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Jinyuan

Jinyuan

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2021-03-30

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Beware The 11 Most Overvalued Stocks Now, Analysts Warn<blockquote>分析师警告称，现在要小心11只最被高估的股票</blockquote>

2021-06-12

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2021-05-17

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2021-05-06

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2021-06-09

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S&P 500 closes little changed as "meme stocks" extend rally<blockquote>随着“模因股”延续涨势，标普500收盘变化不大</blockquote>

2021-06-07

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2021-05-10

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2021-04-21

No sense no pattern. Like and comment. Thanks!

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2021-06-02

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S&P 500 dips, as healthcare weighs; Dow ends higher<blockquote>随着医疗保健的压力，标普500下跌；道指收高</blockquote>

2021-05-30

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2021-03-27

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Zhihu Technology fall on its first day of trading<blockquote>知乎科技上市首日下跌</blockquote>

2021-05-20

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2021-04-29

Great news for me. Like and comment

Apple reports another blowout quarter with sales up 54%, authorizes $90 billion in share buybacks<blockquote>苹果报告又一个井喷季度销售额增长54%，授权900亿美元股票回购</blockquote>

2021-03-21

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2021-05-29

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2021-05-28

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Credit Suisse Cuts Ties With SoftBank After Greensill Crisis<blockquote>格林希尔危机后瑞士信贷切断与软银的联系</blockquote>

2021-05-21

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Forget Bitcoin - 5 Reasons To Buy Coinbase Instead<blockquote>忘记比特币——购买Coinbase的5个理由</blockquote>

2021-06-08

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2021-06-01

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2021-05-25

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Top estimates still find problem with the growth. Haiyoooo","listText":"This is evidence that \"whatever rocks your boat\" in the investing community. Top estimates still find problem with the growth. Haiyoooo","text":"This is evidence that \"whatever rocks your boat\" in the investing community. Top estimates still find problem with the growth. Haiyoooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875242456","repostId":"1116539537","repostType":4,"repost":{"id":"1116539537","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":1637658012,"share":"https://www.laohu8.com/m/news/1116539537?lang=zh_CN&edition=full","pubTime":"2021-11-23 17:00","market":"us","language":"en","title":"Zoom shares fell nearly 8% in premarket trading<blockquote>Zoom股价在盘前交易中下跌近8%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1116539537","media":"Tiger Newspress","summary":"Zoom shares fell nearly 8% in premarket trading.Zoom Video Communications Inc's third-quarter revenu","content":"<p>Zoom&nbsp;shares&nbsp;fell&nbsp;nearly&nbsp;8%&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/5aa290d34bdad161eb360bdb67b98b79\" tg-width=\"875\" tg-height=\"618\" referrerpolicy=\"no-referrer\">Zoom Video Communications Inc's&nbsp;third-quarter revenue growth rate slowed to 35% as demand for its video-conferencing tools eased from the pandemic-fueled heights last year.</p><p><blockquote>Zoom股价在盘前交易中下跌近8%。由于对其视频会议工具的需求从去年大流行推动的高点有所放缓，Zoom Video通信公司第三季度收入增长率放缓至35%。</blockquote></p><p> Investment bankers and analysts have warned that Zoom faces several hurdles in sustaining growth after its $14.7 billion bid to buy call center software firm Five9 Inc(FIVN.O)fell through.</p><p><blockquote>投资银行家和分析师警告称，Zoom在以147亿美元收购看涨期权中心软件公司Five9 Inc(FIVN.O)失败后，在维持增长方面面临几个障碍。</blockquote></p><p> Still, Zoom reported an adjusted profit of $1.11 per share, beating Wall Street's estimates $1.09 per share, according to Refinitiv data.</p><p><blockquote>尽管如此，根据Refinitiv的数据，Zoom公布的调整后利润为每股1.11美元，超过了华尔街预期的每股1.09美元。</blockquote></p><p> The company also forecast current-quarter revenue and earnings above expectations, and raised its full-year revenue estimate to around $4.08 billion from about $4.01 billion earlier.</p><p><blockquote>该公司还预测本季度营收和盈利高于预期，并将全年营收预期从此前的约40.1亿美元上调至约40.8亿美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zoom shares fell nearly 8% in premarket trading<blockquote>Zoom股价在盘前交易中下跌近8%</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\">\nZoom shares fell nearly 8% in premarket trading<blockquote>Zoom股价在盘前交易中下跌近8%</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\">2021-11-23 17:00</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Zoom&nbsp;shares&nbsp;fell&nbsp;nearly&nbsp;8%&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/5aa290d34bdad161eb360bdb67b98b79\" tg-width=\"875\" tg-height=\"618\" referrerpolicy=\"no-referrer\">Zoom Video Communications Inc's&nbsp;third-quarter revenue growth rate slowed to 35% as demand for its video-conferencing tools eased from the pandemic-fueled heights last year.</p><p><blockquote>Zoom股价在盘前交易中下跌近8%。由于对其视频会议工具的需求从去年大流行推动的高点有所放缓，Zoom Video通信公司第三季度收入增长率放缓至35%。</blockquote></p><p> Investment bankers and analysts have warned that Zoom faces several hurdles in sustaining growth after its $14.7 billion bid to buy call center software firm Five9 Inc(FIVN.O)fell through.</p><p><blockquote>投资银行家和分析师警告称，Zoom在以147亿美元收购看涨期权中心软件公司Five9 Inc(FIVN.O)失败后，在维持增长方面面临几个障碍。</blockquote></p><p> Still, Zoom reported an adjusted profit of $1.11 per share, beating Wall Street's estimates $1.09 per share, according to Refinitiv data.</p><p><blockquote>尽管如此，根据Refinitiv的数据，Zoom公布的调整后利润为每股1.11美元，超过了华尔街预期的每股1.09美元。</blockquote></p><p> The company also forecast current-quarter revenue and earnings above expectations, and raised its full-year revenue estimate to around $4.08 billion from about $4.01 billion earlier.</p><p><blockquote>该公司还预测本季度营收和盈利高于预期，并将全年营收预期从此前的约40.1亿美元上调至约40.8亿美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116539537","content_text":"Zoom shares fell nearly 8% in premarket trading.Zoom Video Communications Inc's third-quarter revenue growth rate slowed to 35% as demand for its video-conferencing tools eased from the pandemic-fueled heights last year.\nInvestment bankers and analysts have warned that Zoom faces several hurdles in sustaining growth after its $14.7 billion bid to buy call center software firm Five9 Inc(FIVN.O)fell through.\nStill, Zoom reported an adjusted profit of $1.11 per share, beating Wall Street's estimates $1.09 per share, according to Refinitiv data.\nThe company also forecast current-quarter revenue and earnings above expectations, and raised its full-year revenue estimate to around $4.08 billion from about $4.01 billion earlier.","news_type":1,"symbols_score_info":{"ZM":0.9}},"isVote":1,"tweetType":1,"viewCount":3124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848493160,"gmtCreate":1636017126179,"gmtModify":1636017126583,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574286103228100","idStr":"3574286103228100"},"themes":[],"htmlText":"To be honest, why are we benchmarking against analysts' estimates? I mean their revenue increased and that's good news. And with no debt, it's even better. Sighh","listText":"To be honest, why are we benchmarking against analysts' estimates? I mean their revenue increased and that's good news. And with no debt, it's even better. Sighh","text":"To be honest, why are we benchmarking against analysts' estimates? I mean their revenue increased and that's good news. And with no debt, it's even better. Sighh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848493160","repostId":"1198972066","repostType":2,"repost":{"id":"1198972066","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":1636013705,"share":"https://www.laohu8.com/m/news/1198972066?lang=zh_CN&edition=full","pubTime":"2021-11-04 16:15","market":"us","language":"en","title":"Skillz stock fell more than 10% in premarket trading<blockquote>Skillz股价在盘前交易中下跌超过10%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1198972066","media":"Tiger Newspress","summary":"Skillz stock fell more than 10% in premarket trading after reporting Q3 results missed estimate.Skillz reported quarterly losses of $ per share which missed the analyst consensus estimate of $ by 14.29 percent. This is a 14.29 percent decrease over losses of $ per share from the same period last year. The company reported quarterly sales of $102.07 million which missed the analyst consensus estimate of $102.31 million by 0.23 percent. This is a 70.25 percent increase over sales of $59.95 million","content":"<p>Skillz stock fell more than 10% in premarket trading&nbsp;after&nbsp;reporting&nbsp;Q3 results&nbsp;missed estimate.</p><p><blockquote>Skillz公布第三季度业绩未达预期后，股价在盘前交易中下跌超过10%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f4afff75a232fac4a76ac89995bc0832\" tg-width=\"848\" tg-height=\"621\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Skillz&nbsp;reported quarterly losses of $(0.16) per share which missed the analyst consensus estimate of $(0.14) by 14.29 percent. This is a 14.29 percent decrease over losses of $(0.14) per share from the same period last year. The company reported quarterly sales of $102.07 million which missed the analyst consensus estimate of $102.31 million by 0.23 percent. This is a 70.25 percent increase over sales of $59.95 million the same period last year.</p><p><blockquote>Skillz报告季度亏损为每股(0.16)美元，比分析师普遍预期的(0.14)美元低14.29%。与去年同期每股亏损(0.14)美元相比，减少了14.29%。该公司公布的季度销售额为1.0207亿美元，比分析师普遍预期的1.0231亿美元低0.23%。这比去年同期5995万美元的销售额增长了70.25%。</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>Skillz stock fell more than 10% in premarket trading<blockquote>Skillz股价在盘前交易中下跌超过10%</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\">\nSkillz stock fell more than 10% in premarket trading<blockquote>Skillz股价在盘前交易中下跌超过10%</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\">2021-11-04 16:15</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Skillz stock fell more than 10% in premarket trading&nbsp;after&nbsp;reporting&nbsp;Q3 results&nbsp;missed estimate.</p><p><blockquote>Skillz公布第三季度业绩未达预期后，股价在盘前交易中下跌超过10%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f4afff75a232fac4a76ac89995bc0832\" tg-width=\"848\" tg-height=\"621\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Skillz&nbsp;reported quarterly losses of $(0.16) per share which missed the analyst consensus estimate of $(0.14) by 14.29 percent. This is a 14.29 percent decrease over losses of $(0.14) per share from the same period last year. The company reported quarterly sales of $102.07 million which missed the analyst consensus estimate of $102.31 million by 0.23 percent. This is a 70.25 percent increase over sales of $59.95 million the same period last year.</p><p><blockquote>Skillz报告季度亏损为每股(0.16)美元，比分析师普遍预期的(0.14)美元低14.29%。与去年同期每股亏损(0.14)美元相比，减少了14.29%。该公司公布的季度销售额为1.0207亿美元，比分析师普遍预期的1.0231亿美元低0.23%。这比去年同期5995万美元的销售额增长了70.25%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SKLZ":"Skillz Inc"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198972066","content_text":"Skillz stock fell more than 10% in premarket trading after reporting Q3 results missed estimate.\n\nSkillz reported quarterly losses of $(0.16) per share which missed the analyst consensus estimate of $(0.14) by 14.29 percent. This is a 14.29 percent decrease over losses of $(0.14) per share from the same period last year. The company reported quarterly sales of $102.07 million which missed the analyst consensus estimate of $102.31 million by 0.23 percent. This is a 70.25 percent increase over sales of $59.95 million the same period last year.","news_type":1,"symbols_score_info":{"SKLZ":0.9}},"isVote":1,"tweetType":1,"viewCount":3425,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":895580911,"gmtCreate":1628756503433,"gmtModify":1631885869558,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574286103228100","idStr":"3574286103228100"},"themes":[],"htmlText":"The market is too sensitive to bad news.","listText":"The market is too sensitive to bad news.","text":"The market is too sensitive to bad news.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/895580911","repostId":"2158352792","repostType":2,"isVote":1,"tweetType":1,"viewCount":1658,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890379702,"gmtCreate":1628085203806,"gmtModify":1631885869570,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574286103228100","idStr":"3574286103228100"},"themes":[],"htmlText":"Why nasdaq tank after this release?","listText":"Why nasdaq tank after this release?","text":"Why nasdaq tank after this release?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/890379702","repostId":"1195317570","repostType":4,"isVote":1,"tweetType":1,"viewCount":1629,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890347353,"gmtCreate":1628085087572,"gmtModify":1631884319849,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574286103228100","idStr":"3574286103228100"},"themes":[],"htmlText":"Hope so","listText":"Hope so","text":"Hope so","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/890347353","repostId":"1187165636","repostType":4,"isVote":1,"tweetType":1,"viewCount":2367,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804631334,"gmtCreate":1627953033428,"gmtModify":1631885869585,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574286103228100","idStr":"3574286103228100"},"themes":[],"htmlText":"Before sleep, see small gain. Sleep, wake up, lose money. 😔 😔 😔","listText":"Before sleep, see small gain. Sleep, wake up, lose money. 😔 😔 😔","text":"Before sleep, see small gain. Sleep, wake up, lose money. 😔 😔 😔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/804631334","repostId":"2156114224","repostType":4,"isVote":1,"tweetType":1,"viewCount":2118,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174747420,"gmtCreate":1627148687160,"gmtModify":1631884320662,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574286103228100","idStr":"3574286103228100"},"themes":[],"htmlText":"Hope it will rally all parts especially EV too","listText":"Hope it will rally all parts especially EV too","text":"Hope it will rally all parts especially EV too","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/174747420","repostId":"1181195967","repostType":4,"isVote":1,"tweetType":1,"viewCount":1399,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175422327,"gmtCreate":1627047466469,"gmtModify":1631885869596,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574286103228100","idStr":"3574286103228100"},"themes":[],"htmlText":"I am seeing sea of red again -.-","listText":"I am seeing sea of red again -.-","text":"I am seeing sea of red again -.-","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/175422327","repostId":"1155094371","repostType":4,"isVote":1,"tweetType":1,"viewCount":1571,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176805093,"gmtCreate":1626874983512,"gmtModify":1631885869609,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574286103228100","idStr":"3574286103228100"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/176805093","repostId":"1107219983","repostType":4,"isVote":1,"tweetType":1,"viewCount":2867,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171062266,"gmtCreate":1626697093555,"gmtModify":1631885869624,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574286103228100","idStr":"3574286103228100"},"themes":[],"htmlText":"Crashing yet again","listText":"Crashing yet again","text":"Crashing yet again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/171062266","repostId":"1135910714","repostType":4,"repost":{"id":"1135910714","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":1626692784,"share":"https://www.laohu8.com/m/news/1135910714?lang=zh_CN&edition=full","pubTime":"2021-07-19 19:06","market":"us","language":"en","title":"Toplines Before US Market Open on Monday<blockquote>周一美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1135910714","media":"Tiger Newspress","summary":"The morning sell-off in stock futures is accelerating.\nPershing Square Tontine Holdings, Tesla Motor","content":"<p><ul>  <li>The morning sell-off in stock futures is accelerating.</li>  <li>Pershing Square Tontine Holdings, Tesla Motor, XPeng Inc. made the biggest moves in premarket trading.</li>  <li>Oil extended losses, with WTI crude futures tumbling 3.8% to below $70/barrel after yesterday's OPEC+ deal which many saw as bullish but not CTAs which this morning are engaged in wholesale liquidation.</li> </ul> (July&nbsp;19)&nbsp;U.S. stock futures, oil prices and government bond yields slid, amid anxiety that the spread of the Delta coronavirus variant would hold back the global economy.</p><p><blockquote><ul><li>股指期货早盘抛售加速。</li><li>潘兴广场Tontine Holdings、特斯拉汽车、小鹏汽车在盘前交易中涨幅最大。</li><li>石油扩大跌幅，WTI原油期货下跌3.8%，至70美元/桶以下，此前昨天的欧佩克+协议被许多人视为看涨，但CTA今天上午正在进行批发清算。</li></ul>（七月十九日）美国。由于担心德尔塔新冠病毒变异毒株蔓延将拖累全球经济，股票期货、油价和政府债券收益率下滑。</blockquote></p><p> At 8:09 a.m. ET,Futures for the S&amp;P 500 fell 1.11%, signaling opening losses for the broad stock-market gauge after itsnapped a three-week winning streak Friday. Contracts for the Dow Jones Industrial Average dropped 1.35%. Futures on the technology-focused <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a>-100 fell 0.89%.</p><p><blockquote>美国东部时间上午8:09，标普500期货下跌1.11%，标志着股市大盘在周五连续三周上涨后开盘下跌。道琼斯工业平均指数合约下跌1.35%。以技术为中心的未来<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>-100跌0.89%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/78212dd3d7e6d2af95d4495fa43cf583\" tg-width=\"1242\" tg-height=\"499\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Surging cases of the coronavirusin many parts of the world, including highly-vaccinated countries such as the U.K., have prompted investors to dial down their expectations of economic growth in the coming months. Some also are concerned that a steep rise in prices will pinch consumption and prompt central banks to withdraw stimulus, creating an environment of lower growth and higher inflation in which stocks tend to struggle.</p><p><blockquote>世界许多地区的冠状病毒病例激增，包括英国等疫苗接种率高的国家，促使投资者降低了对未来几个月经济增长的预期。一些人还担心，物价大幅上涨将抑制消费，并促使央行撤回刺激措施，从而创造一个增长放缓、通胀上升的环境，股市往往会陷入困境。</blockquote></p><p> “What you’re seeing is a sense that the consumer is starting to be affected quite significantly” by the jump in prices, said Sebastien Galy, senior macro strategist at Nordea Asset Management.</p><p><blockquote>北欧资产管理公司高级宏观策略师塞巴斯蒂安·加利表示，“你看到的是，消费者开始受到价格上涨的重大影响”。</blockquote></p><p> Business reopenings, rising vaccination rates and government pandemic aid have helped propel rapid gains in consumer spending—the economy’s main driver. But surveys show that inflation, which accelerated to a 13-year high in the U.S. in June, is starting toknock consumers’ confidencein their ability to keep spending, Mr. Galy said.</p><p><blockquote>商业重新开业、疫苗接种率上升和政府的流行病援助帮助推动了消费者支出的快速增长——经济的主要驱动力。但加利表示，调查显示，美国6月份通胀加速至13年来的新高，开始打击消费者对其继续支出能力的信心。</blockquote></p><p> Airlines and oil-and-gas companies were among the worst performers ahead of the bell in <a href=\"https://laohu8.com/S/NWY\">New York</a>.<a href=\"https://laohu8.com/S/OXY\">Occidental</a> Petroleumlost 4.1%, <a href=\"https://laohu8.com/S/COP\">ConocoPhillips</a> 3.6%,<a href=\"https://laohu8.com/S/AAL\">American Airlines</a> Group2.3% and $Delta <a href=\"https://laohu8.com/S/AIRI\">Air</a> Lines(DAL)$ 2.2%.</p><p><blockquote>航空公司和石油天然气公司是收盘前表现最差的公司之一<a href=\"https://laohu8.com/S/NWY\">纽约</a>.<a href=\"https://laohu8.com/S/OXY\">西方</a>石油损失4.1%，<a href=\"https://laohu8.com/S/COP\">康菲</a>3.6%,<a href=\"https://laohu8.com/S/AAL\">美国航空公司</a>集团2.3%和$Delta<a href=\"https://laohu8.com/S/AIRI\">空气</a>线(DAL)$2.2%。</blockquote></p><p> One bright spot wasFive9,which jumped 8.3% on news thatZoom Video Communicationsplans to buy the provider of cloud-based customer-service software in a deal valuing the firm at $14.7 billion. <a href=\"https://laohu8.com/S/ZM\">Zoom</a> shares slipped 2% in premarket trading.</p><p><blockquote>Five9是一个亮点，有消息称Zoom Video Communications计划收购这家基于云的客户服务软件提供商，该公司估值为147亿美元，该公司股价上涨8.3%。<a href=\"https://laohu8.com/S/ZM\">Zoom</a>股价在盘前交易中下跌2%。</blockquote></p><p> Worries about the economic effects of the virus were evident in a broad retreat in global markets. The regional Stoxx Europe 600 slid 1.9%, led lower by shares of economically sensitive travel, leisure and commodities companies.</p><p><blockquote>对病毒经济影响的担忧在全球市场的广泛回落中显而易见。欧洲斯托克600指数下跌1.9%，对经济敏感的旅游、休闲和大宗商品公司的股价领跌。</blockquote></p><p> Potential beneficiaries of a prolonged pandemic including food-delivery companiesHelloFresh,Deliverooand <a href=\"https://laohu8.com/S/JE\">Just</a> Eat Takeaway.com ticked higher.</p><p><blockquote>长期大流行的潜在受益者包括食品配送公司HelloFresh、Deliveroo和<a href=\"https://laohu8.com/S/JE\">刚刚</a>Eat Takeaway.com走高。</blockquote></p><p> Among other stocks, Paris-listedVivendifell 1.2%. <a href=\"https://laohu8.com/S/PGLC\">Pershing</a> <a href=\"https://laohu8.com/S/SQ\">Square</a> Tontine, a blank-check company led by hedge-fund manager Bill Ackman, said it had dropped plans topurchase a 10% stakein <a href=\"https://laohu8.com/S/UVV\">Universal</a> Music Group. Mr. Ackman’s <a href=\"https://laohu8.com/S/PGLC\">Pershing</a> <a href=\"https://laohu8.com/S/SQ\">Square</a> said it would take a large stake in <a href=\"https://laohu8.com/S/UVV\">Universal</a>, which is majority owned by Vivendi, instead.</p><p><blockquote>其他股票中，巴黎上市公司Vivendi下跌1.2%。<a href=\"https://laohu8.com/S/PGLC\">潘兴</a><a href=\"https://laohu8.com/S/SQ\">平方</a>由对冲基金经理比尔·阿克曼(Bill Ackman)领导的空白支票公司Tontine表示，已放弃购买10%股份的计划<a href=\"https://laohu8.com/S/UVV\">普遍的</a>音乐团体。阿克曼先生的<a href=\"https://laohu8.com/S/PGLC\">潘兴</a><a href=\"https://laohu8.com/S/SQ\">平方</a>表示将持有大量股份<a href=\"https://laohu8.com/S/UVV\">普遍的</a>相反，维旺迪拥有多数股权。</blockquote></p><p> Italian luxury fashion house Ermenegildo Zegna will go public on the <a href=\"https://laohu8.com/S/NYRT\">New York</a> Stock Exchange later this year as part of a tie-up agreement with special-purpose acquisition corporation Investindustrial Acquisition. Shares of the SPAC, whose chairman is former UBS CEO Sergio Ermotti, edged down before the bell in <a href=\"https://laohu8.com/S/NGD\">New</a> York.</p><p><blockquote>意大利奢侈时装公司Ermenegildo Zegna将于<a href=\"https://laohu8.com/S/NYRT\">纽约</a>作为与特殊目的收购公司Investindustrial Acquisition合作协议的一部分，今年晚些时候在证券交易所上市。SPAC的董事长是瑞银前首席执行官塞尔吉奥·埃尔莫蒂(Sergio Ermotti)，其股价在盘前小幅下跌<a href=\"https://laohu8.com/S/NGD\">新的</a>约克。</blockquote></p><p> <b>Stocks making the biggest moves premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> <b><a href=\"https://laohu8.com/S/PSTH.U\">Pershing Square Tontine Holdings</a>:&nbsp;</b>Billionaire investor William Ackman’s <a href=\"https://laohu8.com/S/PSTH\">Pershing Square Tontine Holdings</a> has dropped a deal to buy 10% of Vivendi’s Universal Music Group (UMG), the label that is home to musicians such as Taylor Swift.</p><p><blockquote><b><a href=\"https://laohu8.com/S/PSTH.U\">潘兴广场通天控股</a>: </b>亿万富翁投资者威廉·阿克曼的<a href=\"https://laohu8.com/S/PSTH\">潘兴广场通天控股</a>放弃了收购维旺迪环球音乐集团(UMG)10%股份的交易，该公司是泰勒·斯威夫特(Taylor Swift)等音乐家的大本营。</blockquote></p><p></p><p> <b><a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> :&nbsp;</b>On Saturday, Elon Musk's Tesla Inc launched its Full Self-Driving (FSD) subscription for its driver-assistance software package for $199 per month, Reuters reports. Tesla offered the Full Self-Driving package for a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-time payment of $10,000. The FSD feature would cost $99 a month for those who previously bought the Enhanced Autopilot package. According to Tesla, vehicle owners can cancel their monthly FSD subscription at any time. Tesla fell 2.28% in the premarket&nbsp;trading.</p><p><blockquote><b><a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>: </b>据路透社报道，周六，Elon Musk旗下的特斯拉公司推出了其驾驶员辅助软件包的全自动驾驶(FSD)订阅，每月价格为199美元。特斯拉提供全自动驾驶套件<a href=\"https://laohu8.com/S/AONE.U\">一</a>-10,000美元的定期付款。对于那些之前购买了增强型Autopilot套件的人来说，FSD功能每月的费用为99美元。据特斯拉称，车主可以随时取消每月的FSD订阅。特斯拉盘前交易中下跌2.28%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e2886cd35d2ac9d0ed7cf4d9056c678a\" tg-width=\"642\" tg-height=\"460\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b><a href=\"https://laohu8.com/S/XPEV\">XPeng Inc.</a>:&nbsp;</b>Xpeng Undercuts Tesla With P5 Sedan Priced Starting $24.7K, EV Maker Reports High Demand As It Begins Taking Pre-Order.Xpeng fell 2.13% in the premarket&nbsp;trading.</p><p><blockquote><b><a href=\"https://laohu8.com/S/XPEV\">小鹏汽车</a>: </b>小鹏汽车P5轿车起价为2.47万美元，低于特斯拉，电动汽车制造商报告称，随着开始接受预订，需求很高。小鹏汽车在盘前交易中下跌2.13%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bbc962c414c77edbe87597c447261cac\" tg-width=\"642\" tg-height=\"460\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b><a href=\"https://laohu8.com/S/JNJ\">Johnson &amp; Johnson</a>: </b>Johnson &amp; Johnson (JNJ.N) is exploring a plan to offload liabilities from widespread Baby Powder litigation into a newly created business that would then seek bankruptcy protection, according to seven people familiar with the matter.J&amp;J faces legal actions from tens of thousands of plaintiffs alleging its Baby Powder and other talc products contained asbestos and caused cancer. The plaintiffs include women suffering from ovarian cancer and others battling mesothelioma.</p><p><blockquote><b><a href=\"https://laohu8.com/S/JNJ\">强生公司</a>：</b>强生公司（JNJ。据七位知情人士透露，N）正在探索一项计划，将广泛的婴儿爽身粉诉讼的责任转移到一家新成立的企业中，然后该企业将寻求破产保护。强生面临数万名原告的法律诉讼指控其婴儿爽身粉和其他滑石粉产品含有石棉并导致癌症。原告包括患有卵巢癌的女性和其他与间皮瘤作斗争的女性。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ea35138cf94432dfdcd08c1528620d42\" tg-width=\"642\" tg-height=\"460\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> In Asia, technology giants <a href=\"https://laohu8.com/S/BABA\">Alibaba</a> and Tencent weighed on Hong Kong’s Hang Seng Index, which had lost 1.8% by the close of trading. The losses came after the Biden administration on Friday warned <a href=\"https://laohu8.com/S/AFG\">American</a> companies about the increasingrisks of operating in the financial hub.</p><p><blockquote>在亚洲，科技巨头<a href=\"https://laohu8.com/S/BABA\">阿里巴巴-SW</a>腾讯控股令香港恒生指数承压，截至收盘，香港股市已下跌1.8%。这些损失是在拜登政府周五警告之后发生的<a href=\"https://laohu8.com/S/AFG\">美国的</a>公司担心在金融中心运营的风险不断增加。</blockquote></p><p> Japan’s Nikkei 225 dropped 1.3%. More athletes and staff members attending theTokyo Olympics have tested positive, while cases are surging in Indonesia. Sydney, Australia’s most populous city, is under lockdown because of a delta outbreak.</p><p><blockquote>日本日经225指数下跌1.3%。越来越多参加东京奥运会的运动员和工作人员检测呈阳性，而印度尼西亚的病例也在激增。澳大利亚人口最多的城市悉尼因三角洲疫情而处于封锁状态。</blockquote></p><p> David Chao, a market strategist at <a href=\"https://laohu8.com/S/IVZ\">Invesco</a>, said the spread of the delta variant across Asia, coupled with low vaccination rates and expectations of additional social-distancing measures, has “taken wind out of the sail for many investors expecting an economic rebound” in the region.</p><p><blockquote>David Chao，市场策略师<a href=\"https://laohu8.com/S/IVZ\">景顺</a>表示，德尔塔变异毒株在亚洲的蔓延，加上疫苗接种率低以及对额外社交距离措施的预期，“让许多期待该地区经济反弹的投资者失去了动力”。</blockquote></p><p> Mr. Chao said he expected investors to continue to pull funds out of Asian stocks and shift them to shares in developed markets with high inoculation rates, such as the U.S. and U.K.</p><p><blockquote>赵先生表示，他预计投资者将继续将资金从亚洲股市撤出，转向美国和英国等接种率高的发达市场的股票。</blockquote></p><p> <b>In FX, </b>the pound slumped to a three-month low and the FTSE 100 tumbled 1.9% after the U.K. lifted remaining virus curbs in England even as virus cases increased the most in the world, signaling the challenge nations face to fully reopen their economies. Australia’s dollar dropped to a seven-month low after state governments tightened and extended lockdown measures to contain the latest outbreak. The yen strengthened versus all of its Group-of-10 peers. Investors are seeking protection in currency options; data from the Depository Trust &amp; Clearing Corporation show that volumes are running 10% higher than recent averages overall, with demand for Aussie and yuan exposure running at almost double the averages while the pound is almost at triple.</p><p><blockquote><b>在FX中，</b>尽管病毒病例增幅居全球之首，但英国取消了英格兰剩余的病毒限制措施，英镑跌至三个月低点，富时100指数下跌1.9%，这表明各国在全面重新开放经济方面面临挑战。在州政府收紧并延长封锁措施以遏制最新疫情后，澳元跌至七个月低点。日元兑所有10国集团货币走强。投资者正在寻求货币期权的保护；存管信托与清算公司的数据显示，交易量总体上比近期平均水平高出10%，对澳元和人民币敞口的需求几乎是平均水平的两倍，而英镑几乎是平均水平的三倍。</blockquote></p><p> <b>Oil extended losses, </b>with WTI crude futures tumbling 3.8% to below $70/barrel after yesterday's OPEC+ deal which many saw as bullish but not CTAs which this morning are engaged in wholesale liquidation.</p><p><blockquote><b>石油扩大损失，</b>在昨天的OPEC+协议之后，WTI原油期货下跌3.8%，至70美元/桶以下，许多人认为这是看涨的，但CTA今天上午正在进行批发清算。</blockquote></p><p> Gold, a perceived safe haven asset, was also down sliding to just above $1,800. On Sunday OPEC and its allies struck a deal that allows for monthly supply hikes of 400k b/d, putting the group back in control of the crude market. Oil refiners in Asia stayed on the sidelines awaiting price cuts after the OPEC+ deal.</p><p><blockquote>被视为避险资产的黄金也下跌至略高于1,800美元。周日，石油输出国组织及其盟友达成协议，允许每月增加40万桶/日的供应量，使该组织重新控制原油市场。欧佩克+达成协议后，亚洲炼油商观望等待降价。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Monday<blockquote>周一美国市场开盘前的顶线</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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\">\nToplines Before US Market Open on Monday<blockquote>周一美国市场开盘前的顶线</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-07-19 19:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><ul>  <li>The morning sell-off in stock futures is accelerating.</li>  <li>Pershing Square Tontine Holdings, Tesla Motor, XPeng Inc. made the biggest moves in premarket trading.</li>  <li>Oil extended losses, with WTI crude futures tumbling 3.8% to below $70/barrel after yesterday's OPEC+ deal which many saw as bullish but not CTAs which this morning are engaged in wholesale liquidation.</li> </ul> (July&nbsp;19)&nbsp;U.S. stock futures, oil prices and government bond yields slid, amid anxiety that the spread of the Delta coronavirus variant would hold back the global economy.</p><p><blockquote><ul><li>股指期货早盘抛售加速。</li><li>潘兴广场Tontine Holdings、特斯拉汽车、小鹏汽车在盘前交易中涨幅最大。</li><li>石油扩大跌幅，WTI原油期货下跌3.8%，至70美元/桶以下，此前昨天的欧佩克+协议被许多人视为看涨，但CTA今天上午正在进行批发清算。</li></ul>（七月十九日）美国。由于担心德尔塔新冠病毒变异毒株蔓延将拖累全球经济，股票期货、油价和政府债券收益率下滑。</blockquote></p><p> At 8:09 a.m. ET,Futures for the S&amp;P 500 fell 1.11%, signaling opening losses for the broad stock-market gauge after itsnapped a three-week winning streak Friday. Contracts for the Dow Jones Industrial Average dropped 1.35%. Futures on the technology-focused <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a>-100 fell 0.89%.</p><p><blockquote>美国东部时间上午8:09，标普500期货下跌1.11%，标志着股市大盘在周五连续三周上涨后开盘下跌。道琼斯工业平均指数合约下跌1.35%。以技术为中心的未来<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>-100跌0.89%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/78212dd3d7e6d2af95d4495fa43cf583\" tg-width=\"1242\" tg-height=\"499\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Surging cases of the coronavirusin many parts of the world, including highly-vaccinated countries such as the U.K., have prompted investors to dial down their expectations of economic growth in the coming months. Some also are concerned that a steep rise in prices will pinch consumption and prompt central banks to withdraw stimulus, creating an environment of lower growth and higher inflation in which stocks tend to struggle.</p><p><blockquote>世界许多地区的冠状病毒病例激增，包括英国等疫苗接种率高的国家，促使投资者降低了对未来几个月经济增长的预期。一些人还担心，物价大幅上涨将抑制消费，并促使央行撤回刺激措施，从而创造一个增长放缓、通胀上升的环境，股市往往会陷入困境。</blockquote></p><p> “What you’re seeing is a sense that the consumer is starting to be affected quite significantly” by the jump in prices, said Sebastien Galy, senior macro strategist at Nordea Asset Management.</p><p><blockquote>北欧资产管理公司高级宏观策略师塞巴斯蒂安·加利表示，“你看到的是，消费者开始受到价格上涨的重大影响”。</blockquote></p><p> Business reopenings, rising vaccination rates and government pandemic aid have helped propel rapid gains in consumer spending—the economy’s main driver. But surveys show that inflation, which accelerated to a 13-year high in the U.S. in June, is starting toknock consumers’ confidencein their ability to keep spending, Mr. Galy said.</p><p><blockquote>商业重新开业、疫苗接种率上升和政府的流行病援助帮助推动了消费者支出的快速增长——经济的主要驱动力。但加利表示，调查显示，美国6月份通胀加速至13年来的新高，开始打击消费者对其继续支出能力的信心。</blockquote></p><p> Airlines and oil-and-gas companies were among the worst performers ahead of the bell in <a href=\"https://laohu8.com/S/NWY\">New York</a>.<a href=\"https://laohu8.com/S/OXY\">Occidental</a> Petroleumlost 4.1%, <a href=\"https://laohu8.com/S/COP\">ConocoPhillips</a> 3.6%,<a href=\"https://laohu8.com/S/AAL\">American Airlines</a> Group2.3% and $Delta <a href=\"https://laohu8.com/S/AIRI\">Air</a> Lines(DAL)$ 2.2%.</p><p><blockquote>航空公司和石油天然气公司是收盘前表现最差的公司之一<a href=\"https://laohu8.com/S/NWY\">纽约</a>.<a href=\"https://laohu8.com/S/OXY\">西方</a>石油损失4.1%，<a href=\"https://laohu8.com/S/COP\">康菲</a>3.6%,<a href=\"https://laohu8.com/S/AAL\">美国航空公司</a>集团2.3%和$Delta<a href=\"https://laohu8.com/S/AIRI\">空气</a>线(DAL)$2.2%。</blockquote></p><p> One bright spot wasFive9,which jumped 8.3% on news thatZoom Video Communicationsplans to buy the provider of cloud-based customer-service software in a deal valuing the firm at $14.7 billion. <a href=\"https://laohu8.com/S/ZM\">Zoom</a> shares slipped 2% in premarket trading.</p><p><blockquote>Five9是一个亮点，有消息称Zoom Video Communications计划收购这家基于云的客户服务软件提供商，该公司估值为147亿美元，该公司股价上涨8.3%。<a href=\"https://laohu8.com/S/ZM\">Zoom</a>股价在盘前交易中下跌2%。</blockquote></p><p> Worries about the economic effects of the virus were evident in a broad retreat in global markets. The regional Stoxx Europe 600 slid 1.9%, led lower by shares of economically sensitive travel, leisure and commodities companies.</p><p><blockquote>对病毒经济影响的担忧在全球市场的广泛回落中显而易见。欧洲斯托克600指数下跌1.9%，对经济敏感的旅游、休闲和大宗商品公司的股价领跌。</blockquote></p><p> Potential beneficiaries of a prolonged pandemic including food-delivery companiesHelloFresh,Deliverooand <a href=\"https://laohu8.com/S/JE\">Just</a> Eat Takeaway.com ticked higher.</p><p><blockquote>长期大流行的潜在受益者包括食品配送公司HelloFresh、Deliveroo和<a href=\"https://laohu8.com/S/JE\">刚刚</a>Eat Takeaway.com走高。</blockquote></p><p> Among other stocks, Paris-listedVivendifell 1.2%. <a href=\"https://laohu8.com/S/PGLC\">Pershing</a> <a href=\"https://laohu8.com/S/SQ\">Square</a> Tontine, a blank-check company led by hedge-fund manager Bill Ackman, said it had dropped plans topurchase a 10% stakein <a href=\"https://laohu8.com/S/UVV\">Universal</a> Music Group. Mr. Ackman’s <a href=\"https://laohu8.com/S/PGLC\">Pershing</a> <a href=\"https://laohu8.com/S/SQ\">Square</a> said it would take a large stake in <a href=\"https://laohu8.com/S/UVV\">Universal</a>, which is majority owned by Vivendi, instead.</p><p><blockquote>其他股票中，巴黎上市公司Vivendi下跌1.2%。<a href=\"https://laohu8.com/S/PGLC\">潘兴</a><a href=\"https://laohu8.com/S/SQ\">平方</a>由对冲基金经理比尔·阿克曼(Bill Ackman)领导的空白支票公司Tontine表示，已放弃购买10%股份的计划<a href=\"https://laohu8.com/S/UVV\">普遍的</a>音乐团体。阿克曼先生的<a href=\"https://laohu8.com/S/PGLC\">潘兴</a><a href=\"https://laohu8.com/S/SQ\">平方</a>表示将持有大量股份<a href=\"https://laohu8.com/S/UVV\">普遍的</a>相反，维旺迪拥有多数股权。</blockquote></p><p> Italian luxury fashion house Ermenegildo Zegna will go public on the <a href=\"https://laohu8.com/S/NYRT\">New York</a> Stock Exchange later this year as part of a tie-up agreement with special-purpose acquisition corporation Investindustrial Acquisition. Shares of the SPAC, whose chairman is former UBS CEO Sergio Ermotti, edged down before the bell in <a href=\"https://laohu8.com/S/NGD\">New</a> York.</p><p><blockquote>意大利奢侈时装公司Ermenegildo Zegna将于<a href=\"https://laohu8.com/S/NYRT\">纽约</a>作为与特殊目的收购公司Investindustrial Acquisition合作协议的一部分，今年晚些时候在证券交易所上市。SPAC的董事长是瑞银前首席执行官塞尔吉奥·埃尔莫蒂(Sergio Ermotti)，其股价在盘前小幅下跌<a href=\"https://laohu8.com/S/NGD\">新的</a>约克。</blockquote></p><p> <b>Stocks making the biggest moves premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> <b><a href=\"https://laohu8.com/S/PSTH.U\">Pershing Square Tontine Holdings</a>:&nbsp;</b>Billionaire investor William Ackman’s <a href=\"https://laohu8.com/S/PSTH\">Pershing Square Tontine Holdings</a> has dropped a deal to buy 10% of Vivendi’s Universal Music Group (UMG), the label that is home to musicians such as Taylor Swift.</p><p><blockquote><b><a href=\"https://laohu8.com/S/PSTH.U\">潘兴广场通天控股</a>: </b>亿万富翁投资者威廉·阿克曼的<a href=\"https://laohu8.com/S/PSTH\">潘兴广场通天控股</a>放弃了收购维旺迪环球音乐集团(UMG)10%股份的交易，该公司是泰勒·斯威夫特(Taylor Swift)等音乐家的大本营。</blockquote></p><p></p><p> <b><a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> :&nbsp;</b>On Saturday, Elon Musk's Tesla Inc launched its Full Self-Driving (FSD) subscription for its driver-assistance software package for $199 per month, Reuters reports. Tesla offered the Full Self-Driving package for a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-time payment of $10,000. The FSD feature would cost $99 a month for those who previously bought the Enhanced Autopilot package. According to Tesla, vehicle owners can cancel their monthly FSD subscription at any time. Tesla fell 2.28% in the premarket&nbsp;trading.</p><p><blockquote><b><a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>: </b>据路透社报道，周六，Elon Musk旗下的特斯拉公司推出了其驾驶员辅助软件包的全自动驾驶(FSD)订阅，每月价格为199美元。特斯拉提供全自动驾驶套件<a href=\"https://laohu8.com/S/AONE.U\">一</a>-10,000美元的定期付款。对于那些之前购买了增强型Autopilot套件的人来说，FSD功能每月的费用为99美元。据特斯拉称，车主可以随时取消每月的FSD订阅。特斯拉盘前交易中下跌2.28%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e2886cd35d2ac9d0ed7cf4d9056c678a\" tg-width=\"642\" tg-height=\"460\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b><a href=\"https://laohu8.com/S/XPEV\">XPeng Inc.</a>:&nbsp;</b>Xpeng Undercuts Tesla With P5 Sedan Priced Starting $24.7K, EV Maker Reports High Demand As It Begins Taking Pre-Order.Xpeng fell 2.13% in the premarket&nbsp;trading.</p><p><blockquote><b><a href=\"https://laohu8.com/S/XPEV\">小鹏汽车</a>: </b>小鹏汽车P5轿车起价为2.47万美元，低于特斯拉，电动汽车制造商报告称，随着开始接受预订，需求很高。小鹏汽车在盘前交易中下跌2.13%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bbc962c414c77edbe87597c447261cac\" tg-width=\"642\" tg-height=\"460\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b><a href=\"https://laohu8.com/S/JNJ\">Johnson &amp; Johnson</a>: </b>Johnson &amp; Johnson (JNJ.N) is exploring a plan to offload liabilities from widespread Baby Powder litigation into a newly created business that would then seek bankruptcy protection, according to seven people familiar with the matter.J&amp;J faces legal actions from tens of thousands of plaintiffs alleging its Baby Powder and other talc products contained asbestos and caused cancer. The plaintiffs include women suffering from ovarian cancer and others battling mesothelioma.</p><p><blockquote><b><a href=\"https://laohu8.com/S/JNJ\">强生公司</a>：</b>强生公司（JNJ。据七位知情人士透露，N）正在探索一项计划，将广泛的婴儿爽身粉诉讼的责任转移到一家新成立的企业中，然后该企业将寻求破产保护。强生面临数万名原告的法律诉讼指控其婴儿爽身粉和其他滑石粉产品含有石棉并导致癌症。原告包括患有卵巢癌的女性和其他与间皮瘤作斗争的女性。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ea35138cf94432dfdcd08c1528620d42\" tg-width=\"642\" tg-height=\"460\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> In Asia, technology giants <a href=\"https://laohu8.com/S/BABA\">Alibaba</a> and Tencent weighed on Hong Kong’s Hang Seng Index, which had lost 1.8% by the close of trading. The losses came after the Biden administration on Friday warned <a href=\"https://laohu8.com/S/AFG\">American</a> companies about the increasingrisks of operating in the financial hub.</p><p><blockquote>在亚洲，科技巨头<a href=\"https://laohu8.com/S/BABA\">阿里巴巴-SW</a>腾讯控股令香港恒生指数承压，截至收盘，香港股市已下跌1.8%。这些损失是在拜登政府周五警告之后发生的<a href=\"https://laohu8.com/S/AFG\">美国的</a>公司担心在金融中心运营的风险不断增加。</blockquote></p><p> Japan’s Nikkei 225 dropped 1.3%. More athletes and staff members attending theTokyo Olympics have tested positive, while cases are surging in Indonesia. Sydney, Australia’s most populous city, is under lockdown because of a delta outbreak.</p><p><blockquote>日本日经225指数下跌1.3%。越来越多参加东京奥运会的运动员和工作人员检测呈阳性，而印度尼西亚的病例也在激增。澳大利亚人口最多的城市悉尼因三角洲疫情而处于封锁状态。</blockquote></p><p> David Chao, a market strategist at <a href=\"https://laohu8.com/S/IVZ\">Invesco</a>, said the spread of the delta variant across Asia, coupled with low vaccination rates and expectations of additional social-distancing measures, has “taken wind out of the sail for many investors expecting an economic rebound” in the region.</p><p><blockquote>David Chao，市场策略师<a href=\"https://laohu8.com/S/IVZ\">景顺</a>表示，德尔塔变异毒株在亚洲的蔓延，加上疫苗接种率低以及对额外社交距离措施的预期，“让许多期待该地区经济反弹的投资者失去了动力”。</blockquote></p><p> Mr. Chao said he expected investors to continue to pull funds out of Asian stocks and shift them to shares in developed markets with high inoculation rates, such as the U.S. and U.K.</p><p><blockquote>赵先生表示，他预计投资者将继续将资金从亚洲股市撤出，转向美国和英国等接种率高的发达市场的股票。</blockquote></p><p> <b>In FX, </b>the pound slumped to a three-month low and the FTSE 100 tumbled 1.9% after the U.K. lifted remaining virus curbs in England even as virus cases increased the most in the world, signaling the challenge nations face to fully reopen their economies. Australia’s dollar dropped to a seven-month low after state governments tightened and extended lockdown measures to contain the latest outbreak. The yen strengthened versus all of its Group-of-10 peers. Investors are seeking protection in currency options; data from the Depository Trust &amp; Clearing Corporation show that volumes are running 10% higher than recent averages overall, with demand for Aussie and yuan exposure running at almost double the averages while the pound is almost at triple.</p><p><blockquote><b>在FX中，</b>尽管病毒病例增幅居全球之首，但英国取消了英格兰剩余的病毒限制措施，英镑跌至三个月低点，富时100指数下跌1.9%，这表明各国在全面重新开放经济方面面临挑战。在州政府收紧并延长封锁措施以遏制最新疫情后，澳元跌至七个月低点。日元兑所有10国集团货币走强。投资者正在寻求货币期权的保护；存管信托与清算公司的数据显示，交易量总体上比近期平均水平高出10%，对澳元和人民币敞口的需求几乎是平均水平的两倍，而英镑几乎是平均水平的三倍。</blockquote></p><p> <b>Oil extended losses, </b>with WTI crude futures tumbling 3.8% to below $70/barrel after yesterday's OPEC+ deal which many saw as bullish but not CTAs which this morning are engaged in wholesale liquidation.</p><p><blockquote><b>石油扩大损失，</b>在昨天的OPEC+协议之后，WTI原油期货下跌3.8%，至70美元/桶以下，许多人认为这是看涨的，但CTA今天上午正在进行批发清算。</blockquote></p><p> Gold, a perceived safe haven asset, was also down sliding to just above $1,800. On Sunday OPEC and its allies struck a deal that allows for monthly supply hikes of 400k b/d, putting the group back in control of the crude market. Oil refiners in Asia stayed on the sidelines awaiting price cuts after the OPEC+ deal.</p><p><blockquote>被视为避险资产的黄金也下跌至略高于1,800美元。周日，石油输出国组织及其盟友达成协议，允许每月增加40万桶/日的供应量，使该组织重新控制原油市场。欧佩克+达成协议后，亚洲炼油商观望等待降价。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135910714","content_text":"The morning sell-off in stock futures is accelerating.\nPershing Square Tontine Holdings, Tesla Motor, XPeng Inc. made the biggest moves in premarket trading.\nOil extended losses, with WTI crude futures tumbling 3.8% to below $70/barrel after yesterday's OPEC+ deal which many saw as bullish but not CTAs which this morning are engaged in wholesale liquidation.\n\n(July 19) U.S. stock futures, oil prices and government bond yields slid, amid anxiety that the spread of the Delta coronavirus variant would hold back the global economy.\nAt 8:09 a.m. ET,Futures for the S&P 500 fell 1.11%, signaling opening losses for the broad stock-market gauge after itsnapped a three-week winning streak Friday. Contracts for the Dow Jones Industrial Average dropped 1.35%. Futures on the technology-focused Nasdaq-100 fell 0.89%.\n\nSurging cases of the coronavirusin many parts of the world, including highly-vaccinated countries such as the U.K., have prompted investors to dial down their expectations of economic growth in the coming months. Some also are concerned that a steep rise in prices will pinch consumption and prompt central banks to withdraw stimulus, creating an environment of lower growth and higher inflation in which stocks tend to struggle.\n“What you’re seeing is a sense that the consumer is starting to be affected quite significantly” by the jump in prices, said Sebastien Galy, senior macro strategist at Nordea Asset Management.\nBusiness reopenings, rising vaccination rates and government pandemic aid have helped propel rapid gains in consumer spending—the economy’s main driver. But surveys show that inflation, which accelerated to a 13-year high in the U.S. in June, is starting toknock consumers’ confidencein their ability to keep spending, Mr. Galy said.\nAirlines and oil-and-gas companies were among the worst performers ahead of the bell in New York.Occidental Petroleumlost 4.1%, ConocoPhillips 3.6%,American Airlines Group2.3% and $Delta Air Lines(DAL)$ 2.2%.\nOne bright spot wasFive9,which jumped 8.3% on news thatZoom Video Communicationsplans to buy the provider of cloud-based customer-service software in a deal valuing the firm at $14.7 billion. Zoom shares slipped 2% in premarket trading.\nWorries about the economic effects of the virus were evident in a broad retreat in global markets. The regional Stoxx Europe 600 slid 1.9%, led lower by shares of economically sensitive travel, leisure and commodities companies.\nPotential beneficiaries of a prolonged pandemic including food-delivery companiesHelloFresh,Deliverooand Just Eat Takeaway.com ticked higher.\nAmong other stocks, Paris-listedVivendifell 1.2%. Pershing Square Tontine, a blank-check company led by hedge-fund manager Bill Ackman, said it had dropped plans topurchase a 10% stakein Universal Music Group. Mr. Ackman’s Pershing Square said it would take a large stake in Universal, which is majority owned by Vivendi, instead.\nItalian luxury fashion house Ermenegildo Zegna will go public on the New York Stock Exchange later this year as part of a tie-up agreement with special-purpose acquisition corporation Investindustrial Acquisition. Shares of the SPAC, whose chairman is former UBS CEO Sergio Ermotti, edged down before the bell in New York.\nStocks making the biggest moves premarket:\nPershing Square Tontine Holdings: Billionaire investor William Ackman’s Pershing Square Tontine Holdings has dropped a deal to buy 10% of Vivendi’s Universal Music Group (UMG), the label that is home to musicians such as Taylor Swift.\nTesla Motors : On Saturday, Elon Musk's Tesla Inc launched its Full Self-Driving (FSD) subscription for its driver-assistance software package for $199 per month, Reuters reports. Tesla offered the Full Self-Driving package for a one-time payment of $10,000. The FSD feature would cost $99 a month for those who previously bought the Enhanced Autopilot package. According to Tesla, vehicle owners can cancel their monthly FSD subscription at any time. Tesla fell 2.28% in the premarket trading.\n\nXPeng Inc.: Xpeng Undercuts Tesla With P5 Sedan Priced Starting $24.7K, EV Maker Reports High Demand As It Begins Taking Pre-Order.Xpeng fell 2.13% in the premarket trading.\n\nJohnson & Johnson: Johnson & Johnson (JNJ.N) is exploring a plan to offload liabilities from widespread Baby Powder litigation into a newly created business that would then seek bankruptcy protection, according to seven people familiar with the matter.J&J faces legal actions from tens of thousands of plaintiffs alleging its Baby Powder and other talc products contained asbestos and caused cancer. The plaintiffs include women suffering from ovarian cancer and others battling mesothelioma.\n\nIn Asia, technology giants Alibaba and Tencent weighed on Hong Kong’s Hang Seng Index, which had lost 1.8% by the close of trading. The losses came after the Biden administration on Friday warned American companies about the increasingrisks of operating in the financial hub.\nJapan’s Nikkei 225 dropped 1.3%. More athletes and staff members attending theTokyo Olympics have tested positive, while cases are surging in Indonesia. Sydney, Australia’s most populous city, is under lockdown because of a delta outbreak.\nDavid Chao, a market strategist at Invesco, said the spread of the delta variant across Asia, coupled with low vaccination rates and expectations of additional social-distancing measures, has “taken wind out of the sail for many investors expecting an economic rebound” in the region.\nMr. Chao said he expected investors to continue to pull funds out of Asian stocks and shift them to shares in developed markets with high inoculation rates, such as the U.S. and U.K.\nIn FX, the pound slumped to a three-month low and the FTSE 100 tumbled 1.9% after the U.K. lifted remaining virus curbs in England even as virus cases increased the most in the world, signaling the challenge nations face to fully reopen their economies. Australia’s dollar dropped to a seven-month low after state governments tightened and extended lockdown measures to contain the latest outbreak. The yen strengthened versus all of its Group-of-10 peers. Investors are seeking protection in currency options; data from the Depository Trust & Clearing Corporation show that volumes are running 10% higher than recent averages overall, with demand for Aussie and yuan exposure running at almost double the averages while the pound is almost at triple.\nOil extended losses, with WTI crude futures tumbling 3.8% to below $70/barrel after yesterday's OPEC+ deal which many saw as bullish but not CTAs which this morning are engaged in wholesale liquidation.\nGold, a perceived safe haven asset, was also down sliding to just above $1,800. On Sunday OPEC and its allies struck a deal that allows for monthly supply hikes of 400k b/d, putting the group back in control of the crude market. Oil refiners in Asia stayed on the sidelines awaiting price cuts after the OPEC+ deal.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,"SPY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2540,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147596328,"gmtCreate":1626362346164,"gmtModify":1631885869635,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574286103228100","idStr":"3574286103228100"},"themes":[],"htmlText":"The stock market is volatile because they are expecting for interest rate increases but getting string along by the feds.Its similar to if you are dating a person who has no interest in getting together with you but wants the attention.&nbsp;The stock market gonna be volatile. So either act now to stem the inflation or be prepared for market volatility","listText":"The stock market is volatile because they are expecting for interest rate increases but getting string along by the feds.Its similar to if you are dating a person who has no interest in getting together with you but wants the attention.&nbsp;The stock market gonna be volatile. So either act now to stem the inflation or be prepared for market volatility","text":"The stock market is volatile because they are expecting for interest rate increases but getting string along by the feds.Its similar to if you are dating a person who has no interest in getting together with you but wants the attention. The stock market gonna be volatile. So either act now to stem the inflation or be prepared for market volatility","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/147596328","repostId":"1109408846","repostType":4,"isVote":1,"tweetType":1,"viewCount":574,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149409450,"gmtCreate":1625739991870,"gmtModify":1631885869647,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574286103228100","idStr":"3574286103228100"},"themes":[],"htmlText":"Minutes were from last month's meeting. Last month, the stock market was affected. Release of minutes also affect.haiyoooo","listText":"Minutes were from last month's meeting. Last month, the stock market was affected. Release of minutes also affect.haiyoooo","text":"Minutes were from last month's meeting. Last month, the stock market was affected. Release of minutes also affect.haiyoooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/149409450","repostId":"2149349321","repostType":4,"isVote":1,"tweetType":1,"viewCount":302,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152409189,"gmtCreate":1625320561241,"gmtModify":1631885869657,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574286103228100","idStr":"3574286103228100"},"themes":[],"htmlText":"Hais.&nbsp;","listText":"Hais.&nbsp;","text":"Hais.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/152409189","repostId":"1188153141","repostType":4,"repost":{"id":"1188153141","kind":"news","pubTimestamp":1625276221,"share":"https://www.laohu8.com/m/news/1188153141?lang=zh_CN&edition=full","pubTime":"2021-07-03 09:37","market":"us","language":"en","title":"Suze Orman worries about a market crash — here's what you should do<blockquote>Suze Orman担心市场崩盘——以下是您应该做的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1188153141","media":"MoneyWise","summary":"As stock markets continue setting records, fallout from COVID-19 continues to create problems for th","content":"<p>As stock markets continue setting records, fallout from COVID-19 continues to create problems for the economy.</p><p><blockquote>随着股市继续创下纪录，新冠肺炎的影响继续给经济带来问题。</blockquote></p><p> That clash has worried investing experts, including Suze Orman, who's gone so far as to say she’s now preparing for an inevitable market crash.</p><p><blockquote>这场冲突让投资专家感到担忧，其中包括苏茜·欧曼(Suze Orman)，她甚至表示，她现在正在为不可避免的市场崩盘做准备。</blockquote></p><p> And a famous measurement popularized by Warren Buffett — known as the Buffett Indicator — shows Orman might be onto something.</p><p><blockquote>沃伦·巴菲特推广的一项著名指标——巴菲特指标——表明奥曼可能有所发现。</blockquote></p><p> Here’s an explanation of where the concern is coming from and some techniques you can use tokeep your investment portfolio growingeven if the market goes south.</p><p><blockquote>以下解释了这种担忧的来源，以及即使市场下跌，您也可以使用一些技巧来保持投资组合的增长。</blockquote></p><p> <b>What does Suze Orman think?</b></p><p><blockquote><b>苏西·奥曼是怎么想的？</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/be8dc3ad363faad96bc575a22235562d\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Mediapunch/Shutterstock</p><p><blockquote>Mediapunch/Shutterstock</blockquote></p><p> Suze Orman has avidly watched the market for decades. She knows ups and downs are to be expected, but what she’s seeing happen with investment fads like GameStop has her concerned.</p><p><blockquote>几十年来，Suze Orman一直热切关注市场。她知道起起落落是意料之中的，但她所看到的像游戏驿站这样的投资时尚所发生的事情让她感到担忧。</blockquote></p><p> “I don’t like what I see happening in the market right now,” Orman said in a video for CNBC. “The economy has been horrible, but the stock market has been going.”</p><p><blockquote>“我不喜欢现在市场上发生的事情，”奥曼在CNBC的视频中表示。“经济一直很糟糕，但股市一直在上涨。”</blockquote></p><p> While investing is as easy now asusing a smartphone app, Orman is concerned about where we can go from these record highs.</p><p><blockquote>虽然现在投资就像使用智能手机应用程序一样容易，但奥曼担心我们能从这些历史高点走向何方。</blockquote></p><p> And even with stimulus checks, which are still going out, and the real estate market breaking its own records last year, Orman worries about what will come with the coronavirus — especially as new variants continue to pop up.</p><p><blockquote>即使刺激支票仍在发放，房地产市场去年也打破了自己的记录，奥曼仍担心冠状病毒会带来什么——特别是在新变种不断出现的情况下。</blockquote></p><p> What's more, she feels it’s just been too long since the last crash to stay this high much longer.</p><p><blockquote>更重要的是，她觉得距离上次崩盘已经太久了，不能再保持这么高的高度了。</blockquote></p><p> “This reminds me of 2000 all over again,” Orman says.</p><p><blockquote>“这让我又想起了2000年，”奥曼说。</blockquote></p><p> <b>The Buffett Indicator</b></p><p><blockquote><b>巴菲特指标</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/44ada32ecadcc4581fed208f4f4e4d53\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Larry W Smith/EPA/Shutterstock</p><p><blockquote>拉里·W·史密斯/EPA/Shutterstock</blockquote></p><p> One metric Warren Buffett uses to assess the market so regularly that it’s been named after him has been flashing red for long enough that market watchers are starting to wonder if it’s an outdated tool.</p><p><blockquote>沃伦·巴菲特经常用来评估市场的一项指标，以他的名字命名，已经亮起红灯足够长的时间，以至于市场观察人士开始怀疑这是否是一个过时的工具。</blockquote></p><p> But the Buffett Indicator, a measurement of the ratio of the stock market’s total value against U.S. economic output, continues to climb to previously unseen levels.</p><p><blockquote>但衡量股市总价值与美国经济产出比率的巴菲特指标继续攀升至前所未有的水平。</blockquote></p><p> And those in the know are wondering if it's a sign that we’re about to see a hard fall.</p><p><blockquote>知情人士想知道这是否是我们即将看到严重下跌的迹象。</blockquote></p><p> How to prepare for a crash<img src=\"https://static.tigerbbs.com/1ad912a6b4611d9e39b46d2851c78c9e\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Freedomz / Shutterstock</p><p><blockquote>如何为崩溃做好准备Freedomz/Shutterstock</blockquote></p><p> Orman has three recommendations for setting up a simple investment strategy to help you successfully navigate any sharp turns in the market.</p><p><blockquote>Orman提出了三个建立简单投资策略的建议，以帮助您成功应对市场的任何急转弯。</blockquote></p><p> <b>1. Buy low</b></p><p><blockquote><b>1.低吸</b></blockquote></p><p> Part of what upsets Orman so much about the furor over meme stocks like GameStop is it goes completely against the average investor’s interests.</p><p><blockquote>奥曼对游戏驿站等模因股票的狂热感到如此不安的部分原因是，它完全违背了普通投资者的利益。</blockquote></p><p> “All of you have your heads screwed on backwards,” she says. “All you want is for these markets to go up and up and up. What good is that going to do you?”</p><p><blockquote>“你们所有人的头都被拧到了后面，”她说。“你想要的只是这些市场不断上涨。这对你有什么好处？”</blockquote></p><p> She points out the only extra money most people have goes towardinvesting for retirementin their 401(k) or IRA plans.</p><p><blockquote>她指出，大多数人唯一的额外资金用于投资401(k)或IRA计划的退休生活。</blockquote></p><p> Because you probably don’t plan to touch that money for decades, the best long-term strategy is to buy low. That way, your dollar will go much further now, leaving plenty of room for growth over the next 20, 30 or 40 years.</p><p><blockquote>因为你可能几十年内都不打算碰这笔钱，所以最好的长期策略是低吸。这样，你的美元现在将走得更远，为未来20年、30年或40年留下足够的增长空间。</blockquote></p><p> <b>2. Invest on a schedule</b></p><p><blockquote><b>2.按计划投资</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/e4102f8a6d5002090743b1cbded32ef9\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">katjen / Shutterstock</p><p><blockquote>卡珍/Shutterstock</blockquote></p><p> While she prefers to buy low, Orman doesn’t recommend you stop investing completely when the market goes up.</p><p><blockquote>虽然她更喜欢低价买入，但奥曼不建议你在市场上涨时完全停止投资。</blockquote></p><p> She wants casual investors to not get caught up in the daily ups and downs of the market.</p><p><blockquote>她希望普通投资者不要陷入市场每天的涨跌之中。</blockquote></p><p> In fact, cheering for downturns now may be your best bet at getting a larger piece of very profitable investments — like some lucky investors were able to do back in 2007 and 2008.</p><p><blockquote>事实上，现在为经济低迷欢呼可能是您获得更大份额利润丰厚的投资的最佳选择——就像一些幸运的投资者在2007年和2008年所做的那样。</blockquote></p><p> “When the market went down, down, down you could buy things at nothing,” says Orman. “And now look at them 15 years later.”</p><p><blockquote>“当市场下跌、下跌、下跌时，你可以免费购买东西，”奥曼说。“现在看看15年后的它们。”</blockquote></p><p> She suggests you set up a dollar-cost averaging strategy, which means you invest your money in equal portions at regular intervals, regardless of the market’s fluctuations.</p><p><blockquote>她建议你建立一个平均成本策略，这意味着无论市场波动如何，你都要定期等量投资。</blockquote></p><p> This kind of approach is easy to implement with any of the many investing apps currently available to DIY investors.</p><p><blockquote>这种方法很容易用目前可供DIY投资者使用的许多投资应用程序中的任何一个来实施。</blockquote></p><p> There are even apps that willautomatically invest your spare changeby rounding up your debit and credit card purchases to the nearest dollar.</p><p><blockquote>甚至有些应用程序会通过将您的借记卡和信用卡购买的金额四舍五入到最接近的美元来自动投资您的零钱。</blockquote></p><p> <b>3. Diversify with fractional shares</b></p><p><blockquote><b>3.通过零碎股份实现多元化</b></blockquote></p><p> To help weather dips in specific corners of the market, Orman suggests you diversify your investments — balance your portfolio with investments in many different types of assets and sectors of the economy.</p><p><blockquote>为了帮助应对市场特定角落的下跌，奥曼建议您分散投资——通过投资多种不同类型的资产和经济部门来平衡您的投资组合。</blockquote></p><p> Orman particularly recommends fractional-share investing. This approach allows you to buy a slice of a share for a big-name company that you otherwise wouldn’t be able to afford.</p><p><blockquote>奥曼特别推荐零股投资。这种方法允许你购买一家知名公司的一部分股份，否则你将买不起。</blockquote></p><p></p><p> With the help of apopular stock-trading tool, anyone at any budget can afford the fractional share strategy.</p><p><blockquote>在流行的股票交易工具的帮助下，任何预算的人都可以负担得起碎股策略。</blockquote></p><p> “The sooner you begin, the more money you will have,” says Orman. “Just don’t stop, and when these markets go down, you should be so happy because your dollars find more shares.”</p><p><blockquote>“你越早开始，你拥有的钱就越多，”奥曼说。“只是不要停下来，当这些市场下跌时，你应该很高兴，因为你的美元找到了更多的份额。”</blockquote></p><p> “And the more shares you have, the more money you’ll have 20, 40, 50 years from now.”</p><p><blockquote>“你拥有的股票越多，20年、40年、50年后你拥有的钱就越多。”</blockquote></p><p> <b>What else you can do</b></p><p><blockquote><b>你还能做什么</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/5e79c6fd1f8fa6e3a7c3a6c94f1e14b5\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">goodluz / Shutterstock</p><p><blockquote>古德卢兹/Shutterstock</blockquote></p><p> Whether or not a big crash is around the corner, investors who are still decades out from retirement can make that work for them, Orman said in theCNBC video.</p><p><blockquote>奥曼在CNBC视频中表示，无论大崩盘是否即将来临，距离退休还有几十年的投资者都可以利用这一点。</blockquote></p><p> First, prepare for the worst and hope for the best. Since the onset of the pandemic, Orman now recommends everyone have an emergency fund that can cover their expenses for a full year.</p><p><blockquote>第一，做最坏的打算，抱最好的希望。自从疫情爆发以来，奥曼现在建议每个人都有一个应急基金，可以支付他们一整年的费用。</blockquote></p><p> Then, to set yourself up fora comfortable retirement, she suggests you opt for a Roth account, whether that’s a 401(k) or IRA.</p><p><blockquote>然后，为了让自己过上舒适的退休生活，她建议您选择Roth账户，无论是401(k)还是IRA。</blockquote></p><p> That will help you avoid paying tax when you take money out of your retirement account because your contributions to a Roth account are made after tax. Traditional IRAs, on the other hand, aren’t taxed when you make contributions, so you’ll end up paying later.</p><p><blockquote>这将帮助您在从退休账户中提取资金时避免纳税，因为您对罗斯账户的供款是税后进行的。另一方面，传统IRA在您缴款时无需纳税，因此您最终会稍后付款。</blockquote></p><p> If you find you need a little more guidance, working with aprofessional financial adviser, can help point you in the right direction so you can confidently ride out any market volatility.</p><p><blockquote>如果您发现需要更多指导，与专业财务顾问合作可以帮助您指出正确的方向，以便您可以自信地度过任何市场波动。</blockquote></p><p> While everyone else is veering off course or overcorrecting, you’ll be firmly in the driver’s seat with your sunset years planned for.</p><p><blockquote>当其他人都在偏离路线或矫枉过正时，你将牢牢地坐在驾驶座上，计划好你的晚年。</blockquote></p><p></p>","source":"lsy1621813427262","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>Suze Orman worries about a market crash — here's what you should do<blockquote>Suze Orman担心市场崩盘——以下是您应该做的</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; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSuze Orman worries about a market crash — here's what you should do<blockquote>Suze Orman担心市场崩盘——以下是您应该做的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MoneyWise</strong><span class=\"h-time small\">2021-07-03 09:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p>As stock markets continue setting records, fallout from COVID-19 continues to create problems for the economy.</p><p><blockquote>随着股市继续创下纪录，新冠肺炎的影响继续给经济带来问题。</blockquote></p><p> That clash has worried investing experts, including Suze Orman, who's gone so far as to say she’s now preparing for an inevitable market crash.</p><p><blockquote>这场冲突让投资专家感到担忧，其中包括苏茜·欧曼(Suze Orman)，她甚至表示，她现在正在为不可避免的市场崩盘做准备。</blockquote></p><p> And a famous measurement popularized by Warren Buffett — known as the Buffett Indicator — shows Orman might be onto something.</p><p><blockquote>沃伦·巴菲特推广的一项著名指标——巴菲特指标——表明奥曼可能有所发现。</blockquote></p><p> Here’s an explanation of where the concern is coming from and some techniques you can use tokeep your investment portfolio growingeven if the market goes south.</p><p><blockquote>以下解释了这种担忧的来源，以及即使市场下跌，您也可以使用一些技巧来保持投资组合的增长。</blockquote></p><p> <b>What does Suze Orman think?</b></p><p><blockquote><b>苏西·奥曼是怎么想的？</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/be8dc3ad363faad96bc575a22235562d\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Mediapunch/Shutterstock</p><p><blockquote>Mediapunch/Shutterstock</blockquote></p><p> Suze Orman has avidly watched the market for decades. She knows ups and downs are to be expected, but what she’s seeing happen with investment fads like GameStop has her concerned.</p><p><blockquote>几十年来，Suze Orman一直热切关注市场。她知道起起落落是意料之中的，但她所看到的像游戏驿站这样的投资时尚所发生的事情让她感到担忧。</blockquote></p><p> “I don’t like what I see happening in the market right now,” Orman said in a video for CNBC. “The economy has been horrible, but the stock market has been going.”</p><p><blockquote>“我不喜欢现在市场上发生的事情，”奥曼在CNBC的视频中表示。“经济一直很糟糕，但股市一直在上涨。”</blockquote></p><p> While investing is as easy now asusing a smartphone app, Orman is concerned about where we can go from these record highs.</p><p><blockquote>虽然现在投资就像使用智能手机应用程序一样容易，但奥曼担心我们能从这些历史高点走向何方。</blockquote></p><p> And even with stimulus checks, which are still going out, and the real estate market breaking its own records last year, Orman worries about what will come with the coronavirus — especially as new variants continue to pop up.</p><p><blockquote>即使刺激支票仍在发放，房地产市场去年也打破了自己的记录，奥曼仍担心冠状病毒会带来什么——特别是在新变种不断出现的情况下。</blockquote></p><p> What's more, she feels it’s just been too long since the last crash to stay this high much longer.</p><p><blockquote>更重要的是，她觉得距离上次崩盘已经太久了，不能再保持这么高的高度了。</blockquote></p><p> “This reminds me of 2000 all over again,” Orman says.</p><p><blockquote>“这让我又想起了2000年，”奥曼说。</blockquote></p><p> <b>The Buffett Indicator</b></p><p><blockquote><b>巴菲特指标</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/44ada32ecadcc4581fed208f4f4e4d53\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Larry W Smith/EPA/Shutterstock</p><p><blockquote>拉里·W·史密斯/EPA/Shutterstock</blockquote></p><p> One metric Warren Buffett uses to assess the market so regularly that it’s been named after him has been flashing red for long enough that market watchers are starting to wonder if it’s an outdated tool.</p><p><blockquote>沃伦·巴菲特经常用来评估市场的一项指标，以他的名字命名，已经亮起红灯足够长的时间，以至于市场观察人士开始怀疑这是否是一个过时的工具。</blockquote></p><p> But the Buffett Indicator, a measurement of the ratio of the stock market’s total value against U.S. economic output, continues to climb to previously unseen levels.</p><p><blockquote>但衡量股市总价值与美国经济产出比率的巴菲特指标继续攀升至前所未有的水平。</blockquote></p><p> And those in the know are wondering if it's a sign that we’re about to see a hard fall.</p><p><blockquote>知情人士想知道这是否是我们即将看到严重下跌的迹象。</blockquote></p><p> How to prepare for a crash<img src=\"https://static.tigerbbs.com/1ad912a6b4611d9e39b46d2851c78c9e\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">Freedomz / Shutterstock</p><p><blockquote>如何为崩溃做好准备Freedomz/Shutterstock</blockquote></p><p> Orman has three recommendations for setting up a simple investment strategy to help you successfully navigate any sharp turns in the market.</p><p><blockquote>Orman提出了三个建立简单投资策略的建议，以帮助您成功应对市场的任何急转弯。</blockquote></p><p> <b>1. Buy low</b></p><p><blockquote><b>1.低吸</b></blockquote></p><p> Part of what upsets Orman so much about the furor over meme stocks like GameStop is it goes completely against the average investor’s interests.</p><p><blockquote>奥曼对游戏驿站等模因股票的狂热感到如此不安的部分原因是，它完全违背了普通投资者的利益。</blockquote></p><p> “All of you have your heads screwed on backwards,” she says. “All you want is for these markets to go up and up and up. What good is that going to do you?”</p><p><blockquote>“你们所有人的头都被拧到了后面，”她说。“你想要的只是这些市场不断上涨。这对你有什么好处？”</blockquote></p><p> She points out the only extra money most people have goes towardinvesting for retirementin their 401(k) or IRA plans.</p><p><blockquote>她指出，大多数人唯一的额外资金用于投资401(k)或IRA计划的退休生活。</blockquote></p><p> Because you probably don’t plan to touch that money for decades, the best long-term strategy is to buy low. That way, your dollar will go much further now, leaving plenty of room for growth over the next 20, 30 or 40 years.</p><p><blockquote>因为你可能几十年内都不打算碰这笔钱，所以最好的长期策略是低吸。这样，你的美元现在将走得更远，为未来20年、30年或40年留下足够的增长空间。</blockquote></p><p> <b>2. Invest on a schedule</b></p><p><blockquote><b>2.按计划投资</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/e4102f8a6d5002090743b1cbded32ef9\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">katjen / Shutterstock</p><p><blockquote>卡珍/Shutterstock</blockquote></p><p> While she prefers to buy low, Orman doesn’t recommend you stop investing completely when the market goes up.</p><p><blockquote>虽然她更喜欢低价买入，但奥曼不建议你在市场上涨时完全停止投资。</blockquote></p><p> She wants casual investors to not get caught up in the daily ups and downs of the market.</p><p><blockquote>她希望普通投资者不要陷入市场每天的涨跌之中。</blockquote></p><p> In fact, cheering for downturns now may be your best bet at getting a larger piece of very profitable investments — like some lucky investors were able to do back in 2007 and 2008.</p><p><blockquote>事实上，现在为经济低迷欢呼可能是您获得更大份额利润丰厚的投资的最佳选择——就像一些幸运的投资者在2007年和2008年所做的那样。</blockquote></p><p> “When the market went down, down, down you could buy things at nothing,” says Orman. “And now look at them 15 years later.”</p><p><blockquote>“当市场下跌、下跌、下跌时，你可以免费购买东西，”奥曼说。“现在看看15年后的它们。”</blockquote></p><p> She suggests you set up a dollar-cost averaging strategy, which means you invest your money in equal portions at regular intervals, regardless of the market’s fluctuations.</p><p><blockquote>她建议你建立一个平均成本策略，这意味着无论市场波动如何，你都要定期等量投资。</blockquote></p><p> This kind of approach is easy to implement with any of the many investing apps currently available to DIY investors.</p><p><blockquote>这种方法很容易用目前可供DIY投资者使用的许多投资应用程序中的任何一个来实施。</blockquote></p><p> There are even apps that willautomatically invest your spare changeby rounding up your debit and credit card purchases to the nearest dollar.</p><p><blockquote>甚至有些应用程序会通过将您的借记卡和信用卡购买的金额四舍五入到最接近的美元来自动投资您的零钱。</blockquote></p><p> <b>3. Diversify with fractional shares</b></p><p><blockquote><b>3.通过零碎股份实现多元化</b></blockquote></p><p> To help weather dips in specific corners of the market, Orman suggests you diversify your investments — balance your portfolio with investments in many different types of assets and sectors of the economy.</p><p><blockquote>为了帮助应对市场特定角落的下跌，奥曼建议您分散投资——通过投资多种不同类型的资产和经济部门来平衡您的投资组合。</blockquote></p><p> Orman particularly recommends fractional-share investing. This approach allows you to buy a slice of a share for a big-name company that you otherwise wouldn’t be able to afford.</p><p><blockquote>奥曼特别推荐零股投资。这种方法允许你购买一家知名公司的一部分股份，否则你将买不起。</blockquote></p><p></p><p> With the help of apopular stock-trading tool, anyone at any budget can afford the fractional share strategy.</p><p><blockquote>在流行的股票交易工具的帮助下，任何预算的人都可以负担得起碎股策略。</blockquote></p><p> “The sooner you begin, the more money you will have,” says Orman. “Just don’t stop, and when these markets go down, you should be so happy because your dollars find more shares.”</p><p><blockquote>“你越早开始，你拥有的钱就越多，”奥曼说。“只是不要停下来，当这些市场下跌时，你应该很高兴，因为你的美元找到了更多的份额。”</blockquote></p><p> “And the more shares you have, the more money you’ll have 20, 40, 50 years from now.”</p><p><blockquote>“你拥有的股票越多，20年、40年、50年后你拥有的钱就越多。”</blockquote></p><p> <b>What else you can do</b></p><p><blockquote><b>你还能做什么</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/5e79c6fd1f8fa6e3a7c3a6c94f1e14b5\" tg-width=\"703\" tg-height=\"293\" referrerpolicy=\"no-referrer\">goodluz / Shutterstock</p><p><blockquote>古德卢兹/Shutterstock</blockquote></p><p> Whether or not a big crash is around the corner, investors who are still decades out from retirement can make that work for them, Orman said in theCNBC video.</p><p><blockquote>奥曼在CNBC视频中表示，无论大崩盘是否即将来临，距离退休还有几十年的投资者都可以利用这一点。</blockquote></p><p> First, prepare for the worst and hope for the best. Since the onset of the pandemic, Orman now recommends everyone have an emergency fund that can cover their expenses for a full year.</p><p><blockquote>第一，做最坏的打算，抱最好的希望。自从疫情爆发以来，奥曼现在建议每个人都有一个应急基金，可以支付他们一整年的费用。</blockquote></p><p> Then, to set yourself up fora comfortable retirement, she suggests you opt for a Roth account, whether that’s a 401(k) or IRA.</p><p><blockquote>然后，为了让自己过上舒适的退休生活，她建议您选择Roth账户，无论是401(k)还是IRA。</blockquote></p><p> That will help you avoid paying tax when you take money out of your retirement account because your contributions to a Roth account are made after tax. Traditional IRAs, on the other hand, aren’t taxed when you make contributions, so you’ll end up paying later.</p><p><blockquote>这将帮助您在从退休账户中提取资金时避免纳税，因为您对罗斯账户的供款是税后进行的。另一方面，传统IRA在您缴款时无需纳税，因此您最终会稍后付款。</blockquote></p><p> If you find you need a little more guidance, working with aprofessional financial adviser, can help point you in the right direction so you can confidently ride out any market volatility.</p><p><blockquote>如果您发现需要更多指导，与专业财务顾问合作可以帮助您指出正确的方向，以便您可以自信地度过任何市场波动。</blockquote></p><p> While everyone else is veering off course or overcorrecting, you’ll be firmly in the driver’s seat with your sunset years planned for.</p><p><blockquote>当其他人都在偏离路线或矫枉过正时，你将牢牢地坐在驾驶座上，计划好你的晚年。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/suze-orman-worries-market-crash-220000108.html\">MoneyWise</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://finance.yahoo.com/news/suze-orman-worries-market-crash-220000108.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188153141","content_text":"As stock markets continue setting records, fallout from COVID-19 continues to create problems for the economy.\nThat clash has worried investing experts, including Suze Orman, who's gone so far as to say she’s now preparing for an inevitable market crash.\nAnd a famous measurement popularized by Warren Buffett — known as the Buffett Indicator — shows Orman might be onto something.\nHere’s an explanation of where the concern is coming from and some techniques you can use tokeep your investment portfolio growingeven if the market goes south.\nWhat does Suze Orman think?\nMediapunch/Shutterstock\nSuze Orman has avidly watched the market for decades. She knows ups and downs are to be expected, but what she’s seeing happen with investment fads like GameStop has her concerned.\n“I don’t like what I see happening in the market right now,” Orman said in a video for CNBC. “The economy has been horrible, but the stock market has been going.”\nWhile investing is as easy now asusing a smartphone app, Orman is concerned about where we can go from these record highs.\nAnd even with stimulus checks, which are still going out, and the real estate market breaking its own records last year, Orman worries about what will come with the coronavirus — especially as new variants continue to pop up.\nWhat's more, she feels it’s just been too long since the last crash to stay this high much longer.\n“This reminds me of 2000 all over again,” Orman says.\nThe Buffett Indicator\nLarry W Smith/EPA/Shutterstock\nOne metric Warren Buffett uses to assess the market so regularly that it’s been named after him has been flashing red for long enough that market watchers are starting to wonder if it’s an outdated tool.\nBut the Buffett Indicator, a measurement of the ratio of the stock market’s total value against U.S. economic output, continues to climb to previously unseen levels.\nAnd those in the know are wondering if it's a sign that we’re about to see a hard fall.\nHow to prepare for a crashFreedomz / Shutterstock\nOrman has three recommendations for setting up a simple investment strategy to help you successfully navigate any sharp turns in the market.\n1. Buy low\nPart of what upsets Orman so much about the furor over meme stocks like GameStop is it goes completely against the average investor’s interests.\n“All of you have your heads screwed on backwards,” she says. “All you want is for these markets to go up and up and up. What good is that going to do you?”\nShe points out the only extra money most people have goes towardinvesting for retirementin their 401(k) or IRA plans.\nBecause you probably don’t plan to touch that money for decades, the best long-term strategy is to buy low. That way, your dollar will go much further now, leaving plenty of room for growth over the next 20, 30 or 40 years.\n2. Invest on a schedule\nkatjen / Shutterstock\nWhile she prefers to buy low, Orman doesn’t recommend you stop investing completely when the market goes up.\nShe wants casual investors to not get caught up in the daily ups and downs of the market.\nIn fact, cheering for downturns now may be your best bet at getting a larger piece of very profitable investments — like some lucky investors were able to do back in 2007 and 2008.\n“When the market went down, down, down you could buy things at nothing,” says Orman. “And now look at them 15 years later.”\nShe suggests you set up a dollar-cost averaging strategy, which means you invest your money in equal portions at regular intervals, regardless of the market’s fluctuations.\nThis kind of approach is easy to implement with any of the many investing apps currently available to DIY investors.\nThere are even apps that willautomatically invest your spare changeby rounding up your debit and credit card purchases to the nearest dollar.\n3. Diversify with fractional shares\nTo help weather dips in specific corners of the market, Orman suggests you diversify your investments — balance your portfolio with investments in many different types of assets and sectors of the economy.\nOrman particularly recommends fractional-share investing. This approach allows you to buy a slice of a share for a big-name company that you otherwise wouldn’t be able to afford.\nWith the help of apopular stock-trading tool, anyone at any budget can afford the fractional share strategy.\n“The sooner you begin, the more money you will have,” says Orman. “Just don’t stop, and when these markets go down, you should be so happy because your dollars find more shares.”\n“And the more shares you have, the more money you’ll have 20, 40, 50 years from now.”\nWhat else you can do\ngoodluz / Shutterstock\nWhether or not a big crash is around the corner, investors who are still decades out from retirement can make that work for them, Orman said in theCNBC video.\nFirst, prepare for the worst and hope for the best. Since the onset of the pandemic, Orman now recommends everyone have an emergency fund that can cover their expenses for a full year.\nThen, to set yourself up fora comfortable retirement, she suggests you opt for a Roth account, whether that’s a 401(k) or IRA.\nThat will help you avoid paying tax when you take money out of your retirement account because your contributions to a Roth account are made after tax. Traditional IRAs, on the other hand, aren’t taxed when you make contributions, so you’ll end up paying later.\nIf you find you need a little more guidance, working with aprofessional financial adviser, can help point you in the right direction so you can confidently ride out any market volatility.\nWhile everyone else is veering off course or overcorrecting, you’ll be firmly in the driver’s seat with your sunset years planned 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pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/355671300","repostId":"2123607230","repostType":4,"repost":{"id":"2123607230","kind":"highlight","weMediaInfo":{"introduction":"The leading daily newsletter for the latest financial and business news. 33Yrs Helping Stock Investors with Investing Insights, Tools, News & More.","home_visible":0,"media_name":"Investors","id":"1085713068","head_image":"https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c"},"pubTimestamp":1617070299,"share":"https://www.laohu8.com/m/news/2123607230?lang=zh_CN&edition=full","pubTime":"2021-03-30 10:11","market":"us","language":"en","title":"Beware The 11 Most Overvalued Stocks Now, Analysts Warn<blockquote>分析师警告称，现在要小心11只最被高估的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2123607230","media":"Investors","summary":"Analysts called the Tesla crash and the big tumble in video streamers' stocks. But their warnings are still going unheeded on a number of S&P 500 companies.","content":"<p>Analysts called the <b>Tesla</b> crash and the big tumble in video streamers' stocks. But their warnings are still going unheeded on a number of S&amp;P 500 companies.</p><p><blockquote>分析师称<b>特斯拉</b>视频流媒体股票的崩盘和大幅下跌。但他们的警告仍然被许多标普500公司忽视。</blockquote></p><p>Nearly a dozen S&amp;P 500 companies, including industrials <b>American Airlines</b> and <b>Snap-on</b> plus communications services <b><a href=\"https://laohu8.com/S/LUMN\">Lumen Technologies</a></b> are still grossly overvalued compared to analysts' 12-month price targets on the stocks, says an Investor's Business Daily analysis of data from S&amp;P Global Market Intelligence and MarketSmith.</p><p><blockquote>近十几家标普500公司，包括工业<b>美国航空公司</b>和<b>Snap-on</b>加上通信服务<b><a href=\"https://laohu8.com/S/LUMN\">流明技术</a></b>《投资者商业日报》对标准普尔全球市场情报和MarketSmith数据的分析表示，与分析师对这些股票的12个月目标价相比，这些股票的估值仍然被严重高估。</blockquote></p><p>By analysts' estimates, all 11 of these S&amp;P 500 stocks are at least 10% overvalued. And the warnings come amid big run-ups in most of them. Investors are piling into stocks thought to benefit from a stronger economy. The 11 stocks are up an average 28.2% this year, while the SPDR S&amp;P 500 ETF Trust is up just 5.9%. What's more, eight of the 11 are up 20% or more in 2021 so far.</p><p><blockquote>据分析师估计，所有这11只标普500股票都被高估了至少10%。这些警告是在大多数国家大幅上涨之际发出的。投资者纷纷涌入被认为受益于经济走强的股票。这11只股票今年平均上涨28.2%，而SPDR标普500 ETF信托仅上涨5.9%。更重要的是，到目前为止，11家公司中有8家在2021年上涨了20%或更多。</blockquote></p><p>Seeing analysts dig in with warnings of lower price targets amid a rally, especially in cyclical stocks, is noteworthy.</p><p><blockquote>值得注意的是，分析师在反弹期间不断发出降低目标价的警告，尤其是周期性股票。</blockquote></p><p><b>S&amp;P 500 Analysts Are Actually Bullish</b></p><p><blockquote><b>标普500分析师实际上看涨</b></blockquote></p><p>Analysts have pounded the table warning of overvaluation of Tesla stock. And they also cautioned on shares of <b>ViacomCBS</b> and <b>Discovery</b> before they sold off.</p><p><blockquote>分析师对特斯拉股票估值过高发出警告。他们还对股票发出警告<b>ViacomCBS</b>和<b>发现</b>在他们卖掉之前。</blockquote></p><p>But overall, analysts — like usual — are mostly bullish on S&amp;P 500 stocks. Analysts' 12-month price targets on the individual stocks in the S&amp;P 500 are 6.5% higher than Friday's closing prices.</p><p><blockquote>但总体而言，分析师与往常一样大多看好标普500股票。分析师对标普500个股的12个月目标价较周五收盘价上涨6.5%。</blockquote></p><p>And fundamentals back up the bullishness. Already this year, 60 companies told analysts their earnings in the current quarter will be better than they previously estimated, says John Butters, earnings analyst at Factset.</p><p><blockquote>基本面支持看涨情绪。Factset盈利分析师约翰·巴特斯(John Butters)表示，今年已有60家公司告诉分析师，他们本季度的盈利将好于之前的预期。</blockquote></p><p>That's the highest number of S&amp;P 500 companies issuing positive guidance for a quarter since at least 2006. Only about half that many companies were so positive on the same quarter a year ago. And that in turn means analysts now think S&amp;P 500 companies' profit will jump 23.3% in the first quarter. They only saw a 15.8% jump in first quarter profit at the end of 2020.</p><p><blockquote>这是至少自2006年以来季度发布积极指引的标普500公司数量最多的一次。一年前同一季度，只有大约一半的公司如此乐观。这反过来意味着分析师现在认为标普500公司第一季度的利润将增长23.3%。截至2020年底，他们第一季度利润仅增长了15.8%。</blockquote></p><p><b>But Analysts See Pockets Of Overvaluation</b></p><p><blockquote><b>但分析师认为部分地区估值过高</b></blockquote></p><p>American Airlines is the S&amp;P 500 stock analysts think is way beyond where it should be. And it's easy to see why.</p><p><blockquote>分析师认为美国航空的标普500股票远远超出了应有的水平。原因显而易见。</blockquote></p><p>Just this year, the airline's shares soared 45.4% to 22.93 a share. New investors piled into the airline's shares, even though it lost roughly $9 billion in 2020 as the pandemic all but shut down air travel. Analysts see a comeback, sort of. American is expected to only lose roughly $4 billion, or $7.61 a share, in 2021. But profitability isn't seen until 2022.</p><p><blockquote>就在今年，该航空公司的股价飙升45.4%，至每股22.93美元。尽管由于疫情几乎关闭了航空旅行，该航空公司在2020年损失了约90亿美元，但新投资者还是涌入了该航空公司的股票。分析师认为某种程度上会卷土重来。美国航空预计2021年仅亏损约40亿美元，即每股7.61美元。但要到2022年才能实现盈利。</blockquote></p><p>As a result, analysts' 12-month price target on American is just 15.47 a share. If that's right, it means the stock is 33% overvalued. And it doesn't have strong enough fundamentals to hold it up, either. The company's IBD Composite Rating is just 45. Do you know what to look at before buying American's stock?</p><p><blockquote>因此，分析师对美国航空的12个月目标价仅为每股15.47美元。如果这是正确的，这意味着该股被高估了33%。而且它也没有足够强大的基本面来支撑它。该公司的IBD综合评级仅为45。你知道在购买美国航空公司的股票之前要看什么吗？</blockquote></p><p>Also in the industrials sector, analysts think tool seller Snap-on ran up too far, as well. Shares are up more than 34% this year to 229.63.</p><p><blockquote>同样在工业领域，分析师认为工具销售商Snap安也涨得太远了。今年股价上涨超过34%，至229.63点。</blockquote></p><p>Unlike American, Snap-on has the fundamentals to back it up.</p><p><blockquote>与美国不同，Snap安有基本面支持。</blockquote></p><p>It sports a Composite Rating of 88. Snap-on's adjusted profit per share is seen hitting $12.44 in 2021, up nearly 7% from 2020. But again, analysts think the bulls are getting carried away. After all, profit fell 5% in 2020. So analysts think the company is only worth 190.33 a share in 12 months, or 16% less than it's trading now.</p><p><blockquote>它的综合评分为88分。Snap-安预计2021年调整后每股利润将达到12.44美元，比2020年增长近7%。但分析师再次认为多头正在得意忘形。毕竟，2020年利润下降了5%。因此，分析师认为该公司12个月内每股价值仅为190.33美元，比目前的交易价格低16%。</blockquote></p><p><b>Watch Out For S&amp;P 500 Dividend Darlings</b></p><p><blockquote><b>留意标普500股息宠儿</b></blockquote></p><p>High dividend payers in the S&amp;P 500 are setting the markets on fire. All eight of the top yielding stocks in the S&amp;P 500 are topping the index in 2021 so far. And that includes voice and data networking company, Lumen.</p><p><blockquote>标普500的高股息支付者正在点燃市场。到目前为止，标普500中收益最高的八只股票都在2021年高居该指数榜首。其中包括语音和数据网络公司Lumen。</blockquote></p><p>Lumen is known for its whopping 7.4% dividend yield. That's solid in a world when the S&amp;P 500 yields just 1.5%. But it's even more famous among investors this year for a 35% jump in its stock price to 13.16. It's not exactly a screamingly positive fundamental story, either. Profit per share rose 26.5% in 2020. But profit is seen dropping 6.5% in 2021.</p><p><blockquote>Lumen以其高达7.4%的股息收益率而闻名。在标普500收益率仅为1.5%的世界里，这是可靠的。但今年它在投资者中更加出名，因为它的股价上涨了35%，达到13.16。这也不是一个非常积极的基本面故事。2020年每股利润增长26.5%。但预计2021年利润将下降6.5%。</blockquote></p><p>Analysts just think it's not worth what investors are paying. They're calling for Lumen to trade for 10.78 a share in 12 months, or 18% less than it is now.</p><p><blockquote>分析师只是认为这不值得投资者支付的费用。他们呼吁Lumen在12个月内的交易价格为每股10.78美元，比现在低18%。</blockquote></p><p>It goes without saying analysts aren't always right. They're often wrong. But their warnings this year on S&amp;P 500 high-flyers, though, have been spot on so worth at least listening to.</p><p><blockquote>不用说，分析师并不总是对的。他们经常是错的。但他们今年对标普500雄心勃勃的人的警告非常准确，至少值得一听。</blockquote></p><p><b>The Most Overvalued S&amp;P 500 Stocks: Analysts</b></p><p><blockquote><b>最被高估的标普500股票：分析师</b></blockquote></p><p></p><p><table><thead><tr><th>Company</th><th>Symbol</th><th>Target Price*</th><th>Stock YTD % Ch.</th><th>Implied Downside*</th><th>Sector</th><th>Composite Rating</th></tr></thead><tbody><tr><td>American Airlines</td><td></td><td>15.47</td><td>45.4%</td><td><b>-32.5%</b></td><td>Industrials</td><td>45</td></tr><tr><td>Lumen Technologies</td><td></td><td>10.78</td><td>35.0%</td><td><b>-18.1%</b></td><td>Communication Services</td><td>61</td></tr><tr><td>Snap-on</td><td></td><td>190.33</td><td>34.2%</td><td><b>-17.1%</b></td><td>Industrials</td><td>88</td></tr><tr><td>Nucor</td><td></td><td>66.38</td><td>49.1%</td><td><b>-16.3%</b></td><td>Materials</td><td>97</td></tr><tr><td>Expeditors International of Washington</td><td></td><td>91.64</td><td>13.3%</td><td><b>-15.0%</b></td><td>Industrials</td><td>80</td></tr><tr><td>Franklin Resources</td><td></td><td>25.47</td><td>17.6%</td><td><b>-13.4%</b></td><td>Financials</td><td>79</td></tr><tr><td>Genuine Parts</td><td></td><td>104.33</td><td>18.0%</td><td><b>-12.0%</b></td><td>Consumer Discretionary</td><td>64</td></tr><tr><td>Whirlpool</td><td></td><td>196.44</td><td>23.6%</td><td><b>-11.9%</b></td><td>Consumer Discretionary</td><td>91</td></tr><tr><td>Iron Mountain</td><td></td><td>33.25</td><td>26.5%</td><td><b>-10.8%</b></td><td>Real Estate</td><td>70</td></tr><tr><td>Unum</td><td></td><td>24.73</td><td>20.8%</td><td><b>-10.8%</b></td><td>Financials</td><td>59</td></tr><tr><td>A. O. Smith</td><td></td><td>62.11</td><td>26.8%</td><td><b>-10.6%</b></td><td>Industrials</td><td>74</td></tr></tbody></table><h5>Sources: IBD, S&amp;P Global Market Intelligence, * — based on analysts' 12-month price target</h5></p><p><blockquote><table><thead><tr><th>公司</th><th>象征</th><th>目标价格*</th><th>股票年初至今%Ch。</th><th>隐含的负面影响*</th><th>部门</th><th>综合评级</th></tr></thead><tbody><tr><td>美国航空公司</td><td></td><td>15.47</td><td>45.4%</td><td><b>-32.5%</b></td><td>工业</td><td>45</td></tr><tr><td>流明技术</td><td></td><td>10.78</td><td>35.0%</td><td><b>-18.1%</b></td><td>通讯服务</td><td>61</td></tr><tr><td>Snap-on</td><td></td><td>190.33</td><td>34.2%</td><td><b>-17.1%</b></td><td>工业</td><td>88</td></tr><tr><td>纽科尔</td><td></td><td>66.38</td><td>49.1%</td><td><b>-16.3%</b></td><td>材料</td><td>97</td></tr><tr><td>华盛顿国际快递公司</td><td></td><td>91.64</td><td>13.3%</td><td><b>-15.0%</b></td><td>工业</td><td>80</td></tr><tr><td>富兰克林资源公司</td><td></td><td>25.47</td><td>17.6%</td><td><b>-13.4%</b></td><td>财务</td><td>79</td></tr><tr><td>正品零件</td><td></td><td>104.33</td><td>18.0%</td><td><b>-12.0%</b></td><td>非必需消费品</td><td>64</td></tr><tr><td>漩涡</td><td></td><td>196.44</td><td>23.6%</td><td><b>-11.9%</b></td><td>非必需消费品</td><td>91</td></tr><tr><td>铁山</td><td></td><td>33.25</td><td>26.5%</td><td><b>-10.8%</b></td><td>房地产</td><td>70</td></tr><tr><td>尤努姆</td><td></td><td>24.73</td><td>20.8%</td><td><b>-10.8%</b></td><td>财务</td><td>59</td></tr><tr><td>A.O.史密斯</td><td></td><td>62.11</td><td>26.8%</td><td><b>-10.6%</b></td><td>工业</td><td>74</td></tr></tbody></table><h5>资料来源：IBD、标准普尔全球市场情报*——基于分析师12个月目标价</h5></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nBeware The 11 Most Overvalued Stocks Now, Analysts Warn<blockquote>分析师警告称，现在要小心11只最被高估的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time smaller\">2021-03-30 10:11</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Analysts called the <b>Tesla</b> crash and the big tumble in video streamers' stocks. But their warnings are still going unheeded on a number of S&amp;P 500 companies.</p><p><blockquote>分析师称<b>特斯拉</b>视频流媒体股票的崩盘和大幅下跌。但他们的警告仍然被许多标普500公司忽视。</blockquote></p><p>Nearly a dozen S&amp;P 500 companies, including industrials <b>American Airlines</b> and <b>Snap-on</b> plus communications services <b><a href=\"https://laohu8.com/S/LUMN\">Lumen Technologies</a></b> are still grossly overvalued compared to analysts' 12-month price targets on the stocks, says an Investor's Business Daily analysis of data from S&amp;P Global Market Intelligence and MarketSmith.</p><p><blockquote>近十几家标普500公司，包括工业<b>美国航空公司</b>和<b>Snap-on</b>加上通信服务<b><a href=\"https://laohu8.com/S/LUMN\">流明技术</a></b>《投资者商业日报》对标准普尔全球市场情报和MarketSmith数据的分析表示，与分析师对这些股票的12个月目标价相比，这些股票的估值仍然被严重高估。</blockquote></p><p>By analysts' estimates, all 11 of these S&amp;P 500 stocks are at least 10% overvalued. And the warnings come amid big run-ups in most of them. Investors are piling into stocks thought to benefit from a stronger economy. The 11 stocks are up an average 28.2% this year, while the SPDR S&amp;P 500 ETF Trust is up just 5.9%. What's more, eight of the 11 are up 20% or more in 2021 so far.</p><p><blockquote>据分析师估计，所有这11只标普500股票都被高估了至少10%。这些警告是在大多数国家大幅上涨之际发出的。投资者纷纷涌入被认为受益于经济走强的股票。这11只股票今年平均上涨28.2%，而SPDR标普500 ETF信托仅上涨5.9%。更重要的是，到目前为止，11家公司中有8家在2021年上涨了20%或更多。</blockquote></p><p>Seeing analysts dig in with warnings of lower price targets amid a rally, especially in cyclical stocks, is noteworthy.</p><p><blockquote>值得注意的是，分析师在反弹期间不断发出降低目标价的警告，尤其是周期性股票。</blockquote></p><p><b>S&amp;P 500 Analysts Are Actually Bullish</b></p><p><blockquote><b>标普500分析师实际上看涨</b></blockquote></p><p>Analysts have pounded the table warning of overvaluation of Tesla stock. And they also cautioned on shares of <b>ViacomCBS</b> and <b>Discovery</b> before they sold off.</p><p><blockquote>分析师对特斯拉股票估值过高发出警告。他们还对股票发出警告<b>ViacomCBS</b>和<b>发现</b>在他们卖掉之前。</blockquote></p><p>But overall, analysts — like usual — are mostly bullish on S&amp;P 500 stocks. Analysts' 12-month price targets on the individual stocks in the S&amp;P 500 are 6.5% higher than Friday's closing prices.</p><p><blockquote>但总体而言，分析师与往常一样大多看好标普500股票。分析师对标普500个股的12个月目标价较周五收盘价上涨6.5%。</blockquote></p><p>And fundamentals back up the bullishness. Already this year, 60 companies told analysts their earnings in the current quarter will be better than they previously estimated, says John Butters, earnings analyst at Factset.</p><p><blockquote>基本面支持看涨情绪。Factset盈利分析师约翰·巴特斯(John Butters)表示，今年已有60家公司告诉分析师，他们本季度的盈利将好于之前的预期。</blockquote></p><p>That's the highest number of S&amp;P 500 companies issuing positive guidance for a quarter since at least 2006. Only about half that many companies were so positive on the same quarter a year ago. And that in turn means analysts now think S&amp;P 500 companies' profit will jump 23.3% in the first quarter. They only saw a 15.8% jump in first quarter profit at the end of 2020.</p><p><blockquote>这是至少自2006年以来季度发布积极指引的标普500公司数量最多的一次。一年前同一季度，只有大约一半的公司如此乐观。这反过来意味着分析师现在认为标普500公司第一季度的利润将增长23.3%。截至2020年底，他们第一季度利润仅增长了15.8%。</blockquote></p><p><b>But Analysts See Pockets Of Overvaluation</b></p><p><blockquote><b>但分析师认为部分地区估值过高</b></blockquote></p><p>American Airlines is the S&amp;P 500 stock analysts think is way beyond where it should be. And it's easy to see why.</p><p><blockquote>分析师认为美国航空的标普500股票远远超出了应有的水平。原因显而易见。</blockquote></p><p>Just this year, the airline's shares soared 45.4% to 22.93 a share. New investors piled into the airline's shares, even though it lost roughly $9 billion in 2020 as the pandemic all but shut down air travel. Analysts see a comeback, sort of. American is expected to only lose roughly $4 billion, or $7.61 a share, in 2021. But profitability isn't seen until 2022.</p><p><blockquote>就在今年，该航空公司的股价飙升45.4%，至每股22.93美元。尽管由于疫情几乎关闭了航空旅行，该航空公司在2020年损失了约90亿美元，但新投资者还是涌入了该航空公司的股票。分析师认为某种程度上会卷土重来。美国航空预计2021年仅亏损约40亿美元，即每股7.61美元。但要到2022年才能实现盈利。</blockquote></p><p>As a result, analysts' 12-month price target on American is just 15.47 a share. If that's right, it means the stock is 33% overvalued. And it doesn't have strong enough fundamentals to hold it up, either. The company's IBD Composite Rating is just 45. Do you know what to look at before buying American's stock?</p><p><blockquote>因此，分析师对美国航空的12个月目标价仅为每股15.47美元。如果这是正确的，这意味着该股被高估了33%。而且它也没有足够强大的基本面来支撑它。该公司的IBD综合评级仅为45。你知道在购买美国航空公司的股票之前要看什么吗？</blockquote></p><p>Also in the industrials sector, analysts think tool seller Snap-on ran up too far, as well. Shares are up more than 34% this year to 229.63.</p><p><blockquote>同样在工业领域，分析师认为工具销售商Snap安也涨得太远了。今年股价上涨超过34%，至229.63点。</blockquote></p><p>Unlike American, Snap-on has the fundamentals to back it up.</p><p><blockquote>与美国不同，Snap安有基本面支持。</blockquote></p><p>It sports a Composite Rating of 88. Snap-on's adjusted profit per share is seen hitting $12.44 in 2021, up nearly 7% from 2020. But again, analysts think the bulls are getting carried away. After all, profit fell 5% in 2020. So analysts think the company is only worth 190.33 a share in 12 months, or 16% less than it's trading now.</p><p><blockquote>它的综合评分为88分。Snap-安预计2021年调整后每股利润将达到12.44美元，比2020年增长近7%。但分析师再次认为多头正在得意忘形。毕竟，2020年利润下降了5%。因此，分析师认为该公司12个月内每股价值仅为190.33美元，比目前的交易价格低16%。</blockquote></p><p><b>Watch Out For S&amp;P 500 Dividend Darlings</b></p><p><blockquote><b>留意标普500股息宠儿</b></blockquote></p><p>High dividend payers in the S&amp;P 500 are setting the markets on fire. All eight of the top yielding stocks in the S&amp;P 500 are topping the index in 2021 so far. And that includes voice and data networking company, Lumen.</p><p><blockquote>标普500的高股息支付者正在点燃市场。到目前为止，标普500中收益最高的八只股票都在2021年高居该指数榜首。其中包括语音和数据网络公司Lumen。</blockquote></p><p>Lumen is known for its whopping 7.4% dividend yield. That's solid in a world when the S&amp;P 500 yields just 1.5%. But it's even more famous among investors this year for a 35% jump in its stock price to 13.16. It's not exactly a screamingly positive fundamental story, either. Profit per share rose 26.5% in 2020. But profit is seen dropping 6.5% in 2021.</p><p><blockquote>Lumen以其高达7.4%的股息收益率而闻名。在标普500收益率仅为1.5%的世界里，这是可靠的。但今年它在投资者中更加出名，因为它的股价上涨了35%，达到13.16。这也不是一个非常积极的基本面故事。2020年每股利润增长26.5%。但预计2021年利润将下降6.5%。</blockquote></p><p>Analysts just think it's not worth what investors are paying. They're calling for Lumen to trade for 10.78 a share in 12 months, or 18% less than it is now.</p><p><blockquote>分析师只是认为这不值得投资者支付的费用。他们呼吁Lumen在12个月内的交易价格为每股10.78美元，比现在低18%。</blockquote></p><p>It goes without saying analysts aren't always right. They're often wrong. But their warnings this year on S&amp;P 500 high-flyers, though, have been spot on so worth at least listening to.</p><p><blockquote>不用说，分析师并不总是对的。他们经常是错的。但他们今年对标普500雄心勃勃的人的警告非常准确，至少值得一听。</blockquote></p><p><b>The Most Overvalued S&amp;P 500 Stocks: Analysts</b></p><p><blockquote><b>最被高估的标普500股票：分析师</b></blockquote></p><p></p><p><table><thead><tr><th>Company</th><th>Symbol</th><th>Target Price*</th><th>Stock YTD % Ch.</th><th>Implied Downside*</th><th>Sector</th><th>Composite Rating</th></tr></thead><tbody><tr><td>American Airlines</td><td></td><td>15.47</td><td>45.4%</td><td><b>-32.5%</b></td><td>Industrials</td><td>45</td></tr><tr><td>Lumen Technologies</td><td></td><td>10.78</td><td>35.0%</td><td><b>-18.1%</b></td><td>Communication Services</td><td>61</td></tr><tr><td>Snap-on</td><td></td><td>190.33</td><td>34.2%</td><td><b>-17.1%</b></td><td>Industrials</td><td>88</td></tr><tr><td>Nucor</td><td></td><td>66.38</td><td>49.1%</td><td><b>-16.3%</b></td><td>Materials</td><td>97</td></tr><tr><td>Expeditors International of Washington</td><td></td><td>91.64</td><td>13.3%</td><td><b>-15.0%</b></td><td>Industrials</td><td>80</td></tr><tr><td>Franklin Resources</td><td></td><td>25.47</td><td>17.6%</td><td><b>-13.4%</b></td><td>Financials</td><td>79</td></tr><tr><td>Genuine Parts</td><td></td><td>104.33</td><td>18.0%</td><td><b>-12.0%</b></td><td>Consumer Discretionary</td><td>64</td></tr><tr><td>Whirlpool</td><td></td><td>196.44</td><td>23.6%</td><td><b>-11.9%</b></td><td>Consumer Discretionary</td><td>91</td></tr><tr><td>Iron Mountain</td><td></td><td>33.25</td><td>26.5%</td><td><b>-10.8%</b></td><td>Real Estate</td><td>70</td></tr><tr><td>Unum</td><td></td><td>24.73</td><td>20.8%</td><td><b>-10.8%</b></td><td>Financials</td><td>59</td></tr><tr><td>A. O. Smith</td><td></td><td>62.11</td><td>26.8%</td><td><b>-10.6%</b></td><td>Industrials</td><td>74</td></tr></tbody></table><h5>Sources: IBD, S&amp;P Global Market Intelligence, * — based on analysts' 12-month price target</h5></p><p><blockquote><table><thead><tr><th>公司</th><th>象征</th><th>目标价格*</th><th>股票年初至今%Ch。</th><th>隐含的负面影响*</th><th>部门</th><th>综合评级</th></tr></thead><tbody><tr><td>美国航空公司</td><td></td><td>15.47</td><td>45.4%</td><td><b>-32.5%</b></td><td>工业</td><td>45</td></tr><tr><td>流明技术</td><td></td><td>10.78</td><td>35.0%</td><td><b>-18.1%</b></td><td>通讯服务</td><td>61</td></tr><tr><td>Snap-on</td><td></td><td>190.33</td><td>34.2%</td><td><b>-17.1%</b></td><td>工业</td><td>88</td></tr><tr><td>纽科尔</td><td></td><td>66.38</td><td>49.1%</td><td><b>-16.3%</b></td><td>材料</td><td>97</td></tr><tr><td>华盛顿国际快递公司</td><td></td><td>91.64</td><td>13.3%</td><td><b>-15.0%</b></td><td>工业</td><td>80</td></tr><tr><td>富兰克林资源公司</td><td></td><td>25.47</td><td>17.6%</td><td><b>-13.4%</b></td><td>财务</td><td>79</td></tr><tr><td>正品零件</td><td></td><td>104.33</td><td>18.0%</td><td><b>-12.0%</b></td><td>非必需消费品</td><td>64</td></tr><tr><td>漩涡</td><td></td><td>196.44</td><td>23.6%</td><td><b>-11.9%</b></td><td>非必需消费品</td><td>91</td></tr><tr><td>铁山</td><td></td><td>33.25</td><td>26.5%</td><td><b>-10.8%</b></td><td>房地产</td><td>70</td></tr><tr><td>尤努姆</td><td></td><td>24.73</td><td>20.8%</td><td><b>-10.8%</b></td><td>财务</td><td>59</td></tr><tr><td>A.O.史密斯</td><td></td><td>62.11</td><td>26.8%</td><td><b>-10.6%</b></td><td>工业</td><td>74</td></tr></tbody></table><h5>资料来源：IBD、标准普尔全球市场情报*——基于分析师12个月目标价</h5></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9fa7c522340c9f1e78e78f0c1543440e","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SPY":"标普500ETF","SSO":"2倍做多标普500ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares","SPXU":"三倍做空标普500ETF-ProShares","IVV":"标普500ETF-iShares","SDS":"两倍做空标普500 ETF-ProShares","OEX":"标普100","OEF":"标普100指数ETF-iShares",".SPX":"S&P 500 Index","SH":"做空标普500-Proshares"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2123607230","content_text":"Analysts called the Tesla crash and the big tumble in video streamers' stocks. But their warnings are still going unheeded on a number of S&P 500 companies.Nearly a dozen S&P 500 companies, including industrials American Airlines and Snap-on plus communications services Lumen Technologies are still grossly overvalued compared to analysts' 12-month price targets on the stocks, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith.By analysts' estimates, all 11 of these S&P 500 stocks are at least 10% overvalued. And the warnings come amid big run-ups in most of them. Investors are piling into stocks thought to benefit from a stronger economy. The 11 stocks are up an average 28.2% this year, while the SPDR S&P 500 ETF Trust is up just 5.9%. What's more, eight of the 11 are up 20% or more in 2021 so far.Seeing analysts dig in with warnings of lower price targets amid a rally, especially in cyclical stocks, is noteworthy.S&P 500 Analysts Are Actually BullishAnalysts have pounded the table warning of overvaluation of Tesla stock. And they also cautioned on shares of ViacomCBS and Discovery before they sold off.But overall, analysts — like usual — are mostly bullish on S&P 500 stocks. Analysts' 12-month price targets on the individual stocks in the S&P 500 are 6.5% higher than Friday's closing prices.And fundamentals back up the bullishness. Already this year, 60 companies told analysts their earnings in the current quarter will be better than they previously estimated, says John Butters, earnings analyst at Factset.That's the highest number of S&P 500 companies issuing positive guidance for a quarter since at least 2006. Only about half that many companies were so positive on the same quarter a year ago. And that in turn means analysts now think S&P 500 companies' profit will jump 23.3% in the first quarter. They only saw a 15.8% jump in first quarter profit at the end of 2020.But Analysts See Pockets Of OvervaluationAmerican Airlines is the S&P 500 stock analysts think is way beyond where it should be. And it's easy to see why.Just this year, the airline's shares soared 45.4% to 22.93 a share. New investors piled into the airline's shares, even though it lost roughly $9 billion in 2020 as the pandemic all but shut down air travel. Analysts see a comeback, sort of. American is expected to only lose roughly $4 billion, or $7.61 a share, in 2021. But profitability isn't seen until 2022.As a result, analysts' 12-month price target on American is just 15.47 a share. If that's right, it means the stock is 33% overvalued. And it doesn't have strong enough fundamentals to hold it up, either. The company's IBD Composite Rating is just 45. Do you know what to look at before buying American's stock?Also in the industrials sector, analysts think tool seller Snap-on ran up too far, as well. Shares are up more than 34% this year to 229.63.Unlike American, Snap-on has the fundamentals to back it up.It sports a Composite Rating of 88. Snap-on's adjusted profit per share is seen hitting $12.44 in 2021, up nearly 7% from 2020. But again, analysts think the bulls are getting carried away. After all, profit fell 5% in 2020. So analysts think the company is only worth 190.33 a share in 12 months, or 16% less than it's trading now.Watch Out For S&P 500 Dividend DarlingsHigh dividend payers in the S&P 500 are setting the markets on fire. All eight of the top yielding stocks in the S&P 500 are topping the index in 2021 so far. And that includes voice and data networking company, Lumen.Lumen is known for its whopping 7.4% dividend yield. That's solid in a world when the S&P 500 yields just 1.5%. But it's even more famous among investors this year for a 35% jump in its stock price to 13.16. It's not exactly a screamingly positive fundamental story, either. Profit per share rose 26.5% in 2020. But profit is seen dropping 6.5% in 2021.Analysts just think it's not worth what investors are paying. They're calling for Lumen to trade for 10.78 a share in 12 months, or 18% less than it is now.It goes without saying analysts aren't always right. They're often wrong. But their warnings this year on S&P 500 high-flyers, though, have been spot on so worth at least listening to.The Most Overvalued S&P 500 Stocks: AnalystsCompanySymbolTarget Price*Stock YTD % Ch.Implied Downside*SectorComposite RatingAmerican Airlines15.4745.4%-32.5%Industrials45Lumen Technologies10.7835.0%-18.1%Communication Services61Snap-on190.3334.2%-17.1%Industrials88Nucor66.3849.1%-16.3%Materials97Expeditors International of Washington91.6413.3%-15.0%Industrials80Franklin Resources25.4717.6%-13.4%Financials79Genuine Parts104.3318.0%-12.0%Consumer Discretionary64Whirlpool196.4423.6%-11.9%Consumer Discretionary91Iron Mountain33.2526.5%-10.8%Real Estate70Unum24.7320.8%-10.8%Financials59A. O. Smith62.1126.8%-10.6%Industrials74Sources: IBD, S&P Global Market Intelligence, * — based on analysts' 12-month price target","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"SDS":0.9,"IVV":0.9,"OEX":0.9,"SSO":0.9,".SPX":0.9,"SH":0.9,"UPRO":0.9,"SPY":0.9,"SPXU":0.9,"OEF":0.9,"ESmain":0.9}},"isVote":1,"tweetType":1,"viewCount":176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188734036,"gmtCreate":1623461609625,"gmtModify":1634032908626,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574286103228100","authorIdStr":"3574286103228100"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/188734036","repostId":"2142204074","repostType":4,"isVote":1,"tweetType":1,"viewCount":461,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195108791,"gmtCreate":1621260458413,"gmtModify":1634192956980,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574286103228100","authorIdStr":"3574286103228100"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/195108791","repostId":"2135984810","repostType":4,"isVote":1,"tweetType":1,"viewCount":547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":105202855,"gmtCreate":1620303585077,"gmtModify":1634206251696,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574286103228100","authorIdStr":"3574286103228100"},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/105202855","repostId":"2133387578","repostType":4,"isVote":1,"tweetType":1,"viewCount":472,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":180243999,"gmtCreate":1623208566011,"gmtModify":1634035780230,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574286103228100","authorIdStr":"3574286103228100"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/180243999","repostId":"1128909306","repostType":4,"repost":{"id":"1128909306","kind":"news","pubTimestamp":1623193560,"share":"https://www.laohu8.com/m/news/1128909306?lang=zh_CN&edition=full","pubTime":"2021-06-09 07:06","market":"us","language":"en","title":"S&P 500 closes little changed as \"meme stocks\" extend rally<blockquote>随着“模因股”延续涨势，标普500收盘变化不大</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1128909306","media":"reuters","summary":"NEW YORK (Reuters) - Wall Street stocks struggled to eke out closing gains on Tuesday as a lack of c","content":"<p>NEW YORK (Reuters) - Wall Street stocks struggled to eke out closing gains on Tuesday as a lack of clear market catalysts kept institutional investors on the sidelines, while retail traders fueled the ongoing meme stocks rally.</p><p><blockquote>纽约（路透社）-华尔街股市周二难以勉强维持收盘涨幅，因为缺乏明确的市场催化剂使机构投资者保持观望，而散户交易者则推动了模因股的持续上涨。</blockquote></p><p>All three major U.S. stock indexes ended the range-bound session near flat or higher, with the S&amp;P 500 and the Dow closing within about 0.5% of record highs.</p><p><blockquote>美国三大股指均在接近持平或走高的区间震荡时段结束，标普500和道指收盘距离纪录高位约0.5%。</blockquote></p><p>The tech-laded Nasdaq Composite fared best, with Amazon.com Inc and Apple Inc providing the biggest boost.</p><p><blockquote>以科技股为主的纳斯达克综合指数表现最佳，其中亚马逊公司和苹果公司的推动作用最大。</blockquote></p><p>“We’re waiting for inflation numbers, waiting for more from the (Federal Reserve), waiting for earnings season,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “There’s not a lot motivating the market today.”</p><p><blockquote>芝加哥Kingsview资产管理公司的投资组合经理Paul Nolte表示：“我们正在等待通胀数据，等待（美联储）的更多数据，等待财报季。”“今天市场没有太多动力。”</blockquote></p><p>“We’re in this twilight zone until probably right after the Fourth of July, when we see earnings season kick in,” Nolte added.</p><p><blockquote>诺尔特补充道：“我们可能会在7月4日之后才会看到财报季开始。”</blockquote></p><p>The CBOE volatility index, a measure of investor anxiety, touched its lowest level in over a year.</p><p><blockquote>衡量投资者焦虑程度的芝加哥期权交易所波动率指数触及一年多来的最低水平。</blockquote></p><p>Smallcaps, once again buoyed by the ongoing meme stock retail frenzy, were outperforming their larger counterparts.</p><p><blockquote>小型股再次受到持续的模因股票零售狂潮的提振，表现优于大型股。</blockquote></p><p>Clover Health Investments seized top billing among meme stocks, surging 85.8%, the biggest percentage winner in the Nasdaq.</p><p><blockquote>Clover Health Investments在meme股票中占据榜首，飙升85.8%，成为纳斯达克涨幅最大的股票。</blockquote></p><p>Other stocks whose recent explosive trading volumes have been attributed to social media buzz, including GameStop Corp, Bed Bath &amp; Beyond Inc, Workhorse Group and others, ended the session between 7% and 12% higher.</p><p><blockquote>其他近期交易量爆炸性的股票，包括游戏驿站公司、Bed Bath&amp;Beyond Inc、Workhorse Group等，收盘上涨7%至12%。</blockquote></p><p>“(Meme stocks) are where the action is, but you flip it over and look crypto and that’s a mess,” Nolte said. “Now the meme stocks are taking over from crypto as the place to be and it’s all a consequence of very easy monetary policy.”</p><p><blockquote>诺尔特说：“（模因股票）是行动所在，但你把它翻过来，看起来像加密货币，那就一团糟了。”“现在，模因股票正在取代加密货币成为热门，这都是非常宽松的货币政策的结果。”</blockquote></p><p>Reports from the U.S. Labor Department and National Federation of Independent Business appeared to confirm a labor shortage even as demand roars back to life, which could put upward pressure on wages, a precursor to wider inflation.</p><p><blockquote>美国劳工部和全国独立企业联合会的报告似乎证实了劳动力短缺，尽管需求复苏，这可能会给工资带来上行压力，这是更广泛通胀的前兆。</blockquote></p><p>Market participants look to Thursday’s consumer price index data for further clues regarding inflation, and how it could influence the Federal Reserve’s timetable for tightening its monetary policy.</p><p><blockquote>市场参与者从周四的消费者价格指数数据中寻找有关通胀的进一步线索，以及通胀如何影响美联储收紧货币政策的时间表。</blockquote></p><p>The Dow Jones Industrial Average fell 30.42 points, or 0.09%, to 34,599.82; the S&amp;P 500 gained 0.74 points, or 0.02%, at 4,227.26; and the Nasdaq Composite added 43.19 points, or 0.31%, at 13,924.91.</p><p><blockquote>道琼工业指数跌30.42点，或0.09%，报34,599.82点；标普500上涨0.74点，涨幅0.02%，至4,227.26点；纳斯达克综合指数上涨43.19点，涨幅0.31%，至13,924.91点。</blockquote></p><p>Of the 11 major sectors in the S&amp;P 500, consumer discretionary enjoyed the biggest percentage gain, and utilities suffered the largest loss.</p><p><blockquote>标普500 11个主要板块中，非必需消费品涨幅最大，公用事业跌幅最大。</blockquote></p><p>Sales of Tesla Inc’s China-made electric cars jumped in May by 29%, marking a 177% year-on-year increase, according to the China Passenger Car Association. The stock erased initial gains on the news to close down 0.3%.</p><p><blockquote>根据中国乘用车协会的数据，特斯拉公司5月份中国制造的电动汽车销量猛增29%，同比增长177%。受此消息影响，该股抹去了最初的涨幅，收盘下跌0.3%。</blockquote></p><p>Boeing Co shares were boosted by Southwest Airlines’ announcement that it had ordered 34 new 737 MAX aircraft, but the planemaker’s shares pared gains to end the session flat.</p><p><blockquote>西南航空宣布订购34架新737 MAX飞机，提振了波音公司股价，但该飞机制造商股价回吐涨幅，收盘持平。</blockquote></p><p>GameStop, the company most closely associated with the Reddit-driven short squeeze phenomenon, is expected to report quarterly results after markets close on Wednesday.</p><p><blockquote>游戏驿站是与Reddit驱动的轧空现象关系最密切的公司，预计将在周三收盘后公布季度业绩。</blockquote></p><p>Advancing issues outnumbered decliners on the NYSE by a 1.74-to-1 ratio; on Nasdaq, a 1.66-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股与下跌股的比例为1.74比1；在纳斯达克，1.66比1的比率有利于上涨者。</blockquote></p><p>The S&amp;P 500 posted 54 new 52-week highs and one new low; the Nasdaq Composite recorded 172 new highs and 16 new lows.</p><p><blockquote>标普500创下54个52周新高和1个新低；纳斯达克综合指数录得172个新高和16个新低。</blockquote></p><p>Volume on U.S. exchanges was 11.82 billion shares, compared with the 10.75 billion average over the last 20 trading days.</p><p><blockquote>美国交易所成交量为118.2亿股，而过去20个交易日的平均成交量为107.5亿股。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 closes little changed as \"meme stocks\" extend rally<blockquote>随着“模因股”延续涨势，标普500收盘变化不大</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">reuters</strong><span class=\"h-time small\">2021-06-09 07:06</span>\n</p>\n</h4>\n</header>\n<article>\n<p>NEW YORK (Reuters) - Wall Street stocks struggled to eke out closing gains on Tuesday as a lack of clear market catalysts kept institutional investors on the sidelines, while retail traders fueled the ongoing meme stocks rally.</p><p><blockquote>纽约（路透社）-华尔街股市周二难以勉强维持收盘涨幅，因为缺乏明确的市场催化剂使机构投资者保持观望，而散户交易者则推动了模因股的持续上涨。</blockquote></p><p>All three major U.S. stock indexes ended the range-bound session near flat or higher, with the S&amp;P 500 and the Dow closing within about 0.5% of record highs.</p><p><blockquote>美国三大股指均在接近持平或走高的区间震荡时段结束，标普500和道指收盘距离纪录高位约0.5%。</blockquote></p><p>The tech-laded Nasdaq Composite fared best, with Amazon.com Inc and Apple Inc providing the biggest boost.</p><p><blockquote>以科技股为主的纳斯达克综合指数表现最佳，其中亚马逊公司和苹果公司的推动作用最大。</blockquote></p><p>“We’re waiting for inflation numbers, waiting for more from the (Federal Reserve), waiting for earnings season,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “There’s not a lot motivating the market today.”</p><p><blockquote>芝加哥Kingsview资产管理公司的投资组合经理Paul Nolte表示：“我们正在等待通胀数据，等待（美联储）的更多数据，等待财报季。”“今天市场没有太多动力。”</blockquote></p><p>“We’re in this twilight zone until probably right after the Fourth of July, when we see earnings season kick in,” Nolte added.</p><p><blockquote>诺尔特补充道：“我们可能会在7月4日之后才会看到财报季开始。”</blockquote></p><p>The CBOE volatility index, a measure of investor anxiety, touched its lowest level in over a year.</p><p><blockquote>衡量投资者焦虑程度的芝加哥期权交易所波动率指数触及一年多来的最低水平。</blockquote></p><p>Smallcaps, once again buoyed by the ongoing meme stock retail frenzy, were outperforming their larger counterparts.</p><p><blockquote>小型股再次受到持续的模因股票零售狂潮的提振，表现优于大型股。</blockquote></p><p>Clover Health Investments seized top billing among meme stocks, surging 85.8%, the biggest percentage winner in the Nasdaq.</p><p><blockquote>Clover Health Investments在meme股票中占据榜首，飙升85.8%，成为纳斯达克涨幅最大的股票。</blockquote></p><p>Other stocks whose recent explosive trading volumes have been attributed to social media buzz, including GameStop Corp, Bed Bath &amp; Beyond Inc, Workhorse Group and others, ended the session between 7% and 12% higher.</p><p><blockquote>其他近期交易量爆炸性的股票，包括游戏驿站公司、Bed Bath&amp;Beyond Inc、Workhorse Group等，收盘上涨7%至12%。</blockquote></p><p>“(Meme stocks) are where the action is, but you flip it over and look crypto and that’s a mess,” Nolte said. “Now the meme stocks are taking over from crypto as the place to be and it’s all a consequence of very easy monetary policy.”</p><p><blockquote>诺尔特说：“（模因股票）是行动所在，但你把它翻过来，看起来像加密货币，那就一团糟了。”“现在，模因股票正在取代加密货币成为热门，这都是非常宽松的货币政策的结果。”</blockquote></p><p>Reports from the U.S. Labor Department and National Federation of Independent Business appeared to confirm a labor shortage even as demand roars back to life, which could put upward pressure on wages, a precursor to wider inflation.</p><p><blockquote>美国劳工部和全国独立企业联合会的报告似乎证实了劳动力短缺，尽管需求复苏，这可能会给工资带来上行压力，这是更广泛通胀的前兆。</blockquote></p><p>Market participants look to Thursday’s consumer price index data for further clues regarding inflation, and how it could influence the Federal Reserve’s timetable for tightening its monetary policy.</p><p><blockquote>市场参与者从周四的消费者价格指数数据中寻找有关通胀的进一步线索，以及通胀如何影响美联储收紧货币政策的时间表。</blockquote></p><p>The Dow Jones Industrial Average fell 30.42 points, or 0.09%, to 34,599.82; the S&amp;P 500 gained 0.74 points, or 0.02%, at 4,227.26; and the Nasdaq Composite added 43.19 points, or 0.31%, at 13,924.91.</p><p><blockquote>道琼工业指数跌30.42点，或0.09%，报34,599.82点；标普500上涨0.74点，涨幅0.02%，至4,227.26点；纳斯达克综合指数上涨43.19点，涨幅0.31%，至13,924.91点。</blockquote></p><p>Of the 11 major sectors in the S&amp;P 500, consumer discretionary enjoyed the biggest percentage gain, and utilities suffered the largest loss.</p><p><blockquote>标普500 11个主要板块中，非必需消费品涨幅最大，公用事业跌幅最大。</blockquote></p><p>Sales of Tesla Inc’s China-made electric cars jumped in May by 29%, marking a 177% year-on-year increase, according to the China Passenger Car Association. The stock erased initial gains on the news to close down 0.3%.</p><p><blockquote>根据中国乘用车协会的数据，特斯拉公司5月份中国制造的电动汽车销量猛增29%，同比增长177%。受此消息影响，该股抹去了最初的涨幅，收盘下跌0.3%。</blockquote></p><p>Boeing Co shares were boosted by Southwest Airlines’ announcement that it had ordered 34 new 737 MAX aircraft, but the planemaker’s shares pared gains to end the session flat.</p><p><blockquote>西南航空宣布订购34架新737 MAX飞机，提振了波音公司股价，但该飞机制造商股价回吐涨幅，收盘持平。</blockquote></p><p>GameStop, the company most closely associated with the Reddit-driven short squeeze phenomenon, is expected to report quarterly results after markets close on Wednesday.</p><p><blockquote>游戏驿站是与Reddit驱动的轧空现象关系最密切的公司，预计将在周三收盘后公布季度业绩。</blockquote></p><p>Advancing issues outnumbered decliners on the NYSE by a 1.74-to-1 ratio; on Nasdaq, a 1.66-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股与下跌股的比例为1.74比1；在纳斯达克，1.66比1的比率有利于上涨者。</blockquote></p><p>The S&amp;P 500 posted 54 new 52-week highs and one new low; the Nasdaq Composite recorded 172 new highs and 16 new lows.</p><p><blockquote>标普500创下54个52周新高和1个新低；纳斯达克综合指数录得172个新高和16个新低。</blockquote></p><p>Volume on U.S. exchanges was 11.82 billion shares, compared with the 10.75 billion average over the last 20 trading days.</p><p><blockquote>美国交易所成交量为118.2亿股，而过去20个交易日的平均成交量为107.5亿股。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-closes-little-changed-as-meme-stocks-extend-rally-idUSL2N2NQ2NX\">reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CLOV":"Clover Health Corp",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-closes-little-changed-as-meme-stocks-extend-rally-idUSL2N2NQ2NX","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128909306","content_text":"NEW YORK (Reuters) - Wall Street stocks struggled to eke out closing gains on Tuesday as a lack of clear market catalysts kept institutional investors on the sidelines, while retail traders fueled the ongoing meme stocks rally.All three major U.S. stock indexes ended the range-bound session near flat or higher, with the S&P 500 and the Dow closing within about 0.5% of record highs.The tech-laded Nasdaq Composite fared best, with Amazon.com Inc and Apple Inc providing the biggest boost.“We’re waiting for inflation numbers, waiting for more from the (Federal Reserve), waiting for earnings season,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “There’s not a lot motivating the market today.”“We’re in this twilight zone until probably right after the Fourth of July, when we see earnings season kick in,” Nolte added.The CBOE volatility index, a measure of investor anxiety, touched its lowest level in over a year.Smallcaps, once again buoyed by the ongoing meme stock retail frenzy, were outperforming their larger counterparts.Clover Health Investments seized top billing among meme stocks, surging 85.8%, the biggest percentage winner in the Nasdaq.Other stocks whose recent explosive trading volumes have been attributed to social media buzz, including GameStop Corp, Bed Bath & Beyond Inc, Workhorse Group and others, ended the session between 7% and 12% higher.“(Meme stocks) are where the action is, but you flip it over and look crypto and that’s a mess,” Nolte said. “Now the meme stocks are taking over from crypto as the place to be and it’s all a consequence of very easy monetary policy.”Reports from the U.S. Labor Department and National Federation of Independent Business appeared to confirm a labor shortage even as demand roars back to life, which could put upward pressure on wages, a precursor to wider inflation.Market participants look to Thursday’s consumer price index data for further clues regarding inflation, and how it could influence the Federal Reserve’s timetable for tightening its monetary policy.The Dow Jones Industrial Average fell 30.42 points, or 0.09%, to 34,599.82; the S&P 500 gained 0.74 points, or 0.02%, at 4,227.26; and the Nasdaq Composite added 43.19 points, or 0.31%, at 13,924.91.Of the 11 major sectors in the S&P 500, consumer discretionary enjoyed the biggest percentage gain, and utilities suffered the largest loss.Sales of Tesla Inc’s China-made electric cars jumped in May by 29%, marking a 177% year-on-year increase, according to the China Passenger Car Association. The stock erased initial gains on the news to close down 0.3%.Boeing Co shares were boosted by Southwest Airlines’ announcement that it had ordered 34 new 737 MAX aircraft, but the planemaker’s shares pared gains to end the session flat.GameStop, the company most closely associated with the Reddit-driven short squeeze phenomenon, is expected to report quarterly results after markets close on Wednesday.Advancing issues outnumbered decliners on the NYSE by a 1.74-to-1 ratio; on Nasdaq, a 1.66-to-1 ratio favored advancers.The S&P 500 posted 54 new 52-week highs and one new low; the Nasdaq Composite recorded 172 new highs and 16 new lows.Volume on U.S. exchanges was 11.82 billion shares, compared with the 10.75 billion average over the last 20 trading days.","news_type":1,"symbols_score_info":{"CLOV":0.9,".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":270,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":115734080,"gmtCreate":1623030292540,"gmtModify":1634096085462,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574286103228100","authorIdStr":"3574286103228100"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/115734080","repostId":"2141926289","repostType":4,"isVote":1,"tweetType":1,"viewCount":559,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190871103,"gmtCreate":1620612822402,"gmtModify":1634197698267,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574286103228100","authorIdStr":"3574286103228100"},"themes":[],"htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/190871103","repostId":"2134686276","repostType":4,"isVote":1,"tweetType":1,"viewCount":541,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371562463,"gmtCreate":1618961702152,"gmtModify":1634289650470,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574286103228100","authorIdStr":"3574286103228100"},"themes":[],"htmlText":"No sense no pattern. Like and comment. Thanks!","listText":"No sense no pattern. Like and comment. Thanks!","text":"No sense no pattern. Like and comment. Thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/371562463","repostId":"2129289138","repostType":4,"isVote":1,"tweetType":1,"viewCount":453,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113880578,"gmtCreate":1622602949194,"gmtModify":1634100017049,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574286103228100","authorIdStr":"3574286103228100"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/113880578","repostId":"1106176005","repostType":4,"repost":{"id":"1106176005","kind":"news","pubTimestamp":1622588821,"share":"https://www.laohu8.com/m/news/1106176005?lang=zh_CN&edition=full","pubTime":"2021-06-02 07:07","market":"us","language":"en","title":"S&P 500 dips, as healthcare weighs; Dow ends higher<blockquote>随着医疗保健的压力，标普500下跌；道指收高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1106176005","media":"Reuters","summary":"The S&P 500dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.The S&P 500 financial sectorhit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector3.9%, its biggest $one$-day gain in nearly four months. The heavyweight tech sectorfell while the healthcare sectorwas dragged down by a weak profit forec","content":"<p>The S&amp;P 500(.SPX)dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.</p><p><blockquote>标普500(.SPX)周二下跌，医疗保健和科技股的下跌被能源和金融股的上涨所抵消，投资者权衡最新的美国经济数据是否有反弹和通胀上升的迹象。</blockquote></p><p>The S&amp;P 500 financial sector(.SPSY)hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector(.SPNY)3.9%, its biggest <a href=\"https://laohu8.com/S/AONE\">one</a>-day gain in nearly four months. The heavyweight tech sector(.SPLRCT)fell while the healthcare sector(.SPXHC)was dragged down by a weak profit forecast from <a href=\"https://laohu8.com/S/ABT\">Abbott Laboratories</a>(ABT.N).</p><p><blockquote>标普500金融板块(.SPSY)创历史新高，而燃料需求预期增长提振油价，并帮助提振能源板块(.SPNY)上涨3.9%，为最大<a href=\"https://laohu8.com/S/AONE\">一</a>-近四个月来的日涨幅。重量级科技板块(.SPLRCT)下跌，而医疗保健板块(.SPXHC)则受到来自<a href=\"https://laohu8.com/S/ABT\">雅培实验室</a>（N部）。</blockquote></p><p>Data showed U.S.manufacturing activity pickedup in May as pent-up demand in a reopening economy boosted orders. But unfinished work piled up because of shortages of raw materials and labor.</p><p><blockquote>数据显示，由于经济重新开放中被压抑的需求提振了订单，美国5月份制造业活动有所回升。但由于原材料和劳动力短缺，未完成的工作堆积起来。</blockquote></p><p>\"People came back from a holiday weekend convinced that the economy is recovering nicely and that any inflation that we might be seeing in labor and other costs is temporary,\" Peter Tuz, president of <a href=\"https://laohu8.com/S/CCF\">Chase</a> Investment Counsel in Charlottesville, Virginia.</p><p><blockquote>“人们从假期周末回来后确信经济正在良好复苏，我们可能在劳动力和其他成本方面看到的任何通胀都是暂时的，”<a href=\"https://laohu8.com/S/CCF\">追逐</a>弗吉尼亚州夏洛茨维尔的投资顾问。</blockquote></p><p>The Dow Jones Industrial Average(.DJI)rose 45.86 points, or 0.13%, to 34,575.31; the S&amp;P 500(.SPX)lost 2.07 points, or 0.05%, at 4,202.04; and the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> Composite(.IXIC)dropped 12.26 points, or 0.09%, to 13,736.48.</p><p><blockquote>道琼工业指数(.DJI)涨45.86点，或0.13%，报34,575.31；标普500(.SPX)下跌2.07点，或0.05%，报4,202.04点；和<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>综合指数(.IXIC)下跌12.26点，或0.09%，至13,736.48点。</blockquote></p><p>Along with sharp gains for financials and energy, the small-cap Russell 2000(.RUT)rose 1.1% on Tuesday, underscoring strength for segments of the stock market expected to do particularly well in an expanding economy.</p><p><blockquote>随着金融和能源股的大幅上涨，小盘股罗素2000指数(.RUT)周二上涨1.1%，突显了预计在经济扩张中表现尤其出色的股市板块的强势。</blockquote></p><p>While the S&amp;P 500 remains less than 1% of its record high after four straight months of gains, investors are worried about whether rising inflation could hit equity prices.</p><p><blockquote>尽管标普500在连续四个月上涨后仍不到历史高点的1%，但投资者担心通胀上升是否会打击股价。</blockquote></p><p>\"We have supply chain issues, delays, price increases, pricing pressures in general, we have got employers saying they have got difficulty sourcing labor,\" said Kristina Hooper, chief global market strategist at <a href=\"https://laohu8.com/S/IVZ\">Invesco</a> in <a href=\"https://laohu8.com/S/NWY\">New York</a>.</p><p><blockquote>首席全球市场策略师克里斯蒂娜·胡珀(Kristina Hooper)表示：“我们面临供应链问题、延误、价格上涨、总体定价压力，雇主表示他们很难找到劳动力。”<a href=\"https://laohu8.com/S/IVZ\">景顺</a>在<a href=\"https://laohu8.com/S/NWY\">纽约</a>.</blockquote></p><p>\"So this is a microcosm of what we are already hearing about and seeing in the overall economy and it's just a reminder that inflation remains a concern.\"</p><p><blockquote>“因此，这是我们在整体经济中已经听到和看到的情况的一个缩影，它只是提醒人们通货膨胀仍然是一个问题。”</blockquote></p><p>A Wall St. sign is seen near the <a href=\"https://laohu8.com/S/NYRT\">New York</a> Stock Exchange (NYSE) in <a href=\"https://laohu8.com/S/NGD\">New</a> York <a href=\"https://laohu8.com/S/CHCO\">City</a>, U.S., May 4, 2021. REUTERS/Brendan McDermid/File Photo</p><p><blockquote>附近可以看到华尔街的标志<a href=\"https://laohu8.com/S/NYRT\">纽约</a>纽约证券交易所<a href=\"https://laohu8.com/S/NGD\">新的</a>约克<a href=\"https://laohu8.com/S/CHCO\">城市</a>，美国，2021年5月4日。路透社/Brendan McDermid/资料照片</blockquote></p><p>Stock markets on Friday brushed off a surge inkey inflation readingsfor April following reassurances from Federal Reserve officials that the central bank’s ultra-loose monetary policy would remain in place.</p><p><blockquote>在美联储官员保证央行超宽松货币政策将继续实施后，周五股市没有出现四月份关键通胀数据的飙升。</blockquote></p><p>Minneapolis Federal Reserve Bank President Neel Kashkari and Fed Vice Chair for supervision Randal Quarles on Tuesday reiterated the view that higher prices would be transitory.</p><p><blockquote>明尼阿波利斯联邦储备银行行长尼尔·卡什卡利和美联储负责监管的副主席兰德尔·夸尔斯周二重申了价格上涨将是暂时的观点。</blockquote></p><p>This week's focus will be on a raft of economic data, culminating with U.S. payrolls due on Friday.</p><p><blockquote>本周的焦点将是大量经济数据，最终将于周五公布的美国就业数据。</blockquote></p><p>Abbott Labs shares fell 9.3% after the company cut itsfull-year 2021 profit forecast, citing expectations for a sharp decline in revenue from its COVID-19 tests as more Americans get vaccinated. Shares of other test makers also fell.</p><p><blockquote>雅培实验室(Abbott Labs)下调2021年全年利润预期，理由是随着越来越多的美国人接种疫苗，预计其COVID-19检测收入将大幅下降，该公司股价下跌9.3%。其他测试制造商的股价也下跌。</blockquote></p><p>Cloudera Inc(CLDR.N)shares jumped 23.9% after private equity firms KKR &amp; Co(KKR.N)and Clayton Dubilier &amp; Rice LLCagreed to take the data analytics firm private.</p><p><blockquote>Cloudera Inc(CLDR.N)在私募股权公司KKR&amp;Co(KKR)之后，股价上涨23.9%。N)和Clayton Dubilier&amp;Rice LLCA同意将这家数据分析公司私有化。</blockquote></p><p>A group of“meme stocks” extended gainsfrom the previous week, with shares of <a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a> Holdings Inc(AMC.N)up 22.7% after the movie theater chain said it sold $230 million of its stock.</p><p><blockquote>一批“模因股”延续了前一周的涨幅，其中<a href=\"https://laohu8.com/S/AMC\">AMC院线</a>Holdings Inc(AMC.N)上涨22.7%，此前这家连锁电影院表示出售了价值2.3亿美元的股票。</blockquote></p><p>Advancing issues outnumbered decliners on the NYSE by a 2.54-to-1 ratio; on <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a>, a 1.79-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股与下跌股的比例为2.54比1；在<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>1.79比1的比率有利于上涨者。</blockquote></p><p>The S&amp;P 500 posted 73 new 52-week highs and no new lows; the Nasdaq Composite recorded 168 new highs and 25 new lows.</p><p><blockquote>标普500创下73个52周新高，无新低；纳斯达克综合指数录得168个新高和25个新低。</blockquote></p><p>About 10.7 billion shares changed hands in U.S. exchanges, compared with the 10.5 billion daily average over the last 20 sessions.</p><p><blockquote>美国交易所约有107亿股易手，而过去20个交易日的日均交易量为105亿股。</blockquote></p><p><b>Here are company's financial statements：</b></p><p><blockquote><b>以下是公司的财务报表：</b></blockquote></p><p><a href=\"https://laohu8.com/NW/1184181912\" target=\"_blank\"><b>Zoom reports blowout earnings but warns of a coming slowdown</b></a></p><p><blockquote><a href=\"https://laohu8.com/NW/1184181912\" target=\"_blank\"><b>Zoom报告盈利井喷，但警告即将放缓</b></a></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>S&P 500 dips, as healthcare weighs; Dow ends higher<blockquote>随着医疗保健的压力，标普500下跌；道指收高</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\">\nS&P 500 dips, as healthcare weighs; Dow ends higher<blockquote>随着医疗保健的压力，标普500下跌；道指收高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-06-02 07:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The S&amp;P 500(.SPX)dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.</p><p><blockquote>标普500(.SPX)周二下跌，医疗保健和科技股的下跌被能源和金融股的上涨所抵消，投资者权衡最新的美国经济数据是否有反弹和通胀上升的迹象。</blockquote></p><p>The S&amp;P 500 financial sector(.SPSY)hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector(.SPNY)3.9%, its biggest <a href=\"https://laohu8.com/S/AONE\">one</a>-day gain in nearly four months. The heavyweight tech sector(.SPLRCT)fell while the healthcare sector(.SPXHC)was dragged down by a weak profit forecast from <a href=\"https://laohu8.com/S/ABT\">Abbott Laboratories</a>(ABT.N).</p><p><blockquote>标普500金融板块(.SPSY)创历史新高，而燃料需求预期增长提振油价，并帮助提振能源板块(.SPNY)上涨3.9%，为最大<a href=\"https://laohu8.com/S/AONE\">一</a>-近四个月来的日涨幅。重量级科技板块(.SPLRCT)下跌，而医疗保健板块(.SPXHC)则受到来自<a href=\"https://laohu8.com/S/ABT\">雅培实验室</a>（N部）。</blockquote></p><p>Data showed U.S.manufacturing activity pickedup in May as pent-up demand in a reopening economy boosted orders. But unfinished work piled up because of shortages of raw materials and labor.</p><p><blockquote>数据显示，由于经济重新开放中被压抑的需求提振了订单，美国5月份制造业活动有所回升。但由于原材料和劳动力短缺，未完成的工作堆积起来。</blockquote></p><p>\"People came back from a holiday weekend convinced that the economy is recovering nicely and that any inflation that we might be seeing in labor and other costs is temporary,\" Peter Tuz, president of <a href=\"https://laohu8.com/S/CCF\">Chase</a> Investment Counsel in Charlottesville, Virginia.</p><p><blockquote>“人们从假期周末回来后确信经济正在良好复苏，我们可能在劳动力和其他成本方面看到的任何通胀都是暂时的，”<a href=\"https://laohu8.com/S/CCF\">追逐</a>弗吉尼亚州夏洛茨维尔的投资顾问。</blockquote></p><p>The Dow Jones Industrial Average(.DJI)rose 45.86 points, or 0.13%, to 34,575.31; the S&amp;P 500(.SPX)lost 2.07 points, or 0.05%, at 4,202.04; and the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> Composite(.IXIC)dropped 12.26 points, or 0.09%, to 13,736.48.</p><p><blockquote>道琼工业指数(.DJI)涨45.86点，或0.13%，报34,575.31；标普500(.SPX)下跌2.07点，或0.05%，报4,202.04点；和<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>综合指数(.IXIC)下跌12.26点，或0.09%，至13,736.48点。</blockquote></p><p>Along with sharp gains for financials and energy, the small-cap Russell 2000(.RUT)rose 1.1% on Tuesday, underscoring strength for segments of the stock market expected to do particularly well in an expanding economy.</p><p><blockquote>随着金融和能源股的大幅上涨，小盘股罗素2000指数(.RUT)周二上涨1.1%，突显了预计在经济扩张中表现尤其出色的股市板块的强势。</blockquote></p><p>While the S&amp;P 500 remains less than 1% of its record high after four straight months of gains, investors are worried about whether rising inflation could hit equity prices.</p><p><blockquote>尽管标普500在连续四个月上涨后仍不到历史高点的1%，但投资者担心通胀上升是否会打击股价。</blockquote></p><p>\"We have supply chain issues, delays, price increases, pricing pressures in general, we have got employers saying they have got difficulty sourcing labor,\" said Kristina Hooper, chief global market strategist at <a href=\"https://laohu8.com/S/IVZ\">Invesco</a> in <a href=\"https://laohu8.com/S/NWY\">New York</a>.</p><p><blockquote>首席全球市场策略师克里斯蒂娜·胡珀(Kristina Hooper)表示：“我们面临供应链问题、延误、价格上涨、总体定价压力，雇主表示他们很难找到劳动力。”<a href=\"https://laohu8.com/S/IVZ\">景顺</a>在<a href=\"https://laohu8.com/S/NWY\">纽约</a>.</blockquote></p><p>\"So this is a microcosm of what we are already hearing about and seeing in the overall economy and it's just a reminder that inflation remains a concern.\"</p><p><blockquote>“因此，这是我们在整体经济中已经听到和看到的情况的一个缩影，它只是提醒人们通货膨胀仍然是一个问题。”</blockquote></p><p>A Wall St. sign is seen near the <a href=\"https://laohu8.com/S/NYRT\">New York</a> Stock Exchange (NYSE) in <a href=\"https://laohu8.com/S/NGD\">New</a> York <a href=\"https://laohu8.com/S/CHCO\">City</a>, U.S., May 4, 2021. REUTERS/Brendan McDermid/File Photo</p><p><blockquote>附近可以看到华尔街的标志<a href=\"https://laohu8.com/S/NYRT\">纽约</a>纽约证券交易所<a href=\"https://laohu8.com/S/NGD\">新的</a>约克<a href=\"https://laohu8.com/S/CHCO\">城市</a>，美国，2021年5月4日。路透社/Brendan McDermid/资料照片</blockquote></p><p>Stock markets on Friday brushed off a surge inkey inflation readingsfor April following reassurances from Federal Reserve officials that the central bank’s ultra-loose monetary policy would remain in place.</p><p><blockquote>在美联储官员保证央行超宽松货币政策将继续实施后，周五股市没有出现四月份关键通胀数据的飙升。</blockquote></p><p>Minneapolis Federal Reserve Bank President Neel Kashkari and Fed Vice Chair for supervision Randal Quarles on Tuesday reiterated the view that higher prices would be transitory.</p><p><blockquote>明尼阿波利斯联邦储备银行行长尼尔·卡什卡利和美联储负责监管的副主席兰德尔·夸尔斯周二重申了价格上涨将是暂时的观点。</blockquote></p><p>This week's focus will be on a raft of economic data, culminating with U.S. payrolls due on Friday.</p><p><blockquote>本周的焦点将是大量经济数据，最终将于周五公布的美国就业数据。</blockquote></p><p>Abbott Labs shares fell 9.3% after the company cut itsfull-year 2021 profit forecast, citing expectations for a sharp decline in revenue from its COVID-19 tests as more Americans get vaccinated. Shares of other test makers also fell.</p><p><blockquote>雅培实验室(Abbott Labs)下调2021年全年利润预期，理由是随着越来越多的美国人接种疫苗，预计其COVID-19检测收入将大幅下降，该公司股价下跌9.3%。其他测试制造商的股价也下跌。</blockquote></p><p>Cloudera Inc(CLDR.N)shares jumped 23.9% after private equity firms KKR &amp; Co(KKR.N)and Clayton Dubilier &amp; Rice LLCagreed to take the data analytics firm private.</p><p><blockquote>Cloudera Inc(CLDR.N)在私募股权公司KKR&amp;Co(KKR)之后，股价上涨23.9%。N)和Clayton Dubilier&amp;Rice LLCA同意将这家数据分析公司私有化。</blockquote></p><p>A group of“meme stocks” extended gainsfrom the previous week, with shares of <a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a> Holdings Inc(AMC.N)up 22.7% after the movie theater chain said it sold $230 million of its stock.</p><p><blockquote>一批“模因股”延续了前一周的涨幅，其中<a href=\"https://laohu8.com/S/AMC\">AMC院线</a>Holdings Inc(AMC.N)上涨22.7%，此前这家连锁电影院表示出售了价值2.3亿美元的股票。</blockquote></p><p>Advancing issues outnumbered decliners on the NYSE by a 2.54-to-1 ratio; on <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a>, a 1.79-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股与下跌股的比例为2.54比1；在<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>1.79比1的比率有利于上涨者。</blockquote></p><p>The S&amp;P 500 posted 73 new 52-week highs and no new lows; the Nasdaq Composite recorded 168 new highs and 25 new lows.</p><p><blockquote>标普500创下73个52周新高，无新低；纳斯达克综合指数录得168个新高和25个新低。</blockquote></p><p>About 10.7 billion shares changed hands in U.S. exchanges, compared with the 10.5 billion daily average over the last 20 sessions.</p><p><blockquote>美国交易所约有107亿股易手，而过去20个交易日的日均交易量为105亿股。</blockquote></p><p><b>Here are company's financial statements：</b></p><p><blockquote><b>以下是公司的财务报表：</b></blockquote></p><p><a href=\"https://laohu8.com/NW/1184181912\" target=\"_blank\"><b>Zoom reports blowout earnings but warns of a coming slowdown</b></a></p><p><blockquote><a href=\"https://laohu8.com/NW/1184181912\" target=\"_blank\"><b>Zoom报告盈利井喷，但警告即将放缓</b></a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/business/sp-500-dips-healthcare-weighs-dow-ends-higher-2021-06-01/\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF",".IXIC":"NASDAQ Composite","OEX":"标普100","SPXU":"三倍做空标普500ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","IVV":"标普500ETF-iShares","SPY":"标普500ETF",".SPX":"S&P 500 Index","SH":"做空标普500-Proshares","SSO":"2倍做多标普500ETF-ProShares","OEF":"标普100指数ETF-iShares","UPRO":"三倍做多标普500ETF-ProShares"},"source_url":"https://www.reuters.com/business/sp-500-dips-healthcare-weighs-dow-ends-higher-2021-06-01/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106176005","content_text":"The S&P 500(.SPX)dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.The S&P 500 financial sector(.SPSY)hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector(.SPNY)3.9%, its biggest one-day gain in nearly four months. The heavyweight tech sector(.SPLRCT)fell while the healthcare sector(.SPXHC)was dragged down by a weak profit forecast from Abbott Laboratories(ABT.N).Data showed U.S.manufacturing activity pickedup in May as pent-up demand in a reopening economy boosted orders. But unfinished work piled up because of shortages of raw materials and labor.\"People came back from a holiday weekend convinced that the economy is recovering nicely and that any inflation that we might be seeing in labor and other costs is temporary,\" Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia.The Dow Jones Industrial Average(.DJI)rose 45.86 points, or 0.13%, to 34,575.31; the S&P 500(.SPX)lost 2.07 points, or 0.05%, at 4,202.04; and the Nasdaq Composite(.IXIC)dropped 12.26 points, or 0.09%, to 13,736.48.Along with sharp gains for financials and energy, the small-cap Russell 2000(.RUT)rose 1.1% on Tuesday, underscoring strength for segments of the stock market expected to do particularly well in an expanding economy.While the S&P 500 remains less than 1% of its record high after four straight months of gains, investors are worried about whether rising inflation could hit equity prices.\"We have supply chain issues, delays, price increases, pricing pressures in general, we have got employers saying they have got difficulty sourcing labor,\" said Kristina Hooper, chief global market strategist at Invesco in New York.\"So this is a microcosm of what we are already hearing about and seeing in the overall economy and it's just a reminder that inflation remains a concern.\"A Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermid/File PhotoStock markets on Friday brushed off a surge inkey inflation readingsfor April following reassurances from Federal Reserve officials that the central bank’s ultra-loose monetary policy would remain in place.Minneapolis Federal Reserve Bank President Neel Kashkari and Fed Vice Chair for supervision Randal Quarles on Tuesday reiterated the view that higher prices would be transitory.This week's focus will be on a raft of economic data, culminating with U.S. payrolls due on Friday.Abbott Labs shares fell 9.3% after the company cut itsfull-year 2021 profit forecast, citing expectations for a sharp decline in revenue from its COVID-19 tests as more Americans get vaccinated. Shares of other test makers also fell.Cloudera Inc(CLDR.N)shares jumped 23.9% after private equity firms KKR & Co(KKR.N)and Clayton Dubilier & Rice LLCagreed to take the data analytics firm private.A group of“meme stocks” extended gainsfrom the previous week, with shares of AMC Entertainment Holdings Inc(AMC.N)up 22.7% after the movie theater chain said it sold $230 million of its stock.Advancing issues outnumbered decliners on the NYSE by a 2.54-to-1 ratio; on Nasdaq, a 1.79-to-1 ratio favored advancers.The S&P 500 posted 73 new 52-week highs and no new lows; the Nasdaq Composite recorded 168 new highs and 25 new lows.About 10.7 billion shares changed hands in U.S. exchanges, compared with the 10.5 billion daily average over the last 20 sessions.Here are company's financial statements：Zoom reports blowout earnings but warns of a coming slowdown","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,".IXIC":0.9,"OEX":0.9,".SPX":0.9,"ESmain":0.9,"SPXU":0.9,"SSO":0.9,"IVV":0.9,"SPY":0.9,"SH":0.9,"UPRO":0.9,"SDS":0.9,"OEF":0.9}},"isVote":1,"tweetType":1,"viewCount":370,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":137472918,"gmtCreate":1622384241434,"gmtModify":1634101899557,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574286103228100","authorIdStr":"3574286103228100"},"themes":[],"htmlText":"Like and commen","listText":"Like and commen","text":"Like and commen","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/137472918","repostId":"2138948877","repostType":4,"isVote":1,"tweetType":1,"viewCount":235,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":356703733,"gmtCreate":1616811602022,"gmtModify":1634523875793,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574286103228100","authorIdStr":"3574286103228100"},"themes":[],"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/356703733","repostId":"1141686975","repostType":4,"repost":{"id":"1141686975","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":1616780260,"share":"https://www.laohu8.com/m/news/1141686975?lang=zh_CN&edition=full","pubTime":"2021-03-27 01:37","market":"us","language":"en","title":"Zhihu Technology fall on its first day of trading<blockquote>知乎科技上市首日下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1141686975","media":"Tiger Newspress","summary":"Zhihu Technology shares opened at $8.02 each on Friday, about 15.6% lower than the company’s IPO pri","content":"<p>Zhihu Technology shares opened at $8.02&nbsp;each on Friday, about 15.6% lower than the company’s IPO price&nbsp;$9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.</p><p><blockquote>知乎科技股价周五开盘价为每股8.02美元，比该公司9.5美元的IPO价格低约15.6%。知乎IPO价格处于区间低端，公司估值约为53亿美元。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4672a089b4ebb0a889cbfbeb32b48594\" tg-width=\"1920\" tg-height=\"959\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Zhihu Inc.&nbsp;announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.</p><p><blockquote>知乎公司周五宣布其首次公开募股定价为每股美国存托股9.50美元，处于预期区间的低端。这家总部位于中国的在线内容公司在IPO中发行了5500万份ADS，筹集了5.225亿美元，而该公司的定价约为53.1亿美元。</blockquote></p><p>Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.</p><p><blockquote>知乎的商业模式与Quora相似，数百万人提问并交流他们的观点和经验。知乎已经成为国内最大的在线问答社区。</blockquote></p><p><b>Sales Breakdown</b></p><p><blockquote><b>销售明细</b></blockquote></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.</p><p><blockquote>广告和付费会员占公司收入的最大部分。2019年和2020年，广告分别占总收入的86.1%和62.4%。我们预计广告占收入的百分比将在未来五年内逐渐下降，因为它被更快增长的付费会员和内容商务解决方案所抵消。我们预计广告占销售额的百分比将在2021年下降至34.1%，在2025年下降至22.3%。</blockquote></p><p>Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.</p><p><blockquote>付费会员占2019年总收入的13.1%，2020年增至总收入的23.7%。我们假设付费会员收入占总收入的百分比将在2021年和2025年分别增至31.5%和37.8%。</blockquote></p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.</p><p><blockquote>2020年，内容商务解决方案和其他销售额也大幅增长。内容商务解决方案收入从2019年的60万元跃升至2020年的1.358亿元。2020年初，该公司推出了内容商务解决方案，为商家和品牌提供一站式服务，满足其所有销售和营销需求，包括营销计划。我们假设内容商务解决方案占总收入的百分比将从2020年的10%跃升至2021年的17.8%和2025年的32.3%。</blockquote></p><p><b>Gross Margins</b></p><p><blockquote><b>毛利率</b></blockquote></p><p>The company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.</p><p><blockquote>在业务可扩展性整体提升的推动下，公司毛利率从2019年的46.6%提升至2020年的56.0%。我们假设毛利率在2021年和2025年进一步提高至57.4%和62.3%。</blockquote></p><p><b>Total Operating Expenses and Operating Margins</b></p><p><blockquote><b>总营业费用和营业利润率</b></blockquote></p><p>Total operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&amp;A and R&amp;D expenses as a percentage of revenues in the next five years.</p><p><blockquote>总运营费用占收入的百分比由2019年的204.4%大幅下降至2020年的100.6%。我们预计这一比例将在2021年进一步提高至79%，2022年为69.2%，2025年为57.2%。运营费用的改善大部分来自未来五年SG&amp;A和R&amp;D费用占收入百分比的降低。</blockquote></p><p><img src=\"https://static.tigerbbs.com/c019cc86f4d4c1d9ffe15d3b4a4bfa75\" tg-width=\"772\" tg-height=\"480\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ef629be32d2c34d625cb287ad648206d\" tg-width=\"757\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b9561a02993fbc88c2cad88e68c08730\" tg-width=\"920\" tg-height=\"485\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Company Background</b></p><p><blockquote><b>公司背景</b></blockquote></p><p>At the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.</p><p><blockquote>2020年底，知乎累计有超过4310万内容创作者，贡献了3.15亿个问答。2020年第四季度，该公司平均月活跃用户为7570万，同比增长33%。该公司的关键优势之一是，它被公认为最值得信赖的在线内容社区之一，并被视为提供中国最优质的内容之一。知乎试图利用其庞大的用户群提供众多多媒体功能，包括直播、电子商务、在线教育和其他视频内容。</blockquote></p><p>In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.</p><p><blockquote>2019年8月，知乎获得了包括百度和快手科技在内的领先投资者4.34亿美元的融资，公司估值为35亿美元。鉴于该公司2019年的销售额为9700万美元，这意味着市盈率估值倍数为36倍。如果我们将相同的市盈率倍数应用于该公司2020年2.07亿美元的销售额，这将表明隐含估值为75亿美元。</blockquote></p><p>Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&amp;As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.</p><p><blockquote>知乎最初是在2010年作为一个问答在线社区开发的。截至2020年底，共有3.15亿次问答，跨越1000多个垂直领域和57.1万个主题。按2020年平均移动月活跃用户数及收入计，知乎是中国五大综合在线内容社区之一。该公司使用人工智能、云和大数据算法来提高其内容和服务的优化。</blockquote></p><p><b>Major Shareholders of Zhihu</b></p><p><blockquote><b>知乎主要股东</b></blockquote></p><p>The founder &amp; CEO&nbsp;Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.</p><p><blockquote>创始人兼首席执行官周元拥有该公司8.2%的股份（但拥有46.6%的投票权）。创新工场拥有知乎13.1%的股份，腾讯控股控股有限公司拥有知乎12.3%的股份。</blockquote></p><p><b>Key Demographics</b></p><p><blockquote><b>关键人口统计</b></blockquote></p><p></p><p>The diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.</p><p><blockquote>下图提供了知乎用户群的一些关键人口统计数据。男性用户占总用户的56.9%。30岁以下人群占其总用户群的78.7%。一线及新一线城市佔总用户群的52.6%。知乎的很多用户都是学生和白领专业人士。</blockquote></p><p><img src=\"https://static.tigerbbs.com/524d689472daad1c99491d74dfdbfe24\" tg-width=\"295\" tg-height=\"389\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Revenue Breakdown</b></p><p><blockquote><b>收入明细</b></blockquote></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.</p><p><blockquote>广告和付费会员占公司收入的最大部分。2019年和2020年，广告分别占总收入的86.1%和62.4%。该公司的广告收入主要由其月活跃用户数和每个月活跃用户数的广告收入推动。2020年，公司月活跃用户数同比增长42.7%至6850万。该公司于2016年开始在线广告业务，并于2018年引入付费内容。</blockquote></p><p>Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.</p><p><blockquote>付费会员占2019年总收入的13.1%，2020年增至总收入的23.7%。2020年，月均会员同比增长311.5%至236万，这证明越来越多的客户重视知乎上的优质内容。</blockquote></p><p>In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions &amp; answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.</p><p><blockquote>2019年3月，公司推出Yan Selection会员计划，使其成为第一个基于付费的问答社区。它为会员提供了对约340万个付费内容的无限制访问，包括在线讲座、专栏、有声读物和电子期刊。这是该公司最大的优势之一，因为它显示了高质量的数据和内容如何能够产生大量收入，并且还提供了更稳定的每月收入流入。</blockquote></p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.</p><p><blockquote>2020年，内容商务解决方案和其他销售额也大幅增长。内容商务解决方案收入从2019年的60万元跃升至2020年的1.358亿元。2020年初，该公司推出了内容商务解决方案，为商家和品牌提供一站式服务，满足其所有销售和营销需求，包括营销计划、为感兴趣的用户分配最相关的内容创作者以及促进内容创作。</blockquote></p><p>China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).</p><p><blockquote>中国的内容商务解决方案市场预计将成为未来几年增长最快的行业之一。根据灼识谘询的资料，中国内容商务解决方案市场预期于2019年至2025年将享有46.4%的强劲复合年增长率（1,123亿元人民币）。</blockquote></p><p><b>Market Opportunities</b></p><p><blockquote><b>市场机会</b></blockquote></p><p><b>China’s Online Content Communities Market Size</b></p><p><blockquote><b>中国在线内容社区市场规模</b></blockquote></p><p>Online content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.</p><p><blockquote>在线内容社区是指专注于UGC（用户生成内容）（包括PUGC（专业用户生成内容））的在线内容市场参与者，其中内容创作者也是用户，他们积极参与社区。与PGC（专业生成内容）玩家相比，内容社区通常可以激发更高水平的用户参与度、更具互动性的用户体验，并享受更低的内容成本。PGC是由品牌公司或组织创建的内容。</blockquote></p><p>China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.</p><p><blockquote>中国在线内容社区市场规模由2015年的386亿元人民币增至2019年的2758亿元人民币，预计将进一步增至2025年的1.3万亿元人民币，2019年至2025年的复合年增长率为30.3%，高于整体在线内容市场增长。</blockquote></p><p>China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.</p><p><blockquote>中国在线内容社区市场拥有更多元化的变现渠道，包括在线广告、付费会员、内容电商、内容电商解决方案、直播虚拟礼品、在线游戏及在线教育服务。相比之下，美国在线内容社区的变现主要是通过广告。</blockquote></p><p>One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.</p><p><blockquote>该公司的一个主要积极因素是，越来越多的中国消费者愿意为更高质量的内容付费。预计2019年至2025年期间，中国在线内容社区的付费用户数量将以17.1%的复合年增长率增长，这意味着在线内容社区的额外付费用户将增加3.604亿至2025年的5.882亿。</blockquote></p><p><b>China's Online Content Market</b></p><p><blockquote><b>中国在线内容市场</b></blockquote></p><p>China's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.</p><p><blockquote>中国在线内容市场较2015年增长两倍，2019年达到1.2万亿人民币。预计该市场将于2025年增至3.7万亿元人民币，2019年至2025年的复合年增长率为21.4%。</blockquote></p><p><b>China’s Online Content Market Size (in terms of revenue), 2015-2025E</b></p><p><blockquote><b>二零一五年至二零二五年（估计）中国在线内容市场规模（以收入计）</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/69a7db9cacf26245273702a255aabdb8\" tg-width=\"573\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Market Size of China’s Online Content Communities (in terms of revenue),2015-2025E</b></p><p><blockquote><b>二零一五年至二零二五年（估计）中国在线内容社区的市场规模（以收益计）</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/aee42792caf4aa2cbdcd17f757a75727\" tg-width=\"584\" tg-height=\"285\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>China’s Paid Membership Market Size (in terms of revenue), 2015-2025E</b></p><p><blockquote><b>中国付费会员市场规模（以收入计），2015年至2025年（估计）</b></blockquote></p><p></p><p><img src=\"https://static.tigerbbs.com/77ff121d78cb1dd922d524a78570152e\" tg-width=\"520\" tg-height=\"286\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Content-commerce solutions</b></p><p><blockquote><b>内容商务解决方案</b></blockquote></p><p>To provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.</p><p><blockquote>为了提供整合营销服务，在线内容社区为内容创建、内容分发和内容转换提供内容商务解决方案。该公司提供综合内容商务解决方案，为商家和品牌的所有销售和营销需求提供一站式服务，从制定营销计划、促进内容创作、分配最相关的内容创作者，到向感兴趣的用户分发。中国内容商务解决方案市场预期将由2019年的人民币114亿元增长至2025年的人民币1123亿元，复合年增长率为46.4%。</blockquote></p><p><b>China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E</b></p><p><blockquote><b>二零一五年至二零二五年（估计）中国内容商务解决方案市场规模（以收入计）</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/01a230d3fb2d4cf4aeeebfd5c3c691c3\" tg-width=\"520\" tg-height=\"269\" 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>Zhihu Technology fall on its first day of trading<blockquote>知乎科技上市首日下跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZhihu Technology fall on its first day of trading<blockquote>知乎科技上市首日下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-27 01:37</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Zhihu Technology shares opened at $8.02&nbsp;each on Friday, about 15.6% lower than the company’s IPO price&nbsp;$9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.</p><p><blockquote>知乎科技股价周五开盘价为每股8.02美元，比该公司9.5美元的IPO价格低约15.6%。知乎IPO价格处于区间低端，公司估值约为53亿美元。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4672a089b4ebb0a889cbfbeb32b48594\" tg-width=\"1920\" tg-height=\"959\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Zhihu Inc.&nbsp;announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.</p><p><blockquote>知乎公司周五宣布其首次公开募股定价为每股美国存托股9.50美元，处于预期区间的低端。这家总部位于中国的在线内容公司在IPO中发行了5500万份ADS，筹集了5.225亿美元，而该公司的定价约为53.1亿美元。</blockquote></p><p>Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.</p><p><blockquote>知乎的商业模式与Quora相似，数百万人提问并交流他们的观点和经验。知乎已经成为国内最大的在线问答社区。</blockquote></p><p><b>Sales Breakdown</b></p><p><blockquote><b>销售明细</b></blockquote></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.</p><p><blockquote>广告和付费会员占公司收入的最大部分。2019年和2020年，广告分别占总收入的86.1%和62.4%。我们预计广告占收入的百分比将在未来五年内逐渐下降，因为它被更快增长的付费会员和内容商务解决方案所抵消。我们预计广告占销售额的百分比将在2021年下降至34.1%，在2025年下降至22.3%。</blockquote></p><p>Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.</p><p><blockquote>付费会员占2019年总收入的13.1%，2020年增至总收入的23.7%。我们假设付费会员收入占总收入的百分比将在2021年和2025年分别增至31.5%和37.8%。</blockquote></p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.</p><p><blockquote>2020年，内容商务解决方案和其他销售额也大幅增长。内容商务解决方案收入从2019年的60万元跃升至2020年的1.358亿元。2020年初，该公司推出了内容商务解决方案，为商家和品牌提供一站式服务，满足其所有销售和营销需求，包括营销计划。我们假设内容商务解决方案占总收入的百分比将从2020年的10%跃升至2021年的17.8%和2025年的32.3%。</blockquote></p><p><b>Gross Margins</b></p><p><blockquote><b>毛利率</b></blockquote></p><p>The company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.</p><p><blockquote>在业务可扩展性整体提升的推动下，公司毛利率从2019年的46.6%提升至2020年的56.0%。我们假设毛利率在2021年和2025年进一步提高至57.4%和62.3%。</blockquote></p><p><b>Total Operating Expenses and Operating Margins</b></p><p><blockquote><b>总营业费用和营业利润率</b></blockquote></p><p>Total operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&amp;A and R&amp;D expenses as a percentage of revenues in the next five years.</p><p><blockquote>总运营费用占收入的百分比由2019年的204.4%大幅下降至2020年的100.6%。我们预计这一比例将在2021年进一步提高至79%，2022年为69.2%，2025年为57.2%。运营费用的改善大部分来自未来五年SG&amp;A和R&amp;D费用占收入百分比的降低。</blockquote></p><p><img src=\"https://static.tigerbbs.com/c019cc86f4d4c1d9ffe15d3b4a4bfa75\" tg-width=\"772\" tg-height=\"480\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ef629be32d2c34d625cb287ad648206d\" tg-width=\"757\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b9561a02993fbc88c2cad88e68c08730\" tg-width=\"920\" tg-height=\"485\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Company Background</b></p><p><blockquote><b>公司背景</b></blockquote></p><p>At the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.</p><p><blockquote>2020年底，知乎累计有超过4310万内容创作者，贡献了3.15亿个问答。2020年第四季度，该公司平均月活跃用户为7570万，同比增长33%。该公司的关键优势之一是，它被公认为最值得信赖的在线内容社区之一，并被视为提供中国最优质的内容之一。知乎试图利用其庞大的用户群提供众多多媒体功能，包括直播、电子商务、在线教育和其他视频内容。</blockquote></p><p>In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.</p><p><blockquote>2019年8月，知乎获得了包括百度和快手科技在内的领先投资者4.34亿美元的融资，公司估值为35亿美元。鉴于该公司2019年的销售额为9700万美元，这意味着市盈率估值倍数为36倍。如果我们将相同的市盈率倍数应用于该公司2020年2.07亿美元的销售额，这将表明隐含估值为75亿美元。</blockquote></p><p>Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&amp;As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.</p><p><blockquote>知乎最初是在2010年作为一个问答在线社区开发的。截至2020年底，共有3.15亿次问答，跨越1000多个垂直领域和57.1万个主题。按2020年平均移动月活跃用户数及收入计，知乎是中国五大综合在线内容社区之一。该公司使用人工智能、云和大数据算法来提高其内容和服务的优化。</blockquote></p><p><b>Major Shareholders of Zhihu</b></p><p><blockquote><b>知乎主要股东</b></blockquote></p><p>The founder &amp; CEO&nbsp;Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.</p><p><blockquote>创始人兼首席执行官周元拥有该公司8.2%的股份（但拥有46.6%的投票权）。创新工场拥有知乎13.1%的股份，腾讯控股控股有限公司拥有知乎12.3%的股份。</blockquote></p><p><b>Key Demographics</b></p><p><blockquote><b>关键人口统计</b></blockquote></p><p></p><p>The diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.</p><p><blockquote>下图提供了知乎用户群的一些关键人口统计数据。男性用户占总用户的56.9%。30岁以下人群占其总用户群的78.7%。一线及新一线城市佔总用户群的52.6%。知乎的很多用户都是学生和白领专业人士。</blockquote></p><p><img src=\"https://static.tigerbbs.com/524d689472daad1c99491d74dfdbfe24\" tg-width=\"295\" tg-height=\"389\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Revenue Breakdown</b></p><p><blockquote><b>收入明细</b></blockquote></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.</p><p><blockquote>广告和付费会员占公司收入的最大部分。2019年和2020年，广告分别占总收入的86.1%和62.4%。该公司的广告收入主要由其月活跃用户数和每个月活跃用户数的广告收入推动。2020年，公司月活跃用户数同比增长42.7%至6850万。该公司于2016年开始在线广告业务，并于2018年引入付费内容。</blockquote></p><p>Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.</p><p><blockquote>付费会员占2019年总收入的13.1%，2020年增至总收入的23.7%。2020年，月均会员同比增长311.5%至236万，这证明越来越多的客户重视知乎上的优质内容。</blockquote></p><p>In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions &amp; answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.</p><p><blockquote>2019年3月，公司推出Yan Selection会员计划，使其成为第一个基于付费的问答社区。它为会员提供了对约340万个付费内容的无限制访问，包括在线讲座、专栏、有声读物和电子期刊。这是该公司最大的优势之一，因为它显示了高质量的数据和内容如何能够产生大量收入，并且还提供了更稳定的每月收入流入。</blockquote></p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.</p><p><blockquote>2020年，内容商务解决方案和其他销售额也大幅增长。内容商务解决方案收入从2019年的60万元跃升至2020年的1.358亿元。2020年初，该公司推出了内容商务解决方案，为商家和品牌提供一站式服务，满足其所有销售和营销需求，包括营销计划、为感兴趣的用户分配最相关的内容创作者以及促进内容创作。</blockquote></p><p>China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).</p><p><blockquote>中国的内容商务解决方案市场预计将成为未来几年增长最快的行业之一。根据灼识谘询的资料，中国内容商务解决方案市场预期于2019年至2025年将享有46.4%的强劲复合年增长率（1,123亿元人民币）。</blockquote></p><p><b>Market Opportunities</b></p><p><blockquote><b>市场机会</b></blockquote></p><p><b>China’s Online Content Communities Market Size</b></p><p><blockquote><b>中国在线内容社区市场规模</b></blockquote></p><p>Online content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.</p><p><blockquote>在线内容社区是指专注于UGC（用户生成内容）（包括PUGC（专业用户生成内容））的在线内容市场参与者，其中内容创作者也是用户，他们积极参与社区。与PGC（专业生成内容）玩家相比，内容社区通常可以激发更高水平的用户参与度、更具互动性的用户体验，并享受更低的内容成本。PGC是由品牌公司或组织创建的内容。</blockquote></p><p>China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.</p><p><blockquote>中国在线内容社区市场规模由2015年的386亿元人民币增至2019年的2758亿元人民币，预计将进一步增至2025年的1.3万亿元人民币，2019年至2025年的复合年增长率为30.3%，高于整体在线内容市场增长。</blockquote></p><p>China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.</p><p><blockquote>中国在线内容社区市场拥有更多元化的变现渠道，包括在线广告、付费会员、内容电商、内容电商解决方案、直播虚拟礼品、在线游戏及在线教育服务。相比之下，美国在线内容社区的变现主要是通过广告。</blockquote></p><p>One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.</p><p><blockquote>该公司的一个主要积极因素是，越来越多的中国消费者愿意为更高质量的内容付费。预计2019年至2025年期间，中国在线内容社区的付费用户数量将以17.1%的复合年增长率增长，这意味着在线内容社区的额外付费用户将增加3.604亿至2025年的5.882亿。</blockquote></p><p><b>China's Online Content Market</b></p><p><blockquote><b>中国在线内容市场</b></blockquote></p><p>China's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.</p><p><blockquote>中国在线内容市场较2015年增长两倍，2019年达到1.2万亿人民币。预计该市场将于2025年增至3.7万亿元人民币，2019年至2025年的复合年增长率为21.4%。</blockquote></p><p><b>China’s Online Content Market Size (in terms of revenue), 2015-2025E</b></p><p><blockquote><b>二零一五年至二零二五年（估计）中国在线内容市场规模（以收入计）</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/69a7db9cacf26245273702a255aabdb8\" tg-width=\"573\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Market Size of China’s Online Content Communities (in terms of revenue),2015-2025E</b></p><p><blockquote><b>二零一五年至二零二五年（估计）中国在线内容社区的市场规模（以收益计）</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/aee42792caf4aa2cbdcd17f757a75727\" tg-width=\"584\" tg-height=\"285\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>China’s Paid Membership Market Size (in terms of revenue), 2015-2025E</b></p><p><blockquote><b>中国付费会员市场规模（以收入计），2015年至2025年（估计）</b></blockquote></p><p></p><p><img src=\"https://static.tigerbbs.com/77ff121d78cb1dd922d524a78570152e\" tg-width=\"520\" tg-height=\"286\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Content-commerce solutions</b></p><p><blockquote><b>内容商务解决方案</b></blockquote></p><p>To provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.</p><p><blockquote>为了提供整合营销服务，在线内容社区为内容创建、内容分发和内容转换提供内容商务解决方案。该公司提供综合内容商务解决方案，为商家和品牌的所有销售和营销需求提供一站式服务，从制定营销计划、促进内容创作、分配最相关的内容创作者，到向感兴趣的用户分发。中国内容商务解决方案市场预期将由2019年的人民币114亿元增长至2025年的人民币1123亿元，复合年增长率为46.4%。</blockquote></p><p><b>China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E</b></p><p><blockquote><b>二零一五年至二零二五年（估计）中国内容商务解决方案市场规模（以收入计）</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/01a230d3fb2d4cf4aeeebfd5c3c691c3\" tg-width=\"520\" tg-height=\"269\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZH":"知乎"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141686975","content_text":"Zhihu Technology shares opened at $8.02 each on Friday, about 15.6% lower than the company’s IPO price $9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.Zhihu Inc. announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.Sales BreakdownAdvertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.Gross MarginsThe company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.Total Operating Expenses and Operating MarginsTotal operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&A and R&D expenses as a percentage of revenues in the next five years.Company BackgroundAt the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.Major Shareholders of ZhihuThe founder & CEO Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.Key DemographicsThe diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.Revenue BreakdownAdvertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions & answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).Market OpportunitiesChina’s Online Content Communities Market SizeOnline content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.China's Online Content MarketChina's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.China’s Online Content Market Size (in terms of revenue), 2015-2025EMarket Size of China’s Online Content Communities (in terms of revenue),2015-2025EChina’s Paid Membership Market Size (in terms of revenue), 2015-2025EContent-commerce solutionsTo provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E","news_type":1,"symbols_score_info":{"ZH":0.9}},"isVote":1,"tweetType":1,"viewCount":285,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130174835,"gmtCreate":1621521196827,"gmtModify":1634188433170,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574286103228100","authorIdStr":"3574286103228100"},"themes":[],"htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/130174835","repostId":"2136010949","repostType":4,"isVote":1,"tweetType":1,"viewCount":389,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":109300202,"gmtCreate":1619661899306,"gmtModify":1634210913377,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574286103228100","authorIdStr":"3574286103228100"},"themes":[],"htmlText":"Great news for me. Like and comment&nbsp;","listText":"Great news for me. Like and comment&nbsp;","text":"Great news for me. Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/109300202","repostId":"1137964402","repostType":4,"repost":{"id":"1137964402","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":1619651546,"share":"https://www.laohu8.com/m/news/1137964402?lang=zh_CN&edition=full","pubTime":"2021-04-29 07:12","market":"us","language":"en","title":"Apple reports another blowout quarter with sales up 54%, authorizes $90 billion in share buybacks<blockquote>苹果报告又一个井喷季度销售额增长54%，授权900亿美元股票回购</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137964402","media":"Tiger Newspress","summary":"Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and significantly stronger profits than Wall Street expected.Apple did not issue official guidance for what it expects in the quarter ending in June.Apple authorized $90 billion in share buybacks.Apple stock rose over 4% at one point in extended trading.Apple reported double-digit growth in every single one of its product categories, and its most important product line, the iPhone, was up 65","content":"<p><b>KEY POINTS</b></p><p><blockquote><b>要点</b></blockquote></p><p><ul><li>Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and&nbsp;significantly stronger profits than Wall Street expected.</li><li>Apple did not issue official guidance for what it expects in the quarter ending in June.</li><li>Apple authorized $90 billion in share buybacks.</li></ul>Apple&nbsp;reported&nbsp;a blowout quarter&nbsp;on Wednesday, announcing companywide sales up 54% higher than last year, and&nbsp;significantly stronger profits than Wall Street expected.</p><p><blockquote><ul><li>苹果周三公布了井喷季度业绩，宣布全公司销售额比去年增长54%，利润明显强于华尔街预期。</li><li>苹果没有就截至6月份的季度的预期发布官方指引。</li><li>苹果授权900亿美元的股票回购。</li></ul>苹果周三公布了井喷季度业绩，宣布全公司销售额比去年增长54%，利润明显强于华尔街预期。</blockquote></p><p>Apple stock rose over 4% at one point in extended trading.</p><p><blockquote>苹果股价在盘后交易中一度上涨超过4%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4e791f63f460807906f1793c2d58933e\" tg-width=\"1302\" tg-height=\"833\"></p><p><blockquote></blockquote></p><p>Apple reported double-digit growth in every single one of its product categories, and its&nbsp;most important product line, the iPhone, was up 65.5% from last year. Its Mac and iPad sales&nbsp;did&nbsp;better, with its computers up 70.1% and iPad&nbsp;sales&nbsp;growing nearly 79% on an annual basis.</p><p><blockquote>苹果报告称，其每个产品类别都实现了两位数的增长，其最重要的产品线iPhone比去年增长了65.5%。其Mac和iPad销量表现更好，电脑销量同比增长70.1%，iPad销量同比增长近79%。</blockquote></p><p>Apple said it would increase its dividend by 7%&nbsp;to $0.22 per share&nbsp;and authorized $90 billion in share buybacks, which is significantly higher than last year’s $50 billion outlay&nbsp;and 2019′s $75 billion.</p><p><blockquote>苹果表示，将把股息提高7%至每股0.22美元，并授权900亿美元的股票回购，这明显高于去年的500亿美元支出和2019年的750亿美元。</blockquote></p><p>Here’s how Apple did versus Refinitiv estimates:</p><p><blockquote>以下是苹果与Refinitiv估计的表现：</blockquote></p><p><ul><li><b>EPS</b>:&nbsp;$1.40&nbsp;vs. $0.99 estimated</li><li><b>Revenue</b>:&nbsp;$89.58&nbsp;billion&nbsp;vs. $77.36&nbsp;billion&nbsp;estimated, up 53.7% year-over-year</li><li><b>iPhone revenue</b>:&nbsp;$47.94 billion&nbsp;vs. $41.43&nbsp;billion&nbsp;estimated, up&nbsp;65.5% year-over-year</li><li><b>Services revenue</b>:&nbsp;$16.90 billion&nbsp;vs. $15.57&nbsp;billion&nbsp;estimated, up 26.7% year over&nbsp;year</li><li><b>Other Products revenue</b>:&nbsp;$7.83&nbsp;billion&nbsp;vs. $7.79&nbsp;billion&nbsp;estimated,&nbsp;up 24%&nbsp;year-over-year</li><li><b>Mac revenue</b>:&nbsp;$9.10&nbsp;billion&nbsp;vs. $6.86&nbsp;billion&nbsp;estimated, up 70.1% year-over-year</li><li><b>iPad revenue</b>:&nbsp;$7.80 billion&nbsp;vs. $5.58&nbsp;billion&nbsp;estimated, up 78.9% year-over-year</li><li><b>Gross margin</b>:&nbsp;42.5% vs. 39.8%&nbsp;estimated</li></ul>Apple did not issue official guidance for what it expects in the quarter ending in June. It hasn’t provided revenue&nbsp;guidance since the start of the pandemic, citing uncertainty.&nbsp;This is Apple’s second quarter in a row with double-digit growth in all product categories.&nbsp;Apple CFO Luca Maestri told analysts that the company expects June quarter revenue to rise by double digits year-over-year, although it faces some supply shortages due to the worldwide chip shortage.</p><p><blockquote><ul><li><b>EPS</b>：1.40美元对比。估计0.99美元</li><li><b>收入</b>：895.8亿美元对比。预计773.6亿美元，同比增长53.7%</li><li><b>iPhone收入</b>：479.4亿美元对比。预计为414.3亿美元，同比增长65.5%</li><li><b>服务收入</b>：169亿美元vs.预计155.7亿美元，同比增长26.7%</li><li><b>其他产品收益</b>：78.3亿美元对比。预计77.9亿美元，同比增长24%</li><li><b>Mac收入</b>：91亿美元vs.预计68.6亿美元，同比增长70.1%</li><li><b>iPad收入</b>：78亿美元vs.预计55.8亿美元，同比增长78.9%</li><li><b>毛利率</b>：42.5%vs.估计值39.8%</li></ul>苹果没有就截至6月份的季度的预期发布官方指引。自疫情开始以来，该公司一直没有提供收入指引，理由是存在不确定性。这是苹果连续第二个季度在所有产品类别中实现两位数增长。苹果首席财务官Luca Maestri告诉分析师，该公司预计6月份季度的收入将同比增长两位数，尽管由于全球芯片短缺，该公司面临一些供应短缺。</blockquote></p><p>Apple has said in the past months that its business has been boosted by the pandemic as consumers&nbsp;and businesses&nbsp;bought&nbsp;computers&nbsp;to work and entertain themselves while at home. But Apple’s strong results in the quarter suggest that the trend may persist as more economies&nbsp;open up.</p><p><blockquote>苹果在过去几个月表示，随着消费者和企业购买电脑在家工作和娱乐，其业务受到了疫情的提振。但苹果本季度的强劲业绩表明，随着更多经济体的开放，这一趋势可能会持续下去。</blockquote></p><p>Or, as Apple CEO Tim Cook said in a statement: “This quarter reflects both the enduring ways our products have helped our users meet this&nbsp;moment in their own lives, as well as the optimism consumers seem to feel about better days&nbsp;ahead for all of us.”</p><p><blockquote>或者，正如苹果首席执行官蒂姆·库克(Tim Cook)在一份声明中所说：“本季度既反映了我们的产品帮助用户在自己的生活中迎接这一时刻的持久方式，也反映了消费者似乎对所有人未来更好的日子感到乐观。我们。”</blockquote></p><p>Mac sales were up 70%, and Cook said that the result was “fueled by” the company’s introduction of its Mac&nbsp;laptops&nbsp;that used its own M1 chips&nbsp;for longer battery life, instead of processors sold by&nbsp;Intel.&nbsp;iPad sales were up&nbsp;nearly 79% year-over-year.</p><p><blockquote>Mac的销量增长了70%，库克表示，这一结果是由该公司推出的Mac笔记本电脑“推动”的，这些笔记本电脑使用了自己的M1芯片，电池寿命更长，而不是英特尔销售的处理器，iPad的销量同比增长了近79%。</blockquote></p><p>Neither of those&nbsp;results&nbsp;include iPad Pro or iMac models the company announced in March, which are expected to drive additional demand.</p><p><blockquote>这两个结果都不包括该公司3月份宣布的iPad Pro或iMac型号，预计这些型号将推动额外需求。</blockquote></p><p>“We’re seeing strong first-time buyers on the Mac&nbsp;…&nbsp;it continues to run just south of 50%,” Cook told CNBC’s Josh Lipton. “And, in China, it’s even higher than that&nbsp;…&nbsp;it’s more around two-thirds. And that speaks to people preferring to work on the Mac.”</p><p><blockquote>库克对CNBC的乔什·利普顿(Josh Lipton)表示：“我们看到Mac的首次购买者数量强劲……这一比例继续略低于50%。”“而且，在中国，这个数字甚至更高……大约是三分之二。这表明人们更喜欢在Mac上工作。”</blockquote></p><p>Apple’s iPhone also reported strong results this quarter, quelling fears that the current annual cycle could slow down. Last year, Apple released iPhones with a new exterior design and 5G support, which many investors believed could prompt a major upgrade cycle, which this quarter’s results indicate.</p><p><blockquote>苹果的iPhone本季度也公布了强劲的业绩，平息了人们对当前年度周期可能放缓的担忧。去年，苹果发布了具有新外观设计和5G支持的iPhone，许多投资者认为这可能会引发一个重大升级周期，本季度的业绩表明了这一点。</blockquote></p><p>In greater China, which includes the mainland, Hong Kong, and Taiwan,&nbsp;Apple’s revenue increased over&nbsp;87% year-over-year to $17.73 billion, although the comparison is to a quarter last year in which China was largely shut down in the early days of the pandemic.&nbsp;Every other geographical category, including the Americas and Europe, were also up on an annual basis.</p><p><blockquote>在包括大陆、香港和台湾在内的大中华区，苹果的收入同比增长超过87%，达到177.3亿美元，尽管相比之下，去年中国在疫情初期基本上处于关闭状态。其他所有地理类别，包括美洲和欧洲，也同比增长。</blockquote></p><p><img src=\"https://static.tigerbbs.com/37a8b45c92174e3c9ab224d9a85f5e2d\" tg-width=\"1910\" tg-height=\"1114\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Apple’s&nbsp;high-margin&nbsp;services business, including iCloud, App Store, and subscriptions like Apple Music, also showed 26.7% growth.</p><p><blockquote>苹果的高利润服务业务，包括iCloud、App Store和苹果音乐等订阅业务，也实现了26.7%的增长。</blockquote></p><p></p><p>One metric that Apple uses to show the growth in services is the number of subscriptions it has, which not only include its own subscriptions like Apple One, but also subscriptions through its App Store.</p><p><blockquote>苹果用来显示服务增长的一个指标是其订阅数量，其中不仅包括苹果One等自有订阅，还包括通过其App Store进行的订阅。</blockquote></p><p>“We now have over 660 million paid subscriptions across the services on the platform, and that’s up 40 million from the previous quarter, which is an acceleration from 35 million,” Cook told CNBC.</p><p><blockquote>库克对CNBC表示：“我们平台上的服务现在有超过6.6亿付费订阅，比上一季度增加了4000万，比3500万有所增长。”</blockquote></p><p>However, Apple’s App Store has been challenged by lawmakers and companies that say it costs too much and has too much power. A closely-watched trial with Fortnite maker Epic Games over App Store policies kicks off next week.</p><p><blockquote>然而，苹果的应用商店受到了立法者和公司的挑战，他们说它成本太高，权力太大。堡垒之夜制造商Epic Games就App Store政策进行的备受关注的审判将于下周开始。</blockquote></p><p>“The App Store has been an economic miracle. Last year, the estimates are that there was over a half a trillion dollars of economic activity because of the store. And, so, this has been just an economic gamechanger for not only the United States, but several countries around the world. And, we’re going to go in and tell our story. And we’ll see where it goes. But, we’re confident,” Cook told CNBC.</p><p><blockquote>“App Store是一个经济奇迹。据估计，去年有超过5000亿美元的经济活动因为这个商店。所以，这不仅是美国的经济游戏规则改变者，也是世界上几个国家的经济规则改变者。我们将走进去讲述我们的故事。我们会看到它会走向何方。但是，我们有信心，”库克告诉CNBC。</blockquote></p><p>Apple’s gross margin was also unusually elevated for the company. Most quarters, it tends to be in the 38% to 39% range, but in the quarter ending in March, Apple reported 42.5% margins.</p><p><blockquote>苹果的毛利率也异常高。大多数季度，利润率往往在38%至39%之间，但在截至3月份的季度，苹果报告利润率为42.5%。</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 reports another blowout quarter with sales up 54%, authorizes $90 billion in share buybacks<blockquote>苹果报告又一个井喷季度销售额增长54%，授权900亿美元股票回购</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple reports another blowout quarter with sales up 54%, authorizes $90 billion in share buybacks<blockquote>苹果报告又一个井喷季度销售额增长54%，授权900亿美元股票回购</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\">2021-04-29 07:12</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>KEY POINTS</b></p><p><blockquote><b>要点</b></blockquote></p><p><ul><li>Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and&nbsp;significantly stronger profits than Wall Street expected.</li><li>Apple did not issue official guidance for what it expects in the quarter ending in June.</li><li>Apple authorized $90 billion in share buybacks.</li></ul>Apple&nbsp;reported&nbsp;a blowout quarter&nbsp;on Wednesday, announcing companywide sales up 54% higher than last year, and&nbsp;significantly stronger profits than Wall Street expected.</p><p><blockquote><ul><li>苹果周三公布了井喷季度业绩，宣布全公司销售额比去年增长54%，利润明显强于华尔街预期。</li><li>苹果没有就截至6月份的季度的预期发布官方指引。</li><li>苹果授权900亿美元的股票回购。</li></ul>苹果周三公布了井喷季度业绩，宣布全公司销售额比去年增长54%，利润明显强于华尔街预期。</blockquote></p><p>Apple stock rose over 4% at one point in extended trading.</p><p><blockquote>苹果股价在盘后交易中一度上涨超过4%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4e791f63f460807906f1793c2d58933e\" tg-width=\"1302\" tg-height=\"833\"></p><p><blockquote></blockquote></p><p>Apple reported double-digit growth in every single one of its product categories, and its&nbsp;most important product line, the iPhone, was up 65.5% from last year. Its Mac and iPad sales&nbsp;did&nbsp;better, with its computers up 70.1% and iPad&nbsp;sales&nbsp;growing nearly 79% on an annual basis.</p><p><blockquote>苹果报告称，其每个产品类别都实现了两位数的增长，其最重要的产品线iPhone比去年增长了65.5%。其Mac和iPad销量表现更好，电脑销量同比增长70.1%，iPad销量同比增长近79%。</blockquote></p><p>Apple said it would increase its dividend by 7%&nbsp;to $0.22 per share&nbsp;and authorized $90 billion in share buybacks, which is significantly higher than last year’s $50 billion outlay&nbsp;and 2019′s $75 billion.</p><p><blockquote>苹果表示，将把股息提高7%至每股0.22美元，并授权900亿美元的股票回购，这明显高于去年的500亿美元支出和2019年的750亿美元。</blockquote></p><p>Here’s how Apple did versus Refinitiv estimates:</p><p><blockquote>以下是苹果与Refinitiv估计的表现：</blockquote></p><p><ul><li><b>EPS</b>:&nbsp;$1.40&nbsp;vs. $0.99 estimated</li><li><b>Revenue</b>:&nbsp;$89.58&nbsp;billion&nbsp;vs. $77.36&nbsp;billion&nbsp;estimated, up 53.7% year-over-year</li><li><b>iPhone revenue</b>:&nbsp;$47.94 billion&nbsp;vs. $41.43&nbsp;billion&nbsp;estimated, up&nbsp;65.5% year-over-year</li><li><b>Services revenue</b>:&nbsp;$16.90 billion&nbsp;vs. $15.57&nbsp;billion&nbsp;estimated, up 26.7% year over&nbsp;year</li><li><b>Other Products revenue</b>:&nbsp;$7.83&nbsp;billion&nbsp;vs. $7.79&nbsp;billion&nbsp;estimated,&nbsp;up 24%&nbsp;year-over-year</li><li><b>Mac revenue</b>:&nbsp;$9.10&nbsp;billion&nbsp;vs. $6.86&nbsp;billion&nbsp;estimated, up 70.1% year-over-year</li><li><b>iPad revenue</b>:&nbsp;$7.80 billion&nbsp;vs. $5.58&nbsp;billion&nbsp;estimated, up 78.9% year-over-year</li><li><b>Gross margin</b>:&nbsp;42.5% vs. 39.8%&nbsp;estimated</li></ul>Apple did not issue official guidance for what it expects in the quarter ending in June. It hasn’t provided revenue&nbsp;guidance since the start of the pandemic, citing uncertainty.&nbsp;This is Apple’s second quarter in a row with double-digit growth in all product categories.&nbsp;Apple CFO Luca Maestri told analysts that the company expects June quarter revenue to rise by double digits year-over-year, although it faces some supply shortages due to the worldwide chip shortage.</p><p><blockquote><ul><li><b>EPS</b>：1.40美元对比。估计0.99美元</li><li><b>收入</b>：895.8亿美元对比。预计773.6亿美元，同比增长53.7%</li><li><b>iPhone收入</b>：479.4亿美元对比。预计为414.3亿美元，同比增长65.5%</li><li><b>服务收入</b>：169亿美元vs.预计155.7亿美元，同比增长26.7%</li><li><b>其他产品收益</b>：78.3亿美元对比。预计77.9亿美元，同比增长24%</li><li><b>Mac收入</b>：91亿美元vs.预计68.6亿美元，同比增长70.1%</li><li><b>iPad收入</b>：78亿美元vs.预计55.8亿美元，同比增长78.9%</li><li><b>毛利率</b>：42.5%vs.估计值39.8%</li></ul>苹果没有就截至6月份的季度的预期发布官方指引。自疫情开始以来，该公司一直没有提供收入指引，理由是存在不确定性。这是苹果连续第二个季度在所有产品类别中实现两位数增长。苹果首席财务官Luca Maestri告诉分析师，该公司预计6月份季度的收入将同比增长两位数，尽管由于全球芯片短缺，该公司面临一些供应短缺。</blockquote></p><p>Apple has said in the past months that its business has been boosted by the pandemic as consumers&nbsp;and businesses&nbsp;bought&nbsp;computers&nbsp;to work and entertain themselves while at home. But Apple’s strong results in the quarter suggest that the trend may persist as more economies&nbsp;open up.</p><p><blockquote>苹果在过去几个月表示，随着消费者和企业购买电脑在家工作和娱乐，其业务受到了疫情的提振。但苹果本季度的强劲业绩表明，随着更多经济体的开放，这一趋势可能会持续下去。</blockquote></p><p>Or, as Apple CEO Tim Cook said in a statement: “This quarter reflects both the enduring ways our products have helped our users meet this&nbsp;moment in their own lives, as well as the optimism consumers seem to feel about better days&nbsp;ahead for all of us.”</p><p><blockquote>或者，正如苹果首席执行官蒂姆·库克(Tim Cook)在一份声明中所说：“本季度既反映了我们的产品帮助用户在自己的生活中迎接这一时刻的持久方式，也反映了消费者似乎对所有人未来更好的日子感到乐观。我们。”</blockquote></p><p>Mac sales were up 70%, and Cook said that the result was “fueled by” the company’s introduction of its Mac&nbsp;laptops&nbsp;that used its own M1 chips&nbsp;for longer battery life, instead of processors sold by&nbsp;Intel.&nbsp;iPad sales were up&nbsp;nearly 79% year-over-year.</p><p><blockquote>Mac的销量增长了70%，库克表示，这一结果是由该公司推出的Mac笔记本电脑“推动”的，这些笔记本电脑使用了自己的M1芯片，电池寿命更长，而不是英特尔销售的处理器，iPad的销量同比增长了近79%。</blockquote></p><p>Neither of those&nbsp;results&nbsp;include iPad Pro or iMac models the company announced in March, which are expected to drive additional demand.</p><p><blockquote>这两个结果都不包括该公司3月份宣布的iPad Pro或iMac型号，预计这些型号将推动额外需求。</blockquote></p><p>“We’re seeing strong first-time buyers on the Mac&nbsp;…&nbsp;it continues to run just south of 50%,” Cook told CNBC’s Josh Lipton. “And, in China, it’s even higher than that&nbsp;…&nbsp;it’s more around two-thirds. And that speaks to people preferring to work on the Mac.”</p><p><blockquote>库克对CNBC的乔什·利普顿(Josh Lipton)表示：“我们看到Mac的首次购买者数量强劲……这一比例继续略低于50%。”“而且，在中国，这个数字甚至更高……大约是三分之二。这表明人们更喜欢在Mac上工作。”</blockquote></p><p>Apple’s iPhone also reported strong results this quarter, quelling fears that the current annual cycle could slow down. Last year, Apple released iPhones with a new exterior design and 5G support, which many investors believed could prompt a major upgrade cycle, which this quarter’s results indicate.</p><p><blockquote>苹果的iPhone本季度也公布了强劲的业绩，平息了人们对当前年度周期可能放缓的担忧。去年，苹果发布了具有新外观设计和5G支持的iPhone，许多投资者认为这可能会引发一个重大升级周期，本季度的业绩表明了这一点。</blockquote></p><p>In greater China, which includes the mainland, Hong Kong, and Taiwan,&nbsp;Apple’s revenue increased over&nbsp;87% year-over-year to $17.73 billion, although the comparison is to a quarter last year in which China was largely shut down in the early days of the pandemic.&nbsp;Every other geographical category, including the Americas and Europe, were also up on an annual basis.</p><p><blockquote>在包括大陆、香港和台湾在内的大中华区，苹果的收入同比增长超过87%，达到177.3亿美元，尽管相比之下，去年中国在疫情初期基本上处于关闭状态。其他所有地理类别，包括美洲和欧洲，也同比增长。</blockquote></p><p><img src=\"https://static.tigerbbs.com/37a8b45c92174e3c9ab224d9a85f5e2d\" tg-width=\"1910\" tg-height=\"1114\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Apple’s&nbsp;high-margin&nbsp;services business, including iCloud, App Store, and subscriptions like Apple Music, also showed 26.7% growth.</p><p><blockquote>苹果的高利润服务业务，包括iCloud、App Store和苹果音乐等订阅业务，也实现了26.7%的增长。</blockquote></p><p></p><p>One metric that Apple uses to show the growth in services is the number of subscriptions it has, which not only include its own subscriptions like Apple One, but also subscriptions through its App Store.</p><p><blockquote>苹果用来显示服务增长的一个指标是其订阅数量，其中不仅包括苹果One等自有订阅，还包括通过其App Store进行的订阅。</blockquote></p><p>“We now have over 660 million paid subscriptions across the services on the platform, and that’s up 40 million from the previous quarter, which is an acceleration from 35 million,” Cook told CNBC.</p><p><blockquote>库克对CNBC表示：“我们平台上的服务现在有超过6.6亿付费订阅，比上一季度增加了4000万，比3500万有所增长。”</blockquote></p><p>However, Apple’s App Store has been challenged by lawmakers and companies that say it costs too much and has too much power. A closely-watched trial with Fortnite maker Epic Games over App Store policies kicks off next week.</p><p><blockquote>然而，苹果的应用商店受到了立法者和公司的挑战，他们说它成本太高，权力太大。堡垒之夜制造商Epic Games就App Store政策进行的备受关注的审判将于下周开始。</blockquote></p><p>“The App Store has been an economic miracle. Last year, the estimates are that there was over a half a trillion dollars of economic activity because of the store. And, so, this has been just an economic gamechanger for not only the United States, but several countries around the world. And, we’re going to go in and tell our story. And we’ll see where it goes. But, we’re confident,” Cook told CNBC.</p><p><blockquote>“App Store是一个经济奇迹。据估计，去年有超过5000亿美元的经济活动因为这个商店。所以，这不仅是美国的经济游戏规则改变者，也是世界上几个国家的经济规则改变者。我们将走进去讲述我们的故事。我们会看到它会走向何方。但是，我们有信心，”库克告诉CNBC。</blockquote></p><p>Apple’s gross margin was also unusually elevated for the company. Most quarters, it tends to be in the 38% to 39% range, but in the quarter ending in March, Apple reported 42.5% margins.</p><p><blockquote>苹果的毛利率也异常高。大多数季度，利润率往往在38%至39%之间，但在截至3月份的季度，苹果报告利润率为42.5%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137964402","content_text":"KEY POINTSApple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and significantly stronger profits than Wall Street expected.Apple did not issue official guidance for what it expects in the quarter ending in June.Apple authorized $90 billion in share buybacks.Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and significantly stronger profits than Wall Street expected.Apple stock rose over 4% at one point in extended trading.Apple reported double-digit growth in every single one of its product categories, and its most important product line, the iPhone, was up 65.5% from last year. Its Mac and iPad sales did better, with its computers up 70.1% and iPad sales growing nearly 79% on an annual basis.Apple said it would increase its dividend by 7% to $0.22 per share and authorized $90 billion in share buybacks, which is significantly higher than last year’s $50 billion outlay and 2019′s $75 billion.Here’s how Apple did versus Refinitiv estimates:EPS: $1.40 vs. $0.99 estimatedRevenue: $89.58 billion vs. $77.36 billion estimated, up 53.7% year-over-yeariPhone revenue: $47.94 billion vs. $41.43 billion estimated, up 65.5% year-over-yearServices revenue: $16.90 billion vs. $15.57 billion estimated, up 26.7% year over yearOther Products revenue: $7.83 billion vs. $7.79 billion estimated, up 24% year-over-yearMac revenue: $9.10 billion vs. $6.86 billion estimated, up 70.1% year-over-yeariPad revenue: $7.80 billion vs. $5.58 billion estimated, up 78.9% year-over-yearGross margin: 42.5% vs. 39.8% estimatedApple did not issue official guidance for what it expects in the quarter ending in June. It hasn’t provided revenue guidance since the start of the pandemic, citing uncertainty. This is Apple’s second quarter in a row with double-digit growth in all product categories. Apple CFO Luca Maestri told analysts that the company expects June quarter revenue to rise by double digits year-over-year, although it faces some supply shortages due to the worldwide chip shortage.Apple has said in the past months that its business has been boosted by the pandemic as consumers and businesses bought computers to work and entertain themselves while at home. But Apple’s strong results in the quarter suggest that the trend may persist as more economies open up.Or, as Apple CEO Tim Cook said in a statement: “This quarter reflects both the enduring ways our products have helped our users meet this moment in their own lives, as well as the optimism consumers seem to feel about better days ahead for all of us.”Mac sales were up 70%, and Cook said that the result was “fueled by” the company’s introduction of its Mac laptops that used its own M1 chips for longer battery life, instead of processors sold by Intel. iPad sales were up nearly 79% year-over-year.Neither of those results include iPad Pro or iMac models the company announced in March, which are expected to drive additional demand.“We’re seeing strong first-time buyers on the Mac … it continues to run just south of 50%,” Cook told CNBC’s Josh Lipton. “And, in China, it’s even higher than that … it’s more around two-thirds. And that speaks to people preferring to work on the Mac.”Apple’s iPhone also reported strong results this quarter, quelling fears that the current annual cycle could slow down. Last year, Apple released iPhones with a new exterior design and 5G support, which many investors believed could prompt a major upgrade cycle, which this quarter’s results indicate.In greater China, which includes the mainland, Hong Kong, and Taiwan, Apple’s revenue increased over 87% year-over-year to $17.73 billion, although the comparison is to a quarter last year in which China was largely shut down in the early days of the pandemic. Every other geographical category, including the Americas and Europe, were also up on an annual basis.Apple’s high-margin services business, including iCloud, App Store, and subscriptions like Apple Music, also showed 26.7% growth.One metric that Apple uses to show the growth in services is the number of subscriptions it has, which not only include its own subscriptions like Apple One, but also subscriptions through its App Store.“We now have over 660 million paid subscriptions across the services on the platform, and that’s up 40 million from the previous quarter, which is an acceleration from 35 million,” Cook told CNBC.However, Apple’s App Store has been challenged by lawmakers and companies that say it costs too much and has too much power. A closely-watched trial with Fortnite maker Epic Games over App Store policies kicks off next week.“The App Store has been an economic miracle. Last year, the estimates are that there was over a half a trillion dollars of economic activity because of the store. And, so, this has been just an economic gamechanger for not only the United States, but several countries around the world. And, we’re going to go in and tell our story. And we’ll see where it goes. But, we’re confident,” Cook told CNBC.Apple’s gross margin was also unusually elevated for the company. Most quarters, it tends to be in the 38% to 39% range, but in the quarter ending in March, Apple reported 42.5% margins.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":334,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350740794,"gmtCreate":1616293828818,"gmtModify":1634526473151,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574286103228100","authorIdStr":"3574286103228100"},"themes":[],"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/350740794","repostId":"1126157111","repostType":4,"isVote":1,"tweetType":1,"viewCount":168,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":137380830,"gmtCreate":1622299663620,"gmtModify":1634102443620,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574286103228100","authorIdStr":"3574286103228100"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/137380830","repostId":"2138948877","repostType":4,"isVote":1,"tweetType":1,"viewCount":342,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":134196852,"gmtCreate":1622210503776,"gmtModify":1634182807985,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574286103228100","authorIdStr":"3574286103228100"},"themes":[],"htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/134196852","repostId":"1159760711","repostType":4,"repost":{"id":"1159760711","kind":"news","pubTimestamp":1622210255,"share":"https://www.laohu8.com/m/news/1159760711?lang=zh_CN&edition=full","pubTime":"2021-05-28 21:57","market":"us","language":"en","title":"Credit Suisse Cuts Ties With SoftBank After Greensill Crisis<blockquote>格林希尔危机后瑞士信贷切断与软银的联系</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159760711","media":"Bloomberg","summary":"(Bloomberg) -- Credit Suisse Group AG is cutting ties with SoftBank Group Corp., distancing itself f","content":"<p>(Bloomberg) -- Credit Suisse Group AG is cutting ties with SoftBank Group Corp., distancing itself from a key backer to Lex Greensill’s collapsed supply-chain finance empire after conflict of interest allegations.</p><p><blockquote>（彭博社）-瑞士信贷集团正在切断与软银集团的联系，与莱克斯·格林希尔(Lex Greensill)因利益冲突指控而崩溃的供应链金融帝国的主要支持者保持距离。</blockquote></p><p>The Swiss lender will no longer do any new business with the Japanese firm, people with knowledge of situation said, asking not to be identified because the matter is private. The decision may ripple across Credit Suisse’s investment bank: SoftBank has been a prolific deal-maker and last year Credit Suisse and other banks held about $8 billion of SoftBank shares in collateral, pledged by founder Masayoshi Son.</p><p><blockquote>知情人士表示，这家瑞士银行将不再与这家日本公司开展任何新业务。由于此事属于私人性质，因此要求匿名。这一决定可能会波及瑞士信贷的投资银行：软银一直是一个多产的交易撮合者，去年瑞士信贷和其他银行持有约80亿美元的软银股票作为抵押品，由创始人孙正义质押。</blockquote></p><p>It is unclear how long the ban lasts for, or whether it impacts any ongoing deals.</p><p><blockquote>目前尚不清楚该禁令将持续多久，也不清楚它是否会影响任何正在进行的交易。</blockquote></p><p>Credit Suisse is reviewing its risk and client relationships after being hit by the twin collapses of Greensill and Archegos Capital Management. New Chairman Antonio-Horta Osorio has pledged a wide-ranging review after the bank was forced to suspend billions of dollars of funds it managed with Greensill and took a $5.5 billion hit on Archegos, raising questions about the oversight of key clients.</p><p><blockquote>在遭受Greensill和Archegos Capital Management双重倒闭的打击后，瑞士信贷正在审查其风险和客户关系。新任董事长安东尼奥-奥尔塔·奥索里奥(Antonio-Horta Osorio)承诺进行广泛审查，此前该银行被迫暂停与Greensill管理的数十亿美元资金，并对Archegos遭受了55亿美元的打击，引发了人们对关键客户监管的质疑。</blockquote></p><p>A Tokyo-based spokesperson at SoftBank Group wasn’t immediately available to comment, while Credit Suisse declined to comment.</p><p><blockquote>软银集团驻东京发言人未能立即置评，而瑞士信贷则拒绝置评。</blockquote></p><p>Credit Suisse conducted an internal review into the Greensill funds after allegations of possible conflicts of interest involving SoftBank last year. A number of SoftBank portfolio companies received loans via supply-chain funds at Credit Suisse, while SoftBank was also an investor in the Credit Suisse funds. In the aftermath, SoftBank pulled $700 million out of the funds and the bank also changed its investment guidelines for Credit Suisse’s funds to reduce the maximum exposure to a single borrower.</p><p><blockquote>去年，在软银被指控可能存在利益冲突后，瑞士信贷对Greensill基金进行了内部审查。软银的许多投资组合公司通过瑞士信贷的供应链基金获得贷款，而软银也是瑞士信贷基金的投资者。随后，软银从这些基金中撤出了7亿美元，该银行还改变了对瑞士信贷基金的投资准则，以减少对单一借款人的最大敞口。</blockquote></p><p>Credit Suisse Overhauls Rules for Funds Accused of Conflicts</p><p><blockquote>瑞士信贷彻底改革被指控存在冲突的基金规则</blockquote></p><p>The overlapping financial relationships had raised questions whether SoftBank was using the Credit Suisse funds to prop up investments in the Vision Fund, including Greensill Capital, in which it had a substantial stake.</p><p><blockquote>重叠的财务关系引发了人们的疑问，即软银是否在利用瑞士信贷的资金来支持对愿景基金的投资，包括其持有大量股份的Greensill Capital。</blockquote></p><p>SoftBank wrote down its $1.5 billion holding of Greensill to close to zero after Credit Suisse was forced to wind down its four Greensill-linked funds in March, people familiar with the matter earlier said. SoftBank is now seeking $1.15 billion in claims as part of Greensill’s insolvency proceedings.</p><p><blockquote>知情人士早些时候表示，在瑞士信贷3月份被迫清盘其四只与Greensill相关的基金后，软银将其持有的15亿美元Greensill减记至接近于零。作为Greensill破产程序的一部分，软银目前正在寻求11.5亿美元的索赔。</blockquote></p><p>Credit Suisse marketed its popular supply-chain finance funds as among the safest investments it offered, because the loans they held were backed by invoices usually paid in weeks and the funds were insured. But as the funds grew into a $10 billion strategy, they strayed from that pitch and much of the money was lent through Greensill against expected future invoices, for sales that were merely predicted. The firm’s collapse forced Credit Suisse to liquidate the funds, and investors finally payment is still uncertain.</p><p><blockquote>瑞士信贷将其广受欢迎的供应链金融基金宣传为其提供的最安全的投资之一，因为它们持有的贷款有发票支持，通常在几周内支付，而且资金也有保险。但随着这些基金发展成为100亿美元的战略，他们偏离了这一目标，大部分资金是通过Greensill根据预期的未来发票借出的，用于仅仅是预测的销售。该公司的倒闭迫使瑞士信贷清算资金，投资者最终的付款仍不确定。</blockquote></p><p></p>","source":"lsy1612507957220","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>Credit Suisse Cuts Ties With SoftBank After Greensill Crisis<blockquote>格林希尔危机后瑞士信贷切断与软银的联系</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\">\nCredit Suisse Cuts Ties With SoftBank After Greensill Crisis<blockquote>格林希尔危机后瑞士信贷切断与软银的联系</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2021-05-28 21:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Bloomberg) -- Credit Suisse Group AG is cutting ties with SoftBank Group Corp., distancing itself from a key backer to Lex Greensill’s collapsed supply-chain finance empire after conflict of interest allegations.</p><p><blockquote>（彭博社）-瑞士信贷集团正在切断与软银集团的联系，与莱克斯·格林希尔(Lex Greensill)因利益冲突指控而崩溃的供应链金融帝国的主要支持者保持距离。</blockquote></p><p>The Swiss lender will no longer do any new business with the Japanese firm, people with knowledge of situation said, asking not to be identified because the matter is private. The decision may ripple across Credit Suisse’s investment bank: SoftBank has been a prolific deal-maker and last year Credit Suisse and other banks held about $8 billion of SoftBank shares in collateral, pledged by founder Masayoshi Son.</p><p><blockquote>知情人士表示，这家瑞士银行将不再与这家日本公司开展任何新业务。由于此事属于私人性质，因此要求匿名。这一决定可能会波及瑞士信贷的投资银行：软银一直是一个多产的交易撮合者，去年瑞士信贷和其他银行持有约80亿美元的软银股票作为抵押品，由创始人孙正义质押。</blockquote></p><p>It is unclear how long the ban lasts for, or whether it impacts any ongoing deals.</p><p><blockquote>目前尚不清楚该禁令将持续多久，也不清楚它是否会影响任何正在进行的交易。</blockquote></p><p>Credit Suisse is reviewing its risk and client relationships after being hit by the twin collapses of Greensill and Archegos Capital Management. New Chairman Antonio-Horta Osorio has pledged a wide-ranging review after the bank was forced to suspend billions of dollars of funds it managed with Greensill and took a $5.5 billion hit on Archegos, raising questions about the oversight of key clients.</p><p><blockquote>在遭受Greensill和Archegos Capital Management双重倒闭的打击后，瑞士信贷正在审查其风险和客户关系。新任董事长安东尼奥-奥尔塔·奥索里奥(Antonio-Horta Osorio)承诺进行广泛审查，此前该银行被迫暂停与Greensill管理的数十亿美元资金，并对Archegos遭受了55亿美元的打击，引发了人们对关键客户监管的质疑。</blockquote></p><p>A Tokyo-based spokesperson at SoftBank Group wasn’t immediately available to comment, while Credit Suisse declined to comment.</p><p><blockquote>软银集团驻东京发言人未能立即置评，而瑞士信贷则拒绝置评。</blockquote></p><p>Credit Suisse conducted an internal review into the Greensill funds after allegations of possible conflicts of interest involving SoftBank last year. A number of SoftBank portfolio companies received loans via supply-chain funds at Credit Suisse, while SoftBank was also an investor in the Credit Suisse funds. In the aftermath, SoftBank pulled $700 million out of the funds and the bank also changed its investment guidelines for Credit Suisse’s funds to reduce the maximum exposure to a single borrower.</p><p><blockquote>去年，在软银被指控可能存在利益冲突后，瑞士信贷对Greensill基金进行了内部审查。软银的许多投资组合公司通过瑞士信贷的供应链基金获得贷款，而软银也是瑞士信贷基金的投资者。随后，软银从这些基金中撤出了7亿美元，该银行还改变了对瑞士信贷基金的投资准则，以减少对单一借款人的最大敞口。</blockquote></p><p>Credit Suisse Overhauls Rules for Funds Accused of Conflicts</p><p><blockquote>瑞士信贷彻底改革被指控存在冲突的基金规则</blockquote></p><p>The overlapping financial relationships had raised questions whether SoftBank was using the Credit Suisse funds to prop up investments in the Vision Fund, including Greensill Capital, in which it had a substantial stake.</p><p><blockquote>重叠的财务关系引发了人们的疑问，即软银是否在利用瑞士信贷的资金来支持对愿景基金的投资，包括其持有大量股份的Greensill Capital。</blockquote></p><p>SoftBank wrote down its $1.5 billion holding of Greensill to close to zero after Credit Suisse was forced to wind down its four Greensill-linked funds in March, people familiar with the matter earlier said. SoftBank is now seeking $1.15 billion in claims as part of Greensill’s insolvency proceedings.</p><p><blockquote>知情人士早些时候表示，在瑞士信贷3月份被迫清盘其四只与Greensill相关的基金后，软银将其持有的15亿美元Greensill减记至接近于零。作为Greensill破产程序的一部分，软银目前正在寻求11.5亿美元的索赔。</blockquote></p><p>Credit Suisse marketed its popular supply-chain finance funds as among the safest investments it offered, because the loans they held were backed by invoices usually paid in weeks and the funds were insured. But as the funds grew into a $10 billion strategy, they strayed from that pitch and much of the money was lent through Greensill against expected future invoices, for sales that were merely predicted. The firm’s collapse forced Credit Suisse to liquidate the funds, and investors finally payment is still uncertain.</p><p><blockquote>瑞士信贷将其广受欢迎的供应链金融基金宣传为其提供的最安全的投资之一，因为它们持有的贷款有发票支持，通常在几周内支付，而且资金也有保险。但随着这些基金发展成为100亿美元的战略，他们偏离了这一目标，大部分资金是通过Greensill根据预期的未来发票借出的，用于仅仅是预测的销售。该公司的倒闭迫使瑞士信贷清算资金，投资者最终的付款仍不确定。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/credit-suisse-cuts-ties-softbank-132036883.html\">Bloomberg</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/credit-suisse-cuts-ties-softbank-132036883.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159760711","content_text":"(Bloomberg) -- Credit Suisse Group AG is cutting ties with SoftBank Group Corp., distancing itself from a key backer to Lex Greensill’s collapsed supply-chain finance empire after conflict of interest allegations.The Swiss lender will no longer do any new business with the Japanese firm, people with knowledge of situation said, asking not to be identified because the matter is private. The decision may ripple across Credit Suisse’s investment bank: SoftBank has been a prolific deal-maker and last year Credit Suisse and other banks held about $8 billion of SoftBank shares in collateral, pledged by founder Masayoshi Son.It is unclear how long the ban lasts for, or whether it impacts any ongoing deals.Credit Suisse is reviewing its risk and client relationships after being hit by the twin collapses of Greensill and Archegos Capital Management. New Chairman Antonio-Horta Osorio has pledged a wide-ranging review after the bank was forced to suspend billions of dollars of funds it managed with Greensill and took a $5.5 billion hit on Archegos, raising questions about the oversight of key clients.A Tokyo-based spokesperson at SoftBank Group wasn’t immediately available to comment, while Credit Suisse declined to comment.Credit Suisse conducted an internal review into the Greensill funds after allegations of possible conflicts of interest involving SoftBank last year. A number of SoftBank portfolio companies received loans via supply-chain funds at Credit Suisse, while SoftBank was also an investor in the Credit Suisse funds. In the aftermath, SoftBank pulled $700 million out of the funds and the bank also changed its investment guidelines for Credit Suisse’s funds to reduce the maximum exposure to a single borrower.Credit Suisse Overhauls Rules for Funds Accused of ConflictsThe overlapping financial relationships had raised questions whether SoftBank was using the Credit Suisse funds to prop up investments in the Vision Fund, including Greensill Capital, in which it had a substantial stake.SoftBank wrote down its $1.5 billion holding of Greensill to close to zero after Credit Suisse was forced to wind down its four Greensill-linked funds in March, people familiar with the matter earlier said. SoftBank is now seeking $1.15 billion in claims as part of Greensill’s insolvency proceedings.Credit Suisse marketed its popular supply-chain finance funds as among the safest investments it offered, because the loans they held were backed by invoices usually paid in weeks and the funds were insured. But as the funds grew into a $10 billion strategy, they strayed from that pitch and much of the money was lent through Greensill against expected future invoices, for sales that were merely predicted. The firm’s collapse forced Credit Suisse to liquidate the funds, and investors finally payment is still uncertain.","news_type":1,"symbols_score_info":{"CS":0.9}},"isVote":1,"tweetType":1,"viewCount":458,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139142532,"gmtCreate":1621603900426,"gmtModify":1634187725099,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574286103228100","authorIdStr":"3574286103228100"},"themes":[],"htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/139142532","repostId":"1178134052","repostType":4,"repost":{"id":"1178134052","kind":"news","pubTimestamp":1621603581,"share":"https://www.laohu8.com/m/news/1178134052?lang=zh_CN&edition=full","pubTime":"2021-05-21 21:26","market":"us","language":"en","title":"Forget Bitcoin - 5 Reasons To Buy Coinbase Instead<blockquote>忘记比特币——购买Coinbase的5个理由</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1178134052","media":"seekingalpha","summary":"Summary\n\nWhile BTC has tremendous upside potential if bullish projections play out, we invest for th","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>While BTC has tremendous upside potential if bullish projections play out, we invest for the best risk-reward profile, not simply the best reward potential.</li>  <li>We believe that COIN offers investors the best risk-reward in today's crypto market.</li>  <li>We share 5 reasons why.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b022fdf1e4f4d4a467df29622f4ff73a\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Photo by Movus/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>虽然如果看涨预测实现，BTC具有巨大的上涨潜力，但我们投资的是最佳的风险回报状况，而不仅仅是最佳的回报潜力。</li><li>我们相信COIN为投资者提供了当今加密货币市场中最好的风险回报。</li><li>我们分享5个原因。</li></ul><p class=\"t-img-caption\"><span>摄影：Movus/iStock社论来自Getty Images</span></p></blockquote></p><p> While Bitcoin (BTC-USD) has tremendous upside potential&nbsp;bullish projections&nbsp;of $500k+ per coin from the likes of Ark Invest's (ARKK) Cathie Wood play out, we invest for the best risk-reward profile, not simply the best reward potential.</p><p><blockquote>虽然比特币(BTC-USD)具有巨大的上涨潜力，Ark Invest(ARKK)的Cathie Wood等人对每枚硬币的看涨预测为50万美元以上，但我们投资是为了获得最佳的风险回报状况，而不仅仅是最佳的回报潜力。</blockquote></p><p> As a result, since we believe that Coinbase (COIN) offers investors the best risk-reward in today's crypto market, we would prefer to invest there instead of directly into individual cryptocurrencies in today's market. In the following paragraphs, we share 5 reasons why:</p><p><blockquote>因此，由于我们相信Coinbase(COIN)为投资者提供了当今加密货币市场中最好的风险回报，因此我们更愿意投资那里，而不是直接投资当今市场上的单个加密货币。在以下段落中，我们分享了5个原因：</blockquote></p><p> <b>#1. COIN Is A Growing Business</b></p><p><blockquote><b>#1.COIN是一项不断增长的业务</b></blockquote></p><p> As a highly profitable business, COIN generates actual cash flow that causes its intrinsic value to grow over time. As a result, it is a true wealth compounder that, assuming the business remains profitable, will result in its owners becoming richer over the long term. Buying and holding shares of COIN is an investment that has the potential to increase the wealth of an individual based on growing cash flows and improving business fundamentals.</p><p><blockquote>作为一项高利润的业务，COIN产生实际现金流，使其内在价值随着时间的推移而增长。因此，它是一个真正的财富复利器，假设企业保持盈利，从长远来看，它将使其所有者变得更加富有。购买和持有COIN股票是一项投资，有可能在现金流增长和业务基本面改善的基础上增加个人财富。</blockquote></p><p> In contrast, Bitcoins do not procreate nor generate cash flow. All it can do is increase or decrease in price relative to U.S. Dollars or other assets based on people's ever-changing desire to own it. As a result, holding it is not an investment, but rather a speculation on the future that Bitcoin will be in greater demand then than it is now.</p><p><blockquote>相比之下，比特币既不生育也不产生现金流。它所能做的就是根据人们不断变化的拥有它的欲望，相对于美元或其他资产的价格上涨或下跌。因此，持有它并不是一种投资，而是对未来的一种猜测，即比特币届时的需求将比现在更大。</blockquote></p><p> As Warren Buffett said in his&nbsp;2011 Letter to Shareholders:</p><p><blockquote>正如沃伦·巴菲特在2011年致股东的信中所说：</blockquote></p><p>   <i>If you own one ounce of gold for an eternity, you will still own one ounce at its end ... Owners are not inspired by what the asset itself can produce — it will remain lifeless forever — but rather by the belief that others will desire it even more avidly in the future.</i>  Bitcoin - known as digital gold - could be described very similarly. While we do in fact own some gold (GLD), we also do not view it as an investment but rather as an asset that serves a purpose as an insurance mechanism as a time-tested and inflation-resistant medium of exchange. For exposure to gold in our investment portfolio, we&nbsp;buy gold miners&nbsp;instead. We view COIN as serving a similar purpose in our exposure to the crypto world.</p><p><blockquote><i>如果你永远拥有一盎司黄金，你最终仍然会拥有一盎司...所有者的灵感不是来自资产本身能产生什么——它将永远没有生命——而是来自这样一种信念，即其他人在未来会更加渴望它。</i>比特币——被称为数字黄金——可以用非常相似的方式来描述。虽然我们实际上拥有一些黄金(GLD)，但我们也不将其视为一种投资，而是一种资产，作为一种保险机制，作为一种久经考验且抗通胀的交易媒介。对于我们投资组合中的黄金敞口，我们转而购买金矿公司。我们认为COIN在我们接触加密世界时也有类似的目的。</blockquote></p><p> <b>#2. COIN Is Diversified Across 100+ Cryptocurrencies</b></p><p><blockquote><b>#2.COIN多元化跨越100多种加密货币</b></blockquote></p><p> Bitcoin is one of an ever-increasing number of cryptocurrencies that already number in the hundreds. As a result, it faces heavy competition and the constant threat of innovation and disruption displacing it as the leading cryptocurrency and eventually causing its value to fall. Furthermore, it faces regulatory and even ban risks, especially since the majority of its processing power is located in countries that are often considered strategic rivals or even adversaries of the West, including China, Russia, Iran, and Pakistan. Last, but not least, Bitcoin's price has proven to be extremely volatile, as the last two weeks have made clear:</p><p><blockquote>比特币是越来越多的加密货币之一，已经有数百种。因此，它面临着激烈的竞争以及创新和颠覆的持续威胁，取代了它作为领先加密货币的地位，并最终导致其价值下跌。此外，它还面临监管甚至禁令风险，特别是因为其大部分处理能力位于通常被视为西方战略对手甚至对手的国家，包括中国、俄罗斯、伊朗和巴基斯坦。最后但并非最不重要的一点是，比特币的价格已被证明极其不稳定，过去两周已经清楚地表明：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0748a1a4f030bb30e23bc37a8352c208\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> In contrast, COIN is diversified across over a hundred cryptocurrencies, thereby insulating it against any single cryptocurrency's collapse. If China were to ban Bitcoin and effectively seize control of most of its mining activity, for example, it would be devastating to the price - and processing power - of Bitcoin. While it would still likely hurt COIN's cash flows and share price meaningfully, the impact would be much less significant for COIN than what Bitcoin would face and it would be able to move forward with other cryptocurrencies in the place of Bitcoin.</p><p><blockquote>相比之下，COIN分散在一百多种加密货币中，从而使其免受任何单一加密货币崩溃的影响。例如，如果中国禁止比特币并有效控制其大部分采矿活动，这将对比特币的价格和加工能力造成毁灭性打击。虽然这仍可能对COIN的现金流和股价造成重大损害，但对COIN的影响远不如比特币所面临的影响严重，而且它将能够用其他加密货币取代比特币。</blockquote></p><p> <b>#3. COIN Profits Even When Cryptocurrencies Are Crashing</b></p><p><blockquote><b>#3.即使加密货币崩溃，代币也能获利</b></blockquote></p><p> While Bitcoin's profit-loss proposition rises and falls directly with the price of Bitcoin, COIN's profits are not tied directly to rising cryptocurrency prices. Instead, it earns the majority of its profits from transaction fees, meaning that as long as there is high volume in cryptocurrencies, they will be making high profits. Furthermore, since it deals in over a hundred cryptocurrencies, it is not reliant on high volume in any single cryptocurrency, but instead profits from the overall popularity of cryptocurrencies.</p><p><blockquote>虽然比特币的盈亏命题直接随着比特币价格的上涨和下跌，但COIN的利润并没有与加密货币价格的上涨直接挂钩。相反，它的大部分利润来自交易费，这意味着只要加密货币交易量大，他们就会获得高额利润。此外，由于它交易100多种加密货币，它并不依赖于任何单一加密货币的高交易量，而是从加密货币的整体受欢迎程度中获利。</blockquote></p><p></p><p> As a result, whether people are swarming the gate, trying to board the crypto bandwagon, or racing for the exits in a crypto sell-off, COIN is poised to reap massive profits, making it a more defensive and non-correlated asset than Bitcoin. This further boosts its risk-reward profile.</p><p><blockquote>因此，无论人们是蜂拥而至，试图登上加密货币潮流，还是在加密货币抛售中竞相退出，COIN都有望获得巨额利润，使其成为比比特币更具防御性和不相关的资产。这进一步提高了其风险回报状况。</blockquote></p><p> <b>#4. COIN Is Diversifying Into Ancillary Businesses</b></p><p><blockquote><b>#4.COIN正在多元化发展辅助业务</b></blockquote></p><p> While COIN operates from a similar competitive position as Bitcoin in that it enjoys a significant network advantage and early-mover status, it also faces significant competition from other similar platforms that are constantly innovating and trying to gain an advantage over it. However, COIN enjoys one key advantage over Bitcoin in this arena: it is a business with intelligent management executing a long-term strategy and a small army of highly talented software engineers and programmers, while Bitcoin is a lifeless and static asset.</p><p><blockquote>虽然COIN的竞争地位与比特币相似，因为它享有显着的网络优势和先发地位，但它也面临着来自其他类似平台的激烈竞争，这些平台不断创新并试图获得对它的优势。然而，在这一领域，COIN比比特币拥有一个关键优势：它是一家拥有智能管理、执行长期战略的企业，拥有一支由才华横溢的软件工程师和程序员组成的小型军队，而比特币则是一种没有生命的静态资产。</blockquote></p><p> While this can be a blessing in that Bitcoin does not contain the risk of making any strategic blunders or misallocating shareholder capital, overall we view it as a major negative for Bitcoin because, in a space where innovation is the name of the game, it increases the chance that eventually Bitcoin will be displaced and bypassed by competing cryptocurrencies whereas COIN can continually evolve and pivot at or ahead of the pace of innovation to sustain and strengthen its competitive edge.</p><p><blockquote>虽然这可能是一件幸事，因为比特币不存在犯任何战略错误或不当分配股东资本的风险，但总体而言，我们认为这对比特币来说是一个重大负面影响，因为在一个以创新为游戏名称的领域，它增加了比特币最终被竞争加密货币取代和绕过的机会，而COIN可以不断发展并以创新步伐或领先于创新步伐，以维持和加强其竞争优势。</blockquote></p><p> In fact, COIN is already&nbsp;aggressively reinvesting&nbsp;its profits into doing just this. While its exchange business makes up the majority of its profits and management maintains that - despite growing competition - the accelerating demand for cryptocurrency means that margin compression on this business is unlikely anytime soon, they do expect margin compression to occur here over the long term as it would in any wildly profitable business without massive barriers to entry.</p><p><blockquote>事实上，COIN已经在积极地将其利润再投资于此。虽然其交易所业务占其利润的大部分，而且管理层坚持认为——尽管竞争日益激烈——对加密货币的需求不断增长意味着该业务的利润率不太可能在短期内压缩，但他们确实预计从长远来看，利润率压缩将会发生，就像任何没有巨大进入壁垒的利润丰厚的业务一样。</blockquote></p><p> As a result, management is making multiple investments today in order to grow diverse revenue streams that will lead to more stable and secure income over the long term. Within 5 years,management expects&nbsp;more than 50% of their revenue to come from sources other than transaction fees.</p><p><blockquote>因此，管理层目前正在进行多项投资，以增加多样化的收入来源，从而带来更稳定、更安全的长期收入。5年内，管理层预计超过50%的收入将来自交易费以外的来源。</blockquote></p><p> Ultimately, COIN sees itself as a cryptocurrency infrastructure business that offers a wide array of services and tools that enable people to access, exchange, store, and optimize their use of cryptocurrency and blockchain technology. Businesses they are already growing and/or exploring include a cryptocurrency cash back credit card through a partnership with Visa (V), a custody/vault business for institutions that uses proprietary cybersecurity technology, cryptocurrency loans, deposit accounts, and new innovative forms of transactions that are not even on the public radar yet, making them a virtual infrastructure, cybersecurity, exchange, and fintech business all in one.</p><p><blockquote>最终，COIN将自己视为一家加密货币基础设施企业，提供广泛的服务和工具，使人们能够访问、交换、存储和优化他们对加密货币和区块链技术的使用。他们已经在发展和/或探索的业务包括通过与Visa（V）合作推出的加密货币现金返还信用卡，这是一项针对使用专有网络安全技术、加密货币贷款、存款账户和新的创新交易形式的机构的托管/金库业务，这些交易甚至还没有出现在公众的雷达上，使它们成为虚拟基础设施、网络安全、交易所和金融科技业务的集合体。</blockquote></p><p> They are also investing in cryptocurrency startup companies that many of their ex-employees have gone on to found. As a result, they are positioning themselves to benefit from further external innovation in the space while also insulating against being disrupted by new technologies and applications built by former company insiders.</p><p><blockquote>他们还投资了许多前雇员后来创立的加密货币初创公司。因此，他们将自己定位为从该领域的进一步外部创新中受益，同时也免受前公司内部人员构建的新技术和应用程序的干扰。</blockquote></p><p> With just 50 million current members and ~1 billion estimated potential users, the growth runway for COIN remains massive and could easily lead to&nbsp;exponential growth in the years to come, especially if cryptos continue to grow rapidly in acceptance and popularity.</p><p><blockquote>COIN目前只有5000万会员，预计潜在用户约为10亿，因此COIN的增长跑道仍然很大，很容易在未来几年实现指数级增长，特别是如果加密货币的接受度和受欢迎程度继续快速增长的话。</blockquote></p><p> <b>#5. COIN Is Easier To Value Than Cryptocurrencies</b></p><p><blockquote><b>#5.硬币比加密货币更容易估值</b></blockquote></p><p> Last, but not least, COIN's ability to generate profits gives it an intrinsic value. While Bitcoin's true value is ultimately anyone's guess as it fully depends on speculation, the ever-changing whims of consumers, and the hope that nothing better comes along through the innovation pipeline, COIN brings actual profitability and new business innovation to the table. As a result, we can have a better idea of what an attractive price would be for COIN than for Bitcoin. As value investors, we greatly prefer this method.</p><p><blockquote>最后但并非最不重要的一点是，COIN产生利润的能力赋予了它内在价值。虽然比特币的真正价值最终是任何人的猜测，因为它完全取决于猜测、消费者不断变化的突发奇想以及对创新管道不会出现更好的希望，但COIN带来了实际的盈利能力和新的业务创新。因此，我们可以更好地了解COIN比比特币更有吸引力的价格。作为价值投资者，我们非常喜欢这种方法。</blockquote></p><p> <b>Investor Takeaway</b></p><p><blockquote><b>投资者要点</b></blockquote></p><p> As we stated previously about gold, there is certainly a case to be made that popular cryptocurrencies have a place in a diversified portfolio. In fact, we also expect that Bitcoin has higher upside potential than COIN if it can continue to grow in acceptance and utilization by companies and institutions across the world.</p><p><blockquote>正如我们之前关于黄金的说法，流行的加密货币在多元化投资组合中占有一席之地肯定是有理由的。事实上，我们也预计，如果比特币能够在全球企业和机构的接受度和利用率方面继续增长，它将比COIN具有更高的上涨潜力。</blockquote></p><p></p><p> That said, as value investors we like to invest rather than speculate and also try to maximize our risk-reward profile. Given that COIN generates actual cash flows to generate long-term growth, it enjoys significant diversification across the broad cryptocurrency space, it is not directly correlated to rising cryptocurrency prices and may profit even during a crypto crash, is diversifying into becoming a crypto infrastructure company, and has actual intrinsic value instead of being a mere speculative asset, COIN is our favorite pick for exposure to the cryptocurrency space.</p><p><blockquote>也就是说，作为价值投资者，我们喜欢投资而不是投机，并努力最大化我们的风险回报状况。鉴于COIN产生实际现金流以实现长期增长，它在广泛的加密货币领域享有显着的多元化，它与加密货币价格上涨没有直接关系，即使在加密货币崩盘期间也可能获利，正在多元化成为加密货币基础设施公司，并且具有实际的内在价值，而不仅仅是投机资产，COIN是我们投资加密货币领域最喜欢的选择。</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>Forget Bitcoin - 5 Reasons To Buy Coinbase Instead<blockquote>忘记比特币——购买Coinbase的5个理由</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nForget Bitcoin - 5 Reasons To Buy Coinbase Instead<blockquote>忘记比特币——购买Coinbase的5个理由</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-05-21 21:26</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>While BTC has tremendous upside potential if bullish projections play out, we invest for the best risk-reward profile, not simply the best reward potential.</li>  <li>We believe that COIN offers investors the best risk-reward in today's crypto market.</li>  <li>We share 5 reasons why.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b022fdf1e4f4d4a467df29622f4ff73a\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Photo by Movus/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>虽然如果看涨预测实现，BTC具有巨大的上涨潜力，但我们投资的是最佳的风险回报状况，而不仅仅是最佳的回报潜力。</li><li>我们相信COIN为投资者提供了当今加密货币市场中最好的风险回报。</li><li>我们分享5个原因。</li></ul><p class=\"t-img-caption\"><span>摄影：Movus/iStock社论来自Getty Images</span></p></blockquote></p><p> While Bitcoin (BTC-USD) has tremendous upside potential&nbsp;bullish projections&nbsp;of $500k+ per coin from the likes of Ark Invest's (ARKK) Cathie Wood play out, we invest for the best risk-reward profile, not simply the best reward potential.</p><p><blockquote>虽然比特币(BTC-USD)具有巨大的上涨潜力，Ark Invest(ARKK)的Cathie Wood等人对每枚硬币的看涨预测为50万美元以上，但我们投资是为了获得最佳的风险回报状况，而不仅仅是最佳的回报潜力。</blockquote></p><p> As a result, since we believe that Coinbase (COIN) offers investors the best risk-reward in today's crypto market, we would prefer to invest there instead of directly into individual cryptocurrencies in today's market. In the following paragraphs, we share 5 reasons why:</p><p><blockquote>因此，由于我们相信Coinbase(COIN)为投资者提供了当今加密货币市场中最好的风险回报，因此我们更愿意投资那里，而不是直接投资当今市场上的单个加密货币。在以下段落中，我们分享了5个原因：</blockquote></p><p> <b>#1. COIN Is A Growing Business</b></p><p><blockquote><b>#1.COIN是一项不断增长的业务</b></blockquote></p><p> As a highly profitable business, COIN generates actual cash flow that causes its intrinsic value to grow over time. As a result, it is a true wealth compounder that, assuming the business remains profitable, will result in its owners becoming richer over the long term. Buying and holding shares of COIN is an investment that has the potential to increase the wealth of an individual based on growing cash flows and improving business fundamentals.</p><p><blockquote>作为一项高利润的业务，COIN产生实际现金流，使其内在价值随着时间的推移而增长。因此，它是一个真正的财富复利器，假设企业保持盈利，从长远来看，它将使其所有者变得更加富有。购买和持有COIN股票是一项投资，有可能在现金流增长和业务基本面改善的基础上增加个人财富。</blockquote></p><p> In contrast, Bitcoins do not procreate nor generate cash flow. All it can do is increase or decrease in price relative to U.S. Dollars or other assets based on people's ever-changing desire to own it. As a result, holding it is not an investment, but rather a speculation on the future that Bitcoin will be in greater demand then than it is now.</p><p><blockquote>相比之下，比特币既不生育也不产生现金流。它所能做的就是根据人们不断变化的拥有它的欲望，相对于美元或其他资产的价格上涨或下跌。因此，持有它并不是一种投资，而是对未来的一种猜测，即比特币届时的需求将比现在更大。</blockquote></p><p> As Warren Buffett said in his&nbsp;2011 Letter to Shareholders:</p><p><blockquote>正如沃伦·巴菲特在2011年致股东的信中所说：</blockquote></p><p>   <i>If you own one ounce of gold for an eternity, you will still own one ounce at its end ... Owners are not inspired by what the asset itself can produce — it will remain lifeless forever — but rather by the belief that others will desire it even more avidly in the future.</i>  Bitcoin - known as digital gold - could be described very similarly. While we do in fact own some gold (GLD), we also do not view it as an investment but rather as an asset that serves a purpose as an insurance mechanism as a time-tested and inflation-resistant medium of exchange. For exposure to gold in our investment portfolio, we&nbsp;buy gold miners&nbsp;instead. We view COIN as serving a similar purpose in our exposure to the crypto world.</p><p><blockquote><i>如果你永远拥有一盎司黄金，你最终仍然会拥有一盎司...所有者的灵感不是来自资产本身能产生什么——它将永远没有生命——而是来自这样一种信念，即其他人在未来会更加渴望它。</i>比特币——被称为数字黄金——可以用非常相似的方式来描述。虽然我们实际上拥有一些黄金(GLD)，但我们也不将其视为一种投资，而是一种资产，作为一种保险机制，作为一种久经考验且抗通胀的交易媒介。对于我们投资组合中的黄金敞口，我们转而购买金矿公司。我们认为COIN在我们接触加密世界时也有类似的目的。</blockquote></p><p> <b>#2. COIN Is Diversified Across 100+ Cryptocurrencies</b></p><p><blockquote><b>#2.COIN多元化跨越100多种加密货币</b></blockquote></p><p> Bitcoin is one of an ever-increasing number of cryptocurrencies that already number in the hundreds. As a result, it faces heavy competition and the constant threat of innovation and disruption displacing it as the leading cryptocurrency and eventually causing its value to fall. Furthermore, it faces regulatory and even ban risks, especially since the majority of its processing power is located in countries that are often considered strategic rivals or even adversaries of the West, including China, Russia, Iran, and Pakistan. Last, but not least, Bitcoin's price has proven to be extremely volatile, as the last two weeks have made clear:</p><p><blockquote>比特币是越来越多的加密货币之一，已经有数百种。因此，它面临着激烈的竞争以及创新和颠覆的持续威胁，取代了它作为领先加密货币的地位，并最终导致其价值下跌。此外，它还面临监管甚至禁令风险，特别是因为其大部分处理能力位于通常被视为西方战略对手甚至对手的国家，包括中国、俄罗斯、伊朗和巴基斯坦。最后但并非最不重要的一点是，比特币的价格已被证明极其不稳定，过去两周已经清楚地表明：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0748a1a4f030bb30e23bc37a8352c208\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> In contrast, COIN is diversified across over a hundred cryptocurrencies, thereby insulating it against any single cryptocurrency's collapse. If China were to ban Bitcoin and effectively seize control of most of its mining activity, for example, it would be devastating to the price - and processing power - of Bitcoin. While it would still likely hurt COIN's cash flows and share price meaningfully, the impact would be much less significant for COIN than what Bitcoin would face and it would be able to move forward with other cryptocurrencies in the place of Bitcoin.</p><p><blockquote>相比之下，COIN分散在一百多种加密货币中，从而使其免受任何单一加密货币崩溃的影响。例如，如果中国禁止比特币并有效控制其大部分采矿活动，这将对比特币的价格和加工能力造成毁灭性打击。虽然这仍可能对COIN的现金流和股价造成重大损害，但对COIN的影响远不如比特币所面临的影响严重，而且它将能够用其他加密货币取代比特币。</blockquote></p><p> <b>#3. COIN Profits Even When Cryptocurrencies Are Crashing</b></p><p><blockquote><b>#3.即使加密货币崩溃，代币也能获利</b></blockquote></p><p> While Bitcoin's profit-loss proposition rises and falls directly with the price of Bitcoin, COIN's profits are not tied directly to rising cryptocurrency prices. Instead, it earns the majority of its profits from transaction fees, meaning that as long as there is high volume in cryptocurrencies, they will be making high profits. Furthermore, since it deals in over a hundred cryptocurrencies, it is not reliant on high volume in any single cryptocurrency, but instead profits from the overall popularity of cryptocurrencies.</p><p><blockquote>虽然比特币的盈亏命题直接随着比特币价格的上涨和下跌，但COIN的利润并没有与加密货币价格的上涨直接挂钩。相反，它的大部分利润来自交易费，这意味着只要加密货币交易量大，他们就会获得高额利润。此外，由于它交易100多种加密货币，它并不依赖于任何单一加密货币的高交易量，而是从加密货币的整体受欢迎程度中获利。</blockquote></p><p></p><p> As a result, whether people are swarming the gate, trying to board the crypto bandwagon, or racing for the exits in a crypto sell-off, COIN is poised to reap massive profits, making it a more defensive and non-correlated asset than Bitcoin. This further boosts its risk-reward profile.</p><p><blockquote>因此，无论人们是蜂拥而至，试图登上加密货币潮流，还是在加密货币抛售中竞相退出，COIN都有望获得巨额利润，使其成为比比特币更具防御性和不相关的资产。这进一步提高了其风险回报状况。</blockquote></p><p> <b>#4. COIN Is Diversifying Into Ancillary Businesses</b></p><p><blockquote><b>#4.COIN正在多元化发展辅助业务</b></blockquote></p><p> While COIN operates from a similar competitive position as Bitcoin in that it enjoys a significant network advantage and early-mover status, it also faces significant competition from other similar platforms that are constantly innovating and trying to gain an advantage over it. However, COIN enjoys one key advantage over Bitcoin in this arena: it is a business with intelligent management executing a long-term strategy and a small army of highly talented software engineers and programmers, while Bitcoin is a lifeless and static asset.</p><p><blockquote>虽然COIN的竞争地位与比特币相似，因为它享有显着的网络优势和先发地位，但它也面临着来自其他类似平台的激烈竞争，这些平台不断创新并试图获得对它的优势。然而，在这一领域，COIN比比特币拥有一个关键优势：它是一家拥有智能管理、执行长期战略的企业，拥有一支由才华横溢的软件工程师和程序员组成的小型军队，而比特币则是一种没有生命的静态资产。</blockquote></p><p> While this can be a blessing in that Bitcoin does not contain the risk of making any strategic blunders or misallocating shareholder capital, overall we view it as a major negative for Bitcoin because, in a space where innovation is the name of the game, it increases the chance that eventually Bitcoin will be displaced and bypassed by competing cryptocurrencies whereas COIN can continually evolve and pivot at or ahead of the pace of innovation to sustain and strengthen its competitive edge.</p><p><blockquote>虽然这可能是一件幸事，因为比特币不存在犯任何战略错误或不当分配股东资本的风险，但总体而言，我们认为这对比特币来说是一个重大负面影响，因为在一个以创新为游戏名称的领域，它增加了比特币最终被竞争加密货币取代和绕过的机会，而COIN可以不断发展并以创新步伐或领先于创新步伐，以维持和加强其竞争优势。</blockquote></p><p> In fact, COIN is already&nbsp;aggressively reinvesting&nbsp;its profits into doing just this. While its exchange business makes up the majority of its profits and management maintains that - despite growing competition - the accelerating demand for cryptocurrency means that margin compression on this business is unlikely anytime soon, they do expect margin compression to occur here over the long term as it would in any wildly profitable business without massive barriers to entry.</p><p><blockquote>事实上，COIN已经在积极地将其利润再投资于此。虽然其交易所业务占其利润的大部分，而且管理层坚持认为——尽管竞争日益激烈——对加密货币的需求不断增长意味着该业务的利润率不太可能在短期内压缩，但他们确实预计从长远来看，利润率压缩将会发生，就像任何没有巨大进入壁垒的利润丰厚的业务一样。</blockquote></p><p> As a result, management is making multiple investments today in order to grow diverse revenue streams that will lead to more stable and secure income over the long term. Within 5 years,management expects&nbsp;more than 50% of their revenue to come from sources other than transaction fees.</p><p><blockquote>因此，管理层目前正在进行多项投资，以增加多样化的收入来源，从而带来更稳定、更安全的长期收入。5年内，管理层预计超过50%的收入将来自交易费以外的来源。</blockquote></p><p> Ultimately, COIN sees itself as a cryptocurrency infrastructure business that offers a wide array of services and tools that enable people to access, exchange, store, and optimize their use of cryptocurrency and blockchain technology. Businesses they are already growing and/or exploring include a cryptocurrency cash back credit card through a partnership with Visa (V), a custody/vault business for institutions that uses proprietary cybersecurity technology, cryptocurrency loans, deposit accounts, and new innovative forms of transactions that are not even on the public radar yet, making them a virtual infrastructure, cybersecurity, exchange, and fintech business all in one.</p><p><blockquote>最终，COIN将自己视为一家加密货币基础设施企业，提供广泛的服务和工具，使人们能够访问、交换、存储和优化他们对加密货币和区块链技术的使用。他们已经在发展和/或探索的业务包括通过与Visa（V）合作推出的加密货币现金返还信用卡，这是一项针对使用专有网络安全技术、加密货币贷款、存款账户和新的创新交易形式的机构的托管/金库业务，这些交易甚至还没有出现在公众的雷达上，使它们成为虚拟基础设施、网络安全、交易所和金融科技业务的集合体。</blockquote></p><p> They are also investing in cryptocurrency startup companies that many of their ex-employees have gone on to found. As a result, they are positioning themselves to benefit from further external innovation in the space while also insulating against being disrupted by new technologies and applications built by former company insiders.</p><p><blockquote>他们还投资了许多前雇员后来创立的加密货币初创公司。因此，他们将自己定位为从该领域的进一步外部创新中受益，同时也免受前公司内部人员构建的新技术和应用程序的干扰。</blockquote></p><p> With just 50 million current members and ~1 billion estimated potential users, the growth runway for COIN remains massive and could easily lead to&nbsp;exponential growth in the years to come, especially if cryptos continue to grow rapidly in acceptance and popularity.</p><p><blockquote>COIN目前只有5000万会员，预计潜在用户约为10亿，因此COIN的增长跑道仍然很大，很容易在未来几年实现指数级增长，特别是如果加密货币的接受度和受欢迎程度继续快速增长的话。</blockquote></p><p> <b>#5. COIN Is Easier To Value Than Cryptocurrencies</b></p><p><blockquote><b>#5.硬币比加密货币更容易估值</b></blockquote></p><p> Last, but not least, COIN's ability to generate profits gives it an intrinsic value. While Bitcoin's true value is ultimately anyone's guess as it fully depends on speculation, the ever-changing whims of consumers, and the hope that nothing better comes along through the innovation pipeline, COIN brings actual profitability and new business innovation to the table. As a result, we can have a better idea of what an attractive price would be for COIN than for Bitcoin. As value investors, we greatly prefer this method.</p><p><blockquote>最后但并非最不重要的一点是，COIN产生利润的能力赋予了它内在价值。虽然比特币的真正价值最终是任何人的猜测，因为它完全取决于猜测、消费者不断变化的突发奇想以及对创新管道不会出现更好的希望，但COIN带来了实际的盈利能力和新的业务创新。因此，我们可以更好地了解COIN比比特币更有吸引力的价格。作为价值投资者，我们非常喜欢这种方法。</blockquote></p><p> <b>Investor Takeaway</b></p><p><blockquote><b>投资者要点</b></blockquote></p><p> As we stated previously about gold, there is certainly a case to be made that popular cryptocurrencies have a place in a diversified portfolio. In fact, we also expect that Bitcoin has higher upside potential than COIN if it can continue to grow in acceptance and utilization by companies and institutions across the world.</p><p><blockquote>正如我们之前关于黄金的说法，流行的加密货币在多元化投资组合中占有一席之地肯定是有理由的。事实上，我们也预计，如果比特币能够在全球企业和机构的接受度和利用率方面继续增长，它将比COIN具有更高的上涨潜力。</blockquote></p><p></p><p> That said, as value investors we like to invest rather than speculate and also try to maximize our risk-reward profile. Given that COIN generates actual cash flows to generate long-term growth, it enjoys significant diversification across the broad cryptocurrency space, it is not directly correlated to rising cryptocurrency prices and may profit even during a crypto crash, is diversifying into becoming a crypto infrastructure company, and has actual intrinsic value instead of being a mere speculative asset, COIN is our favorite pick for exposure to the cryptocurrency space.</p><p><blockquote>也就是说，作为价值投资者，我们喜欢投资而不是投机，并努力最大化我们的风险回报状况。鉴于COIN产生实际现金流以实现长期增长，它在广泛的加密货币领域享有显着的多元化，它与加密货币价格上涨没有直接关系，即使在加密货币崩盘期间也可能获利，正在多元化成为加密货币基础设施公司，并且具有实际的内在价值，而不仅仅是投机资产，COIN是我们投资加密货币领域最喜欢的选择。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4430338-coinbase-forget-bitcoin-5-reasons-to-buy-coinbase-instead\">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":{"COIN":"Coinbase Global, Inc."},"source_url":"https://seekingalpha.com/article/4430338-coinbase-forget-bitcoin-5-reasons-to-buy-coinbase-instead","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178134052","content_text":"Summary\n\nWhile BTC has tremendous upside potential if bullish projections play out, we invest for the best risk-reward profile, not simply the best reward potential.\nWe believe that COIN offers investors the best risk-reward in today's crypto market.\nWe share 5 reasons why.\n\nPhoto by Movus/iStock Editorial via Getty Images\nWhile Bitcoin (BTC-USD) has tremendous upside potential bullish projections of $500k+ per coin from the likes of Ark Invest's (ARKK) Cathie Wood play out, we invest for the best risk-reward profile, not simply the best reward potential.\nAs a result, since we believe that Coinbase (COIN) offers investors the best risk-reward in today's crypto market, we would prefer to invest there instead of directly into individual cryptocurrencies in today's market. In the following paragraphs, we share 5 reasons why:\n#1. COIN Is A Growing Business\nAs a highly profitable business, COIN generates actual cash flow that causes its intrinsic value to grow over time. As a result, it is a true wealth compounder that, assuming the business remains profitable, will result in its owners becoming richer over the long term. Buying and holding shares of COIN is an investment that has the potential to increase the wealth of an individual based on growing cash flows and improving business fundamentals.\nIn contrast, Bitcoins do not procreate nor generate cash flow. All it can do is increase or decrease in price relative to U.S. Dollars or other assets based on people's ever-changing desire to own it. As a result, holding it is not an investment, but rather a speculation on the future that Bitcoin will be in greater demand then than it is now.\nAs Warren Buffett said in his 2011 Letter to Shareholders:\n\nIf you own one ounce of gold for an eternity, you will still own one ounce at its end ... Owners are not inspired by what the asset itself can produce — it will remain lifeless forever — but rather by the belief that others will desire it even more avidly in the future.\n\nBitcoin - known as digital gold - could be described very similarly. While we do in fact own some gold (GLD), we also do not view it as an investment but rather as an asset that serves a purpose as an insurance mechanism as a time-tested and inflation-resistant medium of exchange. For exposure to gold in our investment portfolio, we buy gold miners instead. We view COIN as serving a similar purpose in our exposure to the crypto world.\n#2. COIN Is Diversified Across 100+ Cryptocurrencies\nBitcoin is one of an ever-increasing number of cryptocurrencies that already number in the hundreds. As a result, it faces heavy competition and the constant threat of innovation and disruption displacing it as the leading cryptocurrency and eventually causing its value to fall. Furthermore, it faces regulatory and even ban risks, especially since the majority of its processing power is located in countries that are often considered strategic rivals or even adversaries of the West, including China, Russia, Iran, and Pakistan. Last, but not least, Bitcoin's price has proven to be extremely volatile, as the last two weeks have made clear:\nData byYCharts\nIn contrast, COIN is diversified across over a hundred cryptocurrencies, thereby insulating it against any single cryptocurrency's collapse. If China were to ban Bitcoin and effectively seize control of most of its mining activity, for example, it would be devastating to the price - and processing power - of Bitcoin. While it would still likely hurt COIN's cash flows and share price meaningfully, the impact would be much less significant for COIN than what Bitcoin would face and it would be able to move forward with other cryptocurrencies in the place of Bitcoin.\n#3. COIN Profits Even When Cryptocurrencies Are Crashing\nWhile Bitcoin's profit-loss proposition rises and falls directly with the price of Bitcoin, COIN's profits are not tied directly to rising cryptocurrency prices. Instead, it earns the majority of its profits from transaction fees, meaning that as long as there is high volume in cryptocurrencies, they will be making high profits. Furthermore, since it deals in over a hundred cryptocurrencies, it is not reliant on high volume in any single cryptocurrency, but instead profits from the overall popularity of cryptocurrencies.\nAs a result, whether people are swarming the gate, trying to board the crypto bandwagon, or racing for the exits in a crypto sell-off, COIN is poised to reap massive profits, making it a more defensive and non-correlated asset than Bitcoin. This further boosts its risk-reward profile.\n#4. COIN Is Diversifying Into Ancillary Businesses\nWhile COIN operates from a similar competitive position as Bitcoin in that it enjoys a significant network advantage and early-mover status, it also faces significant competition from other similar platforms that are constantly innovating and trying to gain an advantage over it. However, COIN enjoys one key advantage over Bitcoin in this arena: it is a business with intelligent management executing a long-term strategy and a small army of highly talented software engineers and programmers, while Bitcoin is a lifeless and static asset.\nWhile this can be a blessing in that Bitcoin does not contain the risk of making any strategic blunders or misallocating shareholder capital, overall we view it as a major negative for Bitcoin because, in a space where innovation is the name of the game, it increases the chance that eventually Bitcoin will be displaced and bypassed by competing cryptocurrencies whereas COIN can continually evolve and pivot at or ahead of the pace of innovation to sustain and strengthen its competitive edge.\nIn fact, COIN is already aggressively reinvesting its profits into doing just this. While its exchange business makes up the majority of its profits and management maintains that - despite growing competition - the accelerating demand for cryptocurrency means that margin compression on this business is unlikely anytime soon, they do expect margin compression to occur here over the long term as it would in any wildly profitable business without massive barriers to entry.\nAs a result, management is making multiple investments today in order to grow diverse revenue streams that will lead to more stable and secure income over the long term. Within 5 years,management expects more than 50% of their revenue to come from sources other than transaction fees.\nUltimately, COIN sees itself as a cryptocurrency infrastructure business that offers a wide array of services and tools that enable people to access, exchange, store, and optimize their use of cryptocurrency and blockchain technology. Businesses they are already growing and/or exploring include a cryptocurrency cash back credit card through a partnership with Visa (V), a custody/vault business for institutions that uses proprietary cybersecurity technology, cryptocurrency loans, deposit accounts, and new innovative forms of transactions that are not even on the public radar yet, making them a virtual infrastructure, cybersecurity, exchange, and fintech business all in one.\nThey are also investing in cryptocurrency startup companies that many of their ex-employees have gone on to found. As a result, they are positioning themselves to benefit from further external innovation in the space while also insulating against being disrupted by new technologies and applications built by former company insiders.\nWith just 50 million current members and ~1 billion estimated potential users, the growth runway for COIN remains massive and could easily lead to exponential growth in the years to come, especially if cryptos continue to grow rapidly in acceptance and popularity.\n#5. COIN Is Easier To Value Than Cryptocurrencies\nLast, but not least, COIN's ability to generate profits gives it an intrinsic value. While Bitcoin's true value is ultimately anyone's guess as it fully depends on speculation, the ever-changing whims of consumers, and the hope that nothing better comes along through the innovation pipeline, COIN brings actual profitability and new business innovation to the table. As a result, we can have a better idea of what an attractive price would be for COIN than for Bitcoin. As value investors, we greatly prefer this method.\nInvestor Takeaway\nAs we stated previously about gold, there is certainly a case to be made that popular cryptocurrencies have a place in a diversified portfolio. In fact, we also expect that Bitcoin has higher upside potential than COIN if it can continue to grow in acceptance and utilization by companies and institutions across the world.\nThat said, as value investors we like to invest rather than speculate and also try to maximize our risk-reward profile. Given that COIN generates actual cash flows to generate long-term growth, it enjoys significant diversification across the broad cryptocurrency space, it is not directly correlated to rising cryptocurrency prices and may profit even during a crypto crash, is diversifying into becoming a crypto infrastructure company, and has actual intrinsic value instead of being a mere speculative asset, COIN is our favorite pick for exposure to the cryptocurrency space.","news_type":1,"symbols_score_info":{"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":598,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":117382392,"gmtCreate":1623117276716,"gmtModify":1634036760521,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574286103228100","authorIdStr":"3574286103228100"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/117382392","repostId":"2141342255","repostType":4,"isVote":1,"tweetType":1,"viewCount":416,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":119170560,"gmtCreate":1622531676650,"gmtModify":1634100762519,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574286103228100","authorIdStr":"3574286103228100"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/119170560","repostId":"2139304437","repostType":4,"isVote":1,"tweetType":1,"viewCount":427,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138248790,"gmtCreate":1621946252510,"gmtModify":1634185277281,"author":{"id":"3574286103228100","authorId":"3574286103228100","name":"Jinyuan","avatar":"https://static.tigerbbs.com/b083889e4ac40197a5ea0a1dcc0193c4","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574286103228100","authorIdStr":"3574286103228100"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/138248790","repostId":"2138167318","repostType":4,"isVote":1,"tweetType":1,"viewCount":682,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}