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2021-11-09

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@小虎活动:[Halloween Game] Trade or Treat!

2021-10-22

$Phunware, Inc.(PHUN)$[财迷]

2021-06-03

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2021-04-01

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Here are the ETFs to help you invest in the Biden infrastructure plan<blockquote>以下是帮助您投资拜登基础设施计划的ETF</blockquote>

2021-03-22

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GameStop Earnings Are Coming. Nobody Knows What to Expect.<blockquote>游戏驿站财报即将发布。没人知道会发生什么。</blockquote>

2021-03-17

$Taiwan Semiconductor Manufacturing(TSM)$[黑眼圈]

2021-03-16

Huat

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2021-03-15

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SOS Limited jumped nearly 22%<blockquote>SOS Limited上涨近22%</blockquote>

2021-03-15

$Sundial Growers Inc.(SNDL)$[鬼脸]

2021-03-15

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10 Stocks That Are Vulnerable to a Blowup<blockquote>10只容易爆发的股票</blockquote>

2021-03-13

$Castor Maritime, Inc.(CTRM)$[微笑]

2021-03-13

[贱笑]

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

2021-03-11

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2021-03-11

$Phunware, Inc.(PHUN)$[冷漠]

2021-03-09

Ok

SPAC Pioneers Reap the Rewards After Waiting Nearly 30 Years<blockquote>SPAC先驱等待近30年后收获回报</blockquote>

2021-03-09

Ok

This clear signal says the big tech unwind isn’t done yet, according to strategist<blockquote>策略师表示，这一明确信号表明大型科技股的放松尚未完成</blockquote>

2021-03-08

K

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2021-03-08

End

How to handle market declines<blockquote>如何应对市场下跌</blockquote>

2021-03-08

[惊讶]

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2021-03-08

Ok

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ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/844753506","repostId":"850756569","repostType":1,"repost":{"id":850756569,"gmtCreate":1634631211448,"gmtModify":1635853120757,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/9e396d03155923b283948d2dec9191f8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"36984908995200","idStr":"36984908995200"},"themes":[],"title":"[Halloween Game] Trade or Treat!","htmlText":"Hello, dear Tigers!&nbsp; Happy&nbsp;Halloween!&nbsp;🎃🎃🎃&nbsp;&nbsp; <a href=\"https://www.tigerbrokers.com.sg/activity/market/2021/halloween/?lang=en_US#/\" target=\"_blank\">Tap&nbsp;here&nbsp;to&nbsp;play the Halloween game,&nbsp;and&nbsp;you&nbsp;stand&nbsp;a&nbsp;chance&nbsp;to win various rewards!&nbsp;</a> Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1.&nbsp;How to Participate? All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'.&nbsp; 2.&nbsp;How to collect points? Each player has 30 seconds to catch falling candies while av","listText":"Hello, dear Tigers!&nbsp; Happy&nbsp;Halloween!&nbsp;🎃🎃🎃&nbsp;&nbsp; <a href=\"https://www.tigerbrokers.com.sg/activity/market/2021/halloween/?lang=en_US#/\" target=\"_blank\">Tap&nbsp;here&nbsp;to&nbsp;play the Halloween game,&nbsp;and&nbsp;you&nbsp;stand&nbsp;a&nbsp;chance&nbsp;to win various rewards!&nbsp;</a> Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1.&nbsp;How to Participate? All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'.&nbsp; 2.&nbsp;How to collect points? Each player has 30 seconds to catch falling candies while av","text":"Hello, dear Tigers! Happy Halloween! 🎃🎃🎃 Tap here to play the Halloween game, and you stand a chance to win various rewards! Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1. How to Participate? All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'. 2. How to collect points? Each player has 30 seconds to catch falling candies while av","images":[],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/850756569","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1718,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":851288507,"gmtCreate":1634910685666,"gmtModify":1634910685838,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>[财迷]&nbsp;","listText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>[财迷]&nbsp;","text":"$Phunware, Inc.(PHUN)$[财迷]","images":[{"img":"https://static.tigerbbs.com/d8f997506c6055a7737afd5abb13279e","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/851288507","isVote":1,"tweetType":1,"viewCount":2271,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":118642380,"gmtCreate":1622731678340,"gmtModify":1634098602363,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/118642380","repostId":"1143150601","repostType":4,"isVote":1,"tweetType":1,"viewCount":1808,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357142943,"gmtCreate":1617250943582,"gmtModify":1634521797577,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/357142943","repostId":"1153467447","repostType":4,"repost":{"id":"1153467447","kind":"news","pubTimestamp":1617241636,"share":"https://www.laohu8.com/m/news/1153467447?lang=zh_CN&edition=full","pubTime":"2021-04-01 09:47","market":"us","language":"en","title":"Here are the ETFs to help you invest in the Biden infrastructure plan<blockquote>以下是帮助您投资拜登基础设施计划的ETF</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1153467447","media":"Market Wacth","summary":"As President Joe Biden unveils the massive infrastructure package known asThe American Jobs Plan, th","content":"<p>As President Joe Biden unveils the massive infrastructure package known asThe American Jobs Plan, there are some stocks and exchange-traded funds that will benefit.</p><p><blockquote>随着乔·拜登总统公布被称为美国就业计划的大规模基础设施计划，一些股票和交易所交易基金将受益。</blockquote></p><p>MarketWatch coveredseveral of the infrastructure-specific ETFsback in November, and they may still be a great place for investors to put money to work.</p><p><blockquote>MarketWatch早在11月份就报道了几款基础设施专用ETF，它们可能仍然是投资者投入资金的好地方。</blockquote></p><p>But there are other funds and thematic approaches that may be a bit less obvious but which should offer excellent returns from the kind of spending Biden is proposing. MarketWatch spoke with CFRA’s head of mutual fund and ETF research, Todd Rosenbluth, for some ideas.</p><p><blockquote>但还有其他基金和主题方法可能不太明显，但应该会从拜登提议的支出中提供出色的回报。MarketWatch采访了CFRA共同基金和ETF研究主管Todd Rosenbluth，了解了一些想法。</blockquote></p><p><b>Broadband</b></p><p><blockquote><b>宽带</b></blockquote></p><p>In a release outlining the plan, the Biden administration wrote, “Broadband internet is the new electricity. It is necessary for Americans to do their jobs, to participate equally in school learning, health care, and to stay connected.”</p><p><blockquote>在概述该计划的新闻稿中，拜登政府写道，“宽带互联网是新的电力。美国人有必要做好自己的工作，平等参与学校学习、医疗保健和保持联系。”</blockquote></p><p>To invest in this theme, Rosenbluth suggests the Defiance Next Gen Connectivity ETFFIVG,+0.74%,which has the succinct ticker FIVG. Itsholdingsare “soup to nuts” companies that stand to benefit from a broader roll-out of data infrastructure, including cellular antennas and routers, mobile network operators, satellite-based communications, cloud computing equipment, fiber optic cables, data center real estate investment trusts, and much more.</p><p><blockquote>为了投资这一主题，Rosenbluth建议选择Defiance Next Gen Connectivity ETFFIVG，+0.74%，其简洁的股票代码为FIVG。它持有的是“汤到坚果”的公司，这些公司将从更广泛的数据基础设施推广中受益，包括蜂窝天线和路由器、移动网络运营商、卫星通信、云计算设备、光纤电缆、数据中心房地产投资信托基金，等等。</blockquote></p><p>FIVG has about $1.1 billion in assets, charges a 30-basis point management fee, and has been around for about two years.</p><p><blockquote>FIVG拥有约11亿美元资产，收取30个基点的管理费，成立约两年。</blockquote></p><p>Another option, the Pacer Benchmark Data &amp; Infrastructure Real Estate SCTR ETFSRVR,+0.72%,is more focused, as the name suggests, on the real estate needed for broadband technology. It’s important to note, however, that SRVR ismade up of real estate investment trusts, which have some different implications for investors than straight stocks do.</p><p><blockquote>另一个选择是Pacer基准数据和基础设施房地产SCTR ETFSRVR，+0.72%，顾名思义，更专注于宽带技术所需的房地产。然而，值得注意的是，SRVR由房地产投资信托基金组成，这对投资者的影响与普通股票不同。</blockquote></p><p><b>Water</b></p><p><blockquote><b>水</b></blockquote></p><p>“President Biden’s plan will eliminate all lead pipes and service lines in our drinking water systems, improving the health of our country’s children and communities of color,” the proposal notes.</p><p><blockquote>该提案指出：“拜登总统的计划将消除我们饮用水系统中的所有铅管和服务管线，改善我们国家儿童和有色人种社区的健康。”</blockquote></p><p>“This is an investment theme that I thought was under the radar, but I’m pleasantly surprised to see that this ETF has a billion and a half in it,” Rosenbluth said. The fund in question is the Invesco Water Resources ETFPHO,+0.61%.</p><p><blockquote>Rosenbluth表示：“我认为这是一个不为人知的投资主题，但我惊喜地看到这只ETF有15亿美元。”该基金是景顺水资源ETFPHO，+0.61%。</blockquote></p><p>Rosenbluth calls PHO “extremely diversified” withholdingsin water utilities, machinery companies, industrials and materials companies that make the equipment to improve water infrastructure, life sciences tools and much more.</p><p><blockquote>Rosenbluth评级PHO在水务公司、机械公司、工业和材料公司中“极其多元化”，这些公司生产改善水基础设施、生命科学工具等设备。</blockquote></p><p>One added bonus of an ETF like this one, he said in an interview, is that they “tend to be cross-sector in nature. You’re surrounding the investment theme and participating in the broader ecosystem connected to that theme between the equipment and services.”</p><p><blockquote>他在接受采访时表示，像这样的ETF的一个额外好处是，它们“本质上往往是跨行业的。你围绕着投资主题，并参与到与该主题相关的更广泛的生态系统中。设备和服务。”</blockquote></p><p>The caveat is that it doesn’t fit easily into existing traditional portfolio designs. “This is not an easy replacement for an industrial sector ETF or for ones that track utilities,” Rosenbluth said. “This is a multi-shaped ETF. Still, it can be a nice complemen to an existing portfolio, particularly for an investor with a long-term horizon.”</p><p><blockquote>需要注意的是，它不容易适应现有的传统投资组合设计。Rosenbluth表示：“这并不是工业部门ETF或跟踪公用事业的ETF的简单替代品。”“这是一只多种形式的ETF。尽管如此，它仍然可以成为现有投资组合的良好补充，特别是对于具有长期视野的投资者来说。”</blockquote></p><p>PHO also charges a bit more than many ETFs: 50 basis points. It’s been around since 2005, however.</p><p><blockquote>PHO的收费也比许多ETF高一点：50个基点。然而，它从2005年就已经存在了。</blockquote></p><p><b>Clean energy</b></p><p><blockquote><b>清洁能源</b></blockquote></p><p>As MarketWatch reported in mid-March,clean-energy ETFs have slumped in recent weeks, even though such spending figures prominently in the American Jobs Plan – and in spite of continued gains for the oil priceCL.1,0.63%.</p><p><blockquote>正如MarketWatch 3月中旬报道的那样，尽管此类支出在美国就业计划中占据显着地位，而且尽管油价CL.1, 0.63%持续上涨，但清洁能源ETF最近几周仍大幅下跌。</blockquote></p><p>At the time, Rosenbluth told MarketWatch, “these are really solid long-term investments.”</p><p><blockquote>当时，罗森布鲁斯告诉MarketWatch，“这些确实是可靠的长期投资。”</blockquote></p><p>In the year to date, some of the most-favored clean-energy ETFs are still down substantially after a big run-up in 2020. The largest, the ishares Global Clean Energy ETFICLN,+3.45%,is nearly 14% lower, for example, while the Invesco Solar ETFTAN,+2.80%is off 11%.</p><p><blockquote>今年迄今为止，一些最受青睐的清洁能源ETF在2020年大幅上涨后仍大幅下跌。例如，最大的ishares全球清洁能源ETFICLN(+3.45%)下跌近14%，而Invesco Solar ETFTAN(+2.80%)则下跌11%。</blockquote></p><p>The group rallied Wednesday after the Biden plan was released, suggesting there’s likely to be upside as the legislation advances. Other funds to consider might be the First Trust Nasdaq Clean Edge Green Energy Index FundQCLN,+4.16%,and the ALPS Clean Energy ETF.ACES,+4.32%</p><p><blockquote>拜登计划发布后，该组织周三上涨，表明随着立法的推进，可能会有上行空间。其他需要考虑的基金可能是第一信托纳斯达克清洁边缘绿色能源指数基金QCLN，+4.16%，和ALPS清洁能源ETF.ACES，+4.32%</blockquote></p><p><b>Transportation</b></p><p><blockquote><b>运输</b></blockquote></p><p>It’s not a sector that’s going to see an immediate jump from the infrastructure spending plan, but transportation will get an indirect boost if materials and workers are moved around the country by plane, train, and automobile — and it will be a beneficiary later of improvements to facilities like roads, bridges, airports, and so on.</p><p><blockquote>这不是一个基础设施支出计划会立即大幅增长的行业，但如果材料和工人通过飞机、火车和汽车在全国范围内运输，交通运输将获得间接提振——而且它将成为道路、桥梁、机场等设施改善的受益者。</blockquote></p><p>Rosenbluth suggests investors consider either the iShares TransportationIYT,-0.49%Average ETF, which is market-weighted, or the SPDR S&amp;P Transportation ETFXTN,-0.83%,which is equal-weighted.</p><p><blockquote>Rosenbluth建议投资者考虑iShares TransportationIYT，-0.49%平均ETF（市场加权）或SPDR S&amp;P Transportation ETFXTN，-0.83%（等权重）。</blockquote></p><p>“These funds would seem to be latter cycle beneficiaries as opposed to the companies that will improve the roads and infrastructure but they are a clear beneficiary and investing is about the longer term,” Rosenbluth pointed out.</p><p><blockquote>罗森布鲁斯指出：“这些基金似乎是后一周期的受益者，而不是那些将改善道路和基础设施的公司，但它们是明显的受益者，而且投资是长期的。”</blockquote></p><p></p><p>Given their very different makeup, investors should look carefully at the portfolios for these two ETFs. IYT’s top three holdings, for example, are FedEx Corp.FDX,-0.66%at 12%, Norfolk Southern Corp.NSC,-0.65%at 11%, and Kansas City SouthernKSU,+1.65%making up 11% of the portfolio.</p><p><blockquote>鉴于它们的构成非常不同，投资者应该仔细研究这两只ETF的投资组合。例如，IYT的前三大持股是联邦快递公司FDX，-0.66%，占12%；诺福克南方公司NSC，-0.65%，占11%；堪萨斯城南方KSU，+1.65%，占投资组合的11%。</blockquote></p><p>Kansas City Southern is XTN’s biggest holding, but only makes up 3.2% of the portfolio. Avis Budget Group Inc.CAR,-3.28%is second, at 2.9%, and Expeditors International of Washington Inc.EXPD,+0.42%,a logistics company, is third at 2.8%.</p><p><blockquote>堪萨斯城南方航空是XTN最大的持股，但仅占投资组合的3.2%。Avis Budget Group Inc.CAR,-3.28%排名第二，为2.9%，物流公司Expeditors International of Washington Inc.EXPD,+0.42%排名第三，为2.8%。</blockquote></p><p></p>","source":"lsy1604288433698","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>Here are the ETFs to help you invest in the Biden infrastructure plan<blockquote>以下是帮助您投资拜登基础设施计划的ETF</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\">\nHere are the ETFs to help you invest in the Biden infrastructure plan<blockquote>以下是帮助您投资拜登基础设施计划的ETF</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Market Wacth</strong><span class=\"h-time small\">2021-04-01 09:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p>As President Joe Biden unveils the massive infrastructure package known asThe American Jobs Plan, there are some stocks and exchange-traded funds that will benefit.</p><p><blockquote>随着乔·拜登总统公布被称为美国就业计划的大规模基础设施计划，一些股票和交易所交易基金将受益。</blockquote></p><p>MarketWatch coveredseveral of the infrastructure-specific ETFsback in November, and they may still be a great place for investors to put money to work.</p><p><blockquote>MarketWatch早在11月份就报道了几款基础设施专用ETF，它们可能仍然是投资者投入资金的好地方。</blockquote></p><p>But there are other funds and thematic approaches that may be a bit less obvious but which should offer excellent returns from the kind of spending Biden is proposing. MarketWatch spoke with CFRA’s head of mutual fund and ETF research, Todd Rosenbluth, for some ideas.</p><p><blockquote>但还有其他基金和主题方法可能不太明显，但应该会从拜登提议的支出中提供出色的回报。MarketWatch采访了CFRA共同基金和ETF研究主管Todd Rosenbluth，了解了一些想法。</blockquote></p><p><b>Broadband</b></p><p><blockquote><b>宽带</b></blockquote></p><p>In a release outlining the plan, the Biden administration wrote, “Broadband internet is the new electricity. It is necessary for Americans to do their jobs, to participate equally in school learning, health care, and to stay connected.”</p><p><blockquote>在概述该计划的新闻稿中，拜登政府写道，“宽带互联网是新的电力。美国人有必要做好自己的工作，平等参与学校学习、医疗保健和保持联系。”</blockquote></p><p>To invest in this theme, Rosenbluth suggests the Defiance Next Gen Connectivity ETFFIVG,+0.74%,which has the succinct ticker FIVG. Itsholdingsare “soup to nuts” companies that stand to benefit from a broader roll-out of data infrastructure, including cellular antennas and routers, mobile network operators, satellite-based communications, cloud computing equipment, fiber optic cables, data center real estate investment trusts, and much more.</p><p><blockquote>为了投资这一主题，Rosenbluth建议选择Defiance Next Gen Connectivity ETFFIVG，+0.74%，其简洁的股票代码为FIVG。它持有的是“汤到坚果”的公司，这些公司将从更广泛的数据基础设施推广中受益，包括蜂窝天线和路由器、移动网络运营商、卫星通信、云计算设备、光纤电缆、数据中心房地产投资信托基金，等等。</blockquote></p><p>FIVG has about $1.1 billion in assets, charges a 30-basis point management fee, and has been around for about two years.</p><p><blockquote>FIVG拥有约11亿美元资产，收取30个基点的管理费，成立约两年。</blockquote></p><p>Another option, the Pacer Benchmark Data &amp; Infrastructure Real Estate SCTR ETFSRVR,+0.72%,is more focused, as the name suggests, on the real estate needed for broadband technology. It’s important to note, however, that SRVR ismade up of real estate investment trusts, which have some different implications for investors than straight stocks do.</p><p><blockquote>另一个选择是Pacer基准数据和基础设施房地产SCTR ETFSRVR，+0.72%，顾名思义，更专注于宽带技术所需的房地产。然而，值得注意的是，SRVR由房地产投资信托基金组成，这对投资者的影响与普通股票不同。</blockquote></p><p><b>Water</b></p><p><blockquote><b>水</b></blockquote></p><p>“President Biden’s plan will eliminate all lead pipes and service lines in our drinking water systems, improving the health of our country’s children and communities of color,” the proposal notes.</p><p><blockquote>该提案指出：“拜登总统的计划将消除我们饮用水系统中的所有铅管和服务管线，改善我们国家儿童和有色人种社区的健康。”</blockquote></p><p>“This is an investment theme that I thought was under the radar, but I’m pleasantly surprised to see that this ETF has a billion and a half in it,” Rosenbluth said. The fund in question is the Invesco Water Resources ETFPHO,+0.61%.</p><p><blockquote>Rosenbluth表示：“我认为这是一个不为人知的投资主题，但我惊喜地看到这只ETF有15亿美元。”该基金是景顺水资源ETFPHO，+0.61%。</blockquote></p><p>Rosenbluth calls PHO “extremely diversified” withholdingsin water utilities, machinery companies, industrials and materials companies that make the equipment to improve water infrastructure, life sciences tools and much more.</p><p><blockquote>Rosenbluth评级PHO在水务公司、机械公司、工业和材料公司中“极其多元化”，这些公司生产改善水基础设施、生命科学工具等设备。</blockquote></p><p>One added bonus of an ETF like this one, he said in an interview, is that they “tend to be cross-sector in nature. You’re surrounding the investment theme and participating in the broader ecosystem connected to that theme between the equipment and services.”</p><p><blockquote>他在接受采访时表示，像这样的ETF的一个额外好处是，它们“本质上往往是跨行业的。你围绕着投资主题，并参与到与该主题相关的更广泛的生态系统中。设备和服务。”</blockquote></p><p>The caveat is that it doesn’t fit easily into existing traditional portfolio designs. “This is not an easy replacement for an industrial sector ETF or for ones that track utilities,” Rosenbluth said. “This is a multi-shaped ETF. Still, it can be a nice complemen to an existing portfolio, particularly for an investor with a long-term horizon.”</p><p><blockquote>需要注意的是，它不容易适应现有的传统投资组合设计。Rosenbluth表示：“这并不是工业部门ETF或跟踪公用事业的ETF的简单替代品。”“这是一只多种形式的ETF。尽管如此，它仍然可以成为现有投资组合的良好补充，特别是对于具有长期视野的投资者来说。”</blockquote></p><p>PHO also charges a bit more than many ETFs: 50 basis points. It’s been around since 2005, however.</p><p><blockquote>PHO的收费也比许多ETF高一点：50个基点。然而，它从2005年就已经存在了。</blockquote></p><p><b>Clean energy</b></p><p><blockquote><b>清洁能源</b></blockquote></p><p>As MarketWatch reported in mid-March,clean-energy ETFs have slumped in recent weeks, even though such spending figures prominently in the American Jobs Plan – and in spite of continued gains for the oil priceCL.1,0.63%.</p><p><blockquote>正如MarketWatch 3月中旬报道的那样，尽管此类支出在美国就业计划中占据显着地位，而且尽管油价CL.1, 0.63%持续上涨，但清洁能源ETF最近几周仍大幅下跌。</blockquote></p><p>At the time, Rosenbluth told MarketWatch, “these are really solid long-term investments.”</p><p><blockquote>当时，罗森布鲁斯告诉MarketWatch，“这些确实是可靠的长期投资。”</blockquote></p><p>In the year to date, some of the most-favored clean-energy ETFs are still down substantially after a big run-up in 2020. The largest, the ishares Global Clean Energy ETFICLN,+3.45%,is nearly 14% lower, for example, while the Invesco Solar ETFTAN,+2.80%is off 11%.</p><p><blockquote>今年迄今为止，一些最受青睐的清洁能源ETF在2020年大幅上涨后仍大幅下跌。例如，最大的ishares全球清洁能源ETFICLN(+3.45%)下跌近14%，而Invesco Solar ETFTAN(+2.80%)则下跌11%。</blockquote></p><p>The group rallied Wednesday after the Biden plan was released, suggesting there’s likely to be upside as the legislation advances. Other funds to consider might be the First Trust Nasdaq Clean Edge Green Energy Index FundQCLN,+4.16%,and the ALPS Clean Energy ETF.ACES,+4.32%</p><p><blockquote>拜登计划发布后，该组织周三上涨，表明随着立法的推进，可能会有上行空间。其他需要考虑的基金可能是第一信托纳斯达克清洁边缘绿色能源指数基金QCLN，+4.16%，和ALPS清洁能源ETF.ACES，+4.32%</blockquote></p><p><b>Transportation</b></p><p><blockquote><b>运输</b></blockquote></p><p>It’s not a sector that’s going to see an immediate jump from the infrastructure spending plan, but transportation will get an indirect boost if materials and workers are moved around the country by plane, train, and automobile — and it will be a beneficiary later of improvements to facilities like roads, bridges, airports, and so on.</p><p><blockquote>这不是一个基础设施支出计划会立即大幅增长的行业，但如果材料和工人通过飞机、火车和汽车在全国范围内运输，交通运输将获得间接提振——而且它将成为道路、桥梁、机场等设施改善的受益者。</blockquote></p><p>Rosenbluth suggests investors consider either the iShares TransportationIYT,-0.49%Average ETF, which is market-weighted, or the SPDR S&amp;P Transportation ETFXTN,-0.83%,which is equal-weighted.</p><p><blockquote>Rosenbluth建议投资者考虑iShares TransportationIYT，-0.49%平均ETF（市场加权）或SPDR S&amp;P Transportation ETFXTN，-0.83%（等权重）。</blockquote></p><p>“These funds would seem to be latter cycle beneficiaries as opposed to the companies that will improve the roads and infrastructure but they are a clear beneficiary and investing is about the longer term,” Rosenbluth pointed out.</p><p><blockquote>罗森布鲁斯指出：“这些基金似乎是后一周期的受益者，而不是那些将改善道路和基础设施的公司，但它们是明显的受益者，而且投资是长期的。”</blockquote></p><p></p><p>Given their very different makeup, investors should look carefully at the portfolios for these two ETFs. IYT’s top three holdings, for example, are FedEx Corp.FDX,-0.66%at 12%, Norfolk Southern Corp.NSC,-0.65%at 11%, and Kansas City SouthernKSU,+1.65%making up 11% of the portfolio.</p><p><blockquote>鉴于它们的构成非常不同，投资者应该仔细研究这两只ETF的投资组合。例如，IYT的前三大持股是联邦快递公司FDX，-0.66%，占12%；诺福克南方公司NSC，-0.65%，占11%；堪萨斯城南方KSU，+1.65%，占投资组合的11%。</blockquote></p><p>Kansas City Southern is XTN’s biggest holding, but only makes up 3.2% of the portfolio. Avis Budget Group Inc.CAR,-3.28%is second, at 2.9%, and Expeditors International of Washington Inc.EXPD,+0.42%,a logistics company, is third at 2.8%.</p><p><blockquote>堪萨斯城南方航空是XTN最大的持股，但仅占投资组合的3.2%。Avis Budget Group Inc.CAR,-3.28%排名第二，为2.9%，物流公司Expeditors International of Washington Inc.EXPD,+0.42%排名第三，为2.8%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/here-are-the-etfs-to-help-you-invest-in-the-biden-infrastructure-plan-11617218128?mod=home-page\">Market Wacth</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":{"FIVG":"Defiance Next Gen Connectivity ETF","XTN":"SPDR S&P Transportation ETF","IYT":"运输指数ETF-iShares","ACES":"ALPS Clean Energy ETF","TAN":"太阳能ETF-Guggenheim","ICLN":"iShares S&P Global Clean Energy","SRVR":"PACER DATA & INFRASTRUCTURE REAL ESTATE ETF","PHO":"水资源ETF-PowerShares","QCLN":"First Trust NASDAQ Clean Edge Green Energy Index Fund"},"source_url":"https://www.marketwatch.com/story/here-are-the-etfs-to-help-you-invest-in-the-biden-infrastructure-plan-11617218128?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153467447","content_text":"As President Joe Biden unveils the massive infrastructure package known asThe American Jobs Plan, there are some stocks and exchange-traded funds that will benefit.MarketWatch coveredseveral of the infrastructure-specific ETFsback in November, and they may still be a great place for investors to put money to work.But there are other funds and thematic approaches that may be a bit less obvious but which should offer excellent returns from the kind of spending Biden is proposing. MarketWatch spoke with CFRA’s head of mutual fund and ETF research, Todd Rosenbluth, for some ideas.BroadbandIn a release outlining the plan, the Biden administration wrote, “Broadband internet is the new electricity. It is necessary for Americans to do their jobs, to participate equally in school learning, health care, and to stay connected.”To invest in this theme, Rosenbluth suggests the Defiance Next Gen Connectivity ETFFIVG,+0.74%,which has the succinct ticker FIVG. Itsholdingsare “soup to nuts” companies that stand to benefit from a broader roll-out of data infrastructure, including cellular antennas and routers, mobile network operators, satellite-based communications, cloud computing equipment, fiber optic cables, data center real estate investment trusts, and much more.FIVG has about $1.1 billion in assets, charges a 30-basis point management fee, and has been around for about two years.Another option, the Pacer Benchmark Data & Infrastructure Real Estate SCTR ETFSRVR,+0.72%,is more focused, as the name suggests, on the real estate needed for broadband technology. It’s important to note, however, that SRVR ismade up of real estate investment trusts, which have some different implications for investors than straight stocks do.Water“President Biden’s plan will eliminate all lead pipes and service lines in our drinking water systems, improving the health of our country’s children and communities of color,” the proposal notes.“This is an investment theme that I thought was under the radar, but I’m pleasantly surprised to see that this ETF has a billion and a half in it,” Rosenbluth said. The fund in question is the Invesco Water Resources ETFPHO,+0.61%.Rosenbluth calls PHO “extremely diversified” withholdingsin water utilities, machinery companies, industrials and materials companies that make the equipment to improve water infrastructure, life sciences tools and much more.One added bonus of an ETF like this one, he said in an interview, is that they “tend to be cross-sector in nature. You’re surrounding the investment theme and participating in the broader ecosystem connected to that theme between the equipment and services.”The caveat is that it doesn’t fit easily into existing traditional portfolio designs. “This is not an easy replacement for an industrial sector ETF or for ones that track utilities,” Rosenbluth said. “This is a multi-shaped ETF. Still, it can be a nice complemen to an existing portfolio, particularly for an investor with a long-term horizon.”PHO also charges a bit more than many ETFs: 50 basis points. It’s been around since 2005, however.Clean energyAs MarketWatch reported in mid-March,clean-energy ETFs have slumped in recent weeks, even though such spending figures prominently in the American Jobs Plan – and in spite of continued gains for the oil priceCL.1,0.63%.At the time, Rosenbluth told MarketWatch, “these are really solid long-term investments.”In the year to date, some of the most-favored clean-energy ETFs are still down substantially after a big run-up in 2020. The largest, the ishares Global Clean Energy ETFICLN,+3.45%,is nearly 14% lower, for example, while the Invesco Solar ETFTAN,+2.80%is off 11%.The group rallied Wednesday after the Biden plan was released, suggesting there’s likely to be upside as the legislation advances. Other funds to consider might be the First Trust Nasdaq Clean Edge Green Energy Index FundQCLN,+4.16%,and the ALPS Clean Energy ETF.ACES,+4.32%TransportationIt’s not a sector that’s going to see an immediate jump from the infrastructure spending plan, but transportation will get an indirect boost if materials and workers are moved around the country by plane, train, and automobile — and it will be a beneficiary later of improvements to facilities like roads, bridges, airports, and so on.Rosenbluth suggests investors consider either the iShares TransportationIYT,-0.49%Average ETF, which is market-weighted, or the SPDR S&P Transportation ETFXTN,-0.83%,which is equal-weighted.“These funds would seem to be latter cycle beneficiaries as opposed to the companies that will improve the roads and infrastructure but they are a clear beneficiary and investing is about the longer term,” Rosenbluth pointed out.Given their very different makeup, investors should look carefully at the portfolios for these two ETFs. IYT’s top three holdings, for example, are FedEx Corp.FDX,-0.66%at 12%, Norfolk Southern Corp.NSC,-0.65%at 11%, and Kansas City SouthernKSU,+1.65%making up 11% of the portfolio.Kansas City Southern is XTN’s biggest holding, but only makes up 3.2% of the portfolio. Avis Budget Group Inc.CAR,-3.28%is second, at 2.9%, and Expeditors International of Washington Inc.EXPD,+0.42%,a logistics company, is third at 2.8%.","news_type":1,"symbols_score_info":{"PHO":0.9,"ACES":0.9,"SRVR":0.9,"TAN":0.9,"XTN":0.9,"FIVG":0.9,"IYT":0.9,"QCLN":0.9,"ICLN":0.9}},"isVote":1,"tweetType":1,"viewCount":1950,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359720826,"gmtCreate":1616424834765,"gmtModify":1634525878396,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/359720826","repostId":"1121535008","repostType":2,"repost":{"id":"1121535008","kind":"news","pubTimestamp":1616400620,"share":"https://www.laohu8.com/m/news/1121535008?lang=zh_CN&edition=full","pubTime":"2021-03-22 16:10","market":"us","language":"en","title":"GameStop Earnings Are Coming. Nobody Knows What to Expect.<blockquote>游戏驿站财报即将发布。没人知道会发生什么。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1121535008","media":"Barrons","summary":"After two months of wild trading,GameStop will report results for its January quarter on Tuesday. Wh","content":"<p>After two months of&nbsp;wild trading,GameStop&nbsp;will report results for its&nbsp;January quarter on Tuesday. What that means for the stock is anyone’s guess.</p><p><blockquote>经过两个月的疯狂交易后，游戏驿站将于周二公布一月份季度业绩。这对该股意味着什么谁也说不准。</blockquote></p><p>In a note Thursday, Wedbush analyst Michael Pachter wrote that GameStop is “well-positioned to be a primary beneficiary of the new console launches.” But he thinks the stock is trading at levels that are disconnected from fundamentals. Though Pachter rates the stock at Neutral, he has a $16 price target. GameStop stock was down 0.7% to $200.27 on Friday.</p><p><blockquote>Wedbush分析师Michael Pachter在周四的一份报告中写道，游戏驿站“处于有利地位，可以成为新游戏机发布的主要受益者”。但他认为该股的交易水平与基本面脱节。尽管Pachter将该股评级为中性，但他的目标价为16美元。游戏驿站股价周五下跌0.7%，至200.27美元。</blockquote></p><p>By now, many Americans know why. GameStop stock was widely panned by Wall Street analysts, with the stock falling around the price of a Happy Meal a year ago. It garnered an obscene short interest, meaning hedge funds were&nbsp;lining up to bet on a price decline. But when short sellers get ahead of themselves, positive news can send stocks soaring as they rush to buy shares to close out their bets in the face of unlimited downside.</p><p><blockquote>现在，许多美国人知道原因了。游戏驿站的股票受到了华尔街分析师的广泛批评，股价跌至一年前开心乐园餐的价格附近。它获得了大量的空头兴趣，这意味着对冲基金正在排队押注价格下跌。但当卖空者超前时，利好消息可能会导致股市飙升，因为他们在面临无限下跌的情况下急于购买股票以平仓押注。</blockquote></p><p>In the second half of last year, Chewy co-founder Ryan Cohen entered the mix. He revealed a stake and later called for major changes. He upped his stake in December and joined the board in January with two associates.</p><p><blockquote>去年下半年，Chewy联合创始人瑞安·科恩(Ryan Cohen)加入其中。他透露了一个利害关系，后来呼吁进行重大变革。他在12月增持了股份，并在1月与两名合伙人一起加入了董事会。</blockquote></p><p>Keying in on the stock’s short interest, and the possibility that GameStop could find a second life as a gaming-focused e-commerce player, retail traders on Reddit’s WallStreetBets forum piled into GameStop stock.Technical quirks of options activity, the aforementioned short interest, and the newfound enthusiasm sent GameStop stock surging in January.</p><p><blockquote>Reddit WallStreetBets论坛上的散户交易员关注该股的空头兴趣，以及游戏驿站作为一家专注于游戏的电子商务公司获得第二次生命的可能性，纷纷买入游戏驿站股票。期权活动的技术怪癖、上述空头兴趣以及新发现的热情导致游戏驿站股价在一月份飙升。</blockquote></p><p><img src=\"https://static.tigerbbs.com/af4f6daf9f72eda7b3a36b48e50ba509\" tg-width=\"1064\" tg-height=\"1255\"></p><p><blockquote></blockquote></p><p>WallStreetBets made it to the front pages of national newspapers, and the bearish hedge funds got torched. It also kicked off a debate about short selling, as well as one about retail traders’ access to financial markets after Robinhood and other brokers temporarily limited buying of the stock due to financial requirements from their clearinghouses.</p><p><blockquote>WallStreetBets登上了全国性报纸的头版，看跌的对冲基金也被烧毁了。它还引发了一场关于卖空的辩论，以及一场关于零售交易员进入金融市场的辩论，此前Robinhood和其他经纪商因清算所的财务要求而暂时限制了该股票的购买。</blockquote></p><p>GameStop stock fell back around $40 but surged again in the past month. Though GameStop announced&nbsp;a hunt for a new chief financial officer, some&nbsp;promising e-commerce-focused hires, and a board committee chaired by Cohen to guide its transformation into a technology company, it hasn’t provided an update on sales or its prospects since its holiday sales release on Jan. 11, which signaled a disappointing December.</p><p><blockquote>游戏驿站股价回落至40美元左右，但在过去一个月再次飙升。尽管游戏驿站宣布寻找一位新的首席财务官、一些有前途的专注于电子商务的员工，以及一个由科恩担任主席的董事会委员会来指导其向科技公司的转型，但该公司尚未提供有关销售或其前景的最新信息。自1月11日发布假日销售数据以来，12月份的业绩令人失望。</blockquote></p><p>For the full fiscal fourth quarter, Pachter, the analyst at Wedbush, expects sales of $2.3 billion, comparable sales up 4.8% year-over-year, and adjusted earnings of $1.38 a share. He notes that GameStop’s holiday sales report indicated same-store sales were down year-over-year in December andlagged behind positive industrywide data from NPD.He notes the company has lost market share in recent periods to competitors amid a shift to internet spending.</p><p><blockquote>Wedbush分析师Pachter预计整个第四财季销售额为23亿美元，可比销售额同比增长4.8%，调整后每股收益为1.38美元。他指出，游戏驿站的假日销售报告显示，12月份同店销售额同比下降，落后于NPD积极的全行业数据。他指出，由于转向互联网支出，该公司最近一段时间的市场份额被竞争对手夺走。</blockquote></p><p>BofA Global Research analyst Curtis Nagle wrote in a Friday note that he expects an underwhelming quarter, albeit a profitable one. He wrote that while the recent announcements related to Cohen and new hires are positive, in theory, there haven’t been actual details on cost, timeline, and impacts to earnings of a turnaround plan. He has a $10 price objective with an Underperform rating, noting that the stock’s current valuation and historic multiple would imply earnings before interest, taxes, depreciation, and amortization of $3.5 billion, about four times its peak Ebitda from 2015.</p><p><blockquote>美国银行全球研究分析师柯蒂斯·内格尔在周五的一份报告中写道，他预计本季度尽管盈利，但表现平平。他写道，虽然最近与科恩和新员工相关的公告是积极的，但从理论上讲，还没有关于成本、时间表以及对扭亏为盈计划收益影响的实际细节。他的目标价为10美元，评级为跑输大盘，并指出该股目前的估值和历史市盈率意味着息税折旧摊销前利润为35亿美元，约为2015年Ebitda峰值的四倍。</blockquote></p><p>Nagle’s note included an analysis on the impact of $1,400 direct payments on the stock, the idea being that retail investors will use their latest windfall on GameStop stock. His takeaway is that the “stimmies,” as he calls them, will not impact GameStop stock going forward.</p><p><blockquote>Nagle的报告包括对1400美元直接支付对该股影响的分析，其想法是散户投资者将把他们最新的意外之财用于游戏驿站股票。他的结论是，正如他评级的那样，“刺激”不会影响游戏驿站股票的未来。</blockquote></p><p>Of course, what analysts have said about GameStop stock hasn’t had much of an impact on its recent moves. A positive update on the turnaround plan could thwart the remaining bears in the near term. On the flip side, any commentary on&nbsp;possible stock sales&nbsp;could be negative. Pachter had expected short sellers to abandon their bets, with the stock returning to more fundamental-based levels. That hasn’t happened, he noted.</p><p><blockquote>当然，分析师对游戏驿站股票的评价并没有对其最近的走势产生太大影响。扭亏为盈计划的积极更新可能会在短期内挫败剩余的空头。另一方面，任何关于可能出售股票的评论都可能是负面的。帕切特曾预计卖空者将放弃押注，该股将回到更基于基本面的水平。他指出，这种情况还没有发生。</blockquote></p><p>“Activists control the company’s board, and lead activist Ryan Cohen, founder of Chewy, intends to unveil a new strategy sometime soon,” Pachter added. “When the new strategy is revealed and we are able to evaluate it, we will revisit our estimates and PT.”</p><p><blockquote>帕切特补充道：“激进分子控制着公司董事会，首席激进分子、Chewy创始人瑞安·科恩(Ryan Cohen)打算很快推出一项新战略。”“当新战略公布并且我们能够对其进行评估时，我们将重新审视我们的估计和PT。”</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Earnings Are Coming. Nobody Knows What to Expect.<blockquote>游戏驿站财报即将发布。没人知道会发生什么。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Earnings Are Coming. Nobody Knows What to Expect.<blockquote>游戏驿站财报即将发布。没人知道会发生什么。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-03-22 16:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After two months of&nbsp;wild trading,GameStop&nbsp;will report results for its&nbsp;January quarter on Tuesday. What that means for the stock is anyone’s guess.</p><p><blockquote>经过两个月的疯狂交易后，游戏驿站将于周二公布一月份季度业绩。这对该股意味着什么谁也说不准。</blockquote></p><p>In a note Thursday, Wedbush analyst Michael Pachter wrote that GameStop is “well-positioned to be a primary beneficiary of the new console launches.” But he thinks the stock is trading at levels that are disconnected from fundamentals. Though Pachter rates the stock at Neutral, he has a $16 price target. GameStop stock was down 0.7% to $200.27 on Friday.</p><p><blockquote>Wedbush分析师Michael Pachter在周四的一份报告中写道，游戏驿站“处于有利地位，可以成为新游戏机发布的主要受益者”。但他认为该股的交易水平与基本面脱节。尽管Pachter将该股评级为中性，但他的目标价为16美元。游戏驿站股价周五下跌0.7%，至200.27美元。</blockquote></p><p>By now, many Americans know why. GameStop stock was widely panned by Wall Street analysts, with the stock falling around the price of a Happy Meal a year ago. It garnered an obscene short interest, meaning hedge funds were&nbsp;lining up to bet on a price decline. But when short sellers get ahead of themselves, positive news can send stocks soaring as they rush to buy shares to close out their bets in the face of unlimited downside.</p><p><blockquote>现在，许多美国人知道原因了。游戏驿站的股票受到了华尔街分析师的广泛批评，股价跌至一年前开心乐园餐的价格附近。它获得了大量的空头兴趣，这意味着对冲基金正在排队押注价格下跌。但当卖空者超前时，利好消息可能会导致股市飙升，因为他们在面临无限下跌的情况下急于购买股票以平仓押注。</blockquote></p><p>In the second half of last year, Chewy co-founder Ryan Cohen entered the mix. He revealed a stake and later called for major changes. He upped his stake in December and joined the board in January with two associates.</p><p><blockquote>去年下半年，Chewy联合创始人瑞安·科恩(Ryan Cohen)加入其中。他透露了一个利害关系，后来呼吁进行重大变革。他在12月增持了股份，并在1月与两名合伙人一起加入了董事会。</blockquote></p><p>Keying in on the stock’s short interest, and the possibility that GameStop could find a second life as a gaming-focused e-commerce player, retail traders on Reddit’s WallStreetBets forum piled into GameStop stock.Technical quirks of options activity, the aforementioned short interest, and the newfound enthusiasm sent GameStop stock surging in January.</p><p><blockquote>Reddit WallStreetBets论坛上的散户交易员关注该股的空头兴趣，以及游戏驿站作为一家专注于游戏的电子商务公司获得第二次生命的可能性，纷纷买入游戏驿站股票。期权活动的技术怪癖、上述空头兴趣以及新发现的热情导致游戏驿站股价在一月份飙升。</blockquote></p><p><img src=\"https://static.tigerbbs.com/af4f6daf9f72eda7b3a36b48e50ba509\" tg-width=\"1064\" tg-height=\"1255\"></p><p><blockquote></blockquote></p><p>WallStreetBets made it to the front pages of national newspapers, and the bearish hedge funds got torched. It also kicked off a debate about short selling, as well as one about retail traders’ access to financial markets after Robinhood and other brokers temporarily limited buying of the stock due to financial requirements from their clearinghouses.</p><p><blockquote>WallStreetBets登上了全国性报纸的头版，看跌的对冲基金也被烧毁了。它还引发了一场关于卖空的辩论，以及一场关于零售交易员进入金融市场的辩论，此前Robinhood和其他经纪商因清算所的财务要求而暂时限制了该股票的购买。</blockquote></p><p>GameStop stock fell back around $40 but surged again in the past month. Though GameStop announced&nbsp;a hunt for a new chief financial officer, some&nbsp;promising e-commerce-focused hires, and a board committee chaired by Cohen to guide its transformation into a technology company, it hasn’t provided an update on sales or its prospects since its holiday sales release on Jan. 11, which signaled a disappointing December.</p><p><blockquote>游戏驿站股价回落至40美元左右，但在过去一个月再次飙升。尽管游戏驿站宣布寻找一位新的首席财务官、一些有前途的专注于电子商务的员工，以及一个由科恩担任主席的董事会委员会来指导其向科技公司的转型，但该公司尚未提供有关销售或其前景的最新信息。自1月11日发布假日销售数据以来，12月份的业绩令人失望。</blockquote></p><p>For the full fiscal fourth quarter, Pachter, the analyst at Wedbush, expects sales of $2.3 billion, comparable sales up 4.8% year-over-year, and adjusted earnings of $1.38 a share. He notes that GameStop’s holiday sales report indicated same-store sales were down year-over-year in December andlagged behind positive industrywide data from NPD.He notes the company has lost market share in recent periods to competitors amid a shift to internet spending.</p><p><blockquote>Wedbush分析师Pachter预计整个第四财季销售额为23亿美元，可比销售额同比增长4.8%，调整后每股收益为1.38美元。他指出，游戏驿站的假日销售报告显示，12月份同店销售额同比下降，落后于NPD积极的全行业数据。他指出，由于转向互联网支出，该公司最近一段时间的市场份额被竞争对手夺走。</blockquote></p><p>BofA Global Research analyst Curtis Nagle wrote in a Friday note that he expects an underwhelming quarter, albeit a profitable one. He wrote that while the recent announcements related to Cohen and new hires are positive, in theory, there haven’t been actual details on cost, timeline, and impacts to earnings of a turnaround plan. He has a $10 price objective with an Underperform rating, noting that the stock’s current valuation and historic multiple would imply earnings before interest, taxes, depreciation, and amortization of $3.5 billion, about four times its peak Ebitda from 2015.</p><p><blockquote>美国银行全球研究分析师柯蒂斯·内格尔在周五的一份报告中写道，他预计本季度尽管盈利，但表现平平。他写道，虽然最近与科恩和新员工相关的公告是积极的，但从理论上讲，还没有关于成本、时间表以及对扭亏为盈计划收益影响的实际细节。他的目标价为10美元，评级为跑输大盘，并指出该股目前的估值和历史市盈率意味着息税折旧摊销前利润为35亿美元，约为2015年Ebitda峰值的四倍。</blockquote></p><p>Nagle’s note included an analysis on the impact of $1,400 direct payments on the stock, the idea being that retail investors will use their latest windfall on GameStop stock. His takeaway is that the “stimmies,” as he calls them, will not impact GameStop stock going forward.</p><p><blockquote>Nagle的报告包括对1400美元直接支付对该股影响的分析，其想法是散户投资者将把他们最新的意外之财用于游戏驿站股票。他的结论是，正如他评级的那样，“刺激”不会影响游戏驿站股票的未来。</blockquote></p><p>Of course, what analysts have said about GameStop stock hasn’t had much of an impact on its recent moves. A positive update on the turnaround plan could thwart the remaining bears in the near term. On the flip side, any commentary on&nbsp;possible stock sales&nbsp;could be negative. Pachter had expected short sellers to abandon their bets, with the stock returning to more fundamental-based levels. That hasn’t happened, he noted.</p><p><blockquote>当然，分析师对游戏驿站股票的评价并没有对其最近的走势产生太大影响。扭亏为盈计划的积极更新可能会在短期内挫败剩余的空头。另一方面，任何关于可能出售股票的评论都可能是负面的。帕切特曾预计卖空者将放弃押注，该股将回到更基于基本面的水平。他指出，这种情况还没有发生。</blockquote></p><p>“Activists control the company’s board, and lead activist Ryan Cohen, founder of Chewy, intends to unveil a new strategy sometime soon,” Pachter added. “When the new strategy is revealed and we are able to evaluate it, we will revisit our estimates and PT.”</p><p><blockquote>帕切特补充道：“激进分子控制着公司董事会，首席激进分子、Chewy创始人瑞安·科恩(Ryan Cohen)打算很快推出一项新战略。”“当新战略公布并且我们能够对其进行评估时，我们将重新审视我们的估计和PT。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/gamestop-earnings-are-coming-nobody-knows-what-to-expect-51616176937?mod=RTA\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.barrons.com/articles/gamestop-earnings-are-coming-nobody-knows-what-to-expect-51616176937?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121535008","content_text":"After two months of wild trading,GameStop will report results for its January quarter on Tuesday. What that means for the stock is anyone’s guess.In a note Thursday, Wedbush analyst Michael Pachter wrote that GameStop is “well-positioned to be a primary beneficiary of the new console launches.” But he thinks the stock is trading at levels that are disconnected from fundamentals. Though Pachter rates the stock at Neutral, he has a $16 price target. GameStop stock was down 0.7% to $200.27 on Friday.By now, many Americans know why. GameStop stock was widely panned by Wall Street analysts, with the stock falling around the price of a Happy Meal a year ago. It garnered an obscene short interest, meaning hedge funds were lining up to bet on a price decline. But when short sellers get ahead of themselves, positive news can send stocks soaring as they rush to buy shares to close out their bets in the face of unlimited downside.In the second half of last year, Chewy co-founder Ryan Cohen entered the mix. He revealed a stake and later called for major changes. He upped his stake in December and joined the board in January with two associates.Keying in on the stock’s short interest, and the possibility that GameStop could find a second life as a gaming-focused e-commerce player, retail traders on Reddit’s WallStreetBets forum piled into GameStop stock.Technical quirks of options activity, the aforementioned short interest, and the newfound enthusiasm sent GameStop stock surging in January.WallStreetBets made it to the front pages of national newspapers, and the bearish hedge funds got torched. It also kicked off a debate about short selling, as well as one about retail traders’ access to financial markets after Robinhood and other brokers temporarily limited buying of the stock due to financial requirements from their clearinghouses.GameStop stock fell back around $40 but surged again in the past month. Though GameStop announced a hunt for a new chief financial officer, some promising e-commerce-focused hires, and a board committee chaired by Cohen to guide its transformation into a technology company, it hasn’t provided an update on sales or its prospects since its holiday sales release on Jan. 11, which signaled a disappointing December.For the full fiscal fourth quarter, Pachter, the analyst at Wedbush, expects sales of $2.3 billion, comparable sales up 4.8% year-over-year, and adjusted earnings of $1.38 a share. He notes that GameStop’s holiday sales report indicated same-store sales were down year-over-year in December andlagged behind positive industrywide data from NPD.He notes the company has lost market share in recent periods to competitors amid a shift to internet spending.BofA Global Research analyst Curtis Nagle wrote in a Friday note that he expects an underwhelming quarter, albeit a profitable one. He wrote that while the recent announcements related to Cohen and new hires are positive, in theory, there haven’t been actual details on cost, timeline, and impacts to earnings of a turnaround plan. He has a $10 price objective with an Underperform rating, noting that the stock’s current valuation and historic multiple would imply earnings before interest, taxes, depreciation, and amortization of $3.5 billion, about four times its peak Ebitda from 2015.Nagle’s note included an analysis on the impact of $1,400 direct payments on the stock, the idea being that retail investors will use their latest windfall on GameStop stock. His takeaway is that the “stimmies,” as he calls them, will not impact GameStop stock going forward.Of course, what analysts have said about GameStop stock hasn’t had much of an impact on its recent moves. A positive update on the turnaround plan could thwart the remaining bears in the near term. On the flip side, any commentary on possible stock sales could be negative. Pachter had expected short sellers to abandon their bets, with the stock returning to more fundamental-based levels. That hasn’t happened, he noted.“Activists control the company’s board, and lead activist Ryan Cohen, founder of Chewy, intends to unveil a new strategy sometime soon,” Pachter added. “When the new strategy is revealed and we are able to evaluate it, we will revisit our estimates and PT.”","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":3075,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324678213,"gmtCreate":1615991886932,"gmtModify":1703496104782,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>[黑眼圈]&nbsp;","listText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>[黑眼圈]&nbsp;","text":"$Taiwan Semiconductor Manufacturing(TSM)$[黑眼圈]","images":[{"img":"https://static.tigerbbs.com/040691d6e899fac6bcbe2279d2e28939","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/324678213","isVote":1,"tweetType":1,"viewCount":2512,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3450398809409245","authorId":"3450398809409245","name":"A胜天半子","avatar":"https://static.tigerbbs.com/7650a9e667bfb4b915410e236ed3b4d2","crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3450398809409245","idStr":"3450398809409245"},"content":"入了15手期权","text":"入了15手期权","html":"入了15手期权"}],"imageCount":1,"langContent":"CN","totalScore":0},{"id":325328086,"gmtCreate":1615866693745,"gmtModify":1703494204950,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"Huat","listText":"Huat","text":"Huat","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/325328086","repostId":"2119414911","repostType":2,"isVote":1,"tweetType":1,"viewCount":1272,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322700466,"gmtCreate":1615823929655,"gmtModify":1703493695446,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322700466","repostId":"1144031621","repostType":4,"repost":{"id":"1144031621","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":1615821582,"share":"https://www.laohu8.com/m/news/1144031621?lang=zh_CN&edition=full","pubTime":"2021-03-15 23:19","market":"us","language":"en","title":"SOS Limited jumped nearly 22%<blockquote>SOS Limited上涨近22%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1144031621","media":"Tiger Newspress","summary":"(March 15) SOS Limited stock surges nearly 22% after the company said itexpects to generateat least ","content":"<p>(March 15)&nbsp;SOS Limited&nbsp;stock&nbsp;surges&nbsp;nearly 22%&nbsp;after the company said itexpects to generateat least 41 bitcoin (BTC-USD) and 909 Ether(ETH-USD) in Q1 2021 after mining its first bitcoin on Feb. 24, 2021.</p><p><blockquote>（3月15日）SOS Limited股价飙升近22%，此前该公司表示，在2021年2月24日开采首个比特币后，预计将在2021年第一季度产生至少41枚比特币(BTC-USD)和909枚以太币(ETH-USD)。</blockquote></p><p><img src=\"https://static.tigerbbs.com/79bede271469eb615b3e3f78580963cd\" tg-width=\"724\" tg-height=\"495\" referrerpolicy=\"no-referrer\">\"Our output should grow in future quarters as we receive and install our third batch of mining rigs and have a full quarter of operations for our current rigs,\" SOS Chief Financial Officer Steven Li said in at statement.</p><p><blockquote>SOS首席财务官Steven Li在声明中表示：“随着我们接收并安装第三批采矿钻机，以及当前钻机整个季度的运营，我们的产量在未来几个季度应该会增长。”</blockquote></p><p>The company installed its second fleet of 5,000 mining rigs and expects its combined fleet to have the capacity&nbsp;to calculate an average of 353 Peta-Hashes per second (PH/s) for mining bitcoin and 707 Giga-Hashes per second (GH/s) for mining Ether.</p><p><blockquote>该公司安装了第二支由5,000台采矿钻机组成的车队，预计其合并后的车队将能够计算平均每秒353 Peta-Hashes(PH/s)用于采矿比特币和每秒707 Giga-Hashes(GH/s)用于采矿乙醚。</blockquote></p><p>Its board also&nbsp;commissioned an independent review of the company's cryptocurrency mining activities.&nbsp;As part of the review, payments from multiple mining pools were traced to SOS through the public bitcoin and ETH blockchain ledgers.</p><p><blockquote>其董事会还委托对该公司的加密货币挖矿活动进行独立审查。作为审查的一部分，来自多个矿池的付款通过公共比特币和ETH区块链分类账追溯到SOS。</blockquote></p><p>Recall that in February, short seller Culper Research saidit consideredSOS shares \"worthless,\" alleging that SOS's claims around its cryptocurrency mining purchases and acquisition appeared to be \"extremely problematic.\"</p><p><blockquote>回想一下，2月份，卖空者Culper Research表示，它认为SOS股票“一文不值”，声称SOS围绕其加密货币挖矿购买和收购的主张似乎“存在极大问题”。</blockquote></p><p>The company also said the review validated SOS's control over certain electronic wallets and that the rate of bitcoin and ETH payouts received in those wallets was generally consistent with the expected productivity of its deployed fleet based on its hash rate capacity.</p><p><blockquote>该公司还表示，审查验证了SOS对某些电子钱包的控制，并且这些钱包中收到的比特币和ETH支付率通常与其部署的机队基于其哈希率容量的预期生产力一致。</blockquote></p><p>Bitcoin pulls back to about $56.6K after topping $60K over the weekend; Ether is also down in Monday trading (~3.8% to $1,786.83).</p><p><blockquote>比特币在周末突破6万美元后回落至约5.66万美元；乙醚在周一交易中也下跌（约3.8%至1,786.83美元）。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SOS Limited jumped nearly 22%<blockquote>SOS Limited上涨近22%</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\">\nSOS Limited jumped nearly 22%<blockquote>SOS Limited上涨近22%</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\">2021-03-15 23:19</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(March 15)&nbsp;SOS Limited&nbsp;stock&nbsp;surges&nbsp;nearly 22%&nbsp;after the company said itexpects to generateat least 41 bitcoin (BTC-USD) and 909 Ether(ETH-USD) in Q1 2021 after mining its first bitcoin on Feb. 24, 2021.</p><p><blockquote>（3月15日）SOS Limited股价飙升近22%，此前该公司表示，在2021年2月24日开采首个比特币后，预计将在2021年第一季度产生至少41枚比特币(BTC-USD)和909枚以太币(ETH-USD)。</blockquote></p><p><img src=\"https://static.tigerbbs.com/79bede271469eb615b3e3f78580963cd\" tg-width=\"724\" tg-height=\"495\" referrerpolicy=\"no-referrer\">\"Our output should grow in future quarters as we receive and install our third batch of mining rigs and have a full quarter of operations for our current rigs,\" SOS Chief Financial Officer Steven Li said in at statement.</p><p><blockquote>SOS首席财务官Steven Li在声明中表示：“随着我们接收并安装第三批采矿钻机，以及当前钻机整个季度的运营，我们的产量在未来几个季度应该会增长。”</blockquote></p><p>The company installed its second fleet of 5,000 mining rigs and expects its combined fleet to have the capacity&nbsp;to calculate an average of 353 Peta-Hashes per second (PH/s) for mining bitcoin and 707 Giga-Hashes per second (GH/s) for mining Ether.</p><p><blockquote>该公司安装了第二支由5,000台采矿钻机组成的车队，预计其合并后的车队将能够计算平均每秒353 Peta-Hashes(PH/s)用于采矿比特币和每秒707 Giga-Hashes(GH/s)用于采矿乙醚。</blockquote></p><p>Its board also&nbsp;commissioned an independent review of the company's cryptocurrency mining activities.&nbsp;As part of the review, payments from multiple mining pools were traced to SOS through the public bitcoin and ETH blockchain ledgers.</p><p><blockquote>其董事会还委托对该公司的加密货币挖矿活动进行独立审查。作为审查的一部分，来自多个矿池的付款通过公共比特币和ETH区块链分类账追溯到SOS。</blockquote></p><p>Recall that in February, short seller Culper Research saidit consideredSOS shares \"worthless,\" alleging that SOS's claims around its cryptocurrency mining purchases and acquisition appeared to be \"extremely problematic.\"</p><p><blockquote>回想一下，2月份，卖空者Culper Research表示，它认为SOS股票“一文不值”，声称SOS围绕其加密货币挖矿购买和收购的主张似乎“存在极大问题”。</blockquote></p><p>The company also said the review validated SOS's control over certain electronic wallets and that the rate of bitcoin and ETH payouts received in those wallets was generally consistent with the expected productivity of its deployed fleet based on its hash rate capacity.</p><p><blockquote>该公司还表示，审查验证了SOS对某些电子钱包的控制，并且这些钱包中收到的比特币和ETH支付率通常与其部署的机队基于其哈希率容量的预期生产力一致。</blockquote></p><p>Bitcoin pulls back to about $56.6K after topping $60K over the weekend; Ether is also down in Monday trading (~3.8% to $1,786.83).</p><p><blockquote>比特币在周末突破6万美元后回落至约5.66万美元；乙醚在周一交易中也下跌（约3.8%至1,786.83美元）。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOS":"SOS Limited"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144031621","content_text":"(March 15) SOS Limited stock surges nearly 22% after the company said itexpects to generateat least 41 bitcoin (BTC-USD) and 909 Ether(ETH-USD) in Q1 2021 after mining its first bitcoin on Feb. 24, 2021.\"Our output should grow in future quarters as we receive and install our third batch of mining rigs and have a full quarter of operations for our current rigs,\" SOS Chief Financial Officer Steven Li said in at statement.The company installed its second fleet of 5,000 mining rigs and expects its combined fleet to have the capacity to calculate an average of 353 Peta-Hashes per second (PH/s) for mining bitcoin and 707 Giga-Hashes per second (GH/s) for mining Ether.Its board also commissioned an independent review of the company's cryptocurrency mining activities. As part of the review, payments from multiple mining pools were traced to SOS through the public bitcoin and ETH blockchain ledgers.Recall that in February, short seller Culper Research saidit consideredSOS shares \"worthless,\" alleging that SOS's claims around its cryptocurrency mining purchases and acquisition appeared to be \"extremely problematic.\"The company also said the review validated SOS's control over certain electronic wallets and that the rate of bitcoin and ETH payouts received in those wallets was generally consistent with the expected productivity of its deployed fleet based on its hash rate capacity.Bitcoin pulls back to about $56.6K after topping $60K over the weekend; Ether is also down in Monday trading (~3.8% to $1,786.83).","news_type":1,"symbols_score_info":{"SOS":0.9}},"isVote":1,"tweetType":1,"viewCount":1417,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322477770,"gmtCreate":1615823900690,"gmtModify":1703493694573,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>[鬼脸]&nbsp;","listText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>[鬼脸]&nbsp;","text":"$Sundial Growers Inc.(SNDL)$[鬼脸]","images":[{"img":"https://static.tigerbbs.com/38a66a64c8233d5a42a04a08696a7b68","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322477770","isVote":1,"tweetType":1,"viewCount":2184,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":322219978,"gmtCreate":1615809066094,"gmtModify":1703493305965,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322219978","repostId":"1164885443","repostType":4,"repost":{"id":"1164885443","kind":"news","pubTimestamp":1615805768,"share":"https://www.laohu8.com/m/news/1164885443?lang=zh_CN&edition=full","pubTime":"2021-03-15 18:56","market":"us","language":"en","title":"10 Stocks That Are Vulnerable to a Blowup<blockquote>10只容易爆发的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1164885443","media":"Barrons","summary":"Avoiding stock blowups is in every investor’s interest, but it’s getting a bit tougher.Many companie","content":"<p>Avoiding stock blowups is in every investor’s interest, but it’s getting a bit tougher.</p><p><blockquote>避免股票暴跌符合每个投资者的利益，但这变得有点困难。</blockquote></p><p>Many companies that beat fourth-quarter estimates haven’t been rewarded with higher share prices. High-growth stocks are facing steeper hurdles from rising bond yields. Investors appear to be rotating from growth to value and into sectors with more exposure to a cyclical economic recovery.</p><p><blockquote>许多超出第四季度预期的公司并没有获得更高的股价。高增长股票正面临债券收益率上升带来的更大障碍。投资者似乎正在从增长转向价值，并进入更容易受到周期性经济复苏影响的行业。</blockquote></p><p>Quite simply, fatigue may be setting into overcrowded trades and investment themes—whether those are alternative-meat producers, a travel recovery, green energy, or the continued domination of Big Tech.</p><p><blockquote>很简单，过度拥挤的交易和投资主题可能会出现疲劳——无论是替代肉类生产商、旅游业复苏、绿色能源还是大型科技公司的持续主导地位。</blockquote></p><p>Against that backdrop, investors may want to tread cautiously. One way to do so: Avoid stocks with low earnings quality and high short interest—meaning there are short positions, or bearish bets, on a large percentage of a company’s shares outstanding. (A short position is when investors borrow and then sell shares, betting that a stock’s price will fall so they can buy shares back at a cheaper price.) Stocks with that combination of attributes may be most at risk of underperforming or blowing up, according to Wolfe Research.</p><p><blockquote>在此背景下，投资者可能需要谨慎行事。一种方法是：避开盈利质量低、空头利息高的股票——这意味着公司大部分已发行股票存在空头头寸或看跌押注。（空头头寸是指投资者借入然后出售股票，押注股票价格会下跌，以便他们可以以更便宜的价格回购股票。）根据沃尔夫研究公司的说法，具有这种属性组合的股票可能最容易表现不佳或爆炸。</blockquote></p><p>The firm ranks stocks on a relative basis within sectors by scoring earnings quality on seven financial measures, while also looking at valuation and sentiment indicators, based on fourth-quarter financials.</p><p><blockquote>该公司通过根据七项财务指标对盈利质量进行评分，同时还根据第四季度财务数据查看估值和情绪指标，对行业内的股票进行相对排名。</blockquote></p><p>Wolfe calls stocks scoring in the bottom 10% of earnings quality, while also seeing high short interest, “our highest conviction cohort of stocks to avoid.”</p><p><blockquote>沃尔夫·评级股票的盈利质量排名垫底10%，同时也看到了很高的空头兴趣，“我们最有信心避免的股票群体”。</blockquote></p><p>One caveat: Low-quality stocks have been a popular trade—fueled by ample market liquidity and demand for riskier assets. High short interest also primes a stock for a short-squeeze, whereby traders who are short buy the stock to cover their positions, exerting upward pressure on the price. Nothing illustrates that dynamic more than the frenzied trading around GameStop (ticker: GME) this year.</p><p><blockquote>需要注意的是：在充足的市场流动性和对风险资产的需求的推动下，低质量股票一直是一种受欢迎的交易。高空头利息也为股票轧空做好了准备，空头交易者买入股票以回补头寸，对价格施加上行压力。没有什么比今年围绕游戏驿站（股票代码：GME）的疯狂交易更能说明这种动态了。</blockquote></p><p>Beauty products maker Coty (COTY), for example, shows up on Wolfe’s screen. But it may have already had its blowup, falling 15% the day it released its earnings report in February. Barron’s was bullish on the stock in the aftermath, and it has been moving up since then.</p><p><blockquote>例如，美容产品制造商科蒂(COTY)就出现在沃尔夫的屏幕上。但它可能已经爆发了，在2月份发布收益报告的当天下跌了15%。《巴伦周刊》随后看好该股，此后该股一直在上涨。</blockquote></p><p>Nonetheless, plenty of other stocks on Wolfe’s watch list do seem vulnerable. Many have surged in a reopening trade or company-specific dynamics, and all trade at steep valuations. Here are 10 stocks from Wolfe’s list:</p><p><blockquote>尽管如此，沃尔夫观察名单上的许多其他股票似乎确实很脆弱。许多公司在重新开放交易或公司特定动态中股价飙升，而且所有交易的估值都很高。以下是沃尔夫名单中的10只股票：</blockquote></p><p>Carvana (CVNA), for instance, has been a blockbuster, gaining 535% over the last 52 weeks. Investors appear to have decided that it is a disruptive force in car buying and that a pandemic-fueled shift to online sales has accelerated its momentum. However, Carvana isn’t close to reporting a profit, and is expected to lose $1.96 a share this year and 97 cents in 2022.</p><p><blockquote>例如，Carvana(CVNA)一鸣惊人，在过去52周内上涨了535%。投资者似乎已经认定，这是汽车购买领域的一股颠覆性力量，而大流行推动的向在线销售的转变加速了其势头。然而，Carvana尚未实现盈利，预计今年每股亏损1.96美元，2022年每股亏损97美分。</blockquote></p><p>The stock is up around 11% this year, but it has been wobbling lately and is down from its 52-week high around $315, trading recently at $287. Short interest is high at 22% of the shares outstanding, according to FactSet.</p><p><blockquote>该股今年上涨了约11%，但最近一直在波动，从315美元左右的52周高点下跌，最近的交易价格为287美元。FactSet的数据显示，空头兴趣很高，占已发行股票的22%。</blockquote></p><p>Expedia Group (EXPE) has surged 32% this year. Investors expect online bookings volume to soar as consumers head for vacations this summer and fall. Wall Street doesn’t see Expedia Group earning a profit this year but expects big gains in 2022 with earnings per share of $6.04. At recent prices around $175, shares trade at 28 times 2022 earnings, a 40% premium to the S&amp;P 500 ‘s multiple of 20 times.</p><p><blockquote>Expedia Group(EXPE)今年股价飙升32%。投资者预计，随着消费者今年夏季和秋季前往度假，在线预订量将飙升。华尔街预计Expedia Group今年不会盈利，但预计2022年将大幅上涨，每股收益为6.04美元。以近期175美元左右的价格计算，该股的市盈率为2022年市盈率的28倍，比标普500的20倍溢价40%。</blockquote></p><p>Norwegian Cruise Line Holdings (NCLH) is also trading on hopes for a travel rebound in 2022. Wall Street expects revenues of $1.6 billion this year, up from $1.3 billion in 2020. But the stock is riding on expectations of a surge to $6 billion in revenue in 2022. Analysts are looking for earnings of 62 cents a share in 2022, up from an expected loss of $5.87 a share this year. The stock has climbed 218% in the last 52 weeks, and it is powering ahead this year, up 21% so far.</p><p><blockquote>挪威邮轮控股公司(NCLH)也寄希望于2022年旅游业反弹。华尔街预计今年营收为16亿美元，高于2020年的13亿美元。但该股预计2022年收入将飙升至60亿美元。分析师预计2022年每股收益为62美分，高于今年每股亏损5.87美元的预期。该股在过去52周内上涨了218%，今年也在强劲上涨，迄今为止上涨了21%。</blockquote></p><p>It’s hardly cheap, though, at 50 times estimated 2022 profits. About 13% of the shares are held short, according to FactSet.</p><p><blockquote>不过，这并不便宜，是2022年预计利润的50倍。FactSet的数据显示，约13%的股票被卖空。</blockquote></p><p>Lyft (LYFT) also fits into the reopening theme; shares are up 178% in the last 52 weeks, including a 35% gain this year. Ride-sharing could pick up as more people head to work, meetings, and evenings out.</p><p><blockquote>Lyft（Lyft）也符合重新开放的主题；过去52周内股价上涨了178%，其中今年上涨了35%。随着越来越多的人去上班、开会和晚上外出，拼车可能会增加。</blockquote></p><p>However, Lyft and its chief rival Uber Technologies (UBER) face rising labor costs and regulatory hurdles in Europe and other regions. Wall Street sees Lyft losing $1.08 a share this year and turning a modest profit of 17 cents in 2022. That gives it a multiple of 379 times 2022 earnings. Short interest is around 9%.</p><p><blockquote>然而，Lyft及其主要竞争对手优步科技（UBER）在欧洲和其他地区面临劳动力成本上升和监管障碍。华尔街预计Lyft今年每股亏损1.08美元，2022年将实现17美分的微利。这使得其2022年市盈率为379倍。空头利息在9%左右。</blockquote></p><p>Restoration Hardware parent Restoration Hardware (RH) has been a stay-at-home winner. The stock soared 338% over the last year and it’s ahead 5% this year. The company is profitable, expected to earn $19.17 a share this year, up from an estimated $17.05 in 2020. But the stock hit a rough patch in early March as high-growth, high-multiple stocks sold off.</p><p><blockquote>恢复硬件parent Restoration Hardware(RH)一直是家庭赢家。该股去年飙升338%，今年上涨5%。该公司实现盈利，预计今年每股收益为19.17美元，高于2020年预计的17.05美元。但随着高增长、高市盈率股票遭到抛售，该股在3月初遭遇了艰难时期。</blockquote></p><p></p><p>RH trades at 22 times 2022 earnings, which doesn’t look excessive. But It is now vulnerable to a blowup, according to Wolfe, with short-interest at 11% of the float.</p><p><blockquote>RH的市盈率为2022年市盈率的22倍，这看起来并不过分。但沃尔夫表示，该公司现在很容易爆发，空头利息占流通量的11%。</blockquote></p><p>Beyond Meat (BYND) has long been a battleground between alt-meat bulls and bears. The stock has surged 93% over the last 52 weeks, defying the bears, but at recent prices around $142, it’s off 36% from its 52-week high of $221.</p><p><blockquote>Beyond Meat（BYND）长期以来一直是另类肉类多头和空头之间的战场。该股在过去52周内飙升了93%，无视空头，但近期价格约为142美元，较52周高点221美元下跌了36%。</blockquote></p><p>The alt-meat trend is going strong, and Beyond is working its way into more restaurants and supermarkets, while expanding its product line. But alt-meat rivals are gaining traction. Beyond’s profits aren’t expected to roll in until 2022, when the firm is anticipated to earn 23 cents a share. At that level of profit, the stock trades at 621 times earnings.</p><p><blockquote>替代肉类趋势正在强劲发展，Beyond正在进军更多餐厅和超市，同时扩大其产品线。但替代肉类竞争对手正在获得牵引力。Beyond的利润预计要到2022年才会滚滚而来，届时该公司预计每股盈利23美分。在该利润水平下，该股的市盈率为621倍。</blockquote></p><p>Stocks like Beyond trade on underlying business momentum, making earnings less of a share-price driver. Still, it isn’t encouraging that Wall Street sees the losses piling up. Per-share estimates for 2021 have been lowered 12% in the last week, according to FactSet, and 2021 estimates are down 190% in the past three months.</p><p><blockquote>像Beyond这样的股票根据潜在的业务势头进行交易，使得盈利不再是股价的驱动因素。尽管如此，华尔街看到损失不断增加，这并不令人鼓舞。FactSet的数据显示，上周对2021年的每股预期下调了12%，过去三个月对2021年的预期下降了190%。</blockquote></p><p>Meanwhile, First Solar (FSLR) is riding a wave of investor demand for green stocks from ESG funds and others looking for exposure to clean energy. The company, which makes solar power systems and modules, has gained 124% over the last 52 weeks. The company has reported strong sales and bookings, but the stock is also baking in friendly climate policies from the Biden administration.</p><p><blockquote>与此同时，First Solar(FSLR)正顺应投资者对ESG基金和其他寻求清洁能源投资的机构的绿色股票的需求浪潮。该公司生产太阳能系统和组件，在过去52周内股价上涨了124%。该公司报告了强劲的销售和预订量，但该股也受到拜登政府友好气候政策的影响。</blockquote></p><p>The stock has been wavering, however, after its big run. It has slumped 17% this year and it’s off more than 20% from 52-week highs around $112, recently trading around $82. Despite a favorable backdrop for green energy, First Solar’s sales and earnings are expected to fall slightly from 2021 to 2022. The stock trades at 24 times 2022 earnings, a premium to the market.</p><p><blockquote>然而，该股在大幅上涨后一直在波动。该股今年已下跌17%，较112美元左右的52周高点下跌超过20%，最近交易价格约为82美元。尽管绿色能源大背景有利，但First Solar的销售额和盈利预计将在2021年至2022年小幅下降。该股2022年市盈率为24倍，较市场溢价。</blockquote></p><p>Other large-cap stocks that make Wolfe’s blowup watch list include BioMarin Pharmaceutical (BMRN), Zendesk (ZEN), and Advanced Micro Devices (AMD). Zendesk and AMD are each up more than 100% over the last year, while BioMarin has been flat. All trade at steep valuations, with Zendesk topping the list at 130 times 2022 earnings estimates.</p><p><blockquote>其他列入沃尔夫爆炸观察名单的大盘股包括拜玛林制药(BMRN)、Zendesk(ZEN)和Advanced Micro Devices(AMD)。Zendesk和AMD去年均上涨超过100%，而BioMarin则持平。所有公司的估值都很高，其中Zendesk以2022年盈利预期的130倍位居榜首。</blockquote></p><p>A blowup may not be imminent in any of these names, but stocks without a significant profit in sight may fall sharply if market jitters resurface and investors start to appreciate higher earnings quality.</p><p><blockquote>这些股票中的任何一只都可能不会很快出现泡沫，但如果市场紧张情绪重新出现并且投资者开始欣赏更高的盈利质量，看不到显着利润的股票可能会大幅下跌。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>10 Stocks That Are Vulnerable to a Blowup<blockquote>10只容易爆发的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n10 Stocks That Are Vulnerable to a Blowup<blockquote>10只容易爆发的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-03-15 18:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Avoiding stock blowups is in every investor’s interest, but it’s getting a bit tougher.</p><p><blockquote>避免股票暴跌符合每个投资者的利益，但这变得有点困难。</blockquote></p><p>Many companies that beat fourth-quarter estimates haven’t been rewarded with higher share prices. High-growth stocks are facing steeper hurdles from rising bond yields. Investors appear to be rotating from growth to value and into sectors with more exposure to a cyclical economic recovery.</p><p><blockquote>许多超出第四季度预期的公司并没有获得更高的股价。高增长股票正面临债券收益率上升带来的更大障碍。投资者似乎正在从增长转向价值，并进入更容易受到周期性经济复苏影响的行业。</blockquote></p><p>Quite simply, fatigue may be setting into overcrowded trades and investment themes—whether those are alternative-meat producers, a travel recovery, green energy, or the continued domination of Big Tech.</p><p><blockquote>很简单，过度拥挤的交易和投资主题可能会出现疲劳——无论是替代肉类生产商、旅游业复苏、绿色能源还是大型科技公司的持续主导地位。</blockquote></p><p>Against that backdrop, investors may want to tread cautiously. One way to do so: Avoid stocks with low earnings quality and high short interest—meaning there are short positions, or bearish bets, on a large percentage of a company’s shares outstanding. (A short position is when investors borrow and then sell shares, betting that a stock’s price will fall so they can buy shares back at a cheaper price.) Stocks with that combination of attributes may be most at risk of underperforming or blowing up, according to Wolfe Research.</p><p><blockquote>在此背景下，投资者可能需要谨慎行事。一种方法是：避开盈利质量低、空头利息高的股票——这意味着公司大部分已发行股票存在空头头寸或看跌押注。（空头头寸是指投资者借入然后出售股票，押注股票价格会下跌，以便他们可以以更便宜的价格回购股票。）根据沃尔夫研究公司的说法，具有这种属性组合的股票可能最容易表现不佳或爆炸。</blockquote></p><p>The firm ranks stocks on a relative basis within sectors by scoring earnings quality on seven financial measures, while also looking at valuation and sentiment indicators, based on fourth-quarter financials.</p><p><blockquote>该公司通过根据七项财务指标对盈利质量进行评分，同时还根据第四季度财务数据查看估值和情绪指标，对行业内的股票进行相对排名。</blockquote></p><p>Wolfe calls stocks scoring in the bottom 10% of earnings quality, while also seeing high short interest, “our highest conviction cohort of stocks to avoid.”</p><p><blockquote>沃尔夫·评级股票的盈利质量排名垫底10%，同时也看到了很高的空头兴趣，“我们最有信心避免的股票群体”。</blockquote></p><p>One caveat: Low-quality stocks have been a popular trade—fueled by ample market liquidity and demand for riskier assets. High short interest also primes a stock for a short-squeeze, whereby traders who are short buy the stock to cover their positions, exerting upward pressure on the price. Nothing illustrates that dynamic more than the frenzied trading around GameStop (ticker: GME) this year.</p><p><blockquote>需要注意的是：在充足的市场流动性和对风险资产的需求的推动下，低质量股票一直是一种受欢迎的交易。高空头利息也为股票轧空做好了准备，空头交易者买入股票以回补头寸，对价格施加上行压力。没有什么比今年围绕游戏驿站（股票代码：GME）的疯狂交易更能说明这种动态了。</blockquote></p><p>Beauty products maker Coty (COTY), for example, shows up on Wolfe’s screen. But it may have already had its blowup, falling 15% the day it released its earnings report in February. Barron’s was bullish on the stock in the aftermath, and it has been moving up since then.</p><p><blockquote>例如，美容产品制造商科蒂(COTY)就出现在沃尔夫的屏幕上。但它可能已经爆发了，在2月份发布收益报告的当天下跌了15%。《巴伦周刊》随后看好该股，此后该股一直在上涨。</blockquote></p><p>Nonetheless, plenty of other stocks on Wolfe’s watch list do seem vulnerable. Many have surged in a reopening trade or company-specific dynamics, and all trade at steep valuations. Here are 10 stocks from Wolfe’s list:</p><p><blockquote>尽管如此，沃尔夫观察名单上的许多其他股票似乎确实很脆弱。许多公司在重新开放交易或公司特定动态中股价飙升，而且所有交易的估值都很高。以下是沃尔夫名单中的10只股票：</blockquote></p><p>Carvana (CVNA), for instance, has been a blockbuster, gaining 535% over the last 52 weeks. Investors appear to have decided that it is a disruptive force in car buying and that a pandemic-fueled shift to online sales has accelerated its momentum. However, Carvana isn’t close to reporting a profit, and is expected to lose $1.96 a share this year and 97 cents in 2022.</p><p><blockquote>例如，Carvana(CVNA)一鸣惊人，在过去52周内上涨了535%。投资者似乎已经认定，这是汽车购买领域的一股颠覆性力量，而大流行推动的向在线销售的转变加速了其势头。然而，Carvana尚未实现盈利，预计今年每股亏损1.96美元，2022年每股亏损97美分。</blockquote></p><p>The stock is up around 11% this year, but it has been wobbling lately and is down from its 52-week high around $315, trading recently at $287. Short interest is high at 22% of the shares outstanding, according to FactSet.</p><p><blockquote>该股今年上涨了约11%，但最近一直在波动，从315美元左右的52周高点下跌，最近的交易价格为287美元。FactSet的数据显示，空头兴趣很高，占已发行股票的22%。</blockquote></p><p>Expedia Group (EXPE) has surged 32% this year. Investors expect online bookings volume to soar as consumers head for vacations this summer and fall. Wall Street doesn’t see Expedia Group earning a profit this year but expects big gains in 2022 with earnings per share of $6.04. At recent prices around $175, shares trade at 28 times 2022 earnings, a 40% premium to the S&amp;P 500 ‘s multiple of 20 times.</p><p><blockquote>Expedia Group(EXPE)今年股价飙升32%。投资者预计，随着消费者今年夏季和秋季前往度假，在线预订量将飙升。华尔街预计Expedia Group今年不会盈利，但预计2022年将大幅上涨，每股收益为6.04美元。以近期175美元左右的价格计算，该股的市盈率为2022年市盈率的28倍，比标普500的20倍溢价40%。</blockquote></p><p>Norwegian Cruise Line Holdings (NCLH) is also trading on hopes for a travel rebound in 2022. Wall Street expects revenues of $1.6 billion this year, up from $1.3 billion in 2020. But the stock is riding on expectations of a surge to $6 billion in revenue in 2022. Analysts are looking for earnings of 62 cents a share in 2022, up from an expected loss of $5.87 a share this year. The stock has climbed 218% in the last 52 weeks, and it is powering ahead this year, up 21% so far.</p><p><blockquote>挪威邮轮控股公司(NCLH)也寄希望于2022年旅游业反弹。华尔街预计今年营收为16亿美元，高于2020年的13亿美元。但该股预计2022年收入将飙升至60亿美元。分析师预计2022年每股收益为62美分，高于今年每股亏损5.87美元的预期。该股在过去52周内上涨了218%，今年也在强劲上涨，迄今为止上涨了21%。</blockquote></p><p>It’s hardly cheap, though, at 50 times estimated 2022 profits. About 13% of the shares are held short, according to FactSet.</p><p><blockquote>不过，这并不便宜，是2022年预计利润的50倍。FactSet的数据显示，约13%的股票被卖空。</blockquote></p><p>Lyft (LYFT) also fits into the reopening theme; shares are up 178% in the last 52 weeks, including a 35% gain this year. Ride-sharing could pick up as more people head to work, meetings, and evenings out.</p><p><blockquote>Lyft（Lyft）也符合重新开放的主题；过去52周内股价上涨了178%，其中今年上涨了35%。随着越来越多的人去上班、开会和晚上外出，拼车可能会增加。</blockquote></p><p>However, Lyft and its chief rival Uber Technologies (UBER) face rising labor costs and regulatory hurdles in Europe and other regions. Wall Street sees Lyft losing $1.08 a share this year and turning a modest profit of 17 cents in 2022. That gives it a multiple of 379 times 2022 earnings. Short interest is around 9%.</p><p><blockquote>然而，Lyft及其主要竞争对手优步科技（UBER）在欧洲和其他地区面临劳动力成本上升和监管障碍。华尔街预计Lyft今年每股亏损1.08美元，2022年将实现17美分的微利。这使得其2022年市盈率为379倍。空头利息在9%左右。</blockquote></p><p>Restoration Hardware parent Restoration Hardware (RH) has been a stay-at-home winner. The stock soared 338% over the last year and it’s ahead 5% this year. The company is profitable, expected to earn $19.17 a share this year, up from an estimated $17.05 in 2020. But the stock hit a rough patch in early March as high-growth, high-multiple stocks sold off.</p><p><blockquote>恢复硬件parent Restoration Hardware(RH)一直是家庭赢家。该股去年飙升338%，今年上涨5%。该公司实现盈利，预计今年每股收益为19.17美元，高于2020年预计的17.05美元。但随着高增长、高市盈率股票遭到抛售，该股在3月初遭遇了艰难时期。</blockquote></p><p></p><p>RH trades at 22 times 2022 earnings, which doesn’t look excessive. But It is now vulnerable to a blowup, according to Wolfe, with short-interest at 11% of the float.</p><p><blockquote>RH的市盈率为2022年市盈率的22倍，这看起来并不过分。但沃尔夫表示，该公司现在很容易爆发，空头利息占流通量的11%。</blockquote></p><p>Beyond Meat (BYND) has long been a battleground between alt-meat bulls and bears. The stock has surged 93% over the last 52 weeks, defying the bears, but at recent prices around $142, it’s off 36% from its 52-week high of $221.</p><p><blockquote>Beyond Meat（BYND）长期以来一直是另类肉类多头和空头之间的战场。该股在过去52周内飙升了93%，无视空头，但近期价格约为142美元，较52周高点221美元下跌了36%。</blockquote></p><p>The alt-meat trend is going strong, and Beyond is working its way into more restaurants and supermarkets, while expanding its product line. But alt-meat rivals are gaining traction. Beyond’s profits aren’t expected to roll in until 2022, when the firm is anticipated to earn 23 cents a share. At that level of profit, the stock trades at 621 times earnings.</p><p><blockquote>替代肉类趋势正在强劲发展，Beyond正在进军更多餐厅和超市，同时扩大其产品线。但替代肉类竞争对手正在获得牵引力。Beyond的利润预计要到2022年才会滚滚而来，届时该公司预计每股盈利23美分。在该利润水平下，该股的市盈率为621倍。</blockquote></p><p>Stocks like Beyond trade on underlying business momentum, making earnings less of a share-price driver. Still, it isn’t encouraging that Wall Street sees the losses piling up. Per-share estimates for 2021 have been lowered 12% in the last week, according to FactSet, and 2021 estimates are down 190% in the past three months.</p><p><blockquote>像Beyond这样的股票根据潜在的业务势头进行交易，使得盈利不再是股价的驱动因素。尽管如此，华尔街看到损失不断增加，这并不令人鼓舞。FactSet的数据显示，上周对2021年的每股预期下调了12%，过去三个月对2021年的预期下降了190%。</blockquote></p><p>Meanwhile, First Solar (FSLR) is riding a wave of investor demand for green stocks from ESG funds and others looking for exposure to clean energy. The company, which makes solar power systems and modules, has gained 124% over the last 52 weeks. The company has reported strong sales and bookings, but the stock is also baking in friendly climate policies from the Biden administration.</p><p><blockquote>与此同时，First Solar(FSLR)正顺应投资者对ESG基金和其他寻求清洁能源投资的机构的绿色股票的需求浪潮。该公司生产太阳能系统和组件，在过去52周内股价上涨了124%。该公司报告了强劲的销售和预订量，但该股也受到拜登政府友好气候政策的影响。</blockquote></p><p>The stock has been wavering, however, after its big run. It has slumped 17% this year and it’s off more than 20% from 52-week highs around $112, recently trading around $82. Despite a favorable backdrop for green energy, First Solar’s sales and earnings are expected to fall slightly from 2021 to 2022. The stock trades at 24 times 2022 earnings, a premium to the market.</p><p><blockquote>然而，该股在大幅上涨后一直在波动。该股今年已下跌17%，较112美元左右的52周高点下跌超过20%，最近交易价格约为82美元。尽管绿色能源大背景有利，但First Solar的销售额和盈利预计将在2021年至2022年小幅下降。该股2022年市盈率为24倍，较市场溢价。</blockquote></p><p>Other large-cap stocks that make Wolfe’s blowup watch list include BioMarin Pharmaceutical (BMRN), Zendesk (ZEN), and Advanced Micro Devices (AMD). Zendesk and AMD are each up more than 100% over the last year, while BioMarin has been flat. All trade at steep valuations, with Zendesk topping the list at 130 times 2022 earnings estimates.</p><p><blockquote>其他列入沃尔夫爆炸观察名单的大盘股包括拜玛林制药(BMRN)、Zendesk(ZEN)和Advanced Micro Devices(AMD)。Zendesk和AMD去年均上涨超过100%，而BioMarin则持平。所有公司的估值都很高，其中Zendesk以2022年盈利预期的130倍位居榜首。</blockquote></p><p>A blowup may not be imminent in any of these names, but stocks without a significant profit in sight may fall sharply if market jitters resurface and investors start to appreciate higher earnings quality.</p><p><blockquote>这些股票中的任何一只都可能不会很快出现泡沫，但如果市场紧张情绪重新出现并且投资者开始欣赏更高的盈利质量，看不到显着利润的股票可能会大幅下跌。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/beyond-meat-stock-expedia-lyft-vulnerable-blowup-51615588807?mod=hp_LATEST\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司","BMRN":"拜玛林制药","BYND":"Beyond Meat, Inc.","NCLH":"挪威邮轮","LYFT":"Lyft, Inc.","FSLR":"第一太阳能","CVNA":"Carvana Co.","EXPE":"Expedia","RH":"RH","COTY":"科蒂"},"source_url":"https://www.barrons.com/articles/beyond-meat-stock-expedia-lyft-vulnerable-blowup-51615588807?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164885443","content_text":"Avoiding stock blowups is in every investor’s interest, but it’s getting a bit tougher.Many companies that beat fourth-quarter estimates haven’t been rewarded with higher share prices. High-growth stocks are facing steeper hurdles from rising bond yields. Investors appear to be rotating from growth to value and into sectors with more exposure to a cyclical economic recovery.Quite simply, fatigue may be setting into overcrowded trades and investment themes—whether those are alternative-meat producers, a travel recovery, green energy, or the continued domination of Big Tech.Against that backdrop, investors may want to tread cautiously. One way to do so: Avoid stocks with low earnings quality and high short interest—meaning there are short positions, or bearish bets, on a large percentage of a company’s shares outstanding. (A short position is when investors borrow and then sell shares, betting that a stock’s price will fall so they can buy shares back at a cheaper price.) Stocks with that combination of attributes may be most at risk of underperforming or blowing up, according to Wolfe Research.The firm ranks stocks on a relative basis within sectors by scoring earnings quality on seven financial measures, while also looking at valuation and sentiment indicators, based on fourth-quarter financials.Wolfe calls stocks scoring in the bottom 10% of earnings quality, while also seeing high short interest, “our highest conviction cohort of stocks to avoid.”One caveat: Low-quality stocks have been a popular trade—fueled by ample market liquidity and demand for riskier assets. High short interest also primes a stock for a short-squeeze, whereby traders who are short buy the stock to cover their positions, exerting upward pressure on the price. Nothing illustrates that dynamic more than the frenzied trading around GameStop (ticker: GME) this year.Beauty products maker Coty (COTY), for example, shows up on Wolfe’s screen. But it may have already had its blowup, falling 15% the day it released its earnings report in February. Barron’s was bullish on the stock in the aftermath, and it has been moving up since then.Nonetheless, plenty of other stocks on Wolfe’s watch list do seem vulnerable. Many have surged in a reopening trade or company-specific dynamics, and all trade at steep valuations. Here are 10 stocks from Wolfe’s list:Carvana (CVNA), for instance, has been a blockbuster, gaining 535% over the last 52 weeks. Investors appear to have decided that it is a disruptive force in car buying and that a pandemic-fueled shift to online sales has accelerated its momentum. However, Carvana isn’t close to reporting a profit, and is expected to lose $1.96 a share this year and 97 cents in 2022.The stock is up around 11% this year, but it has been wobbling lately and is down from its 52-week high around $315, trading recently at $287. Short interest is high at 22% of the shares outstanding, according to FactSet.Expedia Group (EXPE) has surged 32% this year. Investors expect online bookings volume to soar as consumers head for vacations this summer and fall. Wall Street doesn’t see Expedia Group earning a profit this year but expects big gains in 2022 with earnings per share of $6.04. At recent prices around $175, shares trade at 28 times 2022 earnings, a 40% premium to the S&P 500 ‘s multiple of 20 times.Norwegian Cruise Line Holdings (NCLH) is also trading on hopes for a travel rebound in 2022. Wall Street expects revenues of $1.6 billion this year, up from $1.3 billion in 2020. But the stock is riding on expectations of a surge to $6 billion in revenue in 2022. Analysts are looking for earnings of 62 cents a share in 2022, up from an expected loss of $5.87 a share this year. The stock has climbed 218% in the last 52 weeks, and it is powering ahead this year, up 21% so far.It’s hardly cheap, though, at 50 times estimated 2022 profits. About 13% of the shares are held short, according to FactSet.Lyft (LYFT) also fits into the reopening theme; shares are up 178% in the last 52 weeks, including a 35% gain this year. Ride-sharing could pick up as more people head to work, meetings, and evenings out.However, Lyft and its chief rival Uber Technologies (UBER) face rising labor costs and regulatory hurdles in Europe and other regions. Wall Street sees Lyft losing $1.08 a share this year and turning a modest profit of 17 cents in 2022. That gives it a multiple of 379 times 2022 earnings. Short interest is around 9%.Restoration Hardware parent Restoration Hardware (RH) has been a stay-at-home winner. The stock soared 338% over the last year and it’s ahead 5% this year. The company is profitable, expected to earn $19.17 a share this year, up from an estimated $17.05 in 2020. But the stock hit a rough patch in early March as high-growth, high-multiple stocks sold off.RH trades at 22 times 2022 earnings, which doesn’t look excessive. But It is now vulnerable to a blowup, according to Wolfe, with short-interest at 11% of the float.Beyond Meat (BYND) has long been a battleground between alt-meat bulls and bears. The stock has surged 93% over the last 52 weeks, defying the bears, but at recent prices around $142, it’s off 36% from its 52-week high of $221.The alt-meat trend is going strong, and Beyond is working its way into more restaurants and supermarkets, while expanding its product line. But alt-meat rivals are gaining traction. Beyond’s profits aren’t expected to roll in until 2022, when the firm is anticipated to earn 23 cents a share. At that level of profit, the stock trades at 621 times earnings.Stocks like Beyond trade on underlying business momentum, making earnings less of a share-price driver. Still, it isn’t encouraging that Wall Street sees the losses piling up. Per-share estimates for 2021 have been lowered 12% in the last week, according to FactSet, and 2021 estimates are down 190% in the past three months.Meanwhile, First Solar (FSLR) is riding a wave of investor demand for green stocks from ESG funds and others looking for exposure to clean energy. The company, which makes solar power systems and modules, has gained 124% over the last 52 weeks. The company has reported strong sales and bookings, but the stock is also baking in friendly climate policies from the Biden administration.The stock has been wavering, however, after its big run. It has slumped 17% this year and it’s off more than 20% from 52-week highs around $112, recently trading around $82. Despite a favorable backdrop for green energy, First Solar’s sales and earnings are expected to fall slightly from 2021 to 2022. The stock trades at 24 times 2022 earnings, a premium to the market.Other large-cap stocks that make Wolfe’s blowup watch list include BioMarin Pharmaceutical (BMRN), Zendesk (ZEN), and Advanced Micro Devices (AMD). Zendesk and AMD are each up more than 100% over the last year, while BioMarin has been flat. All trade at steep valuations, with Zendesk topping the list at 130 times 2022 earnings estimates.A blowup may not be imminent in any of these names, but stocks without a significant profit in sight may fall sharply if market jitters resurface and investors start to appreciate higher earnings quality.","news_type":1,"symbols_score_info":{"CVNA":0.9,"BYND":0.9,"COTY":0.9,"AMD":0.9,"FSLR":0.9,"NCLH":0.9,"BMRN":0.9,"EXPE":0.9,"RH":0.9,"ZEN":0.9,"LYFT":0.9}},"isVote":1,"tweetType":1,"viewCount":1065,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":326991747,"gmtCreate":1615570576289,"gmtModify":1703491178720,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>[微笑]&nbsp;","listText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>[微笑]&nbsp;","text":"$Castor Maritime, Inc.(CTRM)$[微笑]","images":[{"img":"https://static.tigerbbs.com/1eb36addc3ca6d00a046663f9a40a34c","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/326991747","isVote":1,"tweetType":1,"viewCount":741,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":326023583,"gmtCreate":1615565586642,"gmtModify":1703491106908,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"[贱笑]&nbsp;","listText":"[贱笑]&nbsp;","text":"[贱笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/326023583","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":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".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":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":802,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":328060639,"gmtCreate":1615474930521,"gmtModify":1703489665229,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/328060639","repostId":"1136757933","repostType":4,"isVote":1,"tweetType":1,"viewCount":292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328015094,"gmtCreate":1615474533118,"gmtModify":1703489644482,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>[冷漠]&nbsp;","listText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>[冷漠]&nbsp;","text":"$Phunware, Inc.(PHUN)$[冷漠]","images":[{"img":"https://static.tigerbbs.com/9873e5557e74d59d0fd3bf7da0e021b2","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/328015094","isVote":1,"tweetType":1,"viewCount":682,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":323045072,"gmtCreate":1615293525396,"gmtModify":1703486873704,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/323045072","repostId":"1123577039","repostType":4,"repost":{"id":"1123577039","kind":"news","pubTimestamp":1615290997,"share":"https://www.laohu8.com/m/news/1123577039?lang=zh_CN&edition=full","pubTime":"2021-03-09 19:56","market":"us","language":"en","title":"SPAC Pioneers Reap the Rewards After Waiting Nearly 30 Years<blockquote>SPAC先驱等待近30年后收获回报</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1123577039","media":"The Wall Street Journal","summary":"Blank-check companies have raised more than $70 billion this year; their co-creator once feared the ","content":"<p>Blank-check companies have raised more than $70 billion this year; their co-creator once feared the SPAC wouldn’t make it</p><p><blockquote>空白支票公司今年已筹集超过700亿美元；他们的联合创始人曾经担心SPAC无法成功</blockquote></p><p> The flashiest trend in finance traces back three decades to a pair of old law-school buddies. Now, they are finally cashing in.</p><p><blockquote>金融界最耀眼的趋势可以追溯到三十年前的一对法学院老朋友。现在，他们终于兑现了。</blockquote></p><p> Investment banker David Nussbaum and lawyer David Miller—known to each other as “Nuss” and “Miller”—invented the special-purpose acquisition company in 1993 to give private firms another way to access everyday investors. SPACs were rarely used and obscure for much of their careers,but are now all the rage—attracting the biggest names in&nbsp;finance,technology&nbsp;and&nbsp;entertainment. Messrs. Nussbaum and Miller have never been busier.</p><p><blockquote>投资银行家大卫·娜斯鲍姆(David Nussbaum)和律师大卫·米勒(David Miller)——彼此称为“Nuss”和“Miller”——于1993年发明了这家特殊目的收购公司，为私营公司提供了另一种接触日常投资者的方式。SPAC在其职业生涯的大部分时间里很少被使用且默默无闻，但现在风靡一时——吸引了金融、科技和娱乐领域的大腕。娜斯鲍姆先生和米勒先生从未如此忙碌过。</blockquote></p><p> “It’s taken me 27 years to become an overnight sensation,” said Mr. Nussbaum, a 66-year-old from Roslyn, N.Y., on Long Island, who co-founded the SPAC-focused investment bank EarlyBirdCapital Inc.</p><p><blockquote>“我花了27年时间才一夜成名，”66岁的努斯鲍姆说，他来自纽约长岛的罗斯林，是专注于SPAC的投资银行EarlyBirdCapital Inc.的联合创始人。</blockquote></p><p> Also called blank-check companies, SPACs are shell firms that list on a stock exchange with the sole purpose of combining with a private company to take it public. They have become a popular way for startups&nbsp;to access individual investors&nbsp;and a cash cow for the&nbsp;wealthy individuals who create them. SPAC founders now include everyone from hedge-fund manager William Ackman to former baseball player Alex Rodriguez.</p><p><blockquote>SPAC也称为空白支票公司，是在证券交易所上市的空壳公司，其唯一目的是与私营公司合并使其上市。它们已经成为初创公司接触个人投资者的一种流行方式，也是创建它们的富人的摇钱树。SPAC的创始人现在包括从对冲基金经理威廉·阿克曼到前棒球运动员A·罗德里格兹的所有人。</blockquote></p><p> SPACs have raised more than $70 billion this year and now account for roughly 70% of all initial public offerings, up from 20% two years ago and a negligible total for much of the past 20 years, according to Dealogic.</p><p><blockquote>根据Dealogic的数据，SPAC今年筹集了超过700亿美元，目前约占所有首次公开募股的70%，高于两年前的20%，在过去20年的大部分时间里，这一数字微不足道。</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>SPAC Pioneers Reap the Rewards After Waiting Nearly 30 Years<blockquote>SPAC先驱等待近30年后收获回报</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\">\nSPAC Pioneers Reap the Rewards After Waiting Nearly 30 Years<blockquote>SPAC先驱等待近30年后收获回报</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\">2021-03-09 19:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Blank-check companies have raised more than $70 billion this year; their co-creator once feared the SPAC wouldn’t make it</p><p><blockquote>空白支票公司今年已筹集超过700亿美元；他们的联合创始人曾经担心SPAC无法成功</blockquote></p><p> The flashiest trend in finance traces back three decades to a pair of old law-school buddies. Now, they are finally cashing in.</p><p><blockquote>金融界最耀眼的趋势可以追溯到三十年前的一对法学院老朋友。现在，他们终于兑现了。</blockquote></p><p> Investment banker David Nussbaum and lawyer David Miller—known to each other as “Nuss” and “Miller”—invented the special-purpose acquisition company in 1993 to give private firms another way to access everyday investors. SPACs were rarely used and obscure for much of their careers,but are now all the rage—attracting the biggest names in&nbsp;finance,technology&nbsp;and&nbsp;entertainment. Messrs. Nussbaum and Miller have never been busier.</p><p><blockquote>投资银行家大卫·娜斯鲍姆(David Nussbaum)和律师大卫·米勒(David Miller)——彼此称为“Nuss”和“Miller”——于1993年发明了这家特殊目的收购公司，为私营公司提供了另一种接触日常投资者的方式。SPAC在其职业生涯的大部分时间里很少被使用且默默无闻，但现在风靡一时——吸引了金融、科技和娱乐领域的大腕。娜斯鲍姆先生和米勒先生从未如此忙碌过。</blockquote></p><p> “It’s taken me 27 years to become an overnight sensation,” said Mr. Nussbaum, a 66-year-old from Roslyn, N.Y., on Long Island, who co-founded the SPAC-focused investment bank EarlyBirdCapital Inc.</p><p><blockquote>“我花了27年时间才一夜成名，”66岁的努斯鲍姆说，他来自纽约长岛的罗斯林，是专注于SPAC的投资银行EarlyBirdCapital Inc.的联合创始人。</blockquote></p><p> Also called blank-check companies, SPACs are shell firms that list on a stock exchange with the sole purpose of combining with a private company to take it public. They have become a popular way for startups&nbsp;to access individual investors&nbsp;and a cash cow for the&nbsp;wealthy individuals who create them. SPAC founders now include everyone from hedge-fund manager William Ackman to former baseball player Alex Rodriguez.</p><p><blockquote>SPAC也称为空白支票公司，是在证券交易所上市的空壳公司，其唯一目的是与私营公司合并使其上市。它们已经成为初创公司接触个人投资者的一种流行方式，也是创建它们的富人的摇钱树。SPAC的创始人现在包括从对冲基金经理威廉·阿克曼到前棒球运动员A·罗德里格兹的所有人。</blockquote></p><p> SPACs have raised more than $70 billion this year and now account for roughly 70% of all initial public offerings, up from 20% two years ago and a negligible total for much of the past 20 years, according to Dealogic.</p><p><blockquote>根据Dealogic的数据，SPAC今年筹集了超过700亿美元，目前约占所有首次公开募股的70%，高于两年前的20%，在过去20年的大部分时间里，这一数字微不足道。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/they-created-the-spac-in-1993-now-theyre-reaping-the-rewards-11615285801?mod=hp_lead_pos4\">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":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.wsj.com/articles/they-created-the-spac-in-1993-now-theyre-reaping-the-rewards-11615285801?mod=hp_lead_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123577039","content_text":"Blank-check companies have raised more than $70 billion this year; their co-creator once feared the SPAC wouldn’t make it\nThe flashiest trend in finance traces back three decades to a pair of old law-school buddies. Now, they are finally cashing in.\nInvestment banker David Nussbaum and lawyer David Miller—known to each other as “Nuss” and “Miller”—invented the special-purpose acquisition company in 1993 to give private firms another way to access everyday investors. SPACs were rarely used and obscure for much of their careers,but are now all the rage—attracting the biggest names in finance,technology and entertainment. Messrs. Nussbaum and Miller have never been busier.\n“It’s taken me 27 years to become an overnight sensation,” said Mr. Nussbaum, a 66-year-old from Roslyn, N.Y., on Long Island, who co-founded the SPAC-focused investment bank EarlyBirdCapital Inc.\nAlso called blank-check companies, SPACs are shell firms that list on a stock exchange with the sole purpose of combining with a private company to take it public. They have become a popular way for startups to access individual investors and a cash cow for the wealthy individuals who create them. SPAC founders now include everyone from hedge-fund manager William Ackman to former baseball player Alex Rodriguez.\nSPACs have raised more than $70 billion this year and now account for roughly 70% of all initial public offerings, up from 20% two years ago and a negligible total for much of the past 20 years, according to Dealogic.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":650,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323042591,"gmtCreate":1615293510713,"gmtModify":1703486873186,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/323042591","repostId":"1111423037","repostType":4,"repost":{"id":"1111423037","kind":"news","pubTimestamp":1615293095,"share":"https://www.laohu8.com/m/news/1111423037?lang=zh_CN&edition=full","pubTime":"2021-03-09 20:31","market":"us","language":"en","title":"This clear signal says the big tech unwind isn’t done yet, according to strategist<blockquote>策略师表示，这一明确信号表明大型科技股的放松尚未完成</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111423037","media":"MarketWatch","summary":"Critical information for the U.S. trading day\nGet that Dow 32,000 beanie hat ready for Tuesday, as p","content":"<p>Critical information for the U.S. trading day</p><p><blockquote>美国交易日关键信息</blockquote></p><p> Get that Dow&nbsp;32,000 beanie hat ready for Tuesday, as pressure in the bond market continues to ease and celebrating over a $1.9 trillion stimulus package carries on a bit. Futures are also pointing to a sharp rebound for technology stocks after the Nasdaq Composite&nbsp;fell into correction territory on Monday.</p><p><blockquote>随着债券市场的压力继续缓解，庆祝超过1.9万亿美元的刺激计划仍在继续，为周二的道琼斯指数32,000点做好准备。期货还表明，在纳斯达克综合指数周一跌入回调区域后，科技股将大幅反弹。</blockquote></p><p> One valid question to ask right now is, how much more of a pullback for techs will we see? “Our work on positioning suggests that the big tech unwind may be at least halfway done, but isn’t finished,” said Lori Calvasina, RBC Capital’s head of U.S. equity strategy, in our&nbsp;<b>call of the day</b>.</p><p><blockquote>现在要问的一个有效问题是，我们会看到科技股进一步回调多少？加拿大皇家银行资本(RBC Capital)美国股票策略主管洛里·卡尔瓦西纳(Lori Calvasina)在我们的报告中表示：“我们的定位工作表明，大型科技股的平仓可能至少已经完成了一半，但还没有结束。”<b>今日看涨期权</b>.</blockquote></p><p> Calvasina based this on a tracking of weekly Nasdaq futures contracts, provided by the U.S. Commodity Futures Trading Commission. The data are used by some on Wall Street as a measure of sentiment of how hedge funds and institutional investors are positioning in the U.S. equity markets.</p><p><blockquote>Calvasina基于美国商品期货交易委员会提供的每周纳斯达克期货合约跟踪。华尔街的一些人使用这些数据来衡量对冲基金和机构投资者在美国股市的定位。</blockquote></p><p> “This indicator…returned to 2013-2014 peaks on a dollar value basis [left image] earlier this year, and to levels that have marked the peak several times since then in terms of the number of contracts owned [right image],” she said. “While U.S. equity futures positioning generally has been highlighting risk of a pullback in stocks in recent months, that signal has been the most clear in Nasdaq positioning.”</p><p><blockquote>“今年早些时候，该指标……以美元价值计算回到了2013-2014年的峰值[左图]，并在拥有的合约数量方面多次达到峰值的水平[右图]，”她说。“虽然近几个月来美国股指期货仓位普遍凸显了股市回调的风险，但这一信号在纳斯达克仓位中最为明显。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6281c4e4ef83849068bf0c3a1e1adfbe\" tg-width=\"1260\" tg-height=\"636\"></p><p><blockquote></blockquote></p><p> As of the last update (last Tuesday’s close), the decline in Nasdaq futures positioning was roughly halfway back to the lows of 2018 in terms of dollar value and contracts, she said.</p><p><blockquote>她表示，截至上次更新（上周二收盘），就美元价值和合约而言，纳斯达克期货头寸的跌幅约为2018年低点的一半。</blockquote></p><p> Calvasina also suggested investors keep an eye on valuations for the tech + internet + media + telecom (TIMT) space, based on where those levels were in the bubble of 2000.</p><p><blockquote>Calvasina还建议投资者根据2000年泡沫中的水平，密切关注科技+互联网+媒体+电信(TIMT)领域的估值。</blockquote></p><p> “Our work here also suggests that big tech underperformance hasn’t run its course,” she said, even with sharp falls seen early this year, the weighted median forward price/earnings measure of TIMT sits at 26.2 times, well above a long-term average of 18.3 times. It is also elevated on a forward price/earnings relative to the S&amp;P 500.</p><p><blockquote>她表示：“我们在这里的工作还表明，大型科技公司的表现不佳还没有结束。”尽管今年早些时候出现了大幅下跌，但TIMT的加权预期市盈率中位数仍为26.2倍，远高于长期平均水平18.3倍。相对于标普500，它的远期市盈率也有所提高。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7306c8462ecd9679fb16c08ac3a469c7\" tg-width=\"1260\" tg-height=\"646\"><span>UNCREDITED</span></p><p><blockquote><p class=\"t-img-caption\"><span>未记入</span></p></blockquote></p><p> As for what investors should do now, Calvasina has been telling clients that small-caps look cheap versus large-caps, and financials, energy and material don’t look expensive yet.</p><p><blockquote>至于投资者现在应该做什么，卡尔瓦西纳一直告诉客户，与大盘股相比，小盘股看起来很便宜，而金融、能源和材料股看起来还不贵。</blockquote></p><p> She is also eyeing the midcap space for a few reasons. Firstly, the Russell Midcap&nbsp;and S&amp;P 400 MidCap&nbsp;benchmark indexes are more exposed to cyclical sectors than TIMT, futures positioning on those smaller stocks isn’t looking stretched (see chart below) and valuations look attractive versus large-caps, and reasonable versus smaller companies, she argues.</p><p><blockquote>出于几个原因，她也关注中型股领域。首先，罗素中型股和标准普尔400中型股基准指数比TIMT更容易受到周期性行业的影响，这些小型股票的期货头寸看起来并不紧张（见下图），估值与大盘股相比看起来很有吸引力，与小型股相比也很合理。她认为，公司。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/750d414832524e7c7c6e718db9a1d110\" tg-width=\"1260\" tg-height=\"653\"><span>UNCREDITED</span></p><p><blockquote><p class=\"t-img-caption\"><span>未记入</span></p></blockquote></p><p> “We’ve been advising managers to move down market cap, given the tendency of low market cap to outperform within the Russell 1000&nbsp;coming out of recessions and over time,” said Calvasina.</p><p><blockquote>卡尔瓦西纳表示：“我们一直建议管理者降低市值，因为随着时间的推移，低市值往往会跑赢罗素1000指数。”</blockquote></p><p> <b>The markets</b></p><p><blockquote><b>市场</b></blockquote></p><p> Stock futures&nbsp;are pointing to gains across the board, led by beaten-down techs,up 2%. European markets&nbsp;are rising. That is as pressure on bonds ease up, with the yield on the 10-year U.S. Treasury note&nbsp;down 7 basis points to 1.52%.</p><p><blockquote>股指期货全线上涨，其中科技股上涨2%。欧洲市场正在上涨。与此同时，债券压力有所缓解，10年期美国国债收益率下跌7个基点至1.52%。</blockquote></p><p> <b>The chart</b></p><p><blockquote><b>图表</b></blockquote></p><p> It was a bumpy ride on Tuesday for China’s CSI 3000,which lost 2.1%, evenamid a reportthat Chinese state funds were buying stocks.</p><p><blockquote>周二，中国沪深3000指数经历了坎坷，尽管有报道称中国国家基金正在购买股票，但该指数仍下跌2.1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f2dd0668688161c84ab8c9e5a6d520a8\" tg-width=\"906\" tg-height=\"482\"></p><p><blockquote></blockquote></p><p> <b>The quote</b></p><p><blockquote><b>引用</b></blockquote></p><p> “I’m happy that the market is broadening out.” That was Cathie Wood, founder of the popular ARK Investment Management and exchange-traded funds like ARK Innovation,speaking in aBloomberg interviewlate on Monday. She says she’s finding opportunities in the recent tech selloff.</p><p><blockquote>“我很高兴市场正在扩大。”这是广受欢迎的ARK Investment Management和ARK Innovation等交易所交易基金的创始人凯西·伍德(Cathie Wood)周一在彭博社采访中发表的讲话。她表示，她正在最近的科技股抛售中寻找机会。</blockquote></p><p> <b>The buzz</b></p><p><blockquote><b>嗡嗡声</b></blockquote></p><p> One stock that several ARK ETFs are exposed to is electric-car maker Tesla.The tech selloff has erasedmore than a quarter of a trillion dollarsoff the electric-car maker’s market cap in just over a month. But shares are up about 5% in premarket.</p><p><blockquote>多只ARK ETF投资的一只股票是电动汽车制造商特斯拉。在短短一个多月的时间里，科技股的抛售使这家电动汽车制造商的市值蒸发了超过25万亿美元。但盘前股价上涨约5%。</blockquote></p><p> Small businesses are less anxious, but wrestling with an uneven recovery, the latest&nbsp;data compiled by the National Federation of Independent Business showed.</p><p><blockquote>全国独立企业联合会汇编的最新数据显示，小企业不那么焦虑，但正在努力应对不均衡的复苏。</blockquote></p><p> The COVID-19 vaccine from drug company Pfizer&nbsp;and its partner BioNTech&nbsp;neutralized a fast-spreading Brazilian variant of coronavirus,according to a new study.And Russia’s Sputnik V vaccine will soon beproduced in Europe.</p><p><blockquote>根据一项新的研究，制药公司辉瑞及其合作伙伴BioNTech的新冠肺炎疫苗中和了一种快速传播的巴西冠状病毒变种。俄国的“卫星-V”疫苗也将很快在欧洲生产。</blockquote></p><p></p><p> Shares of videogames retailer GameStop,the poster child of the retail frenzy from earlier this year, aresurging in premarketafter the company said it has createda new strategy committee&nbsp;to identify ways to accelerate its transformation. The Senate Banking Committee will hold a&nbsp;hearing on the GameStop saga on Tuesday.</p><p><blockquote>视频游戏零售商游戏驿站是今年早些时候零售狂潮的典型代表，该公司表示已成立新的战略委员会来确定加速转型的方法，该公司的股价在盘前上涨。参议院银行委员会将于周二就游戏驿站事件举行听证会。</blockquote></p><p> Stitch Fix&nbsp;shares are tumbling, after the retailer’s sales numbersfell short of Wall Street hopes.</p><p><blockquote>在零售商Stitch Fix的销售数据低于华尔街的希望后，该公司股价暴跌。</blockquote></p><p> Zoom&nbsp;founder Eric Yuan transferred $6 billion worth of his shares to unspecified beneficiaries last week,says a regulatory filing.</p><p><blockquote>一份监管文件称，Zoom创始人Eric Yuan上周将价值60亿美元的股票转让给了未指明的受益人。</blockquote></p><p></p>","source":"market_watch","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>This clear signal says the big tech unwind isn’t done yet, according to strategist<blockquote>策略师表示，这一明确信号表明大型科技股的放松尚未完成</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\">\nThis clear signal says the big tech unwind isn’t done yet, according to strategist<blockquote>策略师表示，这一明确信号表明大型科技股的放松尚未完成</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-03-09 20:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Critical information for the U.S. trading day</p><p><blockquote>美国交易日关键信息</blockquote></p><p> Get that Dow&nbsp;32,000 beanie hat ready for Tuesday, as pressure in the bond market continues to ease and celebrating over a $1.9 trillion stimulus package carries on a bit. Futures are also pointing to a sharp rebound for technology stocks after the Nasdaq Composite&nbsp;fell into correction territory on Monday.</p><p><blockquote>随着债券市场的压力继续缓解，庆祝超过1.9万亿美元的刺激计划仍在继续，为周二的道琼斯指数32,000点做好准备。期货还表明，在纳斯达克综合指数周一跌入回调区域后，科技股将大幅反弹。</blockquote></p><p> One valid question to ask right now is, how much more of a pullback for techs will we see? “Our work on positioning suggests that the big tech unwind may be at least halfway done, but isn’t finished,” said Lori Calvasina, RBC Capital’s head of U.S. equity strategy, in our&nbsp;<b>call of the day</b>.</p><p><blockquote>现在要问的一个有效问题是，我们会看到科技股进一步回调多少？加拿大皇家银行资本(RBC Capital)美国股票策略主管洛里·卡尔瓦西纳(Lori Calvasina)在我们的报告中表示：“我们的定位工作表明，大型科技股的平仓可能至少已经完成了一半，但还没有结束。”<b>今日看涨期权</b>.</blockquote></p><p> Calvasina based this on a tracking of weekly Nasdaq futures contracts, provided by the U.S. Commodity Futures Trading Commission. The data are used by some on Wall Street as a measure of sentiment of how hedge funds and institutional investors are positioning in the U.S. equity markets.</p><p><blockquote>Calvasina基于美国商品期货交易委员会提供的每周纳斯达克期货合约跟踪。华尔街的一些人使用这些数据来衡量对冲基金和机构投资者在美国股市的定位。</blockquote></p><p> “This indicator…returned to 2013-2014 peaks on a dollar value basis [left image] earlier this year, and to levels that have marked the peak several times since then in terms of the number of contracts owned [right image],” she said. “While U.S. equity futures positioning generally has been highlighting risk of a pullback in stocks in recent months, that signal has been the most clear in Nasdaq positioning.”</p><p><blockquote>“今年早些时候，该指标……以美元价值计算回到了2013-2014年的峰值[左图]，并在拥有的合约数量方面多次达到峰值的水平[右图]，”她说。“虽然近几个月来美国股指期货仓位普遍凸显了股市回调的风险，但这一信号在纳斯达克仓位中最为明显。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6281c4e4ef83849068bf0c3a1e1adfbe\" tg-width=\"1260\" tg-height=\"636\"></p><p><blockquote></blockquote></p><p> As of the last update (last Tuesday’s close), the decline in Nasdaq futures positioning was roughly halfway back to the lows of 2018 in terms of dollar value and contracts, she said.</p><p><blockquote>她表示，截至上次更新（上周二收盘），就美元价值和合约而言，纳斯达克期货头寸的跌幅约为2018年低点的一半。</blockquote></p><p> Calvasina also suggested investors keep an eye on valuations for the tech + internet + media + telecom (TIMT) space, based on where those levels were in the bubble of 2000.</p><p><blockquote>Calvasina还建议投资者根据2000年泡沫中的水平，密切关注科技+互联网+媒体+电信(TIMT)领域的估值。</blockquote></p><p> “Our work here also suggests that big tech underperformance hasn’t run its course,” she said, even with sharp falls seen early this year, the weighted median forward price/earnings measure of TIMT sits at 26.2 times, well above a long-term average of 18.3 times. It is also elevated on a forward price/earnings relative to the S&amp;P 500.</p><p><blockquote>她表示：“我们在这里的工作还表明，大型科技公司的表现不佳还没有结束。”尽管今年早些时候出现了大幅下跌，但TIMT的加权预期市盈率中位数仍为26.2倍，远高于长期平均水平18.3倍。相对于标普500，它的远期市盈率也有所提高。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7306c8462ecd9679fb16c08ac3a469c7\" tg-width=\"1260\" tg-height=\"646\"><span>UNCREDITED</span></p><p><blockquote><p class=\"t-img-caption\"><span>未记入</span></p></blockquote></p><p> As for what investors should do now, Calvasina has been telling clients that small-caps look cheap versus large-caps, and financials, energy and material don’t look expensive yet.</p><p><blockquote>至于投资者现在应该做什么，卡尔瓦西纳一直告诉客户，与大盘股相比，小盘股看起来很便宜，而金融、能源和材料股看起来还不贵。</blockquote></p><p> She is also eyeing the midcap space for a few reasons. Firstly, the Russell Midcap&nbsp;and S&amp;P 400 MidCap&nbsp;benchmark indexes are more exposed to cyclical sectors than TIMT, futures positioning on those smaller stocks isn’t looking stretched (see chart below) and valuations look attractive versus large-caps, and reasonable versus smaller companies, she argues.</p><p><blockquote>出于几个原因，她也关注中型股领域。首先，罗素中型股和标准普尔400中型股基准指数比TIMT更容易受到周期性行业的影响，这些小型股票的期货头寸看起来并不紧张（见下图），估值与大盘股相比看起来很有吸引力，与小型股相比也很合理。她认为，公司。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/750d414832524e7c7c6e718db9a1d110\" tg-width=\"1260\" tg-height=\"653\"><span>UNCREDITED</span></p><p><blockquote><p class=\"t-img-caption\"><span>未记入</span></p></blockquote></p><p> “We’ve been advising managers to move down market cap, given the tendency of low market cap to outperform within the Russell 1000&nbsp;coming out of recessions and over time,” said Calvasina.</p><p><blockquote>卡尔瓦西纳表示：“我们一直建议管理者降低市值，因为随着时间的推移，低市值往往会跑赢罗素1000指数。”</blockquote></p><p> <b>The markets</b></p><p><blockquote><b>市场</b></blockquote></p><p> Stock futures&nbsp;are pointing to gains across the board, led by beaten-down techs,up 2%. European markets&nbsp;are rising. That is as pressure on bonds ease up, with the yield on the 10-year U.S. Treasury note&nbsp;down 7 basis points to 1.52%.</p><p><blockquote>股指期货全线上涨，其中科技股上涨2%。欧洲市场正在上涨。与此同时，债券压力有所缓解，10年期美国国债收益率下跌7个基点至1.52%。</blockquote></p><p> <b>The chart</b></p><p><blockquote><b>图表</b></blockquote></p><p> It was a bumpy ride on Tuesday for China’s CSI 3000,which lost 2.1%, evenamid a reportthat Chinese state funds were buying stocks.</p><p><blockquote>周二，中国沪深3000指数经历了坎坷，尽管有报道称中国国家基金正在购买股票，但该指数仍下跌2.1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f2dd0668688161c84ab8c9e5a6d520a8\" tg-width=\"906\" tg-height=\"482\"></p><p><blockquote></blockquote></p><p> <b>The quote</b></p><p><blockquote><b>引用</b></blockquote></p><p> “I’m happy that the market is broadening out.” That was Cathie Wood, founder of the popular ARK Investment Management and exchange-traded funds like ARK Innovation,speaking in aBloomberg interviewlate on Monday. She says she’s finding opportunities in the recent tech selloff.</p><p><blockquote>“我很高兴市场正在扩大。”这是广受欢迎的ARK Investment Management和ARK Innovation等交易所交易基金的创始人凯西·伍德(Cathie Wood)周一在彭博社采访中发表的讲话。她表示，她正在最近的科技股抛售中寻找机会。</blockquote></p><p> <b>The buzz</b></p><p><blockquote><b>嗡嗡声</b></blockquote></p><p> One stock that several ARK ETFs are exposed to is electric-car maker Tesla.The tech selloff has erasedmore than a quarter of a trillion dollarsoff the electric-car maker’s market cap in just over a month. But shares are up about 5% in premarket.</p><p><blockquote>多只ARK ETF投资的一只股票是电动汽车制造商特斯拉。在短短一个多月的时间里，科技股的抛售使这家电动汽车制造商的市值蒸发了超过25万亿美元。但盘前股价上涨约5%。</blockquote></p><p> Small businesses are less anxious, but wrestling with an uneven recovery, the latest&nbsp;data compiled by the National Federation of Independent Business showed.</p><p><blockquote>全国独立企业联合会汇编的最新数据显示，小企业不那么焦虑，但正在努力应对不均衡的复苏。</blockquote></p><p> The COVID-19 vaccine from drug company Pfizer&nbsp;and its partner BioNTech&nbsp;neutralized a fast-spreading Brazilian variant of coronavirus,according to a new study.And Russia’s Sputnik V vaccine will soon beproduced in Europe.</p><p><blockquote>根据一项新的研究，制药公司辉瑞及其合作伙伴BioNTech的新冠肺炎疫苗中和了一种快速传播的巴西冠状病毒变种。俄国的“卫星-V”疫苗也将很快在欧洲生产。</blockquote></p><p></p><p> Shares of videogames retailer GameStop,the poster child of the retail frenzy from earlier this year, aresurging in premarketafter the company said it has createda new strategy committee&nbsp;to identify ways to accelerate its transformation. The Senate Banking Committee will hold a&nbsp;hearing on the GameStop saga on Tuesday.</p><p><blockquote>视频游戏零售商游戏驿站是今年早些时候零售狂潮的典型代表，该公司表示已成立新的战略委员会来确定加速转型的方法，该公司的股价在盘前上涨。参议院银行委员会将于周二就游戏驿站事件举行听证会。</blockquote></p><p> Stitch Fix&nbsp;shares are tumbling, after the retailer’s sales numbersfell short of Wall Street hopes.</p><p><blockquote>在零售商Stitch Fix的销售数据低于华尔街的希望后，该公司股价暴跌。</blockquote></p><p> Zoom&nbsp;founder Eric Yuan transferred $6 billion worth of his shares to unspecified beneficiaries last week,says a regulatory filing.</p><p><blockquote>一份监管文件称，Zoom创始人Eric Yuan上周将价值60亿美元的股票转让给了未指明的受益人。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/this-clear-signal-says-the-big-tech-unwind-isnt-done-yet-according-to-strategist-11615292077?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":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/this-clear-signal-says-the-big-tech-unwind-isnt-done-yet-according-to-strategist-11615292077?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1111423037","content_text":"Critical information for the U.S. trading day\nGet that Dow 32,000 beanie hat ready for Tuesday, as pressure in the bond market continues to ease and celebrating over a $1.9 trillion stimulus package carries on a bit. Futures are also pointing to a sharp rebound for technology stocks after the Nasdaq Composite fell into correction territory on Monday.\nOne valid question to ask right now is, how much more of a pullback for techs will we see? “Our work on positioning suggests that the big tech unwind may be at least halfway done, but isn’t finished,” said Lori Calvasina, RBC Capital’s head of U.S. equity strategy, in our call of the day.\nCalvasina based this on a tracking of weekly Nasdaq futures contracts, provided by the U.S. Commodity Futures Trading Commission. The data are used by some on Wall Street as a measure of sentiment of how hedge funds and institutional investors are positioning in the U.S. equity markets.\n“This indicator…returned to 2013-2014 peaks on a dollar value basis [left image] earlier this year, and to levels that have marked the peak several times since then in terms of the number of contracts owned [right image],” she said. “While U.S. equity futures positioning generally has been highlighting risk of a pullback in stocks in recent months, that signal has been the most clear in Nasdaq positioning.”\n\nAs of the last update (last Tuesday’s close), the decline in Nasdaq futures positioning was roughly halfway back to the lows of 2018 in terms of dollar value and contracts, she said.\nCalvasina also suggested investors keep an eye on valuations for the tech + internet + media + telecom (TIMT) space, based on where those levels were in the bubble of 2000.\n“Our work here also suggests that big tech underperformance hasn’t run its course,” she said, even with sharp falls seen early this year, the weighted median forward price/earnings measure of TIMT sits at 26.2 times, well above a long-term average of 18.3 times. It is also elevated on a forward price/earnings relative to the S&P 500.\nUNCREDITED\nAs for what investors should do now, Calvasina has been telling clients that small-caps look cheap versus large-caps, and financials, energy and material don’t look expensive yet.\nShe is also eyeing the midcap space for a few reasons. Firstly, the Russell Midcap and S&P 400 MidCap benchmark indexes are more exposed to cyclical sectors than TIMT, futures positioning on those smaller stocks isn’t looking stretched (see chart below) and valuations look attractive versus large-caps, and reasonable versus smaller companies, she argues.\nUNCREDITED\n“We’ve been advising managers to move down market cap, given the tendency of low market cap to outperform within the Russell 1000 coming out of recessions and over time,” said Calvasina.\nThe markets\nStock futures are pointing to gains across the board, led by beaten-down techs,up 2%. European markets are rising. That is as pressure on bonds ease up, with the yield on the 10-year U.S. Treasury note down 7 basis points to 1.52%.\nThe chart\nIt was a bumpy ride on Tuesday for China’s CSI 3000,which lost 2.1%, evenamid a reportthat Chinese state funds were buying stocks.\n\nThe quote\n“I’m happy that the market is broadening out.” That was Cathie Wood, founder of the popular ARK Investment Management and exchange-traded funds like ARK Innovation,speaking in aBloomberg interviewlate on Monday. She says she’s finding opportunities in the recent tech selloff.\nThe buzz\nOne stock that several ARK ETFs are exposed to is electric-car maker Tesla.The tech selloff has erasedmore than a quarter of a trillion dollarsoff the electric-car maker’s market cap in just over a month. But shares are up about 5% in premarket.\nSmall businesses are less anxious, but wrestling with an uneven recovery, the latest data compiled by the National Federation of Independent Business showed.\nThe COVID-19 vaccine from drug company Pfizer and its partner BioNTech neutralized a fast-spreading Brazilian variant of coronavirus,according to a new study.And Russia’s Sputnik V vaccine will soon beproduced in Europe.\nShares of videogames retailer GameStop,the poster child of the retail frenzy from earlier this year, aresurging in premarketafter the company said it has createda new strategy committee to identify ways to accelerate its transformation. The Senate Banking Committee will hold a hearing on the GameStop saga on Tuesday.\nStitch Fix shares are tumbling, after the retailer’s sales numbersfell short of Wall Street hopes.\nZoom founder Eric Yuan transferred $6 billion worth of his shares to unspecified beneficiaries last week,says a regulatory filing.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":487,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329151803,"gmtCreate":1615216341702,"gmtModify":1703485852399,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/329151803","repostId":"2117651365","repostType":2,"isVote":1,"tweetType":1,"viewCount":416,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329109253,"gmtCreate":1615213477572,"gmtModify":1703485755223,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"End","listText":"End","text":"End","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/329109253","repostId":"1132314005","repostType":4,"repost":{"id":"1132314005","kind":"news","pubTimestamp":1615211001,"share":"https://www.laohu8.com/m/news/1132314005?lang=zh_CN&edition=full","pubTime":"2021-03-08 21:43","market":"us","language":"en","title":"How to handle market declines<blockquote>如何应对市场下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1132314005","media":"Capital Group","summary":"You wouldn’t be human if you didn’t fear loss.\nNobel Prize-winning psychologist Daniel Kahneman demo","content":"<p>You wouldn’t be human if you didn’t fear loss.</p><p><blockquote>如果你不害怕失去，你就不是人类。</blockquote></p><p> Nobel Prize-winning psychologist Daniel Kahneman demonstrated this with his loss aversion theory, showing that people feel the pain of losing money more than they enjoy gains. The natural instinct is to flee the market when it starts to plummet, just as greed prompts people to jump back in when stocks are skyrocketing. Both can have negative impacts.</p><p><blockquote>诺贝尔奖获得者心理学家丹尼尔·卡尼曼用他的损失厌恶理论证明了这一点，表明人们更多地感受到损失的痛苦，而不是享受收益。当市场开始暴跌时，人们的本能是逃离市场，就像当股票暴涨时，贪婪会促使人们重新投入市场一样。两者都会产生负面影响。</blockquote></p><p> But smart investing can overcome the power of emotion by focusing on relevant research, solid data and proven strategies. Here are seven principles that can help fight the urge to make emotional decisions in times of market turmoil.</p><p><blockquote>但明智的投资可以通过专注于相关研究、可靠的数据和经过验证的策略来克服情绪的力量。这里有七个原则可以帮助你在市场动荡时期抑制情绪化决策的冲动。</blockquote></p><p> <b>1. Market declines are part of investing</b></p><p><blockquote><b>1.市场下跌是投资的一部分</b></blockquote></p><p> Stocks have risen steadily for most of the last decade, but history tells us that stock market declines are an inevitable part of investing. The good news is that corrections (defined as a 10% or more decline), bear markets (an extended 20% or more decline) and other challenging patches haven’t lasted forever.</p><p><blockquote>在过去十年的大部分时间里，股市一直在稳步上涨，但历史告诉我们，股市下跌是投资不可避免的一部分。好消息是，调整（定义为下跌10%或以上）、熊市（下跌20%或以上）和其他具有挑战性的时期并没有永远持续下去。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/de01aaa90e8493bebe0ce8650722d2a9\" tg-width=\"916\" tg-height=\"359\"></p><p><blockquote></blockquote></p><p> The Standard &amp; Poor’s 500 Composite Index has typically dipped at least 10% about once a year, and 20% or more about every six years, according to data from 1950 to 2019. While past results are not predictive of future results, each downturn has been followed by a recovery and a new market high.</p><p><blockquote>根据1950年至2019年的数据，标准普尔500综合指数通常每年至少下跌10%，每六年下跌20%或更多。虽然过去的结果并不能预测未来的结果，但每次低迷之后都会出现复苏和市场新高。</blockquote></p><p> <b>2. Time in the market matters, not market timing</b></p><p><blockquote><b>2.重要的是市场时间，而不是市场时机</b></blockquote></p><p> No one can accurately predict short-term market moves, and investors who sit on the sidelines risk losing out on periods of meaningful price appreciation that follow downturns.</p><p><blockquote>没有人能够准确预测短期市场走势，袖手旁观的投资者可能会错过经济低迷后有意义的价格升值时期。</blockquote></p><p> Every S&amp;P 500 decline of 15% or more, from 1929 through 2019, has been followed by a recovery. The average return in the first year after each of these declines was 54%.</p><p><blockquote>从1929年到2019年，标普500每下降15%或以上，都会出现复苏。每次下跌后第一年的平均回报率为54%。</blockquote></p><p> Even missing out on just a few trading days can take a toll. A hypothetical investment of $1,000 in the S&amp;P 500 made in 2010 would have grown to more than $2,800 by the end of 2019. But if an investor missed just the 10 best trading days during that period, he or she would have ended up with 33% less.</p><p><blockquote>即使错过几个交易日也会造成损失。假设2010年对标普500的投资为1,000美元，到2019年底将增长到2,800多美元。但如果投资者错过了在此期间最好的10个交易日，他或她最终的收益就会减少33%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5f6b5b3ae6b57cc31f1af5aebbc17fa2\" tg-width=\"916\" tg-height=\"517\"></p><p><blockquote></blockquote></p><p> <b>3. Emotional investing can be hazardous</b></p><p><blockquote><b>3.情感投资可能是危险的</b></blockquote></p><p> Kahneman won his Nobel Prize in 2002 for his work in behavioral economics, a field that investigates how individuals make financial decisions. A key finding of behavioral economists is that people often act irrationally when making such choices.</p><p><blockquote>卡尼曼因其在行为经济学方面的工作获得了2002年的诺贝尔奖，该领域研究个人如何做出财务决策。行为经济学家的一个关键发现是，人们在做出这样的选择时往往会做出非理性的行为。</blockquote></p><p> Emotional reactions to market events are perfectly normal. Investors should expect to feel nervous when markets decline, but it’s the actions taken during such periods that can mean the difference between investment success and shortfall.</p><p><blockquote>对市场事件的情绪反应是完全正常的。当市场下跌时，投资者应该会感到紧张，但在此期间采取的行动可能意味着投资成功和失败之间的区别。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4ce214d221fe60c0d520aa334e3d7be7\" tg-width=\"916\" tg-height=\"448\"></p><p><blockquote></blockquote></p><p> One way to encourage rational investment decision-making is to understand the fundamentals of&nbsp;behavioral economics. Recognizing behaviors like anchoring, confirmation bias and availability bias may help investors identify potential mistakes before they make them.</p><p><blockquote>鼓励理性投资决策的一个方法是理解行为经济学的基本原理。识别锚定、确认偏差和可用性偏差等行为可以帮助投资者在犯潜在错误之前识别它们。</blockquote></p><p> <b>4. Make a plan and stick to it</b></p><p><blockquote><b>4.制定计划并坚持下去</b></blockquote></p><p> Creating and adhering to a thoughtfully constructed investment plan is another way to avoid making short-sighted investment decisions — particularly when markets move lower. The plan should take into account a number of factors, including risk tolerance and short- and long-term goals.</p><p><blockquote>制定并坚持深思熟虑的投资计划是避免做出短视投资决策的另一种方法——尤其是当市场走低时。该计划应考虑许多因素，包括风险承受能力以及短期和长期目标。</blockquote></p><p> One way to avoid futile attempts to time the market is with dollar cost averaging, where a fixed amount of money is invested at regular intervals, regardless of market ups and downs. This approach creates a strategy in which more shares are purchased at lower prices and fewer shares are purchased at higher prices. Over time investors pay less, on average, per share. Regular investing does not ensure a profit or protect against loss. Investors should consider their willingness to keep investing when share prices are declining.</p><p><blockquote>避免徒劳地尝试把握市场时机的一种方法是美元成本平均法，即无论市场涨跌如何，定期投资固定金额的资金。这种方法创建了一种策略，其中以较低的价格购买更多股票，以较高的价格购买更少股票。随着时间的推移，投资者平均每股支付的费用会减少。定期投资并不能确保盈利或防止损失。投资者应考虑在股价下跌时继续投资的意愿。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c40068e959546f5e54c0a77a783a038b\" tg-width=\"916\" tg-height=\"501\"></p><p><blockquote></blockquote></p><p> Retirement plans, to which investors make automatic contributions with every paycheck, are a prime example of dollar cost averaging.</p><p><blockquote>投资者用每份薪水自动向退休计划缴款，这是平均成本法的一个典型例子。</blockquote></p><p> <b>5. Diversification matters</b></p><p><blockquote><b>五、多元化事项</b></blockquote></p><p> A diversified portfolio doesn’t guarantee profits or provide assurances that investments won’t decrease in value, but it does help lower risk. By spreading investments across a variety of asset classes, investors can buffer the effects of volatility on their portfolios. Overall returns won’t reach the highest highs of any single investment — but they won’t hit the lowest lows either.</p><p><blockquote>多元化的投资组合并不能保证利润或保证投资不会贬值，但它确实有助于降低风险。通过将投资分散到各种资产类别，投资者可以缓冲波动对其投资组合的影响。总体回报不会达到任何单一投资的最高点，但也不会达到最低点。</blockquote></p><p> For investors who want to avoid some of the stress of downturns, diversification can help lower volatility.</p><p><blockquote>对于想要避免经济低迷压力的投资者来说，多元化有助于降低波动性。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a6b891f36b43c3ca3b7f9285cf8d0ca4\" tg-width=\"916\" tg-height=\"645\"></p><p><blockquote></blockquote></p><p></p><p> <b>6. Fixed income can help bring balance</b></p><p><blockquote><b>6.固定收益有助于带来平衡</b></blockquote></p><p> Stocks are important building blocks of a diversified portfolio, but bonds can provide an essential counterbalance. That’s because bonds typically have low correlation to the stock market, meaning that they have tended to zig when the stock market zagged.</p><p><blockquote>股票是多元化投资组合的重要组成部分，但债券可以提供重要的平衡。这是因为债券通常与股市的相关性较低，这意味着当股市波动时，债券往往会波动。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/890a63f81150f3bfa535786be314ddea\" tg-width=\"916\" tg-height=\"537\"></p><p><blockquote></blockquote></p><p> What’s more, bonds with a low equity correlation can potentially help soften the impact of stock market losses on your overall portfolio. Funds providing this diversification can help create durable portfolios, and investors should seek bond funds with strong track records of positive returns through a variety of markets.</p><p><blockquote>更重要的是，股票相关性较低的债券可能有助于减轻股市损失对您整体投资组合的影响。提供这种多元化的基金可以帮助创建持久的投资组合，投资者应该通过各种市场寻找具有良好正回报记录的债券基金。</blockquote></p><p> Though bonds may not be able to match the growth potential of stocks, they have often shown resilience in past equity declines. For example, U.S. core bonds were flat or positive in five of the last six corrections.</p><p><blockquote>尽管债券可能无法与股票的增长潜力相匹配，但它们在过去的股市下跌中往往表现出弹性。例如，美国核心债券在过去六次调整中有五次持平或上涨。</blockquote></p><p> <b>7. The market tends to reward long-term investors</b></p><p><blockquote><b>7.市场倾向于回报长期投资者</b></blockquote></p><p> Is it reasonable to expect 30% returns every year? Of course not. And if stocks have moved lower in recent weeks, you shouldn’t expect that to be the start of a long-term trend, either. Behavioral economics tells us recent events carry an outsized influence on our perceptions and decisions.</p><p><blockquote>期望每年30%的回报合理吗？当然不是。如果股市最近几周走低，你也不应该指望这是长期趋势的开始。行为经济学告诉我们，最近的事件对我们的感知和决策有着巨大的影响。</blockquote></p><p> It’s always important to maintain a long-term perspective, but especially when markets are declining. Although stocks rise and fall in the short term, they’ve tended to reward investors over longer periods of time. Even including downturns, the S&amp;P 500’s average annual return over all 10-year periods from 1937 to 2019 was 10.47%.</p><p><blockquote>保持长期观点总是很重要，尤其是在市场下跌的时候。尽管股票在短期内上涨和下跌，但它们往往会在较长时间内回报投资者。即使包括低迷时期，标普500在1937年至2019年的所有10年期间的平均年回报率为10.47%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9a43c92755d55227a882d674690c39c3\" tg-width=\"795\" tg-height=\"532\"></p><p><blockquote></blockquote></p><p> It’s natural for emotions to bubble up during periods of volatility. Those investors who can tune out the news and focus on their long-term goals are better positioned to plot out a wise investment strategy.</p><p><blockquote>在波动时期，情绪高涨是很自然的。那些能够忽略新闻并专注于长期目标的投资者能够更好地制定明智的投资策略。</blockquote></p><p></p>","source":"lsy1615210994562","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>How to handle market declines<blockquote>如何应对市场下跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow to handle market declines<blockquote>如何应对市场下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Capital Group</strong><span class=\"h-time small\">2021-03-08 21:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p>You wouldn’t be human if you didn’t fear loss.</p><p><blockquote>如果你不害怕失去，你就不是人类。</blockquote></p><p> Nobel Prize-winning psychologist Daniel Kahneman demonstrated this with his loss aversion theory, showing that people feel the pain of losing money more than they enjoy gains. The natural instinct is to flee the market when it starts to plummet, just as greed prompts people to jump back in when stocks are skyrocketing. Both can have negative impacts.</p><p><blockquote>诺贝尔奖获得者心理学家丹尼尔·卡尼曼用他的损失厌恶理论证明了这一点，表明人们更多地感受到损失的痛苦，而不是享受收益。当市场开始暴跌时，人们的本能是逃离市场，就像当股票暴涨时，贪婪会促使人们重新投入市场一样。两者都会产生负面影响。</blockquote></p><p> But smart investing can overcome the power of emotion by focusing on relevant research, solid data and proven strategies. Here are seven principles that can help fight the urge to make emotional decisions in times of market turmoil.</p><p><blockquote>但明智的投资可以通过专注于相关研究、可靠的数据和经过验证的策略来克服情绪的力量。这里有七个原则可以帮助你在市场动荡时期抑制情绪化决策的冲动。</blockquote></p><p> <b>1. Market declines are part of investing</b></p><p><blockquote><b>1.市场下跌是投资的一部分</b></blockquote></p><p> Stocks have risen steadily for most of the last decade, but history tells us that stock market declines are an inevitable part of investing. The good news is that corrections (defined as a 10% or more decline), bear markets (an extended 20% or more decline) and other challenging patches haven’t lasted forever.</p><p><blockquote>在过去十年的大部分时间里，股市一直在稳步上涨，但历史告诉我们，股市下跌是投资不可避免的一部分。好消息是，调整（定义为下跌10%或以上）、熊市（下跌20%或以上）和其他具有挑战性的时期并没有永远持续下去。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/de01aaa90e8493bebe0ce8650722d2a9\" tg-width=\"916\" tg-height=\"359\"></p><p><blockquote></blockquote></p><p> The Standard &amp; Poor’s 500 Composite Index has typically dipped at least 10% about once a year, and 20% or more about every six years, according to data from 1950 to 2019. While past results are not predictive of future results, each downturn has been followed by a recovery and a new market high.</p><p><blockquote>根据1950年至2019年的数据，标准普尔500综合指数通常每年至少下跌10%，每六年下跌20%或更多。虽然过去的结果并不能预测未来的结果，但每次低迷之后都会出现复苏和市场新高。</blockquote></p><p> <b>2. Time in the market matters, not market timing</b></p><p><blockquote><b>2.重要的是市场时间，而不是市场时机</b></blockquote></p><p> No one can accurately predict short-term market moves, and investors who sit on the sidelines risk losing out on periods of meaningful price appreciation that follow downturns.</p><p><blockquote>没有人能够准确预测短期市场走势，袖手旁观的投资者可能会错过经济低迷后有意义的价格升值时期。</blockquote></p><p> Every S&amp;P 500 decline of 15% or more, from 1929 through 2019, has been followed by a recovery. The average return in the first year after each of these declines was 54%.</p><p><blockquote>从1929年到2019年，标普500每下降15%或以上，都会出现复苏。每次下跌后第一年的平均回报率为54%。</blockquote></p><p> Even missing out on just a few trading days can take a toll. A hypothetical investment of $1,000 in the S&amp;P 500 made in 2010 would have grown to more than $2,800 by the end of 2019. But if an investor missed just the 10 best trading days during that period, he or she would have ended up with 33% less.</p><p><blockquote>即使错过几个交易日也会造成损失。假设2010年对标普500的投资为1,000美元，到2019年底将增长到2,800多美元。但如果投资者错过了在此期间最好的10个交易日，他或她最终的收益就会减少33%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5f6b5b3ae6b57cc31f1af5aebbc17fa2\" tg-width=\"916\" tg-height=\"517\"></p><p><blockquote></blockquote></p><p> <b>3. Emotional investing can be hazardous</b></p><p><blockquote><b>3.情感投资可能是危险的</b></blockquote></p><p> Kahneman won his Nobel Prize in 2002 for his work in behavioral economics, a field that investigates how individuals make financial decisions. A key finding of behavioral economists is that people often act irrationally when making such choices.</p><p><blockquote>卡尼曼因其在行为经济学方面的工作获得了2002年的诺贝尔奖，该领域研究个人如何做出财务决策。行为经济学家的一个关键发现是，人们在做出这样的选择时往往会做出非理性的行为。</blockquote></p><p> Emotional reactions to market events are perfectly normal. Investors should expect to feel nervous when markets decline, but it’s the actions taken during such periods that can mean the difference between investment success and shortfall.</p><p><blockquote>对市场事件的情绪反应是完全正常的。当市场下跌时，投资者应该会感到紧张，但在此期间采取的行动可能意味着投资成功和失败之间的区别。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4ce214d221fe60c0d520aa334e3d7be7\" tg-width=\"916\" tg-height=\"448\"></p><p><blockquote></blockquote></p><p> One way to encourage rational investment decision-making is to understand the fundamentals of&nbsp;behavioral economics. Recognizing behaviors like anchoring, confirmation bias and availability bias may help investors identify potential mistakes before they make them.</p><p><blockquote>鼓励理性投资决策的一个方法是理解行为经济学的基本原理。识别锚定、确认偏差和可用性偏差等行为可以帮助投资者在犯潜在错误之前识别它们。</blockquote></p><p> <b>4. Make a plan and stick to it</b></p><p><blockquote><b>4.制定计划并坚持下去</b></blockquote></p><p> Creating and adhering to a thoughtfully constructed investment plan is another way to avoid making short-sighted investment decisions — particularly when markets move lower. The plan should take into account a number of factors, including risk tolerance and short- and long-term goals.</p><p><blockquote>制定并坚持深思熟虑的投资计划是避免做出短视投资决策的另一种方法——尤其是当市场走低时。该计划应考虑许多因素，包括风险承受能力以及短期和长期目标。</blockquote></p><p> One way to avoid futile attempts to time the market is with dollar cost averaging, where a fixed amount of money is invested at regular intervals, regardless of market ups and downs. This approach creates a strategy in which more shares are purchased at lower prices and fewer shares are purchased at higher prices. Over time investors pay less, on average, per share. Regular investing does not ensure a profit or protect against loss. Investors should consider their willingness to keep investing when share prices are declining.</p><p><blockquote>避免徒劳地尝试把握市场时机的一种方法是美元成本平均法，即无论市场涨跌如何，定期投资固定金额的资金。这种方法创建了一种策略，其中以较低的价格购买更多股票，以较高的价格购买更少股票。随着时间的推移，投资者平均每股支付的费用会减少。定期投资并不能确保盈利或防止损失。投资者应考虑在股价下跌时继续投资的意愿。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c40068e959546f5e54c0a77a783a038b\" tg-width=\"916\" tg-height=\"501\"></p><p><blockquote></blockquote></p><p> Retirement plans, to which investors make automatic contributions with every paycheck, are a prime example of dollar cost averaging.</p><p><blockquote>投资者用每份薪水自动向退休计划缴款，这是平均成本法的一个典型例子。</blockquote></p><p> <b>5. Diversification matters</b></p><p><blockquote><b>五、多元化事项</b></blockquote></p><p> A diversified portfolio doesn’t guarantee profits or provide assurances that investments won’t decrease in value, but it does help lower risk. By spreading investments across a variety of asset classes, investors can buffer the effects of volatility on their portfolios. Overall returns won’t reach the highest highs of any single investment — but they won’t hit the lowest lows either.</p><p><blockquote>多元化的投资组合并不能保证利润或保证投资不会贬值，但它确实有助于降低风险。通过将投资分散到各种资产类别，投资者可以缓冲波动对其投资组合的影响。总体回报不会达到任何单一投资的最高点，但也不会达到最低点。</blockquote></p><p> For investors who want to avoid some of the stress of downturns, diversification can help lower volatility.</p><p><blockquote>对于想要避免经济低迷压力的投资者来说，多元化有助于降低波动性。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a6b891f36b43c3ca3b7f9285cf8d0ca4\" tg-width=\"916\" tg-height=\"645\"></p><p><blockquote></blockquote></p><p></p><p> <b>6. Fixed income can help bring balance</b></p><p><blockquote><b>6.固定收益有助于带来平衡</b></blockquote></p><p> Stocks are important building blocks of a diversified portfolio, but bonds can provide an essential counterbalance. That’s because bonds typically have low correlation to the stock market, meaning that they have tended to zig when the stock market zagged.</p><p><blockquote>股票是多元化投资组合的重要组成部分，但债券可以提供重要的平衡。这是因为债券通常与股市的相关性较低，这意味着当股市波动时，债券往往会波动。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/890a63f81150f3bfa535786be314ddea\" tg-width=\"916\" tg-height=\"537\"></p><p><blockquote></blockquote></p><p> What’s more, bonds with a low equity correlation can potentially help soften the impact of stock market losses on your overall portfolio. Funds providing this diversification can help create durable portfolios, and investors should seek bond funds with strong track records of positive returns through a variety of markets.</p><p><blockquote>更重要的是，股票相关性较低的债券可能有助于减轻股市损失对您整体投资组合的影响。提供这种多元化的基金可以帮助创建持久的投资组合，投资者应该通过各种市场寻找具有良好正回报记录的债券基金。</blockquote></p><p> Though bonds may not be able to match the growth potential of stocks, they have often shown resilience in past equity declines. For example, U.S. core bonds were flat or positive in five of the last six corrections.</p><p><blockquote>尽管债券可能无法与股票的增长潜力相匹配，但它们在过去的股市下跌中往往表现出弹性。例如，美国核心债券在过去六次调整中有五次持平或上涨。</blockquote></p><p> <b>7. The market tends to reward long-term investors</b></p><p><blockquote><b>7.市场倾向于回报长期投资者</b></blockquote></p><p> Is it reasonable to expect 30% returns every year? Of course not. And if stocks have moved lower in recent weeks, you shouldn’t expect that to be the start of a long-term trend, either. Behavioral economics tells us recent events carry an outsized influence on our perceptions and decisions.</p><p><blockquote>期望每年30%的回报合理吗？当然不是。如果股市最近几周走低，你也不应该指望这是长期趋势的开始。行为经济学告诉我们，最近的事件对我们的感知和决策有着巨大的影响。</blockquote></p><p> It’s always important to maintain a long-term perspective, but especially when markets are declining. Although stocks rise and fall in the short term, they’ve tended to reward investors over longer periods of time. Even including downturns, the S&amp;P 500’s average annual return over all 10-year periods from 1937 to 2019 was 10.47%.</p><p><blockquote>保持长期观点总是很重要，尤其是在市场下跌的时候。尽管股票在短期内上涨和下跌，但它们往往会在较长时间内回报投资者。即使包括低迷时期，标普500在1937年至2019年的所有10年期间的平均年回报率为10.47%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9a43c92755d55227a882d674690c39c3\" tg-width=\"795\" tg-height=\"532\"></p><p><blockquote></blockquote></p><p> It’s natural for emotions to bubble up during periods of volatility. Those investors who can tune out the news and focus on their long-term goals are better positioned to plot out a wise investment strategy.</p><p><blockquote>在波动时期，情绪高涨是很自然的。那些能够忽略新闻并专注于长期目标的投资者能够更好地制定明智的投资策略。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.capitalgroup.com/advisor/insights/articles/handle-market-declines.html\">Capital Group</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.capitalgroup.com/advisor/insights/articles/handle-market-declines.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132314005","content_text":"You wouldn’t be human if you didn’t fear loss.\nNobel Prize-winning psychologist Daniel Kahneman demonstrated this with his loss aversion theory, showing that people feel the pain of losing money more than they enjoy gains. The natural instinct is to flee the market when it starts to plummet, just as greed prompts people to jump back in when stocks are skyrocketing. Both can have negative impacts.\nBut smart investing can overcome the power of emotion by focusing on relevant research, solid data and proven strategies. Here are seven principles that can help fight the urge to make emotional decisions in times of market turmoil.\n1. Market declines are part of investing\nStocks have risen steadily for most of the last decade, but history tells us that stock market declines are an inevitable part of investing. The good news is that corrections (defined as a 10% or more decline), bear markets (an extended 20% or more decline) and other challenging patches haven’t lasted forever.\n\nThe Standard & Poor’s 500 Composite Index has typically dipped at least 10% about once a year, and 20% or more about every six years, according to data from 1950 to 2019. While past results are not predictive of future results, each downturn has been followed by a recovery and a new market high.\n2. Time in the market matters, not market timing\nNo one can accurately predict short-term market moves, and investors who sit on the sidelines risk losing out on periods of meaningful price appreciation that follow downturns.\nEvery S&P 500 decline of 15% or more, from 1929 through 2019, has been followed by a recovery. The average return in the first year after each of these declines was 54%.\nEven missing out on just a few trading days can take a toll. A hypothetical investment of $1,000 in the S&P 500 made in 2010 would have grown to more than $2,800 by the end of 2019. But if an investor missed just the 10 best trading days during that period, he or she would have ended up with 33% less.\n\n3. Emotional investing can be hazardous\nKahneman won his Nobel Prize in 2002 for his work in behavioral economics, a field that investigates how individuals make financial decisions. A key finding of behavioral economists is that people often act irrationally when making such choices.\nEmotional reactions to market events are perfectly normal. Investors should expect to feel nervous when markets decline, but it’s the actions taken during such periods that can mean the difference between investment success and shortfall.\n\nOne way to encourage rational investment decision-making is to understand the fundamentals of behavioral economics. Recognizing behaviors like anchoring, confirmation bias and availability bias may help investors identify potential mistakes before they make them.\n4. Make a plan and stick to it\nCreating and adhering to a thoughtfully constructed investment plan is another way to avoid making short-sighted investment decisions — particularly when markets move lower. The plan should take into account a number of factors, including risk tolerance and short- and long-term goals.\nOne way to avoid futile attempts to time the market is with dollar cost averaging, where a fixed amount of money is invested at regular intervals, regardless of market ups and downs. This approach creates a strategy in which more shares are purchased at lower prices and fewer shares are purchased at higher prices. Over time investors pay less, on average, per share. Regular investing does not ensure a profit or protect against loss. Investors should consider their willingness to keep investing when share prices are declining.\n\nRetirement plans, to which investors make automatic contributions with every paycheck, are a prime example of dollar cost averaging.\n5. Diversification matters\nA diversified portfolio doesn’t guarantee profits or provide assurances that investments won’t decrease in value, but it does help lower risk. By spreading investments across a variety of asset classes, investors can buffer the effects of volatility on their portfolios. Overall returns won’t reach the highest highs of any single investment — but they won’t hit the lowest lows either.\nFor investors who want to avoid some of the stress of downturns, diversification can help lower volatility.\n\n6. Fixed income can help bring balance\nStocks are important building blocks of a diversified portfolio, but bonds can provide an essential counterbalance. That’s because bonds typically have low correlation to the stock market, meaning that they have tended to zig when the stock market zagged.\n\nWhat’s more, bonds with a low equity correlation can potentially help soften the impact of stock market losses on your overall portfolio. Funds providing this diversification can help create durable portfolios, and investors should seek bond funds with strong track records of positive returns through a variety of markets.\nThough bonds may not be able to match the growth potential of stocks, they have often shown resilience in past equity declines. For example, U.S. core bonds were flat or positive in five of the last six corrections.\n7. The market tends to reward long-term investors\nIs it reasonable to expect 30% returns every year? Of course not. And if stocks have moved lower in recent weeks, you shouldn’t expect that to be the start of a long-term trend, either. Behavioral economics tells us recent events carry an outsized influence on our perceptions and decisions.\nIt’s always important to maintain a long-term perspective, but especially when markets are declining. Although stocks rise and fall in the short term, they’ve tended to reward investors over longer periods of time. Even including downturns, the S&P 500’s average annual return over all 10-year periods from 1937 to 2019 was 10.47%.\n\nIt’s natural for emotions to bubble up during periods of volatility. Those investors who can tune out the news and focus on their long-term goals are better positioned to plot out a wise investment strategy.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":387,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329347146,"gmtCreate":1615212650485,"gmtModify":1703485737358,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"[惊讶]&nbsp;","listText":"[惊讶]&nbsp;","text":"[惊讶]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/329347146","repostId":"1157475799","repostType":4,"isVote":1,"tweetType":1,"viewCount":740,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":329345326,"gmtCreate":1615212519965,"gmtModify":1703485733890,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/329345326","repostId":"2117575856","repostType":2,"isVote":1,"tweetType":1,"viewCount":444,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":387690960,"gmtCreate":1613742918450,"gmtModify":1634552410484,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>[愤怒]&nbsp;[财迷]&nbsp;","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>[愤怒]&nbsp;[财迷]&nbsp;","text":"$Palantir Technologies Inc.(PLTR)$[愤怒] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":1,"link":"https://laohu8.com/post/387690960","isVote":1,"tweetType":1,"viewCount":1905,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":323042591,"gmtCreate":1615293510713,"gmtModify":1703486873186,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/323042591","repostId":"1111423037","repostType":4,"repost":{"id":"1111423037","kind":"news","pubTimestamp":1615293095,"share":"https://www.laohu8.com/m/news/1111423037?lang=zh_CN&edition=full","pubTime":"2021-03-09 20:31","market":"us","language":"en","title":"This clear signal says the big tech unwind isn’t done yet, according to strategist<blockquote>策略师表示，这一明确信号表明大型科技股的放松尚未完成</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111423037","media":"MarketWatch","summary":"Critical information for the U.S. trading day\nGet that Dow 32,000 beanie hat ready for Tuesday, as p","content":"<p>Critical information for the U.S. trading day</p><p><blockquote>美国交易日关键信息</blockquote></p><p> Get that Dow&nbsp;32,000 beanie hat ready for Tuesday, as pressure in the bond market continues to ease and celebrating over a $1.9 trillion stimulus package carries on a bit. Futures are also pointing to a sharp rebound for technology stocks after the Nasdaq Composite&nbsp;fell into correction territory on Monday.</p><p><blockquote>随着债券市场的压力继续缓解，庆祝超过1.9万亿美元的刺激计划仍在继续，为周二的道琼斯指数32,000点做好准备。期货还表明，在纳斯达克综合指数周一跌入回调区域后，科技股将大幅反弹。</blockquote></p><p> One valid question to ask right now is, how much more of a pullback for techs will we see? “Our work on positioning suggests that the big tech unwind may be at least halfway done, but isn’t finished,” said Lori Calvasina, RBC Capital’s head of U.S. equity strategy, in our&nbsp;<b>call of the day</b>.</p><p><blockquote>现在要问的一个有效问题是，我们会看到科技股进一步回调多少？加拿大皇家银行资本(RBC Capital)美国股票策略主管洛里·卡尔瓦西纳(Lori Calvasina)在我们的报告中表示：“我们的定位工作表明，大型科技股的平仓可能至少已经完成了一半，但还没有结束。”<b>今日看涨期权</b>.</blockquote></p><p> Calvasina based this on a tracking of weekly Nasdaq futures contracts, provided by the U.S. Commodity Futures Trading Commission. The data are used by some on Wall Street as a measure of sentiment of how hedge funds and institutional investors are positioning in the U.S. equity markets.</p><p><blockquote>Calvasina基于美国商品期货交易委员会提供的每周纳斯达克期货合约跟踪。华尔街的一些人使用这些数据来衡量对冲基金和机构投资者在美国股市的定位。</blockquote></p><p> “This indicator…returned to 2013-2014 peaks on a dollar value basis [left image] earlier this year, and to levels that have marked the peak several times since then in terms of the number of contracts owned [right image],” she said. “While U.S. equity futures positioning generally has been highlighting risk of a pullback in stocks in recent months, that signal has been the most clear in Nasdaq positioning.”</p><p><blockquote>“今年早些时候，该指标……以美元价值计算回到了2013-2014年的峰值[左图]，并在拥有的合约数量方面多次达到峰值的水平[右图]，”她说。“虽然近几个月来美国股指期货仓位普遍凸显了股市回调的风险，但这一信号在纳斯达克仓位中最为明显。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6281c4e4ef83849068bf0c3a1e1adfbe\" tg-width=\"1260\" tg-height=\"636\"></p><p><blockquote></blockquote></p><p> As of the last update (last Tuesday’s close), the decline in Nasdaq futures positioning was roughly halfway back to the lows of 2018 in terms of dollar value and contracts, she said.</p><p><blockquote>她表示，截至上次更新（上周二收盘），就美元价值和合约而言，纳斯达克期货头寸的跌幅约为2018年低点的一半。</blockquote></p><p> Calvasina also suggested investors keep an eye on valuations for the tech + internet + media + telecom (TIMT) space, based on where those levels were in the bubble of 2000.</p><p><blockquote>Calvasina还建议投资者根据2000年泡沫中的水平，密切关注科技+互联网+媒体+电信(TIMT)领域的估值。</blockquote></p><p> “Our work here also suggests that big tech underperformance hasn’t run its course,” she said, even with sharp falls seen early this year, the weighted median forward price/earnings measure of TIMT sits at 26.2 times, well above a long-term average of 18.3 times. It is also elevated on a forward price/earnings relative to the S&amp;P 500.</p><p><blockquote>她表示：“我们在这里的工作还表明，大型科技公司的表现不佳还没有结束。”尽管今年早些时候出现了大幅下跌，但TIMT的加权预期市盈率中位数仍为26.2倍，远高于长期平均水平18.3倍。相对于标普500，它的远期市盈率也有所提高。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7306c8462ecd9679fb16c08ac3a469c7\" tg-width=\"1260\" tg-height=\"646\"><span>UNCREDITED</span></p><p><blockquote><p class=\"t-img-caption\"><span>未记入</span></p></blockquote></p><p> As for what investors should do now, Calvasina has been telling clients that small-caps look cheap versus large-caps, and financials, energy and material don’t look expensive yet.</p><p><blockquote>至于投资者现在应该做什么，卡尔瓦西纳一直告诉客户，与大盘股相比，小盘股看起来很便宜，而金融、能源和材料股看起来还不贵。</blockquote></p><p> She is also eyeing the midcap space for a few reasons. Firstly, the Russell Midcap&nbsp;and S&amp;P 400 MidCap&nbsp;benchmark indexes are more exposed to cyclical sectors than TIMT, futures positioning on those smaller stocks isn’t looking stretched (see chart below) and valuations look attractive versus large-caps, and reasonable versus smaller companies, she argues.</p><p><blockquote>出于几个原因，她也关注中型股领域。首先，罗素中型股和标准普尔400中型股基准指数比TIMT更容易受到周期性行业的影响，这些小型股票的期货头寸看起来并不紧张（见下图），估值与大盘股相比看起来很有吸引力，与小型股相比也很合理。她认为，公司。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/750d414832524e7c7c6e718db9a1d110\" tg-width=\"1260\" tg-height=\"653\"><span>UNCREDITED</span></p><p><blockquote><p class=\"t-img-caption\"><span>未记入</span></p></blockquote></p><p> “We’ve been advising managers to move down market cap, given the tendency of low market cap to outperform within the Russell 1000&nbsp;coming out of recessions and over time,” said Calvasina.</p><p><blockquote>卡尔瓦西纳表示：“我们一直建议管理者降低市值，因为随着时间的推移，低市值往往会跑赢罗素1000指数。”</blockquote></p><p> <b>The markets</b></p><p><blockquote><b>市场</b></blockquote></p><p> Stock futures&nbsp;are pointing to gains across the board, led by beaten-down techs,up 2%. European markets&nbsp;are rising. That is as pressure on bonds ease up, with the yield on the 10-year U.S. Treasury note&nbsp;down 7 basis points to 1.52%.</p><p><blockquote>股指期货全线上涨，其中科技股上涨2%。欧洲市场正在上涨。与此同时，债券压力有所缓解，10年期美国国债收益率下跌7个基点至1.52%。</blockquote></p><p> <b>The chart</b></p><p><blockquote><b>图表</b></blockquote></p><p> It was a bumpy ride on Tuesday for China’s CSI 3000,which lost 2.1%, evenamid a reportthat Chinese state funds were buying stocks.</p><p><blockquote>周二，中国沪深3000指数经历了坎坷，尽管有报道称中国国家基金正在购买股票，但该指数仍下跌2.1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f2dd0668688161c84ab8c9e5a6d520a8\" tg-width=\"906\" tg-height=\"482\"></p><p><blockquote></blockquote></p><p> <b>The quote</b></p><p><blockquote><b>引用</b></blockquote></p><p> “I’m happy that the market is broadening out.” That was Cathie Wood, founder of the popular ARK Investment Management and exchange-traded funds like ARK Innovation,speaking in aBloomberg interviewlate on Monday. She says she’s finding opportunities in the recent tech selloff.</p><p><blockquote>“我很高兴市场正在扩大。”这是广受欢迎的ARK Investment Management和ARK Innovation等交易所交易基金的创始人凯西·伍德(Cathie Wood)周一在彭博社采访中发表的讲话。她表示，她正在最近的科技股抛售中寻找机会。</blockquote></p><p> <b>The buzz</b></p><p><blockquote><b>嗡嗡声</b></blockquote></p><p> One stock that several ARK ETFs are exposed to is electric-car maker Tesla.The tech selloff has erasedmore than a quarter of a trillion dollarsoff the electric-car maker’s market cap in just over a month. But shares are up about 5% in premarket.</p><p><blockquote>多只ARK ETF投资的一只股票是电动汽车制造商特斯拉。在短短一个多月的时间里，科技股的抛售使这家电动汽车制造商的市值蒸发了超过25万亿美元。但盘前股价上涨约5%。</blockquote></p><p> Small businesses are less anxious, but wrestling with an uneven recovery, the latest&nbsp;data compiled by the National Federation of Independent Business showed.</p><p><blockquote>全国独立企业联合会汇编的最新数据显示，小企业不那么焦虑，但正在努力应对不均衡的复苏。</blockquote></p><p> The COVID-19 vaccine from drug company Pfizer&nbsp;and its partner BioNTech&nbsp;neutralized a fast-spreading Brazilian variant of coronavirus,according to a new study.And Russia’s Sputnik V vaccine will soon beproduced in Europe.</p><p><blockquote>根据一项新的研究，制药公司辉瑞及其合作伙伴BioNTech的新冠肺炎疫苗中和了一种快速传播的巴西冠状病毒变种。俄国的“卫星-V”疫苗也将很快在欧洲生产。</blockquote></p><p></p><p> Shares of videogames retailer GameStop,the poster child of the retail frenzy from earlier this year, aresurging in premarketafter the company said it has createda new strategy committee&nbsp;to identify ways to accelerate its transformation. The Senate Banking Committee will hold a&nbsp;hearing on the GameStop saga on Tuesday.</p><p><blockquote>视频游戏零售商游戏驿站是今年早些时候零售狂潮的典型代表，该公司表示已成立新的战略委员会来确定加速转型的方法，该公司的股价在盘前上涨。参议院银行委员会将于周二就游戏驿站事件举行听证会。</blockquote></p><p> Stitch Fix&nbsp;shares are tumbling, after the retailer’s sales numbersfell short of Wall Street hopes.</p><p><blockquote>在零售商Stitch Fix的销售数据低于华尔街的希望后，该公司股价暴跌。</blockquote></p><p> Zoom&nbsp;founder Eric Yuan transferred $6 billion worth of his shares to unspecified beneficiaries last week,says a regulatory filing.</p><p><blockquote>一份监管文件称，Zoom创始人Eric Yuan上周将价值60亿美元的股票转让给了未指明的受益人。</blockquote></p><p></p>","source":"market_watch","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>This clear signal says the big tech unwind isn’t done yet, according to strategist<blockquote>策略师表示，这一明确信号表明大型科技股的放松尚未完成</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\">\nThis clear signal says the big tech unwind isn’t done yet, according to strategist<blockquote>策略师表示，这一明确信号表明大型科技股的放松尚未完成</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-03-09 20:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Critical information for the U.S. trading day</p><p><blockquote>美国交易日关键信息</blockquote></p><p> Get that Dow&nbsp;32,000 beanie hat ready for Tuesday, as pressure in the bond market continues to ease and celebrating over a $1.9 trillion stimulus package carries on a bit. Futures are also pointing to a sharp rebound for technology stocks after the Nasdaq Composite&nbsp;fell into correction territory on Monday.</p><p><blockquote>随着债券市场的压力继续缓解，庆祝超过1.9万亿美元的刺激计划仍在继续，为周二的道琼斯指数32,000点做好准备。期货还表明，在纳斯达克综合指数周一跌入回调区域后，科技股将大幅反弹。</blockquote></p><p> One valid question to ask right now is, how much more of a pullback for techs will we see? “Our work on positioning suggests that the big tech unwind may be at least halfway done, but isn’t finished,” said Lori Calvasina, RBC Capital’s head of U.S. equity strategy, in our&nbsp;<b>call of the day</b>.</p><p><blockquote>现在要问的一个有效问题是，我们会看到科技股进一步回调多少？加拿大皇家银行资本(RBC Capital)美国股票策略主管洛里·卡尔瓦西纳(Lori Calvasina)在我们的报告中表示：“我们的定位工作表明，大型科技股的平仓可能至少已经完成了一半，但还没有结束。”<b>今日看涨期权</b>.</blockquote></p><p> Calvasina based this on a tracking of weekly Nasdaq futures contracts, provided by the U.S. Commodity Futures Trading Commission. The data are used by some on Wall Street as a measure of sentiment of how hedge funds and institutional investors are positioning in the U.S. equity markets.</p><p><blockquote>Calvasina基于美国商品期货交易委员会提供的每周纳斯达克期货合约跟踪。华尔街的一些人使用这些数据来衡量对冲基金和机构投资者在美国股市的定位。</blockquote></p><p> “This indicator…returned to 2013-2014 peaks on a dollar value basis [left image] earlier this year, and to levels that have marked the peak several times since then in terms of the number of contracts owned [right image],” she said. “While U.S. equity futures positioning generally has been highlighting risk of a pullback in stocks in recent months, that signal has been the most clear in Nasdaq positioning.”</p><p><blockquote>“今年早些时候，该指标……以美元价值计算回到了2013-2014年的峰值[左图]，并在拥有的合约数量方面多次达到峰值的水平[右图]，”她说。“虽然近几个月来美国股指期货仓位普遍凸显了股市回调的风险，但这一信号在纳斯达克仓位中最为明显。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6281c4e4ef83849068bf0c3a1e1adfbe\" tg-width=\"1260\" tg-height=\"636\"></p><p><blockquote></blockquote></p><p> As of the last update (last Tuesday’s close), the decline in Nasdaq futures positioning was roughly halfway back to the lows of 2018 in terms of dollar value and contracts, she said.</p><p><blockquote>她表示，截至上次更新（上周二收盘），就美元价值和合约而言，纳斯达克期货头寸的跌幅约为2018年低点的一半。</blockquote></p><p> Calvasina also suggested investors keep an eye on valuations for the tech + internet + media + telecom (TIMT) space, based on where those levels were in the bubble of 2000.</p><p><blockquote>Calvasina还建议投资者根据2000年泡沫中的水平，密切关注科技+互联网+媒体+电信(TIMT)领域的估值。</blockquote></p><p> “Our work here also suggests that big tech underperformance hasn’t run its course,” she said, even with sharp falls seen early this year, the weighted median forward price/earnings measure of TIMT sits at 26.2 times, well above a long-term average of 18.3 times. It is also elevated on a forward price/earnings relative to the S&amp;P 500.</p><p><blockquote>她表示：“我们在这里的工作还表明，大型科技公司的表现不佳还没有结束。”尽管今年早些时候出现了大幅下跌，但TIMT的加权预期市盈率中位数仍为26.2倍，远高于长期平均水平18.3倍。相对于标普500，它的远期市盈率也有所提高。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7306c8462ecd9679fb16c08ac3a469c7\" tg-width=\"1260\" tg-height=\"646\"><span>UNCREDITED</span></p><p><blockquote><p class=\"t-img-caption\"><span>未记入</span></p></blockquote></p><p> As for what investors should do now, Calvasina has been telling clients that small-caps look cheap versus large-caps, and financials, energy and material don’t look expensive yet.</p><p><blockquote>至于投资者现在应该做什么，卡尔瓦西纳一直告诉客户，与大盘股相比，小盘股看起来很便宜，而金融、能源和材料股看起来还不贵。</blockquote></p><p> She is also eyeing the midcap space for a few reasons. Firstly, the Russell Midcap&nbsp;and S&amp;P 400 MidCap&nbsp;benchmark indexes are more exposed to cyclical sectors than TIMT, futures positioning on those smaller stocks isn’t looking stretched (see chart below) and valuations look attractive versus large-caps, and reasonable versus smaller companies, she argues.</p><p><blockquote>出于几个原因，她也关注中型股领域。首先，罗素中型股和标准普尔400中型股基准指数比TIMT更容易受到周期性行业的影响，这些小型股票的期货头寸看起来并不紧张（见下图），估值与大盘股相比看起来很有吸引力，与小型股相比也很合理。她认为，公司。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/750d414832524e7c7c6e718db9a1d110\" tg-width=\"1260\" tg-height=\"653\"><span>UNCREDITED</span></p><p><blockquote><p class=\"t-img-caption\"><span>未记入</span></p></blockquote></p><p> “We’ve been advising managers to move down market cap, given the tendency of low market cap to outperform within the Russell 1000&nbsp;coming out of recessions and over time,” said Calvasina.</p><p><blockquote>卡尔瓦西纳表示：“我们一直建议管理者降低市值，因为随着时间的推移，低市值往往会跑赢罗素1000指数。”</blockquote></p><p> <b>The markets</b></p><p><blockquote><b>市场</b></blockquote></p><p> Stock futures&nbsp;are pointing to gains across the board, led by beaten-down techs,up 2%. European markets&nbsp;are rising. That is as pressure on bonds ease up, with the yield on the 10-year U.S. Treasury note&nbsp;down 7 basis points to 1.52%.</p><p><blockquote>股指期货全线上涨，其中科技股上涨2%。欧洲市场正在上涨。与此同时，债券压力有所缓解，10年期美国国债收益率下跌7个基点至1.52%。</blockquote></p><p> <b>The chart</b></p><p><blockquote><b>图表</b></blockquote></p><p> It was a bumpy ride on Tuesday for China’s CSI 3000,which lost 2.1%, evenamid a reportthat Chinese state funds were buying stocks.</p><p><blockquote>周二，中国沪深3000指数经历了坎坷，尽管有报道称中国国家基金正在购买股票，但该指数仍下跌2.1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f2dd0668688161c84ab8c9e5a6d520a8\" tg-width=\"906\" tg-height=\"482\"></p><p><blockquote></blockquote></p><p> <b>The quote</b></p><p><blockquote><b>引用</b></blockquote></p><p> “I’m happy that the market is broadening out.” That was Cathie Wood, founder of the popular ARK Investment Management and exchange-traded funds like ARK Innovation,speaking in aBloomberg interviewlate on Monday. She says she’s finding opportunities in the recent tech selloff.</p><p><blockquote>“我很高兴市场正在扩大。”这是广受欢迎的ARK Investment Management和ARK Innovation等交易所交易基金的创始人凯西·伍德(Cathie Wood)周一在彭博社采访中发表的讲话。她表示，她正在最近的科技股抛售中寻找机会。</blockquote></p><p> <b>The buzz</b></p><p><blockquote><b>嗡嗡声</b></blockquote></p><p> One stock that several ARK ETFs are exposed to is electric-car maker Tesla.The tech selloff has erasedmore than a quarter of a trillion dollarsoff the electric-car maker’s market cap in just over a month. But shares are up about 5% in premarket.</p><p><blockquote>多只ARK ETF投资的一只股票是电动汽车制造商特斯拉。在短短一个多月的时间里，科技股的抛售使这家电动汽车制造商的市值蒸发了超过25万亿美元。但盘前股价上涨约5%。</blockquote></p><p> Small businesses are less anxious, but wrestling with an uneven recovery, the latest&nbsp;data compiled by the National Federation of Independent Business showed.</p><p><blockquote>全国独立企业联合会汇编的最新数据显示，小企业不那么焦虑，但正在努力应对不均衡的复苏。</blockquote></p><p> The COVID-19 vaccine from drug company Pfizer&nbsp;and its partner BioNTech&nbsp;neutralized a fast-spreading Brazilian variant of coronavirus,according to a new study.And Russia’s Sputnik V vaccine will soon beproduced in Europe.</p><p><blockquote>根据一项新的研究，制药公司辉瑞及其合作伙伴BioNTech的新冠肺炎疫苗中和了一种快速传播的巴西冠状病毒变种。俄国的“卫星-V”疫苗也将很快在欧洲生产。</blockquote></p><p></p><p> Shares of videogames retailer GameStop,the poster child of the retail frenzy from earlier this year, aresurging in premarketafter the company said it has createda new strategy committee&nbsp;to identify ways to accelerate its transformation. The Senate Banking Committee will hold a&nbsp;hearing on the GameStop saga on Tuesday.</p><p><blockquote>视频游戏零售商游戏驿站是今年早些时候零售狂潮的典型代表，该公司表示已成立新的战略委员会来确定加速转型的方法，该公司的股价在盘前上涨。参议院银行委员会将于周二就游戏驿站事件举行听证会。</blockquote></p><p> Stitch Fix&nbsp;shares are tumbling, after the retailer’s sales numbersfell short of Wall Street hopes.</p><p><blockquote>在零售商Stitch Fix的销售数据低于华尔街的希望后，该公司股价暴跌。</blockquote></p><p> Zoom&nbsp;founder Eric Yuan transferred $6 billion worth of his shares to unspecified beneficiaries last week,says a regulatory filing.</p><p><blockquote>一份监管文件称，Zoom创始人Eric Yuan上周将价值60亿美元的股票转让给了未指明的受益人。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/this-clear-signal-says-the-big-tech-unwind-isnt-done-yet-according-to-strategist-11615292077?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":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/this-clear-signal-says-the-big-tech-unwind-isnt-done-yet-according-to-strategist-11615292077?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1111423037","content_text":"Critical information for the U.S. trading day\nGet that Dow 32,000 beanie hat ready for Tuesday, as pressure in the bond market continues to ease and celebrating over a $1.9 trillion stimulus package carries on a bit. Futures are also pointing to a sharp rebound for technology stocks after the Nasdaq Composite fell into correction territory on Monday.\nOne valid question to ask right now is, how much more of a pullback for techs will we see? “Our work on positioning suggests that the big tech unwind may be at least halfway done, but isn’t finished,” said Lori Calvasina, RBC Capital’s head of U.S. equity strategy, in our call of the day.\nCalvasina based this on a tracking of weekly Nasdaq futures contracts, provided by the U.S. Commodity Futures Trading Commission. The data are used by some on Wall Street as a measure of sentiment of how hedge funds and institutional investors are positioning in the U.S. equity markets.\n“This indicator…returned to 2013-2014 peaks on a dollar value basis [left image] earlier this year, and to levels that have marked the peak several times since then in terms of the number of contracts owned [right image],” she said. “While U.S. equity futures positioning generally has been highlighting risk of a pullback in stocks in recent months, that signal has been the most clear in Nasdaq positioning.”\n\nAs of the last update (last Tuesday’s close), the decline in Nasdaq futures positioning was roughly halfway back to the lows of 2018 in terms of dollar value and contracts, she said.\nCalvasina also suggested investors keep an eye on valuations for the tech + internet + media + telecom (TIMT) space, based on where those levels were in the bubble of 2000.\n“Our work here also suggests that big tech underperformance hasn’t run its course,” she said, even with sharp falls seen early this year, the weighted median forward price/earnings measure of TIMT sits at 26.2 times, well above a long-term average of 18.3 times. It is also elevated on a forward price/earnings relative to the S&P 500.\nUNCREDITED\nAs for what investors should do now, Calvasina has been telling clients that small-caps look cheap versus large-caps, and financials, energy and material don’t look expensive yet.\nShe is also eyeing the midcap space for a few reasons. Firstly, the Russell Midcap and S&P 400 MidCap benchmark indexes are more exposed to cyclical sectors than TIMT, futures positioning on those smaller stocks isn’t looking stretched (see chart below) and valuations look attractive versus large-caps, and reasonable versus smaller companies, she argues.\nUNCREDITED\n“We’ve been advising managers to move down market cap, given the tendency of low market cap to outperform within the Russell 1000 coming out of recessions and over time,” said Calvasina.\nThe markets\nStock futures are pointing to gains across the board, led by beaten-down techs,up 2%. European markets are rising. That is as pressure on bonds ease up, with the yield on the 10-year U.S. Treasury note down 7 basis points to 1.52%.\nThe chart\nIt was a bumpy ride on Tuesday for China’s CSI 3000,which lost 2.1%, evenamid a reportthat Chinese state funds were buying stocks.\n\nThe quote\n“I’m happy that the market is broadening out.” That was Cathie Wood, founder of the popular ARK Investment Management and exchange-traded funds like ARK Innovation,speaking in aBloomberg interviewlate on Monday. She says she’s finding opportunities in the recent tech selloff.\nThe buzz\nOne stock that several ARK ETFs are exposed to is electric-car maker Tesla.The tech selloff has erasedmore than a quarter of a trillion dollarsoff the electric-car maker’s market cap in just over a month. But shares are up about 5% in premarket.\nSmall businesses are less anxious, but wrestling with an uneven recovery, the latest data compiled by the National Federation of Independent Business showed.\nThe COVID-19 vaccine from drug company Pfizer and its partner BioNTech neutralized a fast-spreading Brazilian variant of coronavirus,according to a new study.And Russia’s Sputnik V vaccine will soon beproduced in Europe.\nShares of videogames retailer GameStop,the poster child of the retail frenzy from earlier this year, aresurging in premarketafter the company said it has createda new strategy committee to identify ways to accelerate its transformation. The Senate Banking Committee will hold a hearing on the GameStop saga on Tuesday.\nStitch Fix shares are tumbling, after the retailer’s sales numbersfell short of Wall Street hopes.\nZoom founder Eric Yuan transferred $6 billion worth of his shares to unspecified beneficiaries last week,says a regulatory filing.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":487,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":851288507,"gmtCreate":1634910685666,"gmtModify":1634910685838,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>[财迷]&nbsp;","listText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>[财迷]&nbsp;","text":"$Phunware, Inc.(PHUN)$[财迷]","images":[{"img":"https://static.tigerbbs.com/d8f997506c6055a7737afd5abb13279e","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/851288507","isVote":1,"tweetType":1,"viewCount":2271,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":322477770,"gmtCreate":1615823900690,"gmtModify":1703493694573,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>[鬼脸]&nbsp;","listText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>[鬼脸]&nbsp;","text":"$Sundial Growers Inc.(SNDL)$[鬼脸]","images":[{"img":"https://static.tigerbbs.com/38a66a64c8233d5a42a04a08696a7b68","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322477770","isVote":1,"tweetType":1,"viewCount":2184,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":324678213,"gmtCreate":1615991886932,"gmtModify":1703496104782,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>[黑眼圈]&nbsp;","listText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>[黑眼圈]&nbsp;","text":"$Taiwan Semiconductor Manufacturing(TSM)$[黑眼圈]","images":[{"img":"https://static.tigerbbs.com/040691d6e899fac6bcbe2279d2e28939","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/324678213","isVote":1,"tweetType":1,"viewCount":2512,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3450398809409245","authorId":"3450398809409245","name":"A胜天半子","avatar":"https://static.tigerbbs.com/7650a9e667bfb4b915410e236ed3b4d2","crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3450398809409245","idStr":"3450398809409245"},"content":"入了15手期权","text":"入了15手期权","html":"入了15手期权"}],"imageCount":1,"langContent":"CN","totalScore":0},{"id":326023583,"gmtCreate":1615565586642,"gmtModify":1703491106908,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"[贱笑]&nbsp;","listText":"[贱笑]&nbsp;","text":"[贱笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/326023583","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":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".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":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":802,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":323045072,"gmtCreate":1615293525396,"gmtModify":1703486873704,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/323045072","repostId":"1123577039","repostType":4,"repost":{"id":"1123577039","kind":"news","pubTimestamp":1615290997,"share":"https://www.laohu8.com/m/news/1123577039?lang=zh_CN&edition=full","pubTime":"2021-03-09 19:56","market":"us","language":"en","title":"SPAC Pioneers Reap the Rewards After Waiting Nearly 30 Years<blockquote>SPAC先驱等待近30年后收获回报</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1123577039","media":"The Wall Street Journal","summary":"Blank-check companies have raised more than $70 billion this year; their co-creator once feared the ","content":"<p>Blank-check companies have raised more than $70 billion this year; their co-creator once feared the SPAC wouldn’t make it</p><p><blockquote>空白支票公司今年已筹集超过700亿美元；他们的联合创始人曾经担心SPAC无法成功</blockquote></p><p> The flashiest trend in finance traces back three decades to a pair of old law-school buddies. Now, they are finally cashing in.</p><p><blockquote>金融界最耀眼的趋势可以追溯到三十年前的一对法学院老朋友。现在，他们终于兑现了。</blockquote></p><p> Investment banker David Nussbaum and lawyer David Miller—known to each other as “Nuss” and “Miller”—invented the special-purpose acquisition company in 1993 to give private firms another way to access everyday investors. SPACs were rarely used and obscure for much of their careers,but are now all the rage—attracting the biggest names in&nbsp;finance,technology&nbsp;and&nbsp;entertainment. Messrs. Nussbaum and Miller have never been busier.</p><p><blockquote>投资银行家大卫·娜斯鲍姆(David Nussbaum)和律师大卫·米勒(David Miller)——彼此称为“Nuss”和“Miller”——于1993年发明了这家特殊目的收购公司，为私营公司提供了另一种接触日常投资者的方式。SPAC在其职业生涯的大部分时间里很少被使用且默默无闻，但现在风靡一时——吸引了金融、科技和娱乐领域的大腕。娜斯鲍姆先生和米勒先生从未如此忙碌过。</blockquote></p><p> “It’s taken me 27 years to become an overnight sensation,” said Mr. Nussbaum, a 66-year-old from Roslyn, N.Y., on Long Island, who co-founded the SPAC-focused investment bank EarlyBirdCapital Inc.</p><p><blockquote>“我花了27年时间才一夜成名，”66岁的努斯鲍姆说，他来自纽约长岛的罗斯林，是专注于SPAC的投资银行EarlyBirdCapital Inc.的联合创始人。</blockquote></p><p> Also called blank-check companies, SPACs are shell firms that list on a stock exchange with the sole purpose of combining with a private company to take it public. They have become a popular way for startups&nbsp;to access individual investors&nbsp;and a cash cow for the&nbsp;wealthy individuals who create them. SPAC founders now include everyone from hedge-fund manager William Ackman to former baseball player Alex Rodriguez.</p><p><blockquote>SPAC也称为空白支票公司，是在证券交易所上市的空壳公司，其唯一目的是与私营公司合并使其上市。它们已经成为初创公司接触个人投资者的一种流行方式，也是创建它们的富人的摇钱树。SPAC的创始人现在包括从对冲基金经理威廉·阿克曼到前棒球运动员A·罗德里格兹的所有人。</blockquote></p><p> SPACs have raised more than $70 billion this year and now account for roughly 70% of all initial public offerings, up from 20% two years ago and a negligible total for much of the past 20 years, according to Dealogic.</p><p><blockquote>根据Dealogic的数据，SPAC今年筹集了超过700亿美元，目前约占所有首次公开募股的70%，高于两年前的20%，在过去20年的大部分时间里，这一数字微不足道。</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>SPAC Pioneers Reap the Rewards After Waiting Nearly 30 Years<blockquote>SPAC先驱等待近30年后收获回报</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\">\nSPAC Pioneers Reap the Rewards After Waiting Nearly 30 Years<blockquote>SPAC先驱等待近30年后收获回报</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\">2021-03-09 19:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Blank-check companies have raised more than $70 billion this year; their co-creator once feared the SPAC wouldn’t make it</p><p><blockquote>空白支票公司今年已筹集超过700亿美元；他们的联合创始人曾经担心SPAC无法成功</blockquote></p><p> The flashiest trend in finance traces back three decades to a pair of old law-school buddies. Now, they are finally cashing in.</p><p><blockquote>金融界最耀眼的趋势可以追溯到三十年前的一对法学院老朋友。现在，他们终于兑现了。</blockquote></p><p> Investment banker David Nussbaum and lawyer David Miller—known to each other as “Nuss” and “Miller”—invented the special-purpose acquisition company in 1993 to give private firms another way to access everyday investors. SPACs were rarely used and obscure for much of their careers,but are now all the rage—attracting the biggest names in&nbsp;finance,technology&nbsp;and&nbsp;entertainment. Messrs. Nussbaum and Miller have never been busier.</p><p><blockquote>投资银行家大卫·娜斯鲍姆(David Nussbaum)和律师大卫·米勒(David Miller)——彼此称为“Nuss”和“Miller”——于1993年发明了这家特殊目的收购公司，为私营公司提供了另一种接触日常投资者的方式。SPAC在其职业生涯的大部分时间里很少被使用且默默无闻，但现在风靡一时——吸引了金融、科技和娱乐领域的大腕。娜斯鲍姆先生和米勒先生从未如此忙碌过。</blockquote></p><p> “It’s taken me 27 years to become an overnight sensation,” said Mr. Nussbaum, a 66-year-old from Roslyn, N.Y., on Long Island, who co-founded the SPAC-focused investment bank EarlyBirdCapital Inc.</p><p><blockquote>“我花了27年时间才一夜成名，”66岁的努斯鲍姆说，他来自纽约长岛的罗斯林，是专注于SPAC的投资银行EarlyBirdCapital Inc.的联合创始人。</blockquote></p><p> Also called blank-check companies, SPACs are shell firms that list on a stock exchange with the sole purpose of combining with a private company to take it public. They have become a popular way for startups&nbsp;to access individual investors&nbsp;and a cash cow for the&nbsp;wealthy individuals who create them. SPAC founders now include everyone from hedge-fund manager William Ackman to former baseball player Alex Rodriguez.</p><p><blockquote>SPAC也称为空白支票公司，是在证券交易所上市的空壳公司，其唯一目的是与私营公司合并使其上市。它们已经成为初创公司接触个人投资者的一种流行方式，也是创建它们的富人的摇钱树。SPAC的创始人现在包括从对冲基金经理威廉·阿克曼到前棒球运动员A·罗德里格兹的所有人。</blockquote></p><p> SPACs have raised more than $70 billion this year and now account for roughly 70% of all initial public offerings, up from 20% two years ago and a negligible total for much of the past 20 years, according to Dealogic.</p><p><blockquote>根据Dealogic的数据，SPAC今年筹集了超过700亿美元，目前约占所有首次公开募股的70%，高于两年前的20%，在过去20年的大部分时间里，这一数字微不足道。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/they-created-the-spac-in-1993-now-theyre-reaping-the-rewards-11615285801?mod=hp_lead_pos4\">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":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.wsj.com/articles/they-created-the-spac-in-1993-now-theyre-reaping-the-rewards-11615285801?mod=hp_lead_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123577039","content_text":"Blank-check companies have raised more than $70 billion this year; their co-creator once feared the SPAC wouldn’t make it\nThe flashiest trend in finance traces back three decades to a pair of old law-school buddies. Now, they are finally cashing in.\nInvestment banker David Nussbaum and lawyer David Miller—known to each other as “Nuss” and “Miller”—invented the special-purpose acquisition company in 1993 to give private firms another way to access everyday investors. SPACs were rarely used and obscure for much of their careers,but are now all the rage—attracting the biggest names in finance,technology and entertainment. Messrs. Nussbaum and Miller have never been busier.\n“It’s taken me 27 years to become an overnight sensation,” said Mr. Nussbaum, a 66-year-old from Roslyn, N.Y., on Long Island, who co-founded the SPAC-focused investment bank EarlyBirdCapital Inc.\nAlso called blank-check companies, SPACs are shell firms that list on a stock exchange with the sole purpose of combining with a private company to take it public. They have become a popular way for startups to access individual investors and a cash cow for the wealthy individuals who create them. SPAC founders now include everyone from hedge-fund manager William Ackman to former baseball player Alex Rodriguez.\nSPACs have raised more than $70 billion this year and now account for roughly 70% of all initial public offerings, up from 20% two years ago and a negligible total for much of the past 20 years, according to Dealogic.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":650,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":368420566,"gmtCreate":1614349194455,"gmtModify":1703476730719,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368420566","repostId":"1117820997","repostType":4,"isVote":1,"tweetType":1,"viewCount":639,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":385752705,"gmtCreate":1613578027107,"gmtModify":1634553064613,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"<a 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huater","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/382327321","isVote":1,"tweetType":1,"viewCount":134,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361036407,"gmtCreate":1614178286109,"gmtModify":1634550846578,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>[无语]&nbsp;","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>[无语]&nbsp;","text":"$Palantir Technologies Inc.(PLTR)$[无语]","images":[{"img":"https://static.tigerbbs.com/0ee611d700c646455df00f38f65d9a96","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/361036407","isVote":1,"tweetType":1,"viewCount":720,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":361097131,"gmtCreate":1614178039423,"gmtModify":1634550849687,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>[哟哟]&nbsp;","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>[哟哟]&nbsp;","text":"$Palantir Technologies Inc.(PLTR)$[哟哟]","images":[{"img":"https://static.tigerbbs.com/34a7b732cbf9236795d5f00c12ec000c","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/361097131","isVote":1,"tweetType":1,"viewCount":215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":387291906,"gmtCreate":1613747757505,"gmtModify":1634552377140,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/387291906","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 $40,000 to invest.\nThe results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":333,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387627146,"gmtCreate":1613746308185,"gmtModify":1631888521186,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>[愤怒]","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>[愤怒]","text":"$Phunware, Inc.(PHUN)$[愤怒]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/387627146","isVote":1,"tweetType":1,"viewCount":322,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":387689076,"gmtCreate":1613745270495,"gmtModify":1634552398873,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/387689076","repostId":"1194607255","repostType":4,"isVote":1,"tweetType":1,"viewCount":202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":326991747,"gmtCreate":1615570576289,"gmtModify":1703491178720,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>[微笑]&nbsp;","listText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>[微笑]&nbsp;","text":"$Castor Maritime, Inc.(CTRM)$[微笑]","images":[{"img":"https://static.tigerbbs.com/1eb36addc3ca6d00a046663f9a40a34c","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/326991747","isVote":1,"tweetType":1,"viewCount":741,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":328015094,"gmtCreate":1615474533118,"gmtModify":1703489644482,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>[冷漠]&nbsp;","listText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>[冷漠]&nbsp;","text":"$Phunware, Inc.(PHUN)$[冷漠]","images":[{"img":"https://static.tigerbbs.com/9873e5557e74d59d0fd3bf7da0e021b2","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/328015094","isVote":1,"tweetType":1,"viewCount":682,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":329151803,"gmtCreate":1615216341702,"gmtModify":1703485852399,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/329151803","repostId":"2117651365","repostType":2,"isVote":1,"tweetType":1,"viewCount":416,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":320267141,"gmtCreate":1615119967283,"gmtModify":1703484846119,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"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/320267141","repostId":"1169596583","repostType":4,"repost":{"id":"1169596583","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1614958557,"share":"https://www.laohu8.com/m/news/1169596583?lang=zh_CN&edition=full","pubTime":"2021-03-05 23:35","market":"us","language":"en","title":"Palantir plunged more than 13%<blockquote>Palantir暴跌超13%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1169596583","media":"老虎资讯综合","summary":"(March 5)&nbsp;Palantir plunged more than 13%.","content":"<p>(March 5)&nbsp;Palantir plunged more than 13%.</p><p><blockquote>（3月5日）Palantir暴跌超13%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/13f756ec57cca85c31b6be070941d7c1\" tg-width=\"1059\" tg-height=\"499\" referrerpolicy=\"no-referrer\"></p><p><blockquote></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>Palantir plunged more than 13%<blockquote>Palantir暴跌超13%</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\">\nPalantir plunged more than 13%<blockquote>Palantir暴跌超13%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-03-05 23:35</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(March 5)&nbsp;Palantir plunged more than 13%.</p><p><blockquote>（3月5日）Palantir暴跌超13%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/13f756ec57cca85c31b6be070941d7c1\" tg-width=\"1059\" tg-height=\"499\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169596583","content_text":"(March 5) Palantir plunged more than 13%.","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":336,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362180948,"gmtCreate":1614607385684,"gmtModify":1703478776537,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"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/362180948","repostId":"1184516667","repostType":4,"repost":{"id":"1184516667","kind":"news","pubTimestamp":1614602503,"share":"https://www.laohu8.com/m/news/1184516667?lang=zh_CN&edition=full","pubTime":"2021-03-01 20:41","market":"us","language":"en","title":"GameStop and AMC Entertainment shares active again premarket<blockquote>游戏驿站和AMC院线股价盘前再次活跃</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184516667","media":"Marketwatch","summary":"The group of \"meme\" stocks, led by videogame retailer GameStop Corp.that have been volatile in recen","content":"<p>The group of \"meme\" stocks, led by videogame retailer GameStop Corp.that have been volatile in recent weeks as investors on a Reddit subgroup have egged each other on, were active again in premarket trade Monday. GameStop shares were up 5% premarket, while shares of AMC Entertainment Holdings Inc.&nbsp;the world's biggest cinema chain, were up 12%. BlackBerry Ltd&nbsp;was up 3.8%, and Naked Brand Group Ltd.&nbsp;was up 9.5%. Koss Corp.&nbsp;a maker of headphones, was up 2.9%.</p><p><blockquote>以视频游戏零售商游戏驿站公司为首的“模因”股票最近几周因Reddit子组的投资者相互怂恿而波动较大，周一在盘前交易中再次活跃。游戏驿站股价盘前上涨5%，而全球最大的连锁影院AMC院线控股公司股价上涨12%。黑莓上涨3.8%，Naked Brand Group Ltd.上涨9.5%。耳机制造商Koss Corp.上涨2.9%。</blockquote></p><p>  GameStop shares have gained 440% in the year to date, as investors on Reddit's WallStreetBets platform sought to punish short sellers who had driven short interest in the stock to 140% by buying the stock and creating a short squeeze.</p><p><blockquote>今年迄今为止，游戏驿站股价已上涨440%，Reddit WallStreetBets平台上的投资者试图惩罚卖空者，这些卖空者通过购买该股并造成轧空，将该股的空头兴趣提高到140%。</blockquote></p><p></p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop and AMC Entertainment shares active again premarket<blockquote>游戏驿站和AMC院线股价盘前再次活跃</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop and AMC Entertainment shares active again premarket<blockquote>游戏驿站和AMC院线股价盘前再次活跃</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-03-01 20:41</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The group of \"meme\" stocks, led by videogame retailer GameStop Corp.that have been volatile in recent weeks as investors on a Reddit subgroup have egged each other on, were active again in premarket trade Monday. GameStop shares were up 5% premarket, while shares of AMC Entertainment Holdings Inc.&nbsp;the world's biggest cinema chain, were up 12%. BlackBerry Ltd&nbsp;was up 3.8%, and Naked Brand Group Ltd.&nbsp;was up 9.5%. Koss Corp.&nbsp;a maker of headphones, was up 2.9%.</p><p><blockquote>以视频游戏零售商游戏驿站公司为首的“模因”股票最近几周因Reddit子组的投资者相互怂恿而波动较大，周一在盘前交易中再次活跃。游戏驿站股价盘前上涨5%，而全球最大的连锁影院AMC院线控股公司股价上涨12%。黑莓上涨3.8%，Naked Brand Group Ltd.上涨9.5%。耳机制造商Koss Corp.上涨2.9%。</blockquote></p><p>  GameStop shares have gained 440% in the year to date, as investors on Reddit's WallStreetBets platform sought to punish short sellers who had driven short interest in the stock to 140% by buying the stock and creating a short squeeze.</p><p><blockquote>今年迄今为止，游戏驿站股价已上涨440%，Reddit WallStreetBets平台上的投资者试图惩罚卖空者，这些卖空者通过购买该股并造成轧空，将该股的空头兴趣提高到140%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/gamestop-and-amc-entertainment-shares-active-again-premarket-2021-03-01\">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/gamestop-and-amc-entertainment-shares-active-again-premarket-2021-03-01","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1184516667","content_text":"The group of \"meme\" stocks, led by videogame retailer GameStop Corp.that have been volatile in recent weeks as investors on a Reddit subgroup have egged each other on, were active again in premarket trade Monday. GameStop shares were up 5% premarket, while shares of AMC Entertainment Holdings Inc. the world's biggest cinema chain, were up 12%. BlackBerry Ltd was up 3.8%, and Naked Brand Group Ltd. was up 9.5%. Koss Corp. a maker of headphones, was up 2.9%.\n GameStop shares have gained 440% in the year to date, as investors on Reddit's WallStreetBets platform sought to punish short sellers who had driven short interest in the stock to 140% by buying the stock and creating a short squeeze.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":517,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}