><p> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"</p><p><blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote></p><p> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.</p><p><blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote></p><p> <b>GM Cruise Vs. Tesla And Alphabet Waymo</b></p><p><blockquote><b>通用Cruise与特斯拉和Alphabet Waymo</b></blockquote></p><p> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.</p><p><blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote></p><p> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.</p><p><blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote></p><p> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.</p><p><blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote></p><p> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.</p><p><blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote></p><p> On Nov. 10,<b>Walmart</b>(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.</p><p><blockquote>11月10日，<b>沃尔玛</b>(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote></p><p> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.</p><p><blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote></p><p> Apple,<b>Alphabet</b>(GOOGL)-unit Waymo,&nbsp;<b>Uber</b>(UBER),<b>Ford</b>(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.</p><p><blockquote>苹果,<b>Alphabet</b>（GOOGL）-Waymo部门，<b>优步</b>（优步），<b>福特</b>(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote></p><p> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.</p><p><blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote></p><p></p><p> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.</p><p><blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote></p><p> <b>Is GM Stock A Buy?</b></p><p><blockquote><b>通用汽车股票值得买入吗？</b></blockquote></p><p> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.</p><p><blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote></p><p> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.</p><p><blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote></p><p> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.</p><p><blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote></p><p> <b>Bottom line:</b>GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.</p><p><blockquote><b>底线：</b>通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote></p><p></p>","source":"lsy1610449120050","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>Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</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\">\nIs GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Investors</strong><span class=\"h-time small\">2021-03-15 21:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p>GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021<b>General Motors</b>' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.</p><p><blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望<b>通用汽车</b>由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote></p><p> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.</p><p><blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote></p><p> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.</p><p><blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote></p><p> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?</p><p><blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote></p><p> <b>GM Stock Priced Like An Underdog</b></p><p><blockquote><b>通用汽车股票定价像失败者</b></blockquote></p><p> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.</p><p><blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote></p><p> As of March 9, GM stock had a market cap of $85billion compared to $666 billion for<b>Tesla</b>(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.</p><p><blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元<b>特斯拉</b>(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote></p><p> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.</p><p><blockquote>然而，通用汽车销售的大部分是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote></p><p> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.</p><p><blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增长，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote></p><p> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,<b>Toyota</b>(TM) and EV battery startup<b>QuantumScape</b>(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.</p><p><blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，<b>丰田</b>（TM）和电动汽车电池启动<b>量子景观</b>(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote></p><p> <b>Apple</b>(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.</p><p><blockquote><b>苹果</b>(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote></p><p> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.</p><p><blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote></p><p> <b>EV Transition</b></p><p><blockquote><b>电动汽车转型</b></blockquote></p><p> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.</p><p><blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote></p><p> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.</p><p><blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。其中可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote></p><p> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.</p><p><blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote></p><p> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.</p><p><blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote></p><p> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.</p><p><blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote></p><p> <b>GM Stock Chart Technical Analysis</b></p><p><blockquote><b>通用汽车股票图表技术分析</b></blockquote></p><p> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.</p><p><blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote></p><p> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.</p><p><blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote></p><p></p><p> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.</p><p><blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote></p><p> Meanwhile, momentum continued amid news on Jan. 19 that<b>Microsoft</b>(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.</p><p><blockquote>与此同时，1月19日有消息称，势头仍在继续<b>微软</b>（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote></p><p> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.</p><p><blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote></p><p> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.</p><p><blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote></p><p> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.</p><p><blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote></p><p> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.</p><p><blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote></p><p> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.</p><p><blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote></p><p> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.</p><p><blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\"><b>General Motors Earnings And Sales Trends</b></p><p><blockquote><b>通用汽车盈利和销售趋势</b></blockquote></p><p> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.</p><p><blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote></p><p> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.</p><p><blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote></p><p> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.</p><p><blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote></p><p> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.</p><p><blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote></p><p> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.</p><p><blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote></p><p> <b>Brightdrop</b></p><p><blockquote><b>Brightdrop</b></blockquote></p><p> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go to<b>FedEx</b>(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.</p><p><blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往<b>联邦快递</b>（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote></p><p> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.</p><p><blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote></p><p> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.</p><p><blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote></p><p> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.</p><p><blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote></p><p> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.</p><p><blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote></p><p> <b>Ford</b>(F) will also have an electric version of its popular Transit van out in late 2021.<b>Workhorse Group</b>(WKHS) and Rivian are EV delivery van plays too.</p><p><blockquote><b>福特</b>(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。<b>主力集团</b>(WKHS)和Rivian也是电动送货车公司。</blockquote></p><p> <b>GM's 'Stable Of Unicorns'</b></p><p><blockquote><b>通用汽车的“独角兽稳定”</b></blockquote></p><p> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"</p><p><blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote></p><p> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.</p><p><blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote></p><p> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal with<b>Honda Motor</b>(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.</p><p><blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与<b>本田汽车</b>(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote></p><p> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.</p><p><blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote></p><p> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).</p><p><blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote></p><p> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.</p><p><blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote></p><p></p><p> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal with<b>Navistar</b>(NAV) to supply fuel cells for long-haul trucks. Trucking firm<b>J.B. Hunt</b>(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.</p><p><blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与<b>Navistar</b>（NAV）为长途卡车供应燃料电池。货运公司<b>J.B.追捕</b>(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote></p><p> That followed GM's scaled-back deal to supply fuel cells to<b>Nikola</b>(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.</p><p><blockquote>此前，通用汽车缩减了向<b>尼古拉</b>（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote></p><p> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.</p><p><blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote></p><p> <b>Hummer EV Buzz</b></p><p><blockquote><b>悍马EV嗡嗡声</b></blockquote></p><p> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.</p><p><blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote></p><p> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks from<b>Ford</b>(F) and<b>Amazon</b>(AMZN)-backed Rivian.</p><p><blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争<b>福特</b>(F)及<b>亚马逊</b>（AMZN）支持的Rivian。</blockquote></p><p> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.</p><p><blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote></p><p> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.</p><p><blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote></p><p> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.</p><p><blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote></p><p> <b>General Motors' Ultium Battery Future</b></p><p><blockquote><b>通用汽车Ultium电池的未来</b></blockquote></p><p> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.</p><p><blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote></p><p> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.</p><p><blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote></p><p> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.</p><p><blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote></p><p> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.</p><p><blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote></p><p> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"</p><p><blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote></p><p> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.</p><p><blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote></p><p> <b>GM Cruise Vs. Tesla And Alphabet Waymo</b></p><p><blockquote><b>通用Cruise与特斯拉和Alphabet Waymo</b></blockquote></p><p> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.</p><p><blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote></p><p> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.</p><p><blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote></p><p> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.</p><p><blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote></p><p> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.</p><p><blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote></p><p> On Nov. 10,<b>Walmart</b>(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.</p><p><blockquote>11月10日，<b>沃尔玛</b>(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote></p><p> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.</p><p><blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote></p><p> Apple,<b>Alphabet</b>(GOOGL)-unit Waymo,&nbsp;<b>Uber</b>(UBER),<b>Ford</b>(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.</p><p><blockquote>苹果,<b>Alphabet</b>（GOOGL）-Waymo部门，<b>优步</b>（优步），<b>福特</b>(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote></p><p> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.</p><p><blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote></p><p></p><p> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.</p><p><blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote></p><p> <b>Is GM Stock A Buy?</b></p><p><blockquote><b>通用汽车股票值得买入吗？</b></blockquote></p><p> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.</p><p><blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote></p><p> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.</p><p><blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote></p><p> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.</p><p><blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote></p><p> <b>Bottom line:</b>GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.</p><p><blockquote><b>底线：</b>通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.investors.com/research/gm-stock-buy-now/\">Investors</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":{"GM":"通用汽车"},"source_url":"https://www.investors.com/research/gm-stock-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192178550","content_text":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.\nMeanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.\nGM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.\nMore van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed —  and begin taking reservations. So is now a good time to buy GM stock?\nGM Stock Priced Like An Underdog\nGM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.\nAs of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.\nYet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.\nThat blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.\nGM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.\nApple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.\nIt's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.\nEV Transition\nOn Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.\nGM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.\nBarra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.\nBarra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.\n\"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.\nGM Stock Chart Technical Analysis\nGM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.\nShares subsequently pulled back on its dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.\nOn Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.\nMeanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's Cruise autonomous vehicle unit.\nGM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.\nWhile GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.\nOn March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.\nHowever, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.\nAs of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.\nTherelative strength line, which shows how GM stock performs vs. the S&P 500 index, is back to a two-plus year high.\nGeneral Motors Earnings And Sales Trends\nAfter a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.\nThen, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.\nSales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.\nMeanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.\nGM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.\nBrightdrop\nBrightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.\nGM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.\nGM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.\nThe timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.\nSubsequently, Merchants Fleet announced an order for 12,600 EV600 vans.\nFord(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.\nGM's 'Stable Of Unicorns'\nEven before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"\nIn a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.\nGM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.\nGM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.\nHe also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).\nHe derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.\nJonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.\nThat followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.\nIn June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.\nHummer EV Buzz\nGM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.\nThe Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.\nThe Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.\nPrices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.\nGM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.\nGeneral Motors' Ultium Battery Future\nGM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.\nThe Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.\nThe first generation of GM's coming EV lineup \"will be profitable,\" the company said. Since then, GM has detailed a much more complete vision of its EV future.\nIn September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.\nUltium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"\nNow GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.\nGM Cruise Vs. Tesla And Alphabet Waymo\nOn Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.\nThe investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.\nIn November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.\nCruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.\nOn Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.\nIn January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.\nApple,Alphabet(GOOGL)-unit Waymo, Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.\nGM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.\nTesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.\nIs GM Stock A Buy?\nThe technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.\nStill, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.\nInvestors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.\nBottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.","news_type":1,"symbols_score_info":{"GM":0.9}},"isVote":1,"tweetType":1,"viewCount":1405,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369091048,"gmtCreate":1613986191284,"gmtModify":1634551657438,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"🚀🚀🚀 like and comment plz","listText":"🚀🚀🚀 like and comment plz","text":"🚀🚀🚀 like and comment plz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/369091048","repostId":"1152031988","repostType":4,"repost":{"id":"1152031988","kind":"news","pubTimestamp":1613985392,"share":"https://www.laohu8.com/m/news/1152031988?lang=zh_CN&edition=full","pubTime":"2021-02-22 17:16","market":"us","language":"en","title":"The Hopes That Rose and Fell With GameStop<blockquote>与游戏驿站一起兴衰的希望</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1152031988","media":"The New York Times","summary":"Fueled by amateur traders and online enthusiasm, the struggling retailer’s shares took investors on ","content":"<p>Fueled by amateur traders and online enthusiasm, the struggling retailer’s shares took investors on a ride like no other. For them, it ended in different ways, including apathy, defiance and regret.</p><p><blockquote>在业余交易者和在线热情的推动下，这家陷入困境的零售商的股票给投资者带来了前所未有的上涨。对他们来说，它以不同的方式结束，包括冷漠、蔑视和遗憾。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b3ae93ef5e461f7efc81eddb3dd867d2\" tg-width=\"2048\" tg-height=\"1366\" referrerpolicy=\"no-referrer\"><span>Jacob Chalfant, a high school senior from Westfield, N.J., is still holding the shares he bought for $1,035. On Friday, they were worth $220.Credit...Bryan Anselm for The New York Times</span></p><p><blockquote><p class=\"t-img-caption\"><span>来自新泽西州韦斯特菲尔德的高中毕业生雅各布·查尔方特（Jacob Chalfant）仍持有他以1035美元购买的股票。周五，它们价值220美元。归功于《纽约时报》的布莱恩·安瑟姆</span></p></blockquote></p><p>Some wanted to be on the front lines of a revolution. Some wanted to be rich. And by the end of a wild two-week ride where fortunes were made and lost, some just hoped they’d be able to pay their rent.</p><p><blockquote>有些人想站在革命的前线。有些人想变得富有。在为期两周的疯狂旅程结束时，一些人只是希望他们能够支付房租。</blockquote></p><p>Winners and losers are made every day on Wall Street. And for a while, the unlikely trading boom around the stock of the beleaguered video game retailerGameStopput the little guy on top. Breathtaking fortunes appeared overnight.</p><p><blockquote>华尔街每天都有赢家和输家。有一段时间，围绕陷入困境的视频游戏零售商GameStop的股票出现了不太可能的交易热潮，让这个小人物登上了顶峰。惊人的财富一夜之间出现了。</blockquote></p><p>But they disappeared almost as quickly.</p><p><blockquote>但他们几乎同样迅速地消失了。</blockquote></p><p>At its highest point,GameStop’s&nbsp;share price was $483. On Friday, the stock was worth $40.59. The trading frenzy — powered by online hype over a rebellion against traditional Wall Street powers — had created, and then&nbsp;destroyed, roughly $30 billion in on-paper wealth.</p><p><blockquote>最高点时，游戏驿站股价为483美元。周五，该股价值40.59美元。这场交易狂潮——由网上对反抗传统华尔街权力的炒作推动——创造并摧毁了大约300亿美元的账面财富。</blockquote></p><p>Many small-time investors who got caught up in the mania as it peaked lost big. Timing a trade perfectly is nearly impossible even for the best stock pickers, so even those who made money missed out on far greater riches if they didn’t sell at the rally’s peak.</p><p><blockquote>许多在狂热达到顶峰时陷入狂热的小投资者损失惨重。即使对于最好的选股者来说，完美地把握交易时机也几乎是不可能的，因此即使是那些赚钱的人，如果没有在反弹的顶峰卖出，也会错过更大的财富。</blockquote></p><p>Whether they set out to make a mint or make a point, these&nbsp;traders rode the GameStop wave&nbsp;up — and down.</p><p><blockquote>无论他们是为了赚钱还是为了表明自己的观点，这些交易者都在游戏驿站浪潮中上下波动。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f991998f6a7c1cae38b84edd05dacc3\" tg-width=\"820\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Shawn Daumer, 19, near his office in Crown Point, Ind. He said he sold his GameStop shares last week and walked away with more than $65,000 in profit.Credit...Evan Jenkins for The New York Times</span></p><p><blockquote><p class=\"t-img-caption\"><span>19岁的肖恩·道默(Shawn Daumer)在印第安纳州皇冠点的办公室附近。他表示，他上周出售了游戏驿站股票，并获得了超过65,000美元的利润。图片来源：Evan Jenkins，纽约时报</span></p></blockquote></p><p><b>Money on the Table</b></p><p><blockquote><b>桌上的钱</b></blockquote></p><p>What do you do when you’re 19 and suddenly holding a quarter-million dollars in stock? Shawn Daumer went to Hooters.</p><p><blockquote>当你19岁突然持有25万美元的股票时，你会怎么做？肖恩·道默去了猫头鹰餐厅。</blockquote></p><p>Armed with money partly from high school graduation gifts and winnings from trades on stocks like Tesla, Mr. Daumer had spent about $47,000on shares of GameStop the week before it went through the roof.</p><p><blockquote>道默带着部分来自高中毕业礼物和特斯拉等股票交易的奖金，在游戏驿站股价飙升前一周，他花了约47,000美元购买了该股。</blockquote></p><p>It was Jan. 26 — just two days into&nbsp;GameStop’s big week— when he and his brother hit up Hooters, scarfed down 30 wings and got 10 more to go. Two days later, GameStop hit its intraday peak of $483 and Mr. Daumer, a real estate broker in Valparaiso, Ind., was holding 1,233 shares. He was up more than a half-million dollars on his initial investment.</p><p><blockquote>那是1月26日——就在游戏驿站重要一周的两天——他和他的兄弟去了猫头鹰餐厅，狼吞虎咽地吃了30个鸡翅，还剩下10个。两天后，游戏驿站触及483美元的盘中高点，印第安纳州Valparaiso的房地产经纪人Daumer先生持有1233股。他的初始投资增加了50多万美元。</blockquote></p><p>Mr. Daumer traced his interest in GameStop to the same place many others did: Reddit’s WallStreetBets forum, where armchair traders gather for raunchy jokes, tales of success and even to brag about enormous losses.</p><p><blockquote>道默先生将他对游戏驿站的兴趣追溯到许多其他人所做的同一个地方：Reddit的WallStreetBets论坛，纸上谈兵的交易者聚集在这里，分享淫秽笑话、成功故事，甚至吹嘘巨大的损失。</blockquote></p><p><b>Understand What Happened With GameStop</b></p><p><blockquote><b>了解游戏驿站发生了什么</b></blockquote></p><p><ul><li>Shares in GameStop, the video retailer,have crashed&nbsp;from their January highs, which were driven by memes on social media.</li><li>Amateur traders&nbsp;egging on one another on Redditbet heavily on shares of the company&nbsp;in January, sending the price up more than 1,700 percent at one point.</li><li>The wave was in part aimed athurting large hedge funds&nbsp;that had been&nbsp;short selling&nbsp;— betting against —&nbsp;GameStop stock. Some of those fundsexperienced huge losses&nbsp;as a result.</li><li>But many of the individual investors who pumped up the stock could lose huge amounts of money, too. Somebelieve the price will go back up&nbsp;and are refusing to sell, even as the share price has collapsed.</li><li>Now, regulators are looking into&nbsp;how the rally started&nbsp;and whethernew rules&nbsp;should be created because of it.</li></ul>“Really the biggest part is once you see everybody buying shares day after day, and seeing it live on your own screen, and watching it go up,” Mr. Daumer said in the midst of GameStop’s surge. “It’s follow the trend, you know? If that’s the trend, follow it and it makes you money.”</p><p><blockquote><ul><li>在社交媒体上的表情包推动下，视频零售商游戏驿站的股价已从一月份的高点暴跌。</li><li>1月份，业余交易者在Redditbet上互相怂恿，大量买入该公司股票，导致股价一度上涨超过1700%。</li><li>这波浪潮的部分目的是打击一直在卖空（做空）游戏驿站股票的大型对冲基金。其中一些基金因此遭受了巨大损失。</li><li>但许多推高该股的个人投资者也可能损失巨额资金。有些人相信价格会回升，并拒绝出售，即使股价已经暴跌。</li><li>现在，监管机构正在调查反弹是如何开始的，以及是否应该因此制定新规则。</li></ul>“实际上，最重要的部分是一旦你看到每个人日复一日地购买股票，并在你自己的屏幕上看到它的直播，并看着它上涨，”道默先生在游戏驿站的飙升中说道。“这就是跟随趋势，你知道吗？如果这是趋势，跟随它，它会让你赚钱。”</blockquote></p><p>But GameStop’s stock abruptly turned down when the trading app Robinhood and other brokerage firms announced a slew of restrictions on the trading of a handful of stocks that had been spiking. Mr. Daumer had about $200,000 in potential profits evaporate almost immediately.</p><p><blockquote>但当交易应用程序Robinhood和其他经纪公司宣布对少数飙升股票的交易实施一系列限制时，游戏驿站的股价突然下跌。道默先生大约20万美元的潜在利润几乎立即蒸发。</blockquote></p><p>“I’m still up 500 percent,” he said at the time. “I’m OK.” Besides, Mr. Daumer and his fellow Redditors believed GameStop would soar once more: “We’re going to $1,000,” he said.</p><p><blockquote>“我仍然上涨了500%，”他当时说道。“我没事。”此外，Daumer先生和他的Reddit用户同事相信游戏驿站将再次飙升：“我们将达到1,000美元，”他说。</blockquote></p><p>They never came close.</p><p><blockquote>他们从未接近过。</blockquote></p><p>Last week,as the stock plunged&nbsp;72 percent in two days, he’d had enough. Mr. Daumer put in an order to sell on Tuesday afternoon, and the order was filled Wednesday morning at a price of $91.22.</p><p><blockquote>上周，当该股在两天内暴跌72%时，他已经受够了。Daumer先生在周二下午下了卖出订单，该订单于周三上午以91.22美元的价格被执行。</blockquote></p><p>He walked away with more than $65,000 in profit, more than doubling his investment.</p><p><blockquote>他带走了超过65,000美元的利润，是他投资的两倍多。</blockquote></p><p></p><p>Not everyone was so lucky.</p><p><blockquote>不是每个人都这么幸运。</blockquote></p><p><b>A Rude Awakening</b></p><p><blockquote><b>猛然醒悟</b></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d56965a819f901d26e04fec085eed4a0\" tg-width=\"2048\" tg-height=\"1365\" referrerpolicy=\"no-referrer\"><span>Nora Samir held her GameStop shares too long and lost more than half of what she invested.Credit...David Maurice Smith for The New York Times</span></p><p><blockquote><p class=\"t-img-caption\"><span>Nora Samir持有游戏驿站股票时间过长，损失了一半以上的投资。图片来源：David Maurice Smith，《纽约时报》</span></p></blockquote></p><p>It seemed like a dream to Nora Samir.</p><p><blockquote>对诺拉·萨米尔来说，这就像一场梦。</blockquote></p><p>She woke up in the middle of the night of Jan. 27 at her home in Sydney. On the other side of the world, GameStop was soaring.</p><p><blockquote>1月27日半夜，她在悉尼的家中醒来。在地球的另一边，游戏驿站正在腾飞。</blockquote></p><p>The $735 she’d put in the day before had doubled. She raced downstairs to tell her mother, who was sleeping.</p><p><blockquote>她前一天投入的735美元已经翻了一番。她跑下楼去告诉正在睡觉的母亲。</blockquote></p><p>“Nora, don’t be greedy,” her mother warned. “You need to take it out.”</p><p><blockquote>“诺拉，不要贪心，”她妈妈警告说。“你得把它拿出来。”</blockquote></p><p>But Ms. Samir, 24, a child-health researcher at the University of New South Wales and a stock market neophyte,</p><p><blockquote>但24岁的萨米尔是新南威尔士大学的儿童健康研究员，也是股市新手，</blockquote></p><p>didn’t sell — she bought.</p><p><blockquote>没卖，她买了。</blockquote></p><p>After investing about $800 more, she owned just over nine shares of GameStop. She later plowed $1,800 into BlackBerry, the cellphone maker that once dominated mobile email and hadbeen swept up in the frenzy.</p><p><blockquote>在又投资了约800美元后，她拥有了9股多一点的游戏驿站股票。后来，她向黑莓投入了1,800美元，这家手机制造商曾经在移动电子邮件领域占据主导地位，并在狂热中被席卷。</blockquote></p><p>“I was on a high,” she admitted. “When the stock is going up, you don’t think of how low it can go.”</p><p><blockquote>“我当时很兴奋，”她承认。“当股票上涨时，你不会考虑它能跌到多低。”</blockquote></p><p>The high didn’t last long — and the fall was made worse when her trading app crashed, leaving her with little choice but to hold on while GameStop shares plunged.</p><p><blockquote>高潮并没有持续多久，当她的交易应用程序崩溃时，跌势变得更糟，让她别无选择，只能在游戏驿站股价暴跌时坚持下去。</blockquote></p><p>She managed to sell one share on the way down, for $134. The shares she still owned on Friday were worth $528. She’s lost more than half what she put into GameStop.</p><p><blockquote>她设法在下跌过程中以134美元的价格出售了一股股票。周五她仍持有的股票价值528美元。她在游戏驿站投入的资金已经损失了一半以上。</blockquote></p><p>The lesson, Ms. Samir said: “Don’t be greedy.”</p><p><blockquote>萨米尔女士的教训是：“不要贪婪。”</blockquote></p><p><b>You Only Live Once</b></p><p><blockquote><b>你只能活一次</b></blockquote></p><p>Jacob Chalfant, a high school senior from Westfield, N.J., enjoyed how his “diamond hands” were putting the squeeze on Wall Street’s hedge funds.</p><p><blockquote>来自新泽西州韦斯特菲尔德的高中生雅各布·查尔方特（Jacob Chalfant）很享受他的“钻石手”如何挤压华尔街的对冲基金。</blockquote></p><p>A poster on WallStreetBets since he was 15, Mr. Chalfant, now 18, relished the GameStop rally for the pressure it put on firms like Melvin Capital, which had bet that GameStop’s shares would fall.</p><p><blockquote>现年18岁的查尔凡特从15岁起就在WallStreetBets上发帖，他很喜欢游戏驿站的上涨，因为它给Melvin Capital等公司带来了压力，Melvin Capital曾押注游戏驿站股价将下跌。</blockquote></p><p>In the parlance of Reddit, Mr. Chalfant’s diamond-hard hands won’t fold, unlike the “paper hands” of sellers. He’s still holding the shares he bought for $1,035 — about a month’s wages from his job at a pizza shop and his freelance photography business — when GameStop was trading at $290. On Friday, his investment was worth $220.</p><p><blockquote>用Reddit的话说，Chalfant先生钻石般坚硬的手不会折叠，不像卖家的“纸手”。他仍然持有他以1,035美元购买的股票——大约是他在披萨店工作和自由摄影业务一个月的工资——当时游戏驿站的交易价格为290美元。周五，他的投资价值220美元。</blockquote></p><p>“I’ve come to terms with the fact that I’ve already lost the money,” he said. “Realistically, the stock is not going to go where it was before.”</p><p><blockquote>“我已经接受了我已经损失了钱的事实，”他说。“实际上，该股不会回到以前的水平。”</blockquote></p><p>But the losses are an investment, too, Mr. Chalfant said. They’ve earned him “internet points” on WallStreetBets. “If you’re saying, ‘I’m still holding,’ you have more clout than if you didn’t,” he said.</p><p><blockquote>但查尔方特表示，损失也是一项投资。他们在WallStreetBets上为他赢得了“互联网积分”。“如果你说‘我仍然持有’，你就比不持有更有影响力，”他说。</blockquote></p><p>(Many on the WallStreetBets forum insist that GameStop’s shares may surge again. On the other hand, another Reddit forum opened last week where users share tales of losses from trading the stock whose ticker symbol is GME: GMEbagholdersclub.)</p><p><blockquote>（WallStreetBets论坛上的许多人坚持认为游戏驿站的股价可能会再次飙升。另一方面，另一个Reddit论坛上周开放，用户在该论坛上分享了交易股票代码为GME：GMEbagholdersclub的亏损故事。）</blockquote></p><p>Mr. Chalfant said he and other teenage traders enjoy the gamification of the investing, and many of his friends had gotten in on GameStop just because they thought it was funny, not to make money.</p><p><blockquote>查尔凡特表示，他和其他青少年交易者喜欢投资的游戏化，他的许多朋友加入游戏驿站只是因为他们认为这很有趣，而不是为了赚钱。</blockquote></p><p>“We’re living in a system where there’s no such thing as justice anymore and the entire world is falling apart,” Mr. Chalfant said. “Nothing really matters, so we might as well try to have fun while we’re here.”</p><p><blockquote>“我们生活在一个不再有正义的体系中，整个世界正在分崩离析，”查尔方特先生说。“什么都不重要，所以我们还是在这里玩得开心点吧。”</blockquote></p><p><b>Collateral Damage</b></p><p><blockquote><b>附带损害</b></blockquote></p><p>Terrell Jones didn’t need to invest in GameStop to lose money off the frenzy.</p><p><blockquote>Terrell Jones不需要投资游戏驿站就能在狂热中赔钱。</blockquote></p><p>Mr. Jones, a college student from Kenosha, Wis., bought $300 in shares of AMC, the movie theater chain whose stock was also swept up in the attempt to squeeze the short sellers who profit as stocks decline.</p><p><blockquote>琼斯是威斯康星州基诺沙市的一名大学生，他以300美元的价格购买了连锁影院AMC的股票，该公司的股票也遭到了抛售，试图挤压那些在股价下跌时获利的卖空者。</blockquote></p><p>“I just got caught up in the social media hype and just dove right into it,” he said. “I fell for it.”</p><p><blockquote>“我刚刚被社交媒体的炒作所吸引，并一头扎进去，”他说。“我上当了。”</blockquote></p><p>When AMC started to fall and he had lost $112, Mr. Jones, 24, panicked.</p><p><blockquote>当AMC开始下跌，他损失了112美元时，24岁的琼斯先生惊慌失措。</blockquote></p><p>“I just had to get out of there as soon as possible,” he said. “It’s a lot of money, we’re in the middle of a pandemic and I have rent that needs to be paid.”</p><p><blockquote>“我只是必须尽快离开那里，”他说。“这是一大笔钱，我们正处于大流行之中，我有房租需要支付。”</blockquote></p><p>Mr. Jones, 24, had never invested in the stock market before. Now, though, he feels that he learned a lesson.</p><p><blockquote>24岁的琼斯先生以前从未投资过股市。不过，现在他觉得自己吸取了教训。</blockquote></p><p>“I realized pretty quick that people like me were up against those billionaires,” he said. “And at the end of the day, those people always find a way to win.”</p><p><blockquote>“我很快意识到像我这样的人面临的是那些亿万富翁，”他说。“最终，那些人总能找到获胜的方法。”</blockquote></p><p><b>Losing His Head</b></p><p><blockquote><b>失去理智</b></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1568d73f6db637748479d972e48a4b97\" tg-width=\"2048\" tg-height=\"1595\" referrerpolicy=\"no-referrer\"><span>“This is money I have already written off,” said C. Arthur Davitt, who lives in Chicago.Credit...Lyndon French for The New York Times</span></p><p><blockquote><p class=\"t-img-caption\"><span>住在芝加哥的C·阿瑟·戴维特说：“这是我已经注销的钱。”</span></p></blockquote></p><p>Ordinarily, C. Arthur Davitt is a model of financial discipline.</p><p><blockquote>通常，C.Arthur Davitt是财务纪律的典范。</blockquote></p><p>He automatically sweeps $200 a month into an index fund, saves enough to get a company match on his 401(k) and has been aggressively paying down his $35,000 in graduate school debt.</p><p><blockquote>他每月自动向指数基金存入200美元，攒够了401(k)计划的公司匹配，并一直在积极偿还35,000美元的研究生院债务。</blockquote></p><p></p><p>But Mr. Davitt, 29, thought it might be fun to get in on some of the skyrocketing stocks. He put less than $1,500 in GameStop and AMC — the GameStop portion is now down by nearly half, and his stake in AMC lost more than 20 percent.</p><p><blockquote>但29岁的戴维特先生认为，买入一些飙升的股票可能会很有趣。他在游戏驿站和AMC的投资不到1500美元——游戏驿站部分现在下降了近一半，他在AMC的股份损失了20%以上。</blockquote></p><p>“I am not a gambler by nature,” he said, “and this is money I have already written off.”</p><p><blockquote>“我天生不是赌徒，”他说，“这是我已经注销的钱。”</blockquote></p><p>Mr. Davitt, who lives in Chicago and works for a company that provides worker assistance programs for employers, figures he might as well hold on to both companies. GameStop just named several new executives, which could help inject new life into the company, he said, and AMC could see a bounce once more people start venturing out of their homes.</p><p><blockquote>戴维特先生住在芝加哥，在一家为雇主提供工人援助计划的公司工作，他认为他还不如保留这两家公司。他表示，游戏驿站刚刚任命了几位新高管，这可能有助于为公司注入新的活力，一旦更多人开始走出家门，AMC可能会出现反弹。</blockquote></p><p>“If I didn’t like GameStop or AMC,” Mr. Davitt said, “I wouldn’t be finding this as enjoyable.”</p><p><blockquote>“如果我不喜欢游戏驿站或AMC，”戴维特先生说，“我就不会觉得这很有趣。”</blockquote></p><p><b>Another on the Line</b></p><p><blockquote><b>另一个在线上</b></blockquote></p><p>By almost any measure, Mr. Daumer, the Indiana teenager, is one of the winners of the GameStop trade. He more than doubled his money, even if he didn’t score the biggest possible payday.</p><p><blockquote>几乎以任何标准衡量，印第安纳州少年道默先生都是游戏驿站交易的赢家之一。他的钱增加了一倍多，即使他没有获得最大可能的发薪日。</blockquote></p><p>“Do you fish?” he asked, searching for a way to explain the experience.</p><p><blockquote>“你钓鱼吗？”他问道，寻找一种方法来解释这段经历。</blockquote></p><p>When you’re fishing, he said, and you feel a tug on your line, it might be just a nibble or it might be a bite. If you wait to feel a stronger tug, you risk losing the fish you didn’t know you had.</p><p><blockquote>他说，当你钓鱼时，你感觉到鱼线被拉扯，可能只是轻轻一咬，也可能是一口。如果你等着感受到更强的拉力，你就有可能失去你不知道拥有的鱼。</blockquote></p><p>The peak, he said, was that kind of moment. He thought it was just a small nibble, and decided to wait.</p><p><blockquote>他说，巅峰就是这样的时刻。他认为这只是一小口，并决定等待。</blockquote></p><p>“The fish got away,” he said.</p><p><blockquote>“鱼跑了，”他说。</blockquote></p><p>But there are others out there to be hooked, he said. He’s already dabbling in shares of a penny stock, Castor Maritime, which is based in Cyprus. It’s up over 300 percent so far this year.</p><p><blockquote>但他说，还有其他人会被迷住。他已经涉足了总部位于塞浦路斯的细价股Castor Maritime的股票。今年到目前为止，它已经上涨了300%以上。</blockquote></p><p>What kind of business is the company in?</p><p><blockquote>公司是做什么生意的？</blockquote></p><p>“You know what? I wish I could tell you,” Mr. Daumer said. “I just like the numbers.”</p><p><blockquote>“你知道吗？我希望我能告诉你，”道默先生说。“我就是喜欢这些数字。”</blockquote></p><p></p>","source":"lsy1608616134662","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Hopes That Rose and Fell With GameStop<blockquote>与游戏驿站一起兴衰的希望</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Hopes That Rose and Fell With GameStop<blockquote>与游戏驿站一起兴衰的希望</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The New York Times</strong><span class=\"h-time small\">2021-02-22 17:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Fueled by amateur traders and online enthusiasm, the struggling retailer’s shares took investors on a ride like no other. For them, it ended in different ways, including apathy, defiance and regret.</p><p><blockquote>在业余交易者和在线热情的推动下，这家陷入困境的零售商的股票给投资者带来了前所未有的上涨。对他们来说，它以不同的方式结束，包括冷漠、蔑视和遗憾。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b3ae93ef5e461f7efc81eddb3dd867d2\" tg-width=\"2048\" tg-height=\"1366\" referrerpolicy=\"no-referrer\"><span>Jacob Chalfant, a high school senior from Westfield, N.J., is still holding the shares he bought for $1,035. On Friday, they were worth $220.Credit...Bryan Anselm for The New York Times</span></p><p><blockquote><p class=\"t-img-caption\"><span>来自新泽西州韦斯特菲尔德的高中毕业生雅各布·查尔方特（Jacob Chalfant）仍持有他以1035美元购买的股票。周五，它们价值220美元。归功于《纽约时报》的布莱恩·安瑟姆</span></p></blockquote></p><p>Some wanted to be on the front lines of a revolution. Some wanted to be rich. And by the end of a wild two-week ride where fortunes were made and lost, some just hoped they’d be able to pay their rent.</p><p><blockquote>有些人想站在革命的前线。有些人想变得富有。在为期两周的疯狂旅程结束时，一些人只是希望他们能够支付房租。</blockquote></p><p>Winners and losers are made every day on Wall Street. And for a while, the unlikely trading boom around the stock of the beleaguered video game retailerGameStopput the little guy on top. Breathtaking fortunes appeared overnight.</p><p><blockquote>华尔街每天都有赢家和输家。有一段时间，围绕陷入困境的视频游戏零售商GameStop的股票出现了不太可能的交易热潮，让这个小人物登上了顶峰。惊人的财富一夜之间出现了。</blockquote></p><p>But they disappeared almost as quickly.</p><p><blockquote>但他们几乎同样迅速地消失了。</blockquote></p><p>At its highest point,GameStop’s&nbsp;share price was $483. On Friday, the stock was worth $40.59. The trading frenzy — powered by online hype over a rebellion against traditional Wall Street powers — had created, and then&nbsp;destroyed, roughly $30 billion in on-paper wealth.</p><p><blockquote>最高点时，游戏驿站股价为483美元。周五，该股价值40.59美元。这场交易狂潮——由网上对反抗传统华尔街权力的炒作推动——创造并摧毁了大约300亿美元的账面财富。</blockquote></p><p>Many small-time investors who got caught up in the mania as it peaked lost big. Timing a trade perfectly is nearly impossible even for the best stock pickers, so even those who made money missed out on far greater riches if they didn’t sell at the rally’s peak.</p><p><blockquote>许多在狂热达到顶峰时陷入狂热的小投资者损失惨重。即使对于最好的选股者来说，完美地把握交易时机也几乎是不可能的，因此即使是那些赚钱的人，如果没有在反弹的顶峰卖出，也会错过更大的财富。</blockquote></p><p>Whether they set out to make a mint or make a point, these&nbsp;traders rode the GameStop wave&nbsp;up — and down.</p><p><blockquote>无论他们是为了赚钱还是为了表明自己的观点，这些交易者都在游戏驿站浪潮中上下波动。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f991998f6a7c1cae38b84edd05dacc3\" tg-width=\"820\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Shawn Daumer, 19, near his office in Crown Point, Ind. He said he sold his GameStop shares last week and walked away with more than $65,000 in profit.Credit...Evan Jenkins for The New York Times</span></p><p><blockquote><p class=\"t-img-caption\"><span>19岁的肖恩·道默(Shawn Daumer)在印第安纳州皇冠点的办公室附近。他表示，他上周出售了游戏驿站股票，并获得了超过65,000美元的利润。图片来源：Evan Jenkins，纽约时报</span></p></blockquote></p><p><b>Money on the Table</b></p><p><blockquote><b>桌上的钱</b></blockquote></p><p>What do you do when you’re 19 and suddenly holding a quarter-million dollars in stock? Shawn Daumer went to Hooters.</p><p><blockquote>当你19岁突然持有25万美元的股票时，你会怎么做？肖恩·道默去了猫头鹰餐厅。</blockquote></p><p>Armed with money partly from high school graduation gifts and winnings from trades on stocks like Tesla, Mr. Daumer had spent about $47,000on shares of GameStop the week before it went through the roof.</p><p><blockquote>道默带着部分来自高中毕业礼物和特斯拉等股票交易的奖金，在游戏驿站股价飙升前一周，他花了约47,000美元购买了该股。</blockquote></p><p>It was Jan. 26 — just two days into&nbsp;GameStop’s big week— when he and his brother hit up Hooters, scarfed down 30 wings and got 10 more to go. Two days later, GameStop hit its intraday peak of $483 and Mr. Daumer, a real estate broker in Valparaiso, Ind., was holding 1,233 shares. He was up more than a half-million dollars on his initial investment.</p><p><blockquote>那是1月26日——就在游戏驿站重要一周的两天——他和他的兄弟去了猫头鹰餐厅，狼吞虎咽地吃了30个鸡翅，还剩下10个。两天后，游戏驿站触及483美元的盘中高点，印第安纳州Valparaiso的房地产经纪人Daumer先生持有1233股。他的初始投资增加了50多万美元。</blockquote></p><p>Mr. Daumer traced his interest in GameStop to the same place many others did: Reddit’s WallStreetBets forum, where armchair traders gather for raunchy jokes, tales of success and even to brag about enormous losses.</p><p><blockquote>道默先生将他对游戏驿站的兴趣追溯到许多其他人所做的同一个地方：Reddit的WallStreetBets论坛，纸上谈兵的交易者聚集在这里，分享淫秽笑话、成功故事，甚至吹嘘巨大的损失。</blockquote></p><p><b>Understand What Happened With GameStop</b></p><p><blockquote><b>了解游戏驿站发生了什么</b></blockquote></p><p><ul><li>Shares in GameStop, the video retailer,have crashed&nbsp;from their January highs, which were driven by memes on social media.</li><li>Amateur traders&nbsp;egging on one another on Redditbet heavily on shares of the company&nbsp;in January, sending the price up more than 1,700 percent at one point.</li><li>The wave was in part aimed athurting large hedge funds&nbsp;that had been&nbsp;short selling&nbsp;— betting against —&nbsp;GameStop stock. Some of those fundsexperienced huge losses&nbsp;as a result.</li><li>But many of the individual investors who pumped up the stock could lose huge amounts of money, too. Somebelieve the price will go back up&nbsp;and are refusing to sell, even as the share price has collapsed.</li><li>Now, regulators are looking into&nbsp;how the rally started&nbsp;and whethernew rules&nbsp;should be created because of it.</li></ul>“Really the biggest part is once you see everybody buying shares day after day, and seeing it live on your own screen, and watching it go up,” Mr. Daumer said in the midst of GameStop’s surge. “It’s follow the trend, you know? If that’s the trend, follow it and it makes you money.”</p><p><blockquote><ul><li>在社交媒体上的表情包推动下，视频零售商游戏驿站的股价已从一月份的高点暴跌。</li><li>1月份，业余交易者在Redditbet上互相怂恿，大量买入该公司股票，导致股价一度上涨超过1700%。</li><li>这波浪潮的部分目的是打击一直在卖空（做空）游戏驿站股票的大型对冲基金。其中一些基金因此遭受了巨大损失。</li><li>但许多推高该股的个人投资者也可能损失巨额资金。有些人相信价格会回升，并拒绝出售，即使股价已经暴跌。</li><li>现在，监管机构正在调查反弹是如何开始的，以及是否应该因此制定新规则。</li></ul>“实际上，最重要的部分是一旦你看到每个人日复一日地购买股票，并在你自己的屏幕上看到它的直播，并看着它上涨，”道默先生在游戏驿站的飙升中说道。“这就是跟随趋势，你知道吗？如果这是趋势，跟随它，它会让你赚钱。”</blockquote></p><p>But GameStop’s stock abruptly turned down when the trading app Robinhood and other brokerage firms announced a slew of restrictions on the trading of a handful of stocks that had been spiking. Mr. Daumer had about $200,000 in potential profits evaporate almost immediately.</p><p><blockquote>但当交易应用程序Robinhood和其他经纪公司宣布对少数飙升股票的交易实施一系列限制时，游戏驿站的股价突然下跌。道默先生大约20万美元的潜在利润几乎立即蒸发。</blockquote></p><p>“I’m still up 500 percent,” he said at the time. “I’m OK.” Besides, Mr. Daumer and his fellow Redditors believed GameStop would soar once more: “We’re going to $1,000,” he said.</p><p><blockquote>“我仍然上涨了500%，”他当时说道。“我没事。”此外，Daumer先生和他的Reddit用户同事相信游戏驿站将再次飙升：“我们将达到1,000美元，”他说。</blockquote></p><p>They never came close.</p><p><blockquote>他们从未接近过。</blockquote></p><p>Last week,as the stock plunged&nbsp;72 percent in two days, he’d had enough. Mr. Daumer put in an order to sell on Tuesday afternoon, and the order was filled Wednesday morning at a price of $91.22.</p><p><blockquote>上周，当该股在两天内暴跌72%时，他已经受够了。Daumer先生在周二下午下了卖出订单，该订单于周三上午以91.22美元的价格被执行。</blockquote></p><p>He walked away with more than $65,000 in profit, more than doubling his investment.</p><p><blockquote>他带走了超过65,000美元的利润，是他投资的两倍多。</blockquote></p><p></p><p>Not everyone was so lucky.</p><p><blockquote>不是每个人都这么幸运。</blockquote></p><p><b>A Rude Awakening</b></p><p><blockquote><b>猛然醒悟</b></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d56965a819f901d26e04fec085eed4a0\" tg-width=\"2048\" tg-height=\"1365\" referrerpolicy=\"no-referrer\"><span>Nora Samir held her GameStop shares too long and lost more than half of what she invested.Credit...David Maurice Smith for The New York Times</span></p><p><blockquote><p class=\"t-img-caption\"><span>Nora Samir持有游戏驿站股票时间过长，损失了一半以上的投资。图片来源：David Maurice Smith，《纽约时报》</span></p></blockquote></p><p>It seemed like a dream to Nora Samir.</p><p><blockquote>对诺拉·萨米尔来说，这就像一场梦。</blockquote></p><p>She woke up in the middle of the night of Jan. 27 at her home in Sydney. On the other side of the world, GameStop was soaring.</p><p><blockquote>1月27日半夜，她在悉尼的家中醒来。在地球的另一边，游戏驿站正在腾飞。</blockquote></p><p>The $735 she’d put in the day before had doubled. She raced downstairs to tell her mother, who was sleeping.</p><p><blockquote>她前一天投入的735美元已经翻了一番。她跑下楼去告诉正在睡觉的母亲。</blockquote></p><p>“Nora, don’t be greedy,” her mother warned. “You need to take it out.”</p><p><blockquote>“诺拉，不要贪心，”她妈妈警告说。“你得把它拿出来。”</blockquote></p><p>But Ms. Samir, 24, a child-health researcher at the University of New South Wales and a stock market neophyte,</p><p><blockquote>但24岁的萨米尔是新南威尔士大学的儿童健康研究员，也是股市新手，</blockquote></p><p>didn’t sell — she bought.</p><p><blockquote>没卖，她买了。</blockquote></p><p>After investing about $800 more, she owned just over nine shares of GameStop. She later plowed $1,800 into BlackBerry, the cellphone maker that once dominated mobile email and hadbeen swept up in the frenzy.</p><p><blockquote>在又投资了约800美元后，她拥有了9股多一点的游戏驿站股票。后来，她向黑莓投入了1,800美元，这家手机制造商曾经在移动电子邮件领域占据主导地位，并在狂热中被席卷。</blockquote></p><p>“I was on a high,” she admitted. “When the stock is going up, you don’t think of how low it can go.”</p><p><blockquote>“我当时很兴奋，”她承认。“当股票上涨时，你不会考虑它能跌到多低。”</blockquote></p><p>The high didn’t last long — and the fall was made worse when her trading app crashed, leaving her with little choice but to hold on while GameStop shares plunged.</p><p><blockquote>高潮并没有持续多久，当她的交易应用程序崩溃时，跌势变得更糟，让她别无选择，只能在游戏驿站股价暴跌时坚持下去。</blockquote></p><p>She managed to sell one share on the way down, for $134. The shares she still owned on Friday were worth $528. She’s lost more than half what she put into GameStop.</p><p><blockquote>她设法在下跌过程中以134美元的价格出售了一股股票。周五她仍持有的股票价值528美元。她在游戏驿站投入的资金已经损失了一半以上。</blockquote></p><p>The lesson, Ms. Samir said: “Don’t be greedy.”</p><p><blockquote>萨米尔女士的教训是：“不要贪婪。”</blockquote></p><p><b>You Only Live Once</b></p><p><blockquote><b>你只能活一次</b></blockquote></p><p>Jacob Chalfant, a high school senior from Westfield, N.J., enjoyed how his “diamond hands” were putting the squeeze on Wall Street’s hedge funds.</p><p><blockquote>来自新泽西州韦斯特菲尔德的高中生雅各布·查尔方特（Jacob Chalfant）很享受他的“钻石手”如何挤压华尔街的对冲基金。</blockquote></p><p>A poster on WallStreetBets since he was 15, Mr. Chalfant, now 18, relished the GameStop rally for the pressure it put on firms like Melvin Capital, which had bet that GameStop’s shares would fall.</p><p><blockquote>现年18岁的查尔凡特从15岁起就在WallStreetBets上发帖，他很喜欢游戏驿站的上涨，因为它给Melvin Capital等公司带来了压力，Melvin Capital曾押注游戏驿站股价将下跌。</blockquote></p><p>In the parlance of Reddit, Mr. Chalfant’s diamond-hard hands won’t fold, unlike the “paper hands” of sellers. He’s still holding the shares he bought for $1,035 — about a month’s wages from his job at a pizza shop and his freelance photography business — when GameStop was trading at $290. On Friday, his investment was worth $220.</p><p><blockquote>用Reddit的话说，Chalfant先生钻石般坚硬的手不会折叠，不像卖家的“纸手”。他仍然持有他以1,035美元购买的股票——大约是他在披萨店工作和自由摄影业务一个月的工资——当时游戏驿站的交易价格为290美元。周五，他的投资价值220美元。</blockquote></p><p>“I’ve come to terms with the fact that I’ve already lost the money,” he said. “Realistically, the stock is not going to go where it was before.”</p><p><blockquote>“我已经接受了我已经损失了钱的事实，”他说。“实际上，该股不会回到以前的水平。”</blockquote></p><p>But the losses are an investment, too, Mr. Chalfant said. They’ve earned him “internet points” on WallStreetBets. “If you’re saying, ‘I’m still holding,’ you have more clout than if you didn’t,” he said.</p><p><blockquote>但查尔方特表示，损失也是一项投资。他们在WallStreetBets上为他赢得了“互联网积分”。“如果你说‘我仍然持有’，你就比不持有更有影响力，”他说。</blockquote></p><p>(Many on the WallStreetBets forum insist that GameStop’s shares may surge again. On the other hand, another Reddit forum opened last week where users share tales of losses from trading the stock whose ticker symbol is GME: GMEbagholdersclub.)</p><p><blockquote>（WallStreetBets论坛上的许多人坚持认为游戏驿站的股价可能会再次飙升。另一方面，另一个Reddit论坛上周开放，用户在该论坛上分享了交易股票代码为GME：GMEbagholdersclub的亏损故事。）</blockquote></p><p>Mr. Chalfant said he and other teenage traders enjoy the gamification of the investing, and many of his friends had gotten in on GameStop just because they thought it was funny, not to make money.</p><p><blockquote>查尔凡特表示，他和其他青少年交易者喜欢投资的游戏化，他的许多朋友加入游戏驿站只是因为他们认为这很有趣，而不是为了赚钱。</blockquote></p><p>“We’re living in a system where there’s no such thing as justice anymore and the entire world is falling apart,” Mr. Chalfant said. “Nothing really matters, so we might as well try to have fun while we’re here.”</p><p><blockquote>“我们生活在一个不再有正义的体系中，整个世界正在分崩离析，”查尔方特先生说。“什么都不重要，所以我们还是在这里玩得开心点吧。”</blockquote></p><p><b>Collateral Damage</b></p><p><blockquote><b>附带损害</b></blockquote></p><p>Terrell Jones didn’t need to invest in GameStop to lose money off the frenzy.</p><p><blockquote>Terrell Jones不需要投资游戏驿站就能在狂热中赔钱。</blockquote></p><p>Mr. Jones, a college student from Kenosha, Wis., bought $300 in shares of AMC, the movie theater chain whose stock was also swept up in the attempt to squeeze the short sellers who profit as stocks decline.</p><p><blockquote>琼斯是威斯康星州基诺沙市的一名大学生，他以300美元的价格购买了连锁影院AMC的股票，该公司的股票也遭到了抛售，试图挤压那些在股价下跌时获利的卖空者。</blockquote></p><p>“I just got caught up in the social media hype and just dove right into it,” he said. “I fell for it.”</p><p><blockquote>“我刚刚被社交媒体的炒作所吸引，并一头扎进去，”他说。“我上当了。”</blockquote></p><p>When AMC started to fall and he had lost $112, Mr. Jones, 24, panicked.</p><p><blockquote>当AMC开始下跌，他损失了112美元时，24岁的琼斯先生惊慌失措。</blockquote></p><p>“I just had to get out of there as soon as possible,” he said. “It’s a lot of money, we’re in the middle of a pandemic and I have rent that needs to be paid.”</p><p><blockquote>“我只是必须尽快离开那里，”他说。“这是一大笔钱，我们正处于大流行之中，我有房租需要支付。”</blockquote></p><p>Mr. Jones, 24, had never invested in the stock market before. Now, though, he feels that he learned a lesson.</p><p><blockquote>24岁的琼斯先生以前从未投资过股市。不过，现在他觉得自己吸取了教训。</blockquote></p><p>“I realized pretty quick that people like me were up against those billionaires,” he said. “And at the end of the day, those people always find a way to win.”</p><p><blockquote>“我很快意识到像我这样的人面临的是那些亿万富翁，”他说。“最终，那些人总能找到获胜的方法。”</blockquote></p><p><b>Losing His Head</b></p><p><blockquote><b>失去理智</b></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1568d73f6db637748479d972e48a4b97\" tg-width=\"2048\" tg-height=\"1595\" referrerpolicy=\"no-referrer\"><span>“This is money I have already written off,” said C. Arthur Davitt, who lives in Chicago.Credit...Lyndon French for The New York Times</span></p><p><blockquote><p class=\"t-img-caption\"><span>住在芝加哥的C·阿瑟·戴维特说：“这是我已经注销的钱。”</span></p></blockquote></p><p>Ordinarily, C. Arthur Davitt is a model of financial discipline.</p><p><blockquote>通常，C.Arthur Davitt是财务纪律的典范。</blockquote></p><p>He automatically sweeps $200 a month into an index fund, saves enough to get a company match on his 401(k) and has been aggressively paying down his $35,000 in graduate school debt.</p><p><blockquote>他每月自动向指数基金存入200美元，攒够了401(k)计划的公司匹配，并一直在积极偿还35,000美元的研究生院债务。</blockquote></p><p></p><p>But Mr. Davitt, 29, thought it might be fun to get in on some of the skyrocketing stocks. He put less than $1,500 in GameStop and AMC — the GameStop portion is now down by nearly half, and his stake in AMC lost more than 20 percent.</p><p><blockquote>但29岁的戴维特先生认为，买入一些飙升的股票可能会很有趣。他在游戏驿站和AMC的投资不到1500美元——游戏驿站部分现在下降了近一半，他在AMC的股份损失了20%以上。</blockquote></p><p>“I am not a gambler by nature,” he said, “and this is money I have already written off.”</p><p><blockquote>“我天生不是赌徒，”他说，“这是我已经注销的钱。”</blockquote></p><p>Mr. Davitt, who lives in Chicago and works for a company that provides worker assistance programs for employers, figures he might as well hold on to both companies. GameStop just named several new executives, which could help inject new life into the company, he said, and AMC could see a bounce once more people start venturing out of their homes.</p><p><blockquote>戴维特先生住在芝加哥，在一家为雇主提供工人援助计划的公司工作，他认为他还不如保留这两家公司。他表示，游戏驿站刚刚任命了几位新高管，这可能有助于为公司注入新的活力，一旦更多人开始走出家门，AMC可能会出现反弹。</blockquote></p><p>“If I didn’t like GameStop or AMC,” Mr. Davitt said, “I wouldn’t be finding this as enjoyable.”</p><p><blockquote>“如果我不喜欢游戏驿站或AMC，”戴维特先生说，“我就不会觉得这很有趣。”</blockquote></p><p><b>Another on the Line</b></p><p><blockquote><b>另一个在线上</b></blockquote></p><p>By almost any measure, Mr. Daumer, the Indiana teenager, is one of the winners of the GameStop trade. He more than doubled his money, even if he didn’t score the biggest possible payday.</p><p><blockquote>几乎以任何标准衡量，印第安纳州少年道默先生都是游戏驿站交易的赢家之一。他的钱增加了一倍多，即使他没有获得最大可能的发薪日。</blockquote></p><p>“Do you fish?” he asked, searching for a way to explain the experience.</p><p><blockquote>“你钓鱼吗？”他问道，寻找一种方法来解释这段经历。</blockquote></p><p>When you’re fishing, he said, and you feel a tug on your line, it might be just a nibble or it might be a bite. If you wait to feel a stronger tug, you risk losing the fish you didn’t know you had.</p><p><blockquote>他说，当你钓鱼时，你感觉到鱼线被拉扯，可能只是轻轻一咬，也可能是一口。如果你等着感受到更强的拉力，你就有可能失去你不知道拥有的鱼。</blockquote></p><p>The peak, he said, was that kind of moment. He thought it was just a small nibble, and decided to wait.</p><p><blockquote>他说，巅峰就是这样的时刻。他认为这只是一小口，并决定等待。</blockquote></p><p>“The fish got away,” he said.</p><p><blockquote>“鱼跑了，”他说。</blockquote></p><p>But there are others out there to be hooked, he said. He’s already dabbling in shares of a penny stock, Castor Maritime, which is based in Cyprus. It’s up over 300 percent so far this year.</p><p><blockquote>但他说，还有其他人会被迷住。他已经涉足了总部位于塞浦路斯的细价股Castor Maritime的股票。今年到目前为止，它已经上涨了300%以上。</blockquote></p><p>What kind of business is the company in?</p><p><blockquote>公司是做什么生意的？</blockquote></p><p>“You know what? I wish I could tell you,” Mr. Daumer said. “I just like the numbers.”</p><p><blockquote>“你知道吗？我希望我能告诉你，”道默先生说。“我就是喜欢这些数字。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.nytimes.com/2021/02/07/business/gamestop-stock-losses.html\">The New York Times</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://www.nytimes.com/2021/02/07/business/gamestop-stock-losses.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152031988","content_text":"Fueled by amateur traders and online enthusiasm, the struggling retailer’s shares took investors on a ride like no other. For them, it ended in different ways, including apathy, defiance and regret.Jacob Chalfant, a high school senior from Westfield, N.J., is still holding the shares he bought for $1,035. On Friday, they were worth $220.Credit...Bryan Anselm for The New York TimesSome wanted to be on the front lines of a revolution. Some wanted to be rich. And by the end of a wild two-week ride where fortunes were made and lost, some just hoped they’d be able to pay their rent.Winners and losers are made every day on Wall Street. And for a while, the unlikely trading boom around the stock of the beleaguered video game retailerGameStopput the little guy on top. Breathtaking fortunes appeared overnight.But they disappeared almost as quickly.At its highest point,GameStop’s share price was $483. On Friday, the stock was worth $40.59. The trading frenzy — powered by online hype over a rebellion against traditional Wall Street powers — had created, and then destroyed, roughly $30 billion in on-paper wealth.Many small-time investors who got caught up in the mania as it peaked lost big. Timing a trade perfectly is nearly impossible even for the best stock pickers, so even those who made money missed out on far greater riches if they didn’t sell at the rally’s peak.Whether they set out to make a mint or make a point, these traders rode the GameStop wave up — and down.Shawn Daumer, 19, near his office in Crown Point, Ind. He said he sold his GameStop shares last week and walked away with more than $65,000 in profit.Credit...Evan Jenkins for The New York TimesMoney on the TableWhat do you do when you’re 19 and suddenly holding a quarter-million dollars in stock? Shawn Daumer went to Hooters.Armed with money partly from high school graduation gifts and winnings from trades on stocks like Tesla, Mr. Daumer had spent about $47,000on shares of GameStop the week before it went through the roof.It was Jan. 26 — just two days into GameStop’s big week— when he and his brother hit up Hooters, scarfed down 30 wings and got 10 more to go. Two days later, GameStop hit its intraday peak of $483 and Mr. Daumer, a real estate broker in Valparaiso, Ind., was holding 1,233 shares. He was up more than a half-million dollars on his initial investment.Mr. Daumer traced his interest in GameStop to the same place many others did: Reddit’s WallStreetBets forum, where armchair traders gather for raunchy jokes, tales of success and even to brag about enormous losses.Understand What Happened With GameStopShares in GameStop, the video retailer,have crashed from their January highs, which were driven by memes on social media.Amateur traders egging on one another on Redditbet heavily on shares of the company in January, sending the price up more than 1,700 percent at one point.The wave was in part aimed athurting large hedge funds that had been short selling — betting against — GameStop stock. Some of those fundsexperienced huge losses as a result.But many of the individual investors who pumped up the stock could lose huge amounts of money, too. Somebelieve the price will go back up and are refusing to sell, even as the share price has collapsed.Now, regulators are looking into how the rally started and whethernew rules should be created because of it.“Really the biggest part is once you see everybody buying shares day after day, and seeing it live on your own screen, and watching it go up,” Mr. Daumer said in the midst of GameStop’s surge. “It’s follow the trend, you know? If that’s the trend, follow it and it makes you money.”But GameStop’s stock abruptly turned down when the trading app Robinhood and other brokerage firms announced a slew of restrictions on the trading of a handful of stocks that had been spiking. Mr. Daumer had about $200,000 in potential profits evaporate almost immediately.“I’m still up 500 percent,” he said at the time. “I’m OK.” Besides, Mr. Daumer and his fellow Redditors believed GameStop would soar once more: “We’re going to $1,000,” he said.They never came close.Last week,as the stock plunged 72 percent in two days, he’d had enough. Mr. Daumer put in an order to sell on Tuesday afternoon, and the order was filled Wednesday morning at a price of $91.22.He walked away with more than $65,000 in profit, more than doubling his investment.Not everyone was so lucky.A Rude AwakeningNora Samir held her GameStop shares too long and lost more than half of what she invested.Credit...David Maurice Smith for The New York TimesIt seemed like a dream to Nora Samir.She woke up in the middle of the night of Jan. 27 at her home in Sydney. On the other side of the world, GameStop was soaring.The $735 she’d put in the day before had doubled. She raced downstairs to tell her mother, who was sleeping.“Nora, don’t be greedy,” her mother warned. “You need to take it out.”But Ms. Samir, 24, a child-health researcher at the University of New South Wales and a stock market neophyte,didn’t sell — she bought.After investing about $800 more, she owned just over nine shares of GameStop. She later plowed $1,800 into BlackBerry, the cellphone maker that once dominated mobile email and hadbeen swept up in the frenzy.“I was on a high,” she admitted. “When the stock is going up, you don’t think of how low it can go.”The high didn’t last long — and the fall was made worse when her trading app crashed, leaving her with little choice but to hold on while GameStop shares plunged.She managed to sell one share on the way down, for $134. The shares she still owned on Friday were worth $528. She’s lost more than half what she put into GameStop.The lesson, Ms. Samir said: “Don’t be greedy.”You Only Live OnceJacob Chalfant, a high school senior from Westfield, N.J., enjoyed how his “diamond hands” were putting the squeeze on Wall Street’s hedge funds.A poster on WallStreetBets since he was 15, Mr. Chalfant, now 18, relished the GameStop rally for the pressure it put on firms like Melvin Capital, which had bet that GameStop’s shares would fall.In the parlance of Reddit, Mr. Chalfant’s diamond-hard hands won’t fold, unlike the “paper hands” of sellers. He’s still holding the shares he bought for $1,035 — about a month’s wages from his job at a pizza shop and his freelance photography business — when GameStop was trading at $290. On Friday, his investment was worth $220.“I’ve come to terms with the fact that I’ve already lost the money,” he said. “Realistically, the stock is not going to go where it was before.”But the losses are an investment, too, Mr. Chalfant said. They’ve earned him “internet points” on WallStreetBets. “If you’re saying, ‘I’m still holding,’ you have more clout than if you didn’t,” he said.(Many on the WallStreetBets forum insist that GameStop’s shares may surge again. On the other hand, another Reddit forum opened last week where users share tales of losses from trading the stock whose ticker symbol is GME: GMEbagholdersclub.)Mr. Chalfant said he and other teenage traders enjoy the gamification of the investing, and many of his friends had gotten in on GameStop just because they thought it was funny, not to make money.“We’re living in a system where there’s no such thing as justice anymore and the entire world is falling apart,” Mr. Chalfant said. “Nothing really matters, so we might as well try to have fun while we’re here.”Collateral DamageTerrell Jones didn’t need to invest in GameStop to lose money off the frenzy.Mr. Jones, a college student from Kenosha, Wis., bought $300 in shares of AMC, the movie theater chain whose stock was also swept up in the attempt to squeeze the short sellers who profit as stocks decline.“I just got caught up in the social media hype and just dove right into it,” he said. “I fell for it.”When AMC started to fall and he had lost $112, Mr. Jones, 24, panicked.“I just had to get out of there as soon as possible,” he said. “It’s a lot of money, we’re in the middle of a pandemic and I have rent that needs to be paid.”Mr. Jones, 24, had never invested in the stock market before. Now, though, he feels that he learned a lesson.“I realized pretty quick that people like me were up against those billionaires,” he said. “And at the end of the day, those people always find a way to win.”Losing His Head“This is money I have already written off,” said C. Arthur Davitt, who lives in Chicago.Credit...Lyndon French for The New York TimesOrdinarily, C. Arthur Davitt is a model of financial discipline.He automatically sweeps $200 a month into an index fund, saves enough to get a company match on his 401(k) and has been aggressively paying down his $35,000 in graduate school debt.But Mr. Davitt, 29, thought it might be fun to get in on some of the skyrocketing stocks. He put less than $1,500 in GameStop and AMC — the GameStop portion is now down by nearly half, and his stake in AMC lost more than 20 percent.“I am not a gambler by nature,” he said, “and this is money I have already written off.”Mr. Davitt, who lives in Chicago and works for a company that provides worker assistance programs for employers, figures he might as well hold on to both companies. GameStop just named several new executives, which could help inject new life into the company, he said, and AMC could see a bounce once more people start venturing out of their homes.“If I didn’t like GameStop or AMC,” Mr. Davitt said, “I wouldn’t be finding this as enjoyable.”Another on the LineBy almost any measure, Mr. Daumer, the Indiana teenager, is one of the winners of the GameStop trade. He more than doubled his money, even if he didn’t score the biggest possible payday.“Do you fish?” he asked, searching for a way to explain the experience.When you’re fishing, he said, and you feel a tug on your line, it might be just a nibble or it might be a bite. If you wait to feel a stronger tug, you risk losing the fish you didn’t know you had.The peak, he said, was that kind of moment. He thought it was just a small nibble, and decided to wait.“The fish got away,” he said.But there are others out there to be hooked, he said. He’s already dabbling in shares of a penny stock, Castor Maritime, which is based in Cyprus. It’s up over 300 percent so far this year.What kind of business is the company in?“You know what? I wish I could tell you,” Mr. Daumer said. “I just like the numbers.”","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":363,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321440681,"gmtCreate":1615465900343,"gmtModify":1703489416102,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Like n comment plz🚀🚀🚀","listText":"Like n comment plz🚀🚀🚀","text":"Like n comment plz🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/321440681","repostId":"1199156489","repostType":4,"repost":{"id":"1199156489","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":1615452861,"share":"https://www.laohu8.com/m/news/1199156489?lang=zh_CN&edition=full","pubTime":"2021-03-11 16:54","market":"us","language":"en","title":"US Daylight Saving Time<blockquote>美国夏令时</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199156489","media":"Tiger Newspress","summary":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving tim","content":"<p>From&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;March&nbsp;14(this&nbsp;Sunday),the&nbsp;North America&nbsp;region&nbsp;entered&nbsp;daylight saving&nbsp;time,until&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;ends&nbsp;on&nbsp;November&nbsp;7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02：00开始，北美地区进入夏令时，直到美国东部时间2021年11月7日02：00结束。</blockquote></p><p>So,starting&nbsp;on&nbsp;Monday,March&nbsp;14,the&nbsp;U.S.&nbsp;market&nbsp;will&nbsp;open&nbsp;and&nbsp;close&nbsp;one&nbsp;hour&nbsp;ahead&nbsp;of&nbsp;schedule&nbsp;during&nbsp;north&nbsp;american&nbsp;daylight saving time,i.e.,U.S.&nbsp;trading&nbsp;time&nbsp;will&nbsp;be&nbsp;changed&nbsp;to&nbsp;21:30&nbsp;beijing&nbsp;time&nbsp;to&nbsp;04:00&nbsp;a.m.the&nbsp;next&nbsp;day,pre-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;16:00&nbsp;to&nbsp;21:30,after-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;04:00&nbsp;to&nbsp;8:00.</p><p><blockquote>于是，从3月14日周一开始，美国市场将在北美夏令时期间提前一小时开盘和收盘，即美国交易时间改为北京时间21:30至次日凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天会持续更长时间到晚上。北美和欧洲的大部分地区遵循这一习俗，而其他地方的大多数国家则不这样做。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。坚持现状是义不容辞的责任。</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>US Daylight Saving Time<blockquote>美国夏令时</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\">\nUS Daylight Saving Time<blockquote>美国夏令时</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-11 16:54</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>From&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;March&nbsp;14(this&nbsp;Sunday),the&nbsp;North America&nbsp;region&nbsp;entered&nbsp;daylight saving&nbsp;time,until&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;ends&nbsp;on&nbsp;November&nbsp;7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02：00开始，北美地区进入夏令时，直到美国东部时间2021年11月7日02：00结束。</blockquote></p><p>So,starting&nbsp;on&nbsp;Monday,March&nbsp;14,the&nbsp;U.S.&nbsp;market&nbsp;will&nbsp;open&nbsp;and&nbsp;close&nbsp;one&nbsp;hour&nbsp;ahead&nbsp;of&nbsp;schedule&nbsp;during&nbsp;north&nbsp;american&nbsp;daylight saving time,i.e.,U.S.&nbsp;trading&nbsp;time&nbsp;will&nbsp;be&nbsp;changed&nbsp;to&nbsp;21:30&nbsp;beijing&nbsp;time&nbsp;to&nbsp;04:00&nbsp;a.m.the&nbsp;next&nbsp;day,pre-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;16:00&nbsp;to&nbsp;21:30,after-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;04:00&nbsp;to&nbsp;8:00.</p><p><blockquote>于是，从3月14日周一开始，美国市场将在北美夏令时期间提前一小时开盘和收盘，即美国交易时间改为北京时间21:30至次日凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天会持续更长时间到晚上。北美和欧洲的大部分地区遵循这一习俗，而其他地方的大多数国家则不这样做。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。坚持现状是义不容辞的责任。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199156489","content_text":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving time,until 02:00 U.S. East time ends on November 7,2021.So,starting on Monday,March 14,the U.S. market will open and close one hour ahead of schedule during north american daylight saving time,i.e.,U.S. trading time will be changed to 21:30 beijing time to 04:00 a.m.the next day,pre-trade time will be 16:00 to 21:30,after-trade time will be 04:00 to 8:00.What is daylight saving time?The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1268,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360209814,"gmtCreate":1613916203538,"gmtModify":1634551868825,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"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":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/360209814","repostId":"1194607255","repostType":4,"isVote":1,"tweetType":1,"viewCount":346,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360209368,"gmtCreate":1613916147654,"gmtModify":1634551868946,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Ok let’s go","listText":"Ok let’s go","text":"Ok let’s go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/360209368","repostId":"1161529893","repostType":4,"repost":{"id":"1161529893","kind":"news","pubTimestamp":1613733842,"share":"https://www.laohu8.com/m/news/1161529893?lang=zh_CN&edition=full","pubTime":"2021-02-19 19:24","market":"us","language":"en","title":"Goldman Sachs is joining the robo-investing party — should you?<blockquote>高盛正在加入机器人投资行列——你应该加入吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1161529893","media":"Marketwatch","summary":"‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by so","content":"<p>  ‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.  Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.</p><p><blockquote>加州圣地亚哥的财务顾问万斯·巴斯说，就像在拉斯维加斯一样，众议院通常会获胜。他经营着一家名为Your Dedicated Fiduciary的公司。机器人投资在几乎每个经纪平台上都变得越来越普遍。直到周二，高盛GS(-0.91%)将其机器人咨询服务Marcus限制为至少有1000万美元可投资的人。</blockquote></p><p> Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by some of Goldman Sachs’ wealthiest clients for a 0.35% annual advisory fee. But investing experts say there are more costs to consider before jumping on the robo-investing train.</p><p><blockquote>现在，任何拥有至少1,000美元可投资的人都可以使用高盛一些最富有的客户使用的相同交易算法，每年只需支付0.35%的咨询费。但投资专家表示，在跳上机器人投资列车之前，需要考虑更多成本。</blockquote></p><p> “Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.</p><p><blockquote>“就像在拉斯维加斯一样，众议院通常会获胜，”加利福尼亚州圣地亚哥的财务顾问万斯·巴斯(Vance Barse)说，他经营着一家名为Your Dedicated Fiduciary的公司。</blockquote></p><p> Although the 35 basis-point price tag is a “loss leader” to Goldman Sachs, he said companies typically make such offers in order to attract clients to cross-sell them banking products.</p><p><blockquote>尽管35个基点的价格标签对高盛来说是一个“亏损领头羊”，但他表示，公司通常会提出这样的报价，以吸引客户向他们交叉销售银行产品。</blockquote></p><p> “People forget that banks are ultimately in the business of making money,” he said.</p><p><blockquote>“人们忘记了银行最终是为了赚钱，”他说。</blockquote></p><p> Goldman Sachs declined to comment.</p><p><blockquote>高盛拒绝置评。</blockquote></p><p> The company is among other major financial-services firms offering digital advisers, including Vanguard, Fidelity and Schwab SCHW, +1.03% and startups such as Betterment and Wealthfront.</p><p><blockquote>该公司是其他提供数字顾问的主要金融服务公司之一，包括Vanguard、Fidelity和Schwab SCHW，+1.03%，以及Betterment和Wealthfront等初创公司。</blockquote></p><p> Fees for robo advisers can start at around 0.25%, and increase to 1% and above for traditional brokers. A survey of nearly 1,000 financial planners by Inside Information, a trade publication, found that the bigger the portfolio, the lower the percentage clients paid in fees.</p><p><blockquote>机器人顾问的费用从0.25%左右开始，传统经纪商的费用会增加到1%及以上。行业出版物Inside Information对近1,000名理财规划师进行的一项调查发现，投资组合越大，客户支付的费用比例就越低。</blockquote></p><p> The median annual charge hovered at around 1% for portfolios of $1 million or less, and 0.5% for portfolios worth $5 million to $10 million.</p><p><blockquote>对于100万美元或以下的投资组合，年费中位数徘徊在1%左右，对于价值500万至1000万美元的投资组合，年费中位数徘徊在0.5%左右。</blockquote></p><p> Robo advisers like those on offer from Goldman Sachs and Betterment differ from robo platforms like Robinhood. The former suggest portfolios focused on exchange-traded funds, while Robinhood allows users to invest in individual ETFs, stocks, options and even cryptocurrencies.</p><p><blockquote>高盛和Betterment提供的机器人顾问与Robinhood等机器人平台不同。前者建议投资组合专注于交易所交易基金，而Robinhood允许用户投资个人ETF、股票、期权甚至加密货币。</blockquote></p><p> <b>Robo investing as a self-driving car</b></p><p><blockquote><b>机器人投资作为自动驾驶汽车</b></blockquote></p><p> Consumers have turned to robo-investing at unprecedented levels during the pandemic.</p><p><blockquote>在疫情期间，消费者以前所未有的水平转向机器人投资。</blockquote></p><p> The rate of new accounts opened jumped between 50% and 300% during the first quarter of 2020 compared to the fourth quarter of last year, according to a May report published by research and advisory firm Aite Group.</p><p><blockquote>根据研究和咨询公司艾特集团5月份发布的一份报告，与去年第四季度相比，2020年第一季度的新开户率跃升了50%至300%。</blockquote></p><p> So what is rob-investing? Think of it like a self-driving car.</p><p><blockquote>那么什么是rob投资呢？把它想象成一辆自动驾驶汽车。</blockquote></p><p> You put in your destination, buckle up in the backseat and your driver (robo adviser) will get there. You, the passenger, can’t easily slam the breaks if you fear your driver is leading you in the wrong direction. Nor can you put your foot on the gas pedal if you’re in a rush and want to get to your destination faster.</p><p><blockquote>你输入你的目的地，在后座系好安全带，你的司机（机器人顾问）就会到达那里。作为乘客，如果你担心你的司机把你引向错误的方向，你就不能轻易刹车。如果您赶时间并想更快地到达目的地，也不能踩油门。</blockquote></p><p> Robo-investing platforms use advanced-trading algorithm software to design investment portfolios based on factors such as an individual’s appetite for risk-taking and desired short-term and long-term returns.</p><p><blockquote>机器人投资平台使用先进的交易算法软件，根据个人的风险偏好以及期望的短期和长期回报等因素来设计投资组合。</blockquote></p><p> There are over 200 platforms that provide these services charging typically no more than a 0.5% annual advisory fee, compared to the 1% annual fee human investment advisors charge.</p><p><blockquote>有200多个平台提供这些服务，每年收取的咨询费通常不超过0.5%，而人力投资顾问收取的年费为1%。</blockquote></p><p> And rather than investing entirely on your own, which can become a second job and lead to emotional investment decisions, robo advisers handle buying and selling assets.</p><p><blockquote>机器人顾问处理资产的买卖，而不是完全自己投资，这可能成为第二份工作并导致情绪化的投资决策。</blockquote></p><p> Cynthia Loh, Schwab vice president of Digital Advice and Innovation, disagrees, and argues that robo investing doesn’t mean giving technology control of your money. Schwab, she said, has a team of investment experts who oversee investment strategy and keep watch during periods of market volatility, although some services have more input from humans than others.</p><p><blockquote>嘉信理财数字咨询和创新副总裁辛西娅·洛(Cynthia Loh)不同意这种观点，她认为机器人投资并不意味着让技术控制你的资金。她说，嘉信理财拥有一支投资专家团队，负责监督投资策略并在市场波动期间进行监控，尽管有些服务比其他服务有更多的人工输入。</blockquote></p><p> As she recently wrote on MarketWatch: “One common misconception about automated investing is that choosing a robo adviser essentially means handing control of your money over to robots. The truth is that robo solutions have a combination of automated and human components running things behind the scenes.”</p><p><blockquote>正如她最近在MarketWatch上所写：“关于自动化投资的一个常见误解是，选择机器人顾问本质上意味着将资金的控制权交给机器人。事实是，机器人解决方案结合了自动化和人工组件，在幕后运行事物。”</blockquote></p><p> <b>Robos appeal to inexperienced investors</b></p><p><blockquote><b>机器人吸引缺乏经验的投资者</b></blockquote></p><p> Robo investing tends to appeal to inexperienced investors or ones who don’t have the time or energy to manage their own portfolios. These investors can take comfort in the “set it and forget it approach to investing and overtime let the markets do their thing,” Barse said.</p><p><blockquote>机器人投资往往吸引缺乏经验的投资者或没有时间或精力管理自己投资组合的投资者。巴尔斯说，这些投资者可以对“一劳永逸”的投资方法感到放心，随着时间的推移，让市场做自己的事情”。</blockquote></p><p> That makes it much easier to stomach market volatility knowing that you don’t necessarily have to make spur-of-the-moment decisions to buy or sell assets, said Tiffany Lam-Balfour, an investing and retirement specialist at NerdWallet.</p><p><blockquote>NerdWallet的投资和退休专家蒂芙尼·拉姆-贝尔福(Tiffany Lam-Balfour)表示，这使得你更容易承受市场波动，因为你不一定必须做出购买或出售资产的冲动决定。</blockquote></p><p> “When you’re investing, you don’t want to keep looking at the market and going ‘Oh I need to get out of this,’” she said. “You want to leave it to the professionals to get you through it because they know what your time horizon is, and they’ll adjust your portfolio automatically for you.”</p><p><blockquote>“当你投资时，你不会想一直关注市场并说‘哦，我需要摆脱困境’，”她说。“你想让专业人士来帮你度过难关，因为他们知道你的时间范围，他们会自动为你调整你的投资组合。”</blockquote></p><p></p><p> That said, “you can’t just expect your investments will only go up. Even if you had the world’s best human financial adviser you can’t expect that.”</p><p><blockquote>也就是说，“你不能指望你的投资只会上涨。即使你有世界上最好的人类财务顾问，你也不能指望这一点。”</blockquote></p><p> Others disagree, and say robo advisers appeal to older investors. “Planning for and paying yourself in retirement is complex. There are many options out there to help investors through it, and robo investing is one of them,” Loh said.</p><p><blockquote>其他人不同意，并表示机器人顾问对老年投资者有吸引力。“退休后的规划和支付费用很复杂。有很多选择可以帮助投资者度过难关，机器人投资就是其中之一，”Loh说。</blockquote></p><p> “Many thoughtful, long-term investors have discovered that they want a more modern, streamlined, and inexpensive way to invest, and robo investing fits the bill. They are happy to let technology handle the mundane activities that are harder and more time-consuming for investors to do themselves,” she added.</p><p><blockquote>“许多深思熟虑的长期投资者发现，他们想要一种更现代、更简化、更便宜的投资方式，而机器人投资正好符合这一要求。他们很乐意让技术来处理更困难、更耗时的日常活动。投资者自己做，”她补充道。</blockquote></p><p> <b>There is often no door to knock on</b></p><p><blockquote><b>常常无门可敲</b></blockquote></p><p> Your robo adviser only knows what you tell it. The simplistic questionnaire you’re required to fill out will on most robo-investing platforms will collect information on your annual income, desired age to retire and the level of risk you’re willing to take on.</p><p><blockquote>你的机器人顾问只知道你告诉它什么。大多数机器人投资平台上要求您填写的简单问卷将收集有关您的年收入、期望退休年龄以及您愿意承担的风险水平的信息。</blockquote></p><p> It won’t however know if you just had a child and would like to begin saving for their education down the road or if you recently lost your job.</p><p><blockquote>然而，它不会知道你是否刚刚有了一个孩子，并想开始为他们的教育存钱，或者你是否最近失业了。</blockquote></p><p> “The question then becomes to whom does that person go to for advice and does that platform offer that and if so, to what level of complexity?” said Barse.</p><p><blockquote>“那么问题就变成了那个人向谁寻求建议？该平台是否提供建议？如果提供，复杂程度如何？”巴斯说。</blockquote></p><p> Not all platforms give individualized investment advice and the hybrid models that do offer advice from a human tend to charge higher annual fees.</p><p><blockquote>并非所有平台都提供个性化投资建议，提供人工建议的混合模式往往会收取更高的年费。</blockquote></p><p> Additionally, a robo adviser won’t necessarily “manage your money with tax efficiency at front of mind,” said Roger Ma, a certified financial planner at Lifelaidout, a New York City-based financial advisory group.</p><p><blockquote>此外，纽约市财务咨询集团Lifelaidout的注册财务规划师罗杰·马(Roger Ma)表示，机器人顾问不一定“在管理资金时首先考虑税收效率”。</blockquote></p><p> For instance, one common way investors offset the taxes they pay on long-term investments is by selling assets that have accrued losses. Traditional advisers often specialize in constructing portfolios that lead to the most tax-efficient outcomes, said Ma, who is the author of “Work Your Money, Not Your Life”.</p><p><blockquote>例如，投资者抵消长期投资税款的一种常见方式是出售已累计亏损的资产。《工作你的钱，而不是你的生活》一书的作者马说，传统顾问通常专注于构建能带来最节税结果的投资组合。</blockquote></p><p> But with robo investing, the trades that are made for you are the same ones that are being made for a slew of other investors who may fall under a different tax-bracket than you.</p><p><blockquote>但通过机器人投资，为您进行的交易与为许多其他投资者进行的交易是相同的，这些投资者可能属于与您不同的税级。</blockquote></p><p> On top of that, while robo investing may feel like a simplistic way to get into investing, especially for beginners it can “overcomplicate investing,” Ma said.</p><p><blockquote>最重要的是，虽然机器人投资可能感觉像是一种简单的投资方式，特别是对于初学者来说，它可能会“使投资过于复杂”，马云说。</blockquote></p><p> “If you are just looking to dip your toe in and you want to feel like you’re invested in a diversified portfolio, I wouldn’t say definitely don’t do a robo adviser,” he said.</p><p><blockquote>“如果你只是想尝试一下，并且想感觉自己投资于多元化的投资组合，我不会说绝对不要聘请机器人顾问，”他说。</blockquote></p><p> Don’t rule out investing through a target-date fund that selects a single fund to invest in and adjusts the position over time based on their investment goals, he added.</p><p><blockquote>他补充说，不要排除通过目标日期基金进行投资，该基金选择单一基金进行投资，并根据投资目标随着时间的推移调整头寸。</blockquote></p><p> But not everyone can tell the difference between robo advice and advice from a human being. In 2015, MarketWatch asked four prominent robo advisers and four of the traditional, flesh-and-blood variety to construct portfolios for a hypothetical 35-year-old investor with $40,000 to invest.</p><p><blockquote>但并不是每个人都能区分机器人的建议和人类的建议。2015年，MarketWatch请四位著名的机器人顾问和四位传统的有血有肉的机器人顾问为一位假设的35岁投资者构建投资组合，投资金额为40,000美元。</blockquote></p><p> The results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.</p><p><blockquote>对于机器人顾问的批评者来说，结果或许令人惊讶。Pinnacle Advisory Group的研究总监Michael Kitces在审查结果后表示，机器人的建议与人类顾问的建议“没有太大不同”。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs is joining the robo-investing party — should you?<blockquote>高盛正在加入机器人投资行列——你应该加入吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs is joining the robo-investing party — should you?<blockquote>高盛正在加入机器人投资行列——你应该加入吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-02-19 19:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  ‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.  Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.</p><p><blockquote>加州圣地亚哥的财务顾问万斯·巴斯说，就像在拉斯维加斯一样，众议院通常会获胜。他经营着一家名为Your Dedicated Fiduciary的公司。机器人投资在几乎每个经纪平台上都变得越来越普遍。直到周二，高盛GS(-0.91%)将其机器人咨询服务Marcus限制为至少有1000万美元可投资的人。</blockquote></p><p> Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by some of Goldman Sachs’ wealthiest clients for a 0.35% annual advisory fee. But investing experts say there are more costs to consider before jumping on the robo-investing train.</p><p><blockquote>现在，任何拥有至少1,000美元可投资的人都可以使用高盛一些最富有的客户使用的相同交易算法，每年只需支付0.35%的咨询费。但投资专家表示，在跳上机器人投资列车之前，需要考虑更多成本。</blockquote></p><p> “Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.</p><p><blockquote>“就像在拉斯维加斯一样，众议院通常会获胜，”加利福尼亚州圣地亚哥的财务顾问万斯·巴斯(Vance Barse)说，他经营着一家名为Your Dedicated Fiduciary的公司。</blockquote></p><p> Although the 35 basis-point price tag is a “loss leader” to Goldman Sachs, he said companies typically make such offers in order to attract clients to cross-sell them banking products.</p><p><blockquote>尽管35个基点的价格标签对高盛来说是一个“亏损领头羊”，但他表示，公司通常会提出这样的报价，以吸引客户向他们交叉销售银行产品。</blockquote></p><p> “People forget that banks are ultimately in the business of making money,” he said.</p><p><blockquote>“人们忘记了银行最终是为了赚钱，”他说。</blockquote></p><p> Goldman Sachs declined to comment.</p><p><blockquote>高盛拒绝置评。</blockquote></p><p> The company is among other major financial-services firms offering digital advisers, including Vanguard, Fidelity and Schwab SCHW, +1.03% and startups such as Betterment and Wealthfront.</p><p><blockquote>该公司是其他提供数字顾问的主要金融服务公司之一，包括Vanguard、Fidelity和Schwab SCHW，+1.03%，以及Betterment和Wealthfront等初创公司。</blockquote></p><p> Fees for robo advisers can start at around 0.25%, and increase to 1% and above for traditional brokers. A survey of nearly 1,000 financial planners by Inside Information, a trade publication, found that the bigger the portfolio, the lower the percentage clients paid in fees.</p><p><blockquote>机器人顾问的费用从0.25%左右开始，传统经纪商的费用会增加到1%及以上。行业出版物Inside Information对近1,000名理财规划师进行的一项调查发现，投资组合越大，客户支付的费用比例就越低。</blockquote></p><p> The median annual charge hovered at around 1% for portfolios of $1 million or less, and 0.5% for portfolios worth $5 million to $10 million.</p><p><blockquote>对于100万美元或以下的投资组合，年费中位数徘徊在1%左右，对于价值500万至1000万美元的投资组合，年费中位数徘徊在0.5%左右。</blockquote></p><p> Robo advisers like those on offer from Goldman Sachs and Betterment differ from robo platforms like Robinhood. The former suggest portfolios focused on exchange-traded funds, while Robinhood allows users to invest in individual ETFs, stocks, options and even cryptocurrencies.</p><p><blockquote>高盛和Betterment提供的机器人顾问与Robinhood等机器人平台不同。前者建议投资组合专注于交易所交易基金，而Robinhood允许用户投资个人ETF、股票、期权甚至加密货币。</blockquote></p><p> <b>Robo investing as a self-driving car</b></p><p><blockquote><b>机器人投资作为自动驾驶汽车</b></blockquote></p><p> Consumers have turned to robo-investing at unprecedented levels during the pandemic.</p><p><blockquote>在疫情期间，消费者以前所未有的水平转向机器人投资。</blockquote></p><p> The rate of new accounts opened jumped between 50% and 300% during the first quarter of 2020 compared to the fourth quarter of last year, according to a May report published by research and advisory firm Aite Group.</p><p><blockquote>根据研究和咨询公司艾特集团5月份发布的一份报告，与去年第四季度相比，2020年第一季度的新开户率跃升了50%至300%。</blockquote></p><p> So what is rob-investing? Think of it like a self-driving car.</p><p><blockquote>那么什么是rob投资呢？把它想象成一辆自动驾驶汽车。</blockquote></p><p> You put in your destination, buckle up in the backseat and your driver (robo adviser) will get there. You, the passenger, can’t easily slam the breaks if you fear your driver is leading you in the wrong direction. Nor can you put your foot on the gas pedal if you’re in a rush and want to get to your destination faster.</p><p><blockquote>你输入你的目的地，在后座系好安全带，你的司机（机器人顾问）就会到达那里。作为乘客，如果你担心你的司机把你引向错误的方向，你就不能轻易刹车。如果您赶时间并想更快地到达目的地，也不能踩油门。</blockquote></p><p> Robo-investing platforms use advanced-trading algorithm software to design investment portfolios based on factors such as an individual’s appetite for risk-taking and desired short-term and long-term returns.</p><p><blockquote>机器人投资平台使用先进的交易算法软件，根据个人的风险偏好以及期望的短期和长期回报等因素来设计投资组合。</blockquote></p><p> There are over 200 platforms that provide these services charging typically no more than a 0.5% annual advisory fee, compared to the 1% annual fee human investment advisors charge.</p><p><blockquote>有200多个平台提供这些服务，每年收取的咨询费通常不超过0.5%，而人力投资顾问收取的年费为1%。</blockquote></p><p> And rather than investing entirely on your own, which can become a second job and lead to emotional investment decisions, robo advisers handle buying and selling assets.</p><p><blockquote>机器人顾问处理资产的买卖，而不是完全自己投资，这可能成为第二份工作并导致情绪化的投资决策。</blockquote></p><p> Cynthia Loh, Schwab vice president of Digital Advice and Innovation, disagrees, and argues that robo investing doesn’t mean giving technology control of your money. Schwab, she said, has a team of investment experts who oversee investment strategy and keep watch during periods of market volatility, although some services have more input from humans than others.</p><p><blockquote>嘉信理财数字咨询和创新副总裁辛西娅·洛(Cynthia Loh)不同意这种观点，她认为机器人投资并不意味着让技术控制你的资金。她说，嘉信理财拥有一支投资专家团队，负责监督投资策略并在市场波动期间进行监控，尽管有些服务比其他服务有更多的人工输入。</blockquote></p><p> As she recently wrote on MarketWatch: “One common misconception about automated investing is that choosing a robo adviser essentially means handing control of your money over to robots. The truth is that robo solutions have a combination of automated and human components running things behind the scenes.”</p><p><blockquote>正如她最近在MarketWatch上所写：“关于自动化投资的一个常见误解是，选择机器人顾问本质上意味着将资金的控制权交给机器人。事实是，机器人解决方案结合了自动化和人工组件，在幕后运行事物。”</blockquote></p><p> <b>Robos appeal to inexperienced investors</b></p><p><blockquote><b>机器人吸引缺乏经验的投资者</b></blockquote></p><p> Robo investing tends to appeal to inexperienced investors or ones who don’t have the time or energy to manage their own portfolios. These investors can take comfort in the “set it and forget it approach to investing and overtime let the markets do their thing,” Barse said.</p><p><blockquote>机器人投资往往吸引缺乏经验的投资者或没有时间或精力管理自己投资组合的投资者。巴尔斯说，这些投资者可以对“一劳永逸”的投资方法感到放心，随着时间的推移，让市场做自己的事情”。</blockquote></p><p> That makes it much easier to stomach market volatility knowing that you don’t necessarily have to make spur-of-the-moment decisions to buy or sell assets, said Tiffany Lam-Balfour, an investing and retirement specialist at NerdWallet.</p><p><blockquote>NerdWallet的投资和退休专家蒂芙尼·拉姆-贝尔福(Tiffany Lam-Balfour)表示，这使得你更容易承受市场波动，因为你不一定必须做出购买或出售资产的冲动决定。</blockquote></p><p> “When you’re investing, you don’t want to keep looking at the market and going ‘Oh I need to get out of this,’” she said. “You want to leave it to the professionals to get you through it because they know what your time horizon is, and they’ll adjust your portfolio automatically for you.”</p><p><blockquote>“当你投资时，你不会想一直关注市场并说‘哦，我需要摆脱困境’，”她说。“你想让专业人士来帮你度过难关，因为他们知道你的时间范围，他们会自动为你调整你的投资组合。”</blockquote></p><p></p><p> That said, “you can’t just expect your investments will only go up. Even if you had the world’s best human financial adviser you can’t expect that.”</p><p><blockquote>也就是说，“你不能指望你的投资只会上涨。即使你有世界上最好的人类财务顾问，你也不能指望这一点。”</blockquote></p><p> Others disagree, and say robo advisers appeal to older investors. “Planning for and paying yourself in retirement is complex. There are many options out there to help investors through it, and robo investing is one of them,” Loh said.</p><p><blockquote>其他人不同意，并表示机器人顾问对老年投资者有吸引力。“退休后的规划和支付费用很复杂。有很多选择可以帮助投资者度过难关，机器人投资就是其中之一，”Loh说。</blockquote></p><p> “Many thoughtful, long-term investors have discovered that they want a more modern, streamlined, and inexpensive way to invest, and robo investing fits the bill. They are happy to let technology handle the mundane activities that are harder and more time-consuming for investors to do themselves,” she added.</p><p><blockquote>“许多深思熟虑的长期投资者发现，他们想要一种更现代、更简化、更便宜的投资方式，而机器人投资正好符合这一要求。他们很乐意让技术来处理更困难、更耗时的日常活动。投资者自己做，”她补充道。</blockquote></p><p> <b>There is often no door to knock on</b></p><p><blockquote><b>常常无门可敲</b></blockquote></p><p> Your robo adviser only knows what you tell it. The simplistic questionnaire you’re required to fill out will on most robo-investing platforms will collect information on your annual income, desired age to retire and the level of risk you’re willing to take on.</p><p><blockquote>你的机器人顾问只知道你告诉它什么。大多数机器人投资平台上要求您填写的简单问卷将收集有关您的年收入、期望退休年龄以及您愿意承担的风险水平的信息。</blockquote></p><p> It won’t however know if you just had a child and would like to begin saving for their education down the road or if you recently lost your job.</p><p><blockquote>然而，它不会知道你是否刚刚有了一个孩子，并想开始为他们的教育存钱，或者你是否最近失业了。</blockquote></p><p> “The question then becomes to whom does that person go to for advice and does that platform offer that and if so, to what level of complexity?” said Barse.</p><p><blockquote>“那么问题就变成了那个人向谁寻求建议？该平台是否提供建议？如果提供，复杂程度如何？”巴斯说。</blockquote></p><p> Not all platforms give individualized investment advice and the hybrid models that do offer advice from a human tend to charge higher annual fees.</p><p><blockquote>并非所有平台都提供个性化投资建议，提供人工建议的混合模式往往会收取更高的年费。</blockquote></p><p> Additionally, a robo adviser won’t necessarily “manage your money with tax efficiency at front of mind,” said Roger Ma, a certified financial planner at Lifelaidout, a New York City-based financial advisory group.</p><p><blockquote>此外，纽约市财务咨询集团Lifelaidout的注册财务规划师罗杰·马(Roger Ma)表示，机器人顾问不一定“在管理资金时首先考虑税收效率”。</blockquote></p><p> For instance, one common way investors offset the taxes they pay on long-term investments is by selling assets that have accrued losses. Traditional advisers often specialize in constructing portfolios that lead to the most tax-efficient outcomes, said Ma, who is the author of “Work Your Money, Not Your Life”.</p><p><blockquote>例如，投资者抵消长期投资税款的一种常见方式是出售已累计亏损的资产。《工作你的钱，而不是你的生活》一书的作者马说，传统顾问通常专注于构建能带来最节税结果的投资组合。</blockquote></p><p> But with robo investing, the trades that are made for you are the same ones that are being made for a slew of other investors who may fall under a different tax-bracket than you.</p><p><blockquote>但通过机器人投资，为您进行的交易与为许多其他投资者进行的交易是相同的，这些投资者可能属于与您不同的税级。</blockquote></p><p> On top of that, while robo investing may feel like a simplistic way to get into investing, especially for beginners it can “overcomplicate investing,” Ma said.</p><p><blockquote>最重要的是，虽然机器人投资可能感觉像是一种简单的投资方式，特别是对于初学者来说，它可能会“使投资过于复杂”，马云说。</blockquote></p><p> “If you are just looking to dip your toe in and you want to feel like you’re invested in a diversified portfolio, I wouldn’t say definitely don’t do a robo adviser,” he said.</p><p><blockquote>“如果你只是想尝试一下，并且想感觉自己投资于多元化的投资组合，我不会说绝对不要聘请机器人顾问，”他说。</blockquote></p><p> Don’t rule out investing through a target-date fund that selects a single fund to invest in and adjusts the position over time based on their investment goals, he added.</p><p><blockquote>他补充说，不要排除通过目标日期基金进行投资，该基金选择单一基金进行投资，并根据投资目标随着时间的推移调整头寸。</blockquote></p><p> But not everyone can tell the difference between robo advice and advice from a human being. In 2015, MarketWatch asked four prominent robo advisers and four of the traditional, flesh-and-blood variety to construct portfolios for a hypothetical 35-year-old investor with $40,000 to invest.</p><p><blockquote>但并不是每个人都能区分机器人的建议和人类的建议。2015年，MarketWatch请四位著名的机器人顾问和四位传统的有血有肉的机器人顾问为一位假设的35岁投资者构建投资组合，投资金额为40,000美元。</blockquote></p><p> The results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.</p><p><blockquote>对于机器人顾问的批评者来说，结果或许令人惊讶。Pinnacle Advisory Group的研究总监Michael Kitces在审查结果后表示，机器人的建议与人类顾问的建议“没有太大不同”。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/goldman-sachs-is-joining-the-robo-investing-party-should-you-11613658128?mod=home-page\">Marketwatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/goldman-sachs-is-joining-the-robo-investing-party-should-you-11613658128?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161529893","content_text":"‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\n\nRobo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.\nNow anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by some of Goldman Sachs’ wealthiest clients for a 0.35% annual advisory fee. But investing experts say there are more costs to consider before jumping on the robo-investing train.\n“Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\nAlthough the 35 basis-point price tag is a “loss leader” to Goldman Sachs, he said companies typically make such offers in order to attract clients to cross-sell them banking products.\n“People forget that banks are ultimately in the business of making money,” he said.\nGoldman Sachs declined to comment.\nThe company is among other major financial-services firms offering digital advisers, including Vanguard, Fidelity and Schwab SCHW, +1.03% and startups such as Betterment and Wealthfront.\nFees for robo advisers can start at around 0.25%, and increase to 1% and above for traditional brokers. A survey of nearly 1,000 financial planners by Inside Information, a trade publication, found that the bigger the portfolio, the lower the percentage clients paid in fees.\nThe median annual charge hovered at around 1% for portfolios of $1 million or less, and 0.5% for portfolios worth $5 million to $10 million.\nRobo advisers like those on offer from Goldman Sachs and Betterment differ from robo platforms like Robinhood. The former suggest portfolios focused on exchange-traded funds, while Robinhood allows users to invest in individual ETFs, stocks, options and even cryptocurrencies.\nRobo investing as a self-driving car\nConsumers have turned to robo-investing at unprecedented levels during the pandemic.\nThe rate of new accounts opened jumped between 50% and 300% during the first quarter of 2020 compared to the fourth quarter of last year, according to a May report published by research and advisory firm Aite Group.\nSo what is rob-investing? Think of it like a self-driving car.\nYou put in your destination, buckle up in the backseat and your driver (robo adviser) will get there. You, the passenger, can’t easily slam the breaks if you fear your driver is leading you in the wrong direction. Nor can you put your foot on the gas pedal if you’re in a rush and want to get to your destination faster.\nRobo-investing platforms use advanced-trading algorithm software to design investment portfolios based on factors such as an individual’s appetite for risk-taking and desired short-term and long-term returns.\nThere are over 200 platforms that provide these services charging typically no more than a 0.5% annual advisory fee, compared to the 1% annual fee human investment advisors charge.\nAnd rather than investing entirely on your own, which can become a second job and lead to emotional investment decisions, robo advisers handle buying and selling assets.\nCynthia Loh, Schwab vice president of Digital Advice and Innovation, disagrees, and argues that robo investing doesn’t mean giving technology control of your money. Schwab, she said, has a team of investment experts who oversee investment strategy and keep watch during periods of market volatility, although some services have more input from humans than others.\nAs she recently wrote on MarketWatch: “One common misconception about automated investing is that choosing a robo adviser essentially means handing control of your money over to robots. The truth is that robo solutions have a combination of automated and human components running things behind the scenes.”\nRobos appeal to inexperienced investors\nRobo investing tends to appeal to inexperienced investors or ones who don’t have the time or energy to manage their own portfolios. These investors can take comfort in the “set it and forget it approach to investing and overtime let the markets do their thing,” Barse said.\nThat makes it much easier to stomach market volatility knowing that you don’t necessarily have to make spur-of-the-moment decisions to buy or sell assets, said Tiffany Lam-Balfour, an investing and retirement specialist at NerdWallet.\n“When you’re investing, you don’t want to keep looking at the market and going ‘Oh I need to get out of this,’” she said. “You want to leave it to the professionals to get you through it because they know what your time horizon is, and they’ll adjust your portfolio automatically for you.”\nThat said, “you can’t just expect your investments will only go up. Even if you had the world’s best human financial adviser you can’t expect that.”\nOthers disagree, and say robo advisers appeal to older investors. “Planning for and paying yourself in retirement is complex. There are many options out there to help investors through it, and robo investing is one of them,” Loh said.\n“Many thoughtful, long-term investors have discovered that they want a more modern, streamlined, and inexpensive way to invest, and robo investing fits the bill. They are happy to let technology handle the mundane activities that are harder and more time-consuming for investors to do themselves,” she added.\nThere is often no door to knock on\nYour robo adviser only knows what you tell it. The simplistic questionnaire you’re required to fill out will on most robo-investing platforms will collect information on your annual income, desired age to retire and the level of risk you’re willing to take on.\nIt won’t however know if you just had a child and would like to begin saving for their education down the road or if you recently lost your job.\n“The question then becomes to whom does that person go to for advice and does that platform offer that and if so, to what level of complexity?” said Barse.\nNot all platforms give individualized investment advice and the hybrid models that do offer advice from a human tend to charge higher annual fees.\nAdditionally, a robo adviser won’t necessarily “manage your money with tax efficiency at front of mind,” said Roger Ma, a certified financial planner at Lifelaidout, a New York City-based financial advisory group.\nFor instance, one common way investors offset the taxes they pay on long-term investments is by selling assets that have accrued losses. Traditional advisers often specialize in constructing portfolios that lead to the most tax-efficient outcomes, said Ma, who is the author of “Work Your Money, Not Your Life”.\nBut with robo investing, the trades that are made for you are the same ones that are being made for a slew of other investors who may fall under a different tax-bracket than you.\nOn top of that, while robo investing may feel like a simplistic way to get into investing, especially for beginners it can “overcomplicate investing,” Ma said.\n“If you are just looking to dip your toe in and you want to feel like you’re invested in a diversified portfolio, I wouldn’t say definitely don’t do a robo adviser,” he said.\nDon’t rule out investing through a target-date fund that selects a single fund to invest in and adjusts the position over time based on their investment goals, he added.\nBut not everyone can tell the difference between robo advice and advice from a human being. In 2015, MarketWatch asked four prominent robo advisers and four of the traditional, flesh-and-blood variety to construct portfolios for a hypothetical 35-year-old investor with $40,000 to invest.\nThe results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":452,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314044919,"gmtCreate":1612282006231,"gmtModify":1703759961714,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/314044919","repostId":"1121523059","repostType":4,"repost":{"id":"1121523059","kind":"news","pubTimestamp":1612262282,"share":"https://www.laohu8.com/m/news/1121523059?lang=zh_CN&edition=full","pubTime":"2021-02-02 18:38","market":"us","language":"en","title":"Ford to invest $1 billion to upgrade South Africa operations<blockquote>福特将投资10亿美元升级南非业务</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1121523059","media":"reuters","summary":"JOHANNESBURG (Reuters) - Ford Motor Co will invest $1.05 billion in its South African manufacturing ","content":"<p>JOHANNESBURG (Reuters) - Ford Motor Co will invest $1.05 billion in its South African manufacturing operations, including upgrades to expand production of its Ranger pickup truck, the U.S. automaker said on Tuesday.</p><p><blockquote>约翰内斯堡（路透社）-美国汽车制造商福特汽车公司周二表示，将向其南非制造业务投资10.5亿美元，包括升级以扩大其Ranger皮卡的生产。</blockquote></p><p> The investments aim to increase Ford’s installed capacity in South Africa from 168,000 to 200,000 vehicles, said Andrea Cavallaro, operations director of Ford’s International Market Group.</p><p><blockquote>福特国际市场集团运营总监Andrea Cavallaro表示，这些投资旨在将福特在南非的装机容量从16.8万辆增加到20万辆。</blockquote></p><p> “It’s the biggest investment in Ford’s 97-year history in South Africa and one of the largest ever in the local automotive industry,” he told an announcement event.</p><p><blockquote>“这是福特在南非97年历史上最大的投资，也是当地汽车行业有史以来最大的投资之一，”他在宣布活动中表示。</blockquote></p><p> The amount includes $683 million for technology upgrades and new facilities at its plant in Silverton, a suburb of the administrative capital Pretoria, and $365 million to upgrade tooling at major supplier factories.</p><p><blockquote>其中包括6.83亿美元用于其位于行政首都比勒陀利亚郊区西尔弗顿工厂的技术升级和新设施，以及3.65亿美元用于主要供应商工厂的工具升级。</blockquote></p><p> The expanded production will create 1,200 jobs with Ford in South Africa, increasing the local workforce to 5,500 employees, while adding an estimated 10,000 new jobs across the carmaker’s supplier network.</p><p><blockquote>扩大生产将为福特在南非创造1,200个就业岗位，使当地员工人数增加到5,500人，同时在该汽车制造商的供应商网络中增加约10,000个新就业岗位。</blockquote></p><p> Ford also aims to make the Silverton plant entirely energy self-sufficient and carbon neutral by 2024, Cavallaro said.</p><p><blockquote>卡瓦拉罗表示，福特还计划到2024年使西尔弗顿工厂完全实现能源自给自足和碳中和。</blockquote></p><p></p>","source":"ltzww","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>Ford to invest $1 billion to upgrade South Africa operations<blockquote>福特将投资10亿美元升级南非业务</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\">\nFord to invest $1 billion to upgrade South Africa operations<blockquote>福特将投资10亿美元升级南非业务</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">reuters</strong><span class=\"h-time small\">2021-02-02 18:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p>JOHANNESBURG (Reuters) - Ford Motor Co will invest $1.05 billion in its South African manufacturing operations, including upgrades to expand production of its Ranger pickup truck, the U.S. automaker said on Tuesday.</p><p><blockquote>约翰内斯堡（路透社）-美国汽车制造商福特汽车公司周二表示，将向其南非制造业务投资10.5亿美元，包括升级以扩大其Ranger皮卡的生产。</blockquote></p><p> The investments aim to increase Ford’s installed capacity in South Africa from 168,000 to 200,000 vehicles, said Andrea Cavallaro, operations director of Ford’s International Market Group.</p><p><blockquote>福特国际市场集团运营总监Andrea Cavallaro表示，这些投资旨在将福特在南非的装机容量从16.8万辆增加到20万辆。</blockquote></p><p> “It’s the biggest investment in Ford’s 97-year history in South Africa and one of the largest ever in the local automotive industry,” he told an announcement event.</p><p><blockquote>“这是福特在南非97年历史上最大的投资，也是当地汽车行业有史以来最大的投资之一，”他在宣布活动中表示。</blockquote></p><p> The amount includes $683 million for technology upgrades and new facilities at its plant in Silverton, a suburb of the administrative capital Pretoria, and $365 million to upgrade tooling at major supplier factories.</p><p><blockquote>其中包括6.83亿美元用于其位于行政首都比勒陀利亚郊区西尔弗顿工厂的技术升级和新设施，以及3.65亿美元用于主要供应商工厂的工具升级。</blockquote></p><p> The expanded production will create 1,200 jobs with Ford in South Africa, increasing the local workforce to 5,500 employees, while adding an estimated 10,000 new jobs across the carmaker’s supplier network.</p><p><blockquote>扩大生产将为福特在南非创造1,200个就业岗位，使当地员工人数增加到5,500人，同时在该汽车制造商的供应商网络中增加约10,000个新就业岗位。</blockquote></p><p> Ford also aims to make the Silverton plant entirely energy self-sufficient and carbon neutral by 2024, Cavallaro said.</p><p><blockquote>卡瓦拉罗表示，福特还计划到2024年使西尔弗顿工厂完全实现能源自给自足和碳中和。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/us-ford-motor-safrica/ford-to-invest-1-billion-to-upgrade-south-africa-operations-idUSKBN2A210U?il=0\">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":"https://static.tigerbbs.com/c9c7511e646b4f70e751ca585ab218a0","relate_stocks":{"F":"福特汽车"},"source_url":"https://www.reuters.com/article/us-ford-motor-safrica/ford-to-invest-1-billion-to-upgrade-south-africa-operations-idUSKBN2A210U?il=0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121523059","content_text":"JOHANNESBURG (Reuters) - Ford Motor Co will invest $1.05 billion in its South African manufacturing operations, including upgrades to expand production of its Ranger pickup truck, the U.S. automaker said on Tuesday.\nThe investments aim to increase Ford’s installed capacity in South Africa from 168,000 to 200,000 vehicles, said Andrea Cavallaro, operations director of Ford’s International Market Group.\n“It’s the biggest investment in Ford’s 97-year history in South Africa and one of the largest ever in the local automotive industry,” he told an announcement event.\nThe amount includes $683 million for technology upgrades and new facilities at its plant in Silverton, a suburb of the administrative capital Pretoria, and $365 million to upgrade tooling at major supplier factories.\nThe expanded production will create 1,200 jobs with Ford in South Africa, increasing the local workforce to 5,500 employees, while adding an estimated 10,000 new jobs across the carmaker’s supplier network.\nFord also aims to make the Silverton plant entirely energy self-sufficient and carbon neutral by 2024, Cavallaro said.","news_type":1,"symbols_score_info":{"F":0.9}},"isVote":1,"tweetType":1,"viewCount":213,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3527667803686145","idStr":"3527667803686145"},"content":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看老虎社区创作指引","text":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看老虎社区创作指引","html":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看老虎社区创作指引"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321095696,"gmtCreate":1615383868815,"gmtModify":1703488196014,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321095696","repostId":"1157854868","repostType":4,"isVote":1,"tweetType":1,"viewCount":1402,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365930989,"gmtCreate":1614687366041,"gmtModify":1703479856145,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Wow nice","listText":"Wow nice","text":"Wow nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/365930989","repostId":"1178558123","repostType":4,"isVote":1,"tweetType":1,"viewCount":1273,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":368708475,"gmtCreate":1614351393097,"gmtModify":1703476790946,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368708475","repostId":"1117820997","repostType":4,"isVote":1,"tweetType":1,"viewCount":1364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360209989,"gmtCreate":1613916112041,"gmtModify":1634551869066,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/360209989","repostId":"1143100356","repostType":4,"isVote":1,"tweetType":1,"viewCount":437,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364401640,"gmtCreate":1614868567980,"gmtModify":1703482244611,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/364401640","repostId":"1104449833","repostType":4,"repost":{"id":"1104449833","kind":"news","pubTimestamp":1614867375,"share":"https://www.laohu8.com/m/news/1104449833?lang=zh_CN&edition=full","pubTime":"2021-03-04 22:16","market":"us","language":"en","title":"Why it's time for investors to go on defense<blockquote>为什么投资者是时候进行防御了</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1104449833","media":"cnn","summary":"It's time for investors to start making safer bets.\nThat's what Howard Marks, co-chairman of Oaktree","content":"<p>It's time for investors to start making safer bets.</p><p><blockquote>投资者是时候开始进行更安全的押注了。</blockquote></p><p> That's what Howard Marks, co-chairman of Oaktree Capital, told CNNMoney editor-at-large Richard Quest on \"Markets Now\" on Wednesday.</p><p><blockquote>这是橡树资本联席董事长霍华德·马克斯(Howard Marks)周三在“Markets Now”节目中向CNNMoney特约编辑理查德·奎斯特(Richard Quest)表示的。</blockquote></p><p> \"Defense is more important than offense\" right now, said Marks, the author of \"Mastering the Market Cycle: Getting the Odds on Your Side.\"</p><p><blockquote>《掌握市场周期：让胜算站在你这边》一书的作者马克斯表示，目前“防守比进攻更重要”。</blockquote></p><p> Investors should consider taking a stake in utilities, and decreasing their investments in more volatile tech stocks, he said.</p><p><blockquote>他表示，投资者应考虑入股公用事业公司，并减少对波动性更大的科技股的投资。</blockquote></p><p> Defense is the name of the game for a few reasons.</p><p><blockquote>防守是游戏的名字有几个原因。</blockquote></p><p> Though stocks have been soaring, Marks warned that we may be nearing the end of the bull cycle.</p><p><blockquote>尽管股市一直在飙升，但马克斯警告说，我们可能已接近牛市周期的尾声。</blockquote></p><p> \"I'm not saying get out,\" he said. \"I think that being out of the market is pretty dangerous today, and I think it would be a mistake to raise cash.\" But more reliable stocks can protect investors from big losses if the climate changes.</p><p><blockquote>“我不是说滚出去，”他说。“我认为今天退出市场是相当危险的，我认为筹集现金将是一个错误。”但如果气候发生变化，更可靠的股票可以保护投资者免受重大损失。</blockquote></p><p> Marks also pointed to the trade war with China as another reason for investors to tread carefully.</p><p><blockquote>马克斯还指出，与中国的贸易战是投资者谨慎行事的另一个原因。</blockquote></p><p> \"We have a trade battle with China, it's probably going to get solved, but it may go off the rails,\" he said. \"And if it goes off the rails, it has very serious consequences for the world economy.\"</p><p><blockquote>“我们与中国有一场贸易战，它可能会得到解决，但也可能会偏离轨道，”他说。“而如果脱轨，将对世界经济造成非常严重的后果。”</blockquote></p><p> \"Markets Now\" streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by CNNMoney's business correspondents, the 15-minute program features incisive commentary from experts.</p><p><blockquote>“Markets Now”每周三中午12:45在纽约证券交易所直播。等。这个15分钟的节目由CNNMoney的商业记者主持，有专家的精辟评论。</blockquote></p><p> You can watch \"Markets Now\" at CNNMoney.com/MarketsNow from your desk or on your phone or tablet. If you can't catch the show live, check out highlights online and through the Markets Now newsletter, delivered to your inbox every afternoon.</p><p><blockquote>你可以在办公桌上、手机或平板电脑上观看CNNMoney.com/MarketsNow的《现在市场》。如果您无法现场观看演出，请在线查看精彩内容，并通过每天下午发送到您收件箱的Markets Now时事通讯查看精彩内容。</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>Why it's time for investors to go on defense<blockquote>为什么投资者是时候进行防御了</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy it's time for investors to go on defense<blockquote>为什么投资者是时候进行防御了</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">cnn</strong><span class=\"h-time small\">2021-03-04 22:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It's time for investors to start making safer bets.</p><p><blockquote>投资者是时候开始进行更安全的押注了。</blockquote></p><p> That's what Howard Marks, co-chairman of Oaktree Capital, told CNNMoney editor-at-large Richard Quest on \"Markets Now\" on Wednesday.</p><p><blockquote>这是橡树资本联席董事长霍华德·马克斯(Howard Marks)周三在“Markets Now”节目中向CNNMoney特约编辑理查德·奎斯特(Richard Quest)表示的。</blockquote></p><p> \"Defense is more important than offense\" right now, said Marks, the author of \"Mastering the Market Cycle: Getting the Odds on Your Side.\"</p><p><blockquote>《掌握市场周期：让胜算站在你这边》一书的作者马克斯表示，目前“防守比进攻更重要”。</blockquote></p><p> Investors should consider taking a stake in utilities, and decreasing their investments in more volatile tech stocks, he said.</p><p><blockquote>他表示，投资者应考虑入股公用事业公司，并减少对波动性更大的科技股的投资。</blockquote></p><p> Defense is the name of the game for a few reasons.</p><p><blockquote>防守是游戏的名字有几个原因。</blockquote></p><p> Though stocks have been soaring, Marks warned that we may be nearing the end of the bull cycle.</p><p><blockquote>尽管股市一直在飙升，但马克斯警告说，我们可能已接近牛市周期的尾声。</blockquote></p><p> \"I'm not saying get out,\" he said. \"I think that being out of the market is pretty dangerous today, and I think it would be a mistake to raise cash.\" But more reliable stocks can protect investors from big losses if the climate changes.</p><p><blockquote>“我不是说滚出去，”他说。“我认为今天退出市场是相当危险的，我认为筹集现金将是一个错误。”但如果气候发生变化，更可靠的股票可以保护投资者免受重大损失。</blockquote></p><p> Marks also pointed to the trade war with China as another reason for investors to tread carefully.</p><p><blockquote>马克斯还指出，与中国的贸易战是投资者谨慎行事的另一个原因。</blockquote></p><p> \"We have a trade battle with China, it's probably going to get solved, but it may go off the rails,\" he said. \"And if it goes off the rails, it has very serious consequences for the world economy.\"</p><p><blockquote>“我们与中国有一场贸易战，它可能会得到解决，但也可能会偏离轨道，”他说。“而如果脱轨，将对世界经济造成非常严重的后果。”</blockquote></p><p> \"Markets Now\" streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by CNNMoney's business correspondents, the 15-minute program features incisive commentary from experts.</p><p><blockquote>“Markets Now”每周三中午12:45在纽约证券交易所直播。等。这个15分钟的节目由CNNMoney的商业记者主持，有专家的精辟评论。</blockquote></p><p> You can watch \"Markets Now\" at CNNMoney.com/MarketsNow from your desk or on your phone or tablet. If you can't catch the show live, check out highlights online and through the Markets Now newsletter, delivered to your inbox every afternoon.</p><p><blockquote>你可以在办公桌上、手机或平板电脑上观看CNNMoney.com/MarketsNow的《现在市场》。如果您无法现场观看演出，请在线查看精彩内容，并通过每天下午发送到您收件箱的Markets Now时事通讯查看精彩内容。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2018/10/03/investing/markets-now-investing-defense/index.html\">cnn</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://edition.cnn.com/2018/10/03/investing/markets-now-investing-defense/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104449833","content_text":"It's time for investors to start making safer bets.\nThat's what Howard Marks, co-chairman of Oaktree Capital, told CNNMoney editor-at-large Richard Quest on \"Markets Now\" on Wednesday.\n\"Defense is more important than offense\" right now, said Marks, the author of \"Mastering the Market Cycle: Getting the Odds on Your Side.\"\nInvestors should consider taking a stake in utilities, and decreasing their investments in more volatile tech stocks, he said.\nDefense is the name of the game for a few reasons.\nThough stocks have been soaring, Marks warned that we may be nearing the end of the bull cycle.\n\"I'm not saying get out,\" he said. \"I think that being out of the market is pretty dangerous today, and I think it would be a mistake to raise cash.\" But more reliable stocks can protect investors from big losses if the climate changes.\nMarks also pointed to the trade war with China as another reason for investors to tread carefully.\n\"We have a trade battle with China, it's probably going to get solved, but it may go off the rails,\" he said. \"And if it goes off the rails, it has very serious consequences for the world economy.\"\n\"Markets Now\" streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by CNNMoney's business correspondents, the 15-minute program features incisive commentary from experts.\nYou can watch \"Markets Now\" at CNNMoney.com/MarketsNow from your desk or on your phone or tablet. If you can't catch the show live, check out highlights online and through the Markets Now newsletter, delivered to your inbox every afternoon.","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385863822,"gmtCreate":1613531648566,"gmtModify":1634553272995,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/385863822","repostId":"1146471319","repostType":4,"repost":{"id":"1146471319","kind":"news","pubTimestamp":1613530073,"share":"https://www.laohu8.com/m/news/1146471319?lang=zh_CN&edition=full","pubTime":"2021-02-17 10:47","market":"us","language":"en","title":"Amazon Completes Purchase of Shopify Competitor Selz<blockquote>亚马逊完成对Shopify竞争对手Selz的收购</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1146471319","media":"The Wall Street Journal","summary":"Web retailing giant had formed team to study Shopify amid growing competition for smaller merchants ","content":"<p>Web retailing giant had formed team to study Shopify amid growing competition for smaller merchants creating online stores</p><p><blockquote>在小型商家创建在线商店的竞争日益激烈的情况下，网络零售巨头已组建团队来研究Shopify</blockquote></p><p> Amazon . com Inc. said it has acquired Australian e-commerce company Selz, in a deal that underscores an increased focus on fast-growing rival Shopify Inc.</p><p><blockquote>亚马逊。com Inc.表示，已收购澳大利亚电子商务公司Selz，这笔交易突显出该公司对快速增长的竞争对手Shopify Inc.的日益关注。</blockquote></p><p> Terms of the deal weren’t disclosed. A spokeswoman for Amazon said the deal, which Selz announced on its website about a month ago, has been completed and nothing will change for Selz’s merchants or their customers.</p><p><blockquote>交易条款没有披露。亚马逊发言人表示，Selz大约一个月前在其网站上宣布的这笔交易已经完成，Selz的商家或客户不会有任何变化。</blockquote></p><p> Founded in 2013, Selz serves as an online platform that helps small and medium-size companies launch and maintain their online businesses. The private company employs more than 30 people, according to data firm PitchBook. Previous backers include Macdoch Venture and Adcock Private Equity, PitchBook said.</p><p><blockquote>Selz成立于2013年，是一个在线平台，帮助中小型公司启动和维护其在线业务。根据数据公司PitchBook的数据，这家私营公司拥有30多名员工。PitchBook表示，之前的支持者包括Macdoch Venture和Adcock Private Equity。</blockquote></p><p> Amazon hasheightened its effortsto match fast-growing Shopify, which also aids small merchants in creating online shops. Last year, Amazon created a secret team named “Project Santos” to replicate part of Shopify’s business model, The Wall Street Journal reported in December.</p><p><blockquote>亚马逊加大了与快速增长的Shopify竞争的力度，Shopify也帮助小商家创建在线商店。据《华尔街日报》去年12月报道，去年，亚马逊创建了一个名为“Project Santos”的秘密团队，以复制Shopify的部分商业模式。</blockquote></p><p> As the pandemic has made online shopping more popular, brick-and-mortar stores have invested more intotheir e-commerce presence. Some estimates have the sector expanding by 50% in 2020.</p><p><blockquote>随着疫情使网上购物变得更加流行，实体店对其电子商务业务进行了更多投资。据估计，该行业在2020年将增长50%。</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>Amazon Completes Purchase of Shopify Competitor Selz<blockquote>亚马逊完成对Shopify竞争对手Selz的收购</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\">\nAmazon Completes Purchase of Shopify Competitor Selz<blockquote>亚马逊完成对Shopify竞争对手Selz的收购</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-02-17 10:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Web retailing giant had formed team to study Shopify amid growing competition for smaller merchants creating online stores</p><p><blockquote>在小型商家创建在线商店的竞争日益激烈的情况下，网络零售巨头已组建团队来研究Shopify</blockquote></p><p> Amazon . com Inc. said it has acquired Australian e-commerce company Selz, in a deal that underscores an increased focus on fast-growing rival Shopify Inc.</p><p><blockquote>亚马逊。com Inc.表示，已收购澳大利亚电子商务公司Selz，这笔交易突显出该公司对快速增长的竞争对手Shopify Inc.的日益关注。</blockquote></p><p> Terms of the deal weren’t disclosed. A spokeswoman for Amazon said the deal, which Selz announced on its website about a month ago, has been completed and nothing will change for Selz’s merchants or their customers.</p><p><blockquote>交易条款没有披露。亚马逊发言人表示，Selz大约一个月前在其网站上宣布的这笔交易已经完成，Selz的商家或客户不会有任何变化。</blockquote></p><p> Founded in 2013, Selz serves as an online platform that helps small and medium-size companies launch and maintain their online businesses. The private company employs more than 30 people, according to data firm PitchBook. Previous backers include Macdoch Venture and Adcock Private Equity, PitchBook said.</p><p><blockquote>Selz成立于2013年，是一个在线平台，帮助中小型公司启动和维护其在线业务。根据数据公司PitchBook的数据，这家私营公司拥有30多名员工。PitchBook表示，之前的支持者包括Macdoch Venture和Adcock Private Equity。</blockquote></p><p> Amazon hasheightened its effortsto match fast-growing Shopify, which also aids small merchants in creating online shops. Last year, Amazon created a secret team named “Project Santos” to replicate part of Shopify’s business model, The Wall Street Journal reported in December.</p><p><blockquote>亚马逊加大了与快速增长的Shopify竞争的力度，Shopify也帮助小商家创建在线商店。据《华尔街日报》去年12月报道，去年，亚马逊创建了一个名为“Project Santos”的秘密团队，以复制Shopify的部分商业模式。</blockquote></p><p> As the pandemic has made online shopping more popular, brick-and-mortar stores have invested more intotheir e-commerce presence. Some estimates have the sector expanding by 50% in 2020.</p><p><blockquote>随着疫情使网上购物变得更加流行，实体店对其电子商务业务进行了更多投资。据估计，该行业在2020年将增长50%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/amazon-completes-purchase-of-shopify-competitor-selz-11613513401?mod=hp_lista_pos5\">The Wall Street Journal</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":{"AMZN":"亚马逊","SHOP":"Shopify Inc"},"source_url":"https://www.wsj.com/articles/amazon-completes-purchase-of-shopify-competitor-selz-11613513401?mod=hp_lista_pos5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146471319","content_text":"Web retailing giant had formed team to study Shopify amid growing competition for smaller merchants creating online stores\nAmazon . com Inc. said it has acquired Australian e-commerce company Selz, in a deal that underscores an increased focus on fast-growing rival Shopify Inc.\nTerms of the deal weren’t disclosed. A spokeswoman for Amazon said the deal, which Selz announced on its website about a month ago, has been completed and nothing will change for Selz’s merchants or their customers.\nFounded in 2013, Selz serves as an online platform that helps small and medium-size companies launch and maintain their online businesses. The private company employs more than 30 people, according to data firm PitchBook. Previous backers include Macdoch Venture and Adcock Private Equity, PitchBook said.\nAmazon hasheightened its effortsto match fast-growing Shopify, which also aids small merchants in creating online shops. Last year, Amazon created a secret team named “Project Santos” to replicate part of Shopify’s business model, The Wall Street Journal reported in December.\nAs the pandemic has made online shopping more popular, brick-and-mortar stores have invested more intotheir e-commerce presence. Some estimates have the sector expanding by 50% in 2020.","news_type":1,"symbols_score_info":{"AMZN":0.9,"SHOP":0.9}},"isVote":1,"tweetType":1,"viewCount":269,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899817045,"gmtCreate":1628173356287,"gmtModify":1633752933839,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"This is clearly fud.","listText":"This is clearly fud.","text":"This is clearly fud.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/899817045","repostId":"1184393508","repostType":2,"isVote":1,"tweetType":1,"viewCount":1024,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":383602922,"gmtCreate":1612870143866,"gmtModify":1703766051356,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/383602922","repostId":"1176373590","repostType":4,"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":380181901,"gmtCreate":1612523589603,"gmtModify":1703763073482,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"🚀🚀🚀","listText":"🚀🚀🚀","text":"🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/380181901","repostId":"1180970570","repostType":4,"repost":{"id":"1180970570","kind":"news","pubTimestamp":1612501989,"share":"https://www.laohu8.com/m/news/1180970570?lang=zh_CN&edition=full","pubTime":"2021-02-05 13:13","market":"us","language":"en","title":"The dark side of the GameStop bubble: Driving stock prices to the moon can hurt America<blockquote>游戏驿站泡沫的阴暗面：将股价推上月球会伤害美国</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180970570","media":"marketwatch","summary":"Shares of GameStop and other companies or assets that shot upin value in recent weeks are now droppi","content":"<p>Shares of GameStop&nbsp;and other companies or&nbsp;assets that shot upin value in recent weeks are now&nbsp;dropping&nbsp;like stones. While I feel sorry for the many investors who will likely lose a lot of money, the stocks’ return to Earth is actually a good thing — if you want to avoid financial meltdown to the long list of crises the U.S. is facing.</p><p><blockquote>游戏驿站和其他最近几周价值飙升的公司或资产的股价现在像石头一样下跌。虽然我为许多可能会损失很多钱的投资者感到难过，但如果你想避免金融崩溃成为美国面临的一长串危机，股票回归地球实际上是一件好事。</blockquote></p><p>The reason has to do with what financial markets are — and what they are not — as well as what happens when prices of stocks and other securities become untethered from the fundamental value of the assets they’re meant to represent.</p><p><blockquote>原因与金融市场是什么以及它们不是什么有关，以及当股票和其他证券的价格脱离它们所代表的资产的基本价值时会发生什么有关。</blockquote></p><p>As a finance professor who does&nbsp;research on how markets respond to new information, I believe it is important to maintain a close link between security prices and fundamentals. When that stops happening, a market collapse may be not far behind.</p><p><blockquote>作为一名研究市场如何对新信息做出反应的金融学教授，我认为保持证券价格和基本面之间的密切联系非常重要。当这种情况停止发生时，市场崩溃可能就在不远处。</blockquote></p><p>Capital markets aren’t casinos</p><p><blockquote>资本市场不是赌场</blockquote></p><p>Some have portrayed&nbsp;GameStopGME,-42.11%as a David vs. Goliath story. According to that narrative, the big guys on Wall Street have been getting rich gambling on the stock marketSPX,+1.09%for years. What’s the problem when the little guy gets a chance?</p><p><blockquote>有些人将GameStopGME(-42.11%)描绘成大卫与歌利亚的故事。根据这种说法，华尔街的大佬们多年来一直在股市SPX上赌博致富，+1.09%。小家伙一有机会有什么问题？</blockquote></p><p>The first thing to keep in mind is that markets aren’t a big casino,&nbsp;as some seem to believe. Their core purpose is to efficiently connect investors with companies and other organizations that will make the most productive use of their cash.</p><p><blockquote>首先要记住的是，市场并不像一些人认为的那样是一个大赌场。他们的核心目的是有效地将投资者与公司和其他组织联系起来，最有效地利用他们的现金。</blockquote></p><p>Accurate market prices, meant to reflect a company’s expected profits and overall risk level, provide an important signal to investors whether they should hand over their money and what they should get in return. Companies like AppleAAPL,+2.58%and AmazonAMZN,+0.56%simply would not exist as we know them today without&nbsp;access to capital markets.</p><p><blockquote>准确的市场价格旨在反映公司的预期利润和整体风险水平，为投资者提供了一个重要信号，即他们是否应该交出资金以及应该获得什么回报。如果没有资本市场，像AppleAAPL(+2.58%)和AmazonAMZN(+0.56%)这样的公司就不会像我们今天所知的那样存在。</blockquote></p><p>The more jaundiced view of markets focuses on episodes when&nbsp;markets seemingly go crazy&nbsp;and on the&nbsp;speculative gambling behavior of some traders, such as&nbsp;hedge funds. The GameStop saga feeds into this storyline.</p><p><blockquote>对市场更有偏见的看法集中在市场似乎变得疯狂的时候，以及一些交易者（如对冲基金）的投机赌博行为。游戏驿站传奇融入了这个故事情节。</blockquote></p><p>But GameStop also illustrates what happens when stock prices don’t reflect reality.</p><p><blockquote>但游戏驿站也说明了当股价不能反映现实时会发生什么。</blockquote></p><p>The GameStop bubble</p><p><blockquote>游戏驿站泡沫</blockquote></p><p>GameStop fundamentals&nbsp;are, to put it mildly, lackluster.</p><p><blockquote>委婉地说，游戏驿站的基本面黯淡无光。</blockquote></p><p>The company is a brick-and-mortar chain of video game stores. Most video game sales now&nbsp;take place as digital downloads. GameStop&nbsp;has been slow&nbsp;to adapt to this new reality. Its revenue peaked in&nbsp;2012 at US$9.55 billion&nbsp;and had dropped by a third&nbsp;as of 2019. It hasn’t earned a profit since 2017. Put simply, it is a money-losing company in a competitive and quickly changing industry.</p><p><blockquote>该公司是一家实体视频游戏连锁店。现在大多数视频游戏销售都是以数字下载的形式进行的。游戏驿站在适应这一新现实方面进展缓慢。其收入在2012年达到95.5亿美元的峰值，截至2019年下降了三分之一。自2017年以来，它就没有盈利过。简单来说，就是在竞争激烈、瞬息万变的行业中，它是一家亏损的公司。</blockquote></p><p>The recent speculative frenzy, however, increased the GameStop stock price&nbsp;from under $20 in early January to as high as $483&nbsp;in a little over two weeks,&nbsp;driven by retail investors on Reddit&nbsp;who coordinated their buying to harm hedge funds,&nbsp;costing the professionals billions of dollars.</p><p><blockquote>然而，最近的投机狂潮使游戏驿站股价在两周多一点的时间内从1月初的不到20美元上涨至483美元，这是由Reddit上的散户投资者推动的，他们协调购买以损害对冲基金，使专业人士损失了数十亿美元。</blockquote></p><p>It is&nbsp;clearly a speculative price bubble&nbsp;and has some characteristics of a Ponzi scheme. Many small investors who “get on the train” late and buy at the inflated prices — especially&nbsp;those attracted by the extreme price moves&nbsp;and media coverage — will be left holding the bag.</p><p><blockquote>这显然是一个投机性的价格泡沫，具有庞氏骗局的一些特征。许多晚“上车”并以虚高的价格买入的小投资者——尤其是那些被极端价格走势和媒体报道吸引的小投资者——将背黑锅。</blockquote></p><p>And sooner or later, the stock price will likely come back to Earth to a level that can be supported by the fundamentals of the company. Before midday on Feb. 4, shares&nbsp;were trading near $70for the first time since Jan. 25.</p><p><blockquote>股价迟早会回到能够得到公司基本面支撑的水平。2月4日中午之前，股价自1月25日以来首次接近70美元。</blockquote></p><p>The problems begin when that doesn’t happen until too late.</p><p><blockquote>当为时已晚时，问题就开始了。</blockquote></p><p>Bubbles are made to pop</p><p><blockquote>泡泡被制造出来</blockquote></p><p>Financial markets are made up of people. People are imperfect, and so are markets. This means market prices are not always “right” — and it’s often hard to know what the “right” price is.</p><p><blockquote>金融市场是由人组成的。人是不完美的，市场也是。这意味着市场价格并不总是“正确”的——而且通常很难知道什么是“正确”的价格。</blockquote></p><p>That is true when it comes to the price bubbles in individual stocks like GameStop. But it’s also true on a much bigger scale, when it comes to a market as a whole.</p><p><blockquote>当涉及到游戏驿站等个股的价格泡沫时，情况确实如此。但当涉及到整个市场时，在更大的范围内也是如此。</blockquote></p><p>Price bubbles and crashes are good for neither Wall Street nor Main Street. When the dot-com bubble popped in 2000 —&nbsp;after prices of dozens of tech stocks soared exponentially in the late 1990s&nbsp;— an&nbsp;economic recession&nbsp;followed soon after. The bursting of a&nbsp;housing bubble in 2008&nbsp;triggered a global financial crisis and the Great Recession.</p><p><blockquote>价格泡沫和崩盘对华尔街和大街都没有好处。当2000年互联网泡沫破裂时——在20世纪90年代末数十只科技股的价格呈指数级飙升——经济衰退随之而来。2008年房地产泡沫的破裂引发了全球金融危机和大衰退。</blockquote></p><p>Too much momentum</p><p><blockquote>动力太大</blockquote></p><p>So markets fail sometimes, and we need sensible regulation and enforcement to make such failures less likely.</p><p><blockquote>因此，市场有时会失灵，我们需要明智的监管和执法来减少这种失灵的可能性。</blockquote></p><p>Taken in isolation, the GameStop craze is unlikely to trigger a disruption to the overall stock market, especially if its price continues to fall more in line with the company’s fundamental value. Unfortunately, this was not an isolated case. Nor was GameStop the first sign of problems.</p><p><blockquote>孤立地看，游戏驿站热潮不太可能引发整体股市的混乱，特别是如果其价格继续下跌，更符合公司的基本价值。不幸的是，这不是一个孤立的案例。游戏驿站也不是问题的第一个迹象。</blockquote></p><p>In recent days, Reddit users have also driven up the&nbsp;prices of silverSI00,0.61%&nbsp;and&nbsp;companies&nbsp;such as BlackBerryBB,+1.25%and movie theater giant AMC EntertainmentAMC,-20.96%.Popular trading apps like Robinhood&nbsp;have made trading easy, fun&nbsp;and basically free.</p><p><blockquote>最近几天，Reddit用户还推高了silverSI00(0.61%)以及BlackBerryBB(+1.25%)和电影院巨头AMC EntertainmentAMC(-20.96%)等公司的价格。Robinhood等流行的交易应用程序使交易变得轻松、有趣且基本上免费。</blockquote></p><p></p><p>The share price of TeslaTSLA,-0.55%,for example,&nbsp;skyrocketed 720% last year, in large part when investors bought the stock because it was already rising. This is called&nbsp;momentum investing, a trading strategy in which investors buy securities because they are going up — selling them only when they think the price has peaked.</p><p><blockquote>例如，特斯拉TSLA(-0.55%)的股价去年飙升了720%，很大程度上是因为投资者买入该股是因为该股已经在上涨。这被称为动量投资，这是一种交易策略，投资者购买证券是因为他们正在上涨，只有当他们认为价格已经见顶时才出售。</blockquote></p><p>If this continues, it will likely lead to more financial bubbles and crashes that could make it harder for companies to raise capital, posing a threat to the&nbsp;already limping U.S. economic recovery. Even if the worst doesn’t happen, large price movements and allegations of price manipulation&nbsp;could hurt public confidence&nbsp;in financial markets, which would make people more reluctant to invest in retirement and other programs.</p><p><blockquote>如果这种情况持续下去，可能会导致更多的金融泡沫和崩溃，使企业更难筹集资金，对本已步履蹒跚的美国经济复苏构成威胁。即使最坏的情况没有发生，价格大幅波动和价格操纵指控也可能损害公众对金融市场的信心，这将使人们更不愿意投资于退休和其他项目。</blockquote></p><p>Warren Buffett&nbsp;once said&nbsp;about stock market behavior: “The light can at any time go from green to red without pausing at yellow.”</p><p><blockquote>沃伦·巴菲特曾经谈到股市行为时说过：“灯可以随时从绿色变成红色，而不会在黄色时暂停。”</blockquote></p><p>What he meant was that markets can turn on a dime and plunge. He saw these moments as opportunities to find deals in the market, but for most people they result in panic, heavy losses and economic consequences like mass unemployment — as we saw in 1929, 2000 and 2008.</p><p><blockquote>他的意思是，市场可能会突然转向并暴跌。他认为这些时刻是在市场上寻找交易的机会，但对大多数人来说，它们会导致恐慌、重大损失和大规模失业等经济后果——就像我们在1929年、2000年和2008年看到的那样。</blockquote></p><p>There’s no particular reason it won’t happen again.</p><p><blockquote>没有什么特别的理由不会再发生。</blockquote></p><p><i>Alexander Kurov is a professor of finance and holds the Fred T. Tattersall Research Chair in Finance at West Virginia University In Morgantown. This was first published byThe Conversation— “Wall Street isn’t just a casino where traders can bet on GameStop and other stocks – it’s essential to keeping capitalism from&nbsp;crashing“.</i></p><p><blockquote><i>亚历山大·库罗夫是摩根敦西弗吉尼亚大学金融学教授，并担任弗雷德·T·塔特索尔金融学研究主席。这篇文章最初由The Conversation发表——“华尔街不仅仅是交易者可以押注游戏驿站和其他股票的赌场——它对于防止资本主义崩溃至关重要”。</i></blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The dark side of the GameStop bubble: Driving stock prices to the moon can hurt America<blockquote>游戏驿站泡沫的阴暗面：将股价推上月球会伤害美国</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe dark side of the GameStop bubble: Driving stock prices to the moon can hurt America<blockquote>游戏驿站泡沫的阴暗面：将股价推上月球会伤害美国</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">marketwatch</strong><span class=\"h-time small\">2021-02-05 13:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Shares of GameStop&nbsp;and other companies or&nbsp;assets that shot upin value in recent weeks are now&nbsp;dropping&nbsp;like stones. While I feel sorry for the many investors who will likely lose a lot of money, the stocks’ return to Earth is actually a good thing — if you want to avoid financial meltdown to the long list of crises the U.S. is facing.</p><p><blockquote>游戏驿站和其他最近几周价值飙升的公司或资产的股价现在像石头一样下跌。虽然我为许多可能会损失很多钱的投资者感到难过，但如果你想避免金融崩溃成为美国面临的一长串危机，股票回归地球实际上是一件好事。</blockquote></p><p>The reason has to do with what financial markets are — and what they are not — as well as what happens when prices of stocks and other securities become untethered from the fundamental value of the assets they’re meant to represent.</p><p><blockquote>原因与金融市场是什么以及它们不是什么有关，以及当股票和其他证券的价格脱离它们所代表的资产的基本价值时会发生什么有关。</blockquote></p><p>As a finance professor who does&nbsp;research on how markets respond to new information, I believe it is important to maintain a close link between security prices and fundamentals. When that stops happening, a market collapse may be not far behind.</p><p><blockquote>作为一名研究市场如何对新信息做出反应的金融学教授，我认为保持证券价格和基本面之间的密切联系非常重要。当这种情况停止发生时，市场崩溃可能就在不远处。</blockquote></p><p>Capital markets aren’t casinos</p><p><blockquote>资本市场不是赌场</blockquote></p><p>Some have portrayed&nbsp;GameStopGME,-42.11%as a David vs. Goliath story. According to that narrative, the big guys on Wall Street have been getting rich gambling on the stock marketSPX,+1.09%for years. What’s the problem when the little guy gets a chance?</p><p><blockquote>有些人将GameStopGME(-42.11%)描绘成大卫与歌利亚的故事。根据这种说法，华尔街的大佬们多年来一直在股市SPX上赌博致富，+1.09%。小家伙一有机会有什么问题？</blockquote></p><p>The first thing to keep in mind is that markets aren’t a big casino,&nbsp;as some seem to believe. Their core purpose is to efficiently connect investors with companies and other organizations that will make the most productive use of their cash.</p><p><blockquote>首先要记住的是，市场并不像一些人认为的那样是一个大赌场。他们的核心目的是有效地将投资者与公司和其他组织联系起来，最有效地利用他们的现金。</blockquote></p><p>Accurate market prices, meant to reflect a company’s expected profits and overall risk level, provide an important signal to investors whether they should hand over their money and what they should get in return. Companies like AppleAAPL,+2.58%and AmazonAMZN,+0.56%simply would not exist as we know them today without&nbsp;access to capital markets.</p><p><blockquote>准确的市场价格旨在反映公司的预期利润和整体风险水平，为投资者提供了一个重要信号，即他们是否应该交出资金以及应该获得什么回报。如果没有资本市场，像AppleAAPL(+2.58%)和AmazonAMZN(+0.56%)这样的公司就不会像我们今天所知的那样存在。</blockquote></p><p>The more jaundiced view of markets focuses on episodes when&nbsp;markets seemingly go crazy&nbsp;and on the&nbsp;speculative gambling behavior of some traders, such as&nbsp;hedge funds. The GameStop saga feeds into this storyline.</p><p><blockquote>对市场更有偏见的看法集中在市场似乎变得疯狂的时候，以及一些交易者（如对冲基金）的投机赌博行为。游戏驿站传奇融入了这个故事情节。</blockquote></p><p>But GameStop also illustrates what happens when stock prices don’t reflect reality.</p><p><blockquote>但游戏驿站也说明了当股价不能反映现实时会发生什么。</blockquote></p><p>The GameStop bubble</p><p><blockquote>游戏驿站泡沫</blockquote></p><p>GameStop fundamentals&nbsp;are, to put it mildly, lackluster.</p><p><blockquote>委婉地说，游戏驿站的基本面黯淡无光。</blockquote></p><p>The company is a brick-and-mortar chain of video game stores. Most video game sales now&nbsp;take place as digital downloads. GameStop&nbsp;has been slow&nbsp;to adapt to this new reality. Its revenue peaked in&nbsp;2012 at US$9.55 billion&nbsp;and had dropped by a third&nbsp;as of 2019. It hasn’t earned a profit since 2017. Put simply, it is a money-losing company in a competitive and quickly changing industry.</p><p><blockquote>该公司是一家实体视频游戏连锁店。现在大多数视频游戏销售都是以数字下载的形式进行的。游戏驿站在适应这一新现实方面进展缓慢。其收入在2012年达到95.5亿美元的峰值，截至2019年下降了三分之一。自2017年以来，它就没有盈利过。简单来说，就是在竞争激烈、瞬息万变的行业中，它是一家亏损的公司。</blockquote></p><p>The recent speculative frenzy, however, increased the GameStop stock price&nbsp;from under $20 in early January to as high as $483&nbsp;in a little over two weeks,&nbsp;driven by retail investors on Reddit&nbsp;who coordinated their buying to harm hedge funds,&nbsp;costing the professionals billions of dollars.</p><p><blockquote>然而，最近的投机狂潮使游戏驿站股价在两周多一点的时间内从1月初的不到20美元上涨至483美元，这是由Reddit上的散户投资者推动的，他们协调购买以损害对冲基金，使专业人士损失了数十亿美元。</blockquote></p><p>It is&nbsp;clearly a speculative price bubble&nbsp;and has some characteristics of a Ponzi scheme. Many small investors who “get on the train” late and buy at the inflated prices — especially&nbsp;those attracted by the extreme price moves&nbsp;and media coverage — will be left holding the bag.</p><p><blockquote>这显然是一个投机性的价格泡沫，具有庞氏骗局的一些特征。许多晚“上车”并以虚高的价格买入的小投资者——尤其是那些被极端价格走势和媒体报道吸引的小投资者——将背黑锅。</blockquote></p><p>And sooner or later, the stock price will likely come back to Earth to a level that can be supported by the fundamentals of the company. Before midday on Feb. 4, shares&nbsp;were trading near $70for the first time since Jan. 25.</p><p><blockquote>股价迟早会回到能够得到公司基本面支撑的水平。2月4日中午之前，股价自1月25日以来首次接近70美元。</blockquote></p><p>The problems begin when that doesn’t happen until too late.</p><p><blockquote>当为时已晚时，问题就开始了。</blockquote></p><p>Bubbles are made to pop</p><p><blockquote>泡泡被制造出来</blockquote></p><p>Financial markets are made up of people. People are imperfect, and so are markets. This means market prices are not always “right” — and it’s often hard to know what the “right” price is.</p><p><blockquote>金融市场是由人组成的。人是不完美的，市场也是。这意味着市场价格并不总是“正确”的——而且通常很难知道什么是“正确”的价格。</blockquote></p><p>That is true when it comes to the price bubbles in individual stocks like GameStop. But it’s also true on a much bigger scale, when it comes to a market as a whole.</p><p><blockquote>当涉及到游戏驿站等个股的价格泡沫时，情况确实如此。但当涉及到整个市场时，在更大的范围内也是如此。</blockquote></p><p>Price bubbles and crashes are good for neither Wall Street nor Main Street. When the dot-com bubble popped in 2000 —&nbsp;after prices of dozens of tech stocks soared exponentially in the late 1990s&nbsp;— an&nbsp;economic recession&nbsp;followed soon after. The bursting of a&nbsp;housing bubble in 2008&nbsp;triggered a global financial crisis and the Great Recession.</p><p><blockquote>价格泡沫和崩盘对华尔街和大街都没有好处。当2000年互联网泡沫破裂时——在20世纪90年代末数十只科技股的价格呈指数级飙升——经济衰退随之而来。2008年房地产泡沫的破裂引发了全球金融危机和大衰退。</blockquote></p><p>Too much momentum</p><p><blockquote>动力太大</blockquote></p><p>So markets fail sometimes, and we need sensible regulation and enforcement to make such failures less likely.</p><p><blockquote>因此，市场有时会失灵，我们需要明智的监管和执法来减少这种失灵的可能性。</blockquote></p><p>Taken in isolation, the GameStop craze is unlikely to trigger a disruption to the overall stock market, especially if its price continues to fall more in line with the company’s fundamental value. Unfortunately, this was not an isolated case. Nor was GameStop the first sign of problems.</p><p><blockquote>孤立地看，游戏驿站热潮不太可能引发整体股市的混乱，特别是如果其价格继续下跌，更符合公司的基本价值。不幸的是，这不是一个孤立的案例。游戏驿站也不是问题的第一个迹象。</blockquote></p><p>In recent days, Reddit users have also driven up the&nbsp;prices of silverSI00,0.61%&nbsp;and&nbsp;companies&nbsp;such as BlackBerryBB,+1.25%and movie theater giant AMC EntertainmentAMC,-20.96%.Popular trading apps like Robinhood&nbsp;have made trading easy, fun&nbsp;and basically free.</p><p><blockquote>最近几天，Reddit用户还推高了silverSI00(0.61%)以及BlackBerryBB(+1.25%)和电影院巨头AMC EntertainmentAMC(-20.96%)等公司的价格。Robinhood等流行的交易应用程序使交易变得轻松、有趣且基本上免费。</blockquote></p><p></p><p>The share price of TeslaTSLA,-0.55%,for example,&nbsp;skyrocketed 720% last year, in large part when investors bought the stock because it was already rising. This is called&nbsp;momentum investing, a trading strategy in which investors buy securities because they are going up — selling them only when they think the price has peaked.</p><p><blockquote>例如，特斯拉TSLA(-0.55%)的股价去年飙升了720%，很大程度上是因为投资者买入该股是因为该股已经在上涨。这被称为动量投资，这是一种交易策略，投资者购买证券是因为他们正在上涨，只有当他们认为价格已经见顶时才出售。</blockquote></p><p>If this continues, it will likely lead to more financial bubbles and crashes that could make it harder for companies to raise capital, posing a threat to the&nbsp;already limping U.S. economic recovery. Even if the worst doesn’t happen, large price movements and allegations of price manipulation&nbsp;could hurt public confidence&nbsp;in financial markets, which would make people more reluctant to invest in retirement and other programs.</p><p><blockquote>如果这种情况持续下去，可能会导致更多的金融泡沫和崩溃，使企业更难筹集资金，对本已步履蹒跚的美国经济复苏构成威胁。即使最坏的情况没有发生，价格大幅波动和价格操纵指控也可能损害公众对金融市场的信心，这将使人们更不愿意投资于退休和其他项目。</blockquote></p><p>Warren Buffett&nbsp;once said&nbsp;about stock market behavior: “The light can at any time go from green to red without pausing at yellow.”</p><p><blockquote>沃伦·巴菲特曾经谈到股市行为时说过：“灯可以随时从绿色变成红色，而不会在黄色时暂停。”</blockquote></p><p>What he meant was that markets can turn on a dime and plunge. He saw these moments as opportunities to find deals in the market, but for most people they result in panic, heavy losses and economic consequences like mass unemployment — as we saw in 1929, 2000 and 2008.</p><p><blockquote>他的意思是，市场可能会突然转向并暴跌。他认为这些时刻是在市场上寻找交易的机会，但对大多数人来说，它们会导致恐慌、重大损失和大规模失业等经济后果——就像我们在1929年、2000年和2008年看到的那样。</blockquote></p><p>There’s no particular reason it won’t happen again.</p><p><blockquote>没有什么特别的理由不会再发生。</blockquote></p><p><i>Alexander Kurov is a professor of finance and holds the Fred T. Tattersall Research Chair in Finance at West Virginia University In Morgantown. This was first published byThe Conversation— “Wall Street isn’t just a casino where traders can bet on GameStop and other stocks – it’s essential to keeping capitalism from&nbsp;crashing“.</i></p><p><blockquote><i>亚历山大·库罗夫是摩根敦西弗吉尼亚大学金融学教授，并担任弗雷德·T·塔特索尔金融学研究主席。这篇文章最初由The Conversation发表——“华尔街不仅仅是交易者可以押注游戏驿站和其他股票的赌场——它对于防止资本主义崩溃至关重要”。</i></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/the-dark-side-of-the-gamestop-bubble-driving-stock-prices-to-the-moon-can-hurt-america-11612457839?mod=home-page\">marketwatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b72bab52a7d49e9d26088350ab4826c1","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.marketwatch.com/story/the-dark-side-of-the-gamestop-bubble-driving-stock-prices-to-the-moon-can-hurt-america-11612457839?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180970570","content_text":"Shares of GameStop and other companies or assets that shot upin value in recent weeks are now dropping like stones. While I feel sorry for the many investors who will likely lose a lot of money, the stocks’ return to Earth is actually a good thing — if you want to avoid financial meltdown to the long list of crises the U.S. is facing.The reason has to do with what financial markets are — and what they are not — as well as what happens when prices of stocks and other securities become untethered from the fundamental value of the assets they’re meant to represent.As a finance professor who does research on how markets respond to new information, I believe it is important to maintain a close link between security prices and fundamentals. When that stops happening, a market collapse may be not far behind.Capital markets aren’t casinosSome have portrayed GameStopGME,-42.11%as a David vs. Goliath story. According to that narrative, the big guys on Wall Street have been getting rich gambling on the stock marketSPX,+1.09%for years. What’s the problem when the little guy gets a chance?The first thing to keep in mind is that markets aren’t a big casino, as some seem to believe. Their core purpose is to efficiently connect investors with companies and other organizations that will make the most productive use of their cash.Accurate market prices, meant to reflect a company’s expected profits and overall risk level, provide an important signal to investors whether they should hand over their money and what they should get in return. Companies like AppleAAPL,+2.58%and AmazonAMZN,+0.56%simply would not exist as we know them today without access to capital markets.The more jaundiced view of markets focuses on episodes when markets seemingly go crazy and on the speculative gambling behavior of some traders, such as hedge funds. The GameStop saga feeds into this storyline.But GameStop also illustrates what happens when stock prices don’t reflect reality.The GameStop bubbleGameStop fundamentals are, to put it mildly, lackluster.The company is a brick-and-mortar chain of video game stores. Most video game sales now take place as digital downloads. GameStop has been slow to adapt to this new reality. Its revenue peaked in 2012 at US$9.55 billion and had dropped by a third as of 2019. It hasn’t earned a profit since 2017. Put simply, it is a money-losing company in a competitive and quickly changing industry.The recent speculative frenzy, however, increased the GameStop stock price from under $20 in early January to as high as $483 in a little over two weeks, driven by retail investors on Reddit who coordinated their buying to harm hedge funds, costing the professionals billions of dollars.It is clearly a speculative price bubble and has some characteristics of a Ponzi scheme. Many small investors who “get on the train” late and buy at the inflated prices — especially those attracted by the extreme price moves and media coverage — will be left holding the bag.And sooner or later, the stock price will likely come back to Earth to a level that can be supported by the fundamentals of the company. Before midday on Feb. 4, shares were trading near $70for the first time since Jan. 25.The problems begin when that doesn’t happen until too late.Bubbles are made to popFinancial markets are made up of people. People are imperfect, and so are markets. This means market prices are not always “right” — and it’s often hard to know what the “right” price is.That is true when it comes to the price bubbles in individual stocks like GameStop. But it’s also true on a much bigger scale, when it comes to a market as a whole.Price bubbles and crashes are good for neither Wall Street nor Main Street. When the dot-com bubble popped in 2000 — after prices of dozens of tech stocks soared exponentially in the late 1990s — an economic recession followed soon after. The bursting of a housing bubble in 2008 triggered a global financial crisis and the Great Recession.Too much momentumSo markets fail sometimes, and we need sensible regulation and enforcement to make such failures less likely.Taken in isolation, the GameStop craze is unlikely to trigger a disruption to the overall stock market, especially if its price continues to fall more in line with the company’s fundamental value. Unfortunately, this was not an isolated case. Nor was GameStop the first sign of problems.In recent days, Reddit users have also driven up the prices of silverSI00,0.61% and companies such as BlackBerryBB,+1.25%and movie theater giant AMC EntertainmentAMC,-20.96%.Popular trading apps like Robinhood have made trading easy, fun and basically free.The share price of TeslaTSLA,-0.55%,for example, skyrocketed 720% last year, in large part when investors bought the stock because it was already rising. This is called momentum investing, a trading strategy in which investors buy securities because they are going up — selling them only when they think the price has peaked.If this continues, it will likely lead to more financial bubbles and crashes that could make it harder for companies to raise capital, posing a threat to the already limping U.S. economic recovery. Even if the worst doesn’t happen, large price movements and allegations of price manipulation could hurt public confidence in financial markets, which would make people more reluctant to invest in retirement and other programs.Warren Buffett once said about stock market behavior: “The light can at any time go from green to red without pausing at yellow.”What he meant was that markets can turn on a dime and plunge. He saw these moments as opportunities to find deals in the market, but for most people they result in panic, heavy losses and economic consequences like mass unemployment — as we saw in 1929, 2000 and 2008.There’s no particular reason it won’t happen again.Alexander Kurov is a professor of finance and holds the Fred T. Tattersall Research Chair in Finance at West Virginia University In Morgantown. This was first published byThe Conversation— “Wall Street isn’t just a casino where traders can bet on GameStop and other stocks – it’s essential to keeping capitalism from crashing“.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":332,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317929833,"gmtCreate":1612408296422,"gmtModify":1703761433137,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"🚀🚀","listText":"🚀🚀","text":"🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/317929833","repostId":"1150284862","repostType":4,"isVote":1,"tweetType":1,"viewCount":263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363990486,"gmtCreate":1614089268945,"gmtModify":1634551224895,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Oh no","listText":"Oh no","text":"Oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363990486","repostId":"1198320495","repostType":4,"isVote":1,"tweetType":1,"viewCount":1262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363907536,"gmtCreate":1614089178025,"gmtModify":1634551225373,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568243598509522","idStr":"3568243598509522"},"themes":[],"htmlText":"Like and comment thx!","listText":"Like and comment thx!","text":"Like and comment thx!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363907536","repostId":"1178144401","repostType":4,"isVote":1,"tweetType":1,"viewCount":625,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}