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WadeW
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WadeW
2021-03-06
Join
$Castor Maritime, Inc.(CTRM)$
Senseonics plunged more than 9%<blockquote>Senseonics暴跌逾9%</blockquote>
WadeW
2021-03-04
$Lion-OCBC Sec HSTECH S$(HST.SI)$
will be up?
抱歉,原内容已删除
WadeW
2021-03-03
Excellent
$Castor Maritime, Inc.(CTRM)$
抱歉,原内容已删除
WadeW
2021-02-19
What about
$Gran Tierra(GTE)$
抱歉,原内容已删除
WadeW
2021-02-19
Come
$Castor Maritime, Inc.(CTRM)$
GameStop hearing challenges assumptions about rookie investors<blockquote>游戏驿站听证会挑战有关新手投资者的假设</blockquote>
WadeW
2021-02-18
Lol comment for the sake of coin
抱歉,原内容已删除
WadeW
2021-02-18
Never consider bout
$Castor Maritime, Inc.(CTRM)$
[开心] [开心] [开心]
22 additional dividend stocks that Warren Buffett might consider buying<blockquote>沃伦·巴菲特可能会考虑购买的 22 只额外股息股票</blockquote>
WadeW
2021-02-17
$Gran Tierra(GTE)$
yea boi
Is This Oil Rally The Start Of Something Much Bigger?<blockquote>这次油价反弹是更大事件的开始吗?</blockquote>
WadeW
2021-02-16
$Castor Maritime, Inc.(CTRM)$
正式起航了吗
WadeW
2021-02-15
$Gran Tierra(GTE)$
its time
抱歉,原内容已删除
WadeW
2021-02-11
$Castor Maritime, Inc.(CTRM)$
再来吗
WadeW
2021-02-10
$Castor Maritime, Inc.(CTRM)$
再来几点吧
WadeW
2021-02-09
$Castor Maritime, Inc.(CTRM)$
[得意] [得意]
US stocks are in a bubble, and it's unclear when it will pop, hedge fund manager says<blockquote>对冲基金经理表示,美国股市正处于泡沫之中,目前尚不清楚泡沫何时会破裂</blockquote>
WadeW
2021-02-09
$Castor Maritime, Inc.(CTRM)$
[得意] [得意]
抱歉,原内容已删除
WadeW
2021-02-08
$Castor Maritime, Inc.(CTRM)$
都想下车了
WadeW
2021-02-08
[财迷] [财迷] [财迷] [财迷]
抱歉,原内容已删除
WadeW
2021-02-08
hmmm
Here’s What the GameStop Affair Has Taught Us<blockquote>游戏驿站事件教会了我们什么</blockquote>
WadeW
2021-02-08
沉默三年了 是时候了吧
WadeW
2021-02-05
Great ariticle, would you like to share it?
@和卡夫卡聊天:
$Sundial Growers Inc.(SNDL)$
阶递式拉升,是指庄家将股价拉升一定幅度后,采取平台或强势整理的方式调整,暂时停止拉升动作。这样,将使那些没有耐心的持股者出局,达到清洗掉一部分意志不坚定持股者的目的。等到股价横盘一段时间后再度进行拉升操作,股价拉升到一定位置后再次整理,如此反复,直至将股价拉升至最终目标价。从K线走势图上看,股价呈现出阶梯式的步步高升,因此称为阶梯式拉升。阶梯式拉升适用于庄家实力较强、操作标的股票基本面好、后市存在重大题材的股票。在拉升之前,由于股价在低位徘徊时间较久,无形中给大部分散户造成了一种心理定势,即股价不应该涨得太高。因此,当股价从低位启动上升到一个新高度时,一般散户会有落袋为安的想法,当股价拉升到一定位置时会出现一部分抛压。如果庄家采用阶梯式拉升,就可以通过阶梯横盘形成新的价值定位,从而获得散户对新价位的认可和赞同。通过阶梯式拉升的方式拉升股价,多次操作后,将逐步使散户适应这种模式,散户会认为股价经过一段时间横盘后又会上涨,这样可保证庄家横盘出货时不引起散户的恐慌。
WadeW
2021-02-05
Great ariticle, would you like to share it?
抱歉,原内容已删除
去老虎APP查看更多动态
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<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>","listText":"Join <a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>","text":"Join $Castor Maritime, Inc.(CTRM)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/320964593","repostId":"1116031861","repostType":4,"repost":{"id":"1116031861","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1614955424,"share":"https://www.laohunote.com/m/news/1116031861?lang=zh_CN&edition=full","pubTime":"2021-03-05 22:43","market":"us","language":"en","title":"Senseonics plunged more than 9%<blockquote>Senseonics暴跌逾9%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1116031861","media":"老虎资讯综合","summary":"(March 5) Senseonics plunged more than 9%. Senseonics downgraded to underperform from market perform","content":"<p>(March 5) Senseonics plunged more than 9%. </p><p><blockquote>(3月5日)Senseonics暴跌逾9%。</blockquote></p><p>Senseonics downgraded to underperform from market perform at Raymond James.</p><p><blockquote>Raymond James 将 Senseonics 的评级从市场表现下调至表现不佳。</blockquote></p><p>Senseonics Holdings, Inc. reported quarterly losses of $(0.41) per share. This is a 127.78 percent decrease over losses of $(0.18) per share from the same period last year. The company reported quarterly sales of $3.90 million which beat the analyst consensus estimate of $3.05 million by 27.87 percent. 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This is a 127.78 percent decrease over losses of $(0.18) per share from the same period last year. The company reported quarterly sales of $3.90 million which beat the analyst consensus estimate of $3.05 million by 27.87 percent. This is a 56.44 percent decrease over sales of $8.95 million the same period last year.</p><p><blockquote>Senseonics Holdings, Inc. 报告季度亏损为每股 0.41 美元。与去年同期每股亏损 (0.18) 美元相比,减少了 127.78%。该公司公布季度销售额为 390 万美元,比分析师普遍预期的 305 万美元高出 27.87%。这比去年同期 895 万美元的销售额下降了 56.44%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/8692adfc74e9219bd4e30a757ad3a1dd\" tg-width=\"1050\" tg-height=\"481\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SENS":"Senseonics Holdings,Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116031861","content_text":"(March 5) Senseonics plunged more than 9%. Senseonics downgraded to underperform from market perform at Raymond James.Senseonics Holdings, Inc. reported quarterly losses of $(0.41) per share. This is a 127.78 percent decrease over losses of $(0.18) per share from the same period last year. The company reported quarterly sales of $3.90 million which beat the analyst consensus estimate of $3.05 million by 27.87 percent. This is a 56.44 percent decrease over sales of $8.95 million the same period last year.","news_type":1,"symbols_score_info":{"SENS":0.9}},"isVote":1,"tweetType":1,"viewCount":3265,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364687045,"gmtCreate":1614848279787,"gmtModify":1703481886196,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>will be up?","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>will be up?","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$will be up?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/364687045","repostId":"2116257515","repostType":4,"isVote":1,"tweetType":1,"viewCount":1971,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365470146,"gmtCreate":1614775677985,"gmtModify":1703480946423,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"Excellent<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>","listText":"Excellent<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>","text":"Excellent$Castor Maritime, Inc.(CTRM)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/365470146","repostId":"2116549743","repostType":4,"isVote":1,"tweetType":1,"viewCount":2923,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387965763,"gmtCreate":1613710973852,"gmtModify":1631890613306,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"What about <a href=\"https://laohu8.com/S/GTE\">$Gran Tierra(GTE)$</a>","listText":"What about <a href=\"https://laohu8.com/S/GTE\">$Gran Tierra(GTE)$</a>","text":"What about $Gran Tierra(GTE)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/387965763","repostId":"2112813609","repostType":4,"isVote":1,"tweetType":1,"viewCount":2310,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387965989,"gmtCreate":1613710947641,"gmtModify":1634552546789,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"Come <a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>","listText":"Come <a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>","text":"Come $Castor Maritime, Inc.(CTRM)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/387965989","repostId":"1103921295","repostType":4,"repost":{"id":"1103921295","kind":"news","pubTimestamp":1613706165,"share":"https://www.laohunote.com/m/news/1103921295?lang=zh_CN&edition=full","pubTime":"2021-02-19 11:42","market":"us","language":"en","title":"GameStop hearing challenges assumptions about rookie investors<blockquote>游戏驿站听证会挑战有关新手投资者的假设</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1103921295","media":"Marketwatch","summary":"Robinhood CEO Vlad Tenev discussed average account sizes and user demographics during a congressiona","content":"<p> <b>Robinhood CEO Vlad Tenev discussed average account sizes and user demographics during a congressional hearing on GameStop’s rise and fall.</b> YOLO? Maybe not quite so.</p><p><blockquote><b>Robinhood 首席执行官 Vlad Tenev 在国会关于游戏驿站兴衰的听证会上讨论了平均账户规模和用户人口统计数据。</b>YOLO?也许不完全是这样。</blockquote></p><p> During the GameStop trading frenzy, some observers worried many rookie retail investors banding together on sites like Reddit’s WallStreetBets would bet big — a so-called “YOLO trade” in the forum’sslang— andend up losing badly.</p><p><blockquote>在游戏驿站交易狂潮期间,一些观察家担心,许多在 Reddit 的 WallStreetBets 等网站上聚集在一起的新手散户投资者会下大注--用论坛术语来说就是所谓的 “YOLO 交易”--最终损失惨重。</blockquote></p><p> No doubt, this wasa serious event that rocked the stock market, bringing it “dangerously close” to collapse, according to Thomas Peterffy, founder and chairman of Interactive Brokers Group.</p><p><blockquote>盈透证券集团(Interactive Brokers Group)创始人兼董事长托马斯-彼得菲(Thomas Peterffy)表示,毫无疑问,这一 wasa 严重事件震撼了股市,使股市 “危险地 ”接近崩溃。</blockquote></p><p> But at a closely-watched congressional hearing Thursday on the rise and fall of GameStop shares and other so-called “meme stocks,” statements by one of the key players in the trading firestorm revealed that young investors generally aren’t betting big to reap quick gains.</p><p><blockquote>但在周四就游戏驿站股票和其他所谓 “迷因股票 ”的涨跌举行的备受关注的国会听证会上,这场交易风暴的关键人物之一的声明显示,年轻投资者一般不会为了快速获利而下大赌注。</blockquote></p><p> “Contrary to some very misleading and highly uninformed reports, we see evidence that most of our customers are investing for the long term,” said Vlad Tenev, CEO of Robinhood, the popular trading platform that caughtmassive irefor temporarily restricting trades on GameStopGME,-11.43%,AMC EntertainmentAMC,-0.72%and several other companies. As the hearing continued, he repeated that point under lawmaker questions.</p><p><blockquote>“Robinhood 的首席执行官弗拉德-特涅夫(Vlad Tenev)说:”与一些非常误导性和高度不知情的报道相反,我们看到的证据表明,我们的大多数客户都在进行长期投资。随着听证会的继续,他在立法者的提问下重复了这一点。</blockquote></p><p> “What we see is generally not consistent with popular memes suggesting that most of our brokerage customers are unsophisticated day traders taking inordinate risks with large sums of money on complex financial products,”Tenev wrote in prepared testimony submitted ahead of the hearing,pushing back on the idea that his companyencouraged reckless tradingon a platform with 13 million users.</p><p><blockquote>“特内夫在听证会前提交的准备好的证词中写道:”我们所看到的情况总体上与流行的备忘录不一致,这些备忘录认为我们的大多数经纪客户都是不成熟的日内交易者,他们在复杂的金融产品上投入大量资金,承担过大的风险,”特内夫反驳了他的公司鼓励在一个拥有 1300 万用户的平台上进行鲁莽交易的说法。</blockquote></p><p> Just 2% of Robinhood users qualified as “pattern day traders” who made four or more trades within five business days, he said. Thirteen percent traded basic options contracts, which can be higher risk, higher reward than straight-ahead buying or selling.</p><p><blockquote>他说,只有 2% 的 Robinhood 用户有资格成为 “模式日交易者 ”,他们在五个工作日内进行了四笔或四笔以上的交易。13%的人交易基本期权合约,这可能比直接买入或卖出风险更高,回报更高。</blockquote></p><p> In the face of some pointed questions, he also insisted Robinhood isn’t trying to turn the user experience into a game. “We know investing is serious and that’s why most of our customers are buy and hold,” he said.</p><p><blockquote>面对一些尖锐的问题,他还坚称 Robinhood 并没有试图将用户体验变成游戏。“他说:”我们知道投资是严肃的,这也是我们大多数客户买入并持有的原因。</blockquote></p><p> (Before the GameStop saga, Massachusetts state regulators filed a complaint against Robinhood for allegedly making trading seem too fun until loses occur. The company previously said itdisputes the allegation.)</p><p><blockquote>(在游戏驿站事件发生之前,马萨诸塞州监管机构对 Robinhood 提起诉讼,指控其在亏损发生之前让交易显得过于有趣。该公司此前曾表示对这一指控提出异议。)</blockquote></p><p> Tenev and lawmakershave sparredon what Robinhood should and shouldn’t have done during the GameStop saga. GameStop shares once traded at a high point of $483. By Thursday’s market close, GameStop shares were $40.69.</p><p><blockquote>特内夫和立法者们争论罗宾汉在游戏驿站事件中应该做什么和不应该做什么。游戏驿站股价一度触及483美元的高点。截至周四收盘,游戏驿站股价为 40.69 美元。</blockquote></p><p> But either way, Tenev’s testimony gave an interesting peek at who the newest retail investors are and how much money they are pouring into the market. After all, retail investors were already increasingly entering the stock market before the GameStop drama started.</p><p><blockquote>但无论如何,特内夫的证词都让我们有趣地看到了最新的散户投资者是谁,以及他们向市场投入了多少资金。毕竟,在游戏驿站闹剧开始之前,散户投资者已经越来越多地进入股市。</blockquote></p><p> Fifty-five percent of Americans directly own stock, according to aGallup surveylast year, while 32% of 18- to 29-year-olds said they owned stock.</p><p><blockquote>根据阿盖洛普去年的调查,55%的美国人直接拥有股票,而32%的18至29岁的人表示他们拥有股票。</blockquote></p><p> The median age of Robinhood investors is 31 and half of users say they are first-time investors. The median account size is about $240, according to Tenev’s statement, and the average account size is about $5,000.</p><p><blockquote>Robinhood 投资者的平均年龄为 31 岁,一半的用户表示他们是首次投资者。根据 Tenev 的声明,账户规模中位数约为 240 美元,平均账户规模约为 5000 美元。</blockquote></p><p> The fact that 13% of Robinhood users are trading options gives some advocates pause. Barbara Roper, director of investor protection at the Consumer Federation of America,saidthat “strikes us as a pretty high percentage when you consider the characteristics of Robinhood’s customer base (disproportionately young, first-time investors with small accounts).”</p><p><blockquote>13% 的 Robinhood 用户正在交易期权,这一事实让一些支持者犹豫不决。美国消费者联合会投资者保护主管芭芭拉-罗珀(Barbara Roper)说,“考虑到 Robinhood 客户群的特点(不成比例的年轻、账户较小的首次投资者),我们会发现这一比例相当高”。</blockquote></p><p> Robinhood investors also tend to be a slightly more racially diverse crowd, according to Tenev’s testimony. Nine percent of users are Black, compared to 3% at other firms and 16% are Hispanic, versus 7% at other firms, according to Tenev’s statement.</p><p><blockquote>根据 Tenev 的证词,Robinhood 的投资者也往往是一个种族稍微多样化的群体。根据 Tenev 的声明,9% 的用户是黑人,其他公司的这一比例为 3%,16% 是西班牙裔,而其他公司的这一比例为 7%。</blockquote></p><p> “Retail investors making up this new surge are different,” testified Jennifer Schulp, the Cato Institute’s director of financial regulation studies.</p><p><blockquote>“卡托研究所(Cato Institute)金融监管研究主任詹妮弗-舒尔普(Jennifer Schulp)作证说:”构成这一新一轮激增的散户投资者与众不同。</blockquote></p><p> Retail investors are nicknamed as“dumb money”on Wall Street, Schulp said. “I think it’s insulting. I think the term needs to go out the window. I think the GameStop situation is proof the retail investors are revolutionizing the market …. I think the retail investors here are learning by doing, which is one of the best ways to learn.”</p><p><blockquote>舒尔普说,散户投资者在华尔街被戏称为 “傻钱 ”。“我认为这是一种侮辱。我认为这个词需要被淘汰。我认为游戏驿站的情况证明散户投资者正在彻底改变市场.我认为这里的散户投资者正在边做边学,这是最好的学习方式之一。”</blockquote></p><p> She pointed to research from theFINRA Investor Education Foundationreleased earlier this month digging into the demographics and account balances of new retail investors.</p><p><blockquote>她指出,FINRA 投资者教育基金会本月早些时候发布的研究深入研究了新散户投资者的人口统计数据和账户余额。</blockquote></p><p> One-third of new investors who opened a taxable investment account for the first time in 2020 said they had account balances of less than $500, versus 16% of experienced investors. Twenty-three percent of new investors had account balances up to $2,000. Twenty percent of experienced investors had account balances up to $2,000.</p><p><blockquote>2020 年首次开设应税投资账户的新投资者中有三分之一表示,他们的账户余额低于 500 美元,而经验丰富的投资者这一比例为 16%。23%的新投资者账户余额高达2000美元。20% 有经验的投资者的账户余额高达 2,000 美元。</blockquote></p><p></p><p> The survey found a more racially diverse set of new investors, with 17% of new investors being Black. Seven percent of experienced investors are Black, the poll said.</p><p><blockquote>调查发现,新投资者的种族更加多样化,17%的新投资者是黑人。民意调查显示,7% 的经验丰富的投资者是黑人。</blockquote></p><p> As the hearing continued, some lawmakers questioned whether more guardrails need to be in place, while others said lawmakers shouldn’t condescend to retail investors and assume they know best.</p><p><blockquote>随着听证会的继续,一些立法者质疑是否需要设置更多的护栏,而另一些立法者则表示,立法者不应屈尊于散户投资者,并认为他们最了解情况。</blockquote></p><p> “Many Americans feel that the system is stacked against them and no matter what, Wall Street always wins,” said Rep. Maxine Waters, who chairs the House Financial Services Committee. “In this instance, many retail investors appeared motivated by a desire to beat Wall Street at its own game and given the losses that many retail investors have sustained as a result of volatility in the system, there are many whose beliefs that the system is rigged against them has been reinforced.”</p><p><blockquote>“众议院金融服务委员会主席、众议员玛克辛-沃特斯(Maxine Waters)说:”许多美国人认为这个体系对他们不利,无论如何,华尔街总是会赢。“在这种情况下,许多散户投资者似乎是出于在自己的游戏中击败华尔街的愿望,考虑到许多散户投资者因系统波动而遭受的损失,许多人认为系统被操纵了,对他们不利。”</blockquote></p><p> The GameStop saga was a “fundamental change,” said Rep. Patrick McHenry, the ranking Republican on the committee. The swell in trading was propelled by social media and a wealth of new information at investors’ fingertips.</p><p><blockquote>委员会中排名第一的共和党众议员帕特里克-麦克亨利(Patrick McHenry)说,游戏驿站事件是一个 “根本性的变化”。交易量的激增是由社交媒体和投资者唾手可得的大量新信息推动的。</blockquote></p><p> “I think if we’ve learned anything from these past few weeks, it’s that these average everyday investors are pretty darn sophisticated,” McHenry said. “There is wisdom to the crowd.”</p><p><blockquote>“麦克亨利说:”我认为,如果说我们从过去几周中学到了什么,那就是这些普通的日常投资者都非常老练。“人群中有智慧”。</blockquote></p><p> The government needs to make it easier for everyday investors to buy into the market, he said. “Instead of shutting the American public out through new regulations, new forms of taxation or so-called protections, let’s use this opprotunity to side with them.”</p><p><blockquote>他说,政府需要让普通投资者更容易入市。“与其通过新的法规、新的税收形式或所谓的保护措施将美国公众拒之门外,让我们利用这个机会站在他们一边”。</blockquote></p><p> One of the witnesses was Keith Gill, a 34-year-old independent investor with online handles like “Roaring Kitty” who turned his GameStop investment into millions. He made all his investment decisions based on publicly-availabile information, he told Congress.</p><p><blockquote>证人之一是基思-吉尔(Keith Gill),他是一位 34 岁的独立投资者,在网上拥有 “咆哮的小猫 ”这样的账号,他将自己在游戏驿站的投资变成了数百万美元。他告诉国会,他所有的投资决策都是根据公开信息做出的。</blockquote></p><p> “I would be the first to acknowledge that investing in stocks and options is incredibly risky, and it’s so important for people to do their own thorough research before investing,” Gill said. “Folks should be able to freely express their views on a stock, and they should be able to buy or not buy a stock based on those views.”</p><p><blockquote>“吉尔说:”我会第一个承认投资股票和期权风险极大,人们在投资前进行彻底的研究非常重要。“人们应该能够自由地表达自己对股票的看法,他们应该能够根据这些看法购买或不购买股票”。</blockquote></p><p> GameStop shares are up nearly 116% year-to-date. The Dow Jones Industrial Average is up nearly 3% and the S&P 500 is up more than 4% in 2021.</p><p><blockquote>今年迄今为止,游戏驿站股价已上涨近 116%。2021年,道琼斯工业平均指数上涨近3%,标普500上涨超过4%。</blockquote></p><p></p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop hearing challenges assumptions about rookie investors<blockquote>游戏驿站听证会挑战有关新手投资者的假设</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop hearing challenges assumptions about rookie investors<blockquote>游戏驿站听证会挑战有关新手投资者的假设</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-02-19 11:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p> <b>Robinhood CEO Vlad Tenev discussed average account sizes and user demographics during a congressional hearing on GameStop’s rise and fall.</b> YOLO? Maybe not quite so.</p><p><blockquote><b>Robinhood 首席执行官 Vlad Tenev 在国会关于游戏驿站兴衰的听证会上讨论了平均账户规模和用户人口统计数据。</b>YOLO?也许不完全是这样。</blockquote></p><p> During the GameStop trading frenzy, some observers worried many rookie retail investors banding together on sites like Reddit’s WallStreetBets would bet big — a so-called “YOLO trade” in the forum’sslang— andend up losing badly.</p><p><blockquote>在游戏驿站交易狂潮期间,一些观察家担心,许多在 Reddit 的 WallStreetBets 等网站上聚集在一起的新手散户投资者会下大注--用论坛术语来说就是所谓的 “YOLO 交易”--最终损失惨重。</blockquote></p><p> No doubt, this wasa serious event that rocked the stock market, bringing it “dangerously close” to collapse, according to Thomas Peterffy, founder and chairman of Interactive Brokers Group.</p><p><blockquote>盈透证券集团(Interactive Brokers Group)创始人兼董事长托马斯-彼得菲(Thomas Peterffy)表示,毫无疑问,这一 wasa 严重事件震撼了股市,使股市 “危险地 ”接近崩溃。</blockquote></p><p> But at a closely-watched congressional hearing Thursday on the rise and fall of GameStop shares and other so-called “meme stocks,” statements by one of the key players in the trading firestorm revealed that young investors generally aren’t betting big to reap quick gains.</p><p><blockquote>但在周四就游戏驿站股票和其他所谓 “迷因股票 ”的涨跌举行的备受关注的国会听证会上,这场交易风暴的关键人物之一的声明显示,年轻投资者一般不会为了快速获利而下大赌注。</blockquote></p><p> “Contrary to some very misleading and highly uninformed reports, we see evidence that most of our customers are investing for the long term,” said Vlad Tenev, CEO of Robinhood, the popular trading platform that caughtmassive irefor temporarily restricting trades on GameStopGME,-11.43%,AMC EntertainmentAMC,-0.72%and several other companies. As the hearing continued, he repeated that point under lawmaker questions.</p><p><blockquote>“Robinhood 的首席执行官弗拉德-特涅夫(Vlad Tenev)说:”与一些非常误导性和高度不知情的报道相反,我们看到的证据表明,我们的大多数客户都在进行长期投资。随着听证会的继续,他在立法者的提问下重复了这一点。</blockquote></p><p> “What we see is generally not consistent with popular memes suggesting that most of our brokerage customers are unsophisticated day traders taking inordinate risks with large sums of money on complex financial products,”Tenev wrote in prepared testimony submitted ahead of the hearing,pushing back on the idea that his companyencouraged reckless tradingon a platform with 13 million users.</p><p><blockquote>“特内夫在听证会前提交的准备好的证词中写道:”我们所看到的情况总体上与流行的备忘录不一致,这些备忘录认为我们的大多数经纪客户都是不成熟的日内交易者,他们在复杂的金融产品上投入大量资金,承担过大的风险,”特内夫反驳了他的公司鼓励在一个拥有 1300 万用户的平台上进行鲁莽交易的说法。</blockquote></p><p> Just 2% of Robinhood users qualified as “pattern day traders” who made four or more trades within five business days, he said. Thirteen percent traded basic options contracts, which can be higher risk, higher reward than straight-ahead buying or selling.</p><p><blockquote>他说,只有 2% 的 Robinhood 用户有资格成为 “模式日交易者 ”,他们在五个工作日内进行了四笔或四笔以上的交易。13%的人交易基本期权合约,这可能比直接买入或卖出风险更高,回报更高。</blockquote></p><p> In the face of some pointed questions, he also insisted Robinhood isn’t trying to turn the user experience into a game. “We know investing is serious and that’s why most of our customers are buy and hold,” he said.</p><p><blockquote>面对一些尖锐的问题,他还坚称 Robinhood 并没有试图将用户体验变成游戏。“他说:”我们知道投资是严肃的,这也是我们大多数客户买入并持有的原因。</blockquote></p><p> (Before the GameStop saga, Massachusetts state regulators filed a complaint against Robinhood for allegedly making trading seem too fun until loses occur. The company previously said itdisputes the allegation.)</p><p><blockquote>(在游戏驿站事件发生之前,马萨诸塞州监管机构对 Robinhood 提起诉讼,指控其在亏损发生之前让交易显得过于有趣。该公司此前曾表示对这一指控提出异议。)</blockquote></p><p> Tenev and lawmakershave sparredon what Robinhood should and shouldn’t have done during the GameStop saga. GameStop shares once traded at a high point of $483. By Thursday’s market close, GameStop shares were $40.69.</p><p><blockquote>特内夫和立法者们争论罗宾汉在游戏驿站事件中应该做什么和不应该做什么。游戏驿站股价一度触及483美元的高点。截至周四收盘,游戏驿站股价为 40.69 美元。</blockquote></p><p> But either way, Tenev’s testimony gave an interesting peek at who the newest retail investors are and how much money they are pouring into the market. After all, retail investors were already increasingly entering the stock market before the GameStop drama started.</p><p><blockquote>但无论如何,特内夫的证词都让我们有趣地看到了最新的散户投资者是谁,以及他们向市场投入了多少资金。毕竟,在游戏驿站闹剧开始之前,散户投资者已经越来越多地进入股市。</blockquote></p><p> Fifty-five percent of Americans directly own stock, according to aGallup surveylast year, while 32% of 18- to 29-year-olds said they owned stock.</p><p><blockquote>根据阿盖洛普去年的调查,55%的美国人直接拥有股票,而32%的18至29岁的人表示他们拥有股票。</blockquote></p><p> The median age of Robinhood investors is 31 and half of users say they are first-time investors. The median account size is about $240, according to Tenev’s statement, and the average account size is about $5,000.</p><p><blockquote>Robinhood 投资者的平均年龄为 31 岁,一半的用户表示他们是首次投资者。根据 Tenev 的声明,账户规模中位数约为 240 美元,平均账户规模约为 5000 美元。</blockquote></p><p> The fact that 13% of Robinhood users are trading options gives some advocates pause. Barbara Roper, director of investor protection at the Consumer Federation of America,saidthat “strikes us as a pretty high percentage when you consider the characteristics of Robinhood’s customer base (disproportionately young, first-time investors with small accounts).”</p><p><blockquote>13% 的 Robinhood 用户正在交易期权,这一事实让一些支持者犹豫不决。美国消费者联合会投资者保护主管芭芭拉-罗珀(Barbara Roper)说,“考虑到 Robinhood 客户群的特点(不成比例的年轻、账户较小的首次投资者),我们会发现这一比例相当高”。</blockquote></p><p> Robinhood investors also tend to be a slightly more racially diverse crowd, according to Tenev’s testimony. Nine percent of users are Black, compared to 3% at other firms and 16% are Hispanic, versus 7% at other firms, according to Tenev’s statement.</p><p><blockquote>根据 Tenev 的证词,Robinhood 的投资者也往往是一个种族稍微多样化的群体。根据 Tenev 的声明,9% 的用户是黑人,其他公司的这一比例为 3%,16% 是西班牙裔,而其他公司的这一比例为 7%。</blockquote></p><p> “Retail investors making up this new surge are different,” testified Jennifer Schulp, the Cato Institute’s director of financial regulation studies.</p><p><blockquote>“卡托研究所(Cato Institute)金融监管研究主任詹妮弗-舒尔普(Jennifer Schulp)作证说:”构成这一新一轮激增的散户投资者与众不同。</blockquote></p><p> Retail investors are nicknamed as“dumb money”on Wall Street, Schulp said. “I think it’s insulting. I think the term needs to go out the window. I think the GameStop situation is proof the retail investors are revolutionizing the market …. I think the retail investors here are learning by doing, which is one of the best ways to learn.”</p><p><blockquote>舒尔普说,散户投资者在华尔街被戏称为 “傻钱 ”。“我认为这是一种侮辱。我认为这个词需要被淘汰。我认为游戏驿站的情况证明散户投资者正在彻底改变市场.我认为这里的散户投资者正在边做边学,这是最好的学习方式之一。”</blockquote></p><p> She pointed to research from theFINRA Investor Education Foundationreleased earlier this month digging into the demographics and account balances of new retail investors.</p><p><blockquote>她指出,FINRA 投资者教育基金会本月早些时候发布的研究深入研究了新散户投资者的人口统计数据和账户余额。</blockquote></p><p> One-third of new investors who opened a taxable investment account for the first time in 2020 said they had account balances of less than $500, versus 16% of experienced investors. Twenty-three percent of new investors had account balances up to $2,000. Twenty percent of experienced investors had account balances up to $2,000.</p><p><blockquote>2020 年首次开设应税投资账户的新投资者中有三分之一表示,他们的账户余额低于 500 美元,而经验丰富的投资者这一比例为 16%。23%的新投资者账户余额高达2000美元。20% 有经验的投资者的账户余额高达 2,000 美元。</blockquote></p><p></p><p> The survey found a more racially diverse set of new investors, with 17% of new investors being Black. Seven percent of experienced investors are Black, the poll said.</p><p><blockquote>调查发现,新投资者的种族更加多样化,17%的新投资者是黑人。民意调查显示,7% 的经验丰富的投资者是黑人。</blockquote></p><p> As the hearing continued, some lawmakers questioned whether more guardrails need to be in place, while others said lawmakers shouldn’t condescend to retail investors and assume they know best.</p><p><blockquote>随着听证会的继续,一些立法者质疑是否需要设置更多的护栏,而另一些立法者则表示,立法者不应屈尊于散户投资者,并认为他们最了解情况。</blockquote></p><p> “Many Americans feel that the system is stacked against them and no matter what, Wall Street always wins,” said Rep. Maxine Waters, who chairs the House Financial Services Committee. “In this instance, many retail investors appeared motivated by a desire to beat Wall Street at its own game and given the losses that many retail investors have sustained as a result of volatility in the system, there are many whose beliefs that the system is rigged against them has been reinforced.”</p><p><blockquote>“众议院金融服务委员会主席、众议员玛克辛-沃特斯(Maxine Waters)说:”许多美国人认为这个体系对他们不利,无论如何,华尔街总是会赢。“在这种情况下,许多散户投资者似乎是出于在自己的游戏中击败华尔街的愿望,考虑到许多散户投资者因系统波动而遭受的损失,许多人认为系统被操纵了,对他们不利。”</blockquote></p><p> The GameStop saga was a “fundamental change,” said Rep. Patrick McHenry, the ranking Republican on the committee. The swell in trading was propelled by social media and a wealth of new information at investors’ fingertips.</p><p><blockquote>委员会中排名第一的共和党众议员帕特里克-麦克亨利(Patrick McHenry)说,游戏驿站事件是一个 “根本性的变化”。交易量的激增是由社交媒体和投资者唾手可得的大量新信息推动的。</blockquote></p><p> “I think if we’ve learned anything from these past few weeks, it’s that these average everyday investors are pretty darn sophisticated,” McHenry said. “There is wisdom to the crowd.”</p><p><blockquote>“麦克亨利说:”我认为,如果说我们从过去几周中学到了什么,那就是这些普通的日常投资者都非常老练。“人群中有智慧”。</blockquote></p><p> The government needs to make it easier for everyday investors to buy into the market, he said. “Instead of shutting the American public out through new regulations, new forms of taxation or so-called protections, let’s use this opprotunity to side with them.”</p><p><blockquote>他说,政府需要让普通投资者更容易入市。“与其通过新的法规、新的税收形式或所谓的保护措施将美国公众拒之门外,让我们利用这个机会站在他们一边”。</blockquote></p><p> One of the witnesses was Keith Gill, a 34-year-old independent investor with online handles like “Roaring Kitty” who turned his GameStop investment into millions. He made all his investment decisions based on publicly-availabile information, he told Congress.</p><p><blockquote>证人之一是基思-吉尔(Keith Gill),他是一位 34 岁的独立投资者,在网上拥有 “咆哮的小猫 ”这样的账号,他将自己在游戏驿站的投资变成了数百万美元。他告诉国会,他所有的投资决策都是根据公开信息做出的。</blockquote></p><p> “I would be the first to acknowledge that investing in stocks and options is incredibly risky, and it’s so important for people to do their own thorough research before investing,” Gill said. “Folks should be able to freely express their views on a stock, and they should be able to buy or not buy a stock based on those views.”</p><p><blockquote>“吉尔说:”我会第一个承认投资股票和期权风险极大,人们在投资前进行彻底的研究非常重要。“人们应该能够自由地表达自己对股票的看法,他们应该能够根据这些看法购买或不购买股票”。</blockquote></p><p> GameStop shares are up nearly 116% year-to-date. The Dow Jones Industrial Average is up nearly 3% and the S&P 500 is up more than 4% in 2021.</p><p><blockquote>今年迄今为止,游戏驿站股价已上涨近 116%。2021年,道琼斯工业平均指数上涨近3%,标普500上涨超过4%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.marketwatch.com/story/gamestop-hearing-challenges-assumptions-about-rookie-investors-retail-investors-making-up-this-new-surge-are-different-11613680041?mod=home-page\">Marketwatch</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.marketwatch.com/story/gamestop-hearing-challenges-assumptions-about-rookie-investors-retail-investors-making-up-this-new-surge-are-different-11613680041?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1103921295","content_text":"Robinhood CEO Vlad Tenev discussed average account sizes and user demographics during a congressional hearing on GameStop’s rise and fall.\n\nYOLO? Maybe not quite so.\nDuring the GameStop trading frenzy, some observers worried many rookie retail investors banding together on sites like Reddit’s WallStreetBets would bet big — a so-called “YOLO trade” in the forum’sslang— andend up losing badly.\nNo doubt, this wasa serious event that rocked the stock market, bringing it “dangerously close” to collapse, according to Thomas Peterffy, founder and chairman of Interactive Brokers Group.\nBut at a closely-watched congressional hearing Thursday on the rise and fall of GameStop shares and other so-called “meme stocks,” statements by one of the key players in the trading firestorm revealed that young investors generally aren’t betting big to reap quick gains.\n“Contrary to some very misleading and highly uninformed reports, we see evidence that most of our customers are investing for the long term,” said Vlad Tenev, CEO of Robinhood, the popular trading platform that caughtmassive irefor temporarily restricting trades on GameStopGME,-11.43%,AMC EntertainmentAMC,-0.72%and several other companies. As the hearing continued, he repeated that point under lawmaker questions.\n“What we see is generally not consistent with popular memes suggesting that most of our brokerage customers are unsophisticated day traders taking inordinate risks with large sums of money on complex financial products,”Tenev wrote in prepared testimony submitted ahead of the hearing,pushing back on the idea that his companyencouraged reckless tradingon a platform with 13 million users.\nJust 2% of Robinhood users qualified as “pattern day traders” who made four or more trades within five business days, he said. Thirteen percent traded basic options contracts, which can be higher risk, higher reward than straight-ahead buying or selling.\nIn the face of some pointed questions, he also insisted Robinhood isn’t trying to turn the user experience into a game. “We know investing is serious and that’s why most of our customers are buy and hold,” he said.\n(Before the GameStop saga, Massachusetts state regulators filed a complaint against Robinhood for allegedly making trading seem too fun until loses occur. The company previously said itdisputes the allegation.)\nTenev and lawmakershave sparredon what Robinhood should and shouldn’t have done during the GameStop saga. GameStop shares once traded at a high point of $483. By Thursday’s market close, GameStop shares were $40.69.\nBut either way, Tenev’s testimony gave an interesting peek at who the newest retail investors are and how much money they are pouring into the market. After all, retail investors were already increasingly entering the stock market before the GameStop drama started.\nFifty-five percent of Americans directly own stock, according to aGallup surveylast year, while 32% of 18- to 29-year-olds said they owned stock.\nThe median age of Robinhood investors is 31 and half of users say they are first-time investors. The median account size is about $240, according to Tenev’s statement, and the average account size is about $5,000.\nThe fact that 13% of Robinhood users are trading options gives some advocates pause. Barbara Roper, director of investor protection at the Consumer Federation of America,saidthat “strikes us as a pretty high percentage when you consider the characteristics of Robinhood’s customer base (disproportionately young, first-time investors with small accounts).”\nRobinhood investors also tend to be a slightly more racially diverse crowd, according to Tenev’s testimony. Nine percent of users are Black, compared to 3% at other firms and 16% are Hispanic, versus 7% at other firms, according to Tenev’s statement.\n“Retail investors making up this new surge are different,” testified Jennifer Schulp, the Cato Institute’s director of financial regulation studies.\nRetail investors are nicknamed as“dumb money”on Wall Street, Schulp said. “I think it’s insulting. I think the term needs to go out the window. I think the GameStop situation is proof the retail investors are revolutionizing the market …. I think the retail investors here are learning by doing, which is one of the best ways to learn.”\nShe pointed to research from theFINRA Investor Education Foundationreleased earlier this month digging into the demographics and account balances of new retail investors.\nOne-third of new investors who opened a taxable investment account for the first time in 2020 said they had account balances of less than $500, versus 16% of experienced investors. Twenty-three percent of new investors had account balances up to $2,000. Twenty percent of experienced investors had account balances up to $2,000.\nThe survey found a more racially diverse set of new investors, with 17% of new investors being Black. Seven percent of experienced investors are Black, the poll said.\nAs the hearing continued, some lawmakers questioned whether more guardrails need to be in place, while others said lawmakers shouldn’t condescend to retail investors and assume they know best.\n“Many Americans feel that the system is stacked against them and no matter what, Wall Street always wins,” said Rep. Maxine Waters, who chairs the House Financial Services Committee. “In this instance, many retail investors appeared motivated by a desire to beat Wall Street at its own game and given the losses that many retail investors have sustained as a result of volatility in the system, there are many whose beliefs that the system is rigged against them has been reinforced.”\nThe GameStop saga was a “fundamental change,” said Rep. Patrick McHenry, the ranking Republican on the committee. The swell in trading was propelled by social media and a wealth of new information at investors’ fingertips.\n“I think if we’ve learned anything from these past few weeks, it’s that these average everyday investors are pretty darn sophisticated,” McHenry said. “There is wisdom to the crowd.”\nThe government needs to make it easier for everyday investors to buy into the market, he said. “Instead of shutting the American public out through new regulations, new forms of taxation or so-called protections, let’s use this opprotunity to side with them.”\nOne of the witnesses was Keith Gill, a 34-year-old independent investor with online handles like “Roaring Kitty” who turned his GameStop investment into millions. He made all his investment decisions based on publicly-availabile information, he told Congress.\n“I would be the first to acknowledge that investing in stocks and options is incredibly risky, and it’s so important for people to do their own thorough research before investing,” Gill said. “Folks should be able to freely express their views on a stock, and they should be able to buy or not buy a stock based on those views.”\nGameStop shares are up nearly 116% year-to-date. The Dow Jones Industrial Average is up nearly 3% and the S&P 500 is up more than 4% in 2021.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":1971,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":384833473,"gmtCreate":1613636662292,"gmtModify":1634552851532,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"Lol comment for the sake of coin","listText":"Lol comment for the sake of coin","text":"Lol comment for the sake of coin","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/384833473","repostId":"1112683598","repostType":4,"isVote":1,"tweetType":1,"viewCount":1478,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":384833294,"gmtCreate":1613636636218,"gmtModify":1634552851654,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"Never consider bout <a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>[开心] [开心] [开心] ","listText":"Never consider bout <a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>[开心] [开心] [开心] ","text":"Never consider bout $Castor Maritime, Inc.(CTRM)$[开心] [开心] [开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384833294","repostId":"1124565484","repostType":4,"repost":{"id":"1124565484","kind":"news","pubTimestamp":1613631190,"share":"https://www.laohunote.com/m/news/1124565484?lang=zh_CN&edition=full","pubTime":"2021-02-18 14:53","market":"us","language":"en","title":"22 additional dividend stocks that Warren Buffett might consider buying<blockquote>沃伦·巴菲特可能会考虑购买的 22 只额外股息股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1124565484","media":"MarketWatch","summary":"His Berkshire Hathaway conglomerate recently started buying shares of Verizon and Chevron — both hav","content":"<p><b>His Berkshire Hathaway conglomerate recently started buying shares of Verizon and Chevron — both have attractive dividend yields well-supported by expected cash flow.</b>A vote of confidence by Warren Buffett in a particular stock doesn’t mean you should jump on the bandwagon, but the Berkshire Hathaway CEO’s long-term track record speaks for itself. The man knows how to spot a bargain.</p><p><blockquote><b>他的伯克希尔哈撒韦公司最近开始购买威瑞森和雪佛龙的股票——这两家公司的股息收益率都很有吸引力,并得到了预期现金流的有力支持。</b>沃伦-巴菲特(Warren Buffett)对某只股票投下信任票并不意味着你应该跟风,但这位伯克希尔-哈撒韦公司(Berkshire Hathaway)首席执行官的长期业绩不言自明。这个人知道如何发现便宜货。</blockquote></p><p>Below is a screen of stocks inspired by Buffett’s two new picks that feature attractive dividend yields that are expected to be well-covered by free cash flow.</p><p><blockquote>下面是受巴菲特两只新精选股票启发的股票,它们的股息收益率极具吸引力,预计自由现金流将很好地覆盖这些股票。</blockquote></p><p>Word of Buffett’s new investment positions can send shares higher as other investors’ ears perk up. This happened after Berkshire Hathaway Inc.BRKdisclosed late Feb. 16 that it had purchased shares of Verizon Communications Inc.VZ.and Chevron Corp.CVX— two stocks with attractive dividend yields, one of which is cheaply priced when compared to the weighted valuation of the S&P 500 IndexSPX.</p><p><blockquote>巴菲特新投资头寸的消息会让其他投资者竖起耳朵,从而推动股价走高。此前,伯克希尔哈撒韦公司 (Berkshire Hathaway Inc.BRK) 于 2 月 16 日晚些时候披露,它已购买了 Verizon Communications Inc.VZ 和 Chevron Corp.CVX 的股票——这两只股票的股息收益率极具吸引力,其中一只股票的价格与标普500指数 SPX 的加权估值相比较低。</blockquote></p><p>Shares of Verizon were up 3% in early trading Feb. 17, while Chevron was up 3.5%. With dividends reinvested, Verizon had declined 7% for 2021 through Feb. 16, following a flat performance in 2020. Chevron was up 1.5% early Feb. 17 and had already risen 12% for 2021 following a 26% decline in 2020. Oil is on the upswing as investors look ahead to life after the pandemic. West Texas Intermediate crude oilCRUDE OILhad risen 68% from the close on Oct. 31 through Feb. 16, when it settled at $60.05 a barrel.</p><p><blockquote>2 月 17 日早盘交易中,Verizon 股价上涨 3%,雪佛龙股价上涨 3.5%。随着股息再投资,截至 2 月 16 日,Verizon 在 2020 年表现平平后,2021 年股价下跌了 7%。雪佛龙 2 月 17 日早些时候上涨 1.5%,继 2020 年下跌 26% 后,2021 年已上涨 12%。随着投资者展望大流行后的生活,油价正在上涨。西德克萨斯中质原油从 10 月 31 日收盘到 2 月 16 日收盘上涨 68%,收于每桶 60.05 美元。</blockquote></p><p>All of the following is based on closing prices Feb. 16 and consensus estimates among analysts polled by FactSet for the next 12 months.</p><p><blockquote>以下所有数据均基于 2 月 16 日的收盘价以及 FactSet 调查的分析师对未来 12 个月的一致预期。</blockquote></p><p>Verizon’s stock trades at a forward price-to-earnings ratio of 10.7, compared to a weighted aggregate forward P/E of 22.5 for the S&P 500. The shares have a dividend yield of 4.64%.</p><p><blockquote>Verizon 股票的远期市盈率为 10.7,而标普500的加权总远期市盈率为 22.5。该股股息率为4.64%。</blockquote></p><p>One way to gauge a company’s ability to cover its dividend (and hopefully raise it) is to look at its free cash flow, which is its remaining cash flow after planned capital expenditures. This is money that can be used for any corporate purpose, including expansion, share repurchases or dividend increases. We can measure a company’s free cash flow yield by dividing trailing or estimated free cash flow by the current share price. Because of the disruptions to the U.S. economy in 2020, all the free cash flow yields that follow make use of consensus estimates for the next 12 reported months.</p><p><blockquote>衡量一家公司支付股息(并希望提高股息)能力的一种方法是查看其自由现金流,即扣除计划资本支出后的剩余现金流。这笔钱可用于任何公司目的,包括扩张、股票回购或增加股息。我们可以通过将追踪或估计的自由现金流除以当前股价来衡量公司的自由现金流收益率。由于 2020 年美国经济受到干扰,随后的所有自由现金流收益率均采用了未来 12 个月报告的共识估计。</blockquote></p><p>Verizion’s forward free cash flow yield is 8.97%, showing “headroom” of 4.34% over the current dividend.</p><p><blockquote>Verizion 的远期自由现金流收益率为 8.97%,比当前股息有 4.34% 的 “余量 ”。</blockquote></p><p>Chevron’s stock trades at a forward P/E ratio of 24.8, which is higher than that of the S&P 500. Then again, 2021 is expected to be a recovery year for oil and natural gas, and analysts’ earnings estimates may not have caught up with rising fuel commodity prices. Chevron’s dividend yield is 5.54% and its forward free cash flow yield is 7.99%, leaving “headroom” of 2.45%.</p><p><blockquote>雪佛龙股票的远期市盈率为 24.8,高于标普500。话又说回来,2021 年预计将是石油和天然气的复苏之年,分析师的盈利预期可能赶不上燃料大宗商品价格的上涨。雪佛龙的股息收益率为 5.54%,远期自由现金流收益率为 7.99%,剩余 2.45% 的 “净空 ”。</blockquote></p><p>None of this is to say that Buffett is overly fixated on stocks with high dividend yields. He isn’t. Among the publicly traded holdings the company disclosed Feb. 16, there are plenty of companies that pay no dividends, including Amazon.com Inc.AMZN,Biogen Inc.BIIB,Charter Communications Inc.CHTRand General Motors Co.GM,which suspended its quarterly dividend in April.</p><p><blockquote>这并不是说巴菲特过度专注于高股息收益率的股票。他不是。在该公司 2 月 16 日披露的公开交易持股中,有许多公司不支付股息,包括亚马逊公司 (AMZN)、百健公司 (Biogen Inc.BIIB)、特许通信公司 (Charter Communications Inc.CHTRC) 和通用汽车公司 (General Motors Co.GM),后者暂停了四月份的季度股息。</blockquote></p><p><b>A Buffett dividend stock screen</b></p><p><blockquote><b>巴菲特股息股票筛选</b></blockquote></p><p>Working from Buffett’s selections of Verizon and Chevron and excluding stocks Berkshire Hathaway doesn’t already hold, here are the 22 stocks among the S&P 500 with dividend yields of at least 4.00%, for which free cash flow estimates for calendar 2021 are available, with headroom indicated. The list is sorted by dividend yield.</p><p><blockquote>根据巴菲特选择的 Verizon 和雪佛龙,并排除伯克希尔-哈撒韦公司尚未持有的股票,以下是标普500中股息收益率至少为 4.00% 的 22 只股票,这些股票可获得 2021 年日历的自由现金流估算,并标明了盈余空间。该列表按股息收益率排序。</blockquote></p><p><img src=\"https://static.tigerbbs.com/fc941b397e252f4198fa8bb425fa2bbb\" tg-width=\"666\" tg-height=\"762\" referrerpolicy=\"no-referrer\">Scroll the table to see all the data, including forward P/E ratios and total returns for 2021 and 2020.</p><p><blockquote>滚动表格查看所有数据,包括2021年和2020年的远期市盈率和总回报率。</blockquote></p><p>For real estate investment trusts, the industry standard for measuring dividend-paying ability is funds from operations, a non-GAAP figure that adds depreciation and amortization back to earnings and subtracts gains on the sale of property. So forward FFO estimates are used in the “estimated FCF yield” column on the table.</p><p><blockquote>对于房地产投资信托来说,衡量股息支付能力的行业标准是运营资金,这是一个非公认会计准则数字,将折旧和摊销加到收益中,并减去房地产销售的收益。因此,远期 FFO 估计值用于表格上的“估计 FCF 收益率”栏中。</blockquote></p><p>The list excludes four stocks already held by Berkshire Hathaway — Verizon, Chevron and two more:</p><p><blockquote>该名单不包括伯克希尔哈撒韦公司已持有的四只股票——Verizon、雪佛龙和另外两只股票:</blockquote></p><p></p><p><ul><li>AbbVie Inc.ABBVhas a dividend yield of 4.99%, with a forward free cash flow yield of 10.54% for headroom of 5.55%.</li><li>Kraft Heinz Co.KHChas a dividend yield of 4.52% and a forward free cash flow yield of 7.59% for headroom of 3.06%. The company cut its dividend by more than a third in February 2019.</li></ul>A high dividend yield might indicate investors are sour on the company’s business prospects or its ability to maintain the dividend over the long term, despite a high FCF yield. For example, the highest-yielding stock on the list is Lumen Technologies Inc.LUMN,which was CenturyLink before it was renamed in September. The dividend yield is 8.48%. CenturyLinkcut its quarterly dividend by 26% on the same day it authorized a $2 billion stock repurchase planin February 2013. The company’s quarterly dividend remained 54 cents a share until it wascut to the current 25 cents a sharein February 2019. For five years through Feb. 16, shares of Lumen/CenturyLink were down 34%, with dividends reinvested, while they were down 38% for 10 years.</p><p><blockquote><ul><li>艾伯维公司ABBV的股息收益率为4.99%,远期自由现金流收益率为10.54%,净空为5.55%。</li><li>卡夫亨氏公司的股息收益率为 4.52%,远期自由现金流收益率为 7.59%,净空为 3.06%。该公司于 2019 年 2 月将股息削减了三分之一以上。</li></ul>尽管自由现金流收益率很高,但高股息收益率可能表明投资者对公司的业务前景或长期维持股息的能力感到不满。例如,名单上收益率最高的股票是 Lumen Technologies Inc.LUMN,该公司在 9 月份更名之前是 CenturyLink。股息率为8.48%。CenturyLink 在 2013 年 2 月授权 20 亿美元股票回购计划的同一天将季度股息削减了 26%。该公司的季度股息一直维持在每股 54 美分,直到 2019 年 2 月降至目前的每股 25 美分。截至 2 月 16 日的五年里,Lumen/CenturyLink 的股价下跌了 34%,股息进行了再投资,而 10 年来股价下跌了 38%。</blockquote></p><p>Other companies on the list that have cut dividends over the past 10 years include Williams Cos.WMB,Kinder Morgan Inc.KMI,Vornado Realty TrustVNOand Simon Property Group Inc.SPG,which reduced its payout by 38% in June.</p><p><blockquote>名单上其他在过去 10 年中削减股息的公司包括 Williams Cos. WMB、Kinder Morgan Inc.KMI、Vornado Realty TrustVNO 和 Simon Property Group Inc.SPG,后者在 6 月份将股息减少了 38%。</blockquote></p><p>All of this emphasizes the importance of doing your own research to form your own opinion about a company’s long-term prospects if you see any stocks of interest here.</p><p><blockquote>所有这些都强调了自己进行研究的重要性,如果您在这里看到任何感兴趣的股票,就必须对公司的长期前景形成自己的看法。</blockquote></p><p>Aside from CenturyLink, the stock listed above with the lowest forward P/E valuation is AT&T Inc.T,with a dividend yield of 7.18% and P/E of 9.2, followed by Pfizer Inc.PFE,with a yield of 4.50% and forward P/E of 10.3.</p><p><blockquote>除CenturyLink外,上述远期市盈率最低的股票是AT&T Inc.T,股息率为7.18%,市盈率为9.2,其次是辉瑞公司PFE,收益率为4.50%,远期市盈率为10.3。</blockquote></p><p></p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>22 additional dividend stocks that Warren Buffett might consider buying<blockquote>沃伦·巴菲特可能会考虑购买的 22 只额外股息股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n22 additional dividend stocks that Warren Buffett might consider buying<blockquote>沃伦·巴菲特可能会考虑购买的 22 只额外股息股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-02-18 14:53</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>His Berkshire Hathaway conglomerate recently started buying shares of Verizon and Chevron — both have attractive dividend yields well-supported by expected cash flow.</b>A vote of confidence by Warren Buffett in a particular stock doesn’t mean you should jump on the bandwagon, but the Berkshire Hathaway CEO’s long-term track record speaks for itself. The man knows how to spot a bargain.</p><p><blockquote><b>他的伯克希尔哈撒韦公司最近开始购买威瑞森和雪佛龙的股票——这两家公司的股息收益率都很有吸引力,并得到了预期现金流的有力支持。</b>沃伦-巴菲特(Warren Buffett)对某只股票投下信任票并不意味着你应该跟风,但这位伯克希尔-哈撒韦公司(Berkshire Hathaway)首席执行官的长期业绩不言自明。这个人知道如何发现便宜货。</blockquote></p><p>Below is a screen of stocks inspired by Buffett’s two new picks that feature attractive dividend yields that are expected to be well-covered by free cash flow.</p><p><blockquote>下面是受巴菲特两只新精选股票启发的股票,它们的股息收益率极具吸引力,预计自由现金流将很好地覆盖这些股票。</blockquote></p><p>Word of Buffett’s new investment positions can send shares higher as other investors’ ears perk up. This happened after Berkshire Hathaway Inc.BRKdisclosed late Feb. 16 that it had purchased shares of Verizon Communications Inc.VZ.and Chevron Corp.CVX— two stocks with attractive dividend yields, one of which is cheaply priced when compared to the weighted valuation of the S&P 500 IndexSPX.</p><p><blockquote>巴菲特新投资头寸的消息会让其他投资者竖起耳朵,从而推动股价走高。此前,伯克希尔哈撒韦公司 (Berkshire Hathaway Inc.BRK) 于 2 月 16 日晚些时候披露,它已购买了 Verizon Communications Inc.VZ 和 Chevron Corp.CVX 的股票——这两只股票的股息收益率极具吸引力,其中一只股票的价格与标普500指数 SPX 的加权估值相比较低。</blockquote></p><p>Shares of Verizon were up 3% in early trading Feb. 17, while Chevron was up 3.5%. With dividends reinvested, Verizon had declined 7% for 2021 through Feb. 16, following a flat performance in 2020. Chevron was up 1.5% early Feb. 17 and had already risen 12% for 2021 following a 26% decline in 2020. Oil is on the upswing as investors look ahead to life after the pandemic. West Texas Intermediate crude oilCRUDE OILhad risen 68% from the close on Oct. 31 through Feb. 16, when it settled at $60.05 a barrel.</p><p><blockquote>2 月 17 日早盘交易中,Verizon 股价上涨 3%,雪佛龙股价上涨 3.5%。随着股息再投资,截至 2 月 16 日,Verizon 在 2020 年表现平平后,2021 年股价下跌了 7%。雪佛龙 2 月 17 日早些时候上涨 1.5%,继 2020 年下跌 26% 后,2021 年已上涨 12%。随着投资者展望大流行后的生活,油价正在上涨。西德克萨斯中质原油从 10 月 31 日收盘到 2 月 16 日收盘上涨 68%,收于每桶 60.05 美元。</blockquote></p><p>All of the following is based on closing prices Feb. 16 and consensus estimates among analysts polled by FactSet for the next 12 months.</p><p><blockquote>以下所有数据均基于 2 月 16 日的收盘价以及 FactSet 调查的分析师对未来 12 个月的一致预期。</blockquote></p><p>Verizon’s stock trades at a forward price-to-earnings ratio of 10.7, compared to a weighted aggregate forward P/E of 22.5 for the S&P 500. The shares have a dividend yield of 4.64%.</p><p><blockquote>Verizon 股票的远期市盈率为 10.7,而标普500的加权总远期市盈率为 22.5。该股股息率为4.64%。</blockquote></p><p>One way to gauge a company’s ability to cover its dividend (and hopefully raise it) is to look at its free cash flow, which is its remaining cash flow after planned capital expenditures. This is money that can be used for any corporate purpose, including expansion, share repurchases or dividend increases. We can measure a company’s free cash flow yield by dividing trailing or estimated free cash flow by the current share price. Because of the disruptions to the U.S. economy in 2020, all the free cash flow yields that follow make use of consensus estimates for the next 12 reported months.</p><p><blockquote>衡量一家公司支付股息(并希望提高股息)能力的一种方法是查看其自由现金流,即扣除计划资本支出后的剩余现金流。这笔钱可用于任何公司目的,包括扩张、股票回购或增加股息。我们可以通过将追踪或估计的自由现金流除以当前股价来衡量公司的自由现金流收益率。由于 2020 年美国经济受到干扰,随后的所有自由现金流收益率均采用了未来 12 个月报告的共识估计。</blockquote></p><p>Verizion’s forward free cash flow yield is 8.97%, showing “headroom” of 4.34% over the current dividend.</p><p><blockquote>Verizion 的远期自由现金流收益率为 8.97%,比当前股息有 4.34% 的 “余量 ”。</blockquote></p><p>Chevron’s stock trades at a forward P/E ratio of 24.8, which is higher than that of the S&P 500. Then again, 2021 is expected to be a recovery year for oil and natural gas, and analysts’ earnings estimates may not have caught up with rising fuel commodity prices. Chevron’s dividend yield is 5.54% and its forward free cash flow yield is 7.99%, leaving “headroom” of 2.45%.</p><p><blockquote>雪佛龙股票的远期市盈率为 24.8,高于标普500。话又说回来,2021 年预计将是石油和天然气的复苏之年,分析师的盈利预期可能赶不上燃料大宗商品价格的上涨。雪佛龙的股息收益率为 5.54%,远期自由现金流收益率为 7.99%,剩余 2.45% 的 “净空 ”。</blockquote></p><p>None of this is to say that Buffett is overly fixated on stocks with high dividend yields. He isn’t. Among the publicly traded holdings the company disclosed Feb. 16, there are plenty of companies that pay no dividends, including Amazon.com Inc.AMZN,Biogen Inc.BIIB,Charter Communications Inc.CHTRand General Motors Co.GM,which suspended its quarterly dividend in April.</p><p><blockquote>这并不是说巴菲特过度专注于高股息收益率的股票。他不是。在该公司 2 月 16 日披露的公开交易持股中,有许多公司不支付股息,包括亚马逊公司 (AMZN)、百健公司 (Biogen Inc.BIIB)、特许通信公司 (Charter Communications Inc.CHTRC) 和通用汽车公司 (General Motors Co.GM),后者暂停了四月份的季度股息。</blockquote></p><p><b>A Buffett dividend stock screen</b></p><p><blockquote><b>巴菲特股息股票筛选</b></blockquote></p><p>Working from Buffett’s selections of Verizon and Chevron and excluding stocks Berkshire Hathaway doesn’t already hold, here are the 22 stocks among the S&P 500 with dividend yields of at least 4.00%, for which free cash flow estimates for calendar 2021 are available, with headroom indicated. The list is sorted by dividend yield.</p><p><blockquote>根据巴菲特选择的 Verizon 和雪佛龙,并排除伯克希尔-哈撒韦公司尚未持有的股票,以下是标普500中股息收益率至少为 4.00% 的 22 只股票,这些股票可获得 2021 年日历的自由现金流估算,并标明了盈余空间。该列表按股息收益率排序。</blockquote></p><p><img src=\"https://static.tigerbbs.com/fc941b397e252f4198fa8bb425fa2bbb\" tg-width=\"666\" tg-height=\"762\" referrerpolicy=\"no-referrer\">Scroll the table to see all the data, including forward P/E ratios and total returns for 2021 and 2020.</p><p><blockquote>滚动表格查看所有数据,包括2021年和2020年的远期市盈率和总回报率。</blockquote></p><p>For real estate investment trusts, the industry standard for measuring dividend-paying ability is funds from operations, a non-GAAP figure that adds depreciation and amortization back to earnings and subtracts gains on the sale of property. So forward FFO estimates are used in the “estimated FCF yield” column on the table.</p><p><blockquote>对于房地产投资信托来说,衡量股息支付能力的行业标准是运营资金,这是一个非公认会计准则数字,将折旧和摊销加到收益中,并减去房地产销售的收益。因此,远期 FFO 估计值用于表格上的“估计 FCF 收益率”栏中。</blockquote></p><p>The list excludes four stocks already held by Berkshire Hathaway — Verizon, Chevron and two more:</p><p><blockquote>该名单不包括伯克希尔哈撒韦公司已持有的四只股票——Verizon、雪佛龙和另外两只股票:</blockquote></p><p></p><p><ul><li>AbbVie Inc.ABBVhas a dividend yield of 4.99%, with a forward free cash flow yield of 10.54% for headroom of 5.55%.</li><li>Kraft Heinz Co.KHChas a dividend yield of 4.52% and a forward free cash flow yield of 7.59% for headroom of 3.06%. The company cut its dividend by more than a third in February 2019.</li></ul>A high dividend yield might indicate investors are sour on the company’s business prospects or its ability to maintain the dividend over the long term, despite a high FCF yield. For example, the highest-yielding stock on the list is Lumen Technologies Inc.LUMN,which was CenturyLink before it was renamed in September. The dividend yield is 8.48%. CenturyLinkcut its quarterly dividend by 26% on the same day it authorized a $2 billion stock repurchase planin February 2013. The company’s quarterly dividend remained 54 cents a share until it wascut to the current 25 cents a sharein February 2019. For five years through Feb. 16, shares of Lumen/CenturyLink were down 34%, with dividends reinvested, while they were down 38% for 10 years.</p><p><blockquote><ul><li>艾伯维公司ABBV的股息收益率为4.99%,远期自由现金流收益率为10.54%,净空为5.55%。</li><li>卡夫亨氏公司的股息收益率为 4.52%,远期自由现金流收益率为 7.59%,净空为 3.06%。该公司于 2019 年 2 月将股息削减了三分之一以上。</li></ul>尽管自由现金流收益率很高,但高股息收益率可能表明投资者对公司的业务前景或长期维持股息的能力感到不满。例如,名单上收益率最高的股票是 Lumen Technologies Inc.LUMN,该公司在 9 月份更名之前是 CenturyLink。股息率为8.48%。CenturyLink 在 2013 年 2 月授权 20 亿美元股票回购计划的同一天将季度股息削减了 26%。该公司的季度股息一直维持在每股 54 美分,直到 2019 年 2 月降至目前的每股 25 美分。截至 2 月 16 日的五年里,Lumen/CenturyLink 的股价下跌了 34%,股息进行了再投资,而 10 年来股价下跌了 38%。</blockquote></p><p>Other companies on the list that have cut dividends over the past 10 years include Williams Cos.WMB,Kinder Morgan Inc.KMI,Vornado Realty TrustVNOand Simon Property Group Inc.SPG,which reduced its payout by 38% in June.</p><p><blockquote>名单上其他在过去 10 年中削减股息的公司包括 Williams Cos. WMB、Kinder Morgan Inc.KMI、Vornado Realty TrustVNO 和 Simon Property Group Inc.SPG,后者在 6 月份将股息减少了 38%。</blockquote></p><p>All of this emphasizes the importance of doing your own research to form your own opinion about a company’s long-term prospects if you see any stocks of interest here.</p><p><blockquote>所有这些都强调了自己进行研究的重要性,如果您在这里看到任何感兴趣的股票,就必须对公司的长期前景形成自己的看法。</blockquote></p><p>Aside from CenturyLink, the stock listed above with the lowest forward P/E valuation is AT&T Inc.T,with a dividend yield of 7.18% and P/E of 9.2, followed by Pfizer Inc.PFE,with a yield of 4.50% and forward P/E of 10.3.</p><p><blockquote>除CenturyLink外,上述远期市盈率最低的股票是AT&T Inc.T,股息率为7.18%,市盈率为9.2,其次是辉瑞公司PFE,收益率为4.50%,远期市盈率为10.3。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.marketwatch.com/story/22-additional-dividend-stocks-that-warren-buffett-might-consider-buying-11613579442?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FRT":"FRT信托","O":"Realty Income Corp","VNO":"沃那多房信","WMB":"威廉姆斯","LYB":"利安德巴塞尔","AMCR":"AMCOR PLC","IPG":"埃培智","LUMN":"Lumen Technologies","MPC":"马拉松原油","IP":"国际纸业","OKE":"欧尼克(万欧卡)","DOW":"陶氏化学","REG":"Regency Centers Corp","SLG":"SL Green Realty Corp","PSX":"Phillips 66","IRM":"爱恩铁山","KMI":"金德尔摩根","T":"At&T","PFE":"辉瑞","SPG":"西蒙地产","BXP":"BXP Inc"},"source_url":"https://www.marketwatch.com/story/22-additional-dividend-stocks-that-warren-buffett-might-consider-buying-11613579442?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1124565484","content_text":"His Berkshire Hathaway conglomerate recently started buying shares of Verizon and Chevron — both have attractive dividend yields well-supported by expected cash flow.A vote of confidence by Warren Buffett in a particular stock doesn’t mean you should jump on the bandwagon, but the Berkshire Hathaway CEO’s long-term track record speaks for itself. The man knows how to spot a bargain.Below is a screen of stocks inspired by Buffett’s two new picks that feature attractive dividend yields that are expected to be well-covered by free cash flow.Word of Buffett’s new investment positions can send shares higher as other investors’ ears perk up. This happened after Berkshire Hathaway Inc.BRKdisclosed late Feb. 16 that it had purchased shares of Verizon Communications Inc.VZ.and Chevron Corp.CVX— two stocks with attractive dividend yields, one of which is cheaply priced when compared to the weighted valuation of the S&P 500 IndexSPX.Shares of Verizon were up 3% in early trading Feb. 17, while Chevron was up 3.5%. With dividends reinvested, Verizon had declined 7% for 2021 through Feb. 16, following a flat performance in 2020. Chevron was up 1.5% early Feb. 17 and had already risen 12% for 2021 following a 26% decline in 2020. Oil is on the upswing as investors look ahead to life after the pandemic. West Texas Intermediate crude oilCRUDE OILhad risen 68% from the close on Oct. 31 through Feb. 16, when it settled at $60.05 a barrel.All of the following is based on closing prices Feb. 16 and consensus estimates among analysts polled by FactSet for the next 12 months.Verizon’s stock trades at a forward price-to-earnings ratio of 10.7, compared to a weighted aggregate forward P/E of 22.5 for the S&P 500. The shares have a dividend yield of 4.64%.One way to gauge a company’s ability to cover its dividend (and hopefully raise it) is to look at its free cash flow, which is its remaining cash flow after planned capital expenditures. This is money that can be used for any corporate purpose, including expansion, share repurchases or dividend increases. We can measure a company’s free cash flow yield by dividing trailing or estimated free cash flow by the current share price. Because of the disruptions to the U.S. economy in 2020, all the free cash flow yields that follow make use of consensus estimates for the next 12 reported months.Verizion’s forward free cash flow yield is 8.97%, showing “headroom” of 4.34% over the current dividend.Chevron’s stock trades at a forward P/E ratio of 24.8, which is higher than that of the S&P 500. Then again, 2021 is expected to be a recovery year for oil and natural gas, and analysts’ earnings estimates may not have caught up with rising fuel commodity prices. Chevron’s dividend yield is 5.54% and its forward free cash flow yield is 7.99%, leaving “headroom” of 2.45%.None of this is to say that Buffett is overly fixated on stocks with high dividend yields. He isn’t. Among the publicly traded holdings the company disclosed Feb. 16, there are plenty of companies that pay no dividends, including Amazon.com Inc.AMZN,Biogen Inc.BIIB,Charter Communications Inc.CHTRand General Motors Co.GM,which suspended its quarterly dividend in April.A Buffett dividend stock screenWorking from Buffett’s selections of Verizon and Chevron and excluding stocks Berkshire Hathaway doesn’t already hold, here are the 22 stocks among the S&P 500 with dividend yields of at least 4.00%, for which free cash flow estimates for calendar 2021 are available, with headroom indicated. The list is sorted by dividend yield.Scroll the table to see all the data, including forward P/E ratios and total returns for 2021 and 2020.For real estate investment trusts, the industry standard for measuring dividend-paying ability is funds from operations, a non-GAAP figure that adds depreciation and amortization back to earnings and subtracts gains on the sale of property. So forward FFO estimates are used in the “estimated FCF yield” column on the table.The list excludes four stocks already held by Berkshire Hathaway — Verizon, Chevron and two more:AbbVie Inc.ABBVhas a dividend yield of 4.99%, with a forward free cash flow yield of 10.54% for headroom of 5.55%.Kraft Heinz Co.KHChas a dividend yield of 4.52% and a forward free cash flow yield of 7.59% for headroom of 3.06%. The company cut its dividend by more than a third in February 2019.A high dividend yield might indicate investors are sour on the company’s business prospects or its ability to maintain the dividend over the long term, despite a high FCF yield. For example, the highest-yielding stock on the list is Lumen Technologies Inc.LUMN,which was CenturyLink before it was renamed in September. The dividend yield is 8.48%. CenturyLinkcut its quarterly dividend by 26% on the same day it authorized a $2 billion stock repurchase planin February 2013. The company’s quarterly dividend remained 54 cents a share until it wascut to the current 25 cents a sharein February 2019. For five years through Feb. 16, shares of Lumen/CenturyLink were down 34%, with dividends reinvested, while they were down 38% for 10 years.Other companies on the list that have cut dividends over the past 10 years include Williams Cos.WMB,Kinder Morgan Inc.KMI,Vornado Realty TrustVNOand Simon Property Group Inc.SPG,which reduced its payout by 38% in June.All of this emphasizes the importance of doing your own research to form your own opinion about a company’s long-term prospects if you see any stocks of interest here.Aside from CenturyLink, the stock listed above with the lowest forward P/E valuation is AT&T Inc.T,with a dividend yield of 7.18% and P/E of 9.2, followed by Pfizer Inc.PFE,with a yield of 4.50% and forward P/E of 10.3.","news_type":1,"symbols_score_info":{"IRM":0.9,"OKE":0.9,"VNO":0.9,"PFE":0.9,"K":0.9,"BXP":0.9,"O":0.9,"WMB":0.9,"T":0.9,"FRT":0.9,"MPC":0.9,"SPG":0.9,"DOW":0.9,"LYB":0.9,"AMCR":0.9,"REG":0.9,"KMI":0.9,"IPG":0.9,"LUMN":0.9,"IP":0.9,"PSX":0.9,"SLG":0.9}},"isVote":1,"tweetType":1,"viewCount":2752,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":385631689,"gmtCreate":1613540201841,"gmtModify":1631890613319,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/GTE\">$Gran Tierra(GTE)$</a>yea boi","listText":"<a href=\"https://laohu8.com/S/GTE\">$Gran Tierra(GTE)$</a>yea boi","text":"$Gran Tierra(GTE)$yea boi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/385631689","repostId":"1146053060","repostType":4,"repost":{"id":"1146053060","kind":"news","pubTimestamp":1613540252,"share":"https://www.laohunote.com/m/news/1146053060?lang=zh_CN&edition=full","pubTime":"2021-02-17 13:37","market":"fut","language":"en","title":"Is This Oil Rally The Start Of Something Much Bigger?<blockquote>这次油价反弹是更大事件的开始吗?</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1146053060","media":"Oilprice","summary":"Commodities have rallied in recent months, outperforming equity indexes amid expectations of an econ","content":"<p><div> Commodities have rallied in recent months, outperforming equity indexes amid expectations of an economic recovery, easy monetary policy, and rising inflation. The commodity bull run across the board—...</p><p><blockquote><div>近几个月来,由于经济复苏、宽松货币政策和通胀上升的预期,大宗商品价格上涨,表现优于股票指数。大宗商品牛市全面运行——...</div></blockquote></p><p> <a href=\"https://oilprice.com/Energy/Oil-Prices/Is-This-Oil-Rally-The-Start-Of-Something-Much-Bigger.html\">网页链接</a> </div> </p><p><blockquote><a href=\"https://oilprice.com/Energy/Oil-Prices/Is-This-Oil-Rally-The-Start-Of-Something-Much-Bigger.html\">网页连接</a></blockquote></p><p></p>","source":"lsy1606109400967","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>Is This Oil Rally The Start Of Something Much Bigger?<blockquote>这次油价反弹是更大事件的开始吗?</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs This Oil Rally The Start Of Something Much Bigger?<blockquote>这次油价反弹是更大事件的开始吗?</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Oilprice</strong><span class=\"h-time small\">2021-02-17 13:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Commodities have rallied in recent months, outperforming equity indexes amid expectations of an economic recovery, easy monetary policy, and rising inflation. The commodity bull run across the board—...</p><p><blockquote><div>近几个月来,由于经济复苏、宽松货币政策和通胀上升的预期,大宗商品价格上涨,表现优于股票指数。大宗商品牛市全面运行——...</div></blockquote></p><p> <a href=\"https://oilprice.com/Energy/Oil-Prices/Is-This-Oil-Rally-The-Start-Of-Something-Much-Bigger.html\">网页链接</a> </div> </p><p><blockquote><a href=\"https://oilprice.com/Energy/Oil-Prices/Is-This-Oil-Rally-The-Start-Of-Something-Much-Bigger.html\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://oilprice.com/Energy/Oil-Prices/Is-This-Oil-Rally-The-Start-Of-Something-Much-Bigger.html\">Oilprice</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://oilprice.com/Energy/Oil-Prices/Is-This-Oil-Rally-The-Start-Of-Something-Much-Bigger.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146053060","content_text":"Commodities have rallied in recent months, outperforming equity indexes amid expectations of an economic recovery, easy monetary policy, and rising inflation.\nThe commodity bull run across the board—spearheaded by a 50-percent jump in oil prices over the past three months—isn’t finished running, analysts and investment banks say. Some of the biggest investment banks have even started to call the start of a new commodities supercycle, which by definition, lasts years—typically about a decade.\nYet, not all investment banks and analysts are as convinced that we are in for a commodities supercycle across the board, warning that the termsupercycleis too optimistic for a bull run that could fizzle out within a year or two and could still fall victim to negative COVID-related impacts.\nCommodity Rally\nAs early as in October 2020, a few weeks before the first announcement of an effective vaccine candidate, Goldman Sachs said that commodities were headed toward a bull run in 2021. Hedges against expectations of rising inflation, a weakening U.S. dollar in which most commodities are traded, and signals of “very easy” monetary policy from central banks would be the key drivers of rallying commodities, Goldman Sachs said back then.\nGoldman expected the S&P Goldman Sachs Commodity Index (GSCI) to return 42.6 percent for energy over a 12-month period, and 17.9 percent for precious metals.\nOver the past three months, the S&P GSCI has outperformed the S&P 500 index, with the commodity index rising by 25 percent, compared to (just) a 9-percent increase in the S&P 500.\nOver the same period, oil prices have rallied from the low $40s to above $60 a barrel, driven by vaccine rollouts, OPEC+ production cuts, and expectations of a tight market and rising oil demand later this year when economies return to growth, helped by large stimulus packages.\nSome Drivers Of A New Supercycle Are Here…\nAccording to JPMorgan, there are reasons to believe that a new commodity supercycle may have just started.\n“We believe that the new commodity upswing, and in particular oil up cycle, has started,” JPMorgan analysts led by Marko Kolanovic said in a note last week, as carried by Bloomberg.\nThe latest commodity supercycle ended in 2008 after a 12-year run, boosted by the super-spending and economic surge in China.\nJPMorgan now sees several potential factors underpinning a new supercycle: post-pandemic global economic growth, “ultra loose” monetary policies, increased and tolerated inflation, weakening U.S. dollar, financial inflows to hedge inflation, metals for energy transition markets such as batteries and electric vehicles (EVs), and underinvestment in new oil supply.\nThe International Energy Agency (IEA) warned last year that if investment in oil were to stay at the 2020 levels over the next five years, it would reduce the previously expected level of oil supply in 2025 by nearly 9 million barrels per day (bpd).\nThis year, global upstream investments will stay low, just like they were in 2020, Wood Mackenzie said in December, expecting upstream oil and gas investment at a 15-year low of just US$300 billion, down by 30 percent from the pre-crisis level of investment in 2019.\n“The world may be sleepwalking into a supply crunch, albeit beyond 2021. A recovery in oil demand back to over 100 million b/d by late 2022 increases risk of a material supply gap later this decade, triggering an upward spike in price,” said Simon Flowers, Chairman and Chief Analyst at WoodMac.\nThen, “very easy monetary policy” and reflation trade could push oil pricesas high as $100 a barrel next year, Amrita Sen, chief oil analyst at Energy Aspects, told Bloomberg earlier this month.\nIn the week to February 9, hedge funds increased bullish bets on 24 major commodity futures by 5 percent to a fresh high of 2.7 million lots, representing a nominal value of $143.7 billion, Ole Hansen, Head of Commodity Strategy at Saxo Bank,said, commenting on the latest Commitments of Traders report.\nThe combined net long position—the difference between bullish and bearish bets—in Brent and WTI has now increased to the highest in 28 months, while the net long in the grain sector in agriculture is not far from the record set in August 2012, Hansen noted.\nPost-pandemic growth, tightening supply, and continued demand for reflation hedges pushed the Bloomberg Commodity index to a 27-month high, Hansen said.\nBut Is This The Start Of The Next Commodities Supercycle?\nAlthough crude oil and other commodities have rallied and signals have emerged to support the call for a new supercycle, some analysts are cautious and say it is a little early to proclaim the beginning of the next commodity supercycle.\nWhat we see in oil and commodities right now is a cyclical recovery, but a supercycle could be “two to three years away,” George Cheveley, portfolio manager at asset management company Ninety One, told Financial Times’ Natural Resources Editor Neil Hume.\nThis bull run is unlikely to turn into a supercycle for commodities, because while investment may be depressed, “the material is abundant” for many commodities, including crude oil, Ed Morse, managing director and global head of commodities research at Citigroup, told the Financial Post in an interview last week.\nCommodities have certainly benefited from the optimism that post-COVID growth and stimulus packages will boost demand and prices, but it may be a little premature to trumpet the next decade-long across-the-board commodities supercycle.","news_type":1,"symbols_score_info":{"BZmain":0.9,"CLmain":0.9}},"isVote":1,"tweetType":1,"viewCount":2626,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382726610,"gmtCreate":1613485889030,"gmtModify":1634553471433,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>正式起航了吗","listText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>正式起航了吗","text":"$Castor Maritime, Inc.(CTRM)$正式起航了吗","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/382726610","isVote":1,"tweetType":1,"viewCount":2358,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":382131678,"gmtCreate":1613380297694,"gmtModify":1631890613329,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/GTE\">$Gran Tierra(GTE)$</a>its time","listText":"<a href=\"https://laohu8.com/S/GTE\">$Gran Tierra(GTE)$</a>its time","text":"$Gran Tierra(GTE)$its time","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/382131678","repostId":"2110904027","repostType":4,"isVote":1,"tweetType":1,"viewCount":2142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":388103903,"gmtCreate":1613033170602,"gmtModify":1703768554700,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>再来吗","listText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>再来吗","text":"$Castor Maritime, Inc.(CTRM)$再来吗","images":[{"img":"https://static.tigerbbs.com/7524a796c5f3e057abce617c6604304a","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/388103903","isVote":1,"tweetType":1,"viewCount":957,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":381892411,"gmtCreate":1612950853933,"gmtModify":1703767335063,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>再来几点吧","listText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>再来几点吧","text":"$Castor Maritime, Inc.(CTRM)$再来几点吧","images":[{"img":"https://static.tigerbbs.com/3e3d8eecb11c2ed30d3706ded1768952","width":"1284","height":"2457"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/381892411","isVote":1,"tweetType":1,"viewCount":1088,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":383899456,"gmtCreate":1612861948675,"gmtModify":1703765920367,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>[得意] [得意] ","listText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>[得意] [得意] ","text":"$Castor Maritime, Inc.(CTRM)$[得意] [得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/383899456","repostId":"1107682656","repostType":4,"repost":{"id":"1107682656","kind":"news","pubTimestamp":1612851008,"share":"https://www.laohunote.com/m/news/1107682656?lang=zh_CN&edition=full","pubTime":"2021-02-09 14:10","market":"us","language":"en","title":"US stocks are in a bubble, and it's unclear when it will pop, hedge fund manager says<blockquote>对冲基金经理表示,美国股市正处于泡沫之中,目前尚不清楚泡沫何时会破裂</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1107682656","media":"CNN Business","summary":"New York (CNN Business) The V-shaped recovery in the stock market is gathering serious momentum.\nThe","content":"<p><div> New York (CNN Business) The V-shaped recovery in the stock market is gathering serious momentum. The S&P 500 is now 75% higher than its low point last March. The Nasdaq has more than doubled since its...</p><p><blockquote><div>纽约(CNN Business)股市的V型复苏势头强劲。标普500现在比去年3月的低点高出75%。纳斯达克自成立以来已经翻了一番多……</div></blockquote></p><p> <a href=\"https://edition.cnn.com/2021/02/08/investing/wall-street-market-bubble-yusko/index.html\">网页链接</a> </div> </p><p><blockquote><a href=\"https://edition.cnn.com/2021/02/08/investing/wall-street-market-bubble-yusko/index.html\">网页连接</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>US stocks are in a bubble, and it's unclear when it will pop, hedge fund manager says<blockquote>对冲基金经理表示,美国股市正处于泡沫之中,目前尚不清楚泡沫何时会破裂</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS stocks are in a bubble, and it's unclear when it will pop, hedge fund manager says<blockquote>对冲基金经理表示,美国股市正处于泡沫之中,目前尚不清楚泡沫何时会破裂</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN Business</strong><span class=\"h-time small\">2021-02-09 14:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> New York (CNN Business) The V-shaped recovery in the stock market is gathering serious momentum. The S&P 500 is now 75% higher than its low point last March. The Nasdaq has more than doubled since its...</p><p><blockquote><div>纽约(CNN Business)股市的V型复苏势头强劲。标普500现在比去年3月的低点高出75%。纳斯达克自成立以来已经翻了一番多……</div></blockquote></p><p> <a href=\"https://edition.cnn.com/2021/02/08/investing/wall-street-market-bubble-yusko/index.html\">网页链接</a> </div> </p><p><blockquote><a href=\"https://edition.cnn.com/2021/02/08/investing/wall-street-market-bubble-yusko/index.html\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://edition.cnn.com/2021/02/08/investing/wall-street-market-bubble-yusko/index.html\">CNN Business</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":{"ZM":"Zoom","TSLA":"特斯拉","GME":"游戏驿站",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://edition.cnn.com/2021/02/08/investing/wall-street-market-bubble-yusko/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107682656","content_text":"New York (CNN Business) The V-shaped recovery in the stock market is gathering serious momentum.\nThe S&P 500 is now 75% higher than its low point last March. The Nasdaq has more than doubled since its pandemic low. Tesla shares are up a staggering 900% over that span. And an army of traders on Reddit were able tosend GameStop to the moon, at least for a few days.\nAlthough there is good reason for optimism about the economy and the pandemic, some fear themarket euphoria is getting out of hand-- yet it's impossible to time the bubble's burst.\n\"I do think we are in a bubble like we were in 2000,\" veteran hedge fund manager Mark Yusko told CNN Business. \"That doesn't mean that tomorrow the market is going to crash.\"\nYusko, the CEO of Morgan Creek Capital Management, pointed to signs of extreme market speculation, such as the 1,625% spike forGameStop(GME)in January.\n\"Equity markets broadly are in bubble territory. Look at the parabolic moves by a number of companies like Tesla,\" he said.\nTesla (TSLA) shares gained another 2% Monday after the company announced it is investing $1.5 billion in bitcoin and will begin accepting the cryptocurrency for payment.\nYusko also pointed to howApple's (AAPL) annual net income has barely budged over the past five years. But per-share earnings, which drive share prices, have climbed sharply because the iPhone maker has aggressively repurchased its shares.\n\"That's just financial engineering,\" he said.\nImpossible to time\nAnother exhibit in Yusko's bubble case is Snowflake. The money-losing cloud computing company, which went public in September, is trading at 327 times revenue, according to data provider Refinitiv. That's well above what even Zoom (ZM) and DocuSign (DOCU) trade at.\nYusko's bubble warning echoes ones made in recent weeks by other well-known market players.\nLast month famed investor Jeremy Grantham said the bull market that began in 2009 had \"matured into a full-fledged epic bubble\"marked by \" extreme overvaluation, explosive price increases, frenzied issuance and hysterically speculative investor behavior.\"\nOf course, no one can time when a bubble will pop. And overheated markets can get much hotter before finally cooling off.\n\"The challenge with extreme valuations is they can go on longer than you think,\" Yusko said.\nAnd Yusko has been overly bearish before. Two years ago, he warned that the stock market was overvalued and tech stocks in particular would fall sharply. Yet the S&P 500 is up more than 40% since then — despite the worst pandemic in a century.\nMorgan Stanley: Get on board or get out of the way\nWhile Yusko and Grantham are sounding the alarm, some major Wall Street firms remain very optimistic on the economy and the stock market. They point to the persistence of rock-bottom interest rates that have forced investors to bet on stocks.\nGoldman Sachs upgraded its forecasts for second-quarter 2021 and 2022 GDP on Monday because of a sense that Democrats will pass a significantly larger relief package than previously anticipated.\nMeanwhile, Goldman Sachs expects the S&P 500 to climb to 4,300 by year end, up about 11% from current levels.\nMichael Wilson, equity strategist at Morgan Stanley, thinks the stock market's Reddit-driven scare is already firmly in the rearview mirror.\n\"It appears that greed once again has the upper hand over fear and the bull market is ready to resume in earnest,\" Wilson wrote in a note to clients Sunday.\nAfter suffering its worst week since October, the S&P 500 rapidly regained its losses last week, spiking 4.7%.\nEven though Wilson has recently called out signs of complacency and extreme risk, he is warning his clients not to fight this market rally.\n\"The prevailing view of better economic growth, more fiscal stimulus to come and continued money printing from the fed has everyone 'all in,'\" Wilson wrote. \"When such periods occur, it's rarely been easy or wise to get in the way. Instead, these trends typically need to run their course until they are derailed or simply exhausted.\"\nSPAC mania\nEven Yusko, the Morgan Creek hedge fund manager, is diving headfirst into one area of market speculation: SPAC mania.\nSpecial purpose acquisition companies, or SPACs, are shells with no operating assets that exist purely to take private companies public. Virgin Galactic, DraftKings and Nikola have all gone public this way instead of a traditional IPO.Even former baseball superstar Alex Rodriguez is trying to raise $500 million through a SPAC called Slam Corp.\nLate last month, Yusko launched Morgan Creek Exos SPAC Originated ETF, a fund that will target pre- and post-merger SPACs with an equal weight approach.\nBut some argue SPACs are more evidence of bubble-like behavior on Wall Street.\nSPACs are \"an invitation to give me your money and I'll let you know one day what I'm going to do with it,\" Grantham recently told CNBC.\nDuring the first three weeks of 2021 alone, SPACs raised $16 billion, surpassing the $13 billion that was raised in all of 2019, according to Goldman Sachs.\n\"Bubble-like sentiment surrounds SPACs,\" Goldman Sachs analysts said.\nYusko disagreed with that sentiment and suggested the criticism from Goldman Sachs is convenient because the Wall Street bank relies on traditional IPOs for a chunk of its revenue.\n\"It's intellectually lazy to make that statement,\" he said. \"Saying SPACs are the problem is like saying hedge funds or mutual funds are the problem. It's just a legal structure.\"\nYusko said SPACs are cheaper, more flexible and a smarter way to raise money than traditional IPOs.\nUnlike the other two SPAC ETFs that have recently launched, Yusko's fund is actively managed. That's critical, he said, because not all SPACs will be winners, especially given the loftiness of current market valuations.\n\"We are in an environment,\" Yusko said, \"where we believe caution is warranted.\"","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,"GME":0.9,"TSLA":0.9,"ZM":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1060,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":383899374,"gmtCreate":1612861918098,"gmtModify":1703765919335,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>[得意] [得意] ","listText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>[得意] [得意] ","text":"$Castor Maritime, Inc.(CTRM)$[得意] [得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/383899374","repostId":"1107808840","repostType":4,"isVote":1,"tweetType":1,"viewCount":1100,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":389473709,"gmtCreate":1612796638601,"gmtModify":1703765207007,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>都想下车了","listText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>都想下车了","text":"$Castor Maritime, Inc.(CTRM)$都想下车了","images":[{"img":"https://static.tigerbbs.com/973b70cb38a241055a869839413947e4","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/389473709","isVote":1,"tweetType":1,"viewCount":1797,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3517242319334973","authorId":"3517242319334973","name":"IceWarm","avatar":"https://static.tigerbbs.com/9f7690ac917adce7b645831431594e5a","crmLevel":5,"crmLevelSwitch":0,"idStr":"3517242319334973","authorIdStr":"3517242319334973"},"content":"不够手续费的","text":"不够手续费的","html":"不够手续费的"}],"imageCount":1,"langContent":"CN","totalScore":0},{"id":389502966,"gmtCreate":1612784242155,"gmtModify":1703764948470,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"[财迷] [财迷] [财迷] [财迷] ","listText":"[财迷] [财迷] [财迷] [财迷] ","text":"[财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/389502966","repostId":"1193450954","repostType":4,"isVote":1,"tweetType":1,"viewCount":1051,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":389506446,"gmtCreate":1612784211385,"gmtModify":1703764947778,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"hmmm","listText":"hmmm","text":"hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/389506446","repostId":"1195153829","repostType":4,"repost":{"id":"1195153829","kind":"news","pubTimestamp":1612781502,"share":"https://www.laohunote.com/m/news/1195153829?lang=zh_CN&edition=full","pubTime":"2021-02-08 18:51","market":"us","language":"en","title":"Here’s What the GameStop Affair Has Taught Us<blockquote>游戏驿站事件教会了我们什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1195153829","media":"Barrons","summary":"This commentary was issued recently by money managers, research firms, and market newsletter writers","content":"<p><i>This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s.</i></p><p><blockquote><i>本评论由基金经理、研究公司和市场通讯撰稿人最近发表,并由《巴伦周刊》编辑。</i></blockquote></p><p> What GameStop Taught Us</p><p><blockquote>游戏驿站教导我们的</blockquote></p><p> <i>The Weekly Speculator</i></p><p><blockquote><i>每周投机者</i></blockquote></p><p> <i>Marketfield Asset Management</i></p><p><blockquote><i>市场领域资产管理</i></blockquote></p><p> marketfield.com</p><p><blockquote>marketfield.com</blockquote></p><p> Feb. 4: After all is said and done, one of the most lasting effects of theGameStop(ticker: GME) episode will be to educate many market participants about the key role and ultimate power held by the clearing institution, the Depository Trust Company. One of the stranger aspects of the affair has been the attempt to paint it as some form of moral crusade, or an opportunity for the “little guy” to get even with Wall Street. The truth is that some large investors lost a great deal of money, while others were well rewarded, just as some small investors will have reaped life-changing sums while others will have lost funds that may prove to be equally impactful. In this sense, the market is a meritocracy, which isn’t quite the same as saying that it is always fair in delivering outcomes.</p><p><blockquote>2 月 4 日:说到做到,GameStop(股票代码:GME)事件最持久的影响之一将是让许多市场参与者了解清算机构存托信托公司所发挥的关键作用和最终权力。这起事件的一个奇怪之处在于,有人试图将其描绘成某种形式的道德讨伐,或者说是 “小家伙 ”报复华尔街的机会。事实是,一些大投资者损失了大量资金,而另一些投资者则获得了丰厚的回报,就像一些小投资者将收获改变生活的资金,而另一些投资者将损失可能被证明具有同样影响力的资金一样。从这个意义上说,市场是一个精英统治,这与说市场在交付成果时总是公平的并不完全相同。</blockquote></p><p> What is also clear is that late January saw a very significant degrossing of levered hedge-fund investors, without causing a deep correction in the equity market. The S&P 500 essentially respected support at the 50-day moving average, and didn’t need to move down to 3600, which we had set as a “worst case” target. The Nasdaq 100, Russell 2000, and MSCI Emerging Markets Index didn’t need to touch their corresponding trend support, and all three indexes managed to generate a positive return in January, unlike the S&P 500, which registered a small loss. The subsequent bounce has been rapid and broad, as would be expected from a catalyst that was both technical and ephemeral in nature.</p><p><blockquote>同样清楚的是,1月下旬杠杆对冲基金投资者大幅减少,但并未导致股市出现深度调整。标普500基本上尊重了 50 日移动平均线的支撑位,不需要下跌至 3600 点,而我们已将其设定为 “最坏情况 ”目标。纳斯达克 100 指数、罗素 2000 指数和摩根士丹利资本国际新兴市场指数无需触及相应的趋势支撑位,这三个指数在 1 月份都取得了正回报,而标普500则出现了小幅亏损。随后的反弹是快速而广泛的,正如对一个本质上既是技术性的又是短暂的催化剂的预期。</blockquote></p><p> That it is not a wholly positive or inconsequential affair. The long bull market is now showing signs of developing into a historic mania. This doesn’t mean that a market peak is imminent, but the normative process—whereby what is “appropriate” is ultimately influenced by extremes—means that the levels of risk being taken by the average investor are probably significantly higher than they were pre-Covid.</p><p><blockquote>这不是一件完全积极或无关紧要的事情。长期牛市现在显示出演变成历史性狂热的迹象。这并不意味着市场高峰即将到来,但规范过程--什么是 “适当的 ”最终会受到极端情况的影响--意味着普通投资者承担的风险水平可能会大大高于科维德之前。</blockquote></p><p> —Michael Shaoul, Timothy Brackett</p><p><blockquote>——迈克尔·绍尔、蒂莫西·布拉克特</blockquote></p><p> Heigh-Ho Silver!</p><p><blockquote>嗨,西尔弗!</blockquote></p><p> <i>The Aden Forecast Weekly Update</i></p><p><blockquote><i>亚丁预报每周更新</i></blockquote></p><p> <i>The Aden Forecast</i></p><p><blockquote><i>亚丁预报</i></blockquote></p><p> adenforecast.com</p><p><blockquote>adenforecast.com</blockquote></p><p> Feb. 4: Silver caught on fire by zipping up to the August highs near $30 on Monday during the Reddit buying frenzy. Silver was strong anyway, and it’s been holding up well, so whoever pegged silver knew what they were doing. Silver shares also got a big boost upward, and while they have since calmed down, it looks like volatility will stay with us. Silver has been holding above its 15-week moving average since December, and it’ll remain strong by staying above it at $25. The next milestone to surpass is the $30 level, the highs for this bull market. If clearly broken, another leg up will be underway. Keep your silver and silver share positions.</p><p><blockquote>2 月 4 日:周一,在 Reddit 购买狂潮中,白银飙升至 8 月份高点近 30 美元,引发火爆。无论如何,白银都很坚挺,而且一直表现良好,所以看好白银的人都知道自己在做什么。白银股也大幅上涨,虽然此后已经平静下来,但看起来波动性仍将伴随我们。自 12 月以来,白银一直保持在 15 周移动平均线上方,并将保持强势,保持在 25 美元上方。下一个要跨越的里程碑是 30 美元水平,这是本轮牛市的高点。如果明显断裂,另一条腿将在进行中。保持你的白银和白银份额头寸。</blockquote></p><p> —Mary Anne and Pamela Aden</p><p><blockquote>——玛丽·安妮和帕梅拉·亚丁</blockquote></p><p> How to Play Oil’s Recent Rally</p><p><blockquote>如何玩转近期油价反弹</blockquote></p><p> <i>Daily Insights</i></p><p><blockquote><i>每日见解</i></blockquote></p><p> <i>BCA Research</i></p><p><blockquote><i>BCA研究</i></blockquote></p><p> <i>bcaresearch.com</i></p><p><blockquote><i>bcaresearch.com</i></blockquote></p><p> Feb 4: The recent oil rally will have consequences for asset prices beyond the energy market. While higher oil prices benefit oil exporters, they hurt the economies of oil importers, often with a lag.</p><p><blockquote>2月4日:最近的油价上涨将对能源市场以外的资产价格产生影响。虽然油价上涨有利于石油出口国,但却损害了石油进口国的经济,而且往往具有滞后性。</blockquote></p><p> A great example of these dynamics is China. The Chinese economy is a large oil importer; hence, rising oil prices act as a tax on Chinese growth. Moreover, Chinese A shares massively overweight tech stocks, which receive no benefit from higher energy prices. In fact, over the past four years, increasing Brent prices reliably lead to a decline in on-shore domestic markets by roughly three months. The current setup is reminiscent of early 2018. Back then, Chinese A shares had been rallying for a few months after oil prices had started to rally. Ultimately, a deceleration in Chinese growth and cautious policy making from Beijing resulted in a powerful selloff of Chinese equities. Today, Chinese growth is once again decelerating and Beijing is conducting some significant regulatory tightening, while the People’s Bank of China is draining liquidity. Thus, a significant correction in Chinese shares is likely this spring.</p><p><blockquote>中国就是这些动态的一个很好的例子。中国经济是石油进口大国;因此,油价上涨是对中国经济增长的一种税收。此外,中国A股大量持有跑赢大盘科技股,而这些科技股并未从能源价格上涨中受益。事实上,在过去四年中,布伦特原油价格上涨可靠地导致在岸国内市场下跌约三个月。目前的设置让人想起2018年初。当时,在油价开始上涨后,中国A股已经上涨了几个月。最终,中国经济增长放缓和北京的谨慎政策导致中国股市大幅抛售。如今,中国经济增长再次放缓,中国政府正在大幅收紧监管,而中国人民银行正在耗尽流动性。因此,今年春天中国股市可能会出现大幅回调。</blockquote></p><p> A lower-octane strategy to play these dynamics is to go long United Kingdom equities relative to Germany’s while espousing the implicit currency exposure. German equities are extremely underweight energy, and Germany imports its entire oil consumption. Meanwhile, the U.K. benchmark is replete with energy stocks and the U.K. remains an oil producer, even if it imports some of its oil (rising Brent represents a comparatively smaller tax on the U.K. economy). As a side benefit, the pound is very cheap against the euro and the U.K.’s vaccination campaign is massively ahead of the eurozone’s, which could result in earlier economic dividends north of the Channel and hurt the euro/pound in the process.</p><p><blockquote>发挥这些动态的一个较低辛烷值策略是相对于德国股票做多英国股票,同时支持隐性货币敞口。德国股市是跑输大盘能源,德国的石油消费全部依赖进口。与此同时,英国基准充满了能源股,英国仍然是一个石油生产国,即使它进口了部分石油(布伦特原油上涨对英国经济的税收相对较小)。作为一个附带好处,英镑兑欧元非常便宜,而且英国的疫苗接种活动远远领先于欧元区,这可能会导致英吉利海峡以北地区提前获得经济红利,并在此过程中损害欧元/英镑。</blockquote></p><p></p><p> —Mathieu Savary and Team</p><p><blockquote>——Mathieu Savary 和团队</blockquote></p><p> High-Yield Opportunities</p><p><blockquote>高收益机会</blockquote></p><p> <i>Carret Credit Insight</i></p><p><blockquote><i>卡雷特信用洞察</i></blockquote></p><p> <i>Carret Asset Mangaement</i></p><p><blockquote><i>卡雷特资产管理公司</i></blockquote></p><p> carret.com</p><p><blockquote>卡雷特网</blockquote></p><p> Feb. 3: At year-end 2020, the iBoxx High-Yield Index yielded 4.23%, an all-time low. Spreads also registered record tightness. Low yields aren’t a surprise as investors globally reach for income. The Federal Reserve has backstopped the “fallen angels,” allowing many high-yield (HY) companies to refinance at ever-lower rates and extend upcoming maturities for another day. Strong equity markets are forecasting an earnings rebound, and the vaccines will bring brighter days soon. We continue to find attractive values in the short/intermediate portion of the high-quality HY market.</p><p><blockquote>2月3日:2020年底,iBoxx高收益指数收益率为4.23%,创历史新低。价差也创下历史新高。随着全球投资者纷纷寻求收入,低收益率并不令人意外。美联储为 “堕落天使 ”提供了支持,允许许多高收益(HY)公司以越来越低的利率进行再融资,并将即将到期的债券再延长一天。强劲的股市预测盈利反弹,疫苗将很快带来更光明的日子。我们继续在高质量HY市场的短期/中期部分发现有吸引力的价值。</blockquote></p><p> We want to share a recent academic study with you regarding the risk and returns in the HY bond market: George Mason Universityrecently publisheda report on HY bond-fund returns and volatility relative to equities (S&P 500). Since 1990, the average HY bond fund has delivered average annualized returns of 7.1% with a volatility of 7.7%. Over the same time period, the S&P 500 delivered an average annualized return of 7.8%, but with almost double the volatility of 14.5%. The conclusion: HY bonds have paid total returns near those of the U.S. stock market with half of the volatility. We believe the HY market will offer competitive returns in the decade ahead, as equity valuations have risen and Treasury yields have plummeted. Our ability to utilize busted convertibles, preferreds, and special-situation income investments enhances our cash-flow opportunities.</p><p><blockquote>我们想与您分享最近一项关于 HY 债券市场风险和回报的学术研究:乔治梅森大学最近发布了一份关于 HY 债券基金回报和相对于股票的波动性的报告(标普500)。自1990年以来,HY债券基金的平均年化回报率为7.1%,波动性为7.7%。同期,标普500的平均年化回报率为 7.8%,但波动性几乎是 14.5% 的两倍。结论:HY债券的总回报率接近美国股市,波动性只有美国股市的一半。我们相信,随着股票估值上升和国债收益率暴跌,HY 市场将在未来十年提供有竞争力的回报。我们利用破产的可转换债券、优先股和特殊情况收入投资的能力增强了我们的现金流机会。</blockquote></p><p> —Jason R. Graybill, Neil D. Klein</p><p><blockquote>——杰森·R·格雷比尔、尼尔·D·克莱因</blockquote></p><p> Emerging Markets Blast Off</p><p><blockquote>新兴市场蓬勃发展</blockquote></p><p> <i>PCM Report</i></p><p><blockquote><i>PCM报告</i></blockquote></p><p> <i>Peak Capital Management</i></p><p><blockquote><i>匹克资本管理</i></blockquote></p><p> pcmstrategies.com</p><p><blockquote>pcmstrategies.com</blockquote></p><p> Feb. 1: So far, 2021 has been a good year for emerging-market equities. Year to date, theiShares MSCI Emerging Marketsexchange-traded fund (EEM) is higher by roughly 8%, compared to a gain of approximately 3% for theSPDR S&P 500ETF (SPY). Ever since the financial crisis of 2008, emerging markets collectively have woefully lagged U.S. equities.</p><p><blockquote>2月1日:到目前为止,2021年对于新兴市场股市来说是好年头。今年迄今为止,MSCI 新兴市场交易所交易基金 (EEM) 的股价上涨了约 8%,而 PDR S&P 500ETF(SPDR标普500指数ETF)的股价上涨了约 3%。自2008年金融危机以来,新兴市场集体严重落后于美国股市。</blockquote></p><p> What could propel the asset class higher in 20201 and beyond? In the long term, the likely catalyst is demographics. Developed markets such as the U.S. and Europe have aging populations, which could suggest lower productivity and gross-domestic-product growth over the next decade compared to emerging-market economies.</p><p><blockquote>什么会推动资产类别在20201年及以后走高?从长远来看,可能的催化剂是人口统计数据。美国和欧洲等发达市场人口老龄化,这可能意味着与新兴市场经济体相比,未来十年的生产率和国内生产总值增长将较低。</blockquote></p><p> In its most recent capital-markets report, JPMorgan projected GDP growth across emerging markets to be 3.9% in 2021, compared to 1.6% across developed markets. The report suggests China and India will drive GDP growth, and emerging markets’ productivity and human capital will gradually converge to developed-market levels.</p><p><blockquote>摩根大通在其最新的资本市场报告中预计 2021 年新兴市场 GDP 增长率为 3.9%,而发达市场为 1.6%。报告认为,中国和印度将推动国内生产总值增长,新兴市场的生产率和人力资本将逐步向发达市场水平靠拢。</blockquote></p><p> —Clint Pekrul</p><p><blockquote>——克林特·佩克鲁尔</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here’s What the GameStop Affair Has Taught Us<blockquote>游戏驿站事件教会了我们什么</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere’s What the GameStop Affair Has Taught Us<blockquote>游戏驿站事件教会了我们什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-02-08 18:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p><i>This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s.</i></p><p><blockquote><i>本评论由基金经理、研究公司和市场通讯撰稿人最近发表,并由《巴伦周刊》编辑。</i></blockquote></p><p> What GameStop Taught Us</p><p><blockquote>游戏驿站教导我们的</blockquote></p><p> <i>The Weekly Speculator</i></p><p><blockquote><i>每周投机者</i></blockquote></p><p> <i>Marketfield Asset Management</i></p><p><blockquote><i>市场领域资产管理</i></blockquote></p><p> marketfield.com</p><p><blockquote>marketfield.com</blockquote></p><p> Feb. 4: After all is said and done, one of the most lasting effects of theGameStop(ticker: GME) episode will be to educate many market participants about the key role and ultimate power held by the clearing institution, the Depository Trust Company. One of the stranger aspects of the affair has been the attempt to paint it as some form of moral crusade, or an opportunity for the “little guy” to get even with Wall Street. The truth is that some large investors lost a great deal of money, while others were well rewarded, just as some small investors will have reaped life-changing sums while others will have lost funds that may prove to be equally impactful. In this sense, the market is a meritocracy, which isn’t quite the same as saying that it is always fair in delivering outcomes.</p><p><blockquote>2 月 4 日:说到做到,GameStop(股票代码:GME)事件最持久的影响之一将是让许多市场参与者了解清算机构存托信托公司所发挥的关键作用和最终权力。这起事件的一个奇怪之处在于,有人试图将其描绘成某种形式的道德讨伐,或者说是 “小家伙 ”报复华尔街的机会。事实是,一些大投资者损失了大量资金,而另一些投资者则获得了丰厚的回报,就像一些小投资者将收获改变生活的资金,而另一些投资者将损失可能被证明具有同样影响力的资金一样。从这个意义上说,市场是一个精英统治,这与说市场在交付成果时总是公平的并不完全相同。</blockquote></p><p> What is also clear is that late January saw a very significant degrossing of levered hedge-fund investors, without causing a deep correction in the equity market. The S&P 500 essentially respected support at the 50-day moving average, and didn’t need to move down to 3600, which we had set as a “worst case” target. The Nasdaq 100, Russell 2000, and MSCI Emerging Markets Index didn’t need to touch their corresponding trend support, and all three indexes managed to generate a positive return in January, unlike the S&P 500, which registered a small loss. The subsequent bounce has been rapid and broad, as would be expected from a catalyst that was both technical and ephemeral in nature.</p><p><blockquote>同样清楚的是,1月下旬杠杆对冲基金投资者大幅减少,但并未导致股市出现深度调整。标普500基本上尊重了 50 日移动平均线的支撑位,不需要下跌至 3600 点,而我们已将其设定为 “最坏情况 ”目标。纳斯达克 100 指数、罗素 2000 指数和摩根士丹利资本国际新兴市场指数无需触及相应的趋势支撑位,这三个指数在 1 月份都取得了正回报,而标普500则出现了小幅亏损。随后的反弹是快速而广泛的,正如对一个本质上既是技术性的又是短暂的催化剂的预期。</blockquote></p><p> That it is not a wholly positive or inconsequential affair. The long bull market is now showing signs of developing into a historic mania. This doesn’t mean that a market peak is imminent, but the normative process—whereby what is “appropriate” is ultimately influenced by extremes—means that the levels of risk being taken by the average investor are probably significantly higher than they were pre-Covid.</p><p><blockquote>这不是一件完全积极或无关紧要的事情。长期牛市现在显示出演变成历史性狂热的迹象。这并不意味着市场高峰即将到来,但规范过程--什么是 “适当的 ”最终会受到极端情况的影响--意味着普通投资者承担的风险水平可能会大大高于科维德之前。</blockquote></p><p> —Michael Shaoul, Timothy Brackett</p><p><blockquote>——迈克尔·绍尔、蒂莫西·布拉克特</blockquote></p><p> Heigh-Ho Silver!</p><p><blockquote>嗨,西尔弗!</blockquote></p><p> <i>The Aden Forecast Weekly Update</i></p><p><blockquote><i>亚丁预报每周更新</i></blockquote></p><p> <i>The Aden Forecast</i></p><p><blockquote><i>亚丁预报</i></blockquote></p><p> adenforecast.com</p><p><blockquote>adenforecast.com</blockquote></p><p> Feb. 4: Silver caught on fire by zipping up to the August highs near $30 on Monday during the Reddit buying frenzy. Silver was strong anyway, and it’s been holding up well, so whoever pegged silver knew what they were doing. Silver shares also got a big boost upward, and while they have since calmed down, it looks like volatility will stay with us. Silver has been holding above its 15-week moving average since December, and it’ll remain strong by staying above it at $25. The next milestone to surpass is the $30 level, the highs for this bull market. If clearly broken, another leg up will be underway. Keep your silver and silver share positions.</p><p><blockquote>2 月 4 日:周一,在 Reddit 购买狂潮中,白银飙升至 8 月份高点近 30 美元,引发火爆。无论如何,白银都很坚挺,而且一直表现良好,所以看好白银的人都知道自己在做什么。白银股也大幅上涨,虽然此后已经平静下来,但看起来波动性仍将伴随我们。自 12 月以来,白银一直保持在 15 周移动平均线上方,并将保持强势,保持在 25 美元上方。下一个要跨越的里程碑是 30 美元水平,这是本轮牛市的高点。如果明显断裂,另一条腿将在进行中。保持你的白银和白银份额头寸。</blockquote></p><p> —Mary Anne and Pamela Aden</p><p><blockquote>——玛丽·安妮和帕梅拉·亚丁</blockquote></p><p> How to Play Oil’s Recent Rally</p><p><blockquote>如何玩转近期油价反弹</blockquote></p><p> <i>Daily Insights</i></p><p><blockquote><i>每日见解</i></blockquote></p><p> <i>BCA Research</i></p><p><blockquote><i>BCA研究</i></blockquote></p><p> <i>bcaresearch.com</i></p><p><blockquote><i>bcaresearch.com</i></blockquote></p><p> Feb 4: The recent oil rally will have consequences for asset prices beyond the energy market. While higher oil prices benefit oil exporters, they hurt the economies of oil importers, often with a lag.</p><p><blockquote>2月4日:最近的油价上涨将对能源市场以外的资产价格产生影响。虽然油价上涨有利于石油出口国,但却损害了石油进口国的经济,而且往往具有滞后性。</blockquote></p><p> A great example of these dynamics is China. The Chinese economy is a large oil importer; hence, rising oil prices act as a tax on Chinese growth. Moreover, Chinese A shares massively overweight tech stocks, which receive no benefit from higher energy prices. In fact, over the past four years, increasing Brent prices reliably lead to a decline in on-shore domestic markets by roughly three months. The current setup is reminiscent of early 2018. Back then, Chinese A shares had been rallying for a few months after oil prices had started to rally. Ultimately, a deceleration in Chinese growth and cautious policy making from Beijing resulted in a powerful selloff of Chinese equities. Today, Chinese growth is once again decelerating and Beijing is conducting some significant regulatory tightening, while the People’s Bank of China is draining liquidity. Thus, a significant correction in Chinese shares is likely this spring.</p><p><blockquote>中国就是这些动态的一个很好的例子。中国经济是石油进口大国;因此,油价上涨是对中国经济增长的一种税收。此外,中国A股大量持有跑赢大盘科技股,而这些科技股并未从能源价格上涨中受益。事实上,在过去四年中,布伦特原油价格上涨可靠地导致在岸国内市场下跌约三个月。目前的设置让人想起2018年初。当时,在油价开始上涨后,中国A股已经上涨了几个月。最终,中国经济增长放缓和北京的谨慎政策导致中国股市大幅抛售。如今,中国经济增长再次放缓,中国政府正在大幅收紧监管,而中国人民银行正在耗尽流动性。因此,今年春天中国股市可能会出现大幅回调。</blockquote></p><p> A lower-octane strategy to play these dynamics is to go long United Kingdom equities relative to Germany’s while espousing the implicit currency exposure. German equities are extremely underweight energy, and Germany imports its entire oil consumption. Meanwhile, the U.K. benchmark is replete with energy stocks and the U.K. remains an oil producer, even if it imports some of its oil (rising Brent represents a comparatively smaller tax on the U.K. economy). As a side benefit, the pound is very cheap against the euro and the U.K.’s vaccination campaign is massively ahead of the eurozone’s, which could result in earlier economic dividends north of the Channel and hurt the euro/pound in the process.</p><p><blockquote>发挥这些动态的一个较低辛烷值策略是相对于德国股票做多英国股票,同时支持隐性货币敞口。德国股市是跑输大盘能源,德国的石油消费全部依赖进口。与此同时,英国基准充满了能源股,英国仍然是一个石油生产国,即使它进口了部分石油(布伦特原油上涨对英国经济的税收相对较小)。作为一个附带好处,英镑兑欧元非常便宜,而且英国的疫苗接种活动远远领先于欧元区,这可能会导致英吉利海峡以北地区提前获得经济红利,并在此过程中损害欧元/英镑。</blockquote></p><p></p><p> —Mathieu Savary and Team</p><p><blockquote>——Mathieu Savary 和团队</blockquote></p><p> High-Yield Opportunities</p><p><blockquote>高收益机会</blockquote></p><p> <i>Carret Credit Insight</i></p><p><blockquote><i>卡雷特信用洞察</i></blockquote></p><p> <i>Carret Asset Mangaement</i></p><p><blockquote><i>卡雷特资产管理公司</i></blockquote></p><p> carret.com</p><p><blockquote>卡雷特网</blockquote></p><p> Feb. 3: At year-end 2020, the iBoxx High-Yield Index yielded 4.23%, an all-time low. Spreads also registered record tightness. Low yields aren’t a surprise as investors globally reach for income. The Federal Reserve has backstopped the “fallen angels,” allowing many high-yield (HY) companies to refinance at ever-lower rates and extend upcoming maturities for another day. Strong equity markets are forecasting an earnings rebound, and the vaccines will bring brighter days soon. We continue to find attractive values in the short/intermediate portion of the high-quality HY market.</p><p><blockquote>2月3日:2020年底,iBoxx高收益指数收益率为4.23%,创历史新低。价差也创下历史新高。随着全球投资者纷纷寻求收入,低收益率并不令人意外。美联储为 “堕落天使 ”提供了支持,允许许多高收益(HY)公司以越来越低的利率进行再融资,并将即将到期的债券再延长一天。强劲的股市预测盈利反弹,疫苗将很快带来更光明的日子。我们继续在高质量HY市场的短期/中期部分发现有吸引力的价值。</blockquote></p><p> We want to share a recent academic study with you regarding the risk and returns in the HY bond market: George Mason Universityrecently publisheda report on HY bond-fund returns and volatility relative to equities (S&P 500). Since 1990, the average HY bond fund has delivered average annualized returns of 7.1% with a volatility of 7.7%. Over the same time period, the S&P 500 delivered an average annualized return of 7.8%, but with almost double the volatility of 14.5%. The conclusion: HY bonds have paid total returns near those of the U.S. stock market with half of the volatility. We believe the HY market will offer competitive returns in the decade ahead, as equity valuations have risen and Treasury yields have plummeted. Our ability to utilize busted convertibles, preferreds, and special-situation income investments enhances our cash-flow opportunities.</p><p><blockquote>我们想与您分享最近一项关于 HY 债券市场风险和回报的学术研究:乔治梅森大学最近发布了一份关于 HY 债券基金回报和相对于股票的波动性的报告(标普500)。自1990年以来,HY债券基金的平均年化回报率为7.1%,波动性为7.7%。同期,标普500的平均年化回报率为 7.8%,但波动性几乎是 14.5% 的两倍。结论:HY债券的总回报率接近美国股市,波动性只有美国股市的一半。我们相信,随着股票估值上升和国债收益率暴跌,HY 市场将在未来十年提供有竞争力的回报。我们利用破产的可转换债券、优先股和特殊情况收入投资的能力增强了我们的现金流机会。</blockquote></p><p> —Jason R. Graybill, Neil D. Klein</p><p><blockquote>——杰森·R·格雷比尔、尼尔·D·克莱因</blockquote></p><p> Emerging Markets Blast Off</p><p><blockquote>新兴市场蓬勃发展</blockquote></p><p> <i>PCM Report</i></p><p><blockquote><i>PCM报告</i></blockquote></p><p> <i>Peak Capital Management</i></p><p><blockquote><i>匹克资本管理</i></blockquote></p><p> pcmstrategies.com</p><p><blockquote>pcmstrategies.com</blockquote></p><p> Feb. 1: So far, 2021 has been a good year for emerging-market equities. Year to date, theiShares MSCI Emerging Marketsexchange-traded fund (EEM) is higher by roughly 8%, compared to a gain of approximately 3% for theSPDR S&P 500ETF (SPY). Ever since the financial crisis of 2008, emerging markets collectively have woefully lagged U.S. equities.</p><p><blockquote>2月1日:到目前为止,2021年对于新兴市场股市来说是好年头。今年迄今为止,MSCI 新兴市场交易所交易基金 (EEM) 的股价上涨了约 8%,而 PDR S&P 500ETF(SPDR标普500指数ETF)的股价上涨了约 3%。自2008年金融危机以来,新兴市场集体严重落后于美国股市。</blockquote></p><p> What could propel the asset class higher in 20201 and beyond? In the long term, the likely catalyst is demographics. Developed markets such as the U.S. and Europe have aging populations, which could suggest lower productivity and gross-domestic-product growth over the next decade compared to emerging-market economies.</p><p><blockquote>什么会推动资产类别在20201年及以后走高?从长远来看,可能的催化剂是人口统计数据。美国和欧洲等发达市场人口老龄化,这可能意味着与新兴市场经济体相比,未来十年的生产率和国内生产总值增长将较低。</blockquote></p><p> In its most recent capital-markets report, JPMorgan projected GDP growth across emerging markets to be 3.9% in 2021, compared to 1.6% across developed markets. The report suggests China and India will drive GDP growth, and emerging markets’ productivity and human capital will gradually converge to developed-market levels.</p><p><blockquote>摩根大通在其最新的资本市场报告中预计 2021 年新兴市场 GDP 增长率为 3.9%,而发达市场为 1.6%。报告认为,中国和印度将推动国内生产总值增长,新兴市场的生产率和人力资本将逐步向发达市场水平靠拢。</blockquote></p><p> —Clint Pekrul</p><p><blockquote>——克林特·佩克鲁尔</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.barrons.com/articles/gamestop-episode-offers-lessons-for-investors-51612572300?mod=RTA\">Barrons</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站",".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/gamestop-episode-offers-lessons-for-investors-51612572300?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195153829","content_text":"This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s.\nWhat GameStop Taught Us\nThe Weekly Speculator\nMarketfield Asset Management\nmarketfield.com\nFeb. 4: After all is said and done, one of the most lasting effects of theGameStop(ticker: GME) episode will be to educate many market participants about the key role and ultimate power held by the clearing institution, the Depository Trust Company. One of the stranger aspects of the affair has been the attempt to paint it as some form of moral crusade, or an opportunity for the “little guy” to get even with Wall Street. The truth is that some large investors lost a great deal of money, while others were well rewarded, just as some small investors will have reaped life-changing sums while others will have lost funds that may prove to be equally impactful. In this sense, the market is a meritocracy, which isn’t quite the same as saying that it is always fair in delivering outcomes.\nWhat is also clear is that late January saw a very significant degrossing of levered hedge-fund investors, without causing a deep correction in the equity market. The S&P 500 essentially respected support at the 50-day moving average, and didn’t need to move down to 3600, which we had set as a “worst case” target. The Nasdaq 100, Russell 2000, and MSCI Emerging Markets Index didn’t need to touch their corresponding trend support, and all three indexes managed to generate a positive return in January, unlike the S&P 500, which registered a small loss. The subsequent bounce has been rapid and broad, as would be expected from a catalyst that was both technical and ephemeral in nature.\nThat it is not a wholly positive or inconsequential affair. The long bull market is now showing signs of developing into a historic mania. This doesn’t mean that a market peak is imminent, but the normative process—whereby what is “appropriate” is ultimately influenced by extremes—means that the levels of risk being taken by the average investor are probably significantly higher than they were pre-Covid.\n—Michael Shaoul, Timothy Brackett\nHeigh-Ho Silver!\nThe Aden Forecast Weekly Update\nThe Aden Forecast\nadenforecast.com\nFeb. 4: Silver caught on fire by zipping up to the August highs near $30 on Monday during the Reddit buying frenzy. Silver was strong anyway, and it’s been holding up well, so whoever pegged silver knew what they were doing. Silver shares also got a big boost upward, and while they have since calmed down, it looks like volatility will stay with us. Silver has been holding above its 15-week moving average since December, and it’ll remain strong by staying above it at $25. The next milestone to surpass is the $30 level, the highs for this bull market. If clearly broken, another leg up will be underway. Keep your silver and silver share positions.\n—Mary Anne and Pamela Aden\nHow to Play Oil’s Recent Rally\nDaily Insights\nBCA Research\nbcaresearch.com\nFeb 4: The recent oil rally will have consequences for asset prices beyond the energy market. While higher oil prices benefit oil exporters, they hurt the economies of oil importers, often with a lag.\nA great example of these dynamics is China. The Chinese economy is a large oil importer; hence, rising oil prices act as a tax on Chinese growth. Moreover, Chinese A shares massively overweight tech stocks, which receive no benefit from higher energy prices. In fact, over the past four years, increasing Brent prices reliably lead to a decline in on-shore domestic markets by roughly three months. The current setup is reminiscent of early 2018. Back then, Chinese A shares had been rallying for a few months after oil prices had started to rally. Ultimately, a deceleration in Chinese growth and cautious policy making from Beijing resulted in a powerful selloff of Chinese equities. Today, Chinese growth is once again decelerating and Beijing is conducting some significant regulatory tightening, while the People’s Bank of China is draining liquidity. Thus, a significant correction in Chinese shares is likely this spring.\nA lower-octane strategy to play these dynamics is to go long United Kingdom equities relative to Germany’s while espousing the implicit currency exposure. German equities are extremely underweight energy, and Germany imports its entire oil consumption. Meanwhile, the U.K. benchmark is replete with energy stocks and the U.K. remains an oil producer, even if it imports some of its oil (rising Brent represents a comparatively smaller tax on the U.K. economy). As a side benefit, the pound is very cheap against the euro and the U.K.’s vaccination campaign is massively ahead of the eurozone’s, which could result in earlier economic dividends north of the Channel and hurt the euro/pound in the process.\n—Mathieu Savary and Team\nHigh-Yield Opportunities\nCarret Credit Insight\nCarret Asset Mangaement\ncarret.com\nFeb. 3: At year-end 2020, the iBoxx High-Yield Index yielded 4.23%, an all-time low. Spreads also registered record tightness. Low yields aren’t a surprise as investors globally reach for income. The Federal Reserve has backstopped the “fallen angels,” allowing many high-yield (HY) companies to refinance at ever-lower rates and extend upcoming maturities for another day. Strong equity markets are forecasting an earnings rebound, and the vaccines will bring brighter days soon. We continue to find attractive values in the short/intermediate portion of the high-quality HY market.\nWe want to share a recent academic study with you regarding the risk and returns in the HY bond market: George Mason Universityrecently publisheda report on HY bond-fund returns and volatility relative to equities (S&P 500). Since 1990, the average HY bond fund has delivered average annualized returns of 7.1% with a volatility of 7.7%. Over the same time period, the S&P 500 delivered an average annualized return of 7.8%, but with almost double the volatility of 14.5%. The conclusion: HY bonds have paid total returns near those of the U.S. stock market with half of the volatility. We believe the HY market will offer competitive returns in the decade ahead, as equity valuations have risen and Treasury yields have plummeted. Our ability to utilize busted convertibles, preferreds, and special-situation income investments enhances our cash-flow opportunities.\n—Jason R. Graybill, Neil D. Klein\nEmerging Markets Blast Off\nPCM Report\nPeak Capital Management\npcmstrategies.com\nFeb. 1: So far, 2021 has been a good year for emerging-market equities. Year to date, theiShares MSCI Emerging Marketsexchange-traded fund (EEM) is higher by roughly 8%, compared to a gain of approximately 3% for theSPDR S&P 500ETF (SPY). Ever since the financial crisis of 2008, emerging markets collectively have woefully lagged U.S. equities.\nWhat could propel the asset class higher in 20201 and beyond? In the long term, the likely catalyst is demographics. Developed markets such as the U.S. and Europe have aging populations, which could suggest lower productivity and gross-domestic-product growth over the next decade compared to emerging-market economies.\nIn its most recent capital-markets report, JPMorgan projected GDP growth across emerging markets to be 3.9% in 2021, compared to 1.6% across developed markets. The report suggests China and India will drive GDP growth, and emerging markets’ productivity and human capital will gradually converge to developed-market levels.\n—Clint Pekrul","news_type":1,"symbols_score_info":{"GME":0.9,".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389508727,"gmtCreate":1612784157569,"gmtModify":1703764946397,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"沉默三年了 是时候了吧","listText":"沉默三年了 是时候了吧","text":"沉默三年了 是时候了吧","images":[{"img":"https://static.tigerbbs.com/ab9495861b9e15637c1f677cdbb935d1","width":"1125","height":"3456"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/389508727","isVote":1,"tweetType":1,"viewCount":865,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":317547451,"gmtCreate":1612458989773,"gmtModify":1703762305121,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/317547451","repostId":"317549621","repostType":1,"repost":{"id":317549621,"gmtCreate":1612458036963,"gmtModify":1703762295511,"author":{"id":"3571429530437259","authorId":"3571429530437259","name":"和卡夫卡聊天","avatar":"https://static.tigerbbs.com/c1409249fe41961c28030ee0df33b4f1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571429530437259","authorIdStr":"3571429530437259"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>阶递式拉升,是指庄家将股价拉升一定幅度后,采取平台或强势整理的方式调整,暂时停止拉升动作。这样,将使那些没有耐心的持股者出局,达到清洗掉一部分意志不坚定持股者的目的。等到股价横盘一段时间后再度进行拉升操作,股价拉升到一定位置后再次整理,如此反复,直至将股价拉升至最终目标价。从K线走势图上看,股价呈现出阶梯式的步步高升,因此称为阶梯式拉升。阶梯式拉升适用于庄家实力较强、操作标的股票基本面好、后市存在重大题材的股票。在拉升之前,由于股价在低位徘徊时间较久,无形中给大部分散户造成了一种心理定势,即股价不应该涨得太高。因此,当股价从低位启动上升到一个新高度时,一般散户会有落袋为安的想法,当股价拉升到一定位置时会出现一部分抛压。如果庄家采用阶梯式拉升,就可以通过阶梯横盘形成新的价值定位,从而获得散户对新价位的认可和赞同。通过阶梯式拉升的方式拉升股价,多次操作后,将逐步使散户适应这种模式,散户会认为股价经过一段时间横盘后又会上涨,这样可保证庄家横盘出货时不引起散户的恐慌。","listText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>阶递式拉升,是指庄家将股价拉升一定幅度后,采取平台或强势整理的方式调整,暂时停止拉升动作。这样,将使那些没有耐心的持股者出局,达到清洗掉一部分意志不坚定持股者的目的。等到股价横盘一段时间后再度进行拉升操作,股价拉升到一定位置后再次整理,如此反复,直至将股价拉升至最终目标价。从K线走势图上看,股价呈现出阶梯式的步步高升,因此称为阶梯式拉升。阶梯式拉升适用于庄家实力较强、操作标的股票基本面好、后市存在重大题材的股票。在拉升之前,由于股价在低位徘徊时间较久,无形中给大部分散户造成了一种心理定势,即股价不应该涨得太高。因此,当股价从低位启动上升到一个新高度时,一般散户会有落袋为安的想法,当股价拉升到一定位置时会出现一部分抛压。如果庄家采用阶梯式拉升,就可以通过阶梯横盘形成新的价值定位,从而获得散户对新价位的认可和赞同。通过阶梯式拉升的方式拉升股价,多次操作后,将逐步使散户适应这种模式,散户会认为股价经过一段时间横盘后又会上涨,这样可保证庄家横盘出货时不引起散户的恐慌。","text":"$Sundial Growers Inc.(SNDL)$阶递式拉升,是指庄家将股价拉升一定幅度后,采取平台或强势整理的方式调整,暂时停止拉升动作。这样,将使那些没有耐心的持股者出局,达到清洗掉一部分意志不坚定持股者的目的。等到股价横盘一段时间后再度进行拉升操作,股价拉升到一定位置后再次整理,如此反复,直至将股价拉升至最终目标价。从K线走势图上看,股价呈现出阶梯式的步步高升,因此称为阶梯式拉升。阶梯式拉升适用于庄家实力较强、操作标的股票基本面好、后市存在重大题材的股票。在拉升之前,由于股价在低位徘徊时间较久,无形中给大部分散户造成了一种心理定势,即股价不应该涨得太高。因此,当股价从低位启动上升到一个新高度时,一般散户会有落袋为安的想法,当股价拉升到一定位置时会出现一部分抛压。如果庄家采用阶梯式拉升,就可以通过阶梯横盘形成新的价值定位,从而获得散户对新价位的认可和赞同。通过阶梯式拉升的方式拉升股价,多次操作后,将逐步使散户适应这种模式,散户会认为股价经过一段时间横盘后又会上涨,这样可保证庄家横盘出货时不引起散户的恐慌。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/317549621","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":588,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317588431,"gmtCreate":1612455338623,"gmtModify":1703762245576,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/317588431","repostId":"317822860","repostType":1,"isVote":1,"tweetType":1,"viewCount":633,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":389473709,"gmtCreate":1612796638601,"gmtModify":1703765207007,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>都想下车了","listText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>都想下车了","text":"$Castor Maritime, Inc.(CTRM)$都想下车了","images":[{"img":"https://static.tigerbbs.com/973b70cb38a241055a869839413947e4","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/389473709","isVote":1,"tweetType":1,"viewCount":1797,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3517242319334973","authorId":"3517242319334973","name":"IceWarm","avatar":"https://static.tigerbbs.com/9f7690ac917adce7b645831431594e5a","crmLevel":5,"crmLevelSwitch":0,"idStr":"3517242319334973","authorIdStr":"3517242319334973"},"content":"不够手续费的","text":"不够手续费的","html":"不够手续费的"}],"imageCount":1,"langContent":"CN","totalScore":0},{"id":364687045,"gmtCreate":1614848279787,"gmtModify":1703481886196,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>will be up?","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>will be up?","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$will be up?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/364687045","repostId":"2116257515","repostType":4,"isVote":1,"tweetType":1,"viewCount":1971,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365470146,"gmtCreate":1614775677985,"gmtModify":1703480946423,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"Excellent<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>","listText":"Excellent<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>","text":"Excellent$Castor Maritime, Inc.(CTRM)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/365470146","repostId":"2116549743","repostType":4,"isVote":1,"tweetType":1,"viewCount":2923,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387965763,"gmtCreate":1613710973852,"gmtModify":1631890613306,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"What about <a href=\"https://laohu8.com/S/GTE\">$Gran Tierra(GTE)$</a>","listText":"What about <a href=\"https://laohu8.com/S/GTE\">$Gran Tierra(GTE)$</a>","text":"What about $Gran Tierra(GTE)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/387965763","repostId":"2112813609","repostType":4,"isVote":1,"tweetType":1,"viewCount":2310,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":318011098,"gmtCreate":1611836079014,"gmtModify":1703754543958,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>来了来了 见证历史的一刻[龇牙] [龇牙] ","listText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>来了来了 见证历史的一刻[龇牙] [龇牙] ","text":"$Castor Maritime, Inc.(CTRM)$来了来了 见证历史的一刻[龇牙] [龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/318011098","isVote":1,"tweetType":1,"viewCount":1527,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":384833294,"gmtCreate":1613636636218,"gmtModify":1634552851654,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"Never consider bout <a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>[开心] [开心] [开心] ","listText":"Never consider bout <a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>[开心] [开心] [开心] ","text":"Never consider bout $Castor Maritime, Inc.(CTRM)$[开心] [开心] [开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384833294","repostId":"1124565484","repostType":4,"repost":{"id":"1124565484","kind":"news","pubTimestamp":1613631190,"share":"https://www.laohunote.com/m/news/1124565484?lang=zh_CN&edition=full","pubTime":"2021-02-18 14:53","market":"us","language":"en","title":"22 additional dividend stocks that Warren Buffett might consider buying<blockquote>沃伦·巴菲特可能会考虑购买的 22 只额外股息股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1124565484","media":"MarketWatch","summary":"His Berkshire Hathaway conglomerate recently started buying shares of Verizon and Chevron — both hav","content":"<p><b>His Berkshire Hathaway conglomerate recently started buying shares of Verizon and Chevron — both have attractive dividend yields well-supported by expected cash flow.</b>A vote of confidence by Warren Buffett in a particular stock doesn’t mean you should jump on the bandwagon, but the Berkshire Hathaway CEO’s long-term track record speaks for itself. The man knows how to spot a bargain.</p><p><blockquote><b>他的伯克希尔哈撒韦公司最近开始购买威瑞森和雪佛龙的股票——这两家公司的股息收益率都很有吸引力,并得到了预期现金流的有力支持。</b>沃伦-巴菲特(Warren Buffett)对某只股票投下信任票并不意味着你应该跟风,但这位伯克希尔-哈撒韦公司(Berkshire Hathaway)首席执行官的长期业绩不言自明。这个人知道如何发现便宜货。</blockquote></p><p>Below is a screen of stocks inspired by Buffett’s two new picks that feature attractive dividend yields that are expected to be well-covered by free cash flow.</p><p><blockquote>下面是受巴菲特两只新精选股票启发的股票,它们的股息收益率极具吸引力,预计自由现金流将很好地覆盖这些股票。</blockquote></p><p>Word of Buffett’s new investment positions can send shares higher as other investors’ ears perk up. This happened after Berkshire Hathaway Inc.BRKdisclosed late Feb. 16 that it had purchased shares of Verizon Communications Inc.VZ.and Chevron Corp.CVX— two stocks with attractive dividend yields, one of which is cheaply priced when compared to the weighted valuation of the S&P 500 IndexSPX.</p><p><blockquote>巴菲特新投资头寸的消息会让其他投资者竖起耳朵,从而推动股价走高。此前,伯克希尔哈撒韦公司 (Berkshire Hathaway Inc.BRK) 于 2 月 16 日晚些时候披露,它已购买了 Verizon Communications Inc.VZ 和 Chevron Corp.CVX 的股票——这两只股票的股息收益率极具吸引力,其中一只股票的价格与标普500指数 SPX 的加权估值相比较低。</blockquote></p><p>Shares of Verizon were up 3% in early trading Feb. 17, while Chevron was up 3.5%. With dividends reinvested, Verizon had declined 7% for 2021 through Feb. 16, following a flat performance in 2020. Chevron was up 1.5% early Feb. 17 and had already risen 12% for 2021 following a 26% decline in 2020. Oil is on the upswing as investors look ahead to life after the pandemic. West Texas Intermediate crude oilCRUDE OILhad risen 68% from the close on Oct. 31 through Feb. 16, when it settled at $60.05 a barrel.</p><p><blockquote>2 月 17 日早盘交易中,Verizon 股价上涨 3%,雪佛龙股价上涨 3.5%。随着股息再投资,截至 2 月 16 日,Verizon 在 2020 年表现平平后,2021 年股价下跌了 7%。雪佛龙 2 月 17 日早些时候上涨 1.5%,继 2020 年下跌 26% 后,2021 年已上涨 12%。随着投资者展望大流行后的生活,油价正在上涨。西德克萨斯中质原油从 10 月 31 日收盘到 2 月 16 日收盘上涨 68%,收于每桶 60.05 美元。</blockquote></p><p>All of the following is based on closing prices Feb. 16 and consensus estimates among analysts polled by FactSet for the next 12 months.</p><p><blockquote>以下所有数据均基于 2 月 16 日的收盘价以及 FactSet 调查的分析师对未来 12 个月的一致预期。</blockquote></p><p>Verizon’s stock trades at a forward price-to-earnings ratio of 10.7, compared to a weighted aggregate forward P/E of 22.5 for the S&P 500. The shares have a dividend yield of 4.64%.</p><p><blockquote>Verizon 股票的远期市盈率为 10.7,而标普500的加权总远期市盈率为 22.5。该股股息率为4.64%。</blockquote></p><p>One way to gauge a company’s ability to cover its dividend (and hopefully raise it) is to look at its free cash flow, which is its remaining cash flow after planned capital expenditures. This is money that can be used for any corporate purpose, including expansion, share repurchases or dividend increases. We can measure a company’s free cash flow yield by dividing trailing or estimated free cash flow by the current share price. Because of the disruptions to the U.S. economy in 2020, all the free cash flow yields that follow make use of consensus estimates for the next 12 reported months.</p><p><blockquote>衡量一家公司支付股息(并希望提高股息)能力的一种方法是查看其自由现金流,即扣除计划资本支出后的剩余现金流。这笔钱可用于任何公司目的,包括扩张、股票回购或增加股息。我们可以通过将追踪或估计的自由现金流除以当前股价来衡量公司的自由现金流收益率。由于 2020 年美国经济受到干扰,随后的所有自由现金流收益率均采用了未来 12 个月报告的共识估计。</blockquote></p><p>Verizion’s forward free cash flow yield is 8.97%, showing “headroom” of 4.34% over the current dividend.</p><p><blockquote>Verizion 的远期自由现金流收益率为 8.97%,比当前股息有 4.34% 的 “余量 ”。</blockquote></p><p>Chevron’s stock trades at a forward P/E ratio of 24.8, which is higher than that of the S&P 500. Then again, 2021 is expected to be a recovery year for oil and natural gas, and analysts’ earnings estimates may not have caught up with rising fuel commodity prices. Chevron’s dividend yield is 5.54% and its forward free cash flow yield is 7.99%, leaving “headroom” of 2.45%.</p><p><blockquote>雪佛龙股票的远期市盈率为 24.8,高于标普500。话又说回来,2021 年预计将是石油和天然气的复苏之年,分析师的盈利预期可能赶不上燃料大宗商品价格的上涨。雪佛龙的股息收益率为 5.54%,远期自由现金流收益率为 7.99%,剩余 2.45% 的 “净空 ”。</blockquote></p><p>None of this is to say that Buffett is overly fixated on stocks with high dividend yields. He isn’t. Among the publicly traded holdings the company disclosed Feb. 16, there are plenty of companies that pay no dividends, including Amazon.com Inc.AMZN,Biogen Inc.BIIB,Charter Communications Inc.CHTRand General Motors Co.GM,which suspended its quarterly dividend in April.</p><p><blockquote>这并不是说巴菲特过度专注于高股息收益率的股票。他不是。在该公司 2 月 16 日披露的公开交易持股中,有许多公司不支付股息,包括亚马逊公司 (AMZN)、百健公司 (Biogen Inc.BIIB)、特许通信公司 (Charter Communications Inc.CHTRC) 和通用汽车公司 (General Motors Co.GM),后者暂停了四月份的季度股息。</blockquote></p><p><b>A Buffett dividend stock screen</b></p><p><blockquote><b>巴菲特股息股票筛选</b></blockquote></p><p>Working from Buffett’s selections of Verizon and Chevron and excluding stocks Berkshire Hathaway doesn’t already hold, here are the 22 stocks among the S&P 500 with dividend yields of at least 4.00%, for which free cash flow estimates for calendar 2021 are available, with headroom indicated. The list is sorted by dividend yield.</p><p><blockquote>根据巴菲特选择的 Verizon 和雪佛龙,并排除伯克希尔-哈撒韦公司尚未持有的股票,以下是标普500中股息收益率至少为 4.00% 的 22 只股票,这些股票可获得 2021 年日历的自由现金流估算,并标明了盈余空间。该列表按股息收益率排序。</blockquote></p><p><img src=\"https://static.tigerbbs.com/fc941b397e252f4198fa8bb425fa2bbb\" tg-width=\"666\" tg-height=\"762\" referrerpolicy=\"no-referrer\">Scroll the table to see all the data, including forward P/E ratios and total returns for 2021 and 2020.</p><p><blockquote>滚动表格查看所有数据,包括2021年和2020年的远期市盈率和总回报率。</blockquote></p><p>For real estate investment trusts, the industry standard for measuring dividend-paying ability is funds from operations, a non-GAAP figure that adds depreciation and amortization back to earnings and subtracts gains on the sale of property. So forward FFO estimates are used in the “estimated FCF yield” column on the table.</p><p><blockquote>对于房地产投资信托来说,衡量股息支付能力的行业标准是运营资金,这是一个非公认会计准则数字,将折旧和摊销加到收益中,并减去房地产销售的收益。因此,远期 FFO 估计值用于表格上的“估计 FCF 收益率”栏中。</blockquote></p><p>The list excludes four stocks already held by Berkshire Hathaway — Verizon, Chevron and two more:</p><p><blockquote>该名单不包括伯克希尔哈撒韦公司已持有的四只股票——Verizon、雪佛龙和另外两只股票:</blockquote></p><p></p><p><ul><li>AbbVie Inc.ABBVhas a dividend yield of 4.99%, with a forward free cash flow yield of 10.54% for headroom of 5.55%.</li><li>Kraft Heinz Co.KHChas a dividend yield of 4.52% and a forward free cash flow yield of 7.59% for headroom of 3.06%. The company cut its dividend by more than a third in February 2019.</li></ul>A high dividend yield might indicate investors are sour on the company’s business prospects or its ability to maintain the dividend over the long term, despite a high FCF yield. For example, the highest-yielding stock on the list is Lumen Technologies Inc.LUMN,which was CenturyLink before it was renamed in September. The dividend yield is 8.48%. CenturyLinkcut its quarterly dividend by 26% on the same day it authorized a $2 billion stock repurchase planin February 2013. The company’s quarterly dividend remained 54 cents a share until it wascut to the current 25 cents a sharein February 2019. For five years through Feb. 16, shares of Lumen/CenturyLink were down 34%, with dividends reinvested, while they were down 38% for 10 years.</p><p><blockquote><ul><li>艾伯维公司ABBV的股息收益率为4.99%,远期自由现金流收益率为10.54%,净空为5.55%。</li><li>卡夫亨氏公司的股息收益率为 4.52%,远期自由现金流收益率为 7.59%,净空为 3.06%。该公司于 2019 年 2 月将股息削减了三分之一以上。</li></ul>尽管自由现金流收益率很高,但高股息收益率可能表明投资者对公司的业务前景或长期维持股息的能力感到不满。例如,名单上收益率最高的股票是 Lumen Technologies Inc.LUMN,该公司在 9 月份更名之前是 CenturyLink。股息率为8.48%。CenturyLink 在 2013 年 2 月授权 20 亿美元股票回购计划的同一天将季度股息削减了 26%。该公司的季度股息一直维持在每股 54 美分,直到 2019 年 2 月降至目前的每股 25 美分。截至 2 月 16 日的五年里,Lumen/CenturyLink 的股价下跌了 34%,股息进行了再投资,而 10 年来股价下跌了 38%。</blockquote></p><p>Other companies on the list that have cut dividends over the past 10 years include Williams Cos.WMB,Kinder Morgan Inc.KMI,Vornado Realty TrustVNOand Simon Property Group Inc.SPG,which reduced its payout by 38% in June.</p><p><blockquote>名单上其他在过去 10 年中削减股息的公司包括 Williams Cos. WMB、Kinder Morgan Inc.KMI、Vornado Realty TrustVNO 和 Simon Property Group Inc.SPG,后者在 6 月份将股息减少了 38%。</blockquote></p><p>All of this emphasizes the importance of doing your own research to form your own opinion about a company’s long-term prospects if you see any stocks of interest here.</p><p><blockquote>所有这些都强调了自己进行研究的重要性,如果您在这里看到任何感兴趣的股票,就必须对公司的长期前景形成自己的看法。</blockquote></p><p>Aside from CenturyLink, the stock listed above with the lowest forward P/E valuation is AT&T Inc.T,with a dividend yield of 7.18% and P/E of 9.2, followed by Pfizer Inc.PFE,with a yield of 4.50% and forward P/E of 10.3.</p><p><blockquote>除CenturyLink外,上述远期市盈率最低的股票是AT&T Inc.T,股息率为7.18%,市盈率为9.2,其次是辉瑞公司PFE,收益率为4.50%,远期市盈率为10.3。</blockquote></p><p></p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>22 additional dividend stocks that Warren Buffett might consider buying<blockquote>沃伦·巴菲特可能会考虑购买的 22 只额外股息股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n22 additional dividend stocks that Warren Buffett might consider buying<blockquote>沃伦·巴菲特可能会考虑购买的 22 只额外股息股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-02-18 14:53</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>His Berkshire Hathaway conglomerate recently started buying shares of Verizon and Chevron — both have attractive dividend yields well-supported by expected cash flow.</b>A vote of confidence by Warren Buffett in a particular stock doesn’t mean you should jump on the bandwagon, but the Berkshire Hathaway CEO’s long-term track record speaks for itself. The man knows how to spot a bargain.</p><p><blockquote><b>他的伯克希尔哈撒韦公司最近开始购买威瑞森和雪佛龙的股票——这两家公司的股息收益率都很有吸引力,并得到了预期现金流的有力支持。</b>沃伦-巴菲特(Warren Buffett)对某只股票投下信任票并不意味着你应该跟风,但这位伯克希尔-哈撒韦公司(Berkshire Hathaway)首席执行官的长期业绩不言自明。这个人知道如何发现便宜货。</blockquote></p><p>Below is a screen of stocks inspired by Buffett’s two new picks that feature attractive dividend yields that are expected to be well-covered by free cash flow.</p><p><blockquote>下面是受巴菲特两只新精选股票启发的股票,它们的股息收益率极具吸引力,预计自由现金流将很好地覆盖这些股票。</blockquote></p><p>Word of Buffett’s new investment positions can send shares higher as other investors’ ears perk up. This happened after Berkshire Hathaway Inc.BRKdisclosed late Feb. 16 that it had purchased shares of Verizon Communications Inc.VZ.and Chevron Corp.CVX— two stocks with attractive dividend yields, one of which is cheaply priced when compared to the weighted valuation of the S&P 500 IndexSPX.</p><p><blockquote>巴菲特新投资头寸的消息会让其他投资者竖起耳朵,从而推动股价走高。此前,伯克希尔哈撒韦公司 (Berkshire Hathaway Inc.BRK) 于 2 月 16 日晚些时候披露,它已购买了 Verizon Communications Inc.VZ 和 Chevron Corp.CVX 的股票——这两只股票的股息收益率极具吸引力,其中一只股票的价格与标普500指数 SPX 的加权估值相比较低。</blockquote></p><p>Shares of Verizon were up 3% in early trading Feb. 17, while Chevron was up 3.5%. With dividends reinvested, Verizon had declined 7% for 2021 through Feb. 16, following a flat performance in 2020. Chevron was up 1.5% early Feb. 17 and had already risen 12% for 2021 following a 26% decline in 2020. Oil is on the upswing as investors look ahead to life after the pandemic. West Texas Intermediate crude oilCRUDE OILhad risen 68% from the close on Oct. 31 through Feb. 16, when it settled at $60.05 a barrel.</p><p><blockquote>2 月 17 日早盘交易中,Verizon 股价上涨 3%,雪佛龙股价上涨 3.5%。随着股息再投资,截至 2 月 16 日,Verizon 在 2020 年表现平平后,2021 年股价下跌了 7%。雪佛龙 2 月 17 日早些时候上涨 1.5%,继 2020 年下跌 26% 后,2021 年已上涨 12%。随着投资者展望大流行后的生活,油价正在上涨。西德克萨斯中质原油从 10 月 31 日收盘到 2 月 16 日收盘上涨 68%,收于每桶 60.05 美元。</blockquote></p><p>All of the following is based on closing prices Feb. 16 and consensus estimates among analysts polled by FactSet for the next 12 months.</p><p><blockquote>以下所有数据均基于 2 月 16 日的收盘价以及 FactSet 调查的分析师对未来 12 个月的一致预期。</blockquote></p><p>Verizon’s stock trades at a forward price-to-earnings ratio of 10.7, compared to a weighted aggregate forward P/E of 22.5 for the S&P 500. The shares have a dividend yield of 4.64%.</p><p><blockquote>Verizon 股票的远期市盈率为 10.7,而标普500的加权总远期市盈率为 22.5。该股股息率为4.64%。</blockquote></p><p>One way to gauge a company’s ability to cover its dividend (and hopefully raise it) is to look at its free cash flow, which is its remaining cash flow after planned capital expenditures. This is money that can be used for any corporate purpose, including expansion, share repurchases or dividend increases. We can measure a company’s free cash flow yield by dividing trailing or estimated free cash flow by the current share price. Because of the disruptions to the U.S. economy in 2020, all the free cash flow yields that follow make use of consensus estimates for the next 12 reported months.</p><p><blockquote>衡量一家公司支付股息(并希望提高股息)能力的一种方法是查看其自由现金流,即扣除计划资本支出后的剩余现金流。这笔钱可用于任何公司目的,包括扩张、股票回购或增加股息。我们可以通过将追踪或估计的自由现金流除以当前股价来衡量公司的自由现金流收益率。由于 2020 年美国经济受到干扰,随后的所有自由现金流收益率均采用了未来 12 个月报告的共识估计。</blockquote></p><p>Verizion’s forward free cash flow yield is 8.97%, showing “headroom” of 4.34% over the current dividend.</p><p><blockquote>Verizion 的远期自由现金流收益率为 8.97%,比当前股息有 4.34% 的 “余量 ”。</blockquote></p><p>Chevron’s stock trades at a forward P/E ratio of 24.8, which is higher than that of the S&P 500. Then again, 2021 is expected to be a recovery year for oil and natural gas, and analysts’ earnings estimates may not have caught up with rising fuel commodity prices. Chevron’s dividend yield is 5.54% and its forward free cash flow yield is 7.99%, leaving “headroom” of 2.45%.</p><p><blockquote>雪佛龙股票的远期市盈率为 24.8,高于标普500。话又说回来,2021 年预计将是石油和天然气的复苏之年,分析师的盈利预期可能赶不上燃料大宗商品价格的上涨。雪佛龙的股息收益率为 5.54%,远期自由现金流收益率为 7.99%,剩余 2.45% 的 “净空 ”。</blockquote></p><p>None of this is to say that Buffett is overly fixated on stocks with high dividend yields. He isn’t. Among the publicly traded holdings the company disclosed Feb. 16, there are plenty of companies that pay no dividends, including Amazon.com Inc.AMZN,Biogen Inc.BIIB,Charter Communications Inc.CHTRand General Motors Co.GM,which suspended its quarterly dividend in April.</p><p><blockquote>这并不是说巴菲特过度专注于高股息收益率的股票。他不是。在该公司 2 月 16 日披露的公开交易持股中,有许多公司不支付股息,包括亚马逊公司 (AMZN)、百健公司 (Biogen Inc.BIIB)、特许通信公司 (Charter Communications Inc.CHTRC) 和通用汽车公司 (General Motors Co.GM),后者暂停了四月份的季度股息。</blockquote></p><p><b>A Buffett dividend stock screen</b></p><p><blockquote><b>巴菲特股息股票筛选</b></blockquote></p><p>Working from Buffett’s selections of Verizon and Chevron and excluding stocks Berkshire Hathaway doesn’t already hold, here are the 22 stocks among the S&P 500 with dividend yields of at least 4.00%, for which free cash flow estimates for calendar 2021 are available, with headroom indicated. The list is sorted by dividend yield.</p><p><blockquote>根据巴菲特选择的 Verizon 和雪佛龙,并排除伯克希尔-哈撒韦公司尚未持有的股票,以下是标普500中股息收益率至少为 4.00% 的 22 只股票,这些股票可获得 2021 年日历的自由现金流估算,并标明了盈余空间。该列表按股息收益率排序。</blockquote></p><p><img src=\"https://static.tigerbbs.com/fc941b397e252f4198fa8bb425fa2bbb\" tg-width=\"666\" tg-height=\"762\" referrerpolicy=\"no-referrer\">Scroll the table to see all the data, including forward P/E ratios and total returns for 2021 and 2020.</p><p><blockquote>滚动表格查看所有数据,包括2021年和2020年的远期市盈率和总回报率。</blockquote></p><p>For real estate investment trusts, the industry standard for measuring dividend-paying ability is funds from operations, a non-GAAP figure that adds depreciation and amortization back to earnings and subtracts gains on the sale of property. So forward FFO estimates are used in the “estimated FCF yield” column on the table.</p><p><blockquote>对于房地产投资信托来说,衡量股息支付能力的行业标准是运营资金,这是一个非公认会计准则数字,将折旧和摊销加到收益中,并减去房地产销售的收益。因此,远期 FFO 估计值用于表格上的“估计 FCF 收益率”栏中。</blockquote></p><p>The list excludes four stocks already held by Berkshire Hathaway — Verizon, Chevron and two more:</p><p><blockquote>该名单不包括伯克希尔哈撒韦公司已持有的四只股票——Verizon、雪佛龙和另外两只股票:</blockquote></p><p></p><p><ul><li>AbbVie Inc.ABBVhas a dividend yield of 4.99%, with a forward free cash flow yield of 10.54% for headroom of 5.55%.</li><li>Kraft Heinz Co.KHChas a dividend yield of 4.52% and a forward free cash flow yield of 7.59% for headroom of 3.06%. The company cut its dividend by more than a third in February 2019.</li></ul>A high dividend yield might indicate investors are sour on the company’s business prospects or its ability to maintain the dividend over the long term, despite a high FCF yield. For example, the highest-yielding stock on the list is Lumen Technologies Inc.LUMN,which was CenturyLink before it was renamed in September. The dividend yield is 8.48%. CenturyLinkcut its quarterly dividend by 26% on the same day it authorized a $2 billion stock repurchase planin February 2013. The company’s quarterly dividend remained 54 cents a share until it wascut to the current 25 cents a sharein February 2019. For five years through Feb. 16, shares of Lumen/CenturyLink were down 34%, with dividends reinvested, while they were down 38% for 10 years.</p><p><blockquote><ul><li>艾伯维公司ABBV的股息收益率为4.99%,远期自由现金流收益率为10.54%,净空为5.55%。</li><li>卡夫亨氏公司的股息收益率为 4.52%,远期自由现金流收益率为 7.59%,净空为 3.06%。该公司于 2019 年 2 月将股息削减了三分之一以上。</li></ul>尽管自由现金流收益率很高,但高股息收益率可能表明投资者对公司的业务前景或长期维持股息的能力感到不满。例如,名单上收益率最高的股票是 Lumen Technologies Inc.LUMN,该公司在 9 月份更名之前是 CenturyLink。股息率为8.48%。CenturyLink 在 2013 年 2 月授权 20 亿美元股票回购计划的同一天将季度股息削减了 26%。该公司的季度股息一直维持在每股 54 美分,直到 2019 年 2 月降至目前的每股 25 美分。截至 2 月 16 日的五年里,Lumen/CenturyLink 的股价下跌了 34%,股息进行了再投资,而 10 年来股价下跌了 38%。</blockquote></p><p>Other companies on the list that have cut dividends over the past 10 years include Williams Cos.WMB,Kinder Morgan Inc.KMI,Vornado Realty TrustVNOand Simon Property Group Inc.SPG,which reduced its payout by 38% in June.</p><p><blockquote>名单上其他在过去 10 年中削减股息的公司包括 Williams Cos. WMB、Kinder Morgan Inc.KMI、Vornado Realty TrustVNO 和 Simon Property Group Inc.SPG,后者在 6 月份将股息减少了 38%。</blockquote></p><p>All of this emphasizes the importance of doing your own research to form your own opinion about a company’s long-term prospects if you see any stocks of interest here.</p><p><blockquote>所有这些都强调了自己进行研究的重要性,如果您在这里看到任何感兴趣的股票,就必须对公司的长期前景形成自己的看法。</blockquote></p><p>Aside from CenturyLink, the stock listed above with the lowest forward P/E valuation is AT&T Inc.T,with a dividend yield of 7.18% and P/E of 9.2, followed by Pfizer Inc.PFE,with a yield of 4.50% and forward P/E of 10.3.</p><p><blockquote>除CenturyLink外,上述远期市盈率最低的股票是AT&T Inc.T,股息率为7.18%,市盈率为9.2,其次是辉瑞公司PFE,收益率为4.50%,远期市盈率为10.3。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.marketwatch.com/story/22-additional-dividend-stocks-that-warren-buffett-might-consider-buying-11613579442?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FRT":"FRT信托","O":"Realty Income Corp","VNO":"沃那多房信","WMB":"威廉姆斯","LYB":"利安德巴塞尔","AMCR":"AMCOR PLC","IPG":"埃培智","LUMN":"Lumen Technologies","MPC":"马拉松原油","IP":"国际纸业","OKE":"欧尼克(万欧卡)","DOW":"陶氏化学","REG":"Regency Centers Corp","SLG":"SL Green Realty Corp","PSX":"Phillips 66","IRM":"爱恩铁山","KMI":"金德尔摩根","T":"At&T","PFE":"辉瑞","SPG":"西蒙地产","BXP":"BXP Inc"},"source_url":"https://www.marketwatch.com/story/22-additional-dividend-stocks-that-warren-buffett-might-consider-buying-11613579442?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1124565484","content_text":"His Berkshire Hathaway conglomerate recently started buying shares of Verizon and Chevron — both have attractive dividend yields well-supported by expected cash flow.A vote of confidence by Warren Buffett in a particular stock doesn’t mean you should jump on the bandwagon, but the Berkshire Hathaway CEO’s long-term track record speaks for itself. The man knows how to spot a bargain.Below is a screen of stocks inspired by Buffett’s two new picks that feature attractive dividend yields that are expected to be well-covered by free cash flow.Word of Buffett’s new investment positions can send shares higher as other investors’ ears perk up. This happened after Berkshire Hathaway Inc.BRKdisclosed late Feb. 16 that it had purchased shares of Verizon Communications Inc.VZ.and Chevron Corp.CVX— two stocks with attractive dividend yields, one of which is cheaply priced when compared to the weighted valuation of the S&P 500 IndexSPX.Shares of Verizon were up 3% in early trading Feb. 17, while Chevron was up 3.5%. With dividends reinvested, Verizon had declined 7% for 2021 through Feb. 16, following a flat performance in 2020. Chevron was up 1.5% early Feb. 17 and had already risen 12% for 2021 following a 26% decline in 2020. Oil is on the upswing as investors look ahead to life after the pandemic. West Texas Intermediate crude oilCRUDE OILhad risen 68% from the close on Oct. 31 through Feb. 16, when it settled at $60.05 a barrel.All of the following is based on closing prices Feb. 16 and consensus estimates among analysts polled by FactSet for the next 12 months.Verizon’s stock trades at a forward price-to-earnings ratio of 10.7, compared to a weighted aggregate forward P/E of 22.5 for the S&P 500. The shares have a dividend yield of 4.64%.One way to gauge a company’s ability to cover its dividend (and hopefully raise it) is to look at its free cash flow, which is its remaining cash flow after planned capital expenditures. This is money that can be used for any corporate purpose, including expansion, share repurchases or dividend increases. We can measure a company’s free cash flow yield by dividing trailing or estimated free cash flow by the current share price. Because of the disruptions to the U.S. economy in 2020, all the free cash flow yields that follow make use of consensus estimates for the next 12 reported months.Verizion’s forward free cash flow yield is 8.97%, showing “headroom” of 4.34% over the current dividend.Chevron’s stock trades at a forward P/E ratio of 24.8, which is higher than that of the S&P 500. Then again, 2021 is expected to be a recovery year for oil and natural gas, and analysts’ earnings estimates may not have caught up with rising fuel commodity prices. Chevron’s dividend yield is 5.54% and its forward free cash flow yield is 7.99%, leaving “headroom” of 2.45%.None of this is to say that Buffett is overly fixated on stocks with high dividend yields. He isn’t. Among the publicly traded holdings the company disclosed Feb. 16, there are plenty of companies that pay no dividends, including Amazon.com Inc.AMZN,Biogen Inc.BIIB,Charter Communications Inc.CHTRand General Motors Co.GM,which suspended its quarterly dividend in April.A Buffett dividend stock screenWorking from Buffett’s selections of Verizon and Chevron and excluding stocks Berkshire Hathaway doesn’t already hold, here are the 22 stocks among the S&P 500 with dividend yields of at least 4.00%, for which free cash flow estimates for calendar 2021 are available, with headroom indicated. The list is sorted by dividend yield.Scroll the table to see all the data, including forward P/E ratios and total returns for 2021 and 2020.For real estate investment trusts, the industry standard for measuring dividend-paying ability is funds from operations, a non-GAAP figure that adds depreciation and amortization back to earnings and subtracts gains on the sale of property. So forward FFO estimates are used in the “estimated FCF yield” column on the table.The list excludes four stocks already held by Berkshire Hathaway — Verizon, Chevron and two more:AbbVie Inc.ABBVhas a dividend yield of 4.99%, with a forward free cash flow yield of 10.54% for headroom of 5.55%.Kraft Heinz Co.KHChas a dividend yield of 4.52% and a forward free cash flow yield of 7.59% for headroom of 3.06%. The company cut its dividend by more than a third in February 2019.A high dividend yield might indicate investors are sour on the company’s business prospects or its ability to maintain the dividend over the long term, despite a high FCF yield. For example, the highest-yielding stock on the list is Lumen Technologies Inc.LUMN,which was CenturyLink before it was renamed in September. The dividend yield is 8.48%. CenturyLinkcut its quarterly dividend by 26% on the same day it authorized a $2 billion stock repurchase planin February 2013. The company’s quarterly dividend remained 54 cents a share until it wascut to the current 25 cents a sharein February 2019. For five years through Feb. 16, shares of Lumen/CenturyLink were down 34%, with dividends reinvested, while they were down 38% for 10 years.Other companies on the list that have cut dividends over the past 10 years include Williams Cos.WMB,Kinder Morgan Inc.KMI,Vornado Realty TrustVNOand Simon Property Group Inc.SPG,which reduced its payout by 38% in June.All of this emphasizes the importance of doing your own research to form your own opinion about a company’s long-term prospects if you see any stocks of interest here.Aside from CenturyLink, the stock listed above with the lowest forward P/E valuation is AT&T Inc.T,with a dividend yield of 7.18% and P/E of 9.2, followed by Pfizer Inc.PFE,with a yield of 4.50% and forward P/E of 10.3.","news_type":1,"symbols_score_info":{"IRM":0.9,"OKE":0.9,"VNO":0.9,"PFE":0.9,"K":0.9,"BXP":0.9,"O":0.9,"WMB":0.9,"T":0.9,"FRT":0.9,"MPC":0.9,"SPG":0.9,"DOW":0.9,"LYB":0.9,"AMCR":0.9,"REG":0.9,"KMI":0.9,"IPG":0.9,"LUMN":0.9,"IP":0.9,"PSX":0.9,"SLG":0.9}},"isVote":1,"tweetType":1,"viewCount":2752,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":385631689,"gmtCreate":1613540201841,"gmtModify":1631890613319,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/GTE\">$Gran Tierra(GTE)$</a>yea boi","listText":"<a href=\"https://laohu8.com/S/GTE\">$Gran Tierra(GTE)$</a>yea boi","text":"$Gran Tierra(GTE)$yea boi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/385631689","repostId":"1146053060","repostType":4,"repost":{"id":"1146053060","kind":"news","pubTimestamp":1613540252,"share":"https://www.laohunote.com/m/news/1146053060?lang=zh_CN&edition=full","pubTime":"2021-02-17 13:37","market":"fut","language":"en","title":"Is This Oil Rally The Start Of Something Much Bigger?<blockquote>这次油价反弹是更大事件的开始吗?</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1146053060","media":"Oilprice","summary":"Commodities have rallied in recent months, outperforming equity indexes amid expectations of an econ","content":"<p><div> Commodities have rallied in recent months, outperforming equity indexes amid expectations of an economic recovery, easy monetary policy, and rising inflation. The commodity bull run across the board—...</p><p><blockquote><div>近几个月来,由于经济复苏、宽松货币政策和通胀上升的预期,大宗商品价格上涨,表现优于股票指数。大宗商品牛市全面运行——...</div></blockquote></p><p> <a href=\"https://oilprice.com/Energy/Oil-Prices/Is-This-Oil-Rally-The-Start-Of-Something-Much-Bigger.html\">网页链接</a> </div> </p><p><blockquote><a href=\"https://oilprice.com/Energy/Oil-Prices/Is-This-Oil-Rally-The-Start-Of-Something-Much-Bigger.html\">网页连接</a></blockquote></p><p></p>","source":"lsy1606109400967","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>Is This Oil Rally The Start Of Something Much Bigger?<blockquote>这次油价反弹是更大事件的开始吗?</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs This Oil Rally The Start Of Something Much Bigger?<blockquote>这次油价反弹是更大事件的开始吗?</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Oilprice</strong><span class=\"h-time small\">2021-02-17 13:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Commodities have rallied in recent months, outperforming equity indexes amid expectations of an economic recovery, easy monetary policy, and rising inflation. The commodity bull run across the board—...</p><p><blockquote><div>近几个月来,由于经济复苏、宽松货币政策和通胀上升的预期,大宗商品价格上涨,表现优于股票指数。大宗商品牛市全面运行——...</div></blockquote></p><p> <a href=\"https://oilprice.com/Energy/Oil-Prices/Is-This-Oil-Rally-The-Start-Of-Something-Much-Bigger.html\">网页链接</a> </div> </p><p><blockquote><a href=\"https://oilprice.com/Energy/Oil-Prices/Is-This-Oil-Rally-The-Start-Of-Something-Much-Bigger.html\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://oilprice.com/Energy/Oil-Prices/Is-This-Oil-Rally-The-Start-Of-Something-Much-Bigger.html\">Oilprice</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://oilprice.com/Energy/Oil-Prices/Is-This-Oil-Rally-The-Start-Of-Something-Much-Bigger.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146053060","content_text":"Commodities have rallied in recent months, outperforming equity indexes amid expectations of an economic recovery, easy monetary policy, and rising inflation.\nThe commodity bull run across the board—spearheaded by a 50-percent jump in oil prices over the past three months—isn’t finished running, analysts and investment banks say. Some of the biggest investment banks have even started to call the start of a new commodities supercycle, which by definition, lasts years—typically about a decade.\nYet, not all investment banks and analysts are as convinced that we are in for a commodities supercycle across the board, warning that the termsupercycleis too optimistic for a bull run that could fizzle out within a year or two and could still fall victim to negative COVID-related impacts.\nCommodity Rally\nAs early as in October 2020, a few weeks before the first announcement of an effective vaccine candidate, Goldman Sachs said that commodities were headed toward a bull run in 2021. Hedges against expectations of rising inflation, a weakening U.S. dollar in which most commodities are traded, and signals of “very easy” monetary policy from central banks would be the key drivers of rallying commodities, Goldman Sachs said back then.\nGoldman expected the S&P Goldman Sachs Commodity Index (GSCI) to return 42.6 percent for energy over a 12-month period, and 17.9 percent for precious metals.\nOver the past three months, the S&P GSCI has outperformed the S&P 500 index, with the commodity index rising by 25 percent, compared to (just) a 9-percent increase in the S&P 500.\nOver the same period, oil prices have rallied from the low $40s to above $60 a barrel, driven by vaccine rollouts, OPEC+ production cuts, and expectations of a tight market and rising oil demand later this year when economies return to growth, helped by large stimulus packages.\nSome Drivers Of A New Supercycle Are Here…\nAccording to JPMorgan, there are reasons to believe that a new commodity supercycle may have just started.\n“We believe that the new commodity upswing, and in particular oil up cycle, has started,” JPMorgan analysts led by Marko Kolanovic said in a note last week, as carried by Bloomberg.\nThe latest commodity supercycle ended in 2008 after a 12-year run, boosted by the super-spending and economic surge in China.\nJPMorgan now sees several potential factors underpinning a new supercycle: post-pandemic global economic growth, “ultra loose” monetary policies, increased and tolerated inflation, weakening U.S. dollar, financial inflows to hedge inflation, metals for energy transition markets such as batteries and electric vehicles (EVs), and underinvestment in new oil supply.\nThe International Energy Agency (IEA) warned last year that if investment in oil were to stay at the 2020 levels over the next five years, it would reduce the previously expected level of oil supply in 2025 by nearly 9 million barrels per day (bpd).\nThis year, global upstream investments will stay low, just like they were in 2020, Wood Mackenzie said in December, expecting upstream oil and gas investment at a 15-year low of just US$300 billion, down by 30 percent from the pre-crisis level of investment in 2019.\n“The world may be sleepwalking into a supply crunch, albeit beyond 2021. A recovery in oil demand back to over 100 million b/d by late 2022 increases risk of a material supply gap later this decade, triggering an upward spike in price,” said Simon Flowers, Chairman and Chief Analyst at WoodMac.\nThen, “very easy monetary policy” and reflation trade could push oil pricesas high as $100 a barrel next year, Amrita Sen, chief oil analyst at Energy Aspects, told Bloomberg earlier this month.\nIn the week to February 9, hedge funds increased bullish bets on 24 major commodity futures by 5 percent to a fresh high of 2.7 million lots, representing a nominal value of $143.7 billion, Ole Hansen, Head of Commodity Strategy at Saxo Bank,said, commenting on the latest Commitments of Traders report.\nThe combined net long position—the difference between bullish and bearish bets—in Brent and WTI has now increased to the highest in 28 months, while the net long in the grain sector in agriculture is not far from the record set in August 2012, Hansen noted.\nPost-pandemic growth, tightening supply, and continued demand for reflation hedges pushed the Bloomberg Commodity index to a 27-month high, Hansen said.\nBut Is This The Start Of The Next Commodities Supercycle?\nAlthough crude oil and other commodities have rallied and signals have emerged to support the call for a new supercycle, some analysts are cautious and say it is a little early to proclaim the beginning of the next commodity supercycle.\nWhat we see in oil and commodities right now is a cyclical recovery, but a supercycle could be “two to three years away,” George Cheveley, portfolio manager at asset management company Ninety One, told Financial Times’ Natural Resources Editor Neil Hume.\nThis bull run is unlikely to turn into a supercycle for commodities, because while investment may be depressed, “the material is abundant” for many commodities, including crude oil, Ed Morse, managing director and global head of commodities research at Citigroup, told the Financial Post in an interview last week.\nCommodities have certainly benefited from the optimism that post-COVID growth and stimulus packages will boost demand and prices, but it may be a little premature to trumpet the next decade-long across-the-board commodities supercycle.","news_type":1,"symbols_score_info":{"BZmain":0.9,"CLmain":0.9}},"isVote":1,"tweetType":1,"viewCount":2626,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382131678,"gmtCreate":1613380297694,"gmtModify":1631890613329,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/GTE\">$Gran Tierra(GTE)$</a>its time","listText":"<a href=\"https://laohu8.com/S/GTE\">$Gran Tierra(GTE)$</a>its time","text":"$Gran Tierra(GTE)$its time","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/382131678","repostId":"2110904027","repostType":4,"isVote":1,"tweetType":1,"viewCount":2142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":388103903,"gmtCreate":1613033170602,"gmtModify":1703768554700,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>再来吗","listText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>再来吗","text":"$Castor Maritime, Inc.(CTRM)$再来吗","images":[{"img":"https://static.tigerbbs.com/7524a796c5f3e057abce617c6604304a","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/388103903","isVote":1,"tweetType":1,"viewCount":957,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":384833473,"gmtCreate":1613636662292,"gmtModify":1634552851532,"author":{"id":"3574770700496796","authorId":"3574770700496796","name":"WadeW","avatar":"https://static.tigerbbs.com/515948ceeb9bc7c8764d485f743405e0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574770700496796","authorIdStr":"3574770700496796"},"themes":[],"title":"","htmlText":"Lol comment for the sake of coin","listText":"Lol comment for the sake of coin","text":"Lol comment for the sake of coin","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/384833473","repostId":"1112683598","repostType":4,"isVote":1,"tweetType":1,"viewCount":1478,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}