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Zack克明冲
2021-08-26
$AMC Entertainment(AMC)$
and
$GameStop(GME)$
like and share!!
抱歉,原内容已删除
Zack克明冲
2021-08-10
And coop with
$GameStop(GME)$
Both companies will form the biggest meme stock to bring the mkt makers to their knees!!!Like n share!!
外媒称AMC(AMC)将在45天内独家放映华纳的2022年电影
Zack克明冲
2021-08-05
Best stock
$AMC Entertainment(AMC)$
6 Stocks with Big Payouts and Less Risk<blockquote>6只派息高、风险小的股票</blockquote>
Zack克明冲
2021-08-01
Like n. Share!
抱歉,原内容已删除
Zack克明冲
2021-07-27
$AMC Entertainment(AMC)$
The squeeze is inevitable!!
Zack克明冲
2021-07-27
$AMC Entertainment(AMC)$
Squeeze is coming its INEVITABLE!!!
Zack克明冲
2021-07-27
This is a good article!!
$AMC Entertainment(AMC)$
Some meme stocks surged in Monday morning trading<blockquote>一些模因股票在周一早盘交易中飙升</blockquote>
Zack克明冲
2021-07-27
Commrnt?!
Apple Earnings Face High Expectations<blockquote>苹果盈利面临高期望</blockquote>
Zack克明冲
2021-07-27
Cool!
$AMC Entertainment(AMC)$
cooler!!
Tesla Reports Earnings Today. Here's What Matters Most.<blockquote>特斯拉今天公布收益。这是最重要的。</blockquote>
Zack克明冲
2021-07-27
Why not
$AMC Entertainment(AMC)$
and
$GameStop(GME)$
?!?!?Like n share!!!
抱歉,原内容已删除
Zack克明冲
2021-07-26
And MOST IMPORTANT
$AMC Entertainment(AMC)$
Like n share!!!
抱歉,原内容已删除
Zack克明冲
2021-07-25
$AMC Entertainment(AMC)$
Week after week more n more shares the apes hold n HODL. WHAT R U WAITING FOR!!LETS MAKE THE HEDGIES PAY!!LIKE N SHARE!!
Zack克明冲
2021-07-24
Crap!!!Only
$GameStop(GME)$
$AMC Entertainment(AMC)$
Is the way to cushion a mkt adjustment!!Like n share!!
抱歉,原内容已删除
Zack克明冲
2021-07-20
$AMC Entertainment(AMC)$
$GameStop(GME)$
The two stocks u need to battle mkt correction!Like n share!!
Stocks open slightly higher in attempt to bounce back from Monday selloff<blockquote>股市小幅开盘走高,试图从周一的抛售中反弹</blockquote>
Zack克明冲
2021-07-19
Get the meme stock!!
$AMC Entertainment(AMC)$
$GameStop(GME)$
Is the way forward to cushion a mkt correction!!Like n Share!!!
抱歉,原内容已删除
Zack克明冲
2021-07-18
Sell all n get
$AMC Entertainment(AMC)$
meme stock will withstand the crisis!Like n share!
抱歉,原内容已删除
Zack克明冲
2021-07-17
Latest!!! F U D!!Wake up, the news hardly dent the diamond shelled armor n hands of the APES!
'Bad Omen' For Meme Stocks And The Retail Trading Boom? Here's What The Data Says<blockquote>模因股票和零售交易繁荣的“不祥之兆”?数据是这样说的</blockquote>
Zack克明冲
2021-07-17
Lol tell me this is real?! Nahhhh lolz FUD GO AWAY. APES TOO USED TO SUCH ARTICLES.. TRY TRYING TRIED.. LOLZ
抱歉,原内容已删除
Zack克明冲
2021-07-16
Finally something good for
$AMC Entertainment(AMC)$
$GameStop(GME)$
tthis are the stock worth looking for!!Like n share!!
AMC and Verb Tech Rise, GameStop Slips Among Meme Stocks in Focus<blockquote>AMC 和 Verb Tech 上涨,游戏驿站下滑成为焦点模因股</blockquote>
Zack克明冲
2021-07-16
Now this is what a good article sounds like.Like n share pls!!
$AMC Entertainment(AMC)$
$GameStop(GME)$
AMC and Verb Tech Rise, GameStop Slips Among Meme Stocks in Focus<blockquote>AMC 和 Verb Tech 上涨,游戏驿站下滑成为焦点模因股</blockquote>
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href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a> and <a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>like and share!!","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a> and <a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>like and share!!","text":"$AMC Entertainment(AMC)$ and $GameStop(GME)$like and share!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/810566460","repostId":"2162857097","repostType":4,"isVote":1,"tweetType":1,"viewCount":3165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896856920,"gmtCreate":1628571241160,"gmtModify":1631888041054,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574222119045289","authorIdStr":"3574222119045289"},"themes":[],"title":"","htmlText":"And coop with <a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>Both companies will form the biggest meme stock to bring the mkt makers to their knees!!!Like n share!!","listText":"And coop with <a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>Both companies will form the biggest meme stock to bring the mkt makers to their knees!!!Like n share!!","text":"And coop with $GameStop(GME)$Both companies will form the biggest meme stock to bring the mkt makers to their knees!!!Like n share!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/896856920","repostId":"2158421117","repostType":2,"repost":{"id":"2158421117","kind":"highlight","weMediaInfo":{"introduction":"凤凰网港股","home_visible":1,"media_name":"凤凰网港股","id":"1039806269","head_image":"https://static.tigerbbs.com/b6fb647077f1ce46dc341fc35c26e817"},"pubTimestamp":1628564107,"share":"https://www.laohunote.com/m/news/2158421117?lang=zh_CN&edition=full","pubTime":"2021-08-10 10:55","market":"us","language":"zh","title":"外媒称AMC(AMC)将在45天内独家放映华纳的2022年电影","url":"https://stock-news.laohu8.com/highlight/detail?id=2158421117","media":"凤凰网港股","summary":"凤凰网港股|据外媒报道,AMC娱乐公司(AMC)已与华纳兄弟(T)达成协议,在影院独家放映该公司2022年的电影片单,为期45天。此外,作者指出,AMC在其季度收益电话会议上表示,到2021年底,它将接受比特币支付的门票和优惠。","content":"<html><body><p>凤凰网港股|<span>据外媒报道,AMC娱乐公司(AMC)已与华纳兄弟(T)达成协议,在影院独家放映该公司2022年的电影片单,为期45天。此外,作者指出,AMC在其季度收益电话会议上表示,到2021年底,它将接受比特币支付的门票和优惠。</span></p></body></html>","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>外媒称AMC(AMC)将在45天内独家放映华纳的2022年电影</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\n外媒称AMC(AMC)将在45天内独家放映华纳的2022年电影\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039806269\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/b6fb647077f1ce46dc341fc35c26e817);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">凤凰网港股 </p>\n<p class=\"h-time\">2021-08-10 10:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>凤凰网港股|<span>据外媒报道,AMC娱乐公司(AMC)已与华纳兄弟(T)达成协议,在影院独家放映该公司2022年的电影片单,为期45天。此外,作者指出,AMC在其季度收益电话会议上表示,到2021年底,它将接受比特币支付的门票和优惠。</span></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/765eea7b8efcd21c54c30bb5f35bff0d","relate_stocks":{"AMC":"AMC院线"},"source_url":"http://hknews.szfuit.com/newRssInfo/feed?original_id=c2dba7a59dce9f67874b311d350d8c0a","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2158421117","content_text":"凤凰网港股|据外媒报道,AMC娱乐公司(AMC)已与华纳兄弟(T)达成协议,在影院独家放映该公司2022年的电影片单,为期45天。此外,作者指出,AMC在其季度收益电话会议上表示,到2021年底,它将接受比特币支付的门票和优惠。","news_type":1,"symbols_score_info":{"AMC":1}},"isVote":1,"tweetType":1,"viewCount":2860,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899070338,"gmtCreate":1628147097824,"gmtModify":1631888041056,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574222119045289","authorIdStr":"3574222119045289"},"themes":[],"title":"","htmlText":"Best stock <a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>","listText":"Best stock <a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>","text":"Best stock $AMC Entertainment(AMC)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/899070338","repostId":"1185764698","repostType":4,"repost":{"id":"1185764698","kind":"news","pubTimestamp":1628146861,"share":"https://www.laohunote.com/m/news/1185764698?lang=zh_CN&edition=full","pubTime":"2021-08-05 15:01","market":"us","language":"en","title":"6 Stocks with Big Payouts and Less Risk<blockquote>6只派息高、风险小的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1185764698","media":"Barrons","summary":"High dividend yields are great for equity income investors, but it is possible to get too much of a ","content":"<p>High dividend yields are great for equity income investors, but it is possible to get too much of a good thing. The very highest yielders can be value traps, and vulnerable to cuts in their payouts.</p><p><blockquote>高股息收益率对于股票收益投资者来说非常好,但也有可能获得太多好处。收益率最高的公司可能是价值陷阱,容易受到派息削减的影响。</blockquote></p><p> The S&P 500 High Dividend Index, screened via an approach espoused by Savita Subramanian, head of U.S. equity strategy at BofA Securities, offers a way to get high payouts with more modest risk. The index, composed of 80 high-yielding dividend stocks culled from the S&P 500, has easily outperformed the S&P 500 so far this year,with a total return of 23% through Monday, compared with 18% for the broader benchmark.</p><p><blockquote>标普500高股息指数是通过美国银行证券美国股票策略主管萨维塔·苏布拉马尼亚 (Savita Subramanian) 倡导的方法筛选出来的,它提供了一种以较低风险获得高回报的方法。该指数由从标普500中挑选的 80 只高收益股息股票组成,今年迄今为止的表现轻松优于标普500,截至周一的总回报率为 23%,而更广泛的基准为 18%。</blockquote></p><p> Subramanian suggested that instead of buying the more vulnerable stocks in the top quintile of the S&P 500 in terms of yield, investors should look at the second quintile.<i>Barron’s</i>applied the same approach to the S&P 500 High Dividend Index.</p><p><blockquote>苏布拉马尼亚建议,投资者不应购买收益率排名前五分之一的标普500中更脆弱的股票,而应关注第二五分之一的股票。<i>巴伦</i>对标普500高股息指数应用了相同的方法。</blockquote></p><p> We divided the index into quintiles, each with 16 stocks. The first contained the highest yielders, so we looked at the six highest yielders in the second quintile, based on FactSet data. All six of these companies have avoided dividend suspensions due to the pandemic, though one had to cut its payout. All but one have put through dividend increases this year.</p><p><blockquote>我们将该指数分为五分位数,每个五分位数包含 16 只股票。第一个包含最高的收益率,因此我们根据 FactSet 数据研究了第二个五分之一中的六个最高收益率。这六家公司都避免了因疫情而暂停派息,但其中一家公司不得不削减派息。除一家外,所有公司今年都增加了股息。</blockquote></p><p> One is Simon Property Group(ticker: SPG), a real-estate investment trust that specializes in regional shopping malls. The stock yields an attractive 4.6%, having returned about 50% this year through Aug. 2, dividends included.</p><p><blockquote>其中之一是西蒙地产集团(股票代码:SPG),这是一家专门从事区域购物中心的房地产投资信托公司。该股的收益率为 4.6%,颇具吸引力,今年截至 8 月 2 日,包括股息在内的回报率约为 50%。</blockquote></p><p> The company recently declared a quarterly dividend of $1.50 a share, up 10 cents, or 7%, from $1.40 in the second quarter.</p><p><blockquote>该公司最近宣布季度股息为每股 1.50 美元,比第二季度的 1.40 美元上涨 10 美分,即 7%。</blockquote></p><p> During the pandemic last year, the company slashed its quarterly payout to $1.30 a share from $2.10. The increase declared in June marked the first boost since it was cut.</p><p><blockquote>去年疫情期间,该公司将季度派息从每股 2.10 美元削减至 1.30 美元。6 月份宣布的加息标志着自下调以来的首次加息。</blockquote></p><p> <b>Dividend Safety</b></p><p><blockquote><b>股息安全</b></blockquote></p><p> These companies, culled from the S&P 500 High Dividend Index, aren't among the top yielders, potentially providing some measure of dowside protection for dividend safety.</p><p><blockquote>这些从标普500高股息指数中剔除的公司并不属于收益率最高的公司之列,这可能会为股息安全提供某种程度的下行保护。</blockquote></p><p> <table> <thead> <tr> <th>Company/Ticker</th> <th>Dividend Yield</th> <th>Recent Price</th> <th>YTD Return</th> <th>Market Value (bil)</th> </tr> </thead> <tbody> <tr> <td>Simon Property Group/SPG</td> <td>4.6%</td> <td>$126.32</td> <td>51.4%</td> <td>$47.5</td> </tr> <tr> <td>People's United Financial/PBCT</td> <td>4.6</td> <td>15.63</td> <td>25.1</td> <td>6.7</td> </tr> <tr> <td>International Business Machines/IBM</td> <td>4.6</td> <td>141.42</td> <td>15.1</td> <td>126.8</td> </tr> <tr> <td>LyondellBasell Industries/LYB</td> <td>4.6</td> <td>98.90</td> <td>10.0</td> <td>33.1</td> </tr> <tr> <td>Prudential Financial/PRU</td> <td>4.5</td> <td>100.20</td> <td>31.6</td> <td>39.5</td> </tr> <tr> <td>Dow/DOW</td> <td>4.5</td> <td>61.22</td> <td>12.7</td> <td>45.7</td> </tr> </tbody> </table> Data as of Aug. 2</p><p><blockquote><table><thead><tr><th>公司/股票</th><th>股息收益率</th><th>近期价格</th><th>年初至今回报</th><th>市值(bil)</th></tr></thead><tbody><tr><td>西蒙地产集团/SPG</td><td>4.6%</td><td>$126.32</td><td>51.4%</td><td>$47.5</td></tr><tr><td>人民联合金融/PBCT</td><td>4.6</td><td>15.63</td><td>25.1</td><td>6.7</td></tr><tr><td>国际商业机器公司/IBM</td><td>4.6</td><td>141.42</td><td>15.1</td><td>126.8</td></tr><tr><td>利安德巴塞尔工业/LYB</td><td>4.6</td><td>98.90</td><td>10.0</td><td>33.1</td></tr><tr><td>保诚金融/PRU</td><td>4.5</td><td>100.20</td><td>31.6</td><td>39.5</td></tr><tr><td>道指/道指</td><td>4.5</td><td>61.22</td><td>12.7</td><td>45.7</td></tr></tbody></table>截至8月2日的数据</blockquote></p><p> Source: FactSet</p><p><blockquote>来源:FactSet</blockquote></p><p> Also weighing in with yields of 4.6% were People’s United Financial (PBCT), a regional bank based in Bridgeport, Conn., with a footprint that stretches across southeastern New York state and parts of New England;International Business Machines(IBM), and the chemicals company LyondellBasell Industries(LYB).</p><p><blockquote>人民联合金融公司(People's United Financial,PBCT)是一家总部位于康涅狄格州布里奇波特的地区性银行,业务遍及纽约州东南部和新英格兰部分地区,收益率为 4.6%;国际商业机器公司 (IBM) 和化学品公司利安德巴塞尔工业公司 (LYB)。</blockquote></p><p> Shares of International Business Machines (IBM) have done respectably this year, returning about 15%, versus 18% for the S&P 500. The company is a relatively new member of the S&P 500 Dividend Aristocrat Index, a grouping of businesses that have paid out a higher dividend for at least 25 straight years.</p><p><blockquote>国际商业机器公司 (IBM) 的股价今年表现可观,回报率约为 15%,而标普500的回报率为 18%。该公司是标普500股息贵族指数中相对较新的成员,该指数是一组至少连续 25 年支付较高股息的企业。</blockquote></p><p> IBM in April declared a dividend increase of a penny, or less than 1%, to $1.64 a share.</p><p><blockquote>IBM 4 月份宣布将股息增加 1 美分,即不到 1%,至每股 1.64 美元。</blockquote></p><p> LyondellBasell Industries recently declared a quarterly disbursement of $1.13 a share, a nearly 8% boost from $1.05.</p><p><blockquote>利安德巴塞尔工业公司最近宣布季度派息为每股 1.13 美元,较 1.05 美元增长近 8%。</blockquote></p><p> Meanwhile, insurer and money manager Prudential Financial (PRU) was recently yielding 4.5%. The company in February declared a quarterly dividend of $1.15 a share, versus $1.10 previously, for a nearly 5% increase. In an interview with<i>Barron’s</i>earlier this year, CEO Charlie Lowrey described the company’s dividend as “something you don’t mess with.”</p><p><blockquote>与此同时,保险公司和基金管理公司保诚金融 (PRU) 最近的收益率为 4.5%。该公司2月份宣布季度股息为每股1.15美元,而之前为1.10美元,增长近5%。在接受采访时<i>巴伦</i>今年早些时候,首席执行官查理-洛瑞(Charlie Lowrey)将公司的股息描述为 “你不能乱动的东西”。</blockquote></p><p> Chemical company Dow (DOW), which also was yielding 4.5% recently, has maintained its quarterly dividend at 70 cents a share. Its year-to-date total return was about 13% as of Monday.</p><p><blockquote>化学公司陶氏化学(DOW)最近的收益率也为4.5%,将季度股息维持在每股70美分。截至周一,其今年迄今为止的总回报率约为 13%。</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>6 Stocks with Big Payouts and Less Risk<blockquote>6只派息高、风险小的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n6 Stocks with Big Payouts and Less Risk<blockquote>6只派息高、风险小的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-08-05 15:01</span>\n</p>\n</h4>\n</header>\n<article>\n<p>High dividend yields are great for equity income investors, but it is possible to get too much of a good thing. The very highest yielders can be value traps, and vulnerable to cuts in their payouts.</p><p><blockquote>高股息收益率对于股票收益投资者来说非常好,但也有可能获得太多好处。收益率最高的公司可能是价值陷阱,容易受到派息削减的影响。</blockquote></p><p> The S&P 500 High Dividend Index, screened via an approach espoused by Savita Subramanian, head of U.S. equity strategy at BofA Securities, offers a way to get high payouts with more modest risk. The index, composed of 80 high-yielding dividend stocks culled from the S&P 500, has easily outperformed the S&P 500 so far this year,with a total return of 23% through Monday, compared with 18% for the broader benchmark.</p><p><blockquote>标普500高股息指数是通过美国银行证券美国股票策略主管萨维塔·苏布拉马尼亚 (Savita Subramanian) 倡导的方法筛选出来的,它提供了一种以较低风险获得高回报的方法。该指数由从标普500中挑选的 80 只高收益股息股票组成,今年迄今为止的表现轻松优于标普500,截至周一的总回报率为 23%,而更广泛的基准为 18%。</blockquote></p><p> Subramanian suggested that instead of buying the more vulnerable stocks in the top quintile of the S&P 500 in terms of yield, investors should look at the second quintile.<i>Barron’s</i>applied the same approach to the S&P 500 High Dividend Index.</p><p><blockquote>苏布拉马尼亚建议,投资者不应购买收益率排名前五分之一的标普500中更脆弱的股票,而应关注第二五分之一的股票。<i>巴伦</i>对标普500高股息指数应用了相同的方法。</blockquote></p><p> We divided the index into quintiles, each with 16 stocks. The first contained the highest yielders, so we looked at the six highest yielders in the second quintile, based on FactSet data. All six of these companies have avoided dividend suspensions due to the pandemic, though one had to cut its payout. All but one have put through dividend increases this year.</p><p><blockquote>我们将该指数分为五分位数,每个五分位数包含 16 只股票。第一个包含最高的收益率,因此我们根据 FactSet 数据研究了第二个五分之一中的六个最高收益率。这六家公司都避免了因疫情而暂停派息,但其中一家公司不得不削减派息。除一家外,所有公司今年都增加了股息。</blockquote></p><p> One is Simon Property Group(ticker: SPG), a real-estate investment trust that specializes in regional shopping malls. The stock yields an attractive 4.6%, having returned about 50% this year through Aug. 2, dividends included.</p><p><blockquote>其中之一是西蒙地产集团(股票代码:SPG),这是一家专门从事区域购物中心的房地产投资信托公司。该股的收益率为 4.6%,颇具吸引力,今年截至 8 月 2 日,包括股息在内的回报率约为 50%。</blockquote></p><p> The company recently declared a quarterly dividend of $1.50 a share, up 10 cents, or 7%, from $1.40 in the second quarter.</p><p><blockquote>该公司最近宣布季度股息为每股 1.50 美元,比第二季度的 1.40 美元上涨 10 美分,即 7%。</blockquote></p><p> During the pandemic last year, the company slashed its quarterly payout to $1.30 a share from $2.10. The increase declared in June marked the first boost since it was cut.</p><p><blockquote>去年疫情期间,该公司将季度派息从每股 2.10 美元削减至 1.30 美元。6 月份宣布的加息标志着自下调以来的首次加息。</blockquote></p><p> <b>Dividend Safety</b></p><p><blockquote><b>股息安全</b></blockquote></p><p> These companies, culled from the S&P 500 High Dividend Index, aren't among the top yielders, potentially providing some measure of dowside protection for dividend safety.</p><p><blockquote>这些从标普500高股息指数中剔除的公司并不属于收益率最高的公司之列,这可能会为股息安全提供某种程度的下行保护。</blockquote></p><p> <table> <thead> <tr> <th>Company/Ticker</th> <th>Dividend Yield</th> <th>Recent Price</th> <th>YTD Return</th> <th>Market Value (bil)</th> </tr> </thead> <tbody> <tr> <td>Simon Property Group/SPG</td> <td>4.6%</td> <td>$126.32</td> <td>51.4%</td> <td>$47.5</td> </tr> <tr> <td>People's United Financial/PBCT</td> <td>4.6</td> <td>15.63</td> <td>25.1</td> <td>6.7</td> </tr> <tr> <td>International Business Machines/IBM</td> <td>4.6</td> <td>141.42</td> <td>15.1</td> <td>126.8</td> </tr> <tr> <td>LyondellBasell Industries/LYB</td> <td>4.6</td> <td>98.90</td> <td>10.0</td> <td>33.1</td> </tr> <tr> <td>Prudential Financial/PRU</td> <td>4.5</td> <td>100.20</td> <td>31.6</td> <td>39.5</td> </tr> <tr> <td>Dow/DOW</td> <td>4.5</td> <td>61.22</td> <td>12.7</td> <td>45.7</td> </tr> </tbody> </table> Data as of Aug. 2</p><p><blockquote><table><thead><tr><th>公司/股票</th><th>股息收益率</th><th>近期价格</th><th>年初至今回报</th><th>市值(bil)</th></tr></thead><tbody><tr><td>西蒙地产集团/SPG</td><td>4.6%</td><td>$126.32</td><td>51.4%</td><td>$47.5</td></tr><tr><td>人民联合金融/PBCT</td><td>4.6</td><td>15.63</td><td>25.1</td><td>6.7</td></tr><tr><td>国际商业机器公司/IBM</td><td>4.6</td><td>141.42</td><td>15.1</td><td>126.8</td></tr><tr><td>利安德巴塞尔工业/LYB</td><td>4.6</td><td>98.90</td><td>10.0</td><td>33.1</td></tr><tr><td>保诚金融/PRU</td><td>4.5</td><td>100.20</td><td>31.6</td><td>39.5</td></tr><tr><td>道指/道指</td><td>4.5</td><td>61.22</td><td>12.7</td><td>45.7</td></tr></tbody></table>截至8月2日的数据</blockquote></p><p> Source: FactSet</p><p><blockquote>来源:FactSet</blockquote></p><p> Also weighing in with yields of 4.6% were People’s United Financial (PBCT), a regional bank based in Bridgeport, Conn., with a footprint that stretches across southeastern New York state and parts of New England;International Business Machines(IBM), and the chemicals company LyondellBasell Industries(LYB).</p><p><blockquote>人民联合金融公司(People's United Financial,PBCT)是一家总部位于康涅狄格州布里奇波特的地区性银行,业务遍及纽约州东南部和新英格兰部分地区,收益率为 4.6%;国际商业机器公司 (IBM) 和化学品公司利安德巴塞尔工业公司 (LYB)。</blockquote></p><p> Shares of International Business Machines (IBM) have done respectably this year, returning about 15%, versus 18% for the S&P 500. The company is a relatively new member of the S&P 500 Dividend Aristocrat Index, a grouping of businesses that have paid out a higher dividend for at least 25 straight years.</p><p><blockquote>国际商业机器公司 (IBM) 的股价今年表现可观,回报率约为 15%,而标普500的回报率为 18%。该公司是标普500股息贵族指数中相对较新的成员,该指数是一组至少连续 25 年支付较高股息的企业。</blockquote></p><p> IBM in April declared a dividend increase of a penny, or less than 1%, to $1.64 a share.</p><p><blockquote>IBM 4 月份宣布将股息增加 1 美分,即不到 1%,至每股 1.64 美元。</blockquote></p><p> LyondellBasell Industries recently declared a quarterly disbursement of $1.13 a share, a nearly 8% boost from $1.05.</p><p><blockquote>利安德巴塞尔工业公司最近宣布季度派息为每股 1.13 美元,较 1.05 美元增长近 8%。</blockquote></p><p> Meanwhile, insurer and money manager Prudential Financial (PRU) was recently yielding 4.5%. The company in February declared a quarterly dividend of $1.15 a share, versus $1.10 previously, for a nearly 5% increase. In an interview with<i>Barron’s</i>earlier this year, CEO Charlie Lowrey described the company’s dividend as “something you don’t mess with.”</p><p><blockquote>与此同时,保险公司和基金管理公司保诚金融 (PRU) 最近的收益率为 4.5%。该公司2月份宣布季度股息为每股1.15美元,而之前为1.10美元,增长近5%。在接受采访时<i>巴伦</i>今年早些时候,首席执行官查理-洛瑞(Charlie Lowrey)将公司的股息描述为 “你不能乱动的东西”。</blockquote></p><p> Chemical company Dow (DOW), which also was yielding 4.5% recently, has maintained its quarterly dividend at 70 cents a share. Its year-to-date total return was about 13% as of Monday.</p><p><blockquote>化学公司陶氏化学(DOW)最近的收益率也为4.5%,将季度股息维持在每股70美分。截至周一,其今年迄今为止的总回报率约为 13%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.barrons.com/articles/dividend-stocks-big-payouts-less-risk-51628094245?mod=RTA\">Barrons</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PRU":"保德信金融","IBM":"IBM","DOW":"陶氏化学","LYB":"利安德巴塞尔","SPG":"西蒙地产","PBCT":"人联金融"},"source_url":"https://www.barrons.com/articles/dividend-stocks-big-payouts-less-risk-51628094245?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185764698","content_text":"High dividend yields are great for equity income investors, but it is possible to get too much of a good thing. The very highest yielders can be value traps, and vulnerable to cuts in their payouts.\nThe S&P 500 High Dividend Index, screened via an approach espoused by Savita Subramanian, head of U.S. equity strategy at BofA Securities, offers a way to get high payouts with more modest risk. The index, composed of 80 high-yielding dividend stocks culled from the S&P 500, has easily outperformed the S&P 500 so far this year,with a total return of 23% through Monday, compared with 18% for the broader benchmark.\nSubramanian suggested that instead of buying the more vulnerable stocks in the top quintile of the S&P 500 in terms of yield, investors should look at the second quintile.Barron’sapplied the same approach to the S&P 500 High Dividend Index.\nWe divided the index into quintiles, each with 16 stocks. The first contained the highest yielders, so we looked at the six highest yielders in the second quintile, based on FactSet data. All six of these companies have avoided dividend suspensions due to the pandemic, though one had to cut its payout. All but one have put through dividend increases this year.\nOne is Simon Property Group(ticker: SPG), a real-estate investment trust that specializes in regional shopping malls. The stock yields an attractive 4.6%, having returned about 50% this year through Aug. 2, dividends included.\nThe company recently declared a quarterly dividend of $1.50 a share, up 10 cents, or 7%, from $1.40 in the second quarter.\nDuring the pandemic last year, the company slashed its quarterly payout to $1.30 a share from $2.10. The increase declared in June marked the first boost since it was cut.\nDividend Safety\nThese companies, culled from the S&P 500 High Dividend Index, aren't among the top yielders, potentially providing some measure of dowside protection for dividend safety.\n\n\n\n\nCompany/Ticker\nDividend Yield\nRecent Price\nYTD Return\nMarket Value (bil)\n\n\n\n\nSimon Property Group/SPG\n4.6%\n$126.32\n51.4%\n$47.5\n\n\nPeople's United Financial/PBCT\n4.6\n15.63\n25.1\n6.7\n\n\nInternational Business Machines/IBM\n4.6\n141.42\n15.1\n126.8\n\n\nLyondellBasell Industries/LYB\n4.6\n98.90\n10.0\n33.1\n\n\nPrudential Financial/PRU\n4.5\n100.20\n31.6\n39.5\n\n\nDow/DOW\n4.5\n61.22\n12.7\n45.7\n\n\n\nData as of Aug. 2\nSource: FactSet\nAlso weighing in with yields of 4.6% were People’s United Financial (PBCT), a regional bank based in Bridgeport, Conn., with a footprint that stretches across southeastern New York state and parts of New England;International Business Machines(IBM), and the chemicals company LyondellBasell Industries(LYB).\nShares of International Business Machines (IBM) have done respectably this year, returning about 15%, versus 18% for the S&P 500. The company is a relatively new member of the S&P 500 Dividend Aristocrat Index, a grouping of businesses that have paid out a higher dividend for at least 25 straight years.\nIBM in April declared a dividend increase of a penny, or less than 1%, to $1.64 a share.\nLyondellBasell Industries recently declared a quarterly disbursement of $1.13 a share, a nearly 8% boost from $1.05.\nMeanwhile, insurer and money manager Prudential Financial (PRU) was recently yielding 4.5%. The company in February declared a quarterly dividend of $1.15 a share, versus $1.10 previously, for a nearly 5% increase. In an interview withBarron’searlier this year, CEO Charlie Lowrey described the company’s dividend as “something you don’t mess with.”\nChemical company Dow (DOW), which also was yielding 4.5% recently, has maintained its quarterly dividend at 70 cents a share. Its year-to-date total return was about 13% as of Monday.","news_type":1,"symbols_score_info":{"PBCT":0.9,"PRU":0.9,"LYB":0.9,"IBM":0.9,"DOW":0.9,"SPG":0.9}},"isVote":1,"tweetType":1,"viewCount":2194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802420699,"gmtCreate":1627797440111,"gmtModify":1631888041068,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574222119045289","authorIdStr":"3574222119045289"},"themes":[],"title":"","htmlText":"Like n. Share!","listText":"Like n. Share!","text":"Like n. Share!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/802420699","repostId":"2155001152","repostType":4,"isVote":1,"tweetType":1,"viewCount":2295,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":809666861,"gmtCreate":1627366543453,"gmtModify":1631888041087,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574222119045289","authorIdStr":"3574222119045289"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>The squeeze is inevitable!!","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>The squeeze is inevitable!!","text":"$AMC Entertainment(AMC)$The squeeze is inevitable!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/809666861","isVote":1,"tweetType":1,"viewCount":2442,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":809669960,"gmtCreate":1627366270150,"gmtModify":1631888041095,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574222119045289","authorIdStr":"3574222119045289"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>Squeeze is coming its INEVITABLE!!!","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>Squeeze is coming its INEVITABLE!!!","text":"$AMC Entertainment(AMC)$Squeeze is coming its INEVITABLE!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/809669960","isVote":1,"tweetType":1,"viewCount":2810,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800735934,"gmtCreate":1627317842728,"gmtModify":1631888041108,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574222119045289","authorIdStr":"3574222119045289"},"themes":[],"title":"","htmlText":"This is a good article!!<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>","listText":"This is a good article!!<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>","text":"This is a good article!!$AMC Entertainment(AMC)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/800735934","repostId":"1107003799","repostType":4,"repost":{"id":"1107003799","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":1627310426,"share":"https://www.laohunote.com/m/news/1107003799?lang=zh_CN&edition=full","pubTime":"2021-07-26 22:40","market":"us","language":"en","title":"Some meme stocks surged in Monday morning trading<blockquote>一些模因股票在周一早盘交易中飙升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1107003799","media":"Tiger Newspress","summary":"Some meme stocks surged in Monday morning trading.Express and AMC Entertainment surged 8%,GameStop r","content":"<p>Some meme stocks surged in Monday morning trading.Express and AMC Entertainment surged 8%,GameStop rose 1%.</p><p><blockquote>一些模因股票在周一早盘交易中飙升.Express和AMC院线飙升8%, GameStop上涨1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9f0ee077954bbfaa81c6e9b8ee0c2159\" tg-width=\"371\" tg-height=\"474\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8afd478d8a8529af8275e1431025abb6\" tg-width=\"376\" tg-height=\"296\" width=\"100%\" height=\"auto\"></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>Some meme stocks surged in Monday morning trading<blockquote>一些模因股票在周一早盘交易中飙升</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; 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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\">\nSome meme stocks surged in Monday morning trading<blockquote>一些模因股票在周一早盘交易中飙升</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\">2021-07-26 22:40</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Some meme stocks surged in Monday morning trading.Express and AMC Entertainment surged 8%,GameStop rose 1%.</p><p><blockquote>一些模因股票在周一早盘交易中飙升.Express和AMC院线飙升8%, GameStop上涨1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9f0ee077954bbfaa81c6e9b8ee0c2159\" tg-width=\"371\" tg-height=\"474\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8afd478d8a8529af8275e1431025abb6\" tg-width=\"376\" tg-height=\"296\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WKHS":"Workhorse Group, Inc.","GME":"游戏驿站","AMC":"AMC院线","CARV":"卡弗储蓄","EXPR":"Express, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107003799","content_text":"Some meme stocks surged in Monday morning trading.Express and AMC Entertainment surged 8%,GameStop rose 1%.","news_type":1,"symbols_score_info":{"GME":0.9,"AMC":0.9,"EXPR":0.9,"CARV":0.9,"WKHS":0.9}},"isVote":1,"tweetType":1,"viewCount":2574,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800732294,"gmtCreate":1627317806218,"gmtModify":1631888041121,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574222119045289","authorIdStr":"3574222119045289"},"themes":[],"title":"","htmlText":"Commrnt?!","listText":"Commrnt?!","text":"Commrnt?!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/800732294","repostId":"1100647798","repostType":4,"repost":{"id":"1100647798","kind":"news","pubTimestamp":1627313442,"share":"https://www.laohunote.com/m/news/1100647798?lang=zh_CN&edition=full","pubTime":"2021-07-26 23:30","market":"us","language":"en","title":"Apple Earnings Face High Expectations<blockquote>苹果盈利面临高期望</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1100647798","media":"seekingalpha","summary":"After the bell on Tuesday, we'll receive fiscal third quarter results from technology giant Apple for its June ending period. With the company's previous two quarterly earnings reports smashing street estimates, it's not really a surprise that expectations have continued to rise. With shares rallying in recent weeks to new all-time highs, another strong report will likely be needed to keep things going.I'm sure analysts will also be looking to see how Apple has navigated the chip shortage as we","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Shares go into report near all-time high.</li> <li>Estimates surge after two massive beats.</li> <li>Timing of product launches will shift revenue picture.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bdd5b8fd99a0523d96bf052afd8c1b37\" tg-width=\"1536\" tg-height=\"988\" width=\"100%\" height=\"auto\"><span>Nikada/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>股价接近历史新高。</li><li>两次巨大的打击后,估计飙升。</li><li>产品发布的时机将改变收入格局。</li></ul><p class=\"t-img-caption\"><span>Nikada/iStock 未通过 Getty Images 发布</span></p></blockquote></p><p> After the bell on Tuesday, we'll receive fiscal third quarter results from technology giant Apple (AAPL) for its June ending period. With the company's previous two quarterly earnings reports smashing street estimates, it's not really a surprise that expectations have continued to rise. With shares rallying in recent weeks to new all-time highs, another strong report will likely be needed to keep things going.</p><p><blockquote>周二收盘后,我们将收到科技巨头苹果 (AAPL) 截至 6 月份的第三财季业绩。随着该公司前两份季度收益报告超出华尔街预期,预期持续上升也就不足为奇了。随着最近几周股价反弹至历史新高,可能需要另一份强劲的报告来保持事态发展。</blockquote></p><p> For the first half of fiscal 2021, Apple's revenues have beaten street estimates by an average of $10.25 billion per quarter. The fiscal Q3 current average estimate is $73.44 billion, which would represent growth of more than 23% from the year-ago period. It's quite impressive that the current average is up more than $13 billion over the past year. On the bottom line, the street is looking for $1.01, growth of more than 56%. In the table below, you can see some Q3 key financial items for the past two years, with the current estimates for this year's period in yellow. Dollar values are millions except per share amounts.</p><p><blockquote>2021财年上半年,苹果的收入平均每季度超过华尔街预期102.5亿美元。第三财季目前的平均估计为 734.4 亿美元,比去年同期增长 23% 以上。令人印象深刻的是,目前的平均水平比过去一年增加了130多亿美元。底线是,华尔街正在寻找1.01美元,增长超过56%。在下表中,您可以看到过去两年的一些第三季度关键财务项目,今年同期的当前估计以黄色显示。美元价值为数百万,不包括每股金额。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df8630a7ef0be70113aeac0d50265a57\" tg-width=\"476\" tg-height=\"361\" width=\"100%\" height=\"auto\"><span>(*Numbers estimated based on last year's split. Actual numbers to come from the company. Source: Fiscal Q3 2020 report)</span></p><p><blockquote><p class=\"t-img-caption\"><span>(*根据去年的拆分估算的数字。实际数字来自公司。资料来源:2020 财年第三季度报告)</span></p></blockquote></p><p> Apple is comingoff arguably its best quarter ever. Revenues for the iPhone were up more than 65.5% over the prior-year period, with the Mac up more than 70% and iPad up nearly 79%. Fiscal Q2 overall revenue growth was nearly 54%, so this time around we're looking for about 40% of that figure. Don't forget, on the Q2 conference call, management talked about a $3 billion to $4 billion revenue hit in the June period from supply constraints.</p><p><blockquote>苹果即将迎来有史以来最好的一个季度。iPhone 的收入比去年同期增长了 65.5% 以上,Mac 增长了 70% 以上,iPad 增长了近 79%。第二财季总收入增长率接近 54%,因此这次我们希望达到该数字的 40% 左右。别忘了,在第二季度电话会议上,管理层谈到了 6 月份供应限制将导致 30 亿至 40 亿美元的收入损失。</blockquote></p><p> I'm most curious to see how the iPhone does this time around, as it appears that the 5G supercycle seems to be going pretty well. This year, however, most expectations are that the smartphone will return to its usual September launch period, meaning new phone revenues would be generated in fiscal Q4 again. Last year's coronavirus delayed launch meant sales didn't start until well into October and even November for some models, completely changing the sales trajectory for Apple's current fiscal year. This year's launch isn't expected to see a major upgrade to the phone line itself, so demand trends will probably be more dependent on how many consumers are upgrading to 5G rather than switching to iPhones.</p><p><blockquote>我最好奇的是iPhone这次的表现如何,因为5G超级周期似乎进展得相当顺利。然而,今年,大多数人预计智能手机将回到通常的 9 月份发布期,这意味着新手机收入将在第四财季再次产生。去年的冠状病毒推迟了发布,这意味着某些型号的销售要到 10 月甚至 11 月才开始,彻底改变了苹果本财年的销售轨迹。今年的发布预计不会对电话线本身进行重大升级,因此需求趋势可能更多地取决于有多少消费者升级到5G,而不是转向iPhone。</blockquote></p><p> I'm sure analysts will also be looking to see how Apple has navigated the chip shortage as well as soaring commodity prices. I don't think we will see a repeat of the 575 basis point increase in product gross margins that Q2 saw this time around, but the iPhone 12 line should still provide a nice year-over-year boost. In the long run, investors will look at growing services margins helping the gross margin percentage overall, but don't forget that the services side of the business has a lot of its expenses on the operating line.</p><p><blockquote>我相信分析师也会关注苹果如何应对芯片短缺和大宗商品价格飙升的问题。我认为我们不会看到第二季度产品毛利率增长 575 个基点的重演,但 iPhone 12 系列仍应提供不错的同比增长。从长远来看,投资者将关注不断增长的服务利润率有助于提高整体毛利率百分比,但不要忘记,该业务的服务方面有很多运营支出。</blockquote></p><p> For the stock to stay elevated, management is going to need to show that work from home and stimulus money tailwinds are still ongoing. As I discussed in a previous article, estimates call for Apple to see quarterly revenues decline for its March 2022 fiscal period, as the company laps very high previous year bars. While that might bring out some of the bears again, the long-term trajectory still seems positive. Current estimates call for $355 billion in total revenue during this fiscal year with Apple adding another $50 billion to that total over the next three years.</p><p><blockquote>为了使股价保持高位,管理层需要表明在家工作和刺激资金的顺风仍在继续。正如我在上一篇文章中讨论的那样,看涨期权预计苹果 2022 年 3 月财年的季度收入将下降,因为该公司去年的水平非常高。虽然这可能会再次引发一些空头,但长期轨迹似乎仍然是积极的。目前估计看涨期权本财年的总收入为 3550 亿美元,苹果将在未来三年内再增加 500 亿美元。</blockquote></p><p> I hope that management took advantage of the weakness in Apple shares during the quarter for its buyback. Even though the company is spending $20 billion or so every three months, that money doesn't go as far as $145 as it does at $125, obviously. Less shares repurchased means less of an earnings per share benefit, and lower long-term dividend raises. The good news is that Apple is on its way towards $100 billion a year in free cash flow, so investors don't need to worry about capital returns slowing down anytime soon.</p><p><blockquote>我希望管理层利用本季度苹果股价的疲软进行回购。尽管该公司每三个月花费 200 亿美元左右,但显然,这笔钱不会像 125 美元那样达到 145 美元。回购的股票减少意味着每股收益减少,长期股息增加也减少。好消息是,苹果的自由现金流正在迈向每年 1000 亿美元,因此投资者无需担心资本回报率会很快放缓。</blockquote></p><p></p><p> The major issue for Apple right now is valuation. Shares finished last week trading at 33.4 times their trailing twelve-month earnings. That's basically double the mid-teens numbers from a couple of years ago, helped a lot by easy-money policies around the globe. My current price target of $162 is based on a 30X multiple of $5.40 in EPS for the September 2022 period. That number, however, assumes that the Fed and other central banks will remain fairly accommodative through most of next year. If we start to get a lot of tapering and or rate hikes earlier than expected, the overall market is likely to feel some pain, and I don't see how Apple would be immune from that.</p><p><blockquote>苹果目前的主要问题是估值。上周股价收于过去 12 个月市盈率的 33.4 倍。这基本上是几年前十几岁左右人数的两倍,这得益于全球宽松货币政策。我目前的目标价为 162 美元,是基于 2022 年 9 月期间每股收益 5.40 美元的 30 倍。然而,这个数字是假设美联储和其他央行在明年大部分时间里将保持相当宽松的态度。如果我们开始比预期更早地进行大量缩减规模和/或加息,整个市场可能会感受到一些痛苦,我看不出苹果如何能够幸免。</blockquote></p><p> A strong report from Apple could easily help shares to rise to a new all-time high. But just to play devil's advocate for a minute, what if there is a disappointment or a \"buy the rumor, sell the news\" reaction? Well, shares are quite a bit above their key moving averages as seen in the chart below (50-day in purple, 200-day in orange). As long as Apple can hold the shorter-term trend line, that rising technical level should be one of support. The stock has been able to hold the long-term trend line for quite a while, so I don't see any more than about 14% downside in the near term unless we get a major market pullback.</p><p><blockquote>苹果的强劲报告很容易帮助股价升至历史新高。但只是扮演一分钟魔鬼的代言人,如果出现失望或“买谣言,卖新闻”的反应呢?嗯,如下图所示,股价远高于其关键移动平均线(紫色为 50 天,橙色为 200 天)。只要苹果能够守住短期趋势线,上升的技术水平应该是支撑之一。该股已经能够在相当长的一段时间内保持长期趋势线,因此我认为短期内不会有超过 14% 的下跌空间,除非我们看到市场出现重大回调。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dc37ee144edb22fd36fcd15cf5fc3470\" tg-width=\"640\" tg-height=\"273\" width=\"100%\" height=\"auto\"><span>(Source: Yahoo! Finance)</span></p><p><blockquote><p class=\"t-img-caption\"><span>(来源:雅虎财经)</span></p></blockquote></p><p> In the end, expectations for Apple are very high as earnings approach this week. Two massive quarterly beats have sent estimates through the roof, and the stock has recently run to a new all-time high. The market will be looking for signs that the iPhone supercycle has continued while work from home tailwinds have not subsided just yet. Investors hoping that this rally can continue will need to see a strong report, with management hopefully painting a bright sales picture for upcoming fall product launches.</p><p><blockquote>最后,随着本周财报的临近,人们对苹果的期望非常高。两个季度大幅上涨导致估值飙升,该股最近创下历史新高。市场将寻找 iPhone 超级周期仍在继续的迹象,而在家工作的顺风尚未消退。希望这种涨势能够持续下去的投资者需要看到一份强劲的报告,管理层希望为即将到来的秋季产品发布描绘一幅光明的销售画面。</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>Apple Earnings Face High Expectations<blockquote>苹果盈利面临高期望</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Earnings Face High Expectations<blockquote>苹果盈利面临高期望</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-07-26 23:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Shares go into report near all-time high.</li> <li>Estimates surge after two massive beats.</li> <li>Timing of product launches will shift revenue picture.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bdd5b8fd99a0523d96bf052afd8c1b37\" tg-width=\"1536\" tg-height=\"988\" width=\"100%\" height=\"auto\"><span>Nikada/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>股价接近历史新高。</li><li>两次巨大的打击后,估计飙升。</li><li>产品发布的时机将改变收入格局。</li></ul><p class=\"t-img-caption\"><span>Nikada/iStock 未通过 Getty Images 发布</span></p></blockquote></p><p> After the bell on Tuesday, we'll receive fiscal third quarter results from technology giant Apple (AAPL) for its June ending period. With the company's previous two quarterly earnings reports smashing street estimates, it's not really a surprise that expectations have continued to rise. With shares rallying in recent weeks to new all-time highs, another strong report will likely be needed to keep things going.</p><p><blockquote>周二收盘后,我们将收到科技巨头苹果 (AAPL) 截至 6 月份的第三财季业绩。随着该公司前两份季度收益报告超出华尔街预期,预期持续上升也就不足为奇了。随着最近几周股价反弹至历史新高,可能需要另一份强劲的报告来保持事态发展。</blockquote></p><p> For the first half of fiscal 2021, Apple's revenues have beaten street estimates by an average of $10.25 billion per quarter. The fiscal Q3 current average estimate is $73.44 billion, which would represent growth of more than 23% from the year-ago period. It's quite impressive that the current average is up more than $13 billion over the past year. On the bottom line, the street is looking for $1.01, growth of more than 56%. In the table below, you can see some Q3 key financial items for the past two years, with the current estimates for this year's period in yellow. Dollar values are millions except per share amounts.</p><p><blockquote>2021财年上半年,苹果的收入平均每季度超过华尔街预期102.5亿美元。第三财季目前的平均估计为 734.4 亿美元,比去年同期增长 23% 以上。令人印象深刻的是,目前的平均水平比过去一年增加了130多亿美元。底线是,华尔街正在寻找1.01美元,增长超过56%。在下表中,您可以看到过去两年的一些第三季度关键财务项目,今年同期的当前估计以黄色显示。美元价值为数百万,不包括每股金额。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df8630a7ef0be70113aeac0d50265a57\" tg-width=\"476\" tg-height=\"361\" width=\"100%\" height=\"auto\"><span>(*Numbers estimated based on last year's split. Actual numbers to come from the company. Source: Fiscal Q3 2020 report)</span></p><p><blockquote><p class=\"t-img-caption\"><span>(*根据去年的拆分估算的数字。实际数字来自公司。资料来源:2020 财年第三季度报告)</span></p></blockquote></p><p> Apple is comingoff arguably its best quarter ever. Revenues for the iPhone were up more than 65.5% over the prior-year period, with the Mac up more than 70% and iPad up nearly 79%. Fiscal Q2 overall revenue growth was nearly 54%, so this time around we're looking for about 40% of that figure. Don't forget, on the Q2 conference call, management talked about a $3 billion to $4 billion revenue hit in the June period from supply constraints.</p><p><blockquote>苹果即将迎来有史以来最好的一个季度。iPhone 的收入比去年同期增长了 65.5% 以上,Mac 增长了 70% 以上,iPad 增长了近 79%。第二财季总收入增长率接近 54%,因此这次我们希望达到该数字的 40% 左右。别忘了,在第二季度电话会议上,管理层谈到了 6 月份供应限制将导致 30 亿至 40 亿美元的收入损失。</blockquote></p><p> I'm most curious to see how the iPhone does this time around, as it appears that the 5G supercycle seems to be going pretty well. This year, however, most expectations are that the smartphone will return to its usual September launch period, meaning new phone revenues would be generated in fiscal Q4 again. Last year's coronavirus delayed launch meant sales didn't start until well into October and even November for some models, completely changing the sales trajectory for Apple's current fiscal year. This year's launch isn't expected to see a major upgrade to the phone line itself, so demand trends will probably be more dependent on how many consumers are upgrading to 5G rather than switching to iPhones.</p><p><blockquote>我最好奇的是iPhone这次的表现如何,因为5G超级周期似乎进展得相当顺利。然而,今年,大多数人预计智能手机将回到通常的 9 月份发布期,这意味着新手机收入将在第四财季再次产生。去年的冠状病毒推迟了发布,这意味着某些型号的销售要到 10 月甚至 11 月才开始,彻底改变了苹果本财年的销售轨迹。今年的发布预计不会对电话线本身进行重大升级,因此需求趋势可能更多地取决于有多少消费者升级到5G,而不是转向iPhone。</blockquote></p><p> I'm sure analysts will also be looking to see how Apple has navigated the chip shortage as well as soaring commodity prices. I don't think we will see a repeat of the 575 basis point increase in product gross margins that Q2 saw this time around, but the iPhone 12 line should still provide a nice year-over-year boost. In the long run, investors will look at growing services margins helping the gross margin percentage overall, but don't forget that the services side of the business has a lot of its expenses on the operating line.</p><p><blockquote>我相信分析师也会关注苹果如何应对芯片短缺和大宗商品价格飙升的问题。我认为我们不会看到第二季度产品毛利率增长 575 个基点的重演,但 iPhone 12 系列仍应提供不错的同比增长。从长远来看,投资者将关注不断增长的服务利润率有助于提高整体毛利率百分比,但不要忘记,该业务的服务方面有很多运营支出。</blockquote></p><p> For the stock to stay elevated, management is going to need to show that work from home and stimulus money tailwinds are still ongoing. As I discussed in a previous article, estimates call for Apple to see quarterly revenues decline for its March 2022 fiscal period, as the company laps very high previous year bars. While that might bring out some of the bears again, the long-term trajectory still seems positive. Current estimates call for $355 billion in total revenue during this fiscal year with Apple adding another $50 billion to that total over the next three years.</p><p><blockquote>为了使股价保持高位,管理层需要表明在家工作和刺激资金的顺风仍在继续。正如我在上一篇文章中讨论的那样,看涨期权预计苹果 2022 年 3 月财年的季度收入将下降,因为该公司去年的水平非常高。虽然这可能会再次引发一些空头,但长期轨迹似乎仍然是积极的。目前估计看涨期权本财年的总收入为 3550 亿美元,苹果将在未来三年内再增加 500 亿美元。</blockquote></p><p> I hope that management took advantage of the weakness in Apple shares during the quarter for its buyback. Even though the company is spending $20 billion or so every three months, that money doesn't go as far as $145 as it does at $125, obviously. Less shares repurchased means less of an earnings per share benefit, and lower long-term dividend raises. The good news is that Apple is on its way towards $100 billion a year in free cash flow, so investors don't need to worry about capital returns slowing down anytime soon.</p><p><blockquote>我希望管理层利用本季度苹果股价的疲软进行回购。尽管该公司每三个月花费 200 亿美元左右,但显然,这笔钱不会像 125 美元那样达到 145 美元。回购的股票减少意味着每股收益减少,长期股息增加也减少。好消息是,苹果的自由现金流正在迈向每年 1000 亿美元,因此投资者无需担心资本回报率会很快放缓。</blockquote></p><p></p><p> The major issue for Apple right now is valuation. Shares finished last week trading at 33.4 times their trailing twelve-month earnings. That's basically double the mid-teens numbers from a couple of years ago, helped a lot by easy-money policies around the globe. My current price target of $162 is based on a 30X multiple of $5.40 in EPS for the September 2022 period. That number, however, assumes that the Fed and other central banks will remain fairly accommodative through most of next year. If we start to get a lot of tapering and or rate hikes earlier than expected, the overall market is likely to feel some pain, and I don't see how Apple would be immune from that.</p><p><blockquote>苹果目前的主要问题是估值。上周股价收于过去 12 个月市盈率的 33.4 倍。这基本上是几年前十几岁左右人数的两倍,这得益于全球宽松货币政策。我目前的目标价为 162 美元,是基于 2022 年 9 月期间每股收益 5.40 美元的 30 倍。然而,这个数字是假设美联储和其他央行在明年大部分时间里将保持相当宽松的态度。如果我们开始比预期更早地进行大量缩减规模和/或加息,整个市场可能会感受到一些痛苦,我看不出苹果如何能够幸免。</blockquote></p><p> A strong report from Apple could easily help shares to rise to a new all-time high. But just to play devil's advocate for a minute, what if there is a disappointment or a \"buy the rumor, sell the news\" reaction? Well, shares are quite a bit above their key moving averages as seen in the chart below (50-day in purple, 200-day in orange). As long as Apple can hold the shorter-term trend line, that rising technical level should be one of support. The stock has been able to hold the long-term trend line for quite a while, so I don't see any more than about 14% downside in the near term unless we get a major market pullback.</p><p><blockquote>苹果的强劲报告很容易帮助股价升至历史新高。但只是扮演一分钟魔鬼的代言人,如果出现失望或“买谣言,卖新闻”的反应呢?嗯,如下图所示,股价远高于其关键移动平均线(紫色为 50 天,橙色为 200 天)。只要苹果能够守住短期趋势线,上升的技术水平应该是支撑之一。该股已经能够在相当长的一段时间内保持长期趋势线,因此我认为短期内不会有超过 14% 的下跌空间,除非我们看到市场出现重大回调。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dc37ee144edb22fd36fcd15cf5fc3470\" tg-width=\"640\" tg-height=\"273\" width=\"100%\" height=\"auto\"><span>(Source: Yahoo! Finance)</span></p><p><blockquote><p class=\"t-img-caption\"><span>(来源:雅虎财经)</span></p></blockquote></p><p> In the end, expectations for Apple are very high as earnings approach this week. Two massive quarterly beats have sent estimates through the roof, and the stock has recently run to a new all-time high. The market will be looking for signs that the iPhone supercycle has continued while work from home tailwinds have not subsided just yet. Investors hoping that this rally can continue will need to see a strong report, with management hopefully painting a bright sales picture for upcoming fall product launches.</p><p><blockquote>最后,随着本周财报的临近,人们对苹果的期望非常高。两个季度大幅上涨导致估值飙升,该股最近创下历史新高。市场将寻找 iPhone 超级周期仍在继续的迹象,而在家工作的顺风尚未消退。希望这种涨势能够持续下去的投资者需要看到一份强劲的报告,管理层希望为即将到来的秋季产品发布描绘一幅光明的销售画面。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://seekingalpha.com/article/4441375-apple-earnings-face-high-expectations\">seekingalpha</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4441375-apple-earnings-face-high-expectations","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100647798","content_text":"Summary\n\nShares go into report near all-time high.\nEstimates surge after two massive beats.\nTiming of product launches will shift revenue picture.\n\nNikada/iStock Unreleased via Getty Images\nAfter the bell on Tuesday, we'll receive fiscal third quarter results from technology giant Apple (AAPL) for its June ending period. With the company's previous two quarterly earnings reports smashing street estimates, it's not really a surprise that expectations have continued to rise. With shares rallying in recent weeks to new all-time highs, another strong report will likely be needed to keep things going.\nFor the first half of fiscal 2021, Apple's revenues have beaten street estimates by an average of $10.25 billion per quarter. The fiscal Q3 current average estimate is $73.44 billion, which would represent growth of more than 23% from the year-ago period. It's quite impressive that the current average is up more than $13 billion over the past year. On the bottom line, the street is looking for $1.01, growth of more than 56%. In the table below, you can see some Q3 key financial items for the past two years, with the current estimates for this year's period in yellow. Dollar values are millions except per share amounts.\n(*Numbers estimated based on last year's split. Actual numbers to come from the company. Source: Fiscal Q3 2020 report)\nApple is comingoff arguably its best quarter ever. Revenues for the iPhone were up more than 65.5% over the prior-year period, with the Mac up more than 70% and iPad up nearly 79%. Fiscal Q2 overall revenue growth was nearly 54%, so this time around we're looking for about 40% of that figure. Don't forget, on the Q2 conference call, management talked about a $3 billion to $4 billion revenue hit in the June period from supply constraints.\nI'm most curious to see how the iPhone does this time around, as it appears that the 5G supercycle seems to be going pretty well. This year, however, most expectations are that the smartphone will return to its usual September launch period, meaning new phone revenues would be generated in fiscal Q4 again. Last year's coronavirus delayed launch meant sales didn't start until well into October and even November for some models, completely changing the sales trajectory for Apple's current fiscal year. This year's launch isn't expected to see a major upgrade to the phone line itself, so demand trends will probably be more dependent on how many consumers are upgrading to 5G rather than switching to iPhones.\nI'm sure analysts will also be looking to see how Apple has navigated the chip shortage as well as soaring commodity prices. I don't think we will see a repeat of the 575 basis point increase in product gross margins that Q2 saw this time around, but the iPhone 12 line should still provide a nice year-over-year boost. In the long run, investors will look at growing services margins helping the gross margin percentage overall, but don't forget that the services side of the business has a lot of its expenses on the operating line.\nFor the stock to stay elevated, management is going to need to show that work from home and stimulus money tailwinds are still ongoing. As I discussed in a previous article, estimates call for Apple to see quarterly revenues decline for its March 2022 fiscal period, as the company laps very high previous year bars. While that might bring out some of the bears again, the long-term trajectory still seems positive. Current estimates call for $355 billion in total revenue during this fiscal year with Apple adding another $50 billion to that total over the next three years.\nI hope that management took advantage of the weakness in Apple shares during the quarter for its buyback. Even though the company is spending $20 billion or so every three months, that money doesn't go as far as $145 as it does at $125, obviously. Less shares repurchased means less of an earnings per share benefit, and lower long-term dividend raises. The good news is that Apple is on its way towards $100 billion a year in free cash flow, so investors don't need to worry about capital returns slowing down anytime soon.\nThe major issue for Apple right now is valuation. Shares finished last week trading at 33.4 times their trailing twelve-month earnings. That's basically double the mid-teens numbers from a couple of years ago, helped a lot by easy-money policies around the globe. My current price target of $162 is based on a 30X multiple of $5.40 in EPS for the September 2022 period. That number, however, assumes that the Fed and other central banks will remain fairly accommodative through most of next year. If we start to get a lot of tapering and or rate hikes earlier than expected, the overall market is likely to feel some pain, and I don't see how Apple would be immune from that.\nA strong report from Apple could easily help shares to rise to a new all-time high. But just to play devil's advocate for a minute, what if there is a disappointment or a \"buy the rumor, sell the news\" reaction? Well, shares are quite a bit above their key moving averages as seen in the chart below (50-day in purple, 200-day in orange). As long as Apple can hold the shorter-term trend line, that rising technical level should be one of support. The stock has been able to hold the long-term trend line for quite a while, so I don't see any more than about 14% downside in the near term unless we get a major market pullback.\n(Source: Yahoo! Finance)\nIn the end, expectations for Apple are very high as earnings approach this week. Two massive quarterly beats have sent estimates through the roof, and the stock has recently run to a new all-time high. The market will be looking for signs that the iPhone supercycle has continued while work from home tailwinds have not subsided just yet. Investors hoping that this rally can continue will need to see a strong report, with management hopefully painting a bright sales picture for upcoming fall product launches.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":3870,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800736653,"gmtCreate":1627317743572,"gmtModify":1631888041130,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574222119045289","authorIdStr":"3574222119045289"},"themes":[],"title":"","htmlText":"Cool!<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>cooler!!","listText":"Cool!<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>cooler!!","text":"Cool!$AMC Entertainment(AMC)$cooler!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/800736653","repostId":"1151724613","repostType":4,"repost":{"id":"1151724613","kind":"news","pubTimestamp":1627292512,"share":"https://www.laohunote.com/m/news/1151724613?lang=zh_CN&edition=full","pubTime":"2021-07-26 17:41","market":"us","language":"en","title":"Tesla Reports Earnings Today. Here's What Matters Most.<blockquote>特斯拉今天公布收益。这是最重要的。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1151724613","media":"Barrons","summary":"Tesla is set to report second-quarter earnings Monday. Get ready for a very complicated report.\nThe ","content":"<p>Tesla is set to report second-quarter earnings Monday. Get ready for a very complicated report.</p><p><blockquote>特斯拉将于周一公布第二季度收益。准备好一份非常复杂的报告。</blockquote></p><p> The EV pioneer will report after the close of trading on Monday, July 26. Wall Street is looking for Tesla (ticker: TSLA) to report about 94 cents in per-share earnings from $11.5 billion in sales, according to FactSet. Beating analyst estimates is important, almost required, for any stock to remain stable in post-earnings trading. That’s true for Tesla as well.</p><p><blockquote>这家电动汽车先驱将于 7 月 26 日星期一收盘后发布报告。据 FactSet 称,华尔街希望特斯拉(股票代码:TSLA)在 115 亿美元的销售额中报告每股收益约 94 美分。超出分析师预期对于任何股票在财报后交易中保持稳定来说都很重要,几乎是必需的。特斯拉也是如此。</blockquote></p><p> There will be a lot of moving parts, however, even more than usual for the world’s most valuable car company and its iconoclast CEO Elon Musk.</p><p><blockquote>不过,对于世界上最有价值的汽车公司及其打破常规的首席执行官埃隆-马斯克(Elon Musk)来说,将会有很多移动部件,甚至比平时还要多。</blockquote></p><p> Factors that will contribute to bottom-line earnings include the global semiconductor shortage,vehicle pricing, vehicle gross profit margins, and the level of profitability in Tesla’s battery storage business. In the end, however, investors will want to see a record in operating profits—no matter how it happens. That’s what could break shares out of their recent range.</p><p><blockquote>影响利润的因素包括全球半导体短缺、汽车定价、汽车毛利率以及特斯拉电池存储业务的盈利水平。然而,最终,投资者会希望看到营业利润创纪录——无论如何发生。这可能会打破股价近期的区间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d908f359ce3333ed256684e007ff74d0\" tg-width=\"871\" tg-height=\"580\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Tesla reported more than $800 million in operating profits in the 2020 third quarter, and the stock more than doubled to around $860 in the three-month span that followed. But since operating profit growth largely paused in the subsequent quarters, shares have traded down from roughly $860 to around $640 recently. Profit stagnation has meant stock stagnation, too.</p><p><blockquote>特斯拉公布 2020 年第三季度营业利润超过 8 亿美元,在接下来的三个月内,该股股价翻了一番多,达到 860 美元左右。但由于营业利润增长在随后几个季度基本暂停,股价已从约 860 美元跌至最近的 640 美元左右。利润停滞也意味着库存停滞。</blockquote></p><p> The good news for Tesla bulls is Wall Street is projecting a fresh record: Operating profit is expected to be $835 million for the second quarter, driven by strong deliveries. The 2021 second quarter marked the first time Tesla delivered more than 200,000 vehicles in a single quarter.</p><p><blockquote>对于特斯拉多头来说,好消息是华尔街预计将创下新纪录:在强劲交付的推动下,第二季度营业利润预计将达到 8.35 亿美元。2021年第二季度标志着特斯拉首次在单季度交付超过20万辆汽车。</blockquote></p><p> After earnings are digested, there should be endless arguments among bulls and bears about the quality of earnings. For instance, one way Tesla generates sales is by selling regulatory credits—which it earns by producing more than its fair share of electric vehicles. The company generated $518 million in first-quarter credit sales, which helped Tesla beat earnings estimates. There is always debate about what is the “normal” amount of credit sales and when will those sales dry up. Eventually, both the bulls and bears expect other auto makers to sell their own EVs, cutting off that source of revenue for Tesla.</p><p><blockquote>财报消化完毕后,多头和空头之间关于财报质量的争论应该会层出不穷。例如,特斯拉创造销售额的一种方式是出售监管积分——它通过生产超过其公平份额的电动汽车来获得这些积分。该公司第一季度信贷销售额为 5.18 亿美元,帮助特斯拉超出盈利预期。关于信用销售额的 “正常 ”数量以及这些销售额何时会枯竭,一直存在争议。最终,多头和空头都预计其他汽车制造商将出售自己的电动汽车,从而切断特斯拉的收入来源。</blockquote></p><p> There is also the issue of Bitcoin. Tesla recognized a small gain on its Bitcoin holdings in the first quarter, but the cryptocurrency’s prices have fallen by roughly half since their April peak. That means there is a chance of a small loss. How investors react is anyone’s guess, but don’t expect Tesla to sell out of its Bitcoin position. Musk continues to indicate his company will transact in the cryptocurrency when Bitcoin mining uses more sustainable power.</p><p><blockquote>还有比特币的问题。特斯拉承认其持有的比特币在第一季度略有增加,但这种加密货币的价格自 4 月份的峰值以来已经下跌了大约一半。这意味着有可能出现小幅亏损。投资者的反应谁也说不准,但不要指望特斯拉会抛售其比特币头寸。马斯克继续表示,当比特币矿业使用更可持续的电力时,他的公司将以加密货币进行交易。</blockquote></p><p> Investors will also want to know when Tesla’s new Germany plant and Austin, Texas facility will start delivering cars. The Austin plant will build Tesla’s Cybertruck. There will also likely be questions about advances in Tesla’s driver-assistance functions—the company recently started selling its driver-assistance software as a subscription—and how much money the company could make from its charging network. Musk tweeted this week Tesla would open its charging network to other EVs down the road.</p><p><blockquote>投资者还想知道特斯拉在德国的新工厂和德克萨斯州奥斯汀的工厂何时开始交付汽车。奥斯汀工厂将生产特斯拉的 Cybertruck。特斯拉驾驶辅助功能的进步--该公司最近开始以订阅的形式销售其驾驶辅助软件--以及该公司能从其充电网络中赚多少钱,也可能会有人质疑。马斯克本周在推特上表示,特斯拉将向未来的其他电动汽车开放其充电网络。</blockquote></p><p> Those topics and more should be discussed on the earnings conference call scheduled for 5:30 p.m. ET on Monday. Year to date, Tesla stock is down roughly 9%, trailing behind comparable 17% and 15% respective gains of the S&P 500 and Dow Jones Industrial Average.Still, Tesla shares have had a strong run, up about 112% over the past 12 months.</p><p><blockquote>这些话题以及更多话题应该在定于下午 5:30 举行的财报电话会议上讨论。美国东部时间周一。今年迄今为止,特斯拉股价已下跌约 9%,落后于标普500和道琼斯工业平均指数分别 17% 和 15% 的可比涨幅。尽管如此,特斯拉股价仍表现强劲,过去 12 个月上涨了约 112%。</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>Tesla Reports Earnings Today. Here's What Matters Most.<blockquote>特斯拉今天公布收益。这是最重要的。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Reports Earnings Today. Here's What Matters Most.<blockquote>特斯拉今天公布收益。这是最重要的。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-07-26 17:41</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Tesla is set to report second-quarter earnings Monday. Get ready for a very complicated report.</p><p><blockquote>特斯拉将于周一公布第二季度收益。准备好一份非常复杂的报告。</blockquote></p><p> The EV pioneer will report after the close of trading on Monday, July 26. Wall Street is looking for Tesla (ticker: TSLA) to report about 94 cents in per-share earnings from $11.5 billion in sales, according to FactSet. Beating analyst estimates is important, almost required, for any stock to remain stable in post-earnings trading. That’s true for Tesla as well.</p><p><blockquote>这家电动汽车先驱将于 7 月 26 日星期一收盘后发布报告。据 FactSet 称,华尔街希望特斯拉(股票代码:TSLA)在 115 亿美元的销售额中报告每股收益约 94 美分。超出分析师预期对于任何股票在财报后交易中保持稳定来说都很重要,几乎是必需的。特斯拉也是如此。</blockquote></p><p> There will be a lot of moving parts, however, even more than usual for the world’s most valuable car company and its iconoclast CEO Elon Musk.</p><p><blockquote>不过,对于世界上最有价值的汽车公司及其打破常规的首席执行官埃隆-马斯克(Elon Musk)来说,将会有很多移动部件,甚至比平时还要多。</blockquote></p><p> Factors that will contribute to bottom-line earnings include the global semiconductor shortage,vehicle pricing, vehicle gross profit margins, and the level of profitability in Tesla’s battery storage business. In the end, however, investors will want to see a record in operating profits—no matter how it happens. That’s what could break shares out of their recent range.</p><p><blockquote>影响利润的因素包括全球半导体短缺、汽车定价、汽车毛利率以及特斯拉电池存储业务的盈利水平。然而,最终,投资者会希望看到营业利润创纪录——无论如何发生。这可能会打破股价近期的区间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d908f359ce3333ed256684e007ff74d0\" tg-width=\"871\" tg-height=\"580\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Tesla reported more than $800 million in operating profits in the 2020 third quarter, and the stock more than doubled to around $860 in the three-month span that followed. But since operating profit growth largely paused in the subsequent quarters, shares have traded down from roughly $860 to around $640 recently. Profit stagnation has meant stock stagnation, too.</p><p><blockquote>特斯拉公布 2020 年第三季度营业利润超过 8 亿美元,在接下来的三个月内,该股股价翻了一番多,达到 860 美元左右。但由于营业利润增长在随后几个季度基本暂停,股价已从约 860 美元跌至最近的 640 美元左右。利润停滞也意味着库存停滞。</blockquote></p><p> The good news for Tesla bulls is Wall Street is projecting a fresh record: Operating profit is expected to be $835 million for the second quarter, driven by strong deliveries. The 2021 second quarter marked the first time Tesla delivered more than 200,000 vehicles in a single quarter.</p><p><blockquote>对于特斯拉多头来说,好消息是华尔街预计将创下新纪录:在强劲交付的推动下,第二季度营业利润预计将达到 8.35 亿美元。2021年第二季度标志着特斯拉首次在单季度交付超过20万辆汽车。</blockquote></p><p> After earnings are digested, there should be endless arguments among bulls and bears about the quality of earnings. For instance, one way Tesla generates sales is by selling regulatory credits—which it earns by producing more than its fair share of electric vehicles. The company generated $518 million in first-quarter credit sales, which helped Tesla beat earnings estimates. There is always debate about what is the “normal” amount of credit sales and when will those sales dry up. Eventually, both the bulls and bears expect other auto makers to sell their own EVs, cutting off that source of revenue for Tesla.</p><p><blockquote>财报消化完毕后,多头和空头之间关于财报质量的争论应该会层出不穷。例如,特斯拉创造销售额的一种方式是出售监管积分——它通过生产超过其公平份额的电动汽车来获得这些积分。该公司第一季度信贷销售额为 5.18 亿美元,帮助特斯拉超出盈利预期。关于信用销售额的 “正常 ”数量以及这些销售额何时会枯竭,一直存在争议。最终,多头和空头都预计其他汽车制造商将出售自己的电动汽车,从而切断特斯拉的收入来源。</blockquote></p><p> There is also the issue of Bitcoin. Tesla recognized a small gain on its Bitcoin holdings in the first quarter, but the cryptocurrency’s prices have fallen by roughly half since their April peak. That means there is a chance of a small loss. How investors react is anyone’s guess, but don’t expect Tesla to sell out of its Bitcoin position. Musk continues to indicate his company will transact in the cryptocurrency when Bitcoin mining uses more sustainable power.</p><p><blockquote>还有比特币的问题。特斯拉承认其持有的比特币在第一季度略有增加,但这种加密货币的价格自 4 月份的峰值以来已经下跌了大约一半。这意味着有可能出现小幅亏损。投资者的反应谁也说不准,但不要指望特斯拉会抛售其比特币头寸。马斯克继续表示,当比特币矿业使用更可持续的电力时,他的公司将以加密货币进行交易。</blockquote></p><p> Investors will also want to know when Tesla’s new Germany plant and Austin, Texas facility will start delivering cars. The Austin plant will build Tesla’s Cybertruck. There will also likely be questions about advances in Tesla’s driver-assistance functions—the company recently started selling its driver-assistance software as a subscription—and how much money the company could make from its charging network. Musk tweeted this week Tesla would open its charging network to other EVs down the road.</p><p><blockquote>投资者还想知道特斯拉在德国的新工厂和德克萨斯州奥斯汀的工厂何时开始交付汽车。奥斯汀工厂将生产特斯拉的 Cybertruck。特斯拉驾驶辅助功能的进步--该公司最近开始以订阅的形式销售其驾驶辅助软件--以及该公司能从其充电网络中赚多少钱,也可能会有人质疑。马斯克本周在推特上表示,特斯拉将向未来的其他电动汽车开放其充电网络。</blockquote></p><p> Those topics and more should be discussed on the earnings conference call scheduled for 5:30 p.m. ET on Monday. Year to date, Tesla stock is down roughly 9%, trailing behind comparable 17% and 15% respective gains of the S&P 500 and Dow Jones Industrial Average.Still, Tesla shares have had a strong run, up about 112% over the past 12 months.</p><p><blockquote>这些话题以及更多话题应该在定于下午 5:30 举行的财报电话会议上讨论。美国东部时间周一。今年迄今为止,特斯拉股价已下跌约 9%,落后于标普500和道琼斯工业平均指数分别 17% 和 15% 的可比涨幅。尽管如此,特斯拉股价仍表现强劲,过去 12 个月上涨了约 112%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.barrons.com/articles/tesla-stock-earnings-preview-51627061822?mod=hp_LEADSUPP_3\">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":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-earnings-preview-51627061822?mod=hp_LEADSUPP_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151724613","content_text":"Tesla is set to report second-quarter earnings Monday. Get ready for a very complicated report.\nThe EV pioneer will report after the close of trading on Monday, July 26. Wall Street is looking for Tesla (ticker: TSLA) to report about 94 cents in per-share earnings from $11.5 billion in sales, according to FactSet. Beating analyst estimates is important, almost required, for any stock to remain stable in post-earnings trading. That’s true for Tesla as well.\nThere will be a lot of moving parts, however, even more than usual for the world’s most valuable car company and its iconoclast CEO Elon Musk.\nFactors that will contribute to bottom-line earnings include the global semiconductor shortage,vehicle pricing, vehicle gross profit margins, and the level of profitability in Tesla’s battery storage business. In the end, however, investors will want to see a record in operating profits—no matter how it happens. That’s what could break shares out of their recent range.\n\nTesla reported more than $800 million in operating profits in the 2020 third quarter, and the stock more than doubled to around $860 in the three-month span that followed. But since operating profit growth largely paused in the subsequent quarters, shares have traded down from roughly $860 to around $640 recently. Profit stagnation has meant stock stagnation, too.\nThe good news for Tesla bulls is Wall Street is projecting a fresh record: Operating profit is expected to be $835 million for the second quarter, driven by strong deliveries. The 2021 second quarter marked the first time Tesla delivered more than 200,000 vehicles in a single quarter.\nAfter earnings are digested, there should be endless arguments among bulls and bears about the quality of earnings. For instance, one way Tesla generates sales is by selling regulatory credits—which it earns by producing more than its fair share of electric vehicles. The company generated $518 million in first-quarter credit sales, which helped Tesla beat earnings estimates. There is always debate about what is the “normal” amount of credit sales and when will those sales dry up. Eventually, both the bulls and bears expect other auto makers to sell their own EVs, cutting off that source of revenue for Tesla.\nThere is also the issue of Bitcoin. Tesla recognized a small gain on its Bitcoin holdings in the first quarter, but the cryptocurrency’s prices have fallen by roughly half since their April peak. That means there is a chance of a small loss. How investors react is anyone’s guess, but don’t expect Tesla to sell out of its Bitcoin position. Musk continues to indicate his company will transact in the cryptocurrency when Bitcoin mining uses more sustainable power.\nInvestors will also want to know when Tesla’s new Germany plant and Austin, Texas facility will start delivering cars. The Austin plant will build Tesla’s Cybertruck. There will also likely be questions about advances in Tesla’s driver-assistance functions—the company recently started selling its driver-assistance software as a subscription—and how much money the company could make from its charging network. Musk tweeted this week Tesla would open its charging network to other EVs down the road.\nThose topics and more should be discussed on the earnings conference call scheduled for 5:30 p.m. ET on Monday. Year to date, Tesla stock is down roughly 9%, trailing behind comparable 17% and 15% respective gains of the S&P 500 and Dow Jones Industrial Average.Still, Tesla shares have had a strong run, up about 112% over the past 12 months.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":4153,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800799741,"gmtCreate":1627316522783,"gmtModify":1631888041147,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574222119045289","authorIdStr":"3574222119045289"},"themes":[],"title":"","htmlText":"Why not <a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a> and<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>?!?!?Like n share!!!","listText":"Why not <a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a> and<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>?!?!?Like n share!!!","text":"Why not $AMC Entertainment(AMC)$ and$GameStop(GME)$?!?!?Like n share!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/800799741","repostId":"2154957883","repostType":4,"isVote":1,"tweetType":1,"viewCount":2699,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800184059,"gmtCreate":1627286796371,"gmtModify":1631888041161,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574222119045289","authorIdStr":"3574222119045289"},"themes":[],"title":"","htmlText":"And MOST IMPORTANT<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>Like n share!!!","listText":"And MOST IMPORTANT<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>Like n share!!!","text":"And MOST IMPORTANT$AMC Entertainment(AMC)$Like n share!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/800184059","repostId":"1100772026","repostType":4,"isVote":1,"tweetType":1,"viewCount":921,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174754865,"gmtCreate":1627144873557,"gmtModify":1633767658717,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574222119045289","authorIdStr":"3574222119045289"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>Week after week more n more shares the apes hold n HODL. WHAT R U WAITING FOR!!LETS MAKE THE HEDGIES PAY!!LIKE N SHARE!!","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>Week after week more n more shares the apes hold n HODL. WHAT R U WAITING FOR!!LETS MAKE THE HEDGIES PAY!!LIKE N SHARE!!","text":"$AMC Entertainment(AMC)$Week after week more n more shares the apes hold n HODL. WHAT R U WAITING FOR!!LETS MAKE THE HEDGIES PAY!!LIKE N SHARE!!","images":[{"img":"https://static.tigerbbs.com/94acc9c0447046a6d0ec8ac63c5d3284","width":"2376","height":"1080"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/174754865","isVote":1,"tweetType":1,"viewCount":1596,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":174229129,"gmtCreate":1627103041861,"gmtModify":1633767922371,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574222119045289","authorIdStr":"3574222119045289"},"themes":[],"title":"","htmlText":"Crap!!!Only <a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a><a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>Is the way to cushion a mkt adjustment!!Like n share!!","listText":"Crap!!!Only <a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a><a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>Is the way to cushion a mkt adjustment!!Like n share!!","text":"Crap!!!Only $GameStop(GME)$$AMC Entertainment(AMC)$Is the way to cushion a mkt adjustment!!Like n share!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/174229129","repostId":"2153981075","repostType":4,"isVote":1,"tweetType":1,"viewCount":1520,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178340081,"gmtCreate":1626789374043,"gmtModify":1633771023060,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574222119045289","authorIdStr":"3574222119045289"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a><a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>The two stocks u need to battle mkt correction!Like n share!!","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a><a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>The two stocks u need to battle mkt correction!Like n share!!","text":"$AMC Entertainment(AMC)$$GameStop(GME)$The two stocks u need to battle mkt correction!Like n share!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/178340081","repostId":"1102737002","repostType":4,"repost":{"id":"1102737002","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":1626787848,"share":"https://www.laohunote.com/m/news/1102737002?lang=zh_CN&edition=full","pubTime":"2021-07-20 21:30","market":"us","language":"en","title":"Stocks open slightly higher in attempt to bounce back from Monday selloff<blockquote>股市小幅开盘走高,试图从周一的抛售中反弹</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1102737002","media":"Tiger Newspress","summary":"(July 20) Wall Street’s main indexes opened higher on Tuesday, as economically sensitive stocks rebo","content":"<p>(July 20) Wall Street’s main indexes opened higher on Tuesday, as economically sensitive stocks rebounded following a sharp selloff in the previous session, while shares of IBM jumped on strong second-quarter results.</p><p><blockquote>(7月20日)华尔街主要股指周二高开,对经济敏感的股票在前一交易日大幅抛售后反弹,而IBM的股价则因强劲的第二季度业绩而跳涨。</blockquote></p><p> Chinese education stocks rally, Blockchain stocks plunged.</p><p><blockquote>中国教育股上涨,区块链股暴跌。</blockquote></p><p> New Shepard capsule returns to Earth safely. Blue Origin Becomes the First Company to Take a Paying Passenger to Space. Amzon stock fell 0.48% in morning trading.</p><p><blockquote>新谢泼德太空舱安全返回地球蓝色起源成为第一家将付费乘客送上太空的公司亚马逊股票在早盘交易中下跌0.48%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f39d7260da8bf4b4752067a47fef692b\" tg-width=\"304\" tg-height=\"165\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/cb77d3a02961a8a78cc8ac8ac2dc9f05\" tg-width=\"306\" tg-height=\"361\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0c4eddca19a77e87393f2b94d50383e9\" tg-width=\"709\" tg-height=\"547\" 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>Stocks open slightly higher in attempt to bounce back from Monday selloff<blockquote>股市小幅开盘走高,试图从周一的抛售中反弹</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 open slightly higher in attempt to bounce back from Monday selloff<blockquote>股市小幅开盘走高,试图从周一的抛售中反弹</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\">2021-07-20 21:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(July 20) Wall Street’s main indexes opened higher on Tuesday, as economically sensitive stocks rebounded following a sharp selloff in the previous session, while shares of IBM jumped on strong second-quarter results.</p><p><blockquote>(7月20日)华尔街主要股指周二高开,对经济敏感的股票在前一交易日大幅抛售后反弹,而IBM的股价则因强劲的第二季度业绩而跳涨。</blockquote></p><p> Chinese education stocks rally, Blockchain stocks plunged.</p><p><blockquote>中国教育股上涨,区块链股暴跌。</blockquote></p><p> New Shepard capsule returns to Earth safely. Blue Origin Becomes the First Company to Take a Paying Passenger to Space. Amzon stock fell 0.48% in morning trading.</p><p><blockquote>新谢泼德太空舱安全返回地球蓝色起源成为第一家将付费乘客送上太空的公司亚马逊股票在早盘交易中下跌0.48%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f39d7260da8bf4b4752067a47fef692b\" tg-width=\"304\" tg-height=\"165\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/cb77d3a02961a8a78cc8ac8ac2dc9f05\" tg-width=\"306\" tg-height=\"361\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0c4eddca19a77e87393f2b94d50383e9\" tg-width=\"709\" tg-height=\"547\" referrerpolicy=\"no-referrer\"></p><p><blockquote></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","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102737002","content_text":"(July 20) Wall Street’s main indexes opened higher on Tuesday, as economically sensitive stocks rebounded following a sharp selloff in the previous session, while shares of IBM jumped on strong second-quarter results.\nChinese education stocks rally, Blockchain stocks plunged.\nNew Shepard capsule returns to Earth safely. Blue Origin Becomes the First Company to Take a Paying Passenger to Space. Amzon stock fell 0.48% in morning trading.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":899,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173591744,"gmtCreate":1626667742388,"gmtModify":1633925076321,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574222119045289","authorIdStr":"3574222119045289"},"themes":[],"title":"","htmlText":"Get the meme stock!!<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a><a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>Is the way forward to cushion a mkt correction!!Like n Share!!!","listText":"Get the meme stock!!<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a><a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>Is the way forward to cushion a mkt correction!!Like n Share!!!","text":"Get the meme stock!!$AMC Entertainment(AMC)$$GameStop(GME)$Is the way forward to cushion a mkt correction!!Like n Share!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/173591744","repostId":"2152827296","repostType":4,"isVote":1,"tweetType":1,"viewCount":972,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":179450373,"gmtCreate":1626573263092,"gmtModify":1633925806613,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574222119045289","authorIdStr":"3574222119045289"},"themes":[],"title":"","htmlText":"Sell all n get <a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a> meme stock will withstand the crisis!Like n share!","listText":"Sell all n get <a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a> meme stock will withstand the crisis!Like n share!","text":"Sell all n get $AMC Entertainment(AMC)$ meme stock will withstand the crisis!Like n share!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/179450373","repostId":"2152899486","repostType":4,"isVote":1,"tweetType":1,"viewCount":1120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":179616437,"gmtCreate":1626516555629,"gmtModify":1633926093403,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574222119045289","authorIdStr":"3574222119045289"},"themes":[],"title":"","htmlText":"Latest!!! F U D!!Wake up, the news hardly dent the diamond shelled armor n hands of the APES!","listText":"Latest!!! F U D!!Wake up, the news hardly dent the diamond shelled armor n hands of the APES!","text":"Latest!!! F U D!!Wake up, the news hardly dent the diamond shelled armor n hands of the APES!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/179616437","repostId":"1159574501","repostType":4,"repost":{"id":"1159574501","kind":"news","pubTimestamp":1626484131,"share":"https://www.laohunote.com/m/news/1159574501?lang=zh_CN&edition=full","pubTime":"2021-07-17 09:08","market":"us","language":"en","title":"'Bad Omen' For Meme Stocks And The Retail Trading Boom? Here's What The Data Says<blockquote>模因股票和零售交易繁荣的“不祥之兆”?数据是这样说的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159574501","media":"Benzinga","summary":"Social media meme stocks GameStop Corp.(NYSE:GME) and AMC Entertainment Holdings Inc(NYSE:AMC) took ","content":"<p><div> Social media meme stocks GameStop Corp.(NYSE:GME) and AMC Entertainment Holdings Inc(NYSE:AMC) took a beating this week, with GameStop on track to finish the week down 9% and AMC set to lose 20.9% in ...</p><p><blockquote><div>社交媒体模因股票游戏驿站公司(纽约证券交易所股票代码:GME)和AMC院线控股公司(纽约证券交易所股票代码:AMC)本周遭受重创,游戏驿站本周有望下跌9%,AMC将下跌20.9%……</div></blockquote></p><p> <a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/07/22023662/bad-omen-for-meme-stocks-and-the-retail-trading-boom-heres-what-the-data-says\">网页链接</a> </div> </p><p><blockquote><a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/07/22023662/bad-omen-for-meme-stocks-and-the-retail-trading-boom-heres-what-the-data-says\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","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>'Bad Omen' For Meme Stocks And The Retail Trading Boom? Here's What The Data Says<blockquote>模因股票和零售交易繁荣的“不祥之兆”?数据是这样说的</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n'Bad Omen' For Meme Stocks And The Retail Trading Boom? Here's What The Data Says<blockquote>模因股票和零售交易繁荣的“不祥之兆”?数据是这样说的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-07-17 09:08</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Social media meme stocks GameStop Corp.(NYSE:GME) and AMC Entertainment Holdings Inc(NYSE:AMC) took a beating this week, with GameStop on track to finish the week down 9% and AMC set to lose 20.9% in ...</p><p><blockquote><div>社交媒体模因股票游戏驿站公司(纽约证券交易所股票代码:GME)和AMC院线控股公司(纽约证券交易所股票代码:AMC)本周遭受重创,游戏驿站本周有望下跌9%,AMC将下跌20.9%……</div></blockquote></p><p> <a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/07/22023662/bad-omen-for-meme-stocks-and-the-retail-trading-boom-heres-what-the-data-says\">网页链接</a> </div> </p><p><blockquote><a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/07/22023662/bad-omen-for-meme-stocks-and-the-retail-trading-boom-heres-what-the-data-says\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/07/22023662/bad-omen-for-meme-stocks-and-the-retail-trading-boom-heres-what-the-data-says\">Benzinga</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":{"TLRY":"Tilray Inc.","GME":"游戏驿站","AMC":"AMC院线"},"source_url":"https://www.benzinga.com/analyst-ratings/analyst-color/21/07/22023662/bad-omen-for-meme-stocks-and-the-retail-trading-boom-heres-what-the-data-says","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159574501","content_text":"Social media meme stocks GameStop Corp.(NYSE:GME) and AMC Entertainment Holdings Inc(NYSE:AMC) took a beating this week, with GameStop on track to finish the week down 9% and AMC set to lose 20.9% in Friday afternoon trading.\nDataTrek Research co-founder Nicholas Colas said this week there is an ominous sign the meme stock phenomenon may be dying a slow death.\nRetail Trading Boom:DataTrek has been periodically tracking the boom in retail traders triggered during the pandemic in 2020 and 2021 by monitoring U.S. Google search volume for the keywords “invest” and “buy stock.” Colas said these basic search terms are a broad way to gauge marginal retail investor interest in the stock market.\nThe image below shows how search volume for those key phrases has changed since the beginning of 2020.\n\nColas said the search volume data clearly indicates the retail stock trading fad is completely over at this point, a “very bad omen” for AMC and GameStop. In fact, Google search volume is now back down to where it was before the pandemic started in early 2020.\nIn addition, search volumes are now down 75% from their peak levels during the initial short squeezes in AMC and GameStop back in January 2021.\nColas said meme stocks like AMC need new retail stock traders to join in the buying to support their stock prices else they could be headed for more volatility like they have experienced this week.\n“Bubbles need fresh money, or they deflate. Quickly,” Colas wrote. “Every craze needs new adherents (i.e., not just the same crowd) to keep it relevant, and the Google chart shows those are in increasingly short supply.”\nPMP Weighs In:Benzinga PreMarket Prep co-host Dennis Dick said a good story can carry a stock a long way, and some stocks can even become so hot that they become temporarily disconnected from the company’s underlying fundamentals.\n“We have seen that in a number of meme stocks this year. Story can drive price in the short run but stocks almost always return back to their fundamental value in the long run,” Dick said.\nThe type of disconnect between share price and underlying value that AMC and GameStop have experienced in 2021 is certainly nothing new. Canadian cannabis stock Tilray Inc(NASDAQ:TLRY) experienced a similar disconnect back in 2018 when a retail stock mania sent the stock skyrocketing up to $300. Today, Tilray is trading back down at around $13.90.\n“As the stock price begins to fall, momentum traders who have been chasing the hot story will begin to exit. But if the stock trades at an extreme valuation, there may be very few traders willing to buy. This is what we are starting to see in many meme stocks today,” Dick said.\nBenzinga's Take:If the story begins to get hot again, the stock prices of overvalued story stocks can always recover once again. But without any underlying fundamentals to support the valuation, these types of stocks need a constant stream of new buyers and an increasingly bullish story to generate fresh enthusiasm.","news_type":1,"symbols_score_info":{"AMC":0.9,"GME":0.9,"TLRY":0.9}},"isVote":1,"tweetType":1,"viewCount":1053,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170727316,"gmtCreate":1626453886835,"gmtModify":1631884269110,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574222119045289","authorIdStr":"3574222119045289"},"themes":[],"title":"","htmlText":"Lol tell me this is real?! Nahhhh lolz FUD GO AWAY. APES TOO USED TO SUCH ARTICLES.. TRY TRYING TRIED.. LOLZ ","listText":"Lol tell me this is real?! Nahhhh lolz FUD GO AWAY. APES TOO USED TO SUCH ARTICLES.. TRY TRYING TRIED.. LOLZ ","text":"Lol tell me this is real?! Nahhhh lolz FUD GO AWAY. APES TOO USED TO SUCH ARTICLES.. TRY TRYING TRIED.. LOLZ","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/170727316","repostId":"2151450981","repostType":4,"isVote":1,"tweetType":1,"viewCount":950,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147486758,"gmtCreate":1626384303674,"gmtModify":1633927372829,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574222119045289","authorIdStr":"3574222119045289"},"themes":[],"title":"","htmlText":"Finally something good for<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a><a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>tthis are the stock worth looking for!!Like n share!!","listText":"Finally something good for<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a><a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>tthis are the stock worth looking for!!Like n share!!","text":"Finally something good for$AMC Entertainment(AMC)$$GameStop(GME)$tthis are the stock worth looking for!!Like n share!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/147486758","repostId":"1164987892","repostType":4,"repost":{"id":"1164987892","kind":"news","pubTimestamp":1626362690,"share":"https://www.laohunote.com/m/news/1164987892?lang=zh_CN&edition=full","pubTime":"2021-07-15 23:24","market":"us","language":"en","title":"AMC and Verb Tech Rise, GameStop Slips Among Meme Stocks in Focus<blockquote>AMC 和 Verb Tech 上涨,游戏驿站下滑成为焦点模因股</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1164987892","media":"Thestreet","summary":"Shares of meme-stock veteran AMC Entertainment (AMC) and business software provider Verb Technology ","content":"<p>Shares of meme-stock veteran AMC Entertainment (<b>AMC</b>) and business software provider Verb Technology (<b>VERB</b>) rose on Thursday, while GameStop (<b>GME</b>) declined.</p><p><blockquote>模因股票老将AMC院线的股票(<b>AMC</b>)和商业软件提供商 Verb Technology(<b>动词</b>)周四上涨,而游戏驿站(<b>GME</b>)拒绝了。</blockquote></p><p> AMC, Leawood, Kan., the country’s largest owner of movie theaters and perhaps the second-most-popular meme stock, at last check traded at $34.80, up 4.1%.</p><p><blockquote>位于堪萨斯州利伍德的 AMC 是美国最大的电影院所有者,也可能是第二大最受欢迎的备忘录股票,截至最后一张支票,交易价格为 34.80 美元,上涨 4.1%。</blockquote></p><p> The granddaddy of meme stocks, the Grapevine, Texas, videogame retailer GameStop, recently traded at $166.96, off 0.4%.</p><p><blockquote>迷因股票的鼻祖、德克萨斯州葡萄藤视频游戏零售商游戏驿站最近的交易价格为 166.96 美元,下跌 0.4%。</blockquote></p><p> And Verb Technology, American Fork, Utah, recently traded at $2.99, up 20%. It has jumped 32% in the six months through Wednesday.</p><p><blockquote>犹他州美国福克的 Verb Technology 最近交易价格为 2.99 美元,上涨 20%。截至周三的六个月里,它已经上涨了 32%。</blockquote></p><p> Mediaco Holding MDIA, the Indianapolis radio station owner, traded at $7.29, down 9.3%.</p><p><blockquote>印第安纳波利斯广播电台所有者 Mediaco Holding MDIA 的交易价格为 7.29 美元,下跌 9.3%。</blockquote></p><p> James “Rev Shark” DePorre says in Real Moneythat the meme trading movement is hardly new and not nearly as efficient as the media have led average investors to believe.</p><p><blockquote>詹姆斯-德波尔(James “Rev Shark” DePorre)在《真实货币》(Real Money)中说,备忘录交易运动并不新鲜,也远没有媒体让普通投资者相信的那么有效。</blockquote></p><p> \"Learn how to pick your own stocks,” he says. “Social media trading is surprisingly uncreative in finding new stock ideas.\"</p><p><blockquote>“他说:”学会如何选择自己的股票。“社交媒体交易在寻找新的股票创意方面出人意料地缺乏创造力”。</blockquote></p><p> Further, \"The business media likes to portray meme trading as something new, but this sort of trading has been part of markets from their very beginning hundreds of years ago,” DePorre says.</p><p><blockquote>此外,“商业媒体喜欢把迷因交易描绘成新事物,但这种交易从几百年前一开始就已经是市场的一部分,”DePorre说。</blockquote></p><p> “There will also be groups that question the conventional wisdom of the professionals that control the market. It is no surprise at all that there are small traders with limited capital who have no interest in the idea that they should hold a diversified portfolio of stocks for the long term.\"</p><p><blockquote>“也会有一些团体质疑控制市场的专业人士的传统智慧。一些资金有限的小交易者对长期持有多元化股票投资组合的想法不感兴趣,这一点也不奇怪”。</blockquote></p><p> TheStreet.com Founder Jim Cramer also expressed caution this week. Meme stocks “away from AMC and GameStop appear to be crooked,” he said. They seem to be pump and dumps.”</p><p><blockquote>TheStreet.com创始人吉姆·克莱默本周也表达了谨慎态度。他说,“远离 AMC 和游戏驿站的 Meme 股票似乎是歪的”。他们好像是水泵和垃圾场。”</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>AMC and Verb Tech Rise, GameStop Slips Among Meme Stocks in Focus<blockquote>AMC 和 Verb Tech 上涨,游戏驿站下滑成为焦点模因股</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\">\nAMC and Verb Tech Rise, GameStop Slips Among Meme Stocks in Focus<blockquote>AMC 和 Verb Tech 上涨,游戏驿站下滑成为焦点模因股</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Thestreet</strong><span class=\"h-time small\">2021-07-15 23:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Shares of meme-stock veteran AMC Entertainment (<b>AMC</b>) and business software provider Verb Technology (<b>VERB</b>) rose on Thursday, while GameStop (<b>GME</b>) declined.</p><p><blockquote>模因股票老将AMC院线的股票(<b>AMC</b>)和商业软件提供商 Verb Technology(<b>动词</b>)周四上涨,而游戏驿站(<b>GME</b>)拒绝了。</blockquote></p><p> AMC, Leawood, Kan., the country’s largest owner of movie theaters and perhaps the second-most-popular meme stock, at last check traded at $34.80, up 4.1%.</p><p><blockquote>位于堪萨斯州利伍德的 AMC 是美国最大的电影院所有者,也可能是第二大最受欢迎的备忘录股票,截至最后一张支票,交易价格为 34.80 美元,上涨 4.1%。</blockquote></p><p> The granddaddy of meme stocks, the Grapevine, Texas, videogame retailer GameStop, recently traded at $166.96, off 0.4%.</p><p><blockquote>迷因股票的鼻祖、德克萨斯州葡萄藤视频游戏零售商游戏驿站最近的交易价格为 166.96 美元,下跌 0.4%。</blockquote></p><p> And Verb Technology, American Fork, Utah, recently traded at $2.99, up 20%. It has jumped 32% in the six months through Wednesday.</p><p><blockquote>犹他州美国福克的 Verb Technology 最近交易价格为 2.99 美元,上涨 20%。截至周三的六个月里,它已经上涨了 32%。</blockquote></p><p> Mediaco Holding MDIA, the Indianapolis radio station owner, traded at $7.29, down 9.3%.</p><p><blockquote>印第安纳波利斯广播电台所有者 Mediaco Holding MDIA 的交易价格为 7.29 美元,下跌 9.3%。</blockquote></p><p> James “Rev Shark” DePorre says in Real Moneythat the meme trading movement is hardly new and not nearly as efficient as the media have led average investors to believe.</p><p><blockquote>詹姆斯-德波尔(James “Rev Shark” DePorre)在《真实货币》(Real Money)中说,备忘录交易运动并不新鲜,也远没有媒体让普通投资者相信的那么有效。</blockquote></p><p> \"Learn how to pick your own stocks,” he says. “Social media trading is surprisingly uncreative in finding new stock ideas.\"</p><p><blockquote>“他说:”学会如何选择自己的股票。“社交媒体交易在寻找新的股票创意方面出人意料地缺乏创造力”。</blockquote></p><p> Further, \"The business media likes to portray meme trading as something new, but this sort of trading has been part of markets from their very beginning hundreds of years ago,” DePorre says.</p><p><blockquote>此外,“商业媒体喜欢把迷因交易描绘成新事物,但这种交易从几百年前一开始就已经是市场的一部分,”DePorre说。</blockquote></p><p> “There will also be groups that question the conventional wisdom of the professionals that control the market. It is no surprise at all that there are small traders with limited capital who have no interest in the idea that they should hold a diversified portfolio of stocks for the long term.\"</p><p><blockquote>“也会有一些团体质疑控制市场的专业人士的传统智慧。一些资金有限的小交易者对长期持有多元化股票投资组合的想法不感兴趣,这一点也不奇怪”。</blockquote></p><p> TheStreet.com Founder Jim Cramer also expressed caution this week. Meme stocks “away from AMC and GameStop appear to be crooked,” he said. They seem to be pump and dumps.”</p><p><blockquote>TheStreet.com创始人吉姆·克莱默本周也表达了谨慎态度。他说,“远离 AMC 和游戏驿站的 Meme 股票似乎是歪的”。他们好像是水泵和垃圾场。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.thestreet.com/investing/meme-stocks-amc-and-verb-tech-rise-gamestop-falls?puc=yahoo&cm_ven=YAHOO\">Thestreet</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":{"AMC":"AMC院线","GME":"游戏驿站"},"source_url":"https://www.thestreet.com/investing/meme-stocks-amc-and-verb-tech-rise-gamestop-falls?puc=yahoo&cm_ven=YAHOO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164987892","content_text":"Shares of meme-stock veteran AMC Entertainment (AMC) and business software provider Verb Technology (VERB) rose on Thursday, while GameStop (GME) declined.\nAMC, Leawood, Kan., the country’s largest owner of movie theaters and perhaps the second-most-popular meme stock, at last check traded at $34.80, up 4.1%.\nThe granddaddy of meme stocks, the Grapevine, Texas, videogame retailer GameStop, recently traded at $166.96, off 0.4%.\nAnd Verb Technology, American Fork, Utah, recently traded at $2.99, up 20%. It has jumped 32% in the six months through Wednesday.\nMediaco Holding MDIA, the Indianapolis radio station owner, traded at $7.29, down 9.3%.\nJames “Rev Shark” DePorre says in Real Moneythat the meme trading movement is hardly new and not nearly as efficient as the media have led average investors to believe.\n\"Learn how to pick your own stocks,” he says. “Social media trading is surprisingly uncreative in finding new stock ideas.\"\nFurther, \"The business media likes to portray meme trading as something new, but this sort of trading has been part of markets from their very beginning hundreds of years ago,” DePorre says.\n“There will also be groups that question the conventional wisdom of the professionals that control the market. It is no surprise at all that there are small traders with limited capital who have no interest in the idea that they should hold a diversified portfolio of stocks for the long term.\"\nTheStreet.com Founder Jim Cramer also expressed caution this week. Meme stocks “away from AMC and GameStop appear to be crooked,” he said. They seem to be pump and dumps.”","news_type":1,"symbols_score_info":{"GME":0.9,"VERB":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":1444,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147415043,"gmtCreate":1626382051882,"gmtModify":1633927379699,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574222119045289","authorIdStr":"3574222119045289"},"themes":[],"title":"","htmlText":"Now this is what a good article sounds like.Like n share pls!!<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a><a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>","listText":"Now this is what a good article sounds like.Like n share pls!!<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a><a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>","text":"Now this is what a good article sounds like.Like n share pls!!$AMC Entertainment(AMC)$$GameStop(GME)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/147415043","repostId":"1164987892","repostType":4,"repost":{"id":"1164987892","kind":"news","pubTimestamp":1626362690,"share":"https://www.laohunote.com/m/news/1164987892?lang=zh_CN&edition=full","pubTime":"2021-07-15 23:24","market":"us","language":"en","title":"AMC and Verb Tech Rise, GameStop Slips Among Meme Stocks in Focus<blockquote>AMC 和 Verb Tech 上涨,游戏驿站下滑成为焦点模因股</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1164987892","media":"Thestreet","summary":"Shares of meme-stock veteran AMC Entertainment (AMC) and business software provider Verb Technology ","content":"<p>Shares of meme-stock veteran AMC Entertainment (<b>AMC</b>) and business software provider Verb Technology (<b>VERB</b>) rose on Thursday, while GameStop (<b>GME</b>) declined.</p><p><blockquote>模因股票老将AMC院线的股票(<b>AMC</b>)和商业软件提供商 Verb Technology(<b>动词</b>)周四上涨,而游戏驿站(<b>GME</b>)拒绝了。</blockquote></p><p> AMC, Leawood, Kan., the country’s largest owner of movie theaters and perhaps the second-most-popular meme stock, at last check traded at $34.80, up 4.1%.</p><p><blockquote>位于堪萨斯州利伍德的 AMC 是美国最大的电影院所有者,也可能是第二大最受欢迎的备忘录股票,截至最后一张支票,交易价格为 34.80 美元,上涨 4.1%。</blockquote></p><p> The granddaddy of meme stocks, the Grapevine, Texas, videogame retailer GameStop, recently traded at $166.96, off 0.4%.</p><p><blockquote>迷因股票的鼻祖、德克萨斯州葡萄藤视频游戏零售商游戏驿站最近的交易价格为 166.96 美元,下跌 0.4%。</blockquote></p><p> And Verb Technology, American Fork, Utah, recently traded at $2.99, up 20%. It has jumped 32% in the six months through Wednesday.</p><p><blockquote>犹他州美国福克的 Verb Technology 最近交易价格为 2.99 美元,上涨 20%。截至周三的六个月里,它已经上涨了 32%。</blockquote></p><p> Mediaco Holding MDIA, the Indianapolis radio station owner, traded at $7.29, down 9.3%.</p><p><blockquote>印第安纳波利斯广播电台所有者 Mediaco Holding MDIA 的交易价格为 7.29 美元,下跌 9.3%。</blockquote></p><p> James “Rev Shark” DePorre says in Real Moneythat the meme trading movement is hardly new and not nearly as efficient as the media have led average investors to believe.</p><p><blockquote>詹姆斯-德波尔(James “Rev Shark” DePorre)在《真实货币》(Real Money)中说,备忘录交易运动并不新鲜,也远没有媒体让普通投资者相信的那么有效。</blockquote></p><p> \"Learn how to pick your own stocks,” he says. “Social media trading is surprisingly uncreative in finding new stock ideas.\"</p><p><blockquote>“他说:”学会如何选择自己的股票。“社交媒体交易在寻找新的股票创意方面出人意料地缺乏创造力”。</blockquote></p><p> Further, \"The business media likes to portray meme trading as something new, but this sort of trading has been part of markets from their very beginning hundreds of years ago,” DePorre says.</p><p><blockquote>此外,“商业媒体喜欢把迷因交易描绘成新事物,但这种交易从几百年前一开始就已经是市场的一部分,”DePorre说。</blockquote></p><p> “There will also be groups that question the conventional wisdom of the professionals that control the market. It is no surprise at all that there are small traders with limited capital who have no interest in the idea that they should hold a diversified portfolio of stocks for the long term.\"</p><p><blockquote>“也会有一些团体质疑控制市场的专业人士的传统智慧。一些资金有限的小交易者对长期持有多元化股票投资组合的想法不感兴趣,这一点也不奇怪”。</blockquote></p><p> TheStreet.com Founder Jim Cramer also expressed caution this week. Meme stocks “away from AMC and GameStop appear to be crooked,” he said. They seem to be pump and dumps.”</p><p><blockquote>TheStreet.com创始人吉姆·克莱默本周也表达了谨慎态度。他说,“远离 AMC 和游戏驿站的 Meme 股票似乎是歪的”。他们好像是水泵和垃圾场。”</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>AMC and Verb Tech Rise, GameStop Slips Among Meme Stocks in Focus<blockquote>AMC 和 Verb Tech 上涨,游戏驿站下滑成为焦点模因股</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\">\nAMC and Verb Tech Rise, GameStop Slips Among Meme Stocks in Focus<blockquote>AMC 和 Verb Tech 上涨,游戏驿站下滑成为焦点模因股</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Thestreet</strong><span class=\"h-time small\">2021-07-15 23:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Shares of meme-stock veteran AMC Entertainment (<b>AMC</b>) and business software provider Verb Technology (<b>VERB</b>) rose on Thursday, while GameStop (<b>GME</b>) declined.</p><p><blockquote>模因股票老将AMC院线的股票(<b>AMC</b>)和商业软件提供商 Verb Technology(<b>动词</b>)周四上涨,而游戏驿站(<b>GME</b>)拒绝了。</blockquote></p><p> AMC, Leawood, Kan., the country’s largest owner of movie theaters and perhaps the second-most-popular meme stock, at last check traded at $34.80, up 4.1%.</p><p><blockquote>位于堪萨斯州利伍德的 AMC 是美国最大的电影院所有者,也可能是第二大最受欢迎的备忘录股票,截至最后一张支票,交易价格为 34.80 美元,上涨 4.1%。</blockquote></p><p> The granddaddy of meme stocks, the Grapevine, Texas, videogame retailer GameStop, recently traded at $166.96, off 0.4%.</p><p><blockquote>迷因股票的鼻祖、德克萨斯州葡萄藤视频游戏零售商游戏驿站最近的交易价格为 166.96 美元,下跌 0.4%。</blockquote></p><p> And Verb Technology, American Fork, Utah, recently traded at $2.99, up 20%. It has jumped 32% in the six months through Wednesday.</p><p><blockquote>犹他州美国福克的 Verb Technology 最近交易价格为 2.99 美元,上涨 20%。截至周三的六个月里,它已经上涨了 32%。</blockquote></p><p> Mediaco Holding MDIA, the Indianapolis radio station owner, traded at $7.29, down 9.3%.</p><p><blockquote>印第安纳波利斯广播电台所有者 Mediaco Holding MDIA 的交易价格为 7.29 美元,下跌 9.3%。</blockquote></p><p> James “Rev Shark” DePorre says in Real Moneythat the meme trading movement is hardly new and not nearly as efficient as the media have led average investors to believe.</p><p><blockquote>詹姆斯-德波尔(James “Rev Shark” DePorre)在《真实货币》(Real Money)中说,备忘录交易运动并不新鲜,也远没有媒体让普通投资者相信的那么有效。</blockquote></p><p> \"Learn how to pick your own stocks,” he says. “Social media trading is surprisingly uncreative in finding new stock ideas.\"</p><p><blockquote>“他说:”学会如何选择自己的股票。“社交媒体交易在寻找新的股票创意方面出人意料地缺乏创造力”。</blockquote></p><p> Further, \"The business media likes to portray meme trading as something new, but this sort of trading has been part of markets from their very beginning hundreds of years ago,” DePorre says.</p><p><blockquote>此外,“商业媒体喜欢把迷因交易描绘成新事物,但这种交易从几百年前一开始就已经是市场的一部分,”DePorre说。</blockquote></p><p> “There will also be groups that question the conventional wisdom of the professionals that control the market. It is no surprise at all that there are small traders with limited capital who have no interest in the idea that they should hold a diversified portfolio of stocks for the long term.\"</p><p><blockquote>“也会有一些团体质疑控制市场的专业人士的传统智慧。一些资金有限的小交易者对长期持有多元化股票投资组合的想法不感兴趣,这一点也不奇怪”。</blockquote></p><p> TheStreet.com Founder Jim Cramer also expressed caution this week. Meme stocks “away from AMC and GameStop appear to be crooked,” he said. They seem to be pump and dumps.”</p><p><blockquote>TheStreet.com创始人吉姆·克莱默本周也表达了谨慎态度。他说,“远离 AMC 和游戏驿站的 Meme 股票似乎是歪的”。他们好像是水泵和垃圾场。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.thestreet.com/investing/meme-stocks-amc-and-verb-tech-rise-gamestop-falls?puc=yahoo&cm_ven=YAHOO\">Thestreet</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":{"AMC":"AMC院线","GME":"游戏驿站"},"source_url":"https://www.thestreet.com/investing/meme-stocks-amc-and-verb-tech-rise-gamestop-falls?puc=yahoo&cm_ven=YAHOO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164987892","content_text":"Shares of meme-stock veteran AMC Entertainment (AMC) and business software provider Verb Technology (VERB) rose on Thursday, while GameStop (GME) declined.\nAMC, Leawood, Kan., the country’s largest owner of movie theaters and perhaps the second-most-popular meme stock, at last check traded at $34.80, up 4.1%.\nThe granddaddy of meme stocks, the Grapevine, Texas, videogame retailer GameStop, recently traded at $166.96, off 0.4%.\nAnd Verb Technology, American Fork, Utah, recently traded at $2.99, up 20%. It has jumped 32% in the six months through Wednesday.\nMediaco Holding MDIA, the Indianapolis radio station owner, traded at $7.29, down 9.3%.\nJames “Rev Shark” DePorre says in Real Moneythat the meme trading movement is hardly new and not nearly as efficient as the media have led average investors to believe.\n\"Learn how to pick your own stocks,” he says. “Social media trading is surprisingly uncreative in finding new stock ideas.\"\nFurther, \"The business media likes to portray meme trading as something new, but this sort of trading has been part of markets from their very beginning hundreds of years ago,” DePorre says.\n“There will also be groups that question the conventional wisdom of the professionals that control the market. It is no surprise at all that there are small traders with limited capital who have no interest in the idea that they should hold a diversified portfolio of stocks for the long term.\"\nTheStreet.com Founder Jim Cramer also expressed caution this week. Meme stocks “away from AMC and GameStop appear to be crooked,” he said. They seem to be pump and dumps.”","news_type":1,"symbols_score_info":{"GME":0.9,"VERB":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":967,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":148728618,"gmtCreate":1626019849234,"gmtModify":1633930875636,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574222119045289","idStr":"3574222119045289"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a> forever!!Another happening week to look fwd!!Like n share!!!<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a> forever!!Another happening week to look fwd!!Like n share!!!<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>","text":"$AMC Entertainment(AMC)$ forever!!Another happening week to look fwd!!Like n share!!!$AMC Entertainment(AMC)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/148728618","repostId":"1112201050","repostType":4,"repost":{"id":"1112201050","kind":"news","pubTimestamp":1625966101,"share":"https://www.laohunote.com/m/news/1112201050?lang=zh_CN&edition=full","pubTime":"2021-07-11 09:15","market":"us","language":"en","title":"The Meme Stock Trade Is Far From Over. What Investors Need to Know.<blockquote>模因股票交易远未结束。投资者需要了解的内容。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1112201050","media":"Barrons","summary":"It seemed to be only a matter of time.\nWhen GameStop (ticker: GME), BlackBerry (BB), and even the de","content":"<p>It seemed to be only a matter of time.</p><p><blockquote>这似乎只是时间问题。</blockquote></p><p> When GameStop (ticker: GME), BlackBerry (BB), and even the desiccated carcass of Blockbuster suddenly sprang to life in January, the clock was already ticking for when they would crash again. Would it be hours, days, or weeks?</p><p><blockquote>当游戏驿站(股票代码:GME)、黑莓(BB),甚至百视达的干涸尸体在一月份突然复活时,它们何时会再次坠毁的时间已经在流逝。会是几个小时、几天还是几周?</blockquote></p><p> It has now been half a year, and the core “meme stocks” are still trading at levels considered outrageous by people who have studied them for years. New names like Clover Health Investments(CLOV) and Newegg Commerce(NEGG) have recently popped up on message boards, and their stocks have popped, too.</p><p><blockquote>现在已经过去半年了,核心 “备忘录股票 ”的交易价格仍然处于研究这些股票多年的人认为离谱的水平。Clover Health Investments (CLOV) 和 Newegg Commerce (NEGG) 等新名称最近出现在留言板上,它们的股票也随之上涨。</blockquote></p><p> The collective efforts of millions of retail traders—long derided as “the dumb money”—have successfully held stocks aloft and forced naysayers to capitulate.</p><p><blockquote>数百万散户交易员--长期以来被嘲笑为 “哑巴钱 ”--的集体努力成功地让股市飙升,并迫使反对者投降。</blockquote></p><p> That is true even as the companies they are betting on have shown scant signs of transforming their businesses, or turning profits that might justify their valuations. BlackBerry burned cash in its latest quarter and warned that its key cybersecurity division would hit the low end of its revenue guidance; the stock dipped on the news but has still more than doubled in the past year.</p><p><blockquote>尽管他们押注的公司几乎没有表现出业务转型的迹象,也没有表现出足以证明其估值的利润,但情况确实如此。黑莓在最近一个季度烧钱,并警告称其关键的网络安全部门将达到收入指导的低端;消息传出后,该股下跌,但在过去一年中仍上涨了一倍多。</blockquote></p><p> While trading volume at the big brokers has come down slightly from its February peak, it remains two to three times as high as it was before the pandemic. And a startling amount of that activity is occurring in stocks favored by retail traders. The average daily value of shares traded in AMC Entertainment Holdings(AMC), for example, reached $13.1 billion in June, more than Apple’s(AAPL) $9.5 billion and Amazon.com’s (AMZN) $10.3 billion.</p><p><blockquote>虽然大型经纪商的交易量较 2 月份的峰值略有下降,但仍高于疫情爆发前的两到三倍。数量惊人的这种活动发生在散户交易者青睐的股票中。例如,AMC院线控股公司(AMC)6 月份的日均交易额达到 131 亿美元,超过了苹果(AAPL)的 95 亿美元和亚马逊(AMZN)的 103 亿美元。</blockquote></p><p> Even as the coronavirus fades in the U.S., most new traders say they are committed to the hobby they learned during lockdown—58% of day traders in a Betterment survey said they are planning to trade even more in the future, and only 12% plan to trade less. Amateur pandemic bakers have stopped kneading sourdough loaves; traders are only getting hungrier.</p><p><blockquote>即使冠状病毒在美国消退,大多数新交易者表示,他们仍然致力于他们在封锁期间学到的爱好——在一项Betterment调查中,58%的日内交易者表示,他们计划在未来进行更多的交易,只有12%的人计划减少交易。业余疫情面包师已经停止揉捏酸面团面包;交易者只会变得越来越饥饿。</blockquote></p><p> A sustained bear market would spoil such an appetite, as it did when the dot-com bubble burst. For now, dips are reasons to hold or buy.</p><p><blockquote>持续的熊市会破坏这种食欲,就像互联网泡沫破裂时一样。目前,下跌是持有或买入的理由。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/25a79e71371c165f9a3a5085931fc487\" tg-width=\"979\" tg-height=\"649\"></p><p><blockquote></blockquote></p><p> “I’ve seen that the ‘buy the dip’ sentiment hasn’t relented for a moment,” wrote Brandon Luczek, an electronics technician for the U.S. Navy who trades with friends online, in an email to Barron’s.</p><p><blockquote>“美国海军电子技术员布兰登-卢切克(Brandon Luczek)在给《巴伦周刊》的一封电子邮件中写道:”我看到'逢低买入'的情绪一刻也没有减弱。</blockquote></p><p> The meme stock surge has been propelled by a rise in trading by retail investors. In 2020, online brokers signed clients at a record pace, with more than 10 million people opening new accounts. That record will almost certainly be broken in 2021. Brokers had already added more than 10 million accounts less than halfway into the year, some of the top firms have disclosed.</p><p><blockquote>迷因股票飙升是由散户投资者交易的增加推动的。2020年,在线经纪商以创纪录的速度签约客户,超过1000万人开设了新账户。这一记录几乎肯定会在2021年被打破。一些顶级公司透露,在今年不到一半的时间里,经纪商已经增加了超过 1000 万个账户。</blockquote></p><p> Meme stocks are both the cart and the horse of this phenomenon. Their sudden price spikes are driven by new investors, and then that action drives even more new people to invest. Millions of people downloaded investing apps in late January and early February just to be a part of the fun. A recent Charles Schwab(SCHW) survey found that 15% of all current traders began investing after 2020.</p><p><blockquote>模因股票既是这种现象的推车,也是马。他们的价格突然飙升是由新投资者推动的,然后这一行动推动更多的新人投资。数百万人在 1 月底和 2 月初下载了投资应用程序,只是为了享受乐趣。嘉信理财(SCHW)最近的一项调查发现,15%的现有交易者在2020年后开始投资。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/167386c6881a258922ad62caaf7a05f4\" tg-width=\"971\" tg-height=\"644\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8e29e3041b91070252ab9063d1a11fa2\" tg-width=\"975\" tg-height=\"642\"><img src=\"https://static.tigerbbs.com/f9cc1c0bd6368721c0eca87e25719f16\" tg-width=\"964\" tg-height=\"641\"></p><p><blockquote></blockquote></p><p> The most prominent player in the surge is Robinhood, which said it had added 5.5 million funded accounts in the first quarter alone. But it isn’t alone. Fidelity, for instance, announced that it had attracted 1.6 million new customers under the age of 35 in the first quarter, 223% more than a year before.</p><p><blockquote>激增中最突出的参与者是 Robinhood,该公司表示仅在第一季度就增加了 550 万个资金账户。但它并不孤单。例如,富达宣布,第一季度吸引了 160 万 35 岁以下的新客户,比去年同期增长了 223%。</blockquote></p><p> Under pressure from Robinhood’s zero-commission model, all of the major brokers cut commissions to zero in 2019. That opened the floodgates to a new group of customers—one that may not have as much spare cash to trade but is more active and diverse than its predecessors. And the brokers are cashing in. Fidelity is hoping to attract investors before they even have driver’s licenses, allowing children as young as 13 to open trading accounts. Robinhood is riding the momentum to an initial public offering that analysts expect to value it at more than 10 times its revenue.</p><p><blockquote>在 Robinhood 零佣金模式的压力下,所有主要经纪商都在 2019 年将佣金降至零。这为新客户群体打开了闸门——他们可能没有那么多闲置现金进行交易,但比前辈更加活跃和多样化。经纪人正在套现。富达希望在投资者获得驾照之前就吸引他们,允许年仅 13 岁的儿童开设交易账户。Robinhood 正在乘势而上进行首次公开募股,分析师预计其估值将超过其收入的 10 倍。</blockquote></p><p> These new customers act differently than their older peers. For years, there was a “big gravitation toward ETFs,” says Chris Larkin, head of trading at E*Trade, which is now owned by Morgan Stanley (MS). But picking single stocks is clearly “the big story of 2021.”</p><p><blockquote>这些新客户的行为与他们的老同行不同。E*Trade 交易主管克里斯-拉金(Chris Larkin)说,多年来,“ETF 一直备受青睐”,E*Trade 现归摩根士丹利(MS)所有。但挑选个股显然是 “2021 年的大新闻”。</blockquote></p><p> To be sure, equity exchange-traded funds are still doing well, as investors around the world bet on the pandemic recovery and avoid weak bond yields.</p><p><blockquote>可以肯定的是,随着世界各地的投资者押注疫情复苏并避免疲软的债券收益率,股票交易所交易基金仍然表现良好。</blockquote></p><p></p><p> But ETFs don’t light up the message boards like stocks do. Not that it has been a one-way ride for the top names. GameStop did dip in February, and Wall Street enjoyed a moment of schadenfreude. It didn’t last.</p><p><blockquote>但 ETF 不像股票那样点亮留言板。这并不是说顶级公司的单行道。游戏驿站二月份确实下跌,华尔街享受了幸灾乐祸的时刻。它并没有持续多久。</blockquote></p><p> “Like cicadas, meme traders returned in a wild blaze of activity after being seemingly underground for several months,” wrote Steve Sosnick, chief strategist at Interactive Brokers. Sosnick believes that the meme stocks tend to trade inversely to cryptocurrencies, because their fans rotate from one to the other as the momentum shifts.</p><p><blockquote>“盈透证券(Interactive Brokers)首席策略师史蒂夫-索斯尼克(Steve Sosnick)写道:”就像蝉一样,备忘录交易者在表面上隐匿了几个月后又重新活跃起来。索斯尼克认为,模因股票的交易往往与加密货币相反,因为随着势头的变化,它们的粉丝会从一种货币转向另一种货币。</blockquote></p><p> “I don’t think it’s strictly a coincidence that meme stocks roared back to life after a significant correction in Bitcoin and other cryptocurrencies,” he wrote.</p><p><blockquote>“他写道:”我不认为,在比特币和其他加密货币大幅回调后,备忘录股票卷土重来完全是巧合。</blockquote></p><p> Sosnick considers meme stocks a “sector unto themselves,” one that he segregates on his computer monitor away from other stock tickers.</p><p><blockquote>索斯尼克认为备忘录股票是一个 “独立的板块”,他在电脑显示器上将其与其他股票代码分开。</blockquote></p><p> Indeed, Wall Street’s reaction to the meme stock revolution has been to isolate the parts of the market that the pros deem irrational. Most short sellers won’t touch the stocks, and analysts are dropping coverage.</p><p><blockquote>事实上,华尔街对备忘录股票革命的反应一直是孤立专业人士认为不理性的市场部分。大多数卖空者不会碰这些股票,分析师也在放弃报道。</blockquote></p><p> But Wall Street can’t swat the retail army away like cicadas, or count on them disappearing for the next 17 years. Stock trading has permanently shifted. This year, retail activity accounts for 24% of equity volume, up from 15% in 2019. Adherents to the new creed are not passive observers willing to let Wall Street manage the markets.</p><p><blockquote>但华尔街不能像蝉一样把零售大军赶走,也不能指望它们在未来 17 年内消失。股票交易已经发生了永久性的变化。今年,零售活动占股本量的 24%,高于 2019 年的 15%。新信条的追随者不是愿意让华尔街管理市场的被动观察者。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/710e642d3b685b74f8c9dcaf46ef3e0b\" tg-width=\"968\" tg-height=\"643\"></p><p><blockquote></blockquote></p><p> “What this really reflects is a reversal of the trends that we saw toward less and less engagement with individual companies,” says Joshua Mitts, a professor at Columbia Law School specializing in securities markets. “Technology is bringing the average investor closer to the companies in which he or she invests, and that’s just taking on new and unpredictable forms.”</p><p><blockquote>“哥伦比亚法学院(Columbia Law School)专门研究证券市场的教授约书亚-米茨(Joshua Mitts)说:”这实际上反映了我们所看到的趋势的逆转,即与个别公司的接触越来越少。“技术正在拉近普通投资者与他或她所投资的公司的距离,而这只是以新的、不可预测的形式出现。”</blockquote></p><p> The swings you get can definitely make you feel some sort of way.</p><p><blockquote>你得到的秋千肯定会让你有某种感觉。</blockquote></p><p> — Matt Kohrs, 26, who streams stock analysis daily on YouTube</p><p><blockquote>— Matt Kohrs,26 岁,每天在 YouTube 上直播股票分析</blockquote></p><p> It is now changing the lives of those who got in early and are still riding the names higher.</p><p><blockquote>它现在正在改变那些早早加入的人的生活,并且仍然在更高的名字上。</blockquote></p><p> Take Matt Kohrs, who had invested in AMC Entertainment early. He quit his job as a programmer in New York in February, moved to Philadelphia, and started streaming stock analysis on YouTube for seven hours a day.</p><p><blockquote>以马特·科尔斯为例,他很早就投资了AMC院线。今年2月,他辞去了纽约程序员的工作,搬到了费城,并开始在YouTube上每天7个小时直播股票分析。</blockquote></p><p> With 350,000 YouTube followers, it’s paying the bills. With his earnings from ads and from the stock, Kohrs says he can pull down roughly the same salary he made before. But he also knows that relying on earnings from stocks like this is nothing like a 9-to-5 job.</p><p><blockquote>YouTube 拥有 35 万粉丝,它正在支付账单。科尔斯说,凭借广告和股票的收入,他可以拿到与以前大致相同的工资。但他也知道,像这样依赖股票收益与朝九晚五的工作完全不同。</blockquote></p><p> “The swings you get can definitely make you feel some sort of way,” he says.</p><p><blockquote>“他说:”你得到的秋千肯定会让你有某种感觉。</blockquote></p><p> Companies are starting to react more aggressively, too. They are either embracing their new owners or paying meme-ologists to understand the emoji-filled language of the new Wall Street so they can ward them off or appease them.</p><p><blockquote>公司也开始做出更积极的反应。他们要么拥抱他们的新主人,要么付钱给迷因学家来理解新华尔街充满表情符号的语言,这样他们就可以阻止他们或安抚他们。</blockquote></p><p> AMC even canceled a proposed equity raise this past week because the company apparently didn’t like the vibes it was getting from the Reddit crowd. AMC has already quintupled its share count over the past year. CEO Adam Aron tweeted that he had seen “many yes, many no” reactions to his proposal to issue 25 million more shares, so it will be canceled instead of being presented for a vote at AMC’s annual meeting later this month. The company did not respond to a question on how it had polled shareholders.</p><p><blockquote>AMC 甚至在上周取消了一项拟议的股权融资,因为该公司显然不喜欢 Reddit 人群的反响。过去一年,AMC 的股票数量已经增加了五倍。首席执行官亚当-阿伦(Adam Aron)在推特上表示,他看到了 “许多人赞成,许多人反对 ”对他增发 2500 万股股票的提议的反应,因此该提议将被取消,而不是在本月晚些时候的 AMC 年会上进行表决。该公司没有回答有关如何调查股东的问题。</blockquote></p><p> Forget the boardroom. Corporate policy is now being determined in the chat room.</p><p><blockquote>忘了会议室吧。公司政策现在正在聊天室里决定。</blockquote></p><p> Big investors are spending more time tracking social-media discussions about stocks. Bank of America found in a survey this year that about 25% of institutions had already been tracking social-media sentiment, but that about 40% are interested in using it going forward.</p><p><blockquote>大投资者正在花费更多时间跟踪社交媒体上有关股票的讨论。美国银行在今年的一项调查中发现,大约25%的机构已经在跟踪社交媒体情绪,但大约40%的机构有兴趣在未来使用它。</blockquote></p><p> In the past few months, Bank of America, Morgan Stanley, and J.P. Morgan have all produced reports on how to trade around the retail action, coming to somewhat different conclusions.</p><p><blockquote>在过去的几个月里,美国银行、摩根士丹利和摩根大通都发布了关于如何围绕零售行动进行交易的报告,得出了有些不同的结论。</blockquote></p><p> There can be “alpha in the signal,” as Morgan Stanley put it, but it can take some intense number-crunching to get there. Not all message-board chatter leads to sustained price gains, of course, and retail order flow cannot easily be separated from institutional flow without substantial data analysis. For investors with the tools to pinpoint which stocks retail investors are buying and which they are selling, J.P. Morgan suggests going long on the 20% of stocks with the most buying interest and short on the top 20% in selling interest.</p><p><blockquote>正如摩根士丹利所说,信号中可能存在 “阿尔法”,但要实现这一目标可能需要一些紧张的数字运算。当然,并不是所有的留言板聊天都会导致价格持续上涨,如果没有大量的数据分析,零售订单流很难与机构流分开。对于拥有工具来确定散户投资者正在购买哪些股票和正在出售哪些股票的投资者来说,摩根大通建议做多买入兴趣最高的 20% 的股票,做空卖出兴趣最高的 20% 的股票。</blockquote></p><p> For now, many of the institutions buying data on social-media sentiment appear to be trying to reduce their risks, as opposed to scouting new opportunities, according to Boris Spiwak of alternative data firm Thinknum, which offers products that track social-media sentiment. “They see it as almost like an insurance policy, to limit their downside risks,” he says.</p><p><blockquote>提供跟踪社交媒体情绪产品的另类数据公司Thinknum的鲍里斯·斯皮瓦克(Boris Spiwak)表示,目前,许多购买社交媒体情绪数据的机构似乎都在试图降低风险,而不是寻找新的机会。“他说:”他们认为这几乎就像一份保险,以限制他们的下行风险。</blockquote></p><p></p><p> For retail traders, the method isn’t always scientific. The action is sustained by a community ethos. And the force behind it is as much emotional and moral as financial.</p><p><blockquote>对于零售商来说,这种方法并不总是科学的。这一行动是由社区精神支撑的。其背后的力量既是情感上的,也是道德上的,也是经济上的。</blockquote></p><p> New investors say they are motivated by a desire to prove themselves and punish the old guard as much as by profits. They learn from one another about the market, sometimes amplifying or debunking conspiracy theories about Wall Street. Some link the meme-stock movement to continued mistrust of big financial institutions stemming from the 2008 financial crisis.</p><p><blockquote>新投资者表示,他们的动机是希望证明自己,并像利润一样惩罚保守派。他们互相学习市场,有时会放大或揭穿关于华尔街的阴谋论。一些人将模因股票运动与2008年金融危机引发的对大型金融机构的持续不信任联系起来。</blockquote></p><p> “Wall Street brought our economy to its knees, and no one ever got in trouble for it,” says the 26-year-old Kohrs. “So, I think they view this as not only can we make money, but we can also make these hedge funds on Wall Street pay.”</p><p><blockquote>“26 岁的科尔斯说:”华尔街让我们的经济陷入困境,但没有人因此惹上麻烦。“所以,我认为他们认为我们不仅可以赚钱,还可以让华尔街的这些对冲基金付钱。”</blockquote></p><p> Claire Hirschberg is a 28-year-old union organizer who bought about $50 worth of GameStop stock on Robinhood in January after hearing about it from friends. She liked the idea, but what really got her excited about it was the reaction of her father, a longtime money manager. “He was so mad I had bought GameStop and was refusing to sell,” she says, laughing. “And that just makes me want to hold it forever.”</p><p><blockquote>克莱尔·赫希伯格 (Claire Hirschberg) 是一名 28 岁的工会组织者,她在 1 月份从朋友那里听说 Robinhood 上购买了价值约 50 美元的游戏驿站股票。她喜欢这个想法,但真正让她兴奋的是她父亲的反应,他是一名长期的资金经理。“她笑着说:”他很生气我买了游戏驿站,还不肯卖。“这让我想永远拿着它。”</blockquote></p><p> Just like old Wall Street has rituals and codes, the new one does, too. A new investment banking employee learns quickly that you don’t wear a Ferragamo tie until after you make associate. You never leave the office until the managing director does, and you don’t complain about the hours. And the bad guys are the regulators and Sen. Elizabeth Warren, and not in that order.</p><p><blockquote>就像老华尔街有仪式和准则一样,新华尔街也有。一位新的投资银行员工很快就会知道,在你成为合伙人之前,你不会打菲拉格慕领带。在总经理离开之前,你从不离开办公室,你也不会抱怨工作时间。坏人是监管者和参议员伊丽莎白·沃伦,而且不是按顺序。</blockquote></p><p> The new trading desk—the apps that millions of retail traders now use and the message boards where they congregate—have unspoken rules, too. Publicly acknowledging financial losses is a valiant act, evidence of internal fortitude and belief in the group. You don’t take yourself seriously and you don’t police language. You are part of an army of “apes” or “retards.” You hold through the crashes, even if it means you might lose everything. And the bad guys are the short sellers, the market makers, and the Wall Street elites, in that order.</p><p><blockquote>新的交易台——数百万散户交易者现在使用的应用程序和他们聚集的留言板——也有潜规则。公开承认财务损失是一种勇敢的行为,是内部坚韧和对本集团信念的证明。你不把自己当回事,也不规范语言。你是 “猿类 ”或 “弱智 ”大军的一员。你坚持住,即使这意味着你可能会失去一切。坏人依次是卖空者、做市商和华尔街精英。</blockquote></p><p> The group action is not just for moral support. The trading strategy depends on people keeping up the buying pressure to force a short squeeze or to buy bullish options that trigger what’s known as a gamma squeeze.</p><p><blockquote>集体行动不仅仅是为了精神支持。交易策略取决于人们保持买入压力,迫使做空,或买入看涨期权,从而引发所谓的伽马挤压。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/75d79c78a14cc8f297e17397cc54bdb5\" tg-width=\"1260\" tg-height=\"840\"><span>Keith Gill became the face of the Reddit army of retail traders pushing shares of GameStop higher when he appeared virtually before a House Financial Services Committee hearing in February.</span></p><p><blockquote><p class=\"t-img-caption\"><span>基思·吉尔 (Keith Gill) 在二月份众议院金融服务委员会听证会上虚拟露面,成为 Reddit 散户交易员大军推高游戏驿站股价的代言人。</span></p></blockquote></p><p> Many short sellers say they won’t touch these stocks anymore. But clearly, others aren’t taking that advice and are giving the meme movement oxygen by repeatedly betting against the stocks. AMC’s short interest was at 17% of the stock’s float in mid-June, down from 28% in January, but not by much.</p><p><blockquote>许多卖空者表示,他们不会再碰这些股票了。但显然,其他人并没有采纳这一建议,而是通过反复做空股票来给备忘录运动注入氧气。6 月中旬,AMC 的空头权益占该股流通量的 17%,低于 1 月份的 28%,但降幅不大。</blockquote></p><p> As the price rises, the shorts can’t help themselves. They start “drooling, with flames coming out of their ears,” says Michael Pachter, a Wedbush Securities analyst who has covered GameStop for years. “What’s kind of shocked me is the definition of insanity, which is doing the same thing over and over and over again and hoping for a different outcome each time, and the shorts keep coming back,” he says. “And [GameStop bull] Keith Gill and his Reddit raiders keep squeezing them, and it keeps working.”</p><p><blockquote>随着价格上涨,空头们也控制不住自己。多年来一直关注游戏驿站的韦德布什证券分析师迈克尔-帕切特(Michael Pachter)说,他们开始 “流口水,耳朵里冒出火焰”。“他说:”让我感到震惊的是精神错乱的定义,就是一遍又一遍地做同样的事情,每次都希望有不同的结果,而空头却不断出现。“[游戏驿站公牛]基思-吉尔(Keith Gill)和他的 Reddit raiders 一直在挤压他们,而且一直在起作用。”</blockquote></p><p> To beat the short sellers, the Reddit crowd needs to hold together, but the community has been showing cracks at times. The two meme stocks with the most determined fan bases—GameStop and AMC—still have enormous armies of core believers who do not seem easily swayed. But other names seem to have more-fickle backers. Several stocks caught up in the meme madness have come crashing down to earth.Bed Bath & Beyond(BBBY) spiked twice—in late January and early June—but now trades only slightly above its mid-January levels. People who bought during the upswings have lost money.</p><p><blockquote>为了击败卖空者,Reddit 人群需要团结起来,但该社区有时会出现裂缝。拥有最坚定粉丝群的两只模因股票——游戏驿站和 AMC——仍然拥有庞大的核心信徒大军,他们似乎不容易动摇。但其他名字似乎有更善变的支持者。几只陷入迷因疯狂的股票已经崩溃。 Bed Bath & Beyond (BBBY) 在 1 月底和 6 月初两次飙升,但现在的交易价格仅略高于 1 月中旬的水平。在上涨期间买入的人已经赔钱了。</blockquote></p><p> Distrust has spread, and some traders worry that wallstreetbets— the original Reddit message board that inspired the GameStop frenzy—has grown so fast that it has lost its original spirit, and potentially grown vulnerable to manipulation. Some have moved to other message boards, like r/superstonk, in hopes of reclaiming the old community’s flavor.</p><p><blockquote>不信任已经蔓延,一些交易员担心 wallstreetbets——激发游戏驿站狂热的最初 Reddit 留言板——发展如此之快,以至于它已经失去了最初的精神,并可能变得容易受到操纵。有些人搬到了其他留言板,如 r/superstonk,希望能重现老社区的风味。</blockquote></p><p> Travis Rehl, the founder of social-media tracking company Hype Equity, says that he tries to separate possible manipulators from more organic investor sentiment. Hype Equity is usually hired by public-relations firms representing companies that are being talked about online, he says. Now, he sees a growing trend of stocks that suddenly come up on message boards, receive positive chatter, and then disappear.</p><p><blockquote>社交媒体跟踪公司 Hype Equity 的创始人特拉维斯·雷尔 (Travis Rehl) 表示,他试图将可能的操纵者与更有机的投资者情绪区分开来。他说,炒作股权通常由代表网上谈论的公司的公关公司雇佣。现在,他看到了一种不断增长的趋势,即股票突然出现在留言板上,收到积极的聊天,然后消失。</blockquote></p><p></p><p> “It’s called into question what is a true discussion versus what is something that somebody just wants to pump,” he says. The moderators of wallstreetbets forbid market manipulation on the platform, and Rehl say they appear to work hard to police misinformation. The moderators did not respond to a request from Barron’s for comment.</p><p><blockquote>“他说:”这让人怀疑什么是真正的讨论,什么是某人只想炒作的东西。wallstreetbets 的版主禁止在该平台上操纵市场,Rehl 表示,他们似乎正在努力遏制错误信息。主持人没有回应《巴伦周刊》的置评请求。</blockquote></p><p> “If you can create enough buzz to get a stock that goes up 10%, 20%, even 50% in a short period of time, there’s a tremendous incentive to do that,” Sosnick says.</p><p><blockquote>“索斯尼克说:”如果你能制造足够的轰动效应,让一只股票在短时间内上涨 10%、20%,甚至 50%,那么你就有巨大的动力去做这件事。</blockquote></p><p> The Securities and Exchange Commission is watching for funny business on the message boards. SEC Chairman Gary Gensler and some members of Congress have discussed changing market rules with the intention of adding transparency protecting retail traders—although changes could also anger the retail crowd if they slow down trading or make it more expensive.</p><p><blockquote>美国证券交易委员会正在关注留言板上的有趣交易。美国证券交易委员会主席加里·詹斯勒(Gary Gensler)和一些国会议员讨论了改变市场规则,目的是增加保护散户交易者的透明度——尽管如果这些变化减缓交易速度或使交易成本更高,也可能激怒零售人群。</blockquote></p><p> Regulations aren’t the only thing that could deflate this trend. Dan Egan, vice president of behavioral finance and investing at fintech Betterment, thinks the momentum may run out of steam in September. Even “apes” have responsibilities. “Kids start going back to schools; parents are free to go to work again,” he says. “That’s the next time there’s going to be some oxygen pulled out of the room.”</p><p><blockquote>监管并不是唯一能遏制这一趋势的因素。fintech Betterment 行为金融和投资副总裁丹·伊根 (Dan Egan) 认为,这种势头可能会在 9 月份耗尽。即使是 “猿猴 ”也有责任。“他说:”孩子们开始重返校园;家长们也可以自由地再次上班了。“那是下一次从房间里抽出氧气的时候了。”</blockquote></p><p> Traditional investors may be tempted to write off the entire phenomenon as temporary madness inspired by lockdowns and free government money. But that would be a mistake. If zero-commission brokerages and fun with GameStop broke down barriers for millions of new investors to open accounts, it’s almost certainly a good thing, as long as most people bet with money they don’t need immediately. Many new retail traders say they are teaching themselves how to trade, and have begun to diversify their holdings.</p><p><blockquote>传统投资者可能会倾向于将整个现象视为由封锁和免费政府资金引发的暂时疯狂。但那将是一个错误。如果零佣金经纪和游戏驿站乐趣打破了数百万新投资者开户的障碍,那么只要大多数人用他们并不立即需要的钱下注,这几乎肯定是一件好事。许多新零售商表示,他们正在自学如何交易,并开始分散持股。</blockquote></p><p> In one form or another, this is the future client base of Wall Street.</p><p><blockquote>无论如何,这是华尔街未来的客户群。</blockquote></p><p> Arizona State University professor Hendrik Bessembinder published groundbreaking research in 2018 that found that “a randomly selected stock in a randomly selected month is more likely to lose money than make money.” In short, picking single stocks and holding a concentrated portfolio tends to be a losing strategy.</p><p><blockquote>亚利桑那州立大学教授亨德里克-贝森宾德(Hendrik Bessembinder)在2018年发表了一项开创性的研究,发现“在随机选择的月份随机选择的股票,亏损的可能性大于赚钱的可能性”。简而言之,挑选单只股票并持有集中投资组合往往是一种失败的策略。</blockquote></p><p> Even so, he’s encouraged by the new wave of trading. “I welcome the increase in retail trading, the idea of the stock market being a place with wide participation,” Bessembinder says. “Economists can’t tell people they shouldn’t get some fun.”</p><p><blockquote>即便如此,他还是对新一波交易感到鼓舞。“贝森宾德说:”我欢迎零售交易的增加,欢迎股票市场成为一个广泛参与的地方。“经济学家不能告诉人们他们不应该找点乐子”。</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>The Meme Stock Trade Is Far From Over. What Investors Need to Know.<blockquote>模因股票交易远未结束。投资者需要了解的内容。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Meme Stock Trade Is Far From Over. What Investors Need to Know.<blockquote>模因股票交易远未结束。投资者需要了解的内容。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-07-11 09:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It seemed to be only a matter of time.</p><p><blockquote>这似乎只是时间问题。</blockquote></p><p> When GameStop (ticker: GME), BlackBerry (BB), and even the desiccated carcass of Blockbuster suddenly sprang to life in January, the clock was already ticking for when they would crash again. Would it be hours, days, or weeks?</p><p><blockquote>当游戏驿站(股票代码:GME)、黑莓(BB),甚至百视达的干涸尸体在一月份突然复活时,它们何时会再次坠毁的时间已经在流逝。会是几个小时、几天还是几周?</blockquote></p><p> It has now been half a year, and the core “meme stocks” are still trading at levels considered outrageous by people who have studied them for years. New names like Clover Health Investments(CLOV) and Newegg Commerce(NEGG) have recently popped up on message boards, and their stocks have popped, too.</p><p><blockquote>现在已经过去半年了,核心 “备忘录股票 ”的交易价格仍然处于研究这些股票多年的人认为离谱的水平。Clover Health Investments (CLOV) 和 Newegg Commerce (NEGG) 等新名称最近出现在留言板上,它们的股票也随之上涨。</blockquote></p><p> The collective efforts of millions of retail traders—long derided as “the dumb money”—have successfully held stocks aloft and forced naysayers to capitulate.</p><p><blockquote>数百万散户交易员--长期以来被嘲笑为 “哑巴钱 ”--的集体努力成功地让股市飙升,并迫使反对者投降。</blockquote></p><p> That is true even as the companies they are betting on have shown scant signs of transforming their businesses, or turning profits that might justify their valuations. BlackBerry burned cash in its latest quarter and warned that its key cybersecurity division would hit the low end of its revenue guidance; the stock dipped on the news but has still more than doubled in the past year.</p><p><blockquote>尽管他们押注的公司几乎没有表现出业务转型的迹象,也没有表现出足以证明其估值的利润,但情况确实如此。黑莓在最近一个季度烧钱,并警告称其关键的网络安全部门将达到收入指导的低端;消息传出后,该股下跌,但在过去一年中仍上涨了一倍多。</blockquote></p><p> While trading volume at the big brokers has come down slightly from its February peak, it remains two to three times as high as it was before the pandemic. And a startling amount of that activity is occurring in stocks favored by retail traders. The average daily value of shares traded in AMC Entertainment Holdings(AMC), for example, reached $13.1 billion in June, more than Apple’s(AAPL) $9.5 billion and Amazon.com’s (AMZN) $10.3 billion.</p><p><blockquote>虽然大型经纪商的交易量较 2 月份的峰值略有下降,但仍高于疫情爆发前的两到三倍。数量惊人的这种活动发生在散户交易者青睐的股票中。例如,AMC院线控股公司(AMC)6 月份的日均交易额达到 131 亿美元,超过了苹果(AAPL)的 95 亿美元和亚马逊(AMZN)的 103 亿美元。</blockquote></p><p> Even as the coronavirus fades in the U.S., most new traders say they are committed to the hobby they learned during lockdown—58% of day traders in a Betterment survey said they are planning to trade even more in the future, and only 12% plan to trade less. Amateur pandemic bakers have stopped kneading sourdough loaves; traders are only getting hungrier.</p><p><blockquote>即使冠状病毒在美国消退,大多数新交易者表示,他们仍然致力于他们在封锁期间学到的爱好——在一项Betterment调查中,58%的日内交易者表示,他们计划在未来进行更多的交易,只有12%的人计划减少交易。业余疫情面包师已经停止揉捏酸面团面包;交易者只会变得越来越饥饿。</blockquote></p><p> A sustained bear market would spoil such an appetite, as it did when the dot-com bubble burst. For now, dips are reasons to hold or buy.</p><p><blockquote>持续的熊市会破坏这种食欲,就像互联网泡沫破裂时一样。目前,下跌是持有或买入的理由。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/25a79e71371c165f9a3a5085931fc487\" tg-width=\"979\" tg-height=\"649\"></p><p><blockquote></blockquote></p><p> “I’ve seen that the ‘buy the dip’ sentiment hasn’t relented for a moment,” wrote Brandon Luczek, an electronics technician for the U.S. Navy who trades with friends online, in an email to Barron’s.</p><p><blockquote>“美国海军电子技术员布兰登-卢切克(Brandon Luczek)在给《巴伦周刊》的一封电子邮件中写道:”我看到'逢低买入'的情绪一刻也没有减弱。</blockquote></p><p> The meme stock surge has been propelled by a rise in trading by retail investors. In 2020, online brokers signed clients at a record pace, with more than 10 million people opening new accounts. That record will almost certainly be broken in 2021. Brokers had already added more than 10 million accounts less than halfway into the year, some of the top firms have disclosed.</p><p><blockquote>迷因股票飙升是由散户投资者交易的增加推动的。2020年,在线经纪商以创纪录的速度签约客户,超过1000万人开设了新账户。这一记录几乎肯定会在2021年被打破。一些顶级公司透露,在今年不到一半的时间里,经纪商已经增加了超过 1000 万个账户。</blockquote></p><p> Meme stocks are both the cart and the horse of this phenomenon. Their sudden price spikes are driven by new investors, and then that action drives even more new people to invest. Millions of people downloaded investing apps in late January and early February just to be a part of the fun. A recent Charles Schwab(SCHW) survey found that 15% of all current traders began investing after 2020.</p><p><blockquote>模因股票既是这种现象的推车,也是马。他们的价格突然飙升是由新投资者推动的,然后这一行动推动更多的新人投资。数百万人在 1 月底和 2 月初下载了投资应用程序,只是为了享受乐趣。嘉信理财(SCHW)最近的一项调查发现,15%的现有交易者在2020年后开始投资。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/167386c6881a258922ad62caaf7a05f4\" tg-width=\"971\" tg-height=\"644\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8e29e3041b91070252ab9063d1a11fa2\" tg-width=\"975\" tg-height=\"642\"><img src=\"https://static.tigerbbs.com/f9cc1c0bd6368721c0eca87e25719f16\" tg-width=\"964\" tg-height=\"641\"></p><p><blockquote></blockquote></p><p> The most prominent player in the surge is Robinhood, which said it had added 5.5 million funded accounts in the first quarter alone. But it isn’t alone. Fidelity, for instance, announced that it had attracted 1.6 million new customers under the age of 35 in the first quarter, 223% more than a year before.</p><p><blockquote>激增中最突出的参与者是 Robinhood,该公司表示仅在第一季度就增加了 550 万个资金账户。但它并不孤单。例如,富达宣布,第一季度吸引了 160 万 35 岁以下的新客户,比去年同期增长了 223%。</blockquote></p><p> Under pressure from Robinhood’s zero-commission model, all of the major brokers cut commissions to zero in 2019. That opened the floodgates to a new group of customers—one that may not have as much spare cash to trade but is more active and diverse than its predecessors. And the brokers are cashing in. Fidelity is hoping to attract investors before they even have driver’s licenses, allowing children as young as 13 to open trading accounts. Robinhood is riding the momentum to an initial public offering that analysts expect to value it at more than 10 times its revenue.</p><p><blockquote>在 Robinhood 零佣金模式的压力下,所有主要经纪商都在 2019 年将佣金降至零。这为新客户群体打开了闸门——他们可能没有那么多闲置现金进行交易,但比前辈更加活跃和多样化。经纪人正在套现。富达希望在投资者获得驾照之前就吸引他们,允许年仅 13 岁的儿童开设交易账户。Robinhood 正在乘势而上进行首次公开募股,分析师预计其估值将超过其收入的 10 倍。</blockquote></p><p> These new customers act differently than their older peers. For years, there was a “big gravitation toward ETFs,” says Chris Larkin, head of trading at E*Trade, which is now owned by Morgan Stanley (MS). But picking single stocks is clearly “the big story of 2021.”</p><p><blockquote>这些新客户的行为与他们的老同行不同。E*Trade 交易主管克里斯-拉金(Chris Larkin)说,多年来,“ETF 一直备受青睐”,E*Trade 现归摩根士丹利(MS)所有。但挑选个股显然是 “2021 年的大新闻”。</blockquote></p><p> To be sure, equity exchange-traded funds are still doing well, as investors around the world bet on the pandemic recovery and avoid weak bond yields.</p><p><blockquote>可以肯定的是,随着世界各地的投资者押注疫情复苏并避免疲软的债券收益率,股票交易所交易基金仍然表现良好。</blockquote></p><p></p><p> But ETFs don’t light up the message boards like stocks do. Not that it has been a one-way ride for the top names. GameStop did dip in February, and Wall Street enjoyed a moment of schadenfreude. It didn’t last.</p><p><blockquote>但 ETF 不像股票那样点亮留言板。这并不是说顶级公司的单行道。游戏驿站二月份确实下跌,华尔街享受了幸灾乐祸的时刻。它并没有持续多久。</blockquote></p><p> “Like cicadas, meme traders returned in a wild blaze of activity after being seemingly underground for several months,” wrote Steve Sosnick, chief strategist at Interactive Brokers. Sosnick believes that the meme stocks tend to trade inversely to cryptocurrencies, because their fans rotate from one to the other as the momentum shifts.</p><p><blockquote>“盈透证券(Interactive Brokers)首席策略师史蒂夫-索斯尼克(Steve Sosnick)写道:”就像蝉一样,备忘录交易者在表面上隐匿了几个月后又重新活跃起来。索斯尼克认为,模因股票的交易往往与加密货币相反,因为随着势头的变化,它们的粉丝会从一种货币转向另一种货币。</blockquote></p><p> “I don’t think it’s strictly a coincidence that meme stocks roared back to life after a significant correction in Bitcoin and other cryptocurrencies,” he wrote.</p><p><blockquote>“他写道:”我不认为,在比特币和其他加密货币大幅回调后,备忘录股票卷土重来完全是巧合。</blockquote></p><p> Sosnick considers meme stocks a “sector unto themselves,” one that he segregates on his computer monitor away from other stock tickers.</p><p><blockquote>索斯尼克认为备忘录股票是一个 “独立的板块”,他在电脑显示器上将其与其他股票代码分开。</blockquote></p><p> Indeed, Wall Street’s reaction to the meme stock revolution has been to isolate the parts of the market that the pros deem irrational. Most short sellers won’t touch the stocks, and analysts are dropping coverage.</p><p><blockquote>事实上,华尔街对备忘录股票革命的反应一直是孤立专业人士认为不理性的市场部分。大多数卖空者不会碰这些股票,分析师也在放弃报道。</blockquote></p><p> But Wall Street can’t swat the retail army away like cicadas, or count on them disappearing for the next 17 years. Stock trading has permanently shifted. This year, retail activity accounts for 24% of equity volume, up from 15% in 2019. Adherents to the new creed are not passive observers willing to let Wall Street manage the markets.</p><p><blockquote>但华尔街不能像蝉一样把零售大军赶走,也不能指望它们在未来 17 年内消失。股票交易已经发生了永久性的变化。今年,零售活动占股本量的 24%,高于 2019 年的 15%。新信条的追随者不是愿意让华尔街管理市场的被动观察者。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/710e642d3b685b74f8c9dcaf46ef3e0b\" tg-width=\"968\" tg-height=\"643\"></p><p><blockquote></blockquote></p><p> “What this really reflects is a reversal of the trends that we saw toward less and less engagement with individual companies,” says Joshua Mitts, a professor at Columbia Law School specializing in securities markets. “Technology is bringing the average investor closer to the companies in which he or she invests, and that’s just taking on new and unpredictable forms.”</p><p><blockquote>“哥伦比亚法学院(Columbia Law School)专门研究证券市场的教授约书亚-米茨(Joshua Mitts)说:”这实际上反映了我们所看到的趋势的逆转,即与个别公司的接触越来越少。“技术正在拉近普通投资者与他或她所投资的公司的距离,而这只是以新的、不可预测的形式出现。”</blockquote></p><p> The swings you get can definitely make you feel some sort of way.</p><p><blockquote>你得到的秋千肯定会让你有某种感觉。</blockquote></p><p> — Matt Kohrs, 26, who streams stock analysis daily on YouTube</p><p><blockquote>— Matt Kohrs,26 岁,每天在 YouTube 上直播股票分析</blockquote></p><p> It is now changing the lives of those who got in early and are still riding the names higher.</p><p><blockquote>它现在正在改变那些早早加入的人的生活,并且仍然在更高的名字上。</blockquote></p><p> Take Matt Kohrs, who had invested in AMC Entertainment early. He quit his job as a programmer in New York in February, moved to Philadelphia, and started streaming stock analysis on YouTube for seven hours a day.</p><p><blockquote>以马特·科尔斯为例,他很早就投资了AMC院线。今年2月,他辞去了纽约程序员的工作,搬到了费城,并开始在YouTube上每天7个小时直播股票分析。</blockquote></p><p> With 350,000 YouTube followers, it’s paying the bills. With his earnings from ads and from the stock, Kohrs says he can pull down roughly the same salary he made before. But he also knows that relying on earnings from stocks like this is nothing like a 9-to-5 job.</p><p><blockquote>YouTube 拥有 35 万粉丝,它正在支付账单。科尔斯说,凭借广告和股票的收入,他可以拿到与以前大致相同的工资。但他也知道,像这样依赖股票收益与朝九晚五的工作完全不同。</blockquote></p><p> “The swings you get can definitely make you feel some sort of way,” he says.</p><p><blockquote>“他说:”你得到的秋千肯定会让你有某种感觉。</blockquote></p><p> Companies are starting to react more aggressively, too. They are either embracing their new owners or paying meme-ologists to understand the emoji-filled language of the new Wall Street so they can ward them off or appease them.</p><p><blockquote>公司也开始做出更积极的反应。他们要么拥抱他们的新主人,要么付钱给迷因学家来理解新华尔街充满表情符号的语言,这样他们就可以阻止他们或安抚他们。</blockquote></p><p> AMC even canceled a proposed equity raise this past week because the company apparently didn’t like the vibes it was getting from the Reddit crowd. AMC has already quintupled its share count over the past year. CEO Adam Aron tweeted that he had seen “many yes, many no” reactions to his proposal to issue 25 million more shares, so it will be canceled instead of being presented for a vote at AMC’s annual meeting later this month. The company did not respond to a question on how it had polled shareholders.</p><p><blockquote>AMC 甚至在上周取消了一项拟议的股权融资,因为该公司显然不喜欢 Reddit 人群的反响。过去一年,AMC 的股票数量已经增加了五倍。首席执行官亚当-阿伦(Adam Aron)在推特上表示,他看到了 “许多人赞成,许多人反对 ”对他增发 2500 万股股票的提议的反应,因此该提议将被取消,而不是在本月晚些时候的 AMC 年会上进行表决。该公司没有回答有关如何调查股东的问题。</blockquote></p><p> Forget the boardroom. Corporate policy is now being determined in the chat room.</p><p><blockquote>忘了会议室吧。公司政策现在正在聊天室里决定。</blockquote></p><p> Big investors are spending more time tracking social-media discussions about stocks. Bank of America found in a survey this year that about 25% of institutions had already been tracking social-media sentiment, but that about 40% are interested in using it going forward.</p><p><blockquote>大投资者正在花费更多时间跟踪社交媒体上有关股票的讨论。美国银行在今年的一项调查中发现,大约25%的机构已经在跟踪社交媒体情绪,但大约40%的机构有兴趣在未来使用它。</blockquote></p><p> In the past few months, Bank of America, Morgan Stanley, and J.P. Morgan have all produced reports on how to trade around the retail action, coming to somewhat different conclusions.</p><p><blockquote>在过去的几个月里,美国银行、摩根士丹利和摩根大通都发布了关于如何围绕零售行动进行交易的报告,得出了有些不同的结论。</blockquote></p><p> There can be “alpha in the signal,” as Morgan Stanley put it, but it can take some intense number-crunching to get there. Not all message-board chatter leads to sustained price gains, of course, and retail order flow cannot easily be separated from institutional flow without substantial data analysis. For investors with the tools to pinpoint which stocks retail investors are buying and which they are selling, J.P. Morgan suggests going long on the 20% of stocks with the most buying interest and short on the top 20% in selling interest.</p><p><blockquote>正如摩根士丹利所说,信号中可能存在 “阿尔法”,但要实现这一目标可能需要一些紧张的数字运算。当然,并不是所有的留言板聊天都会导致价格持续上涨,如果没有大量的数据分析,零售订单流很难与机构流分开。对于拥有工具来确定散户投资者正在购买哪些股票和正在出售哪些股票的投资者来说,摩根大通建议做多买入兴趣最高的 20% 的股票,做空卖出兴趣最高的 20% 的股票。</blockquote></p><p> For now, many of the institutions buying data on social-media sentiment appear to be trying to reduce their risks, as opposed to scouting new opportunities, according to Boris Spiwak of alternative data firm Thinknum, which offers products that track social-media sentiment. “They see it as almost like an insurance policy, to limit their downside risks,” he says.</p><p><blockquote>提供跟踪社交媒体情绪产品的另类数据公司Thinknum的鲍里斯·斯皮瓦克(Boris Spiwak)表示,目前,许多购买社交媒体情绪数据的机构似乎都在试图降低风险,而不是寻找新的机会。“他说:”他们认为这几乎就像一份保险,以限制他们的下行风险。</blockquote></p><p></p><p> For retail traders, the method isn’t always scientific. The action is sustained by a community ethos. And the force behind it is as much emotional and moral as financial.</p><p><blockquote>对于零售商来说,这种方法并不总是科学的。这一行动是由社区精神支撑的。其背后的力量既是情感上的,也是道德上的,也是经济上的。</blockquote></p><p> New investors say they are motivated by a desire to prove themselves and punish the old guard as much as by profits. They learn from one another about the market, sometimes amplifying or debunking conspiracy theories about Wall Street. Some link the meme-stock movement to continued mistrust of big financial institutions stemming from the 2008 financial crisis.</p><p><blockquote>新投资者表示,他们的动机是希望证明自己,并像利润一样惩罚保守派。他们互相学习市场,有时会放大或揭穿关于华尔街的阴谋论。一些人将模因股票运动与2008年金融危机引发的对大型金融机构的持续不信任联系起来。</blockquote></p><p> “Wall Street brought our economy to its knees, and no one ever got in trouble for it,” says the 26-year-old Kohrs. “So, I think they view this as not only can we make money, but we can also make these hedge funds on Wall Street pay.”</p><p><blockquote>“26 岁的科尔斯说:”华尔街让我们的经济陷入困境,但没有人因此惹上麻烦。“所以,我认为他们认为我们不仅可以赚钱,还可以让华尔街的这些对冲基金付钱。”</blockquote></p><p> Claire Hirschberg is a 28-year-old union organizer who bought about $50 worth of GameStop stock on Robinhood in January after hearing about it from friends. She liked the idea, but what really got her excited about it was the reaction of her father, a longtime money manager. “He was so mad I had bought GameStop and was refusing to sell,” she says, laughing. “And that just makes me want to hold it forever.”</p><p><blockquote>克莱尔·赫希伯格 (Claire Hirschberg) 是一名 28 岁的工会组织者,她在 1 月份从朋友那里听说 Robinhood 上购买了价值约 50 美元的游戏驿站股票。她喜欢这个想法,但真正让她兴奋的是她父亲的反应,他是一名长期的资金经理。“她笑着说:”他很生气我买了游戏驿站,还不肯卖。“这让我想永远拿着它。”</blockquote></p><p> Just like old Wall Street has rituals and codes, the new one does, too. A new investment banking employee learns quickly that you don’t wear a Ferragamo tie until after you make associate. You never leave the office until the managing director does, and you don’t complain about the hours. And the bad guys are the regulators and Sen. Elizabeth Warren, and not in that order.</p><p><blockquote>就像老华尔街有仪式和准则一样,新华尔街也有。一位新的投资银行员工很快就会知道,在你成为合伙人之前,你不会打菲拉格慕领带。在总经理离开之前,你从不离开办公室,你也不会抱怨工作时间。坏人是监管者和参议员伊丽莎白·沃伦,而且不是按顺序。</blockquote></p><p> The new trading desk—the apps that millions of retail traders now use and the message boards where they congregate—have unspoken rules, too. Publicly acknowledging financial losses is a valiant act, evidence of internal fortitude and belief in the group. You don’t take yourself seriously and you don’t police language. You are part of an army of “apes” or “retards.” You hold through the crashes, even if it means you might lose everything. And the bad guys are the short sellers, the market makers, and the Wall Street elites, in that order.</p><p><blockquote>新的交易台——数百万散户交易者现在使用的应用程序和他们聚集的留言板——也有潜规则。公开承认财务损失是一种勇敢的行为,是内部坚韧和对本集团信念的证明。你不把自己当回事,也不规范语言。你是 “猿类 ”或 “弱智 ”大军的一员。你坚持住,即使这意味着你可能会失去一切。坏人依次是卖空者、做市商和华尔街精英。</blockquote></p><p> The group action is not just for moral support. The trading strategy depends on people keeping up the buying pressure to force a short squeeze or to buy bullish options that trigger what’s known as a gamma squeeze.</p><p><blockquote>集体行动不仅仅是为了精神支持。交易策略取决于人们保持买入压力,迫使做空,或买入看涨期权,从而引发所谓的伽马挤压。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/75d79c78a14cc8f297e17397cc54bdb5\" tg-width=\"1260\" tg-height=\"840\"><span>Keith Gill became the face of the Reddit army of retail traders pushing shares of GameStop higher when he appeared virtually before a House Financial Services Committee hearing in February.</span></p><p><blockquote><p class=\"t-img-caption\"><span>基思·吉尔 (Keith Gill) 在二月份众议院金融服务委员会听证会上虚拟露面,成为 Reddit 散户交易员大军推高游戏驿站股价的代言人。</span></p></blockquote></p><p> Many short sellers say they won’t touch these stocks anymore. But clearly, others aren’t taking that advice and are giving the meme movement oxygen by repeatedly betting against the stocks. AMC’s short interest was at 17% of the stock’s float in mid-June, down from 28% in January, but not by much.</p><p><blockquote>许多卖空者表示,他们不会再碰这些股票了。但显然,其他人并没有采纳这一建议,而是通过反复做空股票来给备忘录运动注入氧气。6 月中旬,AMC 的空头权益占该股流通量的 17%,低于 1 月份的 28%,但降幅不大。</blockquote></p><p> As the price rises, the shorts can’t help themselves. They start “drooling, with flames coming out of their ears,” says Michael Pachter, a Wedbush Securities analyst who has covered GameStop for years. “What’s kind of shocked me is the definition of insanity, which is doing the same thing over and over and over again and hoping for a different outcome each time, and the shorts keep coming back,” he says. “And [GameStop bull] Keith Gill and his Reddit raiders keep squeezing them, and it keeps working.”</p><p><blockquote>随着价格上涨,空头们也控制不住自己。多年来一直关注游戏驿站的韦德布什证券分析师迈克尔-帕切特(Michael Pachter)说,他们开始 “流口水,耳朵里冒出火焰”。“他说:”让我感到震惊的是精神错乱的定义,就是一遍又一遍地做同样的事情,每次都希望有不同的结果,而空头却不断出现。“[游戏驿站公牛]基思-吉尔(Keith Gill)和他的 Reddit raiders 一直在挤压他们,而且一直在起作用。”</blockquote></p><p> To beat the short sellers, the Reddit crowd needs to hold together, but the community has been showing cracks at times. The two meme stocks with the most determined fan bases—GameStop and AMC—still have enormous armies of core believers who do not seem easily swayed. But other names seem to have more-fickle backers. Several stocks caught up in the meme madness have come crashing down to earth.Bed Bath & Beyond(BBBY) spiked twice—in late January and early June—but now trades only slightly above its mid-January levels. People who bought during the upswings have lost money.</p><p><blockquote>为了击败卖空者,Reddit 人群需要团结起来,但该社区有时会出现裂缝。拥有最坚定粉丝群的两只模因股票——游戏驿站和 AMC——仍然拥有庞大的核心信徒大军,他们似乎不容易动摇。但其他名字似乎有更善变的支持者。几只陷入迷因疯狂的股票已经崩溃。 Bed Bath & Beyond (BBBY) 在 1 月底和 6 月初两次飙升,但现在的交易价格仅略高于 1 月中旬的水平。在上涨期间买入的人已经赔钱了。</blockquote></p><p> Distrust has spread, and some traders worry that wallstreetbets— the original Reddit message board that inspired the GameStop frenzy—has grown so fast that it has lost its original spirit, and potentially grown vulnerable to manipulation. Some have moved to other message boards, like r/superstonk, in hopes of reclaiming the old community’s flavor.</p><p><blockquote>不信任已经蔓延,一些交易员担心 wallstreetbets——激发游戏驿站狂热的最初 Reddit 留言板——发展如此之快,以至于它已经失去了最初的精神,并可能变得容易受到操纵。有些人搬到了其他留言板,如 r/superstonk,希望能重现老社区的风味。</blockquote></p><p> Travis Rehl, the founder of social-media tracking company Hype Equity, says that he tries to separate possible manipulators from more organic investor sentiment. Hype Equity is usually hired by public-relations firms representing companies that are being talked about online, he says. Now, he sees a growing trend of stocks that suddenly come up on message boards, receive positive chatter, and then disappear.</p><p><blockquote>社交媒体跟踪公司 Hype Equity 的创始人特拉维斯·雷尔 (Travis Rehl) 表示,他试图将可能的操纵者与更有机的投资者情绪区分开来。他说,炒作股权通常由代表网上谈论的公司的公关公司雇佣。现在,他看到了一种不断增长的趋势,即股票突然出现在留言板上,收到积极的聊天,然后消失。</blockquote></p><p></p><p> “It’s called into question what is a true discussion versus what is something that somebody just wants to pump,” he says. The moderators of wallstreetbets forbid market manipulation on the platform, and Rehl say they appear to work hard to police misinformation. The moderators did not respond to a request from Barron’s for comment.</p><p><blockquote>“他说:”这让人怀疑什么是真正的讨论,什么是某人只想炒作的东西。wallstreetbets 的版主禁止在该平台上操纵市场,Rehl 表示,他们似乎正在努力遏制错误信息。主持人没有回应《巴伦周刊》的置评请求。</blockquote></p><p> “If you can create enough buzz to get a stock that goes up 10%, 20%, even 50% in a short period of time, there’s a tremendous incentive to do that,” Sosnick says.</p><p><blockquote>“索斯尼克说:”如果你能制造足够的轰动效应,让一只股票在短时间内上涨 10%、20%,甚至 50%,那么你就有巨大的动力去做这件事。</blockquote></p><p> The Securities and Exchange Commission is watching for funny business on the message boards. SEC Chairman Gary Gensler and some members of Congress have discussed changing market rules with the intention of adding transparency protecting retail traders—although changes could also anger the retail crowd if they slow down trading or make it more expensive.</p><p><blockquote>美国证券交易委员会正在关注留言板上的有趣交易。美国证券交易委员会主席加里·詹斯勒(Gary Gensler)和一些国会议员讨论了改变市场规则,目的是增加保护散户交易者的透明度——尽管如果这些变化减缓交易速度或使交易成本更高,也可能激怒零售人群。</blockquote></p><p> Regulations aren’t the only thing that could deflate this trend. Dan Egan, vice president of behavioral finance and investing at fintech Betterment, thinks the momentum may run out of steam in September. Even “apes” have responsibilities. “Kids start going back to schools; parents are free to go to work again,” he says. “That’s the next time there’s going to be some oxygen pulled out of the room.”</p><p><blockquote>监管并不是唯一能遏制这一趋势的因素。fintech Betterment 行为金融和投资副总裁丹·伊根 (Dan Egan) 认为,这种势头可能会在 9 月份耗尽。即使是 “猿猴 ”也有责任。“他说:”孩子们开始重返校园;家长们也可以自由地再次上班了。“那是下一次从房间里抽出氧气的时候了。”</blockquote></p><p> Traditional investors may be tempted to write off the entire phenomenon as temporary madness inspired by lockdowns and free government money. But that would be a mistake. If zero-commission brokerages and fun with GameStop broke down barriers for millions of new investors to open accounts, it’s almost certainly a good thing, as long as most people bet with money they don’t need immediately. Many new retail traders say they are teaching themselves how to trade, and have begun to diversify their holdings.</p><p><blockquote>传统投资者可能会倾向于将整个现象视为由封锁和免费政府资金引发的暂时疯狂。但那将是一个错误。如果零佣金经纪和游戏驿站乐趣打破了数百万新投资者开户的障碍,那么只要大多数人用他们并不立即需要的钱下注,这几乎肯定是一件好事。许多新零售商表示,他们正在自学如何交易,并开始分散持股。</blockquote></p><p> In one form or another, this is the future client base of Wall Street.</p><p><blockquote>无论如何,这是华尔街未来的客户群。</blockquote></p><p> Arizona State University professor Hendrik Bessembinder published groundbreaking research in 2018 that found that “a randomly selected stock in a randomly selected month is more likely to lose money than make money.” In short, picking single stocks and holding a concentrated portfolio tends to be a losing strategy.</p><p><blockquote>亚利桑那州立大学教授亨德里克-贝森宾德(Hendrik Bessembinder)在2018年发表了一项开创性的研究,发现“在随机选择的月份随机选择的股票,亏损的可能性大于赚钱的可能性”。简而言之,挑选单只股票并持有集中投资组合往往是一种失败的策略。</blockquote></p><p> Even so, he’s encouraged by the new wave of trading. “I welcome the increase in retail trading, the idea of the stock market being a place with wide participation,” Bessembinder says. “Economists can’t tell people they shouldn’t get some fun.”</p><p><blockquote>即便如此,他还是对新一波交易感到鼓舞。“贝森宾德说:”我欢迎零售交易的增加,欢迎股票市场成为一个广泛参与的地方。“经济学家不能告诉人们他们不应该找点乐子”。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.barrons.com/articles/the-meme-stock-trade-is-far-from-over-what-investors-need-to-know-51625875247?mod=hp_HERO\">Barrons</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","BB":"黑莓","AMC":"AMC院线","SCHW":"嘉信理财","CARV":"卡弗储蓄","BBBY":"Bed Bath & Beyond, Inc.","WKHS":"Workhorse Group, Inc.","CLOV":"Clover Health Corp","NEGG":"Newegg Comm Inc."},"source_url":"https://www.barrons.com/articles/the-meme-stock-trade-is-far-from-over-what-investors-need-to-know-51625875247?mod=hp_HERO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112201050","content_text":"It seemed to be only a matter of time.\nWhen GameStop (ticker: GME), BlackBerry (BB), and even the desiccated carcass of Blockbuster suddenly sprang to life in January, the clock was already ticking for when they would crash again. Would it be hours, days, or weeks?\nIt has now been half a year, and the core “meme stocks” are still trading at levels considered outrageous by people who have studied them for years. New names like Clover Health Investments(CLOV) and Newegg Commerce(NEGG) have recently popped up on message boards, and their stocks have popped, too.\nThe collective efforts of millions of retail traders—long derided as “the dumb money”—have successfully held stocks aloft and forced naysayers to capitulate.\nThat is true even as the companies they are betting on have shown scant signs of transforming their businesses, or turning profits that might justify their valuations. BlackBerry burned cash in its latest quarter and warned that its key cybersecurity division would hit the low end of its revenue guidance; the stock dipped on the news but has still more than doubled in the past year.\nWhile trading volume at the big brokers has come down slightly from its February peak, it remains two to three times as high as it was before the pandemic. And a startling amount of that activity is occurring in stocks favored by retail traders. The average daily value of shares traded in AMC Entertainment Holdings(AMC), for example, reached $13.1 billion in June, more than Apple’s(AAPL) $9.5 billion and Amazon.com’s (AMZN) $10.3 billion.\nEven as the coronavirus fades in the U.S., most new traders say they are committed to the hobby they learned during lockdown—58% of day traders in a Betterment survey said they are planning to trade even more in the future, and only 12% plan to trade less. Amateur pandemic bakers have stopped kneading sourdough loaves; traders are only getting hungrier.\nA sustained bear market would spoil such an appetite, as it did when the dot-com bubble burst. For now, dips are reasons to hold or buy.\n\n“I’ve seen that the ‘buy the dip’ sentiment hasn’t relented for a moment,” wrote Brandon Luczek, an electronics technician for the U.S. Navy who trades with friends online, in an email to Barron’s.\nThe meme stock surge has been propelled by a rise in trading by retail investors. In 2020, online brokers signed clients at a record pace, with more than 10 million people opening new accounts. That record will almost certainly be broken in 2021. Brokers had already added more than 10 million accounts less than halfway into the year, some of the top firms have disclosed.\nMeme stocks are both the cart and the horse of this phenomenon. Their sudden price spikes are driven by new investors, and then that action drives even more new people to invest. Millions of people downloaded investing apps in late January and early February just to be a part of the fun. A recent Charles Schwab(SCHW) survey found that 15% of all current traders began investing after 2020.\n\nThe most prominent player in the surge is Robinhood, which said it had added 5.5 million funded accounts in the first quarter alone. But it isn’t alone. Fidelity, for instance, announced that it had attracted 1.6 million new customers under the age of 35 in the first quarter, 223% more than a year before.\nUnder pressure from Robinhood’s zero-commission model, all of the major brokers cut commissions to zero in 2019. That opened the floodgates to a new group of customers—one that may not have as much spare cash to trade but is more active and diverse than its predecessors. And the brokers are cashing in. Fidelity is hoping to attract investors before they even have driver’s licenses, allowing children as young as 13 to open trading accounts. Robinhood is riding the momentum to an initial public offering that analysts expect to value it at more than 10 times its revenue.\nThese new customers act differently than their older peers. For years, there was a “big gravitation toward ETFs,” says Chris Larkin, head of trading at E*Trade, which is now owned by Morgan Stanley (MS). But picking single stocks is clearly “the big story of 2021.”\nTo be sure, equity exchange-traded funds are still doing well, as investors around the world bet on the pandemic recovery and avoid weak bond yields.\nBut ETFs don’t light up the message boards like stocks do. Not that it has been a one-way ride for the top names. GameStop did dip in February, and Wall Street enjoyed a moment of schadenfreude. It didn’t last.\n“Like cicadas, meme traders returned in a wild blaze of activity after being seemingly underground for several months,” wrote Steve Sosnick, chief strategist at Interactive Brokers. Sosnick believes that the meme stocks tend to trade inversely to cryptocurrencies, because their fans rotate from one to the other as the momentum shifts.\n“I don’t think it’s strictly a coincidence that meme stocks roared back to life after a significant correction in Bitcoin and other cryptocurrencies,” he wrote.\nSosnick considers meme stocks a “sector unto themselves,” one that he segregates on his computer monitor away from other stock tickers.\nIndeed, Wall Street’s reaction to the meme stock revolution has been to isolate the parts of the market that the pros deem irrational. Most short sellers won’t touch the stocks, and analysts are dropping coverage.\nBut Wall Street can’t swat the retail army away like cicadas, or count on them disappearing for the next 17 years. Stock trading has permanently shifted. This year, retail activity accounts for 24% of equity volume, up from 15% in 2019. Adherents to the new creed are not passive observers willing to let Wall Street manage the markets.\n\n“What this really reflects is a reversal of the trends that we saw toward less and less engagement with individual companies,” says Joshua Mitts, a professor at Columbia Law School specializing in securities markets. “Technology is bringing the average investor closer to the companies in which he or she invests, and that’s just taking on new and unpredictable forms.”\nThe swings you get can definitely make you feel some sort of way.\n— Matt Kohrs, 26, who streams stock analysis daily on YouTube\nIt is now changing the lives of those who got in early and are still riding the names higher.\nTake Matt Kohrs, who had invested in AMC Entertainment early. He quit his job as a programmer in New York in February, moved to Philadelphia, and started streaming stock analysis on YouTube for seven hours a day.\nWith 350,000 YouTube followers, it’s paying the bills. With his earnings from ads and from the stock, Kohrs says he can pull down roughly the same salary he made before. But he also knows that relying on earnings from stocks like this is nothing like a 9-to-5 job.\n“The swings you get can definitely make you feel some sort of way,” he says.\nCompanies are starting to react more aggressively, too. They are either embracing their new owners or paying meme-ologists to understand the emoji-filled language of the new Wall Street so they can ward them off or appease them.\nAMC even canceled a proposed equity raise this past week because the company apparently didn’t like the vibes it was getting from the Reddit crowd. AMC has already quintupled its share count over the past year. CEO Adam Aron tweeted that he had seen “many yes, many no” reactions to his proposal to issue 25 million more shares, so it will be canceled instead of being presented for a vote at AMC’s annual meeting later this month. The company did not respond to a question on how it had polled shareholders.\nForget the boardroom. Corporate policy is now being determined in the chat room.\nBig investors are spending more time tracking social-media discussions about stocks. Bank of America found in a survey this year that about 25% of institutions had already been tracking social-media sentiment, but that about 40% are interested in using it going forward.\nIn the past few months, Bank of America, Morgan Stanley, and J.P. Morgan have all produced reports on how to trade around the retail action, coming to somewhat different conclusions.\nThere can be “alpha in the signal,” as Morgan Stanley put it, but it can take some intense number-crunching to get there. Not all message-board chatter leads to sustained price gains, of course, and retail order flow cannot easily be separated from institutional flow without substantial data analysis. For investors with the tools to pinpoint which stocks retail investors are buying and which they are selling, J.P. Morgan suggests going long on the 20% of stocks with the most buying interest and short on the top 20% in selling interest.\nFor now, many of the institutions buying data on social-media sentiment appear to be trying to reduce their risks, as opposed to scouting new opportunities, according to Boris Spiwak of alternative data firm Thinknum, which offers products that track social-media sentiment. “They see it as almost like an insurance policy, to limit their downside risks,” he says.\nFor retail traders, the method isn’t always scientific. The action is sustained by a community ethos. And the force behind it is as much emotional and moral as financial.\nNew investors say they are motivated by a desire to prove themselves and punish the old guard as much as by profits. They learn from one another about the market, sometimes amplifying or debunking conspiracy theories about Wall Street. Some link the meme-stock movement to continued mistrust of big financial institutions stemming from the 2008 financial crisis.\n“Wall Street brought our economy to its knees, and no one ever got in trouble for it,” says the 26-year-old Kohrs. “So, I think they view this as not only can we make money, but we can also make these hedge funds on Wall Street pay.”\nClaire Hirschberg is a 28-year-old union organizer who bought about $50 worth of GameStop stock on Robinhood in January after hearing about it from friends. She liked the idea, but what really got her excited about it was the reaction of her father, a longtime money manager. “He was so mad I had bought GameStop and was refusing to sell,” she says, laughing. “And that just makes me want to hold it forever.”\nJust like old Wall Street has rituals and codes, the new one does, too. A new investment banking employee learns quickly that you don’t wear a Ferragamo tie until after you make associate. You never leave the office until the managing director does, and you don’t complain about the hours. And the bad guys are the regulators and Sen. Elizabeth Warren, and not in that order.\nThe new trading desk—the apps that millions of retail traders now use and the message boards where they congregate—have unspoken rules, too. Publicly acknowledging financial losses is a valiant act, evidence of internal fortitude and belief in the group. You don’t take yourself seriously and you don’t police language. You are part of an army of “apes” or “retards.” You hold through the crashes, even if it means you might lose everything. And the bad guys are the short sellers, the market makers, and the Wall Street elites, in that order.\nThe group action is not just for moral support. The trading strategy depends on people keeping up the buying pressure to force a short squeeze or to buy bullish options that trigger what’s known as a gamma squeeze.\nKeith Gill became the face of the Reddit army of retail traders pushing shares of GameStop higher when he appeared virtually before a House Financial Services Committee hearing in February.\nMany short sellers say they won’t touch these stocks anymore. But clearly, others aren’t taking that advice and are giving the meme movement oxygen by repeatedly betting against the stocks. AMC’s short interest was at 17% of the stock’s float in mid-June, down from 28% in January, but not by much.\nAs the price rises, the shorts can’t help themselves. They start “drooling, with flames coming out of their ears,” says Michael Pachter, a Wedbush Securities analyst who has covered GameStop for years. “What’s kind of shocked me is the definition of insanity, which is doing the same thing over and over and over again and hoping for a different outcome each time, and the shorts keep coming back,” he says. “And [GameStop bull] Keith Gill and his Reddit raiders keep squeezing them, and it keeps working.”\nTo beat the short sellers, the Reddit crowd needs to hold together, but the community has been showing cracks at times. The two meme stocks with the most determined fan bases—GameStop and AMC—still have enormous armies of core believers who do not seem easily swayed. But other names seem to have more-fickle backers. Several stocks caught up in the meme madness have come crashing down to earth.Bed Bath & Beyond(BBBY) spiked twice—in late January and early June—but now trades only slightly above its mid-January levels. People who bought during the upswings have lost money.\nDistrust has spread, and some traders worry that wallstreetbets— the original Reddit message board that inspired the GameStop frenzy—has grown so fast that it has lost its original spirit, and potentially grown vulnerable to manipulation. Some have moved to other message boards, like r/superstonk, in hopes of reclaiming the old community’s flavor.\nTravis Rehl, the founder of social-media tracking company Hype Equity, says that he tries to separate possible manipulators from more organic investor sentiment. Hype Equity is usually hired by public-relations firms representing companies that are being talked about online, he says. Now, he sees a growing trend of stocks that suddenly come up on message boards, receive positive chatter, and then disappear.\n“It’s called into question what is a true discussion versus what is something that somebody just wants to pump,” he says. The moderators of wallstreetbets forbid market manipulation on the platform, and Rehl say they appear to work hard to police misinformation. The moderators did not respond to a request from Barron’s for comment.\n“If you can create enough buzz to get a stock that goes up 10%, 20%, even 50% in a short period of time, there’s a tremendous incentive to do that,” Sosnick says.\nThe Securities and Exchange Commission is watching for funny business on the message boards. SEC Chairman Gary Gensler and some members of Congress have discussed changing market rules with the intention of adding transparency protecting retail traders—although changes could also anger the retail crowd if they slow down trading or make it more expensive.\nRegulations aren’t the only thing that could deflate this trend. Dan Egan, vice president of behavioral finance and investing at fintech Betterment, thinks the momentum may run out of steam in September. Even “apes” have responsibilities. “Kids start going back to schools; parents are free to go to work again,” he says. “That’s the next time there’s going to be some oxygen pulled out of the room.”\nTraditional investors may be tempted to write off the entire phenomenon as temporary madness inspired by lockdowns and free government money. But that would be a mistake. If zero-commission brokerages and fun with GameStop broke down barriers for millions of new investors to open accounts, it’s almost certainly a good thing, as long as most people bet with money they don’t need immediately. Many new retail traders say they are teaching themselves how to trade, and have begun to diversify their holdings.\nIn one form or another, this is the future client base of Wall Street.\nArizona State University professor Hendrik Bessembinder published groundbreaking research in 2018 that found that “a randomly selected stock in a randomly selected month is more likely to lose money than make money.” In short, picking single stocks and holding a concentrated portfolio tends to be a losing strategy.\nEven so, he’s encouraged by the new wave of trading. “I welcome the increase in retail trading, the idea of the stock market being a place with wide participation,” Bessembinder says. “Economists can’t tell people they shouldn’t get some fun.”","news_type":1,"symbols_score_info":{"SCHW":0.9,"CLOV":0.9,"BBBY":0.9,"BB":0.9,"NEGG":0.9,"WKHS":0.9,"GME":0.9,"MRIN":0.9,"AMC":0.9,"CARV":0.9}},"isVote":1,"tweetType":1,"viewCount":599,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112421601,"gmtCreate":1622905251203,"gmtModify":1634096969908,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574222119045289","idStr":"3574222119045289"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>NBC reporter confirms naked shorts are real, clip got deleted shortly afterWoo!! Monday will be very exciting!! Get ready your ammo load up amc!","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>NBC reporter confirms naked shorts are real, clip got deleted shortly afterWoo!! Monday will be very exciting!! Get ready your ammo load up amc!","text":"$AMC Entertainment(AMC)$NBC reporter confirms naked shorts are real, clip got deleted shortly afterWoo!! Monday will be very exciting!! Get ready your ammo load up amc!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/112421601","isVote":1,"tweetType":1,"viewCount":2198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147486758,"gmtCreate":1626384303674,"gmtModify":1633927372829,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574222119045289","idStr":"3574222119045289"},"themes":[],"title":"","htmlText":"Finally something good for<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a><a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>tthis are the stock worth looking for!!Like n share!!","listText":"Finally something good for<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a><a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>tthis are the stock worth looking for!!Like n share!!","text":"Finally something good for$AMC Entertainment(AMC)$$GameStop(GME)$tthis are the stock worth looking for!!Like n share!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/147486758","repostId":"1164987892","repostType":4,"repost":{"id":"1164987892","kind":"news","pubTimestamp":1626362690,"share":"https://www.laohunote.com/m/news/1164987892?lang=zh_CN&edition=full","pubTime":"2021-07-15 23:24","market":"us","language":"en","title":"AMC and Verb Tech Rise, GameStop Slips Among Meme Stocks in Focus<blockquote>AMC 和 Verb Tech 上涨,游戏驿站下滑成为焦点模因股</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1164987892","media":"Thestreet","summary":"Shares of meme-stock veteran AMC Entertainment (AMC) and business software provider Verb Technology ","content":"<p>Shares of meme-stock veteran AMC Entertainment (<b>AMC</b>) and business software provider Verb Technology (<b>VERB</b>) rose on Thursday, while GameStop (<b>GME</b>) declined.</p><p><blockquote>模因股票老将AMC院线的股票(<b>AMC</b>)和商业软件提供商 Verb Technology(<b>动词</b>)周四上涨,而游戏驿站(<b>GME</b>)拒绝了。</blockquote></p><p> AMC, Leawood, Kan., the country’s largest owner of movie theaters and perhaps the second-most-popular meme stock, at last check traded at $34.80, up 4.1%.</p><p><blockquote>位于堪萨斯州利伍德的 AMC 是美国最大的电影院所有者,也可能是第二大最受欢迎的备忘录股票,截至最后一张支票,交易价格为 34.80 美元,上涨 4.1%。</blockquote></p><p> The granddaddy of meme stocks, the Grapevine, Texas, videogame retailer GameStop, recently traded at $166.96, off 0.4%.</p><p><blockquote>迷因股票的鼻祖、德克萨斯州葡萄藤视频游戏零售商游戏驿站最近的交易价格为 166.96 美元,下跌 0.4%。</blockquote></p><p> And Verb Technology, American Fork, Utah, recently traded at $2.99, up 20%. It has jumped 32% in the six months through Wednesday.</p><p><blockquote>犹他州美国福克的 Verb Technology 最近交易价格为 2.99 美元,上涨 20%。截至周三的六个月里,它已经上涨了 32%。</blockquote></p><p> Mediaco Holding MDIA, the Indianapolis radio station owner, traded at $7.29, down 9.3%.</p><p><blockquote>印第安纳波利斯广播电台所有者 Mediaco Holding MDIA 的交易价格为 7.29 美元,下跌 9.3%。</blockquote></p><p> James “Rev Shark” DePorre says in Real Moneythat the meme trading movement is hardly new and not nearly as efficient as the media have led average investors to believe.</p><p><blockquote>詹姆斯-德波尔(James “Rev Shark” DePorre)在《真实货币》(Real Money)中说,备忘录交易运动并不新鲜,也远没有媒体让普通投资者相信的那么有效。</blockquote></p><p> \"Learn how to pick your own stocks,” he says. “Social media trading is surprisingly uncreative in finding new stock ideas.\"</p><p><blockquote>“他说:”学会如何选择自己的股票。“社交媒体交易在寻找新的股票创意方面出人意料地缺乏创造力”。</blockquote></p><p> Further, \"The business media likes to portray meme trading as something new, but this sort of trading has been part of markets from their very beginning hundreds of years ago,” DePorre says.</p><p><blockquote>此外,“商业媒体喜欢把迷因交易描绘成新事物,但这种交易从几百年前一开始就已经是市场的一部分,”DePorre说。</blockquote></p><p> “There will also be groups that question the conventional wisdom of the professionals that control the market. It is no surprise at all that there are small traders with limited capital who have no interest in the idea that they should hold a diversified portfolio of stocks for the long term.\"</p><p><blockquote>“也会有一些团体质疑控制市场的专业人士的传统智慧。一些资金有限的小交易者对长期持有多元化股票投资组合的想法不感兴趣,这一点也不奇怪”。</blockquote></p><p> TheStreet.com Founder Jim Cramer also expressed caution this week. Meme stocks “away from AMC and GameStop appear to be crooked,” he said. They seem to be pump and dumps.”</p><p><blockquote>TheStreet.com创始人吉姆·克莱默本周也表达了谨慎态度。他说,“远离 AMC 和游戏驿站的 Meme 股票似乎是歪的”。他们好像是水泵和垃圾场。”</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>AMC and Verb Tech Rise, GameStop Slips Among Meme Stocks in Focus<blockquote>AMC 和 Verb Tech 上涨,游戏驿站下滑成为焦点模因股</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\">\nAMC and Verb Tech Rise, GameStop Slips Among Meme Stocks in Focus<blockquote>AMC 和 Verb Tech 上涨,游戏驿站下滑成为焦点模因股</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Thestreet</strong><span class=\"h-time small\">2021-07-15 23:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Shares of meme-stock veteran AMC Entertainment (<b>AMC</b>) and business software provider Verb Technology (<b>VERB</b>) rose on Thursday, while GameStop (<b>GME</b>) declined.</p><p><blockquote>模因股票老将AMC院线的股票(<b>AMC</b>)和商业软件提供商 Verb Technology(<b>动词</b>)周四上涨,而游戏驿站(<b>GME</b>)拒绝了。</blockquote></p><p> AMC, Leawood, Kan., the country’s largest owner of movie theaters and perhaps the second-most-popular meme stock, at last check traded at $34.80, up 4.1%.</p><p><blockquote>位于堪萨斯州利伍德的 AMC 是美国最大的电影院所有者,也可能是第二大最受欢迎的备忘录股票,截至最后一张支票,交易价格为 34.80 美元,上涨 4.1%。</blockquote></p><p> The granddaddy of meme stocks, the Grapevine, Texas, videogame retailer GameStop, recently traded at $166.96, off 0.4%.</p><p><blockquote>迷因股票的鼻祖、德克萨斯州葡萄藤视频游戏零售商游戏驿站最近的交易价格为 166.96 美元,下跌 0.4%。</blockquote></p><p> And Verb Technology, American Fork, Utah, recently traded at $2.99, up 20%. It has jumped 32% in the six months through Wednesday.</p><p><blockquote>犹他州美国福克的 Verb Technology 最近交易价格为 2.99 美元,上涨 20%。截至周三的六个月里,它已经上涨了 32%。</blockquote></p><p> Mediaco Holding MDIA, the Indianapolis radio station owner, traded at $7.29, down 9.3%.</p><p><blockquote>印第安纳波利斯广播电台所有者 Mediaco Holding MDIA 的交易价格为 7.29 美元,下跌 9.3%。</blockquote></p><p> James “Rev Shark” DePorre says in Real Moneythat the meme trading movement is hardly new and not nearly as efficient as the media have led average investors to believe.</p><p><blockquote>詹姆斯-德波尔(James “Rev Shark” DePorre)在《真实货币》(Real Money)中说,备忘录交易运动并不新鲜,也远没有媒体让普通投资者相信的那么有效。</blockquote></p><p> \"Learn how to pick your own stocks,” he says. “Social media trading is surprisingly uncreative in finding new stock ideas.\"</p><p><blockquote>“他说:”学会如何选择自己的股票。“社交媒体交易在寻找新的股票创意方面出人意料地缺乏创造力”。</blockquote></p><p> Further, \"The business media likes to portray meme trading as something new, but this sort of trading has been part of markets from their very beginning hundreds of years ago,” DePorre says.</p><p><blockquote>此外,“商业媒体喜欢把迷因交易描绘成新事物,但这种交易从几百年前一开始就已经是市场的一部分,”DePorre说。</blockquote></p><p> “There will also be groups that question the conventional wisdom of the professionals that control the market. It is no surprise at all that there are small traders with limited capital who have no interest in the idea that they should hold a diversified portfolio of stocks for the long term.\"</p><p><blockquote>“也会有一些团体质疑控制市场的专业人士的传统智慧。一些资金有限的小交易者对长期持有多元化股票投资组合的想法不感兴趣,这一点也不奇怪”。</blockquote></p><p> TheStreet.com Founder Jim Cramer also expressed caution this week. Meme stocks “away from AMC and GameStop appear to be crooked,” he said. They seem to be pump and dumps.”</p><p><blockquote>TheStreet.com创始人吉姆·克莱默本周也表达了谨慎态度。他说,“远离 AMC 和游戏驿站的 Meme 股票似乎是歪的”。他们好像是水泵和垃圾场。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.thestreet.com/investing/meme-stocks-amc-and-verb-tech-rise-gamestop-falls?puc=yahoo&cm_ven=YAHOO\">Thestreet</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":{"AMC":"AMC院线","GME":"游戏驿站"},"source_url":"https://www.thestreet.com/investing/meme-stocks-amc-and-verb-tech-rise-gamestop-falls?puc=yahoo&cm_ven=YAHOO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164987892","content_text":"Shares of meme-stock veteran AMC Entertainment (AMC) and business software provider Verb Technology (VERB) rose on Thursday, while GameStop (GME) declined.\nAMC, Leawood, Kan., the country’s largest owner of movie theaters and perhaps the second-most-popular meme stock, at last check traded at $34.80, up 4.1%.\nThe granddaddy of meme stocks, the Grapevine, Texas, videogame retailer GameStop, recently traded at $166.96, off 0.4%.\nAnd Verb Technology, American Fork, Utah, recently traded at $2.99, up 20%. It has jumped 32% in the six months through Wednesday.\nMediaco Holding MDIA, the Indianapolis radio station owner, traded at $7.29, down 9.3%.\nJames “Rev Shark” DePorre says in Real Moneythat the meme trading movement is hardly new and not nearly as efficient as the media have led average investors to believe.\n\"Learn how to pick your own stocks,” he says. “Social media trading is surprisingly uncreative in finding new stock ideas.\"\nFurther, \"The business media likes to portray meme trading as something new, but this sort of trading has been part of markets from their very beginning hundreds of years ago,” DePorre says.\n“There will also be groups that question the conventional wisdom of the professionals that control the market. It is no surprise at all that there are small traders with limited capital who have no interest in the idea that they should hold a diversified portfolio of stocks for the long term.\"\nTheStreet.com Founder Jim Cramer also expressed caution this week. Meme stocks “away from AMC and GameStop appear to be crooked,” he said. They seem to be pump and dumps.”","news_type":1,"symbols_score_info":{"GME":0.9,"VERB":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":1444,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112421777,"gmtCreate":1622905314799,"gmtModify":1634096969427,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574222119045289","idStr":"3574222119045289"},"themes":[],"title":"","htmlText":"NBC reporter confirms naked shorts are real, clip got deleted shortly after<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>No turning back all the way to the moon!!","listText":"NBC reporter confirms naked shorts are real, clip got deleted shortly after<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>No turning back all the way to the moon!!","text":"NBC reporter confirms naked shorts are real, clip got deleted shortly after$AMC Entertainment(AMC)$No turning back all the way to the moon!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/112421777","repostId":"1132937041","repostType":4,"repost":{"id":"1132937041","kind":"news","pubTimestamp":1622853341,"share":"https://www.laohunote.com/m/news/1132937041?lang=zh_CN&edition=full","pubTime":"2021-06-05 08:35","market":"us","language":"en","title":"AMC Stock Is Up 3,100%. Should You Buy or Sell?<blockquote>AMC 股价上涨 3,100%。你应该买还是卖?</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1132937041","media":"Barrons","summary":"Photo illustration by Chris Mihal / Dreamstime.com\nIn a market like this, popcorn can become a Buy s","content":"<p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3d95919779e01e359f19f34476e91d00\" tg-width=\"1260\" tg-height=\"840\"><span>Photo illustration by Chris Mihal / Dreamstime.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>照片插图:克里斯·米哈尔 / Dreamstime.com</span></p></blockquote></p><p> In a market like this, popcorn can become a Buy signal.</p><p><blockquote>在这样的市场中,爆米花可以成为买入信号。</blockquote></p><p> Shares of AMC Entertainment Holdings jumped more than 95% to an all-time high of $62.55 this past Wednesday after the movie-theater chain announced a new rewards program for shareholders that includes a free large popcorn. The next day, a plan to sell 11.55 million shares (which eventually sold at an average price of $50.85) sent AMC (ticker: AMC) tumbling.</p><p><blockquote>上周三,AMC院线控股公司宣布了一项新的股东奖励计划,其中包括一份免费的大爆米花,该公司的股价上涨了 95% 以上,达到 62.55 美元的历史新高。第二天,一项出售 1155 万股股票的计划(最终以 50.85 美元的平均价格出售)导致 AMC(股票代码:AMC)暴跌。</blockquote></p><p> Even with Thursday’s decline, the stock has soared 297% over the past nine trading sessions, and is up an eye-popping 2,160% for the year.</p><p><blockquote>即使周四下跌,该股在过去九个交易日中仍飙升了 297%,今年上涨了 2,160%,令人瞠目。</blockquote></p><p> After GameStop(GME) and BlackBerry(BB), there seems to be little stopping the latest hot meme stock,not even a warning from AMC itself: “Under the circumstances, we caution you against investing in our Class A common stock, unless you are prepared to incur the risk of losing all or a substantial portion of your investment,” the company said on Thursday in the filing to sell the shares.</p><p><blockquote>继游戏驿站(GME)和黑莓(BB)之后,似乎没有什么能阻止最新的热门备忘录股票,甚至连 AMC 本身也没有发出警告: “在这种情况下,我们提醒您不要投资我们的 A 类普通股,除非您准备好承担全部或大部分投资损失的风险,”该公司周四在出售股票的文件中表示。</blockquote></p><p> Earlier in the week, AMC sold 8.5 million shares to investment firm Mudrick Capital Management, which sold its stake at a profit that same day,Bloomberg reported. AMC called it a “very smart raising of cash so that we can grow this company.”</p><p><blockquote>据彭博社报道,本周早些时候,AMC 向投资公司 Mudrick Capital Management 出售了 850 万股股票,后者在同一天出售了其股份并获利。AMC 称这是 “非常明智的现金筹集,这样我们就可以发展公司”。</blockquote></p><p> More dilution could be coming. The company will ask shareholders to authorize the sale of an additional 25 million shares, starting in 2022, at its annual meeting next month.</p><p><blockquote>更多的稀释可能会到来。该公司将在下个月的年会上要求股东授权从 2022 年开始额外出售 2500 万股股票。</blockquote></p><p> Despite the unusual warning and the dilution, some users doubled down on their enthusiasm for the stock in online forums this past week, noting that GameStop experienced similar volatility during its January rise. That just confounds and outrages traditional investors.</p><p><blockquote>尽管发出了不同寻常的警告和稀释,但一些用户上周在在线论坛上加倍了对该股的热情,并指出游戏驿站在 1 月份上涨期间也经历了类似的波动。这只会让传统投资者感到困惑和愤怒。</blockquote></p><p> “The surge in shares of AMC Entertainment is yet another sign of the reckless meme-stock-driven investing landscape that we find ourselves in today,” David Trainer, CEO of investment research firm New Constructs, recently wrote. “Wall Street insiders are preying on the naiveté of retail meme-stock traders. There is no fundamental reason to be buying shares of AMC Entertainment.”</p><p><blockquote>“投资研究公司 New Constructs 的首席执行官大卫-特雷纳(David Trainer)最近写道:”AMC院线股价的飙升是我们今天所处的不计后果的迷因股票驱动的投资环境的又一个迹象。“华尔街内部人士正在利用零售迷因股票交易员的天真。没有基本的理由购买AMC院线的股票。</blockquote></p><p> Trying to identify a fundamental narrative that can justify AMC’s ascent is admittedly difficult. Still, it is an exercise that might provide some insights for investors.</p><p><blockquote>诚然,要找到一个能够证明 AMC 崛起合理性的基本说法是很困难的。尽管如此,这项工作可能会为投资者提供一些见解。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/62d362d944fe5c0a23bee485799d1195\" tg-width=\"956\" tg-height=\"637\"></p><p><blockquote></blockquote></p><p> With the recent share sale, AMC has an enterprise value of about $35 billion, almost six times what it was at the end of 2018, a record-breaking year at the U.S. box office. At that time, the enterprise value for the three largest publicly traded theater operators was about 1.6 times the total domestic box office. (Theater chains typically have a lot of debt, making enterprise value a better measure.)</p><p><blockquote>随着最近的股票出售,AMC的企业价值约为350亿美元,几乎是2018年底的六倍,2018年底是美国票房创纪录的一年。当时,三大上市影院运营商的企业价值约为国内总票房的1.6倍。(连锁影院通常有大量债务,因此企业价值是一个更好的衡量标准。)</blockquote></p><p> AMC’s enterprise value is now about 17 times the dreadful, pandemic-affected domestic box office haul of just $2.1 billion in 2020.</p><p><blockquote>AMC 目前的企业价值约为 2020 年受大流行病影响的国内票房 21 亿美元的 17 倍。</blockquote></p><p> Roughly two-thirds of sales typically come from tickets. The rest comes from soda and, yes, popcorn. The challenge for the industry is whether enough moviegoers return and spend as they did before, after a year of staying home and streaming.</p><p><blockquote>大约三分之二的销售额通常来自门票。其余的来自苏打水,是的,还有爆米花。该行业面临的挑战是,在呆在家里和流媒体一年后,是否有足够多的电影观众回来并像以前一样消费。</blockquote></p><p> The business might go through a period of consolidation, as it did earlier this century, when a shift to stadium seating pushed some operators into bankruptcy and mergers. Regal Cinemas, one of the large U.S. theater chains, filed for bankruptcy in 2001. Coming out of bankruptcy, Regal became a cash-generating machine—fewer movie-theater operators helped. And fewer now could usher in another era of higher returns on investment and better cash generation.</p><p><blockquote>该业务可能会经历一段整合时期,就像本世纪早些时候一样,当时向体育场座位的转变迫使一些运营商破产和合并。富豪影院是美国大型连锁影院之一,于2001年申请破产。摆脱破产后,富豪成了一台赚钱机器——越来越少的电影院运营商提供帮助。现在,越来越少的人可以迎来另一个更高的投资回报和更好的现金生成时代。</blockquote></p><p> Indeed, the hope is that AMC could be opportunistic in the postpandemic world, perhaps by making acquisitions. The recent gains in the stock have made that hope self-fulfilling, allowing the company to raise new capital—$1.25 billion through stock sales in this quarter alone.</p><p><blockquote>事实上,人们希望 AMC 能够在大流行后的世界中投机取巧,也许是通过收购。该股最近的上涨使这一希望得以实现,使该公司能够筹集新资本——仅本季度就通过股票销售筹集了 12.5 亿美元。</blockquote></p><p> “With our increased liquidity, an increasingly vaccinated population, and the imminent release of blockbuster new movie titles, it is time for AMC to go on the offense again,” CEO Adam Aron said this past Tuesday.</p><p><blockquote>“AMC 首席执行官亚当-阿伦(Adam Aron)在上周二表示:”随着我们流动性的增加、接种疫苗的人口越来越多,以及新大片的即将上映,是时候让 AMC 再次发起进攻了。</blockquote></p><p> If AMC can boost market share, and if U.S. box office sales return to 2018 levels, the company’s total sales might hit $9 billion—$6 billion from tickets and $3 billion from concessions. Sales in 2018 were $5.5 billion.</p><p><blockquote>如果 AMC 能够提高市场份额,如果美国票房恢复到 2018 年的水平,该公司的总销售额可能会达到 90 亿美元--60 亿美元来自门票,30 亿美元来自特许经营权。2018年销售额为55亿美元。</blockquote></p><p> Then, if profit margins improve with better industry scale, and if AMC’s investment in new theaters can drop as new capacity isn’t really needed, the company might be able to generate $600 million in free cash flow annually. That is about three times the cash-generating potential of prior, prepandemic years.</p><p><blockquote>然后,如果利润率随着行业规模的扩大而提高,如果 AMC 对新影院的投资可能会下降,因为并不真正需要新的产能,那么该公司每年可能会产生 6 亿美元的自由现金流。这大约是大流行前几年现金产生潜力的三倍。</blockquote></p><p></p><p> With $600 million in free cash flow, the stock’s free-cash-flow yield works out to about 2.4%, based on recent prices. That yield makes the stock look expensive, but not completely unreasonable. The S&P 500 index trades for about a 3.4% free-cash-flow yield; other consumer-discretionary stocks in the S&P trade at a free-cash-flow yield of about 3.1%.</p><p><blockquote>凭借 6 亿美元的自由现金流,根据最近的价格计算,该股的自由现金流收益率约为 2.4%。这个收益率让股票看起来很昂贵,但并非完全不合理。标普500指数的自由现金流收益率约为 3.4%;标准普尔指数中的其他非必需消费品股票的自由现金流收益率约为 3.1%。</blockquote></p><p> While that may offer a faint glimmer of hope for fundamental investors, there are problems with the $600 million free-cash-flow scenario. There are a lot of ifs and mights—and AMC has never generated cash flow like that in the past.</p><p><blockquote>虽然这可能会给基本面投资者带来一线希望,但 6 亿美元的自由现金流情景存在问题。有很多如果和可能——而 AMC 过去从未产生过这样的现金流。</blockquote></p><p> Consolidation in the industry is also no guarantee of success. AMC’s share of the market might rise, but there are still competitors: Regal Cinemas, now owned by Cineworld Group(CINE.UK), and Cinemark Holdings(CNK).</p><p><blockquote>行业整合也不能保证成功。AMC 的市场份额可能会上升,但仍有竞争对手: 富豪影院(Regal Cinemas,现归 Cineworld Group(CINE.UK)所有)和 Cinemark Holdings(CNK)所有。</blockquote></p><p> Neither one is trading like AMC: Cineworld stock is up 283% from its 52-week low, but is off 78% from all-time highs, while Cinemark shares are up 183% from their 52-week low, but down 51% from their all-time high. AMC stock, by comparison, is up 2,320% from its 52-week low.</p><p><blockquote>两家公司的交易都不像 AMC:Cineworld 股价较 52 周低点上涨 283%,但较历史高点下跌 78%,而 Cinemark 股价较 52 周低点上涨 183%,但较历史高点下跌 51%。相比之下,AMC 股价较 52 周低点上涨了 2,320%。</blockquote></p><p> And AMC and its peers also have to compete with streaming. Windows for exclusive theater showings are shrinking, and the pandemic has accelerated that.</p><p><blockquote>AMC 及其同行也必须与流媒体竞争。独家影院放映的窗口正在缩小,而疫情加速了这一进程。</blockquote></p><p> Wall Street doesn’t see the potential. Ten analysts cover the stock, and the average price target is $5.25. The highest is $18 a share. Before the pandemic, the average analyst price target was $15. There were fewer shares of AMC at the time. The old target prices implied an enterprise value of roughly $7 billion—a far cry from $35 billion.</p><p><blockquote>华尔街看不到潜力。十名分析师关注该股,平均目标价为 5.25 美元。最高为每股18美元。在大流行之前,分析师的平均目标价为 15 美元。当时AMC的股票较少。旧的目标价意味着企业价值约为 70 亿美元,与 350 亿美元相去甚远。</blockquote></p><p> Analysts do, however, have positive free cash flow projected for AMC in the future—about $13 million in 2022 and $90 million in 2023.</p><p><blockquote>然而,分析师确实预计 AMC 未来的自由现金流为正——2022 年约为 1300 万美元,2023 年约为 9000 万美元。</blockquote></p><p> At these levels, the fundamental case for AMC stock is, to put it mildly, a stretch. Yet overvaluation alone is never a good reason to sell a stock short, betting on a price decline. High numbers of shares shorted are typically an element in the meme-fueled rises. These days, the risk of short squeezes has become far larger than the potential gain from the market realizing that a stock is too expensive.</p><p><blockquote>在这些水平上,AMC 股票的基本面情况,说得委婉些,是一个拉伸。然而,仅仅估值过高从来都不是卖空股票、押注价格下跌的好理由。大量股票被做空通常是模因推动的上涨的一个因素。如今,空头挤压的风险已经远远大于市场意识到一只股票太贵所带来的潜在收益。</blockquote></p><p> In the end, investing and trading are different skills. Both can make people money. The important thing is not to confuse the two.</p><p><blockquote>说到底,投资和交易是不同的技能。两者都能让人赚钱。重要的是不要混淆两者。</blockquote></p><p> AMC investors may understand that. “I think that for most of the retail investors that you see buying quote-unquote meme stocks, it really is to prove a point,” says Natalie Camacho, a 27-year-old writer from California’s San Fernando Valley.</p><p><blockquote>AMC投资者可能理解这一点。“来自加利福尼亚州圣费尔南多谷的 27 岁作家娜塔莉-卡马乔(Natalie Camacho)说:”我认为,对于你看到的大多数散户投资者来说,这确实是为了证明一个观点。</blockquote></p><p> She says she bought 11 shares of AMC in January for $100 as the meme-stock wave began to build. She expected the company to benefit by the reopening from Covid-19.</p><p><blockquote>她说,随着模因股票浪潮开始兴起,她在 1 月份以 100 美元的价格购买了 11 股 AMC 股票。她预计该公司将受益于 Covid-19 的重新开放。</blockquote></p><p> Camacho says that she had felt as if the world of investing was closed to her, because she didn’t have $10,000 to put into stocks. On social media, the AMC trade has been portrayed as a battle of the little guys against the big Wall Street firms, which appeals to her.</p><p><blockquote>卡马乔说,她觉得投资的世界对她关闭了,因为她没有 1 万美元可以投资股票。在社交媒体上,AMC交易被描绘成小人物与华尔街大公司之间的斗争,这对她很有吸引力。</blockquote></p><p> “What draws me to it is that communal sense, that we’re all in this together,” she says. “There’s a sense that if we pool our money together, we might not be rich, but we’ll have enough to make a difference.”</p><p><blockquote>“她说:”吸引我的是这种集体感,我们都在一起。“有一种感觉,如果我们把钱集中在一起,我们可能不会变得富有,但我们会有足够的钱有所作为”。</blockquote></p><p> Regardless of how it plays out, she is betting with money she can afford to lose. As of Thursday morning, her $100 investment had grown to $460. “Maybe it’s a long-term bad idea, but for now we’re holding,” she says.</p><p><blockquote>不管结果如何,她都是在用自己输得起的钱下注。截至周四上午,她100美元的投资已经增加到460美元。“她说:”从长远来看,这可能是个坏主意,但目前我们还是坚持下去。</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>AMC Stock Is Up 3,100%. Should You Buy or Sell?<blockquote>AMC 股价上涨 3,100%。你应该买还是卖?</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\">\nAMC Stock Is Up 3,100%. Should You Buy or Sell?<blockquote>AMC 股价上涨 3,100%。你应该买还是卖?</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-06-05 08:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3d95919779e01e359f19f34476e91d00\" tg-width=\"1260\" tg-height=\"840\"><span>Photo illustration by Chris Mihal / Dreamstime.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>照片插图:克里斯·米哈尔 / Dreamstime.com</span></p></blockquote></p><p> In a market like this, popcorn can become a Buy signal.</p><p><blockquote>在这样的市场中,爆米花可以成为买入信号。</blockquote></p><p> Shares of AMC Entertainment Holdings jumped more than 95% to an all-time high of $62.55 this past Wednesday after the movie-theater chain announced a new rewards program for shareholders that includes a free large popcorn. The next day, a plan to sell 11.55 million shares (which eventually sold at an average price of $50.85) sent AMC (ticker: AMC) tumbling.</p><p><blockquote>上周三,AMC院线控股公司宣布了一项新的股东奖励计划,其中包括一份免费的大爆米花,该公司的股价上涨了 95% 以上,达到 62.55 美元的历史新高。第二天,一项出售 1155 万股股票的计划(最终以 50.85 美元的平均价格出售)导致 AMC(股票代码:AMC)暴跌。</blockquote></p><p> Even with Thursday’s decline, the stock has soared 297% over the past nine trading sessions, and is up an eye-popping 2,160% for the year.</p><p><blockquote>即使周四下跌,该股在过去九个交易日中仍飙升了 297%,今年上涨了 2,160%,令人瞠目。</blockquote></p><p> After GameStop(GME) and BlackBerry(BB), there seems to be little stopping the latest hot meme stock,not even a warning from AMC itself: “Under the circumstances, we caution you against investing in our Class A common stock, unless you are prepared to incur the risk of losing all or a substantial portion of your investment,” the company said on Thursday in the filing to sell the shares.</p><p><blockquote>继游戏驿站(GME)和黑莓(BB)之后,似乎没有什么能阻止最新的热门备忘录股票,甚至连 AMC 本身也没有发出警告: “在这种情况下,我们提醒您不要投资我们的 A 类普通股,除非您准备好承担全部或大部分投资损失的风险,”该公司周四在出售股票的文件中表示。</blockquote></p><p> Earlier in the week, AMC sold 8.5 million shares to investment firm Mudrick Capital Management, which sold its stake at a profit that same day,Bloomberg reported. AMC called it a “very smart raising of cash so that we can grow this company.”</p><p><blockquote>据彭博社报道,本周早些时候,AMC 向投资公司 Mudrick Capital Management 出售了 850 万股股票,后者在同一天出售了其股份并获利。AMC 称这是 “非常明智的现金筹集,这样我们就可以发展公司”。</blockquote></p><p> More dilution could be coming. The company will ask shareholders to authorize the sale of an additional 25 million shares, starting in 2022, at its annual meeting next month.</p><p><blockquote>更多的稀释可能会到来。该公司将在下个月的年会上要求股东授权从 2022 年开始额外出售 2500 万股股票。</blockquote></p><p> Despite the unusual warning and the dilution, some users doubled down on their enthusiasm for the stock in online forums this past week, noting that GameStop experienced similar volatility during its January rise. That just confounds and outrages traditional investors.</p><p><blockquote>尽管发出了不同寻常的警告和稀释,但一些用户上周在在线论坛上加倍了对该股的热情,并指出游戏驿站在 1 月份上涨期间也经历了类似的波动。这只会让传统投资者感到困惑和愤怒。</blockquote></p><p> “The surge in shares of AMC Entertainment is yet another sign of the reckless meme-stock-driven investing landscape that we find ourselves in today,” David Trainer, CEO of investment research firm New Constructs, recently wrote. “Wall Street insiders are preying on the naiveté of retail meme-stock traders. There is no fundamental reason to be buying shares of AMC Entertainment.”</p><p><blockquote>“投资研究公司 New Constructs 的首席执行官大卫-特雷纳(David Trainer)最近写道:”AMC院线股价的飙升是我们今天所处的不计后果的迷因股票驱动的投资环境的又一个迹象。“华尔街内部人士正在利用零售迷因股票交易员的天真。没有基本的理由购买AMC院线的股票。</blockquote></p><p> Trying to identify a fundamental narrative that can justify AMC’s ascent is admittedly difficult. Still, it is an exercise that might provide some insights for investors.</p><p><blockquote>诚然,要找到一个能够证明 AMC 崛起合理性的基本说法是很困难的。尽管如此,这项工作可能会为投资者提供一些见解。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/62d362d944fe5c0a23bee485799d1195\" tg-width=\"956\" tg-height=\"637\"></p><p><blockquote></blockquote></p><p> With the recent share sale, AMC has an enterprise value of about $35 billion, almost six times what it was at the end of 2018, a record-breaking year at the U.S. box office. At that time, the enterprise value for the three largest publicly traded theater operators was about 1.6 times the total domestic box office. (Theater chains typically have a lot of debt, making enterprise value a better measure.)</p><p><blockquote>随着最近的股票出售,AMC的企业价值约为350亿美元,几乎是2018年底的六倍,2018年底是美国票房创纪录的一年。当时,三大上市影院运营商的企业价值约为国内总票房的1.6倍。(连锁影院通常有大量债务,因此企业价值是一个更好的衡量标准。)</blockquote></p><p> AMC’s enterprise value is now about 17 times the dreadful, pandemic-affected domestic box office haul of just $2.1 billion in 2020.</p><p><blockquote>AMC 目前的企业价值约为 2020 年受大流行病影响的国内票房 21 亿美元的 17 倍。</blockquote></p><p> Roughly two-thirds of sales typically come from tickets. The rest comes from soda and, yes, popcorn. The challenge for the industry is whether enough moviegoers return and spend as they did before, after a year of staying home and streaming.</p><p><blockquote>大约三分之二的销售额通常来自门票。其余的来自苏打水,是的,还有爆米花。该行业面临的挑战是,在呆在家里和流媒体一年后,是否有足够多的电影观众回来并像以前一样消费。</blockquote></p><p> The business might go through a period of consolidation, as it did earlier this century, when a shift to stadium seating pushed some operators into bankruptcy and mergers. Regal Cinemas, one of the large U.S. theater chains, filed for bankruptcy in 2001. Coming out of bankruptcy, Regal became a cash-generating machine—fewer movie-theater operators helped. And fewer now could usher in another era of higher returns on investment and better cash generation.</p><p><blockquote>该业务可能会经历一段整合时期,就像本世纪早些时候一样,当时向体育场座位的转变迫使一些运营商破产和合并。富豪影院是美国大型连锁影院之一,于2001年申请破产。摆脱破产后,富豪成了一台赚钱机器——越来越少的电影院运营商提供帮助。现在,越来越少的人可以迎来另一个更高的投资回报和更好的现金生成时代。</blockquote></p><p> Indeed, the hope is that AMC could be opportunistic in the postpandemic world, perhaps by making acquisitions. The recent gains in the stock have made that hope self-fulfilling, allowing the company to raise new capital—$1.25 billion through stock sales in this quarter alone.</p><p><blockquote>事实上,人们希望 AMC 能够在大流行后的世界中投机取巧,也许是通过收购。该股最近的上涨使这一希望得以实现,使该公司能够筹集新资本——仅本季度就通过股票销售筹集了 12.5 亿美元。</blockquote></p><p> “With our increased liquidity, an increasingly vaccinated population, and the imminent release of blockbuster new movie titles, it is time for AMC to go on the offense again,” CEO Adam Aron said this past Tuesday.</p><p><blockquote>“AMC 首席执行官亚当-阿伦(Adam Aron)在上周二表示:”随着我们流动性的增加、接种疫苗的人口越来越多,以及新大片的即将上映,是时候让 AMC 再次发起进攻了。</blockquote></p><p> If AMC can boost market share, and if U.S. box office sales return to 2018 levels, the company’s total sales might hit $9 billion—$6 billion from tickets and $3 billion from concessions. Sales in 2018 were $5.5 billion.</p><p><blockquote>如果 AMC 能够提高市场份额,如果美国票房恢复到 2018 年的水平,该公司的总销售额可能会达到 90 亿美元--60 亿美元来自门票,30 亿美元来自特许经营权。2018年销售额为55亿美元。</blockquote></p><p> Then, if profit margins improve with better industry scale, and if AMC’s investment in new theaters can drop as new capacity isn’t really needed, the company might be able to generate $600 million in free cash flow annually. That is about three times the cash-generating potential of prior, prepandemic years.</p><p><blockquote>然后,如果利润率随着行业规模的扩大而提高,如果 AMC 对新影院的投资可能会下降,因为并不真正需要新的产能,那么该公司每年可能会产生 6 亿美元的自由现金流。这大约是大流行前几年现金产生潜力的三倍。</blockquote></p><p></p><p> With $600 million in free cash flow, the stock’s free-cash-flow yield works out to about 2.4%, based on recent prices. That yield makes the stock look expensive, but not completely unreasonable. The S&P 500 index trades for about a 3.4% free-cash-flow yield; other consumer-discretionary stocks in the S&P trade at a free-cash-flow yield of about 3.1%.</p><p><blockquote>凭借 6 亿美元的自由现金流,根据最近的价格计算,该股的自由现金流收益率约为 2.4%。这个收益率让股票看起来很昂贵,但并非完全不合理。标普500指数的自由现金流收益率约为 3.4%;标准普尔指数中的其他非必需消费品股票的自由现金流收益率约为 3.1%。</blockquote></p><p> While that may offer a faint glimmer of hope for fundamental investors, there are problems with the $600 million free-cash-flow scenario. There are a lot of ifs and mights—and AMC has never generated cash flow like that in the past.</p><p><blockquote>虽然这可能会给基本面投资者带来一线希望,但 6 亿美元的自由现金流情景存在问题。有很多如果和可能——而 AMC 过去从未产生过这样的现金流。</blockquote></p><p> Consolidation in the industry is also no guarantee of success. AMC’s share of the market might rise, but there are still competitors: Regal Cinemas, now owned by Cineworld Group(CINE.UK), and Cinemark Holdings(CNK).</p><p><blockquote>行业整合也不能保证成功。AMC 的市场份额可能会上升,但仍有竞争对手: 富豪影院(Regal Cinemas,现归 Cineworld Group(CINE.UK)所有)和 Cinemark Holdings(CNK)所有。</blockquote></p><p> Neither one is trading like AMC: Cineworld stock is up 283% from its 52-week low, but is off 78% from all-time highs, while Cinemark shares are up 183% from their 52-week low, but down 51% from their all-time high. AMC stock, by comparison, is up 2,320% from its 52-week low.</p><p><blockquote>两家公司的交易都不像 AMC:Cineworld 股价较 52 周低点上涨 283%,但较历史高点下跌 78%,而 Cinemark 股价较 52 周低点上涨 183%,但较历史高点下跌 51%。相比之下,AMC 股价较 52 周低点上涨了 2,320%。</blockquote></p><p> And AMC and its peers also have to compete with streaming. Windows for exclusive theater showings are shrinking, and the pandemic has accelerated that.</p><p><blockquote>AMC 及其同行也必须与流媒体竞争。独家影院放映的窗口正在缩小,而疫情加速了这一进程。</blockquote></p><p> Wall Street doesn’t see the potential. Ten analysts cover the stock, and the average price target is $5.25. The highest is $18 a share. Before the pandemic, the average analyst price target was $15. There were fewer shares of AMC at the time. The old target prices implied an enterprise value of roughly $7 billion—a far cry from $35 billion.</p><p><blockquote>华尔街看不到潜力。十名分析师关注该股,平均目标价为 5.25 美元。最高为每股18美元。在大流行之前,分析师的平均目标价为 15 美元。当时AMC的股票较少。旧的目标价意味着企业价值约为 70 亿美元,与 350 亿美元相去甚远。</blockquote></p><p> Analysts do, however, have positive free cash flow projected for AMC in the future—about $13 million in 2022 and $90 million in 2023.</p><p><blockquote>然而,分析师确实预计 AMC 未来的自由现金流为正——2022 年约为 1300 万美元,2023 年约为 9000 万美元。</blockquote></p><p> At these levels, the fundamental case for AMC stock is, to put it mildly, a stretch. Yet overvaluation alone is never a good reason to sell a stock short, betting on a price decline. High numbers of shares shorted are typically an element in the meme-fueled rises. These days, the risk of short squeezes has become far larger than the potential gain from the market realizing that a stock is too expensive.</p><p><blockquote>在这些水平上,AMC 股票的基本面情况,说得委婉些,是一个拉伸。然而,仅仅估值过高从来都不是卖空股票、押注价格下跌的好理由。大量股票被做空通常是模因推动的上涨的一个因素。如今,空头挤压的风险已经远远大于市场意识到一只股票太贵所带来的潜在收益。</blockquote></p><p> In the end, investing and trading are different skills. Both can make people money. The important thing is not to confuse the two.</p><p><blockquote>说到底,投资和交易是不同的技能。两者都能让人赚钱。重要的是不要混淆两者。</blockquote></p><p> AMC investors may understand that. “I think that for most of the retail investors that you see buying quote-unquote meme stocks, it really is to prove a point,” says Natalie Camacho, a 27-year-old writer from California’s San Fernando Valley.</p><p><blockquote>AMC投资者可能理解这一点。“来自加利福尼亚州圣费尔南多谷的 27 岁作家娜塔莉-卡马乔(Natalie Camacho)说:”我认为,对于你看到的大多数散户投资者来说,这确实是为了证明一个观点。</blockquote></p><p> She says she bought 11 shares of AMC in January for $100 as the meme-stock wave began to build. She expected the company to benefit by the reopening from Covid-19.</p><p><blockquote>她说,随着模因股票浪潮开始兴起,她在 1 月份以 100 美元的价格购买了 11 股 AMC 股票。她预计该公司将受益于 Covid-19 的重新开放。</blockquote></p><p> Camacho says that she had felt as if the world of investing was closed to her, because she didn’t have $10,000 to put into stocks. On social media, the AMC trade has been portrayed as a battle of the little guys against the big Wall Street firms, which appeals to her.</p><p><blockquote>卡马乔说,她觉得投资的世界对她关闭了,因为她没有 1 万美元可以投资股票。在社交媒体上,AMC交易被描绘成小人物与华尔街大公司之间的斗争,这对她很有吸引力。</blockquote></p><p> “What draws me to it is that communal sense, that we’re all in this together,” she says. “There’s a sense that if we pool our money together, we might not be rich, but we’ll have enough to make a difference.”</p><p><blockquote>“她说:”吸引我的是这种集体感,我们都在一起。“有一种感觉,如果我们把钱集中在一起,我们可能不会变得富有,但我们会有足够的钱有所作为”。</blockquote></p><p> Regardless of how it plays out, she is betting with money she can afford to lose. As of Thursday morning, her $100 investment had grown to $460. “Maybe it’s a long-term bad idea, but for now we’re holding,” she says.</p><p><blockquote>不管结果如何,她都是在用自己输得起的钱下注。截至周四上午,她100美元的投资已经增加到460美元。“她说:”从长远来看,这可能是个坏主意,但目前我们还是坚持下去。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.barrons.com/articles/buy-sell-amc-stock-51622844305?mod=hp_LEAD_1\">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":{"AMC":"AMC院线"},"source_url":"https://www.barrons.com/articles/buy-sell-amc-stock-51622844305?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132937041","content_text":"Photo illustration by Chris Mihal / Dreamstime.com\nIn a market like this, popcorn can become a Buy signal.\nShares of AMC Entertainment Holdings jumped more than 95% to an all-time high of $62.55 this past Wednesday after the movie-theater chain announced a new rewards program for shareholders that includes a free large popcorn. The next day, a plan to sell 11.55 million shares (which eventually sold at an average price of $50.85) sent AMC (ticker: AMC) tumbling.\nEven with Thursday’s decline, the stock has soared 297% over the past nine trading sessions, and is up an eye-popping 2,160% for the year.\nAfter GameStop(GME) and BlackBerry(BB), there seems to be little stopping the latest hot meme stock,not even a warning from AMC itself: “Under the circumstances, we caution you against investing in our Class A common stock, unless you are prepared to incur the risk of losing all or a substantial portion of your investment,” the company said on Thursday in the filing to sell the shares.\nEarlier in the week, AMC sold 8.5 million shares to investment firm Mudrick Capital Management, which sold its stake at a profit that same day,Bloomberg reported. AMC called it a “very smart raising of cash so that we can grow this company.”\nMore dilution could be coming. The company will ask shareholders to authorize the sale of an additional 25 million shares, starting in 2022, at its annual meeting next month.\nDespite the unusual warning and the dilution, some users doubled down on their enthusiasm for the stock in online forums this past week, noting that GameStop experienced similar volatility during its January rise. That just confounds and outrages traditional investors.\n“The surge in shares of AMC Entertainment is yet another sign of the reckless meme-stock-driven investing landscape that we find ourselves in today,” David Trainer, CEO of investment research firm New Constructs, recently wrote. “Wall Street insiders are preying on the naiveté of retail meme-stock traders. There is no fundamental reason to be buying shares of AMC Entertainment.”\nTrying to identify a fundamental narrative that can justify AMC’s ascent is admittedly difficult. Still, it is an exercise that might provide some insights for investors.\n\nWith the recent share sale, AMC has an enterprise value of about $35 billion, almost six times what it was at the end of 2018, a record-breaking year at the U.S. box office. At that time, the enterprise value for the three largest publicly traded theater operators was about 1.6 times the total domestic box office. (Theater chains typically have a lot of debt, making enterprise value a better measure.)\nAMC’s enterprise value is now about 17 times the dreadful, pandemic-affected domestic box office haul of just $2.1 billion in 2020.\nRoughly two-thirds of sales typically come from tickets. The rest comes from soda and, yes, popcorn. The challenge for the industry is whether enough moviegoers return and spend as they did before, after a year of staying home and streaming.\nThe business might go through a period of consolidation, as it did earlier this century, when a shift to stadium seating pushed some operators into bankruptcy and mergers. Regal Cinemas, one of the large U.S. theater chains, filed for bankruptcy in 2001. Coming out of bankruptcy, Regal became a cash-generating machine—fewer movie-theater operators helped. And fewer now could usher in another era of higher returns on investment and better cash generation.\nIndeed, the hope is that AMC could be opportunistic in the postpandemic world, perhaps by making acquisitions. The recent gains in the stock have made that hope self-fulfilling, allowing the company to raise new capital—$1.25 billion through stock sales in this quarter alone.\n“With our increased liquidity, an increasingly vaccinated population, and the imminent release of blockbuster new movie titles, it is time for AMC to go on the offense again,” CEO Adam Aron said this past Tuesday.\nIf AMC can boost market share, and if U.S. box office sales return to 2018 levels, the company’s total sales might hit $9 billion—$6 billion from tickets and $3 billion from concessions. Sales in 2018 were $5.5 billion.\nThen, if profit margins improve with better industry scale, and if AMC’s investment in new theaters can drop as new capacity isn’t really needed, the company might be able to generate $600 million in free cash flow annually. That is about three times the cash-generating potential of prior, prepandemic years.\nWith $600 million in free cash flow, the stock’s free-cash-flow yield works out to about 2.4%, based on recent prices. That yield makes the stock look expensive, but not completely unreasonable. The S&P 500 index trades for about a 3.4% free-cash-flow yield; other consumer-discretionary stocks in the S&P trade at a free-cash-flow yield of about 3.1%.\nWhile that may offer a faint glimmer of hope for fundamental investors, there are problems with the $600 million free-cash-flow scenario. There are a lot of ifs and mights—and AMC has never generated cash flow like that in the past.\nConsolidation in the industry is also no guarantee of success. AMC’s share of the market might rise, but there are still competitors: Regal Cinemas, now owned by Cineworld Group(CINE.UK), and Cinemark Holdings(CNK).\nNeither one is trading like AMC: Cineworld stock is up 283% from its 52-week low, but is off 78% from all-time highs, while Cinemark shares are up 183% from their 52-week low, but down 51% from their all-time high. AMC stock, by comparison, is up 2,320% from its 52-week low.\nAnd AMC and its peers also have to compete with streaming. Windows for exclusive theater showings are shrinking, and the pandemic has accelerated that.\nWall Street doesn’t see the potential. Ten analysts cover the stock, and the average price target is $5.25. The highest is $18 a share. Before the pandemic, the average analyst price target was $15. There were fewer shares of AMC at the time. The old target prices implied an enterprise value of roughly $7 billion—a far cry from $35 billion.\nAnalysts do, however, have positive free cash flow projected for AMC in the future—about $13 million in 2022 and $90 million in 2023.\nAt these levels, the fundamental case for AMC stock is, to put it mildly, a stretch. Yet overvaluation alone is never a good reason to sell a stock short, betting on a price decline. High numbers of shares shorted are typically an element in the meme-fueled rises. These days, the risk of short squeezes has become far larger than the potential gain from the market realizing that a stock is too expensive.\nIn the end, investing and trading are different skills. Both can make people money. The important thing is not to confuse the two.\nAMC investors may understand that. “I think that for most of the retail investors that you see buying quote-unquote meme stocks, it really is to prove a point,” says Natalie Camacho, a 27-year-old writer from California’s San Fernando Valley.\nShe says she bought 11 shares of AMC in January for $100 as the meme-stock wave began to build. She expected the company to benefit by the reopening from Covid-19.\nCamacho says that she had felt as if the world of investing was closed to her, because she didn’t have $10,000 to put into stocks. On social media, the AMC trade has been portrayed as a battle of the little guys against the big Wall Street firms, which appeals to her.\n“What draws me to it is that communal sense, that we’re all in this together,” she says. “There’s a sense that if we pool our money together, we might not be rich, but we’ll have enough to make a difference.”\nRegardless of how it plays out, she is betting with money she can afford to lose. As of Thursday morning, her $100 investment had grown to $460. “Maybe it’s a long-term bad idea, but for now we’re holding,” she says.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":1473,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802420699,"gmtCreate":1627797440111,"gmtModify":1631888041068,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574222119045289","idStr":"3574222119045289"},"themes":[],"title":"","htmlText":"Like n. Share!","listText":"Like n. Share!","text":"Like n. Share!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/802420699","repostId":"2155001152","repostType":4,"isVote":1,"tweetType":1,"viewCount":2295,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":809669960,"gmtCreate":1627366270150,"gmtModify":1631888041095,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574222119045289","idStr":"3574222119045289"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>Squeeze is coming its INEVITABLE!!!","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>Squeeze is coming its INEVITABLE!!!","text":"$AMC Entertainment(AMC)$Squeeze is coming its INEVITABLE!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/809669960","isVote":1,"tweetType":1,"viewCount":2810,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":157085784,"gmtCreate":1625554232848,"gmtModify":1633939702099,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574222119045289","idStr":"3574222119045289"},"themes":[],"title":"","htmlText":"Wrong!! Only <a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>Wil b the ONE THE MAKE IT TO THE MOON!!LIKE N SHARE!!","listText":"Wrong!! Only <a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>Wil b the ONE THE MAKE IT TO THE MOON!!LIKE N SHARE!!","text":"Wrong!! Only $AMC Entertainment(AMC)$Wil b the ONE THE MAKE IT TO THE MOON!!LIKE N SHARE!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/157085784","repostId":"2149033827","repostType":4,"isVote":1,"tweetType":1,"viewCount":916,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113836042,"gmtCreate":1622602035386,"gmtModify":1634100026606,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574222119045289","idStr":"3574222119045289"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>This is the one to make u rich! What u waiting for?!United we stand, YNWA, Planet of the APES, KINGKONG VS GODZILLA!","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>This is the one to make u rich! What u waiting for?!United we stand, YNWA, Planet of the APES, KINGKONG VS GODZILLA!","text":"$AMC Entertainment(AMC)$This is the one to make u rich! What u waiting for?!United we stand, YNWA, Planet of the APES, KINGKONG VS GODZILLA!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/113836042","isVote":1,"tweetType":1,"viewCount":934,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810566460,"gmtCreate":1629987072150,"gmtModify":1704954229987,"author":{"id":"3574222119045289","authorId":"3574222119045289","name":"Zack克明冲","avatar":"https://static.tigerbbs.com/87d4276781b63267606929e671232344","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574222119045289","idStr":"3574222119045289"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a> and <a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>like and share!!","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a> and <a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>like and share!!","text":"$AMC Entertainment(AMC)$ and $GameStop(GME)$like and share!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/810566460","repostId":"2162857097","repostType":4,"isVote":1,"tweetType":1,"viewCount":3165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}