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Paulie13

Paulie13

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2021-09-07

Aaa

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2021-09-05

Buy

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2021-08-31

Moveeee

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2021-08-30

Aaa

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2021-08-27

Aaa

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2021-08-25

Aaa

Toplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote>

2021-08-19

Go

How to Hedge Your Stock Portfolio Before Interest Rates Start Rising<blockquote>如何在利率开始上升之前对冲您的股票投资组合</blockquote>

2021-08-18

Aaa

Nvidia Reports Earnings Wednesday. Here’s Why Cryptocurrencies Matter.<blockquote>英伟达周三公布财报。这就是加密货币很重要的原因。</blockquote>

2021-08-14

Aaa

Tesla seeks to reduce board members’ terms, make other changes in October shareholder meeting<blockquote>特斯拉寻求缩短董事会成员任期，并在十月股东大会上做出其他改变</blockquote>

2021-08-13

Aaaa

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2021-08-09

aaa

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2021-08-07

Aaa

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2021-08-06

Aaa

M&A investors flee deal stocks like AMD in perilous omen for merger arbitrageurs<blockquote>并购投资者逃离AMD等交易股票，这对并购套利者来说是一个危险的预兆</blockquote>

2021-08-05

Aaa

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2021-08-04

Aaa

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2021-08-02

Aaa

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2021-08-01

Abcd

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2021-07-31

Nonono

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2021-07-30

Boom

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2021-07-29

AAA

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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":1629893760,"share":"https://www.laohu8.com/m/news/1179982896?lang=zh_CN&edition=full","pubTime":"2021-08-25 20:16","market":"us","language":"en","title":"Toplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1179982896","media":"Tiger Newspress","summary":"U.S. stock index futures were steady on Wednesday after another record close for the S&P 500 and the","content":"<p>U.S. stock index futures were steady on Wednesday after another record close for the S&amp;P 500 and the Nasdaq, while investors watched progress in the government's multi-trillion-dollar investment plans.</p><p><blockquote>美国股指期货周三持稳，此前标普500和纳斯达克收盘再创历史新高，投资者关注政府数万亿美元投资计划的进展。</blockquote></p><p> At 7:55 a.m. ET, Dow e-minis were down 3 points, or 0.07%, S&amp;P 500 e-minis were down 12 points, or 0.03%, and Nasdaq 100 e-minis were down 14.50 points, or 0.09%.</p><p><blockquote>截至美国东部时间上午7:55，道指e-mini下跌3点，跌幅0.07%，标普500 e-mini下跌12点，跌幅0.03%，纳斯达克100 e-mini下跌14.50点，跌幅0.09%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9af471a9313fe339e69031eb18ce40e2\" tg-width=\"1080\" tg-height=\"380\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Major Wall Street lenders were mixed, while industrials including Caterpillar Inc&nbsp;and 3M Co&nbsp;inched up about 0.3% after the Democratic-controlled U.S. House of Representatives approved a $3.5 trillion budget framework and agreed to vote by Sept. 27 on a $1 trillion Senate-passed infrastructure bill.</p><p><blockquote>在民主党控制的美国众议院批准了3.5万亿美元的预算框架并同意在9月27日之前就参议院1万亿美元的预算框架进行投票后，华尔街主要银行涨跌互现，而卡特彼勒公司和3M公司等工业股小幅上涨约0.3%-通过了基础设施法案。</blockquote></p><p> Shares of several retail trading darlings, including Express, AMC Entertainment&nbsp;and Koss Corp, rose between 1.4% and 8.4%, a day after dealing over $1 billion in losses to short sellers in late heavy volume trading on no apparent news.</p><p><blockquote>包括Express、AMC院线和Koss Corp在内的几家零售交易宠儿的股价上涨了1.4%至8.4%，一天前，在没有明显消息的情况下，在尾盘放量交易中，卖空者损失了超过10亿美元。</blockquote></p><p> Focus is now on the Federal Reserve's annual economic symposium at Jackson Hole on Friday for views on when the central bank will start tapering its massive asset purchases program.</p><p><blockquote>现在的焦点是美联储周五在杰克逊霍尔举行的年度经济研讨会，就美联储何时开始缩减大规模资产购买计划发表意见。</blockquote></p><p> <b>Stocks making the biggest moves premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> TSMC(TSM)&nbsp;–&nbsp;Shares of Taiwan Semiconductor Manufacturing Co. rose 2.7%&nbsp;in premarket trading after local media reported that the world's largest contract chipmaker will raise product prices due to a global supply shortage, dealers said.</p><p><blockquote>台积电(TSM)——经销商表示，当地媒体报道称，由于全球供应短缺，全球最大的代工芯片制造商将提高产品价格，台积电公司股价在盘前交易中上涨2.7%。</blockquote></p><p> Dick’s Sporting Goods(DKS) – The sporting goods retailer’s shares jumped 11.4% in the premarket, as its quarterly earnings beat estimates. The company also announced a $5.50 per share special dividend and a 21% increase in its quarterly dividend. Dick’s earned an adjusted $5.08 per share for its latest quarter, beating the consensus estimate of $2.80.</p><p><blockquote>迪克体育用品(DKS)——这家体育用品零售商的股价在盘前上涨11.4%，其季度收益超出预期。该公司还宣布派发每股5.50美元的特别股息，并将季度股息增加21%。Dick's最近一个季度调整后每股收益为5.08美元，超出市场普遍预期的2.80美元。</blockquote></p><p> Johnson &amp; Johnson(JNJ) – Johnson &amp; Johnson said study data supports the benefits of a booster shot for recipients of its Covid-19 vaccine. The dose sharply increased levels of antibodies in two early-stage trials.</p><p><blockquote>强生公司（JNJ）——强生公司表示，研究数据支持加强注射对其新冠肺炎疫苗接种者的好处。在两项早期试验中，该剂量急剧增加了抗体水平。</blockquote></p><p> Express(EXPR) – Shares of the apparel retailer rallied 5.2% in the premarket after the company reported an unexpected profit for its latest quarter. Express earned 2 cents per share, compared with forecasts of a 30 cents per share loss, and revenue also came in above analyst forecasts.</p><p><blockquote>Express(EXPR)——这家服装零售商公布最新季度意外盈利后，其股价在盘前上涨5.2%。Express每股盈利2美分，而预期每股亏损30美分，收入也高于分析师预期。</blockquote></p><p> Shoe Carnival(SCVL) – The shoe retailer reported a quarterly profit of $1.54 per share, more than double the 75 cent consensus estimate, with revenue also exceeding Wall Street forecasts and comparable sales rising 11.4%. Shoe Carnival gained 2.2% in the premarket.</p><p><blockquote>Shoe Carnival(SCVL)——这家鞋类零售商公布季度利润为每股1.54美元，是市场普遍预期75美分的两倍多，收入也超过了华尔街的预测，可比销售额增长了11.4%。Shoe Carnival盘前上涨2.2%。</blockquote></p><p> Cassava Biosciences(SAVA) – The biotechnology company said claims posted online late yesterday challenging its scientific integrity are false and misleading. The issue revolved around study data for an Alzheimer’s disease treatment. Cassava released a statement refuting each of 15 claims that the company calls “fiction.” Cassava tumbled 22.6% in the premarket.</p><p><blockquote>木薯生物科学公司（SAVA）——这家生物技术公司表示，昨天晚些时候在网上发布的挑战其科学诚信的说法是虚假和误导的。这个问题围绕着阿尔茨海默病治疗的研究数据。Cassava发布了一份声明，驳斥了该公司评级“虚构”的15项指控。木薯盘前下跌22.6%。</blockquote></p><p> Urban Outfitters(URBN) – Urban Outfitters earned $1.28 per share for its latest quarter, beating the 77 cents consensus estimate. The apparel retailer’s revenue was also above forecasts. Urban Outfitters benefited from a sizeable increase in digital sales compared with pre-pandemic levels. However, the company also mentioned that it is dealing with supply chain issues, and its shares lost 5.2% in premarket trading.</p><p><blockquote>Urban Outfitters(URBN)——Urban Outfitters最近一个季度的每股收益为1.28美元，超过了77美分的普遍预期。该服装零售商的收入也高于预期。与大流行前的水平相比，Urban Outfitters受益于数字销售额的大幅增长。不过，该公司也提到正在处理供应链问题，其股价在盘前交易中下跌5.2%。</blockquote></p><p> Nordstrom(JWN) – Nordstrom tumbled 11.5% in premarket trading after its quarterly report showed revenue for its latest quarter was still below pre-pandemic levels. The department store operator did beat the 27 cents estimate for its latest quarter with earnings of 49 cents per share, and revenue above forecasts. Nordstrom raised its full-year outlook as well.</p><p><blockquote>Nordstrom(JWN)——Nordstrom的季度报告显示其最新季度的收入仍低于大流行前的水平，该公司在盘前交易中下跌11.5%。这家百货商店运营商最近一个季度的每股收益为49美分，收入也高于预期，超出了27美分的预期。诺德斯特龙也上调了全年预期。</blockquote></p><p> Toll Brothers(TOL) – Toll Brothers reported quarterly earnings of $1.87 per share, 32 cents above the consensus estimate, with the luxury home builder’s revenue essentially in line with Wall Street forecasts. Low overall inventories in the housing market and low mortgage rates helped boost the company’s results. Toll Brothers gained 1.9% in premarket action.</p><p><blockquote>Toll Brothers(TOL)——Toll Brothers公布季度收益为每股1.87美元，比市场普遍预期高出32美分，这家豪华住宅建筑商的收入基本符合华尔街的预测。房地产市场整体库存较低和抵押贷款利率较低有助于提振公司业绩。Toll Brothers在盘前上涨1.9%。</blockquote></p><p> Intuit(INTU) – Intuit beat estimates by 38 cents with adjusted quarterly earnings of $1.97, while the financial software company’s revenue topped estimates. The maker of TurboTax also issued an upbeat outlook, raised its dividend and boosted its stock buyback program. The stock added 2.4% in the premarket.</p><p><blockquote>Intuit(INTU)-Intuit调整后季度收益为1.97美元，超出预期38美分，而这家金融软件公司的收入超出预期。TurboTax制造商还发布了乐观的前景，提高了股息并加强了股票回购计划。该股盘前上涨2.4%。</blockquote></p><p> Meme Stocks – So-called “meme” stocks remain on watch after late Tuesday rallies.AMC Entertainment,Koss,Robinhood and&nbsp;ContextLogic all surged despite a lack of news on any of those companies. Koss rose 1.7% in the premarket, AMC jumped 2.6%,GameStop&nbsp;fell&nbsp;1.6%&nbsp;and Robinhood fell 0.1%.</p><p><blockquote>Meme股票——所谓的“Meme”股票在周二晚间上涨后仍受到关注。AMC Entertainment、Koss、Robinhood和ContextLogic均大幅上涨，尽管缺乏有关这些公司的消息。Koss盘前上涨1.7%，AMC上涨2.6%，游戏驿站下跌1.6%，Robinhood下跌0.1%。</blockquote></p><p></p><p> Campbell Soup(CPB) – Campbell Soup was downgraded to “neutral” from “overweight” at Piper Sandler, which cited increasing commodity costs among other factors. Campbell shares slid 1.4% in premarket trading.</p><p><blockquote>金宝汤(CPB)——Piper Sandler将金宝汤的评级从“跑赢大盘”下调至“中性”，理由是大宗商品成本上涨等因素。金宝汤股价在盘前交易中下跌1.4%。</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>Toplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</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; 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}\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\">\nToplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-08-25 20:16</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stock index futures were steady on Wednesday after another record close for the S&amp;P 500 and the Nasdaq, while investors watched progress in the government's multi-trillion-dollar investment plans.</p><p><blockquote>美国股指期货周三持稳，此前标普500和纳斯达克收盘再创历史新高，投资者关注政府数万亿美元投资计划的进展。</blockquote></p><p> At 7:55 a.m. ET, Dow e-minis were down 3 points, or 0.07%, S&amp;P 500 e-minis were down 12 points, or 0.03%, and Nasdaq 100 e-minis were down 14.50 points, or 0.09%.</p><p><blockquote>截至美国东部时间上午7:55，道指e-mini下跌3点，跌幅0.07%，标普500 e-mini下跌12点，跌幅0.03%，纳斯达克100 e-mini下跌14.50点，跌幅0.09%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9af471a9313fe339e69031eb18ce40e2\" tg-width=\"1080\" tg-height=\"380\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Major Wall Street lenders were mixed, while industrials including Caterpillar Inc&nbsp;and 3M Co&nbsp;inched up about 0.3% after the Democratic-controlled U.S. House of Representatives approved a $3.5 trillion budget framework and agreed to vote by Sept. 27 on a $1 trillion Senate-passed infrastructure bill.</p><p><blockquote>在民主党控制的美国众议院批准了3.5万亿美元的预算框架并同意在9月27日之前就参议院1万亿美元的预算框架进行投票后，华尔街主要银行涨跌互现，而卡特彼勒公司和3M公司等工业股小幅上涨约0.3%-通过了基础设施法案。</blockquote></p><p> Shares of several retail trading darlings, including Express, AMC Entertainment&nbsp;and Koss Corp, rose between 1.4% and 8.4%, a day after dealing over $1 billion in losses to short sellers in late heavy volume trading on no apparent news.</p><p><blockquote>包括Express、AMC院线和Koss Corp在内的几家零售交易宠儿的股价上涨了1.4%至8.4%，一天前，在没有明显消息的情况下，在尾盘放量交易中，卖空者损失了超过10亿美元。</blockquote></p><p> Focus is now on the Federal Reserve's annual economic symposium at Jackson Hole on Friday for views on when the central bank will start tapering its massive asset purchases program.</p><p><blockquote>现在的焦点是美联储周五在杰克逊霍尔举行的年度经济研讨会，就美联储何时开始缩减大规模资产购买计划发表意见。</blockquote></p><p> <b>Stocks making the biggest moves premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> TSMC(TSM)&nbsp;–&nbsp;Shares of Taiwan Semiconductor Manufacturing Co. rose 2.7%&nbsp;in premarket trading after local media reported that the world's largest contract chipmaker will raise product prices due to a global supply shortage, dealers said.</p><p><blockquote>台积电(TSM)——经销商表示，当地媒体报道称，由于全球供应短缺，全球最大的代工芯片制造商将提高产品价格，台积电公司股价在盘前交易中上涨2.7%。</blockquote></p><p> Dick’s Sporting Goods(DKS) – The sporting goods retailer’s shares jumped 11.4% in the premarket, as its quarterly earnings beat estimates. The company also announced a $5.50 per share special dividend and a 21% increase in its quarterly dividend. Dick’s earned an adjusted $5.08 per share for its latest quarter, beating the consensus estimate of $2.80.</p><p><blockquote>迪克体育用品(DKS)——这家体育用品零售商的股价在盘前上涨11.4%，其季度收益超出预期。该公司还宣布派发每股5.50美元的特别股息，并将季度股息增加21%。Dick's最近一个季度调整后每股收益为5.08美元，超出市场普遍预期的2.80美元。</blockquote></p><p> Johnson &amp; Johnson(JNJ) – Johnson &amp; Johnson said study data supports the benefits of a booster shot for recipients of its Covid-19 vaccine. The dose sharply increased levels of antibodies in two early-stage trials.</p><p><blockquote>强生公司（JNJ）——强生公司表示，研究数据支持加强注射对其新冠肺炎疫苗接种者的好处。在两项早期试验中，该剂量急剧增加了抗体水平。</blockquote></p><p> Express(EXPR) – Shares of the apparel retailer rallied 5.2% in the premarket after the company reported an unexpected profit for its latest quarter. Express earned 2 cents per share, compared with forecasts of a 30 cents per share loss, and revenue also came in above analyst forecasts.</p><p><blockquote>Express(EXPR)——这家服装零售商公布最新季度意外盈利后，其股价在盘前上涨5.2%。Express每股盈利2美分，而预期每股亏损30美分，收入也高于分析师预期。</blockquote></p><p> Shoe Carnival(SCVL) – The shoe retailer reported a quarterly profit of $1.54 per share, more than double the 75 cent consensus estimate, with revenue also exceeding Wall Street forecasts and comparable sales rising 11.4%. Shoe Carnival gained 2.2% in the premarket.</p><p><blockquote>Shoe Carnival(SCVL)——这家鞋类零售商公布季度利润为每股1.54美元，是市场普遍预期75美分的两倍多，收入也超过了华尔街的预测，可比销售额增长了11.4%。Shoe Carnival盘前上涨2.2%。</blockquote></p><p> Cassava Biosciences(SAVA) – The biotechnology company said claims posted online late yesterday challenging its scientific integrity are false and misleading. The issue revolved around study data for an Alzheimer’s disease treatment. Cassava released a statement refuting each of 15 claims that the company calls “fiction.” Cassava tumbled 22.6% in the premarket.</p><p><blockquote>木薯生物科学公司（SAVA）——这家生物技术公司表示，昨天晚些时候在网上发布的挑战其科学诚信的说法是虚假和误导的。这个问题围绕着阿尔茨海默病治疗的研究数据。Cassava发布了一份声明，驳斥了该公司评级“虚构”的15项指控。木薯盘前下跌22.6%。</blockquote></p><p> Urban Outfitters(URBN) – Urban Outfitters earned $1.28 per share for its latest quarter, beating the 77 cents consensus estimate. The apparel retailer’s revenue was also above forecasts. Urban Outfitters benefited from a sizeable increase in digital sales compared with pre-pandemic levels. However, the company also mentioned that it is dealing with supply chain issues, and its shares lost 5.2% in premarket trading.</p><p><blockquote>Urban Outfitters(URBN)——Urban Outfitters最近一个季度的每股收益为1.28美元，超过了77美分的普遍预期。该服装零售商的收入也高于预期。与大流行前的水平相比，Urban Outfitters受益于数字销售额的大幅增长。不过，该公司也提到正在处理供应链问题，其股价在盘前交易中下跌5.2%。</blockquote></p><p> Nordstrom(JWN) – Nordstrom tumbled 11.5% in premarket trading after its quarterly report showed revenue for its latest quarter was still below pre-pandemic levels. The department store operator did beat the 27 cents estimate for its latest quarter with earnings of 49 cents per share, and revenue above forecasts. Nordstrom raised its full-year outlook as well.</p><p><blockquote>Nordstrom(JWN)——Nordstrom的季度报告显示其最新季度的收入仍低于大流行前的水平，该公司在盘前交易中下跌11.5%。这家百货商店运营商最近一个季度的每股收益为49美分，收入也高于预期，超出了27美分的预期。诺德斯特龙也上调了全年预期。</blockquote></p><p> Toll Brothers(TOL) – Toll Brothers reported quarterly earnings of $1.87 per share, 32 cents above the consensus estimate, with the luxury home builder’s revenue essentially in line with Wall Street forecasts. Low overall inventories in the housing market and low mortgage rates helped boost the company’s results. Toll Brothers gained 1.9% in premarket action.</p><p><blockquote>Toll Brothers(TOL)——Toll Brothers公布季度收益为每股1.87美元，比市场普遍预期高出32美分，这家豪华住宅建筑商的收入基本符合华尔街的预测。房地产市场整体库存较低和抵押贷款利率较低有助于提振公司业绩。Toll Brothers在盘前上涨1.9%。</blockquote></p><p> Intuit(INTU) – Intuit beat estimates by 38 cents with adjusted quarterly earnings of $1.97, while the financial software company’s revenue topped estimates. The maker of TurboTax also issued an upbeat outlook, raised its dividend and boosted its stock buyback program. The stock added 2.4% in the premarket.</p><p><blockquote>Intuit(INTU)-Intuit调整后季度收益为1.97美元，超出预期38美分，而这家金融软件公司的收入超出预期。TurboTax制造商还发布了乐观的前景，提高了股息并加强了股票回购计划。该股盘前上涨2.4%。</blockquote></p><p> Meme Stocks – So-called “meme” stocks remain on watch after late Tuesday rallies.AMC Entertainment,Koss,Robinhood and&nbsp;ContextLogic all surged despite a lack of news on any of those companies. Koss rose 1.7% in the premarket, AMC jumped 2.6%,GameStop&nbsp;fell&nbsp;1.6%&nbsp;and Robinhood fell 0.1%.</p><p><blockquote>Meme股票——所谓的“Meme”股票在周二晚间上涨后仍受到关注。AMC Entertainment、Koss、Robinhood和ContextLogic均大幅上涨，尽管缺乏有关这些公司的消息。Koss盘前上涨1.7%，AMC上涨2.6%，游戏驿站下跌1.6%，Robinhood下跌0.1%。</blockquote></p><p></p><p> Campbell Soup(CPB) – Campbell Soup was downgraded to “neutral” from “overweight” at Piper Sandler, which cited increasing commodity costs among other factors. Campbell shares slid 1.4% in premarket trading.</p><p><blockquote>金宝汤(CPB)——Piper Sandler将金宝汤的评级从“跑赢大盘”下调至“中性”，理由是大宗商品成本上涨等因素。金宝汤股价在盘前交易中下跌1.4%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SCVL":"Shoe Carnival","URBN":"都市服饰","JWN":"诺德斯特龙","HOOD":"Robinhood","TOL":"托尔兄弟","KOSS":"高斯电子",".DJI":"道琼斯","JNJ":"强生","TSM":"台积电",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SAVA":"Cassava Sciences Inc","GME":"游戏驿站","AMC":"AMC院线","DKS":"迪克体育用品","EXPR":"Express, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179982896","content_text":"U.S. stock index futures were steady on Wednesday after another record close for the S&P 500 and the Nasdaq, while investors watched progress in the government's multi-trillion-dollar investment plans.\nAt 7:55 a.m. ET, Dow e-minis were down 3 points, or 0.07%, S&P 500 e-minis were down 12 points, or 0.03%, and Nasdaq 100 e-minis were down 14.50 points, or 0.09%.\n\nMajor Wall Street lenders were mixed, while industrials including Caterpillar Inc and 3M Co inched up about 0.3% after the Democratic-controlled U.S. House of Representatives approved a $3.5 trillion budget framework and agreed to vote by Sept. 27 on a $1 trillion Senate-passed infrastructure bill.\nShares of several retail trading darlings, including Express, AMC Entertainment and Koss Corp, rose between 1.4% and 8.4%, a day after dealing over $1 billion in losses to short sellers in late heavy volume trading on no apparent news.\nFocus is now on the Federal Reserve's annual economic symposium at Jackson Hole on Friday for views on when the central bank will start tapering its massive asset purchases program.\nStocks making the biggest moves premarket:\nTSMC(TSM) – Shares of Taiwan Semiconductor Manufacturing Co. rose 2.7% in premarket trading after local media reported that the world's largest contract chipmaker will raise product prices due to a global supply shortage, dealers said.\nDick’s Sporting Goods(DKS) – The sporting goods retailer’s shares jumped 11.4% in the premarket, as its quarterly earnings beat estimates. The company also announced a $5.50 per share special dividend and a 21% increase in its quarterly dividend. Dick’s earned an adjusted $5.08 per share for its latest quarter, beating the consensus estimate of $2.80.\nJohnson & Johnson(JNJ) – Johnson & Johnson said study data supports the benefits of a booster shot for recipients of its Covid-19 vaccine. The dose sharply increased levels of antibodies in two early-stage trials.\nExpress(EXPR) – Shares of the apparel retailer rallied 5.2% in the premarket after the company reported an unexpected profit for its latest quarter. Express earned 2 cents per share, compared with forecasts of a 30 cents per share loss, and revenue also came in above analyst forecasts.\nShoe Carnival(SCVL) – The shoe retailer reported a quarterly profit of $1.54 per share, more than double the 75 cent consensus estimate, with revenue also exceeding Wall Street forecasts and comparable sales rising 11.4%. Shoe Carnival gained 2.2% in the premarket.\nCassava Biosciences(SAVA) – The biotechnology company said claims posted online late yesterday challenging its scientific integrity are false and misleading. The issue revolved around study data for an Alzheimer’s disease treatment. Cassava released a statement refuting each of 15 claims that the company calls “fiction.” Cassava tumbled 22.6% in the premarket.\nUrban Outfitters(URBN) – Urban Outfitters earned $1.28 per share for its latest quarter, beating the 77 cents consensus estimate. The apparel retailer’s revenue was also above forecasts. Urban Outfitters benefited from a sizeable increase in digital sales compared with pre-pandemic levels. However, the company also mentioned that it is dealing with supply chain issues, and its shares lost 5.2% in premarket trading.\nNordstrom(JWN) – Nordstrom tumbled 11.5% in premarket trading after its quarterly report showed revenue for its latest quarter was still below pre-pandemic levels. The department store operator did beat the 27 cents estimate for its latest quarter with earnings of 49 cents per share, and revenue above forecasts. Nordstrom raised its full-year outlook as well.\nToll Brothers(TOL) – Toll Brothers reported quarterly earnings of $1.87 per share, 32 cents above the consensus estimate, with the luxury home builder’s revenue essentially in line with Wall Street forecasts. Low overall inventories in the housing market and low mortgage rates helped boost the company’s results. Toll Brothers gained 1.9% in premarket action.\nIntuit(INTU) – Intuit beat estimates by 38 cents with adjusted quarterly earnings of $1.97, while the financial software company’s revenue topped estimates. The maker of TurboTax also issued an upbeat outlook, raised its dividend and boosted its stock buyback program. The stock added 2.4% in the premarket.\nMeme Stocks – So-called “meme” stocks remain on watch after late Tuesday rallies.AMC Entertainment,Koss,Robinhood and ContextLogic all surged despite a lack of news on any of those companies. Koss rose 1.7% in the premarket, AMC jumped 2.6%,GameStop fell 1.6% and Robinhood fell 0.1%.\nCampbell Soup(CPB) – Campbell Soup was downgraded to “neutral” from “overweight” at Piper Sandler, which cited increasing commodity costs among other factors. Campbell shares slid 1.4% in premarket trading.","news_type":1,"symbols_score_info":{"ESmain":0.9,"JWN":0.9,".SPX":0.9,"NQmain":0.9,"JNJ":0.9,"SAVA":0.9,".IXIC":0.9,"HOOD":0.9,"GME":0.9,".DJI":0.9,"AMC":0.9,"EXPR":0.9,"KOSS":0.9,"TOL":0.9,"TSM":0.9,"WISH":0.9,"DKS":0.9,"SCVL":0.9,"URBN":0.9,"YMmain":0.9}},"isVote":1,"tweetType":1,"viewCount":1331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":838992010,"gmtCreate":1629362905330,"gmtModify":1631890454458,"author":{"id":"3571353151224967","authorId":"3571353151224967","name":"Paulie13","avatar":"https://static.tigerbbs.com/265f29263756a1465323c33d81deca23","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571353151224967","authorIdStr":"3571353151224967"},"themes":[],"htmlText":"Go","listText":"Go","text":"Go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/838992010","repostId":"1118120303","repostType":4,"repost":{"id":"1118120303","kind":"news","pubTimestamp":1629362423,"share":"https://www.laohu8.com/m/news/1118120303?lang=zh_CN&edition=full","pubTime":"2021-08-19 16:40","market":"us","language":"en","title":"How to Hedge Your Stock Portfolio Before Interest Rates Start Rising<blockquote>如何在利率开始上升之前对冲您的股票投资组合</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1118120303","media":"Barron's","summary":"If fairy tales were made into parables about investing, the boy who cried wolf would run a tail-risk","content":"<p>If fairy tales were made into parables about investing, the boy who cried wolf would run a tail-risk fund.</p><p><blockquote>如果童话故事被改编成关于投资的寓言，喊狼来了的男孩将经营一只尾部风险基金。</blockquote></p><p> To protect his stocks, the vigilant boy would perpetually buybearish options contractsin anticipation that stock prices would fall. He would now be very busy, as many ominous events are bounding across the world’s stage.</p><p><blockquote>为了保护自己的股票，这个警惕的男孩会不断买入看跌期权合约，因为他预计股价会下跌。他现在会非常忙，因为许多不祥的事件正在世界舞台上跳跃。</blockquote></p><p> Thefall of Afghanistanis a potentially destabilizing market event, especially ahead of the 20th anniversary of the Sept. 11 terrorist attack on the U.S.</p><p><blockquote>阿富汗的陷落是一个潜在的破坏市场稳定的事件，尤其是在9月11日美国恐怖袭击20周年之前。</blockquote></p><p> The resurgence of Covid-19, weakening retail sales, China saber-rattling toward Taiwan, China mocking America’s sloppy Afghanistan withdrawal, andsigns of sticky inflationare all reasons for extra vigilance.</p><p><blockquote>Covid-19的死灰复燃、零售销售疲软、中国对台湾的武力威胁、中国嘲笑美国草率的阿富汗撤军以及粘性通胀的迹象都值得格外警惕。</blockquote></p><p> But the major event that would most alarm our hero would be the Federal Reserve’smeeting in Jackson Hole, Wyo., at the end of the month. Jerome Powell, the Fed’s chairman, is expected to speak. He is the big, bad wolf of this reimagined story.</p><p><blockquote>但最让我们的英雄震惊的重大事件将是本月底在怀俄明州杰克逊霍尔举行的美联储会议。美联储主席鲍威尔预计将发表讲话。他是这个重新想象的故事中的大灰狼。</blockquote></p><p> Powell’s speech might offer concrete clues about potential changes to monetary policy—which could pummel stocks.</p><p><blockquote>鲍威尔的讲话可能会为货币政策的潜在变化提供具体线索，这可能会打击股市。</blockquote></p><p> When interest rates are low, as they are now, investors can move far out on the so-called risk curve. It’s cheap to borrow money and thus relatively easy to make money doing something as simple asbuying dividend-paying stocksand as complex as quantitative trading. With rates low enough, even Bitcoin and emerging market debt can be attractive.</p><p><blockquote>当利率较低时，就像现在一样，投资者可以在所谓的风险曲线上走得更远。借钱很便宜，因此做一些简单的事情（如购买派息股票）和复杂的事情（如量化交易）赚钱相对容易。由于利率足够低，即使是比特币和新兴市场的债务也可能具有吸引力。</blockquote></p><p> Yet this time, even if the boy who cried wolf is wrong, investors need to be aware that many others will be listening to himahead of expected changes to interest rates.</p><p><blockquote>然而，这一次，即使喊狼来了的男孩是错的，投资者也需要意识到，许多其他人将听取他关于利率预期变化的意见。</blockquote></p><p> Stock prices are generally dancing around record highs—a phrase used in this column year after year—as historically low interest rates remain the central defining fact of the market.</p><p><blockquote>由于历史低利率仍然是市场的核心定义事实，股价通常在历史高点附近波动——这是本专栏年复一年使用的一个短语。</blockquote></p><p> But it seems that the more investors talk about corrections, or why corrections won’t happen, the bearish narrative prevails, at least for a bit.</p><p><blockquote>但似乎投资者越多地谈论调整，或者为什么调整不会发生，看跌的说法就占了上风，至少在一段时间内是这样。</blockquote></p><p> Expectations that something will soon happen to easy-money rates are leading to a burst of hedging activity.</p><p><blockquote>对宽松货币利率很快就会发生变化的预期正在导致对冲活动的爆发。</blockquote></p><p> One major investor has created a bearish position in theSPDR S&amp;P 500exchange-traded fund (ticker: SPY) that would prove profitable if the stock market fell about 4% by Sept. 3. The investor sold 25,000 September $427 put options and bought 25,000 $440 puts, all expiring on Sept. 3, to cover the Fed’s Jackson Hole symposium from Aug. 26 to Aug. 28.</p><p><blockquote>一位主要投资者在SPDR S&amp;P 500交易所交易基金（股票代码：SPDR标普500指数ETF）中建立了看跌头寸，如果股市到9月3日下跌约4%，该基金将会盈利。该投资者卖出了25,000份9月427美元看跌期权，并买入了25,000份440美元看跌期权，全部将于9月3日到期，以覆盖8月26日至8月28日举行的美联储杰克逊霍尔研讨会。</blockquote></p><p> This column has rarely offered a suggestion to hedge portfolios. It has almost always seemed better to us to sell puts to anxious investors and use the proceeds to buy upside call options to profit from stock advances.</p><p><blockquote>本专栏很少提供对冲投资组合的建议。对我们来说，向焦虑的投资者出售看跌期权并用所得收益购买上行看涨期权期权以从股票上涨中获利似乎总是更好。</blockquote></p><p> Similarly, we have been hesitant to recommend stock-replacement strategies. Because low interest rates always seemed the key ingredient in the bull market, there was seldom a strategic reason for selling stocks and buying calls.</p><p><blockquote>同样，我们也一直犹豫是否推荐股票替换策略。因为低利率似乎总是牛市的关键因素，所以很少有卖出股票和买入评级的战略理由。</blockquote></p><p> But now, using upside calls as stock surrogates does indeed seem attractive for anyone who thinks that rates could rise. The strategy is worth pondering for investors with substantial stock profits.</p><p><blockquote>但现在，对于任何认为利率可能上升的人来说，使用上行评级作为股票替代品似乎确实很有吸引力。对于股票利润丰厚的投资者来说，该策略值得深思。</blockquote></p><p> If this resonates, review your stocks. Sell enough shares to realize a profit of, say, 50% to 100% on your initial investment. If you sold 500 shares to lock in gains, for example, buy a corresponding number of upside calls that expire in, say, three months. This will buy you just enough time to see how the stock—and the market—performs.</p><p><blockquote>如果这引起了共鸣，请检查您的股票。出售足够的股票以实现初始投资50%到100%的利润。例如，如果您出售500股以锁定收益，请购买相应数量的三个月后到期的上涨评级。这将为您赢得足够的时间来了解股票和市场的表现。</blockquote></p><p> The goal is not to be scared of wolves, and to make sure that your appetite for volatility is aligned with your investment timeline.</p><p><blockquote>目标是不要害怕狼，并确保您对波动性的偏好与您的投资时间表一致。</blockquote></p><p> <i>Steven M. Sears is the president and chief operating officer of Options Solutions, a specialized asset-management firm. Neither he nor the firm has a position in the options or underlying securities mentioned in this column.</i></p><p><blockquote><i>Steven M.Sears是专业资产管理公司Options Solutions的总裁兼首席运营官。他和公司都没有在本专栏提到的期权或基础证券中持有头寸。</i></blockquote></p><p></p>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How to Hedge Your Stock Portfolio Before Interest Rates Start Rising<blockquote>如何在利率开始上升之前对冲您的股票投资组合</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow to Hedge Your Stock Portfolio Before Interest Rates Start Rising<blockquote>如何在利率开始上升之前对冲您的股票投资组合</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-08-19 16:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p>If fairy tales were made into parables about investing, the boy who cried wolf would run a tail-risk fund.</p><p><blockquote>如果童话故事被改编成关于投资的寓言，喊狼来了的男孩将经营一只尾部风险基金。</blockquote></p><p> To protect his stocks, the vigilant boy would perpetually buybearish options contractsin anticipation that stock prices would fall. He would now be very busy, as many ominous events are bounding across the world’s stage.</p><p><blockquote>为了保护自己的股票，这个警惕的男孩会不断买入看跌期权合约，因为他预计股价会下跌。他现在会非常忙，因为许多不祥的事件正在世界舞台上跳跃。</blockquote></p><p> Thefall of Afghanistanis a potentially destabilizing market event, especially ahead of the 20th anniversary of the Sept. 11 terrorist attack on the U.S.</p><p><blockquote>阿富汗的陷落是一个潜在的破坏市场稳定的事件，尤其是在9月11日美国恐怖袭击20周年之前。</blockquote></p><p> The resurgence of Covid-19, weakening retail sales, China saber-rattling toward Taiwan, China mocking America’s sloppy Afghanistan withdrawal, andsigns of sticky inflationare all reasons for extra vigilance.</p><p><blockquote>Covid-19的死灰复燃、零售销售疲软、中国对台湾的武力威胁、中国嘲笑美国草率的阿富汗撤军以及粘性通胀的迹象都值得格外警惕。</blockquote></p><p> But the major event that would most alarm our hero would be the Federal Reserve’smeeting in Jackson Hole, Wyo., at the end of the month. Jerome Powell, the Fed’s chairman, is expected to speak. He is the big, bad wolf of this reimagined story.</p><p><blockquote>但最让我们的英雄震惊的重大事件将是本月底在怀俄明州杰克逊霍尔举行的美联储会议。美联储主席鲍威尔预计将发表讲话。他是这个重新想象的故事中的大灰狼。</blockquote></p><p> Powell’s speech might offer concrete clues about potential changes to monetary policy—which could pummel stocks.</p><p><blockquote>鲍威尔的讲话可能会为货币政策的潜在变化提供具体线索，这可能会打击股市。</blockquote></p><p> When interest rates are low, as they are now, investors can move far out on the so-called risk curve. It’s cheap to borrow money and thus relatively easy to make money doing something as simple asbuying dividend-paying stocksand as complex as quantitative trading. With rates low enough, even Bitcoin and emerging market debt can be attractive.</p><p><blockquote>当利率较低时，就像现在一样，投资者可以在所谓的风险曲线上走得更远。借钱很便宜，因此做一些简单的事情（如购买派息股票）和复杂的事情（如量化交易）赚钱相对容易。由于利率足够低，即使是比特币和新兴市场的债务也可能具有吸引力。</blockquote></p><p> Yet this time, even if the boy who cried wolf is wrong, investors need to be aware that many others will be listening to himahead of expected changes to interest rates.</p><p><blockquote>然而，这一次，即使喊狼来了的男孩是错的，投资者也需要意识到，许多其他人将听取他关于利率预期变化的意见。</blockquote></p><p> Stock prices are generally dancing around record highs—a phrase used in this column year after year—as historically low interest rates remain the central defining fact of the market.</p><p><blockquote>由于历史低利率仍然是市场的核心定义事实，股价通常在历史高点附近波动——这是本专栏年复一年使用的一个短语。</blockquote></p><p> But it seems that the more investors talk about corrections, or why corrections won’t happen, the bearish narrative prevails, at least for a bit.</p><p><blockquote>但似乎投资者越多地谈论调整，或者为什么调整不会发生，看跌的说法就占了上风，至少在一段时间内是这样。</blockquote></p><p> Expectations that something will soon happen to easy-money rates are leading to a burst of hedging activity.</p><p><blockquote>对宽松货币利率很快就会发生变化的预期正在导致对冲活动的爆发。</blockquote></p><p> One major investor has created a bearish position in theSPDR S&amp;P 500exchange-traded fund (ticker: SPY) that would prove profitable if the stock market fell about 4% by Sept. 3. The investor sold 25,000 September $427 put options and bought 25,000 $440 puts, all expiring on Sept. 3, to cover the Fed’s Jackson Hole symposium from Aug. 26 to Aug. 28.</p><p><blockquote>一位主要投资者在SPDR S&amp;P 500交易所交易基金（股票代码：SPDR标普500指数ETF）中建立了看跌头寸，如果股市到9月3日下跌约4%，该基金将会盈利。该投资者卖出了25,000份9月427美元看跌期权，并买入了25,000份440美元看跌期权，全部将于9月3日到期，以覆盖8月26日至8月28日举行的美联储杰克逊霍尔研讨会。</blockquote></p><p> This column has rarely offered a suggestion to hedge portfolios. It has almost always seemed better to us to sell puts to anxious investors and use the proceeds to buy upside call options to profit from stock advances.</p><p><blockquote>本专栏很少提供对冲投资组合的建议。对我们来说，向焦虑的投资者出售看跌期权并用所得收益购买上行看涨期权期权以从股票上涨中获利似乎总是更好。</blockquote></p><p> Similarly, we have been hesitant to recommend stock-replacement strategies. Because low interest rates always seemed the key ingredient in the bull market, there was seldom a strategic reason for selling stocks and buying calls.</p><p><blockquote>同样，我们也一直犹豫是否推荐股票替换策略。因为低利率似乎总是牛市的关键因素，所以很少有卖出股票和买入评级的战略理由。</blockquote></p><p> But now, using upside calls as stock surrogates does indeed seem attractive for anyone who thinks that rates could rise. The strategy is worth pondering for investors with substantial stock profits.</p><p><blockquote>但现在，对于任何认为利率可能上升的人来说，使用上行评级作为股票替代品似乎确实很有吸引力。对于股票利润丰厚的投资者来说，该策略值得深思。</blockquote></p><p> If this resonates, review your stocks. Sell enough shares to realize a profit of, say, 50% to 100% on your initial investment. If you sold 500 shares to lock in gains, for example, buy a corresponding number of upside calls that expire in, say, three months. This will buy you just enough time to see how the stock—and the market—performs.</p><p><blockquote>如果这引起了共鸣，请检查您的股票。出售足够的股票以实现初始投资50%到100%的利润。例如，如果您出售500股以锁定收益，请购买相应数量的三个月后到期的上涨评级。这将为您赢得足够的时间来了解股票和市场的表现。</blockquote></p><p> The goal is not to be scared of wolves, and to make sure that your appetite for volatility is aligned with your investment timeline.</p><p><blockquote>目标是不要害怕狼，并确保您对波动性的偏好与您的投资时间表一致。</blockquote></p><p> <i>Steven M. Sears is the president and chief operating officer of Options Solutions, a specialized asset-management firm. Neither he nor the firm has a position in the options or underlying securities mentioned in this column.</i></p><p><blockquote><i>Steven M.Sears是专业资产管理公司Options Solutions的总裁兼首席运营官。他和公司都没有在本专栏提到的期权或基础证券中持有头寸。</i></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/articles/how-to-hedge-your-stock-portfolio-before-interest-rates-start-rising-51629361806?mod=mw_latestnews\">Barron's</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/articles/how-to-hedge-your-stock-portfolio-before-interest-rates-start-rising-51629361806?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118120303","content_text":"If fairy tales were made into parables about investing, the boy who cried wolf would run a tail-risk fund.\nTo protect his stocks, the vigilant boy would perpetually buybearish options contractsin anticipation that stock prices would fall. He would now be very busy, as many ominous events are bounding across the world’s stage.\nThefall of Afghanistanis a potentially destabilizing market event, especially ahead of the 20th anniversary of the Sept. 11 terrorist attack on the U.S.\nThe resurgence of Covid-19, weakening retail sales, China saber-rattling toward Taiwan, China mocking America’s sloppy Afghanistan withdrawal, andsigns of sticky inflationare all reasons for extra vigilance.\nBut the major event that would most alarm our hero would be the Federal Reserve’smeeting in Jackson Hole, Wyo., at the end of the month. Jerome Powell, the Fed’s chairman, is expected to speak. He is the big, bad wolf of this reimagined story.\nPowell’s speech might offer concrete clues about potential changes to monetary policy—which could pummel stocks.\nWhen interest rates are low, as they are now, investors can move far out on the so-called risk curve. It’s cheap to borrow money and thus relatively easy to make money doing something as simple asbuying dividend-paying stocksand as complex as quantitative trading. With rates low enough, even Bitcoin and emerging market debt can be attractive.\nYet this time, even if the boy who cried wolf is wrong, investors need to be aware that many others will be listening to himahead of expected changes to interest rates.\nStock prices are generally dancing around record highs—a phrase used in this column year after year—as historically low interest rates remain the central defining fact of the market.\nBut it seems that the more investors talk about corrections, or why corrections won’t happen, the bearish narrative prevails, at least for a bit.\nExpectations that something will soon happen to easy-money rates are leading to a burst of hedging activity.\nOne major investor has created a bearish position in theSPDR S&P 500exchange-traded fund (ticker: SPY) that would prove profitable if the stock market fell about 4% by Sept. 3. The investor sold 25,000 September $427 put options and bought 25,000 $440 puts, all expiring on Sept. 3, to cover the Fed’s Jackson Hole symposium from Aug. 26 to Aug. 28.\nThis column has rarely offered a suggestion to hedge portfolios. It has almost always seemed better to us to sell puts to anxious investors and use the proceeds to buy upside call options to profit from stock advances.\nSimilarly, we have been hesitant to recommend stock-replacement strategies. Because low interest rates always seemed the key ingredient in the bull market, there was seldom a strategic reason for selling stocks and buying calls.\nBut now, using upside calls as stock surrogates does indeed seem attractive for anyone who thinks that rates could rise. The strategy is worth pondering for investors with substantial stock profits.\nIf this resonates, review your stocks. Sell enough shares to realize a profit of, say, 50% to 100% on your initial investment. If you sold 500 shares to lock in gains, for example, buy a corresponding number of upside calls that expire in, say, three months. This will buy you just enough time to see how the stock—and the market—performs.\nThe goal is not to be scared of wolves, and to make sure that your appetite for volatility is aligned with your investment timeline.\nSteven M. Sears is the president and chief operating officer of Options Solutions, a specialized asset-management firm. Neither he nor the firm has a position in the options or underlying securities mentioned in this column.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":1563,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":831076025,"gmtCreate":1629276225267,"gmtModify":1631890454470,"author":{"id":"3571353151224967","authorId":"3571353151224967","name":"Paulie13","avatar":"https://static.tigerbbs.com/265f29263756a1465323c33d81deca23","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571353151224967","authorIdStr":"3571353151224967"},"themes":[],"htmlText":"Aaa","listText":"Aaa","text":"Aaa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/831076025","repostId":"1194174383","repostType":4,"repost":{"id":"1194174383","kind":"news","pubTimestamp":1629246519,"share":"https://www.laohu8.com/m/news/1194174383?lang=zh_CN&edition=full","pubTime":"2021-08-18 08:28","market":"us","language":"en","title":"Nvidia Reports Earnings Wednesday. Here’s Why Cryptocurrencies Matter.<blockquote>英伟达周三公布财报。这就是加密货币很重要的原因。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1194174383","media":"Barrons","summary":"Tucked away in the numbers that Nvidia will post Wednesday is revenue from cryptocurrency mining chi","content":"<p>Tucked away in the numbers that Nvidia will post Wednesday is revenue from cryptocurrency mining chips. Investors should keep an eye on the total.</p><p><blockquote>英伟达将于周三公布的数据中隐藏着来自加密货币挖矿芯片的收入。投资者应密切关注总数。</blockquote></p><p> Why is simple: The peaks and valleys of crypto prices make it tough to peg demand for the chips, which the miners who handle the transactions need. And Nvidia (ticker: NVDA) earnings has gotten burned before when crypto prices tanked.</p><p><blockquote>原因很简单：加密货币价格的高峰和低谷使得很难确定处理交易的矿工所需的芯片需求。当加密货币价格暴跌时，英伟达（股票代码：NVDA）的盈利也曾遭受过损失。</blockquote></p><p> This year, though, Nvidia has done two things to protect itself: Maybe most important, it changed the design of its videogame chips that crypto miners co-optedfor their business. And the company started making a version just for miners.</p><p><blockquote>不过，今年，英伟达做了两件事来保护自己：也许最重要的是，它改变了加密货币矿工为其业务所采用的视频游戏芯片的设计。该公司开始专门为矿工制作一个版本。</blockquote></p><p> The new chips arewhat Nvidia tracks as crypto revenue because it can’t accurately track how many videogame chips are being used for mining.</p><p><blockquote>新芯片是英伟达跟踪的加密收入，因为它无法准确跟踪有多少视频游戏芯片被用于挖矿。</blockquote></p><p> The company’s finance chief, Colette Kress, has forecast $400 million in crypto chip sales for the second quarter—more than double first-quarter revenue of $155 million.The consensus revenue estimate for the segment that includes mining chips is $537.5 million, up from $327 million sequentially in the first quarter.</p><p><blockquote>该公司财务主管Colette Kress预测第二季度加密芯片销售额为4亿美元，是第一季度1.55亿美元收入的两倍多。包括挖矿芯片在内的该部门的普遍收入预期为5.375亿美元，高于第一季度的3.27亿美元。</blockquote></p><p> Just like the results for any other company, investors want the actual numbers to at least match—and better yet beat—Kress’ estimates.</p><p><blockquote>就像任何其他公司的业绩一样，投资者希望实际数字至少符合——甚至更好地超过——克雷斯的估计。</blockquote></p><p> BMO Capital Markets analyst Ambrish Srivastava has put forward several estimates on the true size of Nvidia’s mining business—the new chips added to the videogame chips.</p><p><blockquote>BMO资本市场分析师Ambrish Srivastava对英伟达挖矿业务的真实规模提出了几项估计——视频游戏芯片中添加的新芯片。</blockquote></p><p> For the second quarter, Srivastava predicts $450 million in crypto revenue, which isn’t far off the company’s forecast; his estimate for the first quarter was $650 million, which was well above the $155 million Nvidia reported for just its mining chips.</p><p><blockquote>对于第二季度，Srivastava预测加密收入为4.5亿美元，这与公司的预测相差不远；他对第一季度的预期为6.5亿美元，远高于英伟达仅挖矿芯片就报告的1.55亿美元。</blockquote></p><p> Investors should hope that Nvidia—and Srivastava—are close with their numbers so they can have a better idea of just how much exposure the company has to those sometimes-volatile crypto prices. A slump in crypto prices a few years ago translated to a drop in Nvidia’s revenue by nearly a third for&nbsp;four straight quarters.</p><p><blockquote>投资者应该希望Nvidia和Srivastava的数字接近，这样他们就可以更好地了解该公司对这些有时波动的加密货币价格的敞口有多大。几年前加密货币价格的暴跌导致英伟达的收入连续四个季度下降了近三分之一。</blockquote></p><p> The rest of the quarter is fairly typical stuff. Overall, the consensus forecast is for adjusted earnings of $1.01 a share, on revenue of $6.3 billion.</p><p><blockquote>本季度剩下的时间是相当典型的事情。总体而言，市场普遍预测调整后每股收益为1.01美元，营收为63亿美元。</blockquote></p><p> Investors also should pay attention to the data center segment. Chief executive Jensen Huang has talked up the demand around data-center graphics processors, which are often used for artificial intelligence and machine-learning tasks. Wall Street expects data center revenueto grow roughly 30% to $2.3 billion.</p><p><blockquote>投资者还应关注数据中心领域。首席执行官黄仁勋谈到了数据中心图形处理器的需求，这些处理器通常用于人工智能和机器学习任务。华尔街预计数据中心收入将增长约30%，达到23亿美元。</blockquote></p><p> The company’s core videogame chip business is expected to grow 80% to $3 billion. It’s worth looking for commentary from executives about the ongoing global chip shortage. The expected increase in supply hasn’t quite materialized, according to Srivastava.</p><p><blockquote>该公司的核心视频游戏芯片业务预计将增长80%，达到30亿美元。值得寻求高管们对持续的全球芯片短缺的评论。斯里瓦斯塔瓦表示，预期的供应增加尚未完全实现。</blockquote></p><p> Shares of Nvidia slumped 2.5% during Tuesday’s regular session to $194.58, but have gained 48% this year. The benchmark PHLX Semiconductor index gained 16% in 2021.</p><p><blockquote>Nvidia股价在周二常规交易中下跌2.5%，至194.58美元，但今年已上涨48%。基准PHLX半导体指数在2021年上涨了16%。</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>Nvidia Reports Earnings Wednesday. Here’s Why Cryptocurrencies Matter.<blockquote>英伟达周三公布财报。这就是加密货币很重要的原因。</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\">\nNvidia Reports Earnings Wednesday. Here’s Why Cryptocurrencies Matter.<blockquote>英伟达周三公布财报。这就是加密货币很重要的原因。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-08-18 08:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Tucked away in the numbers that Nvidia will post Wednesday is revenue from cryptocurrency mining chips. Investors should keep an eye on the total.</p><p><blockquote>英伟达将于周三公布的数据中隐藏着来自加密货币挖矿芯片的收入。投资者应密切关注总数。</blockquote></p><p> Why is simple: The peaks and valleys of crypto prices make it tough to peg demand for the chips, which the miners who handle the transactions need. And Nvidia (ticker: NVDA) earnings has gotten burned before when crypto prices tanked.</p><p><blockquote>原因很简单：加密货币价格的高峰和低谷使得很难确定处理交易的矿工所需的芯片需求。当加密货币价格暴跌时，英伟达（股票代码：NVDA）的盈利也曾遭受过损失。</blockquote></p><p> This year, though, Nvidia has done two things to protect itself: Maybe most important, it changed the design of its videogame chips that crypto miners co-optedfor their business. And the company started making a version just for miners.</p><p><blockquote>不过，今年，英伟达做了两件事来保护自己：也许最重要的是，它改变了加密货币矿工为其业务所采用的视频游戏芯片的设计。该公司开始专门为矿工制作一个版本。</blockquote></p><p> The new chips arewhat Nvidia tracks as crypto revenue because it can’t accurately track how many videogame chips are being used for mining.</p><p><blockquote>新芯片是英伟达跟踪的加密收入，因为它无法准确跟踪有多少视频游戏芯片被用于挖矿。</blockquote></p><p> The company’s finance chief, Colette Kress, has forecast $400 million in crypto chip sales for the second quarter—more than double first-quarter revenue of $155 million.The consensus revenue estimate for the segment that includes mining chips is $537.5 million, up from $327 million sequentially in the first quarter.</p><p><blockquote>该公司财务主管Colette Kress预测第二季度加密芯片销售额为4亿美元，是第一季度1.55亿美元收入的两倍多。包括挖矿芯片在内的该部门的普遍收入预期为5.375亿美元，高于第一季度的3.27亿美元。</blockquote></p><p> Just like the results for any other company, investors want the actual numbers to at least match—and better yet beat—Kress’ estimates.</p><p><blockquote>就像任何其他公司的业绩一样，投资者希望实际数字至少符合——甚至更好地超过——克雷斯的估计。</blockquote></p><p> BMO Capital Markets analyst Ambrish Srivastava has put forward several estimates on the true size of Nvidia’s mining business—the new chips added to the videogame chips.</p><p><blockquote>BMO资本市场分析师Ambrish Srivastava对英伟达挖矿业务的真实规模提出了几项估计——视频游戏芯片中添加的新芯片。</blockquote></p><p> For the second quarter, Srivastava predicts $450 million in crypto revenue, which isn’t far off the company’s forecast; his estimate for the first quarter was $650 million, which was well above the $155 million Nvidia reported for just its mining chips.</p><p><blockquote>对于第二季度，Srivastava预测加密收入为4.5亿美元，这与公司的预测相差不远；他对第一季度的预期为6.5亿美元，远高于英伟达仅挖矿芯片就报告的1.55亿美元。</blockquote></p><p> Investors should hope that Nvidia—and Srivastava—are close with their numbers so they can have a better idea of just how much exposure the company has to those sometimes-volatile crypto prices. A slump in crypto prices a few years ago translated to a drop in Nvidia’s revenue by nearly a third for&nbsp;four straight quarters.</p><p><blockquote>投资者应该希望Nvidia和Srivastava的数字接近，这样他们就可以更好地了解该公司对这些有时波动的加密货币价格的敞口有多大。几年前加密货币价格的暴跌导致英伟达的收入连续四个季度下降了近三分之一。</blockquote></p><p> The rest of the quarter is fairly typical stuff. Overall, the consensus forecast is for adjusted earnings of $1.01 a share, on revenue of $6.3 billion.</p><p><blockquote>本季度剩下的时间是相当典型的事情。总体而言，市场普遍预测调整后每股收益为1.01美元，营收为63亿美元。</blockquote></p><p> Investors also should pay attention to the data center segment. Chief executive Jensen Huang has talked up the demand around data-center graphics processors, which are often used for artificial intelligence and machine-learning tasks. Wall Street expects data center revenueto grow roughly 30% to $2.3 billion.</p><p><blockquote>投资者还应关注数据中心领域。首席执行官黄仁勋谈到了数据中心图形处理器的需求，这些处理器通常用于人工智能和机器学习任务。华尔街预计数据中心收入将增长约30%，达到23亿美元。</blockquote></p><p> The company’s core videogame chip business is expected to grow 80% to $3 billion. It’s worth looking for commentary from executives about the ongoing global chip shortage. The expected increase in supply hasn’t quite materialized, according to Srivastava.</p><p><blockquote>该公司的核心视频游戏芯片业务预计将增长80%，达到30亿美元。值得寻求高管们对持续的全球芯片短缺的评论。斯里瓦斯塔瓦表示，预期的供应增加尚未完全实现。</blockquote></p><p> Shares of Nvidia slumped 2.5% during Tuesday’s regular session to $194.58, but have gained 48% this year. The benchmark PHLX Semiconductor index gained 16% in 2021.</p><p><blockquote>Nvidia股价在周二常规交易中下跌2.5%，至194.58美元，但今年已上涨48%。基准PHLX半导体指数在2021年上涨了16%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/nvidia-reports-earnings-wednesday-heres-why-cryptocurrencies-matter-51629238799?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":{"NVDA":"英伟达"},"source_url":"https://www.barrons.com/articles/nvidia-reports-earnings-wednesday-heres-why-cryptocurrencies-matter-51629238799?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194174383","content_text":"Tucked away in the numbers that Nvidia will post Wednesday is revenue from cryptocurrency mining chips. Investors should keep an eye on the total.\nWhy is simple: The peaks and valleys of crypto prices make it tough to peg demand for the chips, which the miners who handle the transactions need. And Nvidia (ticker: NVDA) earnings has gotten burned before when crypto prices tanked.\nThis year, though, Nvidia has done two things to protect itself: Maybe most important, it changed the design of its videogame chips that crypto miners co-optedfor their business. And the company started making a version just for miners.\nThe new chips arewhat Nvidia tracks as crypto revenue because it can’t accurately track how many videogame chips are being used for mining.\nThe company’s finance chief, Colette Kress, has forecast $400 million in crypto chip sales for the second quarter—more than double first-quarter revenue of $155 million.The consensus revenue estimate for the segment that includes mining chips is $537.5 million, up from $327 million sequentially in the first quarter.\nJust like the results for any other company, investors want the actual numbers to at least match—and better yet beat—Kress’ estimates.\nBMO Capital Markets analyst Ambrish Srivastava has put forward several estimates on the true size of Nvidia’s mining business—the new chips added to the videogame chips.\nFor the second quarter, Srivastava predicts $450 million in crypto revenue, which isn’t far off the company’s forecast; his estimate for the first quarter was $650 million, which was well above the $155 million Nvidia reported for just its mining chips.\nInvestors should hope that Nvidia—and Srivastava—are close with their numbers so they can have a better idea of just how much exposure the company has to those sometimes-volatile crypto prices. A slump in crypto prices a few years ago translated to a drop in Nvidia’s revenue by nearly a third for four straight quarters.\nThe rest of the quarter is fairly typical stuff. Overall, the consensus forecast is for adjusted earnings of $1.01 a share, on revenue of $6.3 billion.\nInvestors also should pay attention to the data center segment. Chief executive Jensen Huang has talked up the demand around data-center graphics processors, which are often used for artificial intelligence and machine-learning tasks. Wall Street expects data center revenueto grow roughly 30% to $2.3 billion.\nThe company’s core videogame chip business is expected to grow 80% to $3 billion. It’s worth looking for commentary from executives about the ongoing global chip shortage. The expected increase in supply hasn’t quite materialized, according to Srivastava.\nShares of Nvidia slumped 2.5% during Tuesday’s regular session to $194.58, but have gained 48% this year. The benchmark PHLX Semiconductor index gained 16% in 2021.","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":1620,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897270291,"gmtCreate":1628930759013,"gmtModify":1631890454492,"author":{"id":"3571353151224967","authorId":"3571353151224967","name":"Paulie13","avatar":"https://static.tigerbbs.com/265f29263756a1465323c33d81deca23","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571353151224967","authorIdStr":"3571353151224967"},"themes":[],"htmlText":"Aaa","listText":"Aaa","text":"Aaa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/897270291","repostId":"2159321505","repostType":4,"repost":{"id":"2159321505","kind":"highlight","pubTimestamp":1628911811,"share":"https://www.laohu8.com/m/news/2159321505?lang=zh_CN&edition=full","pubTime":"2021-08-14 11:30","market":"us","language":"en","title":"Tesla seeks to reduce board members’ terms, make other changes in October shareholder meeting<blockquote>特斯拉寻求缩短董事会成员任期，并在十月股东大会上做出其他改变</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2159321505","media":"MarketWatch","summary":"Board members would serve for two years rather than three\nTesla CEO Elon Musk in Germany last year. ","content":"<p>Board members would serve for two years rather than three</p><p><blockquote>董事会成员的任期为两年，而不是三年</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abc701f141f0c0044cabe912e510fe2e\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Tesla CEO Elon Musk in Germany last year. MAJA HITIJ/GETTY IMAGES</span></p><p><blockquote><p class=\"t-img-caption\"><span>特斯拉首席执行官Elon Musk去年在德国。玛雅·希蒂吉/盖蒂图片社</span></p></blockquote></p><p> Tesla Inc. set its shareholder meeting for Oct. 7 at the Fremont, Calif., factory, with a call for reducing its directors’ terms among the proposals the electric-car maker will bring to the table, the company said in filing late Friday.</p><p><blockquote>特斯拉公司在周五晚间提交的文件中表示，该公司将于10月7日在加州弗里蒙特工厂举行股东大会，该公司将提出的提案包括缩短董事任期的看涨期权。</blockquote></p><p> One of the proposals calls for each director’s term to be reduced from three years to two years. Tesla’s&nbsp;board currently has nine members who are divided into three classes in staggered three-year terms.</p><p><blockquote>其中一项建议是评级将每名董事的任期从三年减至两年。特斯拉董事会目前有九名成员，分为三类，任期三年。</blockquote></p><p> If the proposal is approved, however, the board will be divided into two classes with staggered two-year terms, with directors distributed as equally between the classes as possible, Tesla said in the&nbsp;filing.</p><p><blockquote>然而，特斯拉在文件中表示，如果该提案获得批准，董事会将分为两个任期交错的类别，董事在两个类别之间的分布尽可能平均。</blockquote></p><p> The board would be reduced to eight members, since Antonio Gracias, a venture capitalist who has served on the Tesla board since 2007, said in 2019 he’d not be seeking reelection when his term ends this year.</p><p><blockquote>自2007年以来一直在特斯拉董事会任职的风险投资家Antonio Gracias在2019年表示，今年任期结束后，他不会寻求连任，董事会成员将减少至8名。</blockquote></p><p> Tesla’s board nominated current board members James Murdoch, the youngest son of News Corp&nbsp;founder Rupert Murdoch, and Kimbal Musk, Chief Executive Elon Musk’s brother, for re-election as class II directors, with terms expiring in 2024. If the term reduction is approved, then their terms would end in 2023, the company said.</p><p><blockquote>特斯拉董事会提名现任董事会成员、新闻集团创始人默多克的小儿子默多克（James Murdoch）和首席执行官马斯克（Elon Musk）的哥哥马斯克（Kimbal Musk）连任二级董事，任期将于2024年届满。该公司表示，如果期限缩减获得批准，那么他们的期限将于2023年结束。</blockquote></p><p> Tesla’s curtailing board member terms was a response to a shareholder proposal calling to elect each board member for one year.</p><p><blockquote>特斯拉缩短董事会成员任期是对股东提议选举每位董事会成员一年的回应。</blockquote></p><p> The two-year term, however, “strikes a suitable balance to the long-term interests of and nearer-term accountability to our stockholders at this time,” Tesla said.</p><p><blockquote>然而，特斯拉表示，两年任期“在股东的长期利益和近期责任之间取得了适当的平衡”。</blockquote></p><p> Tesla shares were flat in after-hours trading after ending the regular trading day down 0.7%. The stock has gained 1.6% this year, compared with gains of around 19% for the S&amp;P 500 index.</p><p><blockquote>特斯拉股价在常规交易日收盘下跌0.7%后，在盘后交易中持平。该股今年已上涨1.6%，而标普500指数的涨幅约为19%。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla seeks to reduce board members’ terms, make other changes in October shareholder meeting<blockquote>特斯拉寻求缩短董事会成员任期，并在十月股东大会上做出其他改变</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla seeks to reduce board members’ terms, make other changes in October shareholder meeting<blockquote>特斯拉寻求缩短董事会成员任期，并在十月股东大会上做出其他改变</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-14 11:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Board members would serve for two years rather than three</p><p><blockquote>董事会成员的任期为两年，而不是三年</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abc701f141f0c0044cabe912e510fe2e\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Tesla CEO Elon Musk in Germany last year. MAJA HITIJ/GETTY IMAGES</span></p><p><blockquote><p class=\"t-img-caption\"><span>特斯拉首席执行官Elon Musk去年在德国。玛雅·希蒂吉/盖蒂图片社</span></p></blockquote></p><p> Tesla Inc. set its shareholder meeting for Oct. 7 at the Fremont, Calif., factory, with a call for reducing its directors’ terms among the proposals the electric-car maker will bring to the table, the company said in filing late Friday.</p><p><blockquote>特斯拉公司在周五晚间提交的文件中表示，该公司将于10月7日在加州弗里蒙特工厂举行股东大会，该公司将提出的提案包括缩短董事任期的看涨期权。</blockquote></p><p> One of the proposals calls for each director’s term to be reduced from three years to two years. Tesla’s&nbsp;board currently has nine members who are divided into three classes in staggered three-year terms.</p><p><blockquote>其中一项建议是评级将每名董事的任期从三年减至两年。特斯拉董事会目前有九名成员，分为三类，任期三年。</blockquote></p><p> If the proposal is approved, however, the board will be divided into two classes with staggered two-year terms, with directors distributed as equally between the classes as possible, Tesla said in the&nbsp;filing.</p><p><blockquote>然而，特斯拉在文件中表示，如果该提案获得批准，董事会将分为两个任期交错的类别，董事在两个类别之间的分布尽可能平均。</blockquote></p><p> The board would be reduced to eight members, since Antonio Gracias, a venture capitalist who has served on the Tesla board since 2007, said in 2019 he’d not be seeking reelection when his term ends this year.</p><p><blockquote>自2007年以来一直在特斯拉董事会任职的风险投资家Antonio Gracias在2019年表示，今年任期结束后，他不会寻求连任，董事会成员将减少至8名。</blockquote></p><p> Tesla’s board nominated current board members James Murdoch, the youngest son of News Corp&nbsp;founder Rupert Murdoch, and Kimbal Musk, Chief Executive Elon Musk’s brother, for re-election as class II directors, with terms expiring in 2024. If the term reduction is approved, then their terms would end in 2023, the company said.</p><p><blockquote>特斯拉董事会提名现任董事会成员、新闻集团创始人默多克的小儿子默多克（James Murdoch）和首席执行官马斯克（Elon Musk）的哥哥马斯克（Kimbal Musk）连任二级董事，任期将于2024年届满。该公司表示，如果期限缩减获得批准，那么他们的期限将于2023年结束。</blockquote></p><p> Tesla’s curtailing board member terms was a response to a shareholder proposal calling to elect each board member for one year.</p><p><blockquote>特斯拉缩短董事会成员任期是对股东提议选举每位董事会成员一年的回应。</blockquote></p><p> The two-year term, however, “strikes a suitable balance to the long-term interests of and nearer-term accountability to our stockholders at this time,” Tesla said.</p><p><blockquote>然而，特斯拉表示，两年任期“在股东的长期利益和近期责任之间取得了适当的平衡”。</blockquote></p><p> Tesla shares were flat in after-hours trading after ending the regular trading day down 0.7%. The stock has gained 1.6% this year, compared with gains of around 19% for the S&amp;P 500 index.</p><p><blockquote>特斯拉股价在常规交易日收盘下跌0.7%后，在盘后交易中持平。该股今年已上涨1.6%，而标普500指数的涨幅约为19%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/tesla-seeks-to-reduce-board-terms-in-october-shareholder-meeting-11628888340?mod=newsviewer_click\">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":{"TSLA":"特斯拉"},"source_url":"https://www.marketwatch.com/story/tesla-seeks-to-reduce-board-terms-in-october-shareholder-meeting-11628888340?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2159321505","content_text":"Board members would serve for two years rather than three\nTesla CEO Elon Musk in Germany last year. MAJA HITIJ/GETTY IMAGES\nTesla Inc. set its shareholder meeting for Oct. 7 at the Fremont, Calif., factory, with a call for reducing its directors’ terms among the proposals the electric-car maker will bring to the table, the company said in filing late Friday.\nOne of the proposals calls for each director’s term to be reduced from three years to two years. Tesla’s board currently has nine members who are divided into three classes in staggered three-year terms.\nIf the proposal is approved, however, the board will be divided into two classes with staggered two-year terms, with directors distributed as equally between the classes as possible, Tesla said in the filing.\nThe board would be reduced to eight members, since Antonio Gracias, a venture capitalist who has served on the Tesla board since 2007, said in 2019 he’d not be seeking reelection when his term ends this year.\nTesla’s board nominated current board members James Murdoch, the youngest son of News Corp founder Rupert Murdoch, and Kimbal Musk, Chief Executive Elon Musk’s brother, for re-election as class II directors, with terms expiring in 2024. If the term reduction is approved, then their terms would end in 2023, the company said.\nTesla’s curtailing board member terms was a response to a shareholder proposal calling to elect each board member for one year.\nThe two-year term, however, “strikes a suitable balance to the long-term interests of and nearer-term accountability to our stockholders at this time,” Tesla said.\nTesla shares were flat in after-hours trading after ending the regular trading day down 0.7%. The stock has gained 1.6% this year, compared with gains of around 19% for the S&P 500 index.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1544,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894748726,"gmtCreate":1628860288965,"gmtModify":1631890454500,"author":{"id":"3571353151224967","authorId":"3571353151224967","name":"Paulie13","avatar":"https://static.tigerbbs.com/265f29263756a1465323c33d81deca23","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571353151224967","authorIdStr":"3571353151224967"},"themes":[],"htmlText":"Aaaa","listText":"Aaaa","text":"Aaaa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/894748726","repostId":"1121308321","repostType":4,"isVote":1,"tweetType":1,"viewCount":2656,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898287018,"gmtCreate":1628501237934,"gmtModify":1631893554979,"author":{"id":"3571353151224967","authorId":"3571353151224967","name":"Paulie13","avatar":"https://static.tigerbbs.com/265f29263756a1465323c33d81deca23","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571353151224967","authorIdStr":"3571353151224967"},"themes":[],"htmlText":"aaa","listText":"aaa","text":"aaa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898287018","repostId":"2157492988","repostType":4,"isVote":1,"tweetType":1,"viewCount":477,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891012155,"gmtCreate":1628306815177,"gmtModify":1631893554985,"author":{"id":"3571353151224967","authorId":"3571353151224967","name":"Paulie13","avatar":"https://static.tigerbbs.com/265f29263756a1465323c33d81deca23","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571353151224967","authorIdStr":"3571353151224967"},"themes":[],"htmlText":"Aaa","listText":"Aaa","text":"Aaa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/891012155","repostId":"1119792130","repostType":4,"isVote":1,"tweetType":1,"viewCount":413,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893992028,"gmtCreate":1628226813864,"gmtModify":1631893554988,"author":{"id":"3571353151224967","authorId":"3571353151224967","name":"Paulie13","avatar":"https://static.tigerbbs.com/265f29263756a1465323c33d81deca23","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571353151224967","authorIdStr":"3571353151224967"},"themes":[],"htmlText":"Aaa","listText":"Aaa","text":"Aaa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/893992028","repostId":"1166200134","repostType":4,"repost":{"id":"1166200134","kind":"news","pubTimestamp":1628226624,"share":"https://www.laohu8.com/m/news/1166200134?lang=zh_CN&edition=full","pubTime":"2021-08-06 13:10","market":"us","language":"en","title":"M&A investors flee deal stocks like AMD in perilous omen for merger arbitrageurs<blockquote>并购投资者逃离AMD等交易股票，这对并购套利者来说是一个危险的预兆</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1166200134","media":"Seeking Alpha","summary":"Spreads of major deals such as AMD's purchase of Xilinx and Analog Devices acquisition of Maxim Inte","content":"<p><ul>  <li>Spreads of major deals such as <a href=\"https://laohu8.com/S/AMD\">AMD</a>'s&nbsp;purchase of <a href=\"https://laohu8.com/S/XLNX\">Xilinx</a> and <a href=\"https://laohu8.com/S/ADI\">Analog Devices</a> acquisition of <a href=\"https://laohu8.com/S/MXIM\">Maxim Integrated</a> narrowed after hitting some of widest ever yesterday since the deals were announced.</li>  <li>“I’ve never seen&nbsp;anything like it,\" Roy Behren, managing member and portfolio manager at Westchester Capital, said in an interview with Seeking Alpha last night. \"Maybe in March of 2020 with the COVID, other than that, you can tell people are just selling out of positions.\"</li>  <li>Behren is referring to last March when deal spreads severely widened during Covid when investors thought the pandemic could derail LVMH's purchase of Tiffany and AbbVie's acquisition of Allergan.</li>  <li>The Xilinx/AMD deal spread widened to about $65/share yesterday, or about 45%, though today it has narrowed to about $44, or 29%. AMD&nbsp;fell 5.4%&nbsp;today, while Xilinx&nbsp;climbed 4.4%.&nbsp;Spreads of&nbsp;deals that need Chinese approval&nbsp;yesterday widened as investors appeared to be de-risking on general concerns about China as well as U.S. antitrust deal risk.</li>  <li>\"The spreads in, for example, <a href=\"https://laohu8.com/S/XLNX\">Xilinx</a> and <a href=\"https://laohu8.com/S/MXIM\">Maxim Integrated</a> and <a href=\"https://laohu8.com/S/COHR\">Coherent</a> deals have gone to ridiculously wide levels,\" Behren said in a phone interview. \"It's not just risk off, it's people blowing out at whatever cost. I've got more red on my screen than I've ever seen in a long time.\"</li>  <li>Behren attributes the recent widening in deal spreads to <a href=\"https://laohu8.com/S/AON\">Aon PLC</a> and <a href=\"https://laohu8.com/S/WLTW\">Willis Towers Watson PLC</a>'s&nbsp;decision to&nbsp;terminate their deal last week,which caught risk arb investors by surprise.</li>  <li>\"As Willis Towers caused larger losses than almost everybody anticipated, it set off a cascade of risk reduction in event driven and arbitrage investors, which fed on itself,\" Behren said.</li>  <li>Behren said he believes that there are number of spreads that are \"completely inefficiently priced\" and wider than they should be. For example, if you look at Xilinx (XLNX)/AMD and believe that China may block the deal, Xilinx (XLNX) was trading yesterday as if there was no downside left.</li>  <li>China is \"very opaque, it's unpredictable and the level of execution risk has gone up significantly,\" Behren said.</li>  <li>That being said, he added, \"there should not be a legitimate antitrust reason for blocking this deal.\"</li>  <li>Earlier,China unlikely to clear deals in August as antitrust officials take vacations.</li> </ul></p><p><blockquote><ul><li>重大交易的利差，例如<a href=\"https://laohu8.com/S/AMD\">AMD</a>的购买<a href=\"https://laohu8.com/S/XLNX\">Xilinx</a>和<a href=\"https://laohu8.com/S/ADI\">ADI公司</a>收购<a href=\"https://laohu8.com/S/MXIM\">马克西姆集成</a>在昨天触及自交易宣布以来的最宽范围后有所收窄。</li><li>Westchester Capital的管理成员兼投资组合经理Roy Behren昨晚在接受Seeking Alpha采访时表示：“我从未见过这样的事情。也许在2020年3月，随着新冠疫情的爆发，除此之外，你可以看出人们只是在抛售头寸。”</li><li>Behren指的是去年3月，当时新冠疫情期间交易价差严重扩大，投资者认为疫情可能会破坏LVMH收购蒂芙尼和艾伯维收购艾尔建的交易。</li><li>Xilinx/AMD的交易价差昨天扩大至约65美元/股，或约45%，尽管今天已收窄至约44美元，或约29%。AMD今天下跌5.4%，赛灵思上涨4.4%。昨天需要中国批准的交易价差扩大，因为投资者似乎正在降低对中国以及美国反垄断交易风险的普遍担忧。</li><li>“例如，<a href=\"https://laohu8.com/S/XLNX\">Xilinx</a>和<a href=\"https://laohu8.com/S/MXIM\">马克西姆集成</a>和<a href=\"https://laohu8.com/S/COHR\">一致的</a>交易已经达到了荒谬的广泛水平，”贝伦在电话采访中说。“这不仅仅是风险规避，而是人们不惜一切代价爆发。我的屏幕上出现了很长一段时间以来从未见过的红色。”</li><li>贝伦将最近交易价差的扩大归因于<a href=\"https://laohu8.com/S/AON\">怡安PLC</a>和<a href=\"https://laohu8.com/S/WLTW\">威利斯韬睿惠悦有限公司</a>上周决定终止交易，这让风险套利投资者感到意外。</li><li>贝伦表示：“由于威利斯大厦造成的损失超出了几乎所有人的预期，它引发了事件驱动和套利投资者的一系列风险降低，从而自食其果。”</li><li>贝伦表示，他认为有许多价差“定价完全低效”，并且超出了应有的范围。例如，如果你看看Xilinx(XLNX)/AMD并认为中国可能会阻止这笔交易，那么Xilinx(XLNX)昨天的交易就好像没有下行空间一样。</li><li>贝伦说，中国“非常不透明，不可预测，执行风险水平显着上升”。</li><li>话虽如此，他补充道，“不应该有合法的反垄断理由来阻止这笔交易。”</li><li>此前，由于反垄断官员休假，中国不太可能在8月份批准交易。</li></ul></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>M&A investors flee deal stocks like AMD in perilous omen for merger arbitrageurs<blockquote>并购投资者逃离AMD等交易股票，这对并购套利者来说是一个危险的预兆</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; 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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\">\nM&A investors flee deal stocks like AMD in perilous omen for merger arbitrageurs<blockquote>并购投资者逃离AMD等交易股票，这对并购套利者来说是一个危险的预兆</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-08-06 13:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p><ul>  <li>Spreads of major deals such as <a href=\"https://laohu8.com/S/AMD\">AMD</a>'s&nbsp;purchase of <a href=\"https://laohu8.com/S/XLNX\">Xilinx</a> and <a href=\"https://laohu8.com/S/ADI\">Analog Devices</a> acquisition of <a href=\"https://laohu8.com/S/MXIM\">Maxim Integrated</a> narrowed after hitting some of widest ever yesterday since the deals were announced.</li>  <li>“I’ve never seen&nbsp;anything like it,\" Roy Behren, managing member and portfolio manager at Westchester Capital, said in an interview with Seeking Alpha last night. \"Maybe in March of 2020 with the COVID, other than that, you can tell people are just selling out of positions.\"</li>  <li>Behren is referring to last March when deal spreads severely widened during Covid when investors thought the pandemic could derail LVMH's purchase of Tiffany and AbbVie's acquisition of Allergan.</li>  <li>The Xilinx/AMD deal spread widened to about $65/share yesterday, or about 45%, though today it has narrowed to about $44, or 29%. AMD&nbsp;fell 5.4%&nbsp;today, while Xilinx&nbsp;climbed 4.4%.&nbsp;Spreads of&nbsp;deals that need Chinese approval&nbsp;yesterday widened as investors appeared to be de-risking on general concerns about China as well as U.S. antitrust deal risk.</li>  <li>\"The spreads in, for example, <a href=\"https://laohu8.com/S/XLNX\">Xilinx</a> and <a href=\"https://laohu8.com/S/MXIM\">Maxim Integrated</a> and <a href=\"https://laohu8.com/S/COHR\">Coherent</a> deals have gone to ridiculously wide levels,\" Behren said in a phone interview. \"It's not just risk off, it's people blowing out at whatever cost. I've got more red on my screen than I've ever seen in a long time.\"</li>  <li>Behren attributes the recent widening in deal spreads to <a href=\"https://laohu8.com/S/AON\">Aon PLC</a> and <a href=\"https://laohu8.com/S/WLTW\">Willis Towers Watson PLC</a>'s&nbsp;decision to&nbsp;terminate their deal last week,which caught risk arb investors by surprise.</li>  <li>\"As Willis Towers caused larger losses than almost everybody anticipated, it set off a cascade of risk reduction in event driven and arbitrage investors, which fed on itself,\" Behren said.</li>  <li>Behren said he believes that there are number of spreads that are \"completely inefficiently priced\" and wider than they should be. For example, if you look at Xilinx (XLNX)/AMD and believe that China may block the deal, Xilinx (XLNX) was trading yesterday as if there was no downside left.</li>  <li>China is \"very opaque, it's unpredictable and the level of execution risk has gone up significantly,\" Behren said.</li>  <li>That being said, he added, \"there should not be a legitimate antitrust reason for blocking this deal.\"</li>  <li>Earlier,China unlikely to clear deals in August as antitrust officials take vacations.</li> </ul></p><p><blockquote><ul><li>重大交易的利差，例如<a href=\"https://laohu8.com/S/AMD\">AMD</a>的购买<a href=\"https://laohu8.com/S/XLNX\">Xilinx</a>和<a href=\"https://laohu8.com/S/ADI\">ADI公司</a>收购<a href=\"https://laohu8.com/S/MXIM\">马克西姆集成</a>在昨天触及自交易宣布以来的最宽范围后有所收窄。</li><li>Westchester Capital的管理成员兼投资组合经理Roy Behren昨晚在接受Seeking Alpha采访时表示：“我从未见过这样的事情。也许在2020年3月，随着新冠疫情的爆发，除此之外，你可以看出人们只是在抛售头寸。”</li><li>Behren指的是去年3月，当时新冠疫情期间交易价差严重扩大，投资者认为疫情可能会破坏LVMH收购蒂芙尼和艾伯维收购艾尔建的交易。</li><li>Xilinx/AMD的交易价差昨天扩大至约65美元/股，或约45%，尽管今天已收窄至约44美元，或约29%。AMD今天下跌5.4%，赛灵思上涨4.4%。昨天需要中国批准的交易价差扩大，因为投资者似乎正在降低对中国以及美国反垄断交易风险的普遍担忧。</li><li>“例如，<a href=\"https://laohu8.com/S/XLNX\">Xilinx</a>和<a href=\"https://laohu8.com/S/MXIM\">马克西姆集成</a>和<a href=\"https://laohu8.com/S/COHR\">一致的</a>交易已经达到了荒谬的广泛水平，”贝伦在电话采访中说。“这不仅仅是风险规避，而是人们不惜一切代价爆发。我的屏幕上出现了很长一段时间以来从未见过的红色。”</li><li>贝伦将最近交易价差的扩大归因于<a href=\"https://laohu8.com/S/AON\">怡安PLC</a>和<a href=\"https://laohu8.com/S/WLTW\">威利斯韬睿惠悦有限公司</a>上周决定终止交易，这让风险套利投资者感到意外。</li><li>贝伦表示：“由于威利斯大厦造成的损失超出了几乎所有人的预期，它引发了事件驱动和套利投资者的一系列风险降低，从而自食其果。”</li><li>贝伦表示，他认为有许多价差“定价完全低效”，并且超出了应有的范围。例如，如果你看看Xilinx(XLNX)/AMD并认为中国可能会阻止这笔交易，那么Xilinx(XLNX)昨天的交易就好像没有下行空间一样。</li><li>贝伦说，中国“非常不透明，不可预测，执行风险水平显着上升”。</li><li>话虽如此，他补充道，“不应该有合法的反垄断理由来阻止这笔交易。”</li><li>此前，由于反垄断官员休假，中国不太可能在8月份批准交易。</li></ul></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3726315-deal-spreads-narrower-after-one-of-worst-days-ever-in-risk-arb-land\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MXIM":"美信集成","ADI":"亚德诺","AMD":"美国超微公司"},"source_url":"https://seekingalpha.com/news/3726315-deal-spreads-narrower-after-one-of-worst-days-ever-in-risk-arb-land","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166200134","content_text":"Spreads of major deals such as AMD's purchase of Xilinx and Analog Devices acquisition of Maxim Integrated narrowed after hitting some of widest ever yesterday since the deals were announced.\n“I’ve never seen anything like it,\" Roy Behren, managing member and portfolio manager at Westchester Capital, said in an interview with Seeking Alpha last night. \"Maybe in March of 2020 with the COVID, other than that, you can tell people are just selling out of positions.\"\nBehren is referring to last March when deal spreads severely widened during Covid when investors thought the pandemic could derail LVMH's purchase of Tiffany and AbbVie's acquisition of Allergan.\nThe Xilinx/AMD deal spread widened to about $65/share yesterday, or about 45%, though today it has narrowed to about $44, or 29%. AMD fell 5.4% today, while Xilinx climbed 4.4%. Spreads of deals that need Chinese approval yesterday widened as investors appeared to be de-risking on general concerns about China as well as U.S. antitrust deal risk.\n\"The spreads in, for example, Xilinx and Maxim Integrated and Coherent deals have gone to ridiculously wide levels,\" Behren said in a phone interview. \"It's not just risk off, it's people blowing out at whatever cost. I've got more red on my screen than I've ever seen in a long time.\"\nBehren attributes the recent widening in deal spreads to Aon PLC and Willis Towers Watson PLC's decision to terminate their deal last week,which caught risk arb investors by surprise.\n\"As Willis Towers caused larger losses than almost everybody anticipated, it set off a cascade of risk reduction in event driven and arbitrage investors, which fed on itself,\" Behren said.\nBehren said he believes that there are number of spreads that are \"completely inefficiently priced\" and wider than they should be. For example, if you look at Xilinx (XLNX)/AMD and believe that China may block the deal, Xilinx (XLNX) was trading yesterday as if there was no downside left.\nChina is \"very opaque, it's unpredictable and the level of execution risk has gone up significantly,\" Behren said.\nThat being said, he added, \"there should not be a legitimate antitrust reason for blocking this deal.\"\nEarlier,China unlikely to clear deals in August as antitrust officials take 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Thx","listText":"Please comment for coins. Thx","text":"Please comment for coins. Thx","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/386985207","repostId":"2110904027","repostType":4,"isVote":1,"tweetType":1,"viewCount":495,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803987793,"gmtCreate":1627401553812,"gmtModify":1633765334029,"author":{"id":"3571353151224967","authorId":"3571353151224967","name":"Paulie13","avatar":"https://static.tigerbbs.com/265f29263756a1465323c33d81deca23","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571353151224967","idStr":"3571353151224967"},"themes":[],"htmlText":"Aaa","listText":"Aaa","text":"Aaa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/803987793","repostId":"1108849761","repostType":4,"isVote":1,"tweetType":1,"viewCount":237,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":142760435,"gmtCreate":1626177474827,"gmtModify":1633929390648,"author":{"id":"3571353151224967","authorId":"3571353151224967","name":"Paulie13","avatar":"https://static.tigerbbs.com/265f29263756a1465323c33d81deca23","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571353151224967","idStr":"3571353151224967"},"themes":[],"htmlText":"Up up","listText":"Up up","text":"Up up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/142760435","repostId":"2151563412","repostType":4,"repost":{"id":"2151563412","kind":"highlight","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":1626175491,"share":"https://www.laohu8.com/m/news/2151563412?lang=zh_CN&edition=full","pubTime":"2021-07-13 19:24","market":"hk","language":"en","title":"Goldman Sachs Group Q2 EPS $15.02 Beats $10.23 Estimate<blockquote>高盛集团第二季度每股收益15.02美元，超出预期10.23美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2151563412","media":"Tiger Newspress","summary":"Goldman Sachs reported its second-quarter earnings before the bell on Tuesday.\nHere are the numbers:","content":"<p>Goldman Sachs&nbsp;reported its second-quarter earnings before the bell on Tuesday.</p><p><blockquote>高盛周二盘前公布了第二季度财报。</blockquote></p><p> Here are the numbers:</p><p><blockquote>以下是数字：</blockquote></p><p> <b>Earnings:</b>&nbsp;$15.02 per share vs. $10.24 expected by analysts polled by Refinitiv. A year ago, Goldman recorded an EPS of $6.26 (53 cents per share if accounted for costs related to the 1MDB settlement.)</p><p><blockquote><b>收益：</b>每股15.02美元，而Refinitiv调查的分析师预期为10.24美元。一年前，高盛的每股收益为6.26美元（如果考虑到与1MDB和解相关的成本，每股收益为53美分。）</blockquote></p><p> <b>Revenue:</b>&nbsp;$15.39 billion vs. $12.17 billion expected</p><p><blockquote><b>收入：</b>153.9亿美元，预期121.7亿美元</blockquote></p><p> Investment banking posted its second-highest revenue quarter ever with $3.61 billion, behind the first quarter of 2021, as a booming IPO market boosted Goldman's equity underwriting.</p><p><blockquote>投资银行业务公布了有史以来第二高的季度收入，达到36.1亿美元，仅次于2021年第一季度，因为蓬勃发展的IPO市场提振了高盛的股票承销。</blockquote></p><p> Last month, following the strong results of the Federal Reserve'sannual stress test,&nbsp;Goldman&nbsp;said it planned on boosting its dividend by 60% to $2 per share, subject to approval from the bank's board.</p><p><blockquote>上个月，在美联储年度压力测试取得强劲结果后，高盛表示计划将股息提高60%至每股2美元，但须获得银行董事会批准。</blockquote></p><p> For its first quarter of 2021, the New York-based bankblew past analysts' expectationswith record net profits and revenues on strong performance from the firm's investment banking and trading businesses, thanks to a rise in retail banking fueled by cheap consumer deposits.</p><p><blockquote>2021年第一季度，由于廉价消费者存款推动零售银行业务的增长，该公司投资银行和交易业务表现强劲，净利润和收入创历史新高，超出了分析师的预期。</blockquote></p><p> Of the six biggest U.S. banks, Goldman gets the largest share of its revenue from Wall Street activities including trading and investment banking.</p><p><blockquote>在美国六大银行中，高盛从包括交易和投资银行在内的华尔街活动中获得的收入份额最大。</blockquote></p><p> Shares of Goldman have risen 45% in 2021 on the back of the economic recovery from the Covid-19 pandemic.</p><p><blockquote>在经济从Covid-19大流行中复苏的背景下，高盛股价在2021年上涨了45%。</blockquote></p><p> Goldman Sachs&nbsp;shares&nbsp;rises&nbsp;0.7%&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>高盛股价在盘前交易中上涨0。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a40ec6831977fb2be9119f32e2df1b54\" tg-width=\"1260\" tg-height=\"618\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs Group Q2 EPS $15.02 Beats $10.23 Estimate<blockquote>高盛集团第二季度每股收益15.02美元，超出预期10.23美元</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; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs Group Q2 EPS $15.02 Beats $10.23 Estimate<blockquote>高盛集团第二季度每股收益15.02美元，超出预期10.23美元</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\">2021-07-13 19:24</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Goldman Sachs&nbsp;reported its second-quarter earnings before the bell on Tuesday.</p><p><blockquote>高盛周二盘前公布了第二季度财报。</blockquote></p><p> Here are the numbers:</p><p><blockquote>以下是数字：</blockquote></p><p> <b>Earnings:</b>&nbsp;$15.02 per share vs. $10.24 expected by analysts polled by Refinitiv. A year ago, Goldman recorded an EPS of $6.26 (53 cents per share if accounted for costs related to the 1MDB settlement.)</p><p><blockquote><b>收益：</b>每股15.02美元，而Refinitiv调查的分析师预期为10.24美元。一年前，高盛的每股收益为6.26美元（如果考虑到与1MDB和解相关的成本，每股收益为53美分。）</blockquote></p><p> <b>Revenue:</b>&nbsp;$15.39 billion vs. $12.17 billion expected</p><p><blockquote><b>收入：</b>153.9亿美元，预期121.7亿美元</blockquote></p><p> Investment banking posted its second-highest revenue quarter ever with $3.61 billion, behind the first quarter of 2021, as a booming IPO market boosted Goldman's equity underwriting.</p><p><blockquote>投资银行业务公布了有史以来第二高的季度收入，达到36.1亿美元，仅次于2021年第一季度，因为蓬勃发展的IPO市场提振了高盛的股票承销。</blockquote></p><p> Last month, following the strong results of the Federal Reserve'sannual stress test,&nbsp;Goldman&nbsp;said it planned on boosting its dividend by 60% to $2 per share, subject to approval from the bank's board.</p><p><blockquote>上个月，在美联储年度压力测试取得强劲结果后，高盛表示计划将股息提高60%至每股2美元，但须获得银行董事会批准。</blockquote></p><p> For its first quarter of 2021, the New York-based bankblew past analysts' expectationswith record net profits and revenues on strong performance from the firm's investment banking and trading businesses, thanks to a rise in retail banking fueled by cheap consumer deposits.</p><p><blockquote>2021年第一季度，由于廉价消费者存款推动零售银行业务的增长，该公司投资银行和交易业务表现强劲，净利润和收入创历史新高，超出了分析师的预期。</blockquote></p><p> Of the six biggest U.S. banks, Goldman gets the largest share of its revenue from Wall Street activities including trading and investment banking.</p><p><blockquote>在美国六大银行中，高盛从包括交易和投资银行在内的华尔街活动中获得的收入份额最大。</blockquote></p><p> Shares of Goldman have risen 45% in 2021 on the back of the economic recovery from the Covid-19 pandemic.</p><p><blockquote>在经济从Covid-19大流行中复苏的背景下，高盛股价在2021年上涨了45%。</blockquote></p><p> Goldman Sachs&nbsp;shares&nbsp;rises&nbsp;0.7%&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>高盛股价在盘前交易中上涨0。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a40ec6831977fb2be9119f32e2df1b54\" tg-width=\"1260\" tg-height=\"618\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QTWO":"Q2 Holdings Inc","GS":"高盛"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2151563412","content_text":"Goldman Sachs reported its second-quarter earnings before the bell on Tuesday.\nHere are the numbers:\nEarnings: $15.02 per share vs. $10.24 expected by analysts polled by Refinitiv. A year ago, Goldman recorded an EPS of $6.26 (53 cents per share if accounted for costs related to the 1MDB settlement.)\nRevenue: $15.39 billion vs. $12.17 billion expected\nInvestment banking posted its second-highest revenue quarter ever with $3.61 billion, behind the first quarter of 2021, as a booming IPO market boosted Goldman's equity underwriting.\nLast month, following the strong results of the Federal Reserve'sannual stress test, Goldman said it planned on boosting its dividend by 60% to $2 per share, subject to approval from the bank's board.\nFor its first quarter of 2021, the New York-based bankblew past analysts' expectationswith record net profits and revenues on strong performance from the firm's investment banking and trading businesses, thanks to a rise in retail banking fueled by cheap consumer deposits.\nOf the six biggest U.S. banks, Goldman gets the largest share of its revenue from Wall Street activities including trading and investment banking.\nShares of Goldman have risen 45% in 2021 on the back of the economic recovery from the Covid-19 pandemic.\nGoldman Sachs shares rises 0.7% in premarket trading.","news_type":1,"symbols_score_info":{"QTWO":0.9,"GS":0.9}},"isVote":1,"tweetType":1,"viewCount":336,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802399014,"gmtCreate":1627714442938,"gmtModify":1631893555002,"author":{"id":"3571353151224967","authorId":"3571353151224967","name":"Paulie13","avatar":"https://static.tigerbbs.com/265f29263756a1465323c33d81deca23","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571353151224967","idStr":"3571353151224967"},"themes":[],"htmlText":"Nonono","listText":"Nonono","text":"Nonono","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/802399014","repostId":"2155001152","repostType":4,"isVote":1,"tweetType":1,"viewCount":529,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349747545,"gmtCreate":1617647140587,"gmtModify":1634297348852,"author":{"id":"3571353151224967","authorId":"3571353151224967","name":"Paulie13","avatar":"https://static.tigerbbs.com/265f29263756a1465323c33d81deca23","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571353151224967","idStr":"3571353151224967"},"themes":[],"htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/349747545","repostId":"1123709980","repostType":4,"isVote":1,"tweetType":1,"viewCount":432,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355968259,"gmtCreate":1617024940071,"gmtModify":1634523077613,"author":{"id":"3571353151224967","authorId":"3571353151224967","name":"Paulie13","avatar":"https://static.tigerbbs.com/265f29263756a1465323c33d81deca23","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571353151224967","idStr":"3571353151224967"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/355968259","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.laohu8.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>由于保证金看涨期权溃败的影响继续显现，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被迫抛售的连锁反应，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%，收于32,934点附近；标普500开盘下跌16点，跌幅0.4%，收于3,958点附近。纳斯达克综合指数开盘下跌35点，跌幅0.3%，交投于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，债券收益率保持温和，10年期美国国债TMUBMUSD10Y, 1.662%下跌约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>由于周五保证金看涨期权下跌，银行股疲软，股指期货周一进一步下跌，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损失约160点。标普500期货和纳斯达克100期货也出现负值。</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和探索频道的股价在上周面临巨大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办公室Archegos Capital Management所持头寸强制平仓的打击。</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周一盘前交易中上涨超过4%，ViacomCBS上涨超过2%。在周五的抛售中，两家公司各下跌了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>其他方面，有消息称西南航空增加了100架波音737 Max喷气式飞机的订单，波音盘前上涨2.6%。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，期货总体表现为负面。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，该公司可能会受到打击，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>银行股打压道指，高盛跌超3%，摩根大通跌1.4%。本周初，政府债券收益率小幅走低，出现了疲软。</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Archegos暴跌的打击，但这种情况不太可能对大盘产生持久影响。</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在早间报告中表示：“虽然其他基金可能会陷入困境，但我们看不到这种特定的交易车祸最终如何通过交易对手违约在整个金融体系中蔓延。”然而，该公司确实警告说，投资者应该“习惯世界上的GMEs和Archegos，因为即使它们的影响得到控制，它们似乎也会更频繁地发生。”</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>周五，三大主要基准股指均升至盘中高点，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。纳斯达克综合指数收复了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，交易员正在为假期缩短的一周内波动加剧做好准备。最近债券收益率的快速上涨可能会让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指数分别上涨了6.9%和4.3%。然而，以科技股为主的纳斯达克本月下跌了0.4%，因为一些投资者在收益率上升的情况下买入了高科技股。</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，第一项涵盖基础设施，第二项涵盖健康和家庭护理。</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>“市场对这一基础设施/税收蓝图实现的可能性并不高，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热衷于在未来几个月内通过一些实质性法案，”Vital Knowledge创始人Adam Crisafulli在一份报告中表示。</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，但三月份就业报告仍定于当天上午发布。据道琼斯称，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>由于保证金看涨期权溃败的影响继续显现，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>由于保证金看涨期权溃败的影响继续显现，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被迫抛售的连锁反应，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%，收于32,934点附近；标普500开盘下跌16点，跌幅0.4%，收于3,958点附近。纳斯达克综合指数开盘下跌35点，跌幅0.3%，交投于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，债券收益率保持温和，10年期美国国债TMUBMUSD10Y, 1.662%下跌约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>由于周五保证金看涨期权下跌，银行股疲软，股指期货周一进一步下跌，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损失约160点。标普500期货和纳斯达克100期货也出现负值。</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和探索频道的股价在上周面临巨大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办公室Archegos Capital Management所持头寸强制平仓的打击。</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周一盘前交易中上涨超过4%，ViacomCBS上涨超过2%。在周五的抛售中，两家公司各下跌了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>其他方面，有消息称西南航空增加了100架波音737 Max喷气式飞机的订单，波音盘前上涨2.6%。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，期货总体表现为负面。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，该公司可能会受到打击，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>银行股打压道指，高盛跌超3%，摩根大通跌1.4%。本周初，政府债券收益率小幅走低，出现了疲软。</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Archegos暴跌的打击，但这种情况不太可能对大盘产生持久影响。</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在早间报告中表示：“虽然其他基金可能会陷入困境，但我们看不到这种特定的交易车祸最终如何通过交易对手违约在整个金融体系中蔓延。”然而，该公司确实警告说，投资者应该“习惯世界上的GMEs和Archegos，因为即使它们的影响得到控制，它们似乎也会更频繁地发生。”</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>周五，三大主要基准股指均升至盘中高点，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。纳斯达克综合指数收复了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，交易员正在为假期缩短的一周内波动加剧做好准备。最近债券收益率的快速上涨可能会让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指数分别上涨了6.9%和4.3%。然而，以科技股为主的纳斯达克本月下跌了0.4%，因为一些投资者在收益率上升的情况下买入了高科技股。</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，第一项涵盖基础设施，第二项涵盖健康和家庭护理。</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>“市场对这一基础设施/税收蓝图实现的可能性并不高，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热衷于在未来几个月内通过一些实质性法案，”Vital Knowledge创始人Adam Crisafulli在一份报告中表示。</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，但三月份就业报告仍定于当天上午发布。据道琼斯称，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":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯"},"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":{".IXIC":0.9,"SPY":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":409,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819583451,"gmtCreate":1630077217973,"gmtModify":1704955680977,"author":{"id":"3571353151224967","authorId":"3571353151224967","name":"Paulie13","avatar":"https://static.tigerbbs.com/265f29263756a1465323c33d81deca23","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571353151224967","idStr":"3571353151224967"},"themes":[],"htmlText":"Aaa","listText":"Aaa","text":"Aaa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/819583451","repostId":"1111790802","repostType":4,"isVote":1,"tweetType":1,"viewCount":1383,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":837279612,"gmtCreate":1629897435436,"gmtModify":1631890454445,"author":{"id":"3571353151224967","authorId":"3571353151224967","name":"Paulie13","avatar":"https://static.tigerbbs.com/265f29263756a1465323c33d81deca23","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571353151224967","idStr":"3571353151224967"},"themes":[],"htmlText":"Aaa","listText":"Aaa","text":"Aaa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/837279612","repostId":"1179982896","repostType":4,"repost":{"id":"1179982896","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":1629893760,"share":"https://www.laohu8.com/m/news/1179982896?lang=zh_CN&edition=full","pubTime":"2021-08-25 20:16","market":"us","language":"en","title":"Toplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1179982896","media":"Tiger Newspress","summary":"U.S. stock index futures were steady on Wednesday after another record close for the S&P 500 and the","content":"<p>U.S. stock index futures were steady on Wednesday after another record close for the S&amp;P 500 and the Nasdaq, while investors watched progress in the government's multi-trillion-dollar investment plans.</p><p><blockquote>美国股指期货周三持稳，此前标普500和纳斯达克收盘再创历史新高，投资者关注政府数万亿美元投资计划的进展。</blockquote></p><p> At 7:55 a.m. ET, Dow e-minis were down 3 points, or 0.07%, S&amp;P 500 e-minis were down 12 points, or 0.03%, and Nasdaq 100 e-minis were down 14.50 points, or 0.09%.</p><p><blockquote>截至美国东部时间上午7:55，道指e-mini下跌3点，跌幅0.07%，标普500 e-mini下跌12点，跌幅0.03%，纳斯达克100 e-mini下跌14.50点，跌幅0.09%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9af471a9313fe339e69031eb18ce40e2\" tg-width=\"1080\" tg-height=\"380\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Major Wall Street lenders were mixed, while industrials including Caterpillar Inc&nbsp;and 3M Co&nbsp;inched up about 0.3% after the Democratic-controlled U.S. House of Representatives approved a $3.5 trillion budget framework and agreed to vote by Sept. 27 on a $1 trillion Senate-passed infrastructure bill.</p><p><blockquote>在民主党控制的美国众议院批准了3.5万亿美元的预算框架并同意在9月27日之前就参议院1万亿美元的预算框架进行投票后，华尔街主要银行涨跌互现，而卡特彼勒公司和3M公司等工业股小幅上涨约0.3%-通过了基础设施法案。</blockquote></p><p> Shares of several retail trading darlings, including Express, AMC Entertainment&nbsp;and Koss Corp, rose between 1.4% and 8.4%, a day after dealing over $1 billion in losses to short sellers in late heavy volume trading on no apparent news.</p><p><blockquote>包括Express、AMC院线和Koss Corp在内的几家零售交易宠儿的股价上涨了1.4%至8.4%，一天前，在没有明显消息的情况下，在尾盘放量交易中，卖空者损失了超过10亿美元。</blockquote></p><p> Focus is now on the Federal Reserve's annual economic symposium at Jackson Hole on Friday for views on when the central bank will start tapering its massive asset purchases program.</p><p><blockquote>现在的焦点是美联储周五在杰克逊霍尔举行的年度经济研讨会，就美联储何时开始缩减大规模资产购买计划发表意见。</blockquote></p><p> <b>Stocks making the biggest moves premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> TSMC(TSM)&nbsp;–&nbsp;Shares of Taiwan Semiconductor Manufacturing Co. rose 2.7%&nbsp;in premarket trading after local media reported that the world's largest contract chipmaker will raise product prices due to a global supply shortage, dealers said.</p><p><blockquote>台积电(TSM)——经销商表示，当地媒体报道称，由于全球供应短缺，全球最大的代工芯片制造商将提高产品价格，台积电公司股价在盘前交易中上涨2.7%。</blockquote></p><p> Dick’s Sporting Goods(DKS) – The sporting goods retailer’s shares jumped 11.4% in the premarket, as its quarterly earnings beat estimates. The company also announced a $5.50 per share special dividend and a 21% increase in its quarterly dividend. Dick’s earned an adjusted $5.08 per share for its latest quarter, beating the consensus estimate of $2.80.</p><p><blockquote>迪克体育用品(DKS)——这家体育用品零售商的股价在盘前上涨11.4%，其季度收益超出预期。该公司还宣布派发每股5.50美元的特别股息，并将季度股息增加21%。Dick's最近一个季度调整后每股收益为5.08美元，超出市场普遍预期的2.80美元。</blockquote></p><p> Johnson &amp; Johnson(JNJ) – Johnson &amp; Johnson said study data supports the benefits of a booster shot for recipients of its Covid-19 vaccine. The dose sharply increased levels of antibodies in two early-stage trials.</p><p><blockquote>强生公司（JNJ）——强生公司表示，研究数据支持加强注射对其新冠肺炎疫苗接种者的好处。在两项早期试验中，该剂量急剧增加了抗体水平。</blockquote></p><p> Express(EXPR) – Shares of the apparel retailer rallied 5.2% in the premarket after the company reported an unexpected profit for its latest quarter. Express earned 2 cents per share, compared with forecasts of a 30 cents per share loss, and revenue also came in above analyst forecasts.</p><p><blockquote>Express(EXPR)——这家服装零售商公布最新季度意外盈利后，其股价在盘前上涨5.2%。Express每股盈利2美分，而预期每股亏损30美分，收入也高于分析师预期。</blockquote></p><p> Shoe Carnival(SCVL) – The shoe retailer reported a quarterly profit of $1.54 per share, more than double the 75 cent consensus estimate, with revenue also exceeding Wall Street forecasts and comparable sales rising 11.4%. Shoe Carnival gained 2.2% in the premarket.</p><p><blockquote>Shoe Carnival(SCVL)——这家鞋类零售商公布季度利润为每股1.54美元，是市场普遍预期75美分的两倍多，收入也超过了华尔街的预测，可比销售额增长了11.4%。Shoe Carnival盘前上涨2.2%。</blockquote></p><p> Cassava Biosciences(SAVA) – The biotechnology company said claims posted online late yesterday challenging its scientific integrity are false and misleading. The issue revolved around study data for an Alzheimer’s disease treatment. Cassava released a statement refuting each of 15 claims that the company calls “fiction.” Cassava tumbled 22.6% in the premarket.</p><p><blockquote>木薯生物科学公司（SAVA）——这家生物技术公司表示，昨天晚些时候在网上发布的挑战其科学诚信的说法是虚假和误导的。这个问题围绕着阿尔茨海默病治疗的研究数据。Cassava发布了一份声明，驳斥了该公司评级“虚构”的15项指控。木薯盘前下跌22.6%。</blockquote></p><p> Urban Outfitters(URBN) – Urban Outfitters earned $1.28 per share for its latest quarter, beating the 77 cents consensus estimate. The apparel retailer’s revenue was also above forecasts. Urban Outfitters benefited from a sizeable increase in digital sales compared with pre-pandemic levels. However, the company also mentioned that it is dealing with supply chain issues, and its shares lost 5.2% in premarket trading.</p><p><blockquote>Urban Outfitters(URBN)——Urban Outfitters最近一个季度的每股收益为1.28美元，超过了77美分的普遍预期。该服装零售商的收入也高于预期。与大流行前的水平相比，Urban Outfitters受益于数字销售额的大幅增长。不过，该公司也提到正在处理供应链问题，其股价在盘前交易中下跌5.2%。</blockquote></p><p> Nordstrom(JWN) – Nordstrom tumbled 11.5% in premarket trading after its quarterly report showed revenue for its latest quarter was still below pre-pandemic levels. The department store operator did beat the 27 cents estimate for its latest quarter with earnings of 49 cents per share, and revenue above forecasts. Nordstrom raised its full-year outlook as well.</p><p><blockquote>Nordstrom(JWN)——Nordstrom的季度报告显示其最新季度的收入仍低于大流行前的水平，该公司在盘前交易中下跌11.5%。这家百货商店运营商最近一个季度的每股收益为49美分，收入也高于预期，超出了27美分的预期。诺德斯特龙也上调了全年预期。</blockquote></p><p> Toll Brothers(TOL) – Toll Brothers reported quarterly earnings of $1.87 per share, 32 cents above the consensus estimate, with the luxury home builder’s revenue essentially in line with Wall Street forecasts. Low overall inventories in the housing market and low mortgage rates helped boost the company’s results. Toll Brothers gained 1.9% in premarket action.</p><p><blockquote>Toll Brothers(TOL)——Toll Brothers公布季度收益为每股1.87美元，比市场普遍预期高出32美分，这家豪华住宅建筑商的收入基本符合华尔街的预测。房地产市场整体库存较低和抵押贷款利率较低有助于提振公司业绩。Toll Brothers在盘前上涨1.9%。</blockquote></p><p> Intuit(INTU) – Intuit beat estimates by 38 cents with adjusted quarterly earnings of $1.97, while the financial software company’s revenue topped estimates. The maker of TurboTax also issued an upbeat outlook, raised its dividend and boosted its stock buyback program. The stock added 2.4% in the premarket.</p><p><blockquote>Intuit(INTU)-Intuit调整后季度收益为1.97美元，超出预期38美分，而这家金融软件公司的收入超出预期。TurboTax制造商还发布了乐观的前景，提高了股息并加强了股票回购计划。该股盘前上涨2.4%。</blockquote></p><p> Meme Stocks – So-called “meme” stocks remain on watch after late Tuesday rallies.AMC Entertainment,Koss,Robinhood and&nbsp;ContextLogic all surged despite a lack of news on any of those companies. Koss rose 1.7% in the premarket, AMC jumped 2.6%,GameStop&nbsp;fell&nbsp;1.6%&nbsp;and Robinhood fell 0.1%.</p><p><blockquote>Meme股票——所谓的“Meme”股票在周二晚间上涨后仍受到关注。AMC Entertainment、Koss、Robinhood和ContextLogic均大幅上涨，尽管缺乏有关这些公司的消息。Koss盘前上涨1.7%，AMC上涨2.6%，游戏驿站下跌1.6%，Robinhood下跌0.1%。</blockquote></p><p></p><p> Campbell Soup(CPB) – Campbell Soup was downgraded to “neutral” from “overweight” at Piper Sandler, which cited increasing commodity costs among other factors. Campbell shares slid 1.4% in premarket trading.</p><p><blockquote>金宝汤(CPB)——Piper Sandler将金宝汤的评级从“跑赢大盘”下调至“中性”，理由是大宗商品成本上涨等因素。金宝汤股价在盘前交易中下跌1.4%。</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>Toplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</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; 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}\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\">\nToplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-08-25 20:16</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stock index futures were steady on Wednesday after another record close for the S&amp;P 500 and the Nasdaq, while investors watched progress in the government's multi-trillion-dollar investment plans.</p><p><blockquote>美国股指期货周三持稳，此前标普500和纳斯达克收盘再创历史新高，投资者关注政府数万亿美元投资计划的进展。</blockquote></p><p> At 7:55 a.m. ET, Dow e-minis were down 3 points, or 0.07%, S&amp;P 500 e-minis were down 12 points, or 0.03%, and Nasdaq 100 e-minis were down 14.50 points, or 0.09%.</p><p><blockquote>截至美国东部时间上午7:55，道指e-mini下跌3点，跌幅0.07%，标普500 e-mini下跌12点，跌幅0.03%，纳斯达克100 e-mini下跌14.50点，跌幅0.09%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9af471a9313fe339e69031eb18ce40e2\" tg-width=\"1080\" tg-height=\"380\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Major Wall Street lenders were mixed, while industrials including Caterpillar Inc&nbsp;and 3M Co&nbsp;inched up about 0.3% after the Democratic-controlled U.S. House of Representatives approved a $3.5 trillion budget framework and agreed to vote by Sept. 27 on a $1 trillion Senate-passed infrastructure bill.</p><p><blockquote>在民主党控制的美国众议院批准了3.5万亿美元的预算框架并同意在9月27日之前就参议院1万亿美元的预算框架进行投票后，华尔街主要银行涨跌互现，而卡特彼勒公司和3M公司等工业股小幅上涨约0.3%-通过了基础设施法案。</blockquote></p><p> Shares of several retail trading darlings, including Express, AMC Entertainment&nbsp;and Koss Corp, rose between 1.4% and 8.4%, a day after dealing over $1 billion in losses to short sellers in late heavy volume trading on no apparent news.</p><p><blockquote>包括Express、AMC院线和Koss Corp在内的几家零售交易宠儿的股价上涨了1.4%至8.4%，一天前，在没有明显消息的情况下，在尾盘放量交易中，卖空者损失了超过10亿美元。</blockquote></p><p> Focus is now on the Federal Reserve's annual economic symposium at Jackson Hole on Friday for views on when the central bank will start tapering its massive asset purchases program.</p><p><blockquote>现在的焦点是美联储周五在杰克逊霍尔举行的年度经济研讨会，就美联储何时开始缩减大规模资产购买计划发表意见。</blockquote></p><p> <b>Stocks making the biggest moves premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> TSMC(TSM)&nbsp;–&nbsp;Shares of Taiwan Semiconductor Manufacturing Co. rose 2.7%&nbsp;in premarket trading after local media reported that the world's largest contract chipmaker will raise product prices due to a global supply shortage, dealers said.</p><p><blockquote>台积电(TSM)——经销商表示，当地媒体报道称，由于全球供应短缺，全球最大的代工芯片制造商将提高产品价格，台积电公司股价在盘前交易中上涨2.7%。</blockquote></p><p> Dick’s Sporting Goods(DKS) – The sporting goods retailer’s shares jumped 11.4% in the premarket, as its quarterly earnings beat estimates. The company also announced a $5.50 per share special dividend and a 21% increase in its quarterly dividend. Dick’s earned an adjusted $5.08 per share for its latest quarter, beating the consensus estimate of $2.80.</p><p><blockquote>迪克体育用品(DKS)——这家体育用品零售商的股价在盘前上涨11.4%，其季度收益超出预期。该公司还宣布派发每股5.50美元的特别股息，并将季度股息增加21%。Dick's最近一个季度调整后每股收益为5.08美元，超出市场普遍预期的2.80美元。</blockquote></p><p> Johnson &amp; Johnson(JNJ) – Johnson &amp; Johnson said study data supports the benefits of a booster shot for recipients of its Covid-19 vaccine. The dose sharply increased levels of antibodies in two early-stage trials.</p><p><blockquote>强生公司（JNJ）——强生公司表示，研究数据支持加强注射对其新冠肺炎疫苗接种者的好处。在两项早期试验中，该剂量急剧增加了抗体水平。</blockquote></p><p> Express(EXPR) – Shares of the apparel retailer rallied 5.2% in the premarket after the company reported an unexpected profit for its latest quarter. Express earned 2 cents per share, compared with forecasts of a 30 cents per share loss, and revenue also came in above analyst forecasts.</p><p><blockquote>Express(EXPR)——这家服装零售商公布最新季度意外盈利后，其股价在盘前上涨5.2%。Express每股盈利2美分，而预期每股亏损30美分，收入也高于分析师预期。</blockquote></p><p> Shoe Carnival(SCVL) – The shoe retailer reported a quarterly profit of $1.54 per share, more than double the 75 cent consensus estimate, with revenue also exceeding Wall Street forecasts and comparable sales rising 11.4%. Shoe Carnival gained 2.2% in the premarket.</p><p><blockquote>Shoe Carnival(SCVL)——这家鞋类零售商公布季度利润为每股1.54美元，是市场普遍预期75美分的两倍多，收入也超过了华尔街的预测，可比销售额增长了11.4%。Shoe Carnival盘前上涨2.2%。</blockquote></p><p> Cassava Biosciences(SAVA) – The biotechnology company said claims posted online late yesterday challenging its scientific integrity are false and misleading. The issue revolved around study data for an Alzheimer’s disease treatment. Cassava released a statement refuting each of 15 claims that the company calls “fiction.” Cassava tumbled 22.6% in the premarket.</p><p><blockquote>木薯生物科学公司（SAVA）——这家生物技术公司表示，昨天晚些时候在网上发布的挑战其科学诚信的说法是虚假和误导的。这个问题围绕着阿尔茨海默病治疗的研究数据。Cassava发布了一份声明，驳斥了该公司评级“虚构”的15项指控。木薯盘前下跌22.6%。</blockquote></p><p> Urban Outfitters(URBN) – Urban Outfitters earned $1.28 per share for its latest quarter, beating the 77 cents consensus estimate. The apparel retailer’s revenue was also above forecasts. Urban Outfitters benefited from a sizeable increase in digital sales compared with pre-pandemic levels. However, the company also mentioned that it is dealing with supply chain issues, and its shares lost 5.2% in premarket trading.</p><p><blockquote>Urban Outfitters(URBN)——Urban Outfitters最近一个季度的每股收益为1.28美元，超过了77美分的普遍预期。该服装零售商的收入也高于预期。与大流行前的水平相比，Urban Outfitters受益于数字销售额的大幅增长。不过，该公司也提到正在处理供应链问题，其股价在盘前交易中下跌5.2%。</blockquote></p><p> Nordstrom(JWN) – Nordstrom tumbled 11.5% in premarket trading after its quarterly report showed revenue for its latest quarter was still below pre-pandemic levels. The department store operator did beat the 27 cents estimate for its latest quarter with earnings of 49 cents per share, and revenue above forecasts. Nordstrom raised its full-year outlook as well.</p><p><blockquote>Nordstrom(JWN)——Nordstrom的季度报告显示其最新季度的收入仍低于大流行前的水平，该公司在盘前交易中下跌11.5%。这家百货商店运营商最近一个季度的每股收益为49美分，收入也高于预期，超出了27美分的预期。诺德斯特龙也上调了全年预期。</blockquote></p><p> Toll Brothers(TOL) – Toll Brothers reported quarterly earnings of $1.87 per share, 32 cents above the consensus estimate, with the luxury home builder’s revenue essentially in line with Wall Street forecasts. Low overall inventories in the housing market and low mortgage rates helped boost the company’s results. Toll Brothers gained 1.9% in premarket action.</p><p><blockquote>Toll Brothers(TOL)——Toll Brothers公布季度收益为每股1.87美元，比市场普遍预期高出32美分，这家豪华住宅建筑商的收入基本符合华尔街的预测。房地产市场整体库存较低和抵押贷款利率较低有助于提振公司业绩。Toll Brothers在盘前上涨1.9%。</blockquote></p><p> Intuit(INTU) – Intuit beat estimates by 38 cents with adjusted quarterly earnings of $1.97, while the financial software company’s revenue topped estimates. The maker of TurboTax also issued an upbeat outlook, raised its dividend and boosted its stock buyback program. The stock added 2.4% in the premarket.</p><p><blockquote>Intuit(INTU)-Intuit调整后季度收益为1.97美元，超出预期38美分，而这家金融软件公司的收入超出预期。TurboTax制造商还发布了乐观的前景，提高了股息并加强了股票回购计划。该股盘前上涨2.4%。</blockquote></p><p> Meme Stocks – So-called “meme” stocks remain on watch after late Tuesday rallies.AMC Entertainment,Koss,Robinhood and&nbsp;ContextLogic all surged despite a lack of news on any of those companies. Koss rose 1.7% in the premarket, AMC jumped 2.6%,GameStop&nbsp;fell&nbsp;1.6%&nbsp;and Robinhood fell 0.1%.</p><p><blockquote>Meme股票——所谓的“Meme”股票在周二晚间上涨后仍受到关注。AMC Entertainment、Koss、Robinhood和ContextLogic均大幅上涨，尽管缺乏有关这些公司的消息。Koss盘前上涨1.7%，AMC上涨2.6%，游戏驿站下跌1.6%，Robinhood下跌0.1%。</blockquote></p><p></p><p> Campbell Soup(CPB) – Campbell Soup was downgraded to “neutral” from “overweight” at Piper Sandler, which cited increasing commodity costs among other factors. Campbell shares slid 1.4% in premarket trading.</p><p><blockquote>金宝汤(CPB)——Piper Sandler将金宝汤的评级从“跑赢大盘”下调至“中性”，理由是大宗商品成本上涨等因素。金宝汤股价在盘前交易中下跌1.4%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SCVL":"Shoe Carnival","URBN":"都市服饰","JWN":"诺德斯特龙","HOOD":"Robinhood","TOL":"托尔兄弟","KOSS":"高斯电子",".DJI":"道琼斯","JNJ":"强生","TSM":"台积电",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SAVA":"Cassava Sciences Inc","GME":"游戏驿站","AMC":"AMC院线","DKS":"迪克体育用品","EXPR":"Express, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179982896","content_text":"U.S. stock index futures were steady on Wednesday after another record close for the S&P 500 and the Nasdaq, while investors watched progress in the government's multi-trillion-dollar investment plans.\nAt 7:55 a.m. ET, Dow e-minis were down 3 points, or 0.07%, S&P 500 e-minis were down 12 points, or 0.03%, and Nasdaq 100 e-minis were down 14.50 points, or 0.09%.\n\nMajor Wall Street lenders were mixed, while industrials including Caterpillar Inc and 3M Co inched up about 0.3% after the Democratic-controlled U.S. House of Representatives approved a $3.5 trillion budget framework and agreed to vote by Sept. 27 on a $1 trillion Senate-passed infrastructure bill.\nShares of several retail trading darlings, including Express, AMC Entertainment and Koss Corp, rose between 1.4% and 8.4%, a day after dealing over $1 billion in losses to short sellers in late heavy volume trading on no apparent news.\nFocus is now on the Federal Reserve's annual economic symposium at Jackson Hole on Friday for views on when the central bank will start tapering its massive asset purchases program.\nStocks making the biggest moves premarket:\nTSMC(TSM) – Shares of Taiwan Semiconductor Manufacturing Co. rose 2.7% in premarket trading after local media reported that the world's largest contract chipmaker will raise product prices due to a global supply shortage, dealers said.\nDick’s Sporting Goods(DKS) – The sporting goods retailer’s shares jumped 11.4% in the premarket, as its quarterly earnings beat estimates. The company also announced a $5.50 per share special dividend and a 21% increase in its quarterly dividend. Dick’s earned an adjusted $5.08 per share for its latest quarter, beating the consensus estimate of $2.80.\nJohnson & Johnson(JNJ) – Johnson & Johnson said study data supports the benefits of a booster shot for recipients of its Covid-19 vaccine. The dose sharply increased levels of antibodies in two early-stage trials.\nExpress(EXPR) – Shares of the apparel retailer rallied 5.2% in the premarket after the company reported an unexpected profit for its latest quarter. Express earned 2 cents per share, compared with forecasts of a 30 cents per share loss, and revenue also came in above analyst forecasts.\nShoe Carnival(SCVL) – The shoe retailer reported a quarterly profit of $1.54 per share, more than double the 75 cent consensus estimate, with revenue also exceeding Wall Street forecasts and comparable sales rising 11.4%. Shoe Carnival gained 2.2% in the premarket.\nCassava Biosciences(SAVA) – The biotechnology company said claims posted online late yesterday challenging its scientific integrity are false and misleading. The issue revolved around study data for an Alzheimer’s disease treatment. Cassava released a statement refuting each of 15 claims that the company calls “fiction.” Cassava tumbled 22.6% in the premarket.\nUrban Outfitters(URBN) – Urban Outfitters earned $1.28 per share for its latest quarter, beating the 77 cents consensus estimate. The apparel retailer’s revenue was also above forecasts. Urban Outfitters benefited from a sizeable increase in digital sales compared with pre-pandemic levels. However, the company also mentioned that it is dealing with supply chain issues, and its shares lost 5.2% in premarket trading.\nNordstrom(JWN) – Nordstrom tumbled 11.5% in premarket trading after its quarterly report showed revenue for its latest quarter was still below pre-pandemic levels. The department store operator did beat the 27 cents estimate for its latest quarter with earnings of 49 cents per share, and revenue above forecasts. Nordstrom raised its full-year outlook as well.\nToll Brothers(TOL) – Toll Brothers reported quarterly earnings of $1.87 per share, 32 cents above the consensus estimate, with the luxury home builder’s revenue essentially in line with Wall Street forecasts. Low overall inventories in the housing market and low mortgage rates helped boost the company’s results. Toll Brothers gained 1.9% in premarket action.\nIntuit(INTU) – Intuit beat estimates by 38 cents with adjusted quarterly earnings of $1.97, while the financial software company’s revenue topped estimates. The maker of TurboTax also issued an upbeat outlook, raised its dividend and boosted its stock buyback program. The stock added 2.4% in the premarket.\nMeme Stocks – So-called “meme” stocks remain on watch after late Tuesday rallies.AMC Entertainment,Koss,Robinhood and ContextLogic all surged despite a lack of news on any of those companies. Koss rose 1.7% in the premarket, AMC jumped 2.6%,GameStop fell 1.6% and Robinhood fell 0.1%.\nCampbell Soup(CPB) – Campbell Soup was downgraded to “neutral” from “overweight” at Piper Sandler, which cited increasing commodity costs among other factors. Campbell shares slid 1.4% in premarket trading.","news_type":1,"symbols_score_info":{"ESmain":0.9,"JWN":0.9,".SPX":0.9,"NQmain":0.9,"JNJ":0.9,"SAVA":0.9,".IXIC":0.9,"HOOD":0.9,"GME":0.9,".DJI":0.9,"AMC":0.9,"EXPR":0.9,"KOSS":0.9,"TOL":0.9,"TSM":0.9,"WISH":0.9,"DKS":0.9,"SCVL":0.9,"URBN":0.9,"YMmain":0.9}},"isVote":1,"tweetType":1,"viewCount":1331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189068192,"gmtCreate":1623233481316,"gmtModify":1634035548795,"author":{"id":"3571353151224967","authorId":"3571353151224967","name":"Paulie13","avatar":"https://static.tigerbbs.com/265f29263756a1465323c33d81deca23","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571353151224967","idStr":"3571353151224967"},"themes":[],"htmlText":"Hey yoo","listText":"Hey yoo","text":"Hey yoo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/189068192","repostId":"1154263782","repostType":4,"isVote":1,"tweetType":1,"viewCount":269,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370136021,"gmtCreate":1618561371863,"gmtModify":1634292075280,"author":{"id":"3571353151224967","authorId":"3571353151224967","name":"Paulie13","avatar":"https://static.tigerbbs.com/265f29263756a1465323c33d81deca23","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571353151224967","idStr":"3571353151224967"},"themes":[],"htmlText":"Like&nbsp;and comment please","listText":"Like&nbsp;and comment please","text":"Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/370136021","repostId":"2127769500","repostType":4,"isVote":1,"tweetType":1,"viewCount":411,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343187574,"gmtCreate":1617690913098,"gmtModify":1634297084181,"author":{"id":"3571353151224967","authorId":"3571353151224967","name":"Paulie13","avatar":"https://static.tigerbbs.com/265f29263756a1465323c33d81deca23","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571353151224967","idStr":"3571353151224967"},"themes":[],"htmlText":"Like and comment please&nbsp;","listText":"Like and comment please&nbsp;","text":"Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/343187574","repostId":"1101907559","repostType":4,"repost":{"id":"1101907559","kind":"news","pubTimestamp":1617672655,"share":"https://www.laohu8.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可能准时出现</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，没有人能肯定地说，所谓的家族办公室数十亿美元的投资损失不会蔓延。</b>金融危机从来都不完全一样。20世纪80年代末，美国近三分之一的储蓄和贷款协会倒闭，最终获得了约2650亿美元的纳税人救助（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，亚洲和俄国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。它的影响力和运营实践如此之大，以至于美联储主席艾伦·格林斯潘说，当LTCM失败时，“他一生中从未见过任何与他所感受到的恐怖相比的事情”。LTCM被认为“太大而不能倒”，他策划了对14家美国主要金融机构的救助。</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，其中一些机构的过度杠杆化，以及美国房地产泡沫的破裂，导致美国金融体系几近崩溃。大银行再一次被认为太大而不能倒，纳税人前来救援。</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的爆发，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>对于外行人来说，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个家族理财室，但市场研究公司Campden Research的另一项估计称，管理家族理财室的规模接近6万亿美元。鉴于这6万亿美元是基于2019年的数据，现在可能要高得多。</blockquote></p><p> <b>Unregulated money managers</b></p><p><blockquote><b>不受监管的基金经理</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>这是潜在的危险。家族理财室通常不受监管。1940年《投资顾问法》规定，拥有15名或更少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正在发挥作用，没有人能真正说出谁在管理这笔钱，它投资于什么，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。该公司大举押注某些中国股票，包括电子商务公司唯品会控股有限公司VIPS，-1.19%，在美国上市的中国家教公司跟谁学GSX，-10.63%，以及美国媒体公司维亚康姆哥伦比亚广播公司VIAC，-3.90%和Discovery Inc.DISCA，-3.86%等。最近股价暴跌，引发Archegos的大量抛售（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与华尔街的一些大牌合作，包括瑞士信贷集团AGCS，+1.59%，瑞银集团AGUBS，+1.01%，高盛集团Inc.GS，-1.25%，摩根士丹利MS，-0.28%，德意志银行AGDB，+0.74%，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>但由于家族办公室在很大程度上被允许不受监管地运营，谁能说这里真正涉及多少资金以及市场风险有多大？我的同事Mark DeCambre上周报告称，Archegos对不良交易的真实敞口实际上可能接近1000亿美元。</blockquote></p><p> <b>Danger of counterparty risk</b></p><p><blockquote><b>交易对手风险的危险性</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用武之地。随着Archegos的赌注落空，上述银行考虑到自己的损失，以保证金评级打击了该公司。德意志银行迅速抛售了约40亿美元的持股，而高盛和摩根士丹利据说也已平仓，这或许限制了它们的下跌空间。</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？似乎不是。即便如此，美国证券交易委员会还是对Archegos及其创始人Bill Hwang展开了初步调查。</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>Fundstrat Global Advisors的研究主管Tom Lee是他认识的“十大最佳投资头脑”之一的评级·黄。</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，黄禹锡的前对冲基金老虎亚洲管理公司(Tiger Asia Management)认罪并支付了超过6000万美元的罚款，此前该公司被指控利用有关中国银行的非法线索进行交易。美国证券交易委员会禁止黄禹锡代表客户管理资金——实质上是将他踢出对冲基金行业。因此，Hwang开设了Archegos，同样，家族理财室通常不受监管。</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·耶伦的关注。她上周表示，需要加强对金融业这些私人角落的监管。她监管的金融稳定监督委员会（FSOC）重新成立了一个工作组，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（Abe Lincoln）的话，家族办公室——一个价值数万亿美元的行业，在一个比以往任何时候都更加交织在一起的全球金融体系中，很大程度上被允许在阴影中运作——属于超级富豪，由超级富豪经营，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的倒闭可能是也可能不是另一场金融危机的开始。但谁能说其他数千家家族理财室正在用他们的数万亿美元做什么，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可能准时出现</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可能准时出现</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，没有人能肯定地说，所谓的家族办公室数十亿美元的投资损失不会蔓延。</b>金融危机从来都不完全一样。20世纪80年代末，美国近三分之一的储蓄和贷款协会倒闭，最终获得了约2650亿美元的纳税人救助（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，亚洲和俄国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。它的影响力和运营实践如此之大，以至于美联储主席艾伦·格林斯潘说，当LTCM失败时，“他一生中从未见过任何与他所感受到的恐怖相比的事情”。LTCM被认为“太大而不能倒”，他策划了对14家美国主要金融机构的救助。</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，其中一些机构的过度杠杆化，以及美国房地产泡沫的破裂，导致美国金融体系几近崩溃。大银行再一次被认为太大而不能倒，纳税人前来救援。</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的爆发，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>对于外行人来说，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个家族理财室，但市场研究公司Campden Research的另一项估计称，管理家族理财室的规模接近6万亿美元。鉴于这6万亿美元是基于2019年的数据，现在可能要高得多。</blockquote></p><p> <b>Unregulated money managers</b></p><p><blockquote><b>不受监管的基金经理</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>这是潜在的危险。家族理财室通常不受监管。1940年《投资顾问法》规定，拥有15名或更少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正在发挥作用，没有人能真正说出谁在管理这笔钱，它投资于什么，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。该公司大举押注某些中国股票，包括电子商务公司唯品会控股有限公司VIPS，-1.19%，在美国上市的中国家教公司跟谁学GSX，-10.63%，以及美国媒体公司维亚康姆哥伦比亚广播公司VIAC，-3.90%和Discovery Inc.DISCA，-3.86%等。最近股价暴跌，引发Archegos的大量抛售（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与华尔街的一些大牌合作，包括瑞士信贷集团AGCS，+1.59%，瑞银集团AGUBS，+1.01%，高盛集团Inc.GS，-1.25%，摩根士丹利MS，-0.28%，德意志银行AGDB，+0.74%，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>但由于家族办公室在很大程度上被允许不受监管地运营，谁能说这里真正涉及多少资金以及市场风险有多大？我的同事Mark DeCambre上周报告称，Archegos对不良交易的真实敞口实际上可能接近1000亿美元。</blockquote></p><p> <b>Danger of counterparty risk</b></p><p><blockquote><b>交易对手风险的危险性</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用武之地。随着Archegos的赌注落空，上述银行考虑到自己的损失，以保证金评级打击了该公司。德意志银行迅速抛售了约40亿美元的持股，而高盛和摩根士丹利据说也已平仓，这或许限制了它们的下跌空间。</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？似乎不是。即便如此，美国证券交易委员会还是对Archegos及其创始人Bill Hwang展开了初步调查。</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>Fundstrat Global Advisors的研究主管Tom Lee是他认识的“十大最佳投资头脑”之一的评级·黄。</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，黄禹锡的前对冲基金老虎亚洲管理公司(Tiger Asia Management)认罪并支付了超过6000万美元的罚款，此前该公司被指控利用有关中国银行的非法线索进行交易。美国证券交易委员会禁止黄禹锡代表客户管理资金——实质上是将他踢出对冲基金行业。因此，Hwang开设了Archegos，同样，家族理财室通常不受监管。</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·耶伦的关注。她上周表示，需要加强对金融业这些私人角落的监管。她监管的金融稳定监督委员会（FSOC）重新成立了一个工作组，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（Abe Lincoln）的话，家族办公室——一个价值数万亿美元的行业，在一个比以往任何时候都更加交织在一起的全球金融体系中，很大程度上被允许在阴影中运作——属于超级富豪，由超级富豪经营，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的倒闭可能是也可能不是另一场金融危机的开始。但谁能说其他数千家家族理财室正在用他们的数万亿美元做什么，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":{"SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"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":{".SPX":0.9,".IXIC":0.9,"SPY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350021413,"gmtCreate":1616141052232,"gmtModify":1634527036988,"author":{"id":"3571353151224967","authorId":"3571353151224967","name":"Paulie13","avatar":"https://static.tigerbbs.com/265f29263756a1465323c33d81deca23","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571353151224967","idStr":"3571353151224967"},"themes":[],"htmlText":"Like and comment please","listText":"Like and comment please","text":"Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/350021413","repostId":"1105114263","repostType":4,"isVote":1,"tweetType":1,"viewCount":270,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":326219747,"gmtCreate":1615651237289,"gmtModify":1703491904252,"author":{"id":"3571353151224967","authorId":"3571353151224967","name":"Paulie13","avatar":"https://static.tigerbbs.com/265f29263756a1465323c33d81deca23","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571353151224967","idStr":"3571353151224967"},"themes":[],"htmlText":"Like and comment t","listText":"Like and comment t","text":"Like and comment t","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/326219747","repostId":"1199156489","repostType":4,"repost":{"id":"1199156489","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615452861,"share":"https://www.laohu8.com/m/news/1199156489?lang=zh_CN&edition=full","pubTime":"2021-03-11 16:54","market":"us","language":"en","title":"US Daylight Saving Time<blockquote>美国夏令时</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199156489","media":"Tiger Newspress","summary":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving tim","content":"<p>From&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;March&nbsp;14(this&nbsp;Sunday),the&nbsp;North America&nbsp;region&nbsp;entered&nbsp;daylight saving&nbsp;time,until&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;ends&nbsp;on&nbsp;November&nbsp;7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02：00开始，北美地区进入夏令时，直到美国东部时间2021年11月7日02：00结束。</blockquote></p><p>So,starting&nbsp;on&nbsp;Monday,March&nbsp;14,the&nbsp;U.S.&nbsp;market&nbsp;will&nbsp;open&nbsp;and&nbsp;close&nbsp;one&nbsp;hour&nbsp;ahead&nbsp;of&nbsp;schedule&nbsp;during&nbsp;north&nbsp;american&nbsp;daylight saving time,i.e.,U.S.&nbsp;trading&nbsp;time&nbsp;will&nbsp;be&nbsp;changed&nbsp;to&nbsp;21:30&nbsp;beijing&nbsp;time&nbsp;to&nbsp;04:00&nbsp;a.m.the&nbsp;next&nbsp;day,pre-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;16:00&nbsp;to&nbsp;21:30,after-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;04:00&nbsp;to&nbsp;8:00.</p><p><blockquote>于是，从3月14日周一开始，美国市场将在北美夏令时期间提前一小时开盘和收盘，即美国交易时间改为北京时间21:30至次日凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天会持续更长时间到晚上。北美和欧洲的大部分地区遵循这一习俗，而其他地方的大多数国家则不这样做。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。坚持现状是义不容辞的责任。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US Daylight Saving Time<blockquote>美国夏令时</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Daylight Saving Time<blockquote>美国夏令时</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-11 16:54</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>From&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;March&nbsp;14(this&nbsp;Sunday),the&nbsp;North America&nbsp;region&nbsp;entered&nbsp;daylight saving&nbsp;time,until&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;ends&nbsp;on&nbsp;November&nbsp;7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02：00开始，北美地区进入夏令时，直到美国东部时间2021年11月7日02：00结束。</blockquote></p><p>So,starting&nbsp;on&nbsp;Monday,March&nbsp;14,the&nbsp;U.S.&nbsp;market&nbsp;will&nbsp;open&nbsp;and&nbsp;close&nbsp;one&nbsp;hour&nbsp;ahead&nbsp;of&nbsp;schedule&nbsp;during&nbsp;north&nbsp;american&nbsp;daylight saving time,i.e.,U.S.&nbsp;trading&nbsp;time&nbsp;will&nbsp;be&nbsp;changed&nbsp;to&nbsp;21:30&nbsp;beijing&nbsp;time&nbsp;to&nbsp;04:00&nbsp;a.m.the&nbsp;next&nbsp;day,pre-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;16:00&nbsp;to&nbsp;21:30,after-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;04:00&nbsp;to&nbsp;8:00.</p><p><blockquote>于是，从3月14日周一开始，美国市场将在北美夏令时期间提前一小时开盘和收盘，即美国交易时间改为北京时间21:30至次日凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天会持续更长时间到晚上。北美和欧洲的大部分地区遵循这一习俗，而其他地方的大多数国家则不这样做。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。坚持现状是义不容辞的责任。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199156489","content_text":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving time,until 02:00 U.S. East time ends on November 7,2021.So,starting on Monday,March 14,the U.S. market will open and close one hour ahead of schedule during north american daylight saving time,i.e.,U.S. trading time will be changed to 21:30 beijing time to 04:00 a.m.the next day,pre-trade time will be 16:00 to 21:30,after-trade time will be 04:00 to 8:00.What is daylight saving time?The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811684206,"gmtCreate":1630317132105,"gmtModify":1704958327336,"author":{"id":"3571353151224967","authorId":"3571353151224967","name":"Paulie13","avatar":"https://static.tigerbbs.com/265f29263756a1465323c33d81deca23","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571353151224967","idStr":"3571353151224967"},"themes":[],"htmlText":"Aaa","listText":"Aaa","text":"Aaa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/811684206","repostId":"2163776380","repostType":4,"isVote":1,"tweetType":1,"viewCount":1213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":838992010,"gmtCreate":1629362905330,"gmtModify":1631890454458,"author":{"id":"3571353151224967","authorId":"3571353151224967","name":"Paulie13","avatar":"https://static.tigerbbs.com/265f29263756a1465323c33d81deca23","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571353151224967","idStr":"3571353151224967"},"themes":[],"htmlText":"Go","listText":"Go","text":"Go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/838992010","repostId":"1118120303","repostType":4,"repost":{"id":"1118120303","kind":"news","pubTimestamp":1629362423,"share":"https://www.laohu8.com/m/news/1118120303?lang=zh_CN&edition=full","pubTime":"2021-08-19 16:40","market":"us","language":"en","title":"How to Hedge Your Stock Portfolio Before Interest Rates Start Rising<blockquote>如何在利率开始上升之前对冲您的股票投资组合</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1118120303","media":"Barron's","summary":"If fairy tales were made into parables about investing, the boy who cried wolf would run a tail-risk","content":"<p>If fairy tales were made into parables about investing, the boy who cried wolf would run a tail-risk fund.</p><p><blockquote>如果童话故事被改编成关于投资的寓言，喊狼来了的男孩将经营一只尾部风险基金。</blockquote></p><p> To protect his stocks, the vigilant boy would perpetually buybearish options contractsin anticipation that stock prices would fall. He would now be very busy, as many ominous events are bounding across the world’s stage.</p><p><blockquote>为了保护自己的股票，这个警惕的男孩会不断买入看跌期权合约，因为他预计股价会下跌。他现在会非常忙，因为许多不祥的事件正在世界舞台上跳跃。</blockquote></p><p> Thefall of Afghanistanis a potentially destabilizing market event, especially ahead of the 20th anniversary of the Sept. 11 terrorist attack on the U.S.</p><p><blockquote>阿富汗的陷落是一个潜在的破坏市场稳定的事件，尤其是在9月11日美国恐怖袭击20周年之前。</blockquote></p><p> The resurgence of Covid-19, weakening retail sales, China saber-rattling toward Taiwan, China mocking America’s sloppy Afghanistan withdrawal, andsigns of sticky inflationare all reasons for extra vigilance.</p><p><blockquote>Covid-19的死灰复燃、零售销售疲软、中国对台湾的武力威胁、中国嘲笑美国草率的阿富汗撤军以及粘性通胀的迹象都值得格外警惕。</blockquote></p><p> But the major event that would most alarm our hero would be the Federal Reserve’smeeting in Jackson Hole, Wyo., at the end of the month. Jerome Powell, the Fed’s chairman, is expected to speak. He is the big, bad wolf of this reimagined story.</p><p><blockquote>但最让我们的英雄震惊的重大事件将是本月底在怀俄明州杰克逊霍尔举行的美联储会议。美联储主席鲍威尔预计将发表讲话。他是这个重新想象的故事中的大灰狼。</blockquote></p><p> Powell’s speech might offer concrete clues about potential changes to monetary policy—which could pummel stocks.</p><p><blockquote>鲍威尔的讲话可能会为货币政策的潜在变化提供具体线索，这可能会打击股市。</blockquote></p><p> When interest rates are low, as they are now, investors can move far out on the so-called risk curve. It’s cheap to borrow money and thus relatively easy to make money doing something as simple asbuying dividend-paying stocksand as complex as quantitative trading. With rates low enough, even Bitcoin and emerging market debt can be attractive.</p><p><blockquote>当利率较低时，就像现在一样，投资者可以在所谓的风险曲线上走得更远。借钱很便宜，因此做一些简单的事情（如购买派息股票）和复杂的事情（如量化交易）赚钱相对容易。由于利率足够低，即使是比特币和新兴市场的债务也可能具有吸引力。</blockquote></p><p> Yet this time, even if the boy who cried wolf is wrong, investors need to be aware that many others will be listening to himahead of expected changes to interest rates.</p><p><blockquote>然而，这一次，即使喊狼来了的男孩是错的，投资者也需要意识到，许多其他人将听取他关于利率预期变化的意见。</blockquote></p><p> Stock prices are generally dancing around record highs—a phrase used in this column year after year—as historically low interest rates remain the central defining fact of the market.</p><p><blockquote>由于历史低利率仍然是市场的核心定义事实，股价通常在历史高点附近波动——这是本专栏年复一年使用的一个短语。</blockquote></p><p> But it seems that the more investors talk about corrections, or why corrections won’t happen, the bearish narrative prevails, at least for a bit.</p><p><blockquote>但似乎投资者越多地谈论调整，或者为什么调整不会发生，看跌的说法就占了上风，至少在一段时间内是这样。</blockquote></p><p> Expectations that something will soon happen to easy-money rates are leading to a burst of hedging activity.</p><p><blockquote>对宽松货币利率很快就会发生变化的预期正在导致对冲活动的爆发。</blockquote></p><p> One major investor has created a bearish position in theSPDR S&amp;P 500exchange-traded fund (ticker: SPY) that would prove profitable if the stock market fell about 4% by Sept. 3. The investor sold 25,000 September $427 put options and bought 25,000 $440 puts, all expiring on Sept. 3, to cover the Fed’s Jackson Hole symposium from Aug. 26 to Aug. 28.</p><p><blockquote>一位主要投资者在SPDR S&amp;P 500交易所交易基金（股票代码：SPDR标普500指数ETF）中建立了看跌头寸，如果股市到9月3日下跌约4%，该基金将会盈利。该投资者卖出了25,000份9月427美元看跌期权，并买入了25,000份440美元看跌期权，全部将于9月3日到期，以覆盖8月26日至8月28日举行的美联储杰克逊霍尔研讨会。</blockquote></p><p> This column has rarely offered a suggestion to hedge portfolios. It has almost always seemed better to us to sell puts to anxious investors and use the proceeds to buy upside call options to profit from stock advances.</p><p><blockquote>本专栏很少提供对冲投资组合的建议。对我们来说，向焦虑的投资者出售看跌期权并用所得收益购买上行看涨期权期权以从股票上涨中获利似乎总是更好。</blockquote></p><p> Similarly, we have been hesitant to recommend stock-replacement strategies. Because low interest rates always seemed the key ingredient in the bull market, there was seldom a strategic reason for selling stocks and buying calls.</p><p><blockquote>同样，我们也一直犹豫是否推荐股票替换策略。因为低利率似乎总是牛市的关键因素，所以很少有卖出股票和买入评级的战略理由。</blockquote></p><p> But now, using upside calls as stock surrogates does indeed seem attractive for anyone who thinks that rates could rise. The strategy is worth pondering for investors with substantial stock profits.</p><p><blockquote>但现在，对于任何认为利率可能上升的人来说，使用上行评级作为股票替代品似乎确实很有吸引力。对于股票利润丰厚的投资者来说，该策略值得深思。</blockquote></p><p> If this resonates, review your stocks. Sell enough shares to realize a profit of, say, 50% to 100% on your initial investment. If you sold 500 shares to lock in gains, for example, buy a corresponding number of upside calls that expire in, say, three months. This will buy you just enough time to see how the stock—and the market—performs.</p><p><blockquote>如果这引起了共鸣，请检查您的股票。出售足够的股票以实现初始投资50%到100%的利润。例如，如果您出售500股以锁定收益，请购买相应数量的三个月后到期的上涨评级。这将为您赢得足够的时间来了解股票和市场的表现。</blockquote></p><p> The goal is not to be scared of wolves, and to make sure that your appetite for volatility is aligned with your investment timeline.</p><p><blockquote>目标是不要害怕狼，并确保您对波动性的偏好与您的投资时间表一致。</blockquote></p><p> <i>Steven M. Sears is the president and chief operating officer of Options Solutions, a specialized asset-management firm. Neither he nor the firm has a position in the options or underlying securities mentioned in this column.</i></p><p><blockquote><i>Steven M.Sears是专业资产管理公司Options Solutions的总裁兼首席运营官。他和公司都没有在本专栏提到的期权或基础证券中持有头寸。</i></blockquote></p><p></p>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How to Hedge Your Stock Portfolio Before Interest Rates Start Rising<blockquote>如何在利率开始上升之前对冲您的股票投资组合</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow to Hedge Your Stock Portfolio Before Interest Rates Start Rising<blockquote>如何在利率开始上升之前对冲您的股票投资组合</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-08-19 16:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p>If fairy tales were made into parables about investing, the boy who cried wolf would run a tail-risk fund.</p><p><blockquote>如果童话故事被改编成关于投资的寓言，喊狼来了的男孩将经营一只尾部风险基金。</blockquote></p><p> To protect his stocks, the vigilant boy would perpetually buybearish options contractsin anticipation that stock prices would fall. He would now be very busy, as many ominous events are bounding across the world’s stage.</p><p><blockquote>为了保护自己的股票，这个警惕的男孩会不断买入看跌期权合约，因为他预计股价会下跌。他现在会非常忙，因为许多不祥的事件正在世界舞台上跳跃。</blockquote></p><p> Thefall of Afghanistanis a potentially destabilizing market event, especially ahead of the 20th anniversary of the Sept. 11 terrorist attack on the U.S.</p><p><blockquote>阿富汗的陷落是一个潜在的破坏市场稳定的事件，尤其是在9月11日美国恐怖袭击20周年之前。</blockquote></p><p> The resurgence of Covid-19, weakening retail sales, China saber-rattling toward Taiwan, China mocking America’s sloppy Afghanistan withdrawal, andsigns of sticky inflationare all reasons for extra vigilance.</p><p><blockquote>Covid-19的死灰复燃、零售销售疲软、中国对台湾的武力威胁、中国嘲笑美国草率的阿富汗撤军以及粘性通胀的迹象都值得格外警惕。</blockquote></p><p> But the major event that would most alarm our hero would be the Federal Reserve’smeeting in Jackson Hole, Wyo., at the end of the month. Jerome Powell, the Fed’s chairman, is expected to speak. He is the big, bad wolf of this reimagined story.</p><p><blockquote>但最让我们的英雄震惊的重大事件将是本月底在怀俄明州杰克逊霍尔举行的美联储会议。美联储主席鲍威尔预计将发表讲话。他是这个重新想象的故事中的大灰狼。</blockquote></p><p> Powell’s speech might offer concrete clues about potential changes to monetary policy—which could pummel stocks.</p><p><blockquote>鲍威尔的讲话可能会为货币政策的潜在变化提供具体线索，这可能会打击股市。</blockquote></p><p> When interest rates are low, as they are now, investors can move far out on the so-called risk curve. It’s cheap to borrow money and thus relatively easy to make money doing something as simple asbuying dividend-paying stocksand as complex as quantitative trading. With rates low enough, even Bitcoin and emerging market debt can be attractive.</p><p><blockquote>当利率较低时，就像现在一样，投资者可以在所谓的风险曲线上走得更远。借钱很便宜，因此做一些简单的事情（如购买派息股票）和复杂的事情（如量化交易）赚钱相对容易。由于利率足够低，即使是比特币和新兴市场的债务也可能具有吸引力。</blockquote></p><p> Yet this time, even if the boy who cried wolf is wrong, investors need to be aware that many others will be listening to himahead of expected changes to interest rates.</p><p><blockquote>然而，这一次，即使喊狼来了的男孩是错的，投资者也需要意识到，许多其他人将听取他关于利率预期变化的意见。</blockquote></p><p> Stock prices are generally dancing around record highs—a phrase used in this column year after year—as historically low interest rates remain the central defining fact of the market.</p><p><blockquote>由于历史低利率仍然是市场的核心定义事实，股价通常在历史高点附近波动——这是本专栏年复一年使用的一个短语。</blockquote></p><p> But it seems that the more investors talk about corrections, or why corrections won’t happen, the bearish narrative prevails, at least for a bit.</p><p><blockquote>但似乎投资者越多地谈论调整，或者为什么调整不会发生，看跌的说法就占了上风，至少在一段时间内是这样。</blockquote></p><p> Expectations that something will soon happen to easy-money rates are leading to a burst of hedging activity.</p><p><blockquote>对宽松货币利率很快就会发生变化的预期正在导致对冲活动的爆发。</blockquote></p><p> One major investor has created a bearish position in theSPDR S&amp;P 500exchange-traded fund (ticker: SPY) that would prove profitable if the stock market fell about 4% by Sept. 3. The investor sold 25,000 September $427 put options and bought 25,000 $440 puts, all expiring on Sept. 3, to cover the Fed’s Jackson Hole symposium from Aug. 26 to Aug. 28.</p><p><blockquote>一位主要投资者在SPDR S&amp;P 500交易所交易基金（股票代码：SPDR标普500指数ETF）中建立了看跌头寸，如果股市到9月3日下跌约4%，该基金将会盈利。该投资者卖出了25,000份9月427美元看跌期权，并买入了25,000份440美元看跌期权，全部将于9月3日到期，以覆盖8月26日至8月28日举行的美联储杰克逊霍尔研讨会。</blockquote></p><p> This column has rarely offered a suggestion to hedge portfolios. It has almost always seemed better to us to sell puts to anxious investors and use the proceeds to buy upside call options to profit from stock advances.</p><p><blockquote>本专栏很少提供对冲投资组合的建议。对我们来说，向焦虑的投资者出售看跌期权并用所得收益购买上行看涨期权期权以从股票上涨中获利似乎总是更好。</blockquote></p><p> Similarly, we have been hesitant to recommend stock-replacement strategies. Because low interest rates always seemed the key ingredient in the bull market, there was seldom a strategic reason for selling stocks and buying calls.</p><p><blockquote>同样，我们也一直犹豫是否推荐股票替换策略。因为低利率似乎总是牛市的关键因素，所以很少有卖出股票和买入评级的战略理由。</blockquote></p><p> But now, using upside calls as stock surrogates does indeed seem attractive for anyone who thinks that rates could rise. The strategy is worth pondering for investors with substantial stock profits.</p><p><blockquote>但现在，对于任何认为利率可能上升的人来说，使用上行评级作为股票替代品似乎确实很有吸引力。对于股票利润丰厚的投资者来说，该策略值得深思。</blockquote></p><p> If this resonates, review your stocks. Sell enough shares to realize a profit of, say, 50% to 100% on your initial investment. If you sold 500 shares to lock in gains, for example, buy a corresponding number of upside calls that expire in, say, three months. This will buy you just enough time to see how the stock—and the market—performs.</p><p><blockquote>如果这引起了共鸣，请检查您的股票。出售足够的股票以实现初始投资50%到100%的利润。例如，如果您出售500股以锁定收益，请购买相应数量的三个月后到期的上涨评级。这将为您赢得足够的时间来了解股票和市场的表现。</blockquote></p><p> The goal is not to be scared of wolves, and to make sure that your appetite for volatility is aligned with your investment timeline.</p><p><blockquote>目标是不要害怕狼，并确保您对波动性的偏好与您的投资时间表一致。</blockquote></p><p> <i>Steven M. Sears is the president and chief operating officer of Options Solutions, a specialized asset-management firm. Neither he nor the firm has a position in the options or underlying securities mentioned in this column.</i></p><p><blockquote><i>Steven M.Sears是专业资产管理公司Options Solutions的总裁兼首席运营官。他和公司都没有在本专栏提到的期权或基础证券中持有头寸。</i></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/articles/how-to-hedge-your-stock-portfolio-before-interest-rates-start-rising-51629361806?mod=mw_latestnews\">Barron's</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/articles/how-to-hedge-your-stock-portfolio-before-interest-rates-start-rising-51629361806?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118120303","content_text":"If fairy tales were made into parables about investing, the boy who cried wolf would run a tail-risk fund.\nTo protect his stocks, the vigilant boy would perpetually buybearish options contractsin anticipation that stock prices would fall. He would now be very busy, as many ominous events are bounding across the world’s stage.\nThefall of Afghanistanis a potentially destabilizing market event, especially ahead of the 20th anniversary of the Sept. 11 terrorist attack on the U.S.\nThe resurgence of Covid-19, weakening retail sales, China saber-rattling toward Taiwan, China mocking America’s sloppy Afghanistan withdrawal, andsigns of sticky inflationare all reasons for extra vigilance.\nBut the major event that would most alarm our hero would be the Federal Reserve’smeeting in Jackson Hole, Wyo., at the end of the month. Jerome Powell, the Fed’s chairman, is expected to speak. He is the big, bad wolf of this reimagined story.\nPowell’s speech might offer concrete clues about potential changes to monetary policy—which could pummel stocks.\nWhen interest rates are low, as they are now, investors can move far out on the so-called risk curve. It’s cheap to borrow money and thus relatively easy to make money doing something as simple asbuying dividend-paying stocksand as complex as quantitative trading. With rates low enough, even Bitcoin and emerging market debt can be attractive.\nYet this time, even if the boy who cried wolf is wrong, investors need to be aware that many others will be listening to himahead of expected changes to interest rates.\nStock prices are generally dancing around record highs—a phrase used in this column year after year—as historically low interest rates remain the central defining fact of the market.\nBut it seems that the more investors talk about corrections, or why corrections won’t happen, the bearish narrative prevails, at least for a bit.\nExpectations that something will soon happen to easy-money rates are leading to a burst of hedging activity.\nOne major investor has created a bearish position in theSPDR S&P 500exchange-traded fund (ticker: SPY) that would prove profitable if the stock market fell about 4% by Sept. 3. The investor sold 25,000 September $427 put options and bought 25,000 $440 puts, all expiring on Sept. 3, to cover the Fed’s Jackson Hole symposium from Aug. 26 to Aug. 28.\nThis column has rarely offered a suggestion to hedge portfolios. It has almost always seemed better to us to sell puts to anxious investors and use the proceeds to buy upside call options to profit from stock advances.\nSimilarly, we have been hesitant to recommend stock-replacement strategies. Because low interest rates always seemed the key ingredient in the bull market, there was seldom a strategic reason for selling stocks and buying calls.\nBut now, using upside calls as stock surrogates does indeed seem attractive for anyone who thinks that rates could rise. The strategy is worth pondering for investors with substantial stock profits.\nIf this resonates, review your stocks. Sell enough shares to realize a profit of, say, 50% to 100% on your initial investment. If you sold 500 shares to lock in gains, for example, buy a corresponding number of upside calls that expire in, say, three months. This will buy you just enough time to see how the stock—and the market—performs.\nThe goal is not to be scared of wolves, and to make sure that your appetite for volatility is aligned with your investment timeline.\nSteven M. Sears is the president and chief operating officer of Options Solutions, a specialized asset-management firm. Neither he nor the firm has a position in the options or underlying securities mentioned in this column.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":1563,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":831076025,"gmtCreate":1629276225267,"gmtModify":1631890454470,"author":{"id":"3571353151224967","authorId":"3571353151224967","name":"Paulie13","avatar":"https://static.tigerbbs.com/265f29263756a1465323c33d81deca23","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571353151224967","idStr":"3571353151224967"},"themes":[],"htmlText":"Aaa","listText":"Aaa","text":"Aaa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/831076025","repostId":"1194174383","repostType":4,"repost":{"id":"1194174383","kind":"news","pubTimestamp":1629246519,"share":"https://www.laohu8.com/m/news/1194174383?lang=zh_CN&edition=full","pubTime":"2021-08-18 08:28","market":"us","language":"en","title":"Nvidia Reports Earnings Wednesday. Here’s Why Cryptocurrencies Matter.<blockquote>英伟达周三公布财报。这就是加密货币很重要的原因。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1194174383","media":"Barrons","summary":"Tucked away in the numbers that Nvidia will post Wednesday is revenue from cryptocurrency mining chi","content":"<p>Tucked away in the numbers that Nvidia will post Wednesday is revenue from cryptocurrency mining chips. Investors should keep an eye on the total.</p><p><blockquote>英伟达将于周三公布的数据中隐藏着来自加密货币挖矿芯片的收入。投资者应密切关注总数。</blockquote></p><p> Why is simple: The peaks and valleys of crypto prices make it tough to peg demand for the chips, which the miners who handle the transactions need. And Nvidia (ticker: NVDA) earnings has gotten burned before when crypto prices tanked.</p><p><blockquote>原因很简单：加密货币价格的高峰和低谷使得很难确定处理交易的矿工所需的芯片需求。当加密货币价格暴跌时，英伟达（股票代码：NVDA）的盈利也曾遭受过损失。</blockquote></p><p> This year, though, Nvidia has done two things to protect itself: Maybe most important, it changed the design of its videogame chips that crypto miners co-optedfor their business. And the company started making a version just for miners.</p><p><blockquote>不过，今年，英伟达做了两件事来保护自己：也许最重要的是，它改变了加密货币矿工为其业务所采用的视频游戏芯片的设计。该公司开始专门为矿工制作一个版本。</blockquote></p><p> The new chips arewhat Nvidia tracks as crypto revenue because it can’t accurately track how many videogame chips are being used for mining.</p><p><blockquote>新芯片是英伟达跟踪的加密收入，因为它无法准确跟踪有多少视频游戏芯片被用于挖矿。</blockquote></p><p> The company’s finance chief, Colette Kress, has forecast $400 million in crypto chip sales for the second quarter—more than double first-quarter revenue of $155 million.The consensus revenue estimate for the segment that includes mining chips is $537.5 million, up from $327 million sequentially in the first quarter.</p><p><blockquote>该公司财务主管Colette Kress预测第二季度加密芯片销售额为4亿美元，是第一季度1.55亿美元收入的两倍多。包括挖矿芯片在内的该部门的普遍收入预期为5.375亿美元，高于第一季度的3.27亿美元。</blockquote></p><p> Just like the results for any other company, investors want the actual numbers to at least match—and better yet beat—Kress’ estimates.</p><p><blockquote>就像任何其他公司的业绩一样，投资者希望实际数字至少符合——甚至更好地超过——克雷斯的估计。</blockquote></p><p> BMO Capital Markets analyst Ambrish Srivastava has put forward several estimates on the true size of Nvidia’s mining business—the new chips added to the videogame chips.</p><p><blockquote>BMO资本市场分析师Ambrish Srivastava对英伟达挖矿业务的真实规模提出了几项估计——视频游戏芯片中添加的新芯片。</blockquote></p><p> For the second quarter, Srivastava predicts $450 million in crypto revenue, which isn’t far off the company’s forecast; his estimate for the first quarter was $650 million, which was well above the $155 million Nvidia reported for just its mining chips.</p><p><blockquote>对于第二季度，Srivastava预测加密收入为4.5亿美元，这与公司的预测相差不远；他对第一季度的预期为6.5亿美元，远高于英伟达仅挖矿芯片就报告的1.55亿美元。</blockquote></p><p> Investors should hope that Nvidia—and Srivastava—are close with their numbers so they can have a better idea of just how much exposure the company has to those sometimes-volatile crypto prices. A slump in crypto prices a few years ago translated to a drop in Nvidia’s revenue by nearly a third for&nbsp;four straight quarters.</p><p><blockquote>投资者应该希望Nvidia和Srivastava的数字接近，这样他们就可以更好地了解该公司对这些有时波动的加密货币价格的敞口有多大。几年前加密货币价格的暴跌导致英伟达的收入连续四个季度下降了近三分之一。</blockquote></p><p> The rest of the quarter is fairly typical stuff. Overall, the consensus forecast is for adjusted earnings of $1.01 a share, on revenue of $6.3 billion.</p><p><blockquote>本季度剩下的时间是相当典型的事情。总体而言，市场普遍预测调整后每股收益为1.01美元，营收为63亿美元。</blockquote></p><p> Investors also should pay attention to the data center segment. Chief executive Jensen Huang has talked up the demand around data-center graphics processors, which are often used for artificial intelligence and machine-learning tasks. Wall Street expects data center revenueto grow roughly 30% to $2.3 billion.</p><p><blockquote>投资者还应关注数据中心领域。首席执行官黄仁勋谈到了数据中心图形处理器的需求，这些处理器通常用于人工智能和机器学习任务。华尔街预计数据中心收入将增长约30%，达到23亿美元。</blockquote></p><p> The company’s core videogame chip business is expected to grow 80% to $3 billion. It’s worth looking for commentary from executives about the ongoing global chip shortage. The expected increase in supply hasn’t quite materialized, according to Srivastava.</p><p><blockquote>该公司的核心视频游戏芯片业务预计将增长80%，达到30亿美元。值得寻求高管们对持续的全球芯片短缺的评论。斯里瓦斯塔瓦表示，预期的供应增加尚未完全实现。</blockquote></p><p> Shares of Nvidia slumped 2.5% during Tuesday’s regular session to $194.58, but have gained 48% this year. The benchmark PHLX Semiconductor index gained 16% in 2021.</p><p><blockquote>Nvidia股价在周二常规交易中下跌2.5%，至194.58美元，但今年已上涨48%。基准PHLX半导体指数在2021年上涨了16%。</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>Nvidia Reports Earnings Wednesday. Here’s Why Cryptocurrencies Matter.<blockquote>英伟达周三公布财报。这就是加密货币很重要的原因。</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\">\nNvidia Reports Earnings Wednesday. Here’s Why Cryptocurrencies Matter.<blockquote>英伟达周三公布财报。这就是加密货币很重要的原因。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-08-18 08:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Tucked away in the numbers that Nvidia will post Wednesday is revenue from cryptocurrency mining chips. Investors should keep an eye on the total.</p><p><blockquote>英伟达将于周三公布的数据中隐藏着来自加密货币挖矿芯片的收入。投资者应密切关注总数。</blockquote></p><p> Why is simple: The peaks and valleys of crypto prices make it tough to peg demand for the chips, which the miners who handle the transactions need. And Nvidia (ticker: NVDA) earnings has gotten burned before when crypto prices tanked.</p><p><blockquote>原因很简单：加密货币价格的高峰和低谷使得很难确定处理交易的矿工所需的芯片需求。当加密货币价格暴跌时，英伟达（股票代码：NVDA）的盈利也曾遭受过损失。</blockquote></p><p> This year, though, Nvidia has done two things to protect itself: Maybe most important, it changed the design of its videogame chips that crypto miners co-optedfor their business. And the company started making a version just for miners.</p><p><blockquote>不过，今年，英伟达做了两件事来保护自己：也许最重要的是，它改变了加密货币矿工为其业务所采用的视频游戏芯片的设计。该公司开始专门为矿工制作一个版本。</blockquote></p><p> The new chips arewhat Nvidia tracks as crypto revenue because it can’t accurately track how many videogame chips are being used for mining.</p><p><blockquote>新芯片是英伟达跟踪的加密收入，因为它无法准确跟踪有多少视频游戏芯片被用于挖矿。</blockquote></p><p> The company’s finance chief, Colette Kress, has forecast $400 million in crypto chip sales for the second quarter—more than double first-quarter revenue of $155 million.The consensus revenue estimate for the segment that includes mining chips is $537.5 million, up from $327 million sequentially in the first quarter.</p><p><blockquote>该公司财务主管Colette Kress预测第二季度加密芯片销售额为4亿美元，是第一季度1.55亿美元收入的两倍多。包括挖矿芯片在内的该部门的普遍收入预期为5.375亿美元，高于第一季度的3.27亿美元。</blockquote></p><p> Just like the results for any other company, investors want the actual numbers to at least match—and better yet beat—Kress’ estimates.</p><p><blockquote>就像任何其他公司的业绩一样，投资者希望实际数字至少符合——甚至更好地超过——克雷斯的估计。</blockquote></p><p> BMO Capital Markets analyst Ambrish Srivastava has put forward several estimates on the true size of Nvidia’s mining business—the new chips added to the videogame chips.</p><p><blockquote>BMO资本市场分析师Ambrish Srivastava对英伟达挖矿业务的真实规模提出了几项估计——视频游戏芯片中添加的新芯片。</blockquote></p><p> For the second quarter, Srivastava predicts $450 million in crypto revenue, which isn’t far off the company’s forecast; his estimate for the first quarter was $650 million, which was well above the $155 million Nvidia reported for just its mining chips.</p><p><blockquote>对于第二季度，Srivastava预测加密收入为4.5亿美元，这与公司的预测相差不远；他对第一季度的预期为6.5亿美元，远高于英伟达仅挖矿芯片就报告的1.55亿美元。</blockquote></p><p> Investors should hope that Nvidia—and Srivastava—are close with their numbers so they can have a better idea of just how much exposure the company has to those sometimes-volatile crypto prices. A slump in crypto prices a few years ago translated to a drop in Nvidia’s revenue by nearly a third for&nbsp;four straight quarters.</p><p><blockquote>投资者应该希望Nvidia和Srivastava的数字接近，这样他们就可以更好地了解该公司对这些有时波动的加密货币价格的敞口有多大。几年前加密货币价格的暴跌导致英伟达的收入连续四个季度下降了近三分之一。</blockquote></p><p> The rest of the quarter is fairly typical stuff. Overall, the consensus forecast is for adjusted earnings of $1.01 a share, on revenue of $6.3 billion.</p><p><blockquote>本季度剩下的时间是相当典型的事情。总体而言，市场普遍预测调整后每股收益为1.01美元，营收为63亿美元。</blockquote></p><p> Investors also should pay attention to the data center segment. Chief executive Jensen Huang has talked up the demand around data-center graphics processors, which are often used for artificial intelligence and machine-learning tasks. Wall Street expects data center revenueto grow roughly 30% to $2.3 billion.</p><p><blockquote>投资者还应关注数据中心领域。首席执行官黄仁勋谈到了数据中心图形处理器的需求，这些处理器通常用于人工智能和机器学习任务。华尔街预计数据中心收入将增长约30%，达到23亿美元。</blockquote></p><p> The company’s core videogame chip business is expected to grow 80% to $3 billion. It’s worth looking for commentary from executives about the ongoing global chip shortage. The expected increase in supply hasn’t quite materialized, according to Srivastava.</p><p><blockquote>该公司的核心视频游戏芯片业务预计将增长80%，达到30亿美元。值得寻求高管们对持续的全球芯片短缺的评论。斯里瓦斯塔瓦表示，预期的供应增加尚未完全实现。</blockquote></p><p> Shares of Nvidia slumped 2.5% during Tuesday’s regular session to $194.58, but have gained 48% this year. The benchmark PHLX Semiconductor index gained 16% in 2021.</p><p><blockquote>Nvidia股价在周二常规交易中下跌2.5%，至194.58美元，但今年已上涨48%。基准PHLX半导体指数在2021年上涨了16%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/nvidia-reports-earnings-wednesday-heres-why-cryptocurrencies-matter-51629238799?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":{"NVDA":"英伟达"},"source_url":"https://www.barrons.com/articles/nvidia-reports-earnings-wednesday-heres-why-cryptocurrencies-matter-51629238799?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194174383","content_text":"Tucked away in the numbers that Nvidia will post Wednesday is revenue from cryptocurrency mining chips. Investors should keep an eye on the total.\nWhy is simple: The peaks and valleys of crypto prices make it tough to peg demand for the chips, which the miners who handle the transactions need. And Nvidia (ticker: NVDA) earnings has gotten burned before when crypto prices tanked.\nThis year, though, Nvidia has done two things to protect itself: Maybe most important, it changed the design of its videogame chips that crypto miners co-optedfor their business. And the company started making a version just for miners.\nThe new chips arewhat Nvidia tracks as crypto revenue because it can’t accurately track how many videogame chips are being used for mining.\nThe company’s finance chief, Colette Kress, has forecast $400 million in crypto chip sales for the second quarter—more than double first-quarter revenue of $155 million.The consensus revenue estimate for the segment that includes mining chips is $537.5 million, up from $327 million sequentially in the first quarter.\nJust like the results for any other company, investors want the actual numbers to at least match—and better yet beat—Kress’ estimates.\nBMO Capital Markets analyst Ambrish Srivastava has put forward several estimates on the true size of Nvidia’s mining business—the new chips added to the videogame chips.\nFor the second quarter, Srivastava predicts $450 million in crypto revenue, which isn’t far off the company’s forecast; his estimate for the first quarter was $650 million, which was well above the $155 million Nvidia reported for just its mining chips.\nInvestors should hope that Nvidia—and Srivastava—are close with their numbers so they can have a better idea of just how much exposure the company has to those sometimes-volatile crypto prices. A slump in crypto prices a few years ago translated to a drop in Nvidia’s revenue by nearly a third for four straight quarters.\nThe rest of the quarter is fairly typical stuff. Overall, the consensus forecast is for adjusted earnings of $1.01 a share, on revenue of $6.3 billion.\nInvestors also should pay attention to the data center segment. Chief executive Jensen Huang has talked up the demand around data-center graphics processors, which are often used for artificial intelligence and machine-learning tasks. Wall Street expects data center revenueto grow roughly 30% to $2.3 billion.\nThe company’s core videogame chip business is expected to grow 80% to $3 billion. It’s worth looking for commentary from executives about the ongoing global chip shortage. The expected increase in supply hasn’t quite materialized, according to Srivastava.\nShares of Nvidia slumped 2.5% during Tuesday’s regular session to $194.58, but have gained 48% this year. The benchmark PHLX Semiconductor index gained 16% in 2021.","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":1620,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805005326,"gmtCreate":1627817478465,"gmtModify":1631893555000,"author":{"id":"3571353151224967","authorId":"3571353151224967","name":"Paulie13","avatar":"https://static.tigerbbs.com/265f29263756a1465323c33d81deca23","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571353151224967","idStr":"3571353151224967"},"themes":[],"htmlText":"Abcd","listText":"Abcd","text":"Abcd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/805005326","repostId":"2155001152","repostType":4,"isVote":1,"tweetType":1,"viewCount":427,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175521856,"gmtCreate":1627042899075,"gmtModify":1633768537475,"author":{"id":"3571353151224967","authorId":"3571353151224967","name":"Paulie13","avatar":"https://static.tigerbbs.com/265f29263756a1465323c33d81deca23","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571353151224967","idStr":"3571353151224967"},"themes":[],"htmlText":"Gogogo","listText":"Gogogo","text":"Gogogo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/175521856","repostId":"1164478982","repostType":4,"isVote":1,"tweetType":1,"viewCount":608,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":172329409,"gmtCreate":1626938362001,"gmtModify":1633769560664,"author":{"id":"3571353151224967","authorId":"3571353151224967","name":"Paulie13","avatar":"https://static.tigerbbs.com/265f29263756a1465323c33d81deca23","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571353151224967","idStr":"3571353151224967"},"themes":[],"htmlText":"AAA","listText":"AAA","text":"AAA","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/172329409","repostId":"2153477496","repostType":4,"isVote":1,"tweetType":1,"viewCount":382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140859538,"gmtCreate":1625648201724,"gmtModify":1633938744031,"author":{"id":"3571353151224967","authorId":"3571353151224967","name":"Paulie13","avatar":"https://static.tigerbbs.com/265f29263756a1465323c33d81deca23","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571353151224967","idStr":"3571353151224967"},"themes":[],"htmlText":"Aaa","listText":"Aaa","text":"Aaa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/140859538","repostId":"1152843869","repostType":4,"isVote":1,"tweetType":1,"viewCount":429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}