Jojojojo的个人主页 - 老虎社区

Jojojojo

Jojojojo

暂无个人介绍

IP属地：未知

9关注

2粉丝

0主题

0勋章

2021-04-27

Ok is highly high free hd charge s

抱歉，原内容已删除

2021-03-29

So how is this going to affect us?

CFDs - The Dirty Little Secret Behind The Collapse Of Archegos<blockquote>CFDs - Archegos 崩溃背后的肮脏小秘密</blockquote>

2021-03-29

$AMC Entertainment(AMC)$:(

2021-04-23

$Tesla Motors(TSLA)$pls go up

2021-04-29

It is

Investing in These Stocks Now Could Make You a Millionaire Retiree<blockquote>现在投资这些股票可以让你成为百万富翁退休人员</blockquote>

2021-03-19

$APA Corporation(APA)$prepare to sell APA to buy other tech stock dips?

2021-04-19

Great ariticle, would you like to share it?

Stocks To Watch: Apple Event, Disney Callout And Earnings Blitz<blockquote>值得关注的股票：苹果事件、迪士尼公布和盈利闪电战</blockquote>

2021-04-08

Ahshdhwgedg

2021-04-06

Great ariticle, would you like to share it?

Opinion: Financial crises get triggered about every 10 years — Archegos might be right on time<blockquote>观点：金融危机大约每 10 年就会引发一次——Archegos 可能是对的</blockquote>

2021-03-31

Up, then sell this cyclic stock

抱歉，原内容已删除

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3571021579663328","uuid":"3571021579663328","gmtCreate":1608453815710,"gmtModify":1616122062939,"name":"Jojojojo","pinyin":"jojojojo","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":2,"headSize":9,"tweetSize":21,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":2,"name":"无畏虎","nameTw":"無畏虎","represent":"初生牛犊","factor":"发布3条非转发主帖,1条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-4","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"明星虎友","description":"加入老虎社区2000天","bigImgUrl":"https://static.tigerbbs.com/dddf24b906c7011de2617d4fb3f76987","smallImgUrl":"https://static.tigerbbs.com/53d58ad32c97254c6f74db8b97e6ec49","grayImgUrl":"https://static.tigerbbs.com/6304700d92ad91c7a33e2e92ec32ecc1","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.06.13","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"35ec162348d5460f88c959321e554969-3","templateUuid":"35ec162348d5460f88c959321e554969","name":"传说交易员","description":"证券或期货账户累计交易次数达到300次","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.10.24","exceedPercentage":"93.00%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0}],"userBadgeCount":4,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":11,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":106083853,"gmtCreate":1620074211172,"gmtModify":1634208117384,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>what is wrong with TSM ??????","listText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>what is wrong with TSM ??????","text":"$Taiwan Semiconductor Manufacturing(TSM)$what is wrong with TSM ??????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/106083853","isVote":1,"tweetType":1,"viewCount":2604,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106039905,"gmtCreate":1620064200607,"gmtModify":1634208127172,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","htmlText":"Wtf is wrong with NVAX","listText":"Wtf is wrong with NVAX","text":"Wtf is wrong with NVAX","images":[{"img":"https://static.tigerbbs.com/93df136eee74ccf5708722f7dc7e04ba","width":"1080","height":"2662"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/106039905","isVote":1,"tweetType":1,"viewCount":3467,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":100461834,"gmtCreate":1619632067128,"gmtModify":1634211183573,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","htmlText":"Interesting read","listText":"Interesting read","text":"Interesting read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/100461834","repostId":"1129899601","repostType":4,"repost":{"id":"1129899601","kind":"news","pubTimestamp":1619607898,"share":"https://www.laohunote.com/m/news/1129899601?lang=zh_CN&edition=full","pubTime":"2021-04-28 19:04","market":"us","language":"en","title":"Investing in These Stocks Now Could Make You a Millionaire Retiree<blockquote>现在投资这些股票可以让你成为百万富翁退休人员</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129899601","media":"Motley Fool","summary":"It's much better to be a millionaire retiree than a thousandaire one. You're probably not going to b","content":"<p>It's much better to be a millionaire retiree than a thousandaire one. You're probably not going to become one, though, unless you take some steps toward it. One good way is to regularly invest meaningful sumsin the stock market, over a long period of time -- such as via a low-cost broad-market index fund.</p><p><blockquote>成为一名百万富翁退休人员比成为一名千万富翁要好得多。不过，除非你采取一些措施，否则你可能不会成为一个。一个好方法是在很长一段时间内定期对股票市场进行有意义的投资，例如通过低成本的大盘指数基金。</blockquote></p><p> If you want to try to get to millionairehood sooner, you might try investing in some carefully chosen individual stocks -- perhaps in addition to investing in index funds. Here are three growth stocks that have a lot of potential.</p><p><blockquote>如果您想尝试更快成为百万富翁，您可以尝试投资一些精心选择的个股——也许除了投资指数基金之外。这里有三只潜力巨大的成长股。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/fb3e1ae423e7496b9bb443443b54b97f\" tg-width=\"700\" tg-height=\"471\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> IMAGE SOURCE: GETTY IMAGES.</p><p><blockquote>图片来源：盖蒂图片社。</blockquote></p><p> <b>1. Zscaler</b></p><p><blockquote><b>1. Zscaler</b></blockquote></p><p> <b>Zscaler</b>(NASDAQ:ZS)offers security technology for companies using various cloud services, and has been named the leader in secure web gateways by research firm Gartner. It has been growing briskly, with its stock increasing in value by more than sixfold over only about three years, since the company debuted on the public market. In its most recent quarter, revenue grew by 55% year over year, while billings jumped 71%. The company, recently sporting a market value near $26 billion, \"reached a new milestone by surpassing 5,000 customers during the quarter, including 500 of the Global 2000.\" Between fiscal 2016 and 2020, revenue grew more than fivefold.</p><p><blockquote><b>缩放器</b>（纳斯达克股票代码：ZS）为使用各种云服务的公司提供安全技术，并被研究公司Gartner评为安全网络网关的领导者。该公司发展迅速，自该公司在公开市场上市以来，短短三年内其股票价值就增长了六倍多。在最近一个季度，收入同比增长 55%，而比林斯则跃升 71%。该公司最近的市值接近 260 亿美元，“本季度客户数量超过 5,000 家，其中包括全球 2000 强中的 500 家，达到了新的里程碑。”2016 财年至 2020 财年期间，收入增长了五倍多。</blockquote></p><p> Zscaler has a \"big, audacious goal\" of reaching 200 million users and 100 million workloads, and in a presentation&nbsp;for investors, outlined a handful of growth drivers, such as upselling to existing customers, an increased presence in Japan and Latin America, and continuing technological innovations.The company has excelledat retaining customers and, indeed, at increasing the average amount they spend.</p><p><blockquote>Zscaler有一个“大而大胆的目标”，即达到2亿用户和1亿工作负载，并在给投资者的演示中概述了一些增长动力，例如向现有客户追加销售、增加在日本和拉丁美洲的业务以及持续的技术创新。该公司在留住客户方面表现出色，事实上，还提高了他们的平均消费金额。</blockquote></p><p> One concern about Zscaler for investors may be that it has been posting net losses, not net income, in recent years. But that's not unusual for younger, smaller companies. They tend to plow as many dollars as possible into furthering their growth.</p><p><blockquote>投资者对 Zscaler 的一个担忧可能是，近年来它一直公布净亏损，而不是净利润。但这对于年轻、规模较小的公司来说并不罕见。他们倾向于投入尽可能多的资金来促进他们的发展。</blockquote></p><p> <b>2. Datadog</b></p><p><blockquote><b>2. 数据狗</b></blockquote></p><p> Software-as-a-service (SaaS)&nbsp;company<b>Datadog</b>(NASDAQ:DDOG)has been public for a shorter period than Zscaler. It debuted on the markets in September of 2019, closing at&nbsp;$37.55 per share on its first day, and it has more than doubled in value since then. Its market value recently sat at $27 billion.</p><p><blockquote>软件即服务（SaaS）公司<b>数据狗</b>（纳斯达克股票代码：DDOG）上市时间比 Zscaler 短。它于 2019 年 9 月上市，首日收盘价为每股 37.55 美元，此后市值翻了一番多。其市值最近为270亿美元。</blockquote></p><p> So what does the company do? In its own words, it's a \"monitoring and security platform for cloud applications,\" which helps companies</p><p><blockquote>那么公司是做什么的呢？用它自己的话来说，它是一个“云应用的监控和安全平台”，可以帮助公司</blockquote></p><p>   enable digital transformation and cloud migration, drive collaboration among development, operations, security and business teams, accelerate time to market for applications, reduce time to problem resolution, secure applications and infrastructure, understand user behavior, and track key business metrics.  Various applications have been added to its platform over time, making it even more powerful and attractive to potential customers, and more will be added. Its customers appear to be findinga lot to like in Datadog's offerings, as the company's retention rate was recently around 130%, suggesting not only that it retained most customers, but also that they increased their spending.</p><p><blockquote>支持数字化转型和云迁移，推动开发、运营、安全和业务团队之间的协作，加快应用程序上市时间，减少解决问题的时间，保护应用程序和基础架构，了解用户行为，并跟踪关键业务指标。随着时间的推移，各种应用程序被添加到其平台中，使其更加强大，对潜在客户更具吸引力，并且还会添加更多应用程序。其客户似乎对 Datadog 的产品非常满意，因为该公司最近的保留率约为 130%，这表明它不仅保留了大多数客户，而且他们还增加了支出。</blockquote></p><p> Datadog is growing rapidly, with revenue tripling&nbsp;between fiscal 2018 and 2020. Like Zscaler, it'sposting losseswhile it invests in growth -- developing additional technologies, hiring more people, acquiring more customers, and ramping up its capabilities. Despite that, it'sgenerating free cash flow, which bodes well for its financial health.</p><p><blockquote>Datadog 发展迅速，2018 财年至 2020 财年期间收入增长了两倍。与 Zscaler 一样，它在投资增长的同时也出现了亏损——开发更多技术、雇佣更多员工、获取更多客户并增强其能力。尽管如此，它还是产生了自由现金流，这对其财务状况来说是个好兆头。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f69bfcb5ba5d9c7e18673db94f759aa5\" tg-width=\"2000\" tg-height=\"1142\"></p><p><blockquote></blockquote></p><p> IMAGE SOURCE: GETTY IMAGES.</p><p><blockquote>图片来源：盖蒂图片社。</blockquote></p><p> <b>3. Palo Alto Networks</b></p><p><blockquote><b>3. 帕洛阿尔托网络</b></blockquote></p><p> <b>Palo Alto Networks</b>(NYSE:PANW)isa global leader in cybersecurity, with a market value recently near $35 billion. Clearly, threats from cyberspace are not going away anytime soon, and companies can't afford to have their systems hacked into and their safeguards breached. Enter Palo Alto, with technology, programs, and even consulting services to help companies secure their data and workings.</p><p><blockquote><b>帕洛阿尔托网络</b>（纽约证券交易所股票代码：PANW）是网络安全领域的全球领导者，近期市值接近 350 亿美元。显然，来自网络空间的威胁不会很快消失，公司不能承受他们的系统被黑客攻击和安全措施被破坏的后果。进入帕洛阿尔托，凭借技术、程序甚至咨询服务，帮助公司保护其数据和工作。</blockquote></p><p> In the company's last reported quarter, revenue and billings jumped 25% and 22% year over year, respectively, topping management's previous guidance. Its growth drivers include its cloud-delivered security subscription offerings, which have gone from four to eight in just two years, and the newer, higher support level that it's offering customers -- \"Platinum Support.\"</p><p><blockquote>在该公司上一个报告季度，收入和账单分别同比增长 25% 和 22%，超过了管理层之前的指导。其增长动力包括其云交付的安全订阅产品，该产品在短短两年内从四个增加到八个，以及它为客户提供的更新、更高级别的支持——“白金支持”。</blockquote></p><p></p><p> Palo Alto's artificial-intelligence-powered threat detection platform Cortex counts&nbsp;66% of the Fortune 100 among its customers, plus 35% of the Global 2000. Interestingly, the company notes that \"Cortex XDR's Behavioral Threat Protection instantly blocked a SolarStorm attack on Palo Alto Networks\" and it sees the SolarStorm attack as a growth driver, as it generated more than 1,000 assessment requests related to it. CEO Nikesh Arora noted ina conference call:</p><p><blockquote>帕洛阿尔托的人工智能驱动的威胁检测平台Cortex拥有66%的财富100强客户，以及35%的全球2000强客户。有趣的是，该公司指出，“Cortex XDR的行为威胁防护立即阻止了对帕洛阿尔托网络的SolarStorm攻击”，并且它将SolarStorm攻击视为增长动力，因为它产生了1000多个与此相关的评估请求。Nikesh Arora 首席执行官在电话会议指出：</blockquote></p><p>   This will result in more awareness and focus on cybersecurity, which in all candor, is the need of the hour given the complete reliance on technology in these times. We expect that this attack will be a wake-up call to all enterprises to modernize cybersecurity and will serve as a net incremental tailwind, not just for us but also for the industry.  These three companies are not selling at bargain-basement prices. But each appears to have a rosy future ahead of it. Consider digging more deeply into any of the companies that interest you, and if you like what you think, you might start a position in one or more by buying a few initial shares, and then add to that position over time. Or play it more conservative and just add the companies to your watch list, hoping for a lower price in the future (and knowing that it may or may not materialize).</p><p><blockquote>这将导致人们对网络安全有更多的认识和关注，坦率地说，鉴于当今时代对技术的完全依赖，这是当务之急。我们预计此次攻击将成为所有企业实现网络安全现代化的唤醒看涨期权，并将成为净增量顺风，不仅对我们，对行业也是如此。这三家公司并没有以低价出售。但每个人似乎都有一个美好的未来。考虑更深入地挖掘您感兴趣的任何公司，如果您喜欢自己的想法，您可以通过购买一些初始股票来建立一家或多家公司的头寸，然后随着时间的推移增加该头寸。或者采取更保守的做法，将这些公司添加到您的观察列表中，希望未来价格会更低（并且知道这可能会也可能不会实现）。</blockquote></p><p> Remember, too, that there are plenty of otherterrific growth stocksout there, and many of them are trading at lower valuations.</p><p><blockquote>还要记住，那里还有很多其他成长型股票，其中许多股票的估值较低。</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>Investing in These Stocks Now Could Make You a Millionaire Retiree<blockquote>现在投资这些股票可以让你成为百万富翁退休人员</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\">\nInvesting in These Stocks Now Could Make You a Millionaire Retiree<blockquote>现在投资这些股票可以让你成为百万富翁退休人员</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-04-28 19:04</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It's much better to be a millionaire retiree than a thousandaire one. You're probably not going to become one, though, unless you take some steps toward it. One good way is to regularly invest meaningful sumsin the stock market, over a long period of time -- such as via a low-cost broad-market index fund.</p><p><blockquote>成为一名百万富翁退休人员比成为一名千万富翁要好得多。不过，除非你采取一些措施，否则你可能不会成为一个。一个好方法是在很长一段时间内定期对股票市场进行有意义的投资，例如通过低成本的大盘指数基金。</blockquote></p><p> If you want to try to get to millionairehood sooner, you might try investing in some carefully chosen individual stocks -- perhaps in addition to investing in index funds. Here are three growth stocks that have a lot of potential.</p><p><blockquote>如果您想尝试更快成为百万富翁，您可以尝试投资一些精心选择的个股——也许除了投资指数基金之外。这里有三只潜力巨大的成长股。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/fb3e1ae423e7496b9bb443443b54b97f\" tg-width=\"700\" tg-height=\"471\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> IMAGE SOURCE: GETTY IMAGES.</p><p><blockquote>图片来源：盖蒂图片社。</blockquote></p><p> <b>1. Zscaler</b></p><p><blockquote><b>1. Zscaler</b></blockquote></p><p> <b>Zscaler</b>(NASDAQ:ZS)offers security technology for companies using various cloud services, and has been named the leader in secure web gateways by research firm Gartner. It has been growing briskly, with its stock increasing in value by more than sixfold over only about three years, since the company debuted on the public market. In its most recent quarter, revenue grew by 55% year over year, while billings jumped 71%. The company, recently sporting a market value near $26 billion, \"reached a new milestone by surpassing 5,000 customers during the quarter, including 500 of the Global 2000.\" Between fiscal 2016 and 2020, revenue grew more than fivefold.</p><p><blockquote><b>缩放器</b>（纳斯达克股票代码：ZS）为使用各种云服务的公司提供安全技术，并被研究公司Gartner评为安全网络网关的领导者。该公司发展迅速，自该公司在公开市场上市以来，短短三年内其股票价值就增长了六倍多。在最近一个季度，收入同比增长 55%，而比林斯则跃升 71%。该公司最近的市值接近 260 亿美元，“本季度客户数量超过 5,000 家，其中包括全球 2000 强中的 500 家，达到了新的里程碑。”2016 财年至 2020 财年期间，收入增长了五倍多。</blockquote></p><p> Zscaler has a \"big, audacious goal\" of reaching 200 million users and 100 million workloads, and in a presentation&nbsp;for investors, outlined a handful of growth drivers, such as upselling to existing customers, an increased presence in Japan and Latin America, and continuing technological innovations.The company has excelledat retaining customers and, indeed, at increasing the average amount they spend.</p><p><blockquote>Zscaler有一个“大而大胆的目标”，即达到2亿用户和1亿工作负载，并在给投资者的演示中概述了一些增长动力，例如向现有客户追加销售、增加在日本和拉丁美洲的业务以及持续的技术创新。该公司在留住客户方面表现出色，事实上，还提高了他们的平均消费金额。</blockquote></p><p> One concern about Zscaler for investors may be that it has been posting net losses, not net income, in recent years. But that's not unusual for younger, smaller companies. They tend to plow as many dollars as possible into furthering their growth.</p><p><blockquote>投资者对 Zscaler 的一个担忧可能是，近年来它一直公布净亏损，而不是净利润。但这对于年轻、规模较小的公司来说并不罕见。他们倾向于投入尽可能多的资金来促进他们的发展。</blockquote></p><p> <b>2. Datadog</b></p><p><blockquote><b>2. 数据狗</b></blockquote></p><p> Software-as-a-service (SaaS)&nbsp;company<b>Datadog</b>(NASDAQ:DDOG)has been public for a shorter period than Zscaler. It debuted on the markets in September of 2019, closing at&nbsp;$37.55 per share on its first day, and it has more than doubled in value since then. Its market value recently sat at $27 billion.</p><p><blockquote>软件即服务（SaaS）公司<b>数据狗</b>（纳斯达克股票代码：DDOG）上市时间比 Zscaler 短。它于 2019 年 9 月上市，首日收盘价为每股 37.55 美元，此后市值翻了一番多。其市值最近为270亿美元。</blockquote></p><p> So what does the company do? In its own words, it's a \"monitoring and security platform for cloud applications,\" which helps companies</p><p><blockquote>那么公司是做什么的呢？用它自己的话来说，它是一个“云应用的监控和安全平台”，可以帮助公司</blockquote></p><p>   enable digital transformation and cloud migration, drive collaboration among development, operations, security and business teams, accelerate time to market for applications, reduce time to problem resolution, secure applications and infrastructure, understand user behavior, and track key business metrics.  Various applications have been added to its platform over time, making it even more powerful and attractive to potential customers, and more will be added. Its customers appear to be findinga lot to like in Datadog's offerings, as the company's retention rate was recently around 130%, suggesting not only that it retained most customers, but also that they increased their spending.</p><p><blockquote>支持数字化转型和云迁移，推动开发、运营、安全和业务团队之间的协作，加快应用程序上市时间，减少解决问题的时间，保护应用程序和基础架构，了解用户行为，并跟踪关键业务指标。随着时间的推移，各种应用程序被添加到其平台中，使其更加强大，对潜在客户更具吸引力，并且还会添加更多应用程序。其客户似乎对 Datadog 的产品非常满意，因为该公司最近的保留率约为 130%，这表明它不仅保留了大多数客户，而且他们还增加了支出。</blockquote></p><p> Datadog is growing rapidly, with revenue tripling&nbsp;between fiscal 2018 and 2020. Like Zscaler, it'sposting losseswhile it invests in growth -- developing additional technologies, hiring more people, acquiring more customers, and ramping up its capabilities. Despite that, it'sgenerating free cash flow, which bodes well for its financial health.</p><p><blockquote>Datadog 发展迅速，2018 财年至 2020 财年期间收入增长了两倍。与 Zscaler 一样，它在投资增长的同时也出现了亏损——开发更多技术、雇佣更多员工、获取更多客户并增强其能力。尽管如此，它还是产生了自由现金流，这对其财务状况来说是个好兆头。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f69bfcb5ba5d9c7e18673db94f759aa5\" tg-width=\"2000\" tg-height=\"1142\"></p><p><blockquote></blockquote></p><p> IMAGE SOURCE: GETTY IMAGES.</p><p><blockquote>图片来源：盖蒂图片社。</blockquote></p><p> <b>3. Palo Alto Networks</b></p><p><blockquote><b>3. 帕洛阿尔托网络</b></blockquote></p><p> <b>Palo Alto Networks</b>(NYSE:PANW)isa global leader in cybersecurity, with a market value recently near $35 billion. Clearly, threats from cyberspace are not going away anytime soon, and companies can't afford to have their systems hacked into and their safeguards breached. Enter Palo Alto, with technology, programs, and even consulting services to help companies secure their data and workings.</p><p><blockquote><b>帕洛阿尔托网络</b>（纽约证券交易所股票代码：PANW）是网络安全领域的全球领导者，近期市值接近 350 亿美元。显然，来自网络空间的威胁不会很快消失，公司不能承受他们的系统被黑客攻击和安全措施被破坏的后果。进入帕洛阿尔托，凭借技术、程序甚至咨询服务，帮助公司保护其数据和工作。</blockquote></p><p> In the company's last reported quarter, revenue and billings jumped 25% and 22% year over year, respectively, topping management's previous guidance. Its growth drivers include its cloud-delivered security subscription offerings, which have gone from four to eight in just two years, and the newer, higher support level that it's offering customers -- \"Platinum Support.\"</p><p><blockquote>在该公司上一个报告季度，收入和账单分别同比增长 25% 和 22%，超过了管理层之前的指导。其增长动力包括其云交付的安全订阅产品，该产品在短短两年内从四个增加到八个，以及它为客户提供的更新、更高级别的支持——“白金支持”。</blockquote></p><p></p><p> Palo Alto's artificial-intelligence-powered threat detection platform Cortex counts&nbsp;66% of the Fortune 100 among its customers, plus 35% of the Global 2000. Interestingly, the company notes that \"Cortex XDR's Behavioral Threat Protection instantly blocked a SolarStorm attack on Palo Alto Networks\" and it sees the SolarStorm attack as a growth driver, as it generated more than 1,000 assessment requests related to it. CEO Nikesh Arora noted ina conference call:</p><p><blockquote>帕洛阿尔托的人工智能驱动的威胁检测平台Cortex拥有66%的财富100强客户，以及35%的全球2000强客户。有趣的是，该公司指出，“Cortex XDR的行为威胁防护立即阻止了对帕洛阿尔托网络的SolarStorm攻击”，并且它将SolarStorm攻击视为增长动力，因为它产生了1000多个与此相关的评估请求。Nikesh Arora 首席执行官在电话会议指出：</blockquote></p><p>   This will result in more awareness and focus on cybersecurity, which in all candor, is the need of the hour given the complete reliance on technology in these times. We expect that this attack will be a wake-up call to all enterprises to modernize cybersecurity and will serve as a net incremental tailwind, not just for us but also for the industry.  These three companies are not selling at bargain-basement prices. But each appears to have a rosy future ahead of it. Consider digging more deeply into any of the companies that interest you, and if you like what you think, you might start a position in one or more by buying a few initial shares, and then add to that position over time. Or play it more conservative and just add the companies to your watch list, hoping for a lower price in the future (and knowing that it may or may not materialize).</p><p><blockquote>这将导致人们对网络安全有更多的认识和关注，坦率地说，鉴于当今时代对技术的完全依赖，这是当务之急。我们预计此次攻击将成为所有企业实现网络安全现代化的唤醒看涨期权，并将成为净增量顺风，不仅对我们，对行业也是如此。这三家公司并没有以低价出售。但每个人似乎都有一个美好的未来。考虑更深入地挖掘您感兴趣的任何公司，如果您喜欢自己的想法，您可以通过购买一些初始股票来建立一家或多家公司的头寸，然后随着时间的推移增加该头寸。或者采取更保守的做法，将这些公司添加到您的观察列表中，希望未来价格会更低（并且知道这可能会也可能不会实现）。</blockquote></p><p> Remember, too, that there are plenty of otherterrific growth stocksout there, and many of them are trading at lower valuations.</p><p><blockquote>还要记住，那里还有很多其他成长型股票，其中许多股票的估值较低。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/04/28/investing-in-these-stocks-now-could-make-you-a-mil/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PANW":"Palo Alto Networks","DDOG":"Datadog","ZS":"Zscaler Inc."},"source_url":"https://www.fool.com/investing/2021/04/28/investing-in-these-stocks-now-could-make-you-a-mil/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129899601","content_text":"It's much better to be a millionaire retiree than a thousandaire one. You're probably not going to become one, though, unless you take some steps toward it. One good way is to regularly invest meaningful sumsin the stock market, over a long period of time -- such as via a low-cost broad-market index fund.\nIf you want to try to get to millionairehood sooner, you might try investing in some carefully chosen individual stocks -- perhaps in addition to investing in index funds. Here are three growth stocks that have a lot of potential.\n\nIMAGE SOURCE: GETTY IMAGES.\n1. Zscaler\nZscaler(NASDAQ:ZS)offers security technology for companies using various cloud services, and has been named the leader in secure web gateways by research firm Gartner. It has been growing briskly, with its stock increasing in value by more than sixfold over only about three years, since the company debuted on the public market. In its most recent quarter, revenue grew by 55% year over year, while billings jumped 71%. The company, recently sporting a market value near $26 billion, \"reached a new milestone by surpassing 5,000 customers during the quarter, including 500 of the Global 2000.\" Between fiscal 2016 and 2020, revenue grew more than fivefold.\nZscaler has a \"big, audacious goal\" of reaching 200 million users and 100 million workloads, and in a presentation for investors, outlined a handful of growth drivers, such as upselling to existing customers, an increased presence in Japan and Latin America, and continuing technological innovations.The company has excelledat retaining customers and, indeed, at increasing the average amount they spend.\nOne concern about Zscaler for investors may be that it has been posting net losses, not net income, in recent years. But that's not unusual for younger, smaller companies. They tend to plow as many dollars as possible into furthering their growth.\n2. Datadog\nSoftware-as-a-service (SaaS) companyDatadog(NASDAQ:DDOG)has been public for a shorter period than Zscaler. It debuted on the markets in September of 2019, closing at $37.55 per share on its first day, and it has more than doubled in value since then. Its market value recently sat at $27 billion.\nSo what does the company do? In its own words, it's a \"monitoring and security platform for cloud applications,\" which helps companies\n\n enable digital transformation and cloud migration, drive collaboration among development, operations, security and business teams, accelerate time to market for applications, reduce time to problem resolution, secure applications and infrastructure, understand user behavior, and track key business metrics.\n\nVarious applications have been added to its platform over time, making it even more powerful and attractive to potential customers, and more will be added. Its customers appear to be findinga lot to like in Datadog's offerings, as the company's retention rate was recently around 130%, suggesting not only that it retained most customers, but also that they increased their spending.\nDatadog is growing rapidly, with revenue tripling between fiscal 2018 and 2020. Like Zscaler, it'sposting losseswhile it invests in growth -- developing additional technologies, hiring more people, acquiring more customers, and ramping up its capabilities. Despite that, it'sgenerating free cash flow, which bodes well for its financial health.\n\nIMAGE SOURCE: GETTY IMAGES.\n3. Palo Alto Networks\nPalo Alto Networks(NYSE:PANW)isa global leader in cybersecurity, with a market value recently near $35 billion. Clearly, threats from cyberspace are not going away anytime soon, and companies can't afford to have their systems hacked into and their safeguards breached. Enter Palo Alto, with technology, programs, and even consulting services to help companies secure their data and workings.\nIn the company's last reported quarter, revenue and billings jumped 25% and 22% year over year, respectively, topping management's previous guidance. Its growth drivers include its cloud-delivered security subscription offerings, which have gone from four to eight in just two years, and the newer, higher support level that it's offering customers -- \"Platinum Support.\"\nPalo Alto's artificial-intelligence-powered threat detection platform Cortex counts 66% of the Fortune 100 among its customers, plus 35% of the Global 2000. Interestingly, the company notes that \"Cortex XDR's Behavioral Threat Protection instantly blocked a SolarStorm attack on Palo Alto Networks\" and it sees the SolarStorm attack as a growth driver, as it generated more than 1,000 assessment requests related to it. CEO Nikesh Arora noted ina conference call:\n\n This will result in more awareness and focus on cybersecurity, which in all candor, is the need of the hour given the complete reliance on technology in these times. We expect that this attack will be a wake-up call to all enterprises to modernize cybersecurity and will serve as a net incremental tailwind, not just for us but also for the industry.\n\nThese three companies are not selling at bargain-basement prices. But each appears to have a rosy future ahead of it. Consider digging more deeply into any of the companies that interest you, and if you like what you think, you might start a position in one or more by buying a few initial shares, and then add to that position over time. Or play it more conservative and just add the companies to your watch list, hoping for a lower price in the future (and knowing that it may or may not materialize).\nRemember, too, that there are plenty of otherterrific growth stocksout there, and many of them are trading at lower valuations.","news_type":1,"symbols_score_info":{"ZS":0.9,"DDOG":0.9,"PANW":0.9}},"isVote":1,"tweetType":1,"viewCount":2309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":100461382,"gmtCreate":1619632033546,"gmtModify":1634211183818,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","htmlText":"It is","listText":"It is","text":"It is","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/100461382","repostId":"1129899601","repostType":4,"repost":{"id":"1129899601","kind":"news","pubTimestamp":1619607898,"share":"https://www.laohunote.com/m/news/1129899601?lang=zh_CN&edition=full","pubTime":"2021-04-28 19:04","market":"us","language":"en","title":"Investing in These Stocks Now Could Make You a Millionaire Retiree<blockquote>现在投资这些股票可以让你成为百万富翁退休人员</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129899601","media":"Motley Fool","summary":"It's much better to be a millionaire retiree than a thousandaire one. You're probably not going to b","content":"<p>It's much better to be a millionaire retiree than a thousandaire one. You're probably not going to become one, though, unless you take some steps toward it. One good way is to regularly invest meaningful sumsin the stock market, over a long period of time -- such as via a low-cost broad-market index fund.</p><p><blockquote>成为一名百万富翁退休人员比成为一名千万富翁要好得多。不过，除非你采取一些措施，否则你可能不会成为一个。一个好方法是在很长一段时间内定期对股票市场进行有意义的投资，例如通过低成本的大盘指数基金。</blockquote></p><p> If you want to try to get to millionairehood sooner, you might try investing in some carefully chosen individual stocks -- perhaps in addition to investing in index funds. Here are three growth stocks that have a lot of potential.</p><p><blockquote>如果您想尝试更快成为百万富翁，您可以尝试投资一些精心选择的个股——也许除了投资指数基金之外。这里有三只潜力巨大的成长股。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/fb3e1ae423e7496b9bb443443b54b97f\" tg-width=\"700\" tg-height=\"471\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> IMAGE SOURCE: GETTY IMAGES.</p><p><blockquote>图片来源：盖蒂图片社。</blockquote></p><p> <b>1. Zscaler</b></p><p><blockquote><b>1. Zscaler</b></blockquote></p><p> <b>Zscaler</b>(NASDAQ:ZS)offers security technology for companies using various cloud services, and has been named the leader in secure web gateways by research firm Gartner. It has been growing briskly, with its stock increasing in value by more than sixfold over only about three years, since the company debuted on the public market. In its most recent quarter, revenue grew by 55% year over year, while billings jumped 71%. The company, recently sporting a market value near $26 billion, \"reached a new milestone by surpassing 5,000 customers during the quarter, including 500 of the Global 2000.\" Between fiscal 2016 and 2020, revenue grew more than fivefold.</p><p><blockquote><b>缩放器</b>（纳斯达克股票代码：ZS）为使用各种云服务的公司提供安全技术，并被研究公司Gartner评为安全网络网关的领导者。该公司发展迅速，自该公司在公开市场上市以来，短短三年内其股票价值就增长了六倍多。在最近一个季度，收入同比增长 55%，而比林斯则跃升 71%。该公司最近的市值接近 260 亿美元，“本季度客户数量超过 5,000 家，其中包括全球 2000 强中的 500 家，达到了新的里程碑。”2016 财年至 2020 财年期间，收入增长了五倍多。</blockquote></p><p> Zscaler has a \"big, audacious goal\" of reaching 200 million users and 100 million workloads, and in a presentation&nbsp;for investors, outlined a handful of growth drivers, such as upselling to existing customers, an increased presence in Japan and Latin America, and continuing technological innovations.The company has excelledat retaining customers and, indeed, at increasing the average amount they spend.</p><p><blockquote>Zscaler有一个“大而大胆的目标”，即达到2亿用户和1亿工作负载，并在给投资者的演示中概述了一些增长动力，例如向现有客户追加销售、增加在日本和拉丁美洲的业务以及持续的技术创新。该公司在留住客户方面表现出色，事实上，还提高了他们的平均消费金额。</blockquote></p><p> One concern about Zscaler for investors may be that it has been posting net losses, not net income, in recent years. But that's not unusual for younger, smaller companies. They tend to plow as many dollars as possible into furthering their growth.</p><p><blockquote>投资者对 Zscaler 的一个担忧可能是，近年来它一直公布净亏损，而不是净利润。但这对于年轻、规模较小的公司来说并不罕见。他们倾向于投入尽可能多的资金来促进他们的发展。</blockquote></p><p> <b>2. Datadog</b></p><p><blockquote><b>2. 数据狗</b></blockquote></p><p> Software-as-a-service (SaaS)&nbsp;company<b>Datadog</b>(NASDAQ:DDOG)has been public for a shorter period than Zscaler. It debuted on the markets in September of 2019, closing at&nbsp;$37.55 per share on its first day, and it has more than doubled in value since then. Its market value recently sat at $27 billion.</p><p><blockquote>软件即服务（SaaS）公司<b>数据狗</b>（纳斯达克股票代码：DDOG）上市时间比 Zscaler 短。它于 2019 年 9 月上市，首日收盘价为每股 37.55 美元，此后市值翻了一番多。其市值最近为270亿美元。</blockquote></p><p> So what does the company do? In its own words, it's a \"monitoring and security platform for cloud applications,\" which helps companies</p><p><blockquote>那么公司是做什么的呢？用它自己的话来说，它是一个“云应用的监控和安全平台”，可以帮助公司</blockquote></p><p>   enable digital transformation and cloud migration, drive collaboration among development, operations, security and business teams, accelerate time to market for applications, reduce time to problem resolution, secure applications and infrastructure, understand user behavior, and track key business metrics.  Various applications have been added to its platform over time, making it even more powerful and attractive to potential customers, and more will be added. Its customers appear to be findinga lot to like in Datadog's offerings, as the company's retention rate was recently around 130%, suggesting not only that it retained most customers, but also that they increased their spending.</p><p><blockquote>支持数字化转型和云迁移，推动开发、运营、安全和业务团队之间的协作，加快应用程序上市时间，减少解决问题的时间，保护应用程序和基础架构，了解用户行为，并跟踪关键业务指标。随着时间的推移，各种应用程序被添加到其平台中，使其更加强大，对潜在客户更具吸引力，并且还会添加更多应用程序。其客户似乎对 Datadog 的产品非常满意，因为该公司最近的保留率约为 130%，这表明它不仅保留了大多数客户，而且他们还增加了支出。</blockquote></p><p> Datadog is growing rapidly, with revenue tripling&nbsp;between fiscal 2018 and 2020. Like Zscaler, it'sposting losseswhile it invests in growth -- developing additional technologies, hiring more people, acquiring more customers, and ramping up its capabilities. Despite that, it'sgenerating free cash flow, which bodes well for its financial health.</p><p><blockquote>Datadog 发展迅速，2018 财年至 2020 财年期间收入增长了两倍。与 Zscaler 一样，它在投资增长的同时也出现了亏损——开发更多技术、雇佣更多员工、获取更多客户并增强其能力。尽管如此，它还是产生了自由现金流，这对其财务状况来说是个好兆头。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f69bfcb5ba5d9c7e18673db94f759aa5\" tg-width=\"2000\" tg-height=\"1142\"></p><p><blockquote></blockquote></p><p> IMAGE SOURCE: GETTY IMAGES.</p><p><blockquote>图片来源：盖蒂图片社。</blockquote></p><p> <b>3. Palo Alto Networks</b></p><p><blockquote><b>3. 帕洛阿尔托网络</b></blockquote></p><p> <b>Palo Alto Networks</b>(NYSE:PANW)isa global leader in cybersecurity, with a market value recently near $35 billion. Clearly, threats from cyberspace are not going away anytime soon, and companies can't afford to have their systems hacked into and their safeguards breached. Enter Palo Alto, with technology, programs, and even consulting services to help companies secure their data and workings.</p><p><blockquote><b>帕洛阿尔托网络</b>（纽约证券交易所股票代码：PANW）是网络安全领域的全球领导者，近期市值接近 350 亿美元。显然，来自网络空间的威胁不会很快消失，公司不能承受他们的系统被黑客攻击和安全措施被破坏的后果。进入帕洛阿尔托，凭借技术、程序甚至咨询服务，帮助公司保护其数据和工作。</blockquote></p><p> In the company's last reported quarter, revenue and billings jumped 25% and 22% year over year, respectively, topping management's previous guidance. Its growth drivers include its cloud-delivered security subscription offerings, which have gone from four to eight in just two years, and the newer, higher support level that it's offering customers -- \"Platinum Support.\"</p><p><blockquote>在该公司上一个报告季度，收入和账单分别同比增长 25% 和 22%，超过了管理层之前的指导。其增长动力包括其云交付的安全订阅产品，该产品在短短两年内从四个增加到八个，以及它为客户提供的更新、更高级别的支持——“白金支持”。</blockquote></p><p></p><p> Palo Alto's artificial-intelligence-powered threat detection platform Cortex counts&nbsp;66% of the Fortune 100 among its customers, plus 35% of the Global 2000. Interestingly, the company notes that \"Cortex XDR's Behavioral Threat Protection instantly blocked a SolarStorm attack on Palo Alto Networks\" and it sees the SolarStorm attack as a growth driver, as it generated more than 1,000 assessment requests related to it. CEO Nikesh Arora noted ina conference call:</p><p><blockquote>帕洛阿尔托的人工智能驱动的威胁检测平台Cortex拥有66%的财富100强客户，以及35%的全球2000强客户。有趣的是，该公司指出，“Cortex XDR的行为威胁防护立即阻止了对帕洛阿尔托网络的SolarStorm攻击”，并且它将SolarStorm攻击视为增长动力，因为它产生了1000多个与此相关的评估请求。Nikesh Arora 首席执行官在电话会议指出：</blockquote></p><p>   This will result in more awareness and focus on cybersecurity, which in all candor, is the need of the hour given the complete reliance on technology in these times. We expect that this attack will be a wake-up call to all enterprises to modernize cybersecurity and will serve as a net incremental tailwind, not just for us but also for the industry.  These three companies are not selling at bargain-basement prices. But each appears to have a rosy future ahead of it. Consider digging more deeply into any of the companies that interest you, and if you like what you think, you might start a position in one or more by buying a few initial shares, and then add to that position over time. Or play it more conservative and just add the companies to your watch list, hoping for a lower price in the future (and knowing that it may or may not materialize).</p><p><blockquote>这将导致人们对网络安全有更多的认识和关注，坦率地说，鉴于当今时代对技术的完全依赖，这是当务之急。我们预计此次攻击将成为所有企业实现网络安全现代化的唤醒看涨期权，并将成为净增量顺风，不仅对我们，对行业也是如此。这三家公司并没有以低价出售。但每个人似乎都有一个美好的未来。考虑更深入地挖掘您感兴趣的任何公司，如果您喜欢自己的想法，您可以通过购买一些初始股票来建立一家或多家公司的头寸，然后随着时间的推移增加该头寸。或者采取更保守的做法，将这些公司添加到您的观察列表中，希望未来价格会更低（并且知道这可能会也可能不会实现）。</blockquote></p><p> Remember, too, that there are plenty of otherterrific growth stocksout there, and many of them are trading at lower valuations.</p><p><blockquote>还要记住，那里还有很多其他成长型股票，其中许多股票的估值较低。</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>Investing in These Stocks Now Could Make You a Millionaire Retiree<blockquote>现在投资这些股票可以让你成为百万富翁退休人员</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\">\nInvesting in These Stocks Now Could Make You a Millionaire Retiree<blockquote>现在投资这些股票可以让你成为百万富翁退休人员</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-04-28 19:04</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It's much better to be a millionaire retiree than a thousandaire one. You're probably not going to become one, though, unless you take some steps toward it. One good way is to regularly invest meaningful sumsin the stock market, over a long period of time -- such as via a low-cost broad-market index fund.</p><p><blockquote>成为一名百万富翁退休人员比成为一名千万富翁要好得多。不过，除非你采取一些措施，否则你可能不会成为一个。一个好方法是在很长一段时间内定期对股票市场进行有意义的投资，例如通过低成本的大盘指数基金。</blockquote></p><p> If you want to try to get to millionairehood sooner, you might try investing in some carefully chosen individual stocks -- perhaps in addition to investing in index funds. Here are three growth stocks that have a lot of potential.</p><p><blockquote>如果您想尝试更快成为百万富翁，您可以尝试投资一些精心选择的个股——也许除了投资指数基金之外。这里有三只潜力巨大的成长股。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/fb3e1ae423e7496b9bb443443b54b97f\" tg-width=\"700\" tg-height=\"471\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> IMAGE SOURCE: GETTY IMAGES.</p><p><blockquote>图片来源：盖蒂图片社。</blockquote></p><p> <b>1. Zscaler</b></p><p><blockquote><b>1. Zscaler</b></blockquote></p><p> <b>Zscaler</b>(NASDAQ:ZS)offers security technology for companies using various cloud services, and has been named the leader in secure web gateways by research firm Gartner. It has been growing briskly, with its stock increasing in value by more than sixfold over only about three years, since the company debuted on the public market. In its most recent quarter, revenue grew by 55% year over year, while billings jumped 71%. The company, recently sporting a market value near $26 billion, \"reached a new milestone by surpassing 5,000 customers during the quarter, including 500 of the Global 2000.\" Between fiscal 2016 and 2020, revenue grew more than fivefold.</p><p><blockquote><b>缩放器</b>（纳斯达克股票代码：ZS）为使用各种云服务的公司提供安全技术，并被研究公司Gartner评为安全网络网关的领导者。该公司发展迅速，自该公司在公开市场上市以来，短短三年内其股票价值就增长了六倍多。在最近一个季度，收入同比增长 55%，而比林斯则跃升 71%。该公司最近的市值接近 260 亿美元，“本季度客户数量超过 5,000 家，其中包括全球 2000 强中的 500 家，达到了新的里程碑。”2016 财年至 2020 财年期间，收入增长了五倍多。</blockquote></p><p> Zscaler has a \"big, audacious goal\" of reaching 200 million users and 100 million workloads, and in a presentation&nbsp;for investors, outlined a handful of growth drivers, such as upselling to existing customers, an increased presence in Japan and Latin America, and continuing technological innovations.The company has excelledat retaining customers and, indeed, at increasing the average amount they spend.</p><p><blockquote>Zscaler有一个“大而大胆的目标”，即达到2亿用户和1亿工作负载，并在给投资者的演示中概述了一些增长动力，例如向现有客户追加销售、增加在日本和拉丁美洲的业务以及持续的技术创新。该公司在留住客户方面表现出色，事实上，还提高了他们的平均消费金额。</blockquote></p><p> One concern about Zscaler for investors may be that it has been posting net losses, not net income, in recent years. But that's not unusual for younger, smaller companies. They tend to plow as many dollars as possible into furthering their growth.</p><p><blockquote>投资者对 Zscaler 的一个担忧可能是，近年来它一直公布净亏损，而不是净利润。但这对于年轻、规模较小的公司来说并不罕见。他们倾向于投入尽可能多的资金来促进他们的发展。</blockquote></p><p> <b>2. Datadog</b></p><p><blockquote><b>2. 数据狗</b></blockquote></p><p> Software-as-a-service (SaaS)&nbsp;company<b>Datadog</b>(NASDAQ:DDOG)has been public for a shorter period than Zscaler. It debuted on the markets in September of 2019, closing at&nbsp;$37.55 per share on its first day, and it has more than doubled in value since then. Its market value recently sat at $27 billion.</p><p><blockquote>软件即服务（SaaS）公司<b>数据狗</b>（纳斯达克股票代码：DDOG）上市时间比 Zscaler 短。它于 2019 年 9 月上市，首日收盘价为每股 37.55 美元，此后市值翻了一番多。其市值最近为270亿美元。</blockquote></p><p> So what does the company do? In its own words, it's a \"monitoring and security platform for cloud applications,\" which helps companies</p><p><blockquote>那么公司是做什么的呢？用它自己的话来说，它是一个“云应用的监控和安全平台”，可以帮助公司</blockquote></p><p>   enable digital transformation and cloud migration, drive collaboration among development, operations, security and business teams, accelerate time to market for applications, reduce time to problem resolution, secure applications and infrastructure, understand user behavior, and track key business metrics.  Various applications have been added to its platform over time, making it even more powerful and attractive to potential customers, and more will be added. Its customers appear to be findinga lot to like in Datadog's offerings, as the company's retention rate was recently around 130%, suggesting not only that it retained most customers, but also that they increased their spending.</p><p><blockquote>支持数字化转型和云迁移，推动开发、运营、安全和业务团队之间的协作，加快应用程序上市时间，减少解决问题的时间，保护应用程序和基础架构，了解用户行为，并跟踪关键业务指标。随着时间的推移，各种应用程序被添加到其平台中，使其更加强大，对潜在客户更具吸引力，并且还会添加更多应用程序。其客户似乎对 Datadog 的产品非常满意，因为该公司最近的保留率约为 130%，这表明它不仅保留了大多数客户，而且他们还增加了支出。</blockquote></p><p> Datadog is growing rapidly, with revenue tripling&nbsp;between fiscal 2018 and 2020. Like Zscaler, it'sposting losseswhile it invests in growth -- developing additional technologies, hiring more people, acquiring more customers, and ramping up its capabilities. Despite that, it'sgenerating free cash flow, which bodes well for its financial health.</p><p><blockquote>Datadog 发展迅速，2018 财年至 2020 财年期间收入增长了两倍。与 Zscaler 一样，它在投资增长的同时也出现了亏损——开发更多技术、雇佣更多员工、获取更多客户并增强其能力。尽管如此，它还是产生了自由现金流，这对其财务状况来说是个好兆头。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f69bfcb5ba5d9c7e18673db94f759aa5\" tg-width=\"2000\" tg-height=\"1142\"></p><p><blockquote></blockquote></p><p> IMAGE SOURCE: GETTY IMAGES.</p><p><blockquote>图片来源：盖蒂图片社。</blockquote></p><p> <b>3. Palo Alto Networks</b></p><p><blockquote><b>3. 帕洛阿尔托网络</b></blockquote></p><p> <b>Palo Alto Networks</b>(NYSE:PANW)isa global leader in cybersecurity, with a market value recently near $35 billion. Clearly, threats from cyberspace are not going away anytime soon, and companies can't afford to have their systems hacked into and their safeguards breached. Enter Palo Alto, with technology, programs, and even consulting services to help companies secure their data and workings.</p><p><blockquote><b>帕洛阿尔托网络</b>（纽约证券交易所股票代码：PANW）是网络安全领域的全球领导者，近期市值接近 350 亿美元。显然，来自网络空间的威胁不会很快消失，公司不能承受他们的系统被黑客攻击和安全措施被破坏的后果。进入帕洛阿尔托，凭借技术、程序甚至咨询服务，帮助公司保护其数据和工作。</blockquote></p><p> In the company's last reported quarter, revenue and billings jumped 25% and 22% year over year, respectively, topping management's previous guidance. Its growth drivers include its cloud-delivered security subscription offerings, which have gone from four to eight in just two years, and the newer, higher support level that it's offering customers -- \"Platinum Support.\"</p><p><blockquote>在该公司上一个报告季度，收入和账单分别同比增长 25% 和 22%，超过了管理层之前的指导。其增长动力包括其云交付的安全订阅产品，该产品在短短两年内从四个增加到八个，以及它为客户提供的更新、更高级别的支持——“白金支持”。</blockquote></p><p></p><p> Palo Alto's artificial-intelligence-powered threat detection platform Cortex counts&nbsp;66% of the Fortune 100 among its customers, plus 35% of the Global 2000. Interestingly, the company notes that \"Cortex XDR's Behavioral Threat Protection instantly blocked a SolarStorm attack on Palo Alto Networks\" and it sees the SolarStorm attack as a growth driver, as it generated more than 1,000 assessment requests related to it. CEO Nikesh Arora noted ina conference call:</p><p><blockquote>帕洛阿尔托的人工智能驱动的威胁检测平台Cortex拥有66%的财富100强客户，以及35%的全球2000强客户。有趣的是，该公司指出，“Cortex XDR的行为威胁防护立即阻止了对帕洛阿尔托网络的SolarStorm攻击”，并且它将SolarStorm攻击视为增长动力，因为它产生了1000多个与此相关的评估请求。Nikesh Arora 首席执行官在电话会议指出：</blockquote></p><p>   This will result in more awareness and focus on cybersecurity, which in all candor, is the need of the hour given the complete reliance on technology in these times. We expect that this attack will be a wake-up call to all enterprises to modernize cybersecurity and will serve as a net incremental tailwind, not just for us but also for the industry.  These three companies are not selling at bargain-basement prices. But each appears to have a rosy future ahead of it. Consider digging more deeply into any of the companies that interest you, and if you like what you think, you might start a position in one or more by buying a few initial shares, and then add to that position over time. Or play it more conservative and just add the companies to your watch list, hoping for a lower price in the future (and knowing that it may or may not materialize).</p><p><blockquote>这将导致人们对网络安全有更多的认识和关注，坦率地说，鉴于当今时代对技术的完全依赖，这是当务之急。我们预计此次攻击将成为所有企业实现网络安全现代化的唤醒看涨期权，并将成为净增量顺风，不仅对我们，对行业也是如此。这三家公司并没有以低价出售。但每个人似乎都有一个美好的未来。考虑更深入地挖掘您感兴趣的任何公司，如果您喜欢自己的想法，您可以通过购买一些初始股票来建立一家或多家公司的头寸，然后随着时间的推移增加该头寸。或者采取更保守的做法，将这些公司添加到您的观察列表中，希望未来价格会更低（并且知道这可能会也可能不会实现）。</blockquote></p><p> Remember, too, that there are plenty of otherterrific growth stocksout there, and many of them are trading at lower valuations.</p><p><blockquote>还要记住，那里还有很多其他成长型股票，其中许多股票的估值较低。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/04/28/investing-in-these-stocks-now-could-make-you-a-mil/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PANW":"Palo Alto Networks","DDOG":"Datadog","ZS":"Zscaler Inc."},"source_url":"https://www.fool.com/investing/2021/04/28/investing-in-these-stocks-now-could-make-you-a-mil/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129899601","content_text":"It's much better to be a millionaire retiree than a thousandaire one. You're probably not going to become one, though, unless you take some steps toward it. One good way is to regularly invest meaningful sumsin the stock market, over a long period of time -- such as via a low-cost broad-market index fund.\nIf you want to try to get to millionairehood sooner, you might try investing in some carefully chosen individual stocks -- perhaps in addition to investing in index funds. Here are three growth stocks that have a lot of potential.\n\nIMAGE SOURCE: GETTY IMAGES.\n1. Zscaler\nZscaler(NASDAQ:ZS)offers security technology for companies using various cloud services, and has been named the leader in secure web gateways by research firm Gartner. It has been growing briskly, with its stock increasing in value by more than sixfold over only about three years, since the company debuted on the public market. In its most recent quarter, revenue grew by 55% year over year, while billings jumped 71%. The company, recently sporting a market value near $26 billion, \"reached a new milestone by surpassing 5,000 customers during the quarter, including 500 of the Global 2000.\" Between fiscal 2016 and 2020, revenue grew more than fivefold.\nZscaler has a \"big, audacious goal\" of reaching 200 million users and 100 million workloads, and in a presentation for investors, outlined a handful of growth drivers, such as upselling to existing customers, an increased presence in Japan and Latin America, and continuing technological innovations.The company has excelledat retaining customers and, indeed, at increasing the average amount they spend.\nOne concern about Zscaler for investors may be that it has been posting net losses, not net income, in recent years. But that's not unusual for younger, smaller companies. They tend to plow as many dollars as possible into furthering their growth.\n2. Datadog\nSoftware-as-a-service (SaaS) companyDatadog(NASDAQ:DDOG)has been public for a shorter period than Zscaler. It debuted on the markets in September of 2019, closing at $37.55 per share on its first day, and it has more than doubled in value since then. Its market value recently sat at $27 billion.\nSo what does the company do? In its own words, it's a \"monitoring and security platform for cloud applications,\" which helps companies\n\n enable digital transformation and cloud migration, drive collaboration among development, operations, security and business teams, accelerate time to market for applications, reduce time to problem resolution, secure applications and infrastructure, understand user behavior, and track key business metrics.\n\nVarious applications have been added to its platform over time, making it even more powerful and attractive to potential customers, and more will be added. Its customers appear to be findinga lot to like in Datadog's offerings, as the company's retention rate was recently around 130%, suggesting not only that it retained most customers, but also that they increased their spending.\nDatadog is growing rapidly, with revenue tripling between fiscal 2018 and 2020. Like Zscaler, it'sposting losseswhile it invests in growth -- developing additional technologies, hiring more people, acquiring more customers, and ramping up its capabilities. Despite that, it'sgenerating free cash flow, which bodes well for its financial health.\n\nIMAGE SOURCE: GETTY IMAGES.\n3. Palo Alto Networks\nPalo Alto Networks(NYSE:PANW)isa global leader in cybersecurity, with a market value recently near $35 billion. Clearly, threats from cyberspace are not going away anytime soon, and companies can't afford to have their systems hacked into and their safeguards breached. Enter Palo Alto, with technology, programs, and even consulting services to help companies secure their data and workings.\nIn the company's last reported quarter, revenue and billings jumped 25% and 22% year over year, respectively, topping management's previous guidance. Its growth drivers include its cloud-delivered security subscription offerings, which have gone from four to eight in just two years, and the newer, higher support level that it's offering customers -- \"Platinum Support.\"\nPalo Alto's artificial-intelligence-powered threat detection platform Cortex counts 66% of the Fortune 100 among its customers, plus 35% of the Global 2000. Interestingly, the company notes that \"Cortex XDR's Behavioral Threat Protection instantly blocked a SolarStorm attack on Palo Alto Networks\" and it sees the SolarStorm attack as a growth driver, as it generated more than 1,000 assessment requests related to it. CEO Nikesh Arora noted ina conference call:\n\n This will result in more awareness and focus on cybersecurity, which in all candor, is the need of the hour given the complete reliance on technology in these times. We expect that this attack will be a wake-up call to all enterprises to modernize cybersecurity and will serve as a net incremental tailwind, not just for us but also for the industry.\n\nThese three companies are not selling at bargain-basement prices. But each appears to have a rosy future ahead of it. Consider digging more deeply into any of the companies that interest you, and if you like what you think, you might start a position in one or more by buying a few initial shares, and then add to that position over time. Or play it more conservative and just add the companies to your watch list, hoping for a lower price in the future (and knowing that it may or may not materialize).\nRemember, too, that there are plenty of otherterrific growth stocksout there, and many of them are trading at lower valuations.","news_type":1,"symbols_score_info":{"ZS":0.9,"DDOG":0.9,"PANW":0.9}},"isVote":1,"tweetType":1,"viewCount":2404,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374557710,"gmtCreate":1619467478730,"gmtModify":1634273278783,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","htmlText":"Ok is highly high free hd charge s","listText":"Ok is highly high free hd charge s","text":"Ok is highly high free hd charge s","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/374557710","repostId":"1184404050","repostType":4,"isVote":1,"tweetType":1,"viewCount":2735,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374554705,"gmtCreate":1619466761407,"gmtModify":1634273279363,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","htmlText":"Yuphere it foes","listText":"Yuphere it foes","text":"Yuphere it foes","images":[{"img":"https://static.tigerbbs.com/2feaac1c96e4000f9bb2bf194a6ee12b","width":"1080","height":"2662"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/374554705","isVote":1,"tweetType":1,"viewCount":2071,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":376613743,"gmtCreate":1619108325682,"gmtModify":1634288473320,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>pls go up","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>pls go up","text":"$Tesla Motors(TSLA)$pls go up","images":[{"img":"https://static.tigerbbs.com/729c6b5b0095b176bbe04a25579ff758","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/376613743","isVote":1,"tweetType":1,"viewCount":2977,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":376619281,"gmtCreate":1619108130843,"gmtModify":1634288474285,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","htmlText":"Yeah it is","listText":"Yeah it is","text":"Yeah it is","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/376619281","repostId":"373930817","repostType":1,"repost":{"id":373930817,"gmtCreate":1618808979136,"gmtModify":1781684189624,"author":{"id":"36979109942400","authorId":"36979109942400","name":"小虎周报","avatar":"https://static.laohu8.com/f7b172cf773c77a3f0df67695c126b51","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"36979109942400","authorIdStr":"36979109942400"},"themes":[],"title":"港股周策略：宽松潮不改，当下港股中期配置价值凸显","htmlText":"港股市场近期保持攀升，我们注意到上周公布的社融虽不及预期，但由于市场不乏已有预期，并没有过度影响市场。 另一方面，一季度以来不同行业表现冷热不均，投资者对市场的分歧也在增大，不过对于受国际流行性更明显的港股来讲，我们认为依然乐观的是在没有明确看到通胀之前，大部分经济体政策大转弯的可能性较低，政策并不会明显收紧（美联储的加息预期最快在2022年，对应美债的上行压力在下半年或者明年初），其次大部分资产也并没有泡沫化，这也增大了港股配置的性价比。未来美国宽松有序退出，海外资金分流至港股的情形（类似于一季度初），或将再次上演。 一如过往，我们维持对于<a href=\"https://laohu8.com/S/HSI\">$恒生指数(HSI)$</a> 调整几乎结束，国内货币政策进退有序，中期窗口宜积极布局的判断。当然，这里面也计入了，我们对于前期恒指和纳指对10年期美债收益率过度反应后可能出现修正的乐观预期，因为目前美债收益率目前并非绝对高位，从历史股债相关性看，也很难对海外市场构成逆转。<a href=\"https://laohu8.com/S/HSCEI\">$国企指数(HSCEI)$</a> <a href=\"https://laohu8.com/S/HSCCI\">$红筹指数(HSCCI)$</a> 二、陆港通观察：金融、大消费方向继续凸显配置价值 延续一季度时期的风格，陆港通净流入仍然是以金融、大消费为主。净流入居前的金融公司主要有<a href=\"https://laohu8.com/S/02318\">$中国平安(02318)$</a> 、<a href=\"https://laohu8.com/S/601166\">$兴业银行(601166)$</a> 、<a href=\"https://laohu8.com/S/00939\">$建设银行(00939)$</a> 、","listText":"港股市场近期保持攀升，我们注意到上周公布的社融虽不及预期，但由于市场不乏已有预期，并没有过度影响市场。 另一方面，一季度以来不同行业表现冷热不均，投资者对市场的分歧也在增大，不过对于受国际流行性更明显的港股来讲，我们认为依然乐观的是在没有明确看到通胀之前，大部分经济体政策大转弯的可能性较低，政策并不会明显收紧（美联储的加息预期最快在2022年，对应美债的上行压力在下半年或者明年初），其次大部分资产也并没有泡沫化，这也增大了港股配置的性价比。未来美国宽松有序退出，海外资金分流至港股的情形（类似于一季度初），或将再次上演。 一如过往，我们维持对于<a href=\"https://laohu8.com/S/HSI\">$恒生指数(HSI)$</a> 调整几乎结束，国内货币政策进退有序，中期窗口宜积极布局的判断。当然，这里面也计入了，我们对于前期恒指和纳指对10年期美债收益率过度反应后可能出现修正的乐观预期，因为目前美债收益率目前并非绝对高位，从历史股债相关性看，也很难对海外市场构成逆转。<a href=\"https://laohu8.com/S/HSCEI\">$国企指数(HSCEI)$</a> <a href=\"https://laohu8.com/S/HSCCI\">$红筹指数(HSCCI)$</a> 二、陆港通观察：金融、大消费方向继续凸显配置价值 延续一季度时期的风格，陆港通净流入仍然是以金融、大消费为主。净流入居前的金融公司主要有<a href=\"https://laohu8.com/S/02318\">$中国平安(02318)$</a> 、<a href=\"https://laohu8.com/S/601166\">$兴业银行(601166)$</a> 、<a href=\"https://laohu8.com/S/00939\">$建设银行(00939)$</a> 、","text":"港股市场近期保持攀升，我们注意到上周公布的社融虽不及预期，但由于市场不乏已有预期，并没有过度影响市场。 另一方面，一季度以来不同行业表现冷热不均，投资者对市场的分歧也在增大，不过对于受国际流行性更明显的港股来讲，我们认为依然乐观的是在没有明确看到通胀之前，大部分经济体政策大转弯的可能性较低，政策并不会明显收紧（美联储的加息预期最快在2022年，对应美债的上行压力在下半年或者明年初），其次大部分资产也并没有泡沫化，这也增大了港股配置的性价比。未来美国宽松有序退出，海外资金分流至港股的情形（类似于一季度初），或将再次上演。 一如过往，我们维持对于$恒生指数(HSI)$ 调整几乎结束，国内货币政策进退有序，中期窗口宜积极布局的判断。当然，这里面也计入了，我们对于前期恒指和纳指对10年期美债收益率过度反应后可能出现修正的乐观预期，因为目前美债收益率目前并非绝对高位，从历史股债相关性看，也很难对海外市场构成逆转。$国企指数(HSCEI)$ $红筹指数(HSCCI)$ 二、陆港通观察：金融、大消费方向继续凸显配置价值 延续一季度时期的风格，陆港通净流入仍然是以金融、大消费为主。净流入居前的金融公司主要有$中国平安(02318)$ 、$兴业银行(601166)$ 、$建设银行(00939)$ 、","images":[{"img":"https://static.tigerbbs.com/63a5e94ea52ed2c702a9fd201fb885f5","width":"1157","height":"688"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/373930817","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2851,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373374749,"gmtCreate":1618827205681,"gmtModify":1634290595794,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","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":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/373374749","repostId":"1162662309","repostType":4,"repost":{"id":"1162662309","kind":"news","pubTimestamp":1618762645,"share":"https://www.laohunote.com/m/news/1162662309?lang=zh_CN&edition=full","pubTime":"2021-04-19 00:17","market":"us","language":"en","title":"Stocks To Watch: Apple Event, Disney Callout And Earnings Blitz<blockquote>值得关注的股票：苹果事件、迪士尼公布和盈利闪电战</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1162662309","media":"seekingalpha","summary":"Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the this week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning. A podcast of Stocks to Watch is also available on Sundays onSeeking Alpha,Apple Podcasts,StitcherandSpotify.Economic reports due out this week include the latest updates on existing home sales, new home sales, jobless claims and PMI. Big earnings reports blast in every day this week across ","content":"<p>Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the this week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning. A podcast of Stocks to Watch is also available on Sundays onSeeking Alpha,Apple Podcasts,StitcherandSpotify(click the highlighted links).</p><p><blockquote>欢迎来到 Seeking Alpha 值得关注的股票 - 本周重要事件的预览。关注这个账户，打开电子邮件提醒，每周六早上在你的收件箱中接收这篇文章。周日还可以在 Seeking Alpha、Apple Podcasts、Stitcher 和 Spotify 上观看股票播客（点击突出显示的链接）。</blockquote></p><p>Economic reports due out this week include the latest updates on existing home sales, new home sales, jobless claims and PMI. Big earnings reports blast in every day this week across sectors. Of note, the follow-up conference calls from Coca-Cola(NYSE:KO), Netflix(NASDAQ:NFLX)and Intel(NASDAQ:INTC)could be on the interesting side. On the vaccine front, the Centers for Disease Control and Prevention's Advisory Committee on Immunization Practices is expected to meet late this week to consider recommendations for Johnson &amp; Johnson's(NYSE:JNJ)shot, which has been linked to rare blood clots in the brain.</p><p><blockquote>本周将发布的经济报告包括成屋销售、新屋销售、申请失业救济人数和采购经理人指数的最新更新。本周，各行各业每天都有大型财报涌现。值得注意的是，可口可乐（纽约证券交易所股票代码：KO）、Netflix（纳斯达克股票代码：NFLX）和英特尔（纳斯达克股票代码：INTC）的后续会议评级可能会很有趣。在疫苗方面，疾病控制和预防中心免疫实践咨询委员会预计将于本周晚些时候召开会议，考虑强生公司（纽约证券交易所股票代码：JNJ）疫苗的建议，该疫苗与大脑中罕见的血栓有关。</blockquote></p><p><b>Earnings spotlight:</b>&nbsp;Earnings season heats up in a big way with reports due in from Coca-Cola (KO), IBM(NYSE:IBM)and United Airlines(NASDAQ:UAL)on April 19; Johnson &amp; Johnson (JNJ), Procter &amp; Gamble(NYSE:PG), Philip Morris International(NYSE:PM), Abbott Labs(NYSE:ABT)and Netflix (NFLX) on April 20; Anthem(NYSE:ANTM), Verizon(NYSE:VZ), Chipotle(NYSE:CMG)and Lam Research(NASDAQ:LRCX)on April 21; AT&amp;T(NYSE:T), Dow(NYSE:DOW), Intel (INTC), Seagate Tech(NASDAQ:STX)and Mattel(NASDAQ:MAT)on April 22; as well as American Express(NYSE:AXP)and Honeywell(NYSE:HON)on April 23.</p><p><blockquote><b>盈利聚焦：</b>随着可口可乐 (KO)、IBM(NYSE:IBM) 和联合航空 (NASDAQ:UAL) 将于 4 月 19 日发布报告，财报季大幅升温；4 月 20 日，强生公司 (JNJ)、宝洁公司 (NYSE:PG)、菲利普莫里斯国际公司 (NYSE:PM)、雅培实验室 (NYSE:ABT) 和 Netflix (NFLX)；4 月 21 日，Anthem（纽约证券交易所股票代码：ANTM）、Verizon（纽约证券交易所股票代码：VZ）、Chipotle（纽约证券交易所股票代码：CMG）和 Lam Research（纳斯达克股票代码：LRCX）；AT&amp;T(NYSE:T)、陶氏化学(NYSE:DOW)、英特尔(INTC)、希捷科技(NASDAQ:STX)和美泰(NASDAQ:MAT)于4月22日；以及 4 月 23 日的美国运通 (NYSE:AXP) 和霍尼韦尔 (NYSE:HON)。</blockquote></p><p><img src=\"https://static.tigerbbs.com/522c9bdad799a71c4e6bad965f9f00f3\" tg-width=\"1530\" tg-height=\"650\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>IPO watch:</b>&nbsp;IPOs expected to start trading during the week include UiPAth (PATH), DoubleVerify (DV) and NeuroPace (NPCE) on April 20, as well as Zymergern (ZY) and KnowBe4 (KNBE) on April 22. IPO lockup periods expire on Datto Holding(NYSE:MSP), Topaz Energy(NYSE:TPZ), McAfee(NASDAQ:MCFE), Guild Holdings(NYSE:GHLD), Foghorn Therapeutics(NASDAQ:FHTX)and ComSovereign Holding(NASDAQ:COMS). The analyst quiet period expires on ThredUp(NASDAQ:TDUP)on April 20 to free up analysts to post ratings. Shares of Trip.com(NASDAQ:TRIP)will begin trading in Hong Kong this week following a new listing.</p><p><blockquote><b>IPO观察：</b>预计本周开始交易的 IPO 包括 4 月 20 日的 UiPAth (PATH)、DoubleVerify (DV) 和 NeuroPace (NPCE)，以及 4 月 22 日的 Zymergern (ZY) 和 KnowBe4 (KNBE)。Datto Holding（纽约证券交易所股票代码：MSP）、Topaz Energy（纽约证券交易所股票代码：TPZ）、McAfee（纳斯达克股票代码：MCFE）、Guild Holdings（纽约证券交易所股票代码：GHLD）、Foghorn Therapeutics（纳斯达克股票代码：FHTX）和 ComSovereign Holding（纳斯达克股票代码：COMS）的 IPO 锁定期即将到期。ThredUp（纳斯达克股票代码：TDUP）的分析师安静期将于 4 月 20 日到期，以便分析师可以自由发布评级。Trip.com（纳斯达克股票代码：TRIP）在新上市后将于本周在香港开始交易。</blockquote></p><p><b>Apple event:</b>&nbsp;Apple(NASDAQ:AAPL)holds an event on April 20 called \"Spring Loaded\" to show off new products. Information out of Cupertino has been pretty tight, but the company could reveal new iPads, new iMacs, new AirPods, AirTags, a new Apple TV and possibly a new Apple Pencil.</p><p><blockquote><b>苹果事件：</b>苹果（纳斯达克股票代码：AAPL）将于 4 月 20 日举办名为“Spring Loaded”的活动，展示新产品。来自库比蒂诺的信息相当紧张，但该公司可能会发布新的iPad、新的iMac、新的AirPods、AirTags、新的苹果电视，可能还有新的苹果铅笔。</blockquote></p><p><b>Projected dividend increases (quarterly):</b>&nbsp;Expected dividend boosts for the week include Comfort Systems USA(NYSE:FIX)to $0.125 from $0.1115, HP Enterprise(NYSE:HPE)to $0.1275 from $0.12, Pool Corp(NASDAQ:POOL)to $0.61 from $0.58, Johnson &amp; Johnson to $1.06 from $1.01, Travelers(NYSE:TRV)to $0.88 from $0.85, Southern Company(NYSE:SO)to $0.66 from $0.64, Kinder Morgan(NYSE:KMI)to $0.27 from $0.2625 and Nasdaq(NASDAQ:NDAQ)to $0.50 from $0.49.</p><p><blockquote><b>预计股息增加（季度）：</b>本周预计股息上调包括 Comfort Systems USA (NYSE:FIX) 从 0.1115 美元上调至 0.125 美元，HP Enterprise (NYSE:HPE) 从 0.12 美元上调至 0.1275 美元，Pool Corp (NASDAQ:POOL) 从 0.58 美元上调至 0.61 美元，强生公司从 1.01 美元上调至 1.06 美元，Travelers (NYSE:TRV) 从 0.85 美元上调至 0.88 美元，南方公司 (NYSE:SO) 从 0.64 美元上调至 0.66 美元，金德摩根 (NYSE:KMI) 从 0.2625 美元上调至 0.27 美元，纳斯达克 (NASDAQ:NDAQ) 从 0.49 美元上调至 0.50 美元。</blockquote></p><p><b>M&amp;A tidbits:</b>&nbsp;The highly-anticipated Aphria(NASDAQ:APHA)-Tilray(NASDAQ:TLRY)merger is expected to close on April 20. The tender offer on the GenMark Diagnostics(NASDAQ:GNMK)-Roche(OTCQX:RHHBY)deal expires on April 21. GW Pharmaceuticals(NASDAQ:GWPH)shareholders vote on the Jazz Pharmaceuticals(NASDAQ:JAZZ)deal on April 23.</p><p><blockquote><b>并购花絮：</b>备受期待的 Aphria（纳斯达克股票代码：APHA）-Tilray（纳斯达克股票代码：TLRY）合并预计将于 4 月 20 日完成。GenMark Diagnostics（纳斯达克股票代码：GNMK）-罗氏（OTCQX：RHHBY）交易的要约收购将于 4 月 21 日到期。GW Pharmaceuticals（纳斯达克股票代码：GWPH）股东于 4 月 23 日对 Jazz Pharmaceuticals（纳斯达克股票代码：JAZZ）交易进行投票。</blockquote></p><p><b>ARK Invest watch:</b>&nbsp;Investors may want to keep an eye on Coinbase Global(NASDAQ:COIN)after ARK Invest came in Friday with a purchase of 19,599 shares for the ARK Fintech Innovation ETF(NYSEARCA:ARKF)and 112,539 shares for the ARK Innovation ETF(NYSEARCA:ARKK). Cathie Wood's firm also defended Silvergate(NYSE:SI)after its mid-week stumble likely in response to the Coinbase IPO. \"Investors potentially took profits to diversify their exposure to crypto in the public markets. \"In our view, the Silvergate Exchange Network, with its strong network effects, positions Silvergate as both a facilitator and a prime beneficiary of increased crypto adoption,\" ARK reasons.</p><p><blockquote><b>方舟投资观察：</b>ARK Invest 周五购买了 19,599 股 ARK Fintech Innovation ETF (NYSEARCA:ARKF) 和 112,539 股 ARK Innovation ETF (NYSEARCA:ARKF) 股票，投资者可能需要关注 Coinbase Global（纳斯达克股票代码：COIN） ETF (NYSEARCA:ARKK)。凯西·伍德 (Cathie Wood) 的公司也为 Silvergate (NYSE:SI) 辩护，此前该公司在周中可能因 Coinbase IPO 而遭遇挫折。“投资者可能会获利了结，以分散他们在公开市场上对加密货币的投资。 “在我们看来，Silvergate 交易所网络凭借其强大的网络效应，将 Silvergate 定位为加密货币采用增加的促进者和主要受益者，”ARK reasons。</blockquote></p><p><b>Corporate spotlight:</b>&nbsp;Major events this week include strategic updates from Advance Auto Parts(NYSE:AAP)and Royal Gold(NYSE:GOLD)on April 20, as well as investor days for Dye &amp; Durham(OTC:DYNDF)and SMART Global(NASDAQ:SGH). On April 21, MGM Resorts(NYSE:MGM)and Entain(OTCPK:GMVHF)along with their U.S. venture BetMGM will host a business update event for analysts and investors. The event will provide deeper insights into the rapidly growing U.S. sports betting and iGaming business of BetMGM. A new forecast on the industry's total addressable market could be a share price catalyst for DraftKings(NASDAQ:DKNG)and Penn National Gaming(NASDAQ:PENN)as well. Check outSeeking Alpha's Catalyst Watch for a detailed list of more events to watch.</p><p><blockquote><b>企业聚焦：</b>本周的重大事件包括 Advance Auto Parts (NYSE:AAP) 和 Royal Gold (NYSE:GOLD) 于 4 月 20 日发布的战略更新，以及 Dye &amp; Durham (OTC:DYNDF) 和 SMART Global (NASDAQ:SGH) 的投资者日。4 月 21 日，米高梅度假村 (NYSE:MGM) 和 Entain (OTCPK:GMVHF) 及其美国合资企业 BetMGM 将为分析师和投资者举办一场业务更新活动。该活动将为BetMGM快速增长的美国体育博彩和iGaming业务提供更深入的见解。对该行业总潜在市场的新预测也可能成为 DraftKings（纳斯达克股票代码：DKNG）和 Penn National Gaming（纳斯达克股票代码：PENN）的股价催化剂。查看outSeeking Alpha的Catalyst Watch，了解更多值得关注的事件的详细列表。</blockquote></p><p></p><p><b>Conferences rundown:</b>&nbsp;Notable conferences running during the week include the H.C Wainwright Spring Mining Conference, Linley Spring Processor Conference 2021, the Kempen Life Sciences Conference, the Jefferies Microbiome-based Therapeutics Summit 2021 and the Stifel GMP &amp; Stifel First Energy Canada Cross Sector Insight Conference 2021. Check outSeeking Alpha's Catalyst Watch for a detailed list of events to watch.</p><p><blockquote><b>会议纲要：</b>本周举行的著名会议包括 H.C Wainwright Spring Mining Conference、Linley Spring Processor Conference 2021、Kempen Life Sciences Conference、Jefferies Microbiome Therapeutics Summit 2021 和 Stifel GMP &amp; Stifel First Energy Canada 2021 跨部门洞察会议。查看outSeeking Alpha的Catalyst Watch，了解要观看的事件的详细列表。</blockquote></p><p><b>Barron's mentions:</b>&nbsp;Disney(NYSE:DIS)makes the cover of Barron's this week as the media giant is given credit for positioning itself for post-COVID growth. Disney is said to have come out ahead after CEO Bob Chapek and team faced the severest of financial stress tests. \"When parks and theaters emptied out a year ago, costs kept rolling in, and the fastest-growing part of the business, streaming, was consuming cash—as it still is. Yet, Disney generated $3.6 billion in free cash during its fiscal year ended last September. It’s seen producing $3.3 billion this year before the numbers begin a sharp rebound,\" notes Jack Hough. While the movie business is still sputtering to restart and the TV business is seen holding steady at best, streaming results have shattered forecasts. Disney+ smashed expectations in piling up 100M in less than 18 months, compared to the 10 years it took Netflix to hit that level. Disney is targeting 300M to 350M subscribers by 2024 across all of its streaming platforms, including Hulu, ESPN+, Hotstar in India, and Star+ in Latin America (launches in June). PetIQ(NASDAQ:PETQ)and O'Reilly Automotive(NASDAQ:ORLY)also land favorable write-ups this week.</p><p><blockquote><b>《巴伦周刊》提到：</b>迪士尼（纽约证券交易所股票代码：DIS）本周登上了《巴伦周刊》的封面，这家媒体巨头因其为新冠疫情后的增长定位而受到赞扬。据说，在首席执行官鲍勃·查佩克和团队面临最严重的财务压力测试后，迪士尼站了出来。“一年前，当公园和影院空无一人时，成本不断增加，而增长最快的业务--流媒体--正在消耗现金--现在仍然如此。然而，在截至去年 9 月的财年中，迪士尼却产生了 36 亿美元的自由现金。在数字开始大幅反弹之前，迪士尼今年将产生 33 亿美元的自由现金，”杰克-霍夫（Jack Hough）指出。虽然电影业务仍在努力重启，电视业务充其量保持稳定，但流媒体业绩打破了预测。Disney+在不到18个月的时间里积累了1亿，打破了预期，而Netflix用了10年才达到这一水平。迪士尼的目标是到 2024 年在其所有流媒体平台上拥有 3 亿至 3.5 亿用户，包括 Hulu、ESPN+、印度的 Hotstar 和拉丁美洲的 Star+（6 月推出）。PetIQ（纳斯达克股票代码：PETQ）和 O'Reilly Automotive（纳斯达克股票代码：ORLY）本周也获得了有利的报道。</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>Stocks To Watch: Apple Event, Disney Callout And Earnings Blitz<blockquote>值得关注的股票：苹果事件、迪士尼公布和盈利闪电战</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\">\nStocks To Watch: Apple Event, Disney Callout And Earnings Blitz<blockquote>值得关注的股票：苹果事件、迪士尼公布和盈利闪电战</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-04-19 00:17</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the this week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning. A podcast of Stocks to Watch is also available on Sundays onSeeking Alpha,Apple Podcasts,StitcherandSpotify(click the highlighted links).</p><p><blockquote>欢迎来到 Seeking Alpha 值得关注的股票 - 本周重要事件的预览。关注这个账户，打开电子邮件提醒，每周六早上在你的收件箱中接收这篇文章。周日还可以在 Seeking Alpha、Apple Podcasts、Stitcher 和 Spotify 上观看股票播客（点击突出显示的链接）。</blockquote></p><p>Economic reports due out this week include the latest updates on existing home sales, new home sales, jobless claims and PMI. Big earnings reports blast in every day this week across sectors. Of note, the follow-up conference calls from Coca-Cola(NYSE:KO), Netflix(NASDAQ:NFLX)and Intel(NASDAQ:INTC)could be on the interesting side. On the vaccine front, the Centers for Disease Control and Prevention's Advisory Committee on Immunization Practices is expected to meet late this week to consider recommendations for Johnson &amp; Johnson's(NYSE:JNJ)shot, which has been linked to rare blood clots in the brain.</p><p><blockquote>本周将发布的经济报告包括成屋销售、新屋销售、申请失业救济人数和采购经理人指数的最新更新。本周，各行各业每天都有大型财报涌现。值得注意的是，可口可乐（纽约证券交易所股票代码：KO）、Netflix（纳斯达克股票代码：NFLX）和英特尔（纳斯达克股票代码：INTC）的后续会议评级可能会很有趣。在疫苗方面，疾病控制和预防中心免疫实践咨询委员会预计将于本周晚些时候召开会议，考虑强生公司（纽约证券交易所股票代码：JNJ）疫苗的建议，该疫苗与大脑中罕见的血栓有关。</blockquote></p><p><b>Earnings spotlight:</b>&nbsp;Earnings season heats up in a big way with reports due in from Coca-Cola (KO), IBM(NYSE:IBM)and United Airlines(NASDAQ:UAL)on April 19; Johnson &amp; Johnson (JNJ), Procter &amp; Gamble(NYSE:PG), Philip Morris International(NYSE:PM), Abbott Labs(NYSE:ABT)and Netflix (NFLX) on April 20; Anthem(NYSE:ANTM), Verizon(NYSE:VZ), Chipotle(NYSE:CMG)and Lam Research(NASDAQ:LRCX)on April 21; AT&amp;T(NYSE:T), Dow(NYSE:DOW), Intel (INTC), Seagate Tech(NASDAQ:STX)and Mattel(NASDAQ:MAT)on April 22; as well as American Express(NYSE:AXP)and Honeywell(NYSE:HON)on April 23.</p><p><blockquote><b>盈利聚焦：</b>随着可口可乐 (KO)、IBM(NYSE:IBM) 和联合航空 (NASDAQ:UAL) 将于 4 月 19 日发布报告，财报季大幅升温；4 月 20 日，强生公司 (JNJ)、宝洁公司 (NYSE:PG)、菲利普莫里斯国际公司 (NYSE:PM)、雅培实验室 (NYSE:ABT) 和 Netflix (NFLX)；4 月 21 日，Anthem（纽约证券交易所股票代码：ANTM）、Verizon（纽约证券交易所股票代码：VZ）、Chipotle（纽约证券交易所股票代码：CMG）和 Lam Research（纳斯达克股票代码：LRCX）；AT&amp;T(NYSE:T)、陶氏化学(NYSE:DOW)、英特尔(INTC)、希捷科技(NASDAQ:STX)和美泰(NASDAQ:MAT)于4月22日；以及 4 月 23 日的美国运通 (NYSE:AXP) 和霍尼韦尔 (NYSE:HON)。</blockquote></p><p><img src=\"https://static.tigerbbs.com/522c9bdad799a71c4e6bad965f9f00f3\" tg-width=\"1530\" tg-height=\"650\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>IPO watch:</b>&nbsp;IPOs expected to start trading during the week include UiPAth (PATH), DoubleVerify (DV) and NeuroPace (NPCE) on April 20, as well as Zymergern (ZY) and KnowBe4 (KNBE) on April 22. IPO lockup periods expire on Datto Holding(NYSE:MSP), Topaz Energy(NYSE:TPZ), McAfee(NASDAQ:MCFE), Guild Holdings(NYSE:GHLD), Foghorn Therapeutics(NASDAQ:FHTX)and ComSovereign Holding(NASDAQ:COMS). The analyst quiet period expires on ThredUp(NASDAQ:TDUP)on April 20 to free up analysts to post ratings. Shares of Trip.com(NASDAQ:TRIP)will begin trading in Hong Kong this week following a new listing.</p><p><blockquote><b>IPO观察：</b>预计本周开始交易的 IPO 包括 4 月 20 日的 UiPAth (PATH)、DoubleVerify (DV) 和 NeuroPace (NPCE)，以及 4 月 22 日的 Zymergern (ZY) 和 KnowBe4 (KNBE)。Datto Holding（纽约证券交易所股票代码：MSP）、Topaz Energy（纽约证券交易所股票代码：TPZ）、McAfee（纳斯达克股票代码：MCFE）、Guild Holdings（纽约证券交易所股票代码：GHLD）、Foghorn Therapeutics（纳斯达克股票代码：FHTX）和 ComSovereign Holding（纳斯达克股票代码：COMS）的 IPO 锁定期即将到期。ThredUp（纳斯达克股票代码：TDUP）的分析师安静期将于 4 月 20 日到期，以便分析师可以自由发布评级。Trip.com（纳斯达克股票代码：TRIP）在新上市后将于本周在香港开始交易。</blockquote></p><p><b>Apple event:</b>&nbsp;Apple(NASDAQ:AAPL)holds an event on April 20 called \"Spring Loaded\" to show off new products. Information out of Cupertino has been pretty tight, but the company could reveal new iPads, new iMacs, new AirPods, AirTags, a new Apple TV and possibly a new Apple Pencil.</p><p><blockquote><b>苹果事件：</b>苹果（纳斯达克股票代码：AAPL）将于 4 月 20 日举办名为“Spring Loaded”的活动，展示新产品。来自库比蒂诺的信息相当紧张，但该公司可能会发布新的iPad、新的iMac、新的AirPods、AirTags、新的苹果电视，可能还有新的苹果铅笔。</blockquote></p><p><b>Projected dividend increases (quarterly):</b>&nbsp;Expected dividend boosts for the week include Comfort Systems USA(NYSE:FIX)to $0.125 from $0.1115, HP Enterprise(NYSE:HPE)to $0.1275 from $0.12, Pool Corp(NASDAQ:POOL)to $0.61 from $0.58, Johnson &amp; Johnson to $1.06 from $1.01, Travelers(NYSE:TRV)to $0.88 from $0.85, Southern Company(NYSE:SO)to $0.66 from $0.64, Kinder Morgan(NYSE:KMI)to $0.27 from $0.2625 and Nasdaq(NASDAQ:NDAQ)to $0.50 from $0.49.</p><p><blockquote><b>预计股息增加（季度）：</b>本周预计股息上调包括 Comfort Systems USA (NYSE:FIX) 从 0.1115 美元上调至 0.125 美元，HP Enterprise (NYSE:HPE) 从 0.12 美元上调至 0.1275 美元，Pool Corp (NASDAQ:POOL) 从 0.58 美元上调至 0.61 美元，强生公司从 1.01 美元上调至 1.06 美元，Travelers (NYSE:TRV) 从 0.85 美元上调至 0.88 美元，南方公司 (NYSE:SO) 从 0.64 美元上调至 0.66 美元，金德摩根 (NYSE:KMI) 从 0.2625 美元上调至 0.27 美元，纳斯达克 (NASDAQ:NDAQ) 从 0.49 美元上调至 0.50 美元。</blockquote></p><p><b>M&amp;A tidbits:</b>&nbsp;The highly-anticipated Aphria(NASDAQ:APHA)-Tilray(NASDAQ:TLRY)merger is expected to close on April 20. The tender offer on the GenMark Diagnostics(NASDAQ:GNMK)-Roche(OTCQX:RHHBY)deal expires on April 21. GW Pharmaceuticals(NASDAQ:GWPH)shareholders vote on the Jazz Pharmaceuticals(NASDAQ:JAZZ)deal on April 23.</p><p><blockquote><b>并购花絮：</b>备受期待的 Aphria（纳斯达克股票代码：APHA）-Tilray（纳斯达克股票代码：TLRY）合并预计将于 4 月 20 日完成。GenMark Diagnostics（纳斯达克股票代码：GNMK）-罗氏（OTCQX：RHHBY）交易的要约收购将于 4 月 21 日到期。GW Pharmaceuticals（纳斯达克股票代码：GWPH）股东于 4 月 23 日对 Jazz Pharmaceuticals（纳斯达克股票代码：JAZZ）交易进行投票。</blockquote></p><p><b>ARK Invest watch:</b>&nbsp;Investors may want to keep an eye on Coinbase Global(NASDAQ:COIN)after ARK Invest came in Friday with a purchase of 19,599 shares for the ARK Fintech Innovation ETF(NYSEARCA:ARKF)and 112,539 shares for the ARK Innovation ETF(NYSEARCA:ARKK). Cathie Wood's firm also defended Silvergate(NYSE:SI)after its mid-week stumble likely in response to the Coinbase IPO. \"Investors potentially took profits to diversify their exposure to crypto in the public markets. \"In our view, the Silvergate Exchange Network, with its strong network effects, positions Silvergate as both a facilitator and a prime beneficiary of increased crypto adoption,\" ARK reasons.</p><p><blockquote><b>方舟投资观察：</b>ARK Invest 周五购买了 19,599 股 ARK Fintech Innovation ETF (NYSEARCA:ARKF) 和 112,539 股 ARK Innovation ETF (NYSEARCA:ARKF) 股票，投资者可能需要关注 Coinbase Global（纳斯达克股票代码：COIN） ETF (NYSEARCA:ARKK)。凯西·伍德 (Cathie Wood) 的公司也为 Silvergate (NYSE:SI) 辩护，此前该公司在周中可能因 Coinbase IPO 而遭遇挫折。“投资者可能会获利了结，以分散他们在公开市场上对加密货币的投资。 “在我们看来，Silvergate 交易所网络凭借其强大的网络效应，将 Silvergate 定位为加密货币采用增加的促进者和主要受益者，”ARK reasons。</blockquote></p><p><b>Corporate spotlight:</b>&nbsp;Major events this week include strategic updates from Advance Auto Parts(NYSE:AAP)and Royal Gold(NYSE:GOLD)on April 20, as well as investor days for Dye &amp; Durham(OTC:DYNDF)and SMART Global(NASDAQ:SGH). On April 21, MGM Resorts(NYSE:MGM)and Entain(OTCPK:GMVHF)along with their U.S. venture BetMGM will host a business update event for analysts and investors. The event will provide deeper insights into the rapidly growing U.S. sports betting and iGaming business of BetMGM. A new forecast on the industry's total addressable market could be a share price catalyst for DraftKings(NASDAQ:DKNG)and Penn National Gaming(NASDAQ:PENN)as well. Check outSeeking Alpha's Catalyst Watch for a detailed list of more events to watch.</p><p><blockquote><b>企业聚焦：</b>本周的重大事件包括 Advance Auto Parts (NYSE:AAP) 和 Royal Gold (NYSE:GOLD) 于 4 月 20 日发布的战略更新，以及 Dye &amp; Durham (OTC:DYNDF) 和 SMART Global (NASDAQ:SGH) 的投资者日。4 月 21 日，米高梅度假村 (NYSE:MGM) 和 Entain (OTCPK:GMVHF) 及其美国合资企业 BetMGM 将为分析师和投资者举办一场业务更新活动。该活动将为BetMGM快速增长的美国体育博彩和iGaming业务提供更深入的见解。对该行业总潜在市场的新预测也可能成为 DraftKings（纳斯达克股票代码：DKNG）和 Penn National Gaming（纳斯达克股票代码：PENN）的股价催化剂。查看outSeeking Alpha的Catalyst Watch，了解更多值得关注的事件的详细列表。</blockquote></p><p></p><p><b>Conferences rundown:</b>&nbsp;Notable conferences running during the week include the H.C Wainwright Spring Mining Conference, Linley Spring Processor Conference 2021, the Kempen Life Sciences Conference, the Jefferies Microbiome-based Therapeutics Summit 2021 and the Stifel GMP &amp; Stifel First Energy Canada Cross Sector Insight Conference 2021. Check outSeeking Alpha's Catalyst Watch for a detailed list of events to watch.</p><p><blockquote><b>会议纲要：</b>本周举行的著名会议包括 H.C Wainwright Spring Mining Conference、Linley Spring Processor Conference 2021、Kempen Life Sciences Conference、Jefferies Microbiome Therapeutics Summit 2021 和 Stifel GMP &amp; Stifel First Energy Canada 2021 跨部门洞察会议。查看outSeeking Alpha的Catalyst Watch，了解要观看的事件的详细列表。</blockquote></p><p><b>Barron's mentions:</b>&nbsp;Disney(NYSE:DIS)makes the cover of Barron's this week as the media giant is given credit for positioning itself for post-COVID growth. Disney is said to have come out ahead after CEO Bob Chapek and team faced the severest of financial stress tests. \"When parks and theaters emptied out a year ago, costs kept rolling in, and the fastest-growing part of the business, streaming, was consuming cash—as it still is. Yet, Disney generated $3.6 billion in free cash during its fiscal year ended last September. It’s seen producing $3.3 billion this year before the numbers begin a sharp rebound,\" notes Jack Hough. While the movie business is still sputtering to restart and the TV business is seen holding steady at best, streaming results have shattered forecasts. Disney+ smashed expectations in piling up 100M in less than 18 months, compared to the 10 years it took Netflix to hit that level. Disney is targeting 300M to 350M subscribers by 2024 across all of its streaming platforms, including Hulu, ESPN+, Hotstar in India, and Star+ in Latin America (launches in June). PetIQ(NASDAQ:PETQ)and O'Reilly Automotive(NASDAQ:ORLY)also land favorable write-ups this week.</p><p><blockquote><b>《巴伦周刊》提到：</b>迪士尼（纽约证券交易所股票代码：DIS）本周登上了《巴伦周刊》的封面，这家媒体巨头因其为新冠疫情后的增长定位而受到赞扬。据说，在首席执行官鲍勃·查佩克和团队面临最严重的财务压力测试后，迪士尼站了出来。“一年前，当公园和影院空无一人时，成本不断增加，而增长最快的业务--流媒体--正在消耗现金--现在仍然如此。然而，在截至去年 9 月的财年中，迪士尼却产生了 36 亿美元的自由现金。在数字开始大幅反弹之前，迪士尼今年将产生 33 亿美元的自由现金，”杰克-霍夫（Jack Hough）指出。虽然电影业务仍在努力重启，电视业务充其量保持稳定，但流媒体业绩打破了预测。Disney+在不到18个月的时间里积累了1亿，打破了预期，而Netflix用了10年才达到这一水平。迪士尼的目标是到 2024 年在其所有流媒体平台上拥有 3 亿至 3.5 亿用户，包括 Hulu、ESPN+、印度的 Hotstar 和拉丁美洲的 Star+（6 月推出）。PetIQ（纳斯达克股票代码：PETQ）和 O'Reilly Automotive（纳斯达克股票代码：ORLY）本周也获得了有利的报道。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4419571-stocks-to-watch-apple-event-disney-callout-and-earnings-blitz\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"https://seekingalpha.com/article/4419571-stocks-to-watch-apple-event-disney-callout-and-earnings-blitz","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162662309","content_text":"Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the this week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning. A podcast of Stocks to Watch is also available on Sundays onSeeking Alpha,Apple Podcasts,StitcherandSpotify(click the highlighted links).Economic reports due out this week include the latest updates on existing home sales, new home sales, jobless claims and PMI. Big earnings reports blast in every day this week across sectors. Of note, the follow-up conference calls from Coca-Cola(NYSE:KO), Netflix(NASDAQ:NFLX)and Intel(NASDAQ:INTC)could be on the interesting side. On the vaccine front, the Centers for Disease Control and Prevention's Advisory Committee on Immunization Practices is expected to meet late this week to consider recommendations for Johnson & Johnson's(NYSE:JNJ)shot, which has been linked to rare blood clots in the brain.Earnings spotlight: Earnings season heats up in a big way with reports due in from Coca-Cola (KO), IBM(NYSE:IBM)and United Airlines(NASDAQ:UAL)on April 19; Johnson & Johnson (JNJ), Procter & Gamble(NYSE:PG), Philip Morris International(NYSE:PM), Abbott Labs(NYSE:ABT)and Netflix (NFLX) on April 20; Anthem(NYSE:ANTM), Verizon(NYSE:VZ), Chipotle(NYSE:CMG)and Lam Research(NASDAQ:LRCX)on April 21; AT&T(NYSE:T), Dow(NYSE:DOW), Intel (INTC), Seagate Tech(NASDAQ:STX)and Mattel(NASDAQ:MAT)on April 22; as well as American Express(NYSE:AXP)and Honeywell(NYSE:HON)on April 23.IPO watch: IPOs expected to start trading during the week include UiPAth (PATH), DoubleVerify (DV) and NeuroPace (NPCE) on April 20, as well as Zymergern (ZY) and KnowBe4 (KNBE) on April 22. IPO lockup periods expire on Datto Holding(NYSE:MSP), Topaz Energy(NYSE:TPZ), McAfee(NASDAQ:MCFE), Guild Holdings(NYSE:GHLD), Foghorn Therapeutics(NASDAQ:FHTX)and ComSovereign Holding(NASDAQ:COMS). The analyst quiet period expires on ThredUp(NASDAQ:TDUP)on April 20 to free up analysts to post ratings. Shares of Trip.com(NASDAQ:TRIP)will begin trading in Hong Kong this week following a new listing.Apple event: Apple(NASDAQ:AAPL)holds an event on April 20 called \"Spring Loaded\" to show off new products. Information out of Cupertino has been pretty tight, but the company could reveal new iPads, new iMacs, new AirPods, AirTags, a new Apple TV and possibly a new Apple Pencil.Projected dividend increases (quarterly): Expected dividend boosts for the week include Comfort Systems USA(NYSE:FIX)to $0.125 from $0.1115, HP Enterprise(NYSE:HPE)to $0.1275 from $0.12, Pool Corp(NASDAQ:POOL)to $0.61 from $0.58, Johnson & Johnson to $1.06 from $1.01, Travelers(NYSE:TRV)to $0.88 from $0.85, Southern Company(NYSE:SO)to $0.66 from $0.64, Kinder Morgan(NYSE:KMI)to $0.27 from $0.2625 and Nasdaq(NASDAQ:NDAQ)to $0.50 from $0.49.M&A tidbits: The highly-anticipated Aphria(NASDAQ:APHA)-Tilray(NASDAQ:TLRY)merger is expected to close on April 20. The tender offer on the GenMark Diagnostics(NASDAQ:GNMK)-Roche(OTCQX:RHHBY)deal expires on April 21. GW Pharmaceuticals(NASDAQ:GWPH)shareholders vote on the Jazz Pharmaceuticals(NASDAQ:JAZZ)deal on April 23.ARK Invest watch: Investors may want to keep an eye on Coinbase Global(NASDAQ:COIN)after ARK Invest came in Friday with a purchase of 19,599 shares for the ARK Fintech Innovation ETF(NYSEARCA:ARKF)and 112,539 shares for the ARK Innovation ETF(NYSEARCA:ARKK). Cathie Wood's firm also defended Silvergate(NYSE:SI)after its mid-week stumble likely in response to the Coinbase IPO. \"Investors potentially took profits to diversify their exposure to crypto in the public markets. \"In our view, the Silvergate Exchange Network, with its strong network effects, positions Silvergate as both a facilitator and a prime beneficiary of increased crypto adoption,\" ARK reasons.Corporate spotlight: Major events this week include strategic updates from Advance Auto Parts(NYSE:AAP)and Royal Gold(NYSE:GOLD)on April 20, as well as investor days for Dye & Durham(OTC:DYNDF)and SMART Global(NASDAQ:SGH). On April 21, MGM Resorts(NYSE:MGM)and Entain(OTCPK:GMVHF)along with their U.S. venture BetMGM will host a business update event for analysts and investors. The event will provide deeper insights into the rapidly growing U.S. sports betting and iGaming business of BetMGM. A new forecast on the industry's total addressable market could be a share price catalyst for DraftKings(NASDAQ:DKNG)and Penn National Gaming(NASDAQ:PENN)as well. Check outSeeking Alpha's Catalyst Watch for a detailed list of more events to watch.Conferences rundown: Notable conferences running during the week include the H.C Wainwright Spring Mining Conference, Linley Spring Processor Conference 2021, the Kempen Life Sciences Conference, the Jefferies Microbiome-based Therapeutics Summit 2021 and the Stifel GMP & Stifel First Energy Canada Cross Sector Insight Conference 2021. Check outSeeking Alpha's Catalyst Watch for a detailed list of events to watch.Barron's mentions: Disney(NYSE:DIS)makes the cover of Barron's this week as the media giant is given credit for positioning itself for post-COVID growth. Disney is said to have come out ahead after CEO Bob Chapek and team faced the severest of financial stress tests. \"When parks and theaters emptied out a year ago, costs kept rolling in, and the fastest-growing part of the business, streaming, was consuming cash—as it still is. Yet, Disney generated $3.6 billion in free cash during its fiscal year ended last September. It’s seen producing $3.3 billion this year before the numbers begin a sharp rebound,\" notes Jack Hough. While the movie business is still sputtering to restart and the TV business is seen holding steady at best, streaming results have shattered forecasts. Disney+ smashed expectations in piling up 100M in less than 18 months, compared to the 10 years it took Netflix to hit that level. Disney is targeting 300M to 350M subscribers by 2024 across all of its streaming platforms, including Hulu, ESPN+, Hotstar in India, and Star+ in Latin America (launches in June). PetIQ(NASDAQ:PETQ)and O'Reilly Automotive(NASDAQ:ORLY)also land favorable write-ups this week.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,"SPY":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2780,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341295769,"gmtCreate":1617817534951,"gmtModify":1634296336474,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","htmlText":"Ahshdhwgedg","listText":"Ahshdhwgedg","text":"Ahshdhwgedg","images":[{"img":"https://static.tigerbbs.com/2d0228cd163cf61b62f602179992593c","width":"1080","height":"2728"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/341295769","isVote":1,"tweetType":1,"viewCount":2521,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":343289914,"gmtCreate":1617718743138,"gmtModify":1634296932402,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","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":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/343289914","repostId":"1101907559","repostType":4,"repost":{"id":"1101907559","kind":"news","pubTimestamp":1617672655,"share":"https://www.laohunote.com/m/news/1101907559?lang=zh_CN&edition=full","pubTime":"2021-04-06 09:30","market":"us","language":"en","title":"Opinion: Financial crises get triggered about every 10 years — Archegos might be right on time<blockquote>观点：金融危机大约每 10 年就会引发一次——Archegos 可能是对的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1101907559","media":"marketwatch","summary":"No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.Financial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management. Its reach and operating practices were","content":"<p>  <b>No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.</b>  Financial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.</p><p><blockquote><b>目前，没有人能确定所谓家族办公室数十亿美元的投资损失不会蔓延。</b>金融危机永远不会完全相同。20 世纪 80 年代末，全国近三分之一的储蓄和贷款协会倒闭，最终纳税人获得了约 2650 亿美元的救助（按 2021 年计算）。</blockquote></p><p> In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management(LTCM). Its reach and operating practices were such that Federal Reserve Chairman Alan Greenspan said that when LTCM failed, “he had never seen anything in his lifetime that compared to the terror” he felt. LTCM was deemed “too big to fail,” and he engineered a bailout by 14 major U.S. financial institutions.</p><p><blockquote>1997-1998年，亚洲和俄罗斯的金融危机导致美国最大的对冲基金——长期资本管理公司（LTCM）几近崩溃。它的影响力和运作方式如此之大，以至于美联储主席艾伦-格林斯潘（Alan Greenspan）说，当 LTCM 失败时，“他一生中从未见过任何能与他感受到的恐怖相提并论的东西”。LTCM 被认为 “大到不能倒”，他策划了 14 家美国主要金融机构的救助计划。</blockquote></p><p> Exactly a decade later, too much leverage by some of those very institutions, and the bursting of a U.S. real estate bubble, led to the near collapse of the U.S. financial system. Once again, big banks were deemed too big to fail and taxpayers came to the rescue.</p><p><blockquote>整整十年后，其中一些机构过度使用杠杆，以及美国房地产泡沫的破裂，导致美国金融体系几近崩溃。大银行又一次被认为太大而不能倒，纳税人出手相救。</blockquote></p><p> The trend? Every 10 years or so, and they all look different.&nbsp;Are we in the early stages of a new crisis now, with the blowup at the family office Archegos Capital Management LP?</p><p><blockquote>趋势？每隔10年左右，它们看起来都不一样。随着家族办公室Archegos Capital Management LP的爆炸，我们现在是否正处于新危机的早期阶段？</blockquote></p><p> A family office, for the uninitiated, is a private wealth management vehicle for the ultra-wealthy. Here’s what I mean by ultra-wealthy: Consulting firm EY estimates there are some 10,000 family offices globally, but manage, says a separate estimate by market research firm Campden Research, nearly $6 trillion. That $6 trillion is likely far higher now given that it’s based on 2019 data.</p><p><blockquote>对于门外汉来说，家族办公室是超级富豪的私人财富管理工具。这就是我所说的超级富豪的意思： 咨询公司安永估计，全球约有 10,000 家家族理财室，但市场研究公司坎普登研究公司（Campden Research）的另一项估计显示，管理规模接近 6 万亿美元。鉴于 2019 年的数据，这 6 万亿美元现在可能要高得多。</blockquote></p><p> <b>Unregulated money managers</b></p><p><blockquote><b>不受监管的资金管理人</b></blockquote></p><p> Here’s the potential danger. Family offices generally aren’t regulated. The 1940 Investment Advisers Act says firms with 15 clients or fewer don’t have to register with the Securities and Exchange Commission. What this means is that trillions of dollars are in play and no one can really say who’s running the money, what it’s invested in, how much leverage is being used, and what kind of counterparty risk may exist. (Counterparty risk is the probability that one party involved in a financial transaction could default on a contractual obligation to someone else.)</p><p><blockquote>这就是潜在的危险。家族理财室一般不受监管。1940 年的《投资顾问法》规定，拥有 15 家或以下客户的公司无需向美国证券交易委员会注册。这意味着数万亿美元在起作用，没有人能真正说出谁在管理这笔钱，投资了什么，使用了多少杠杆，以及可能存在什么样的交易对手风险。（交易对手风险是指参与金融交易的一方可能违反对另一方的合同义务的概率。）</blockquote></p><p> This appears to be the case with Archegos. The firm bet heavily on certain Chinese stocks, including e-commerce player&nbsp;Vipshop Holdings&nbsp;Ltd.VIPS,-1.19%,U.S.-listed Chinese tutoring company&nbsp;GSX Techedu&nbsp;Inc.GSX,-10.63%and U.S. media companiesViacomCBS&nbsp;Inc.VIAC,-3.90%and&nbsp;Discovery&nbsp;Inc.DISCA,-3.86%,among others. Share prices have tumbled lately, sparking large sales — some $30 billion — by Archegos.</p><p><blockquote>Archegos似乎就是这种情况。该公司大力押注某些中国股票，包括电子商务公司唯品会控股有限公司（Vipshop Holdings Ltd.VIPS），-1.19%，美国上市中国辅导公司跟谁学公司（GSX），-10.63%，以及美国媒体公司ViacomCBS Inc.VIAC，-3.90%和Discovery Inc.DISCA，-3.86%等。股价最近暴跌，引发了 Archegos 的大规模出售——约 300 亿美元。</blockquote></p><p> The problem is that only about a third of that, or $10 billion, was its own money. We now know that Archegos worked with some of the biggest names on Wall Street, including&nbsp;Credit Suisse Group AGCS,+1.59%,UBS Group AGUBS,+1.01%,Goldman Sachs Group Inc.GS,-1.25%,&nbsp;Morgan StanleyMS,-0.28%,Deutsche Bank AGDB,+0.74%and Nomura Holdings Inc.&nbsp;NMR,+1.87%.</p><p><blockquote>问题是，其中只有大约三分之一，即100亿美元，是它自己的钱。我们现在知道 Archegos 与华尔街的一些大公司合作，包括瑞士信贷集团 AGCS（+1.59%）、瑞银集团 AGUBS（+1.01%）、高盛集团 GS（-1.25%）、摩根士丹利 MS（-0.28%）、德意志银行 AGDB，+0.74% 和野村控股公司 NMR，+1.87%。</blockquote></p><p> But since family offices are largely allowed to operate unregulated, who’s to say how much money is really involved here and what the extent of market risk is? My colleague Mark DeCambre&nbsp;reported last week that Archegos’ true exposures to bad trades could actuallybe closer to $100 billion.</p><p><blockquote>但是，由于家族理财室在很大程度上被允许不受监管地运营，谁能说出这里到底涉及多少钱，市场风险有多大？我的同事马克-德坎布雷（Mark DeCambre）上周报道称，Archegos 的真实不良交易风险实际上可能接近 1000 亿美元。</blockquote></p><p> <b>Danger of counterparty risk</b></p><p><blockquote><b>交易对手风险</b></blockquote></p><p> This is where counterparty risk comes in. As Archegos’ bets went south, the above banks — looking at losses of their own — hit the firm with margin calls. Deutsche quickly dumped about $4 billion in holdings, while Goldman and Morgan Stanley are also said to have unwound their positions, perhaps limiting their downside.</p><p><blockquote>这就是交易对手风险的来源。随着 Archegos 的赌注走向南方，上述银行--考虑到自己的损失--用保证金评级打击了该公司。德意志银行很快抛售了约 40 亿美元的持股，而据说高盛和摩根士丹利也已解除头寸，这或许限制了它们的下行空间。</blockquote></p><p> So is this a financial crisis? It doesn’t appear to be. Even so, the Securities and Exchange Commission has opened a preliminary investigation into Archegos and its founder, Bill Hwang.</p><p><blockquote>那么这是金融危机吗？似乎并非如此。即便如此，美国证券交易委员会已对 Archegos 及其创始人 Bill Hwang 展开初步调查。</blockquote></p><p> One peer, Tom Lee, the research chief of Fundstrat Global Advisors, calls Hwang one of the “top 10 of the best investment minds” he knows.</p><p><blockquote>一位同行，Fundstrat Global Advisors 的研究主管 Tom Lee，将评级-黄（John Hwang）列为他所知道的 “十大最佳投资头脑 ”之一。</blockquote></p><p> But federal regulators may have a lesser opinion. In 2012, Hwang’s former hedge fund, Tiger Asia Management, pleaded guilty and paid more than $60 million in penalties after it was accused of trading on illegal tips about Chinese banks. The SEC banned Hwang from managing money on behalf of clients — essentially booting him from the hedge fund industry. So Hwang opened Archegos, and again, family offices aren’t generally aren’t regulated.</p><p><blockquote>但联邦监管机构的意见可能较少。2012 年，黄的前对冲基金老虎亚洲管理公司（Tiger Asia Management）被指控利用有关中国银行的非法线索进行交易，认罪并支付了 6000 多万美元的罚款。美国证券交易委员会禁止黄代表客户管理资金——实质上将他逐出了对冲基金行业。于是 Hwang 开了 Archegos，再说一遍，家族办公室一般都不受监管。</blockquote></p><p> <b>Yellen on the case</b></p><p><blockquote><b>耶伦谈此案</b></blockquote></p><p> This issue is on Treasury Secretary Janet Yellen’s radar. She said last week that greater oversight of these private corners of the financial industry is needed. The Financial Stability Oversight Council (FSOC), which she oversees, has revived a task force to help agencies better “share data, identify risks and work to strengthen our financial system.”</p><p><blockquote>这个问题引起了财政部长珍妮特-耶伦（Janet Yellen）的关注。她上周表示，需要对金融业的这些私人角落进行更严格的监管。她监管的金融稳定监督委员会（FSOC）重新启动了一个特别工作组，以帮助各机构更好地 “共享数据、识别风险并努力加强我们的金融体系”。</blockquote></p><p></p><p> Most financial crises end up with American taxpayers getting stuck with the tab. Gains belong to the risk-takers. But losses — they belong to us. To paraphrase Abe Lincoln, family offices — a multi-trillion dollar industry largely allowed to operate in the shadows in a global financial system that is more intertwined than ever — are of the super-wealthy, by the super-wealthy and for the super-wealthy. And no one else.</p><p><blockquote>大多数金融危机最终都是美国纳税人陷入困境。收益属于冒险者。但是损失——它们属于我们。套用亚伯·林肯的话来说，家族理财室——一个价值数万亿美元的行业，在很大程度上被允许在比以往任何时候都更加错综复杂的全球金融体系的阴影中运作——属于超级富豪，由超级富豪拥有，为超级富豪服务。没有其他人。</blockquote></p><p> The Archegos collapse may or may not be the beginning of yet another financial crisis. But who’s to say what thousands of other family offices are doing with their trillions, and whether similar problems could blow up?</p><p><blockquote>Archegos的崩溃可能是也可能不是另一场金融危机的开始。但是，谁能说成千上万的其他家族理财室如何处理他们的数万亿美元，以及类似的问题是否会爆发？</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>Opinion: Financial crises get triggered about every 10 years — Archegos might be right on time<blockquote>观点：金融危机大约每 10 年就会引发一次——Archegos 可能是对的</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\">\nOpinion: Financial crises get triggered about every 10 years — Archegos might be right on time<blockquote>观点：金融危机大约每 10 年就会引发一次——Archegos 可能是对的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">marketwatch</strong><span class=\"h-time small\">2021-04-06 09:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.</b>  Financial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.</p><p><blockquote><b>目前，没有人能确定所谓家族办公室数十亿美元的投资损失不会蔓延。</b>金融危机永远不会完全相同。20 世纪 80 年代末，全国近三分之一的储蓄和贷款协会倒闭，最终纳税人获得了约 2650 亿美元的救助（按 2021 年计算）。</blockquote></p><p> In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management(LTCM). Its reach and operating practices were such that Federal Reserve Chairman Alan Greenspan said that when LTCM failed, “he had never seen anything in his lifetime that compared to the terror” he felt. LTCM was deemed “too big to fail,” and he engineered a bailout by 14 major U.S. financial institutions.</p><p><blockquote>1997-1998年，亚洲和俄罗斯的金融危机导致美国最大的对冲基金——长期资本管理公司（LTCM）几近崩溃。它的影响力和运作方式如此之大，以至于美联储主席艾伦-格林斯潘（Alan Greenspan）说，当 LTCM 失败时，“他一生中从未见过任何能与他感受到的恐怖相提并论的东西”。LTCM 被认为 “大到不能倒”，他策划了 14 家美国主要金融机构的救助计划。</blockquote></p><p> Exactly a decade later, too much leverage by some of those very institutions, and the bursting of a U.S. real estate bubble, led to the near collapse of the U.S. financial system. Once again, big banks were deemed too big to fail and taxpayers came to the rescue.</p><p><blockquote>整整十年后，其中一些机构过度使用杠杆，以及美国房地产泡沫的破裂，导致美国金融体系几近崩溃。大银行又一次被认为太大而不能倒，纳税人出手相救。</blockquote></p><p> The trend? Every 10 years or so, and they all look different.&nbsp;Are we in the early stages of a new crisis now, with the blowup at the family office Archegos Capital Management LP?</p><p><blockquote>趋势？每隔10年左右，它们看起来都不一样。随着家族办公室Archegos Capital Management LP的爆炸，我们现在是否正处于新危机的早期阶段？</blockquote></p><p> A family office, for the uninitiated, is a private wealth management vehicle for the ultra-wealthy. Here’s what I mean by ultra-wealthy: Consulting firm EY estimates there are some 10,000 family offices globally, but manage, says a separate estimate by market research firm Campden Research, nearly $6 trillion. That $6 trillion is likely far higher now given that it’s based on 2019 data.</p><p><blockquote>对于门外汉来说，家族办公室是超级富豪的私人财富管理工具。这就是我所说的超级富豪的意思： 咨询公司安永估计，全球约有 10,000 家家族理财室，但市场研究公司坎普登研究公司（Campden Research）的另一项估计显示，管理规模接近 6 万亿美元。鉴于 2019 年的数据，这 6 万亿美元现在可能要高得多。</blockquote></p><p> <b>Unregulated money managers</b></p><p><blockquote><b>不受监管的资金管理人</b></blockquote></p><p> Here’s the potential danger. Family offices generally aren’t regulated. The 1940 Investment Advisers Act says firms with 15 clients or fewer don’t have to register with the Securities and Exchange Commission. What this means is that trillions of dollars are in play and no one can really say who’s running the money, what it’s invested in, how much leverage is being used, and what kind of counterparty risk may exist. (Counterparty risk is the probability that one party involved in a financial transaction could default on a contractual obligation to someone else.)</p><p><blockquote>这就是潜在的危险。家族理财室一般不受监管。1940 年的《投资顾问法》规定，拥有 15 家或以下客户的公司无需向美国证券交易委员会注册。这意味着数万亿美元在起作用，没有人能真正说出谁在管理这笔钱，投资了什么，使用了多少杠杆，以及可能存在什么样的交易对手风险。（交易对手风险是指参与金融交易的一方可能违反对另一方的合同义务的概率。）</blockquote></p><p> This appears to be the case with Archegos. The firm bet heavily on certain Chinese stocks, including e-commerce player&nbsp;Vipshop Holdings&nbsp;Ltd.VIPS,-1.19%,U.S.-listed Chinese tutoring company&nbsp;GSX Techedu&nbsp;Inc.GSX,-10.63%and U.S. media companiesViacomCBS&nbsp;Inc.VIAC,-3.90%and&nbsp;Discovery&nbsp;Inc.DISCA,-3.86%,among others. Share prices have tumbled lately, sparking large sales — some $30 billion — by Archegos.</p><p><blockquote>Archegos似乎就是这种情况。该公司大力押注某些中国股票，包括电子商务公司唯品会控股有限公司（Vipshop Holdings Ltd.VIPS），-1.19%，美国上市中国辅导公司跟谁学公司（GSX），-10.63%，以及美国媒体公司ViacomCBS Inc.VIAC，-3.90%和Discovery Inc.DISCA，-3.86%等。股价最近暴跌，引发了 Archegos 的大规模出售——约 300 亿美元。</blockquote></p><p> The problem is that only about a third of that, or $10 billion, was its own money. We now know that Archegos worked with some of the biggest names on Wall Street, including&nbsp;Credit Suisse Group AGCS,+1.59%,UBS Group AGUBS,+1.01%,Goldman Sachs Group Inc.GS,-1.25%,&nbsp;Morgan StanleyMS,-0.28%,Deutsche Bank AGDB,+0.74%and Nomura Holdings Inc.&nbsp;NMR,+1.87%.</p><p><blockquote>问题是，其中只有大约三分之一，即100亿美元，是它自己的钱。我们现在知道 Archegos 与华尔街的一些大公司合作，包括瑞士信贷集团 AGCS（+1.59%）、瑞银集团 AGUBS（+1.01%）、高盛集团 GS（-1.25%）、摩根士丹利 MS（-0.28%）、德意志银行 AGDB，+0.74% 和野村控股公司 NMR，+1.87%。</blockquote></p><p> But since family offices are largely allowed to operate unregulated, who’s to say how much money is really involved here and what the extent of market risk is? My colleague Mark DeCambre&nbsp;reported last week that Archegos’ true exposures to bad trades could actuallybe closer to $100 billion.</p><p><blockquote>但是，由于家族理财室在很大程度上被允许不受监管地运营，谁能说出这里到底涉及多少钱，市场风险有多大？我的同事马克-德坎布雷（Mark DeCambre）上周报道称，Archegos 的真实不良交易风险实际上可能接近 1000 亿美元。</blockquote></p><p> <b>Danger of counterparty risk</b></p><p><blockquote><b>交易对手风险</b></blockquote></p><p> This is where counterparty risk comes in. As Archegos’ bets went south, the above banks — looking at losses of their own — hit the firm with margin calls. Deutsche quickly dumped about $4 billion in holdings, while Goldman and Morgan Stanley are also said to have unwound their positions, perhaps limiting their downside.</p><p><blockquote>这就是交易对手风险的来源。随着 Archegos 的赌注走向南方，上述银行--考虑到自己的损失--用保证金评级打击了该公司。德意志银行很快抛售了约 40 亿美元的持股，而据说高盛和摩根士丹利也已解除头寸，这或许限制了它们的下行空间。</blockquote></p><p> So is this a financial crisis? It doesn’t appear to be. Even so, the Securities and Exchange Commission has opened a preliminary investigation into Archegos and its founder, Bill Hwang.</p><p><blockquote>那么这是金融危机吗？似乎并非如此。即便如此，美国证券交易委员会已对 Archegos 及其创始人 Bill Hwang 展开初步调查。</blockquote></p><p> One peer, Tom Lee, the research chief of Fundstrat Global Advisors, calls Hwang one of the “top 10 of the best investment minds” he knows.</p><p><blockquote>一位同行，Fundstrat Global Advisors 的研究主管 Tom Lee，将评级-黄（John Hwang）列为他所知道的 “十大最佳投资头脑 ”之一。</blockquote></p><p> But federal regulators may have a lesser opinion. In 2012, Hwang’s former hedge fund, Tiger Asia Management, pleaded guilty and paid more than $60 million in penalties after it was accused of trading on illegal tips about Chinese banks. The SEC banned Hwang from managing money on behalf of clients — essentially booting him from the hedge fund industry. So Hwang opened Archegos, and again, family offices aren’t generally aren’t regulated.</p><p><blockquote>但联邦监管机构的意见可能较少。2012 年，黄的前对冲基金老虎亚洲管理公司（Tiger Asia Management）被指控利用有关中国银行的非法线索进行交易，认罪并支付了 6000 多万美元的罚款。美国证券交易委员会禁止黄代表客户管理资金——实质上将他逐出了对冲基金行业。于是 Hwang 开了 Archegos，再说一遍，家族办公室一般都不受监管。</blockquote></p><p> <b>Yellen on the case</b></p><p><blockquote><b>耶伦谈此案</b></blockquote></p><p> This issue is on Treasury Secretary Janet Yellen’s radar. She said last week that greater oversight of these private corners of the financial industry is needed. The Financial Stability Oversight Council (FSOC), which she oversees, has revived a task force to help agencies better “share data, identify risks and work to strengthen our financial system.”</p><p><blockquote>这个问题引起了财政部长珍妮特-耶伦（Janet Yellen）的关注。她上周表示，需要对金融业的这些私人角落进行更严格的监管。她监管的金融稳定监督委员会（FSOC）重新启动了一个特别工作组，以帮助各机构更好地 “共享数据、识别风险并努力加强我们的金融体系”。</blockquote></p><p></p><p> Most financial crises end up with American taxpayers getting stuck with the tab. Gains belong to the risk-takers. But losses — they belong to us. To paraphrase Abe Lincoln, family offices — a multi-trillion dollar industry largely allowed to operate in the shadows in a global financial system that is more intertwined than ever — are of the super-wealthy, by the super-wealthy and for the super-wealthy. And no one else.</p><p><blockquote>大多数金融危机最终都是美国纳税人陷入困境。收益属于冒险者。但是损失——它们属于我们。套用亚伯·林肯的话来说，家族理财室——一个价值数万亿美元的行业，在很大程度上被允许在比以往任何时候都更加错综复杂的全球金融体系的阴影中运作——属于超级富豪，由超级富豪拥有，为超级富豪服务。没有其他人。</blockquote></p><p> The Archegos collapse may or may not be the beginning of yet another financial crisis. But who’s to say what thousands of other family offices are doing with their trillions, and whether similar problems could blow up?</p><p><blockquote>Archegos的崩溃可能是也可能不是另一场金融危机的开始。但是，谁能说成千上万的其他家族理财室如何处理他们的数万亿美元，以及类似的问题是否会爆发？</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/financial-crises-happen-about-every-10-years-which-makes-the-archegos-meltdown-unnerving-11617634942?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":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF"},"source_url":"https://www.marketwatch.com/story/financial-crises-happen-about-every-10-years-which-makes-the-archegos-meltdown-unnerving-11617634942?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101907559","content_text":"No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.\n\nFinancial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.\nIn 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management(LTCM). Its reach and operating practices were such that Federal Reserve Chairman Alan Greenspan said that when LTCM failed, “he had never seen anything in his lifetime that compared to the terror” he felt. LTCM was deemed “too big to fail,” and he engineered a bailout by 14 major U.S. financial institutions.\nExactly a decade later, too much leverage by some of those very institutions, and the bursting of a U.S. real estate bubble, led to the near collapse of the U.S. financial system. Once again, big banks were deemed too big to fail and taxpayers came to the rescue.\nThe trend? Every 10 years or so, and they all look different. Are we in the early stages of a new crisis now, with the blowup at the family office Archegos Capital Management LP?\nA family office, for the uninitiated, is a private wealth management vehicle for the ultra-wealthy. Here’s what I mean by ultra-wealthy: Consulting firm EY estimates there are some 10,000 family offices globally, but manage, says a separate estimate by market research firm Campden Research, nearly $6 trillion. That $6 trillion is likely far higher now given that it’s based on 2019 data.\nUnregulated money managers\nHere’s the potential danger. Family offices generally aren’t regulated. The 1940 Investment Advisers Act says firms with 15 clients or fewer don’t have to register with the Securities and Exchange Commission. What this means is that trillions of dollars are in play and no one can really say who’s running the money, what it’s invested in, how much leverage is being used, and what kind of counterparty risk may exist. (Counterparty risk is the probability that one party involved in a financial transaction could default on a contractual obligation to someone else.)\nThis appears to be the case with Archegos. The firm bet heavily on certain Chinese stocks, including e-commerce player Vipshop Holdings Ltd.VIPS,-1.19%,U.S.-listed Chinese tutoring company GSX Techedu Inc.GSX,-10.63%and U.S. media companiesViacomCBS Inc.VIAC,-3.90%and Discovery Inc.DISCA,-3.86%,among others. Share prices have tumbled lately, sparking large sales — some $30 billion — by Archegos.\nThe problem is that only about a third of that, or $10 billion, was its own money. We now know that Archegos worked with some of the biggest names on Wall Street, including Credit Suisse Group AGCS,+1.59%,UBS Group AGUBS,+1.01%,Goldman Sachs Group Inc.GS,-1.25%, Morgan StanleyMS,-0.28%,Deutsche Bank AGDB,+0.74%and Nomura Holdings Inc. NMR,+1.87%.\nBut since family offices are largely allowed to operate unregulated, who’s to say how much money is really involved here and what the extent of market risk is? My colleague Mark DeCambre reported last week that Archegos’ true exposures to bad trades could actuallybe closer to $100 billion.\nDanger of counterparty risk\nThis is where counterparty risk comes in. As Archegos’ bets went south, the above banks — looking at losses of their own — hit the firm with margin calls. Deutsche quickly dumped about $4 billion in holdings, while Goldman and Morgan Stanley are also said to have unwound their positions, perhaps limiting their downside.\nSo is this a financial crisis? It doesn’t appear to be. Even so, the Securities and Exchange Commission has opened a preliminary investigation into Archegos and its founder, Bill Hwang.\nOne peer, Tom Lee, the research chief of Fundstrat Global Advisors, calls Hwang one of the “top 10 of the best investment minds” he knows.\nBut federal regulators may have a lesser opinion. In 2012, Hwang’s former hedge fund, Tiger Asia Management, pleaded guilty and paid more than $60 million in penalties after it was accused of trading on illegal tips about Chinese banks. The SEC banned Hwang from managing money on behalf of clients — essentially booting him from the hedge fund industry. So Hwang opened Archegos, and again, family offices aren’t generally aren’t regulated.\nYellen on the case\nThis issue is on Treasury Secretary Janet Yellen’s radar. She said last week that greater oversight of these private corners of the financial industry is needed. The Financial Stability Oversight Council (FSOC), which she oversees, has revived a task force to help agencies better “share data, identify risks and work to strengthen our financial system.”\nMost financial crises end up with American taxpayers getting stuck with the tab. Gains belong to the risk-takers. But losses — they belong to us. To paraphrase Abe Lincoln, family offices — a multi-trillion dollar industry largely allowed to operate in the shadows in a global financial system that is more intertwined than ever — are of the super-wealthy, by the super-wealthy and for the super-wealthy. And no one else.\nThe Archegos collapse may or may not be the beginning of yet another financial crisis. But who’s to say what thousands of other family offices are doing with their trillions, and whether similar problems could blow up?","news_type":1,"symbols_score_info":{".DJI":0.9,"SPY":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1259,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340117006,"gmtCreate":1617355456305,"gmtModify":1634521264074,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","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/340117006","repostId":"1154852748","repostType":4,"isVote":1,"tweetType":1,"viewCount":772,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354750150,"gmtCreate":1617202509070,"gmtModify":1634522070871,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","htmlText":"Up, then sell this cyclic stock","listText":"Up, then sell this cyclic stock","text":"Up, then sell this cyclic stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/354750150","repostId":"1166954253","repostType":2,"isVote":1,"tweetType":1,"viewCount":917,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354918727,"gmtCreate":1617117923469,"gmtModify":1634522549136,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","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/354918727","repostId":"1162058288","repostType":4,"repost":{"id":"1162058288","kind":"news","pubTimestamp":1617104066,"share":"https://www.laohunote.com/m/news/1162058288?lang=zh_CN&edition=full","pubTime":"2021-03-30 19:34","market":"us","language":"en","title":"Here’s why Wall Street and investors aren’t giddy enough, says top strategist<blockquote>顶级策略师表示，这就是华尔街和投资者不够兴奋的原因</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1162058288","media":"marketwatch","summary":"Critical information for the U.S. trading day.While the footing has been a bit less steady for stock","content":"<p><b>Critical information for the U.S. trading day.</b>While the footing has been a bit less steady for stocks lately, March is still set to deliver solid gains for most of Wall Street, with the Dow Jones Industrial Average DJIA, +0.30% up 7% and the S&amp;P 500 SPX, -0.09% up 4%. The Nasdaq Composite COMP, -0.60% is lagging with a 1% drop as the shift toward cyclical stocks continues.</p><p><blockquote><b>美国交易日的关键信息。</b>虽然最近股市的基础有点不稳定，但3月份仍将为华尔街大部分地区带来稳健的涨幅，道琼斯工业平均指数道琼斯指数+0.30%上涨7%，标普500 SPX指数-0.09%上涨4%。随着向周期性股票的转变继续，纳斯达克综合指数下跌 1%，-0.60%。</blockquote></p><p>The big bull calls for this market remain scarce though, and that may be down to some disbelief, said Jim Paulsen, chief investment strategist at money management and research firm The Leuthold Group.</p><p><blockquote>资金管理和研究公司 The Leuthold Group 的首席投资策略师吉姆·保尔森 (Jim Paulsen) 表示，不过，该市场的大牛评级仍然很少，这可能是由于一些怀疑。</blockquote></p><p>“I just can’t imagine that at that point, when, in some sense in this country, when we declare victory over COVID that we’re not going to feel a whole lot more giddy than we do right now sitting in my basement.”&nbsp;— Jim Paulsen, The Leuthold Group“There’s a lot of thought that people are too giddy, there’s too much optimism, sentiment is too strong, but I just can’t help but feel it’s going to be a lot stronger,” said Paulsen, in an interview on Monday with MarketWatch.</p><p><blockquote>“我只是无法想象，在这个国家，从某种意义上说，当我们宣布战胜 COVID 时，我们不会比现在坐在我的地下室里感到头晕目眩”。- 吉姆-保尔森（Jim Paulsen），Leuthold 集团 “保尔森在周一接受 MarketWatch 采访时说：”有很多人认为人们过于头晕目眩，过于乐观，情绪过于强烈，但我还是忍不住觉得这种情绪会强烈得多。</blockquote></p><p>In our call of the day, he brushes away the naysayers, and looks ahead to the coming autumn, when almost everyone in the U.S. who wants a COVID-19 vaccine will get one, and we’ve got reopenings, re-employment and people “flush with stimulus” cash.</p><p><blockquote>在我们今天的看涨期权中，他对反对者不屑一顾，并展望了即将到来的秋天，届时美国几乎每个想要接种 COVID-19 疫苗的人都将接种疫苗，届时我们将重新开业、重新就业，人们将 “充满刺激 ”现金。</blockquote></p><p>“I just can’t imagine that at that point, when, in some sense in this country, when we declare victory over COVID that we’re not going to feel a whole lot more giddy than we do right now sitting in my basement,” including growth better than 8% this year, Paulsen said. “So I think that sentiment is going to run through Main Street and Wall Street.”</p><p><blockquote>“保尔森说：”我无法想象，在那个时候，从某种意义上说，在这个国家，当我们宣布战胜科维德时，我们不会比现在坐在我的地下室里感到头晕目眩，”包括今年超过 8% 的增长率。“因此，我认为这种情绪将贯穿主街和华尔街”。</blockquote></p><p>Fundamentals go along with that, as he expects U.S. growth of better than 8% this year, among the strongest of the postwar era. Earnings are also expected to surge, with Wall Street forecasting a rebound for S&amp;P 500 earnings to $175 this year — Paulsen sees $200 as possible.</p><p><blockquote>基本面与此相符，因为他预计美国今年的经济增长将超过 8%，是战后时期最强劲的增长之一。盈利预计也将激增，华尔街预测标普500今年的盈利将反弹至 175 美元——保尔森认为有可能达到 200 美元。</blockquote></p><p>“And if it does, that means we’re selling on less than 20 times earnings right now on the S&amp;P 500, and probably broader markets are even better valuation,” he said. What he thinks is happening is that sentiment just can’t keep up with the better-and-better scenario unfolding.</p><p><blockquote>“他说：”如果是这样的话，那就意味着我们目前在标普500上的售价不到市盈率的 20 倍，而且更广泛的市场估值可能会更好。他认为，现在的情况是，人们的情绪跟不上越来越好的情况。</blockquote></p><p>“There’s not another period I can think of in postwar history where we effectively took the world economy to a Depression-era bust, and then within about a year…a postwar boom,” he said. And while rising bond yields — something to watch for Tuesday — hover over investors, Paulsen sees a “stepwise” move up to 2%.</p><p><blockquote>“他说：”在战后历史上，我想不出还有哪个时期能让世界经济有效地陷入大萧条时期的萧条，然后在大约一年内.战后繁荣。虽然债券收益率上升--周二值得关注--笼罩着投资者，但保尔森认为债券收益率将 “逐步 ”升至 2%。</blockquote></p><p>For investors, he suggests continuing to steer toward economically sensitive areas, via cyclical, small cap and international stocks. He owns technology, but is underweight as sees some underperformance ahead. “But I don’t think it’s going to crater. I think it’s going to participate in this bull.”</p><p><blockquote>对于投资者来说，他建议继续转向经济敏感领域，通过周期性、小盘股和国际股票。他拥有技术，但他是跑输大盘，因为他认为未来会有一些表现不佳。“但我不认为它会崩盘。我认为它会参与这次牛市。”</blockquote></p><p>Investors shouldn’t abandon the sector, because it has been such a domineering force throughout the globe. And down the road, he said tech companies, because they permeate so many sectors, may start to be categorized differently.</p><p><blockquote>投资者不应放弃该行业，因为它一直是全球范围内的一股霸道力量。他说，未来科技公司，因为它们渗透到如此多的行业，可能会开始被不同的分类。</blockquote></p><p><img src=\"https://static.tigerbbs.com/1c4d059b2a2272b5b365afd8aafaf2ba\" tg-width=\"1242\" tg-height=\"1096\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>What to avoid? Paulsen said he would be wary of healthcare, utilities, real-estate investment trusts, cash, bonds, gold. And yes he does see a correction likely, a big risk for this year.</p><p><blockquote>避免什么？保尔森表示，他将对医疗保健、公用事业、房地产投资信托、现金、债券和黄金保持警惕。是的，他确实认为可能会出现调整，这是今年的一大风险。</blockquote></p><p>“I think it might come later this year but I wouldn’t be shocked, starting right now,” he said. “And that’s the biggest risk this year and I don’t think that’s a cycle ender, it certainly is painful. And I think we’re going to get one of those.”</p><p><blockquote>“他说：”我认为它可能会在今年晚些时候到来，但从现在开始，我不会感到震惊。“这是今年最大的风险，我不认为这是一个周期的终结，这肯定是痛苦的。我认为我们会得到一个这样的机会。”</blockquote></p><p><b>Yields are creeping up, Archegos lingers</b></p><p><blockquote><b>产量攀升，Archegos 徘徊</b></blockquote></p><p>Tech stocks are struggling to get a foothold in a holiday-shortened week, with futures for the Nasdaq-100 NQ00, -0.75% down. Those for the S&amp;P 500 ES00, -0.33% and Dow YM00, -0.11% are flat to higher. But the yield on the 10-year U.S. Treasury TMUBMUSD10Y, 1.762% is up to nearly 1.77%. The Case-Shiller home price index and a gauge of consumer confidence are the data ahead.</p><p><blockquote>科技股在假期缩短的一周内难以站稳脚跟，纳斯达克 100 NQ00 期货下跌 -0.75%。标普500 ES00（-0.33%）和道琼斯 YM00（-0.11%）持平走高。但10年期美国国债TMUBMUSD10Y的收益率为1.762%，升至近1.77%。凯斯-席勒房价指数和衡量消费者信心的指标是未来的数据。</blockquote></p><p>Score another for cryptocurrencies. U.S. customers of online payment provider PayPal PYPL, -2.22% can now purchase items with bitcoin BTCUSD, 3.26% and other digital assets.</p><p><blockquote>为加密货币再得分。在线支付提供商PayPal PYPL（-2.22%）的美国客户现在可以使用比特币 BTCUSD（3.26%）和其他数字资产购买商品。</blockquote></p><p>European stocks and banks SXXP, 0.33% are getting a breather after Monday’s selloff, led by Credit Suisse CS, -11.50%. That is as Archegos Capital Management, the U.S. fund believed to be behind the forced sale of more than $20 billion in stocks, says “all plans are being discussed.” Wall Street banks were reportedly summoned by U.S. regulators to discuss the risks and fallout.</p><p><blockquote>欧洲股票和银行股 SXXP, 0.33% 在周一的抛售之后得到喘息的机会，瑞士信贷 CS 领跌 -11.50%。据信是强制出售 200 多亿美元股票的幕后黑手美国基金 Archegos Capital Management 表示，“所有计划都在讨论中”。据报道，美国监管机构传唤华尔街银行讨论风险和影响。</blockquote></p><p><img src=\"https://static.tigerbbs.com/b1fe433f659d25ba084fd1f7b41b448d\" tg-width=\"1080\" tg-height=\"1514\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p>The COVID-19 vaccines from drug company Pfizer PFE, +1.02% and biotech Moderna MRNA, -7.40% stopped infections and illness in 90% of fully vaccinated people. Meanwhile, Canada has suspended the shots from drug company AstraZeneca AZN, +0.34% for adults under 55.</p><p><blockquote>制药公司辉瑞PFE的新冠肺炎疫苗，+1.02%和生物技术Moderna MRNA的新冠肺炎疫苗，-7.40%阻止了90%完全接种疫苗的人的感染和疾病。与此同时，加拿大已暂停制药公司阿斯利康AZN的注射，55岁以下成年人+0.34%。</blockquote></p><p>The New York City Police Department is hunting the suspect of a vicious assault on an elderly Asian-American woman.</p><p><blockquote>纽约市警察局正在追捕恶意袭击一名亚裔美国老年妇女的嫌疑人。</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>Here’s why Wall Street and investors aren’t giddy enough, says top strategist<blockquote>顶级策略师表示，这就是华尔街和投资者不够兴奋的原因</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’s why Wall Street and investors aren’t giddy enough, says top strategist<blockquote>顶级策略师表示，这就是华尔街和投资者不够兴奋的原因</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">marketwatch</strong><span class=\"h-time small\">2021-03-30 19:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Critical information for the U.S. trading day.</b>While the footing has been a bit less steady for stocks lately, March is still set to deliver solid gains for most of Wall Street, with the Dow Jones Industrial Average DJIA, +0.30% up 7% and the S&amp;P 500 SPX, -0.09% up 4%. The Nasdaq Composite COMP, -0.60% is lagging with a 1% drop as the shift toward cyclical stocks continues.</p><p><blockquote><b>美国交易日的关键信息。</b>虽然最近股市的基础有点不稳定，但3月份仍将为华尔街大部分地区带来稳健的涨幅，道琼斯工业平均指数道琼斯指数+0.30%上涨7%，标普500 SPX指数-0.09%上涨4%。随着向周期性股票的转变继续，纳斯达克综合指数下跌 1%，-0.60%。</blockquote></p><p>The big bull calls for this market remain scarce though, and that may be down to some disbelief, said Jim Paulsen, chief investment strategist at money management and research firm The Leuthold Group.</p><p><blockquote>资金管理和研究公司 The Leuthold Group 的首席投资策略师吉姆·保尔森 (Jim Paulsen) 表示，不过，该市场的大牛评级仍然很少，这可能是由于一些怀疑。</blockquote></p><p>“I just can’t imagine that at that point, when, in some sense in this country, when we declare victory over COVID that we’re not going to feel a whole lot more giddy than we do right now sitting in my basement.”&nbsp;— Jim Paulsen, The Leuthold Group“There’s a lot of thought that people are too giddy, there’s too much optimism, sentiment is too strong, but I just can’t help but feel it’s going to be a lot stronger,” said Paulsen, in an interview on Monday with MarketWatch.</p><p><blockquote>“我只是无法想象，在这个国家，从某种意义上说，当我们宣布战胜 COVID 时，我们不会比现在坐在我的地下室里感到头晕目眩”。- 吉姆-保尔森（Jim Paulsen），Leuthold 集团 “保尔森在周一接受 MarketWatch 采访时说：”有很多人认为人们过于头晕目眩，过于乐观，情绪过于强烈，但我还是忍不住觉得这种情绪会强烈得多。</blockquote></p><p>In our call of the day, he brushes away the naysayers, and looks ahead to the coming autumn, when almost everyone in the U.S. who wants a COVID-19 vaccine will get one, and we’ve got reopenings, re-employment and people “flush with stimulus” cash.</p><p><blockquote>在我们今天的看涨期权中，他对反对者不屑一顾，并展望了即将到来的秋天，届时美国几乎每个想要接种 COVID-19 疫苗的人都将接种疫苗，届时我们将重新开业、重新就业，人们将 “充满刺激 ”现金。</blockquote></p><p>“I just can’t imagine that at that point, when, in some sense in this country, when we declare victory over COVID that we’re not going to feel a whole lot more giddy than we do right now sitting in my basement,” including growth better than 8% this year, Paulsen said. “So I think that sentiment is going to run through Main Street and Wall Street.”</p><p><blockquote>“保尔森说：”我无法想象，在那个时候，从某种意义上说，在这个国家，当我们宣布战胜科维德时，我们不会比现在坐在我的地下室里感到头晕目眩，”包括今年超过 8% 的增长率。“因此，我认为这种情绪将贯穿主街和华尔街”。</blockquote></p><p>Fundamentals go along with that, as he expects U.S. growth of better than 8% this year, among the strongest of the postwar era. Earnings are also expected to surge, with Wall Street forecasting a rebound for S&amp;P 500 earnings to $175 this year — Paulsen sees $200 as possible.</p><p><blockquote>基本面与此相符，因为他预计美国今年的经济增长将超过 8%，是战后时期最强劲的增长之一。盈利预计也将激增，华尔街预测标普500今年的盈利将反弹至 175 美元——保尔森认为有可能达到 200 美元。</blockquote></p><p>“And if it does, that means we’re selling on less than 20 times earnings right now on the S&amp;P 500, and probably broader markets are even better valuation,” he said. What he thinks is happening is that sentiment just can’t keep up with the better-and-better scenario unfolding.</p><p><blockquote>“他说：”如果是这样的话，那就意味着我们目前在标普500上的售价不到市盈率的 20 倍，而且更广泛的市场估值可能会更好。他认为，现在的情况是，人们的情绪跟不上越来越好的情况。</blockquote></p><p>“There’s not another period I can think of in postwar history where we effectively took the world economy to a Depression-era bust, and then within about a year…a postwar boom,” he said. And while rising bond yields — something to watch for Tuesday — hover over investors, Paulsen sees a “stepwise” move up to 2%.</p><p><blockquote>“他说：”在战后历史上，我想不出还有哪个时期能让世界经济有效地陷入大萧条时期的萧条，然后在大约一年内.战后繁荣。虽然债券收益率上升--周二值得关注--笼罩着投资者，但保尔森认为债券收益率将 “逐步 ”升至 2%。</blockquote></p><p>For investors, he suggests continuing to steer toward economically sensitive areas, via cyclical, small cap and international stocks. He owns technology, but is underweight as sees some underperformance ahead. “But I don’t think it’s going to crater. I think it’s going to participate in this bull.”</p><p><blockquote>对于投资者来说，他建议继续转向经济敏感领域，通过周期性、小盘股和国际股票。他拥有技术，但他是跑输大盘，因为他认为未来会有一些表现不佳。“但我不认为它会崩盘。我认为它会参与这次牛市。”</blockquote></p><p>Investors shouldn’t abandon the sector, because it has been such a domineering force throughout the globe. And down the road, he said tech companies, because they permeate so many sectors, may start to be categorized differently.</p><p><blockquote>投资者不应放弃该行业，因为它一直是全球范围内的一股霸道力量。他说，未来科技公司，因为它们渗透到如此多的行业，可能会开始被不同的分类。</blockquote></p><p><img src=\"https://static.tigerbbs.com/1c4d059b2a2272b5b365afd8aafaf2ba\" tg-width=\"1242\" tg-height=\"1096\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>What to avoid? Paulsen said he would be wary of healthcare, utilities, real-estate investment trusts, cash, bonds, gold. And yes he does see a correction likely, a big risk for this year.</p><p><blockquote>避免什么？保尔森表示，他将对医疗保健、公用事业、房地产投资信托、现金、债券和黄金保持警惕。是的，他确实认为可能会出现调整，这是今年的一大风险。</blockquote></p><p>“I think it might come later this year but I wouldn’t be shocked, starting right now,” he said. “And that’s the biggest risk this year and I don’t think that’s a cycle ender, it certainly is painful. And I think we’re going to get one of those.”</p><p><blockquote>“他说：”我认为它可能会在今年晚些时候到来，但从现在开始，我不会感到震惊。“这是今年最大的风险，我不认为这是一个周期的终结，这肯定是痛苦的。我认为我们会得到一个这样的机会。”</blockquote></p><p><b>Yields are creeping up, Archegos lingers</b></p><p><blockquote><b>产量攀升，Archegos 徘徊</b></blockquote></p><p>Tech stocks are struggling to get a foothold in a holiday-shortened week, with futures for the Nasdaq-100 NQ00, -0.75% down. Those for the S&amp;P 500 ES00, -0.33% and Dow YM00, -0.11% are flat to higher. But the yield on the 10-year U.S. Treasury TMUBMUSD10Y, 1.762% is up to nearly 1.77%. The Case-Shiller home price index and a gauge of consumer confidence are the data ahead.</p><p><blockquote>科技股在假期缩短的一周内难以站稳脚跟，纳斯达克 100 NQ00 期货下跌 -0.75%。标普500 ES00（-0.33%）和道琼斯 YM00（-0.11%）持平走高。但10年期美国国债TMUBMUSD10Y的收益率为1.762%，升至近1.77%。凯斯-席勒房价指数和衡量消费者信心的指标是未来的数据。</blockquote></p><p>Score another for cryptocurrencies. U.S. customers of online payment provider PayPal PYPL, -2.22% can now purchase items with bitcoin BTCUSD, 3.26% and other digital assets.</p><p><blockquote>为加密货币再得分。在线支付提供商PayPal PYPL（-2.22%）的美国客户现在可以使用比特币 BTCUSD（3.26%）和其他数字资产购买商品。</blockquote></p><p>European stocks and banks SXXP, 0.33% are getting a breather after Monday’s selloff, led by Credit Suisse CS, -11.50%. That is as Archegos Capital Management, the U.S. fund believed to be behind the forced sale of more than $20 billion in stocks, says “all plans are being discussed.” Wall Street banks were reportedly summoned by U.S. regulators to discuss the risks and fallout.</p><p><blockquote>欧洲股票和银行股 SXXP, 0.33% 在周一的抛售之后得到喘息的机会，瑞士信贷 CS 领跌 -11.50%。据信是强制出售 200 多亿美元股票的幕后黑手美国基金 Archegos Capital Management 表示，“所有计划都在讨论中”。据报道，美国监管机构传唤华尔街银行讨论风险和影响。</blockquote></p><p><img src=\"https://static.tigerbbs.com/b1fe433f659d25ba084fd1f7b41b448d\" tg-width=\"1080\" tg-height=\"1514\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p>The COVID-19 vaccines from drug company Pfizer PFE, +1.02% and biotech Moderna MRNA, -7.40% stopped infections and illness in 90% of fully vaccinated people. Meanwhile, Canada has suspended the shots from drug company AstraZeneca AZN, +0.34% for adults under 55.</p><p><blockquote>制药公司辉瑞PFE的新冠肺炎疫苗，+1.02%和生物技术Moderna MRNA的新冠肺炎疫苗，-7.40%阻止了90%完全接种疫苗的人的感染和疾病。与此同时，加拿大已暂停制药公司阿斯利康AZN的注射，55岁以下成年人+0.34%。</blockquote></p><p>The New York City Police Department is hunting the suspect of a vicious assault on an elderly Asian-American woman.</p><p><blockquote>纽约市警察局正在追捕恶意袭击一名亚裔美国老年妇女的嫌疑人。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/heres-why-wall-street-and-investors-arent-giddy-enough-says-top-strategist-11617102861\">marketwatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9a5677649fbdbb7ef0087796f2311fad","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/heres-why-wall-street-and-investors-arent-giddy-enough-says-top-strategist-11617102861","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162058288","content_text":"Critical information for the U.S. trading day.While the footing has been a bit less steady for stocks lately, March is still set to deliver solid gains for most of Wall Street, with the Dow Jones Industrial Average DJIA, +0.30% up 7% and the S&P 500 SPX, -0.09% up 4%. The Nasdaq Composite COMP, -0.60% is lagging with a 1% drop as the shift toward cyclical stocks continues.The big bull calls for this market remain scarce though, and that may be down to some disbelief, said Jim Paulsen, chief investment strategist at money management and research firm The Leuthold Group.“I just can’t imagine that at that point, when, in some sense in this country, when we declare victory over COVID that we’re not going to feel a whole lot more giddy than we do right now sitting in my basement.” — Jim Paulsen, The Leuthold Group“There’s a lot of thought that people are too giddy, there’s too much optimism, sentiment is too strong, but I just can’t help but feel it’s going to be a lot stronger,” said Paulsen, in an interview on Monday with MarketWatch.In our call of the day, he brushes away the naysayers, and looks ahead to the coming autumn, when almost everyone in the U.S. who wants a COVID-19 vaccine will get one, and we’ve got reopenings, re-employment and people “flush with stimulus” cash.“I just can’t imagine that at that point, when, in some sense in this country, when we declare victory over COVID that we’re not going to feel a whole lot more giddy than we do right now sitting in my basement,” including growth better than 8% this year, Paulsen said. “So I think that sentiment is going to run through Main Street and Wall Street.”Fundamentals go along with that, as he expects U.S. growth of better than 8% this year, among the strongest of the postwar era. Earnings are also expected to surge, with Wall Street forecasting a rebound for S&P 500 earnings to $175 this year — Paulsen sees $200 as possible.“And if it does, that means we’re selling on less than 20 times earnings right now on the S&P 500, and probably broader markets are even better valuation,” he said. What he thinks is happening is that sentiment just can’t keep up with the better-and-better scenario unfolding.“There’s not another period I can think of in postwar history where we effectively took the world economy to a Depression-era bust, and then within about a year…a postwar boom,” he said. And while rising bond yields — something to watch for Tuesday — hover over investors, Paulsen sees a “stepwise” move up to 2%.For investors, he suggests continuing to steer toward economically sensitive areas, via cyclical, small cap and international stocks. He owns technology, but is underweight as sees some underperformance ahead. “But I don’t think it’s going to crater. I think it’s going to participate in this bull.”Investors shouldn’t abandon the sector, because it has been such a domineering force throughout the globe. And down the road, he said tech companies, because they permeate so many sectors, may start to be categorized differently.What to avoid? Paulsen said he would be wary of healthcare, utilities, real-estate investment trusts, cash, bonds, gold. And yes he does see a correction likely, a big risk for this year.“I think it might come later this year but I wouldn’t be shocked, starting right now,” he said. “And that’s the biggest risk this year and I don’t think that’s a cycle ender, it certainly is painful. And I think we’re going to get one of those.”Yields are creeping up, Archegos lingersTech stocks are struggling to get a foothold in a holiday-shortened week, with futures for the Nasdaq-100 NQ00, -0.75% down. Those for the S&P 500 ES00, -0.33% and Dow YM00, -0.11% are flat to higher. But the yield on the 10-year U.S. Treasury TMUBMUSD10Y, 1.762% is up to nearly 1.77%. The Case-Shiller home price index and a gauge of consumer confidence are the data ahead.Score another for cryptocurrencies. U.S. customers of online payment provider PayPal PYPL, -2.22% can now purchase items with bitcoin BTCUSD, 3.26% and other digital assets.European stocks and banks SXXP, 0.33% are getting a breather after Monday’s selloff, led by Credit Suisse CS, -11.50%. That is as Archegos Capital Management, the U.S. fund believed to be behind the forced sale of more than $20 billion in stocks, says “all plans are being discussed.” Wall Street banks were reportedly summoned by U.S. regulators to discuss the risks and fallout.The COVID-19 vaccines from drug company Pfizer PFE, +1.02% and biotech Moderna MRNA, -7.40% stopped infections and illness in 90% of fully vaccinated people. Meanwhile, Canada has suspended the shots from drug company AstraZeneca AZN, +0.34% for adults under 55.The New York City Police Department is hunting the suspect of a vicious assault on an elderly Asian-American woman.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355153561,"gmtCreate":1617042160453,"gmtModify":1634522964993,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","htmlText":"A","listText":"A","text":"A","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355153561","repostId":"352034941","repostType":1,"repost":{"id":352034941,"gmtCreate":1616827889883,"gmtModify":1744960655131,"author":{"id":"115535245075020","authorId":"115535245075020","name":"陈达美股投资","avatar":"https://static.tigerbbs.com/93c77cdf64a6c2c4355eb691def79ccf","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"115535245075020","authorIdStr":"115535245075020"},"themes":[],"title":"梦之安魂曲：我来为这惊魂一夜复个盘","htmlText":"What happened last night was epic. Let me explain. 先声明，许多信息都来自于信息碎片、流言蜚语、新闻报道、以及我圈内朋友的讨论。彼此之间串联起的，比较有逻辑联系的一副拼图，可能可以还原一部分真相，不一定是事实，甚至有可能完全不是事实，请明鉴。 另外一个很重要的背景是，本周中概股多数下跌。究其原因，或许是前期涨幅较大股票的估值修复需要，或许是两强关系的新一轮突突突，或许是holding foreign companies accountable对于中概股退市的咋呼 ，总之市场对于中概股是有向下压力的，这个我认为是很重要的背景，没有这个背景，故事应该不会发生。 我们来盘一下时间线。 昨晚，首先是圈子里爆出，高盛正在拉皮条，为一宗 block trade（美股大宗交易）寻找买家，从信息中可以看出，这笔大宗交易包含 1000万股百度，185美元-市价出；5000万股腾讯音乐，17.6美元-市价出，3200万股 唯品会，27.6美元-mkt出。 量极大，且都比当时市价要低了不少。于是坊间猜测是有杠杆玩得比较大的同事体量也比较大的基金爆仓了。 加之教育行业新规，一时间中概股哀鸿遍野，跌妈不认。都跌懵了。 还有网传的雪湖的接盘邮件，想吃掉百度、腾讯音乐、唯品会各5000万美金的量。似乎佐证了GS在拉皮条寻求交易的事实。当然我不知道雪湖的内控是咋搞的，这种邮件也能泄露出来，这还不得打屁股。当然也有可能是PS的who knows。 百度、腾讯音乐、唯品会，这些股票。他们的共同点就是，都是前期比较强势的中概股，然后在本周三开始，在没有任何内部利空的情况下，开始暴跌。在没有任何背景信息的情况下，我们只能认为这是由于中概股受压，前期获利盘了解离场，并可能触发了某些机构的margin call而被强平。甚至不排除一些算法交易玩家积极地参与做空，赚趋势","listText":"What happened last night was epic. Let me explain. 先声明，许多信息都来自于信息碎片、流言蜚语、新闻报道、以及我圈内朋友的讨论。彼此之间串联起的，比较有逻辑联系的一副拼图，可能可以还原一部分真相，不一定是事实，甚至有可能完全不是事实，请明鉴。 另外一个很重要的背景是，本周中概股多数下跌。究其原因，或许是前期涨幅较大股票的估值修复需要，或许是两强关系的新一轮突突突，或许是holding foreign companies accountable对于中概股退市的咋呼 ，总之市场对于中概股是有向下压力的，这个我认为是很重要的背景，没有这个背景，故事应该不会发生。 我们来盘一下时间线。 昨晚，首先是圈子里爆出，高盛正在拉皮条，为一宗 block trade（美股大宗交易）寻找买家，从信息中可以看出，这笔大宗交易包含 1000万股百度，185美元-市价出；5000万股腾讯音乐，17.6美元-市价出，3200万股 唯品会，27.6美元-mkt出。 量极大，且都比当时市价要低了不少。于是坊间猜测是有杠杆玩得比较大的同事体量也比较大的基金爆仓了。 加之教育行业新规，一时间中概股哀鸿遍野，跌妈不认。都跌懵了。 还有网传的雪湖的接盘邮件，想吃掉百度、腾讯音乐、唯品会各5000万美金的量。似乎佐证了GS在拉皮条寻求交易的事实。当然我不知道雪湖的内控是咋搞的，这种邮件也能泄露出来，这还不得打屁股。当然也有可能是PS的who knows。 百度、腾讯音乐、唯品会，这些股票。他们的共同点就是，都是前期比较强势的中概股，然后在本周三开始，在没有任何内部利空的情况下，开始暴跌。在没有任何背景信息的情况下，我们只能认为这是由于中概股受压，前期获利盘了解离场，并可能触发了某些机构的margin call而被强平。甚至不排除一些算法交易玩家积极地参与做空，赚趋势","text":"What happened last night was epic. Let me explain. 先声明，许多信息都来自于信息碎片、流言蜚语、新闻报道、以及我圈内朋友的讨论。彼此之间串联起的，比较有逻辑联系的一副拼图，可能可以还原一部分真相，不一定是事实，甚至有可能完全不是事实，请明鉴。 另外一个很重要的背景是，本周中概股多数下跌。究其原因，或许是前期涨幅较大股票的估值修复需要，或许是两强关系的新一轮突突突，或许是holding foreign companies accountable对于中概股退市的咋呼 ，总之市场对于中概股是有向下压力的，这个我认为是很重要的背景，没有这个背景，故事应该不会发生。 我们来盘一下时间线。 昨晚，首先是圈子里爆出，高盛正在拉皮条，为一宗 block trade（美股大宗交易）寻找买家，从信息中可以看出，这笔大宗交易包含 1000万股百度，185美元-市价出；5000万股腾讯音乐，17.6美元-市价出，3200万股 唯品会，27.6美元-mkt出。 量极大，且都比当时市价要低了不少。于是坊间猜测是有杠杆玩得比较大的同事体量也比较大的基金爆仓了。 加之教育行业新规，一时间中概股哀鸿遍野，跌妈不认。都跌懵了。 还有网传的雪湖的接盘邮件，想吃掉百度、腾讯音乐、唯品会各5000万美金的量。似乎佐证了GS在拉皮条寻求交易的事实。当然我不知道雪湖的内控是咋搞的，这种邮件也能泄露出来，这还不得打屁股。当然也有可能是PS的who knows。 百度、腾讯音乐、唯品会，这些股票。他们的共同点就是，都是前期比较强势的中概股，然后在本周三开始，在没有任何内部利空的情况下，开始暴跌。在没有任何背景信息的情况下，我们只能认为这是由于中概股受压，前期获利盘了解离场，并可能触发了某些机构的margin call而被强平。甚至不排除一些算法交易玩家积极地参与做空，赚趋势","images":[{"img":"https://static.tigerbbs.com/bfc343dc78829b8c37c26df97b3e70e9","width":"840","height":"470"},{"img":"https://static.tigerbbs.com/a29f6db752bc60a14e74623b6f3cfde9","width":"840","height":"470"},{"img":"https://static.tigerbbs.com/a6cb292355206ed9600651a80a85fb2c","width":"660","height":"470"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/352034941","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":1,"comments":[],"imageCount":12,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1041,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355194899,"gmtCreate":1617033076611,"gmtModify":1634522991204,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","htmlText":"CS,GS,NMR,JPM. When do you buy?","listText":"CS,GS,NMR,JPM. When do you buy?","text":"CS,GS,NMR,JPM. When do you buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355194899","repostId":"1131213558","repostType":4,"repost":{"id":"1131213558","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":1617024683,"share":"https://www.laohunote.com/m/news/1131213558?lang=zh_CN&edition=full","pubTime":"2021-03-29 21:31","market":"us","language":"en","title":"Stocks fall to start the week as impacts continue to be felt from margin-call rout<blockquote>由于继续感受到利润率看涨期权崩溃的影响，股市本周初下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1131213558","media":"Tiger Newspress","summary":"(March 29) U.S. stocks opened lower Monday, dogged by concerns about the ripple effects from forced ","content":"<p>(March 29)&nbsp;U.S. stocks opened lower Monday, dogged by concerns about the ripple effects from forced selling Friday by a large investment firm. </p><p><blockquote>（3月29日）美国由于担心一家大型投资公司周五强制抛售会产生连锁反应，股市周一开盘走低。</blockquote></p><p>The Dow Jones Industrial Average lost 139 points, 0.4%, to open near 32,934, while the S&amp;P 500  opened 16 points, 0.4%, lower, near 3,958. The Nasdaq Composite index  was off 35 points, 0.3%, at the open, trading near 13,104. </p><p><blockquote>道琼斯工业平均指数下跌 139 点，跌幅 0.4%，开盘于 32,934 点附近；标普500指数下跌 16 点，跌幅 0.4%，开盘于 3,958 点附近。纳斯达克综合指数开盘下跌 35 点，跌幅 0.3%，收于 13,104 点附近。</blockquote></p><p>Shares of Boeing Co. jumped 2.6% after Southwest Airlines Inc. said it had ordered 100 of the Boeing 737 Max 7. </p><p><blockquote>西南航空公司表示已订购 100 架波音 737 Max 7 后，波音公司股价上涨 2.6%。</blockquote></p><p>Meanwhile, bond yields remained tame, with the 10-year U.S. Treasury note TMUBMUSD10Y, 1.662% down about 3 basis points to 1.654%.</p><p><blockquote>与此同时，债券收益率依然温和，10年期美国国债TMUBMUSD10Y下跌1.662%约3个基点至1.654%。</blockquote></p><p>Stock futures added to losses Monday amid weakness in bank stocks caught in the downdraft of Friday’s margin call, though media shares rebounded after the stunning late-week selloff.</p><p><blockquote>周一，由于银行股在周五保证金看涨期权的下行中疲软，股指期货跌幅扩大，但媒体股在周末令人震惊的抛售后反弹。</blockquote></p><p>Futures on the Dow Jones Industrial Average implied an opening loss of about 160 points. S&amp;P 500 futures and Nasdaq 100 futures also traded in negative territory.</p><p><blockquote>道琼斯工业平均指数期货暗示开盘下跌约160点。标普500期货和纳斯达克100期货也在负值区域交易。</blockquote></p><p>Shares of ViacomCBS and Discovery both rebounded after coming underintense selling pressurelast week. The two companies were believed to be hit by forced liquidation of positions held by the multibillion dollar family office Archegos Capital Management, a source familiar with the situation told CNBC.</p><p><blockquote>维亚康姆哥伦比亚广播公司 (ViacomCBS) 和 Discovery 的股价在上周遭遇不太强烈的抛售压力后均出现反弹。一位知情人士告诉 CNBC，据信这两家公司受到了价值数十亿美元的家族理财室 Archegos Capital Management 持有头寸的强制清算的打击。</blockquote></p><p>Discovery gained more than 4% in premarket trading Monday while ViacomCBS rose more than 2%. The two companies had lost 27% apiece during Friday’s selloff.</p><p><blockquote>Discovery 在周一盘前交易中上涨超过 4%，而 ViacomCBS 则上涨超过 2%。在周五的抛售中，两家公司各损失了 27%。</blockquote></p><p>Elsewhere, Boeing was up 2.6% premarket on news that Southwest Airlines had added 100 orders for the airliner’s 737 Max jet. The first 30 jets are scheduled for delivery in 2022.</p><p><blockquote>在其他方面，波音公司盘前上涨了 2.6%，原因是西南航空公司（Southwest Airlines）增加了 100 架 737 Max 喷气式飞机的订单。首批 30 架飞机计划于 2022 年交付。</blockquote></p><p>However, futures overall were indicating negative. Credit Suisse shares tumbled 13% as the bank warned itwould face a “significant” hitto its first-quarter results due to the bank having to exit hedge fund positions related to the forced selling. Nomura also warned that it could get hit, sending its shares down nearly 15%.</p><p><blockquote>然而，期货总体表现不佳。瑞士信贷股价暴跌 13%，该银行警告称，由于该银行不得不退出与强制抛售相关的对冲基金头寸，其第一季度业绩将面临 “重大 ”打击。野村证券还警告称，它可能会受到打击，导致其股价下跌近 15%。</blockquote></p><p>Bank stocks weighed on the Dow industrials, with Goldman Sachs down more than 3% and JPMorgan Chase off 1.4%. The weakness came as government bond yields edged lower to start the week.</p><p><blockquote>银行股拖累道琼斯工业平均指数，高盛下跌超过 3%，摩根大通下跌 1.4%。本周初政府债券收益率小幅走低，导致疲软。</blockquote></p><p>Though the market was taking a hit from the Archegos stumble, the situation is unlikely to have lasting impacts on the broader market, according to Bespoke Investment Group.</p><p><blockquote>Bespoke Investment Group 表示，尽管市场受到了 Archegos 失误的打击，但这种情况不太可能对更广泛的市场产生持久影响。</blockquote></p><p>“While other funds may be caught in the mess, we fail to see how this specific car crash of a trade ends up propagating across the financial system via counterparty default,” Bespoke said in its morning note. However, the firm did caution that investors should “get used to the GMEs and Archegos of the world, because they seem to be happening with more frequency even if their fall-out is contained.”</p><p><blockquote>“Bespoke 在早间报告中说：”虽然其他基金可能会陷入困境，但我们没有看到这种特定的交易车祸最终会如何通过交易对手违约在整个金融体系蔓延。不过，该公司确实提醒说，投资者应该 “习惯世界上的 GME 和 Archegos，因为即使它们的影响得到控制，它们似乎也越来越频繁地发生”。</blockquote></p><p>On Friday, all three major benchmarks rallied to their session highs into the close with the blue-chip Dow closing about 450 points higher. The S&amp;P 500 eventually climbed 1.7% to hit a record closing high. The Nasdaq Composite wiped out a 0.8% loss and ended Friday 1.2% higher.</p><p><blockquote>周五，所有三大基准指数都反弹至盘中高点，蓝筹股道琼斯指数收盘上涨约450点。标普500最终上涨1.7%，创下收盘历史新高。纳斯达克综合指数抹去了 0.8% 的跌幅，周五收盘上涨 1.2%。</blockquote></p><p>Traders are bracing for heightened volatility during this holiday-shortened week with quarter-end rebalancing among pension funds and other big investors. The recent swift advance in bond yields could set up money managers for big adjustments in their portfolios.</p><p><blockquote>随着养老基金和其他大型投资者在季度末进行再平衡，交易员们正在为本周假期缩短的波动性加剧做好准备。最近债券收益率的快速上涨可能会促使基金经理对其投资组合进行重大调整。</blockquote></p><p>The Dow and the S&amp;P 500 have risen 6.9% and 4.3%, respectively, so far in March. The tech-heavy Nasdaq, however, has dipped 0.4% this month as some investors jumped high-flying technology names amid rising yields.</p><p><blockquote>3月份迄今为止，道琼斯指数和标普500指数分别上涨6.9%和4.3%。然而，由于一些投资者在收益率上升的情况下买入了飞涨的科技股，以科技股为主的纳斯达克本月下跌了 0.4%。</blockquote></p><p>Investors are awaiting updates from President Joe Biden about his infrastructure plan which could cost north of $3 trillion. The president is expected to unveil his plan when he travels to Pittsburgh on Wednesday. White House press secretary Jen Psaki said SundayBiden plans to roll out two packagesin the coming months, the first covering infrastructure and the second covering health and family care.</p><p><blockquote>投资者正在等待乔·拜登总统关于其基础设施计划的最新消息，该计划可能耗资超过 3 万亿美元。预计总统将在周三前往匹兹堡时公布他的计划。白宫新闻秘书珍·帕萨基周日表示，拜登计划在未来几个月推出两项计划，第一项涉及基础设施，第二项涉及健康和家庭护理。</blockquote></p><p>“The market isn’t placing very high odds on this infrastructure/tax blueprint coming to fruition and while Biden probably won’t get everything he’s asking for,&nbsp;Congressional Democrats and the White House are VERY intent on passing some substantial bills in the coming months,” Adam Crisafulli, founder of Vital Knowledge, said in a note.</p><p><blockquote>“Vital Knowledge 创始人亚当-克里萨富利（Adam Crisafulli）在一份报告中说：”市场对这一基础设施/税收蓝图的实现可能性并不高，虽然拜登可能不会得到他所要求的一切，但国会民主党人和白宫非常希望在未来几个月内通过一些实质性法案。</blockquote></p><p>The stock market is closed for the Good Friday holiday, but the March jobs report is still slated for release that morning. Economists expect 630,000 jobs were added in March, and the unemployment rate fell to 6% from 6.2%, according to Dow Jones.</p><p><blockquote>股市因耶稣受难日假期休市，但3月份就业报告仍定于当天上午发布。根据道琼斯的数据，经济学家预计 3 月份新增就业岗位 63 万个，失业率从 6.2% 降至 6%。</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>Stocks fall to start the week as impacts continue to be felt from margin-call rout<blockquote>由于继续感受到利润率看涨期权崩溃的影响，股市本周初下跌</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\">\nStocks fall to start the week as impacts continue to be felt from margin-call rout<blockquote>由于继续感受到利润率看涨期权崩溃的影响，股市本周初下跌</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\">2021-03-29 21:31</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(March 29)&nbsp;U.S. stocks opened lower Monday, dogged by concerns about the ripple effects from forced selling Friday by a large investment firm. </p><p><blockquote>（3月29日）美国由于担心一家大型投资公司周五强制抛售会产生连锁反应，股市周一开盘走低。</blockquote></p><p>The Dow Jones Industrial Average lost 139 points, 0.4%, to open near 32,934, while the S&amp;P 500  opened 16 points, 0.4%, lower, near 3,958. The Nasdaq Composite index  was off 35 points, 0.3%, at the open, trading near 13,104. </p><p><blockquote>道琼斯工业平均指数下跌 139 点，跌幅 0.4%，开盘于 32,934 点附近；标普500指数下跌 16 点，跌幅 0.4%，开盘于 3,958 点附近。纳斯达克综合指数开盘下跌 35 点，跌幅 0.3%，收于 13,104 点附近。</blockquote></p><p>Shares of Boeing Co. jumped 2.6% after Southwest Airlines Inc. said it had ordered 100 of the Boeing 737 Max 7. </p><p><blockquote>西南航空公司表示已订购 100 架波音 737 Max 7 后，波音公司股价上涨 2.6%。</blockquote></p><p>Meanwhile, bond yields remained tame, with the 10-year U.S. Treasury note TMUBMUSD10Y, 1.662% down about 3 basis points to 1.654%.</p><p><blockquote>与此同时，债券收益率依然温和，10年期美国国债TMUBMUSD10Y下跌1.662%约3个基点至1.654%。</blockquote></p><p>Stock futures added to losses Monday amid weakness in bank stocks caught in the downdraft of Friday’s margin call, though media shares rebounded after the stunning late-week selloff.</p><p><blockquote>周一，由于银行股在周五保证金看涨期权的下行中疲软，股指期货跌幅扩大，但媒体股在周末令人震惊的抛售后反弹。</blockquote></p><p>Futures on the Dow Jones Industrial Average implied an opening loss of about 160 points. S&amp;P 500 futures and Nasdaq 100 futures also traded in negative territory.</p><p><blockquote>道琼斯工业平均指数期货暗示开盘下跌约160点。标普500期货和纳斯达克100期货也在负值区域交易。</blockquote></p><p>Shares of ViacomCBS and Discovery both rebounded after coming underintense selling pressurelast week. The two companies were believed to be hit by forced liquidation of positions held by the multibillion dollar family office Archegos Capital Management, a source familiar with the situation told CNBC.</p><p><blockquote>维亚康姆哥伦比亚广播公司 (ViacomCBS) 和 Discovery 的股价在上周遭遇不太强烈的抛售压力后均出现反弹。一位知情人士告诉 CNBC，据信这两家公司受到了价值数十亿美元的家族理财室 Archegos Capital Management 持有头寸的强制清算的打击。</blockquote></p><p>Discovery gained more than 4% in premarket trading Monday while ViacomCBS rose more than 2%. The two companies had lost 27% apiece during Friday’s selloff.</p><p><blockquote>Discovery 在周一盘前交易中上涨超过 4%，而 ViacomCBS 则上涨超过 2%。在周五的抛售中，两家公司各损失了 27%。</blockquote></p><p>Elsewhere, Boeing was up 2.6% premarket on news that Southwest Airlines had added 100 orders for the airliner’s 737 Max jet. The first 30 jets are scheduled for delivery in 2022.</p><p><blockquote>在其他方面，波音公司盘前上涨了 2.6%，原因是西南航空公司（Southwest Airlines）增加了 100 架 737 Max 喷气式飞机的订单。首批 30 架飞机计划于 2022 年交付。</blockquote></p><p>However, futures overall were indicating negative. Credit Suisse shares tumbled 13% as the bank warned itwould face a “significant” hitto its first-quarter results due to the bank having to exit hedge fund positions related to the forced selling. Nomura also warned that it could get hit, sending its shares down nearly 15%.</p><p><blockquote>然而，期货总体表现不佳。瑞士信贷股价暴跌 13%，该银行警告称，由于该银行不得不退出与强制抛售相关的对冲基金头寸，其第一季度业绩将面临 “重大 ”打击。野村证券还警告称，它可能会受到打击，导致其股价下跌近 15%。</blockquote></p><p>Bank stocks weighed on the Dow industrials, with Goldman Sachs down more than 3% and JPMorgan Chase off 1.4%. The weakness came as government bond yields edged lower to start the week.</p><p><blockquote>银行股拖累道琼斯工业平均指数，高盛下跌超过 3%，摩根大通下跌 1.4%。本周初政府债券收益率小幅走低，导致疲软。</blockquote></p><p>Though the market was taking a hit from the Archegos stumble, the situation is unlikely to have lasting impacts on the broader market, according to Bespoke Investment Group.</p><p><blockquote>Bespoke Investment Group 表示，尽管市场受到了 Archegos 失误的打击，但这种情况不太可能对更广泛的市场产生持久影响。</blockquote></p><p>“While other funds may be caught in the mess, we fail to see how this specific car crash of a trade ends up propagating across the financial system via counterparty default,” Bespoke said in its morning note. However, the firm did caution that investors should “get used to the GMEs and Archegos of the world, because they seem to be happening with more frequency even if their fall-out is contained.”</p><p><blockquote>“Bespoke 在早间报告中说：”虽然其他基金可能会陷入困境，但我们没有看到这种特定的交易车祸最终会如何通过交易对手违约在整个金融体系蔓延。不过，该公司确实提醒说，投资者应该 “习惯世界上的 GME 和 Archegos，因为即使它们的影响得到控制，它们似乎也越来越频繁地发生”。</blockquote></p><p>On Friday, all three major benchmarks rallied to their session highs into the close with the blue-chip Dow closing about 450 points higher. The S&amp;P 500 eventually climbed 1.7% to hit a record closing high. The Nasdaq Composite wiped out a 0.8% loss and ended Friday 1.2% higher.</p><p><blockquote>周五，所有三大基准指数都反弹至盘中高点，蓝筹股道琼斯指数收盘上涨约450点。标普500最终上涨1.7%，创下收盘历史新高。纳斯达克综合指数抹去了 0.8% 的跌幅，周五收盘上涨 1.2%。</blockquote></p><p>Traders are bracing for heightened volatility during this holiday-shortened week with quarter-end rebalancing among pension funds and other big investors. The recent swift advance in bond yields could set up money managers for big adjustments in their portfolios.</p><p><blockquote>随着养老基金和其他大型投资者在季度末进行再平衡，交易员们正在为本周假期缩短的波动性加剧做好准备。最近债券收益率的快速上涨可能会促使基金经理对其投资组合进行重大调整。</blockquote></p><p>The Dow and the S&amp;P 500 have risen 6.9% and 4.3%, respectively, so far in March. The tech-heavy Nasdaq, however, has dipped 0.4% this month as some investors jumped high-flying technology names amid rising yields.</p><p><blockquote>3月份迄今为止，道琼斯指数和标普500指数分别上涨6.9%和4.3%。然而，由于一些投资者在收益率上升的情况下买入了飞涨的科技股，以科技股为主的纳斯达克本月下跌了 0.4%。</blockquote></p><p>Investors are awaiting updates from President Joe Biden about his infrastructure plan which could cost north of $3 trillion. The president is expected to unveil his plan when he travels to Pittsburgh on Wednesday. White House press secretary Jen Psaki said SundayBiden plans to roll out two packagesin the coming months, the first covering infrastructure and the second covering health and family care.</p><p><blockquote>投资者正在等待乔·拜登总统关于其基础设施计划的最新消息，该计划可能耗资超过 3 万亿美元。预计总统将在周三前往匹兹堡时公布他的计划。白宫新闻秘书珍·帕萨基周日表示，拜登计划在未来几个月推出两项计划，第一项涉及基础设施，第二项涉及健康和家庭护理。</blockquote></p><p>“The market isn’t placing very high odds on this infrastructure/tax blueprint coming to fruition and while Biden probably won’t get everything he’s asking for,&nbsp;Congressional Democrats and the White House are VERY intent on passing some substantial bills in the coming months,” Adam Crisafulli, founder of Vital Knowledge, said in a note.</p><p><blockquote>“Vital Knowledge 创始人亚当-克里萨富利（Adam Crisafulli）在一份报告中说：”市场对这一基础设施/税收蓝图的实现可能性并不高，虽然拜登可能不会得到他所要求的一切，但国会民主党人和白宫非常希望在未来几个月内通过一些实质性法案。</blockquote></p><p>The stock market is closed for the Good Friday holiday, but the March jobs report is still slated for release that morning. Economists expect 630,000 jobs were added in March, and the unemployment rate fell to 6% from 6.2%, according to Dow Jones.</p><p><blockquote>股市因耶稣受难日假期休市，但3月份就业报告仍定于当天上午发布。根据道琼斯的数据，经济学家预计 3 月份新增就业岗位 63 万个，失业率从 6.2% 降至 6%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/96819b78df36696eeccbf03ebd7c466d","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131213558","content_text":"(March 29) U.S. stocks opened lower Monday, dogged by concerns about the ripple effects from forced selling Friday by a large investment firm. The Dow Jones Industrial Average lost 139 points, 0.4%, to open near 32,934, while the S&P 500  opened 16 points, 0.4%, lower, near 3,958. The Nasdaq Composite index  was off 35 points, 0.3%, at the open, trading near 13,104. Shares of Boeing Co. jumped 2.6% after Southwest Airlines Inc. said it had ordered 100 of the Boeing 737 Max 7. Meanwhile, bond yields remained tame, with the 10-year U.S. Treasury note TMUBMUSD10Y, 1.662% down about 3 basis points to 1.654%.Stock futures added to losses Monday amid weakness in bank stocks caught in the downdraft of Friday’s margin call, though media shares rebounded after the stunning late-week selloff.Futures on the Dow Jones Industrial Average implied an opening loss of about 160 points. S&P 500 futures and Nasdaq 100 futures also traded in negative territory.Shares of ViacomCBS and Discovery both rebounded after coming underintense selling pressurelast week. The two companies were believed to be hit by forced liquidation of positions held by the multibillion dollar family office Archegos Capital Management, a source familiar with the situation told CNBC.Discovery gained more than 4% in premarket trading Monday while ViacomCBS rose more than 2%. The two companies had lost 27% apiece during Friday’s selloff.Elsewhere, Boeing was up 2.6% premarket on news that Southwest Airlines had added 100 orders for the airliner’s 737 Max jet. The first 30 jets are scheduled for delivery in 2022.However, futures overall were indicating negative. Credit Suisse shares tumbled 13% as the bank warned itwould face a “significant” hitto its first-quarter results due to the bank having to exit hedge fund positions related to the forced selling. Nomura also warned that it could get hit, sending its shares down nearly 15%.Bank stocks weighed on the Dow industrials, with Goldman Sachs down more than 3% and JPMorgan Chase off 1.4%. The weakness came as government bond yields edged lower to start the week.Though the market was taking a hit from the Archegos stumble, the situation is unlikely to have lasting impacts on the broader market, according to Bespoke Investment Group.“While other funds may be caught in the mess, we fail to see how this specific car crash of a trade ends up propagating across the financial system via counterparty default,” Bespoke said in its morning note. However, the firm did caution that investors should “get used to the GMEs and Archegos of the world, because they seem to be happening with more frequency even if their fall-out is contained.”On Friday, all three major benchmarks rallied to their session highs into the close with the blue-chip Dow closing about 450 points higher. The S&P 500 eventually climbed 1.7% to hit a record closing high. The Nasdaq Composite wiped out a 0.8% loss and ended Friday 1.2% higher.Traders are bracing for heightened volatility during this holiday-shortened week with quarter-end rebalancing among pension funds and other big investors. The recent swift advance in bond yields could set up money managers for big adjustments in their portfolios.The Dow and the S&P 500 have risen 6.9% and 4.3%, respectively, so far in March. The tech-heavy Nasdaq, however, has dipped 0.4% this month as some investors jumped high-flying technology names amid rising yields.Investors are awaiting updates from President Joe Biden about his infrastructure plan which could cost north of $3 trillion. The president is expected to unveil his plan when he travels to Pittsburgh on Wednesday. White House press secretary Jen Psaki said SundayBiden plans to roll out two packagesin the coming months, the first covering infrastructure and the second covering health and family care.“The market isn’t placing very high odds on this infrastructure/tax blueprint coming to fruition and while Biden probably won’t get everything he’s asking for, Congressional Democrats and the White House are VERY intent on passing some substantial bills in the coming months,” Adam Crisafulli, founder of Vital Knowledge, said in a note.The stock market is closed for the Good Friday holiday, but the March jobs report is still slated for release that morning. Economists expect 630,000 jobs were added in March, and the unemployment rate fell to 6% from 6.2%, according to Dow Jones.","news_type":1,"symbols_score_info":{"SPY":0.9,".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":605,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355198543,"gmtCreate":1617032752982,"gmtModify":1634522992740,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","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/355198543","repostId":"1131213558","repostType":4,"repost":{"id":"1131213558","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":1617024683,"share":"https://www.laohunote.com/m/news/1131213558?lang=zh_CN&edition=full","pubTime":"2021-03-29 21:31","market":"us","language":"en","title":"Stocks fall to start the week as impacts continue to be felt from margin-call rout<blockquote>由于继续感受到利润率看涨期权崩溃的影响，股市本周初下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1131213558","media":"Tiger Newspress","summary":"(March 29) U.S. stocks opened lower Monday, dogged by concerns about the ripple effects from forced ","content":"<p>(March 29)&nbsp;U.S. stocks opened lower Monday, dogged by concerns about the ripple effects from forced selling Friday by a large investment firm. </p><p><blockquote>（3月29日）美国由于担心一家大型投资公司周五强制抛售会产生连锁反应，股市周一开盘走低。</blockquote></p><p>The Dow Jones Industrial Average lost 139 points, 0.4%, to open near 32,934, while the S&amp;P 500  opened 16 points, 0.4%, lower, near 3,958. The Nasdaq Composite index  was off 35 points, 0.3%, at the open, trading near 13,104. </p><p><blockquote>道琼斯工业平均指数下跌 139 点，跌幅 0.4%，开盘于 32,934 点附近；标普500指数下跌 16 点，跌幅 0.4%，开盘于 3,958 点附近。纳斯达克综合指数开盘下跌 35 点，跌幅 0.3%，收于 13,104 点附近。</blockquote></p><p>Shares of Boeing Co. jumped 2.6% after Southwest Airlines Inc. said it had ordered 100 of the Boeing 737 Max 7. </p><p><blockquote>西南航空公司表示已订购 100 架波音 737 Max 7 后，波音公司股价上涨 2.6%。</blockquote></p><p>Meanwhile, bond yields remained tame, with the 10-year U.S. Treasury note TMUBMUSD10Y, 1.662% down about 3 basis points to 1.654%.</p><p><blockquote>与此同时，债券收益率依然温和，10年期美国国债TMUBMUSD10Y下跌1.662%约3个基点至1.654%。</blockquote></p><p>Stock futures added to losses Monday amid weakness in bank stocks caught in the downdraft of Friday’s margin call, though media shares rebounded after the stunning late-week selloff.</p><p><blockquote>周一，由于银行股在周五保证金看涨期权的下行中疲软，股指期货跌幅扩大，但媒体股在周末令人震惊的抛售后反弹。</blockquote></p><p>Futures on the Dow Jones Industrial Average implied an opening loss of about 160 points. S&amp;P 500 futures and Nasdaq 100 futures also traded in negative territory.</p><p><blockquote>道琼斯工业平均指数期货暗示开盘下跌约160点。标普500期货和纳斯达克100期货也在负值区域交易。</blockquote></p><p>Shares of ViacomCBS and Discovery both rebounded after coming underintense selling pressurelast week. The two companies were believed to be hit by forced liquidation of positions held by the multibillion dollar family office Archegos Capital Management, a source familiar with the situation told CNBC.</p><p><blockquote>维亚康姆哥伦比亚广播公司 (ViacomCBS) 和 Discovery 的股价在上周遭遇不太强烈的抛售压力后均出现反弹。一位知情人士告诉 CNBC，据信这两家公司受到了价值数十亿美元的家族理财室 Archegos Capital Management 持有头寸的强制清算的打击。</blockquote></p><p>Discovery gained more than 4% in premarket trading Monday while ViacomCBS rose more than 2%. The two companies had lost 27% apiece during Friday’s selloff.</p><p><blockquote>Discovery 在周一盘前交易中上涨超过 4%，而 ViacomCBS 则上涨超过 2%。在周五的抛售中，两家公司各损失了 27%。</blockquote></p><p>Elsewhere, Boeing was up 2.6% premarket on news that Southwest Airlines had added 100 orders for the airliner’s 737 Max jet. The first 30 jets are scheduled for delivery in 2022.</p><p><blockquote>在其他方面，波音公司盘前上涨了 2.6%，原因是西南航空公司（Southwest Airlines）增加了 100 架 737 Max 喷气式飞机的订单。首批 30 架飞机计划于 2022 年交付。</blockquote></p><p>However, futures overall were indicating negative. Credit Suisse shares tumbled 13% as the bank warned itwould face a “significant” hitto its first-quarter results due to the bank having to exit hedge fund positions related to the forced selling. Nomura also warned that it could get hit, sending its shares down nearly 15%.</p><p><blockquote>然而，期货总体表现不佳。瑞士信贷股价暴跌 13%，该银行警告称，由于该银行不得不退出与强制抛售相关的对冲基金头寸，其第一季度业绩将面临 “重大 ”打击。野村证券还警告称，它可能会受到打击，导致其股价下跌近 15%。</blockquote></p><p>Bank stocks weighed on the Dow industrials, with Goldman Sachs down more than 3% and JPMorgan Chase off 1.4%. The weakness came as government bond yields edged lower to start the week.</p><p><blockquote>银行股拖累道琼斯工业平均指数，高盛下跌超过 3%，摩根大通下跌 1.4%。本周初政府债券收益率小幅走低，导致疲软。</blockquote></p><p>Though the market was taking a hit from the Archegos stumble, the situation is unlikely to have lasting impacts on the broader market, according to Bespoke Investment Group.</p><p><blockquote>Bespoke Investment Group 表示，尽管市场受到了 Archegos 失误的打击，但这种情况不太可能对更广泛的市场产生持久影响。</blockquote></p><p>“While other funds may be caught in the mess, we fail to see how this specific car crash of a trade ends up propagating across the financial system via counterparty default,” Bespoke said in its morning note. However, the firm did caution that investors should “get used to the GMEs and Archegos of the world, because they seem to be happening with more frequency even if their fall-out is contained.”</p><p><blockquote>“Bespoke 在早间报告中说：”虽然其他基金可能会陷入困境，但我们没有看到这种特定的交易车祸最终会如何通过交易对手违约在整个金融体系蔓延。不过，该公司确实提醒说，投资者应该 “习惯世界上的 GME 和 Archegos，因为即使它们的影响得到控制，它们似乎也越来越频繁地发生”。</blockquote></p><p>On Friday, all three major benchmarks rallied to their session highs into the close with the blue-chip Dow closing about 450 points higher. The S&amp;P 500 eventually climbed 1.7% to hit a record closing high. The Nasdaq Composite wiped out a 0.8% loss and ended Friday 1.2% higher.</p><p><blockquote>周五，所有三大基准指数都反弹至盘中高点，蓝筹股道琼斯指数收盘上涨约450点。标普500最终上涨1.7%，创下收盘历史新高。纳斯达克综合指数抹去了 0.8% 的跌幅，周五收盘上涨 1.2%。</blockquote></p><p>Traders are bracing for heightened volatility during this holiday-shortened week with quarter-end rebalancing among pension funds and other big investors. The recent swift advance in bond yields could set up money managers for big adjustments in their portfolios.</p><p><blockquote>随着养老基金和其他大型投资者在季度末进行再平衡，交易员们正在为本周假期缩短的波动性加剧做好准备。最近债券收益率的快速上涨可能会促使基金经理对其投资组合进行重大调整。</blockquote></p><p>The Dow and the S&amp;P 500 have risen 6.9% and 4.3%, respectively, so far in March. The tech-heavy Nasdaq, however, has dipped 0.4% this month as some investors jumped high-flying technology names amid rising yields.</p><p><blockquote>3月份迄今为止，道琼斯指数和标普500指数分别上涨6.9%和4.3%。然而，由于一些投资者在收益率上升的情况下买入了飞涨的科技股，以科技股为主的纳斯达克本月下跌了 0.4%。</blockquote></p><p>Investors are awaiting updates from President Joe Biden about his infrastructure plan which could cost north of $3 trillion. The president is expected to unveil his plan when he travels to Pittsburgh on Wednesday. White House press secretary Jen Psaki said SundayBiden plans to roll out two packagesin the coming months, the first covering infrastructure and the second covering health and family care.</p><p><blockquote>投资者正在等待乔·拜登总统关于其基础设施计划的最新消息，该计划可能耗资超过 3 万亿美元。预计总统将在周三前往匹兹堡时公布他的计划。白宫新闻秘书珍·帕萨基周日表示，拜登计划在未来几个月推出两项计划，第一项涉及基础设施，第二项涉及健康和家庭护理。</blockquote></p><p>“The market isn’t placing very high odds on this infrastructure/tax blueprint coming to fruition and while Biden probably won’t get everything he’s asking for,&nbsp;Congressional Democrats and the White House are VERY intent on passing some substantial bills in the coming months,” Adam Crisafulli, founder of Vital Knowledge, said in a note.</p><p><blockquote>“Vital Knowledge 创始人亚当-克里萨富利（Adam Crisafulli）在一份报告中说：”市场对这一基础设施/税收蓝图的实现可能性并不高，虽然拜登可能不会得到他所要求的一切，但国会民主党人和白宫非常希望在未来几个月内通过一些实质性法案。</blockquote></p><p>The stock market is closed for the Good Friday holiday, but the March jobs report is still slated for release that morning. Economists expect 630,000 jobs were added in March, and the unemployment rate fell to 6% from 6.2%, according to Dow Jones.</p><p><blockquote>股市因耶稣受难日假期休市，但3月份就业报告仍定于当天上午发布。根据道琼斯的数据，经济学家预计 3 月份新增就业岗位 63 万个，失业率从 6.2% 降至 6%。</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>Stocks fall to start the week as impacts continue to be felt from margin-call rout<blockquote>由于继续感受到利润率看涨期权崩溃的影响，股市本周初下跌</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\">\nStocks fall to start the week as impacts continue to be felt from margin-call rout<blockquote>由于继续感受到利润率看涨期权崩溃的影响，股市本周初下跌</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\">2021-03-29 21:31</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(March 29)&nbsp;U.S. stocks opened lower Monday, dogged by concerns about the ripple effects from forced selling Friday by a large investment firm. </p><p><blockquote>（3月29日）美国由于担心一家大型投资公司周五强制抛售会产生连锁反应，股市周一开盘走低。</blockquote></p><p>The Dow Jones Industrial Average lost 139 points, 0.4%, to open near 32,934, while the S&amp;P 500  opened 16 points, 0.4%, lower, near 3,958. The Nasdaq Composite index  was off 35 points, 0.3%, at the open, trading near 13,104. </p><p><blockquote>道琼斯工业平均指数下跌 139 点，跌幅 0.4%，开盘于 32,934 点附近；标普500指数下跌 16 点，跌幅 0.4%，开盘于 3,958 点附近。纳斯达克综合指数开盘下跌 35 点，跌幅 0.3%，收于 13,104 点附近。</blockquote></p><p>Shares of Boeing Co. jumped 2.6% after Southwest Airlines Inc. said it had ordered 100 of the Boeing 737 Max 7. </p><p><blockquote>西南航空公司表示已订购 100 架波音 737 Max 7 后，波音公司股价上涨 2.6%。</blockquote></p><p>Meanwhile, bond yields remained tame, with the 10-year U.S. Treasury note TMUBMUSD10Y, 1.662% down about 3 basis points to 1.654%.</p><p><blockquote>与此同时，债券收益率依然温和，10年期美国国债TMUBMUSD10Y下跌1.662%约3个基点至1.654%。</blockquote></p><p>Stock futures added to losses Monday amid weakness in bank stocks caught in the downdraft of Friday’s margin call, though media shares rebounded after the stunning late-week selloff.</p><p><blockquote>周一，由于银行股在周五保证金看涨期权的下行中疲软，股指期货跌幅扩大，但媒体股在周末令人震惊的抛售后反弹。</blockquote></p><p>Futures on the Dow Jones Industrial Average implied an opening loss of about 160 points. S&amp;P 500 futures and Nasdaq 100 futures also traded in negative territory.</p><p><blockquote>道琼斯工业平均指数期货暗示开盘下跌约160点。标普500期货和纳斯达克100期货也在负值区域交易。</blockquote></p><p>Shares of ViacomCBS and Discovery both rebounded after coming underintense selling pressurelast week. The two companies were believed to be hit by forced liquidation of positions held by the multibillion dollar family office Archegos Capital Management, a source familiar with the situation told CNBC.</p><p><blockquote>维亚康姆哥伦比亚广播公司 (ViacomCBS) 和 Discovery 的股价在上周遭遇不太强烈的抛售压力后均出现反弹。一位知情人士告诉 CNBC，据信这两家公司受到了价值数十亿美元的家族理财室 Archegos Capital Management 持有头寸的强制清算的打击。</blockquote></p><p>Discovery gained more than 4% in premarket trading Monday while ViacomCBS rose more than 2%. The two companies had lost 27% apiece during Friday’s selloff.</p><p><blockquote>Discovery 在周一盘前交易中上涨超过 4%，而 ViacomCBS 则上涨超过 2%。在周五的抛售中，两家公司各损失了 27%。</blockquote></p><p>Elsewhere, Boeing was up 2.6% premarket on news that Southwest Airlines had added 100 orders for the airliner’s 737 Max jet. The first 30 jets are scheduled for delivery in 2022.</p><p><blockquote>在其他方面，波音公司盘前上涨了 2.6%，原因是西南航空公司（Southwest Airlines）增加了 100 架 737 Max 喷气式飞机的订单。首批 30 架飞机计划于 2022 年交付。</blockquote></p><p>However, futures overall were indicating negative. Credit Suisse shares tumbled 13% as the bank warned itwould face a “significant” hitto its first-quarter results due to the bank having to exit hedge fund positions related to the forced selling. Nomura also warned that it could get hit, sending its shares down nearly 15%.</p><p><blockquote>然而，期货总体表现不佳。瑞士信贷股价暴跌 13%，该银行警告称，由于该银行不得不退出与强制抛售相关的对冲基金头寸，其第一季度业绩将面临 “重大 ”打击。野村证券还警告称，它可能会受到打击，导致其股价下跌近 15%。</blockquote></p><p>Bank stocks weighed on the Dow industrials, with Goldman Sachs down more than 3% and JPMorgan Chase off 1.4%. The weakness came as government bond yields edged lower to start the week.</p><p><blockquote>银行股拖累道琼斯工业平均指数，高盛下跌超过 3%，摩根大通下跌 1.4%。本周初政府债券收益率小幅走低，导致疲软。</blockquote></p><p>Though the market was taking a hit from the Archegos stumble, the situation is unlikely to have lasting impacts on the broader market, according to Bespoke Investment Group.</p><p><blockquote>Bespoke Investment Group 表示，尽管市场受到了 Archegos 失误的打击，但这种情况不太可能对更广泛的市场产生持久影响。</blockquote></p><p>“While other funds may be caught in the mess, we fail to see how this specific car crash of a trade ends up propagating across the financial system via counterparty default,” Bespoke said in its morning note. However, the firm did caution that investors should “get used to the GMEs and Archegos of the world, because they seem to be happening with more frequency even if their fall-out is contained.”</p><p><blockquote>“Bespoke 在早间报告中说：”虽然其他基金可能会陷入困境，但我们没有看到这种特定的交易车祸最终会如何通过交易对手违约在整个金融体系蔓延。不过，该公司确实提醒说，投资者应该 “习惯世界上的 GME 和 Archegos，因为即使它们的影响得到控制，它们似乎也越来越频繁地发生”。</blockquote></p><p>On Friday, all three major benchmarks rallied to their session highs into the close with the blue-chip Dow closing about 450 points higher. The S&amp;P 500 eventually climbed 1.7% to hit a record closing high. The Nasdaq Composite wiped out a 0.8% loss and ended Friday 1.2% higher.</p><p><blockquote>周五，所有三大基准指数都反弹至盘中高点，蓝筹股道琼斯指数收盘上涨约450点。标普500最终上涨1.7%，创下收盘历史新高。纳斯达克综合指数抹去了 0.8% 的跌幅，周五收盘上涨 1.2%。</blockquote></p><p>Traders are bracing for heightened volatility during this holiday-shortened week with quarter-end rebalancing among pension funds and other big investors. The recent swift advance in bond yields could set up money managers for big adjustments in their portfolios.</p><p><blockquote>随着养老基金和其他大型投资者在季度末进行再平衡，交易员们正在为本周假期缩短的波动性加剧做好准备。最近债券收益率的快速上涨可能会促使基金经理对其投资组合进行重大调整。</blockquote></p><p>The Dow and the S&amp;P 500 have risen 6.9% and 4.3%, respectively, so far in March. The tech-heavy Nasdaq, however, has dipped 0.4% this month as some investors jumped high-flying technology names amid rising yields.</p><p><blockquote>3月份迄今为止，道琼斯指数和标普500指数分别上涨6.9%和4.3%。然而，由于一些投资者在收益率上升的情况下买入了飞涨的科技股，以科技股为主的纳斯达克本月下跌了 0.4%。</blockquote></p><p>Investors are awaiting updates from President Joe Biden about his infrastructure plan which could cost north of $3 trillion. The president is expected to unveil his plan when he travels to Pittsburgh on Wednesday. White House press secretary Jen Psaki said SundayBiden plans to roll out two packagesin the coming months, the first covering infrastructure and the second covering health and family care.</p><p><blockquote>投资者正在等待乔·拜登总统关于其基础设施计划的最新消息，该计划可能耗资超过 3 万亿美元。预计总统将在周三前往匹兹堡时公布他的计划。白宫新闻秘书珍·帕萨基周日表示，拜登计划在未来几个月推出两项计划，第一项涉及基础设施，第二项涉及健康和家庭护理。</blockquote></p><p>“The market isn’t placing very high odds on this infrastructure/tax blueprint coming to fruition and while Biden probably won’t get everything he’s asking for,&nbsp;Congressional Democrats and the White House are VERY intent on passing some substantial bills in the coming months,” Adam Crisafulli, founder of Vital Knowledge, said in a note.</p><p><blockquote>“Vital Knowledge 创始人亚当-克里萨富利（Adam Crisafulli）在一份报告中说：”市场对这一基础设施/税收蓝图的实现可能性并不高，虽然拜登可能不会得到他所要求的一切，但国会民主党人和白宫非常希望在未来几个月内通过一些实质性法案。</blockquote></p><p>The stock market is closed for the Good Friday holiday, but the March jobs report is still slated for release that morning. Economists expect 630,000 jobs were added in March, and the unemployment rate fell to 6% from 6.2%, according to Dow Jones.</p><p><blockquote>股市因耶稣受难日假期休市，但3月份就业报告仍定于当天上午发布。根据道琼斯的数据，经济学家预计 3 月份新增就业岗位 63 万个，失业率从 6.2% 降至 6%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/96819b78df36696eeccbf03ebd7c466d","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131213558","content_text":"(March 29) U.S. stocks opened lower Monday, dogged by concerns about the ripple effects from forced selling Friday by a large investment firm. The Dow Jones Industrial Average lost 139 points, 0.4%, to open near 32,934, while the S&P 500  opened 16 points, 0.4%, lower, near 3,958. The Nasdaq Composite index  was off 35 points, 0.3%, at the open, trading near 13,104. Shares of Boeing Co. jumped 2.6% after Southwest Airlines Inc. said it had ordered 100 of the Boeing 737 Max 7. Meanwhile, bond yields remained tame, with the 10-year U.S. Treasury note TMUBMUSD10Y, 1.662% down about 3 basis points to 1.654%.Stock futures added to losses Monday amid weakness in bank stocks caught in the downdraft of Friday’s margin call, though media shares rebounded after the stunning late-week selloff.Futures on the Dow Jones Industrial Average implied an opening loss of about 160 points. S&P 500 futures and Nasdaq 100 futures also traded in negative territory.Shares of ViacomCBS and Discovery both rebounded after coming underintense selling pressurelast week. The two companies were believed to be hit by forced liquidation of positions held by the multibillion dollar family office Archegos Capital Management, a source familiar with the situation told CNBC.Discovery gained more than 4% in premarket trading Monday while ViacomCBS rose more than 2%. The two companies had lost 27% apiece during Friday’s selloff.Elsewhere, Boeing was up 2.6% premarket on news that Southwest Airlines had added 100 orders for the airliner’s 737 Max jet. The first 30 jets are scheduled for delivery in 2022.However, futures overall were indicating negative. Credit Suisse shares tumbled 13% as the bank warned itwould face a “significant” hitto its first-quarter results due to the bank having to exit hedge fund positions related to the forced selling. Nomura also warned that it could get hit, sending its shares down nearly 15%.Bank stocks weighed on the Dow industrials, with Goldman Sachs down more than 3% and JPMorgan Chase off 1.4%. The weakness came as government bond yields edged lower to start the week.Though the market was taking a hit from the Archegos stumble, the situation is unlikely to have lasting impacts on the broader market, according to Bespoke Investment Group.“While other funds may be caught in the mess, we fail to see how this specific car crash of a trade ends up propagating across the financial system via counterparty default,” Bespoke said in its morning note. However, the firm did caution that investors should “get used to the GMEs and Archegos of the world, because they seem to be happening with more frequency even if their fall-out is contained.”On Friday, all three major benchmarks rallied to their session highs into the close with the blue-chip Dow closing about 450 points higher. The S&P 500 eventually climbed 1.7% to hit a record closing high. The Nasdaq Composite wiped out a 0.8% loss and ended Friday 1.2% higher.Traders are bracing for heightened volatility during this holiday-shortened week with quarter-end rebalancing among pension funds and other big investors. The recent swift advance in bond yields could set up money managers for big adjustments in their portfolios.The Dow and the S&P 500 have risen 6.9% and 4.3%, respectively, so far in March. The tech-heavy Nasdaq, however, has dipped 0.4% this month as some investors jumped high-flying technology names amid rising yields.Investors are awaiting updates from President Joe Biden about his infrastructure plan which could cost north of $3 trillion. The president is expected to unveil his plan when he travels to Pittsburgh on Wednesday. White House press secretary Jen Psaki said SundayBiden plans to roll out two packagesin the coming months, the first covering infrastructure and the second covering health and family care.“The market isn’t placing very high odds on this infrastructure/tax blueprint coming to fruition and while Biden probably won’t get everything he’s asking for, Congressional Democrats and the White House are VERY intent on passing some substantial bills in the coming months,” Adam Crisafulli, founder of Vital Knowledge, said in a note.The stock market is closed for the Good Friday holiday, but the March jobs report is still slated for release that morning. Economists expect 630,000 jobs were added in March, and the unemployment rate fell to 6% from 6.2%, according to Dow Jones.","news_type":1,"symbols_score_info":{"SPY":0.9,".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":817,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355351820,"gmtCreate":1617030305960,"gmtModify":1634523015920,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","htmlText":"So how is this going to affect us?","listText":"So how is this going to affect us?","text":"So how is this going to affect us?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/355351820","repostId":"1193371328","repostType":4,"repost":{"id":"1193371328","kind":"news","pubTimestamp":1617024119,"share":"https://www.laohunote.com/m/news/1193371328?lang=zh_CN&edition=full","pubTime":"2021-03-29 21:21","market":"us","language":"en","title":"CFDs - The Dirty Little Secret Behind The Collapse Of Archegos<blockquote>CFDs - Archegos 崩溃背后的肮脏小秘密</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193371328","media":"zerohedge","summary":"Stop us if you've heard this one before -Wall Street prime brokers allowed hedge funds to dance whil","content":"<p>Stop us if you've heard this one before -<i>Wall Street prime brokers allowed hedge funds to dance while the music was playing with ever greater leverage in off-exchange and unregulated derivatives... until the first sign of trouble and the whole house of cards comes crashing down in a potentially systemic manner</i>.</p><p><blockquote>如果你以前听过这个，请阻止我们-<i>华尔街的主要经纪商允许对冲基金跳舞，而场外和不受监管的衍生品的杠杆作用越来越大……直到麻烦的第一个迹象出现，整个纸牌屋以潜在的系统性方式崩溃</i>.</blockquote></p><p> The bloodbath in various media stocks on Friday has brought light back to one of the dark corners of the equity trading business -<b>so-called contracts-for-differences (CFDs).</b></p><p><blockquote>周五多家媒体股的大屠杀让股票交易行业的一个黑暗角落重见天日——<b>所谓的差价合约（CFD）。</b></blockquote></p><p> As Bloomberg reports, much of the leverage used by Hwang’s&nbsp;Archegos Capital was provided by banks including&nbsp;Nomura and&nbsp;Credit Suisse -who have most recently admitted huge losses- as<b>CFDs, which are made off exchanges, allow managers like Hwang to amass stakes in publicly traded companies without having to declare their holdings</b>(far in excess of the 5% stakes that require regulatory reporting).</p><p><blockquote>据彭博社报道，黄的 Archegos Capital 使用的大部分杠杆是由野村证券（Nomura）和瑞士信贷（Credit Suisse）等银行提供的，这两家银行最近都承认了巨额亏损。<b>差价合约是在交易所发行的，它允许像黄这样的经理人积累上市公司的股份，而不必申报他们的持股情况</b>（远远超过监管报告要求的5%股份）。</blockquote></p><p> Crucially,as Bloomberg notes,this means<b>Archegos may never actually have owned most of the underlying securities - if any at all</b>- as the CFD is akin to a privately-arranged (i.e. off exchange and bespoke) futures contract where the differences in the settlement between the open and closing trade prices are cash-settled (there is no delivery of physical goods or securities with CFDs).</p><p><blockquote>至关重要的是，正如彭博社指出的，这意味着<b>Archegos 实际上可能从未拥有大部分基础证券（如果有的话）</b>-由于差价合约类似于私人安排（即场外和定制）期货合约，其中开盘价和收盘价之间的结算差额以现金结算（差价合约不交付实物货物或证券）。</blockquote></p><p> What makes the situation worse is that<b>Archegos reportedly took positions in these CFDs with various prime brokers</b>- and because these positions are by their nature not centrally cleared or aggregated, this left prime broker X unaware of their client's exposures with prime broker Y... which in this case was huge.</p><p><blockquote>更糟糕的是<b>据报道，Archegos 与多家主要经纪商持有这些差价合约头寸</b>- 由于这些头寸本质上不是集中清算或汇总的，因此 prime broker X 并不知道其客户在 prime broker Y 的风险敞口……在这种情况下，这是巨大的。</blockquote></p><p> The leverage Hwang was given made him look like a trading genius as the various positions he took were pumped and pumped (and helped by gamma-squeezers) but now look like a reckless gambling fool as the bets collapsed.</p><p><blockquote>黄获得的杠杆作用让他看起来像一个交易天才，因为他持有的各种头寸被不断增加（并得到了伽马挤压器的帮助），但现在随着赌注的崩溃，他看起来像一个鲁莽的赌博傻瓜。</blockquote></p><p> CFDs linked to stocks (with a gross market value of around $282 billion at end June 2020) are among bespoke derivatives that investors trade privately between themselves, or over-the-counter, instead of through public exchanges.<b>This is exactly the kind of hidden risk that amplified the losses during the 2008 financial crisis.</b></p><p><blockquote>与股票挂钩的差价合约（截至 2020 年 6 月底，总市值约为 2820 亿美元）是定制衍生品之一，投资者可以在彼此之间私下或场外交易，而不是通过公共交易所进行交易。<b>这正是2008年金融危机期间放大损失的那种隐患。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/ffab65c57ee35df93f6a6087e1136e5b\" tg-width=\"500\" tg-height=\"321\">AsBloombergnotes,<b>regulators have begun clamping down on CFDs in recent years because they’re concerned the derivatives are too complex and too risky for retail investors,</b>with the European Securities and Markets Authority in 2018&nbsp;restricting&nbsp;the distribution to individuals and capping leverage. In the U.S., CFDs are largely banned for amateur traders... but not for hedge fund managers who are \"sophisticated\"?</p><p><blockquote>正如彭博社指出的，<b>近年来，监管机构开始打击差价合约，因为他们担心这种衍生品对散户投资者来说过于复杂和风险太大、</b>欧洲证券和市场管理局在2018年限制向个人分配并限制杠杆。在美国，业余交易者基本上禁止差价合约……但对于“老练”的对冲基金经理来说就不是了？</blockquote></p><p> But,<b>banks still favor them because they can make a large profit without needing to set aside as much capital versus trading actual securities</b>(driven to this opaque market as an unintended consequence of heavy regulation following the 2008 financial crisis).</p><p><blockquote>但是，<b>银行仍然青睐它们，因为与交易实际证券相比，它们无需预留那么多资金即可赚取巨额利润</b>（2008年金融危机后严格监管的意外后果，导致这个不透明的市场）。</blockquote></p><p> In the case of Archegos, there is very little transparency about Hwang’s trades, but market participants suggest his assets had grown to anywhere from $5 billion to $10 billion in recent years with<b>total exposure topping $50 billion</b>. And bear in mind,<b>this is not 'leverage' in the old-fashioned sense</b>(i.e. banks allow you buy X-times the amount of stocks relative to your capital); this is<b>purely synthetic</b>- the firm has no actual underlying asset to fall back on, but is linearly exposed to losses (and gains) on a margined basis.</p><p><blockquote>就 Archegos 而言，Hwang 的交易几乎没有透明度，但市场参与者认为，近年来他的资产已增长到 50 亿至 100 亿美元。<b>总风险敞口超过 500 亿美元</b>记住，<b>这不是老式意义上的“杠杆”</b>（即银行允许你购买相对于你的资本数量X倍的股票）；这是<b>纯合成</b>- 该公司没有实际的基础资产可以依赖，但在边际基础上面临线性损失（和收益）。</blockquote></p><p> And as we noted at the beginning,<b>this has the potential to be much more systemic</b>as the losses created by Archegos' margin calls trigger more margin calls and more potential losses for the prime brokers. Think we are exaggerating, then explain why the costs of counterparty risk hedging for Credit Suisse for example, has exploded in the last few days...</p><p><blockquote>正如我们在开头提到的，<b>这有可能变得更加系统化</b>由于 Archegos 的保证金评级造成的损失引发了更多的保证金评级和主要经纪商的更多潜在损失。认为我们夸大其词，然后解释一下为什么瑞士信贷的交易对手风险对冲成本在过去几天里激增……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/28842de72b88aa4010edfcfa798fa5af\" tg-width=\"500\" tg-height=\"273\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> Mohammed El-Erian told CNBC this morning that<i><b>\"It seems to be a one-off ... for now, it looks contained. And that's a good thing.\" But added \"what we don't want is a pile-up.\"</b></i></p><p><blockquote>穆罕默德·埃尔-埃里安今天早上告诉 CNBC<i><b>“这似乎是一次性的……目前看来，它看起来很可控。这是一件好事。”但补充说“我们不想要的是堆积如山。”</b></i></blockquote></p><p> We look forward to the Congressional hearings on this.</p><p><blockquote>我们期待国会就此举行听证会。</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>CFDs - The Dirty Little Secret Behind The Collapse Of Archegos<blockquote>CFDs - Archegos 崩溃背后的肮脏小秘密</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\">\nCFDs - The Dirty Little Secret Behind The Collapse Of Archegos<blockquote>CFDs - Archegos 崩溃背后的肮脏小秘密</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-03-29 21:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Stop us if you've heard this one before -<i>Wall Street prime brokers allowed hedge funds to dance while the music was playing with ever greater leverage in off-exchange and unregulated derivatives... until the first sign of trouble and the whole house of cards comes crashing down in a potentially systemic manner</i>.</p><p><blockquote>如果你以前听过这个，请阻止我们-<i>华尔街的主要经纪商允许对冲基金跳舞，而场外和不受监管的衍生品的杠杆作用越来越大……直到麻烦的第一个迹象出现，整个纸牌屋以潜在的系统性方式崩溃</i>.</blockquote></p><p> The bloodbath in various media stocks on Friday has brought light back to one of the dark corners of the equity trading business -<b>so-called contracts-for-differences (CFDs).</b></p><p><blockquote>周五多家媒体股的大屠杀让股票交易行业的一个黑暗角落重见天日——<b>所谓的差价合约（CFD）。</b></blockquote></p><p> As Bloomberg reports, much of the leverage used by Hwang’s&nbsp;Archegos Capital was provided by banks including&nbsp;Nomura and&nbsp;Credit Suisse -who have most recently admitted huge losses- as<b>CFDs, which are made off exchanges, allow managers like Hwang to amass stakes in publicly traded companies without having to declare their holdings</b>(far in excess of the 5% stakes that require regulatory reporting).</p><p><blockquote>据彭博社报道，黄的 Archegos Capital 使用的大部分杠杆是由野村证券（Nomura）和瑞士信贷（Credit Suisse）等银行提供的，这两家银行最近都承认了巨额亏损。<b>差价合约是在交易所发行的，它允许像黄这样的经理人积累上市公司的股份，而不必申报他们的持股情况</b>（远远超过监管报告要求的5%股份）。</blockquote></p><p> Crucially,as Bloomberg notes,this means<b>Archegos may never actually have owned most of the underlying securities - if any at all</b>- as the CFD is akin to a privately-arranged (i.e. off exchange and bespoke) futures contract where the differences in the settlement between the open and closing trade prices are cash-settled (there is no delivery of physical goods or securities with CFDs).</p><p><blockquote>至关重要的是，正如彭博社指出的，这意味着<b>Archegos 实际上可能从未拥有大部分基础证券（如果有的话）</b>-由于差价合约类似于私人安排（即场外和定制）期货合约，其中开盘价和收盘价之间的结算差额以现金结算（差价合约不交付实物货物或证券）。</blockquote></p><p> What makes the situation worse is that<b>Archegos reportedly took positions in these CFDs with various prime brokers</b>- and because these positions are by their nature not centrally cleared or aggregated, this left prime broker X unaware of their client's exposures with prime broker Y... which in this case was huge.</p><p><blockquote>更糟糕的是<b>据报道，Archegos 与多家主要经纪商持有这些差价合约头寸</b>- 由于这些头寸本质上不是集中清算或汇总的，因此 prime broker X 并不知道其客户在 prime broker Y 的风险敞口……在这种情况下，这是巨大的。</blockquote></p><p> The leverage Hwang was given made him look like a trading genius as the various positions he took were pumped and pumped (and helped by gamma-squeezers) but now look like a reckless gambling fool as the bets collapsed.</p><p><blockquote>黄获得的杠杆作用让他看起来像一个交易天才，因为他持有的各种头寸被不断增加（并得到了伽马挤压器的帮助），但现在随着赌注的崩溃，他看起来像一个鲁莽的赌博傻瓜。</blockquote></p><p> CFDs linked to stocks (with a gross market value of around $282 billion at end June 2020) are among bespoke derivatives that investors trade privately between themselves, or over-the-counter, instead of through public exchanges.<b>This is exactly the kind of hidden risk that amplified the losses during the 2008 financial crisis.</b></p><p><blockquote>与股票挂钩的差价合约（截至 2020 年 6 月底，总市值约为 2820 亿美元）是定制衍生品之一，投资者可以在彼此之间私下或场外交易，而不是通过公共交易所进行交易。<b>这正是2008年金融危机期间放大损失的那种隐患。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/ffab65c57ee35df93f6a6087e1136e5b\" tg-width=\"500\" tg-height=\"321\">AsBloombergnotes,<b>regulators have begun clamping down on CFDs in recent years because they’re concerned the derivatives are too complex and too risky for retail investors,</b>with the European Securities and Markets Authority in 2018&nbsp;restricting&nbsp;the distribution to individuals and capping leverage. In the U.S., CFDs are largely banned for amateur traders... but not for hedge fund managers who are \"sophisticated\"?</p><p><blockquote>正如彭博社指出的，<b>近年来，监管机构开始打击差价合约，因为他们担心这种衍生品对散户投资者来说过于复杂和风险太大、</b>欧洲证券和市场管理局在2018年限制向个人分配并限制杠杆。在美国，业余交易者基本上禁止差价合约……但对于“老练”的对冲基金经理来说就不是了？</blockquote></p><p> But,<b>banks still favor them because they can make a large profit without needing to set aside as much capital versus trading actual securities</b>(driven to this opaque market as an unintended consequence of heavy regulation following the 2008 financial crisis).</p><p><blockquote>但是，<b>银行仍然青睐它们，因为与交易实际证券相比，它们无需预留那么多资金即可赚取巨额利润</b>（2008年金融危机后严格监管的意外后果，导致这个不透明的市场）。</blockquote></p><p> In the case of Archegos, there is very little transparency about Hwang’s trades, but market participants suggest his assets had grown to anywhere from $5 billion to $10 billion in recent years with<b>total exposure topping $50 billion</b>. And bear in mind,<b>this is not 'leverage' in the old-fashioned sense</b>(i.e. banks allow you buy X-times the amount of stocks relative to your capital); this is<b>purely synthetic</b>- the firm has no actual underlying asset to fall back on, but is linearly exposed to losses (and gains) on a margined basis.</p><p><blockquote>就 Archegos 而言，Hwang 的交易几乎没有透明度，但市场参与者认为，近年来他的资产已增长到 50 亿至 100 亿美元。<b>总风险敞口超过 500 亿美元</b>记住，<b>这不是老式意义上的“杠杆”</b>（即银行允许你购买相对于你的资本数量X倍的股票）；这是<b>纯合成</b>- 该公司没有实际的基础资产可以依赖，但在边际基础上面临线性损失（和收益）。</blockquote></p><p> And as we noted at the beginning,<b>this has the potential to be much more systemic</b>as the losses created by Archegos' margin calls trigger more margin calls and more potential losses for the prime brokers. Think we are exaggerating, then explain why the costs of counterparty risk hedging for Credit Suisse for example, has exploded in the last few days...</p><p><blockquote>正如我们在开头提到的，<b>这有可能变得更加系统化</b>由于 Archegos 的保证金评级造成的损失引发了更多的保证金评级和主要经纪商的更多潜在损失。认为我们夸大其词，然后解释一下为什么瑞士信贷的交易对手风险对冲成本在过去几天里激增……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/28842de72b88aa4010edfcfa798fa5af\" tg-width=\"500\" tg-height=\"273\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> Mohammed El-Erian told CNBC this morning that<i><b>\"It seems to be a one-off ... for now, it looks contained. And that's a good thing.\" But added \"what we don't want is a pile-up.\"</b></i></p><p><blockquote>穆罕默德·埃尔-埃里安今天早上告诉 CNBC<i><b>“这似乎是一次性的……目前看来，它看起来很可控。这是一件好事。”但补充说“我们不想要的是堆积如山。”</b></i></blockquote></p><p> We look forward to the Congressional hearings on this.</p><p><blockquote>我们期待国会就此举行听证会。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/cfds-dirty-little-secret-behind-collapse-archegos?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">zerohedge</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.zerohedge.com/markets/cfds-dirty-little-secret-behind-collapse-archegos?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193371328","content_text":"Stop us if you've heard this one before -Wall Street prime brokers allowed hedge funds to dance while the music was playing with ever greater leverage in off-exchange and unregulated derivatives... until the first sign of trouble and the whole house of cards comes crashing down in a potentially systemic manner.\nThe bloodbath in various media stocks on Friday has brought light back to one of the dark corners of the equity trading business -so-called contracts-for-differences (CFDs).\nAs Bloomberg reports, much of the leverage used by Hwang’s Archegos Capital was provided by banks including Nomura and Credit Suisse -who have most recently admitted huge losses- asCFDs, which are made off exchanges, allow managers like Hwang to amass stakes in publicly traded companies without having to declare their holdings(far in excess of the 5% stakes that require regulatory reporting).\nCrucially,as Bloomberg notes,this meansArchegos may never actually have owned most of the underlying securities - if any at all- as the CFD is akin to a privately-arranged (i.e. off exchange and bespoke) futures contract where the differences in the settlement between the open and closing trade prices are cash-settled (there is no delivery of physical goods or securities with CFDs).\nWhat makes the situation worse is thatArchegos reportedly took positions in these CFDs with various prime brokers- and because these positions are by their nature not centrally cleared or aggregated, this left prime broker X unaware of their client's exposures with prime broker Y... which in this case was huge.\nThe leverage Hwang was given made him look like a trading genius as the various positions he took were pumped and pumped (and helped by gamma-squeezers) but now look like a reckless gambling fool as the bets collapsed.\nCFDs linked to stocks (with a gross market value of around $282 billion at end June 2020) are among bespoke derivatives that investors trade privately between themselves, or over-the-counter, instead of through public exchanges.This is exactly the kind of hidden risk that amplified the losses during the 2008 financial crisis.\nAsBloombergnotes,regulators have begun clamping down on CFDs in recent years because they’re concerned the derivatives are too complex and too risky for retail investors,with the European Securities and Markets Authority in 2018 restricting the distribution to individuals and capping leverage. In the U.S., CFDs are largely banned for amateur traders... but not for hedge fund managers who are \"sophisticated\"?\nBut,banks still favor them because they can make a large profit without needing to set aside as much capital versus trading actual securities(driven to this opaque market as an unintended consequence of heavy regulation following the 2008 financial crisis).\nIn the case of Archegos, there is very little transparency about Hwang’s trades, but market participants suggest his assets had grown to anywhere from $5 billion to $10 billion in recent years withtotal exposure topping $50 billion. And bear in mind,this is not 'leverage' in the old-fashioned sense(i.e. banks allow you buy X-times the amount of stocks relative to your capital); this ispurely synthetic- the firm has no actual underlying asset to fall back on, but is linearly exposed to losses (and gains) on a margined basis.\nAnd as we noted at the beginning,this has the potential to be much more systemicas the losses created by Archegos' margin calls trigger more margin calls and more potential losses for the prime brokers. Think we are exaggerating, then explain why the costs of counterparty risk hedging for Credit Suisse for example, has exploded in the last few days...\nSource: Bloomberg\nMohammed El-Erian told CNBC this morning that\"It seems to be a one-off ... for now, it looks contained. And that's a good thing.\" But added \"what we don't want is a pile-up.\"\nWe look forward to the Congressional hearings on this.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1273,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352799920,"gmtCreate":1617001340660,"gmtModify":1634523207565,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>:(","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>:(","text":"$AMC Entertainment(AMC)$:(","images":[{"img":"https://static.tigerbbs.com/304af66cb29a993dd6e20688ea5f3786","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/352799920","isVote":1,"tweetType":1,"viewCount":701,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":353932554,"gmtCreate":1616453818378,"gmtModify":1634525796780,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","htmlText":"I see....","listText":"I see....","text":"I see....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/353932554","repostId":"1162363864","repostType":4,"repost":{"id":"1162363864","kind":"news","pubTimestamp":1616372849,"share":"https://www.laohunote.com/m/news/1162363864?lang=zh_CN&edition=full","pubTime":"2021-03-22 08:27","market":"us","language":"en","title":"GameStop, Adobe, Honeywell, Darden Restaurants, and Other Stocks for Investors to Watch This Week<blockquote>游戏驿站、Adobe、霍尼韦尔、达顿餐厅和其他投资者本周值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1162363864","media":"barrons","summary":"The earnings calendar is again sparse this week, during a quiet period between earnings seasons. The","content":"<p>The earnings calendar is again sparse this week,&nbsp;during a quiet&nbsp;period between earnings seasons. The handful of major companies reporting includeAdobeandGameStopon Tuesday,General Millson Wednesday, andDarden Restaurantson Thursday. Unilever andHoneywellInternational will host investor events on Monday and Thursday, respectively. And shareholders ofHuntington BancsharesandTCF Financialwill vote on the companies’ proposed merger on Thursday.</p><p><blockquote>本周，在财报季之间的平静时期，财报日历再次稀疏。少数几家主要公司包括周二的 Adobe 和 GameStop、周三的 General Millson 和周四的 Darden Restaurant。联合利华和霍尼韦尔国际公司将分别于周一和周四举办投资者活动。亨廷顿银行（Huntington Bancshares）和 TCF Financial 的股东将于周四就两家公司的合并提案进行投票。</blockquote></p><p> Economic data out this week includes the Census Bureau’s February durable goods report—seen as a decent proxy for business investment—and&nbsp;IHS Markit’sManufacturing and Services Purchasing Managers’ indexes for March, all on Wednesday. On Friday, the Bureau of Economic Analysis will report personal income and spending data for February. The Federal Reserve’s preferred measure of inflation,&nbsp;the Personal Consumption Expenditures Price Index for February, will also be out on Friday.</p><p><blockquote>本周公布的经济数据包括人口普查局（Census Bureau）的 2 月份耐用品报告（被视为商业投资的良好代表）以及 IHS Markit 的 3 月份制造业和服务业采购经理人指数，所有这些数据都将在周三公布。周五，经济分析局将公布2月份个人收入和支出数据。美联储首选的通胀指标--2 月份个人消费支出价格指数也将于周五公布。</blockquote></p><p> Other releases include the National Association of Realtors’&nbsp;existing-home sales data for February on Monday and the Census Bureau’s new single-family home sales for February on Tuesday. Finally on Thursday, the Bureau of Economic Analysis’&nbsp;third and final estimate for fourth-quarter 2020 GDP is expected to be unchanged from its second estimate in late February,&nbsp;at a 4.1% annualized rate of growth.</p><p><blockquote>其他公布的数据包括全美房地产经纪人协会周一公布的 2 月份成屋销售数据和人口普查局周二公布的 2 月份新增单户住宅销售数据。最后，在本周四，经济分析局对 2020 年第四季度 GDP 的第三次也是最终估算预计将与 2 月底的第二次估算持平，年化增长率为 4.1%。</blockquote></p><p> Monday 3/22</p><p><blockquote>3/22星期一</blockquote></p><p> <b>The National Association</b>of Realtors reports existing-home sales for February. Consensus estimate is for a seasonally adjusted annual rate of 6.55 million homes sold, slightly lower than the January data. The median existing-home sales price was $303,900 in January, up 14.1% year over year, as housing inventory hit a record low.</p><p><blockquote><b>全国协会</b>房地产经纪人报告二月份的现房销售情况。普遍估计，经季节性调整后的年销量为 655 万套，略低于 1 月份的数据。由于住房库存创历史新低，1月份成屋销售价格中位数为30.39万美元，同比上涨14.1%。</blockquote></p><p> <b>The Federal Reserve</b>Bank of Chicago releases its National Activity index for February. Economists forecast a 0.68 reading, about even with January’s 0.66. A positive reading indicates that the economy is growing faster than historical trends.</p><p><blockquote><b>美联储</b>芝加哥银行发布2月份全国活动指数。经济学家预测读数为 0.68，与 1 月份的 0.66 大致相同。积极的读数表明经济增长速度快于历史趋势。</blockquote></p><p> <b>Unilever hosts</b>an investor presentation to discuss its U.S. operations.</p><p><blockquote><b>联合利华主机</b>讨论其美国业务的投资者演示文稿。</blockquote></p><p> Tuesday 3/23</p><p><blockquote>星期二 3/23</blockquote></p><p> <b>Adobe, IHS Markit,</b>and GameStop report quarterly results.</p><p><blockquote><b>Adobe、IHS Markit、</b>游戏驿站报告季度业绩。</blockquote></p><p> <b>The Census Bureau</b>reports new single-family home sales for February. Expectations are for a seasonally adjusted annual rate of 900,000 homes sold, slightly lower than the January figure. New-home sales are just off their post-financial-crisis peak set last July.</p><p><blockquote><b>人口普查局</b>报告二月份新单户住宅销售情况。经季节性调整后，预计每年售出 90 万套房屋，略低于 1 月份的数字。新屋销售刚刚低于去年 7 月创下的金融危机后峰值。</blockquote></p><p> Wednesday 3/24</p><p><blockquote>3月24日星期三</blockquote></p><p> <b>General Mills releases</b>fiscal third-quarter earnings.</p><p><blockquote><b>通用磨坊发布</b>第三财季收益。</blockquote></p><p> <b>The Census Bureau</b>releases the durable goods report for February. The consensus call is for new orders of manufactured durable goods to rise 0.5% month over month to $258 billion. Excluding transportation, new orders are also seen gaining 0.5%. This compares with increases of 3.4% and 1.3%, respectively, in January.</p><p><blockquote><b>人口普查局</b>发布二月份耐用品报告。看涨期权一致认为，耐用品制成品新订单环比增长 0.5%，达到 2580 亿美元。不包括运输，新订单也增长了0.5%。相比之下，1月份的增幅分别为3.4%和1.3%。</blockquote></p><p> <b>IHS Markit releases</b>both its Manufacturing and Services Purchasing Managers’ indexes for March. Economists forecast a 58.8 reading for the Manufacturing PMI and a 59.8 reading for the Services PMI, both similar to the February data. Last month, the composite reading for both PMIs hit a six-year high.</p><p><blockquote><b>IHS Markit 发布</b>3 月份制造业和服务业采购经理人指数。经济学家预测制造业PMI读数为58.8，服务业PMI读数为59.8，均与2月份数据相似。上个月，两项采购经理人指数的综合读数均创六年新高。</blockquote></p><p> Thursday 3/25</p><p><blockquote>星期四 3/25</blockquote></p><p> <b>The Bureau of Economic</b>Analysis reports its third and final estimate for fourth-quarter 2020 GDP. Economists forecast a 4.1% annual rate of growth, unchanged from the BEA’s second estimate, released in late February.</p><p><blockquote><b>经济局</b>分析报告了 2020 年第四季度 GDP 的第三次也是最终估计。经济学家预测年增长率为 4.1%，与东亚银行 2 月底发布的第二次估计值持平。</blockquote></p><p> <b>Honeywell International</b>hosts a webcast to discuss its sustainability initiatives.</p><p><blockquote><b>霍尼韦尔国际</b>主持网络广播讨论其可持续发展举措。</blockquote></p><p> <b>Huntington Bancshares</b>and TCF Financial hold special shareholder meetings to seek approval for their $6 billion merger, first announced in December. The combined company would be one of the 10 largest regional banks in the U.S.</p><p><blockquote><b>亨廷顿银行股票</b>TCF Financial 召开特别股东大会，寻求批准 12 月首次宣布的 60 亿美元合并。合并后的公司将成为美国十大地区性银行之一。</blockquote></p><p> Friday 3/26</p><p><blockquote>3月26日星期五</blockquote></p><p> <b>The Bureau of Economic</b>Analysis reports personal income and spending data for February. Income is projected to decline 7.5% month over month, compared with a 10% jump in January. Spending is expected to be flat, after increasing 2.4% previously. The Personal Consumption Expenditures Price Index, the Federal Reserve’s favored inflation gauge, is seen rising 1.5% year over year, matching the January data.</p><p><blockquote><b>经济局</b>分析报告2月份个人收入和支出数据。收入预计将环比下降 7.5%，而 1 月份则增长了 10%。支出预计将持平，此前增长 2.4%。作为美联储青睐的通胀指标，个人消费支出价格指数同比上涨 1.5%，与 1 月份的数据持平。</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, Adobe, Honeywell, Darden Restaurants, and Other Stocks for Investors to Watch This Week<blockquote>游戏驿站、Adobe、霍尼韦尔、达顿餐厅和其他投资者本周值得关注的股票</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\">\nGameStop, Adobe, Honeywell, Darden Restaurants, and Other Stocks for Investors to Watch This Week<blockquote>游戏驿站、Adobe、霍尼韦尔、达顿餐厅和其他投资者本周值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">barrons</strong><span class=\"h-time small\">2021-03-22 08:27</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The earnings calendar is again sparse this week,&nbsp;during a quiet&nbsp;period between earnings seasons. The handful of major companies reporting includeAdobeandGameStopon Tuesday,General Millson Wednesday, andDarden Restaurantson Thursday. Unilever andHoneywellInternational will host investor events on Monday and Thursday, respectively. And shareholders ofHuntington BancsharesandTCF Financialwill vote on the companies’ proposed merger on Thursday.</p><p><blockquote>本周，在财报季之间的平静时期，财报日历再次稀疏。少数几家主要公司包括周二的 Adobe 和 GameStop、周三的 General Millson 和周四的 Darden Restaurant。联合利华和霍尼韦尔国际公司将分别于周一和周四举办投资者活动。亨廷顿银行（Huntington Bancshares）和 TCF Financial 的股东将于周四就两家公司的合并提案进行投票。</blockquote></p><p> Economic data out this week includes the Census Bureau’s February durable goods report—seen as a decent proxy for business investment—and&nbsp;IHS Markit’sManufacturing and Services Purchasing Managers’ indexes for March, all on Wednesday. On Friday, the Bureau of Economic Analysis will report personal income and spending data for February. The Federal Reserve’s preferred measure of inflation,&nbsp;the Personal Consumption Expenditures Price Index for February, will also be out on Friday.</p><p><blockquote>本周公布的经济数据包括人口普查局（Census Bureau）的 2 月份耐用品报告（被视为商业投资的良好代表）以及 IHS Markit 的 3 月份制造业和服务业采购经理人指数，所有这些数据都将在周三公布。周五，经济分析局将公布2月份个人收入和支出数据。美联储首选的通胀指标--2 月份个人消费支出价格指数也将于周五公布。</blockquote></p><p> Other releases include the National Association of Realtors’&nbsp;existing-home sales data for February on Monday and the Census Bureau’s new single-family home sales for February on Tuesday. Finally on Thursday, the Bureau of Economic Analysis’&nbsp;third and final estimate for fourth-quarter 2020 GDP is expected to be unchanged from its second estimate in late February,&nbsp;at a 4.1% annualized rate of growth.</p><p><blockquote>其他公布的数据包括全美房地产经纪人协会周一公布的 2 月份成屋销售数据和人口普查局周二公布的 2 月份新增单户住宅销售数据。最后，在本周四，经济分析局对 2020 年第四季度 GDP 的第三次也是最终估算预计将与 2 月底的第二次估算持平，年化增长率为 4.1%。</blockquote></p><p> Monday 3/22</p><p><blockquote>3/22星期一</blockquote></p><p> <b>The National Association</b>of Realtors reports existing-home sales for February. Consensus estimate is for a seasonally adjusted annual rate of 6.55 million homes sold, slightly lower than the January data. The median existing-home sales price was $303,900 in January, up 14.1% year over year, as housing inventory hit a record low.</p><p><blockquote><b>全国协会</b>房地产经纪人报告二月份的现房销售情况。普遍估计，经季节性调整后的年销量为 655 万套，略低于 1 月份的数据。由于住房库存创历史新低，1月份成屋销售价格中位数为30.39万美元，同比上涨14.1%。</blockquote></p><p> <b>The Federal Reserve</b>Bank of Chicago releases its National Activity index for February. Economists forecast a 0.68 reading, about even with January’s 0.66. A positive reading indicates that the economy is growing faster than historical trends.</p><p><blockquote><b>美联储</b>芝加哥银行发布2月份全国活动指数。经济学家预测读数为 0.68，与 1 月份的 0.66 大致相同。积极的读数表明经济增长速度快于历史趋势。</blockquote></p><p> <b>Unilever hosts</b>an investor presentation to discuss its U.S. operations.</p><p><blockquote><b>联合利华主机</b>讨论其美国业务的投资者演示文稿。</blockquote></p><p> Tuesday 3/23</p><p><blockquote>星期二 3/23</blockquote></p><p> <b>Adobe, IHS Markit,</b>and GameStop report quarterly results.</p><p><blockquote><b>Adobe、IHS Markit、</b>游戏驿站报告季度业绩。</blockquote></p><p> <b>The Census Bureau</b>reports new single-family home sales for February. Expectations are for a seasonally adjusted annual rate of 900,000 homes sold, slightly lower than the January figure. New-home sales are just off their post-financial-crisis peak set last July.</p><p><blockquote><b>人口普查局</b>报告二月份新单户住宅销售情况。经季节性调整后，预计每年售出 90 万套房屋，略低于 1 月份的数字。新屋销售刚刚低于去年 7 月创下的金融危机后峰值。</blockquote></p><p> Wednesday 3/24</p><p><blockquote>3月24日星期三</blockquote></p><p> <b>General Mills releases</b>fiscal third-quarter earnings.</p><p><blockquote><b>通用磨坊发布</b>第三财季收益。</blockquote></p><p> <b>The Census Bureau</b>releases the durable goods report for February. The consensus call is for new orders of manufactured durable goods to rise 0.5% month over month to $258 billion. Excluding transportation, new orders are also seen gaining 0.5%. This compares with increases of 3.4% and 1.3%, respectively, in January.</p><p><blockquote><b>人口普查局</b>发布二月份耐用品报告。看涨期权一致认为，耐用品制成品新订单环比增长 0.5%，达到 2580 亿美元。不包括运输，新订单也增长了0.5%。相比之下，1月份的增幅分别为3.4%和1.3%。</blockquote></p><p> <b>IHS Markit releases</b>both its Manufacturing and Services Purchasing Managers’ indexes for March. Economists forecast a 58.8 reading for the Manufacturing PMI and a 59.8 reading for the Services PMI, both similar to the February data. Last month, the composite reading for both PMIs hit a six-year high.</p><p><blockquote><b>IHS Markit 发布</b>3 月份制造业和服务业采购经理人指数。经济学家预测制造业PMI读数为58.8，服务业PMI读数为59.8，均与2月份数据相似。上个月，两项采购经理人指数的综合读数均创六年新高。</blockquote></p><p> Thursday 3/25</p><p><blockquote>星期四 3/25</blockquote></p><p> <b>The Bureau of Economic</b>Analysis reports its third and final estimate for fourth-quarter 2020 GDP. Economists forecast a 4.1% annual rate of growth, unchanged from the BEA’s second estimate, released in late February.</p><p><blockquote><b>经济局</b>分析报告了 2020 年第四季度 GDP 的第三次也是最终估计。经济学家预测年增长率为 4.1%，与东亚银行 2 月底发布的第二次估计值持平。</blockquote></p><p> <b>Honeywell International</b>hosts a webcast to discuss its sustainability initiatives.</p><p><blockquote><b>霍尼韦尔国际</b>主持网络广播讨论其可持续发展举措。</blockquote></p><p> <b>Huntington Bancshares</b>and TCF Financial hold special shareholder meetings to seek approval for their $6 billion merger, first announced in December. The combined company would be one of the 10 largest regional banks in the U.S.</p><p><blockquote><b>亨廷顿银行股票</b>TCF Financial 召开特别股东大会，寻求批准 12 月首次宣布的 60 亿美元合并。合并后的公司将成为美国十大地区性银行之一。</blockquote></p><p> Friday 3/26</p><p><blockquote>3月26日星期五</blockquote></p><p> <b>The Bureau of Economic</b>Analysis reports personal income and spending data for February. Income is projected to decline 7.5% month over month, compared with a 10% jump in January. Spending is expected to be flat, after increasing 2.4% previously. The Personal Consumption Expenditures Price Index, the Federal Reserve’s favored inflation gauge, is seen rising 1.5% year over year, matching the January data.</p><p><blockquote><b>经济局</b>分析报告2月份个人收入和支出数据。收入预计将环比下降 7.5%，而 1 月份则增长了 10%。支出预计将持平，此前增长 2.4%。作为美联储青睐的通胀指标，个人消费支出价格指数同比上涨 1.5%，与 1 月份的数据持平。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/gamestop-adobe-honeywell-darden-restaurants-and-other-stocks-for-investors-to-watch-this-week-51616353213?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":{"GME":"游戏驿站"},"source_url":"https://www.barrons.com/articles/gamestop-adobe-honeywell-darden-restaurants-and-other-stocks-for-investors-to-watch-this-week-51616353213?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162363864","content_text":"The earnings calendar is again sparse this week, during a quiet period between earnings seasons. The handful of major companies reporting includeAdobeandGameStopon Tuesday,General Millson Wednesday, andDarden Restaurantson Thursday. Unilever andHoneywellInternational will host investor events on Monday and Thursday, respectively. And shareholders ofHuntington BancsharesandTCF Financialwill vote on the companies’ proposed merger on Thursday.\nEconomic data out this week includes the Census Bureau’s February durable goods report—seen as a decent proxy for business investment—and IHS Markit’sManufacturing and Services Purchasing Managers’ indexes for March, all on Wednesday. On Friday, the Bureau of Economic Analysis will report personal income and spending data for February. The Federal Reserve’s preferred measure of inflation, the Personal Consumption Expenditures Price Index for February, will also be out on Friday.\nOther releases include the National Association of Realtors’ existing-home sales data for February on Monday and the Census Bureau’s new single-family home sales for February on Tuesday. Finally on Thursday, the Bureau of Economic Analysis’ third and final estimate for fourth-quarter 2020 GDP is expected to be unchanged from its second estimate in late February, at a 4.1% annualized rate of growth.\nMonday 3/22\nThe National Associationof Realtors reports existing-home sales for February. Consensus estimate is for a seasonally adjusted annual rate of 6.55 million homes sold, slightly lower than the January data. The median existing-home sales price was $303,900 in January, up 14.1% year over year, as housing inventory hit a record low.\nThe Federal ReserveBank of Chicago releases its National Activity index for February. Economists forecast a 0.68 reading, about even with January’s 0.66. A positive reading indicates that the economy is growing faster than historical trends.\nUnilever hostsan investor presentation to discuss its U.S. operations.\nTuesday 3/23\nAdobe, IHS Markit,and GameStop report quarterly results.\nThe Census Bureaureports new single-family home sales for February. Expectations are for a seasonally adjusted annual rate of 900,000 homes sold, slightly lower than the January figure. New-home sales are just off their post-financial-crisis peak set last July.\nWednesday 3/24\nGeneral Mills releasesfiscal third-quarter earnings.\nThe Census Bureaureleases the durable goods report for February. The consensus call is for new orders of manufactured durable goods to rise 0.5% month over month to $258 billion. Excluding transportation, new orders are also seen gaining 0.5%. This compares with increases of 3.4% and 1.3%, respectively, in January.\nIHS Markit releasesboth its Manufacturing and Services Purchasing Managers’ indexes for March. Economists forecast a 58.8 reading for the Manufacturing PMI and a 59.8 reading for the Services PMI, both similar to the February data. Last month, the composite reading for both PMIs hit a six-year high.\nThursday 3/25\nThe Bureau of EconomicAnalysis reports its third and final estimate for fourth-quarter 2020 GDP. Economists forecast a 4.1% annual rate of growth, unchanged from the BEA’s second estimate, released in late February.\nHoneywell Internationalhosts a webcast to discuss its sustainability initiatives.\nHuntington Bancsharesand TCF Financial hold special shareholder meetings to seek approval for their $6 billion merger, first announced in December. The combined company would be one of the 10 largest regional banks in the U.S.\nFriday 3/26\nThe Bureau of EconomicAnalysis reports personal income and spending data for February. Income is projected to decline 7.5% month over month, compared with a 10% jump in January. Spending is expected to be flat, after increasing 2.4% previously. The Personal Consumption Expenditures Price Index, the Federal Reserve’s favored inflation gauge, is seen rising 1.5% year over year, matching the January data.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":1057,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":374557710,"gmtCreate":1619467478730,"gmtModify":1634273278783,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","htmlText":"Ok is highly high free hd charge s","listText":"Ok is highly high free hd charge s","text":"Ok is highly high free hd charge s","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/374557710","repostId":"1184404050","repostType":4,"isVote":1,"tweetType":1,"viewCount":2735,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355351820,"gmtCreate":1617030305960,"gmtModify":1634523015920,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","htmlText":"So how is this going to affect us?","listText":"So how is this going to affect us?","text":"So how is this going to affect us?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/355351820","repostId":"1193371328","repostType":4,"repost":{"id":"1193371328","kind":"news","pubTimestamp":1617024119,"share":"https://www.laohunote.com/m/news/1193371328?lang=zh_CN&edition=full","pubTime":"2021-03-29 21:21","market":"us","language":"en","title":"CFDs - The Dirty Little Secret Behind The Collapse Of Archegos<blockquote>CFDs - Archegos 崩溃背后的肮脏小秘密</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193371328","media":"zerohedge","summary":"Stop us if you've heard this one before -Wall Street prime brokers allowed hedge funds to dance whil","content":"<p>Stop us if you've heard this one before -<i>Wall Street prime brokers allowed hedge funds to dance while the music was playing with ever greater leverage in off-exchange and unregulated derivatives... until the first sign of trouble and the whole house of cards comes crashing down in a potentially systemic manner</i>.</p><p><blockquote>如果你以前听过这个，请阻止我们-<i>华尔街的主要经纪商允许对冲基金跳舞，而场外和不受监管的衍生品的杠杆作用越来越大……直到麻烦的第一个迹象出现，整个纸牌屋以潜在的系统性方式崩溃</i>.</blockquote></p><p> The bloodbath in various media stocks on Friday has brought light back to one of the dark corners of the equity trading business -<b>so-called contracts-for-differences (CFDs).</b></p><p><blockquote>周五多家媒体股的大屠杀让股票交易行业的一个黑暗角落重见天日——<b>所谓的差价合约（CFD）。</b></blockquote></p><p> As Bloomberg reports, much of the leverage used by Hwang’s&nbsp;Archegos Capital was provided by banks including&nbsp;Nomura and&nbsp;Credit Suisse -who have most recently admitted huge losses- as<b>CFDs, which are made off exchanges, allow managers like Hwang to amass stakes in publicly traded companies without having to declare their holdings</b>(far in excess of the 5% stakes that require regulatory reporting).</p><p><blockquote>据彭博社报道，黄的 Archegos Capital 使用的大部分杠杆是由野村证券（Nomura）和瑞士信贷（Credit Suisse）等银行提供的，这两家银行最近都承认了巨额亏损。<b>差价合约是在交易所发行的，它允许像黄这样的经理人积累上市公司的股份，而不必申报他们的持股情况</b>（远远超过监管报告要求的5%股份）。</blockquote></p><p> Crucially,as Bloomberg notes,this means<b>Archegos may never actually have owned most of the underlying securities - if any at all</b>- as the CFD is akin to a privately-arranged (i.e. off exchange and bespoke) futures contract where the differences in the settlement between the open and closing trade prices are cash-settled (there is no delivery of physical goods or securities with CFDs).</p><p><blockquote>至关重要的是，正如彭博社指出的，这意味着<b>Archegos 实际上可能从未拥有大部分基础证券（如果有的话）</b>-由于差价合约类似于私人安排（即场外和定制）期货合约，其中开盘价和收盘价之间的结算差额以现金结算（差价合约不交付实物货物或证券）。</blockquote></p><p> What makes the situation worse is that<b>Archegos reportedly took positions in these CFDs with various prime brokers</b>- and because these positions are by their nature not centrally cleared or aggregated, this left prime broker X unaware of their client's exposures with prime broker Y... which in this case was huge.</p><p><blockquote>更糟糕的是<b>据报道，Archegos 与多家主要经纪商持有这些差价合约头寸</b>- 由于这些头寸本质上不是集中清算或汇总的，因此 prime broker X 并不知道其客户在 prime broker Y 的风险敞口……在这种情况下，这是巨大的。</blockquote></p><p> The leverage Hwang was given made him look like a trading genius as the various positions he took were pumped and pumped (and helped by gamma-squeezers) but now look like a reckless gambling fool as the bets collapsed.</p><p><blockquote>黄获得的杠杆作用让他看起来像一个交易天才，因为他持有的各种头寸被不断增加（并得到了伽马挤压器的帮助），但现在随着赌注的崩溃，他看起来像一个鲁莽的赌博傻瓜。</blockquote></p><p> CFDs linked to stocks (with a gross market value of around $282 billion at end June 2020) are among bespoke derivatives that investors trade privately between themselves, or over-the-counter, instead of through public exchanges.<b>This is exactly the kind of hidden risk that amplified the losses during the 2008 financial crisis.</b></p><p><blockquote>与股票挂钩的差价合约（截至 2020 年 6 月底，总市值约为 2820 亿美元）是定制衍生品之一，投资者可以在彼此之间私下或场外交易，而不是通过公共交易所进行交易。<b>这正是2008年金融危机期间放大损失的那种隐患。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/ffab65c57ee35df93f6a6087e1136e5b\" tg-width=\"500\" tg-height=\"321\">AsBloombergnotes,<b>regulators have begun clamping down on CFDs in recent years because they’re concerned the derivatives are too complex and too risky for retail investors,</b>with the European Securities and Markets Authority in 2018&nbsp;restricting&nbsp;the distribution to individuals and capping leverage. In the U.S., CFDs are largely banned for amateur traders... but not for hedge fund managers who are \"sophisticated\"?</p><p><blockquote>正如彭博社指出的，<b>近年来，监管机构开始打击差价合约，因为他们担心这种衍生品对散户投资者来说过于复杂和风险太大、</b>欧洲证券和市场管理局在2018年限制向个人分配并限制杠杆。在美国，业余交易者基本上禁止差价合约……但对于“老练”的对冲基金经理来说就不是了？</blockquote></p><p> But,<b>banks still favor them because they can make a large profit without needing to set aside as much capital versus trading actual securities</b>(driven to this opaque market as an unintended consequence of heavy regulation following the 2008 financial crisis).</p><p><blockquote>但是，<b>银行仍然青睐它们，因为与交易实际证券相比，它们无需预留那么多资金即可赚取巨额利润</b>（2008年金融危机后严格监管的意外后果，导致这个不透明的市场）。</blockquote></p><p> In the case of Archegos, there is very little transparency about Hwang’s trades, but market participants suggest his assets had grown to anywhere from $5 billion to $10 billion in recent years with<b>total exposure topping $50 billion</b>. And bear in mind,<b>this is not 'leverage' in the old-fashioned sense</b>(i.e. banks allow you buy X-times the amount of stocks relative to your capital); this is<b>purely synthetic</b>- the firm has no actual underlying asset to fall back on, but is linearly exposed to losses (and gains) on a margined basis.</p><p><blockquote>就 Archegos 而言，Hwang 的交易几乎没有透明度，但市场参与者认为，近年来他的资产已增长到 50 亿至 100 亿美元。<b>总风险敞口超过 500 亿美元</b>记住，<b>这不是老式意义上的“杠杆”</b>（即银行允许你购买相对于你的资本数量X倍的股票）；这是<b>纯合成</b>- 该公司没有实际的基础资产可以依赖，但在边际基础上面临线性损失（和收益）。</blockquote></p><p> And as we noted at the beginning,<b>this has the potential to be much more systemic</b>as the losses created by Archegos' margin calls trigger more margin calls and more potential losses for the prime brokers. Think we are exaggerating, then explain why the costs of counterparty risk hedging for Credit Suisse for example, has exploded in the last few days...</p><p><blockquote>正如我们在开头提到的，<b>这有可能变得更加系统化</b>由于 Archegos 的保证金评级造成的损失引发了更多的保证金评级和主要经纪商的更多潜在损失。认为我们夸大其词，然后解释一下为什么瑞士信贷的交易对手风险对冲成本在过去几天里激增……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/28842de72b88aa4010edfcfa798fa5af\" tg-width=\"500\" tg-height=\"273\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> Mohammed El-Erian told CNBC this morning that<i><b>\"It seems to be a one-off ... for now, it looks contained. And that's a good thing.\" But added \"what we don't want is a pile-up.\"</b></i></p><p><blockquote>穆罕默德·埃尔-埃里安今天早上告诉 CNBC<i><b>“这似乎是一次性的……目前看来，它看起来很可控。这是一件好事。”但补充说“我们不想要的是堆积如山。”</b></i></blockquote></p><p> We look forward to the Congressional hearings on this.</p><p><blockquote>我们期待国会就此举行听证会。</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>CFDs - The Dirty Little Secret Behind The Collapse Of Archegos<blockquote>CFDs - Archegos 崩溃背后的肮脏小秘密</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\">\nCFDs - The Dirty Little Secret Behind The Collapse Of Archegos<blockquote>CFDs - Archegos 崩溃背后的肮脏小秘密</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-03-29 21:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Stop us if you've heard this one before -<i>Wall Street prime brokers allowed hedge funds to dance while the music was playing with ever greater leverage in off-exchange and unregulated derivatives... until the first sign of trouble and the whole house of cards comes crashing down in a potentially systemic manner</i>.</p><p><blockquote>如果你以前听过这个，请阻止我们-<i>华尔街的主要经纪商允许对冲基金跳舞，而场外和不受监管的衍生品的杠杆作用越来越大……直到麻烦的第一个迹象出现，整个纸牌屋以潜在的系统性方式崩溃</i>.</blockquote></p><p> The bloodbath in various media stocks on Friday has brought light back to one of the dark corners of the equity trading business -<b>so-called contracts-for-differences (CFDs).</b></p><p><blockquote>周五多家媒体股的大屠杀让股票交易行业的一个黑暗角落重见天日——<b>所谓的差价合约（CFD）。</b></blockquote></p><p> As Bloomberg reports, much of the leverage used by Hwang’s&nbsp;Archegos Capital was provided by banks including&nbsp;Nomura and&nbsp;Credit Suisse -who have most recently admitted huge losses- as<b>CFDs, which are made off exchanges, allow managers like Hwang to amass stakes in publicly traded companies without having to declare their holdings</b>(far in excess of the 5% stakes that require regulatory reporting).</p><p><blockquote>据彭博社报道，黄的 Archegos Capital 使用的大部分杠杆是由野村证券（Nomura）和瑞士信贷（Credit Suisse）等银行提供的，这两家银行最近都承认了巨额亏损。<b>差价合约是在交易所发行的，它允许像黄这样的经理人积累上市公司的股份，而不必申报他们的持股情况</b>（远远超过监管报告要求的5%股份）。</blockquote></p><p> Crucially,as Bloomberg notes,this means<b>Archegos may never actually have owned most of the underlying securities - if any at all</b>- as the CFD is akin to a privately-arranged (i.e. off exchange and bespoke) futures contract where the differences in the settlement between the open and closing trade prices are cash-settled (there is no delivery of physical goods or securities with CFDs).</p><p><blockquote>至关重要的是，正如彭博社指出的，这意味着<b>Archegos 实际上可能从未拥有大部分基础证券（如果有的话）</b>-由于差价合约类似于私人安排（即场外和定制）期货合约，其中开盘价和收盘价之间的结算差额以现金结算（差价合约不交付实物货物或证券）。</blockquote></p><p> What makes the situation worse is that<b>Archegos reportedly took positions in these CFDs with various prime brokers</b>- and because these positions are by their nature not centrally cleared or aggregated, this left prime broker X unaware of their client's exposures with prime broker Y... which in this case was huge.</p><p><blockquote>更糟糕的是<b>据报道，Archegos 与多家主要经纪商持有这些差价合约头寸</b>- 由于这些头寸本质上不是集中清算或汇总的，因此 prime broker X 并不知道其客户在 prime broker Y 的风险敞口……在这种情况下，这是巨大的。</blockquote></p><p> The leverage Hwang was given made him look like a trading genius as the various positions he took were pumped and pumped (and helped by gamma-squeezers) but now look like a reckless gambling fool as the bets collapsed.</p><p><blockquote>黄获得的杠杆作用让他看起来像一个交易天才，因为他持有的各种头寸被不断增加（并得到了伽马挤压器的帮助），但现在随着赌注的崩溃，他看起来像一个鲁莽的赌博傻瓜。</blockquote></p><p> CFDs linked to stocks (with a gross market value of around $282 billion at end June 2020) are among bespoke derivatives that investors trade privately between themselves, or over-the-counter, instead of through public exchanges.<b>This is exactly the kind of hidden risk that amplified the losses during the 2008 financial crisis.</b></p><p><blockquote>与股票挂钩的差价合约（截至 2020 年 6 月底，总市值约为 2820 亿美元）是定制衍生品之一，投资者可以在彼此之间私下或场外交易，而不是通过公共交易所进行交易。<b>这正是2008年金融危机期间放大损失的那种隐患。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/ffab65c57ee35df93f6a6087e1136e5b\" tg-width=\"500\" tg-height=\"321\">AsBloombergnotes,<b>regulators have begun clamping down on CFDs in recent years because they’re concerned the derivatives are too complex and too risky for retail investors,</b>with the European Securities and Markets Authority in 2018&nbsp;restricting&nbsp;the distribution to individuals and capping leverage. In the U.S., CFDs are largely banned for amateur traders... but not for hedge fund managers who are \"sophisticated\"?</p><p><blockquote>正如彭博社指出的，<b>近年来，监管机构开始打击差价合约，因为他们担心这种衍生品对散户投资者来说过于复杂和风险太大、</b>欧洲证券和市场管理局在2018年限制向个人分配并限制杠杆。在美国，业余交易者基本上禁止差价合约……但对于“老练”的对冲基金经理来说就不是了？</blockquote></p><p> But,<b>banks still favor them because they can make a large profit without needing to set aside as much capital versus trading actual securities</b>(driven to this opaque market as an unintended consequence of heavy regulation following the 2008 financial crisis).</p><p><blockquote>但是，<b>银行仍然青睐它们，因为与交易实际证券相比，它们无需预留那么多资金即可赚取巨额利润</b>（2008年金融危机后严格监管的意外后果，导致这个不透明的市场）。</blockquote></p><p> In the case of Archegos, there is very little transparency about Hwang’s trades, but market participants suggest his assets had grown to anywhere from $5 billion to $10 billion in recent years with<b>total exposure topping $50 billion</b>. And bear in mind,<b>this is not 'leverage' in the old-fashioned sense</b>(i.e. banks allow you buy X-times the amount of stocks relative to your capital); this is<b>purely synthetic</b>- the firm has no actual underlying asset to fall back on, but is linearly exposed to losses (and gains) on a margined basis.</p><p><blockquote>就 Archegos 而言，Hwang 的交易几乎没有透明度，但市场参与者认为，近年来他的资产已增长到 50 亿至 100 亿美元。<b>总风险敞口超过 500 亿美元</b>记住，<b>这不是老式意义上的“杠杆”</b>（即银行允许你购买相对于你的资本数量X倍的股票）；这是<b>纯合成</b>- 该公司没有实际的基础资产可以依赖，但在边际基础上面临线性损失（和收益）。</blockquote></p><p> And as we noted at the beginning,<b>this has the potential to be much more systemic</b>as the losses created by Archegos' margin calls trigger more margin calls and more potential losses for the prime brokers. Think we are exaggerating, then explain why the costs of counterparty risk hedging for Credit Suisse for example, has exploded in the last few days...</p><p><blockquote>正如我们在开头提到的，<b>这有可能变得更加系统化</b>由于 Archegos 的保证金评级造成的损失引发了更多的保证金评级和主要经纪商的更多潜在损失。认为我们夸大其词，然后解释一下为什么瑞士信贷的交易对手风险对冲成本在过去几天里激增……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/28842de72b88aa4010edfcfa798fa5af\" tg-width=\"500\" tg-height=\"273\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> Mohammed El-Erian told CNBC this morning that<i><b>\"It seems to be a one-off ... for now, it looks contained. And that's a good thing.\" But added \"what we don't want is a pile-up.\"</b></i></p><p><blockquote>穆罕默德·埃尔-埃里安今天早上告诉 CNBC<i><b>“这似乎是一次性的……目前看来，它看起来很可控。这是一件好事。”但补充说“我们不想要的是堆积如山。”</b></i></blockquote></p><p> We look forward to the Congressional hearings on this.</p><p><blockquote>我们期待国会就此举行听证会。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/cfds-dirty-little-secret-behind-collapse-archegos?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">zerohedge</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.zerohedge.com/markets/cfds-dirty-little-secret-behind-collapse-archegos?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193371328","content_text":"Stop us if you've heard this one before -Wall Street prime brokers allowed hedge funds to dance while the music was playing with ever greater leverage in off-exchange and unregulated derivatives... until the first sign of trouble and the whole house of cards comes crashing down in a potentially systemic manner.\nThe bloodbath in various media stocks on Friday has brought light back to one of the dark corners of the equity trading business -so-called contracts-for-differences (CFDs).\nAs Bloomberg reports, much of the leverage used by Hwang’s Archegos Capital was provided by banks including Nomura and Credit Suisse -who have most recently admitted huge losses- asCFDs, which are made off exchanges, allow managers like Hwang to amass stakes in publicly traded companies without having to declare their holdings(far in excess of the 5% stakes that require regulatory reporting).\nCrucially,as Bloomberg notes,this meansArchegos may never actually have owned most of the underlying securities - if any at all- as the CFD is akin to a privately-arranged (i.e. off exchange and bespoke) futures contract where the differences in the settlement between the open and closing trade prices are cash-settled (there is no delivery of physical goods or securities with CFDs).\nWhat makes the situation worse is thatArchegos reportedly took positions in these CFDs with various prime brokers- and because these positions are by their nature not centrally cleared or aggregated, this left prime broker X unaware of their client's exposures with prime broker Y... which in this case was huge.\nThe leverage Hwang was given made him look like a trading genius as the various positions he took were pumped and pumped (and helped by gamma-squeezers) but now look like a reckless gambling fool as the bets collapsed.\nCFDs linked to stocks (with a gross market value of around $282 billion at end June 2020) are among bespoke derivatives that investors trade privately between themselves, or over-the-counter, instead of through public exchanges.This is exactly the kind of hidden risk that amplified the losses during the 2008 financial crisis.\nAsBloombergnotes,regulators have begun clamping down on CFDs in recent years because they’re concerned the derivatives are too complex and too risky for retail investors,with the European Securities and Markets Authority in 2018 restricting the distribution to individuals and capping leverage. In the U.S., CFDs are largely banned for amateur traders... but not for hedge fund managers who are \"sophisticated\"?\nBut,banks still favor them because they can make a large profit without needing to set aside as much capital versus trading actual securities(driven to this opaque market as an unintended consequence of heavy regulation following the 2008 financial crisis).\nIn the case of Archegos, there is very little transparency about Hwang’s trades, but market participants suggest his assets had grown to anywhere from $5 billion to $10 billion in recent years withtotal exposure topping $50 billion. And bear in mind,this is not 'leverage' in the old-fashioned sense(i.e. banks allow you buy X-times the amount of stocks relative to your capital); this ispurely synthetic- the firm has no actual underlying asset to fall back on, but is linearly exposed to losses (and gains) on a margined basis.\nAnd as we noted at the beginning,this has the potential to be much more systemicas the losses created by Archegos' margin calls trigger more margin calls and more potential losses for the prime brokers. Think we are exaggerating, then explain why the costs of counterparty risk hedging for Credit Suisse for example, has exploded in the last few days...\nSource: Bloomberg\nMohammed El-Erian told CNBC this morning that\"It seems to be a one-off ... for now, it looks contained. And that's a good thing.\" But added \"what we don't want is a pile-up.\"\nWe look forward to the Congressional hearings on this.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1273,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352799920,"gmtCreate":1617001340660,"gmtModify":1634523207565,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>:(","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>:(","text":"$AMC Entertainment(AMC)$:(","images":[{"img":"https://static.tigerbbs.com/304af66cb29a993dd6e20688ea5f3786","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/352799920","isVote":1,"tweetType":1,"viewCount":701,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":376613743,"gmtCreate":1619108325682,"gmtModify":1634288473320,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>pls go up","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>pls go up","text":"$Tesla Motors(TSLA)$pls go up","images":[{"img":"https://static.tigerbbs.com/729c6b5b0095b176bbe04a25579ff758","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/376613743","isVote":1,"tweetType":1,"viewCount":2977,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":100461382,"gmtCreate":1619632033546,"gmtModify":1634211183818,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","htmlText":"It is","listText":"It is","text":"It is","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/100461382","repostId":"1129899601","repostType":4,"repost":{"id":"1129899601","kind":"news","pubTimestamp":1619607898,"share":"https://www.laohunote.com/m/news/1129899601?lang=zh_CN&edition=full","pubTime":"2021-04-28 19:04","market":"us","language":"en","title":"Investing in These Stocks Now Could Make You a Millionaire Retiree<blockquote>现在投资这些股票可以让你成为百万富翁退休人员</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129899601","media":"Motley Fool","summary":"It's much better to be a millionaire retiree than a thousandaire one. You're probably not going to b","content":"<p>It's much better to be a millionaire retiree than a thousandaire one. You're probably not going to become one, though, unless you take some steps toward it. One good way is to regularly invest meaningful sumsin the stock market, over a long period of time -- such as via a low-cost broad-market index fund.</p><p><blockquote>成为一名百万富翁退休人员比成为一名千万富翁要好得多。不过，除非你采取一些措施，否则你可能不会成为一个。一个好方法是在很长一段时间内定期对股票市场进行有意义的投资，例如通过低成本的大盘指数基金。</blockquote></p><p> If you want to try to get to millionairehood sooner, you might try investing in some carefully chosen individual stocks -- perhaps in addition to investing in index funds. Here are three growth stocks that have a lot of potential.</p><p><blockquote>如果您想尝试更快成为百万富翁，您可以尝试投资一些精心选择的个股——也许除了投资指数基金之外。这里有三只潜力巨大的成长股。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/fb3e1ae423e7496b9bb443443b54b97f\" tg-width=\"700\" tg-height=\"471\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> IMAGE SOURCE: GETTY IMAGES.</p><p><blockquote>图片来源：盖蒂图片社。</blockquote></p><p> <b>1. Zscaler</b></p><p><blockquote><b>1. Zscaler</b></blockquote></p><p> <b>Zscaler</b>(NASDAQ:ZS)offers security technology for companies using various cloud services, and has been named the leader in secure web gateways by research firm Gartner. It has been growing briskly, with its stock increasing in value by more than sixfold over only about three years, since the company debuted on the public market. In its most recent quarter, revenue grew by 55% year over year, while billings jumped 71%. The company, recently sporting a market value near $26 billion, \"reached a new milestone by surpassing 5,000 customers during the quarter, including 500 of the Global 2000.\" Between fiscal 2016 and 2020, revenue grew more than fivefold.</p><p><blockquote><b>缩放器</b>（纳斯达克股票代码：ZS）为使用各种云服务的公司提供安全技术，并被研究公司Gartner评为安全网络网关的领导者。该公司发展迅速，自该公司在公开市场上市以来，短短三年内其股票价值就增长了六倍多。在最近一个季度，收入同比增长 55%，而比林斯则跃升 71%。该公司最近的市值接近 260 亿美元，“本季度客户数量超过 5,000 家，其中包括全球 2000 强中的 500 家，达到了新的里程碑。”2016 财年至 2020 财年期间，收入增长了五倍多。</blockquote></p><p> Zscaler has a \"big, audacious goal\" of reaching 200 million users and 100 million workloads, and in a presentation&nbsp;for investors, outlined a handful of growth drivers, such as upselling to existing customers, an increased presence in Japan and Latin America, and continuing technological innovations.The company has excelledat retaining customers and, indeed, at increasing the average amount they spend.</p><p><blockquote>Zscaler有一个“大而大胆的目标”，即达到2亿用户和1亿工作负载，并在给投资者的演示中概述了一些增长动力，例如向现有客户追加销售、增加在日本和拉丁美洲的业务以及持续的技术创新。该公司在留住客户方面表现出色，事实上，还提高了他们的平均消费金额。</blockquote></p><p> One concern about Zscaler for investors may be that it has been posting net losses, not net income, in recent years. But that's not unusual for younger, smaller companies. They tend to plow as many dollars as possible into furthering their growth.</p><p><blockquote>投资者对 Zscaler 的一个担忧可能是，近年来它一直公布净亏损，而不是净利润。但这对于年轻、规模较小的公司来说并不罕见。他们倾向于投入尽可能多的资金来促进他们的发展。</blockquote></p><p> <b>2. Datadog</b></p><p><blockquote><b>2. 数据狗</b></blockquote></p><p> Software-as-a-service (SaaS)&nbsp;company<b>Datadog</b>(NASDAQ:DDOG)has been public for a shorter period than Zscaler. It debuted on the markets in September of 2019, closing at&nbsp;$37.55 per share on its first day, and it has more than doubled in value since then. Its market value recently sat at $27 billion.</p><p><blockquote>软件即服务（SaaS）公司<b>数据狗</b>（纳斯达克股票代码：DDOG）上市时间比 Zscaler 短。它于 2019 年 9 月上市，首日收盘价为每股 37.55 美元，此后市值翻了一番多。其市值最近为270亿美元。</blockquote></p><p> So what does the company do? In its own words, it's a \"monitoring and security platform for cloud applications,\" which helps companies</p><p><blockquote>那么公司是做什么的呢？用它自己的话来说，它是一个“云应用的监控和安全平台”，可以帮助公司</blockquote></p><p>   enable digital transformation and cloud migration, drive collaboration among development, operations, security and business teams, accelerate time to market for applications, reduce time to problem resolution, secure applications and infrastructure, understand user behavior, and track key business metrics.  Various applications have been added to its platform over time, making it even more powerful and attractive to potential customers, and more will be added. Its customers appear to be findinga lot to like in Datadog's offerings, as the company's retention rate was recently around 130%, suggesting not only that it retained most customers, but also that they increased their spending.</p><p><blockquote>支持数字化转型和云迁移，推动开发、运营、安全和业务团队之间的协作，加快应用程序上市时间，减少解决问题的时间，保护应用程序和基础架构，了解用户行为，并跟踪关键业务指标。随着时间的推移，各种应用程序被添加到其平台中，使其更加强大，对潜在客户更具吸引力，并且还会添加更多应用程序。其客户似乎对 Datadog 的产品非常满意，因为该公司最近的保留率约为 130%，这表明它不仅保留了大多数客户，而且他们还增加了支出。</blockquote></p><p> Datadog is growing rapidly, with revenue tripling&nbsp;between fiscal 2018 and 2020. Like Zscaler, it'sposting losseswhile it invests in growth -- developing additional technologies, hiring more people, acquiring more customers, and ramping up its capabilities. Despite that, it'sgenerating free cash flow, which bodes well for its financial health.</p><p><blockquote>Datadog 发展迅速，2018 财年至 2020 财年期间收入增长了两倍。与 Zscaler 一样，它在投资增长的同时也出现了亏损——开发更多技术、雇佣更多员工、获取更多客户并增强其能力。尽管如此，它还是产生了自由现金流，这对其财务状况来说是个好兆头。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f69bfcb5ba5d9c7e18673db94f759aa5\" tg-width=\"2000\" tg-height=\"1142\"></p><p><blockquote></blockquote></p><p> IMAGE SOURCE: GETTY IMAGES.</p><p><blockquote>图片来源：盖蒂图片社。</blockquote></p><p> <b>3. Palo Alto Networks</b></p><p><blockquote><b>3. 帕洛阿尔托网络</b></blockquote></p><p> <b>Palo Alto Networks</b>(NYSE:PANW)isa global leader in cybersecurity, with a market value recently near $35 billion. Clearly, threats from cyberspace are not going away anytime soon, and companies can't afford to have their systems hacked into and their safeguards breached. Enter Palo Alto, with technology, programs, and even consulting services to help companies secure their data and workings.</p><p><blockquote><b>帕洛阿尔托网络</b>（纽约证券交易所股票代码：PANW）是网络安全领域的全球领导者，近期市值接近 350 亿美元。显然，来自网络空间的威胁不会很快消失，公司不能承受他们的系统被黑客攻击和安全措施被破坏的后果。进入帕洛阿尔托，凭借技术、程序甚至咨询服务，帮助公司保护其数据和工作。</blockquote></p><p> In the company's last reported quarter, revenue and billings jumped 25% and 22% year over year, respectively, topping management's previous guidance. Its growth drivers include its cloud-delivered security subscription offerings, which have gone from four to eight in just two years, and the newer, higher support level that it's offering customers -- \"Platinum Support.\"</p><p><blockquote>在该公司上一个报告季度，收入和账单分别同比增长 25% 和 22%，超过了管理层之前的指导。其增长动力包括其云交付的安全订阅产品，该产品在短短两年内从四个增加到八个，以及它为客户提供的更新、更高级别的支持——“白金支持”。</blockquote></p><p></p><p> Palo Alto's artificial-intelligence-powered threat detection platform Cortex counts&nbsp;66% of the Fortune 100 among its customers, plus 35% of the Global 2000. Interestingly, the company notes that \"Cortex XDR's Behavioral Threat Protection instantly blocked a SolarStorm attack on Palo Alto Networks\" and it sees the SolarStorm attack as a growth driver, as it generated more than 1,000 assessment requests related to it. CEO Nikesh Arora noted ina conference call:</p><p><blockquote>帕洛阿尔托的人工智能驱动的威胁检测平台Cortex拥有66%的财富100强客户，以及35%的全球2000强客户。有趣的是，该公司指出，“Cortex XDR的行为威胁防护立即阻止了对帕洛阿尔托网络的SolarStorm攻击”，并且它将SolarStorm攻击视为增长动力，因为它产生了1000多个与此相关的评估请求。Nikesh Arora 首席执行官在电话会议指出：</blockquote></p><p>   This will result in more awareness and focus on cybersecurity, which in all candor, is the need of the hour given the complete reliance on technology in these times. We expect that this attack will be a wake-up call to all enterprises to modernize cybersecurity and will serve as a net incremental tailwind, not just for us but also for the industry.  These three companies are not selling at bargain-basement prices. But each appears to have a rosy future ahead of it. Consider digging more deeply into any of the companies that interest you, and if you like what you think, you might start a position in one or more by buying a few initial shares, and then add to that position over time. Or play it more conservative and just add the companies to your watch list, hoping for a lower price in the future (and knowing that it may or may not materialize).</p><p><blockquote>这将导致人们对网络安全有更多的认识和关注，坦率地说，鉴于当今时代对技术的完全依赖，这是当务之急。我们预计此次攻击将成为所有企业实现网络安全现代化的唤醒看涨期权，并将成为净增量顺风，不仅对我们，对行业也是如此。这三家公司并没有以低价出售。但每个人似乎都有一个美好的未来。考虑更深入地挖掘您感兴趣的任何公司，如果您喜欢自己的想法，您可以通过购买一些初始股票来建立一家或多家公司的头寸，然后随着时间的推移增加该头寸。或者采取更保守的做法，将这些公司添加到您的观察列表中，希望未来价格会更低（并且知道这可能会也可能不会实现）。</blockquote></p><p> Remember, too, that there are plenty of otherterrific growth stocksout there, and many of them are trading at lower valuations.</p><p><blockquote>还要记住，那里还有很多其他成长型股票，其中许多股票的估值较低。</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>Investing in These Stocks Now Could Make You a Millionaire Retiree<blockquote>现在投资这些股票可以让你成为百万富翁退休人员</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\">\nInvesting in These Stocks Now Could Make You a Millionaire Retiree<blockquote>现在投资这些股票可以让你成为百万富翁退休人员</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-04-28 19:04</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It's much better to be a millionaire retiree than a thousandaire one. You're probably not going to become one, though, unless you take some steps toward it. One good way is to regularly invest meaningful sumsin the stock market, over a long period of time -- such as via a low-cost broad-market index fund.</p><p><blockquote>成为一名百万富翁退休人员比成为一名千万富翁要好得多。不过，除非你采取一些措施，否则你可能不会成为一个。一个好方法是在很长一段时间内定期对股票市场进行有意义的投资，例如通过低成本的大盘指数基金。</blockquote></p><p> If you want to try to get to millionairehood sooner, you might try investing in some carefully chosen individual stocks -- perhaps in addition to investing in index funds. Here are three growth stocks that have a lot of potential.</p><p><blockquote>如果您想尝试更快成为百万富翁，您可以尝试投资一些精心选择的个股——也许除了投资指数基金之外。这里有三只潜力巨大的成长股。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/fb3e1ae423e7496b9bb443443b54b97f\" tg-width=\"700\" tg-height=\"471\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> IMAGE SOURCE: GETTY IMAGES.</p><p><blockquote>图片来源：盖蒂图片社。</blockquote></p><p> <b>1. Zscaler</b></p><p><blockquote><b>1. Zscaler</b></blockquote></p><p> <b>Zscaler</b>(NASDAQ:ZS)offers security technology for companies using various cloud services, and has been named the leader in secure web gateways by research firm Gartner. It has been growing briskly, with its stock increasing in value by more than sixfold over only about three years, since the company debuted on the public market. In its most recent quarter, revenue grew by 55% year over year, while billings jumped 71%. The company, recently sporting a market value near $26 billion, \"reached a new milestone by surpassing 5,000 customers during the quarter, including 500 of the Global 2000.\" Between fiscal 2016 and 2020, revenue grew more than fivefold.</p><p><blockquote><b>缩放器</b>（纳斯达克股票代码：ZS）为使用各种云服务的公司提供安全技术，并被研究公司Gartner评为安全网络网关的领导者。该公司发展迅速，自该公司在公开市场上市以来，短短三年内其股票价值就增长了六倍多。在最近一个季度，收入同比增长 55%，而比林斯则跃升 71%。该公司最近的市值接近 260 亿美元，“本季度客户数量超过 5,000 家，其中包括全球 2000 强中的 500 家，达到了新的里程碑。”2016 财年至 2020 财年期间，收入增长了五倍多。</blockquote></p><p> Zscaler has a \"big, audacious goal\" of reaching 200 million users and 100 million workloads, and in a presentation&nbsp;for investors, outlined a handful of growth drivers, such as upselling to existing customers, an increased presence in Japan and Latin America, and continuing technological innovations.The company has excelledat retaining customers and, indeed, at increasing the average amount they spend.</p><p><blockquote>Zscaler有一个“大而大胆的目标”，即达到2亿用户和1亿工作负载，并在给投资者的演示中概述了一些增长动力，例如向现有客户追加销售、增加在日本和拉丁美洲的业务以及持续的技术创新。该公司在留住客户方面表现出色，事实上，还提高了他们的平均消费金额。</blockquote></p><p> One concern about Zscaler for investors may be that it has been posting net losses, not net income, in recent years. But that's not unusual for younger, smaller companies. They tend to plow as many dollars as possible into furthering their growth.</p><p><blockquote>投资者对 Zscaler 的一个担忧可能是，近年来它一直公布净亏损，而不是净利润。但这对于年轻、规模较小的公司来说并不罕见。他们倾向于投入尽可能多的资金来促进他们的发展。</blockquote></p><p> <b>2. Datadog</b></p><p><blockquote><b>2. 数据狗</b></blockquote></p><p> Software-as-a-service (SaaS)&nbsp;company<b>Datadog</b>(NASDAQ:DDOG)has been public for a shorter period than Zscaler. It debuted on the markets in September of 2019, closing at&nbsp;$37.55 per share on its first day, and it has more than doubled in value since then. Its market value recently sat at $27 billion.</p><p><blockquote>软件即服务（SaaS）公司<b>数据狗</b>（纳斯达克股票代码：DDOG）上市时间比 Zscaler 短。它于 2019 年 9 月上市，首日收盘价为每股 37.55 美元，此后市值翻了一番多。其市值最近为270亿美元。</blockquote></p><p> So what does the company do? In its own words, it's a \"monitoring and security platform for cloud applications,\" which helps companies</p><p><blockquote>那么公司是做什么的呢？用它自己的话来说，它是一个“云应用的监控和安全平台”，可以帮助公司</blockquote></p><p>   enable digital transformation and cloud migration, drive collaboration among development, operations, security and business teams, accelerate time to market for applications, reduce time to problem resolution, secure applications and infrastructure, understand user behavior, and track key business metrics.  Various applications have been added to its platform over time, making it even more powerful and attractive to potential customers, and more will be added. Its customers appear to be findinga lot to like in Datadog's offerings, as the company's retention rate was recently around 130%, suggesting not only that it retained most customers, but also that they increased their spending.</p><p><blockquote>支持数字化转型和云迁移，推动开发、运营、安全和业务团队之间的协作，加快应用程序上市时间，减少解决问题的时间，保护应用程序和基础架构，了解用户行为，并跟踪关键业务指标。随着时间的推移，各种应用程序被添加到其平台中，使其更加强大，对潜在客户更具吸引力，并且还会添加更多应用程序。其客户似乎对 Datadog 的产品非常满意，因为该公司最近的保留率约为 130%，这表明它不仅保留了大多数客户，而且他们还增加了支出。</blockquote></p><p> Datadog is growing rapidly, with revenue tripling&nbsp;between fiscal 2018 and 2020. Like Zscaler, it'sposting losseswhile it invests in growth -- developing additional technologies, hiring more people, acquiring more customers, and ramping up its capabilities. Despite that, it'sgenerating free cash flow, which bodes well for its financial health.</p><p><blockquote>Datadog 发展迅速，2018 财年至 2020 财年期间收入增长了两倍。与 Zscaler 一样，它在投资增长的同时也出现了亏损——开发更多技术、雇佣更多员工、获取更多客户并增强其能力。尽管如此，它还是产生了自由现金流，这对其财务状况来说是个好兆头。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f69bfcb5ba5d9c7e18673db94f759aa5\" tg-width=\"2000\" tg-height=\"1142\"></p><p><blockquote></blockquote></p><p> IMAGE SOURCE: GETTY IMAGES.</p><p><blockquote>图片来源：盖蒂图片社。</blockquote></p><p> <b>3. Palo Alto Networks</b></p><p><blockquote><b>3. 帕洛阿尔托网络</b></blockquote></p><p> <b>Palo Alto Networks</b>(NYSE:PANW)isa global leader in cybersecurity, with a market value recently near $35 billion. Clearly, threats from cyberspace are not going away anytime soon, and companies can't afford to have their systems hacked into and their safeguards breached. Enter Palo Alto, with technology, programs, and even consulting services to help companies secure their data and workings.</p><p><blockquote><b>帕洛阿尔托网络</b>（纽约证券交易所股票代码：PANW）是网络安全领域的全球领导者，近期市值接近 350 亿美元。显然，来自网络空间的威胁不会很快消失，公司不能承受他们的系统被黑客攻击和安全措施被破坏的后果。进入帕洛阿尔托，凭借技术、程序甚至咨询服务，帮助公司保护其数据和工作。</blockquote></p><p> In the company's last reported quarter, revenue and billings jumped 25% and 22% year over year, respectively, topping management's previous guidance. Its growth drivers include its cloud-delivered security subscription offerings, which have gone from four to eight in just two years, and the newer, higher support level that it's offering customers -- \"Platinum Support.\"</p><p><blockquote>在该公司上一个报告季度，收入和账单分别同比增长 25% 和 22%，超过了管理层之前的指导。其增长动力包括其云交付的安全订阅产品，该产品在短短两年内从四个增加到八个，以及它为客户提供的更新、更高级别的支持——“白金支持”。</blockquote></p><p></p><p> Palo Alto's artificial-intelligence-powered threat detection platform Cortex counts&nbsp;66% of the Fortune 100 among its customers, plus 35% of the Global 2000. Interestingly, the company notes that \"Cortex XDR's Behavioral Threat Protection instantly blocked a SolarStorm attack on Palo Alto Networks\" and it sees the SolarStorm attack as a growth driver, as it generated more than 1,000 assessment requests related to it. CEO Nikesh Arora noted ina conference call:</p><p><blockquote>帕洛阿尔托的人工智能驱动的威胁检测平台Cortex拥有66%的财富100强客户，以及35%的全球2000强客户。有趣的是，该公司指出，“Cortex XDR的行为威胁防护立即阻止了对帕洛阿尔托网络的SolarStorm攻击”，并且它将SolarStorm攻击视为增长动力，因为它产生了1000多个与此相关的评估请求。Nikesh Arora 首席执行官在电话会议指出：</blockquote></p><p>   This will result in more awareness and focus on cybersecurity, which in all candor, is the need of the hour given the complete reliance on technology in these times. We expect that this attack will be a wake-up call to all enterprises to modernize cybersecurity and will serve as a net incremental tailwind, not just for us but also for the industry.  These three companies are not selling at bargain-basement prices. But each appears to have a rosy future ahead of it. Consider digging more deeply into any of the companies that interest you, and if you like what you think, you might start a position in one or more by buying a few initial shares, and then add to that position over time. Or play it more conservative and just add the companies to your watch list, hoping for a lower price in the future (and knowing that it may or may not materialize).</p><p><blockquote>这将导致人们对网络安全有更多的认识和关注，坦率地说，鉴于当今时代对技术的完全依赖，这是当务之急。我们预计此次攻击将成为所有企业实现网络安全现代化的唤醒看涨期权，并将成为净增量顺风，不仅对我们，对行业也是如此。这三家公司并没有以低价出售。但每个人似乎都有一个美好的未来。考虑更深入地挖掘您感兴趣的任何公司，如果您喜欢自己的想法，您可以通过购买一些初始股票来建立一家或多家公司的头寸，然后随着时间的推移增加该头寸。或者采取更保守的做法，将这些公司添加到您的观察列表中，希望未来价格会更低（并且知道这可能会也可能不会实现）。</blockquote></p><p> Remember, too, that there are plenty of otherterrific growth stocksout there, and many of them are trading at lower valuations.</p><p><blockquote>还要记住，那里还有很多其他成长型股票，其中许多股票的估值较低。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/04/28/investing-in-these-stocks-now-could-make-you-a-mil/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PANW":"Palo Alto Networks","DDOG":"Datadog","ZS":"Zscaler Inc."},"source_url":"https://www.fool.com/investing/2021/04/28/investing-in-these-stocks-now-could-make-you-a-mil/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129899601","content_text":"It's much better to be a millionaire retiree than a thousandaire one. You're probably not going to become one, though, unless you take some steps toward it. One good way is to regularly invest meaningful sumsin the stock market, over a long period of time -- such as via a low-cost broad-market index fund.\nIf you want to try to get to millionairehood sooner, you might try investing in some carefully chosen individual stocks -- perhaps in addition to investing in index funds. Here are three growth stocks that have a lot of potential.\n\nIMAGE SOURCE: GETTY IMAGES.\n1. Zscaler\nZscaler(NASDAQ:ZS)offers security technology for companies using various cloud services, and has been named the leader in secure web gateways by research firm Gartner. It has been growing briskly, with its stock increasing in value by more than sixfold over only about three years, since the company debuted on the public market. In its most recent quarter, revenue grew by 55% year over year, while billings jumped 71%. The company, recently sporting a market value near $26 billion, \"reached a new milestone by surpassing 5,000 customers during the quarter, including 500 of the Global 2000.\" Between fiscal 2016 and 2020, revenue grew more than fivefold.\nZscaler has a \"big, audacious goal\" of reaching 200 million users and 100 million workloads, and in a presentation for investors, outlined a handful of growth drivers, such as upselling to existing customers, an increased presence in Japan and Latin America, and continuing technological innovations.The company has excelledat retaining customers and, indeed, at increasing the average amount they spend.\nOne concern about Zscaler for investors may be that it has been posting net losses, not net income, in recent years. But that's not unusual for younger, smaller companies. They tend to plow as many dollars as possible into furthering their growth.\n2. Datadog\nSoftware-as-a-service (SaaS) companyDatadog(NASDAQ:DDOG)has been public for a shorter period than Zscaler. It debuted on the markets in September of 2019, closing at $37.55 per share on its first day, and it has more than doubled in value since then. Its market value recently sat at $27 billion.\nSo what does the company do? In its own words, it's a \"monitoring and security platform for cloud applications,\" which helps companies\n\n enable digital transformation and cloud migration, drive collaboration among development, operations, security and business teams, accelerate time to market for applications, reduce time to problem resolution, secure applications and infrastructure, understand user behavior, and track key business metrics.\n\nVarious applications have been added to its platform over time, making it even more powerful and attractive to potential customers, and more will be added. Its customers appear to be findinga lot to like in Datadog's offerings, as the company's retention rate was recently around 130%, suggesting not only that it retained most customers, but also that they increased their spending.\nDatadog is growing rapidly, with revenue tripling between fiscal 2018 and 2020. Like Zscaler, it'sposting losseswhile it invests in growth -- developing additional technologies, hiring more people, acquiring more customers, and ramping up its capabilities. Despite that, it'sgenerating free cash flow, which bodes well for its financial health.\n\nIMAGE SOURCE: GETTY IMAGES.\n3. Palo Alto Networks\nPalo Alto Networks(NYSE:PANW)isa global leader in cybersecurity, with a market value recently near $35 billion. Clearly, threats from cyberspace are not going away anytime soon, and companies can't afford to have their systems hacked into and their safeguards breached. Enter Palo Alto, with technology, programs, and even consulting services to help companies secure their data and workings.\nIn the company's last reported quarter, revenue and billings jumped 25% and 22% year over year, respectively, topping management's previous guidance. Its growth drivers include its cloud-delivered security subscription offerings, which have gone from four to eight in just two years, and the newer, higher support level that it's offering customers -- \"Platinum Support.\"\nPalo Alto's artificial-intelligence-powered threat detection platform Cortex counts 66% of the Fortune 100 among its customers, plus 35% of the Global 2000. Interestingly, the company notes that \"Cortex XDR's Behavioral Threat Protection instantly blocked a SolarStorm attack on Palo Alto Networks\" and it sees the SolarStorm attack as a growth driver, as it generated more than 1,000 assessment requests related to it. CEO Nikesh Arora noted ina conference call:\n\n This will result in more awareness and focus on cybersecurity, which in all candor, is the need of the hour given the complete reliance on technology in these times. We expect that this attack will be a wake-up call to all enterprises to modernize cybersecurity and will serve as a net incremental tailwind, not just for us but also for the industry.\n\nThese three companies are not selling at bargain-basement prices. But each appears to have a rosy future ahead of it. Consider digging more deeply into any of the companies that interest you, and if you like what you think, you might start a position in one or more by buying a few initial shares, and then add to that position over time. Or play it more conservative and just add the companies to your watch list, hoping for a lower price in the future (and knowing that it may or may not materialize).\nRemember, too, that there are plenty of otherterrific growth stocksout there, and many of them are trading at lower valuations.","news_type":1,"symbols_score_info":{"ZS":0.9,"DDOG":0.9,"PANW":0.9}},"isVote":1,"tweetType":1,"viewCount":2404,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327246159,"gmtCreate":1616100361271,"gmtModify":1631890675264,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/APA\">$APA Corporation(APA)$</a>prepare to sell APA to buy other tech stock dips?","listText":"<a href=\"https://laohu8.com/S/APA\">$APA Corporation(APA)$</a>prepare to sell APA to buy other tech stock dips?","text":"$APA Corporation(APA)$prepare to sell APA to buy other tech stock dips?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/327246159","isVote":1,"tweetType":1,"viewCount":658,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373374749,"gmtCreate":1618827205681,"gmtModify":1634290595794,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","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":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/373374749","repostId":"1162662309","repostType":4,"repost":{"id":"1162662309","kind":"news","pubTimestamp":1618762645,"share":"https://www.laohunote.com/m/news/1162662309?lang=zh_CN&edition=full","pubTime":"2021-04-19 00:17","market":"us","language":"en","title":"Stocks To Watch: Apple Event, Disney Callout And Earnings Blitz<blockquote>值得关注的股票：苹果事件、迪士尼公布和盈利闪电战</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1162662309","media":"seekingalpha","summary":"Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the this week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning. A podcast of Stocks to Watch is also available on Sundays onSeeking Alpha,Apple Podcasts,StitcherandSpotify.Economic reports due out this week include the latest updates on existing home sales, new home sales, jobless claims and PMI. Big earnings reports blast in every day this week across ","content":"<p>Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the this week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning. A podcast of Stocks to Watch is also available on Sundays onSeeking Alpha,Apple Podcasts,StitcherandSpotify(click the highlighted links).</p><p><blockquote>欢迎来到 Seeking Alpha 值得关注的股票 - 本周重要事件的预览。关注这个账户，打开电子邮件提醒，每周六早上在你的收件箱中接收这篇文章。周日还可以在 Seeking Alpha、Apple Podcasts、Stitcher 和 Spotify 上观看股票播客（点击突出显示的链接）。</blockquote></p><p>Economic reports due out this week include the latest updates on existing home sales, new home sales, jobless claims and PMI. Big earnings reports blast in every day this week across sectors. Of note, the follow-up conference calls from Coca-Cola(NYSE:KO), Netflix(NASDAQ:NFLX)and Intel(NASDAQ:INTC)could be on the interesting side. On the vaccine front, the Centers for Disease Control and Prevention's Advisory Committee on Immunization Practices is expected to meet late this week to consider recommendations for Johnson &amp; Johnson's(NYSE:JNJ)shot, which has been linked to rare blood clots in the brain.</p><p><blockquote>本周将发布的经济报告包括成屋销售、新屋销售、申请失业救济人数和采购经理人指数的最新更新。本周，各行各业每天都有大型财报涌现。值得注意的是，可口可乐（纽约证券交易所股票代码：KO）、Netflix（纳斯达克股票代码：NFLX）和英特尔（纳斯达克股票代码：INTC）的后续会议评级可能会很有趣。在疫苗方面，疾病控制和预防中心免疫实践咨询委员会预计将于本周晚些时候召开会议，考虑强生公司（纽约证券交易所股票代码：JNJ）疫苗的建议，该疫苗与大脑中罕见的血栓有关。</blockquote></p><p><b>Earnings spotlight:</b>&nbsp;Earnings season heats up in a big way with reports due in from Coca-Cola (KO), IBM(NYSE:IBM)and United Airlines(NASDAQ:UAL)on April 19; Johnson &amp; Johnson (JNJ), Procter &amp; Gamble(NYSE:PG), Philip Morris International(NYSE:PM), Abbott Labs(NYSE:ABT)and Netflix (NFLX) on April 20; Anthem(NYSE:ANTM), Verizon(NYSE:VZ), Chipotle(NYSE:CMG)and Lam Research(NASDAQ:LRCX)on April 21; AT&amp;T(NYSE:T), Dow(NYSE:DOW), Intel (INTC), Seagate Tech(NASDAQ:STX)and Mattel(NASDAQ:MAT)on April 22; as well as American Express(NYSE:AXP)and Honeywell(NYSE:HON)on April 23.</p><p><blockquote><b>盈利聚焦：</b>随着可口可乐 (KO)、IBM(NYSE:IBM) 和联合航空 (NASDAQ:UAL) 将于 4 月 19 日发布报告，财报季大幅升温；4 月 20 日，强生公司 (JNJ)、宝洁公司 (NYSE:PG)、菲利普莫里斯国际公司 (NYSE:PM)、雅培实验室 (NYSE:ABT) 和 Netflix (NFLX)；4 月 21 日，Anthem（纽约证券交易所股票代码：ANTM）、Verizon（纽约证券交易所股票代码：VZ）、Chipotle（纽约证券交易所股票代码：CMG）和 Lam Research（纳斯达克股票代码：LRCX）；AT&amp;T(NYSE:T)、陶氏化学(NYSE:DOW)、英特尔(INTC)、希捷科技(NASDAQ:STX)和美泰(NASDAQ:MAT)于4月22日；以及 4 月 23 日的美国运通 (NYSE:AXP) 和霍尼韦尔 (NYSE:HON)。</blockquote></p><p><img src=\"https://static.tigerbbs.com/522c9bdad799a71c4e6bad965f9f00f3\" tg-width=\"1530\" tg-height=\"650\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>IPO watch:</b>&nbsp;IPOs expected to start trading during the week include UiPAth (PATH), DoubleVerify (DV) and NeuroPace (NPCE) on April 20, as well as Zymergern (ZY) and KnowBe4 (KNBE) on April 22. IPO lockup periods expire on Datto Holding(NYSE:MSP), Topaz Energy(NYSE:TPZ), McAfee(NASDAQ:MCFE), Guild Holdings(NYSE:GHLD), Foghorn Therapeutics(NASDAQ:FHTX)and ComSovereign Holding(NASDAQ:COMS). The analyst quiet period expires on ThredUp(NASDAQ:TDUP)on April 20 to free up analysts to post ratings. Shares of Trip.com(NASDAQ:TRIP)will begin trading in Hong Kong this week following a new listing.</p><p><blockquote><b>IPO观察：</b>预计本周开始交易的 IPO 包括 4 月 20 日的 UiPAth (PATH)、DoubleVerify (DV) 和 NeuroPace (NPCE)，以及 4 月 22 日的 Zymergern (ZY) 和 KnowBe4 (KNBE)。Datto Holding（纽约证券交易所股票代码：MSP）、Topaz Energy（纽约证券交易所股票代码：TPZ）、McAfee（纳斯达克股票代码：MCFE）、Guild Holdings（纽约证券交易所股票代码：GHLD）、Foghorn Therapeutics（纳斯达克股票代码：FHTX）和 ComSovereign Holding（纳斯达克股票代码：COMS）的 IPO 锁定期即将到期。ThredUp（纳斯达克股票代码：TDUP）的分析师安静期将于 4 月 20 日到期，以便分析师可以自由发布评级。Trip.com（纳斯达克股票代码：TRIP）在新上市后将于本周在香港开始交易。</blockquote></p><p><b>Apple event:</b>&nbsp;Apple(NASDAQ:AAPL)holds an event on April 20 called \"Spring Loaded\" to show off new products. Information out of Cupertino has been pretty tight, but the company could reveal new iPads, new iMacs, new AirPods, AirTags, a new Apple TV and possibly a new Apple Pencil.</p><p><blockquote><b>苹果事件：</b>苹果（纳斯达克股票代码：AAPL）将于 4 月 20 日举办名为“Spring Loaded”的活动，展示新产品。来自库比蒂诺的信息相当紧张，但该公司可能会发布新的iPad、新的iMac、新的AirPods、AirTags、新的苹果电视，可能还有新的苹果铅笔。</blockquote></p><p><b>Projected dividend increases (quarterly):</b>&nbsp;Expected dividend boosts for the week include Comfort Systems USA(NYSE:FIX)to $0.125 from $0.1115, HP Enterprise(NYSE:HPE)to $0.1275 from $0.12, Pool Corp(NASDAQ:POOL)to $0.61 from $0.58, Johnson &amp; Johnson to $1.06 from $1.01, Travelers(NYSE:TRV)to $0.88 from $0.85, Southern Company(NYSE:SO)to $0.66 from $0.64, Kinder Morgan(NYSE:KMI)to $0.27 from $0.2625 and Nasdaq(NASDAQ:NDAQ)to $0.50 from $0.49.</p><p><blockquote><b>预计股息增加（季度）：</b>本周预计股息上调包括 Comfort Systems USA (NYSE:FIX) 从 0.1115 美元上调至 0.125 美元，HP Enterprise (NYSE:HPE) 从 0.12 美元上调至 0.1275 美元，Pool Corp (NASDAQ:POOL) 从 0.58 美元上调至 0.61 美元，强生公司从 1.01 美元上调至 1.06 美元，Travelers (NYSE:TRV) 从 0.85 美元上调至 0.88 美元，南方公司 (NYSE:SO) 从 0.64 美元上调至 0.66 美元，金德摩根 (NYSE:KMI) 从 0.2625 美元上调至 0.27 美元，纳斯达克 (NASDAQ:NDAQ) 从 0.49 美元上调至 0.50 美元。</blockquote></p><p><b>M&amp;A tidbits:</b>&nbsp;The highly-anticipated Aphria(NASDAQ:APHA)-Tilray(NASDAQ:TLRY)merger is expected to close on April 20. The tender offer on the GenMark Diagnostics(NASDAQ:GNMK)-Roche(OTCQX:RHHBY)deal expires on April 21. GW Pharmaceuticals(NASDAQ:GWPH)shareholders vote on the Jazz Pharmaceuticals(NASDAQ:JAZZ)deal on April 23.</p><p><blockquote><b>并购花絮：</b>备受期待的 Aphria（纳斯达克股票代码：APHA）-Tilray（纳斯达克股票代码：TLRY）合并预计将于 4 月 20 日完成。GenMark Diagnostics（纳斯达克股票代码：GNMK）-罗氏（OTCQX：RHHBY）交易的要约收购将于 4 月 21 日到期。GW Pharmaceuticals（纳斯达克股票代码：GWPH）股东于 4 月 23 日对 Jazz Pharmaceuticals（纳斯达克股票代码：JAZZ）交易进行投票。</blockquote></p><p><b>ARK Invest watch:</b>&nbsp;Investors may want to keep an eye on Coinbase Global(NASDAQ:COIN)after ARK Invest came in Friday with a purchase of 19,599 shares for the ARK Fintech Innovation ETF(NYSEARCA:ARKF)and 112,539 shares for the ARK Innovation ETF(NYSEARCA:ARKK). Cathie Wood's firm also defended Silvergate(NYSE:SI)after its mid-week stumble likely in response to the Coinbase IPO. \"Investors potentially took profits to diversify their exposure to crypto in the public markets. \"In our view, the Silvergate Exchange Network, with its strong network effects, positions Silvergate as both a facilitator and a prime beneficiary of increased crypto adoption,\" ARK reasons.</p><p><blockquote><b>方舟投资观察：</b>ARK Invest 周五购买了 19,599 股 ARK Fintech Innovation ETF (NYSEARCA:ARKF) 和 112,539 股 ARK Innovation ETF (NYSEARCA:ARKF) 股票，投资者可能需要关注 Coinbase Global（纳斯达克股票代码：COIN） ETF (NYSEARCA:ARKK)。凯西·伍德 (Cathie Wood) 的公司也为 Silvergate (NYSE:SI) 辩护，此前该公司在周中可能因 Coinbase IPO 而遭遇挫折。“投资者可能会获利了结，以分散他们在公开市场上对加密货币的投资。 “在我们看来，Silvergate 交易所网络凭借其强大的网络效应，将 Silvergate 定位为加密货币采用增加的促进者和主要受益者，”ARK reasons。</blockquote></p><p><b>Corporate spotlight:</b>&nbsp;Major events this week include strategic updates from Advance Auto Parts(NYSE:AAP)and Royal Gold(NYSE:GOLD)on April 20, as well as investor days for Dye &amp; Durham(OTC:DYNDF)and SMART Global(NASDAQ:SGH). On April 21, MGM Resorts(NYSE:MGM)and Entain(OTCPK:GMVHF)along with their U.S. venture BetMGM will host a business update event for analysts and investors. The event will provide deeper insights into the rapidly growing U.S. sports betting and iGaming business of BetMGM. A new forecast on the industry's total addressable market could be a share price catalyst for DraftKings(NASDAQ:DKNG)and Penn National Gaming(NASDAQ:PENN)as well. Check outSeeking Alpha's Catalyst Watch for a detailed list of more events to watch.</p><p><blockquote><b>企业聚焦：</b>本周的重大事件包括 Advance Auto Parts (NYSE:AAP) 和 Royal Gold (NYSE:GOLD) 于 4 月 20 日发布的战略更新，以及 Dye &amp; Durham (OTC:DYNDF) 和 SMART Global (NASDAQ:SGH) 的投资者日。4 月 21 日，米高梅度假村 (NYSE:MGM) 和 Entain (OTCPK:GMVHF) 及其美国合资企业 BetMGM 将为分析师和投资者举办一场业务更新活动。该活动将为BetMGM快速增长的美国体育博彩和iGaming业务提供更深入的见解。对该行业总潜在市场的新预测也可能成为 DraftKings（纳斯达克股票代码：DKNG）和 Penn National Gaming（纳斯达克股票代码：PENN）的股价催化剂。查看outSeeking Alpha的Catalyst Watch，了解更多值得关注的事件的详细列表。</blockquote></p><p></p><p><b>Conferences rundown:</b>&nbsp;Notable conferences running during the week include the H.C Wainwright Spring Mining Conference, Linley Spring Processor Conference 2021, the Kempen Life Sciences Conference, the Jefferies Microbiome-based Therapeutics Summit 2021 and the Stifel GMP &amp; Stifel First Energy Canada Cross Sector Insight Conference 2021. Check outSeeking Alpha's Catalyst Watch for a detailed list of events to watch.</p><p><blockquote><b>会议纲要：</b>本周举行的著名会议包括 H.C Wainwright Spring Mining Conference、Linley Spring Processor Conference 2021、Kempen Life Sciences Conference、Jefferies Microbiome Therapeutics Summit 2021 和 Stifel GMP &amp; Stifel First Energy Canada 2021 跨部门洞察会议。查看outSeeking Alpha的Catalyst Watch，了解要观看的事件的详细列表。</blockquote></p><p><b>Barron's mentions:</b>&nbsp;Disney(NYSE:DIS)makes the cover of Barron's this week as the media giant is given credit for positioning itself for post-COVID growth. Disney is said to have come out ahead after CEO Bob Chapek and team faced the severest of financial stress tests. \"When parks and theaters emptied out a year ago, costs kept rolling in, and the fastest-growing part of the business, streaming, was consuming cash—as it still is. Yet, Disney generated $3.6 billion in free cash during its fiscal year ended last September. It’s seen producing $3.3 billion this year before the numbers begin a sharp rebound,\" notes Jack Hough. While the movie business is still sputtering to restart and the TV business is seen holding steady at best, streaming results have shattered forecasts. Disney+ smashed expectations in piling up 100M in less than 18 months, compared to the 10 years it took Netflix to hit that level. Disney is targeting 300M to 350M subscribers by 2024 across all of its streaming platforms, including Hulu, ESPN+, Hotstar in India, and Star+ in Latin America (launches in June). PetIQ(NASDAQ:PETQ)and O'Reilly Automotive(NASDAQ:ORLY)also land favorable write-ups this week.</p><p><blockquote><b>《巴伦周刊》提到：</b>迪士尼（纽约证券交易所股票代码：DIS）本周登上了《巴伦周刊》的封面，这家媒体巨头因其为新冠疫情后的增长定位而受到赞扬。据说，在首席执行官鲍勃·查佩克和团队面临最严重的财务压力测试后，迪士尼站了出来。“一年前，当公园和影院空无一人时，成本不断增加，而增长最快的业务--流媒体--正在消耗现金--现在仍然如此。然而，在截至去年 9 月的财年中，迪士尼却产生了 36 亿美元的自由现金。在数字开始大幅反弹之前，迪士尼今年将产生 33 亿美元的自由现金，”杰克-霍夫（Jack Hough）指出。虽然电影业务仍在努力重启，电视业务充其量保持稳定，但流媒体业绩打破了预测。Disney+在不到18个月的时间里积累了1亿，打破了预期，而Netflix用了10年才达到这一水平。迪士尼的目标是到 2024 年在其所有流媒体平台上拥有 3 亿至 3.5 亿用户，包括 Hulu、ESPN+、印度的 Hotstar 和拉丁美洲的 Star+（6 月推出）。PetIQ（纳斯达克股票代码：PETQ）和 O'Reilly Automotive（纳斯达克股票代码：ORLY）本周也获得了有利的报道。</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>Stocks To Watch: Apple Event, Disney Callout And Earnings Blitz<blockquote>值得关注的股票：苹果事件、迪士尼公布和盈利闪电战</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\">\nStocks To Watch: Apple Event, Disney Callout And Earnings Blitz<blockquote>值得关注的股票：苹果事件、迪士尼公布和盈利闪电战</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-04-19 00:17</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the this week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning. A podcast of Stocks to Watch is also available on Sundays onSeeking Alpha,Apple Podcasts,StitcherandSpotify(click the highlighted links).</p><p><blockquote>欢迎来到 Seeking Alpha 值得关注的股票 - 本周重要事件的预览。关注这个账户，打开电子邮件提醒，每周六早上在你的收件箱中接收这篇文章。周日还可以在 Seeking Alpha、Apple Podcasts、Stitcher 和 Spotify 上观看股票播客（点击突出显示的链接）。</blockquote></p><p>Economic reports due out this week include the latest updates on existing home sales, new home sales, jobless claims and PMI. Big earnings reports blast in every day this week across sectors. Of note, the follow-up conference calls from Coca-Cola(NYSE:KO), Netflix(NASDAQ:NFLX)and Intel(NASDAQ:INTC)could be on the interesting side. On the vaccine front, the Centers for Disease Control and Prevention's Advisory Committee on Immunization Practices is expected to meet late this week to consider recommendations for Johnson &amp; Johnson's(NYSE:JNJ)shot, which has been linked to rare blood clots in the brain.</p><p><blockquote>本周将发布的经济报告包括成屋销售、新屋销售、申请失业救济人数和采购经理人指数的最新更新。本周，各行各业每天都有大型财报涌现。值得注意的是，可口可乐（纽约证券交易所股票代码：KO）、Netflix（纳斯达克股票代码：NFLX）和英特尔（纳斯达克股票代码：INTC）的后续会议评级可能会很有趣。在疫苗方面，疾病控制和预防中心免疫实践咨询委员会预计将于本周晚些时候召开会议，考虑强生公司（纽约证券交易所股票代码：JNJ）疫苗的建议，该疫苗与大脑中罕见的血栓有关。</blockquote></p><p><b>Earnings spotlight:</b>&nbsp;Earnings season heats up in a big way with reports due in from Coca-Cola (KO), IBM(NYSE:IBM)and United Airlines(NASDAQ:UAL)on April 19; Johnson &amp; Johnson (JNJ), Procter &amp; Gamble(NYSE:PG), Philip Morris International(NYSE:PM), Abbott Labs(NYSE:ABT)and Netflix (NFLX) on April 20; Anthem(NYSE:ANTM), Verizon(NYSE:VZ), Chipotle(NYSE:CMG)and Lam Research(NASDAQ:LRCX)on April 21; AT&amp;T(NYSE:T), Dow(NYSE:DOW), Intel (INTC), Seagate Tech(NASDAQ:STX)and Mattel(NASDAQ:MAT)on April 22; as well as American Express(NYSE:AXP)and Honeywell(NYSE:HON)on April 23.</p><p><blockquote><b>盈利聚焦：</b>随着可口可乐 (KO)、IBM(NYSE:IBM) 和联合航空 (NASDAQ:UAL) 将于 4 月 19 日发布报告，财报季大幅升温；4 月 20 日，强生公司 (JNJ)、宝洁公司 (NYSE:PG)、菲利普莫里斯国际公司 (NYSE:PM)、雅培实验室 (NYSE:ABT) 和 Netflix (NFLX)；4 月 21 日，Anthem（纽约证券交易所股票代码：ANTM）、Verizon（纽约证券交易所股票代码：VZ）、Chipotle（纽约证券交易所股票代码：CMG）和 Lam Research（纳斯达克股票代码：LRCX）；AT&amp;T(NYSE:T)、陶氏化学(NYSE:DOW)、英特尔(INTC)、希捷科技(NASDAQ:STX)和美泰(NASDAQ:MAT)于4月22日；以及 4 月 23 日的美国运通 (NYSE:AXP) 和霍尼韦尔 (NYSE:HON)。</blockquote></p><p><img src=\"https://static.tigerbbs.com/522c9bdad799a71c4e6bad965f9f00f3\" tg-width=\"1530\" tg-height=\"650\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>IPO watch:</b>&nbsp;IPOs expected to start trading during the week include UiPAth (PATH), DoubleVerify (DV) and NeuroPace (NPCE) on April 20, as well as Zymergern (ZY) and KnowBe4 (KNBE) on April 22. IPO lockup periods expire on Datto Holding(NYSE:MSP), Topaz Energy(NYSE:TPZ), McAfee(NASDAQ:MCFE), Guild Holdings(NYSE:GHLD), Foghorn Therapeutics(NASDAQ:FHTX)and ComSovereign Holding(NASDAQ:COMS). The analyst quiet period expires on ThredUp(NASDAQ:TDUP)on April 20 to free up analysts to post ratings. Shares of Trip.com(NASDAQ:TRIP)will begin trading in Hong Kong this week following a new listing.</p><p><blockquote><b>IPO观察：</b>预计本周开始交易的 IPO 包括 4 月 20 日的 UiPAth (PATH)、DoubleVerify (DV) 和 NeuroPace (NPCE)，以及 4 月 22 日的 Zymergern (ZY) 和 KnowBe4 (KNBE)。Datto Holding（纽约证券交易所股票代码：MSP）、Topaz Energy（纽约证券交易所股票代码：TPZ）、McAfee（纳斯达克股票代码：MCFE）、Guild Holdings（纽约证券交易所股票代码：GHLD）、Foghorn Therapeutics（纳斯达克股票代码：FHTX）和 ComSovereign Holding（纳斯达克股票代码：COMS）的 IPO 锁定期即将到期。ThredUp（纳斯达克股票代码：TDUP）的分析师安静期将于 4 月 20 日到期，以便分析师可以自由发布评级。Trip.com（纳斯达克股票代码：TRIP）在新上市后将于本周在香港开始交易。</blockquote></p><p><b>Apple event:</b>&nbsp;Apple(NASDAQ:AAPL)holds an event on April 20 called \"Spring Loaded\" to show off new products. Information out of Cupertino has been pretty tight, but the company could reveal new iPads, new iMacs, new AirPods, AirTags, a new Apple TV and possibly a new Apple Pencil.</p><p><blockquote><b>苹果事件：</b>苹果（纳斯达克股票代码：AAPL）将于 4 月 20 日举办名为“Spring Loaded”的活动，展示新产品。来自库比蒂诺的信息相当紧张，但该公司可能会发布新的iPad、新的iMac、新的AirPods、AirTags、新的苹果电视，可能还有新的苹果铅笔。</blockquote></p><p><b>Projected dividend increases (quarterly):</b>&nbsp;Expected dividend boosts for the week include Comfort Systems USA(NYSE:FIX)to $0.125 from $0.1115, HP Enterprise(NYSE:HPE)to $0.1275 from $0.12, Pool Corp(NASDAQ:POOL)to $0.61 from $0.58, Johnson &amp; Johnson to $1.06 from $1.01, Travelers(NYSE:TRV)to $0.88 from $0.85, Southern Company(NYSE:SO)to $0.66 from $0.64, Kinder Morgan(NYSE:KMI)to $0.27 from $0.2625 and Nasdaq(NASDAQ:NDAQ)to $0.50 from $0.49.</p><p><blockquote><b>预计股息增加（季度）：</b>本周预计股息上调包括 Comfort Systems USA (NYSE:FIX) 从 0.1115 美元上调至 0.125 美元，HP Enterprise (NYSE:HPE) 从 0.12 美元上调至 0.1275 美元，Pool Corp (NASDAQ:POOL) 从 0.58 美元上调至 0.61 美元，强生公司从 1.01 美元上调至 1.06 美元，Travelers (NYSE:TRV) 从 0.85 美元上调至 0.88 美元，南方公司 (NYSE:SO) 从 0.64 美元上调至 0.66 美元，金德摩根 (NYSE:KMI) 从 0.2625 美元上调至 0.27 美元，纳斯达克 (NASDAQ:NDAQ) 从 0.49 美元上调至 0.50 美元。</blockquote></p><p><b>M&amp;A tidbits:</b>&nbsp;The highly-anticipated Aphria(NASDAQ:APHA)-Tilray(NASDAQ:TLRY)merger is expected to close on April 20. The tender offer on the GenMark Diagnostics(NASDAQ:GNMK)-Roche(OTCQX:RHHBY)deal expires on April 21. GW Pharmaceuticals(NASDAQ:GWPH)shareholders vote on the Jazz Pharmaceuticals(NASDAQ:JAZZ)deal on April 23.</p><p><blockquote><b>并购花絮：</b>备受期待的 Aphria（纳斯达克股票代码：APHA）-Tilray（纳斯达克股票代码：TLRY）合并预计将于 4 月 20 日完成。GenMark Diagnostics（纳斯达克股票代码：GNMK）-罗氏（OTCQX：RHHBY）交易的要约收购将于 4 月 21 日到期。GW Pharmaceuticals（纳斯达克股票代码：GWPH）股东于 4 月 23 日对 Jazz Pharmaceuticals（纳斯达克股票代码：JAZZ）交易进行投票。</blockquote></p><p><b>ARK Invest watch:</b>&nbsp;Investors may want to keep an eye on Coinbase Global(NASDAQ:COIN)after ARK Invest came in Friday with a purchase of 19,599 shares for the ARK Fintech Innovation ETF(NYSEARCA:ARKF)and 112,539 shares for the ARK Innovation ETF(NYSEARCA:ARKK). Cathie Wood's firm also defended Silvergate(NYSE:SI)after its mid-week stumble likely in response to the Coinbase IPO. \"Investors potentially took profits to diversify their exposure to crypto in the public markets. \"In our view, the Silvergate Exchange Network, with its strong network effects, positions Silvergate as both a facilitator and a prime beneficiary of increased crypto adoption,\" ARK reasons.</p><p><blockquote><b>方舟投资观察：</b>ARK Invest 周五购买了 19,599 股 ARK Fintech Innovation ETF (NYSEARCA:ARKF) 和 112,539 股 ARK Innovation ETF (NYSEARCA:ARKF) 股票，投资者可能需要关注 Coinbase Global（纳斯达克股票代码：COIN） ETF (NYSEARCA:ARKK)。凯西·伍德 (Cathie Wood) 的公司也为 Silvergate (NYSE:SI) 辩护，此前该公司在周中可能因 Coinbase IPO 而遭遇挫折。“投资者可能会获利了结，以分散他们在公开市场上对加密货币的投资。 “在我们看来，Silvergate 交易所网络凭借其强大的网络效应，将 Silvergate 定位为加密货币采用增加的促进者和主要受益者，”ARK reasons。</blockquote></p><p><b>Corporate spotlight:</b>&nbsp;Major events this week include strategic updates from Advance Auto Parts(NYSE:AAP)and Royal Gold(NYSE:GOLD)on April 20, as well as investor days for Dye &amp; Durham(OTC:DYNDF)and SMART Global(NASDAQ:SGH). On April 21, MGM Resorts(NYSE:MGM)and Entain(OTCPK:GMVHF)along with their U.S. venture BetMGM will host a business update event for analysts and investors. The event will provide deeper insights into the rapidly growing U.S. sports betting and iGaming business of BetMGM. A new forecast on the industry's total addressable market could be a share price catalyst for DraftKings(NASDAQ:DKNG)and Penn National Gaming(NASDAQ:PENN)as well. Check outSeeking Alpha's Catalyst Watch for a detailed list of more events to watch.</p><p><blockquote><b>企业聚焦：</b>本周的重大事件包括 Advance Auto Parts (NYSE:AAP) 和 Royal Gold (NYSE:GOLD) 于 4 月 20 日发布的战略更新，以及 Dye &amp; Durham (OTC:DYNDF) 和 SMART Global (NASDAQ:SGH) 的投资者日。4 月 21 日，米高梅度假村 (NYSE:MGM) 和 Entain (OTCPK:GMVHF) 及其美国合资企业 BetMGM 将为分析师和投资者举办一场业务更新活动。该活动将为BetMGM快速增长的美国体育博彩和iGaming业务提供更深入的见解。对该行业总潜在市场的新预测也可能成为 DraftKings（纳斯达克股票代码：DKNG）和 Penn National Gaming（纳斯达克股票代码：PENN）的股价催化剂。查看outSeeking Alpha的Catalyst Watch，了解更多值得关注的事件的详细列表。</blockquote></p><p></p><p><b>Conferences rundown:</b>&nbsp;Notable conferences running during the week include the H.C Wainwright Spring Mining Conference, Linley Spring Processor Conference 2021, the Kempen Life Sciences Conference, the Jefferies Microbiome-based Therapeutics Summit 2021 and the Stifel GMP &amp; Stifel First Energy Canada Cross Sector Insight Conference 2021. Check outSeeking Alpha's Catalyst Watch for a detailed list of events to watch.</p><p><blockquote><b>会议纲要：</b>本周举行的著名会议包括 H.C Wainwright Spring Mining Conference、Linley Spring Processor Conference 2021、Kempen Life Sciences Conference、Jefferies Microbiome Therapeutics Summit 2021 和 Stifel GMP &amp; Stifel First Energy Canada 2021 跨部门洞察会议。查看outSeeking Alpha的Catalyst Watch，了解要观看的事件的详细列表。</blockquote></p><p><b>Barron's mentions:</b>&nbsp;Disney(NYSE:DIS)makes the cover of Barron's this week as the media giant is given credit for positioning itself for post-COVID growth. Disney is said to have come out ahead after CEO Bob Chapek and team faced the severest of financial stress tests. \"When parks and theaters emptied out a year ago, costs kept rolling in, and the fastest-growing part of the business, streaming, was consuming cash—as it still is. Yet, Disney generated $3.6 billion in free cash during its fiscal year ended last September. It’s seen producing $3.3 billion this year before the numbers begin a sharp rebound,\" notes Jack Hough. While the movie business is still sputtering to restart and the TV business is seen holding steady at best, streaming results have shattered forecasts. Disney+ smashed expectations in piling up 100M in less than 18 months, compared to the 10 years it took Netflix to hit that level. Disney is targeting 300M to 350M subscribers by 2024 across all of its streaming platforms, including Hulu, ESPN+, Hotstar in India, and Star+ in Latin America (launches in June). PetIQ(NASDAQ:PETQ)and O'Reilly Automotive(NASDAQ:ORLY)also land favorable write-ups this week.</p><p><blockquote><b>《巴伦周刊》提到：</b>迪士尼（纽约证券交易所股票代码：DIS）本周登上了《巴伦周刊》的封面，这家媒体巨头因其为新冠疫情后的增长定位而受到赞扬。据说，在首席执行官鲍勃·查佩克和团队面临最严重的财务压力测试后，迪士尼站了出来。“一年前，当公园和影院空无一人时，成本不断增加，而增长最快的业务--流媒体--正在消耗现金--现在仍然如此。然而，在截至去年 9 月的财年中，迪士尼却产生了 36 亿美元的自由现金。在数字开始大幅反弹之前，迪士尼今年将产生 33 亿美元的自由现金，”杰克-霍夫（Jack Hough）指出。虽然电影业务仍在努力重启，电视业务充其量保持稳定，但流媒体业绩打破了预测。Disney+在不到18个月的时间里积累了1亿，打破了预期，而Netflix用了10年才达到这一水平。迪士尼的目标是到 2024 年在其所有流媒体平台上拥有 3 亿至 3.5 亿用户，包括 Hulu、ESPN+、印度的 Hotstar 和拉丁美洲的 Star+（6 月推出）。PetIQ（纳斯达克股票代码：PETQ）和 O'Reilly Automotive（纳斯达克股票代码：ORLY）本周也获得了有利的报道。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4419571-stocks-to-watch-apple-event-disney-callout-and-earnings-blitz\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"https://seekingalpha.com/article/4419571-stocks-to-watch-apple-event-disney-callout-and-earnings-blitz","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162662309","content_text":"Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the this week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning. A podcast of Stocks to Watch is also available on Sundays onSeeking Alpha,Apple Podcasts,StitcherandSpotify(click the highlighted links).Economic reports due out this week include the latest updates on existing home sales, new home sales, jobless claims and PMI. Big earnings reports blast in every day this week across sectors. Of note, the follow-up conference calls from Coca-Cola(NYSE:KO), Netflix(NASDAQ:NFLX)and Intel(NASDAQ:INTC)could be on the interesting side. On the vaccine front, the Centers for Disease Control and Prevention's Advisory Committee on Immunization Practices is expected to meet late this week to consider recommendations for Johnson & Johnson's(NYSE:JNJ)shot, which has been linked to rare blood clots in the brain.Earnings spotlight: Earnings season heats up in a big way with reports due in from Coca-Cola (KO), IBM(NYSE:IBM)and United Airlines(NASDAQ:UAL)on April 19; Johnson & Johnson (JNJ), Procter & Gamble(NYSE:PG), Philip Morris International(NYSE:PM), Abbott Labs(NYSE:ABT)and Netflix (NFLX) on April 20; Anthem(NYSE:ANTM), Verizon(NYSE:VZ), Chipotle(NYSE:CMG)and Lam Research(NASDAQ:LRCX)on April 21; AT&T(NYSE:T), Dow(NYSE:DOW), Intel (INTC), Seagate Tech(NASDAQ:STX)and Mattel(NASDAQ:MAT)on April 22; as well as American Express(NYSE:AXP)and Honeywell(NYSE:HON)on April 23.IPO watch: IPOs expected to start trading during the week include UiPAth (PATH), DoubleVerify (DV) and NeuroPace (NPCE) on April 20, as well as Zymergern (ZY) and KnowBe4 (KNBE) on April 22. IPO lockup periods expire on Datto Holding(NYSE:MSP), Topaz Energy(NYSE:TPZ), McAfee(NASDAQ:MCFE), Guild Holdings(NYSE:GHLD), Foghorn Therapeutics(NASDAQ:FHTX)and ComSovereign Holding(NASDAQ:COMS). The analyst quiet period expires on ThredUp(NASDAQ:TDUP)on April 20 to free up analysts to post ratings. Shares of Trip.com(NASDAQ:TRIP)will begin trading in Hong Kong this week following a new listing.Apple event: Apple(NASDAQ:AAPL)holds an event on April 20 called \"Spring Loaded\" to show off new products. Information out of Cupertino has been pretty tight, but the company could reveal new iPads, new iMacs, new AirPods, AirTags, a new Apple TV and possibly a new Apple Pencil.Projected dividend increases (quarterly): Expected dividend boosts for the week include Comfort Systems USA(NYSE:FIX)to $0.125 from $0.1115, HP Enterprise(NYSE:HPE)to $0.1275 from $0.12, Pool Corp(NASDAQ:POOL)to $0.61 from $0.58, Johnson & Johnson to $1.06 from $1.01, Travelers(NYSE:TRV)to $0.88 from $0.85, Southern Company(NYSE:SO)to $0.66 from $0.64, Kinder Morgan(NYSE:KMI)to $0.27 from $0.2625 and Nasdaq(NASDAQ:NDAQ)to $0.50 from $0.49.M&A tidbits: The highly-anticipated Aphria(NASDAQ:APHA)-Tilray(NASDAQ:TLRY)merger is expected to close on April 20. The tender offer on the GenMark Diagnostics(NASDAQ:GNMK)-Roche(OTCQX:RHHBY)deal expires on April 21. GW Pharmaceuticals(NASDAQ:GWPH)shareholders vote on the Jazz Pharmaceuticals(NASDAQ:JAZZ)deal on April 23.ARK Invest watch: Investors may want to keep an eye on Coinbase Global(NASDAQ:COIN)after ARK Invest came in Friday with a purchase of 19,599 shares for the ARK Fintech Innovation ETF(NYSEARCA:ARKF)and 112,539 shares for the ARK Innovation ETF(NYSEARCA:ARKK). Cathie Wood's firm also defended Silvergate(NYSE:SI)after its mid-week stumble likely in response to the Coinbase IPO. \"Investors potentially took profits to diversify their exposure to crypto in the public markets. \"In our view, the Silvergate Exchange Network, with its strong network effects, positions Silvergate as both a facilitator and a prime beneficiary of increased crypto adoption,\" ARK reasons.Corporate spotlight: Major events this week include strategic updates from Advance Auto Parts(NYSE:AAP)and Royal Gold(NYSE:GOLD)on April 20, as well as investor days for Dye & Durham(OTC:DYNDF)and SMART Global(NASDAQ:SGH). On April 21, MGM Resorts(NYSE:MGM)and Entain(OTCPK:GMVHF)along with their U.S. venture BetMGM will host a business update event for analysts and investors. The event will provide deeper insights into the rapidly growing U.S. sports betting and iGaming business of BetMGM. A new forecast on the industry's total addressable market could be a share price catalyst for DraftKings(NASDAQ:DKNG)and Penn National Gaming(NASDAQ:PENN)as well. Check outSeeking Alpha's Catalyst Watch for a detailed list of more events to watch.Conferences rundown: Notable conferences running during the week include the H.C Wainwright Spring Mining Conference, Linley Spring Processor Conference 2021, the Kempen Life Sciences Conference, the Jefferies Microbiome-based Therapeutics Summit 2021 and the Stifel GMP & Stifel First Energy Canada Cross Sector Insight Conference 2021. Check outSeeking Alpha's Catalyst Watch for a detailed list of events to watch.Barron's mentions: Disney(NYSE:DIS)makes the cover of Barron's this week as the media giant is given credit for positioning itself for post-COVID growth. Disney is said to have come out ahead after CEO Bob Chapek and team faced the severest of financial stress tests. \"When parks and theaters emptied out a year ago, costs kept rolling in, and the fastest-growing part of the business, streaming, was consuming cash—as it still is. Yet, Disney generated $3.6 billion in free cash during its fiscal year ended last September. It’s seen producing $3.3 billion this year before the numbers begin a sharp rebound,\" notes Jack Hough. While the movie business is still sputtering to restart and the TV business is seen holding steady at best, streaming results have shattered forecasts. Disney+ smashed expectations in piling up 100M in less than 18 months, compared to the 10 years it took Netflix to hit that level. Disney is targeting 300M to 350M subscribers by 2024 across all of its streaming platforms, including Hulu, ESPN+, Hotstar in India, and Star+ in Latin America (launches in June). PetIQ(NASDAQ:PETQ)and O'Reilly Automotive(NASDAQ:ORLY)also land favorable write-ups this week.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,"SPY":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2780,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341295769,"gmtCreate":1617817534951,"gmtModify":1634296336474,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","htmlText":"Ahshdhwgedg","listText":"Ahshdhwgedg","text":"Ahshdhwgedg","images":[{"img":"https://static.tigerbbs.com/2d0228cd163cf61b62f602179992593c","width":"1080","height":"2728"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/341295769","isVote":1,"tweetType":1,"viewCount":2521,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":343289914,"gmtCreate":1617718743138,"gmtModify":1634296932402,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","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":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/343289914","repostId":"1101907559","repostType":4,"repost":{"id":"1101907559","kind":"news","pubTimestamp":1617672655,"share":"https://www.laohunote.com/m/news/1101907559?lang=zh_CN&edition=full","pubTime":"2021-04-06 09:30","market":"us","language":"en","title":"Opinion: Financial crises get triggered about every 10 years — Archegos might be right on time<blockquote>观点：金融危机大约每 10 年就会引发一次——Archegos 可能是对的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1101907559","media":"marketwatch","summary":"No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.Financial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management. Its reach and operating practices were","content":"<p>  <b>No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.</b>  Financial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.</p><p><blockquote><b>目前，没有人能确定所谓家族办公室数十亿美元的投资损失不会蔓延。</b>金融危机永远不会完全相同。20 世纪 80 年代末，全国近三分之一的储蓄和贷款协会倒闭，最终纳税人获得了约 2650 亿美元的救助（按 2021 年计算）。</blockquote></p><p> In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management(LTCM). Its reach and operating practices were such that Federal Reserve Chairman Alan Greenspan said that when LTCM failed, “he had never seen anything in his lifetime that compared to the terror” he felt. LTCM was deemed “too big to fail,” and he engineered a bailout by 14 major U.S. financial institutions.</p><p><blockquote>1997-1998年，亚洲和俄罗斯的金融危机导致美国最大的对冲基金——长期资本管理公司（LTCM）几近崩溃。它的影响力和运作方式如此之大，以至于美联储主席艾伦-格林斯潘（Alan Greenspan）说，当 LTCM 失败时，“他一生中从未见过任何能与他感受到的恐怖相提并论的东西”。LTCM 被认为 “大到不能倒”，他策划了 14 家美国主要金融机构的救助计划。</blockquote></p><p> Exactly a decade later, too much leverage by some of those very institutions, and the bursting of a U.S. real estate bubble, led to the near collapse of the U.S. financial system. Once again, big banks were deemed too big to fail and taxpayers came to the rescue.</p><p><blockquote>整整十年后，其中一些机构过度使用杠杆，以及美国房地产泡沫的破裂，导致美国金融体系几近崩溃。大银行又一次被认为太大而不能倒，纳税人出手相救。</blockquote></p><p> The trend? Every 10 years or so, and they all look different.&nbsp;Are we in the early stages of a new crisis now, with the blowup at the family office Archegos Capital Management LP?</p><p><blockquote>趋势？每隔10年左右，它们看起来都不一样。随着家族办公室Archegos Capital Management LP的爆炸，我们现在是否正处于新危机的早期阶段？</blockquote></p><p> A family office, for the uninitiated, is a private wealth management vehicle for the ultra-wealthy. Here’s what I mean by ultra-wealthy: Consulting firm EY estimates there are some 10,000 family offices globally, but manage, says a separate estimate by market research firm Campden Research, nearly $6 trillion. That $6 trillion is likely far higher now given that it’s based on 2019 data.</p><p><blockquote>对于门外汉来说，家族办公室是超级富豪的私人财富管理工具。这就是我所说的超级富豪的意思： 咨询公司安永估计，全球约有 10,000 家家族理财室，但市场研究公司坎普登研究公司（Campden Research）的另一项估计显示，管理规模接近 6 万亿美元。鉴于 2019 年的数据，这 6 万亿美元现在可能要高得多。</blockquote></p><p> <b>Unregulated money managers</b></p><p><blockquote><b>不受监管的资金管理人</b></blockquote></p><p> Here’s the potential danger. Family offices generally aren’t regulated. The 1940 Investment Advisers Act says firms with 15 clients or fewer don’t have to register with the Securities and Exchange Commission. What this means is that trillions of dollars are in play and no one can really say who’s running the money, what it’s invested in, how much leverage is being used, and what kind of counterparty risk may exist. (Counterparty risk is the probability that one party involved in a financial transaction could default on a contractual obligation to someone else.)</p><p><blockquote>这就是潜在的危险。家族理财室一般不受监管。1940 年的《投资顾问法》规定，拥有 15 家或以下客户的公司无需向美国证券交易委员会注册。这意味着数万亿美元在起作用，没有人能真正说出谁在管理这笔钱，投资了什么，使用了多少杠杆，以及可能存在什么样的交易对手风险。（交易对手风险是指参与金融交易的一方可能违反对另一方的合同义务的概率。）</blockquote></p><p> This appears to be the case with Archegos. The firm bet heavily on certain Chinese stocks, including e-commerce player&nbsp;Vipshop Holdings&nbsp;Ltd.VIPS,-1.19%,U.S.-listed Chinese tutoring company&nbsp;GSX Techedu&nbsp;Inc.GSX,-10.63%and U.S. media companiesViacomCBS&nbsp;Inc.VIAC,-3.90%and&nbsp;Discovery&nbsp;Inc.DISCA,-3.86%,among others. Share prices have tumbled lately, sparking large sales — some $30 billion — by Archegos.</p><p><blockquote>Archegos似乎就是这种情况。该公司大力押注某些中国股票，包括电子商务公司唯品会控股有限公司（Vipshop Holdings Ltd.VIPS），-1.19%，美国上市中国辅导公司跟谁学公司（GSX），-10.63%，以及美国媒体公司ViacomCBS Inc.VIAC，-3.90%和Discovery Inc.DISCA，-3.86%等。股价最近暴跌，引发了 Archegos 的大规模出售——约 300 亿美元。</blockquote></p><p> The problem is that only about a third of that, or $10 billion, was its own money. We now know that Archegos worked with some of the biggest names on Wall Street, including&nbsp;Credit Suisse Group AGCS,+1.59%,UBS Group AGUBS,+1.01%,Goldman Sachs Group Inc.GS,-1.25%,&nbsp;Morgan StanleyMS,-0.28%,Deutsche Bank AGDB,+0.74%and Nomura Holdings Inc.&nbsp;NMR,+1.87%.</p><p><blockquote>问题是，其中只有大约三分之一，即100亿美元，是它自己的钱。我们现在知道 Archegos 与华尔街的一些大公司合作，包括瑞士信贷集团 AGCS（+1.59%）、瑞银集团 AGUBS（+1.01%）、高盛集团 GS（-1.25%）、摩根士丹利 MS（-0.28%）、德意志银行 AGDB，+0.74% 和野村控股公司 NMR，+1.87%。</blockquote></p><p> But since family offices are largely allowed to operate unregulated, who’s to say how much money is really involved here and what the extent of market risk is? My colleague Mark DeCambre&nbsp;reported last week that Archegos’ true exposures to bad trades could actuallybe closer to $100 billion.</p><p><blockquote>但是，由于家族理财室在很大程度上被允许不受监管地运营，谁能说出这里到底涉及多少钱，市场风险有多大？我的同事马克-德坎布雷（Mark DeCambre）上周报道称，Archegos 的真实不良交易风险实际上可能接近 1000 亿美元。</blockquote></p><p> <b>Danger of counterparty risk</b></p><p><blockquote><b>交易对手风险</b></blockquote></p><p> This is where counterparty risk comes in. As Archegos’ bets went south, the above banks — looking at losses of their own — hit the firm with margin calls. Deutsche quickly dumped about $4 billion in holdings, while Goldman and Morgan Stanley are also said to have unwound their positions, perhaps limiting their downside.</p><p><blockquote>这就是交易对手风险的来源。随着 Archegos 的赌注走向南方，上述银行--考虑到自己的损失--用保证金评级打击了该公司。德意志银行很快抛售了约 40 亿美元的持股，而据说高盛和摩根士丹利也已解除头寸，这或许限制了它们的下行空间。</blockquote></p><p> So is this a financial crisis? It doesn’t appear to be. Even so, the Securities and Exchange Commission has opened a preliminary investigation into Archegos and its founder, Bill Hwang.</p><p><blockquote>那么这是金融危机吗？似乎并非如此。即便如此，美国证券交易委员会已对 Archegos 及其创始人 Bill Hwang 展开初步调查。</blockquote></p><p> One peer, Tom Lee, the research chief of Fundstrat Global Advisors, calls Hwang one of the “top 10 of the best investment minds” he knows.</p><p><blockquote>一位同行，Fundstrat Global Advisors 的研究主管 Tom Lee，将评级-黄（John Hwang）列为他所知道的 “十大最佳投资头脑 ”之一。</blockquote></p><p> But federal regulators may have a lesser opinion. In 2012, Hwang’s former hedge fund, Tiger Asia Management, pleaded guilty and paid more than $60 million in penalties after it was accused of trading on illegal tips about Chinese banks. The SEC banned Hwang from managing money on behalf of clients — essentially booting him from the hedge fund industry. So Hwang opened Archegos, and again, family offices aren’t generally aren’t regulated.</p><p><blockquote>但联邦监管机构的意见可能较少。2012 年，黄的前对冲基金老虎亚洲管理公司（Tiger Asia Management）被指控利用有关中国银行的非法线索进行交易，认罪并支付了 6000 多万美元的罚款。美国证券交易委员会禁止黄代表客户管理资金——实质上将他逐出了对冲基金行业。于是 Hwang 开了 Archegos，再说一遍，家族办公室一般都不受监管。</blockquote></p><p> <b>Yellen on the case</b></p><p><blockquote><b>耶伦谈此案</b></blockquote></p><p> This issue is on Treasury Secretary Janet Yellen’s radar. She said last week that greater oversight of these private corners of the financial industry is needed. The Financial Stability Oversight Council (FSOC), which she oversees, has revived a task force to help agencies better “share data, identify risks and work to strengthen our financial system.”</p><p><blockquote>这个问题引起了财政部长珍妮特-耶伦（Janet Yellen）的关注。她上周表示，需要对金融业的这些私人角落进行更严格的监管。她监管的金融稳定监督委员会（FSOC）重新启动了一个特别工作组，以帮助各机构更好地 “共享数据、识别风险并努力加强我们的金融体系”。</blockquote></p><p></p><p> Most financial crises end up with American taxpayers getting stuck with the tab. Gains belong to the risk-takers. But losses — they belong to us. To paraphrase Abe Lincoln, family offices — a multi-trillion dollar industry largely allowed to operate in the shadows in a global financial system that is more intertwined than ever — are of the super-wealthy, by the super-wealthy and for the super-wealthy. And no one else.</p><p><blockquote>大多数金融危机最终都是美国纳税人陷入困境。收益属于冒险者。但是损失——它们属于我们。套用亚伯·林肯的话来说，家族理财室——一个价值数万亿美元的行业，在很大程度上被允许在比以往任何时候都更加错综复杂的全球金融体系的阴影中运作——属于超级富豪，由超级富豪拥有，为超级富豪服务。没有其他人。</blockquote></p><p> The Archegos collapse may or may not be the beginning of yet another financial crisis. But who’s to say what thousands of other family offices are doing with their trillions, and whether similar problems could blow up?</p><p><blockquote>Archegos的崩溃可能是也可能不是另一场金融危机的开始。但是，谁能说成千上万的其他家族理财室如何处理他们的数万亿美元，以及类似的问题是否会爆发？</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>Opinion: Financial crises get triggered about every 10 years — Archegos might be right on time<blockquote>观点：金融危机大约每 10 年就会引发一次——Archegos 可能是对的</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\">\nOpinion: Financial crises get triggered about every 10 years — Archegos might be right on time<blockquote>观点：金融危机大约每 10 年就会引发一次——Archegos 可能是对的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">marketwatch</strong><span class=\"h-time small\">2021-04-06 09:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.</b>  Financial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.</p><p><blockquote><b>目前，没有人能确定所谓家族办公室数十亿美元的投资损失不会蔓延。</b>金融危机永远不会完全相同。20 世纪 80 年代末，全国近三分之一的储蓄和贷款协会倒闭，最终纳税人获得了约 2650 亿美元的救助（按 2021 年计算）。</blockquote></p><p> In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management(LTCM). Its reach and operating practices were such that Federal Reserve Chairman Alan Greenspan said that when LTCM failed, “he had never seen anything in his lifetime that compared to the terror” he felt. LTCM was deemed “too big to fail,” and he engineered a bailout by 14 major U.S. financial institutions.</p><p><blockquote>1997-1998年，亚洲和俄罗斯的金融危机导致美国最大的对冲基金——长期资本管理公司（LTCM）几近崩溃。它的影响力和运作方式如此之大，以至于美联储主席艾伦-格林斯潘（Alan Greenspan）说，当 LTCM 失败时，“他一生中从未见过任何能与他感受到的恐怖相提并论的东西”。LTCM 被认为 “大到不能倒”，他策划了 14 家美国主要金融机构的救助计划。</blockquote></p><p> Exactly a decade later, too much leverage by some of those very institutions, and the bursting of a U.S. real estate bubble, led to the near collapse of the U.S. financial system. Once again, big banks were deemed too big to fail and taxpayers came to the rescue.</p><p><blockquote>整整十年后，其中一些机构过度使用杠杆，以及美国房地产泡沫的破裂，导致美国金融体系几近崩溃。大银行又一次被认为太大而不能倒，纳税人出手相救。</blockquote></p><p> The trend? Every 10 years or so, and they all look different.&nbsp;Are we in the early stages of a new crisis now, with the blowup at the family office Archegos Capital Management LP?</p><p><blockquote>趋势？每隔10年左右，它们看起来都不一样。随着家族办公室Archegos Capital Management LP的爆炸，我们现在是否正处于新危机的早期阶段？</blockquote></p><p> A family office, for the uninitiated, is a private wealth management vehicle for the ultra-wealthy. Here’s what I mean by ultra-wealthy: Consulting firm EY estimates there are some 10,000 family offices globally, but manage, says a separate estimate by market research firm Campden Research, nearly $6 trillion. That $6 trillion is likely far higher now given that it’s based on 2019 data.</p><p><blockquote>对于门外汉来说，家族办公室是超级富豪的私人财富管理工具。这就是我所说的超级富豪的意思： 咨询公司安永估计，全球约有 10,000 家家族理财室，但市场研究公司坎普登研究公司（Campden Research）的另一项估计显示，管理规模接近 6 万亿美元。鉴于 2019 年的数据，这 6 万亿美元现在可能要高得多。</blockquote></p><p> <b>Unregulated money managers</b></p><p><blockquote><b>不受监管的资金管理人</b></blockquote></p><p> Here’s the potential danger. Family offices generally aren’t regulated. The 1940 Investment Advisers Act says firms with 15 clients or fewer don’t have to register with the Securities and Exchange Commission. What this means is that trillions of dollars are in play and no one can really say who’s running the money, what it’s invested in, how much leverage is being used, and what kind of counterparty risk may exist. (Counterparty risk is the probability that one party involved in a financial transaction could default on a contractual obligation to someone else.)</p><p><blockquote>这就是潜在的危险。家族理财室一般不受监管。1940 年的《投资顾问法》规定，拥有 15 家或以下客户的公司无需向美国证券交易委员会注册。这意味着数万亿美元在起作用，没有人能真正说出谁在管理这笔钱，投资了什么，使用了多少杠杆，以及可能存在什么样的交易对手风险。（交易对手风险是指参与金融交易的一方可能违反对另一方的合同义务的概率。）</blockquote></p><p> This appears to be the case with Archegos. The firm bet heavily on certain Chinese stocks, including e-commerce player&nbsp;Vipshop Holdings&nbsp;Ltd.VIPS,-1.19%,U.S.-listed Chinese tutoring company&nbsp;GSX Techedu&nbsp;Inc.GSX,-10.63%and U.S. media companiesViacomCBS&nbsp;Inc.VIAC,-3.90%and&nbsp;Discovery&nbsp;Inc.DISCA,-3.86%,among others. Share prices have tumbled lately, sparking large sales — some $30 billion — by Archegos.</p><p><blockquote>Archegos似乎就是这种情况。该公司大力押注某些中国股票，包括电子商务公司唯品会控股有限公司（Vipshop Holdings Ltd.VIPS），-1.19%，美国上市中国辅导公司跟谁学公司（GSX），-10.63%，以及美国媒体公司ViacomCBS Inc.VIAC，-3.90%和Discovery Inc.DISCA，-3.86%等。股价最近暴跌，引发了 Archegos 的大规模出售——约 300 亿美元。</blockquote></p><p> The problem is that only about a third of that, or $10 billion, was its own money. We now know that Archegos worked with some of the biggest names on Wall Street, including&nbsp;Credit Suisse Group AGCS,+1.59%,UBS Group AGUBS,+1.01%,Goldman Sachs Group Inc.GS,-1.25%,&nbsp;Morgan StanleyMS,-0.28%,Deutsche Bank AGDB,+0.74%and Nomura Holdings Inc.&nbsp;NMR,+1.87%.</p><p><blockquote>问题是，其中只有大约三分之一，即100亿美元，是它自己的钱。我们现在知道 Archegos 与华尔街的一些大公司合作，包括瑞士信贷集团 AGCS（+1.59%）、瑞银集团 AGUBS（+1.01%）、高盛集团 GS（-1.25%）、摩根士丹利 MS（-0.28%）、德意志银行 AGDB，+0.74% 和野村控股公司 NMR，+1.87%。</blockquote></p><p> But since family offices are largely allowed to operate unregulated, who’s to say how much money is really involved here and what the extent of market risk is? My colleague Mark DeCambre&nbsp;reported last week that Archegos’ true exposures to bad trades could actuallybe closer to $100 billion.</p><p><blockquote>但是，由于家族理财室在很大程度上被允许不受监管地运营，谁能说出这里到底涉及多少钱，市场风险有多大？我的同事马克-德坎布雷（Mark DeCambre）上周报道称，Archegos 的真实不良交易风险实际上可能接近 1000 亿美元。</blockquote></p><p> <b>Danger of counterparty risk</b></p><p><blockquote><b>交易对手风险</b></blockquote></p><p> This is where counterparty risk comes in. As Archegos’ bets went south, the above banks — looking at losses of their own — hit the firm with margin calls. Deutsche quickly dumped about $4 billion in holdings, while Goldman and Morgan Stanley are also said to have unwound their positions, perhaps limiting their downside.</p><p><blockquote>这就是交易对手风险的来源。随着 Archegos 的赌注走向南方，上述银行--考虑到自己的损失--用保证金评级打击了该公司。德意志银行很快抛售了约 40 亿美元的持股，而据说高盛和摩根士丹利也已解除头寸，这或许限制了它们的下行空间。</blockquote></p><p> So is this a financial crisis? It doesn’t appear to be. Even so, the Securities and Exchange Commission has opened a preliminary investigation into Archegos and its founder, Bill Hwang.</p><p><blockquote>那么这是金融危机吗？似乎并非如此。即便如此，美国证券交易委员会已对 Archegos 及其创始人 Bill Hwang 展开初步调查。</blockquote></p><p> One peer, Tom Lee, the research chief of Fundstrat Global Advisors, calls Hwang one of the “top 10 of the best investment minds” he knows.</p><p><blockquote>一位同行，Fundstrat Global Advisors 的研究主管 Tom Lee，将评级-黄（John Hwang）列为他所知道的 “十大最佳投资头脑 ”之一。</blockquote></p><p> But federal regulators may have a lesser opinion. In 2012, Hwang’s former hedge fund, Tiger Asia Management, pleaded guilty and paid more than $60 million in penalties after it was accused of trading on illegal tips about Chinese banks. The SEC banned Hwang from managing money on behalf of clients — essentially booting him from the hedge fund industry. So Hwang opened Archegos, and again, family offices aren’t generally aren’t regulated.</p><p><blockquote>但联邦监管机构的意见可能较少。2012 年，黄的前对冲基金老虎亚洲管理公司（Tiger Asia Management）被指控利用有关中国银行的非法线索进行交易，认罪并支付了 6000 多万美元的罚款。美国证券交易委员会禁止黄代表客户管理资金——实质上将他逐出了对冲基金行业。于是 Hwang 开了 Archegos，再说一遍，家族办公室一般都不受监管。</blockquote></p><p> <b>Yellen on the case</b></p><p><blockquote><b>耶伦谈此案</b></blockquote></p><p> This issue is on Treasury Secretary Janet Yellen’s radar. She said last week that greater oversight of these private corners of the financial industry is needed. The Financial Stability Oversight Council (FSOC), which she oversees, has revived a task force to help agencies better “share data, identify risks and work to strengthen our financial system.”</p><p><blockquote>这个问题引起了财政部长珍妮特-耶伦（Janet Yellen）的关注。她上周表示，需要对金融业的这些私人角落进行更严格的监管。她监管的金融稳定监督委员会（FSOC）重新启动了一个特别工作组，以帮助各机构更好地 “共享数据、识别风险并努力加强我们的金融体系”。</blockquote></p><p></p><p> Most financial crises end up with American taxpayers getting stuck with the tab. Gains belong to the risk-takers. But losses — they belong to us. To paraphrase Abe Lincoln, family offices — a multi-trillion dollar industry largely allowed to operate in the shadows in a global financial system that is more intertwined than ever — are of the super-wealthy, by the super-wealthy and for the super-wealthy. And no one else.</p><p><blockquote>大多数金融危机最终都是美国纳税人陷入困境。收益属于冒险者。但是损失——它们属于我们。套用亚伯·林肯的话来说，家族理财室——一个价值数万亿美元的行业，在很大程度上被允许在比以往任何时候都更加错综复杂的全球金融体系的阴影中运作——属于超级富豪，由超级富豪拥有，为超级富豪服务。没有其他人。</blockquote></p><p> The Archegos collapse may or may not be the beginning of yet another financial crisis. But who’s to say what thousands of other family offices are doing with their trillions, and whether similar problems could blow up?</p><p><blockquote>Archegos的崩溃可能是也可能不是另一场金融危机的开始。但是，谁能说成千上万的其他家族理财室如何处理他们的数万亿美元，以及类似的问题是否会爆发？</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/financial-crises-happen-about-every-10-years-which-makes-the-archegos-meltdown-unnerving-11617634942?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":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF"},"source_url":"https://www.marketwatch.com/story/financial-crises-happen-about-every-10-years-which-makes-the-archegos-meltdown-unnerving-11617634942?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101907559","content_text":"No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.\n\nFinancial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.\nIn 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management(LTCM). Its reach and operating practices were such that Federal Reserve Chairman Alan Greenspan said that when LTCM failed, “he had never seen anything in his lifetime that compared to the terror” he felt. LTCM was deemed “too big to fail,” and he engineered a bailout by 14 major U.S. financial institutions.\nExactly a decade later, too much leverage by some of those very institutions, and the bursting of a U.S. real estate bubble, led to the near collapse of the U.S. financial system. Once again, big banks were deemed too big to fail and taxpayers came to the rescue.\nThe trend? Every 10 years or so, and they all look different. Are we in the early stages of a new crisis now, with the blowup at the family office Archegos Capital Management LP?\nA family office, for the uninitiated, is a private wealth management vehicle for the ultra-wealthy. Here’s what I mean by ultra-wealthy: Consulting firm EY estimates there are some 10,000 family offices globally, but manage, says a separate estimate by market research firm Campden Research, nearly $6 trillion. That $6 trillion is likely far higher now given that it’s based on 2019 data.\nUnregulated money managers\nHere’s the potential danger. Family offices generally aren’t regulated. The 1940 Investment Advisers Act says firms with 15 clients or fewer don’t have to register with the Securities and Exchange Commission. What this means is that trillions of dollars are in play and no one can really say who’s running the money, what it’s invested in, how much leverage is being used, and what kind of counterparty risk may exist. (Counterparty risk is the probability that one party involved in a financial transaction could default on a contractual obligation to someone else.)\nThis appears to be the case with Archegos. The firm bet heavily on certain Chinese stocks, including e-commerce player Vipshop Holdings Ltd.VIPS,-1.19%,U.S.-listed Chinese tutoring company GSX Techedu Inc.GSX,-10.63%and U.S. media companiesViacomCBS Inc.VIAC,-3.90%and Discovery Inc.DISCA,-3.86%,among others. Share prices have tumbled lately, sparking large sales — some $30 billion — by Archegos.\nThe problem is that only about a third of that, or $10 billion, was its own money. We now know that Archegos worked with some of the biggest names on Wall Street, including Credit Suisse Group AGCS,+1.59%,UBS Group AGUBS,+1.01%,Goldman Sachs Group Inc.GS,-1.25%, Morgan StanleyMS,-0.28%,Deutsche Bank AGDB,+0.74%and Nomura Holdings Inc. NMR,+1.87%.\nBut since family offices are largely allowed to operate unregulated, who’s to say how much money is really involved here and what the extent of market risk is? My colleague Mark DeCambre reported last week that Archegos’ true exposures to bad trades could actuallybe closer to $100 billion.\nDanger of counterparty risk\nThis is where counterparty risk comes in. As Archegos’ bets went south, the above banks — looking at losses of their own — hit the firm with margin calls. Deutsche quickly dumped about $4 billion in holdings, while Goldman and Morgan Stanley are also said to have unwound their positions, perhaps limiting their downside.\nSo is this a financial crisis? It doesn’t appear to be. Even so, the Securities and Exchange Commission has opened a preliminary investigation into Archegos and its founder, Bill Hwang.\nOne peer, Tom Lee, the research chief of Fundstrat Global Advisors, calls Hwang one of the “top 10 of the best investment minds” he knows.\nBut federal regulators may have a lesser opinion. In 2012, Hwang’s former hedge fund, Tiger Asia Management, pleaded guilty and paid more than $60 million in penalties after it was accused of trading on illegal tips about Chinese banks. The SEC banned Hwang from managing money on behalf of clients — essentially booting him from the hedge fund industry. So Hwang opened Archegos, and again, family offices aren’t generally aren’t regulated.\nYellen on the case\nThis issue is on Treasury Secretary Janet Yellen’s radar. She said last week that greater oversight of these private corners of the financial industry is needed. The Financial Stability Oversight Council (FSOC), which she oversees, has revived a task force to help agencies better “share data, identify risks and work to strengthen our financial system.”\nMost financial crises end up with American taxpayers getting stuck with the tab. Gains belong to the risk-takers. But losses — they belong to us. To paraphrase Abe Lincoln, family offices — a multi-trillion dollar industry largely allowed to operate in the shadows in a global financial system that is more intertwined than ever — are of the super-wealthy, by the super-wealthy and for the super-wealthy. And no one else.\nThe Archegos collapse may or may not be the beginning of yet another financial crisis. But who’s to say what thousands of other family offices are doing with their trillions, and whether similar problems could blow up?","news_type":1,"symbols_score_info":{".DJI":0.9,"SPY":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1259,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354750150,"gmtCreate":1617202509070,"gmtModify":1634522070871,"author":{"id":"3571021579663328","authorId":"3571021579663328","name":"Jojojojo","avatar":"https://static.tigerbbs.com/4438881bf4afbeff6a19700fe39e96b2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571021579663328","authorIdStr":"3571021579663328"},"themes":[],"title":"","htmlText":"Up, then sell this cyclic stock","listText":"Up, then sell this cyclic stock","text":"Up, then sell this cyclic stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/354750150","repostId":"1166954253","repostType":2,"isVote":1,"tweetType":1,"viewCount":917,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}